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Author Topic: Why?  (Read 9537 times)
Luno
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October 31, 2012, 10:23:44 PM
 #101

Fibonacci retractments. So the movie  "PHI" was real?
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Spekulatius
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October 31, 2012, 10:34:31 PM
 #102

It really happened man! It was actually filmed as an experimental documentary with lots of experimental camera perspectives and stuff (like the part when he's wearing that head mounted camera) about a mathematical prodigy. But after the events of the movie had taken place, the initial producers of the film (some students) bailed out and sold the rights to some other publisher that recut the material and marketed it as a fictional independant movie.
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October 31, 2012, 10:40:44 PM
 #103

back to topic: "WHY?"

A friend pointed out to me, that the recent drop was due to the latest of some Fibonacci retracements, that balanced the price.
If you look at historic MtGox data, Fibonacci retracements work suprisingly well, the better the stronger the triggering price movement and the less distracting news, like with the past mini bubble burst from 15.xx USD to 7.8x USD with few big news or even fundamental changes.

"Fibonacci retractments" doesn't answer "why" the initial decline happened. Only says something about what might or might not happen after wards.

nice way to lmgtfy us, though Wink


It doesnt answer why it happened the day it did, but it does explain WHY it happened if you understand Fibunacci retracements as resault of mass psychology at work, the same reason for why chart patterns and trends come into existence. Its the market balancing out.
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October 31, 2012, 10:59:41 PM
 #104

back to topic: "WHY?"

A friend pointed out to me, that the recent drop was due to the latest of some Fibonacci retracements, that balanced the price.
If you look at historic MtGox data, Fibonacci retracements work suprisingly well, the better the stronger the triggering price movement and the less distracting news, like with the past mini bubble burst from 15.xx USD to 7.8x USD with few big news or even fundamental changes.

"Fibonacci retractments" doesn't answer "why" the initial decline happened. Only says something about what might or might not happen after wards.

nice way to lmgtfy us, though Wink


It doesnt answer why it happened the day it did, but it does explain WHY it happened if you understand Fibunacci retracements as resault of mass psychology at work, the same reason for why chart patterns and trends come into existence. Its the market balancing out.

I probably don't understand Fibonacci retractments in that case. Might look into it, thanks for reminding.

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October 31, 2012, 11:22:01 PM
 #105

Fibonacci retractments. So the movie  "PHI" was real?

What movie? Sounds interesting, but I can't find a movie named Phi on IMDB.

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October 31, 2012, 11:31:37 PM
 #106

Fibonacci retractments. So the movie  "PHI" was real?

What movie? Sounds interesting, but I can't find a movie named Phi on IMDB.

http://www.imdb.com/title/tt0138704/
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October 31, 2012, 11:36:45 PM
 #107

Phi:


Pi:
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November 01, 2012, 01:11:48 AM
 #108

Psi


Psy

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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November 01, 2012, 02:35:07 AM
 #109

*sigh*
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November 01, 2012, 07:37:10 AM
 #110

PI is on Netflix
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December 05, 2012, 07:11:08 PM
 #111

I'm feeling rather good about my bet nobbynobbynoob Cheesy (That's his name, page 4-5, I'm not making fun of him Wink )

Just a 1.5 $ rise in value or ~10% in almost 2 months... Bitcoin has performed like that easily before.

Cheap and sexy Bitcoin card/hardware wallet, buy here:
http://BlochsTech.com
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February 04, 2013, 11:47:41 PM
 #112

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That's a bit much, lets say 1 BTC and it's a deal - I'm not a (very) betting man;)

Yes, still a deal. BTC1 it is then.

Realpra won this bet - congratulations!

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