No one's interested. Go away (to the alt section, that is) you shill.

QFT

Go ahead bitcoin, just cross the goddamn 300$ for good so we can get over with it.

This? https://www.youtube.com/watch?v=-VBdAY8eA9w

Google Trends chart from latest ATH to present day does not look that bad when compared to one from the high of 06/2011 to 12/2012, which is the last month when the rise to April 2013 hadn't yet really began. Yet it took only till the next month to start the rise. So I'd say that you cannot predict anything with Google Trends -  regarding the price at least.

http://www.google.com/trends/explore#q=bitcoin&date=6%2F2011%2019m&cmpt=q&tz=

http://www.google.com/trends/explore#q=bitcoin&date=11%2F2013%2017m&cmpt=q&tz=

You mean those pump and dump schemes involving a few people pumping the price and probably another few who get dumped on ? Hardly anything. Funny that your MP quote fits better in your arguments than mine.


Oh sorry, I didn't remember that autists may find it difficult to understand anything that is written in non-perfect grammar.

Oh well only like everyone with half a brain understands that speculative bubbles are caused mostly by psychological factors.

http://www.investopedia.com/terms/s/speculativebubble.asp

"While each speculative bubble has its own driving factors and variables, most involve a combination of fundamental and psychological forces. In the beginning, attractive fundamentals may drive prices higher, but over time behavioral finance theories suggest that people invest so as to not "miss the boat" on high returns gained by others. When the artificially high prices inevitably fall, most short-term investors are shaken out of the market after which the market can return to being driven by fundamental metrics."


BTW, by far the funniest thing here in this conversation is that in your _only_ argument you are equalizing Internet and dot com stocks.

Thank you for that arbitrary and completely unrelated Monty Python quote. Very creative and clever!

I dunno, too much coffee I guess.  

I'm not comparing the technologies, I'm comparing the speculative bubbles. I've seen people like Peter Schiff comparing dot com bubble to housing bubbles. Did Schiff sniff too much gold then?

What's it with these guys moaning that a year of downtrend is like the end of the world. Dot com bubble deflated for two years, so I wouldn't say that one year of downtrend after TWO superbubbles in 2013 is anything but a natural correction from the abysmal heights the superbubbles took us.

If we repeat the dot com bubble, there may still be a year of slow down trend towards 100$ - 200$. I'm not saying it will happen, but it's possible. And even if it happens, bitcoin will probably recover from it.

Is the end point of wave v same as the end point of wave b in the older post (below)? Or is that count valid anymore? To me it seems quite spot on! But then again, I may be missing something.

Don't be so crumpy all the time Shrooms. Sure it can still go down, like chessnut's ew analysis pretty much suggests, but don't you think the sentiment is changing? There have been many opportunities last few days for the bears to attack due to bad news, but for some reason the price hasn't dropped like a stone. I haven't been this excited for following the charts for a long time.

It will be up, because the recent bad news (fincen letters, btc swaps @ ath) haven't caused any kind of panic or even a notable drop. That probably indicates that the morale of traders has improved quite significantly.

Calm before the storm. And when it hits, the direction will be up.

It will be up, because the recent bad news (fincen letters, btc swaps @ ath) haven't caused any kind of panic or even a notable drop. That probably indicates that the morale of traders has improved quite significantly.

So quiet here. Must mean only one thing...

Looking at the bitfinex charts and btc swaps at ATH, for the first time ever, for a second, I thought that maybe I should jump aboard and SHOTR, because it seems so obvious at the moment. Good that I caught that thought and was able to rationalize it, because, I believe, that's exactly what someone(s) who are accumulating those swaps, want it to appear.

Hold on to your hats, because in a few days or weeks, we are going nowhere but up.



...or not, but that's not the end of the world.

Got it, thanks adam!

I think the capitulation is over and we have seen the bottom. Most of the weak hands have been shaken off yesterday and from now on the market is slowly building up momentum. To crash lower than 340$ again would require many whales to manipulate the market at the same time, or some really bad news to pop up unexpectedly. If I wasn't already all-in, I'd definitely go all-in NOW.

Seems so. If we break 420 today, it's quite probable that the bear trend is over and the very bottom was @ 339,79. Just slightly lower than my abp!

However, if 420 is not broken today, the bear trend may continue for quite some time, as there seems not to be shortage of sellers. Gosh I wish I had more spare fiat to buy moar.

Basis for my TA:

Workmate mentioned bitcoin back in 2010 or 2011, but I didn't research it properly. That's the single worst decision.

Also, I stumbled to it every now and then in 2012 and 2013, but waited until early november last year, before deciding to jump in, after some week or two "crashing my head against the wall" for realizing what amount of coins I would have if I had done my research back then.

Great work. I'm looking forward to these new figures as a rather fresh bitcoiner, wanting to know its position among other bitcoin owners.

Any chance making the data any more detailed? Like, could you present the data as a cumulative graph, with number of bitcoins as X-axis and percentage of owners as Y-axis.