One year ago...

[dnaleor]

Time to think back to the good old times...
Soon the current exchange rate will be lower than one year ago.

I invite you to post some quotes from exactly one year ago.

***

One year ago...

BTC was at 283.32 USD (Bitstamp VWAP)

[dnaleor]

Some posts:

choo choo

If this bubble can reach $1k, will it promptly create a crash from all of the sellers at that price point?  Or will it begin much sooner ($500)?

Here's a "back of the envelope" theory:

Base to Peak ratios
Bubble 1:    $1 to $30 (30x)
Bubble 2:  $13 to $260 (20x)
Bubble 3: $120 to $1,200 (10x)

Bubble 3: $120 to $1,680 (14x)

Actually they are not Bubbles, technically they were a run on the Bitcoin Bank, and what we have today is a lineup to deposit into the Bitcoin Bank.  (given we don't charge interest, there is a market based enter fee for depositors, given the utility and limited supply.)

Bubbles pop, and mismanaged banks go bankrupt and there "customers" panic.  

Bitcoin looks as strong as a bull and like it's here to stay

I'm starting to freak out a little bit... Take a look at the asks in all markets, a few K's until 300, then NOTHING.
This means that if we break 300 and NO new BIG whales appear there is no support at the top, we could repeat what happened in april, more than doubling in one day (from 300) and then...

and then...

Either some early adopter coins come out of cold storage and appear on the exchanges, or else we enter a phase where the only coins available for purchase every day come from the newly-mined coins that miners choose to sell.

Somebody is trolling...

[16:37:47] <chaang-noi> is it true mt gox ran out of both fiat and btc?
[16:38:01] <+SarahCoinBit> mtgox646: We are not having any type of funding issue.  The coins are there in limbo
[16:38:20] <+SarahCoinBit> chaang-noi: We have not ran out of anything, nor is this a cold storage issue

who run out of what now?  

lol  

Can't take out FIAT, nooo BUY BUY BUY !!!

Can't withdraw BTC, ahhh SELL SELL SELL !!!

Being Goxed both ways ...

This is getting absurd. I don't mean to say that Bitcoin shouldn't be going up, but what I'm seeing goes something roughly like this:

Step 1: OH SHIT GOX IS RETARDED! (*Dip/crash*)
Step 2: Why did we sell when we can only withdraw coins! (*Huge Rally on Gox*)
Step 3: Woo, I'm on Bitstamp, gox is rallying, better buy before we follow! (*Huge rally on other exchanges*)
Step 4: Yay, other exchanges are now roughly equal to gox, Gox must have fixed! Yay! BUY! (*Slow buys happen*)
Step 5: OH SHIT GOX IS RETARDED!

if people weren't damn weird, we should be permanently on Step 4. ~.~

[bitkilo]

One year ago, i just found out about bitcoins.

[galdur]

Woo, for a moment I thought BTC had tanked 60 bucks. 

[okthen]

This thread is just too sad

[dnaleor]

I'll keep posting the chart in this topic each day until the current bitcoin exchange rate will be higher than one year ago
(yeah, i know I started a few days early, but I didn't want to miss to queot the fun posts at the start of the rally)

Going to sleep now, in 6 hours I'll look inside my posts of a year ago

Keep posting them.

[dnaleor]

I found this post of my own

people will initially start buying Litcoin, because it is cheap. But they will realise after a while that they just need to buy fractions of a BTC, no problem

So Im bullish on litecoin for the moment

(and it is already happening)

[dnaleor]

One year ago...

BTC was at 317.94 USD (Bitstamp VWAP)

edit:

the amazing rally continued. Current exchange rate is now close to the closing price on Bitstamp...

[dnaleor]

some posts:

Mt Gox is running out of coins!!!

whoa.. is this real life?  

No, this is Bitcoin.

It's better than real life.

any word on withdrawing btc?

