Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[kurious]

china will go thru 5500 soon, they already punctured it and now they are oversold

Having seen my magic, perhaps you can now publicly acknowledge that I have 10,000 bitcoins, apologize, stfu and gtfo. OK?  

Oh dear - arrogance is never appealing - steady, eh?

Gandibit is Ok - I know you will say don't care if you make friends here, but if you don't care, why bother posting here - ego?

[macsga]

I really believe that Risto is seriously trolling in here. It's virtually IMPOSSIBLE to predict ANYTHING for sure into such a system like BTC. A serious prediction of ANY chaotic system (not one like we're observing here, which may as well be the mother of all chaotic systems) would have been in the timeframe of minutes or hours at max, not days; nor weeks.

ANY data provided and calculated may as well be proved as right, also as wrong. If he managed to make it based onto his calculations it's good for him and may as well define a brand new IQ entity by himself. I seriously salute him! But I don't think he did it only because of them. Luck is a special and important factor in this.

Just saying (if you want theoretical proof I can also support what I've just typed).

[Vycid]

Everybody understands that *if* this maintains itself (or go better) next week will be rising like hell... right?

No. Math says that it takes 10x more everything to make the price rise from 10x higher level.

We do not have 10 times more anything, compared to last summer. 5 times we have, so the price is overvalued by a factor of 2, and will go down -50%.

I have thousands of lines of research on the subject but nobody reads it anyway so why even post...

Profoundly incorrect.

lrn2pricediscovery

I really believe that Risto is seriously trolling in here. It's virtually IMPOSSIBLE to predict ANYTHING for sure into such a system like BTC. A serious prediction of ANY chaotic system (not one like we're observing here, which may as well be the mother of all chaotic systems) would have been in the timeframe of minutes or hours at max, not days; nor weeks.

ANY data provided and calculated may as well be proved as right, also as wrong. If he managed to make it based onto his calculations it's good for him and may as well define a brand new IQ entity by himself. I seriously salute him! But I don't think he did it only because of them. Luck is a special and important factor in this.

Just saying (if you want theoretical proof I can also support what I've just typed).

Again: system dynamics DOES have approaches for things like Bitcoin, where the model is simply of questionable accuracy instead of completely worthless.

[DaRude]

china will go thru 5500 soon, they already punctured it and now they are oversold

Having seen my magic, perhaps you can now publicly acknowledge that I have 10,000 bitcoins, apologize, stfu and gtfo. OK?  

Which page was the magic on? Seemed to have missed it?

[rpietila]

Everybody understands that *if* this maintains itself (or go better) next week will be rising like hell... right?

No. Math says that it takes 10x more everything to make the price rise from 10x higher level.

We do not have 10 times more anything, compared to last summer. 5 times we have, so the price is overvalued by a factor of 2, and will go down -50%.

I have thousands of lines of research on the subject but nobody reads it anyway so why even post...

But this is btc:-D

Btc dont care

You should be the right person to bet for BTC against me...

How about:
- Will Bitstamp surpass its ATH of $1163/BTC in 2 months?

- If this price is breached, Goat wins.
- If not (until February 13th 24:00 UTC), rpietila wins.

Bet amount is $50,000, (odds 1:1) paid in bitcoins at the rate of the settlement date.

[Richy_T]

Everybody understands that *if* this maintains itself (or go better) next week will be rising like hell... right?

No. Math says that it takes 10x more everything to make the price rise from 10x higher level.

We do not have 10 times more anything, compared to last summer. 5 times we have, so the price is overvalued by a factor of 2, and will go down -50%.

I have thousands of lines of research on the subject but nobody reads it anyway so why even post...

Profoundly incorrect.

lrn2pricediscovery

+1

[vdcc]

I really believe that Risto is seriously trolling in here. It's virtually IMPOSSIBLE to predict ANYTHING for sure into such a system like BTC. A serious prediction of ANY chaotic system (not one like we're observing here, which may as well be the mother of all chaotic systems) would have been in the timeframe of minutes or hours at max, not days; nor weeks.

I'm interested in short-term predictions, like for next hour or so

[TERA]

 

[rpietila]

Of course with China anything is possible, we can all be wrong, and nobody knows what's going to happen. They have messed up all our TA and seem to have their own TA like 'the book of the path of the dragon'.

The Chinese dragon is ripping the faces off a few bears at the moment.

Yeah, one more % and it has regained all the losses of the last 12 hours. Yawn....

[Nemo1024]

Depends on the odds. But most likely reptila can calculate them to his advantage. Too much math for me.  

I'm good at math, trends also. But wouldn't bet on either way. Risto has the ability to lose and laugh about it; I don't.

Everybody understands that *if* this maintains itself (or go better) next week will be rising like hell... right?

