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Tronlet
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April 08, 2013, 12:14:08 PM |
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Here's another to show how ridiculous the situation is right now.
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as a professional value trader that worked at JP Morgan Chase I know that exponential rises are usually accompied with strong fundamentals that support it so just be a believer proudhon, it's all we believers ask of you join us Prove you worked for JP Morgan. Scan some proof and show us. Wopwop's a bit of a troll, check their post history. |
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alexh
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Activity: 183
Merit: 10
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April 08, 2013, 12:16:06 PM |
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The current price increase is indeed ridiculous, will see how that goes.
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wopwop
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April 08, 2013, 12:19:51 PM |
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prof7bit
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April 08, 2013, 12:25:15 PM |
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There have been *much* crazier weeks in 2010/2011 than we have today. Price is still not growing as fast as it has during previous years, actually it has slowed down a lot.
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wopwop
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April 08, 2013, 12:26:31 PM |
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There have been *much* crazier weeks in 2010/2011 than we have today. Price is still not growing as fast as it has during previous years, actually it has slowed down a lot.
yeah  |
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proudhon
Legendary
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Activity: 2198
Merit: 1311
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April 08, 2013, 12:26:36 PM |
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Here's another to show how ridiculous the situation is right now.  There is a button "log scale" on the upper right side. click it to get a proper scaling of the y-axis. Why should anyone consider log-scale the proper scale? The price has moved sharply up over a short period of time, and the price history looks less crazy when viewed in log-scale, but surely that can't be the reason to expect growth to be sustainable at this rate. |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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conspirosphere.tk
Legendary
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Activity: 2352
Merit: 1064
Bitcoin is antisemitic
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April 08, 2013, 12:26:45 PM |
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Just received this from a friend. It could come handy when the parabolic ascent ends in a vertical drop:
Timothy 6:10
But the root of all these evils is the love of money, and there are some who have desired it and have erred from the faith and have brought themselves many miseries.
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prof7bit
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April 08, 2013, 12:28:00 PM |
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Why should anyone consider log-scale the proper scale?
Because its the proper scale for these things. Ask your math teacher tomorrow in school. |
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wopwop
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April 08, 2013, 12:29:44 PM |
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Just received this from a friend. It could come handy when the parabolic ascent ends in a vertical drop:
Timothy 6:10
But the root of all these evils is the love of money, and there are some who have desired it and have erred from the faith and have brought themselves many miseries.
cyberchrist brought us bitcoin |
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proudhon
Legendary
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Activity: 2198
Merit: 1311
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April 08, 2013, 12:30:41 PM |
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Why should anyone consider log-scale the proper scale?
Because its the proper scale for these things. Ask your math teacher tomorrow in school. Ok, still looks like a bubble in log-scale. |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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Roger_Murdock
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April 08, 2013, 12:31:59 PM |
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I'm more worried about the sellers. What do THEY know? Why else would anyone let go of their coins so cheaply? It's crazy.
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mp420
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April 08, 2013, 12:32:36 PM |
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Ok, still looks like a bubble in log-scale.
Yes. |
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proudhon
Legendary
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Activity: 2198
Merit: 1311
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April 08, 2013, 12:33:15 PM |
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I'm more worried about the sellers. What do THEY know? Why else would anyone let go of their coins so cheaply? It's crazy.
Because this looks like a crazy bubble about to pop. |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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conspirosphere.tk
Legendary
Offline
Activity: 2352
Merit: 1064
Bitcoin is antisemitic
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April 08, 2013, 12:34:14 PM |
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Ok, still looks like a bubble in log-scale.
Yes. OK, it looks like a bubble, but it quacks like a bubble? |
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mp420
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April 08, 2013, 12:36:18 PM |
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I'm more worried about the sellers. What do THEY know? Why else would anyone let go of their coins so cheaply? It's crazy.
Because this looks like a crazy bubble about to pop. Actually, I think most sellers are selling because they need the fiat, or because they have concluded they're overinvested in BTC. Both are extremely good reasons to sell. |
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dopamine
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April 08, 2013, 12:41:38 PM |
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When we are over 300 will you keep saying the bubble is about to pop?
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Bitcoinica still has not given me 50% of my claim of 600 BTC
INTERSANGO can go down with bitcoinica for abandoning customers
Alberto Armandi is a SCAMMER
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wopwop
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April 08, 2013, 12:42:40 PM |
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When we are over 300 will you keep saying the bubble is about to pop?
he'll probably convert to a believer by then we gotta bring him the salvation if cyberchrist cant |
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mp420
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April 08, 2013, 12:43:31 PM |
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When we are over 300 will you keep saying the bubble is about to pop?
I think the bubble will reach at least $250, possibly even a much higher price. This does not make it not a bubble. |
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wopwop
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April 08, 2013, 12:44:24 PM |
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When we are over 300 will you keep saying the bubble is about to pop?
I think the bubble will reach at least $250, possibly even a much higher price. This does not make it not a bubble. bitcoin's price is based on fundamentals such as high market value in a tight economy |
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