Bitcoin about to TAKE OFF!!! - page 2.

StewartJ

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Activity: 392

Merit: 250

Quote from: Elwar on January 25, 2012, 02:55:16 PM

Quote from: zby on January 25, 2012, 02:22:43 PM

So who now does not believe that threads like this are a bearish sign?

I like to think that this thread gave the market a slight push to make things exciting again.

It was better than the thread titled "yawn"...

I am bullish long, but enjoy the wild back and forth in the mean time.

I am Starfished Short and wonder what the hell I am doing here.

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

Quote from: zby on January 25, 2012, 02:22:43 PM

So who now does not believe that threads like this are a bearish sign?

I like to think that this thread gave the market a slight push to make things exciting again.

It was better than the thread titled "yawn"...

I am bullish long, but enjoy the wild back and forth in the mean time.

StewartJ

sr. member

Activity: 392

Merit: 250

Quote from: Sargasm on January 25, 2012, 02:41:52 PM

Quote from: StewartJ on January 25, 2012, 02:34:12 PM

Quote from: Sargasm on January 25, 2012, 02:31:29 PM

Quote from: zby on January 25, 2012, 02:22:43 PM

So who now does not believe that threads like this are a bearish sign?

Finally an indicator that works.

Sarcasm.

I can't believe you would write off 89 years of experience...

I actually think that experience beneath some certain amount is fractional. Let's say for a moment that the modicum of experience to not nuke the world with stupid trades is 5 years, 178 .5 year olds .1 units COMBINED experience ie .1 ^ 178'th is 1.e-178th units of experience.

These are mathematics you cannot argue with.

I think the key vector here is COMBINED, for without that constant, the fractional reserve of Experience is diluted by
the inverted amount of stupid trades.

Sargasm

member

Activity: 112

Merit: 10

Quote from: StewartJ on January 25, 2012, 02:34:12 PM

Quote from: Sargasm on January 25, 2012, 02:31:29 PM

Quote from: zby on January 25, 2012, 02:22:43 PM

So who now does not believe that threads like this are a bearish sign?

Finally an indicator that works.

Sarcasm.

I can't believe you would write off 89 years of experience...

I actually think that experience beneath some certain amount is fractional. Let's say for a moment that the modicum of experience to not nuke the world with stupid trades is 5 years, 178 .5 year olds .1 units COMBINED experience ie .1 ^ 178'th is 1.e-178th units of experience.

These are mathematics you cannot argue with.

Qoheleth

legendary

Activity: 960

Merit: 1028

Spurn wild goose chases. Seek that which endures.

Quote from: StewartJ on January 25, 2012, 11:45:22 AM

Quote from: Elwar on January 25, 2012, 09:47:14 AM

Careful analysis and 89 years of experience leads me to believe that Bitcoin is about to go through the roof.

Though most will not understand the dynamics of what this chart shows, those that do will be blown away.

You heard it here first.

Well, since you brought the 2 month chart to our attention, I would like to point out a little history:

- In the month of December, very incrementally, the price gradually rose up from $2.80 to $4.00
- In the 1st week of January, on heavy volume, the price rallied from low $4s to $7.00
- The following 10 days, we repeatedly rallied from low/mid $6s to just under $7.20, on high volume
- We crashed on Jan 18
- After slight bounce up from Smack-Down, we've dwindled to low $6s on very little volume

Whether because of manipulation, Bitcoinica, or just sheer rally-driven exuberance, seems evident that
were now reeling from from a bubble. Some feel that we have more price correcting to do; I have to agree.

To think that now we are going to rally up to $12 in February, after what we've just gone through, I just
don't see it.

StewartJ

sr. member

Activity: 392

Merit: 250

Quote from: Sargasm on January 25, 2012, 02:31:29 PM

Quote from: zby on January 25, 2012, 02:22:43 PM

So who now does not believe that threads like this are a bearish sign?

Finally an indicator that works.

Sarcasm.

I can't believe you would write off 89 years of experience...

Sargasm

member

Activity: 112

Merit: 10

Quote from: zby on January 25, 2012, 02:22:43 PM

So who now does not believe that threads like this are a bearish sign?

Finally an indicator that works.

Sarcasm.

Sargasm

member

Activity: 112

Merit: 10

Quote from: Elwar on January 25, 2012, 09:47:14 AM

Careful analysis and 89 years of experience leads me to believe that Bitcoin is about to go through the roof.

Though most will not understand the dynamics of what this chart shows, those that do will be blown away.

You heard it here first.