[17:17:07] <SarahCoinBit> Thank you everyone for being patient and sorry for any inconvienience
[17:20:03] <joesmoe> 48 hours i've been waiting now
[17:20:37] <SarahCoinBit> joesmoe: For a btc withdrawal?
[17:20:38] <yerp> go away joe u crybaby
[17:21:05] <joesmoe> SarahCoinBit yes
[17:21:55] <joesmoe> 2013/11/07
[17:21:55] <joesmoe> 01:41:54
[17:21:56] <joesmoe> withdraw      120.00000000 BTC   0.75259713 BTC
[17:21:57] <joesmoe> Bitcoin withdraw to 1J5bpFfpHavNyyJtVu4AqRqjZSQjA5dxKD
[17:22:00] <SarahCoinBit> joesmoe: We are trying to resolve it as fast as possible, sorry for the delay
[17:22:15] <joesmoe> also have other transfers missing as well, but thats the oldest and
[17:22:18] <joesmoe> biggest thats missing
[17:22:44] <SarahCoinBit> joesmoe: Sorry, they are going through but it's taking time to fix each one
[17:23:14] PaulB0 [~PaulB0@gateway.genevasi.com] has quit IRC: Read error: Connection reset by peer
[17:23:39] Anduck [~Anduck@unaffiliated/anduck] has quit IRC: Ping timeout: 264 seconds
[17:23:57] <joesmoe> maybe they could fix them in priority of size?
[17:24:08] <Xialla> no
[17:24:12] <joesmoe> would be most logical in my opinion to take care of the more profitable traders before the less profitable ones
[17:24:18] <Xialla> no
[17:24:47] <joesmoe> obviously a dev's time is limited, and fixing things for larger transactions thus is more profitable in the long run fox gox
[17:24:59] <joesmoe> Should have to wait days for a 120 BTC transactions
[17:25:14] <joesmoe> should not*
[17:25:19] <joesmoe> Xialla: How long u been waiting?
[17:25:43] <SarahCoinBit> joesmoe: We are not showing any favoutism.  It is in our best interest to get them all fixed as soon as possible.  Cherrypicking which ones to fix would take much longer
[17:26:09] <joesmoe> funny because i notice most of the others who were waiting for multiple hundred BTC withdraws are no longer waiting, yet here I am...
[17:26:14] <SarahCoinBit> joesmoe: I'm very sorry you have had to wait

Woah..I thought only fiat having the problem. Not in this case BTC withdrawal. I leaving gox after 3 months my fiat withdrawal still not process by them. Why people still playing there?!

[dnaleor]

One year ago...

BTC was at 338.71 USD (Bitstamp VWAP)

The rally continued, but some volatility entered the market.
It is possible the current exchange rate will dip below the rate of exactly one year ago in the next 24h...

[dnaleor]

some posts:

mtgox @ 362 and climbing... do I hear 400 tomorrow?

Did that wall on our exchange at $335 just get eaten or was it moved? 

You tell us hazek

Nočna izmena a?

Ma ne, sej grem spat zdle.

I think china is about to explode, I think its about to explode everywhere! BUY BUY BUY!

HOLY HELL I LOVE BITCOIN!!!!  

Hey! Bitcoinity! Very funny!

Ok, so I usually have MtGox and Bitstamp on my first two tabs when suddenly I see this:


Too bad it was only a 502 server error

I like these new crashes.  Much less anxiety.

Went from 348 -> 300 in stamp so i sold 1/6 of my coins in first rebound at 330. I had 100% of all my wealth in coins (i don't have any loan). Lets see what happens next.

took more losses and bought some more back!  

My last sale was at 375. My next sell is for 400.

thats the best way to do it, sell little bits slowly as its rising.

no, it stinks. I always do this and it inevitably turns out that simply holding would've been better.

It's not at all similar to this spring, or we would have crashed deeply with volume of more than 100k BTCs already.  

I am completely speechless with the tenacity of this price fly-up, it simply refuses to go down, several crash attempts are just easily absorbed, each time countered a powerful buy wave.

Truth.

+1

When comparing April with today, the current run up seems much more impressive.

We had the "Silk Road down" correction... (but I'm with you, it's going too fast)

[Brewins]

TLDR: one year ago people talked about 10k or 100k coins by now, because year after year the price must goes up at least 10x due some unknown natural law.

