Bitcoin Forum

Sure, "China made the bubble" does have a valid point. I'm not debating or questioning that. I don't care. I care about Logic patterns.


Can someone solve this for me?? Please, I don't understand..


https://encrypted-tbn1.gstatic.com/images?q=tbn:ANd9GcSWARBDPoFBzeXdJ-uPZO7mzu_QDm2cMTcpsNfrlNnE38Eqahjc




And then, while Your brain is turned on, please use that all-powerful Computing Power of Your brain to predict this one aswell:


https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcQoKzzpzgAfq3FjHIRjFtNo6yt6RztSvrZbRyVSCPdNSI5fgrP5


Personally, I make 2 conclusions:

Price will not og lower than now. Maybe alittle, but not much.

Anyone that wants to be Rich has to buy within 1-90 days.

How rich are we talking about buddy?

 If you want to buy great but you shouldn't tell others to buy without any in depth analysis.

The trouble with Bitcoin is that it's growing at a logarithmic rate.

This makes it hard to "see" the trend.

Log scale helps alot:

http://www.game4coins.com/btc/ta_log.png

moonshot

It will be 9 ? Well I'm not sure.

Also making decision based only on graph...

https://ip.bitcointalk.org/?u=https%3A%2F%2Fwww.tradingview.com%2Fi%2FeZweFhJC%2F&t=538&c=nkNRFuib8QK82w

Add this Picture to the Whole.



End of discussion. 1-90 days.

The thing is: The graph is based on reality, not fiction.

the answer is 9

I love that log chart!

The thing is: The graph is based on the past, not the future.

Extrapolating is always dangerous. It works till it doesn't.

I also expect that we're probably shooting up by a factor of 5-10 in a few months...

But it isn't a given.

The thing is: You don't know shit buddy.

This.

Technical analysis uses a lot of selective sampling and selective selection of analysis strategy. For example: What exactly is the justification to choose a logarithmic scale? Just because this is the only scale where you can draw a trendline?

That's not proper science, it's manipulative selection of methods (and timeframe) until you get the results you want to get.

Selective sampling and selective selection? Wtf have you been smoking bro? Give me some of that sht!

What is "selective" on the graphs? There's an X and a Y axis, time and market value. That's it, nothing taken away and nothing added.

Justification to chose a logarithmic scale? Well you answered that yourself didnt you: You can Draw a trendline, see the trend of the curve and make a prediction.

It ain't proper science? Ofcourse not. The sentence following that is fkn stupid though. "Manipulative selection of Methods until a wanted result is given." Erm... No?

 You are free to make a graph on Your own proving me it's possible to stick to facts, as theese graphs do,  and get a different result.

Yep, it is 9.

If in doubt, it is 42...

...always

Your second question cannot be answered, because it involves time, which may or may not be (pre-)determined.

Even if it would be determined: I personally never met a person, that was able to predict future events.


I would prefer to wait 90 days.

I was not a huge believer in BTC at first. 

I suppose I should feel a bit concerned that it has dropped as much. 

I don't. 

I'm currently buying.  The US has a defacto legalization of bitcoin.  China and other less free countries are banning it due to its power.  This to me shows that it is legitimate.  I'm dipping my toes in the water.  Ever so slightly.

I don't think a person buying only 1BTC is ever going to become rich off of it, whether they buy it now or in 3 months. You'd have to buy a decent amount of coins now to potentially become wealthy from it, and there is a lot of risk as we're still in an experimental stage. The days of putting a few hundred bucks into BTC and becoming rich are over.

Even as a permabull I find this post stupid, because you're saying that exponential growth can continue forever.

I don't think anyone makes that claim.  Merely that it can continue for quite a while longer. 

The answer is 3. There's an alternating pattern along these lines:

http://i222.photobucket.com/albums/dd21/shadyparadox/pattern_zps12a4a7fe.png

 :D


To anyone who doubt 1 btc will make you Rich: Maybe.

