Quote from: altcoiner555 on February 26, 2017, 08:43:35 PM

Quote from: Nihil5 on February 26, 2017, 08:31:00 PM

Quote from: liputin on February 26, 2017, 08:21:01 PM

is it me or is decred on same pattern as ethereum was 2016?? look at this daily Chart and compare, jan-feb 2016(eth) - and jan-feb 2017(dcr), in my opinion we are at first wave still..

http://i.imgur.com/pAZ0Fxg.png

Most of the spikes correspond to specific events, like the marketing last month before the news about them talking at some conference (or more often just people trying to pump it for a quick buck).

Any similarities you find with graphs on other coins are coincidental, the price will probably keep spiking, dropping and slowly stabilising higher over time until it finally starts being used as a payment method.

At the moment DCR isn't really being used, the price is controlled by what people are willing to pay to invest in it. There's no point trying to find patterns in something like that.

Market structure is not coincidental, if that was the case technical analysis would not work.

Decred is being used as much as other asset that have market caps many multiples higher, and has equal and in many cases much more development.

What is DCR being used for currently?

You also aren't looking at market characteristics, and whether or not technical analysis works is highly questionable. It's considered a pseudoscience for a reason, and even then an actual technical analysis is more in depth than comparing chart patterns.

What you have done is compare two parts of completely different graphs, stated they look similar and therefore will probably follow the same pattern. That simply is not true.

I like DCR, it looks like a cool currency and I'm sure it will do well long term, but it's price is going to be impacted by news releases and (eventually) it's adoption rate. It isn't just going to magically follow the curve of another currency, that was released under different circumstances.