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Topic: What do you base your speculation on? - page 2. (Read 2807 times)

legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
September 09, 2012, 04:11:08 PM
#10
i take in all the  News, current scandals, BS Maths and statistics some poeple post here. and formulate a hunch!

oh and my hunch is that 10$ is the new 5

my fear is the 15 is the new 32  Tongue

My fears are slowly going away

They can both be true...
legendary
Activity: 1904
Merit: 1038
Trusted Bitcoiner
September 09, 2012, 03:34:03 PM
#9
i take in all the  News, current scandals, BS Maths and statistics some poeple post here. and formulate a hunch!

oh and my hunch is that 10$ is the new 5

my fear is the 15 is the new 32  Tongue

My fears are slowly going away
hero member
Activity: 1652
Merit: 569
Catalog Websites
September 09, 2012, 03:14:17 PM
#8
my crystal ball helps a lot
legendary
Activity: 1372
Merit: 1000
--------------->¿?
September 09, 2012, 10:53:24 AM
#7
I'm basing on humans behaviors confronted to different scales of events.
hero member
Activity: 815
Merit: 1002
September 09, 2012, 08:35:49 AM
#6
Daytrading is just gambling imo.

I'm long Bitcoin because logically it makes sense to me as a monetary system in a world with a very broken monetary system.

Short term people can be irrational, but over 10-20 years logic always wins. Consumerism, inflating fiat and bailouts never made any sense.
legendary
Activity: 1036
Merit: 1002
September 09, 2012, 07:34:00 AM
#5
First and foremost, maths and statistics. But the interesting question is what to apply them on.

I believe it's best to first apply them to myself: figure out how good my own predictions are, and make sure I'm ready to face my own mistakes. No point in getting cornered for maximum short-term profit. For the actual predictions, I use a combination of simplified models, psychological ideas, and historic comparisons, all fed by whatever indicators I can get a hold of: news, forum stats, various forms of trading volume, ...

The difficult part for me is calibrating a model after I have some rough idea. What's the scale, growth, sentiment of Bitcoin? And I have to cope with horribly foggy indicators. I'm not really versed in history, so I have to look for past events that hold similarities. This can be within Bitcoin for short-term things, or old stuff like the DJIA around 1930 to understand what happened in the big 2011 Bitcoin bubble.

Don't take this too seriously, I'm still a noob. I'm not even done "calibrating" myself, don't know how many mistakes I do on average. So this post could be one. Tongue
sr. member
Activity: 434
Merit: 251
September 09, 2012, 06:29:13 AM
#4
My secret method : Bitcoin is awesome -> price will go up.
Know what ? It works  Grin

You wouldn't make a very good day trader I think Smiley

I agree. I've never been convinced by the risk/rewards of daytrading anyway. Especially daytrading bitcoin.
Just too small of a market, too unpredictable imo.
Would be really curious to see the books of people doing it (for at least months).
hero member
Activity: 740
Merit: 500
Hello world!
September 09, 2012, 06:18:12 AM
#3
My secret method : Bitcoin is awesome -> price will go up.
Know what ? It works  Grin

You wouldn't make a very good day trader I think Smiley
sr. member
Activity: 434
Merit: 251
September 09, 2012, 05:54:04 AM
#2
My secret method : Bitcoin is awesome -> price will go up.
Know what ? It works  Grin
hero member
Activity: 740
Merit: 500
Hello world!
September 09, 2012, 05:44:13 AM
#1
As the subject reads: What do you base your speculations and prediction on the Bitcoin prize on?

Is it a hunch? News? current scandals? Maths and statistics?
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