Big picture..

[inca]

It is just a matter of time before the inevitable occurs..

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[knight22]

Accumulation phase just started for me.

[inca]

Accumulation phase just started for me.

Yep I have been buying weekly from circle since January. I was lucky enough to receive an unexpected large tax refund which is sat as a juicy bid just in case

[fonzie]

So why should they be able to predict the end of a bear trend? All they can do is say 'line on a chart points up' or 'line on a chart points down'.

Literally the only thing bears have going for them is the 'line on a chart points down'.

 Bitcoin only goes down because line on a chart points..oh shit.

    

So, you think Bitcoin will go up , coz lines on a charts tells you?

[knight22]

So, you think Bitcoin will go up , coz lines on a charts tells you?

Nope because bitcoin becomes more and more useful + being scarce = the obvious.

[Zangelbert Bingledack]

"Obvious in retrospect," yes, exactly that.

One important mental exercise most people never take the time to do is to consider a future scenario fully, really pretend that it's actually now happened. It's no longer uncertain, because it is a fact of history: "The Bitcoin price is at XXXX." Really think through that, get comfortable with the idea that this has actually happened and the other possibilities that could have happened have simply not happened.

Only then, only when you have completed the illusion of certainty and really convinced yourself, consider how realistic it feels. What would the headlines say? What would these people say? What would be the consequences? How would that relate to this issue and that issue?

Consider the success scenario fully, then reset and consider the failure scenario fully. Go back and forth between them often. Keep weighing them against each other to see which seems more correct, which seems more internally consistent, which explains more data that we already know about. In the failure scenario, many of the things you were hoping about necessarily end up being nothing. In the failure scenario, many of the things you were worried about turn out to be trifling. Every theory is tested from both angles.

At this point I find the success scenario quite a bit more realistic-feeling overall. It might take a while of sideways movement around these prices, but I'm getting the feeling that the next rise is "locked and loaded."

[fonzie]

So, you think Bitcoin will go up , coz lines on a charts tells you?

Nope because bitcoin becomes more and more useful + being scarce = the obvious.

Then why is he using those nasty & immoral lines to support his theory?

[Paashaas]

[inca]

Hey nice chart..

[uhoh]

So why should they be able to predict the end of a bear trend? All they can do is say 'line on a chart points up' or 'line on a chart points down'.

Literally the only thing bears have going for them is the 'line on a chart points down'.

 Bitcoin only goes down because line on a chart points..oh shit.

    

So, you think Bitcoin will go up , coz lines on a charts tells you?

Slightly hypocritical considering your love of posting Igorr's old chart

[Amph]

OP it seems that you forgot that sub 200 has already happened, so what's the point of this, it will end in the same way, sub 200 for 1 seconds and then again above the 200 floor

this is why you can call it rock solid

[NorrisK]

Hey nice chart..

So we are still in the overestimation phase?

Accumulation phase just started for me.

Accumulation phase is about to start for me. I expect the price to remain like this for a while, so I have the time

[inca]

Hey nice chart..

So we are still in the overestimation phase?

Accumulation phase just started for me.

Accumulation phase is about to start for me. I expect the price to remain like this for a while, so I have the time

Here is hoping that my bid gets hit. My cold storage will be getting substantial then

[Hyena]

I'm slowly getting worried that even though BTC will perform very well this year it will not be because bitcoin is so awesome and its opponents suddenly start to see the light but instead because some large scale shit will happen that brings down the conventional markets. When bad things start to happen they will happen all at once. Yes your bitcoins will be worth millions of dollars but at what cost? at what cost?

[fonzie]

I'm slowly getting worried that even though BTC will perform very well this year it will not be because bitcoin is so awesome and its opponents suddenly start to see the light but instead because some large scale shit will happen that brings down the conventional markets. When bad things start to happen they will happen all at once. Yes your bitcoins will be worth millions of dollars but at what cost? at what cost?

Thanks for your non selfish concerns! Appreciated! 

[jeannemadrigal2]

I'm slowly getting worried that even though BTC will perform very well this year it will not be because bitcoin is so awesome and its opponents suddenly start to see the light but instead because some large scale shit will happen that brings down the conventional markets. When bad things start to happen they will happen all at once. Yes your bitcoins will be worth millions of dollars but at what cost? at what cost?

The markets should go into bear territory later this year when interest rates rise.  However for a crash to happen you need a catalyst like a major war or other political event, or for a major company to fail.  It is not inevitable.  I hope it doesn't happen even though it might benefit me in some ways.  Lots of people will get hurt in the process.

The bitcoin price is dropping fast right now.  I think it is because of the 20mb feud.  People who don't understand what is going on think that the sky is falling and pull all of their money out.  This is fine for me because i am patient and I love a chance to buy low.  When this thing is resolved expect the price to shoot back up.

[RyNinDaCleM]

I can arbitrarily place the little historical plot too! Except mine portrays the failed exponential trend line and the space below.


The point is, this picture as well as the original is completely useless. It is basically an opinion (hope?)

[Paashaas]

I can arbitrarily place the little historical plot too! Except mine portrays the failed exponential trend line and the space below.


The point is, this picture as well as the original is completely useless. It is basically an opinion (hope?)

This original pic is not useless, it's a fact. Bitcoin's infrastructure and technological productivity developing goes hand in hand. i mean, do you look more than just the Bitcoin price?

You blue line is pure trolling beceause the price is dropping? Ppl do strange things when the're depressed.

[acharias]

Accumulation phase just started for me.

waiting down at under 200$

[RyNinDaCleM]

I can arbitrarily place the little historical plot too! Except mine portrays the failed exponential trend line and the space below.


The point is, this picture as well as the original is completely useless. It is basically an opinion (hope?)

This original pic is not useless, it's a fact. Bitcoin's infrastructure and technological productivity developing goes hand in hand. i mean, do you look more than just the Bitcoin price?

You blue line is pure trolling beceause the price is dropping? Ppl do strange things when the're depressed.

Absolutely not trolling. I get how the yellow and green lines relate, and I understand the curve of development. As I said, the point at which the Bitcoin price history plot (that is what that red line is, right?) was placed on the technological S-curve is arbitrary. How can you say that the function of the curve is absolute for that piece of price data? There are no X/Y coordinates so it is just stuck there. What's to say that the entire history of Bitcoin wouldn't fit into one pixel on that pic? Or that the price is not already past the start of the rise of the curve and needs to catch up? Indeed where I stuck it is arbitrary, but I guess what I want to know is, how did you come to your conclusion?