Bitcoin Forum

I feel like someone should have noticed this already, but I'll post it again because I don't know what to search for to make sure there is no duplicate.

https://i.imgur.com/B2paU5n.png

Doesn't the first little "bump" in April 13 look exactly like the large "bump" in Jan 14?
If it follows this same path which might happen we could have found a pattern here. If it follows this same path it would be wisest to buy now.

The similarity is quite well known. Believing that chart (and assuming we were past the low point) is part of what helped keep the price at $600+ so long, you're the first person I've seen post it in a while though  ;)

Yeah this has been mentioned already. My bet is on a mega long period of time of price around 300, then a big big rally towards 2000.

They look indentical.  It looks to me as if we correlate to the mid July part of 2013.  If you look back at the message boards of all the bitcoin crashes, you have so many doubters and people giving up.

Bitcoin is the honeybadger of money people, STAY STRONG!!!!!!

Depending how long this "gestation period" for cheap coins is, the more nastier the upside could be. For instance, you could have an incremental uptick in the price over the next six months which may not even get us back to $1k. We could have a teetering around this level for the next ~six months and then the bulls take a few swings and we could go into the mid four digits. Or and considering that a much larger portion of humans on earth have access to atms or exchanges of some sort which inevitably will prime the next round of panic buying to unfathomable levels meaning that when the bulls unleash their fury, the next wave could easily climb into five digit territory. Buy and http://i60.tinypic.com/vg268n.png

Keep in mind that every previous bubble was created by Gox bots.

They're totally similar, you can clearly see that it goes up and then down.  Time to buy!

Huboi and OK Coin are working on the Wirry bot.

We can only hope that the past will repeat itself and another rally will come up soon.

Past always repeat it self.
But in chart its always something similar or looks the same.

We will see if chart are ok then this is the time for some pumping and jumping.

do you sure it's wise to buy bitcoin now?

Shape may look similar, timescale is different. So this time round, we may be facing a lot more bumps at current low price level.

I am not sure there is enough "sample size" to determine any kind of pattern here tbh

If this pattern is any guide, there is about 9-12 months to go before the next leg up begins.

Nice catch there mate. I hope that the next leg up comes after that long wait we are looking forward to then. Hope to see a four digit atleast if not a five digit like someone mentioned :-P

Acid makes you see patterns/connections that you would never normally notice. Has anyone tried to analyse the bitcoin charts under a heavy dose of LSD? :P I'd be interested to review the scientific output of such an experiment.

Exactly when people notice a pattern, is when the pattern changes.

This has happened 4 times.. people were commenting on the pattern after the second time.

Considering the block reward halves soon after that, it's an obvious guess.

I thought it was scheduled in ~21 months?

Yeah, probably so. I would ask what patterns you are seeing, but then I would also have to ask what drugs you are on.

I don't do drugs and don't recommend anyone to :)

Bitcoin is a drug. Some people get high on it, some get addicted to it and some hate it irrationally. Some simply don't understand what all the fuss is about.
_________

The trouble with the OP's chart is that it doesn't include the biggest bubble, the one from June 2011. The recovery from that took a year and a half. Any time in 2012 was a great tome to buy. It didn't matter if you paid $5 or $10, just as it won't matter if you paid $300 or $700 when the price bubbles again.

If you were going to buy 1000 Bitcoin, then a $5 price fluctuation wouldn't matter much.  But if you were going to buy $10,000 worth of Bitcoin, then that $5 price fluctuation means the difference between having 1000 Bitcoin and 2000 Bitcoin.  I think you'd agree that it does matter.

Only if you are a greedy person.

absolutely no human involvement at all... none... for sure... 110% goxbots.

My felling was right something is gonna happen.
Only what?

I dont think that if price jump will stay for long more like for few days or something.
Any speculations on this. Price maybe.

My guess, we see a nice slow steady decline from the nice increase we saw today.  Make no mistake people, the Bears are still running this ship and they are wanting to see a pre-gox bitcoin price of $100 before this little rally is through.

Personally I'm hoping for a rally back to previous gold level's or beyond but I really don't think it's in the cards for bitcoin...at least for a couple of more years that is.  Assuming it hasn't been completely snatched up by a couple of uber-rich families by then.

Mt Gox built all those mining rigs and drove up the hashrate. That's my theory.  ;D

i believe there is actually a 3rd almost identical bubble at the start of the graph which cant be seen without zooming in where it went up to about 32 dollars and back down to 2

Could this be related to quantum theory?
When an observer is manipulating the outcome of the experiment just by looking at it?
Look up double slit experiment, fascinating stuff.

I support you theory to many times they create this.
For what reason to buy cheap and then create pumping to take money for BTC bought cheap.

To many fishy things are in here.
So all be careful.

JimboToronto posted this back in February:

Looking at this i just need an Uber for Bitcoin delivery to my office

Yes this is gonna happen again in same pattern.
ONly 1 question remains when.

Next year or when halving occur in 2016.

Yesterday I came to the conclusion that it is probably very closely related to the next halving.
Although this is a foreseeable event, it will have some impact. The only question is 'how much'.

I'm analysing the chart now two hours ago I took two tabs of acid.
2014 tastes more like applesauce then 2013, so far. I will try it naked now.

777778777777 ! YES  !!! NO  !! maybe

What ? letters ?