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Question: Bitcoin Forecast: What do you expect BTC/USD prices to do in the next 4 weeks?
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I don't know

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Author Topic: Bitcoin Forecast, Bitcoin Speculation & Bitcoin Technical Analysis. Up or DOWN?  (Read 508952 times)
fimp
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April 23, 2011, 09:22:37 AM
 #401

this +300% rally over the past 20 days
I don't get this. From approximately 0.5 to approximately 1.5 is a 300% increase?

So, from 0.5 to 0.5 would have been a 100% increase?

Is that the way percentages are usually used in the financial world? That's not how I expect percentages to be used. From 0.5 to 1.5 would be (1.5-0.5)/0.5*100% = 200% increase.

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nster
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April 23, 2011, 09:33:24 AM
 #402

this +300% rally over the past 20 days
I don't get this. From approximately 0.5 to approximately 1.5 is a 300% increase?

So, from 0.5 to 0.5 would have been a 100% increase?

Is that the way percentages are usually used in the financial world? That's not how I expect percentages to be used. From 0.5 to 1.5 would be (1.5-0.5)/0.5*100% = 200% increase.

yea, he meant that it triple, not that it rose by 3x...

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fimp
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April 23, 2011, 09:38:06 AM
 #403

yea, he meant that it triple, not that it rose by 3x...
Except I've seen him use it in that unusual way on the blog too:

"Consolidation in tight range between 1.13 – 1.20 $, after +214% rise in 2 weeks."

From this post: http://blog.bitcoinwatch.com/2011/04/bitcoin-market-analysis-april-21th-2011-by-s3052/

Alex Beckenham
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April 23, 2011, 10:01:29 AM
 #404

Except I've seen him use it in that unusual way on the blog too

Unfortunately that incorrect usage isn't that unusual.

S3052
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April 23, 2011, 10:16:39 AM
 #405

you have a good point. corrected:
http://twitter.com/#!/BitcoinAnalyst

>15years analysis experience

Always do your own due diligence & consult your financial advisor. Never invest unless you can afford to lose your entire investment.

http://twitter.com/BitcoinAnalyst

Subscribe here
pjwaffle
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April 23, 2011, 05:45:01 PM
 #406

whatdya know!? 1.5/1.45 resistance
coined
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April 23, 2011, 06:58:59 PM
 #407

it hit $1.6, thats very close to parity with GBP now, would need to hit about $1.65 though, could that get some mainstream attention in the uk? or at least a mention here and there  Tongue
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April 23, 2011, 07:50:52 PM
 #408


"Never invest unless you can afford to lose your entire investment." © S3052
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April 23, 2011, 10:43:56 PM
 #409

yea, he meant that it triple, not that it rose by 3x...
3x0.5=1.5, so it did rise by 3x...
kiba
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April 23, 2011, 10:54:10 PM
 #410

Holy cow.  Shocked

coined
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April 23, 2011, 10:56:18 PM
 #411

whatdya know!? 1.5/1.45 resistance

whatdya know it went through that instantly like a hot knife through butter and might hit $2 before the day is out, don't quit your day job  Grin Grin Grin jk   Tongue
mewantsbitcoins
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April 23, 2011, 10:56:25 PM
 #412

i would go as far as holy mother of jumping jesus!!! last trades at $1.9  Shocked

we gonna need that divisibility to 8 decimal places muuuuuch sooner than anybody though i will
bitcoinBull
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April 23, 2011, 11:01:48 PM
 #413

As Jim Rogers says, "I'll sell, and then it will double again!  And I'm one of the bulls!"

Here I am holding cash  Cry Cry Cry

College of Bucking Bulls Knowledge
coined
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April 23, 2011, 11:06:11 PM
 #414

As Jim Rogers says, "I'll sell, and then it will double again!  And I'm one of the bulls!"

Here I am holding cash  Cry Cry Cry

think about the dudes that just bailed out selling down to $.50 very recently  Shocked
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April 23, 2011, 11:48:51 PM
 #415

As Jim Rogers says, "I'll sell, and then it will double again!  And I'm one of the bulls!"

Here I am holding cash  Cry Cry Cry

think about the dudes that just bailed out selling down to $.50 very recently  Shocked


And panic selling ensues..  (*sigh of relief)

I'll be at the bottom to mop it up..

College of Bucking Bulls Knowledge
srb123
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April 24, 2011, 12:05:44 AM
 #416

this +300% rally over the past 20 days
I don't get this. From approximately 0.5 to approximately 1.5 is a 300% increase?

So, from 0.5 to 0.5 would have been a 100% increase?

Is that the way percentages are usually used in the financial world? That's not how I expect percentages to be used. From 0.5 to 1.5 would be (1.5-0.5)/0.5*100% = 200% increase.

I would have thought both ways are correct, given the right context.

If I bought at $0.5 and sold at $1, I would agree and say I made 100% profit.

But if I was observing the price, I would agree with S3052 and say that $1.5 is 300% of the value of $0.5, so therefore a 300% rise.

Why? In the first case you are calculating the % of profit, in the second you are calculating the % change in value.

I'm probably wrong, but it seems a very natural intuitive way to do it. Calculating a profit % seems like a no no when we are observing trends.
Alex Beckenham
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April 24, 2011, 12:14:54 AM
 #417

$1.5 is 300% of the value of $0.5, so therefore a 300% rise.

Your 'therefore' is just wrong.

300% of the value is therefore a 200% rise.

Similarly 101% of the value is therefore a 1% rise.

coined
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April 24, 2011, 12:17:21 AM
 #418

As Jim Rogers says, "I'll sell, and then it will double again!  And I'm one of the bulls!"

Here I am holding cash  Cry Cry Cry

think about the dudes that just bailed out selling down to $.50 very recently  Shocked


And panic selling ensues..  (*sigh of relief)

I'll be at the bottom to mop it up..

I dont even know if its over  Shocked I bet you would feel better with some high volume selling resistance  between here and $2, cause right now somebody buys $5(hehe ;P) worth and were back at $2 again
pjwaffle
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April 24, 2011, 12:17:38 AM
 #419

$1.5 is 300% of the value of $0.5, so therefore a 300% rise.

Your 'therefore' is just wrong.

300% of the value is therefore a 200% rise.

Similarly 101% of the value is therefore a 1% rise.


I second this.
FooDSt4mP
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April 24, 2011, 12:19:34 AM
 #420

$1.5 is 300% of the value of $0.5, so therefore a 300% rise.

Your 'therefore' is just wrong.

300% of the value is therefore a 200% rise.

Similarly 101% of the value is therefore a 1% rise.


Who cares?  Is this argument really worth 10 posts?  We all know what he meant... that's why he gives the straight numbers.

As we slide down the banister of life, this is just another splinter in our ass.
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