Can't say it was unfair

[Malin Keshar]

one year ago: we are going nowhere but to the moon. Bitcoin will take over the world.

now: "we are going nowhere but down" (fallling)

A few words can say more than 1000 pictures

[TinaK]

Bitcoins? Buy! Buy! Buy! Without Hesitation!

[BitcoinAddicts]

Bitcoins? Buy! Buy! Buy! Without Hesitation!

Already bought all the bitcoin I want, actually bought too early ...

[ask]

Bitcoins? Buy! Buy! Buy! Without Hesitation!

Already bought all the bitcoin I want, actually bought too early ...

There is still way how you can get some more of them:

Open account at Bitfinex. Deposit already bought coins and buy some new with leverage. Don't use max leverage!

[JessicaSe]

Bitcoins? Buy! Buy! Buy! Without Hesitation!

Already bought all the bitcoin I want, actually bought too early ...

There is still way how you can get some more of them:

Open account at Bitfinex. Deposit already bought coins and buy some new with leverage. Don't use max leverage!

Leverage is risky, advice not to use it...

[ask]

Bitcoins? Buy! Buy! Buy! Without Hesitation!

Already bought all the bitcoin I want, actually bought too early ...

There is still way how you can get some more of them:

Open account at Bitfinex. Deposit already bought coins and buy some new with leverage. Don't use max leverage!

Leverage is risky, advice not to use it...

Also life is risky. Don't use it

[mmortal03]

One year ago...

BTC was at 338.71 USD (Bitstamp VWAP)

The rally continued, but some volatility entered the market.
It is possible the current exchange rate will dip below the rate of exactly one year ago in the next 24h...

We'll now stay above where we were 365 days ago for only about 48 hours, then we'll drop below it indefinitely, until a major rally occurs.

[Wekkel]

One year later and beany bean is still no less than 1/4th of peak price. I am impressed.

[xcapator]

The price chart now looks worse than I hoped, and the 12-month-cycle hasn't been repeated as I hoped, it's still possible that the cycle will repeat in a prolonged way. Also it's possible november will echo last years buy panic.

[dnaleor]

 

[keystroke]

Let's not forget there are ~1.5 million more bitcoins in circulation compared to a year ago.

So even though the price remains the same, the market cap has increased from ~4B to ~4.6B.

Source: http://www.coindesk.com/data/bitcoin-market-capitalization/


So it has grown 15% in a year but people are saying it is dead. Funny.

[ErisDiscordia]

I like this thread.

[NotLambchop]

Let's not forget there are ~1.5 million more bitcoins in circulation compared to a year ago.

So even though the price remains the same, the market cap has increased from ~4B to ~4.6B.

Source: http://www.coindesk.com/data/bitcoin-market-capitalization/


So it has grown 15% in a year but people are saying it is dead. Funny.

>deflationary currency
>inflating at 15% per year
Funnier.

P.S:  In a day or two, your "market cap increase" claim will be false

[dnaleor]

Let's not forget there are ~1.5 million more bitcoins in circulation compared to a year ago.

So even though the price remains the same, the market cap has increased from ~4B to ~4.6B.

Source: http://www.coindesk.com/data/bitcoin-market-capitalization/


So it has grown 15% in a year but people are saying it is dead. Funny.

indeed

But it's very much possible that soon the market cap will also be lower than a year ago...

Anyway, bitcoin survived in 2012 when the exchange rate was lower than in 2011. So the current sutuation should not directly mean that BTC is dead...
Although, I hope that the exchange rate wil start a new uptrend within a few months. An anouncement of the Bitcoin ETF could make this happen.

[keystroke]

indeed

But it's very much possible that soon the market cap will also be lower than a year ago...

Anyway, bitcoin survived in 2012 when the exchange rate was lower than in 2011. So the current sutuation should not directly mean that BTC is dead...
Although, I hope that the exchange rate wil start a new uptrend within a few months. An anouncement of the Bitcoin ETF could make this happen.

