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April 15, 2013, 07:29:11 AM Last edit: April 15, 2013, 08:11:00 AM by SlipperySlope |
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Professor,
Please take a close look at the price patterns leading up to Bitcoin Bubble 1 back in 2011. They are similar. Here is my analysis.
Bitcoin Bubble 1 December 2011
The way up ... 0.498 January 31, 2011 - 0.997 April 15 2011 - doubling time 74 days 1.99 April 28, 2011 - doubling time 13 days 3.98 May 10, 2011 - doubling time 12 days 7.97 May 13, 2011 - doubling time 3 days 15.95 June 4, 2011 - doubling time 22 days 31.90 The high on Wednesday, June 8, 2011 - doubling time 4 days
The way down ... 31.90 The high on Wednesday, June 8, 2011 15.95 June 11, 2011 halving time 3 days 7.97 August 5, 2011 halving time 55 days 3.98 October 7, 2011 halving time 63 days 2.20 November 14, 2011 halving time 38 days
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Bitcoin Bubble 2
The way up ... 4.16 December 19, 2011: 8.31 July 16, 2012 8.31 July 16, 2012 - doubling time 210 days 16.62 January 21, 2013 - doubling time 189 days 33.25 March 1, 2013 - doubling time 59 days 66.50 March 25, 2013 - doubling time 24 days 133.00 April 3, 2013 - doubling time 9 days 266.00 Wednesday, April 10, 2013 - doubling time 7 days
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