Post
Topic
Board Economics
Re: Monthly average USD/bitcoin price & trend
by
molecular
on 11/12/2013, 08:19:10 UTC
OP updated to the best chart (by tonico).

I did some very interesting analysis re:the similarities of relative overvaluation in April and now. In April we were "only" about 3.2x the then current trendline when the bubble popped.

Now the high value has been similarly 3.3x (at ATH).

If the bubbles compare, expect $400s to be visited not only briefly but repeatedly.

Call me naive, but maybe bubbles don't pop as hard any more these days and it's already over.

Yes, there may be wishful thinking behind this. But think about it: each "bubble" has "popped" less hard and quicker than the one before. So maybe we're already on the way to break the ATH (Risto, you can then buy again at the ATH, which is best point to buy).

Just a thought.