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Title: Bitcoincharts: Three months since we've had a red week. Post by: elux on August 02, 2012, 01:07:11 AM Take a step back from the intraday noise and chaos for a moment. Notice, it's been a full three months since we've had a red week.
https://i.imgur.com/a7oE5.png Live version: http://bitcoincharts.com/charts/mtgoxUSD#rg90zigWeeklyztgSzm1g10zm2g25zv Green fields forever, or time to see some blood? :) Title: Re: Bitcoincharts: Three months since we've had a red week. Post by: Hexadecibel on August 02, 2012, 01:49:49 AM blood makes the green grass grow
Title: Re: Bitcoincharts: Three months since we've had a red week. Post by: adamstgBit on August 02, 2012, 02:13:59 AM falling knife PLEASE ;D
Title: Re: Bitcoincharts: Three months since we've had a red week. Post by: kiwiasian on August 02, 2012, 02:16:07 AM Take a step back from the intraday noise and chaos for a moment. Notice, it's been a full three months since we've had a red week. Good. Title: Re: Bitcoincharts: Three months since we've had a red week. Post by: ineededausername on August 02, 2012, 02:51:29 AM My vote is in for green fields forever! :)
...or at least until the reward drop. Title: Re: Bitcoincharts: Three months since we've had a red week. Post by: Spekulatius on August 02, 2012, 04:22:15 PM If we keep this pace, by November we will hit ye olde all time again. (too bad, ill sell before that ;)
Title: Re: Bitcoincharts: Three months since we've had a red week. Post by: perlboy on August 04, 2012, 01:49:29 AM My vote is in for green fields forever! :) ...or at least until the reward drop. I'm not an economist but wouldn't the inverse happen? If the reward halves the same compute resource is now only delivering 50% of it's original value and consequently the overall per BTC price worth would have increased? When ASICs get here a heap of things will change but if enough miners jump on board with 1,000GH/sec rigs then it might just equalise out over time anyway (ie. the 50% cut in reward is countered by a 100% increase in mining power). Stu Title: Re: Bitcoincharts: Three months since we've had a red week. Post by: ineededausername on August 04, 2012, 03:02:55 AM Let this be our 11th week!
http://bitcoincharts.com/charts/chart.png?width=940&m=mtgoxUSD&SubmitButton=Draw&r=90&i=Weekly&c=0&s=&e=&Prev=&Next=&t=S&b=&a1=&m1=10&a2=&m2=25&x=0&i1=&i2=&i3=&i4=&v=1&cv=0&ps=0&l=0&p=0& Title: Re: Bitcoincharts: Three months since we've had a red week. Post by: Yuhfhrh on August 04, 2012, 08:16:41 AM Let this be our 11th week! http://bitcoincharts.com/charts/chart.png?width=940&m=mtgoxUSD&SubmitButton=Draw&r=90&i=Weekly&c=0&s=&e=&Prev=&Next=&t=S&b=&a1=&m1=10&a2=&m2=25&x=0&i1=&i2=&i3=&i4=&v=1&cv=0&ps=0&l=0&p=0& That green looks so pretty! And that chart looks exponential o.O Title: Re: Bitcoincharts: Three months since we've had a red week. Post by: hazek on August 04, 2012, 10:27:45 AM It's likely a short term bubble.. this is suppose to happen, when the price pendulum swings it always overshoots, right now it's overshooting to the upside. Once people realize they've got enough BTC and start selling the pendulum will change course and swing back to the lower price direction and overshoot again as the bubble pops.
Title: Re: Bitcoincharts: Three months since we've had a red week. Post by: cypherdoc on August 04, 2012, 11:15:02 AM It's likely a short term bubble.. this is suppose to happen, when the price pendulum swings it always overshoots, right now it's overshooting to the upside. Once people realize they've got enough BTC and start selling the pendulum will change course and swing back to the lower price direction and overshoot again as the bubble pops. Yes but the overshoot is going to exceed the previous highs by more than anyone can imagine before coming back to test 32. Title: Re: Bitcoincharts: Three months since we've had a red week. Post by: hazek on August 04, 2012, 12:04:43 PM That's entirely possible.
Title: Re: Bitcoincharts: Three months since we've had a red week. Post by: proudhon on August 04, 2012, 12:09:17 PM It's likely a short term bubble.. this is suppose to happen, when the price pendulum swings it always overshoots, right now it's overshooting to the upside. Once people realize they've got enough BTC and start selling the pendulum will change course and swing back to the lower price direction and overshoot again as the bubble pops. Yes but the overshoot is going to exceed the previous highs by more than anyone can imagine before coming back to test 32. This makes me confident that we're already at or near the top. Title: Re: Bitcoincharts: Three months since we've had a red week. Post by: ineededausername on August 04, 2012, 01:29:18 PM It's likely a short term bubble.. this is suppose to happen, when the price pendulum swings it always overshoots, right now it's overshooting to the upside. Once people realize they've got enough BTC and start selling the pendulum will change course and swing back to the lower price direction and overshoot again as the bubble pops. Yes but the overshoot is going to exceed the previous highs by more than anyone can imagine before coming back to test 32. This makes me confident that we're already at or near the top. You were "confident" at $7.2, $8 and $9. Your confidence has no credibility :) Title: Re: Bitcoincharts: Three months since we've had a red week. Post by: aq on August 04, 2012, 01:34:53 PM It's likely a short term bubble.. this is suppose to happen, when the price pendulum swings it always overshoots, right now it's overshooting to the upside. Once people realize they've got enough BTC and start selling the pendulum will change course and swing back to the lower price direction and overshoot again as the bubble pops. Yes but the overshoot is going to exceed the previous highs by more than anyone can imagine before coming back to test 32. This makes me confident that we're already at or near the top. You were "confident" at $7.2, $8 and $9. Your confidence has no credibility :) Title: Re: Bitcoincharts: Three months since we've had a red week. Post by: Cablez on August 04, 2012, 02:01:25 PM Will you drop the bear at $12 and don some horns?
