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Topic: CRASH!!!! - page 2. (Read 9533 times)

legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
December 29, 2012, 03:10:07 AM
#71
snip

Be careful not to overpay for your bitcoins in the medium term (few months).

im not sure what you're implying...

are you saying that the predicted downtrend will not bottom out in the mid-term? i'm not sure anyone can say with confidence that we may be looking at a downtrend in the long-term, bitcoin has been historically bullish.

That does not mean the price can only go up.
sr. member
Activity: 448
Merit: 250
this statement is false
December 29, 2012, 02:39:59 AM
#70
snip

Be careful not to overpay for your bitcoins in the medium term (few months).

im not sure what you're implying...

are you saying that the predicted downtrend will not bottom out in the mid-term? i'm not sure anyone can say with confidence that we may be looking at a downtrend in the long-term, bitcoin has been historically bullish.
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
December 28, 2012, 11:19:58 PM
#69
merry christmas to all, and to bitcoin's value, goodnight.

i'm targeting $12.50 before a bullish correction to $12.85 and then only down from there...

short term targets: $13.00, $13.10$13.20, $12.85, in order

due to recent buying pressure, we may see a small upswing before the plummet, but it will be a bull trap. no higher than $13.75, and then the above targets.

due to the strong support forming around $13.20 (approx 4k btc) i have made the bolded amendment in targets as i suspect this is where the resistance will form.

as we just witnessed a dump (L: $13.30) immediately following the bulltrap up to $13.67, we are staying on track. next movement will break through the support at $13.20 and bounce off of $13.00, then following the aforementioned targets.

---

the only reason i am bothering with this short-term stuff is i believe the upcoming movements are serious and will precipitate a true mid-term downtrend that will break us out of the price channels we've been in for the last 2 months. if you are also following lucif's thread, he seems to be reading the charts the same way.

Be careful not to overpay for your bitcoins in the medium term (few months).
legendary
Activity: 1540
Merit: 1000
December 28, 2012, 11:13:23 PM
#68
think a  "CHAOS!!!!" thread might be better

FOR CHAOS! BLOOD FOR THE BLOOD GOD!

BLOOD! BLOOD! AHHAHHHAHAHAHHHAHAHAHAHHHHAHHHAHHAHAHAHAHHAHAHAAHHAHAHAHAHAHHAHAHAHHAHAHAHAHAHA HAHA!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
sr. member
Activity: 448
Merit: 250
this statement is false
December 28, 2012, 11:11:02 PM
#67
merry christmas to all, and to bitcoin's value, goodnight.

i'm targeting $12.50 before a bullish correction to $12.85 and then only down from there...

short term targets: $13.00, $13.10$13.20, $12.85, in order

due to recent buying pressure, we may see a small upswing before the plummet, but it will be a bull trap. no higher than $13.75, and then the above targets.

due to the strong support forming around $13.20 (approx 4k btc) i have made the bolded amendment in targets as i suspect this is where the resistance will form.

as we just witnessed a dump (L: $13.30) immediately following the bulltrap up to $13.67, we are staying on track. next movement will break through the support at $13.20 and bounce off of $13.00, then following the aforementioned targets.

---

the only reason i am bothering with this short-term stuff is i believe the upcoming movements are serious and will precipitate a true mid-term downtrend that will break us out of the price channels we've been in for the last 2 months. if you are also following lucif's thread, he seems to be reading the charts the same way.
full member
Activity: 238
Merit: 100
December 28, 2012, 09:34:48 PM
#66
think a  "CHAOS!!!!" thread might be better

FOR CHAOS! BLOOD FOR THE BLOOD GOD!
sr. member
Activity: 448
Merit: 250
this statement is false
December 28, 2012, 08:03:09 PM
#65
merry christmas to all, and to bitcoin's value, goodnight.

i'm targeting $12.50 before a bullish correction to $12.85 and then only down from there...

short term targets: $13.00, $13.10, $12.85, in order

due to recent buying pressure, we may see a small upswing before the plummet, but it will be a bull trap. no higher than $13.75, and then the above targets.

link to previous right predictions please

above is a validated prediction. breakout but only to $13.67.

