Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28082. (Read 26710020 times)
April 20, 2014, 06:52:25 PM
Looks like we may be headed downward soon. Huobi is slowly inching down.
April 20, 2014, 06:49:21 PM
yeah, talking about marketcap with crypto is quiet meaningless to me. Real question about Ripple don't you think you may be wrong about it ? I mean well known economist are part of the team now https://ripple.com/blog/welcome-susan-athey-to-ripple-labs/
and they are still hiring and working hard on the protocol.
Bad trolling appart , what do you think ?
April 20, 2014, 06:43:27 PM
April 20, 2014, 06:37:23 PM
What do you guys think? Price seemed un effected by the easter holiday. What will next week bring us?
Probably a harsh crash, the hype is going down and bitcoin has no utility
April 20, 2014, 06:30:27 PM
fractal inverse batman heads alert
hmm cant see why you say fractal but yeah batman heads watever. not my cup of tea. best to be in before this happens.
April 20, 2014, 06:25:43 PM
fractal inverse batman heads alert
this is a Joker reversal trend, obvious.
April 20, 2014, 06:23:50 PM
fractal inverse batman heads alert
April 20, 2014, 06:09:52 PM
if you like to use head and shoulders...
twice rejected by support. I am still expecting 580 in the coming days.
twice rejected by support. I am still expecting 580 in the coming days.
April 20, 2014, 06:01:48 PM
Chinese Slumber Method prediction for Monday April 21
Prediction valid for: Monday 2014-04-20, 19:00--19:59 UTC (not before, not after)
Huobi's predicted price: 3097 CNY
Bitstamp's predicted price: 496 USD
Plot legend
Today's data point was fair, (S = 0.0 035 W = 0.782) and, like the previous one, totally off the trend of Apr/16--18. Whatever external causes sustained that trend must have ceased, so it is appropriate to start a new trend, the straight line defined by the last two points. Namely, A + B*(d-d0), where d-d0 is the number of days since Apr/19, A = 3153 and B = -28.
The Bitstamp prediction, as usual, is the Huobi prediction divided by the currency conversion factor R, which was assumed to be 6.24 CNY/USD. It was 6.25, 6.26, 6.18, 6.21, 6.23 at the last five Slumber Times.
Checking the previous prediction
Prediction was posted on: Saturday 2014-04-19, 23:37 UTC
Prediction was valid for: Sunday 2014-04-20, 19:00--19:59 UTC (~19 hours later)
Punished for my stubborness:
Huobi's predicted price: 2788 CNY
Huobi's actual price (L+H)/2: 3125 CNY
Error: 337 CNY (~54 USD)
Bitstamp's predicted price: 450 USD
Bitstamp's actual price (L+H)/2: 500 USD
Error: 50 USD
NOTE:
"On two occasions I have been asked, 'Pray, Mr. Babbage, if you
put into the machine wrong figures, will the right answers come out?'"
Prediction valid for: Monday 2014-04-20, 19:00--19:59 UTC (not before, not after)
Huobi's predicted price: 3097 CNY
Bitstamp's predicted price: 496 USD
Plot legend
Today's data point was fair, (S = 0.0 035 W = 0.782) and, like the previous one, totally off the trend of Apr/16--18. Whatever external causes sustained that trend must have ceased, so it is appropriate to start a new trend, the straight line defined by the last two points. Namely, A + B*(d-d0), where d-d0 is the number of days since Apr/19, A = 3153 and B = -28.
The Bitstamp prediction, as usual, is the Huobi prediction divided by the currency conversion factor R, which was assumed to be 6.24 CNY/USD. It was 6.25, 6.26, 6.18, 6.21, 6.23 at the last five Slumber Times.
Checking the previous prediction
Prediction was posted on: Saturday 2014-04-19, 23:37 UTC
Prediction was valid for: Sunday 2014-04-20, 19:00--19:59 UTC (~19 hours later)
Punished for my stubborness:
Huobi's predicted price: 2788 CNY
Huobi's actual price (L+H)/2: 3125 CNY
Error: 337 CNY (~54 USD)
Bitstamp's predicted price: 450 USD
Bitstamp's actual price (L+H)/2: 500 USD
Error: 50 USD
NOTE:
"On two occasions I have been asked, 'Pray, Mr. Babbage, if you
put into the machine wrong figures, will the right answers come out?'"
April 20, 2014, 06:00:55 PM
Do you think Ripple is the future ?
There's only one person who thinks that ripple is the future!
Hehehehe... a network of 1.
what if you are wrong ?
April 20, 2014, 06:00:23 PM
April 20, 2014, 05:59:24 PM
Do you think Ripple is the future ?
There's only one person who thinks that ripple is the future!
