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Question: What do you expect BTC/USD prices to do in the next 4 weeks?
Up
Down
Same as now
I don't know

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Author Topic: #1 most popular Bitcoin Price Forecasts (+1,492% gains, +750% more than B&H)  (Read 346667 times)
kokjo
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October 17, 2011, 09:15:27 AM
 #1361

Quote
Almost ideal Elliott Wave. Rally "now or never...!"
http://www.bitcoinbullbear.com/

Now that we hit 2.9 can we please drop the "rally to $30" talk? At least for the next couple of months... I am interested to know where the bottom is and I hope that the price will finally stabilize (maybe around $2?).
no, we can't. its now people will buy because of the low price, and thereby forcing the price to go up.

"The whole problem with the world is that fools and fanatics are always so certain of themselves and wiser people so full of doubts." -Bertrand Russell
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October 17, 2011, 09:19:15 AM
 #1362

I want you guys to run this thing right into the ground.

Why?

It just seems to me everyone is intent on scooping up more coins by selling now and buying back later.  A strategy which, as I suggested, will only lead downward if enough people participate in it, and I think enough people are participating in it.  Apparently the only way people are going to see how foolish that strategy is is to let it run its course, which, in this case, will very probably be total price collapse.  Nice job everyone.
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October 17, 2011, 09:37:57 AM
 #1363

S3052, do you see the long term trend broken now?

"Bitcoin had been transformed from an anarachistic challenge to the financial status quo, to the crypto spawn of Satan, fuelled by cut-throat greed and delusions of avarice." - MatTheCat
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October 17, 2011, 09:43:03 AM
 #1364

S3052, do you see the long term trend broken now?

Magic S2052-ball says...  Roll Eyes


-end pun
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October 17, 2011, 09:43:38 AM
 #1365

S3052, do you see the long term trend broken now?

Yes. Longterm trend is broken intraday.
it needs a rapid reversal above 3.7$ and better 4$ to hold in the next 24 - 48h

>15years analysis experience

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

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October 17, 2011, 09:45:22 AM
 #1366

S3052, do you see the long term trend broken now?

Yes. Longterm trend is broken intraday.
it needs a rapid reversal above 3.7$ and better 4$ to hold in the next 24 - 48h
is this good or bad?

"The whole problem with the world is that fools and fanatics are always so certain of themselves and wiser people so full of doubts." -Bertrand Russell
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October 17, 2011, 09:47:50 AM
 #1367

S3052, do you see the long term trend broken now?

Yes. Longterm trend is broken intraday.
it needs a rapid reversal above 3.7$ and better 4$ to hold in the next 24 - 48h
is this good or bad?

I think he means that we need a confirmation of the current prices. This could be just a spike. If the price returns to higher levels during the next couple of days the "long term buy" still holds.
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October 17, 2011, 09:53:05 AM
 #1368

S3052, do you see the long term trend broken now?

Yes. Longterm trend is broken intraday.
it needs a rapid reversal above 3.7$ and better 4$ to hold in the next 24 - 48h
is this good or bad?

I think he means that we need a confirmation of the current prices. This could be just a spike. If the price returns to higher levels during the next couple of days the "long term buy" still holds.
its i just a spike, it just people that are panicking. when the real players wake(NY time: 5.52), i think we will se more buys or more sells. i don't know, but im still buying.

"The whole problem with the world is that fools and fanatics are always so certain of themselves and wiser people so full of doubts." -Bertrand Russell
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October 17, 2011, 09:56:03 AM
 #1369

If this trend won't hold, then there are dark clouds ahead. Not only for prices but also for the bitcoin economy.
While the protocol will likely still remain secure and good, bitcoin growth and adoption will likely be harmed massively

>15years analysis experience

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kokjo
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October 17, 2011, 09:59:17 AM
 #1370

If this trend won't hold, then there are dark clouds ahead. Not only for prices but also for the bitcoin economy.
While the protocol will likely still remain secure and good, bitcoin growth and adoption will likely be harmed massively
no no you are seeing it wrong: low prices -> more buys.

is'nt there an inverted chart, like the USD price in BTC, is will explain it good i think.
i know that it is just another interpertation of data, but its important

"The whole problem with the world is that fools and fanatics are always so certain of themselves and wiser people so full of doubts." -Bertrand Russell
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October 17, 2011, 10:13:42 AM
 #1371

If this trend won't hold, then there are dark clouds ahead. Not only for prices but also for the bitcoin economy.
While the protocol will likely still remain secure and good, bitcoin growth and adoption will likely be harmed massively
no no you are seeing it wrong: low prices -> more buys.

is'nt there an inverted chart, like the USD price in BTC, is will explain it good i think.
i know that it is just another interpertation of data, but its important

The price is reflection of how much USD is injected into BTC economy.