Id say the next rise is 100% certain. Then there COULD be 5-10 more. But this all Depends on the world government aka Federal Reserve. To be honest, I don't think Max Keisers 40,000$/Bitcoin is that crazy. Though, it doesn't have to say anything about Bitcoins value going up but could be the dollar going down so in that sense its more or less an undeniable fact that Bitcoin will be 40,000$

3 scenarios:

1: current monetary system keeps rolling and Bitcoin "Stays" on the same value. This will , sooner or later, make 1 btc Worth 40,000$.

2: Current system does not keep rolling and we have a hyperinflation of the dollar in 0.5-5 years. Hyperinflation = Scenario 1 but a lot faster

3: Bitcoin is not hindered by government and it can naturally evolve into its full potential. Then we will have Bitcoin at 40,000$ OF THE CURRENT USD VALUE With a 110% certainty.



Yet one must remember: Shit happens and in 10 years we all might be a bunch of broken n poor dreamers who remember what could have happened if only all humanity would know what we knew those 10 years ago. And the few of us who still fights on and tries to revive it are being hunted down by government ninja assassins. Cyborg, artificial intelligence controlled, ninja assassins. 

https://i.imgur.com/zvAy8Mu.png

idiots...

Great!

Now we can compare a Manipulated Point of View Versus a Non-manipulated

That will make us much wiser, thank you my good sir.


Why not zoom in on the last 7 days and we can make a logic-based prediciton from that? Whoever says it will rise defies both gravity and Logic.

How do you define who is manipulated and who is not?

I'm guessing he is implying that a logarithmic scale is a manipulation of the data. Possibly this is due to him not understanding what a log scale is and how it should always be used when analyzing functions that contain logarithmic components (as Bitcoin does).

The truth of the matter is that the chart with the smallest time scale has been manipulated more, it having been cropped the most aggressively in the time axis.

when considering the price of Bitcoin in $USD:

Yes there is a scenario where "exponential growth can continue forever", for this we must define "forever" as being the whole span of the function in question which is reasonable considering the length of forever.

If the dollar enters an accelerating inflation rate leading to hyper-inflation and then destruction...

Then the function $/BTC might completeley follow a log trend that would come to an end when the dollar did.

I'm not stating that this is a certainty, just a possibility.

EDIT: If the dollars inflation rate remains "stable" and Bitcoin adoption continues its growth then the log chart of $/BTC will probably start to curve, the rise getting less steep as it approaches an aymptote of market balance/saturation. The linear chart being similar to a sigmoidal function:
http://www.originlab.com/ftp/forum_and_kbase/Images/sigmoid-curve.jpg

https://lh3.ggpht.com/-8iEr1yB8kAg/UR_uP_GzFTI/AAAAAAAAAws/J-fl_ypqsTc/s1600/Historical+adoption+curves.gif
Pick which technologies Bitcoin most closely resembles.

I´ll have to buy some Interwebs, quick, leverage long, that chart looks bullish!

Too early to tell for certain.
Bitcoin might take a long time to go mainstream, if ever.
On average, "everything" spreads fast these days, so there is a case to be optimistic.

Wow, it certainly does!

If we agree that it cannot continue forever (even though the previous patterns may imply that it will), then we agree that there are factors to consider other than only past patterns, and we also then agree that it is not as simple as seeing the pattern in his little puzzle.

Therefore, post=stupid

I realized why I don't like this "chart" it is very misleading. Y axis is labeled in such a way to make it look like that. If labeled properly it doesn't look a thing like that.

"Statistics don't lie, but liars use statistics" Comes to mind.

Douche.

its called a log scale

And it's inaccurate for this. You can't just apply something and say it is this when it isn't.

And this post is almost equally as bad, which is sad because I usually respect the posts coming from TERA

But why do you simply post ONE indicator and say "idiots..." without any explanation


What if I did this
https://i.imgur.com/MMzjVhB.png

TERA IS IDIOT

Am I good at this now?

God this forum is an awful place during stable periods.

Usually a period is a month buddy. Stable months? lol ok.

I realize why you don't like this chart too:

Because you're not familiar with a logarithmic scale.

