phoenix1
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 05, 2013, 03:47:32 PM |
|
GUYS,GUYS, you're missing the action ... we just made a new 24 hour high ... 122.1 ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif) The rally is ON ! EDIT ... 122.5 !! Let's talk about math, baby Let's talk about math, baby Lets talk about all the good and all the bad trigonometry
|
|
|
|
nmersulypnem
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 05, 2013, 03:48:48 PM |
|
GUYS,GUYS, you're missing the action ... we just made a new 24 hour high ... 122.1 ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif) The rally is ON ! someone gobbled up 1100 btc from 121.5 -> 122.5
|
|
|
|
sarc
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 98
Merit: 10
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 05, 2013, 03:49:30 PM |
|
log_(n)(x) and log_(n)(x+1) are of course not the same. If sarc stated that, he was wrong. Funny enough, for his results it shouldn't really matter much, the difference will be minimal I think.
It would have quite an effect when the price was really low (think around $0.1) [snip] Valid point. I forgot that trading started below 1 USD. Anyway, to make it a bit more interesting for the general population of this thread, summary time! (1) sarc's exact modelling techniques aside, the graph he posted is not entirely different from similar results that have been posted before. sarc's regression analysis sees the price below 30 USD right now (correct me I'm wrong, please), while the others had us in the realm of 50 USD (does anybody have a link to one of those?). (2) regression analysis is a well-founded statistical technique, but by no means guaranteed to accurately predict the future price. (2) Math is hard. Let's go shopping. I prefer people summarising my efforts to use more positive superlatives, but ok.
|
|
|
|
Cablez
Legendary
Offline
Activity: 1400
Merit: 1000
I owe my soul to the Bitcoin code...
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 05, 2013, 03:49:45 PM |
|
GUYS,GUYS, you're missing the action ... we just made a new 24 hour high ... 122.1 ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif) The rally is ON ! No wait........Sell Sell Sell.
|
|
|
|
Miz4r
Legendary
Offline
Activity: 1246
Merit: 1000
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 05, 2013, 03:51:24 PM |
|
GUYS,GUYS, you're missing the action ... we just made a new 24 hour high ... 122.1 ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif) The rally is ON ! Omg this is crazy! I can see a new bubble forming already. ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif)
|
|
|
|
oda.krell
Legendary
Offline
Activity: 1470
Merit: 1007
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 05, 2013, 03:54:54 PM |
|
I prefer people summarising my efforts to use more positive superlatives, but ok.
Hey, it was your choice to enter academia, now you gotta deal with peer review.
|
|
|
|
|
MickeyT2008
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 350
Merit: 250
This account was recently hacked
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 05, 2013, 03:56:57 PM |
|
GUYS,GUYS, you're missing the action ... we just made a new 24 hour high ... 122.1 ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif) The rally is ON ! Omg this is crazy! I can see a new bubble forming already. ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) Maybe everything from the April crash onwards is just one huge bear trap and it'll be $10000 coins next week, lol! Maybe I should have Bugatti on speed dial just in case
|
|
|
|
phoenix1
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 05, 2013, 04:00:57 PM |
|
C'mon maths gurus ... which one of you finally ceded the point and decided the only thing to do was to buy more ? Which line or angle was the final straw ?
|
|
|
|
ChartBuddy
Legendary
Offline
Activity: 2268
Merit: 1792
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
![](https://bitcointalk.org/Themes/custom1/images/post/lamp.gif) |
June 05, 2013, 04:02:11 PM |
|
|
|
|
|
MelMan2002
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 05, 2013, 04:02:16 PM |
|
Hilarious that everyone gets their feathers ruffled over a "bearish" chart. I don't put a lot of stock in charts at this point in the game but it isn't like his was unique. blockchained.com has a line that puts it around $60 right now (we can ignore the bit about difficulty): ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fwww.blockchained.com%2Fchart_large_log.png&t=665&c=Ry3zJb8gQ3E-Cg)
|
|
|
|
lebing
Legendary
Offline
Activity: 1288
Merit: 1000
Enabling the maximal migration
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 05, 2013, 04:03:01 PM |
|
You guys are entirely too excited about a 1k buy. 6 months ago we used to piss 1k buys around here.
|
|
|
|
sarc
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 98
Merit: 10
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 05, 2013, 04:03:40 PM |
|
C'mon maths gurus ... which one of you finally ceded the point and decided the only thing to do was to buy more ? Which line or angle was the final straw ?
