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Author Topic: Looks more and more like a 2011 repeat  (Read 14951 times)
manfred (OP)
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June 09, 2013, 09:14:11 PM
Last edit: June 10, 2013, 10:06:39 AM by manfred
 #1


Both 9 month range peak aligned
auzaar
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June 09, 2013, 09:25:33 PM
 #2

That is a good news, it means 2015 it will touch 2000
ildubbioso
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June 09, 2013, 09:27:23 PM
 #3

Where are the true speculators? We have a highly volatile, almost predictable market here.
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June 09, 2013, 09:58:37 PM
 #4

price will stay over 100 dollars for sure.
Odalv
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June 09, 2013, 10:14:31 PM
 #5

price will stay over 100 dollars for sure.
price will stay over 10,000 dollars for sure. (time frame 3 1/2 year)
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June 09, 2013, 10:17:02 PM
 #6

Bubbles, bubbles never change.
keewee
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June 09, 2013, 10:17:09 PM
 #7

price will stay over 100 dollars for sure.


1keewee2vRp63UWvPBynT55ZYw6SUCKDB
Stephen Gornick
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June 09, 2013, 11:03:29 PM
 #8


Wow, those two fit nicely!

What's interesting is that June 2013 is unlike Aug 2011 and there aren't many this time who are calling Bitcoin a failed experiment / dead.  :-)   [Edited: to put in dates]

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N12
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June 09, 2013, 11:05:07 PM
 #9


Wow, those two fit nicely!

What's interesting in there are few who are calling Bitcoin dead this time.  :-)
People didn't start calling Bitcoin dead until Oct./Nov. Sentiment extreme occurs only near the bottom.
chriswilmer
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June 09, 2013, 11:07:48 PM
 #10

It looks to me more like a repeat of the Aug. 2012 mini-crash.

http://bitcoincharts.com/charts/mtgoxUSD#rg60zig6-hourzczsg2012-07-15zeg2012-09-02ztgSzm1g10zm2g25zv
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June 09, 2013, 11:13:37 PM
 #11


Oops, I meant this date range:

http://bitcoincharts.com/charts/mtgoxUSD#rg60zigDailyzczsg2012-05-10zeg2012-11-09ztgSzm1g10zm2g25
wachtwoord
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June 09, 2013, 11:15:06 PM
 #12

iirc Bitcoin prices weren't negative before May 2013. If they were negative I would have snapped them indefinitely and stored the associated fiat in a warehouse Tongue
manfred (OP)
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June 10, 2013, 06:53:50 AM
 #13

iirc Bitcoin prices weren't negative before May 2013. If they were negative I would have snapped them indefinitely and stored the associated fiat in a warehouse Tongue
Its a simple patten overlay and the 2013 price is not shown only the flow pattern. Current price isn't 12 either. Very elementary and simple to understand, but i guess still to technical for some.
Crypt_Current
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June 10, 2013, 07:13:57 AM
 #14


I'm seeing a lot of comparison of our current situation to both 2011 and the August 2012 fiasco that was due mostly to PirateAt40's scam ...

The 2011 situation was caused by all-out massacre consisting mostly of rampant hacks and horrid press:  Blood flowed through the streets.

August 2012 was not so bloody at all, and I think there is not much blood here either.

So, question is (mostly for bears -- always needing the answer to that "Why?"):
Who's behind the "scam" this time :-D ?

The posting of a picture of a fake (and inaccurately dated) Gox email by notorious BTC-e user "fontas" is an interesting theory...

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mmortal03
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June 10, 2013, 07:24:07 AM
 #15


The end of October 2012, at the end of your chart there, was the last time before yesterday that we went below the 100 day SMA. Just an important point in market psychology. Here it is from then until now:

notme
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June 10, 2013, 12:26:00 PM
 #16

iirc Bitcoin prices weren't negative before May 2013. If they were negative I would have snapped them indefinitely and stored the associated fiat in a warehouse Tongue
Its a simple patten overlay and the 2013 price is not shown only the flow pattern. Current price isn't 12 either. Very elementary and simple to understand, but i guess still to technical for some.

That's the problem.  There is no valid technical explanation for this plot.  It is an arbitrary alignment of two different data series.  What's the reason you didn't align the beginning of the run up?  Let me guess, you tried that but it didn't support your point well enough.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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June 10, 2013, 01:05:53 PM
 #17

iirc Bitcoin prices weren't negative before May 2013. If they were negative I would have snapped them indefinitely and stored the associated fiat in a warehouse Tongue
Its a simple patten overlay and the 2013 price is not shown only the flow pattern. Current price isn't 12 either. Very elementary and simple to understand, but i guess still to technical for some.

No it's not too technical. I was trying to tell you this is complete bullshit in a less direct, more subtle manner.
manfred (OP)
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June 10, 2013, 01:58:38 PM
 #18


Aligned with beginning of run-up, not peak
naphto
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June 10, 2013, 02:06:39 PM
 #19

That is a good news, it means 2015 it will touch 2000


Does not even mean that it will ever be possible to be > 300 usd.
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June 10, 2013, 02:19:37 PM
 #20


Aligned with beginning of run-up, not peak

So the price will run up to 120 then crash. Got it. Buy now and sell later Tongue

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