Hehehehe... a network of 1.
April 20, 2014, 05:55:44 PM
The reason Bitcoin will rise has little to do with modern countries with regulated banking sectors that are mostly working properly. The reason someone in a third world country would invest in Bitcoin is because it's going to be safer than the bank that is controlled by a shaky Government. If your money was in Ukraine's currency, would you feel safe that it would be there in the morning? Unlikely. And it is not easy for these people to go and purchase another currency and then keep it somewhere safe. Bitcoin provides safety. It's just not that easy to move money in and out of Bitcoin for the non-text savy. More Bitcoin ATM's, more adoption at stores, more wallets and education. Its value will grow and grow.
Bitcoin needs a lot more education in the third world and access has to be made available. The longer Bitcoin survives the more people will realize it's not a fly-by-night investment scam, and an actual good place to store your money safely. Safer than corrupt banks and hanging onto cash in the home.
Bitcoin needs a lot more education in the third world and access has to be made available. The longer Bitcoin survives the more people will realize it's not a fly-by-night investment scam, and an actual good place to store your money safely. Safer than corrupt banks and hanging onto cash in the home.
April 20, 2014, 05:40:27 PM
Do you think Ripple is the future ?
There's only one person who thinks that ripple is the future!
April 20, 2014, 05:39:20 PM
The largest theft in history, to my knowledge, is the embezzlement of 4.3 trillion USD in the U.S. dept. of defense reported to congress by sec.y Rumsfeld on 10 Sep 2001. Clearly it was digital, as otherwise the task of transporting the benjamins would have required 2200 standard 50ft boxcars, I.e. a train of boxcars 22 miles long, which would have drawn attention.
+1
But I'm quite sure Jorge will find a way of blaming Bitcoin for that too. Then he'll diligently ignore the rebuttals, wait a month or so and bring it up again.
April 20, 2014, 05:32:19 PM
Do you think Ripple is the future ?
April 20, 2014, 05:28:09 PM
The largest theft in history, to my knowledge, is the embezzlement of 4.3 trillion USD in the U.S. dept. of defense reported to congress by sec.y Rumsfeld on 10 Sep 2001. Clearly it was digital, as otherwise the task of transporting the benjamins would have required 2200 standard 50ft boxcars, I.e. a train of boxcars 22 miles long, which would have drawn attention.
April 20, 2014, 05:12:52 PM
I'd say the space between hearing the word 'Bitcoin', understanding what it is and then actually purchasing some is going to be several years for most people. Anyone on here right now is most definitely not most people.
April 20, 2014, 05:04:08 PM
Well my opinion is a slow drop in to the lower double digits over the course of 2014, and probably through 2015. Looks like a sinking ship to me. I've been pretty bullish mid term in the past but with the whole Gox ordeal, my opinion is that its GG for bitcoin.
I very much doubt we will be seeing double digits and certainly over such an extended period of time what is it about the gox ordeal that will still bring the price down ?
I dont see any more catalysts for bitcoin going up. The average joe just doesnt care about saving a buck on a transaction, nor do they care about anonymity, nor do they transfer money across the world more than once in their life.
Pretty much everyone has heard of bitcoin by now, and that helped with the bubble to $260. And then, people learned about bitcoin and what it does in the run up last year. Now, what would possibly trigger another jump? People know about it and what it does. They dont want any part of it.
I have bitcoins and I dont use them for anything but gambling. If amazon accepted them, I still wouldnt (And I shop at amazon A LOT). I dont feel remotely safe having bitcoins on my computer due to how easily they are stolen, and I dont like transactions because its not reversible. Yeah, a better interface is totally possible but still, credit cards are easy.
Again this is just my opinion(obviously) and I dont mean for anything to come off as fact, "PROVE IT!!!"
I sure as hell hope I'm wrong though, as I HODL on to my remaining $380 coins.
* I suppose there are a few things that could trigger another jump (big investors) but even if that occurs, I still see it just delaying the inevitable drop to the lower double digits.
You surely are coming across as worse than a glass half full kind of poster.
You seem to be focusing on the empty portion of the glass, while seeming to ignore the content within the glass and the fact that there is a pitcher that can refill the glass on the same table.
Surely, it is possible that BTC prices will continue to go down into the $100s, but NOT very likely. Additionally, there is a considerable amount of ongoing developments in the bitcoin space that are likely going to have delayed effects on increasing the price.
So what, we have some downward period that may last several months longer than expected? - that does NOT meaningfully affect the long term potentials for bitcoin.
At the moment, I do NOT know what further to say to cause you to focus on the bigger picture, rather than seeming to cry in your perceptions of a "half empty" glass.
April 20, 2014, 05:00:18 PM
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