Dump3er (OP)
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August 07, 2014, 12:42:20 PM |
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SOMETIMES YOU WIN, SOMETIMES YOU LEARN!
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wachtwoord
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August 07, 2014, 01:10:03 PM |
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Everyone knows that graph. We're currently at the very end of it. Time for the next cycle ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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zby
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August 07, 2014, 01:13:06 PM |
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The "anotomy of the buble" chart is a different one - sorry!
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Dump3er (OP)
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August 07, 2014, 01:22:10 PM |
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The "anotomy of the buble" chart is a different one - sorry!
Nope. The other chart is for plain dumpers, without any further skills, like fontas or mmitech.
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SOMETIMES YOU WIN, SOMETIMES YOU LEARN!
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tarmi
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August 07, 2014, 04:18:35 PM |
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The "anotomy of the buble" chart is a different one - sorry!
Nope. The other chart is for plain dumpers, without any further skills, like fontas or mmitech. whose alter dumper ego are you? ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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pungopete468
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August 07, 2014, 04:45:01 PM |
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My interpretation of that chart tells me that final capitulation hasn't happened yet...
Compress the Bitcoin chart and it looks like final capitulation won't be for another few months.
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. ..1xBit.com Super Six.. | ▄█████████████▄ ████████████▀▀▀ █████████████▄ █████████▌▀████ ██████████ ▀██ ██████████▌ ▀ ████████████▄▄ ███████████████ ███████████████ ███████████████ ███████████████ ███████████████ ▀██████████████ | ███████████████ █████████████▀ █████▀▀ ███▀ ▄███ ▄ ██▄▄████▌ ▄█ ████████ ████████▌ █████████ ▐█ ██████████ ▐█ ███████▀▀ ▄██ ███▀ ▄▄▄█████ ███ ▄██████████ ███████████████ | ███████████████ ███████████████ ███████████████ ███████████████ ███████████████ ███████████▀▀▀█ ██████████ ███████████▄▄▄█ ███████████████ ███████████████ ███████████████ ███████████████ ███████████████ | ▄█████ ▄██████ ▄███████ ▄████████ ▄█████████ ▄██████████ ▄███████████ ▄████████████ ▄█████████████ ▄██████████████ ▀▀███████████ ▀▀███████ ▀▀██▀ | ▄▄██▌ ▄▄███████ █████████▀ ▄██▄▄▀▀██▀▀ ▄██████ ▄▄▄ ███████ ▄█▄ ▄ ▀██████ █ ▀█ ▀▀▀ ▄ ▀▄▄█▀ ▄▄█████▄ ▀▀▀ ▀████████ ▀█████▀ ████ ▀▀▀ █████ █████ | ▄ █▄▄ █ ▄ ▀▄██▀▀▀▀▀▀▀▀ ▀ ▄▄█████▄█▄▄ ▄ ▄███▀ ▀▀ ▀▀▄ ▄██▄███▄ ▀▀▀▀▄ ▄▄ ▄████████▄▄▄▄▄█▄▄▄██ ████████████▀▀ █ ▐█ ██████████████▄ ▄▄▀██▄██ ▐██████████████ ▄███ ████▀████████████▄███▀ ▀█▀ ▐█████████████▀ ▐████████████▀ ▀█████▀▀▀ █▀ | . Premier League LaLiga Serie A | . Bundesliga Ligue 1 Primeira Liga | | . ..TAKE PART.. |
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maker88
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August 07, 2014, 07:34:08 PM |
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But if you don't artificially compress it to meet your views, it's pretty clear those two charts do not match at all.
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ensurance982
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August 07, 2014, 07:46:41 PM |
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So, are you proposing that we've reached the 'real bottom' now once and for all, or do you say we might see another bubble after this one? I think those are two polar opposite positions one could assume here. The bubble you are showing us actually suggests that things are done, but bitcoin experiences bubble over bubble, it seems!
