There will be no recovery

[esse83]

http://imgur.com/ULD8oWD


Chart tried to duplicate post-april recovery, but failed. The chart is looking more like 2011 which brought us down from ~$32 to $2, a drop of ~95%. Price should therefore correct itself to about $50-60.

I dare anyone to refute this empirical fact.

Happy Easter!

[frienemy]

Ah, I remember there has never been a recovery from the low in 2011... 

BTW another empirical fact: You did a very bad job in comparing these charts graphically

[esse83]

Ah, I remember there has never been a recovery from the low in 2011... 

BTW another empirical fact: You did a very bad job in comparing these charts graphically

Guess I stand corrected

[davidgdg]

If you want to play that game ...  $2 was still well over the previous peak of about $ 1.20. So that gives us a low this time around of about $400 ie well over the previous peak of $260.

[esse83]

If you want to play that game ...  $2 was still well over the previous peak of about $ 1.20. So that gives us a low this time around of about $400 ie well over the previous peak of $260.

Then by all means buy your cheap coins now We will see who is right. Still the fact remains that the recovery failed to induce another pump to the moon. Instead it keeps going down. The opposite of post-april crash last year.

[frienemy]

Well, but every bubble is different. I can tell that by having observed a jacuzzi for quite a long time. If thee jacuzzi is big enough, you sometimes even see double bottoms and then bubbles.

[esse83]

Well, but every bubble is different. I can tell that by having observed a jacuzzi for quite a long time. If thee jacuzzi is big enough, you sometimes even see double bottoms and then bubbles.

Yessir! All Im claiming is that comparison with last year is no longer valid when it comes to recovery. Perhaps my title should have been "There will be no post-april 2013 recovery"

[magicmexican]

I dare anyone to refute this empirical fact.
Happy Easter!

How about a 1 btc bet?

[esse83]

I dare anyone to refute this empirical fact.
Happy Easter!

How about a 1 btc bet?

I would never bet with what I don't have Also the empirical fact Im speaking of is the chart comparison (a fact can never be about the future as it has not happened yet).

[esse83]

http://imgur.com/ny0FRT9

Here is another super duper fancy chart fact - its only getting steeper. Bulls make your case! 

[knightcoin]

no recovery

not ever, it's called entropy, death and tax

[Jettison86]

I dare anyone to refute this empirical fact.
Happy Easter!

How about a 1 btc bet?

I would never bet with what I don't have Also the empirical fact Im speaking of is the chart comparison (a fact can never be about the future as it has not happened yet).

So, you have no vested interest in BTC? And, you're trying to save us instead?  So kind. 

[Bit_Happy]

Cannot compare to 2011/2012, since the BTC economy is much stronger now.
Currently above $412.
Solid recovery in progress today. 

[superduh]

If you want to play that game ...  $2 was still well over the previous peak of about $ 1.20. So that gives us a low this time around of about $400 ie well over the previous peak of $260.

Then by all means buy your cheap coins now We will see who is right. Still the fact remains that the recovery failed to induce another pump to the moon. Instead it keeps going down. The opposite of post-april crash last year.

the post april crash took 6+ months to recover from

[eoJ]

If you want to play that game ...  $2 was still well over the previous peak of about $ 1.20. So that gives us a low this time around of about $400 ie well over the previous peak of $260.

Then by all means buy your cheap coins now We will see who is right. Still the fact remains that the recovery failed to induce another pump to the moon. Instead it keeps going down. The opposite of post-april crash last year.

the post april crash took 6+ months to recover from

True, but it went up after the initial crash - the market moves in phases, climbs, drops and steadiness. I'd say we're heading up to $500 in the next ~2 weeks, and then sitting around there for a few months. You need some time for the market to calm down so people have time to actually use Bitcoin, strengthen things and iron out problems based on lessons learned during the boom and crash periods, and to stop people becoming bored of the topic. Then the foundations are set for another boom.

[UnDerDoG81]

OMG I have to panic sell now, thanks OP.

[ampere9765]

If you want to play that game ...  $2 was still well over the previous peak of about $ 1.20. So that gives us a low this time around of about $400 ie well over the previous peak of $260.

Then by all means buy your cheap coins now We will see who is right. Still the fact remains that the recovery failed to induce another pump to the moon. Instead it keeps going down. The opposite of post-april crash last year.

the post april crash took 6+ months to recover from

wat

Crashed 2nd week of April --> final bottom first week of July

[glendall]

Weird, in the last couple of months, the forums have changed. There is no a constant flow of people saying bitcoin will fail. It's pretty annoying.  I don't understand if you are so sure bitcoin is going to fail, why spend so much time posting here?

[Bit_Happy]

Weird, in the last couple of months, the forums have changed. There is now a constant flow of people saying bitcoin will fail. It's pretty annoying.  I don't understand if you are so sure bitcoin is going to fail, why spend so much time posting here?

Just a standard troll invasion, trying to make the Bear market worse.
Some/many of them are here during the up cycle, but they get buried by all the "happy" threads.

[cooldgamer]

The charts aren't going to repeat themselves exactly, different circumstances make different things happen.  We've seen BTC recover from every crash so far, so HODL and enjoy the ride