Lets see if you can read a simple graph.

[Walsoraj]

Log chart might be appropriate for spread or adoption of the underlying technology but not the fiat price of a single instance of the technology.

idiots w/ their log charts.

[Chalkbot]

Did I nail it? Is there a prize?

[Peter Lambert]

Log chart might be appropriate for spread or adoption of the underlying technology but not the fiat price of a single instance of the technology.

idiots w/ their log charts.

The price moved from $1 to $10, that was huge! The price moves from $133 to $142 nobody blinks an eye. Why are they shown the same on the chart if they produce such vastly different responses? Therefore, log charts are useful.

[Walsoraj]

Log chart might be appropriate for spread or adoption of the underlying technology but not the fiat price of a single instance of the technology.

idiots w/ their log charts.

The price moved from $1 to $10, that was huge! The price moves from $133 to $142 nobody blinks an eye. Why are they shown the same on the chart if they produce such vastly different responses? Therefore, log charts are useful often misleading for the reasons you mention, Walz.

Yea i kno, right?

[notme]

Did I nail it? Is there a prize?

That's how I read it, but EM wants you to see us at "return to normal" rather than "return to mean".

[CoinDiver]

Log chart might be appropriate for spread or adoption of the underlying technology but not the fiat price of a single instance of the technology.

idiots w/ their log charts.

Please explain how "spread or adoption" is not proportional to price at this stage.

[ElectricMucus]

Interesting I expected the -- I refuse to vote -- option to be far more popular.

[Peter Lambert]

Log chart might be appropriate for spread or adoption of the underlying technology but not the fiat price of a single instance of the technology.

idiots w/ their log charts.

The price moved from $1 to $10, that was huge! The price moves from $133 to $142 nobody blinks an eye. Why are they shown the same on the chart if they produce such vastly different responses? Therefore, log charts are useful often misleading for the reasons you mention, Walz.

Yea i kno, right?

I am confused, are you agreeing with me or disagreeing with me?

[ElectricMucus]

The illustration isn't supposed to be logarithmic so this debate is irrelevant.

[ElectricMucus]

Did I nail it? Is there a prize?

So Enthusiasm is at the same height as Despair? How does that work out?

Is Bitcoin bipolar?

[Peter Lambert]

Is Bitcoin bipolar?

Yes

[Chalkbot]

Did I nail it? Is there a prize?

So Enthusiasm is at the same height as Despair? How does that work out?

Is Bitcoin bipolar?

I guess you're operating under the assumption that the graph will fit every bubble market ever at a 1:1 scale?

That is, if we can set aside the fact that our bubble started around $13, and that would mean "despair" would need to be a negative number to hold these proportions. I can't come up with a scenario where that would make sense, but I'd like to hear yours. Tell me what is going to make me pay someone, what would apear to be $20 or $30 a piece, to take my bitcoins, and I'll consider your point fair.

[Spekulatius]

@ Mucus: Sry, but your chart is rigged. Change the time interval and vote again.

[Zaih]

You never cease to make yourself look stupid.

[dserrano5]

Interesting I expected the -- I refuse to vote -- option to be far more popular.

Yeah so did I. It's not too poor either so I'm satisfied .

[ElectricMucus]

Did I nail it? Is there a prize?

So Enthusiasm is at the same height as Despair? How does that work out?

Is Bitcoin bipolar?

I guess you're operating under the assumption that the graph will fit every bubble market ever at a 1:1 scale?

That is, if we can set aside the fact that our bubble started around $13, and that would mean "despair" would need to be a negative number to hold these proportions. I can't come up with a scenario where that would make sense, but I'd like to hear yours. Tell me what is going to make me pay someone, what would apear to be $20 or $30 a piece, to take my bitcoins, and I'll consider your point fair.

I have two answers for you:

First, consider the average Bitcoin be representative of a certain part of a defaulted bank loan, that would push it into the negative territory. That doesn't mean people actually pay money to get rid of their coins on the open market but rather they do so to get rid of their debt. I think the number of people who leveraged their way into their Bitcoin holdings is alarmingly high, and even some of the prominent Bulls in this forum agree with me on that. (Cypherdoc for example, correct me if I'm wrong )

Second, I think Despair just is supposed to be below the mean, which in turn should match the non-bubble market loosely. Where ever that is in the case of Bitcoin we would still have to find out.
If you extrapolate the stable episodes it should be around 10-20 Dollar, more or less depending on the news.

[ElectricMucus]

@ Mucus: Sry, but your chart is rigged. Change the time interval and vote again.

No, I think it's just right.
We can argue if "First Sell off" was in 2011 or 2012 but they are clearly visible either way.

But resetting the poll is an interesting idea, I will do that once we got some significant market movement in a month or so.

[Miz4r]

I think the number of people who leveraged their way into their Bitcoin holdings is alarmingly high, and even some of the prominent Bulls in this forum agree with me on that. (Cypherdoc for example, correct me if I'm wrong

This I can agree with and it's a point that makes me feel that a real crash to $10 or so would be a good thing. It would hurt me as well but to see those morons get flushed out of the system like that more than makes up for the loss. But I'm afraid the momentum for that to happen is gone now, sadly not all human stupidity gets appropriately punished. If that were true we wouldn't have as many of them.

[afbitcoins]

So that peak is supposed to equate to new paradigm ?

Doesn't work for me. I think we're still in the early take off, before long the peak will be another little ripple, just like the 2011 one is now. Its quite hard to think bitcoins is anything other than a very promising fledgling technology at the minute.

[telemaco]

So that peak is supposed to equate to new paradigm ?

Doesn't work for me. I think we're still in the early take off, before long the peak will be another little ripple, just like the 2011 one is now. Its quite hard to think bitcoins is anything other than a very promising fledgling technology at the minute.

It is not even in the graph. We are like in 2009. It still have to grow x1000 (and even more later)