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Title: What the near future looks like for BTC. Post by: FireBTC on January 10, 2014, 04:23:06 AM I have been an BTC trader for about 2 years now. I started with 6 BTC when they were under $100 each. Then I got that up to 10 by selling hi and buying low. I have been watching the trends for some time now and I believe the market is going to drop back to the $500s pretty soon. I was reading this website that explained that BTC is going up because new investors are trying to make a quick buck with their holiday money. Once the price keeps dropping, most new investors are going to dump their BTC. Then in about April or May, the price of BTC will go back up and will peak at around $1100 or so.
I got all my info for this from this site: malware link removed It's a pretty interesting read. My friend showed me it about six months back and everything they have posted has been generally true. Let me know what you guys think about my theory. Title: Re: What the near future looks like for BTC. Post by: rix5 on January 10, 2014, 04:33:16 AM could be right, if mainstream adoption and adoption for e-commerce (overstock, zynga and friends), further developement and/or a stockmaretcrash/financial-crisis-scenario doesn't get in the bear's way ;)
Title: Re: What the near future looks like for BTC. Post by: ning on January 10, 2014, 07:18:10 AM "Who knows what the tide could bring?"
Title: Re: What the near future looks like for BTC. Post by: favelle75 on January 10, 2014, 07:40:53 AM Well, you have a 50% chance of being right, so its not like its some huge bold claim, LOL.
Title: Re: What the near future looks like for BTC. Post by: windjc on January 10, 2014, 07:58:10 AM I have been an BTC trader for about 2 years now. I started with 6 BTC when they were under $100 each. Then I got that up to 10 by selling hi and buying low. I have been watching the trends for some time now and I believe the market is going to drop back to the $500s pretty soon. I was reading this website that explained that BTC is going up because new investors are trying to make a quick buck with their holiday money. Once the price keeps dropping, most new investors are going to dump their BTC. Then in about April or May, the price of BTC will go back up and will peak at around $1100 or so. I got all my info for this from this site: http://btctradingsignals.netau.net/ It's a pretty interesting read. My friend showed me it about six months back and everything they have posted has been generally true. Let me know what you guys think about my theory. Everything they posted has been generally true? I glanced over the 1st 6 posts and saw a lot that didn't become true. Are there calls they made that you find particularly impressive? For instance their prediction post on January 5th 2013 says: I include as usual in this first post of the year a forecast for the 2013, considering actual volatility it will be very hard for BTC/USD to go above 18.7$ before the end of 2013; at the same time bitcoin shouldn’t go under 9.6$ (that correspond also to the recent double bottom). Title: Re: What the near future looks like for BTC. Post by: Wilhelm on January 10, 2014, 08:20:14 AM Quote it will be very hard for BTC/USD to go above 18.7$ before the end of 2013 Only a few dollars off but pretty accurate :P Interpolating that interpretation, $18.7 to $1100 makes their current prediction $64.7k. (it's like interpreting women :P) $64.7k is a bit high but within the realm of possibility :D Title: Re: What the near future looks like for BTC. Post by: T.Stuart on January 10, 2014, 09:09:31 AM I have been an BTC trader for about 2 years now. I started with 6 BTC when they were under $100 each. Then I got that up to 10 by selling hi and buying low. I have been watching the trends for some time now and I believe the market is going to drop back to the $500s pretty soon. I was reading this website that explained that BTC is going up because new investors are trying to make a quick buck with their holiday money. Once the price keeps dropping, most new investors are going to dump their BTC. Then in about April or May, the price of BTC will go back up and will peak at around $1100 or so. I got all my info for this from this site: http://btctradingsignals.netau.net/ It's a pretty interesting read. My friend showed me it about six months back and everything they have posted has been generally true. Let me know what you guys think about my theory. BTC trader for about 2 years already? Why did you only register on this forum yesterday? Just weren't interested in talking until now? Title: Re: What the near future looks like for BTC. Post by: Pteppic on January 10, 2014, 10:22:47 AM The price 2 years ago was under $10 never mind under $100. Which you might have remembered if you were really around then...
Title: Re: What the near future looks like for BTC. Post by: raskul on January 10, 2014, 10:56:42 AM with such a volatile stock, there will always be desperado's who shout FIRE!
if you are frightened, sell, because you are in the wrong game. interesting post tho. Title: Re: What the near future looks like for BTC. Post by: hyphymikey on January 10, 2014, 11:18:03 AM You bought in 2 years ago under 100 eh?
