Quote from: Riffed on February 25, 2014, 04:54:52 AM

Quote from: phr0stbyt3 on February 25, 2014, 04:45:32 AM

The BTC price has been pretty gag inducing for the last several weeks; peeking above $700 a few times, hovering around $600 most of the time with some dips into the $500s. Without saying stupid shit like "Don't invest more than you can afford to lose!" can anyone give me some sound advice? I've been hodling ever since I missed the last all time high. I laughed when bitcoin got valuated at $1300 each but now I feel like maybe it wasn't that funy.

I'm sure the recent dip below $500 is because of this Mtgox shit (which shouldn't really be a surprise to anyone TBH) but what's really going on here?

Big stacks of bitcoins staggering their dump on us?

Market manipulation?

Ghostbusters 3 was announced?

1. Go to www.bitcoinwisdom.com
2. Select Bitstamp (or MtGox if you ignore this month), 1 week interval, and choose Logarithmic in Settings.
3. See if you can detect a pattern beginning in 2011...

While past performance is no indication of future results, patterns often repeat.

Holy shit they're almost identical.