Exactly. I had to make the point while it was still true.

I'm amazed we're going to get another 10% hash rate increase soon.

A year ago the difficulty was 510,929,738. Now we're at 39,603,666,252. 77x.

If it's still profitable at these prices then we can have some time to go as miners sell OTC.

After that the ETF could be the huge event to "drain the oceans" as aminorex would say.

[Hyena]

[Taras]

EVERYBODY ON LET'S GO

[dnaleor]

One year ago...

BTC was at 299.68 USD (Bitstamp VWAP)

Volatility from yesterday continued and was even higher. First correction in this rally.
Today (2014) we will likely see a higher exchange rate than one year ago

[dnaleor]

some posts:

Yeah baby!!!
VOLATILITY!!!

I wonder if this has anything to do with the resilience in price over the past 24hs.

Max Keiser ‏@maxkeiser

We are waiting to hear about a new MAJOR Bitcoin player news tomorrow... could boost price guidance.

https://twitter.com/maxkeiser/status/399173865026224128

If this has something to do with Bitmit suddenly shutting up shop then we're only in the foothills.

I think it was this (already reported here):
http://www.coindesk.com/shopify-integrates-bitcoin-payments/

probably... or are there other news today?

I thought we might settle back at ~$350 on Gox today, setting up for Monday (in case another bullish week ensues following this).  Plenty of volume now though.  Certainly plenty of capitulation this weekend from those taking down profits..

Am I a wizard?

You guys have got to watch for those dub apps.

I seem to remember some guy saying "anything below $300 is a bargain" - i feel like he almost singlehandedly saved bitcoin

As Bitcoin Plunges 25% On Government Scrutiny, The First BTC "Fair Value" Reco Has A Stunning Price Target

Let’s use a broad guesstimate. One Bitcoin should theoretically be worth 700 ounces of gold or pretty close to $1,000,000, if we adjust existing supply of both to equal eachother. One BTC is currently worth 0.14 ounces of gold. That gives BTC an upside of 5000 times to equal the current price of gold, supply adjusted. Clearly, I and everyone else believes that Gold may well be much higher than here in the next 5 to 10 years, thus versus the US Dollar the upside for BTC could be multiples of that. Now, before you shake your head, simply go back to the chart of Gold versus the US Dollar and just recognise that it has risen 8750% since the 1920s. And just remember that Microsoft rose 61,000% from its IPO to it’s peak. Considering what we know about the world, I personally believe that Bitcoin may well explode in value as more and more people begin to use it. If you stuck $5,000 into Bitcoins and each Bitcoin did go up to a gold equivalent of let’s say, only 100 ounces of gold (not the potential fair value of 700), then at current prices your Bitcoin stash would be worth $3.3m.

http://www.zerohedge.com/news/2013-11-10/bitcoin-plunges-25-government-scrutiny-first-btc-fair-value-reco-has-stunning-price-

For 700 ounces of gold a BTC I'll sell a considerable portion of my Bitcoins.

if it only goes to 1 mil I will be disappoint

I figure 7M probably

BONUS

Incoming apple bottom...

I can watch this all night long 

I didn't see the hoola hoop the first 3 times 

Hey there's a hoola hoop! Neat!

Thanks guys for all the pics. The lady next to me in the train has a nice impression of me now

Ask her if she has a hoola hoop with her!

[seleme]

Lol, I don't even read HOLD even when it's written like that. Don't use that word since HODL one.

[TinaK]

Bitcoins? Buy! Buy! Buy! Without Hesitation!

Already bought all the bitcoin I want, actually bought too early ...

lol, successful man 

[dnaleor]

Lol, I don't even read HOLD even when it's written like that. Don't use that word since HODL one.

that's why I included it 

 

[spazzdla]

One year ago a few of my friends were asking me which altcoin they should buy among : Litecoin, Peercoin and Feathercoin.
My answer was "Bitcoin".
Was it the right choice ?

Clealy... almost all others have fallen over 90%..

