loving the volatility as anything else seems unhealthy in Bitcoin markets! Still waiting for that dip to the 3s to buuuuuyyyyyy!!!
It seems very likely that you are gonna be waiting for a while, and such dip into the 3s may NOT happen... buen suerte |
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Stop going back up, I want cheaper coins.
$10 sucky sucky economist coins? EDIT: hmm... how about suckycoin? Fixed rate of $10  Sometimes, it seems that the chance for the cheap coin comes, and guys may NOT recognize the buy opportunity.. and before you know it, the opportunity IS GONE.... still pretty cheap coins, CURRENTLY at $500, but it was even better at $465... I bought at $485, and I feel pretty good about that.. even though I could have gotten them a little cheaper....and MAYBE just MAYBE the opportunity will come again within the next 24 hours... I think my next buy point will be around $460-ish... depending upon how long it takes to get there.... and if we do get there. |
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Don't waste your energy on telling me that I'm cruel, I know already that I can be cruel.
Fair enough. However, I believe that NOT only was I saying that you were cruel, I was also suggesting that there is a certain amount of lack of foundation to your criticisms. You are criticizing something for the sake of criticizing, but you do NOT have anything meaningful to offer as a substitute. And, even your criticism of the contribution is exaggerated to such an extent that the criticism loses its persuasiveness. Try to use your energy on thinking about the fact that we are on a slow long downtrend, that is hurting most of the people involved with bitcoin, and there is a reason for all of this happening.
You are lacking specifics here in terms of the time line that you are talking about. Are you saying that we are going to zero or $300 or what? And, then are we moving back up? Ok. you are a bear who is NOT invested in BTC, but you want to save us investors from BTC. I think that there is enough information out there that we do NOT necessarily need someone coming to the thread and just criticising and saying sell, sell, sell. That is NOT really helpful. Anyhow, I do NOT have any problems with posters believing that BTC price is bearish.. as long as they can back it up with particulars and reasons.. most of the time, the back up is bullshit... just like you see in the mainstream press.. lack of foundation... some truth, but mostly inaccurate. So if you are making some prediction about a downward trend, you need to be more specific. I generally see upward, if I look from 2011 to present. Went from less than a $1 per BTC to $500-ish per BTC.... that seems upward to me, in a very short period of time... less than 4 years. |
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Its 2 AM. I got my popcorn with me, but I must say, I am experiencing a certain level of fear.
Sadly, I can't buy moar, my fiat is running out.
Same here.... that's what I keep saying when guys say that they would buy a shitload of BTC if the price went to $100 per BTC... the problem is I would NOT have any money left by the time it got that low. That's why it is good to day trade during downtrends. If you catch some bounces, you have similar amount of the money all the way down. I manage to do that so far since ATH and actually gained 300-400% but lot of that were some very profitable non btc vs usd trades though. So far I have NOT been good enough at predicting direction... so sometimes I think we are gonna stay in a range for a while, and I get left in the dust.. accordingly, I have been erring on the side of HODL. |
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oh cool we bounced of the 1 day 300 ema  whatdya know.. I need to get fiat to exchange.. people are getting fleeced out of their coins...well in my opinion they are.. for the first time in a long time buying can lower my avg buy in price I think I shall ... mind you I know that I won't be able to cause I got no fiat in the exchange and the chart shows these lows usually = big investors snapping up a huge amount when the volume allows it. The volume does seem to be up, and sometimes one wonders if the volume is attributed to bots buying and selling with one another.... eh heh he. Here, it seems that some real people have gotten into the volatility game. |
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I sound like this because I have been telling all of this since January, but nobody listened and they called me names  I want to play bitcoin, but the other boys are breaking the game because they don't know how to play  Please, tell them that causing slow downtrends isn't how it's done :''( WTF? Are you even invested in BTC? If so, what's your strategy, just play it by ear and get pissed off at charts? I keep saying who cares about charts, unless you rely on something that you do NOT understand. If someone else is relying on something that is less accurate than your method, then more power to you, no? Of course I'm not invested in BTC. I held BTC more then 24h last time during December 2013. To me, it's madness or stupidity, to be holding coins with this market. My point is that these graphs that are presented are fugazi. They are presented by people who are either incompetent or their goal is to spread false information. This in turn is creating an ugly market and I really wanted for BTC