Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31221.

rpietila

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Activity: 1722

Merit: 1036

Quote from: solex on December 13, 2013, 06:05:02 PM

Quote from: TERA on December 13, 2013, 05:47:06 PM

Of course with China anything is possible, we can all be wrong, and nobody knows what's going to happen. They have messed up all our TA and seem to have their own TA like 'the book of the path of the dragon'.

The Chinese dragon is ripping the faces off a few bears at the moment.

Yeah, one more % and it has regained all the losses of the last 12 hours. Yawn....

TERA

hero member

Activity: 728

Merit: 500

vdcc

member

Activity: 67

Merit: 10

Quote from: macsga on December 13, 2013, 06:12:14 PM

I really believe that Risto is seriously trolling in here. It's virtually IMPOSSIBLE to predict ANYTHING for sure into such a system like BTC. A serious prediction of ANY chaotic system (not one like we're observing here, which may as well be the mother of all chaotic systems) would have been in the timeframe of minutes or hours at max, not days; nor weeks.

I'm interested in short-term predictions, like for next hour or so

Richy_T

legendary

Activity: 2688

Merit: 2399

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: Vycid on December 13, 2013, 06:13:31 PM

Quote from: rpietila on December 13, 2013, 05:50:28 PM

Quote from: macsga on December 13, 2013, 05:43:32 PM

Everybody understands that *if* this maintains itself (or go better) next week will be rising like hell... right?

No. Math says that it takes 10x more everything to make the price rise from 10x higher level.

We do not have 10 times more anything, compared to last summer. 5 times we have, so the price is overvalued by a factor of 2, and will go down -50%.

I have thousands of lines of research on the subject but nobody reads it anyway so why even post...

Profoundly incorrect.

lrn2pricediscovery

+1

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: ?? on ??

Quote from: rpietila on December 13, 2013, 05:50:28 PM

Quote from: macsga on December 13, 2013, 05:43:32 PM

Everybody understands that *if* this maintains itself (or go better) next week will be rising like hell... right?

No. Math says that it takes 10x more everything to make the price rise from 10x higher level.

We do not have 10 times more anything, compared to last summer. 5 times we have, so the price is overvalued by a factor of 2, and will go down -50%.

I have thousands of lines of research on the subject but nobody reads it anyway so why even post...

But this is btc:-D

Btc dont care

You should be the right person to bet for BTC against me... Grin

How about:
- Will Bitstamp surpass its ATH of $1163/BTC in 2 months?

- If this price is breached, Goat wins.
- If not (until February 13th 24:00 UTC), rpietila wins.

Bet amount is $50,000, (odds 1:1) paid in bitcoins at the rate of the settlement date.

DaRude

legendary

Activity: 2938

Merit: 1951

In order to dump coins one must have coins

Quote from: rpietila on December 13, 2013, 05:51:48 PM

Quote from: gandhibt on December 13, 2013, 05:49:43 PM

china will go thru 5500 soon, they already punctured it and now they are oversold

Having seen my magic, perhaps you can now publicly acknowledge that I have 10,000 bitcoins, apologize, stfu and gtfo. OK? Grin

Which page was the magic on? Seemed to have missed it?

Vycid

sr. member

Activity: 336

Merit: 250

♫ the AM bear who cares ♫

Quote from: rpietila on December 13, 2013, 05:50:28 PM

Quote from: macsga on December 13, 2013, 05:43:32 PM

Everybody understands that *if* this maintains itself (or go better) next week will be rising like hell... right?

No. Math says that it takes 10x more everything to make the price rise from 10x higher level.

We do not have 10 times more anything, compared to last summer. 5 times we have, so the price is overvalued by a factor of 2, and will go down -50%.

I have thousands of lines of research on the subject but nobody reads it anyway so why even post...

Profoundly incorrect.

lrn2pricediscovery

Quote from: macsga on December 13, 2013, 06:12:14 PM

I really believe that Risto is seriously trolling in here. It's virtually IMPOSSIBLE to predict ANYTHING for sure into such a system like BTC. A serious prediction of ANY chaotic system (not one like we're observing here, which may as well be the mother of all chaotic systems) would have been in the timeframe of minutes or hours at max, not days; nor weeks.

ANY data provided and calculated may as well be proved as right, also as wrong. If he managed to make it based onto his calculations it's good for him and may as well define a brand new IQ entity by himself. I seriously salute him! But I don't think he did it only because of them. Luck is a special and important factor in this.

Just saying (if you want theoretical proof I can also support what I've just typed).

Again: system dynamics DOES have approaches for things like Bitcoin, where the model is simply of questionable accuracy instead of completely worthless.

macsga

legendary

Activity: 1484

Merit: 1002

Strange, yet attractive.

I really believe that Risto is seriously trolling in here. It's virtually IMPOSSIBLE to predict ANYTHING for sure into such a system like BTC. A serious prediction of ANY chaotic system (not one like we're observing here, which may as well be the mother of all chaotic systems) would have been in the timeframe of minutes or hours at max, not days; nor weeks.

ANY data provided and calculated may as well be proved as right, also as wrong. If he managed to make it based onto his calculations it's good for him and may as well define a brand new IQ entity by himself. I seriously salute him! But I don't think he did it only because of them. Luck is a special and important factor in this.

Just saying (if you want theoretical proof I can also support what I've just typed).

kurious

legendary

Activity: 2604

Merit: 1748

Quote from: rpietila on December 13, 2013, 05:51:48 PM

Quote from: gandhibt on December 13, 2013, 05:49:43 PM

china will go thru 5500 soon, they already punctured it and now they are oversold

Having seen my magic, perhaps you can now publicly acknowledge that I have 10,000 bitcoins, apologize, stfu and gtfo. OK? Grin

Oh dear - arrogance is never appealing - steady, eh?

