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

[JayJuanGee]

http://www.btcpredictions.com/NewPredictor.php

We 720 soon?

That is a very interesting site.  I had NOT previously seen it. 

The data seems to be inconsistent between clicking on the beta predictor and the other 24 hour, 5 day and 20 day charts.... I mean the beta live version seems to be a bit more bullish than the non-live version.  In this regard, the live version predicts mid-$700s in the coming 24 hours; while the non-live versions predicts lower $700s in the coming 24 hours (though granted, the NON-live version seems to update on the hour, so seems to have NOT yet accounted for the price spike that occurred within the last hour).   


The developer, Kevin asserts that short -term predictions are likely more accurate than long-term predictions, so long as there are NO major news events affecting the prediction outcomes.  And, the algorithm seems to be based on historical performance, which we likely know is NOT necessarily a good predictor of future performance.

Further, his 20-day prediction seems to place BTC prices in the $300 to $400 territory, which seems very bearish and failing to take into account that BTC has been in a down trend for more than 6 months, which will more likely cause BTC prices to go up from here (our current price-point) rather than going down from here.  I could NOT really gather from the website how he came to what seems to be a hair-brained idea that BTC prices are going to plummet anywhere below $600 in the coming month.  Seems highly unlikely given the pent-up at-the-moment BTC situation.

NONETHELESS, I do like the concept of the site, if he is able to take into account more variables, then maybe the predictive aspect (especially longer term) may improve both long-term and short-term prediction(s).

[roslinpl]

looks like tomorrow we will hit $730 with no problem Mark my words!

Do not jinx it. Remember yesterday?

"Ohhh $800 by tommorow."

*DUMP DUMP DUMP*

back at $620.

Perhaps you are right but I always believe my predictions if they are saying me that price will go UP
I am kinda bullish thinker about bitcoin price

But I do agree - 80% of my predictions were far missed from the truth

[Gingermod]

http://www.btcpredictions.com/NewPredictor.php

We 720 soon?

That is a very interesting site.  I had NOT previously seen it. 

The data seems to be inconsistent between clicking on the beta predictor and the other 24 hour, 5 day and 20 day charts.... I mean the beta live version seems to be a bit more bullish than the non-live version.  In this regard, the live version predicts mid-$700s in the coming 24 hours; while the non-live versions predicts lower $700s in the coming 24 hours (though granted, the NON-live version seems to update on the hour, so seems to have NOT yet accounted for the price spike that occurred within the last hour).   


The developer, Kevin asserts that short -term predictions are likely more accurate than long-term predictions, so long as there are NO major news events affecting the prediction outcomes.  And, the algorithm seems to be based on historical performance, which we likely know is NOT necessarily a good predictor of future performance.

Further, his 20-day prediction seems to place BTC prices in the $300 to $400 territory, which seems very bearish and failing to take into account that BTC has been in a down trend for more than 6 months, which will more likely cause BTC prices to go up from here (our current price-point) rather than going down from here.  I could NOT really gather from the website how he came to what seems to be a hair-brained idea that BTC prices are going to plummet anywhere below $600 in the coming month.  Seems highly unlikely given the pent-up at-the-moment BTC situation.

NONETHELESS, I do like the concept of the site, if he is able to take into account more variables, then maybe the predictive aspect (especially longer term) may improve both long-term and short-term prediction(s).

historical performance has been a great predictor

[BBmodBB]

I am willing to say that I am on the edge of being officially bullish on this market.

It looks as if fresh fiat is coming into the bitcoin exchanges.

If this is correct, then 340 was the low and we will be coiling up for a major move sometime before the end of 2014.

The jury is still out on this one, but if we break 680 with ease in the next day or so and continue to rally up and consolidate at highs, then I will expect ATH before <$340

you are not hearing my survivalist peeps keep talking about July 1st !!!!

;-)

$900 test in the cards here imo

[ChrisML]

4100 huobi

[Ivanhoe]

Weekly MACD about to turn green as well.

[JimboToronto]

looks like tomorrow we will hit $730 with no problem Mark my words!

Do not jinx it. Remember yesterday?

"Ohhh $800 by tommorow."

*DUMP DUMP DUMP*

back at $620.

Let's break that jinx with an anti moon-train image:



 

[edwardspitz]

http://www.btcpredictions.com/NewPredictor.php

We 720 soon?

That is a very interesting site.  I had NOT previously seen it.  

The data seems to be inconsistent between clicking on the beta predictor and the other 24 hour, 5 day and 20 day charts.... I mean the beta live version seems to be a bit more bullish than the non-live version.  In this regard, the live version predicts mid-$700s in the coming 24 hours; while the non-live versions predicts lower $700s in the coming 24 hours (though granted, the NON-live version seems to update on the hour, so seems to have NOT yet accounted for the price spike that occurred within the last hour).    


The developer, Kevin asserts that short -term predictions are likely more accurate than long-term predictions, so long as there are NO major news events affecting the prediction outcomes.  And, the algorithm seems to be based on historical performance, which we likely know is NOT necessarily a good predictor of future performance.

Further, his 20-day prediction seems to place BTC prices in the $300 to $400 territory, which seems very bearish and failing to take into account that BTC has been in a down trend for more than 6 months, which will more likely cause BTC prices to go up from here (our current price-point) rather than going down from here.  I could NOT really gather from the website how he came to what seems to be a hair-brained idea that BTC prices are going to plummet anywhere below $600 in the coming month.  Seems highly unlikely given the pent-up at-the-moment BTC situation.

NONETHELESS, I do like the concept of the site, if he is able to take into account more variables, then maybe the predictive aspect (especially longer term) may improve both long-term and short-term prediction(s).

It predicted this for my birthday:


I was sorely disappointed that it didn't come true  

[ChrisML]

Why is BTC-E so far behind... yesterday they were $10 behind.. now over $20!!!

[David M]

Seems a strange route to take to get to $10

LOL. 

Up is the new down.

[ChrisML]

Biiiiig green candle on Huobi.

[Gingermod]

Why is BTC-E so far behind... yesterday they were $10 behind.. now over $20!!!

BTC-E is always behind, stop asking

[gentlemand]

Seems a strange route to take to get to $10

We're gonna milk it until the last minute just to make him sweat.

[Gingermod]

I believe another 10 dollar push is incoming

[ChartBuddy]

Explanation

[shmadz]

ok, like WTF just happened,

I just got home from work and I'm really starting to wonder if my job is not costing me more in lost opportunity than it provides in stability...

[YipYip]

4100 huobi

DOwn we go now back to 666

[rafamadeira]

breaking $1000 until 15th, keep shinning!

[keithers]

4100 huobi

DOwn we go now back to 666

Yes, but $666 is still super solid in comparison to where we have been in the last 1.5 months (even longer).   You have to admit that slower growth is better (despite skyrocket being much more exciting)...

[Krabby]

:c dump