[keystroke]

One year ago a few of my friends were asking me which altcoin they should buy among : Litecoin, Peercoin and Feathercoin.
My answer was "Bitcoin".
Was it the right choice ?

Clealy... almost all others have fallen over 90%..

Haha, why must the masses always get it wrong? Gotta laugh at it but so sad.

[Hyena]

One year ago a few of my friends were asking me which altcoin they should buy among : Litecoin, Peercoin and Feathercoin.
My answer was "Bitcoin".
Was it the right choice ?

Clealy... almost all others have fallen over 90%..

Haha, why must the masses always get it wrong? Gotta laugh at it but so sad.

My answer has always been Peercoin. You can say that it has fallen over 90% but it also went to da nebulas in comparison to Bitcoin's rally to 1000+. What is more, in the end it settled down at its starting point before Bitcoin's last big bubble so whoever bought into PPC at that time were never in a loss.

Just look at the graph and do your thinking:

[xmasdobo]

One year ago a few of my friends were asking me which altcoin they should buy among : Litecoin, Peercoin and Feathercoin.
My answer was "Bitcoin".
Was it the right choice ?

Clealy... almost all others have fallen over 90%..

Haha, why must the masses always get it wrong? Gotta laugh at it but so sad.

My answer has always been Peercoin. You can say that it has fallen over 90% but it also went to da nebulas in comparison to Bitcoin's rally to 1000+. What is more, in the end it settled down at its starting point before Bitcoin's last big bubble so whoever bought into PPC at that time were never in a loss.

Just look at the graph and do your thinking:

What coin do you recommend at this point that you see as relatively cheap? with Bitcoin im not going to achieve anything by just holding, or at least not unless I want to be a rich grandpa. I need a relatively low price coin that may blow up in the future. What about Monero?

[Hyena]

What coin do you recommend at this point that you see as relatively cheap? with Bitcoin im not going to achieve anything by just holding, or at least not unless I want to be a rich grandpa. I need a relatively low price coin that may blow up in the future. What about Monero?

Peercoin has a really good price at the moment. Also, 0.000008 BTC per NuShare is a really good price, so pay attention --- if the price goes near 0.000008 BTC, buy in. I bought 6 BTC worth of NuShares a couple of weeks ago and now they are worth ~11 BTC, easy money. I don't know about other cryptos because you have to know the devs and community in order to make a good investment and not just gamble. I personally have been into Sunny King's coins ever since PeerCoin was created and I know that those dudes are constantly working on projects to make their coins succeed in the long run.

[Wekkel]

What coin do you recommend at this point that you see as relatively cheap? with Bitcoin im not going to achieve anything by just holding, or at least not unless I want to be a rich grandpa. I need a relatively low price coin that may blow up in the future. What about Monero?

Peercoin has a really good price at the moment. Also, 0.000008 BTC per NuShare is a really good price, so pay attention --- if the price goes near 0.000008 BTC, buy in. I bought 6 BTC worth of NuShares a couple of weeks ago and now they are worth ~11 BTC, easy money. I don't know about other cryptos because you have to know the devs and community in order to make a good investment and not just gamble. I personally have been into Sunny King's coins ever since PeerCoin was created and I know that those dudes are constantly working on projects to make their coins succeed in the long run.

Missed two good Peercoin runs in the past by dropping out too soon. Won't happen a third time and indeed, Peercoin is active but also attractively priced.

[dnaleor]

What coin do you recommend at this point that you see as relatively cheap? with Bitcoin im not going to achieve anything by just holding, or at least not unless I want to be a rich grandpa. I need a relatively low price coin that may blow up in the future. What about Monero?

Monero. I don't want to "pump" it. But the devs are seriously working on something great:
the anonimity features are far better than how DRK works.
They implemented and are implementing other innovative things, such as dynamic checkpointing (never done by BTC) and stealth multisig (you can't tell an address is a multisig address. So really anonymous online transactions! Still work in progress)
Once the code is updated (they are working on some RAM issues at the moment) they will release the GUI.
I expect some really nice new wave of adoption.

[dnaleor]

One year ago...

