Topic: I've figured out the bitcoin market (Read 2701 times)
Paul, in either case please warn in advance before cashing out. We will test whether or not the price would crash then.
Well as it goes if you always buy when the price goes up chances are that sooner or later you'd buy near the top.
hero member
Activity: 756
Merit: 500
It's all fun and games until somebody loses an eye
Every time I start moving money towards bitcoin, the price jumps while I am waiting for my money to get to the exchange.
Okay, lets test my theory. I started a deposit to MtGox today, which means the price should rise between now and Feb 12th (when Dwolla says the transfer should be complete). Current price: 22.08 USD per BTC (45.3 mBTC per USD)
Alright, my funds just got to MtGox, and the price stands at 25.71 USD. That is a 16.4% increase in less than a week.
So my theory must be correct, the price is influenced by my intention to buy more.
its the other way around.
your intention to buy more is influenced by price moments.
So you are saying one action was influenced by a future action?
I have used the scientific method (hypothesis followed by experiment).
It's pretty simple actually: Every time I buy the price goes down. Every time I sell the price goes up. Last night I bought in with half my capital, so we should now see a period of stability
It's pretty simple actually: Every time I buy the price goes down. Every time I sell the price goes up. Last night I bought in with half my capital, so we should now see a period of stability
Every time I start moving money towards bitcoin, the price jumps while I am waiting for my money to get to the exchange.
Okay, lets test my theory. I started a deposit to MtGox today, which means the price should rise between now and Feb 12th (when Dwolla says the transfer should be complete). Current price: 22.08 USD per BTC (45.3 mBTC per USD)
Alright, my funds just got to MtGox, and the price stands at 25.71 USD. That is a 16.4% increase in less than a week.
So my theory must be correct, the price is influenced by my intention to buy more.
its the other way around.
your intention to buy more is influenced by price moments.
hero member
Activity: 756
Merit: 500
It's all fun and games until somebody loses an eye
I have used the scientific method (hypothesis followed by experiment).
It's pretty simple actually: Every time I buy the price goes down. Every time I sell the price goes up. Last night I bought in with half my capital, so we should now see a period of stability
It's pretty simple actually: Every time I buy the price goes down. Every time I sell the price goes up. Last night I bought in with half my capital, so we should now see a period of stability
Every time I start moving money towards bitcoin, the price jumps while I am waiting for my money to get to the exchange.
Okay, lets test my theory. I started a deposit to MtGox today, which means the price should rise between now and Feb 12th (when Dwolla says the transfer should be complete). Current price: 22.08 USD per BTC (45.3 mBTC per USD)
Alright, my funds just got to MtGox, and the price stands at 25.71 USD. That is a 16.4% increase in less than a week.
So my theory must be correct, the price is influenced by my intention to buy more.
I have used the scientific method (hypothesis followed by experiment).
It's pretty simple actually: Every time I buy the price goes down. Every time I sell the price goes up. Last night I bought in with half my capital, so we should now see a period of stability
It's pretty simple actually: Every time I buy the price goes down. Every time I sell the price goes up. Last night I bought in with half my capital, so we should now see a period of stability
Every time I start moving money towards bitcoin, the price jumps while I am waiting for my money to get to the exchange.
Okay, lets test my theory. I started a deposit to MtGox today, which means the price should rise between now and Feb 12th (when Dwolla says the transfer should be complete). Current price: 22.08 USD per BTC (45.3 mBTC per USD)
Will edit to show result of experiment.
Use Coinbase, they lock the price you pay, you just can't withdraw the bitcoins until your ACH deposit is complete. They also take a commision, but if you're concerned about price fluctuation risk, the commision is relatively low. The last time I bought some coins there, the market value of bitcoins went up more during the delay than the commision.
hero member
Activity: 756
Merit: 500
It's all fun and games until somebody loses an eye
I have used the scientific method (hypothesis followed by experiment).
It's pretty simple actually: Every time I buy the price goes down. Every time I sell the price goes up. Last night I bought in with half my capital, so we should now see a period of stability
It's pretty simple actually: Every time I buy the price goes down. Every time I sell the price goes up. Last night I bought in with half my capital, so we should now see a period of stability
Every time I start moving money towards bitcoin, the price jumps while I am waiting for my money to get to the exchange.
Okay, lets test my theory. I started a deposit to MtGox today, which means the price should rise between now and Feb 12th (when Dwolla says the transfer should be complete). Current price: 22.08 USD per BTC (45.3 mBTC per USD)
Will edit to show result of experiment.
Just sold my remains. If my analysis is correct, we should be doing >$22 today! Congrats everyone.
Thank you! Please let us know when you are buying back in ....
lol
Just sold my remains. If my analysis is correct, we should be doing >$22 today! Congrats everyone.
Thank you! Please let us know when you are buying back in ....
hero member
Activity: 756
Merit: 500
It's all fun and games until somebody loses an eye
I have used the scientific method (hypothesis followed by experiment).
It's pretty simple actually: Every time I buy the price goes down. Every time I sell the price goes up. Last night I bought in with half my capital, so we should now see a period of stability
It's pretty simple actually: Every time I buy the price goes down. Every time I sell the price goes up. Last night I bought in with half my capital, so we should now see a period of stability
Every time I start moving money towards bitcoin, the price jumps while I am waiting for my money to get to the exchange.
Just sold my remains. If my analysis is correct, we should be doing >$22 today! Congrats everyone.
Have you tried making your mind to sell and stop when you are about to hit the sell button. Every time I do that, the price goes up.
Last night I bought in with half my capital, so we should now see a period of stability
Just sold my remains. If my analysis is correct, we should be doing >$22 today! Congrats everyone.
lol wtf?
i THINK your doing it wrong...
the bitcoin market.:
Whenever you go to a poker game, the first thing you do is try to identify the fish. If you can't figure that out, you're the fish.
Guys, I've got some bad news for you.
You're the fish.
Guys, I've got some bad news for you.
You're the fish.
Listen, here's the thing. If you can't spot the sucker in the first half hour at the table, then you ARE the sucker.
Rounders, 1988
Rounders was late-90's not 80's
1998
I must just be lucky, every time I buy three years later the price is way up.
I have used the scientific method (hypothesis followed by experiment).
It's pretty simple actually: Every time I buy the price goes down. Every time I sell the price goes up. Last night I bought in with half my capital, so we should now see a period of stability
It's pretty simple actually: Every time I buy the price goes down. Every time I sell the price goes up. Last night I bought in with half my capital, so we should now see a period of stability
Best theory so far, I had exactly the same feeling for almost all financial transactions.
[deleted]
I have used the scientific method (hypothesis followed by experiment).
It's pretty simple actually: Every time I buy the price goes down. Every time I sell the price goes up. Last night I bought in with half my capital, so we should now see a period of stability
It's pretty simple actually: Every time I buy the price goes down. Every time I sell the price goes up. Last night I bought in with half my capital, so we should now see a period of stability
So basically you're the real world George Costanza
Hah, I forgot about that episode. I was actually thinking about the one where George realizes every decision in his life has been wrong and decides to do the opposite of what his intuition tells him to do.
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