We are repeating 2012, not 2011

[rudius]

The rise of 2013 was much higher than the rise of 2012.  Some people keep speaking of the obvious "line" on the log chart. However I am having trouble finding this line and in fact I can draw several lines which would allow btc to go much lower than it is now before going up again. I have plotted a couple for reference.



The low volume and the lack of significant bid depth on mtgox that continues to fail to fill in above 125 seems to confirm my suspicion that it isn't ready to go higher at this point. I think this ordeal with the bid depth was an inflection point for this Jul-Aug rally.  

I find it very amusing to see such wrong prediction's...over and over again from the same FUDster's. Why do you waste valuable energy in something you do not believe in?

Great necro thread revival. Thank's.

I agree. This a big similarity with 2013.

[1714606982]

1714606982

[1714606982]

1714606982

[1714606982]

1714606982

[Ayers]

more like we are "repeating" 2014, i think price will shoot to 800 or around there, in the upcoming months, maybe at the end of the summer

[BitchicksHusband]

This looks really familiar, like the same things we are reading right now.

Don't forget the November bubble started about exactly 30 days after this on about October 16.

There is no similarity of 2014 to 2013. at all

Not even the same TERAbear?

[zzojar]

I have looked at that too, and feel we're probably repeating 2012, which means bitcoin will probably stay flat for several more months before it rises again

[UglyTroll]

Stay flat for several more months, and then a bad news hit, ......

[eoJ]

Generally helps if you make the scale actually to scale. It jumps much too fast, which obviously makes the growth in 2011 appear much faster.