TwiSell
Short

Well well... let's have a look a this nice bubble

BITSTAMP:BTCUSD   Bitcoin / Dollar
75 7 0
Just a quick chart of what I consider a techno geeky magical bubble.
jago25_98
2 years ago
So, return to zero? Or return to 33% of the peak?
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Muwa
2 years ago
Use log scale.. it will look less like bubble then and more like a long term bull trend.
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TwiSell Muwa
2 years ago
Not in my opinion, thing is this whole thing could collapse any day.
Still not sure if this is just a Bubble or a dirty Pyramid scheme... Future will tell, no position here (and almost certainly never, I look at this as a really toxic thing).

I recon my chart isn't nice, but I just needed it, to illustrate for some folks in an IT forums where I also write ;)
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Muwa TwiSell
2 years ago
Bitcoin fell from 32 to 2 in 2011, was mocked and declared dead, and look where it is now. I don't think this powerful tool will ever go away.
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TwiSell Muwa
2 years ago
Maybe I'm wrong and my opinion relly much more on impressions than on techs facts.
Things is I work in IT and I'm usually pretty smart but I can't say I master everything.
Iv'e read many article about Bitcoin but I still can't understand the main underlying principles and explain them confidently to someone else...

And when it comes to Bitcoin, I always faces people defending the technology, being so sure about themselves, who call me stupid because i don't understand how secure it is...
My guts tell me something's wrong, that's all.

So as far a I'm concern, I won't put a penny in something I don't remotely understand.
But I guess pro traders do that everyday and manages to take profits. After all some people even managed to make profit with Bernard Madoff, so why not with Bitcoin. Just be careful.
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TwiSell Muwa
2 years ago
Needless to say I draw this today because of this new : http://www.theguardian.com/technology/2014/apr/16/mtgox-faces-liquidation-after-japanese-court-rejects-bankruptcy-protection-bitcoin
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Muwa TwiSell
2 years ago
Sad, but it does not really affect the market that much. Chinese news mainly affects bitcoin prices as of late.
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