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fdiini
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August 07, 2014, 08:28:53 PM |
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Look like law of gravity at work.
What goes up, must come down.
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ensurance982
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August 07, 2014, 08:37:08 PM |
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Look like law of gravity at work.
What goes up, must come down.
Has Bitcoin ever cared about what it 'must'? You know, the Honeybadger just doesn't care. Bitcoin has 'violated' so many laws markets are supposed to work according to. I wouldn't be surprised if we were in for a few more surprises to come!
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pungopete468
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August 07, 2014, 10:06:01 PM |
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But if you don't artificially compress it to meet your views, it's pretty clear those two charts do not match at all.
Neither chart has a timescale associated, therefore compressing the Bitcoin chart doesn't alter the relevance of the trend data... Since the chart is just a representation of a typical bubble cycle it actually makes sense to change the timescale of the Bitcoin chart to where it matches the trend closest. Of course, neither chart is really valuable for predicting the future price of Bitcoin when the market is so illiquid that even modestly wealthy single entities can be major market movers; that alone makes it utterly unpredictable...
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. ..1xBit.com Super Six.. | ▄█████████████▄ ████████████▀▀▀ █████████████▄ █████████▌▀████ ██████████ ▀██ ██████████▌ ▀ ████████████▄▄ ███████████████ ███████████████ ███████████████ ███████████████ ███████████████ ▀██████████████ | ███████████████ █████████████▀ █████▀▀ ███▀ ▄███ ▄ ██▄▄████▌ ▄█ ████████ ████████▌ █████████ ▐█ ██████████ ▐█ ███████▀▀ ▄██ ███▀ ▄▄▄█████ ███ ▄██████████ ███████████████ | ███████████████ ███████████████ ███████████████ ███████████████ ███████████████ ███████████▀▀▀█ ██████████ ███████████▄▄▄█ ███████████████ ███████████████ ███████████████ ███████████████ ███████████████ | ▄█████ ▄██████ ▄███████ ▄████████ ▄█████████ ▄██████████ ▄███████████ ▄████████████ ▄█████████████ ▄██████████████ ▀▀███████████ ▀▀███████ ▀▀██▀ | ▄▄██▌ ▄▄███████ █████████▀ ▄██▄▄▀▀██▀▀ ▄██████ ▄▄▄ ███████ ▄█▄ ▄ ▀██████ █ ▀█ ▀▀▀ ▄ ▀▄▄█▀ ▄▄█████▄ ▀▀▀ ▀████████ ▀█████▀ ████ ▀▀▀ █████ █████ | ▄ █▄▄ █ ▄ ▀▄██▀▀▀▀▀▀▀▀ ▀ ▄▄█████▄█▄▄ ▄ ▄███▀ ▀▀ ▀▀▄ ▄██▄███▄ ▀▀▀▀▄ ▄▄ ▄████████▄▄▄▄▄█▄▄▄██ ████████████▀▀ █ ▐█ ██████████████▄ ▄▄▀██▄██ ▐██████████████ ▄███ ████▀████████████▄███▀ ▀█▀ ▐█████████████▀ ▐████████████▀ ▀█████▀▀▀ █▀ | . Premier League LaLiga Serie A | . Bundesliga Ligue 1 Primeira Liga | | . ..TAKE PART.. |
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Wilhelm
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August 07, 2014, 10:30:02 PM |
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Bitcoin is like a box of chocolates. You never know what you're gonna get !!
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ensurance982
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August 07, 2014, 10:33:23 PM |
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To be honest, though: Bitcoin hasn't seen that sharp corrections. I know those charts are exaggerated and are only supposed to illustrate a certain movement, or behavior, but a correction to levels at the start of before the bubble even began, is unseen when it comes to Bitcoin. Wait, I may be wrong... 2012?
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Schickeria
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August 07, 2014, 10:41:41 PM Last edit: August 07, 2014, 11:44:18 PM by Schickeria |
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But if you don't artificially compress it to meet your views, it's pretty clear those two charts do not match at all.
