Is anyone getting live data from anywhere? bitcoinity and clarkmoody are really not helpful at the moment
Try this perhaps?
Topic: Wall Observer - MtGoxUSD wall movement tracker - page 64. (Read 1811564 times)
Try this perhaps?
So I would venture to suggest 'bring[ing] this back into peoples heads' is not helpful seeing as it has as far as I can see nothing useful to add to the discussion other than responses illustrating the multitude of reasons why it is so useless when comparing to usd/btc charts.
I have to say that you, judging your response, seem to have at this point a better understanding/ability to critique said charts. I agree with most of that you have to say with regard to the usefulness of the said chart, as I mentioned in one of the prior posts I was simply judging it from a quasi-aesthetic stance. Seeing similar patterns etc. I have to say if everyone put as much thought into stuff they post onto here as you did then this would be infinitely more educating than it is at times.
...
Looking at these charts trying to predict the future is wasted energy. You could as well open a fortune cookie to see what the price is going to do.
Looking at these charts trying to predict the future is wasted energy. You could as well open a fortune cookie to see what the price is going to do.
I couldnt agree with you more, but as humans we are trained to see patterns in (all) things. This is the speculation thread though so if we are gonna be using fortune cookies anywhere then no better place than here. But to reiterate you are right it is somewhat useless, which also lead to me not directly giving a definitive answer in relation to the 'where are we now on there' question.
Thanks for your compliment
Please don't think I am an authority on charts etc. I'm part going by what I've learned from others here, part putting apparently disparate facts and observations together and part making shit up that I don't really know anything about 
Is anyone getting live data from anywhere? bitcoinity and clarkmoody are really not helpful at the moment
...My only two regrets are that I didn't cash-out my original stake at the top and now, that I put a few btc on bitcoin-24 which I managed to parlay a little higher but now is apparently gone (I'm assuming forever)
Why do you assume that?
Well IMO we are either at beartrap or despair, but as others have said this graph can be really applied to many things and its relevance to BTC has to be questioned. The main problem being we haven't been through all of the background phases of the chart i.e investments, public etc. Which if you go by my guess' means that we are at beartrap, but the pattern of the line looks awfully similar to what we have witnessed meaning we could be at despair. Who the fuck knows where we are jumping from 90-100, but if you take either of those predictions then at least the only way is up eh.
If you are going with this chart, I wouldn't pay too much attention to the stuff in the background. That may be typical for a stock bubble but isn't necessarily a requirement for things to behave like that. You also have to take into account the tendency of the human mind to find patterns whether they're there or not. There were several bear traps, of various sizes, on the way up and the price was definitely not a nice smooth line. For me, I started getting concerned when we started climbing above exponential growth. My only two regrets are that I didn't cash-out my original stake at the top and now, that I put a few btc on bitcoin-24 which I managed to parlay a little higher but now is apparently gone (I'm assuming forever)
It will be a series of endless bubbles, forever. Welcome to the profit-rollercoster. Buy low, sell high, panic, profit, rinse, wash, repeat.
Not forever.Bitcoin isn't a stock or a commodity. Those things have speculative bubbles because at some point you have to cash out of them.
Bitcoin is a new technology that replaces money. In principle there is no need to cash out of it - you can convert your legacy currencies into bitcoin and just stay in it forever. At least you'll be able to do that at some point. The ecosystem and the infrastructure just isn't ready for that yet.
These hyper-exponential runs are not cyclical bubbles, they are battering rams. Every time it happens we're going to rebound - except for the last time. There will be no cashing out of the final run up because after that there won't be any other currencies to cash out into.
Bitcoin is not new technology, it's merely the first crypto currency to garner sufficient hype to give it a veneer of legitimacy.
Lol and was before btc?
What are you asking me?
It will be a series of endless bubbles, forever. Welcome to the profit-rollercoster. Buy low, sell high, panic, profit, rinse, wash, repeat.