to be pretty. You lose quite a bit of credibility by NOT being invested in BTC and then to be making suggestions concerning which investment tools a guy should use or NOT use. I have found that generally the posters providing graphs are putting in a certain level of skin to make their points and projections about the direction of BTC. Yes, on an anonymous forum, we need to take all information with a grain of salt, and I will take your information with even more grains of salt, once I get to know more about your philosophy regarding BTC - and it does NOT match with mine. I have been investing and I have quite a bit in the BTC game. That fact does NOT necessarily make me biased, but gives me various incentives to learn and to take from various sources in order to attempt to maximize my investment possibilities.... And, BTC is NOT my only investment or area of knowledge, so I get what I can out of the various charts, and I find them interesting that posters can attempt to explain various past performance or even to attempt to make predictions based in part on information in the charts.... NO matter what some people are going to have bad motives... and yours seem questionable in my mind at this point - especially given your seeming proclivity to attack people and to denigrate and to assume bad motives where the bad motives have NOT been proven. |
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My predictions from yesterday were kinda not good as I see...  Instead of go up, price went down ... ~35$ ... And no money to buy cheap coins! such sad. I am definitely running out of Fiat reserves, too. UNEXPECTANTLY - In the past three weeks, I have been buying BTC since about $610, and i did NOT expect BTC prices to go lower than $610. I have continued to expect BTC prices to go up... but I have bought about 6 BTC between $486 and $610. If I had known (BIG IF), I would have saved my fiat and bought them all at $486... then I could have probably gotten 7 BTC for about the same price that I paid for the 6 BTC. Maybe you can sell now and buy back when it's 50$ lower or you just patiently hold and wait like everyone else I bet a lot of people are getting fiat to the exchanges to buy "cheap" coins.. I'm too afraid to sell any more than .2BTC at a time. Almost any time that I begin to attempt to profit from trading or to sell larger quantities of BTC expecting to trade and to profit from that, I get left in the dust. Trading BTC does NOT seem to be my forte... Unless there is some kind of extremely negative news, I have resolved NOT to sell any BTC until I am getting closer to being in the black. Currently my BTC buy-in price is about $670... so BTC has a way to go UP before I am back in the black. |
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Its 2 AM. I got my popcorn with me, but I must say, I am experiencing a certain level of fear.
Sadly, I can't buy moar, my fiat is running out.
Same here.... that's what I keep saying when guys say that they would buy a shitload of BTC if the price went to $100 per BTC... the problem is I would NOT have any money left by the time it got that low. |
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It's that moment where you're terrified you're going to lose it all.
aka "The time to buy more"
This. Always this. Some people never learn. No no no, its going to $10, the mighty prophets of the temple of economics have given us their word on this, $10 spring 2014. What ever happened to 10k by spring lol Maybe the 10K prediction will have to wait a little bit, until either Spring 2015 or Spring 2016 or possibly Spring 2017 or lastly, possibly some other convenient time that will work out a lil better. Spring 2014, is nearing its end point, so 10k does NOT seem likely in the next week or even the next month. |
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guys stop freaking china news is completely fake.
The poll is NOW outdated. I actually predicted that we would NOT get under $500 - except maybe a flash crash... and maybe this will NOT last for long - however, it seems that we have been trading below $500 for more than 1.5 hours... so must be official that the "yeses" won this particular poll. |
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Jorge thats brokers
buy a bitcoin!
You mean, buy one NOW? Wow! Much friends this thread! Such nice! This is as good a time as any, NO? And, you do NOT have to buy a whole bitcoin, you can buy a fraction of a bitcoin.... that way you can familiarize yourself with the process of buying... and setting up an account.. Don't be such a scaredy cat!!! |
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I sound like this because I have been telling all of this since January, but nobody listened and they called me names I want to play bitcoin, but the other boys are breaking the game because they don't know how to play Please, tell them that causing slow downtrends isn't how it's done :''( WTF? Are you even invested in BTC? If so, what's your strategy, just play it by ear and get pissed off at charts? I keep saying who cares about charts, unless you rely on something that you do NOT understand. If someone else is relying on something that is less accurate than your method, then more power to you, no? |
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Genuinely interested, what do people think will happen to the price in the next 3 months if the Chinese news is real?