Neither chart has a timescale associated, therefore compressing the Bitcoin chart doesn't alter the relevance of the trend data... Since the chart is just a representation of a typical bubble cycle it actually makes sense to change the timescale of the Bitcoin chart to where it matches the trend closest. Of course, neither chart is really valuable for predicting the future price of Bitcoin when the market is so illiquid that even modestly wealthy single entities can be major market movers; that alone makes it utterly unpredictable... Very reasonable posting. Even if this chart was posted as a joke or for trolling, it shows a typical development of a bubble. Each bubble has a proper progress and second capitulation can't be ruled out. Analyzing trading, the hard resistances etc. I give it a good chance, but it's no obligation.
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Schickeria
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August 07, 2014, 10:46:00 PM |
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To be honest, though: Bitcoin hasn't seen that sharp corrections. I know those charts are exaggerated and are only supposed to illustrate a certain movement...
Your quoted bubble is an illustration, the other picture looks like the NASDAQ.
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ensurance982
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August 07, 2014, 10:51:56 PM |
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To be honest, though: Bitcoin hasn't seen that sharp corrections. I know those charts are exaggerated and are only supposed to illustrate a certain movement...
Your quoted bubble is an illustration, the other picture looks like the NASDAQ. Yeah but if we compare Bitcoin bubbles to past bubbles from the regular good old financial sector, we can see for example that the Bitcoin bubbles don't go as far down as the Dot Com bubble did after it went bust. The whole ecosystem took years to recover. Bitcoin remains at about 2-4x pre-bubble-prices
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Schickeria
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August 07, 2014, 11:11:40 PM |
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To be honest, though: Bitcoin hasn't seen that sharp corrections. I know those charts are exaggerated and are only supposed to illustrate a certain movement...
Your quoted bubble is an illustration, the other picture looks like the NASDAQ. Yeah but if we compare Bitcoin bubbles to past bubbles from the regular good old financial sector, we can see for example that the Bitcoin bubbles don't go as far down as the Dot Com bubble did after it went bust. The whole ecosystem took years to recover. Bitcoin remains at about 2-4x pre-bubble-prices The NASDAQ bubble has developed over several years. To compare those two in the bigger picture (as you do) you should look at the NASDAQ years 94 - 98. So the real boom has not even started. It depends all on the timeframe we choose. But this very, very speculative. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fwww.wirtschaftswurm.net%2Fwp-content%2Fuploads%2F2013%2F03%2FNasdaq-Index-Dotcomblase.png&t=665&c=Zgy2Dr06BDcOng)
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ensurance982
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August 07, 2014, 11:17:49 PM |
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The NASDAQ bubble has developed over several years. To compare those two in the bigger picture (as you do) you should look at the NASDAQ years 94 - 98. So the real boom has not even started. But this very, very speculative. It depends all on the timeframe we choose. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fwww.wirtschaftswurm.net%2Fwp-content%2Fuploads%2F2013%2F03%2FNasdaq-Index-Dotcomblase.png&t=665&c=Zgy2Dr06BDcOng) Interesting! So you are basically implying that we may still be in for the 'really big' bubble that will make the previous ones look like small spikes. But the outcome of that mega-bubble will then decide about the future of bitcoin?
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Schickeria
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August 07, 2014, 11:27:52 PM Last edit: August 07, 2014, 11:38:06 PM by Schickeria |
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Interesting! So you are basically implying that we may still be in for the 'really big' bubble that will make the previous ones look like small spikes. But the outcome of that mega-bubble will then decide about the future of bitcoin?
I don't know! ;-) Bitcoin is very different from the NASDAQ, but humans and their emotions like greed and fear are the same.
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fred930
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August 07, 2014, 11:32:51 PM |
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I know those charts are exaggerated and are only supposed to illustrate a certain movement, or behavior
It's too easy to try to make real charts fit these exaggerated charts. I doubt the real charts are ever a perfect match to them.
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