mmitech (OP)
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Activity: 1148
Merit: 1001
things you own end up owning you
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December 18, 2013, 07:26:41 PM |
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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_RodrigueI 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 outLooks familiar ?
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humanitee
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December 18, 2013, 07:27:20 PM |
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..... .... Fucking kill me.
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| Whitepaper Medium Reddit
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MAbtc
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December 18, 2013, 07:28:30 PM |
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Awesome.
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Oldminer
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Activity: 1022
Merit: 1001
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December 18, 2013, 07:30:12 PM |
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HODL me
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jake23l
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December 18, 2013, 07:31:03 PM |
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I hate this thing.
But, I can't think of a more accurate description of "New Paradigm" than "we need to call it mBTC"
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mr_random
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December 18, 2013, 07:37:46 PM |
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You've been here long enough to know that picture gets posted every crash.
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wobber
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December 18, 2013, 07:40:06 PM |
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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.
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If you hate me, you can spam me here: 19wdQNKjnATkgXvpzmSrkSYhJtuJWb8mKs
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mmitech (OP)
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Activity: 1148
Merit: 1001
things you own end up owning you
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December 18, 2013, 07:41:57 PM |
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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
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Gabi
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If you want to walk on water, get out of the boat
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December 18, 2013, 07:48:18 PM |
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This is what, the fifth bubble bitcoin had? Boring.
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Wilhelm
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December 18, 2013, 07:56:10 PM |
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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
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Bitcoin is like a box of chocolates. You never know what you're gonna get !!
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escrow.ms
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Activity: 1274
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December 18, 2013, 08:00:11 PM |
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Hawker
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December 18, 2013, 08:37:20 PM |
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Wasn't that posted when we went over $8?
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Burt
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December 18, 2013, 08:40:33 PM |
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mapsi
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The World’s First Blockchain Core
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December 18, 2013, 08:47:54 PM |
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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.
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RodeoX
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The revolution will be monetized!
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December 18, 2013, 08:50:19 PM |
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If the chart is right we should see a drop to like $150. I think our mean is about $270 right now.
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Bobsurplus
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Making money since I was in the womb! @emc2whale
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December 18, 2013, 08:56:02 PM |
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Wasn't that posted when we went over $8?
And $30 and $100 and $200...lol
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thezerg
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December 18, 2013, 09:07:17 PM |
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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!
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po1992one
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December 18, 2013, 09:12:27 PM |
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This time it looks very convincing to me...
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Tzupy
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December 18, 2013, 09:16:36 PM |
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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.
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Sometimes, if it looks too bullish, it's actually bearish
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bitleif
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I'm always grumpy in the morning.
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December 18, 2013, 09:57:59 PM |
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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.
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