I believe that the two rallies in 2013 were caused by the opening of the Chinese market, which created huge demand for BTC and sucked coins out of the Western markets. If the ban is real (I am not convinced yet) most of the coins in the Chinese exchange accounts may be moved to the non-Chinese exchanges. So I think this may well happen:  The black line is an exponential fitted by eyeball in log scale to the Bitstamp prices before April 2013. But I think this it is just a possibility, I would not bet on it. It is hard to guess what the big holders and investors will do: whether they will buy all the Chinese bitcoins, or dump those they already have. Not sure how to explain you that... but in this one year, there was a big step up for btc. Not just in price but also in infrastructure  So please... be smart and say at least 300$ (worst case scenario) and even if we go to 300$ I'm sure lots of todays holders would take a loan on their house/car/wife  to buy more coins. And then.... here is also Wall Street. I have a hard time buying two digits.. except maybe some weird flash crash scenario.. otherwise, i am with got milk.. and $300 or possibly a little bit lower could be extreme downsides... but I cannot seem much lower than $300... for any sustained period of more than a few hours. |
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My predictions from yesterday were kinda not good as I see... Instead of go up, price went down ... ~35$ ... And no money to buy cheap coins! such sad. I am definitely running out of Fiat reserves, too. UNEXPECTANTLY - In the past three weeks, I have been buying BTC since about $610, and i did NOT expect BTC prices to go lower than $610. I have continued to expect BTC prices to go up... but I have bought about 6 BTC between $486 and $610. If I had known (BIG IF), I would have saved my fiat and bought them all at $486... then I could have probably gotten 7 BTC for about the same price that I paid for the 6 BTC. |
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What I'm saying is that these bitcoinwisdom line drawing attempts aren't trustworthy speculations. It wouldn't be worth of mentioning when the majority of the forum wouldn't consider them as trustworthy. When MtGox crashed, then the majority thought that we are back on an uptrend just because couple of reputable baffoons drawed couple of lines, that "proved" this. If the market were smarter, then everyone would earn more money. This unstable market that is lead by chaotic desperation and illusions, isn't very attractive any more, and I really want it to be attractive! So smarten up ffs and stop drawing lines and start concentrating at the general nature of the market.
You are appearing to be so bitter to merely criticize and attack and denigrate without offering any meaningful alternatives. You seem to be suggesting to predict BTC prices by just doing whatever feels good or feels right at the time... little objective guidance with those kinds of abstract considerations. YES, maybe line drawing is NOT the be all end all.... and few are saying that it is... Surely there are other pieces of evidence that can be accounted to consider the price direction of BTC besides line drawing, and I think everyone agrees to that.. Also, everyone seems to agree that the past does NOT predict the future and that various variables can alter the line drawing predictions... so in this regard, you seem to be attempting to attribute much more predictive value to the line drawings than the line drawers themselves are attributing to such lines. Is it really hard to understand these simple concepts: Shutdown of an important market = Loss of demand caused by closing an important channel of incoming flow = Price lowers Shutdown of an important market, together with the loss of customer funds = Bigger loss of demand, caused by closing an important channel + loss of trust towards the entire market system = Price lowers even more THE thing to consider with cryptos are the markets. How many markets there are in different geographical places and how comfortable do people feel in using them. This is the main factor that creates demand, so it's the most important factor to consider, since supply is relatively stable and predictable. And you can't understand this aspect by drawing lines in graphs. You could get better predictions by using volume in that equation, not just draw a line between bottoms and tops. But volumes can be faked in crypto, so it's not solid either. Stable trends only apply to markets that are very stable. Where things like 4 seasons of the year or restrictions of the law affect the price in the repeating pattern. Drawing lines in the crypto market is insanity, because the entire market is based on speculation and the entire environment is quickly changing. You have to think on your feet to trade effectively, not just draw lines. I think that the mindless line drawers are the reason on why there is so much uncertainty and confusion. They are leading the people to look at things that doesn't matter and then again everyone will be surprised that why didn't it go like this. And always after the line drawer predictions didn't come through, then they begin acting like they knew about this all along, and the lemmings forgot how certain they were about their lines just couple of weeks ago. Surely there is some truth to what your saying; however, in my view you are being way to emphatic and denigrating about it. And, you are engaging in a lot of generalizations in order to denigrate line drawers...... so what... ? let them draw their lines and do whatever, who cares? Some people will give line drawing weight and others will NOT ... why does it matter? Some people will be falsely lead by the line drawing b/c they are NOT flexible enough or they fail to take into account other factors that affect and manipulate the market... so what... ? I guess my point is that you have made some points, but your point is NOT really any more valid than the line drawers attempting to figure out what to do... and maybe failing to recognize some other important market dynamic. Let speculators use whatever tools they wish in order to speculate, and each of us can determine how much time we want to spend in that regard or how much weight to give such information derived from such speculations. |
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Anyone still holding please drop your drawers and bend over.
What's that supposed to mean?? better sell now. I'm disinclined to sell under $700... .. though I may reconsider with good evidence |
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What I'm saying is that these bitcoinwisdom line drawing attempts aren't trustworthy speculations. It wouldn't be worth of mentioning when the majority of the forum wouldn't consider them as trustworthy. When MtGox crashed, then the majority thought that we are back on an uptrend just because couple of reputable baffoons drawed couple of lines, that "proved" this. If the market were smarter, then everyone would earn more money. This unstable market that is lead by chaotic desperation and illusions, isn't very attractive any more, and I really want it to be attractive! So smarten up ffs and stop drawing lines and start concentrating at the general nature of the market.