And for the record: I have never been used to cleanse vaginas of unwanted sperm. I was offered the job once, the pay was reasonable  but when I turned up it was your momma, legs akimbo, I just couldn't face the massive amount of work it entailed. :-*

Apply directly to burn

http://img.webmd.com/dtmcms/live/webmd/consumer_assets/site_images/articles/health_tools/bandaging_from_head_to_toe_slideshow/getty_rm_photo_of_cold_water_on_burnt_hand.jpg

How is the puzzle related to BTC?
Was the correct answer 9, or the "other pattern'?

In both cases it will be 9.

Case 1
1+2=3
2+4=6
3+6=9

Case 2
1
2>4>2
3>6>9>6>3

https://i.imgur.com/fccas5x.jpg?1

If you notice, if you mirror the boxes across the green "line" the numbers are all the same. Meaning that 1 is a possible answer as well.

soooo....

Case 1 = 9
1+2=3
2+4=6
3+6=9

Case 2 = 3
1
2>4>2
3>6>3>6>3

Case 3 = 1

2<>2
3<>3
4
6<>6
1<>1

So that means that only 4/7 are unaccounted for. Can anyone come up with reasons for why those numbers would be valid as well?

Chewbacca is from Endor.

This makes no sense.

You geniouses just pushed me to believe the only answer is 5.

Why? It is the missing number, ofcourse.



OR 8!!! And 8 is magical.



It's 8.

This. I mean if you take that trendline, everybody knows it will not go one forever. If the price increased by the factor of 5 every 6 month, does this mean the price will be 3 800 000 000 000 000 $ inb 10 years? Everyone knows that that is no true. Impossible. So this trendline has to be false in some time in the future. Maybe now. Maybe another 5 cylcles? We don't know.

Definately not this.

Log scale is used not to trick the eye but to make it possible for the eye to even see it. BTC have gone up too much so if you're gonna make a graph showing all the rises in detail you have to make the Picture as big and high as a 3-story building. To use 1-10 instead of 1-2 is just this - a means of showing what's happening without printing the Picture on a 10x10m wall.

But Yeah, ofcourse, it will be wrong sometime in the future. Nobody is arguing that.

Obviously you do not fully understand the argument: If you can apply arbitrarily chosen methods to arbitrarily chosen subsets of data on an arbitrary scale, you can manipulate your "analysis" to yield any result you want to have. Therefore such an analysis is also arbitrary and has no predictive value.

Please reduce your use of insulting language.

TAKE A LOOK AGAIN! You see how the curve, after last rise/fall, goes Down just like it has done this day? Come on People, its all about Logic patterns.. Both the chinese and jews are extremely religious(Chinese believing in astrology and they both follow prophecies) and all about sticking to theese Logic patterns, aligning stars etc.

Im litterally laughing my ass off, at all you weak-hearted peeps out there :) Well gl to all

The value of a log scale is debatable.
There is no doubt that you should know what one is prior to rudely insulting g4c the way you did.

+1

+1

+1

The answer is 9.

1+2=3
2+4=6
3+6=9

Also, of course you should use a log chart to view something that has been demonstrably growing logarithmically.  Sheesh!  Seriously, people?  We even have to have this argument?

Log scale charts always appear in a way to make people feel better about their investments, a way to pretend that there is no value loss.

http://rt.com/op-edge/west-russia-sanctions-economic-destruction-436/

Not much time left now.. US pressing Russia into war With sanctions due to this very fact that their economy is about to go pop.

What??

I'm saying everything speaks for a bitcoin rise within the next weeks. Bitcoin Charts and history alone, stockmarket and economy , politics, geo-politics, energy market and so on and so on..

"always"... well give some examples of where log charts have been used to calm people in the past, or even just just one example?

Ask anyone who bought bitcoins below $1 if they've had value loss.

A log chart allows one to see macro structure and detail in data sets that simply cannot be seen on a linear scale.

Not all securities are suitable for log scales, bitcoin is because it is logarithmically exponentially growing.

i thought logarithmic scales were for exponential growth

Yes, my bad.

It's exponentially growing.

Or 1/log growing.