Chainsaw
Hero Member
*****
Offline Offline

Activity: 625
Merit: 500


x


View Profile Personal Message (Offline)

Ignore
June 04, 2015, 03:55:14 PM

What says the graphs about the future of btc?
The graphs are just recordings of old prices. They tell you about the past, not the future.  Wink
Haha, yea you are right. It does looks like someone is just looping the prices in front of us like Keanu Reeves did to Dustin Hoffman with the bus security camera in Speed. I turn on the computer each morning and it's all the same thing. We had the bitlicense thingy yesterday which was different but the price didn't care. Are volatile days of bitcoin over? When was the last time we saw a 20% move in a day? It's been a while.

One of the most surreal moments in my bitcoin experience was when Gox's order book started displaying a loop of the last 10-15 minutes of trades. Then the 'bug' would clear, and all the trades on the order book would resolve. The price might have showed $250 and the next instant you filled for $220 or $300.

The same cycle happened two or three times in one night.  It was even more surreal when you started including in your analysis the possibility of being in a time loop.