There is an ignore button, you know.
Just connecting the dots. If you don't want to read about it, use your own advice  |
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Edward50 has caught my attention because of the type of topic he posts. This isn't a singular affair, usually you can discern one of his tabloid-esque missives by certain patterns of words and general slant. Because words often speak volumes when quoted from the source, here's a sampling of topics posted by Edward50: "Holy CRAP the manipulator has pulled out!!!!! Freefall seems inevitable" - 08/26/11
"Is bitcoin soon to begin its death drop again? I feel it coming." - 08/25/11
"Looks like the market manipulator is back. But for how long?" - 08/10/11
"Aftermath of Panic" - 08/08/11 Getting deja-vu yet? No? Okay, lets continue, shall we? "I have been warning you tards long enough. When will you learn?" - 08/05/11
"Battle for the Single Digits" - 08/03/11
"Will the unprofitable mining actually hurt Bitcoin price?" - 07/28/11
"Sell into this CNN media hype!" - 07/19/11 The next ones are humorous, because in the face of stability or rising prices - the topic suddenly switches to consternation and confusion: "Looks like the 13.5 bid wall is holding up. But for how long?" - 07/16/11
"Why is the bitcoin price being held from dropping below $14?" - 07/14/11
Couldn't find a supportive topic in the whole shebang, and that was after looking at topics started within the last month or so. However, I did find some posts relating to pursuing mining in early July. So, did someone get burned with a hardware purchase (and soft bitcoin prices) and decided to promote a SELL-only viewpoint from there on in? Who knows. So Edward50, I suppose we should await your next perma-bear posting. I don't see anything else from you on the subject. |
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Oh hey, lookie here:
GC (GoldFutures,ETH): $1,828.40 +31.10 +1.73%
As of 4:54pm EST
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Yeah, CRASHING back to the lows of last week. Hold on, I might need a glass of water to calm down.
You haven't seen anything yet, man. Every time options expiration rolls around, coupled with some margin hikes by the CME, we get some retracement.
Gold is going to hit $2,000 before year end. 'Bubble' my ass.
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Google Sketchup has decent controls and allows you to do dimensioning with real-world units. It will even do architectural-style flythroughs.
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Why should I think $5 is the threshold for whether bitcoin was in a bubble or not? I'm sincerely asking.
Sure, in my post here: https://bitcointalk.org/index.php?topic=26117.0I talk about how bubbles have symmetry, where you take the buildup from the base to their peak, project forward in time and can get an idea of where they end. Based on that, the end of the bitcoin bubble would have to be the end of August, with a price around $5.00, plus or minus a small percentage. Because we are nearing that time, and the price hasn't lapsed to $5, I conclude we are not in a bubble, and things can progress normally. That's it. |
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That is the sweetest uptrend channel chart I've ever seen Also, we're nearing the end of August. As some may know, I posted about the 'bubble' claims being invalidated if we were above $5 by then. We are certainly a good margin above that now. Onward and upward, my friends! |
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Serious investors surely know about most asset classes becoming highly correlated to each other in last few years. Everything moves together (almost).
Bitcoin is principally new asset class which is not highly correlated to anything else. It is a must have in any balanced portfolio.
Once the investing crowd recognises this simple truth, there will be another shark's feeding frenzy.
Completely agree. Much is made about how bitcoin is valued compared to other currencies, but its real strength is its immunity to political or monetary policy pressure. This is one to have in your portfolio, no doubt. Call it "Sovereign Insurance". |
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This is why I calmly bought more at $9.00 - the long term is indeed rosy my friends. Can't let the zig-zags get you (or your core position) down. |
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Given that this market can swing $1.00 - $2.00 dollars in one shot, posting about 0.20 - 0.50 cent moves really doesn't seem that useful.
As of this post, Gox is at $10.86 after nearly hitting $11.00 a short bit ago.
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Chodpaba,
Just wanted to express my thanks for your continued analysis. I enjoy these graphs and projections. I don't have much to share myself, the model I was working on hasn't been of much use lately.
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I'm sure the people in the "Speculation" forum would love to discuss this. Perhaps the thread should be moved.
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I agree on the slow-and-steady pattern. What will ultimately get things going is more market depth, and then the final transition where you can actually live on bitcoins. But that is quite a ways off. Can't wait, myself.
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I wouldn't mind a gradual increase of $1/week in the price. Keeps things running smoothly. The difficulty drop may be the harbinger of future price increases - based on the last time that happened.
Watching the charts...
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It would be interesting also to see if Valve would accept bitcoin on their Steam platform. That would be quite a feat.
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The original poster is correct, an inverted head-and-shoulders pattern gives a price target based on the largest peak distance to the 'neckline'. Which in this case looks loosely to be somewhere around the $15.00+ area.
Guess we'll see...
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I always wondered how conspiracy theories got started. Now I get to witness one firsthand.
"THE INVESTOR"
Oh my, really? I know the market is thin, but 'comon man. Oh well, back to the swirling maelstrom of investment conspiracies.
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i don't think you could make parts accurate enough with a 3d printer, and i am not sure it would be big enough either.
it would require accuracies in the scale of µm. however i am not completely familiar with current 3d printing technology so this may very well be possible.
but id guess you would make a cast mold of the parts and pour in the molten metal and go over it with sand paper and buffer it to a shine. cover moving parts that make heat with graphite.
because of this, really you could just buy the molds online and cast them yourself, or 2 people, each with either a printer or casting ability can make parts on demand.
however i think 3d printers put out plastic, so you would need to make positives, cover in something else, them make another negative from the positive out of a material that will not melt or burn.
Quite right, the printed parts would be used to make mold impressions for further casting/refining. But it could provide enough resolution so you would be able to make a custom design for very little. I don't think the makerbot-type of 3D printers have the ability, but there are some services that could at least supply you with the mold 'masters' that you could then use to build the assemblies. (Perhaps a service like shapeways, etc..) Like the solar-powered concept, be interesting to see what you come up with if you decide to pursue prototyping. |
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AnnihilaT,
I understand your reluctance to name specific strategies, but you've completely answered my question. Seems you have the ducks in a row, good to see.
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