Let's go 11/13 green weekly candles.. would be quite the thing
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27309. (Read 26609909 times)
June 05, 2014, 12:41:42 AM
Let's leave our personal opinions about each other at the door to the err.. forum. Nothing is gained from character assassination on the internet. Unless you like trolling yourself.
Let's go 11/13 green weekly candles.. would be quite the thing
Let's go 11/13 green weekly candles.. would be quite the thing
June 05, 2014, 12:35:03 AM
WTH is happening with XC? Can anyone give a FUDless unbiased opinion? -_-
vaporware 
No improvement over CryptoNote
June 05, 2014, 12:32:08 AM
WTH is happening with XC? Can anyone give a FUDless unbiased opinion? -_-
June 05, 2014, 12:24:33 AM
I predict from now until the first week of August we will have at most 2 weekly red candles.
The rest will be green.
The rest will be green.
what time scale ? ... Daily ?
The time scale is per week...as he said at most 2 weekly red candles... right?
In any case, this sounds like a fairly bold prediction, in part b/c we are on the 5th green candle in a row. There are about 8 more weeks between now and the 1st week of august, so he is predicting 11 out of 13 green candles. Even though such a positive run is possible, especially given the general 6 month decline, yet sounds way too good to be true.
June 05, 2014, 12:12:42 AM
It's how deep the candles run that matters
June 05, 2014, 12:10:10 AM
I predict from now until the first week of August we will have at most 2 weekly red candles.
The rest will be green.
The rest will be green.
what time scale ? ... Daily ?
The time scale is per week...as he said at most 2 weekly red candles... right?
June 05, 2014, 12:07:00 AM
On page 4, that article by Academic Prof. Kristoufek says
He must be excused however, since his source for price series is www.bitcoincharts.com -- which STILL refuses to admit the existence of any Chinese exchange other than BTC-China.
Quote
For examination of the relationship between the USD and Chinese Renminbi (CNY) Bitcoin markets, we use prices and volumes of the btcnCNY market which is by far the biggest CNY exchange.
But "btcnCNY" is BTC-China, which at the time the article was written (after MtGOX was found to be insolvent) was essentially dead. No wonder his fancy wavelet method found no influence of "China" on the USD price.He must be excused however, since his source for price series is www.bitcoincharts.com -- which STILL refuses to admit the existence of any Chinese exchange other than BTC-China.
Yes, that's true. BTC-China's volume is less than 1/10 of Huobi and only contributes less than 5% of China Volume now. If that paper really only looks at BTC China's volume, then I have to doubt it's 'scientific-ness'.
That is, they may have a reasonable method, but the data source is wrong. 
June 05, 2014, 12:00:22 AM
June 04, 2014, 11:42:56 PM
On page 4, that article by Academic Prof. Kristoufek says
He must be excused however, since his source for price series is www.bitcoincharts.com -- which STILL refuses to admit the existence of any Chinese exchange other than BTC-China.
Quote
For examination of the relationship between the USD and Chinese Renminbi (CNY) Bitcoin markets, we use prices and volumes of the btcnCNY market which is by far the biggest CNY exchange.
But "btcnCNY" is BTC-China, which at the time the article was written (after MtGOX was found to be insolvent) was essentially dead. No wonder his fancy wavelet method found no influence of "China" on the USD price.He must be excused however, since his source for price series is www.bitcoincharts.com -- which STILL refuses to admit the existence of any Chinese exchange other than BTC-China.
June 04, 2014, 11:33:41 PM
Was he saying us westerners don't know how to gamble too?? Like the chinese
June 04, 2014, 11:30:13 PM
None of that is supported by this recent study. http://arxiv.org/pdf/1406.0268v1.pdf
That is the difference between scientific research and some forum troll. 
Fortunately you are still free to believe whatever you want.
Then why don't you do some real research 'professor', instead of posting your daily assumptions on a forum?
I think he is just a basic Biatch......could not have an original thought in his life if it jumped up and slapped him in the face
June 04, 2014, 11:10:51 PM
None of that is supported by this recent study. http://arxiv.org/pdf/1406.0268v1.pdf
That is the difference between scientific research and some forum troll. Fortunately you are still free to believe whatever you want.
June 04, 2014, 11:08:34 PM
Unlike tulip-mania the supply is limited
And unlike Bitcoin, tulips die and need periodic replacing.
June 04, 2014, 11:01:44 PM
Unlike tulip-mania the supply is limited
June 04, 2014, 11:00:29 PM
June 04, 2014, 10:56:39 PM
Why is anyone still focusing on China? Do they contribute anything to Bitcoin development or adoption?
Because they still define the price, mostly. Arbitrage trading tends to equalize prices among all exchanges, generally by copying the price from high-liquidity exchanges to low liquidity ones (counting as "liquidity" not only the order book but also how quickly the traders react, I guess.) That effectively means copying the price from the main Chinese exchanges (OKCoin, Huobi, BTC-China, and several others that are not listed by popular chart sites) to those in the "West" (Bitstamp, BTC-e, etc.)
I would say that this rally, in particular, was started and is being driven by the Chinese traders. The big price jumps (the positive ones, at least) seem to have started in China a little before they start in the West. (It hard to tell for sure, the difference is less than a minute; which is expected, because arbitrage robots must be quick or they will lose the opportunities to competitors).
None of that is supported by this recent study. http://arxiv.org/pdf/1406.0268v1.pdf
June 04, 2014, 10:46:53 PM
gee whiz i hope i wake up in time to see us break 680.
I think we either break 700 off of this current holding pattern, or down to the middish 500's. I can not say into August ;p
Agreed. I dont see us breaking $700 though :/
Q::: why are we still below $1000? lmaooooo!!! =)
A::: BTC is being held down & accumulated by corporations imo!!!!
June 04, 2014, 10:40:06 PM
feels like the big whales are waiting for something to happen to spur a rally, but it's been relatively quiet the past few days.
June 04, 2014, 10:35:49 PM
gee whiz i hope i wake up in time to see us break 680.
I think we either break 700 off of this current holding pattern, or down to the middish 500's. I can not say into August ;p
Agreed. I dont see us breaking $700 though :/
June 04, 2014, 10:06:29 PM
I think we either break 700 off of this current holding pattern, or down to the middish 500's. I can not say into August ;p
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