JimboToronto
Legendary
 Offline
Activity: 4186
Merit: 4841
You're never too old to think young.
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December 09, 2013, 01:06:41 AM |
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looks like a couple of whales trying to keep prices down on gox.
Or simply waiting to have their asks filled. |
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CryptStorm
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December 09, 2013, 01:06:50 AM |
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What is XRP? Is that what we are calling it lately?
No XBT anymore?
Ripple I believe. BAH, I meant XBT! Repeat, I did NOT mean to mention RIPPLE! Hahahaha. |
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byronbb
Legendary
Offline
Activity: 1414
Merit: 1000
HODL OR DIE
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December 09, 2013, 01:10:09 AM |
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Futures have collapsed, dealing only +120 above spot when it had been dealt like +800 at the top.
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slakeco
Newbie
Offline
Activity: 48
Merit: 0
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December 09, 2013, 01:11:10 AM |
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looks like a couple of whales trying to keep prices down on gox.
Or simply waiting to have their asks filled. Ok, and by doing so... |
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SheHadMANHands
Legendary
Offline
Activity: 1168
Merit: 1000
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December 09, 2013, 01:13:32 AM |
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BREAKING NEWS: Krusty the clown mentions Bitcoin on the Simpsons.
Updating Price Target: $2200 by Christmas
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JimboToronto
Legendary
Offline
Activity: 4186
Merit: 4841
You're never too old to think young.
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December 09, 2013, 01:13:48 AM |
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looks like a couple of whales trying to keep prices down on gox.
Or simply waiting to have their asks filled. Ok, and by doing so... Receive more fiat when they're sold. |
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Spaceman_Spiff
Legendary
Offline
Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
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December 09, 2013, 01:14:08 AM |
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BREAKING NEWS: Krusty the clown mentions Bitcoin on the Simpsons.
Updating Price Target: $2200 by Christmas
True story? |
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SheHadMANHands
Legendary
Offline
Activity: 1168
Merit: 1000
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December 09, 2013, 01:17:07 AM |
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BREAKING NEWS: Krusty the clown mentions Bitcoin on the Simpsons.
Updating Price Target: $2200 by Christmas
True story? According to about 19 Reddit posts, yes.. true storaayy |
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I_bitcoin
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December 09, 2013, 01:17:59 AM |
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BREAKING NEWS: Krusty the clown mentions Bitcoin on the Simpsons.
Updating Price Target: $2200 by Christmas
True story? According to about 19 Reddit posts, yes.. true storaayy Freakay! |
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I_bitcoin
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December 09, 2013, 01:20:10 AM |
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Apparently the simpsons reference is negative in that someone lost money in a crash.
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Spaceman_Spiff
Legendary
Offline
Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
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December 09, 2013, 01:20:32 AM |
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BREAKING NEWS: Krusty the clown mentions Bitcoin on the Simpsons.
Updating Price Target: $2200 by Christmas
True story? According to about 19 Reddit posts, yes.. true storaayy Ah reddit, my fallback drug when btctalk is down, and I am jonesing for bitcoin news... |
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CryptStorm
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December 09, 2013, 01:21:16 AM |
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I'm pretty sure the trendline mentioned is the one formed with the lease squares method on the log chart over the longest period of available data, not the current parabolic uptrend. Hope that helps.
My point was, any trendline can only describe the past. Whether it can be extrapolated into the future in any meaningful sense is entirely speculative. (Ha ha.) If you were to draw the trend 10 years from now, using the same method, the portion of it corresponding to the market data we've seen up to now might or might not be close to the trendline as drawn now. Bitcoin is not a conservative market. I'd be very surprised if it conformed to a trend estimated from a few years of data for very long. Oh, yeah, I totally get what you are saying. Like my brother is fond of saying 'The chart is good until it isn't'. I guess I have more *faith*, while speculating, when I pair my tea leaves with analysis that also includes S-curve adoption. And, THAT trendline is quite stable... so far. By which I mean, not only do we have scads of data on S-Curves, but XRP is fitting the more horizontal portion nicely... so far.  And the steeper and higher the steep bit of the S-Curve goes, the bigger will be the necessity to zoom in on the chart as it shows today to see how far off we were in retrospect. As much respect as I have for rpietila I think his belief that the curve showing in these early days is a reasonable indicator of the future is misguided. If it becomes true it will either be luck or because enough people believe that will be the pattern that we collectively draw it as such with our trades! I believe you may misunderstand the S-Curve, which is plotted with a couple of parabolic curves [perhaps I'm wrong? perhaps I just don't understand your comment?]. However, on a log chart, that curve is plotted with a straightline, the same that rpietila shows in his analysis. The S-curve as an adoption curve is well known, so I'm curious why you dismiss that, given that we are witnessing adoption of Bitcoin? |
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beaconpcguru
Full Member
Offline
Activity: 189
Merit: 100
Hello
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December 09, 2013, 01:22:40 AM |
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anyone just buy in the last hour over $800? If so, how are you feeling?
I bought one or two coins for 900+ last week, still feel good. whats there to worry about? I bought bitcoin in general cause I think its robust and undervalued. I wonder how people who sold at 650-700 are feeling right now to be honest. Depends on what they bought at, if they shorted in hopes of rewinding time, well I imagine they are feeling a little bitter and that evidence presents itself. if those people buy now they have "lost" money just like you "lost" when you bought 900+ and not now, i'm not trying to be a smart ass, just telling numbers I think the term you meant is unrealized loss... an unrealized gain is just that as well |
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CryptStorm
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December 09, 2013, 01:23:30 AM |
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BREAKING NEWS: Krusty the clown mentions Bitcoin on the Simpsons.
Updating Price Target: $2200 by Christmas
True story? According to about 19 Reddit posts, yes.. true storaayy Freakay! links at all? i feel like im being trolled Simpsons is written by math geeks, I read that today, for real. |
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Rampion
Legendary
Offline
Activity: 1148
Merit: 1018
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December 09, 2013, 01:23:40 AM |
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Apparently the simpsons reference is negative in that someone lost money in a crash.
Thats bullish. It means it is going mainstream, and for it to grow there has to be fear, caution and negativity in the air. The more "positive" the mainstream is, the closer is market saturation which means "time to sell" |
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I_bitcoin
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December 09, 2013, 01:23:51 AM |
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Likely legit. I see an episode description that describes Krusty financial problems. "Principal Skinner gives the students a blank slate and promises the best-behaved among them can ride in a submarine; Lisa tries to help Krusty with his financial problems." |
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oroboras
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December 09, 2013, 01:23:55 AM |
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C'mon, wake up!!!  |
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CoinDox
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December 09, 2013, 01:24:17 AM |
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Futures have collapsed, dealing only +120 above spot when it had been dealt like +800 at the top.
I am not as familiar with futures market analysis. Can you expand on what this means? |
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SheHadMANHands
Legendary
Offline
Activity: 1168
Merit: 1000
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December 09, 2013, 01:24:47 AM |
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Apparently the simpsons reference is negative in that someone lost money in a crash.
Yes.. A common jab (Bitcoin's "riskiness"). Most people seem to like to think that you can make sizable returns on your investment without taking any risks.. lol |
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