the " stage of a buble" looking so accurate

[mmitech]

so in wikipedia there is an article for the chart look of a classic bubble stage, it is from Jean-Paul Rodrigue source http://en.wikipedia.org/wiki/Jean-Paul_Rodrigue

I hate to admit that as much as I hate watching the "stage of a bubble chart", it seems so F%&$/!? accurate, Is Bitcoin a different story ?




from bitcoinwisdon 1d zoom out





Looks familiar ?

[humanitee]

.....
....
Fucking kill me.

[MAbtc]

Awesome.

[Oldminer]

HODL me 

[jake23l]

I hate this thing.

But, I can't think of a more accurate description of "New Paradigm" than "we need to call it mBTC"

[mr_random]

You've been here long enough to know that picture gets posted every crash.

[wobber]

I hate this thing.

But, I can't think of a more accurate description of "New Paradigm" than "we need to call it mBTC"

Exactly.

[mmitech]

You've been here long enough to know that picture gets posted every crash.

yes but no one ever zoomed out, we are watching the whole year at this picture, I dont want to believe the content, I want to believe that Bitcoin is something different but watching it scare me all the time

[Gabi]

This is what, the fifth bubble bitcoin had? Boring.

[Wilhelm]

HODL on I know this chart .... where have I seen it before   Ow wait in every topic posted  


EDIT: Inb4 we're in the first selloff

[escrow.ms]

[Hawker]

Wasn't that posted when we went over $8? 

[Burt]

[mapsi]

sigh btc isnt your traditional commodity. to try and characterize crypto whould def need an extended chart and much more then a couple years of speculation. This drop is strictly due to China pulling back. To try and say it was foresaw via a chart s ridiculous. 

[RodeoX]

If the chart is right we should see a drop to like $150. I think our mean is about $270 right now.

[Bobsurplus]

Wasn't that posted when we went over $8? 

And $30 and $100 and $200...lol

[thezerg]

sigh btc isnt your traditional commodity. to try and characterize crypto whould def need an extended chart and much more then a couple years of speculation. This drop is strictly due to China pulling back. To try and say it was foresaw via a chart s ridiculous. 

not so ridiculous... note the "return to normal" reference.  This rise was played out.  If it hadn't been the China news it would have been something else.

My estimation is that this is the big one.  There may be a quick "return to normal" rise, but the Chinese companies dropping BTC acceptance is the interpretation of the Central bank ruling that we all didn't want.  It is going to be hard for BTC to take a significant amount of the international B2B trade if this major export country won't accept it.

Still, I haven't cracked my cold wallet so will be happy no matter what happens...

See you back at the L1 exponential line -- its still an AMAZING rate of growth!

[po1992one]

This time it looks very convincing to me...

[Tzupy]

Usually I find that picture misleading, but now it looks uncanny...
Maybe more important is that the 1d MACD has now turned negative after a long time.

[bitleif]

The graph is actually quite accurate.

Except in EVERY bitcoin bubble so far, the after-bubble price has been much higher than the incoming price.

In other words, the grey "mean" line at the bottom should be sloping much steeper upwards.