Message:

<p>[QUOTE=&quot;GDJMSP, post: 3373584, member: 112&quot;]OK - </p><p><br /></p><p><img src="https://www.pcgs.com/PCGSMedia/graphs/index2graph.gif" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p><br /></p><p><br /></p><p>But what is it you want to see ? Would you like to see what is really going on, or would you only like to see what you want to see ?</p><p><br /></p><p>For example, here&#039;s a 3 year chart - </p><p><br /></p><p><img src="https://www.pcgs.com/PCGSMedia/graphs/index5graph.gif" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p><br /></p><p>Now couple the 3 year chart with the 10 year chart I posted previously. </p><p><br /></p><p><br /></p><p>The original question was - </p><p><br /></p><p><br /></p><p><br /></p><p>So lemme ask ya Duke, which do you think really, or most accurately, answers the original question ?</p><p><br /></p><p>Apparently you think the 1 year chart does that. And perhaps it does if you only focus on the &quot;right now&quot; part of the question. But if one were to only look at the one year chart, does really put things into perspective ? </p><p><br /></p><p>It sure doesn&#039;t to me because it doesn&#039;t tell you what&#039;s going on. Oh sure, by just picking a small portion of the chart one could say the coin market is going up - right now - and that&#039;s a good thing ! But the part that&#039;s being ignored is - going from where exactly ? </p><p><br /></p><p>Ya see, ya have to know where it used to be, in order to determine where it is now. And to do that you have to look at the other 2 charts I posted. Only then can one have a realistic understanding of what the coin market is doing. </p><p><br /></p><p>And if you go back even further to 1970, what you see then is that values in the coin market today are at the same level they were 2003. Now that is a story that actually tells you something ! </p><p><br /></p><p><img src="https://www.pcgs.com/PCGSMedia/graphs/indexallgraph.gif" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>But if you take the 1 yr, the 3yr, the 10 yr, and the 1970 to date charts all together, what they tell you is this. For the last 10 years values in the coin market have been falling steadily seeking what they call a &quot;bottom&quot;. And that&#039;s what usually happens in any market after there has been a bull market, a period of time when prices/values were steadily rising. That&#039;s basically the way all markets work - they go up and then they go down. Or they go down and then they go up - pick your poison. Like I said, it depends on if you only want to see what you &quot;want to see&quot;, or if you want to see what&#039;s really going on. </p><p><br /></p><p>And what&#039;s really going on is that for a long time now the market has been looking for a bottom. And if you look at the 10 year chart you can see that along the way there have been several bumps upwards. But each and every time there was a bump upwards it fell backwards again, and then even lower. That&#039;s why it is said it&#039;s seeking a bottom, it&#039;s looking for support - a point at which it finds strength, a place where buyers seeming agree that it&#039;s unlikely to go any further, or at least no much further - down.</p><p><br /></p><p>And that&#039;s what we see in the 1 yr chart - a ray of hope on the horizon. We do not see that the market is not soft right now, we merely see a ray of hope. A brief indication that maybe the worst is over. That maybe the market has found the support it needs and it might, just might, stabilize and move either sideways or even upwards for a while. Because that&#039;s also what markets, all markets, do in between those periods of rising and falling. They don&#039;t ever just go up and they don&#039;t ever just go down - they go up, down, and sideways. </p><p><br /></p><p>But the only way you can ever tell what&#039;s really going on is to look at charts over a longer period of time <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in