BTC was at 334.61 USD (Bitstamp VWAP)

The volatility went down again. Bitcoin pushing for new highs. Current exchange rate will likely stay above the exchange rate of one year ago in the next 24 hours.



The "old posts of the day" will have to wait. I just came back from a poker night with my friends, it's 5:02 CET at the moment
(I lost 0.55 EUR total after 7 hours of playing poker LOL )

[Bulletin]

one year ago the price was a lot better

[carlosiness]

mtgox was working.. but soon our bitcoins disappeared...

[dnaleor]

one year ago...

BTC was at 350.49 USD (Bitstamp VWAP)


We will probably stay above this exchange rate. Although it's getting closer...

[dnaleor]

Excuse me for not posting "old posts" recently. I am busy lately, but I promise I will resume posting them Soon ^TM

***
one year ago...

BTC was at 378.91 USD (Bitstamp VWAP)

Volatility went down again and the rally continued. BTC was pushing to break 400 USD, but it didn't happen.

Thanks to the rally yesterday, there is a large chance that today we stay above the exchange rate of one year ago

[Wary]

What coin do you recommend at this point that you see as relatively cheap? with Bitcoin im not going to achieve anything by just holding, or at least not unless I want to be a rich grandpa. I need a relatively low price coin that may blow up in the future. What about Monero?

Monero. I don't want to "pump" it. But the devs are seriously working on something great:
the anonimity features are far better than how DRK works.
They implemented and are implementing other innovative things, such as dynamic checkpointing (never done by BTC) and stealth multisig (you can't tell an address is a multisig address. So really anonymous online transactions! Still work in progress)
Once the code is updated (they are working on some RAM issues at the moment) they will release the GUI.
I expect some really nice new wave of adoption.

Monero is stuck on 12-th-13-th place in http://coinmarketcap.com/ for almost half a year (AFAIK), which is eternity in coinspace.

[windjc]

Excuse me fort not posting "old posts" recently. I am busy lately, but I promise I will resume posting them Soon ^TM

***
one year ago...

BTC was at 378.91 USD (Bitstamp VWAP)

Volatility went down again and the rally continued. BTC was pushing to break 400 USD, but it didn't happen.

Thanks to the rally yesterday, there is a large chance that today we stay above the exchange rate of one year ago

Lol. Its almost like the 2014 market is rallying to avoid being overtaken by 2013 market stats.

[dnaleor]

What coin do you recommend at this point that you see as relatively cheap? with Bitcoin im not going to achieve anything by just holding, or at least not unless I want to be a rich grandpa. I need a relatively low price coin that may blow up in the future. What about Monero?

Monero. I don't want to "pump" it. But the devs are seriously working on something great:
the anonimity features are far better than how DRK works.
They implemented and are implementing other innovative things, such as dynamic checkpointing (never done by BTC) and stealth multisig (you can't tell an address is a multisig address. So really anonymous online transactions! Still work in progress)
Once the code is updated (they are working on some RAM issues at the moment) they will release the GUI.
I expect some really nice new wave of adoption.

Monero is stuck on 12-th-13-th place in http://coinmarketcap.com/ for almost half a year (AFAIK), which is eternity in coinspace.

yes, partially due to Darkcoin getting more attention and the fact that XMR isn't very usable at the moment. But that will change in a short matter of time

[dnaleor]

Excuse me fort not posting "old posts" recently. I am busy lately, but I promise I will resume posting them Soon ^TM

***
one year ago...

BTC was at 378.91 USD (Bitstamp VWAP)

Volatility went down again and the rally continued. BTC was pushing to break 400 USD, but it didn't happen.

Thanks to the rally yesterday, there is a large chance that today we stay above the exchange rate of one year ago

Lol. Its almost like the 2014 market is rallying to avoid being overtaken by 2013 market stats.

yeah, it's really almost "a thing" now 
Although I  suspect that the BTC rally of the 18th november 2013 from 470 to 670 USD in 24hours will not repeat itself...

