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Topic: Who was right and who was wrong? (Read 2771 times)

sr. member
Activity: 387
Merit: 250
December 01, 2011, 07:21:06 AM
#25
I predict that bitcoin pricing is irrelevant.


Yet you are posting in the speculate about the price forum. 
... not to mention being completely wrong, as it can't be too low, too high, or too variable. A bitcoin price of $0.001 means no transactions greater than $7,800 would be possible; a price of $150 would mean ~$1 million USD bitcoins would drop on the market every day, swamping it; and any price point that has even 10% variability per hour would not be accepted by vendors.  Besides that, yeah, price is mostly irrelevant. Smiley
legendary
Activity: 1652
Merit: 1127
December 01, 2011, 06:34:08 AM
#24
I predict that bitcoin pricing is irrelevant.


Yet you are posting in the speculate about the price forum. 
legendary
Activity: 1500
Merit: 1021
I advocate the Zeitgeist Movement & Venus Project.
December 01, 2011, 05:21:17 AM
#23
I predict that bitcoin pricing is irrelevant.
hero member
Activity: 630
Merit: 500
December 01, 2011, 03:55:39 AM
#22
No offense taken.  I was just agreeing with you.  People can actually get along on forums! *gasp*
sr. member
Activity: 387
Merit: 250
December 01, 2011, 03:25:45 AM
#21
Phorensic has been wrong so far:

I shorted at 2.75 and then more at 2.80.  I'm sure it will fall back to 2.50, even if momentarily.  The waiting is killing me.  I'm a day trader, not a big slow swing trader dangit.
Yep.  Take my advice with a grain of salt.  I made a ton of positive trades before that...I mean a ton.  Here we are above 3.00 and I took a 12% loss on my shorts to open a long.  I talk, but I am no S3052 type person to guarantee my advice.  I still suck at this IMO.

Sorry, my terse wording seemed a bit harsh, and wasn't meant to be.  I missed the most recent pop and retrenchment, too, selling at $2.94-ish and re-buying at $3, I just didn't post a prediction. Smiley  Now I'm mostly long and thinking I'll hold tight for a while until Gox works out the bugs in the new UI.

Speaking of which... anyone know why it went from $2.88 to $3.09 in the space of an hour, taking out a $15k bidwall with a whole bunch of small buys? Seems to have caught most everyone by surprise.
hero member
Activity: 630
Merit: 500
December 01, 2011, 02:23:29 AM
#20
Phorensic has been wrong so far:

I shorted at 2.75 and then more at 2.80.  I'm sure it will fall back to 2.50, even if momentarily.  The waiting is killing me.  I'm a day trader, not a big slow swing trader dangit.
Yep.  Take my advice with a grain of salt.  I made a ton of positive trades before that...I mean a ton.  Here we are above 3.00 and I took a 12% loss on my shorts to open a long.  I talk, but I am no S3052 type person to guarantee my advice.  I still suck at this IMO.
sr. member
Activity: 387
Merit: 250
November 30, 2011, 10:02:37 PM
#19
Phorensic has been wrong so far:

I shorted at 2.75 and then more at 2.80.  I'm sure it will fall back to 2.50, even if momentarily.  The waiting is killing me.  I'm a day trader, not a big slow swing trader dangit.
legendary
Activity: 1400
Merit: 1005
November 30, 2011, 09:38:17 PM
#18
I think an interesting website would be a no-betting speculation site with points and high score charts.  You can predict prices in the future, but you cannot change those predictions once made.  You get more points for making an earlier prediction that is correct (within a margin of error), but lose points for making an incorrect prediction.  Then, you can chart various users' predictions on a graph, along with the actual bitcoin price to find out which user is correct the most.

It could help give credibility to those speculators who are actually good at predicting future prices, and would be a fun, competitive way of doing it.
sr. member
Activity: 387
Merit: 250
November 30, 2011, 09:25:48 PM
#17
I've been right so far, and I think this is the only prediction dart I've thrown.

My prediction: prices won't drop below $2 or go above $4 this year.

And honestly, I don't think it's possible to accurately call day-by-day market movement.  The big player(s) do what they want, when they want, and the rest of us are playing in the sandbox they own, whether we want to admit it or not.  The exact timing is based on when they're online and feel like moving the market to wherever they want it.

Within the bid & ask walls laid out by the big player(s), I've had good luck predicting hour-by-hour movements.  And of course, week-to-week/month-to-month movement is somewhat predicable, and even big players have to heed these overall trends, lest they buy or sell for significantly less profit than they could otherwise.
sr. member
Activity: 314
Merit: 251
November 30, 2011, 08:33:45 PM
#16
Been right:
I doubt there will be a serious drop. It won't go below 2. If it does so, I will buy tons of them.
hero member
Activity: 560
Merit: 500
November 30, 2011, 07:50:15 PM
#15
I think the middle pile would be more appropriate


(Add)

I see it now - wohoo! LOL
hero member
Activity: 672
Merit: 500
November 30, 2011, 07:49:26 PM
#14
So Dan are you going to change my post from the wrong pile?

sure, but few days to me is 3 or 4, not 14
legendary
Activity: 1792
Merit: 1047
November 30, 2011, 05:47:25 PM
#13
Get them while their HOT! Smiley
hero member
Activity: 560
Merit: 500
November 30, 2011, 05:45:52 PM
#12
So Dan are you going to change my post from the wrong pile?
hero member
Activity: 482
Merit: 500
November 30, 2011, 05:42:13 PM
#11
Yeah, no kidding. My short sell at 2.75 is looking pretty silly right now, but I can wait. The real question is where to put the limit sell in -- $3.25? I don't see us sustaining anything near the $3.00+ mark right now, though my mining rigs would love me to be wrong.
hero member
Activity: 672
Merit: 500
November 30, 2011, 05:40:47 PM
#10
Well I was sure wrong about this spike. Totally didn't see it coming.
legendary
Activity: 2408
Merit: 1009
Legen -wait for it- dary
November 30, 2011, 11:26:01 AM
#9
I was wrong once. I thought I was mistaken.    Tongue

I'd say, anyone who has been doing this for some time, and is not completely broke, MUST be right some of the time.
sr. member
Activity: 364
Merit: 250
[#][#][#]
November 30, 2011, 10:03:55 AM
#8
i was wrong, lost some coins
hero member
Activity: 560
Merit: 500
November 29, 2011, 04:12:25 PM
#7
You have me as being wrong but I wasnt too far off in my statement. It technically has been more than a few days but we are almost at $3. I see that as being somewhat close to my prediction and I did say up to. Either way I disagree with how you classified my statement.
legendary
Activity: 4592
Merit: 1276
November 29, 2011, 03:44:20 PM
#6
While you're searching for past statements, you should find the one I made about 5 days ago where I told everyone that 2.7+ was coming, and to reduce their positions at bitcoinica and/or cover.

Smiley

A bullseye is more impressive when there are not also a lot of darts stuck in the floor and the ceiling.  And warning of 2.7-ish after the hard-core short reamage at 2.5-is was hardly a bullseye either.

I actually doubt that there is a monolithic manipulator, but rather several people with some money and a sense of humor.  Whoever did the 2.5 one probably did a massive favor for a majority of the Bitcoinica shorts I would bet.

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