Bitcoin Forum

Economy => Speculation => Topic started by: ndnh on December 19, 2014, 02:04:12 PM



Title: So where are we? Historical crashes
Post by: ndnh on December 19, 2014, 02:04:12 PM
Source: http://www.forbes.com/sites/timothylee/2013/04/11/an-illustrated-history-of-bitcoin-crashes/

June 8-12, 2011
Peak price: $32
Price decline: 68 percent
http://blogs-images.forbes.com/timothylee/files/2014/02/2011-064.png

January 17, 2012
Peak price: $7.20
Price decline: 36 percent
http://blogs-images.forbes.com/timothylee/files/2014/02/2012-01.png


August 17-19, 2012
Peak price: $15.25
Price decline: 51 percent
http://blogs-images.forbes.com/timothylee/files/2014/02/2012-08.png


March 6 and 11, 2013
Peak price: $49
Price decline: 33 percent
http://blogs-images.forbes.com/timothylee/files/2014/02/2013-031.png


April 10, 2013
Peak price: $266
Price decline: 61 percent
http://blogs-images.forbes.com/timothylee/files/2014/02/2013-04.png


My analysis:

Peak price: $395
Price decline: (month)
On base: 22.8%
On current: 29.5%

First part: 2 year data
Second part: 6 month estimate. (mine  ;D )
http://i57.tinypic.com/2natdvd.png


Title: Re: So where are we? Historical crashes
Post by: carlosiness on December 19, 2014, 02:08:24 PM
in my opinion, these charts shows normal/natural economisc ups and downs, may be too hurry for normal economics phenomenon, but the price is always going up..


Title: Re: So where are we? Historical crashes
Post by: unent on December 19, 2014, 02:17:33 PM
It would help if you put a scale with some numbers on your chart. It's not easy to read them without a scale.


Title: Re: So where are we? Historical crashes
Post by: ndnh on December 19, 2014, 02:23:46 PM
It would help if you put a scale with some numbers on your chart. It's not easy to read them without a scale.

Sure, I thought so, for the original part of the chart, the peak is $1000.

The other one is an estimate. If I put numbers on that, it will be inaccurate. It is a relative trend.


Title: Re: So where are we? Historical crashes
Post by: izanagi narukami on December 19, 2014, 02:32:43 PM
It would help if you put a scale with some numbers on your chart. It's not easy to read them without a scale.

Sure, I thought so, for the original part of the chart, the peak is $1000.

The other one is an estimate. If I put numbers on that, it will be inaccurate. It is a relative trend.

man...the trend is lowering now.
Shall I keep it  ?

anyway..why last Nov 2013, bitcoin price ever reach $ 1000 ?