teukon (OP)
Legendary
Offline
Activity: 1246
Merit: 1011
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 08, 2014, 06:41:52 PM |
|
Your attention please. Bitcoin is about to die again. Please return to your seats and fasten your seat-belts. We are descending steeply today so please ensure that your bitcoins are securely stowed. Thank you. Chart from bitcoinaverage.com.
|
|
|
|
podyx
Legendary
Offline
Activity: 2338
Merit: 1035
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 08, 2014, 06:46:40 PM |
|
That line looks to be about $230
I don't think we'll go that low
|
|
|
|
Keyara
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 08, 2014, 06:47:45 PM |
|
Wishful thinking from the graph. I also wish making money is that easy.
|
|
|
|
Buffer Overflow
Legendary
Offline
Activity: 1652
Merit: 1016
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 08, 2014, 06:58:51 PM |
|
Bitcoin is about to die again.
Again? Have I missed something?
|
|
|
|
Wilhelm
Legendary
Offline
Activity: 1652
Merit: 1265
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 08, 2014, 07:03:08 PM |
|
Look me can draw a line!! ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
|
Bitcoin is like a box of chocolates. You never know what you're gonna get !!
|
|
|
riiiiising
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 08, 2014, 07:06:40 PM |
|
oh look, another fallling sock puppet. who is your paymaster and what is their agenda for spreading FUD to crash the price? bitcoin is going nowhere but up, for the following reasons: old: bitcoin will lift the unbanked of the third world from poverty allows for remittance for poor immigrant workers with no middle man consumers can rest easy knowing their money is safe from hackers, unlike credit card users at target, home depot, etc new: next halving will cause more demand for limited supply billions of dollars of VC being invested every month stock market plunging, world wide economic collapse seems imminent. people of the world will use bitcoin as a hedge. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fwww.czechpoint101.com%2Fnewsletter%2Fwp-content%2Fuploads%2F2010%2F09%2FMarket_Sentiment_Cycles.jpg&t=665&c=sgEhZSjDuxatXw) we are now at the "hope" stage, moon ship will come soon.
|
|
|
|
teukon (OP)
Legendary
Offline
Activity: 1246
Merit: 1011
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 08, 2014, 10:22:36 PM |
|
Bitcoin is about to die again.
Again? Have I missed something? This was mainly a reference to the latter months of 2011 when a number of articles proclaimed the Bitcoin experiment dead. I believe a repeat performance is very much on the cards.
|
|
|
|
wet_blanket
Newbie
Offline
Activity: 7
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 08, 2014, 10:52:26 PM |
|
oh look, another fallling sock puppet. who is your paymaster and what is their agenda for spreading FUD to crash the price? bitcoin is going nowhere but up, for the following reasons: old: bitcoin will lift the unbanked of the third world from poverty allows for remittance for poor immigrant workers with no middle man consumers can rest easy knowing their money is safe from hackers, unlike credit card users at target, home depot, etc new: next halving will cause more demand for limited supply billions of dollars of VC being invested every month stock market plunging, world wide economic collapse seems imminent. people of the world will use bitcoin as a hedge. http://www.czechpoint101.com/newsletter/wp-content/uploads/2010/09/Market_Sentiment_Cycles.jpgwe are now at the "hope" stage, moon ship will come soon. We're still in denial, as clearly demonstrated by the bulls expecting another rally to come. I don't think we'll hit the hope stage until we're back to summer 2013 levels, which is the true value of bitcoin right now.
|
|
|
|
spazzdla
Legendary
Offline
Activity: 1722
Merit: 1000
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 08, 2014, 10:54:47 PM |
|
oh look, another fallling sock puppet. who is your paymaster and what is their agenda for spreading FUD to crash the price? bitcoin is going nowhere but up, for the following reasons: old: bitcoin will lift the unbanked of the third world from poverty allows for remittance for poor immigrant workers with no middle man consumers can rest easy knowing their money is safe from hackers, unlike credit card users at target, home depot, etc new: next halving will cause more demand for limited supply billions of dollars of VC being invested every month stock market plunging, world wide economic collapse seems imminent. people of the world will use bitcoin as a hedge. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fwww.czechpoint101.com%2Fnewsletter%2Fwp-content%2Fuploads%2F2010%2F09%2FMarket_Sentiment_Cycles.jpg&t=665&c=sgEhZSjDuxatXw) we are now at the "hope" stage, moon ship will come soon. I like this guy. Think we are that far along in the stages..? Dunno.. not yet I think.