Right now we NEED that, we do not have self-running economy yet.

If the price get stuck "crashed" it means BTC economy crashed too.

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October 17, 2011, 10:17:40 AM
 #1372

If the price get stuck "crashed" it means BTC economy crashed too.
no. the bitcoin economy can not crash. it will still have some value, a crash means no value(or negative, fun fun). it can not happen to bitcoin, as long as there is least 2 persons in the world that is using it.

"The whole problem with the world is that fools and fanatics are always so certain of themselves and wiser people so full of doubts." -Bertrand Russell
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October 17, 2011, 10:21:23 AM
 #1373

If the price get stuck "crashed" it means BTC economy crashed too.
no. the bitcoin economy can not crash. it will still have some value, a crash means no value(or negative, fun fun). it can not happen to bitcoin, as long as there is least 2 persons in the world that is using it.

kokjo
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October 17, 2011, 10:23:21 AM
 #1374

If the price get stuck "crashed" it means BTC economy crashed too.
no. the bitcoin economy can not crash. it will still have some value, a crash means no value(or negative, fun fun). it can not happen to bitcoin, as long as there is least 2 persons in the world that is using it.


VERY SERIOUS!

"The whole problem with the world is that fools and fanatics are always so certain of themselves and wiser people so full of doubts." -Bertrand Russell
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October 17, 2011, 10:28:22 AM
 #1375

S3052, do you see the long term trend broken now?

Yes. Longterm trend is broken intraday.
it needs a rapid reversal above 3.7$ and better 4$ to hold in the next 24 - 48h

But using the log scale for this trend was not the orthodoxy of technical analyzis - or was it?
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October 17, 2011, 10:32:10 AM
 #1376

If the price get stuck "crashed" it means BTC economy crashed too.
no. the bitcoin economy can not crash. it will still have some value, a crash means no value(or negative, fun fun). it can not happen to bitcoin, as long as there is least 2 persons in the world that is using it.

So... you consider 2 people using some pretend money as "economy" ?

kokjo
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October 17, 2011, 10:37:43 AM
 #1377

If the price get stuck "crashed" it means BTC economy crashed too.
no. the bitcoin economy can not crash. it will still have some value, a crash means no value(or negative, fun fun). it can not happen to bitcoin, as long as there is least 2 persons in the world that is using it.

So... you consider 2 people using some pretend money as "economy" ?
no! the use of money as an economy.
money is essentially useless, their real value, is what was used to create them(paper or electricity). but its often not the price that they are traded for.

"The whole problem with the world is that fools and fanatics are always so certain of themselves and wiser people so full of doubts." -Bertrand Russell
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October 17, 2011, 10:44:44 AM
 #1378

But using the log scale for this trend was not the orthodoxy of technical analyzis - or was it?
Zby, log charts are preferred over linear charts when representing rate of change. The drop from $3.5 to $2.5 was just as significant as from $14 to $10.

http://www.fool.com/foolfaq/foolfaqcharts.htm
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:what_are_charts#price_scaling
http://www.investopedia.com/ask/answers/05/logvslinear.asp

What concerns me most about the bitcoin economy is the large percentage of its supporters (this community) who do not understand basic mathematics, much less the cryptography, upon which confidence in bitcoin depends.

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kokjo
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October 17, 2011, 10:49:43 AM
 #1379

look at mtgoxlive, im right! people are buying again. Tongue

"The whole problem with the world is that fools and fanatics are always so certain of themselves and wiser people so full of doubts." -Bertrand Russell
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October 17, 2011, 11:02:28 AM
 #1380

But using the log scale for this trend was not the orthodoxy of technical analyzis - or was it?
Zby, log charts are preferred over linear charts when representing rate of change. The drop from $3.5 to $2.5 was just as significant as from $14 to $10.

Then the fundamental question is are trends related to rates of change?  The links you provided only define what log scale is.
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