[Taras]

heart in mouth

did anyone get the gif on bitcoinity when we hit 400? shuda been nice no? or do they only happen for stamp prices now?

Ask and you shall receive:

Pizza index: $4,000,000
If it wasn't a pizza for gods earlier, it is now.

2013 BTC is catching up to 2014 BTC

[marvinrouge]

yeah, it's really almost "a thing" now  
Although I  suspect that the BTC rally of the 18th november 2013 from 470 to 670 USD in 24hours will not repeat itself...

I doubt we break easily 480-500 wall. Huge resistance there. But in the case we break it, I won't be surprised to reach 600s in few hours.

[dnaleor]

wasn't able to post todays chart in time. Here it is:

One year ago...

BTC was at 409.77 USD (Bitstamp VWAP)

Bitcoin broke 400 USD for the first time in history.
Currently, we are below the exchange rate of one year ago 

[ravenjt]

This weekend will see carnage.

[belmonty]

wasn't able to post todays chart in time. Here it is:

One year ago...

BTC was at 409.77 USD (Bitstamp VWAP)

Bitcoin broke 400 USD for the first time in history.
Currently, we are below the exchange rate of one year ago 

The last 24 hour's Bitstamp high was 425.0 and it's low was 382. The price is now 400.5 which is 50 cents above the exchange rate of one year ago. We are well above whatever the price was two years ago.

[dnaleor]

One year ago...

BTC was at 417.63 USD (Bitstamp VWAP)

Let's hope the current exchange rate will manage to get above the one of one year ago at the end of the day...

[mmortal03]

One year ago...

BTC was at 417.63 USD (Bitstamp VWAP)

Ley's hope the current exchange rate will manage to get above the one of one year ago at the end of the day...

Gotta break $430. We actually did already; just four days too early.

[navigator]

Why can't we be like Apple?



From http://steadfastfinances.com/blog/2009/10/24/some-tech-bubble-stocks-finally-breaking-even-after-a-10-year-wait/

Apple

The Apple that we see in 2009 isn’t the Apple that existed in 1999. Steve Jobs wasn’t in the picture, no one but Napster had made any significant headway on the MP3 front, and Wall Street really didn’t care all that much about Apple because everyone thought that Microsoft would take over the world.

However, I included Apple in this simple case study to show how well a stock can perform — regardless of stock market crashes and investment bubbles — when Wall Street believes a true growth story exists.

[dnaleor]

sorry for this delayed pot of today

One year ago...

BTC was at 433.34 USD (Bitstamp VWAP)


doesn't look good. We are 50 USD below

[galdur]

What was the volume like there a year ago ?

[dnaleor]

One year ago...

BTC was at 462.58 USD (Bitstamp VWAP)

***

A small miracle needs to happen if we want to close above the one year old exchange rate today. But certainly possible. It seems that BTC is recovering from the last dumps below 400.

[micalith]

[mmortal03]

This was from a little over a year ago. The formula would put us at $2112 today (and $2738 at the end of the year):

Hello,

I've just seen link for interesting chart on btc-e chat.

One user posted this:



Looks crazy couse this is logarithmic scale. Hard to believe that this prediction will happen but..

What do you think about this?

[dnaleor]

I have an updated one in my excel files

[galdur]

So, how does the microscopic volume of today (and the last several months) compare to that of a year ago ?

[dnaleor]

One year ago...

BTC was at 549.70 USD (Bitstamp VWAP)

A miracle need to happen if we want to close above the echange rate of one year ago 

[mmortal03]

I have an updated one in my excel files

Excellent. Definitely fits all but the very beginning time period better than Stephen Reed's model (https://bitcointalk.org/index.php?topic=366214.0) (at least for the moment). Latest update from him: https://docs.google.com/spreadsheet/ccc?key=0ArD8rjI3DD1WdFIzNDFMeEhVSzhwcEVXZDVzdVpGU2c#gid=1



However, I do like the following one from Trolololo even better, though, as it accounts for all time periods very elegantly: https://bitcointalk.org/index.php?topic=831547.0

[calchuchesta]

Lol, I remember the astronaut in the moon image in MtGox when btc hit 1k.