Not forever.Bitcoin isn't a stock or a commodity. Those things have speculative bubbles because at some point you have to cash out of them.
Bitcoin is a new technology that replaces money. In principle there is no need to cash out of it - you can convert your legacy currencies into bitcoin and just stay in it forever. At least you'll be able to do that at some point. The ecosystem and the infrastructure just isn't ready for that yet.
These hyper-exponential runs are not cyclical bubbles, they are battering rams. Every time it happens we're going to rebound - except for the last time. There will be no cashing out of the final run up because after that there won't be any other currencies to cash out into.
Bitcoin is not new technology, it's merely the first crypto currency to garner sufficient hype to give it a veneer of legitimacy.
Most likely: that graph can't be used to infer anything in regard to bitcoin
You are still in "denial" while the most of the world has moved to "return to 'normal'".
It will be a series of endless bubbles, forever. Welcome to the profit-rollercoster. Buy low, sell high, panic, profit, rinse, wash, repeat.
Not forever.Bitcoin isn't a stock or a commodity. Those things have speculative bubbles because at some point you have to cash out of them.
Bitcoin is a new technology that replaces money. In principle there is no need to cash out of it - you can convert your legacy currencies into bitcoin and just stay in it forever. At least you'll be able to do that at some point. The ecosystem and the infrastructure just isn't ready for that yet.
These hyper-exponential runs are not cyclical bubbles, they are battering rams. Every time it happens we're going to rebound - except for the last time. There will be no cashing out of the final run up because after that there won't be any other currencies to cash out into.
This, pretty much. A lot of people simply can't comprehend a world without fiat and/or they don't think it will change anytime soon. This is often due to not paying attention to the economic environment in the world around them, the rampant corruption, manipulation, etc. The world is ripe for a massive change that will improve everyone's quality of life.
It will be a series of endless bubbles, forever. Welcome to the profit-rollercoster. Buy low, sell high, panic, profit, rinse, wash, repeat.
Not forever.Bitcoin isn't a stock or a commodity. Those things have speculative bubbles because at some point you have to cash out of them.
Bitcoin is a new technology that replaces money. In principle there is no need to cash out of it - you can convert your legacy currencies into bitcoin and just stay in it forever. At least you'll be able to do that at some point. The ecosystem and the infrastructure just isn't ready for that yet.
These hyper-exponential runs are not cyclical bubbles, they are battering rams. Every time it happens we're going to rebound - except for the last time. There will be no cashing out of the final run up because after that there won't be any other currencies to cash out into.
Am I the only one here worried about
btc24 being "momentarily not available"
for the past 16 hours
btc24 being "momentarily not available"
for the past 16 hours
I heard they got shut down. Aml violations and no permits. I have no source.
what about my coins?
It's all right on their homepage...
https://bitcoin-24.com
Am I the only one here worried about
btc24 being "momentarily not available"
for the past 16 hours
btc24 being "momentarily not available"
for the past 16 hours
I heard they got shut down. Aml violations and no permits. I have no source.
what about my coins?
Am I the only one here worried about
btc24 being "momentarily not available"
for the past 16 hours
btc24 being "momentarily not available"
for the past 16 hours
What if we are still in the bubble? We had some crashes before the last one, wich recovered very fast, but some saw mt.gox lag stopping everything. What if this last crash is like them, just bigger because mt.gox lagged much more and was unavailable for like a day or more? This would mean that crash will recover soon. Price is already increasing.
It will be a series of endless bubbles, forever. Welcome to the profit-rollercoster. Buy low, sell high, panic, profit, rinse, wash, repeat.
So I would venture to suggest 'bring[ing] this back into peoples heads' is not helpful seeing as it has as far as I can see nothing useful to add to the discussion other than responses illustrating the multitude of reasons why it is so useless when comparing to usd/btc charts.
