I would just like to point out to people that the green trend line indicated on the chart in first post is attracting the price back as stated would happen.
It is not magic - the trend line roughly corresponds to the log chart.
With recent news that the US government, through intermediary Senator Tom Carter of Homeland Security, is looking towards supporting a bright future for Bitcoin, and other news showing Bitcoin being accepted (and regulated) by other countries, confidence in Bitcoin post-bubble is higher than ever before. This is why the tail end of the last bubble is playing out very differently from before, and confusing many experts in the process.
Do your own research and rely on your own common sense!
Topic: Early 2014... - page 2. (Read 4671 times)
Lol at 'speculators' .... you guys don't know shit. The opposite of what you say will happen. Go back to the stock market if u wana analyze charts
at the risk of feeding a troll, the bolded statement is false in at least this one instance.
I didn't mean to insult you my friend, i'm exaggerating a bit but I still think bitcoin and crypto is too unpredictable
i am well aware that that's what you believe.
Lol at 'speculators' .... you guys don't know shit. The opposite of what you say will happen. Go back to the stock market if u wana analyze charts
at the risk of feeding a troll, the bolded statement is false in at least this one instance.
I didn't mean to insult you my friend, i'm exaggerating a bit but I still think bitcoin and crypto is too unpredictable
This analysis makes more sense than most of the "pro" ones. Good to see some common sense for a change.
perhaps, but it leads to no strong conclusions, just a general sense of what one person believes about market sentiment at the moment. how would one trade using this analysis? what strategies does it suggest are successful? how likely is it that these strategies will actually be successful?
can the OP answer any of these questions?
--arepo
If we do go up sharply as Hellork says then I think although we might go quite far (certainly past $1,000) then it would become unsustainable. In which case be prepared for a correction back to the green trend line. Not so much of a margin to trade on if you do not have a lot of money but there we go.
Best strategy = Hodl (not what you wanted to hear I know
) i was being sarcastic... not quite sure if you were able to tell 
And I was being serious in spite of your sarcasm. Better luck next time with being sarcastic.
b-b-but "trends are awful at predicting bitcoin price" is a demonstrably false statement...
i'm even more confused now
i was being sarcastic... not quite sure if you were able to tell
And I was being serious in spite of your sarcasm. Better luck next time with being sarcastic.
Charts and trend speculation only work at markets, where the market controlling minority isn't effectively organized in a common goal of mutual profit. When the market controlling minority consists of a group small enough, that there can be cooperation, then the common goal will be to enlarge profit at the expense of the submissive majority.
In another words, masses are dumb and can be predicted. Small groups are smart and hard to predict. So, I think that trend speculation isn't as useful with the bitcoin market.
In another words, masses are dumb and can be predicted. Small groups are smart and hard to predict. So, I think that trend speculation isn't as useful with the bitcoin market.
ah yes trends are awful at predicting bitcoin price. oh wait
Yes I think it is awful and it has been awful for quite some time. I don't see people here who are able to do consistently true speculations based on trends. Mostly there are many different kinds of speculations and mostly different people will get the answer right. To me it means that skill isn't a factor in determining the future of the price. And when skill isn't a factor in success, then there is no actual control with trend speculation and it's really gambling with an illusion of control.
i was being sarcastic... not quite sure if you were able to tell
Charts and trend speculation only work at markets, where the market controlling minority isn't effectively organized in a common goal of mutual profit. When the market controlling minority consists of a group small enough, that there can be cooperation, then the common goal will be to enlarge profit at the expense of the submissive majority.
In another words, masses are dumb and can be predicted. Small groups are smart and hard to predict. So, I think that trend speculation isn't as useful with the bitcoin market.
In another words, masses are dumb and can be predicted. Small groups are smart and hard to predict. So, I think that trend speculation isn't as useful with the bitcoin market.
ah yes trends are awful at predicting bitcoin price. oh wait
Yes I think it is awful and it has been awful for quite some time. I don't see people here who are able to do consistently true speculations based on trends. Mostly there are many different kinds of speculations and mostly different people will get the answer right. To me it means that skill isn't a factor in determining the future of the price. And when skill isn't a factor in success, then there is no actual control with trend speculation and it's really gambling with an illusion of control.
Lol at 'speculators' .... you guys don't know shit. The opposite of what you say will happen. Go back to the stock market if u wana analyze charts
at the risk of feeding a troll, the bolded statement is false in at least this one instance.
Lol at 'speculators' .... you guys don't know shit. The opposite of what you say will happen. Go back to the stock market if u wana analyze charts
Charts and trend speculation only work at markets, where the market controlling minority isn't effectively organized in a common goal of mutual profit. When the market controlling minority consists of a group small enough, that there can be cooperation, then the common goal will be to enlarge profit at the expense of the submissive majority.
In another words, masses are dumb and can be predicted. Small groups are smart and hard to predict. So, I think that trend speculation isn't as useful with the bitcoin market.
