MOAR specifically https://archive.org/donate/bitcoin.php

If anyone is going to donate I really hope it's in bitcoin. Any way of improving the perception of BTc as a legitimate means of wealth transfer (As opposed to speculative vehicle) has got to be good!

I see this indicator is far too advanced for the speculation sub forum! hehe

I think TA has some merit, its just *my* TA that likely doesn't

Ahh Zedicus! You are back, and with an entirely different posting manner? Did you start or stop the meds

So last time we spoke you were going crazy about market manipulation, buying selling etc I'm fascinated  to know what you did in the interim. You seemed very agitated at the time. See I had a spreadsheet very similar to the one above all the way back then, and then some, and I'd been following it. So when the bottom dropped out the market All I had to do was wait, and do nothing, without fear. I think at the time that was referred to as 'being chicken'
 
So now here we are back at the ATH and back on schedule... my next sell order is in at $311. I kind of suspected we would come back, but the measured selling prior to the crash meant that neither could I be too upset if we didn't. What made me chuckle at the time was the fervour with which you pursued the idea that the correction was a grand conspiracy theory. Now I guess you have had chance to reflect - and given your much calmer posting manner - id be interested to hear your take on things.

Not hating, I respect your passion. I just felt that, having been through the run up from 1 to 32 and back down again, you were a little misguided with the whole conspiracy thing. If anything I think the recent correction was pretty tame compared to last time. Maybe its a head an shoulders forming eh, and we still have to go back and re-test $32.

Now wouldn't that be a thing!

DONT CROSS THE STREAMS!

I'm not averse to drawing lines on things, so in order to answer the question on everyone's lips, which is when is the current run up going to correct, I thought I'd try something new...



The first run up to ~$32 gives us two price points, the point where the run up started and the high point at which the correction came. This allows us to draw a line (A).

The second time this happened was in the run up to $266, again the point where steady growth started to run away, and the correction point describe another line (B).

The intersection of these two lines, becomes the origin (Origin), from which it is possible to project knew lines, when a new run up commences - such as seems to be beginning now, here I have projected from the origin to the start of the run up a few days ago (C)

The next part of the projection comes from the high points themselves, these describe a further gradient (D), which intersects the projected run up lines. Where it intersects the current run up projection the indicator shows both the target price point (E) and date (F) at which the correction will occur.

As you can see the latest run up is probably only going to run for another fortnight before it corrects just before the end of november, slightly over the $500 mark.

Extrapolating in this fashion its clear to see that as time goes on this method handily projects the run up trajectory and correction points during this manic growth phase of bitcoin. Of course once we hit mass market adoption this becomes redundant. During this growth phase though it is sound. As time goes on the shallower rate of increase, and the duration/correction point being proportional to the length of time between run-ups, but also becoming less 'euphoric bubble' and more a tendency towards stable growth, with the most important thing being to note about the method being, that if you believe this crap, then you are crackpot insane.

Yeah, after about a month they eventually gave way to 10% a day gains

4 figures in b4 next correction

Thats the point of the chart bubba. Big move up now ends up looking like flat line in grand scheme of things. x

Retarded in all areas. 

cheers!

Good Luck to All. Though to be honest, if its gone to $1000 I think everybody is winning

http://blockchain.info/tx-index/5a0d5291b43bd817763b548dbc0474e7c3f8141147df03e506fe993871cc1919

1st to 31st July 2014

There is far too much posting and not enough reading around here...

I think its on the *balance sheet* alright. The only saving grace is that its not due right now (or perhaps ever...)

aw shucks thx

To be fair. Agree with your point that the crazy money might not be there. Hindsight is a sonofabitch. I could easily be sat on 1000+ BTC right now if my balls had been bigger

The most relevant discussion point (imho) is how many people actually know about BTC. I think maybe lots know(say 10%?), but only a small (maybe 10%?) percentage of those that know have done anything about it. (Assuming we are talking about developed countries here which is about 1bn people). So maybe 1% ? Which I think is still a fairly goo place to be in terms of early adoptership?

I rekcon there is plenty of scope for *many* more people to find out, and for *many many* more to take action. All of which pumps adoption, which has to have upward pressure on price.

To me the only big risk left is supercession. To hedge against that I got a few bits and pieces in other alt coins, and I continue to skim a small percentage off the top for every big leg up in BTC/USD price. I'm just trying to pay myself enough to take the sting away if it all goes to zero, from whatever pricee it was at. I can tell you I have spent many hours playing with spreadsheets and charts trying to settle on what strategy to take. One things for sure, your strategy should definitely not be to take it as it comes. I have my sell orders planned right up to $1m per BTC. Maybe I'll tweak them over time. The key thing is to try to make sure you never sell because you 'think' anything

To everyone not on BTC the big risk to them is that it goes supernova. I loved Talebs work on black swans and antifragilty. To that end I think anyone that hasn't insured themselves against the possibility of a BTC supernova, is effectively exposing them to the huge risk that they could wake up one day and find their world turned upside down.

I would say be sure about what one can lose, but make sure one always leaves open the chance of unlimited gains.

The exchanges.