2014- 1st time in history bitcoin has dropped

[Xiaoxiao]

Are we seeing the start of a multi year demise/downswing with bitcoin?  This is potentially the 1st year since bitcoin's induction that price has decreased.



One technical trader stated back in November that bitcoin is on a multi year down swing to $40.  Could he be right?

[BitCoinDream]

Are we seeing the start of a multi year demise/downswing with bitcoin?  This is potentially the 1st year since bitcoin's induction that price has decreased.



One technical trader stated back in November that bitcoin is on a multi year down swing to $40.  Could he be right?

Just remember Tim Draper bought 30k BTC @ 900 USD each while the market rate was +/-600. VCs do calculate... U know

[EFS]

8 Sept. 2013 > 116$
8 Sept. 2014 > 465$

[Xiaoxiao]

8 Sept. 2013 > 116$
8 Sept. 2014 > 465$

30 Nov 2013 > $1199
30 Nov 2014 >

[BitCoinDream]

8 Sept. 2013 > 116$
8 Sept. 2014 > 465$

Can u please post the data for the following ?

8 Sept. 2012 > ?
8 Sept. 2011 > ?
8 Sept. 2010 > ?
8 Sept. 2009 > ?

[BitCoinNutJob]

Yes so far but why are people dividing in years does measuring bitcoin from jan 1st - December 31st have more relevance vs  july 1st june 30th ?

[EFS]

30 Nov 2013 > $1199
30 Nov 2014 >

Only time will tell.

8 Sept. 2013 > 116$
8 Sept. 2014 > 465$

Can u please post the data for the following ?

8 Sept. 2012 > 11$
8 Sept. 2011 > 6.53$
8 Sept. 2010 > 0.062$
8 Sept. 2009 > -

[JetLi]

"1st time in history bitcoin has dropped"

This is nonsense. BTC has been on $260 on Gox and then dropped back to about $70. It has dropped every year after reaching a new high and it will happen again and again.

[Xiaoxiao]

"1st time in history bitcoin has dropped"

This is nonsense. BTC has been on $260 on Gox and then dropped back to about $70. It has dropped every year after reaching a new high and it will happen again and again.

2014

[railzand]

Just remember Tim Draper bought 30k BTC @ 900 USD each while the market rate was +/-600. VCs do calculate... U know

Where does that figure - 900 - come from?

[BitCoinDream]

30 Nov 2013 > $1199
30 Nov 2014 >

Only time will tell.

8 Sept. 2013 > 116$
8 Sept. 2014 > 465$

Can u please post the data for the following ?

8 Sept. 2012 > 11$
8 Sept. 2011 > 6.53$
8 Sept. 2010 > 0.062$
8 Sept. 2009 > -

So, if we consider the jump on every September 8, we get the following around fig...

2010 -> 2011 => x100 or 10^2
2011 -> 2012 => x2 or 2^1
2012 -> 2013 => x10 or 10^1
2013 -> 2014 => x4 or 2^2

-- Prediction based on same nature of price fluctuation --

2014 -> 2015 => x1 or 10^0, i.e. Around 465$ on September 8, 2015
2015 -> 2016 => x16 or 2^3, i.e. Around 7440$ on September 8, 2016

[Beliathon]

Draw your own conclusions.

[Jamie_Boulder]

The year isn't over yet.

[Xiaoxiao]

My warning back in december, lol:

"You guys are all FUCKED"

when gordon tells you something, you should listen.  Yes I am the gordon geiko of this forum.

[andy35]

One technical trader stated back in November that bitcoin is on a multi year down swing to $40.  Could he be right?

Which technical trader?

[Xiaoxiao]

One technical trader stated back in November that bitcoin is on a multi year down swing to $40.  Could he be right?

Which technical trader?

Masterluc

[RodeoX]

when gordon tells you something, you should listen.  Yes I am the gordon geiko of this forum.

Are you sure you don't mean Walter Mitty?

[exocytosis]

Just remember Tim Draper bought 30k BTC @ 900 USD each while the market rate was +/-600. VCs do calculate... U know

VC's aren't infallible. Some of them make mistakes. It happens all the time.
Draper probably dumped his coins a long time ago.

[fonzie]

Wow, at first i wasn´t sure but Xiaoxiao seems 100% mentally challenged.

[Xiaoxiao]

Wow, at first i wasn´t sure but Xiaoxiao seems 100% mentally challenged.

I appreciate the compliment.