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How do you support the statement "It goes up 5-10x, then crashes to roughly 2x where it started, stays still for a while, and then repeats"? It was flat for a l
by CommieBobDole 8y ago
How do you support the statement "It goes up 5-10x, then crashes to roughly 2x where it started, stays still for a while, and then repeats"? It was flat for a long time, it rapidly peaked at somewhere north of 19k, and has been on a fairly steady decline for most of the past year, with occasional price spikes.
If what you say was true, the price would be rising. Which it's not.
- darawk 8y agoYou seem to have chosen arbitrary time frames. You know that after 2013 it was stagnant for several years, right? > then crashes to roughly 2x where it started, I consider it to have started in the beginning of 2017, around $1k.
- CommieBobDole 8y agoFair enough, I was looking at a chart that apparently didn't go back that far. However, looking at another chart that goes back to mid 2010, I don't see it either. Can you point me to a chart and time frame during which the behavior described was occurring? It looked like it did something sort of like that (but not at the magnitudes described) a couple of times in the runup to $19k in late 2017, and I see a big spike in late 2013, but I don't see any sort of real pattern of any type, other than the fairly consistent small price spike after a big drop that comes from people buying at bargain prices.
- darawk 8y agoI can't find a great one...but if you go here: https://99bitcoins.com/price-chart-history/ https://99bitcoins.com/price-chart-history/ And click on 'all' and select 'logarithmic scale' (beneath the chart), you can see it fairly clearly.