[Omikifuse]

One year ago...

BTC was at 462.58 USD (Bitstamp VWAP)

***

A small miracle needs to happen if we want to close above the one year old exchange rate today. But certainly possible. It seems that BTC is recovering from the last dumps below 400.

One day ago, and bitcoin is fallling below the 400 level.

The prophecies are getting outdated faster and faster

[dnaleor]

I was busy + some internet problems in the last days, anyway, here are the charts


nov 19: one year ago...

BTC was at 597.83 USD


nov 20: one year ago...

BTC was at 542.03 USD


nov 21: one year ago...

BTC was at 666.17 USD

A year ago, we were reaching new ATH's again...
Meanwhile, fear is back to go below 275 USD...

[dnaleor]

problems solved (for now) it seems, so back to my daily post:

One year ago...

BTC was at 743.65 USD (Bitstamp VWAP)

Rally continued and was pushing for 800 USD.


Today... Not much to tell, exchange rate drifting lower. Not a real crash, just a little bearish.

[arbitrage001]

Seem like everyone is betting another bubble on year end because of last year astronomical jump.

Wish trading and gambling are that simple.

[dnaleor]

One year ago...

BTC was at 832.85 USD (Bitstamp VWAP)

[dnaleor]

One year ago...

BTC was at 795.08 USD (Bitstamp VWAP)

Rally consolidated around 800 USD...

Meanwhile BTC slwoly going up again

[dnaleor]

One year ago...

BTC was at 807.80 USD

[dnaleor]

One year ago...

BTC was at 849.32 USD

[dnaleor]

One year ago...

BTC was at 937.09 USD (Bitstamp VWAP)


I think gox went above 1000 USD a year ago. Bisttamp was trying hard to keep up.
Oh man, in hindsight, we should have sold and bought back today  

[coinableS]

Looking back today, last year's November was just utterly insane. Nothing could stop the price drive.

[dnaleor]

One year ago...

BTC was at 998.56 USD


BTC broke 1000 USD on Bitstamp...

[dnaleor]

One year ago...

BTC was at 1065.36 USD

Insane rally continued...

[Arrogantx]

One year ago...

BTC was at 1065.36 USD

Insane rally continued...

Love the thread, and love to reminisce let's get these prices back on track lol

[dnaleor]

One year ago...

BTC was at 1065.36 USD

Insane rally continued...

Love the thread, and love to reminisce let's get these prices back on track lol

i should get some quotes from teh wall observer of exactly one year ago. This was MADNESS...

Will probably do it after I've slept

[mmortal03]

A year ago tomorrow was the peak of the dead cat bounce.

[LOBSTER]

..everything was better. Price was amazing

[pouriahector]

i think in 2014 some people control bitcoin's price.caz bad newses falls price and good newses does'nt change any thing.like microsoft accept bitcoin,like dell accepts bitcoin,like paypal
http://parsbtc.com

[waaat?]

i think in 2014 some people control bitcoin's price.caz bad newses falls price and good newses does'nt change any thing.like microsoft accept bitcoin,like dell accepts bitcoin,like paypal
http://parsbtc.com

yeah. Miners control the price. But guess what: it not even their fault

[asdlolciterquit]

i think in 2014 some people control bitcoin's price.caz bad newses falls price and good newses does'nt change any thing.like microsoft accept bitcoin,like dell accepts bitcoin,like paypal
http://parsbtc.com

yeah. Miners control the price. But guess what: it not even their fault

uhm...why not? then...who is to blame?

[BitCoinNutJob]

..everything was better. Price was amazing

nah look at the year we've had in 2014, big players are now in the game the price just has to catch up, we went too high too soon.

[mmortal03]

A year ago tomorrow was the peak of the dead cat bounce.

Over that hump. It was all downhill from here.

[NotLambchop]

... the price just has to catch up...

Lol, will never "catch up" by running in the wrong direction

[carlosiness]

... the price just has to catch up...

Lol, will never "catch up" by running in the wrong direction

never say never, who knows