rpietila
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Activity: 1722
Merit: 1036
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May 14, 2014, 06:27:05 PM |
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I predict a crash to $300-$350 in 7 days. Based on the remarkable similarities in these 2 charts: Double bottom at $2 in 2011.
Our progress so far in the bottoming process.Somebody with more visual tools could clarify and present the case. I will have to explain: 2011: - 3 RED weeks ending with a flashcrash to $4 - 2 GREEN weeks recovery - 4 RED weeks ending in a flashcrash to $2 - GREEN-RED-GREEN pattern in recovery - another flashcrash to $2.2014: - 4 RED weeks ending with a flashcrash to $400 - 2 GREEN weeks recovery - 4 RED weeks ending in a flashcrash to $340 - GREEN-2 REDS-GREEN pattern in recovery - ?(to be found out in 7 days....  ) I'd like to bet against your call, interested? He doesn't bet anything straight forward. You would have to give him odds, and even then good luck with clarifying whatever it is that the bet is supposed to be. Also, he will NOT bet for any less than 50BTC to make it worth his time.  The probability that the price would go that low inside 7 days has historically (2013-) been 7.2%. If I make such a call, I naturally have to give you better odds. How about double (14% == 7:1)?
Never mind. I don't have time for this. Also this is getting stupid. I expected a little bit interest at least. This chart shows that the double bottom turns to an uptrend that will take us to the price level prevalent before the first flashcrash (in 2014's case 650, prior to dipping to 400 in 2014-2-25). This will happen slowly but steadily during 7 weeks. TL; DR: We are at 650 in the beginning of July, 2014. |
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spooderman
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Activity: 1638
Merit: 1022
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May 14, 2014, 06:39:51 PM |
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We've been bullish since about may 4th, with one dump ruining it.
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JayJuanGee
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Activity: 3724
Merit: 10284
Self-Custody is a right. Say no to"Non-custodial"
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May 14, 2014, 06:39:53 PM |
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I predict a crash to $300-$350 in 7 days. Based on the remarkable similarities in these 2 charts: Double bottom at $2 in 2011.
Our progress so far in the bottoming process.Somebody with more visual tools could clarify and present the case. I will have to explain: 2011: - 3 RED weeks ending with a flashcrash to $4 - 2 GREEN weeks recovery - 4 RED weeks ending in a flashcrash to $2 - GREEN-RED-GREEN pattern in recovery - another flashcrash to $2.2014: - 4 RED weeks ending with a flashcrash to $400 - 2 GREEN weeks recovery - 4 RED weeks ending in a flashcrash to $340 - GREEN-2 REDS-GREEN pattern in recovery - ?(to be found out in 7 days.... ) I'd like to bet against your call, interested? He doesn't bet anything straight forward. You would have to give him odds, and even then good luck with clarifying whatever it is that the bet is supposed to be. Also, he will NOT bet for any less than 50BTC to make it worth his time. The probability that the price would go that low inside 7 days has historically (2013-) been 7.2%. If I make such a call, I naturally have to give you better odds. How about double (14% == 7:1)?
Never mind. I don't have time for this. Also this is getting stupid. I expected a little bit interest at least. This chart shows that the double bottom turns to an uptrend that will take us to the price level prevalent before the first flashcrash (in 2014's case 650, prior to dipping to 400 in 2014-2-25). This will happen slowly but steadily during 7 weeks. TL; DR: We are at 650 in the beginning of July, 2014.WOW!!! your response is much more straight forward than I expected. In essence, you are predicting a 7.2% chance that within the next 7 days BTC prices will go to $300-$350. Your original statement made it seem like you were predicting more likely than NOT that we were going to see BTC prices in the $300-$350 range in the next 7 days......anyhow, I feel better now that I realize the odds are less than 1/10. Accordingly, I am NOT going to sell any BTC on those kinds of odds. Im gonna HODL, HODL, HODL. |
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adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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May 14, 2014, 06:43:03 PM |
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even if the chances were 100%  |
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ChrisML
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May 14, 2014, 06:47:02 PM |
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Fuck yes. About time we got some good news. |
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adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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May 14, 2014, 06:48:44 PM |
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fuck hodling
BUY!
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hdbuck
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Activity: 1260
Merit: 1002
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May 14, 2014, 06:48:58 PM |
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Fuck yes. About time we got some good news. hurrayyyy  |
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rpietila
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Activity: 1722
Merit: 1036
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May 14, 2014, 06:51:57 PM |
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fuck hodling
BUY!
Yes. But only next week. Remember the charts. |
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bigdave
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May 14, 2014, 06:52:28 PM |
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What about the "fall out" that is supposed to happen May 15 once the banks stop bitcoin transactions? Technically it is already May 15 in China.
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MNDan
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May 14, 2014, 06:55:26 PM |
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Is this really a good thing? I'm guessing that if PayPal starts accepting Bitcoins, they will STILL take their 3% from the seller. The dream of Bitcoin is that we don't NEED PayPal anymore. |
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niothor
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May 14, 2014, 06:56:44 PM |
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fuck hodling
BUY!
Yes. But only next week. Remember the charts. Charts? What charts? If paypal makes this move charts would be useless. Is this really a good thing? I'm guessing that if PayPal starts accepting Bitcoins, they will STILL take their 3% from the seller. The dream of Bitcoin is that we don't NEED PayPal anymore. Then why do we have bitpay in the first place? A little competition is not that bad at all  |
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ChartBuddy
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Activity: 2184
Merit: 1778
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 14, 2014, 07:00:49 PM |
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Walsoraj
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May 14, 2014, 07:02:18 PM |
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Very few are going to buy bitcoin so they can use it with eBay. This integration will cause nothing but increased selling pressure on exchanges.
Bearish news imo.
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niothor
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May 14, 2014, 07:03:38 PM |
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Very few are going to buy bitcoin so they can use it with eBay. This integration will cause nothing but increased selling pressure on exchanges.
Bearish news imo.
So , if all merchants stop accepting BTC , price will skyrocket Sorry , but I had to quote him |
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Mythul
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May 14, 2014, 07:10:06 PM |
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BTC + eBay => Going to Pluto next week.
This is the last time we will see the 400s.
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rpietila
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Activity: 1722
Merit: 1036
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May 14, 2014, 07:10:59 PM |
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What about the "fall out" that is supposed to happen May 15 once the banks stop bitcoin transactions? Technically it is already May 15 in China.
That would coincide with the final bottom that I just predicted from the charts. (Did not know about china,cause I don't want news to affect my judgement) Time to open Bitfinex then.. <puts on the battle-worn armor> |
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niothor
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May 14, 2014, 07:11:46 PM |
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BTC + eBay => Going to Pluto next week.
This is the last time we will see the 400s.
Will see 400 again on the October 1 , when China will ban bitcoin once more for their parade. |
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Erdogan
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Activity: 1512
Merit: 1005
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May 14, 2014, 07:20:17 PM |
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Very few are going to buy bitcoin so they can use it with eBay. This integration will cause nothing but increased selling pressure on exchanges.
Bearish news imo.
So , if all merchants stop accepting BTC , price will skyrocket Sorry , but I had to quote him It seems everything Walsoraj says is either backwards, or on it's head. |
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ZephramC
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May 14, 2014, 07:22:48 PM |
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So are we going to final bottom around $370 next week or not?
Hmm, 300-350 rpietila says, in 7 days he says. Lets see. |
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pandacoin
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Activity: 1554
Merit: 1000
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May 14, 2014, 07:23:52 PM |
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Good news are coming. I respect rpietila, so maybe we can see a flashcrash, but future is bright definitely.
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