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Question: When the despair phase will begin
In a week - 33 (29.7%)
In a month - 21 (18.9%)
In 6 months - 4 (3.6%)
Never - 53 (47.7%)
Total Voters: 111

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Author Topic: A picture is worth a 1000 words  (Read 4074 times)
phoenix1
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February 08, 2014, 08:59:02 PM
 #21

Denial it is then 

Denial of the fact that each recurring Bitcoin "bubble" rises to a new height? (except perhaps the summer 2012 "bubble")

No, I just love the way every one gets so agitated every time this chart gets posted  Wink
I liked your version better  Cheesy

"Before you embark on a journey of revenge, dig two graves"  - Confucius (China 551BC-479 BC)
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Cyberlight
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February 08, 2014, 09:37:35 PM
 #22

You posted the wrong image

Xer0
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°^°


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February 08, 2014, 10:19:42 PM
 #23

Elwar
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February 08, 2014, 10:31:07 PM
 #24





Wait...what is this? I have never seen this before.

I have been into Bitcoin since 2010 and supported it but after this picture...wow...a new light has shown upon me.

I am selling all of my bitcoins and moving on to penny stocks.

http://www.bitpools.com
Pool your bitcoins with others. Vote on solutions using the Bitcoin blockchain. Keep your bitcoins in your cold storage until you find a solution you like.
Links and Reviews of useful every day places to spend bitcoins: https://bitcointalk.org/index.php?topic=943143.0
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February 09, 2014, 01:00:07 AM
 #25

I am selling all of my bitcoins and moving on to penny stocks.

Hey give Ripple and Dogecoin some consideration too.
iki
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February 09, 2014, 01:13:14 AM
 #26

Nice! Is there a bigger version of this image?
thelema93
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February 09, 2014, 01:14:09 AM
 #27

indeed...

JimboToronto
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February 09, 2014, 01:34:44 AM
 #28

Nice! Is there a bigger version of this image?

Here's the original, right out of MS Paint. I resized it to keep it forum-sized. Posting over-sized images is a crappy thing to do.

jubalix
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February 09, 2014, 01:56:15 AM
 #29

Maybe this will help the noobs to understand:



exaclty

newbs can't into looking at history.

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jubalix
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February 09, 2014, 02:18:02 AM
 #30

oh and bit coin tech is a new paradigm

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jamesc760
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February 09, 2014, 02:12:58 PM
 #31

When I first saw the chart that the OP has posted, I was a newbie too and bitcoin was worth about $60--and that was less than a year ago.

Let's not be too harsh on hte OP, he/she still  has innocence. Staring at the chart and figuring out what it means will only lead to the loss of that innocence. I am still figuring out the chart.
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February 10, 2014, 11:14:11 AM
 #32

I might be a noob, but the bubble is popping   Grin

Nick.
porcupine87
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February 10, 2014, 11:49:02 AM
 #33

Maybe this will help the noobs to understand:



This is great. But what if gox had the problems in a different time?

"Morality, it could be argued, represents the way that people would like the world to work - whereas economics represents how it actually does work." Freakonomics
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February 21, 2014, 09:23:27 AM
 #34

We have reached the despair phase.

Now every one will say "This is not an exploding bubble! B$ are different!!"

Nick
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February 21, 2014, 09:49:52 AM
 #35

I might be a noob
You've got it wrong, so right... you're a noob.
jubalix
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February 21, 2014, 11:26:57 AM
 #36

just think, in 2 years btc around 50K each having dropped from 100 K some newb is going to come here with the same graph....

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Ultros
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February 21, 2014, 11:32:12 AM
 #37

I had to.

jubalix
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February 21, 2014, 11:35:00 AM
 #38

I had to.



thats actually accurate for a good percentage of BTC'rs and they call it a ponzi scheme, no one ever HODL in a ponzi scheme

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February 21, 2014, 11:50:45 AM
 #39

Look at the 3day Gox chart at bitcoinwisdom and you see this image. pretty much exactly.
nick32768
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February 25, 2014, 04:58:41 AM
 #40

MtGox dead. Panic selling also outside MtGox.

The Gox default will spread panic for the whole day, taking the price very very low. Maybe 113.70$ or even lower.

Nick.
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