http://24.media.tumblr.com/tumblr_kp1howCKG91qzhzyyo1_400.png http://cdn.memegenerator.net/instances/400x/24427782.jpg Title: Re: Bitcoincharts: Three months since we've had a red week. Post by: labestiol on August 12, 2012, 12:46:38 AM Title: Re: Bitcoincharts: Three months since we've had a red week. Post by: 420 on August 12, 2012, 01:31:16 AM correction coming soon?
Title: Re: Bitcoincharts: Three months since we've had a red week. Post by: ruski on August 12, 2012, 01:36:34 AM Title: Re: Bitcoincharts: Three months since we've had a red week. Post by: smoothie on August 12, 2012, 02:29:14 AM It's likely a short term bubble.. this is suppose to happen, when the price pendulum swings it always overshoots, right now it's overshooting to the upside. Once people realize they've got enough BTC and start selling the pendulum will change course and swing back to the lower price direction and overshoot again as the bubble pops. Yes but the overshoot is going to exceed the previous highs by more than anyone can imagine before coming back to test 32. This makes me confident that we're already at or near the top. You were "confident" at $7.2, $8 and $9. Your confidence has no credibility :) Wasn't proudhon supposed to take down the bear at $8+? Looks like someone who can't keep his word to me. Title: Re: Bitcoincharts: Three months since we've had a red week. Post by: oakpacific on August 12, 2012, 02:58:34 AM It's likely a short term bubble.. this is suppose to happen, when the price pendulum swings it always overshoots, right now it's overshooting to the upside. Once people realize they've got enough BTC and start selling the pendulum will change course and swing back to the lower price direction and overshoot again as the bubble pops. Yes but the overshoot is going to exceed the previous highs by more than anyone can imagine before coming back to test 32. This makes me confident that we're already at or near the top. You were "confident" at $7.2, $8 and $9. Your confidence has no credibility :) Wasn't proudhon supposed to take down the bear at $8+? Looks like someone who can't keep his word to me. Title: Re: Bitcoincharts: Three months since we've had a red week. Post by: Serge on August 12, 2012, 03:04:11 AM Currently there is continuing bitcoin exposure out there. It's just amazing how much attention Bitcoin is getting at the moment. Politicians are talking about alternative currencies in US and UK mentioning bitcoin, one US state representative has started accepting donations in bitcoin; one VC is engaged in public discussion and gauging interest. People discussing SR report all over the internet. And there is Bitcoinica case too.
With all this going on I'd say correction is out of picture for the time being. Especially while speculation is not overly optimistic (yet) =) Title: Re: Bitcoincharts: Three months since we've had a red week. Post by: kentrolla on August 12, 2012, 08:06:32 AM ITS GREEN!
Title: Re: Bitcoincharts: Three months since we've had a red week. Post by: elux on August 12, 2012, 08:23:17 AM http://www.gospelvinyl.com/gospelvinylimages/blueridge-greengrass.jpg
http://www.youtube.com/watch?v=7D67w0rlD9c Title: Re: Bitcoincharts: Three months since we've had a red week. Post by: TraderTimm on August 12, 2012, 08:28:32 AM Just draw a trendline on the weekly and stick to it until it is broken. Anything beyond that is sheer folly.
Title: Re: Bitcoincharts: Three months since we've had a red week. Post by: 420 on August 13, 2012, 12:19:03 AM no comprende Title: Re: Bitcoincharts: Three months since we've had a red week. Post by: ruski on August 13, 2012, 08:51:25 AM no comprende tienen miedo de quedarse atrás? ;D Title: Re: Bitcoincharts: Three months since we've had a red week. Post by: 420 on August 14, 2012, 08:49:31 AM no comprende tienen miedo de quedarse atrás? ;D NO, NO NO!! Yo hablo ingles. INGLES!! Title: Re: Bitcoincharts: Three months since we've had a red week. Post by: elux on August 18, 2012, 12:42:03 PM Title: Re: Bitcoincharts: Three months since we've had a red week. Post by: 8up on November 05, 2015, 02:21:29 PM bump for comparison. ;)
Title: Re: Bitcoincharts: Three months since we've had a red week. Post by: elux on November 05, 2015, 02:32:53 PM bump for comparison. ;) We have to go a lot deeper to land a red weekly candle. https://i.imgur.com/vVB88wW.png Title: Re: Bitcoincharts: Three months since we've had a red week. Post by: 8up on November 05, 2015, 02:41:17 PM bump for comparison. ;) We have to go a lot deeper to land a red weekly candle. https://i.imgur.com/vVB88wW.png we're not there yet. ;) btw. the small mid 2012 reads like a script for the current market behaviour. MMM back then was known as pirate. ;) |
