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ask the magic 8 ball

http://www.ask8ball.net/

http://www.ask8ball.net/assets/images/main/8ball.jpg (http://www.ask8ball.net/)


i asked : should i short all the bitcoins

it says   : Reply hazy, try again

 :-\

@adamstgbit :

Great image of intense capitalistic focus from the Afghani perspective! And curiously, I am on board . . .

I doubt it. All these people drawing cute little lines trying to predict the future. In a few weeks, someone else will draw a new graph claiming there was some pattern to be seen and say "see, I said that!" when it's going up again.

Also, I noticed people in for shorting bitcoin are deliberately spreading negative outlooks to earn money. Unless you are a day-trader constantly watching the market and doing very sophisticated analysis, you are likely in to lose cash in the long run. You also need to be much quicker than if you buy low and sell high. The other way around, your chances are people will use the low prices to buy loads of coins and the price may jump back up much more quickly, while you might have already lost cash.

Shorting is always more risky than going long because you can lose more than just the money you invested. With the money you took to buy bitcoins you can be sure you won't ever lose more than that sum in worst case scenario.

So, I'll save the money used for fortune tellers and use it instead for fortune cookies. At least their predictions come along with some calories.

looking at the current bitcoin.clarkmoody.com d1 chart it shows a rough 4 point dip-rise progression for the last three months. I just can't work out whether the next point in 2-3 days is going to be significantly up, or significantly down - after all that is around most people's payday.

I asked ask8ball.net the above paragraph.

The response was


Roll on Tuesday.

marked

I've found the key to be to say a whole lot of stuff and then remind people of when I happen to have been right.

The analyst’s formula. ;D

The last time someone posted a similar graph we shot right up. (And me, idiot even listened to that  :-[  )

My technical analysis of the last four nanoseconds clearly shows up for 3 or 4 nanoseconds and then hard down for 2 nanoseconds.  After that, I have no idea. 



Disclaimer: This post is out of date.

Me: Will btc/eur rise?
8Ball:Most likely!

 ... dumb me didn´t ask when this will happen!

Has anyone really been far even as decided to use even go want to do look more like?

huh?


interesting what contrarians are you seeing?

What?

Your sentence doesn't make sense.

lol no. i was hoping I'd win waveadict's  "build my site content"

i build this for him ... http://thebitcoinreview.com/site.php?site_id=837 , someone review him so i can win a free 6 months  :D

edit:  I'll be adding a "subscribe button" to this page soon

Actually, it makes perfect sense if one recognizes the parody.  But, to continue the progression:

When?

what dose it all mean?

You're wrong; BUY BUY BUY BUY  ;D

@myself, I will be glad to teach you how to count waves if you subscribe.

From your chart though, the wave count is impossible

honestly i think we are going sideways for a very long time.

5$ wall is bigger then it seams, support under 4.5 is stronger then anyone thinks.

this will hold true for months!

and when it finally breaks, it wont be going down.

Nope.

Has the Bitcoinica gambling gained you any money, net?

take a step back.

look at All Data chart.
ask your self the following questions

why 0.5$
why 5$
why 30$
why 14$
why 2$
why 7$
why 5$

now all that considered, is 5$ the new 0.50$   :P

I certainly hope not! Otherwise, when we dip back below $4 (the old $.10?), everyone will be scrambling for the exits.

I can almost guarantee that the price won't behave in the future like it did during the timespan you represented there.  The days of the kind of gains we saw in 2010, 2011, and early 2012 are over.  

I think bitcoin has proven its resilience for the time being, and I do think the price will go higher than it is now this year, but I doubt very much we'll see sustained prices above $10 in the next year, and I don't think we'll see a billion dollar market cap even in the next four years.

As I've said elsewhere, I think this year the price is going to go up (a summer boom) and then fall again and settle for some time back in the single digits ($6-7).

Your magic 8-ball seems to have switched from "down" to "up".

When is this chart from/to?
Duration of the candles?

Please/Thanks!  :)

Easy yes!
Also, your link doesn't work. Is it this one?
http://www.reuters.com/article/2012/04/17/net-us-usa-drugs-internet-idUSBRE83G01Q20120417

SR may be next!

Descending Triangle (http://www.investopedia.com/terms/d/descendingtriangle.asp)


Oops.

assuming that an ascending/descending triangle pattern is always bearish/bullish will get you into trouble, i promise.

and certainty is a trap, my friend

It's going to end with the price creeping out of the upper trendline, slowing drifting down, and then breaking through the lower trendline.  Just watch.  We're not done with the $4s.

like the recent charts. keep it up.

The answer is very clearly 'yes'.

the real question is...what is he waiting for? does he think he could sell 20K bitcoin in a few days and get an average price of 5.05 pre BTC? MAYBE!

we are moving on up, 5$ is where the tables turn, its been really hard getting over 5$, but that's a good thing.

https://bitcointalk.org/index.php?action=dlattach;attach=6826;type=avatar

no 5$ is the new 1$  ;)

http://bitcoincharts.com/charts/chart.png?width=940.3333339999999&m=mtgoxUSD&SubmitButton=Draw&r=150&i=&c=1&s=2011-01-12&e=2011-04-12&Prev=&Next=&t=S&b=&a1=&m1=10&a2=&m2=25&x=0&i1=&i2=&i3=&i4=&v=1&cv=0&ps=0&l=0&p=0&

$5 very well may be an important resistance/support zone before moving up (like $1 was early last year), but I can almost guarantee that a move away from $5 will not be like last year's move away from $1.  I think a strong break away from $5 might, might, retest the 2012 high.  And maybe, maybe, set a new high for 2012.  But, I'm doubtful of a move to $10, to say nothing of a move beyond $10, this year; and regardless of how high the price goes during the remainder of 2012, well, you know what I think about that.

I don't know.  I'm seeing serious divergence, though.  Could be up or down.

http://i45.tinypic.com/fjzr5k.png

highlighted a few key words their

theirs no reason to think we wont see an other crazy boom in price. in fact i would say a huge boom up and over 32 is inevitable! Due to the self perpetuating nature of bitcoin(it really works!).  It could take 10 years... but its going to happen.. 50$ a bitcoin only means  500 million dollar Market Cap...  its really not that much when you think of the bitcoins global reach, and its utility (its e-gold, no not e-fools-gold, real fucking e-gold)

once you sold out it all at 10$ will you ever buy back if it never goes lower?
http://bitcoincharts.com/charts/chart.png?width=940.3333339999999&m=mtgoxUSD&SubmitButton=Draw&r=90&i=6-hour&c=1&s=2011-04-06&e=2011-05-10&Prev=&Next=&t=S&b=&a1=&m1=10&a2=&m2=25&x=0&i1=&i2=&i3=&i4=&v=1&cv=0&ps=0&l=0&p=0&
or will you part of the 99% that dont use bitcoin   ;)

yes i know, my theory can't be backed up by fancy technical analyst, lol trolling is fun!

10 years is beginning to sound about right to me to sustainably make it up to and over the 2011 high.

Looks like a big crash is coming.

http://i45.tinypic.com/vz9504.png

whats with all these charts without labels

its very clear we are going to move on up to 5.60 slowly, hold for 2 weeks.... a falling knife will appear, but some crazy mofo will catch the falling knife at only 5.50, and then we will see slow decline toward 5$ only to Skyrocket to 8$

DUH!

http://www.youtube.com/watch?feature=endscreen&NR=1&v=alc0gG0u48M

what a retard dummy! -> http://www.youtube.com/watch?v=x22HvYfpVkQ&feature=related

You keep saying 8, u got it. soon