|
ThatDGuy
|
 |
June 28, 2013, 09:54:28 PM |
|
I'm afraid I've lost my faith in Bitcoin. Somebody save me..
thats because you are reading the high price which is always volatile.. check out the monthly low price.. you will see there is a constant rise. the low price is more of the indicator of true value and growth indicators.. the high price is just pure speculation and should be ignored for long term investors  This was a fascinating chart and I checked out the numbers for BTC since 1/2011. Was shocked to see that this trend has continued for quite a while: Google Spreadsheet with Monthly Lows Summary DataInteresting findings: - 23 of 29 months since the beginning of 2011 have seen an increase in the monthly low price
- We are in the 16th consecutive month of an increased monthly low price.
- The average change from one monthly low price in this time period: +35.70%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
nottm28
|
|
June 28, 2013, 10:06:20 PM |
|
This was a fascinating chart and I checked out the numbers for BTC since 1/2011. Was shocked to see that this trend has continued for quite a while: Google Spreadsheet with Monthly Lows Summary DataInteresting findings: - 23 of 29 months since the beginning of 2011 have seen an increase in the monthly low price
- We are in the 16th consecutive month of an increased monthly low price.
- The average change from one monthly low price in this time period: +35.70%
Nice spreadsheet -even assuming the increase per month settles at only 10%/month, that would still see the price of BTC rise to around 160 USD in 6 months from now... |
donations not accepted
|
|
|
|
ThatDGuy
|
|
June 28, 2013, 10:44:58 PM |
|
This was a fascinating chart and I checked out the numbers for BTC since 1/2011. Was shocked to see that this trend has continued for quite a while: Google Spreadsheet with Monthly Lows Summary DataInteresting findings: - 23 of 29 months since the beginning of 2011 have seen an increase in the monthly low price
- We are in the 16th consecutive month of an increased monthly low price.
- The average change from one monthly low price in this time period: +35.70%
Nice spreadsheet -even assuming the increase per month settles at only 10%/month, that would still see the price of BTC rise to around 160 USD in 6 months from now... Thanks! I was surprised by a lot of the information. Seeing the percentage changes was pretty staggering. Out of curiosity, I also took the average decrease during the 4 consecutive months from 8/11 - 11/11 (-32%) and applied it to our current low of 88, just to test out a few months, and it showed a drop from: June - 88 July - 60 August - 41 September - 28 October - 19 Honestly I don't see it dropping below 50 on even the worst of slides, but if we do experience a similar set of consecutive lows for the next 4 months it would put us at $18/ BTC - which is still even with February's low of this year! |
|
|
|
|
Hippie Tech
aka Amenstop
Legendary
 Offline
Activity: 1624
Merit: 1001
All cryptos are FIAT digital currency. Do not use.
|
|
July 03, 2013, 06:27:28 PM |
|
The markets are losing it too. $71 USD and dropping...  |
|
|
|
|
fenican
|
|
July 03, 2013, 07:18:33 PM |
|
I'm afraid I'm lost my faith in Bitcoin. Somebody save me..
Quoted for year 2018, when Bitcoin is worth more than USD 100 .000 each (if USD still exists..) Do you think it will get back to $100.00 by 2018? |
|
|
|
|
ImI
Legendary
Offline
Activity: 1946
Merit: 1019
|
|
July 03, 2013, 10:18:23 PM |
|
why do you think coinbase is a "goldman sachs operation"?
It prolly is... "it's probably true therefore it must be true!"  its funny to see how everytime the btc price dips. those conspiracy-idiots come into play and are telling everybody that goldman sachs is the reason. |
|
|
|
|
ImI
Legendary
Offline
Activity: 1946
Merit: 1019
|
|
July 03, 2013, 10:24:15 PM |
|
I'm afraid I've lost my faith in Bitcoin. Somebody save me..
thats because you are reading the high price which is always volatile.. check out the monthly low price.. you will see there is a constant rise. the low price is more of the indicator of true value and growth indicators.. the high price is just pure speculation and should be ignored for long term investors +1 this Unfortunately I seem to buy higher than the lows.  I guess the new "low" should eventually catch up to my average bitcoin price I paid of $120. Hopefully anyways . . . When USD's reign is over (AND IT WILL)... CRYPTO will take the crown.. FIAT and cryptos can coexist for a long period of time, without any need for one of them to rule the other. its a silly understanding of things that there always has to be one thing/currency that rules the others. and yes cryptos will succeed, but its not written that it has to be BTC. BTC hat many flaws (i.e. 51%-problem) that remain unsolved and that makes it vulnerable. in fact the 51% issue and the possibility that the network gets stuck after a big price drop is a very strong argument against BTCs. when i first heard about BTC i was told that its unhackable, absolutely safe and reliable. now i know that its not so relialbe. the network could be easily attacked and wrecked... BTC will rise again and will succeed, but longterm another currency is needed. |
|
|
|
|
spartanmorning
Newbie
Offline
Activity: 10
Merit: 0
|
|
July 03, 2013, 10:50:08 PM |
|
I have great faith in Bitcoin's concept and the crypto behind it. I have no faith in the majority of Bitcoin's users and developers to have an inkling about who and what they're up against.
