Re: Is bitcoin even still after the crash over valued???
If you look at the exponential moving averages for one and two year time scales you can see a long term correction between $30 to $20 possible -
http://www.bitcoincharts.com/charts/chart.png?width=940&m=mtgoxUSD&SubmitButton=Draw&r=1460&i=&c=0&s=&e=&Prev=&Next=&t=S&b=&a1=EMA&m1=365&a2=EMA&m2=731&x=0&i1=&i2=&i3=&i4=&v=1&cv=0&ps=0&l=0&p=0&
http://www.bitcoincharts.com/charts/chart.png?width=940&m=mtgoxUSD&SubmitButton=Draw&r=1460&i=&c=0&s=&e=&Prev=&Next=&t=S&b=&a1=EMA&m1=365&a2=EMA&m2=731&x=0&i1=&i2=&i3=&i4=&v=1&cv=0&ps=0&l=0&p=0&
This chart is absolutely insane. Why can't bitcoiners be satisfied with 100% gains per year the way satoshi intended
