There's a lot of resistance at $5 but the trend does appear to be heading towards parity.
1:1?
Topic: Crash to $2 imminent. Willing to bet. - page 3. (Read 10634 times)
1:1?
There's a lot of resistance at $5 but the trend does appear to be heading towards parity.
Who knows. Everything is possible.
One can never know, but unlikely to crash to such levels.
Crash to $2-3-4 is a myth. 
I bet on $100 that bitcoin will crash to $2.
By when do you think?
I hear Linus is doing pretty good these days...
He's got fame. So he can just churn out books and get publishers to pay him for them.
You mean 'bankrupt' like Red Hat?
No, bankrupt like Linus Torvalds in his dorm room. If you have an access to the typical news retrieval service search for that quote from Balmer about Linux. He said that on a conference call with investment managers and had a very nice explanation followed by a nice discussion. It really explains how open-source positioning changes the financial performance of securities. 
So then, you are saying that, to a degree, Bitcoin is insulated from the turmoil that is hitting the larger markets.
Yeah, the bitcoin economy is still in the testnet phase. If I may borrow a Linux phrase from Steve Balmer, "Bitcoin, in a way, launched bankrupt." So you just can't apply your usual metric. It will get ripe when the first audited financial reports come out of the Bitcoin economy.You mean 'bankrupt' like Red Hat?
I think he means Canonical
So then, you are saying that, to a degree, Bitcoin is insulated from the turmoil that is hitting the larger markets.
Yeah, the bitcoin economy is still in the testnet phase. If I may borrow a Linux phrase from Steve Balmer, "Bitcoin, in a way, launched bankrupt." So you just can't apply your usual metric. It will get ripe when the first audited financial reports come out of the Bitcoin economy. Riddle me this Batman.
If Bitcoin is supposed to be like a pink sheet, why isn't it even acting like a stock? Hmm...
Not enough finance professional involvement yet. Various Bitcoin-related business entities are only just getting formed. Its not yet ripe for the real interest. If Bitcoin is supposed to be like a pink sheet, why isn't it even acting like a stock? Hmm...
As for the crash to $2, as I've said before, we're in a long, slow slide. If you look at a 30 day moving average, the trend is clear - the price declines steadily about $4 per month, and all the "rallies" and "crashes" are just short term noise. Since we're currently around $5, that can't go on much longer. The endgame will be during the holiday season.
How can you make a 30 days av move chart with bitcoin?!
Like this. Straight downhill since the bubble popped in early June.
The brown line is a trailing moving average of the last 30 days. (Because it's a trailing moving average, it lags the actual data by 15 days.) Notice how all the "crashes" and "rallies" disappear and the steady downward trend becomes clear.
Just arbirtary blahblah.
Why would your abstraction be more valid than any other arbitrary abstraction of the charts?
Noise is only noise if you can't understand the details.
Hitting $2 today would be an unlikely event. I would currently place the end of the low-side tail at about $4.20
Of course, I am referring to the OP. But actually, I misspoke. I would currently place the end of the low tail near $4.74... So $2 is an even more remote possibility.
Hitting $2 today would be an unlikely event. I would currently place the end of the low-side tail at about $4.20
It is more than $6.70 before dropping to a value above $6, still 3x the expected $2.
It is not within the expected range... Today.
Can you elaborate on that?
oh a bear! lawl
Already back down to 6 dollars (rally ), but logs charts support my conclusion and furthermore
That is totally within the normal range, you can't make conclusion based on the 1 hour swing for a 3 day old rally, or crash for that matter.
Yeah it swings alot, people with bots are probably making a killing from it but that is to be expected.
actually volume hasn't spiked yet and until it does this rally will continue if you like it or not 
Already back down to 6 dollars (rally
), but logs charts support my conclusion and furthermoreYeah it swings alot, people with bots are probably making a killing from it but that is to be expected.
actually volume hasn't spiked yet and until it does this rally will continue if you like it or not
Already back down to 6 dollars (rally
), but logs charts support my conclusion and furthermore
actually volume hasn't spiked yet and until it does this rally will continue if you like it or not
Where are all the bears
6.8 was the wall.
It is the time to rally down to $2.
Rally down?!
And crash up?
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