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Author Topic: bitcoin 2017're back at the starting point?  (Read 457 times)
stevano (OP)
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March 06, 2017, 12:24:40 AM
 #1

if I see from the graph chart is very similar to the price at the beginning of bitcoin chart launched in 2013

What is your response to this?
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AngryDwarf
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March 06, 2017, 12:46:41 AM
 #2

Look at a chart that goes further back than 2013.

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Do not allow demand to exceed capacity. Do not allow mempools to forget transactions. Relay all transactions. Eventually confirm all transactions.
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March 06, 2017, 12:51:47 AM
 #3

Without ever looking at a chart, I have to say it certainly feels like 2013, except I think the price rose a hell of a lot quicker than now.  We keep gaining and then plateauing for a while.  I don't know what that means exactly, but I'm hoping it means the gains are sustainable.  They definitely were NOT in 2013.  Nothing that rises that fast ever has been sustainable.  Not the NASDAQ in 1999, not tulips in the 1600's, not anything.

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AngryDwarf
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March 06, 2017, 01:02:05 AM
 #4

Back then, bitcoin shot up to well over $1000 in a short time after only being worth a few cents, making a pizza delivery boy very rich in the process Smiley
It was a speculative bubble, and the only way was down from there. We have recovered prices to new highs, but his has not been an overnight process.
So no, I don't think it feels like 2013. Past performance is no guide to future performance so we can only speculate where it will go from here.
If the ETF gets approval, things might very well feel like 2013. It could definitely have that speculative bubble feel. Could be talking silly prices with only one way for it go afterwards again.

Scaling and transaction rate: https://bitcointalk.org/index.php?topic=532.msg6306#msg6306
Do not allow demand to exceed capacity. Do not allow mempools to forget transactions. Relay all transactions. Eventually confirm all transactions.
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March 06, 2017, 02:59:24 AM
 #5

if I see from the graph chart is very similar to the price at the beginning of bitcoin chart launched in 2013

What is your response to this?

This time the bitcoin turn into a little bubble. All of the bitcoiners are betting on the 11 march and the upcoming news about the etf approval. it's really different with 2013. In this time there is not chinese for manipulating the price of bitcoin.  Grin

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March 06, 2017, 04:15:43 AM
 #6

if I see from the graph chart is very similar to the price at the beginning of bitcoin chart launched in 2013

What is your response to this?

This time the bitcoin turn into a little bubble. All of the bitcoiners are betting on the 11 march and the upcoming news about the etf approval. it's really different with 2013. In this time there is not chinese for manipulating the price of bitcoin.  Grin
I agree, this situation wont be the same which do happen on back 2013 since there are no already manipulators on bitcoins price which means this price would somehow stable compared on the past.If theres any event it may affect the price but not much on crashing it to the bottom.

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March 06, 2017, 04:31:48 AM
 #7

if I see from the graph chart is very similar to the price at the beginning of bitcoin chart launched in 2013

What is your response to this?

my response is that you either need to change your glasses or you are looking at the wrong place. because there is no similarity between 2013 and 2017 bitcoin price charts other than the ATH price.





go find a 6 year old kid and ask him/her if they think these two pictures are similar or not!

Buying the dip...
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