Quote from: fr33d0miz3r on July 16, 2014, 05:43:37 AM

Quote from: Raystonn on July 16, 2014, 05:38:29 AM

1) Bitcoin has never dropped down to the previous peak after dropping from the current peak.
2) No bubble peak has ever been below the last one.

This chart doesn't look remotely realistic.

The first 2 peaks on my chart are below $32 - the peak of 2011.

It doesn't matter where we should have a peak. The time for this "bubble" is over. Gonna crash hard.

What your chart shows is the floor after each peak is established 214 days after the previous peak. That would make the current price the floor for the next bubble burst. But that assumes the days between bubbles is always constant. I don't think anyone ever took that seriously. It's just a coincidence.