Post
Topic
Board Speculation
Re: Bitcoin will never reach $20 again
by
S3052
on 30/09/2011, 15:06:30 UTC
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