Do you want to see a pretty graph I drew?
|
|
|
|
phoenix1
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 05, 2013, 04:03:56 PM |
|
Hilarious that everyone gets their feathers ruffled over a "bearish" chart. I don't put a lot of stock in charts at this point in the game but it isn't like his was unique. blockchained.com has a line that puts it around $60 right now (we can ignore the bit about difficulty):
Based on what parameters hey ? What assumptions have you made ? How dare you ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif)
|
|
|
|
phoenix1
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 05, 2013, 04:05:12 PM |
|
You guys are entirely too excited about a 1k buy. 6 months ago we used to piss 1k buys around here.
lebing, we are taking the piss sarc ... it might the last one you draw
|
|
|
|
sarc
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 98
Merit: 10
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 05, 2013, 04:09:53 PM |
|
You guys are entirely too excited about a 1k buy. 6 months ago we used to piss 1k buys around here.
lebing, we are taking the piss sarc ... it might the last one you draw that sounds like fighting talk, just wait there while I grab my pencils.
|
|
|
|
oda.krell
Legendary
Offline
Activity: 1470
Merit: 1007
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 05, 2013, 04:16:53 PM |
|
Forget trend lines. They're bullshit anyway :3 This is what make me cautiously optimistic, for the coming days at least: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FW57yXec.png&t=665&c=lqnClJ3wyBk8NA) Then again, there's this: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FzgoniRd.png&t=665&c=YbJJ-ztg36nYRg)
|
|
|
|
michaelGedi
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 364
Merit: 250
"to be or not to be, that is the bitcoin"
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 05, 2013, 04:31:25 PM Last edit: June 05, 2013, 04:48:57 PM by michaelGedi |
|
there was a rather large buy on bitstamp recently as well, http://www.coinorama.net/#it took a chunk out of the ask walls. I've also noticed that the bid walls are starting to solidify gradually on bitstamp now... including a larger than normal one at 120 forcing people to buy above it, and a decent size amount of bids around 100 that started to grow after the flash crash/big sale the other day EDIT - can someone school me on what "chaikin money flow" measures? EDIT 2 - so I googled... so yeah basically we know that the large asks at bitstamp stemmed from around the time of the dwolla incident and the loss of confidence in mtgox' ability to transfer money easily internationally. We also know that this ask wall is in part due to the fact if you want to cash out, bitstamps SEPA transfers and fees are quicker and cheaper. This increased selling pressure is therefore totally understandable, but it seems to be gradually countered by increased bids... still massively outweighed by ask walls, but the ratio of money/coins on gox is still in gox favour.
|
|
|
|
billington.mark
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 05, 2013, 04:32:20 PM |
|
Forget trend lines. They're bullshit anyway :3 This is what make me cautiously optimistic, for the coming days at least: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FW57yXec.png&t=665&c=lqnClJ3wyBk8NA) Then again, there's this: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FzgoniRd.png&t=665&c=YbJJ-ztg36nYRg) Forgive my stupidity but could you expand on what that chart shows and how the highlighted parts have significance?
|
|
|
|
Miz4r
Legendary
Offline
Activity: 1246
Merit: 1000
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 05, 2013, 04:35:41 PM |
|
Why do things always have to look more bullish when my new fiat arrives? This way I can't buy at the dip. ![Sad](https://bitcointalk.org/Smileys/default/sad.gif)
|
|
|
|
|