No. Math says that it takes 10x more everything to make the price rise from 10x higher level.

We do not have 10 times more anything, compared to last summer. 5 times we have, so the price is overvalued by a factor of 2, and will go down -50%.

I have thousands of lines of research on the subject but nobody reads it anyway so why even post...

I'd like to take a peek if you don't mind... ?

Me too!

Oh, and I am off to bed. Good late night from Europe. Please behave yourselves.

[macsga]

Everybody understands that *if* this maintains itself (or go better) next week will be rising like hell... right?

No. Math says that it takes 10x more everything to make the price rise from 10x higher level.

We do not have 10 times more anything, compared to last summer. 5 times we have, so the price is overvalued by a factor of 2, and will go down -50%.

I have thousands of lines of research on the subject but nobody reads it anyway so why even post...

Profoundly incorrect.

lrn2pricediscovery

I really believe that Risto is seriously trolling in here. It's virtually IMPOSSIBLE to predict ANYTHING for sure into such a system like BTC. A serious prediction of ANY chaotic system (not one like we're observing here, which may as well be the mother of all chaotic systems) would have been in the timeframe of minutes or hours at max, not days; nor weeks.

ANY data provided and calculated may as well be proved as right, also as wrong. If he managed to make it based onto his calculations it's good for him and may as well define a brand new IQ entity by himself. I seriously salute him! But I don't think he did it only because of them. Luck is a special and important factor in this.

Just saying (if you want theoretical proof I can also support what I've just typed).

Again: system dynamics DOES have approaches for things like Bitcoin, where the model is simply of questionable accuracy instead of completely worthless.

True story. +1

[Vycid]

 

[virtualfaqs]

Everybody understands that *if* this maintains itself (or go better) next week will be rising like hell... right?

No. Math says that it takes 10x more everything to make the price rise from 10x higher level.

We do not have 10 times more anything, compared to last summer. 5 times we have, so the price is overvalued by a factor of 2, and will go down -50%.

I have thousands of lines of research on the subject but nobody reads it anyway so why even post...

But this is btc:-D

Btc dont care

You should be the right person to bet for BTC against me...

How about:
- Will Bitstamp surpass its ATH of $1163/BTC in 2 months?

- If this price is breached, Goat wins.
- If not (until February 13th 24:00 UTC), rpietila wins.

Bet amount is $50,000, (odds 1:1) paid in bitcoins at the rate of the settlement date.

24:00 UTC is a confusing time. Say 23:59 UTC.

[adamstgBit]

PEOPLE!
What are you talking about? We're missing the subject here... which is:


 

[macsga]

PEOPLE!
What are you talking about? We're missing the subject here... which is:


 

YEAH BABY!!!
CHOO CHOO!!!

[rpietila]

I really believe that Risto is seriously trolling in here. It's virtually IMPOSSIBLE to predict ANYTHING for sure into such a system like BTC. A serious prediction of ANY chaotic system (not one like we're observing here, which may as well be the mother of all chaotic systems) would have been in the timeframe of minutes or hours at max, not days; nor weeks.

I'm interested in short-term predictions, like for next hour or so

Just like, in between 21:25-22:15 UTC, the price went up by 1% with high volume. I told before, in this very thread. Why did you not piggyback that one?

[macsga]

Just like, in between 21:25-22:15 UTC, the price went up by 1% with high volume. I told before, in this very thread. Why did you not piggyback that one?

Seriously now: What percentage of certainty your model describes? Will it be 100% sure that what you're going to predict will actually be like that?

[Vycid]

CHUGGA CHUGGA

TOOT TOOT

STAY CLEAR OF THE TRACKS
PRICE DISCOVERY IN PROGRESS

[virtualfaqs]

Everybody understands that *if* this maintains itself (or go better) next week will be rising like hell... right?

No. Math says that it takes 10x more everything to make the price rise from 10x higher level.

We do not have 10 times more anything, compared to last summer. 5 times we have, so the price is overvalued by a factor of 2, and will go down -50%.

I have thousands of lines of research on the subject but nobody reads it anyway so why even post...

But this is btc:-D

Btc dont care

You should be the right person to bet for BTC against me...

How about:
- Will Bitstamp surpass its ATH of $1163/BTC in 2 months?

- If this price is breached, Goat wins.
- If not (until February 13th 24:00 UTC), rpietila wins.

Bet amount is $50,000, (odds 1:1) paid in bitcoins at the rate of the settlement date.

24:00 UTC is a confusing time. Say 23:59 UTC.

Also couldn't Goat just buy up to $1163/BTC and then just sell again. Would only lose transaction fees to win $50K. But I suppose you could set up sell orders to stop him from winning the bet.

[adamstgBit]