Bitcoin Forum

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I know you know some shit about some shit, but LOL! Not this rally

(√(1024))*2 = 64

Just saying.

Thanks for posting a mathematical equivalency, what is your point? Why is this in speculation and not off-topic?

2009+5=2014

by god, you heard it here first folks! bitcoin will be $2014 in 5 days!

Fair 'nuff!

Hey, are you stealing my name? Don't listen to this poser, he clearly is trying to imitate me badly!

32^4= 1048576

Billionaire!!!

http://farm9.staticflickr.com/8512/8542531696_00fe778294_o.png

5*2 = 10

I just had to get that off my chest.  Thanks!!!

Quick, have you heard? 1 + 1 = 2

Sup Butter :)

√(-1) = 1i...  But that's probably too "complex" for OP :P

So you saying that bubble will burst at $1024 in two years?

Because it's chodpaba.

You registered in May of 2011 - didn't you read his spread analysis thread?

He stopped because too many people caught on that he was the best - and it screwed up his own trading.

How well does your model handle the current situation of continuously breaking new highs?  Wasn't it based on historical volume at various prices?

You heard it here folks, when Chodpaba quits posting the top is in! :P

 x = y = 32
 -x^2= -xy
 x^2 - y^2 = x^2 - xy
 (x + y)(x - y) = x(x - y)
 x + y = x
32+32 = 32
 64 = 32

So this is a thread for us all to post basic arithmetical calculations is it?

Well I'd tell you what 911 x 2356 is, but I've heard nobody knows.

I know...while taking Calculus 4 I also took Econ 101. I skipped a lot of the Econ classes because "it's just simple arithmetic" right?

Not so much...I think I got a D in Econ 101. Crazy voodoo math.

I later took Accounting for my Master's degree and determined not to make the same mistake I listened to the lecture on credits and debits about 20 times until it finally "clicked". After failing the first few homework/quizzes, after it clicked I finally got it and finished the course with a B.

Yes, if you allow division of zero you can prove almost any mathematical lie.

Nah.

e^(-i*pi) = Armory.  +1

2+2=11

1+1=3
My wife + Me = wife, me, baby ;)

BTC over 300 before year end, even if a big correction happen, wich I doubt !

Yea in base three.

I allow it.

The biggest lie in all of human history is that you can't divide by zero. I do it all the time. It's fun.

And just consider how much safer BTC would be then ;D

Or would it exist at all...  ::)

By the same logic 3 ^ 2 = 9$. Let's hope it won't drop there.

Actually, powers of 2 had some meaning in the digital bitcoin world. 32 = 2^5, 256 = 2^8, so continuing this would mean this rally should top out in the vicinity of 2^11 aka 2048, the next one - 2^14 = 16k.

Price minimums also followed powers of 2, increasing by 2 every year (2011 was 2^0, 2012 was 2^2, 2013 was 2^4), although this trend would probably be broken in 2014 as I don't think we are going anywhere near 64; but bitcoin can surprise.

Obviously not, since I bought my first coins in May 2013, and joined this forum in July 2013.
It's just a matter of increased demand and hoarded supply. And once it pops... an avalanche.

Maybe I misunderstood you, but it looks like volatility is dying down quite a bit. If we manage to go above 1k for at least another week, it would be the most unusual rally in bitcoin history, with a built-in crash and no real correction.

Agreed, irrational exuberance is still not here.   This will not be quite as big a deal as the Internet but much bigger than mp3s, books, moves.  Entire industries will be demolished before our eyes.   So scary and fascinating to watch.

That's good, it shows that you're a reasonable person, and not a lunatic!  ;D

Sorry in advance for the stupid question, but could someone be so kind to explain to me what's the real meaning of this prediction?

While at it take into account that I'm quite dumb.

I've seen you making similar statements in the past. Including the idea that btc won't be a very effective store of wealth for that reason. I'm not completely sure I understand your reasons for this assumption (it's an interesting question though, I thought about starting a thread to discuss this question), but as a purely empirical remark: in the brief history of btc trading, volatility arguably did decrease slightly.

(Note that I'm not drawing too many conclusions from that. Like I said, "brief history")

Anyway, looking at the three most volatile time periods (June 2011, April 2013, November 2013), and the sharp drop of value that followed a correction we get: June 2011 saw an immediate correction to 1/3 of the previous high, then a gradual decline down to ultimately 1/13. Difficult to compare to April and November, where the lowest point was reached much faster: April, down to 1/5, earlier correction in November, down to 1/2.

Staring at peaks and lows isn't that instructive though I believe. Bollinger Band Width is a small step up in sophistication when measuring volatility. According to that metric, 2011 saw the peak in volatility. This year/current rally isn't over yet, of course, so we might break that barrier as well.



[Daily/weekly BBW. Couldn't be arsed to read their documentation, but it looks like it isn't pure BBW, but normalized for price (which is necessary anyway when comparing over such long time frames).]

https://i.imgur.com/Q95Vvgj.png

https://i.imgur.com/wQecbxT.png

thanks chodpaba.

Now I got the general sense of what you mean and I'm even able to correlate to other fallacies of human being, e.g. be biased toward lower term utility maximization rather than long term one (it's all dopamine fault). Still I can't grasp the details a part from the fact you've posted an exponential formula, but I can live with that.  

I LOL'ed,
I thought you were always bang on the money.

Looks like we are about 1024 right now. I just bought a bit, and the price usually goes against me, so I am sorry if we see a sudden crash in the next couple days.

I like the simplicity of the powers of two for the peaks at 32 and 256, but I still think as we move into the future we will eventually see the volatility decrease. That might be several years down the road once all of the worlds savings money has flown from gold into bitcoins.

I find Chodpaba's posts very interesting and he/she is clearly a very intelligent individual highly skilled in their field.

However, I followed this thread https://bitcointalk.org/index.php?topic=269944.540 for many months and it didn't turn out to be very accurate at all.

I guess so but if you follow Codpada's low calls he been pretty accurate.
And if following the buy and hold advice you would be up.

Only sell to help the network grow, that service is well rewarded in the long run.

Here is another random set. (Time and rounding being veriable)
0.008, 0.09, 0.39, 1.09, 29.60, 230.00,