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Author Topic: Bitcoin went out of exponential trend into linear downtrend [TA inside]  (Read 3641 times)
DieJohnny
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February 05, 2015, 01:02:09 AM
 #41

Seriously ask yourself if Bitcoin will ever trade at $10 again. That is a 130 million market cap....

It isn't going to happen.

1. Fatal flaw found, bitcoins stolen in mass
2. Total global government ban with prison time for some

Other than that finding a million zealots to plunk down $130 on bitcoin is cake.

Hell right now it only takes a million zealots to pluk down $3000 to make it work 3 billion, and if you remove the whales much, much less than that.

Probably takes a million zealots only $1000 to support the current price.

Next wave up will be so painful to watch unless you are accumulating.


Those who hold and those who are without property have ever formed distinct interests in society
findftp
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February 05, 2015, 08:50:02 AM
 #42


Congratulations, you win the price for the most arbitrary lines ever drawn in the history of bitcointalk.org!

"Fonzie" is that the name of a muppet ? Sounds quite appropriate.

Those lines aren't arbitrary btw, carefully plotted

Heres another version specially for you.




Can you make the same picture with the bottom of the 2011 bubble connected to the january 2015 bottom?


Like this ?



Thats an interesting slope!

Yes, thank you very much.
fonzie
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February 05, 2015, 08:52:24 AM
 #43


Congratulations, you win the price for the most arbitrary lines ever drawn in the history of bitcointalk.org!

"Fonzie" is that the name of a muppet ? Sounds quite appropriate.

Those lines aren't arbitrary btw, carefully plotted

Heres another version specially for you.




Can you make the same picture with the bottom of the 2011 bubble connected to the january 2015 bottom?


Like this ?



Thats an interesting slope!

Congratulations, you now have 5 trendlines that are based on another one with 2 arbitrary chosen points. Are you sure that you understand the concept of "drawing lines"?. Lol
This almost looks like the graph of @igorr... At least he was funny.

(each 1st in month new chart with lines)
Can't wait to see it.  Today is the day!

Today is 1st Jun 2014 and time for new chart,
seems blue zone is broken, but its just beginning, (not yet)



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afbitcoins
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February 05, 2015, 09:33:15 AM
 #44

Thanks for the advice fonzie

Elwar
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February 05, 2015, 09:34:13 AM
 #45

Just as Bitcoin was above the linear trend line, it is below it now. Great time to be buying bitcoins.


First seastead company actually selling sea homes: Ocean Builders https://ocean.builders  Of course we accept bitcoin.
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