Pattern Recognition 101

[Beliathon]

[unamis76]

When I see what, your/the person who took the screenshot's Windows asking for activation?

This would suit the Economics forum better. As for my opinion... Graphs only tell half or even less than half of the story

[Beliathon]

When I see what, your/the person who took the screenshot's Windows asking for activation?

What? You're talking nonsense. Please make some sense, new friend.

[unamis76]

When I see what, your/the person who took the screenshot's Windows asking for activation?

What? You're talking nonsense. Please make some sense, new friend.

Ninja screenshot correction

[Beliathon]

When I see what, your/the person who took the screenshot's Windows asking for activation?

What? You're talking nonsense. Please make some sense, new friend.

Ninja screenshot correction

Nonsense. Clearly you have photoshopped this image to slander my good name. I would never steal copy from beloved corporation Micro$oft.

[neurotypical]

Actually pretty good catch, but remember that past performance doesnt translate into future performance, even tho future bubbles with increasingly higher floors are unavoidable with Bitcoin. A question of 2+2=4. It's destiny that we keep hitting 2k, 3k, 4k... until about year 2100.

[Beliathon]

Actually pretty good catch, but remember that past performance doesnt translate into future performance

Past performance: Bitcoin began as having a zero dollar market cap / no value. Bitcoin now has a ~3.5 billion us dollar market cap. Since the value began at zero, this represents an ∞% increase in value in about six years.

Future performance: I'll leave the implications to the reader.

[unamis76]

When I see what, your/the person who took the screenshot's Windows asking for activation?

What? You're talking nonsense. Please make some sense, new friend.

Ninja screenshot correction

Nonsense. Clearly you have photoshopped this image to slander my good name. I would never steal from beloved corporation Micro$oft.

The fact that your Windows isn't activated doesn't mean you're stealing from someone, it just means it's inactivated, lol

Actually pretty good catch, but remember that past performance doesnt translate into future performance, even tho future bubbles with increasingly higher floors are unavoidable with Bitcoin. A question of 2+2=4. It's destiny that we keep hitting 2k, 3k, 4k... until about year 2100.

You said that past performance doesn't affect future performance... So future higher floors might not be possible

[Karartma1]

Did you corelated these things too before pattern recognizing?
1- Total bitcoins in circulations.
2- Total marketcaps in these 2 time periods.
3- Total bitcoin addresses were seen on network then and now.
4- Total transaction volume.

If you didn't check those things then you can not say they look same.

[Beliathon]

Did you corelated these things too before pattern recognizing?
1- Total bitcoins in circulations.
2- Total marketcaps in these 2 time periods.
3- Total bitcoin addresses were seen on network then and now.
4- Total transaction volume.

Irrelevant, as fiat scrip valuation is faith/myth-based (note collapsing euro), while Bitcoin's value is self-evident scientific truth. Bitcoin is the atheism of money; all fiat scrips are competing religions by contrast. As with actual religions, all fiat myth-money is doomed to die here in the information age.

https://www.cryptocoinsnews.com/why-bitcoin-value-doesnt-matter/

The fact that your Windows isn't activated doesn't mean you're stealing from someone, it just means it's inactivated, lol

Oops. Fuck it, Microsoft can suck a fat dick.

[Beliathon]

I'd like to take this moment to remind our readers that of the many thousands of centrally-controlled currencies created throughout history, only about 200 of them survive today. Crypto has existed for a mere six years, and already there are more living cryptos than there are fiat scrips.

Gold has watched many of them come and go, although there are many thousands more which predate even gold. Historically, centralized money has a very ominous extinction rate.

[jonald_fyookball]

Patterns unfold all the time in any tradable instrument.  
The best chart readers can at best hope to gain a small
edge, and each new bar on a chart can start a new trend
in either direction.

Right now we are in a trading range and we haven't
even broken out to the upside yet... And even if/when
we do, that by itself is no reason to believe we're going to see
an exponentially bigger bull trend that would take us past the last all-time-high.

The reason to invest in Bitcoin is because of what it is
and what it does, not because you think you saw something
on a chart.

[DebitMe]

I'd like to take this moment to remind our readers that of the many thousands of centrally-controlled currencies created throughout history, only about 200 of them survive today. Crypto has existed for a mere six years, and already there are more living cryptos than there are fiat scrips.

Gold has watched many of them come and go, although there are many thousands more which predate even gold. Historically, centralized money has a very ominous extinction rate.

Yea but I bet if you added up all of the different crypto currencies and compared how many are still around compared to fiat, fiat would be far far ahead.

That's because any 6 year old can create his own crypto currency in less than an afternoon (and buy there own coin for a few dollars).  This is not a good reference to make.

[Beliathon]

I'd like to take this moment to remind our readers that of the many thousands of centrally-controlled currencies created throughout history, only about 200 of them survive today. Crypto has existed for a mere six years, and already there are more living cryptos than there are fiat scrips.

Gold has watched many of them come and go, although there are many thousands more which predate even gold. Historically, centralized money has a very ominous extinction rate.

Yea but I bet if you added up all of the different crypto currencies and compared how many are still around compared to fiat, fiat would be far far ahead.

That's because any 6 year old can create his own crypto currency in less than an afternoon (and buy there own coin for a few dollars).  This is not a good reference to make.

Diversity is a strength in a technological system, just as it is a strength in a biological system. That there have been more crypto births and deaths in a shorter timespan is a signal of the vitality of this ecosystem.

That fiat scrips are ancient and stagnant is a signal of their impending death.

[Beliathon]

Seriously though bitfuckers, next bubble takes us to 2500 - 3k easy.



GET HYPED!

[Bit_Happy]

....

It looks strongly bullish, and the odds are strong you are correct, but...
When predictable or "obvious patterns" get broken, sometimes you can get a surprising big move in the opposite direction.

[Beliathon]

It looks strongly bullish, and the odds are strong you are correct, but...

The odds are extremely strong that I am correct, not only because of the supporting evidence above, but also because I am rarely incorrect.

[Raize]

It's not just the price that matches during these "patterns" either. It's the volume matching on the peaks and troughs that people really need to pay attention to. This is Commodities 101, IMHO.

Case in point:

[jonald_fyookball]

....

It looks strongly bullish, and the odds are strong you are correct, but...
When predictable or "obvious patterns" get broken, sometimes you can get a surprising big move in the opposite direction.

it does not look "strongly bullish".

we were in a bear trend for a long time. yes we broke a major trendline
and we no longer see lower lows or lower highs, but the market is currently
sideways.  You can see one higher high and one higher low but not enough yet
to really say the market is definitely in a bull trend, let alone a strong one.

Wait for more price action to unfold, however if you were trading this you could wait until price turns down and then fails before before placing a long order with your stop below the most recent swing low.

[Beliathon]

yes we broke a major trendline and we no longer see lower lows or lower highs, but the market is currently sideways.

You and I must have different definitions of either "currently" or "sideways".