SheHadMANHands
Legendary
Offline
Activity: 1168
Merit: 1000
|
|
December 09, 2013, 12:17:09 AM |
|
when we bubble again, it will not drop anywhere near $800. Yea, that's a little low, it shouldn't fall much past double the previous bubble's high. buy now and put your coins in cold storage, in all previous bubbles, the only people who lost money were those who sold
You're preaching to the choir, bro. oh wow... chills..
|
|
|
|
tHash
|
|
December 09, 2013, 12:17:36 AM |
|
buy now and put your coins in cold storage, in all previous bubbles, the only people who lost money were those who sold
You're preaching to the choir, bro. That bit was for ibrahim11 . . .
|
|
|
|
CMMPro
|
|
December 09, 2013, 12:24:55 AM |
|
You guys are all arguing about the fib numbers...
High 1242 Low 212 L1 0.00% 1242.0 L2 38.20% 848.5 L3 50.00% 727.0 L4 61.80% 605.5 L5 76.40% 455.1 L6 100.00% 212.0
|
|
|
|
CryptStorm
|
|
December 09, 2013, 12:25:47 AM Last edit: December 09, 2013, 01:11:43 AM by CryptStorm |
|
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 XBT is fitting the more horizontal portion nicely... so far.
|
|
|
|
CMMPro
|
|
December 09, 2013, 12:28:39 AM |
|
What is XRP? Is that what we are calling it lately?
No XBT anymore?
|
|
|
|
SheHadMANHands
Legendary
Offline
Activity: 1168
Merit: 1000
|
|
December 09, 2013, 12:29:19 AM |
|
What is XRP? Is that what we are calling it lately?
No XBT anymore?
Ripple I believe.
|
|
|
|
CMMPro
|
|
December 09, 2013, 12:30:22 AM |
|
Who gives a shit about Ripple? Why are we even discussing that in here?
|
|
|
|
slakeco
Newbie
Offline
Activity: 48
Merit: 0
|
|
December 09, 2013, 12:31:27 AM |
|
anyone just buy in the last hour over $800? If so, how are you feeling?
|
|
|
|
Davyd05
|
|
December 09, 2013, 12:34:26 AM |
|
I think what really happening is the exchange would prefer to let China ride the top for the next while
|
|
|
|
thoughtfan
|
|
December 09, 2013, 12:35:29 AM |
|
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!
|
|
|
|
Davyd05
|
|
December 09, 2013, 12:36:54 AM |
|
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.
|
|
|
|
jonoiv
|
|
December 09, 2013, 12:38:36 AM |
|
Could someone explain in simpleton terms this type of chart please. I have seen it 100's of times but never understood it.
|
|
|
|
Davyd05
|
|
December 09, 2013, 12:39:06 AM |
|
Could someone explain in simpleton terms this type of chart please. I have seen it 100's of times but never understood it. bid and ask depth of an exchange
|
|
|
|
gandhibt
|
|
December 09, 2013, 12:41:25 AM |
|
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. 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
|
|
|
|
jonoiv
|
|
December 09, 2013, 12:43:14 AM |
|
Could someone explain in simpleton terms this type of chart please. I have seen it 100's of times but never understood it. bid and ask depth of an exchange Thank You! So from the chart it means there are more people waiting to sell above the current price than there are people wanting to buy below the current price? Is the chart Gox or another exchange ?
|
|
|
|
Spaceman_Spiff
Legendary
Offline
Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
|
|
December 09, 2013, 12:44:03 AM |
|
bid and ask depth of an exchange
Thank You! So from the chart it means there are more people waiting to sell above the current price than there are people wanting to buy below the current price? Is the chart Gox or another exchange ? gox
|
|
|
|
Davyd05
|
|
December 09, 2013, 12:46:18 AM |
|
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. 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 lost about as much as I was up a week ago.. a week from now it can all change.. I don't lose till I sell derP? Not debating that I lost if I sold now and they would lose if they bought back in now. It's the mentality that these bears are pushing SELL NOW CAUSE WERE GOING DOWN, DOWN, DOWN which if it catches on happens.. all the while strong hands and China are buying these coins as well as any bear who sold from 1200-850 even.. why line their pockets with fiat and btc. I am not against anyone who took profits at the higher prices, I think they made the right call. Just its not helping to spread the late panic logic after the real money has been made by those on the ball
|
|
|
|
NewLiberty
Legendary
Offline
Activity: 1204
Merit: 1002
Gresham's Lawyer
|
|
December 09, 2013, 12:58:10 AM |
|
We're all gonna die! On another note, I chopped down a tree this morning, well chainsawed it anyway. Was indeed fun. I don't think a lot of those that expect a crash greater than 61.8% understand the sheer amount of money that was and is still coming in. Over 225 Million dollars has changed hands in the last three days alone, just on Mt. Gox along with 2.25 Billion Yuan (~367,000,000 USD) on BTC China.
Every time in the last 5 months this happened, it marked a local bottom
|
|
|
|
ChartBuddy
Legendary
Offline
Activity: 2338
Merit: 1802
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
|
December 09, 2013, 01:01:47 AM |
|
|
|
|
|
slakeco
Newbie
Offline
Activity: 48
Merit: 0
|
|
December 09, 2013, 01:04:25 AM |
|
looks like a couple of whales trying to keep prices down on gox.
|
|
|
|
|