me too which perhaps is better lest they decide not to travel down the road otherwise. this thing needs numbers. |
|
|
|
|
|
peonminer
|
|
July 03, 2013, 11:00:06 PM |
|
The markets are losing it too. $71 USD and dropping... Show me where you see $71 USD. |
|
|
|
|
|
omgitsmehehe
|
|
July 03, 2013, 11:17:49 PM |
|
I'm afraid I've lost my faith in Bitcoin. Somebody save me..
thats because you are reading the high price which is always volatile.. check out the monthly low price.. you will see there is a constant rise. the low price is more of the indicator of true value and growth indicators.. the high price is just pure speculation and should be ignored for long term investors That constant low price rise each month is now something you can disregard. |
|
|
|
|
peonminer
|
|
July 03, 2013, 11:21:41 PM |
|
DAFAQ^^^^?
|
|
|
|
|
Hippie Tech
aka Amenstop
Legendary
Offline
Activity: 1624
Merit: 1001
All cryptos are FIAT digital currency. Do not use.
|
|
July 03, 2013, 11:23:30 PM |
|
The markets are losing it too. $71 USD and dropping... Show me where you see $71 USD. Oops.. I meant 81. lol and dropping.. |
|
|
|
|
Crypt_Current
|
|
July 03, 2013, 11:35:02 PM |
|
The markets are losing it too. $71 USD and dropping... Show me where you see $71 USD. Oops.. I meant 81. lol and dropping.. "dead cat bounce" now... almost back to 81 |
|
|
|
|
BIGMERVE
|
|
July 03, 2013, 11:58:40 PM |
|
This was a fascinating chart and I checked out the numbers for BTC since 1/2011. Was shocked to see that this trend has continued for quite a while: Google Spreadsheet with Monthly Lows Summary DataInteresting findings: - 23 of 29 months since the beginning of 2011 have seen an increase in the monthly low price
- We are in the 16th consecutive month of an increased monthly low price.
- The average change from one monthly low price in this time period: +35.70%
Nice spreadsheet -even assuming the increase per month settles at only 10%/month, that would still see the price of BTC rise to around 160 USD in 6 months from now... This is a good indicator I never considered. I'm glad you brought it up and it really makes sense. Even through all the shit and bad news bitcoins low point continues to rise. |
|
|
|
|
marvinrouge
|
|
July 04, 2013, 01:05:15 AM |
|
 Here is the chart of the monthly low since 01/11. I redraw it, you have the monthly low in blue, the increase rate in orange. |
|
|
|
|
vokain
Legendary
Offline
Activity: 1834
Merit: 1019
|
|
July 04, 2013, 01:17:38 AM |
|
Here is the chart of the monthly low since 01/11. I redraw it, you have the monthly low in blue, the increase rate in orange. Where'd you get the raw data for that? as in, how'd you get a list of all the data without manually entering in each day |
|
|
|
|
|
marvinrouge
|
|
July 04, 2013, 01:20:50 AM |
|
Here is the chart of the monthly low since 01/11. I redraw it, you have the monthly low in blue, the increase rate in orange. Where'd you get the raw data for that? as in, how'd you get a list of all the data without manually entering in each day I found the raw data in this thread, just above  Google Spreadsheet with Monthly Lows Summary Data |
|
|
|
|
|
marvinrouge
|
|
July 04, 2013, 01:29:06 AM |
|
Well... It was usless. I didn't see but there was already the same chart in the doc  |
|
|
|
|
Hippie Tech
aka Amenstop
Legendary
Offline
Activity: 1624
Merit: 1001
All cryptos are FIAT digital currency. Do not use.
|
|
July 04, 2013, 04:05:19 AM |
|
The markets are losing it too. $71 USD and dropping... Show me where you see $71 USD. Oops.. I meant 81. lol and dropping.. "dead cat bounce" now... almost back to 81 Or.. $63 CAD.. if you're sellin.  https://www.canadianbitcoins.com/ |
|
|
|
bitster
Newbie
Offline
Activity: 53
Merit: 0
|
|
July 04, 2013, 04:43:45 AM |
|
I know i lost my faith their is no real adoption in this economy the Chinese bitcoin video went on for weeks and has done nothing. Also the Winklevoss story, i dont think their idea will ever be approved anywhere. Dont get me wrong i like the idea i just dont think it will be approved as we know the US hates btc. It doesn't matter how good an idea like BTC is if the masses are to dumb to use it.
|
|
|
|
|
|
