BrightAnarchist
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March 31, 2013, 04:23:13 PM |
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in financial markets if you reach the point where everyone knows something, then the exact opposite is usually about to occur.
Right because when everyone bought the google IPO because they knew it was an amazing company, it failed instead. Did people sell their houses and put all the proceeds into google shares? I think you're misunderstanding the degree of conviction I'm conveying here that occurs in people's minds at major tops... i.e. contrarianism only works at the very extremes of psychology |
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chrsjrcj
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March 31, 2013, 04:29:52 PM |
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in financial markets if you reach the point where everyone knows something, then the exact opposite is usually about to occur.
Right because when everyone bought the google IPO because they knew it was an amazing company, it failed instead. Did people sell their houses and put all the proceeds into google shares? I think you're misunderstanding the degree of conviction I'm conveying here that occurs in people's minds at major tops... i.e. contrarianism only works at the very extremes of psychology The guy wants Bitcoins for the house he's selling. He isn't selling it for $ to exchange into BTC, he wants BTC. I don't see how it's any different than buying pizza with BTC. |
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lebing
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Enabling the maximal migration
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March 31, 2013, 04:30:59 PM |
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in financial markets if you reach the point where everyone knows something, then the exact opposite is usually about to occur.
Right because when everyone bought the google IPO because they knew it was an amazing company, it failed instead. Did people sell their houses and put all the proceeds into google shares? I think you're misunderstanding the degree of conviction I'm conveying here that occurs in people's minds at major tops... i.e. contrarianism only works at the very extremes of psychology I dont think anyone is selling a house they need to live in to buy bitcoins and then rent. I saw someone put up a house in canada that was a relatives, most likely as a marketing ploy and it sure as hell worked. People are using it as a store of value, which is what it was designed for. This isnt "top behavior", its knowledge and corresponding logical action. I invested 80% of my savings almost a year ago because I knew this rise would happen (just as I know for fundamental reasons it will continue). Was that top behavior? |
Bro, do you even blockchain?
-E Voorhees
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BrightAnarchist
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March 31, 2013, 04:51:37 PM |
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I invested 80% of my savings almost a year ago ... Was that top behavior?
No. It takes a lot of people doing that together in a short span of time to make a bubble. Also, the context is totally different. This is during a parabolic move, not in a lull following a previous crash. |
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KTE
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March 31, 2013, 05:56:41 PM |
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I don't know that - I'll leave the price calls to Lucif and his charts  . All I know is that in financial markets if you reach the point where everyone knows something, then the exact opposite is usually about to occur. Bitcointalk is a very small minority of bitcoin holders. It's a big world out there. |
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lucif (OP)
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Clown prophet
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March 31, 2013, 07:58:11 PM |
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molecular
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March 31, 2013, 08:51:09 PM |
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wow. this deserves a donation. |
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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smoothie
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LEALANA Bitcoin Grim Reaper
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March 31, 2013, 08:52:42 PM |
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I preserve the big bubbles are blocks? |
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| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ .
LEALANA BITCOIN GRIM REAPER SILVER COINS.
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Crazy
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March 31, 2013, 08:54:42 PM |
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Yeah, what are these huge 4 figure BTC bubbles?
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Elon Krusky
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siulynot
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March 31, 2013, 09:46:52 PM |
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lucif (OP)
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Clown prophet
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March 31, 2013, 11:49:01 PM |
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Typical coiling picture before huge move. Bets on direction? I am for continuing EW count, since 4 of 5 off 9.77 low didn't technicially (it did stay 10 cents above) overlap 3 of 5, we still missing big leg up.  |
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zkay
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April 01, 2013, 12:49:49 AM |
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Typical coiling picture before huge move. Bets on direction? I am for continuing EW count, since 4 of 5 off 9.77 low didn't technicially (it did stay 10 cents above) overlap 3 of 5, we still missing big leg up. Has it ever crashed on a monday? |
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Crazy
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April 01, 2013, 04:09:25 AM |
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Yeah, what are these huge 4 figure BTC bubbles?
Large transactions. Not seeing them on bitcoinity, have any ideas why that might be? |
Elon Krusky
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smoothie
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LEALANA Bitcoin Grim Reaper
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April 01, 2013, 04:16:27 AM |
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Yeah, what are these huge 4 figure BTC bubbles?
Large transactions. Not seeing them on bitcoinity, have any ideas why that might be? it is a mixture of the block chain transactions and mtgox feed. |
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²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`
²²²
███████████████████████████████████████
| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ .
LEALANA BITCOIN GRIM REAPER SILVER COINS.
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BrightAnarchist
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April 01, 2013, 02:03:10 PM |
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Excellent... We've broken out of wave 4 and are marching through wave 5 to a new high right now... Exactly as anticipated
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siulynot
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April 01, 2013, 02:13:14 PM |
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What are the bets on the top?
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BrightAnarchist
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April 01, 2013, 02:47:30 PM |
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What are the bets on the top?
Not sure. I'm very much looking forward to how this plays out though - sentiment is white hot, and we have a potential 5 of 5 from the 9.77 low in formation... |
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lucif (OP)
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Clown prophet
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April 01, 2013, 02:56:24 PM |
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5 of 5 of 3 off $0 low
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lucif (OP)
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April 01, 2013, 03:13:05 PM |
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What are the bets on the top?
Follow zigzags siu, follow zigzags. 3-3-3-3-3 |
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Missionary
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April 01, 2013, 03:15:40 PM |
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5 of 5 of 3 off $0 low
Forgive my ignorance. But, what does this mean? What are those numbers? |
I am an evangelical missionary heading to China. Donations are welcome here (dedicated wallet): 1H8iswayfTaRb6oe2WjMCRmchBJHYyfx9z You can find more information about my plans here: http://btcmission.com |
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