Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
rpietila
on 12/12/2013, 11:55:40 UTC
And if you don't know that the 2011 bubble went below its previous starting point

The 2011 bubble's starting point was $0.06.
The bottom after the crash was $1.99



What is especially interesting is that if you draw a least-squares fit trendline in the logarithmic price chart here, you get the same (+/- 10%) slope as with the whole of Bitcoin's price appreciation over the 5 years of its existence. Also if you take only 2013 as your data, again, same thing.

Now be my guest and rush to buy bitcoins and not understand that this information is only available because I spent days modelling it.  Wink