BUY BITCHES!!

zby

legendary

Activity: 1594

Merit: 1001

So who now does not believe that threads like this are a bearish sign?

buck92

newbie

Activity: 42

Merit: 0

OP is an idiot, please stop these threads.

barbarousrelic

hero member

Activity: 675

Merit: 502

Posting in an epic thread.

StewartJ

sr. member

Activity: 392

Merit: 250

Quote from: Elwar on January 25, 2012, 09:47:14 AM

Careful analysis and 89 years of experience leads me to believe that Bitcoin is about to go through the roof.

Though most will not understand the dynamics of what this chart shows, those that do will be blown away.

You heard it here first.

Well, since you brought the 2 month chart to our attention, I would like to point out a little history:

- In the month of December, very incrementally, the price gradually rose up from $2.80 to $4.00
- In the 1st week of January, on heavy volume, the price rallied from low $4s to $7.00
- The following 10 days, we repeatedly rallied from low/mid $6s to just under $7.20, on high volume
- We crashed on Jan 18
- After slight bounce up from Smack-Down, we've dwindled to low $6s on very little volume

Whether because of manipulation, Bitcoinica, or just sheer rally-driven exuberance, seems evident that
were now reeling from from a bubble. Some feel that we have more price correcting to do; I have to agree.

To think that now we are going to rally up to $12 in February, after what we've just gone through, I just
don't see it.

Dutch Merganser

member

Activity: 84

Merit: 10

Quote from: cbeast on January 25, 2012, 10:43:08 AM

Quote from: ThomasV on January 25, 2012, 10:06:17 AM

Quote from: Elwar on January 25, 2012, 09:59:46 AM

Quote from: alan2here on January 25, 2012, 09:56:37 AM

You'r at least 99?

Perhaps I should have been more clear. That is a combined years experience.

178 people with .5 years experience.

That is a lot of experience though.

indeed, I can recognize the hand of a 6 month old in your chart.

The kid in the front, that's the one I'd like to see on the tines of pitchfork. That ad campaign has forever changed my feelings about infanticide Grin

memvola

hero member

Activity: 938

Merit: 1002

Quote from: zby on January 25, 2012, 10:44:05 AM

Posts that try to be funny but fail miserably are a bearish sign.

+1

Low volume is always a bearish sign in these early stages IMO. The fact that the exchange rate isn't declining more rapidly means most investors are bullish long term. But we are still waiting for mainstream adoption and that will not happen to a satisfactory degree for years. There are however people like me who always buy on the way down, so I don't think there will be extreme instability even though the volume is low. By extreme, I mean in Bitcoin norms of course.

Either way, I'm positive that the market is getting healthier with each crash, so I'm long ftw.

Piper67

legendary

Activity: 1106

Merit: 1001

Quote from: zby on January 25, 2012, 10:44:05 AM

Posts that try to be funny but fail miserably are a bearish sign.

Posts that point out bearish signs are a bullish sign :-)

zby

legendary

Activity: 1594

Merit: 1001

Posts that try to be funny but fail miserably are a bearish sign.

cbeast

donator

Activity: 1736

Merit: 1014

Let's talk governance, lipstick, and pigs.

Quote from: ThomasV on January 25, 2012, 10:06:17 AM

Quote from: Elwar on January 25, 2012, 09:59:46 AM

Quote from: alan2here on January 25, 2012, 09:56:37 AM

You'r at least 99?

Perhaps I should have been more clear. That is a combined years experience.

178 people with .5 years experience.

That is a lot of experience though.

indeed, I can recognize the hand of a 6 month old in your chart.

alan2here

hero member

Activity: 1778

Merit: 504

WorkAsPro

How did all thease people agree on the future price?

waspoza

hero member

Activity: 602

Merit: 508

Firstbits: 1waspoza

Quote from: Elwar on January 25, 2012, 09:47:14 AM

Careful analysis and 89 years of experience leads me to believe that Bitcoin is about to go through the roof.

Though most will not understand the dynamics of what this chart shows, those that do will be blown away.

You heard it here first.

Sounds legit.

ThomasV

legendary

Activity: 1896

Merit: 1353

Quote from: Elwar on January 25, 2012, 09:59:46 AM

Quote from: alan2here on January 25, 2012, 09:56:37 AM

You'r at least 99?

Perhaps I should have been more clear. That is a combined years experience.

178 people with .5 years experience.

That is a lot of experience though.

indeed, I can recognize the hand of a 6 month old in your chart.

Topic: Bitcoin about to TAKE OFF!!! - page 2. (Read 4449 times)