I guess my first post didnt go through...
I feel like there is a certain "look" to the curve when the trend is increasing, and a different one when it is decreasing.. or, more precisely, when the second derivative of the overall trend changes +/-. Specifically, when the second derivative becomes negative, the downward part of each "spike", or wave, is much sharper. It also seems like the upwards, first half of the wave is less. I guess this is due to the upward force weakening... But yeah, anyways, does anyone else try and do this? Instead of looking at numbers and indexes and the like, do any of you guys actually try to get a feel for the market VISUALLY? I have always been a very visual person... I look for patterns everywhere. I guess it is only natural that i do this
Congrats. You just invented Trend Analysis  |
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This is terrible for Bitcoins.
The adoption for Bitcoins will be slowed if there is confusion with one or more competing currencies. Currencies are all about confidence, especially virtual ones since they are backed by nothing, mindless offerings of additional currencies detracts from the whole effort on virtual currencies and is just greed from those who missed the early stages of BTC hoping to catch another.
I think (it's early days so my opinion isn't fully formed) I disagree with you. Bitcoin must grow massively if it is to become a global transactional tool. I envisage Litecoin acting as a layer between BTC and fiat offering faster confirmations and only needing to have a much smaller market cap. Disclaimer: I mine Litecoins mostly for lulz - I don't expect them to be worth anything at all in a year's time. |
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I really do apologise for this thread but my BS-ometer exploded this morning!  |
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Actualy many people rather want cash than bitcoins and they sellung out. So be carefull OP's case in point. |
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Agreed. And worth more because it comes from one of the saner, sager voices on the forum.
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LOL!11 YOU N00BS YOU BETTA SELL NAO COS BTICOIN WILL BE WR0TH ZERO 2DAY LOL.
Sorry, I HAD to get that out of my system.
Normal service will be resumed.
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Interesting that people agree. It's just self-apparent really and I keep referring to it simply because the price, even in volatile times does seem to "have one eye" on that line. Sometimes I like to pay a premium to be able to sleep easy, this includes stepping out of the market when it looks hairy. That's why I have life insurance and home insurance though I would be richer without them in the short term |
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Not 0 usd, but a few cents yea.
MASSIVE difference here. $0.01 to $0.02 is a 100% rise, $0 to anything, even $0.01 is a percentage rise of infinite size. OP is full of confidence eh? |
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Thanks for a hype-free post with some analysis to back it up.
I don't put too much store in short-term TA though in the mid to long term it is generally useful.
BTC at the moment seems to be all about gut-feeling and short-term profits - and there isn't anything wrong with that.
I just hope for their sake that a lot of the perma-bulls around here don't get caught out on what I see as an eventual though perhaps slow rise.
The fundamentals are looking better every day.
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You can't just call "a bottom" you need to specify a time-frame. And not every downwards movement is a 'crash'. The only reliable rule with trends seems to be (in my very humble opinion) that as soon as people see the shape of the trend we are in, they have ended it by recognising it and altering their actions. A bit existentialist for a Friday morning I know  but I am a firm believer in the power of mass psychology in money markets. I'm not too sure what people seek to gain from all these, "I know where the market is headed, watch, see how right I am!" type posts. I'd rather gain money from being right. My accountant says I can't bank ego, post-counts or up-votes |
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Bold statement!
I'd bet you BTC10 you're wrong but what odds?
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Please stop quote-quoting, edit quote posts a little eh? In other news, we were finely-balanced in BTC Bids @ $120 and Asks @ $150 a short while ago and now:  |
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Here we go guys:  Nice drawing. |
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Same distance to $120 as to $150. Price $127.
Oversold. Fill your shopping trolley with cheap coins and head to the checkout.
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and the DDOS hits...
Oh don't be silly, how is 30-60 secs lag a DDoS attack? |
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Not much happening. Care for a recap of recent events in non-vertigo-inducing log scale?  |
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Disclaimer: Pretty soon I'm going to run out of disclaimers. |
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I just know that when a thread title IS IN ALL CAPS, it's going to be a good 'un. "1/10 of the world population does 5 bitcoin transactions per day" Woah I thought you were a bear. If you think we'll ever reach that point then you my friend are a perma-bull. Besides, if we ever reach that point, then: a) Moore's Law will have taken care of the speedbumps. b) I will be too rich to give a fuck. |
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The $160 wall got eaten a few hours ago, no one cares, price is idling around $157-$158.
I'm seriously wondering who is buying these days.
With google and paypal looking to get in... Very small volume. Very tricky moment to buy in (unless you are in it for the long haul, obviously). Paypal news were great, but the masses only understand one thing: price is going UP UP UP, price broke ATH, etc. When you have those headlines is when everybody jumps on the train. We had a very recent bubble burst, so I won't be surprised by a mid-term scenario in which prices slowly decline or just stay stable (which in BTC means 50% to 80% swings, big rallyes and subsequent big crashes, but no more parabolic growth) Buy. Sell at $169. Wait for re-entry around $155. OR: Buy. Hold. Either works for me. |
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The $160 wall got eaten a few hours ago, no one cares, price is idling around $157-$158.
I'm seriously wondering who is buying these days.
Well I care. Just you know, trying to post wall movement updates! |
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