GigaCoin (OP)
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Giga
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February 05, 2014, 11:27:03 PM
Last edit: February 05, 2014, 11:47:22 PM by GigaCoin |
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Thought i'd share this chart, compiled by litepresence a libertarian and excellent chart analyst who has been spot on pretty much every time. He has called every Bitcoin/Litecoin crash/correction since i've known him with amazing accuracy. This doesn't mean that the figure will be exactly $500, but it certainly means we are going to have a large dip within this month (followed by a bullish longterm trend). Basically what this chart says is that February 2014 (potentially delayed to March) will play out similar to June 2013.  |
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wobber
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February 05, 2014, 11:30:48 PM |
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Nice and true.
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If you hate me, you can spam me here: 19wdQNKjnATkgXvpzmSrkSYhJtuJWb8mKs
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glendall
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Sugars.zone | DatingFi - Earn for Posting
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February 06, 2014, 01:19:30 AM |
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Don't agree. My pet theory is that we had the first two bubbles which were bubbles, and this last so-called-bubble wasn't a bubble or a crash. I think of it more of a popularity boom, with big thanks to China.
Main reason I don't describe it as a bubble: the first and second bubbles the price rose too fast too soon, and also, Gox had a big part to play in both. This third not-bubble, I don't think the ATH price was unwarranted, I think it is was only supply and demand working well.
I did not see a crash happen and I don't see us going lower than $600, which is not a crash imho.
Further predictions (really out of a hat) : I think we will a bubble this summer, that will be a bubble (the 3rd god damnit!) with an ATH of $2400 falling to a then stable for another year price of $1600 - $1800. That will probably be seen as bearish.... truth be told each ATH blows my mind so I'll never doubt any numbers other folks have, like us going to $10,000 in 2016 or what not.
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TERA
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February 06, 2014, 01:21:50 AM |
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Don't agree. My pet theory is that we had the first two bubbles which were bubbles, and this last so-called-bubble wasn't a bubble or a crash. I think of it more of a popularity boom, with big thanks to China.
If you read up about bubbles, then a "popularity boom" is exactly one of the conditions to be satisfied to create a bubble. |
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keithers
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This is the land of wolves now & you're not a wolf
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February 06, 2014, 01:24:52 AM |
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I think there is an outside possibility that this could come true, but I think there are too many people that have just recently heard about bitcoin and are just waiting with their fingers on the trigger to jump in. I think the amount of buy orders that would pour in during a massive sell off will keep us above $600. I could be wrong though.
I am hoping we just hold steady in the $775-$800 and slowly grow from there.
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btcshop
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February 06, 2014, 01:53:11 AM |
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I don't care.
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seleme
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Duelbits.com
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February 06, 2014, 02:00:37 AM |
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I don't care.
And the winner is ...  |
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jamesc760
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February 06, 2014, 02:09:11 AM |
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I could create a thread titled:
BTC = $5000 in February
And show a random chart created by a random guy on internet. That will show them.
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bitcon
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February 06, 2014, 02:10:52 AM |
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derfinitely
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TERA
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February 06, 2014, 02:21:51 AM |
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keithers
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This is the land of wolves now & you're not a wolf
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February 06, 2014, 02:43:46 AM |
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It went up so fast that it created a yellow candle on the chart. Yellow candles are even better than green ones  . $5000/btc confirmed |
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chessnut
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February 06, 2014, 02:46:22 AM |
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It went up so fast that it created a yellow candle on the chart. Yellow candles are even better than green ones . $5000/btc confirmed I think in any case an exponential log chart illustrates the end of the world  |
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GigaCoin (OP)
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Giga
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February 06, 2014, 08:45:14 AM |
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It went up so fast that it created a yellow candle on the chart. Yellow candles are even better than green ones . $5000/btc confirmed That chart i posted is long-term BULL in consistency with an S Curve, however the analysis is in regards to a large dip short term, potentially to $500. |
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atc1
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February 06, 2014, 11:49:45 AM |
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I don't even...whaaat?  |
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LOADING.READY.RUN
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February 06, 2014, 02:00:12 PM |
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That chart i posted is long-term BULL in consistency with an S Curve, however the analysis is in regards to a large dip short term, potentially to $500.
Keep in mind that the usual S-curve only looks S-shaped in a linear scale. The upward leg is an exponential function, so in a log scale it just looks like a line. The final flattening of the S-curve also looks like a flattening in log scale. So bending upward as you seem to believe is necessary for the S-curve does not necessarily happen in a log scale. Edit: Anyway, the first chart in the thread makes sense to me. Not saying that it must turn out like July 2013, but it is clearly one of the most likely scenarios. |
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fonzie
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February 06, 2014, 02:03:05 PM |
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 Zero very soon. |
"To know death, Otto, you have to fuck life in the gallbladder" www.hsbc.com - The world´s local bank "These FUDsters are insane egomaniacs that just want cheap BTC" - oblivi |
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Mythul
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February 06, 2014, 02:40:05 PM |
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Admit it dude you just want free coins. We all want that => won't happen. Too many people are waiting for $700, I would imagine 10x more wait for $500.
Not going to happen.
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hellscabane
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February 06, 2014, 03:12:45 PM |
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I'll admit, I wouldn't deny the possibility of an event causing a market shake-up that will cause the price of BTC to go down by 33%. But if that happens, it'll likely only be for a very short time. Of course, the question is, what kind of event would have to occur for that to happen...
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Yna
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February 06, 2014, 03:18:44 PM |
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With the way things are going at MtGox, I could see a large drop like that to occur. If they close down/stop trading I feel like the instability may cause a panic sell for a bit.
It'll bounce back quick though, so whatever.
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