That is just mentioning the Winklevoss at the top of their list, but none of the other ones are attributed to Bitcoins.
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Loozik I think that is the most irrational chart I've seen on this form yet.
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So let me get this straight: Your distinction of a scam coin is if they are over a certain market cap or not?
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The only true path is up.
-Ancient Chinese Candle
Yet you are upside down
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Where do I find the latest BFL Drama in a nice concentrated bundle?
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Why on earth is there no option beyond deludedly fine-grained points in 2013 and "never"? My guess is 2014-2016.
Hint, it's on purpose. OP might as well put out a sign. No Bears allowed!
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Wait till the bubble deflates!! buyer beware!
the bubble has just started it'll start deflating when it hits $20,000/coin You make me wanna throw up.
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... Yeah this pretty much sums it up.
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It's called false breakout. It seems the bears got what the bulls where so desperately hoping for 2 weeks ago.
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SO why exactly is scaling time 2.5/3 to 1 'right' and all other ways 'wrong'? Because sometimes it fits the chart better?
Yes because it fits the chart better. Duh? You are free to post any other comparison you can come up with. I haven't found another one that fits, perhaps you have more luck. Why get people so concerned with this? For all I care it's a coincidence and the price can break the correlation any time.
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Your 2011 chart begins on May 24, 2011 when the price was at $7. The 2011 bull market began on April 11, 2011 when the price was around 70 cents. Therefore your 2011 chart is missing the initial 10x increase in price. Try again.
Pay attention to the comments As it seems there are different timescale ratios for the bull and bear markets each 2011/2013 respectively. I looked for correlations in the bear market not in the bull market, which was done above. I honestly invested more time into this than I should anyway, so if you like you can take my hints and run with it. (Alas do it yourself if you like to)
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Yea but we do not match two years to just find out if they match but if they match to be able to predict what is next this year. So key in the chart is how 2011 evolved in the following weeks.
I recommend you don't fall for the trap of trying to predict the future based on correlation and intuition. For that you would need more sophisticated methods, like statistics which can provide you with a margin of error you can expect. Because if you leave out this step you can easily catch a bad trade. Intuitively one might think it's a good time to sell, but the case being is that the correlation might end at this point. Only if you have a system to estimate a risk of that happening you can expect a profit, otherwise it just remains gambling, strategic gambling but never the less gambling.
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ElectricMucus why you don't show us the rest of the chart for 2011?
Because I just used a transparent layer in gimp and didn't want to mess with something else. So because I'm lazy. There isn't much to match it against anyhow since that hasn't happened yet.
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It's not me bringing that up though. Anyway, here is yet another version, this time log scale and directly laying them on top of each other. The basic elements are all at the same ratios, I don't know if it is possible to improve upon this, it might be that there is a different timescale ratio bear/vs bull market. My first version was matched against the bull market correlation this time I looked for the bear market correlation. I'm now waiting for some EW Guy to enlighten us.
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Again the timescales are different. This is a scaling of 2.5 Tweaking it to match the mid bear-market crunch 11/13 would result in a even more impressive match.
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Nice! But, it will not work. This is 100% real. If you have heard about it, please mention something here. If not, piss off!
You know what? You piss off, I'm sick of people making up "rumors", proof or get the fuck out.
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It's called selective perception. TA should not be influenced by what you want to happen.
Doesn't all TA fit under this description? Well it's a qualitative property if it isn't influenced by emotion. There are other qualitative properties but this one is fairly important. And completely discarding emotion isn't something human beings can do, that's why I think automated rule based systems are best.
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I like how the price is always break upside in Abandons charts. I'll try to post bearish charts in the future. Usually I'm not as thrilled by them. It's called selective perception. TA should not be influenced by what you want to happen. I draw bearish charts for myself, but I haven't usually shared them here on this forum. lol
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I like how the price is always break upside in Abandons charts. I'll try to post bearish charts in the future. Usually I'm not as thrilled by them. It's called selective perception. TA should not be influenced by what you want to happen.
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