Gandibit is Ok - I know you will say don't care if you make friends here, but if you don't care, why bother posting here - ego?

tHash

sr. member

Activity: 260

Merit: 250

Quote from: JimboToronto on December 13, 2013, 05:54:41 PM

Quote from: Dragonkiller on December 13, 2013, 05:49:38 PM

Quote from: JimboToronto on December 13, 2013, 05:45:25 PM

920 wall pulled on Gox. Hmmm.

to da moon

Talk about jumping the gun. Grin

I think we have set up orbit at Lagrangian point 1.

We have achieved a level of balance in the short term, and it takes significant pressure to move in either direction.

Got to fuel up for a few more days/weeks to break free and continue on.

adamstgBit

legendary

Activity: 1904

Merit: 1038

Trusted Bitcoiner

Quote from: MAbtc on December 13, 2013, 06:02:10 PM

Quote from: rpietila on December 13, 2013, 05:51:48 PM

Quote from: gandhibt on December 13, 2013, 05:49:43 PM

china will go thru 5500 soon, they already punctured it and now they are oversold

Having seen my magic, perhaps you can now publicly acknowledge that I have 10,000 bitcoins, apologize, stfu and gtfo. OK? Grin

The bears are glad to have you, rpietila. Cheesy

its a real pleasure to be able to chat with rpietila.
It turley is.

solex

legendary

Activity: 1078

Merit: 1006

100 satoshis -> ISO code

Quote from: TERA on December 13, 2013, 05:47:06 PM

Of course with China anything is possible, we can all be wrong, and nobody knows what's going to happen. They have messed up all our TA and seem to have their own TA like 'the book of the path of the dragon'.

The Chinese dragon is ripping the faces off a few bears at the moment.

Carra23

legendary

Activity: 980

Merit: 1000

Need a campaign manager? PM me

Quote from: rpietila on December 13, 2013, 05:50:28 PM

Quote from: macsga on December 13, 2013, 05:43:32 PM

Everybody understands that *if* this maintains itself (or go better) next week will be rising like hell... right?

No. Math says that it takes 10x more everything to make the price rise from 10x higher level.

We do not have 10 times more anything, compared to last summer. 5 times we have, so the price is overvalued by a factor of 2, and will go down -50%.

I have thousands of lines of research on the subject but nobody reads it anyway so why even post...

Can you direct me to it?

MAbtc

hero member

Activity: 826

Merit: 508

Quote from: rpietila on December 13, 2013, 05:51:48 PM

Quote from: gandhibt on December 13, 2013, 05:49:43 PM

china will go thru 5500 soon, they already punctured it and now they are oversold

Having seen my magic, perhaps you can now publicly acknowledge that I have 10,000 bitcoins, apologize, stfu and gtfo. OK? Grin

The bears are glad to have you, rpietila. Cheesy

macsga

legendary

Activity: 1484

Merit: 1002

Strange, yet attractive.

http://bitcoinwisdom.com/markets/btcchina/btccny

This is getting interesting...

TERA

hero member

Activity: 728

Merit: 500

I don't know why you guys follow gox - its just bots that follow BTChina.

mvidetto

sr. member

Activity: 462

Merit: 250

Quote from: Miz4r on December 13, 2013, 05:32:35 PM

Quote from: Patel on December 13, 2013, 05:18:05 PM

I think the longer we keep going slightly downwards, the better. It insures we won't drop to 542 overnight again

Actually a slow slide downwards often turns into an avalanche at some point. People holding bitcoins hate seeing its value slowly sliding down and down and at some point the twig just breaks. So far not seeing that here because we're still sitting at the same price level where we were yesterday for a long time but if we slide below 840-850 on Gox (830 Bitstamp) a real sell-off is very easily triggered.

I would tend to agree with this, and yeah I'm currently worrying about the price as well...

JimboToronto

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Activity: 4284

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You're never too old to think young.

Quote from: Dragonkiller on December 13, 2013, 05:49:38 PM

Quote from: JimboToronto on December 13, 2013, 05:45:25 PM

920 wall pulled on Gox. Hmmm.

to da moon

Talk about jumping the gun. Grin

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: gandhibt on December 13, 2013, 05:49:43 PM

china will go thru 5500 soon, they already punctured it and now they are oversold

Having seen my magic, perhaps you can now publicly acknowledge that I have 10,000 bitcoins, apologize, stfu and gtfo. OK? Grin

macsga

legendary

Activity: 1484

Merit: 1002

Strange, yet attractive.

Quote from: virtualfaqs on December 13, 2013, 05:50:15 PM

Depends on the odds. But most likely reptila can calculate them to his advantage. Too much math for me.

I'm good at math, trends also. But wouldn't bet on either way. Risto has the ability to lose and laugh about it; I don't. Undecided

Quote from: rpietila on December 13, 2013, 05:50:28 PM

Quote from: macsga on December 13, 2013, 05:43:32 PM

Everybody understands that *if* this maintains itself (or go better) next week will be rising like hell... right?

No. Math says that it takes 10x more everything to make the price rise from 10x higher level.

We do not have 10 times more anything, compared to last summer. 5 times we have, so the price is overvalued by a factor of 2, and will go down -50%.

I have thousands of lines of research on the subject but nobody reads it anyway so why even post...

I'd like to take a peek if you don't mind... ?

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31221. (Read 26731003 times)