: - page 5. | Bitcointalksearch.org

ineededausername

hero member

Activity: 784

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bitcoin hundred-aire

That's a pretty big cliff to climb, but let's do it anyways Grin

By the way, chodpaba, I know your charts don't rely on market depth, but I think they should take it into account. Bitcoin moves in spikes (usually). If, for example, someone bought 20k BTC right now, it would push the price to 4.6, past your two huge walls.

ineededausername

hero member

Activity: 784

Merit: 1000

bitcoin hundred-aire

Where we were just a day ago is now 1.7-1.8 on the support scale :O

notme

legendary

Activity: 1904

Merit: 1002

Your "resistance" doesn't seem to be offering much resistance Wink

. But maybe that step at 4.6 is indicative, at least in the short term.

BTCurious

hero member

Activity: 714

Merit: 504

^SEM img of Si wafer edge, scanned 2012-3-12.

Quote from: proudhon on December 13, 2011, 01:39:47 PM

Quote from: BTCurious on December 13, 2011, 01:37:49 PM

Walls are fake. Or they get eaten.

So, walls are fake or they're real.

sure. But if they're real, they don't survive very long when they're touched. I've never seen the price kicking a large wall like that for a long time.

proudhon

legendary

Activity: 2198

Merit: 1311

Quote from: BTCurious on December 13, 2011, 01:37:49 PM

Walls are fake. Or they get eaten.

So, walls are fake or they're real.

BTCurious

hero member

Activity: 714

Merit: 504

^SEM img of Si wafer edge, scanned 2012-3-12.

Walls are fake. Or they get eaten.

BadBear

legendary

Activity: 1652

Merit: 1128

Quote from: ineededausername on December 10, 2011, 10:46:32 PM

Just a little nudge over 3.2, and I suspect we'll coast to 4.

Not anymore, pretty big ask wall went up at 3.50.

notme

legendary

Activity: 1904

Merit: 1002

Quote from: ineededausername on December 10, 2011, 10:46:32 PM

Just a little nudge over 3.2, and I suspect we'll coast to 4.

Just a touch under 2.9 and I suspect we'll bounce off 2.4

ineededausername

hero member

Activity: 784

Merit: 1000

bitcoin hundred-aire

Just a little nudge over 3.2, and I suspect we'll coast to 4.

notme

legendary

Activity: 1904

Merit: 1002

His latest chart didn't hold too well. If there is a correlation, it might be negative.

ineededausername

hero member

Activity: 784

Merit: 1000

bitcoin hundred-aire

Hey, chodpaba, can you tell us how your experiment worked? Did you conclude that your daily charts were influencing the market?

cbeast

donator

Activity: 1736

Merit: 1014

Let's talk governance, lipstick, and pigs.

Quote from: ?? on ??

I reiterate.

I agree, Bitcoin is in the developer's court at the moment.

cbeast

donator

Activity: 1736

Merit: 1014

Let's talk governance, lipstick, and pigs.

Quote from: dree12 on November 28, 2011, 10:28:43 PM

Quote from: ineededausername on November 28, 2011, 10:26:16 PM

Quote from: cbeast on November 28, 2011, 10:05:42 PM

An observation evoked an idle musing.
Bitcoin started to be taken seriously at a parity of 1 USD. It then saw an awakening that lead to a peak of 31 USD. It then fell to around 1/10 of that between 1 and 3.1 USD. Speculators love orders of magnitude leveraging at increments of 10x but Bitcoin seems to respond to PI ratios. Let's look for the next bubble to go beyond 10*PI and then another 10*PI or around 9-10K USD. That liquidity should serve the geek market for development of new online apps. The next wave of development into sophisticated everyday useful finacial vehicles should take Bitcoin to another 10*PI or around 300K USD. After that, when fiat currencies are replaced by cryptocurrencies, Bitcoin will be worth the equivalent of another 10*PI or around 10M USD.

Sir, you have a sample size of exactly 1 (or 2 depending on how you look at it). HUGE, eh?

edit: I should note that pi is roughly the square root of 10.

