Bitcoin Forum
April 02, 2024, 08:55:36 AM *
News: Latest Bitcoin Core release: 26.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1] 2 »  All
  Print  
Author Topic: Bitcoincharts: Three months since we've had a red week.  (Read 4423 times)
elux (OP)
Legendary
*
Offline Offline

Activity: 1458
Merit: 1006



View Profile
August 02, 2012, 01:07:11 AM
Last edit: August 02, 2012, 01:44:07 AM by elux
 #1

Take a step back from the intraday noise and chaos for a moment. Notice, it's been a full three months since we've had a red week.



Live version: http://bitcoincharts.com/charts/mtgoxUSD#rg90zigWeeklyztgSzm1g10zm2g25zv

Green fields forever, or time to see some blood? Smiley
1712048136
Hero Member
*
Offline Offline

Posts: 1712048136

View Profile Personal Message (Offline)

Ignore
1712048136
Reply with quote  #2

1712048136
Report to moderator
1712048136
Hero Member
*
Offline Offline

Posts: 1712048136

View Profile Personal Message (Offline)

Ignore
1712048136
Reply with quote  #2

1712048136
Report to moderator
Activity + Trust + Earned Merit == The Most Recognized Users on Bitcointalk
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1712048136
Hero Member
*
Offline Offline

Posts: 1712048136

View Profile Personal Message (Offline)

Ignore
1712048136
Reply with quote  #2

1712048136
Report to moderator
1712048136
Hero Member
*
Offline Offline

Posts: 1712048136

View Profile Personal Message (Offline)

Ignore
1712048136
Reply with quote  #2

1712048136
Report to moderator
Hexadecibel
Human Intranet Liason
VIP
Hero Member
*
Offline Offline

Activity: 571
Merit: 504


I still <3 u Satoshi


View Profile
August 02, 2012, 01:49:49 AM
 #2

blood makes the green grass grow
adamstgBit
Legendary
*
Offline Offline

Activity: 1904
Merit: 1037


Trusted Bitcoiner


View Profile WWW
August 02, 2012, 02:13:59 AM
 #3

falling knife PLEASE  Grin

kiwiasian
Full Member
***
Offline Offline

Activity: 168
Merit: 100


View Profile
August 02, 2012, 02:16:07 AM
 #4

Take a step back from the intraday noise and chaos for a moment. Notice, it's been a full three months since we've had a red week.


Good.

Tradehill referral link, save 10% | http://www.tradehill.com/?r=TH-R12328
www.payb.tc/kiwiasian | 1LHNW1JGMBo2e7rKiiFz7KJPKE57bqCdEC
ineededausername
Hero Member
*****
Offline Offline

Activity: 784
Merit: 1000


bitcoin hundred-aire


View Profile
August 02, 2012, 02:51:29 AM
 #5

My vote is in for green fields forever! Smiley

...or at least until the reward drop.

(BFL)^2 < 0
Spekulatius
Legendary
*
Offline Offline

Activity: 1022
Merit: 1000



View Profile
August 02, 2012, 04:22:15 PM
 #6

If we keep this pace, by November we will hit ye olde all time again. (too bad, ill sell before that Wink
perlboy
Member
**
Offline Offline

Activity: 80
Merit: 10


View Profile WWW
August 04, 2012, 01:49:29 AM
 #7

My vote is in for green fields forever! Smiley

...or at least until the reward drop.

I'm not an economist but wouldn't the inverse happen? If the reward halves the same compute resource is now only delivering 50% of it's original value and consequently the overall per BTC price worth would have increased?

When ASICs get here a heap of things will change but if enough miners jump on board with 1,000GH/sec rigs then it might just equalise out over time anyway (ie. the 50% cut in reward is countered by a 100% increase in mining power).

Stu

Numis Token - Numismatic Coins attached to the Ethereum network
Biza•io - Blockchain based banking software
ineededausername
Hero Member
*****
Offline Offline

Activity: 784
Merit: 1000


bitcoin hundred-aire


View Profile
August 04, 2012, 03:02:55 AM
 #8

Let this be our 11th week!


(BFL)^2 < 0
Yuhfhrh
Full Member
***
Offline Offline

Activity: 238
Merit: 100



View Profile
August 04, 2012, 08:16:41 AM
 #9

Let this be our 11th week!



That green looks so pretty! And that chart looks exponential o.O
hazek
Legendary
*
Offline Offline

Activity: 1078
Merit: 1002


View Profile
August 04, 2012, 10:27:45 AM
 #10

It's likely a short term bubble.. this is suppose to happen, when the price pendulum swings it always overshoots, right now it's overshooting to the upside. Once people realize they've got enough BTC and start selling the pendulum will change course and swing back to the lower price direction and overshoot again as the bubble pops.

My personality type: INTJ - please forgive my weaknesses (Not naturally in tune with others feelings; may be insensitive at times, tend to respond to conflict with logic and reason, tend to believe I'm always right)

If however you enjoyed my post: 15j781DjuJeVsZgYbDVt2NZsGrWKRWFHpp
cypherdoc
Legendary
*
Offline Offline

Activity: 1764
Merit: 1002



View Profile
August 04, 2012, 11:15:02 AM
 #11

It's likely a short term bubble.. this is suppose to happen, when the price pendulum swings it always overshoots, right now it's overshooting to the upside. Once people realize they've got enough BTC and start selling the pendulum will change course and swing back to the lower price direction and overshoot again as the bubble pops.