I don't believe a single word OP says, besides the seeing $500 soon part. ;) Title: Re: What the near future looks like for BTC. Post by: empoweoqwj on January 10, 2014, 11:28:56 AM You bought in 2 years ago under 100 eh? I don't believe a single word OP says, besides the seeing $500 soon part. ;) yeah, lol, the OP is not speaking much truth. I bought in under 100 8 months ago :) Title: Re: What the near future looks like for BTC. Post by: segeln on January 10, 2014, 11:50:59 AM that BTC is going up because new investors are trying to make a quick buck with their holiday money. Once the price keeps dropping, most new investors are going to dump their BTC. Real Investors don`t sell since they are longterm interestedOnly Joe average does Title: Re: What the near future looks like for BTC. Post by: empoweoqwj on January 10, 2014, 11:55:33 AM that BTC is going up because new investors are trying to make a quick buck with their holiday money. Once the price keeps dropping, most new investors are going to dump their BTC. Real Investors don`t sell since they are longterm interestedOnly Joe average does Traders buy and sell all the time, both professional ones, and "joe lunch-bucket" types :) Dedicated professional traders can make a killing in a market as volatile as bitcoin. Don't dismiss this option. "Sit and hold" isn't the only option. Title: Re: What the near future looks like for BTC. Post by: jamesc760 on January 10, 2014, 12:07:01 PM that BTC is going up because new investors are trying to make a quick buck with their holiday money. Once the price keeps dropping, most new investors are going to dump their BTC. Real Investors don`t sell since they are longterm interestedOnly Joe average does Traders buy and sell all the time, both professional ones, and "joe lunch-bucket" types :) Dedicated professional traders can make a killing in a market as volatile as bitcoin. Don't dismiss this option. "Sit and hold" isn't the only option. Investors invest and traders trade, no? Title: Re: What the near future looks like for BTC. Post by: empoweoqwj on January 10, 2014, 12:10:47 PM that BTC is going up because new investors are trying to make a quick buck with their holiday money. Once the price keeps dropping, most new investors are going to dump their BTC. Real Investors don`t sell since they are longterm interestedOnly Joe average does Traders buy and sell all the time, both professional ones, and "joe lunch-bucket" types :) Dedicated professional traders can make a killing in a market as volatile as bitcoin. Don't dismiss this option. "Sit and hold" isn't the only option. Investors invest and traders trade, no? You can be both an investor and a trader at the same time. For example, I believe in bitcoin long-term, believe it will be worth much more in 5 years than now. So I'm an investor at heart. But when a big sell-off occurs, I don't just sit there. I buy some cheap bitcoin and sell them again when the price gets back to value. So I'm both an investor and trader. Title: Re: What the near future looks like for BTC. Post by: raskul on January 10, 2014, 12:13:32 PM that BTC is going up because new investors are trying to make a quick buck with their holiday money. Once the price keeps dropping, most new investors are going to dump their BTC. Real Investors don`t sell since they are longterm interestedOnly Joe average does Traders buy and sell all the time, both professional ones, and "joe lunch-bucket" types :) Dedicated professional traders can make a killing in a market as volatile as bitcoin. Don't dismiss this option. "Sit and hold" isn't the only option. Investors invest and traders trade, no? You can be both an investor and a trader at the same time. For example, I believe in bitcoin long-term, believe it will be worth much more in 5 years than now. So I'm an investor at heart. But when a big sell-off occurs, I don't just sit there. I buy some cheap bitcoin and sell them again when the price gets back to value. So I'm both an investor and trader. in the immortal words of Mr Punch.. thatsthewaytodoit. ;D Title: Re: What the near future looks like for BTC. Post by: jamesc760 on January 10, 2014, 12:24:38 PM If you really have been trading for 2 years, you should not be too concerned about "near future."
Title: Re: What the near future looks like for BTC. Post by: MatTheCat on January 10, 2014, 12:29:03 PM Why did you only register on this forum yesterday? Just weren't interested in talking until now? I have been buying and spending Bitcoin since early 2011. I have been speculating in Bitcoin since Nov 2013. I registered here in April 2013 Something not right here!? That just doesn't make no sense! What the hell is going on? Title: Re: What the near future looks like for BTC. Post by: Grinderman on January 10, 2014, 12:42:27 PM Title: Re: What the near future looks like for BTC. Post by: raskul on January 10, 2014, 12:43:28 PM i'd say you have that just about spot on. Title: Re: What the near future looks like for BTC. Post by: empoweoqwj on January 10, 2014, 04:47:31 PM Yep, just another dude drawing lines on a graph. You do realize everyone comes up with something different given the same historical data don't you? :) Title: Re: What the near future looks like for BTC. Post by: YoYa on January 10, 2014, 05:07:26 PM WARNING!!!
Quote I got all my info for this from this site: http://btctradingsignals.netau.net/ This is not the original site, and it tries to run Java when you do access it. This is likely a malware attempt. This is the original site: http://btctrading.wordpress.com/ Title: Re: What the near future looks like for BTC. Post by: empoweoqwj on January 10, 2014, 05:10:45 PM WARNING!!! Quote I got all my info for this from this site: http://btctradingsignals.netau.net/ This is not the original site, and it tries to run Java when you do access it. This is likely a malware attempt. This is the original site: http://btctrading.wordpress.com/ Yep, nothing else he said was true, so I'm not surprised if the site is a scam. Thanks for bringing it to people's attention. Avoid all strange links, especially if they want you to run Java!!! Title: Re: What the near future looks like for BTC. Post by: T.Stuart on January 10, 2014, 06:19:11 PM What the near future looks like for BTC... ?
Rosy Title: Re: What the near future looks like for BTC. Post by: Wilhelm on January 10, 2014, 07:11:55 PM Very nice chart I can see this being quite right. It shows the negative and positive possibilities too. It's not logarithmic so that would make it only work very short term. What did you use as your origin point? |
