SlipperySlope's Bubble Collapse Journal

[oda.krell]

So we're charting weekly candles now. Guess the daily charts don't look similar enough anymore...

I've been saying the same thing pretty much over and over again since about May: I don't claim to know how long the correction/bubble deflation will take eventually, maybe it will as drawn out as in 2011, but pretending the post-peak price development in 2013 is identical or nearly identical to 2011 is delusional.

There were, from day 1, substantial differences, and it didn't take a genius to see them.

Please note: that doesn't mean the correction is over. For all I know, we might go down again, to hit a new capitulation bottom. I'm not predicting the future here, I'm just stating the obvious (well, obvious to the unbiased observer): 2011 and 2013 look pretty different. How to interpret that is another matter.

Anyway, here's the updated chart. Still essentially the same, huh? /s

[1714022230]

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[afbitcoins]

Have updated SlipperySlopes's long term chart here,



The most recent bit doesn't look like its read the script to me

[Odalv]

Have updated SlipperySlopes's long term chart here,



The most recent bit doesn't look like its read the script to me

In January 2014

[Rampion]

Good call Odalv

[RationalSpeculator]

Good call Odalv

Thanks for bringing to my attention. Indeed he called the rally very well. In fact, he was even more precise.

Odalv, added your great call to my list of track records.

[Impaler]

The bubble collapse has been stalled by liquidity on Mt. Gox and the continuing distribution of ASICs.  I've said a million times now, we will not find the durable bottom until the profitability is squeezed out of mining, hashing peaks and consistent downward selling pressure of new coins can be weighed against the markets sustainable purchasing power.  Other exchanges have been moving horizontally on low volume and only move up to keep the arbitrage gap between them and Gox in the 10%-20% range.

[S3052]

You are talking about the wrong asset.
Bitcoin is not in a bubble.
Stocks and precious metals are.

[Rampion]

You are talking about the wrong asset.
Bitcoin is not in a bubble.
Stocks and precious metals are.

Where did the blue go?

[S3052]

You are talking about the wrong asset.
Bitcoin is not in a bubble.
Stocks and precious metals are.

Where did the blue go?

ran out of blue ink. Just bought some more with bitcoins :-)