Before anyone beats me to it:
[photo snipped]

Yes, PI is roughly the square root of ten. Interesting. Anyway, computing the predictability of a complex market adapting to bitcoin is hard to gauge. I suspect it will parallel the growth of internet ~~bandwidth~~ traffic.

dree12

legendary

Activity: 1246

Merit: 1077

Quote from: ineededausername on November 28, 2011, 10:26:16 PM

Quote from: cbeast on November 28, 2011, 10:05:42 PM

An observation evoked an idle musing.
Bitcoin started to be taken seriously at a parity of 1 USD. It then saw an awakening that lead to a peak of 31 USD. It then fell to around 1/10 of that between 1 and 3.1 USD. Speculators love orders of magnitude leveraging at increments of 10x but Bitcoin seems to respond to PI ratios. Let's look for the next bubble to go beyond 10*PI and then another 10*PI or around 9-10K USD. That liquidity should serve the geek market for development of new online apps. The next wave of development into sophisticated everyday useful finacial vehicles should take Bitcoin to another 10*PI or around 300K USD. After that, when fiat currencies are replaced by cryptocurrencies, Bitcoin will be worth the equivalent of another 10*PI or around 10M USD.

Sir, you have a sample size of exactly 1 (or 2 depending on how you look at it). HUGE, eh?

edit: I should note that pi is roughly the square root of 10.

Before anyone beats me to it:

ineededausername

hero member

Activity: 784

Merit: 1000

bitcoin hundred-aire

Quote from: cbeast on November 28, 2011, 10:05:42 PM

An observation evoked an idle musing.
Bitcoin started to be taken seriously at a parity of 1 USD. It then saw an awakening that lead to a peak of 31 USD. It then fell to around 1/10 of that between 1 and 3.1 USD. Speculators love orders of magnitude leveraging at increments of 10x but Bitcoin seems to respond to PI ratios. Let's look for the next bubble to go beyond 10*PI and then another 10*PI or around 9-10K USD. That liquidity should serve the geek market for development of new online apps. The next wave of development into sophisticated everyday useful finacial vehicles should take Bitcoin to another 10*PI or around 300K USD. After that, when fiat currencies are replaced by cryptocurrencies, Bitcoin will be worth the equivalent of another 10*PI or around 10M USD.

Sir, you have a sample size of exactly 1 (or 2 depending on how you look at it). HUGE, eh?

edit: I should note that pi is roughly the square root of 10.

cbeast

donator

Activity: 1736

Merit: 1014

Let's talk governance, lipstick, and pigs.

An observation evoked an idle musing.
Bitcoin started to be taken seriously at a parity of 1 USD. It then saw an awakening that lead to a peak of 31 USD. It then fell to around 1/10 of that between 1 and 3.1 USD. Speculators love orders of magnitude leveraging at increments of 10x but Bitcoin seems to respond to PI ratios. Let's look for the next bubble to go beyond 10*PI and then another 10*PI or around 9-10K USD. That liquidity should serve the geek market for development of new online apps. The next wave of development into sophisticated everyday useful finacial vehicles should take Bitcoin to another 10*PI or around 300K USD. After that, when fiat currencies are replaced by cryptocurrencies, Bitcoin will be worth the equivalent of another 10*PI or around 10M USD.

BTCurious

hero member

Activity: 714

Merit: 504

^SEM img of Si wafer edge, scanned 2012-3-12.

As far as I understand it:

The prices being below 2 has been a long while ago. That makes the weight of those datapoints very small. But there are no new datapoints in that area yet, so there's nothing with larger weight to average with.

As such, the high resistance stands, but has very low total weight, which means it's rather uncertain. Perhaps it's possible to mark the graphlines in colors to indicate the certainty.

netrin

sr. member

Activity: 322

Merit: 251

FirstBits: 168Bc

From what I remember and understood from your explanations, the above chart displays actual traded prices, with diminishing weight based on duration since each particular price was traded. Since bitcoin prices have gone generally down since June, and there have not been any prices below $2 for six months, we would expect to see higher S/R on the chart above $2 than below. I have trouble understanding that $1.9 is equally 'likely' as $2.9.

tvbcof

legendary

Activity: 4760

Merit: 1283

Quote from: BTCurious on November 14, 2011, 09:47:03 PM

And then a 50k bidwall was placed at 2.30

Bigger'n shit!

Anyone who thinks that the price is going down some more and wants to bail might be advised to hammer on it while it's there.

BTCurious

hero member

Activity: 714

Merit: 504

^SEM img of Si wafer edge, scanned 2012-3-12.

And then a 50k bidwall was placed at 2.30

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