the " stage of a buble" looking so accurate

[mmitech]

HODL GUYS, we are going to fly without China


I was buying all the way, I am out of FIAT, as much as that Chart is scary but I think Bitcoin is a whole different story....

[JimboToronto]

you guys are looking at the wrong chart... btc needs to be in log scale... we are just to the point of "take of" on log scale...


we have years and years to go....

+1

[klovishey]

The log chart looks less scary, but I believe the bubble graph typical example is intended for no log scale

[JimboToronto]

the bubble graph typical example is intended for no log scale

That's why it's not applicable.

[mmitech]

[outofservice]

From this chart can is it safe to say yesterdays low of $380 won't be seen again?

Anymore dips below $500 before Christmas?

[mmitech]

From this chart can is it safe to say yesterdays low of $380 won't be seen again?

Anymore dips below $500 before Christmas?

I have no Idea, Bitcoin is unpredictable, we are just speculating, so if there will be no more bad news and if the trend will continue this way, I think we are recovering slowly, if I think there will be new lows ?  the best thing is to spread the risks, you buy some now , you open some low orders just in case and you keep some fiat in standby for fast reaction, at least this is what I've done lately....

[outofservice]

From this chart can is it safe to say yesterdays low of $380 won't be seen again?

Anymore dips below $500 before Christmas?

I have no Idea, Bitcoin is unpredictable, we are just speculating, so if there will be no more bad news and if the trend will continue this way, I think we are recovering slowly, if I think there will be new lows ?  the best thing is to spread the risks, you buy some now , you open some low orders just in case and you keep some fiat in standby for fast reaction, at least this is what I've done lately....

That's what I did yesterday as it dipped. Miss the $400 mark but got in at $500 and kept a little fiat in the event it goes to or below $450 again.
Right now I don't see that happening but I've got my fingers crossed for Sunday to Tuesday, I'm thinking Christmas slows things down enough it dips again.

[mmitech]

Can you explain how you made this chart?

I dont know what you mean by "how", I made it out of speculation....

[Wilhelm]

Can you explain how you made this chart?

MS Paint

[Hunterbunter]

Can you explain how you made this chart?

I'm going to guess and say bitcoinwisdom.com and photoshop/mspaint.

[mmitech]

Can you explain how you made this chart?

MS Paint

greenshot, it is an open source and free program you can download, it is cool you can edit and upload directly to imgur

[evolve]

You have to be really stupid to believe that a log chart shows different information than a linear chart.

this:


is exactly the same as this:




They show the EXACT SAME information. All the crowing about log charts on this forum is asinine.

That aside, if you actually believe that bitcoin has not had several bubbles, and is not at the tail end of one that just popped, you are either extremely naive or downright mentally retarded. 

[cr1776]

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.

Nailed it.

[GriTBitS]

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

I get depressed if it isn't posted at least twice monthly.

dude forbes just posted that fucking stupid ass chart again too

http://www.forbes.com/sites/jessecolombo/2013/12/19/bitcoin-may-be-following-this-classic-bubble-stages-chart/

[mmitech]

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

I get depressed if it isn't posted at least twice monthly.

dude forbes just posted that fucking stupid ass chart again too

http://www.forbes.com/sites/jessecolombo/2013/12/19/bitcoin-may-be-following-this-classic-bubble-stages-chart/

holy shit, did he just copy my thread ?   I feel guilty now

[WompRat]

Wow that’s some lazy ass journalism.  Even if Bitcoin returns to $100, perhaps they would like to name a fund, stock, asset or anything else that has had a better ROI in the last 12 months.  This may be the start of the end, but it is way too early to make that call yet.

That’s why I personally like the log chart. It better reflects the reality of what is happening.  Even if you bought at $1200 there is an exceedingly good chance that we will be past that in 12 months in my opinion.  I have been trying to find an example of something else that has behaved with so much volatility with spikes, dips and rapid recoveries, but I am not having much luck so far. 

[cAPSLOCK]

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

I get depressed if it isn't posted at least twice monthly.

dude forbes just posted that fucking stupid ass chart again too

http://www.forbes.com/sites/jessecolombo/2013/12/19/bitcoin-may-be-following-this-classic-bubble-stages-chart/

As overwhelmingly compelling the bubble chart and reality is...  ^^^THAT is a contrarian indicator IMO.

[nicolaennio]

What I do not get is that there have been so many times where bitcoins were crashing and this "bubble chart" was not applying and now that we did not even know if we are in the "popping bubble" phase, everyone is quick to fit that chart.

Looks like a sort of investor's fallacy here but of course, if people believe that, they should sell.