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Bitcoin Forum > Economy > Economics > Speculation > Right now = end of the Aug. 2012 crash?
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Author Topic: Right now = end of the Aug. 2012 crash?  (Read 531 times)
chriswilmer (OP)
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June 09, 2013, 11:08:39 PM
 #1
Take a look!

http://bitcoincharts.com/charts/mtgoxUSD#rg60zig6-hourzczsg2012-07-15zeg2012-09-02ztgSzm1g10zm2g25zv

Sorry, this is what I meant:

http://bitcoincharts.com/charts/mtgoxUSD#rg60zigDailyzczsg2012-05-10zeg2012-11-09ztgSzm1g10zm2g25
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June 10, 2013, 12:54:42 AM
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It sure looks like it, but historic trends does not necessarily repeat itself.

That all said, I think we are in a downwards market ATM. Actually I am surprised that BTC have stayed so high for so long as it have this time. That may mean that the bottom will be higher than the $20-30 that one would expect comparing to historic trends and 2012.
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June 10, 2013, 01:29:35 AM
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Quote from: Malawi on June 10, 2013, 12:54:42 AM
It sure looks like it, but historic trends does not necessarily repeat itself.

That all said, I think we are in a downwards market ATM. Actually I am surprised that BTC have stayed so high for so long as it have this time. That may mean that the bottom will be higher than the $20-30 that one would expect comparing to historic trends and 2012.

Well said and pretty accurate but wouldn't be surprised if the bottom is $20-30.
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June 10, 2013, 01:48:07 AM
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Very, very similar. Sounds good to me since we all know what happens soon :>
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