You are appearing to be so bitter to merely criticize and attack and denigrate without offering any meaningful alternatives. You seem to be suggesting to predict BTC prices by just doing whatever feels good or feels right at the time... little objective guidance with those kinds of abstract considerations. YES, maybe line drawing is NOT the be all end all.... and few are saying that it is... Surely there are other pieces of evidence that can be accounted to consider the price direction of BTC besides line drawing, and I think everyone agrees to that.. Also, everyone seems to agree that the past does NOT predict the future and that various variables can alter the line drawing predictions... so in this regard, you seem to be attempting to attribute much more predictive value to the line drawings than the line drawers themselves are attributing to such lines. |
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The chart I posted consisted of 2 (or maybe 2.5) descending triangles. The question exactly how "arbitrary" they are is valid in principle, but if you look at it you will note the lines aren't drawn completely out of the blue: the major descending line has 6, maybe 7 points of contact with daily price candles, to a pretty remarkable degree of accuracy. You can certainly question the validity and staying power of that downtrend (since the December ATH), but trading on it sure turned out to be profitable in the past weeks. At some point that trendline *will* be broken, I'm sure, but so far it hasn't happened (with any kind of volume as well). The lower lines that form the smaller triangle run through the pretty well established support at ~520, slightly ascending perhaps. I said "2.5 triangles" because to me it looks like there are 2 levels of support running close to each other, but they aren't much apart, so many in this forum put the two lines together as one lower trendline. The trend lines of the smaller triangle are about to touch, and we either have to go up or down (breaking out towards the upside, or the downside), that's the trivially true part. Now, today, we broke through the 520 support trend line (that marked the smaller triangle), although we're currently resting above it, which is not a bad sign. My chart was intended to raise the question: will we "break" the smaller triangle to the downside (i.e. go below 520, then 500), or rather: did we just break out to the downside, and will we perhaps, in the following weeks look for resistance/support in the larger triangle (that lasts into May 2014). Here's the chart again:  Thanks for that explanation, and in essence you are suggesting that there will be a sort of force that causes BTC to gravitate towards these kinds of trendlines, despite a potential exponential growth curve... In other words, even if there were an exponential explosion of BTC prices, there would be a force pulling the price back down to the trendlines... unless the trendline were to shift upward or downward.. depending on if there is enough evidence to support drawing the line in a different way based on the number of connection points. I don't really have any problems with these kinds of analyses... b/c they seem to make sense.... even though you may NOT bet the farm on it.. but they could guide you absent other news. |
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So... we finally looking into the bigger triangle yet for support?
[...]
Quickly, draw more lines... draw also ones that point up.. that will surely make the price rise! This has been the general sentiment in this forum, so it has to work! That's a fancy way of saying you don't understand my chart, or which conclusions you should draw from it. That's me saying that your charts are meaningless. Start creating charts in a way, that they could predict the right outcome at least 50% of the time, and there would be some meaning. It may be a shock to you but drawing lines from the bottoms and tops at bitcoinwisdom isn't exactly an advanced method of prediction, that would be hard to understand to anyone. It's just a way for some people to rationalize their gambling habits, so they could call their gambling as "investing" to girlfriend and friends. Jup, suspected that much. And because you don't draw those silly little charts you're posting one bitter comment after another, because you either missed the train, or jumped off too early, or whatever pathetic trading decisions you made in the past, while I can afford to look at the price in a more, hm, relaxed way. But good luck with your approach, whatever it is. I got in at 200, sold at around 1030, bought couple of times since, once with zero outcome and other time a 6% profit from a strong pump. So, stop trying to justify yourself by trying to fantasize about me. Trading is not about drawing lines but about knowing the nature of the entire market, it's product or service and it's development. You can only use previous trends if the environment is the same as it was during that previous trend. If you think that BTC is the same as it was during the days of "internet play money that can be used to buy drugs", then you are an absolute fool, who can't even understand things that should be considered as common sense But keep going, keep drawing your little lines at bitcoinwisdom and fantasize that this makes you a knowledgeable trader. It's funny how the line drawers are wrong more then right, but they are constantly speaking like they are earning profit. The mystery or life... Reminds me of the movie "Freddy got fingered" where Tom Green started to show random graphs and presented himself as an stockbroker. Definitely, I have difficulties understanding how much weight to give to various lines; however, this is the speculation thread. Therefore, it is much more valuable to see various contributions and speculations that are based on some concepts.. rather than some rant that denigrates other contributions for NO apparent reason... except maybe Zapffe, you feel good to be able to denigrate others on some quasi-anonymous forum? that shows more about your lack of character, rather than showing that line drawing is meaningless (which I believe was the other point you were attempting to make... .. ) |
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