$13.00 here we come!
420
hero member
Activity: 756
Merit: 500
December 26, 2012, 04:14:17 PM
#64
merry christmas to all, and to bitcoin's value, goodnight.

i'm targeting $12.50 before a bullish correction to $12.85 and then only down from there...

short term targets: $13.00, $13.10, $12.85, in order

due to recent buying pressure, we may see a small upswing before the plummet, but it will be a bull trap. no higher than $13.75, and then the above targets.

link to previous right predictions please
sr. member
Activity: 448
Merit: 250
this statement is false
December 26, 2012, 10:59:06 AM
#63
merry christmas to all, and to bitcoin's value, goodnight.

i'm targeting $12.50 before a bullish correction to $12.85 and then only down from there...

short term targets: $13.00, $13.10, $12.85, in order

due to recent buying pressure, we may see a small upswing before the plummet, but it will be a bull trap. no higher than $13.75, and then the above targets.
sr. member
Activity: 448
Merit: 250
this statement is false
December 26, 2012, 09:00:17 AM
#62
physics student here, hoping to demystify what's going on in this cool demo:



forces on the ruler are in red, torques on the ruler are in blue.

for simplicity the forces and torques on the hammer are omitted.

the force of tension from the weight of the hammer through the string (Ft) exerted on the ruler is balanced by the normal force up from the table (Fn). normal force is the force exerted, for instance, on your hand when you press on a solid, which prevents you from compressing the material as you would a semi-solid like clay. forces are equal and opposite. no problem here.

however, what's more interesting is the the ruler doesn't rotate; it won't flip off the table. rotational motion is caused by TORQUES, which is a force at a distance from a point of rotation. what's cool about torques is that T = F * r or that a small force at a large distance away from the center of rotation (utilising a large lever arm) exerts the same amount of torque as a large force closer to the point of rotation. think how crowbars work. in this example, the center of rotation or pivot point is the point where the ruler rests on the edge of the table.

for no rotation to occur, torques must also be equal and opposite. the weight of the hammer is providing a large force close to the pivot point, but only provides a small amount of torque. this torque is clockwise from our reference point because the applied force is down. the handle of the hammer is actually causing an upward force at an angle theta with respect to the ruler, which exerts a smaller force at a right angle with the ruler, upward. this smaller force at a longer distance in the opposite direction supplies to equal and opposite torque, so the system remains in equilibrium.

physics is pretty sweet Cool
sr. member
Activity: 504
Merit: 250
December 26, 2012, 08:01:26 AM
#61
the combined weight of hammer ruler and string. The area of contact between ruler and table is small. so the pressure in PSI is high, maybe 100-200 PSI.
420
hero member
Activity: 756
Merit: 500
December 26, 2012, 07:40:51 AM
#60
I wonder what kind of pressure is on the table from the ruler; very interesting

straight down from the point of contact, otherwise it would move.

at how many lbs of pressure Tongue
sr. member
Activity: 504
Merit: 250
December 26, 2012, 07:33:51 AM
#59
I wonder what kind of pressure is on the table from the ruler; very interesting

straight down from the point of contact, otherwise it would move.
420
hero member
Activity: 756
Merit: 500
December 26, 2012, 07:01:46 AM
#58
I wonder what kind of pressure is on the table from the ruler; very interesting
sr. member
Activity: 448
Merit: 250
this statement is false
December 25, 2012, 08:15:00 AM
#57
merry christmas to all, and to bitcoin's value, goodnight.

i'm targeting $12.50 before a bullish correction to $12.85 and then only down from there...

short term targets: $13.00, $13.10, $12.85, in order
hero member
Activity: 616
Merit: 502
December 22, 2012, 11:21:34 AM
#56
hero member
Activity: 784
Merit: 506
December 22, 2012, 03:21:12 AM
#55
Wayyyy easier than it looks. Worked 1st time for me.

[img.../img]

[img.../img]

Tee hee Cheesy Thanks for that.

CRASH!!!! just became PHYSICS!!!!
Ahem, yes, apologies - I am partially responsible for derailing this thread.

OK, now where were we?

...

Oh yes, a way in which these pictures can relate to the crash (or lack thereof) of the Bitcoin market is:

As much as it looks like the hammer should come crashing to the ground it is quite happy just to sit there!  As much as Bitcoin's price being as high as it is may look like an illusion in that it is 'denying gravity and 'shouldn't' stay there' it also 'just sits there'*.

Of course the difference is there is no direct equivalent of the simple laws of physics that apply to the hammer upon which we can rely to ensure this situation continues for Bitcoin.  The Bitcoin market is 'messier' in that it is the aggregate of the beliefs and decisions of everybody participating in the process.  But the beauty of the Bitcoin market is that it represents the aggregate of the beliefs and decisions of everybody participating in the process Wink

* ...well it hasn't crashed yet (in 2012)
hero member
Activity: 518
Merit: 500
December 21, 2012, 01:08:51 PM
#54
CRASH!!!! just became PHYSICS!!!!
full member
Activity: 238
Merit: 100
December 21, 2012, 01:05:48 PM
#53
Wayyyy easier than it looks. Worked 1st time for me.

[img .. /img]
Haha. Nice. If I owned some BTC I would tip you for that. Cheesy
legendary
Activity: 1137
Merit: 1001
December 21, 2012, 01:00:48 PM
#52
Wayyyy easier than it looks. Worked 1st time for me.



edit: took another one with bitcoins, gold and paper along with luigi

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