Quote from: S3052 on September 30, 2011, 03:06:30 PM

Quote from: ElectricMucus on September 30, 2011, 02:49:33 PM

If you are talking about the nasdaq, then yes it recovered, there has been a upward trend since 2002 which continues today. In the case of bitcoin however the timescales are different, people like to compress price developments over decades to the 2 years of bitcoin which cannot really be done, except for some fundamental truths in market movements.

where is the recovery in the nasdaq? we have just seen a dead cat bounce before we see low triple digits in the next years.

But there is no correlation with bitcoin which is still in an uptrend. The nasdaq, however, is not in an uptrend any more.

http://imghaven.com/images/23856/ndx20110930.png

If that's a dead cat bounce it must be an undead cat Grin

Why was the recent high above the high in 08? Doesn't make sense...

Also if you plot the chart from an earlier period to today and not start at the short period of hyperbolic movement the bubble suddenly looks way less impressive, on the logarithmic chart not even like a bubble at all.

But lets screw trend predictions, they aren't that useful in the current state of the world economy anyway.
As for bitcoin i would say we have a 50/50 chance that we seriously test the longterm trend now. If popularity continues to decline for the next month this is even likely. But not for long the next hype cycle will be coming next year...