In another words, masses are dumb and can be predicted. Small groups are smart and hard to predict. So, I think that trend speculation isn't as useful with the bitcoin market.
ah yes trends are awful at predicting bitcoin price. oh wait
Charts and trend speculation only work at markets, where the market controlling minority isn't effectively organized in a common goal of mutual profit. When the market controlling minority consists of a group small enough, that there can be cooperation, then the common goal will be to enlarge profit at the expense of the submissive majority.
In another words, masses are dumb and can be predicted. Small groups are smart and hard to predict. So, I think that trend speculation isn't as useful with the bitcoin market.
In another words, masses are dumb and can be predicted. Small groups are smart and hard to predict. So, I think that trend speculation isn't as useful with the bitcoin market.
This analysis makes more sense than most of the "pro" ones. Good to see some common sense for a change.
perhaps, but it leads to no strong conclusions, just a general sense of what one person believes about market sentiment at the moment. how would one trade using this analysis? what strategies does it suggest are successful? how likely is it that these strategies will actually be successful?
can the OP answer any of these questions?
--arepo
He doens't claim to be a pro but there is some advice in there.
He advises to HODL since the market is in an upward trend.
He says that Hellork is more optimistic and thus his positive trend is not only his view.
Still poor analysis but HODL has been a sound strategy.
i'm not saying it's poor analysis i just pointed out that there are no strong conclusions, so it may have little "value".
it does advance a decent argument based on a number of interesting assumptions, many of which are in contention, and is an excellent OP for general discussion. i was simply commenting on its classification as "analysis".
This analysis makes more sense than most of the "pro" ones. Good to see some common sense for a change.
perhaps, but it leads to no strong conclusions, just a general sense of what one person believes about market sentiment at the moment. how would one trade using this analysis? what strategies does it suggest are successful? how likely is it that these strategies will actually be successful?
can the OP answer any of these questions?
--arepo
He doens't claim to be a pro but there is some advice in there.
He advises to HODL since the market is in an upward trend.
He says that Hellork is more optimistic and thus his positive trend is not only his view.
Still poor analysis but HODL has been a sound strategy.
This analysis makes more sense than most of the "pro" ones. Good to see some common sense for a change.
perhaps, but it leads to no strong conclusions, just a general sense of what one person believes about market sentiment at the moment. how would one trade using this analysis? what strategies does it suggest are successful? how likely is it that these strategies will actually be successful?
can the OP answer any of these questions?
--arepo
My plan is to hold 100 LTC and 21 BTC and see where it goes. I'm really hoping for another S-curve styl growth. Already there with LTC but still working on BTC. Day trading with 2BTC in hopes to acquire more BTC. I don't find it stressful at all, i love gambling and this feels like gambling.
But don't kid yourself saying this is 'guaranteed', it's unlikely bitcoin will fail and crash but it can still happen. If it does I'm sort of fucked... but at the end of the day it's just money
But don't kid yourself saying this is 'guaranteed', it's unlikely bitcoin will fail and crash but it can still happen. If it does I'm sort of fucked... but at the end of the day it's just money
... in fact very little is guaranteed in life (death maybe).
If you want to have a reasonable discussion about the future, great! When you start using words like "guaranteed", reason has gone out the window.
If you want to have a reasonable discussion about the future, great! When you start using words like "guaranteed", reason has gone out the window.
I concur that death is guaranteed. We don't need to discuss that one!
I believe that if you enter a black hole your last second will never end making death no guarantee either
And what about Enoch? And Elijah?
I'm no christian but if you do believe then this is proof too
... in fact very little is guaranteed in life (death maybe).
If you want to have a reasonable discussion about the future, great! When you start using words like "guaranteed", reason has gone out the window.
If you want to have a reasonable discussion about the future, great! When you start using words like "guaranteed", reason has gone out the window.
I concur that death is guaranteed. We don't need to discuss that one!
I believe that if you enter a black hole your last second will never end making death no guarantee either
And what about Enoch? And Elijah?
... in fact very little is guaranteed in life (death maybe).
If you want to have a reasonable discussion about the future, great! When you start using words like "guaranteed", reason has gone out the window.
If you want to have a reasonable discussion about the future, great! When you start using words like "guaranteed", reason has gone out the window.
I concur that death is guaranteed. We don't need to discuss that one!
I believe that if you enter a black hole your last second will never end making death no guarantee either
A most inconvenient and uncomfortable route to immortality I fear!
... in fact very little is guaranteed in life (death maybe).
If you want to have a reasonable discussion about the future, great! When you start using words like "guaranteed", reason has gone out the window.
If you want to have a reasonable discussion about the future, great! When you start using words like "guaranteed", reason has gone out the window.
I concur that death is guaranteed. We don't need to discuss that one!
I believe that if you enter a black hole your last second will never end making death no guarantee either
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