Yes but the overshoot is going to exceed the previous highs by more than anyone can imagine before coming back to test 32.
hazek
Legendary
*
Offline Offline

Activity: 1078
Merit: 1002


View Profile
August 04, 2012, 12:04:43 PM
 #12

That's entirely possible.

My personality type: INTJ - please forgive my weaknesses (Not naturally in tune with others feelings; may be insensitive at times, tend to respond to conflict with logic and reason, tend to believe I'm always right)

If however you enjoyed my post: 15j781DjuJeVsZgYbDVt2NZsGrWKRWFHpp
proudhon
Legendary
*
Offline Offline

Activity: 2198
Merit: 1311



View Profile
August 04, 2012, 12:09:17 PM
 #13

It's likely a short term bubble.. this is suppose to happen, when the price pendulum swings it always overshoots, right now it's overshooting to the upside. Once people realize they've got enough BTC and start selling the pendulum will change course and swing back to the lower price direction and overshoot again as the bubble pops.

Yes but the overshoot is going to exceed the previous highs by more than anyone can imagine before coming back to test 32.

This makes me confident that we're already at or near the top.

Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
ineededausername
Hero Member
*****
Offline Offline

Activity: 784
Merit: 1000


bitcoin hundred-aire


View Profile
August 04, 2012, 01:29:18 PM
 #14

It's likely a short term bubble.. this is suppose to happen, when the price pendulum swings it always overshoots, right now it's overshooting to the upside. Once people realize they've got enough BTC and start selling the pendulum will change course and swing back to the lower price direction and overshoot again as the bubble pops.

Yes but the overshoot is going to exceed the previous highs by more than anyone can imagine before coming back to test 32.

This makes me confident that we're already at or near the top.

You were "confident" at $7.2, $8 and $9.  Your confidence has no credibility Smiley

(BFL)^2 < 0
aq
Full Member
***
Offline Offline

Activity: 238
Merit: 100


View Profile
August 04, 2012, 01:34:53 PM
 #15

It's likely a short term bubble.. this is suppose to happen, when the price pendulum swings it always overshoots, right now it's overshooting to the upside. Once people realize they've got enough BTC and start selling the pendulum will change course and swing back to the lower price direction and overshoot again as the bubble pops.

Yes but the overshoot is going to exceed the previous highs by more than anyone can imagine before coming back to test 32.

This makes me confident that we're already at or near the top.

You were "confident" at $7.2, $8 and $9.  Your confidence has no credibility Smiley
He even promised that he will drop the bear, once we get over $8. So much about credibility Cheesy
Cablez
Legendary
*
Offline Offline

Activity: 1400
Merit: 1000


I owe my soul to the Bitcoin code...


View Profile
August 04, 2012, 02:01:25 PM
Last edit: August 04, 2012, 02:23:11 PM by Cablez
 #16

Will you drop the bear at $12 and don some horns?


Tired of substandard power distribution in your ASIC setup???   Chris' Custom Cablez will get you sorted out right!  No job too hard so PM me for a quote
Check my products or ask a question here: https://bitcointalk.org/index.php?topic=74397.0
labestiol
Sr. Member
****
Offline Offline

Activity: 434
Merit: 251


View Profile
August 12, 2012, 12:46:38 AM
 #17



13th week  Shocked Grin

1BestioLC7YBVh8Q5LfH6RYURD6MrpP8y6
420
Hero Member
*****
Offline Offline

Activity: 756
Merit: 500



View Profile
August 12, 2012, 01:31:16 AM
 #18

correction coming soon?

Donations: 1JVhKjUKSjBd7fPXQJsBs5P3Yphk38AqPr - TIPS
the hacks, the hacks, secure your bits!
ruski
Full Member
***
Offline Offline

Activity: 350
Merit: 100


View Profile
August 12, 2012, 01:36:34 AM
 #19

correction coming soon?

Afraid of being left behind?

smoothie
Legendary
*
Offline Offline

Activity: 2492
Merit: 1473


LEALANA Bitcoin Grim Reaper


View Profile
August 12, 2012, 02:29:14 AM
 #20

It's likely a short term bubble.. this is suppose to happen, when the price pendulum swings it always overshoots, right now it's overshooting to the upside. Once people realize they've got enough BTC and start selling the pendulum will change course and swing back to the lower price direction and overshoot again as the bubble pops.

Yes but the overshoot is going to exceed the previous highs by more than anyone can imagine before coming back to test 32.

This makes me confident that we're already at or near the top.

You were "confident" at $7.2, $8 and $9.  Your confidence has no credibility Smiley


Wasn't proudhon supposed to take down the bear at $8+?

Looks like someone who can't keep his word to me.

███████████████████████████████████████

            ,╓p@@███████@╗╖,           
        ,p████████████████████N,       
      d█████████████████████████b     
    d██████████████████████████████æ   
  ,████²█████████████████████████████, 
 ,█████  ╙████████████████████╨  █████y
 ██████    `████████████████`    ██████
║██████       Ñ███████████`      ███████
███████         ╩██████Ñ         ███████
███████    ▐▄     ²██╩     a▌    ███████
╢██████    ▐▓█▄          ▄█▓▌    ███████
 ██████    ▐▓▓▓▓▌,     ▄█▓▓▓▌    ██████─
           ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌          
           ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌          
    ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─  
     ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩    
        ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀       
           ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`          
                   ²²²                 
███████████████████████████████████████

. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.                  History of Monero development Visualization ★☆ .
LEALANA BITCOIN GRIM REAPER SILVER COINS.
 
Pages: [1] 2 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!