chessnut
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Activity: 924
Merit: 1001
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April 22, 2014, 09:34:31 AM |
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You're confused. I was simply comparing the 3 Day MACD going bullish to you going bearish.
you implied that the market was going to flip, and the market is going up. Im not going to turn bearish until 470 is broken, and even then, I am only looking to buy low. |
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fr33d0miz3r
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April 22, 2014, 09:39:39 AM |
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The king of all double tops   |
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strawbs
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Activity: 868
Merit: 1340
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April 22, 2014, 09:44:13 AM |
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Does this mean you're a prepper??? And why would preppers want bitcoins anyway?  |
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KeyserSoze
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April 22, 2014, 09:47:39 AM |
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Does this mean you're a prepper??? And why would preppers want bitcoins anyway? He's prepping for the failure of the prepping fad. |
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niothor
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April 22, 2014, 09:52:34 AM |
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My crystal ball says it's dumping time  Shroomshie... sometimes I have this urge of smashing your crystal ball to pieces.  )) I know why you post like that but lately I have the bad feeling people are getting influenced by you and take what you say literally as a sure prediction. And this just brings more bearish feelings into the game |
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TERA
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April 22, 2014, 09:53:19 AM |
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Non-pershable food is a great investment in any circumstance. It doesn't have to be a doomsday - it could just be a hurricane, a flood, or something like that. You could even take it camping. It will probably rise in value as a commodity. You could sell it. In a worst case scenario, if you never have the need to use it and can't sell it, you could still... eat it and save money over eating out.
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gizmoh
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Activity: 1428
Merit: 1000
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April 22, 2014, 09:54:17 AM |
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The king of all double tops It is confirmed, we are going DOWN. |
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niothor
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April 22, 2014, 09:59:13 AM |
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Non-pershable food is a great investment in any circumstance. It doesn't have to be a doomsday - it could just be a hurricane, a flood, or something like that. You could even take it camping. It will probably rise in value as a commodity. You could sell it. In a worst case scenario, if you never have the need to use it and can't sell it, you could still... eat it and save money over eating out.
In the worst case scenario the price of that stuff goes down and you eat canned corn at the price of macadamia nuts . |
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ChartBuddy
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Activity: 2212
Merit: 1779
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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April 22, 2014, 10:00:22 AM |
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ShroomsKit
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April 22, 2014, 10:09:15 AM |
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My crystal ball says it's dumping time Shroomshie... sometimes I have this urge of smashing your crystal ball to pieces. )) I know why you post like that but lately I have the bad feeling people are getting influenced by you and take what you say literally as a sure prediction. And this just brings more bearish feelings into the game Haha well if i don't even trade because i know how much i suck at predicting the market then i very much suggest nobody ever should trade based on my feelings. |
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rpietila
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Activity: 1722
Merit: 1036
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April 22, 2014, 10:20:37 AM |
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This is a very low R^2. You are predicting 5.7% of the outcome (possibly because bitcoin's walk is primarily random). So what this means is that all of your predictions will have huge error ranges. With a large error range you might predict a 10% gain on average, but actually it will range from -30% to 40% and may have only a 60% chance of being greater than zero.
If you don't believe me now because of a low R^2, why don't you believe the exponential trendline which has R^2 = 0.94? Yes, I know it's very low but in this kind of game where you can use leverage if you want etc., every edge is an opportunity. Unless it is purely random, which I don't believe. I intend to run the same analysis for different lengths of time, perhaps to find better results. One of the fascinating things about Bitcoin is that a random month is positive with 60% probability and only 40% is negative. I ran a similar test with weekly prices, and that gave the R^2 of only 0.017, which had no value. |
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rpietila
Donator
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Activity: 1722
Merit: 1036
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April 22, 2014, 10:25:12 AM |
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I feel like this market is being kept up by hoarding, not by buying. Its almost as if the resistance is coming from an unwillingness to sell more than anything.
Is this not an ultimate sign of a bottom? Price holding even if no fiat is coming? Bitcoin's price kept at $500 by the current adoption of 1 million people? No speculative premium? |
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fr33d0miz3r
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April 22, 2014, 10:26:48 AM |
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I feel like this market is being kept up by hoarding, not by buying. Its almost as if the resistance is coming from an unwillingness to sell more than anything.
Is this not an ultimate sign of a bottom? Price holding even if no fiat is coming? Bitcoin's price kept at $500 by the current adoption of 1 million people? No speculative premium? Holders are waiting for the price to go up. If the price doesn't go up, they will start dumping soon. |
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rpietila
Donator
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Activity: 1722
Merit: 1036
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April 22, 2014, 10:31:03 AM |
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I feel like this market is being kept up by hoarding, not by buying. Its almost as if the resistance is coming from an unwillingness to sell more than anything.
Is this not an ultimate sign of a bottom? Price holding even if no fiat is coming? Bitcoin's price kept at $500 by the current adoption of 1 million people? No speculative premium? Holders are waiting for the price to go up. If the price doesn't go up, they will start dumping soon. Haha You never thought that they might know better.. |
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fr33d0miz3r
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April 22, 2014, 10:33:54 AM |
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Haha You never thought that they might know better.. I just know what they want |
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TERA
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April 22, 2014, 10:37:25 AM |
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I feel like this market is being kept up by hoarding, not by buying. Its almost as if the resistance is coming from an unwillingness to sell more than anything.
Is this not an ultimate sign of a bottom? Price holding even if no fiat is coming? Bitcoin's price kept at $500 by the current adoption of 1 million people? No speculative premium? I think your 1 million people wallets figure is irrelevant in that we still have this figure in which 90% of bitcoins are held by 500 or so people. |
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fr33d0miz3r
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April 22, 2014, 10:42:55 AM |
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I think your 1 million people wallets figure is irrelevant in that we still have this figure in which 90% of bitcoins are held by 500 or so people.
+1 |
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chessnut
Legendary
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Activity: 924
Merit: 1001
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April 22, 2014, 10:43:43 AM |
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ugh these bear jokers fizzle up so quick at the 3100 floor. wedge in place, no market drive, trend probably to resume (up) when chinese go to sleep and bitcoin is still not banned   |
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fr33d0miz3r
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April 22, 2014, 10:49:04 AM |
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ugh these bear jokers fizzle up so quick at the 3100 floor. wedge in place, no market drive, trend probably to resume (up) when chinese go to sleep and bitcoin is still not banned I will come to China and ban Bitcoin there |
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TERA
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April 22, 2014, 10:51:11 AM |
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How many of the recently announced bank account closures have actually been removed from the exchanges' deposit options?
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Poll