|
|
|
|
Raize
Donator
Legendary
Offline
Activity: 1419
Merit: 1015
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 09, 2014, 04:07:35 AM |
|
The thing I never like about these charts is they rarely go all the way back to 2010, when it first even had a price.
|
|
|
|
piramida
Legendary
Offline
Activity: 1176
Merit: 1010
Borsche
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 09, 2014, 07:02:21 AM |
|
I like this guy. Think we are that far along in the stages..? Dunno.. not yet I think.
Don't know about we, but I'm stuck in the optimism mode since early 2013 ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) had a bit of euphoria in november, true, but now back to optimism ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
|
i am satoshi
|
|
|
teukon (OP)
Legendary
Offline
Activity: 1246
Merit: 1011
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 09, 2014, 08:20:20 AM Last edit: October 12, 2014, 12:17:51 AM by teukon |
|
The thing I never like about these charts is they rarely go all the way back to 2010, when it first even had a price.
Apologies. I intentionally cropped some of the left-most data off because there was so little volume I considered the data almost valueless noise (much like the mining difficulty data of 2009). I've left some of the early data on to show that this line is not a hard rule (of course) and, indeed, the price drops far below the line in the early days. I think I have some bitcoinmarket.com trade data hanging around somewhere which would take us to early 2010. I haven't got it to hand but vaguely recall there being price action between 0.003 USD/BTC and 0.0086 USD/BTC in its early months (leading up to early July 2010 which is when I stated trading). If you're interested I'll try and dig it up.
|
|
|
|
porcupine87
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 09, 2014, 09:47:27 AM |
|
So Bitcoin was dead in Jan 2011?
|
"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
|
|
|
GreenCoin22
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 09, 2014, 09:51:49 AM |
|
sorry, I look the title as The Line of Depth
|
|
|
|
zimmah
Legendary
Offline
Activity: 1106
Merit: 1005
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 09, 2014, 10:45:32 AM |
|
Your attention please. Bitcoin is about to die again. Please return to your seats and fasten your seat-belts. We are descending steeply today so please ensure that your bitcoins are securely stowed. Thank you. Chart from bitcoinaverage.com.Die again? When did it die before? Also, that chart is totaly not relevant
|
|
|
|
xmasdobo
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 09, 2014, 02:51:09 PM |
|
So Bitcoin was dead in Jan 2011?
Somewhat yeah it was, it went out of the general public, then it came back with a huge peak. I think we are going to have a big long time of sustained low price on the 200-300's before the next ATH.
|
|
|
|
intighet
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 83
Merit: 10
mene mene tekel upharsin
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 11, 2014, 03:27:08 PM |
|
Your attention please. Bitcoin is about to die again. Please return to your seats and fasten your seat-belts. We are descending steeply today so please ensure that your bitcoins are securely stowed. Thank you. Chart from bitcoinaverage.com.The fractal pattern of bulges and sell-offs will probably continue moving the price mostly sideways on that scale for the next few months until we collide with this support. That is when the real test will occur.
|
Malus pro bono surrepat, et bonus pro malo displiceat; fallaces enim sunt rerum species, quibus credidimus.
|
|
|
brg444
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 11, 2014, 03:32:06 PM |
|
Your attention please. Bitcoin is about to die again. Please return to your seats and fasten your seat-belts. We are descending steeply today so please ensure that your bitcoins are securely stowed. Thank you. Chart from bitcoinaverage.com.The fractal pattern of bulges and sell-offs will probably continue moving the price mostly sideways on that scale for the next few months until we collide with this support. That is when the real test will occur. or we could very well shoot up without touching that line, as we did last year
|
"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
|
|
|
SkyValeey
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 11, 2014, 11:34:14 PM |
|
Below line will be very interesting time ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) we need more entertainment with Btc :-)
|
|
|
|
ElectricMucus
Legendary
Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 12, 2014, 12:41:46 AM |
|
|
|
|
|
|