I have to say that you, judging your response, seem to have at this point a better understanding/ability to critique said charts. I agree with most of that you have to say with regard to the usefulness of the said chart, as I mentioned in one of the prior posts I was simply judging it from a quasi-aesthetic stance. Seeing similar patterns etc. I have to say if everyone put as much thought into stuff they post onto here as you did then this would be infinitely more educating than it is at times.
...
Looking at these charts trying to predict the future is wasted energy. You could as well open a fortune cookie to see what the price is going to do.
Looking at these charts trying to predict the future is wasted energy. You could as well open a fortune cookie to see what the price is going to do.
I couldnt agree with you more, but as humans we are trained to see patterns in (all) things. This is the speculation thread though so if we are gonna be using fortune cookies anywhere then no better place than here. But to reiterate you are right it is somewhat useless, which also lead to me not directly giving a definitive answer in relation to the 'where are we now on there' question.
My reason is that this crash was like the crashes of the previous weeks, only bigger cause of mtgox epic lag and being closed for a day. Were (and are)we in a bubble? Dunno, you only know if it is a bubble after it pop. But the price is already increasing, just like the previous crashes. If this was a bubble pop then price should drop, not increase
What if we are still in the bubble? We had some crashes before the last one, wich recovered very fast, but some saw mt.gox lag stopping everything. What if this last crash is like them, just bigger because mt.gox lagged much more and was unavailable for like a day or more? This would mean that crash will recover soon. Price is already increasing.
I suspect we will continue for a short time on the previous exponential trend getting back on track at around $180/$190.
It went parabolic before on around April 7th this will probably happen all over again in the next couple of weeks.
What if we are still in the bubble? We had some crashes before the last one, wich recovered very fast, but some saw mt.gox lag stopping everything. What if this last crash is like them, just bigger because mt.gox lagged much more and was unavailable for like a day or more? This would mean that crash will recover soon. Price is already increasing.
You mean that the bubble froze mid-burst like this (I never tire of looking at that photo)?
If so then what do you think are the reasons its bursting did not continue or is not continuing to accelerate (let alone show signs of recovery) right now?
If you believe it was a bursting bubble then is the assumption it 'should' have burst back to zero? to single figures? to where? And on what basis do you believe this lower figure is a more 'valid' or 'correct' evaluation than the price currently traded?
What if we are still in the bubble? We had some crashes before the last one, wich recovered very fast, but some saw mt.gox lag stopping everything. What if this last crash is like them, just bigger because mt.gox lagged much more and was unavailable for like a day or more? This would mean that crash will recover soon. Price is already increasing.
...
In this market cycle, Where are we now with bitcoins , ....according to you
Well IMO we are either at beartrap or despair, but as others have said this graph can be really applied to many things and its relevance to BTC has to be questioned. The main problem being we haven't been through all of the background phases of the chart i.e investments, public etc. Which if you go by my guess' means that we are at beartrap, but the pattern of the line looks awfully similar to what we have witnessed meaning we could be at despair. Who the fuck knows where we are jumping from 90-100, but if you take either of those predictions then at least the only way is up eh.
You will see this same chart over and over again on different scales. In a way we could very well be at both. It is just the perspective.
Looking at these charts trying to predict the future is wasted energy. You could as well open a fortune cookie to see what the price is going to do.
You should look at the long term and mid-term fundamentals and these are both looking great. The last couple of weeks millions of people heard about Bitcoin for the first time, thousands of them opening trading accounts. According to the MtGox figures there are 19000 people a day opening new accounts bringing in millions of fiat. Sure they are spooked by the events of the last days, but when the price climbs they'll rush to get in again.
In the long term we see tremendous efforts by investors and companies creating a better Bitcoin infrastructure. We all know the potential this technology has and it good to see people are working hard trying to realize this. Bitcoins were priced well above $200 some days ago, they should be priced over $2000, so IMHO I wouldn't waste a second and buy now, as sellers are practically giving them away for free.
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