Post
Topic
Board Economics
Re: Why bitcoins are dropping, and will continue to do so
by
5grainsilver
on 12/07/2011, 21:19:23 UTC
Yeah but if you are going to use daily charts you need to use mtgox, because tradehill data only goes back like 30 days.  If you see the full picture on the long term chart, you see a parabolic run up from zero to 30, followed by a blowoff top, a triangle breakdown, and a pause with a downward drift we are in right now before the next leg which will probably be down to sub 10. 



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