Topic: Bitcoin might rise over 200 unexpectedly soon - page 2. (Read 7307 times)

Today 7 days after this dream we can already say that we've reached 200 and indeed it was unexpectedly fast. I now believe that sometimes I see future in my dreams.

Do you know what would be the exact opposite of surprising?

If the space between $158.49 and $199.53 took between 30.3 and 34.5 days to cross.

It wouldn't be surprising because based on price history to date*, that's how much time it takes on average to span a tenth of a decade.



*past results are no guarantee of future performance.

OR IT COULD EXPECTEDLY STAY BELOW 150

Cameras are to superstition what crosses are to vampires...

Not sure how much of your reply is an obvious joke but in case you didn't get my point then imagine this:
You see a dream where you are extremely happy about something related to bitcoin. Now what would that be that could make you very happy about bitcoin? The answer to this rhetorical question is the actual prediction. The emotions are just a hint.

I believe there are not many people that get exact predictions in their dreams. I know one however. A female friend of mine saw a very detailed dream of another woman. The face, the name and a message in russian language "развод". She didn't know what that word meant. However, soon it turned out that her husband was cheating her with the same exact woman that appeared in her dream and she was shocked when she found out that "развод" means divorce. Dreams are not a joke, be glad if you get to see them. It gets even more awesome when you get to experience lucid dreaming and astral travel but I will save these stories for another time

Holy shit, you predicted your emotions!?
Are you some sort of pan-dimensional being with, like, superpowers and stuff??

@cypherdoc where can I get this logarithmic chart? One for Bitstamp would be nice....

Meanwhile the BIT now has a nice return since launch. 11% in 3 weeks, nearly 600% annualized. Not a bad start.

October 15, 2013:$14.31
October 14, 2013:$14.27
October 11, 2013:$13.03
October 10, 2013:$13.14
October 9, 2013:$13.03
October 8, 2013:$12.52
October 7, 2013:$12.77
October 4, 2013:$12.63
October 3, 2013:$11.70
October 2, 2013:$11.86
October 1, 2013:$13.22
September 30, 2013:$13.26
September 27, 2013:$13.35
September 26, 2013:$12.67
September 25, 2013:$12.88

I too love thinking logarithmically about this. By my analysis, we've plateaued a couple of times for long periods after a tenfold increase. The latest plateau appears to be over.

As I'll never forget you saying a while back, "We've got to get going ".

   
 

A year and two months for every tenfold increase. $2000 by Feb. 2015, $20,000 by Spring 2016, trillion-dollar market cap a few months later. So like 3 years to mainstream adoption. I can dig it.

Conservative I would call the line that touches the bottoms.

A conservative outlook:

thanks

I agree, quick changes of price is very likely now, but both ways 

edit:

fucked up trying to quote



thanks for self critical analysis

Glad you guys missed me

I admit I am very surprised how quick and strong the price recovered after the SR crash. I would have expected a much deeper and much longer correction. However, price is now going up parabolically again, sentiment is getting overly confident: victory songs popping up, bears being mocked. Short term all indicators to buy sell. For the coming months I still estimate chances we get another correction to below $100 much higher than going into another tenfolding.


That being said I have come to the insight that my strategy is indeed no good. My returns on bitcoin are now lower than a buy and hold (1080% for 2013 vs 1200% for buy and hold), I only have half the coins I started with and a bunch of fiat. I worry that the price will continue to go up and I will be left behind.

If I could do it all over I would follow cypherdoc his advise to buy more in February 2013 when it was breaking the old all time high of $30 from 2011, and to never sell a single coin but simply buy and hold. Easier because no trading needed, less counterparty risks, less taxable events, and eventhough much more volatile, very likely also much more profitable. My counterarguments against a buy and hold: 'risk management' I no longer support. Sure I could have sold some coins as to lock in some profits but half? *shrugs head*

Lesson learned. Thank you all for helping me see.


What to do now? Buy back the coins and make large losses if $60 were to be hit? Or continue to wait for a correction to $60 that may never come?

I'll take the middle road. I'll raise my fiat canons to above $90, instead of above $60. And this time I'll charge them sufficiently as I hadn't done so on the recent SR correction and due to this could only buy a few.


As to defend against the characterizations made of me.

Cypherdoc, when proven wrong I prefer a man of silence over a man that does not take ownership.

Zerg, though I have certainly been a bear most of the time since it first crossed $150, I have always remained open to a relaunch into new all time highs, and have turned bullish every time the price had corrected sharply. In my trading as well as analyses here. You throwing me into the bear camp like EM seems not nuanced to me. Am I misrepresenting myself or are you overconfident or angry? Where have I spoken irrational?

Since the rocket is about to take off where are the rocket pictures? 

one $ one day, just one month after the price would reach $200

I see 162.99