BitAddict
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Activity: 1190
Merit: 1001
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November 02, 2014, 06:20:28 PM |
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"For anyone complaining about the current price of bitcoin, remember it has more than doubled over the last 12 months."
~Bitcoin Jesus Oct 5th.
6 days and it will be outdated if we keep at $325. Now they will need to start comparing with 2 years ago.
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janos666
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November 02, 2014, 06:30:08 PM |
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"For anyone complaining about the current price of bitcoin, remember it has more than doubled over the last 12 months."
~Bitcoin Jesus Oct 5th.
6 days and it will be outdated if we keep at $325. Now they will need to start comparing with 2 years ago.Haha, good one.
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Tzupy
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Activity: 2156
Merit: 1094
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November 02, 2014, 06:39:40 PM |
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4h MACD suggests sideways or slow up for the next 24h, after that will come an inflection point.
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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November 02, 2014, 07:00:27 PM |
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Wary
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November 02, 2014, 07:16:20 PM |
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4h MACD suggests sideways or slow up for the next 24h, after that will come an inflection point.
Is there any reason to use 4h, rather than some other timeframe?
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Tzupy
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Activity: 2156
Merit: 1094
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November 02, 2014, 07:22:56 PM |
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4h MACD suggests sideways or slow up for the next 24h, after that will come an inflection point.
Is there any reason to use 4h, rather than some other timeframe? Only that during the last couple of weeks it was a relatively reliable indicator (compared with other time frames).
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Erdogan
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Merit: 1005
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November 02, 2014, 07:40:26 PM |
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Price goes down very slowly... hope that something happen and price will rise up because price is too much low now Don't worry. It'll go up eventually and when it does you'll be smiling you 'survived' this bearmarket. Even all the trolls in here want it to go up once they buy in. They just don't want you to know. Why will it eventually go up? Why do so many here act like that is a fact, like it's guaranteed. You should have learnt by now. Anyway, here is one argument: Generally, money value flows to the most liquid money type, if everything else is equal. It's not, fiat like USD is currently better in that it is accepted everywhere, or said otherwise, it is more easy to convert USD to something else of value, than bitcoin. Despite this, value flows from USD to bitcoin, increasing value of bitcoin and reducing (currently marginally) that of USD. The effect of this flow is that afterwards, bitcoin has gained usefulness, meaning that next year (month, day), the flow is enforced. The end game is that bitcoin takes over all value. It is the only possible outcome.
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NotLambchop
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November 02, 2014, 07:44:41 PM |
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Price goes down very slowly... hope that something happen and price will rise up because price is too much low now Don't worry. It'll go up eventually and when it does you'll be smiling you 'survived' this bearmarket. Even all the trolls in here want it to go up once they buy in. They just don't want you to know. Why will it eventually go up? Why do so many here act like that is a fact, like it's guaranteed. You should have learnt by now. Anyway, here is one argument: Generally, money value flows to the most liquid money type, if everything else is equal. It's not, fiat like USD is currently better in that it is accepted everywhere, or said otherwise, it is more easy to convert USD to something else of value, than bitcoin. Despite this, value flows from USD to bitcoin, increasing value of bitcoin and reducing (currently marginally) that of USD. The effect of this flow is that afterwards, bitcoin has gained usefulness, meaning that next year (month, day), the flow is enforced. The end game is that bitcoin takes over all value. It is the only possible outcome. Other than that throughout 2014, the flow has been from BTC to USD, you got a solid argument there
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ravenjt
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November 02, 2014, 07:50:17 PM |
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It is the only possible outcome.
!!!
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Erdogan
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Activity: 1512
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November 02, 2014, 07:51:18 PM |
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Price goes down very slowly... hope that something happen and price will rise up because price is too much low now Don't worry. It'll go up eventually and when it does you'll be smiling you 'survived' this bearmarket. Even all the trolls in here want it to go up once they buy in. They just don't want you to know. Why will it eventually go up? Why do so many here act like that is a fact, like it's guaranteed. You should have learnt by now. Anyway, here is one argument: Generally, money value flows to the most liquid money type, if everything else is equal. It's not, fiat like USD is currently better in that it is accepted everywhere, or said otherwise, it is more easy to convert USD to something else of value, than bitcoin. Despite this, value flows from USD to bitcoin, increasing value of bitcoin and reducing (currently marginally) that of USD. The effect of this flow is that afterwards, bitcoin has gained usefulness, meaning that next year (month, day), the flow is enforced. The end game is that bitcoin takes over all value. It is the only possible outcome. Other than that throughout 2014, the flow has been from BTC to USD, you got a solid argument there You can not say it has gone up or down unless you at the same time choose a timeframe. You could easily select two year's timeframe. Going down this year is annoying, but it does not change the big picture.
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Erdogan
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November 02, 2014, 07:52:47 PM |
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It is the only possible outcome.
!!! Yep, three exclamation marks, that is what an event of biblical proportions mean. You could also say !!!!!!.
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ravenjt
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November 02, 2014, 07:54:16 PM |
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Erdogan you have just stated that bitcoin going to da moon is the only possible outcome. You are delusional.
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grappa_barricata
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Activity: 154
Merit: 100
playing pasta and eating mandolinos
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November 02, 2014, 07:57:11 PM |
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if it break 300 we'll not come back up that fast this time
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BlindMayorBitcorn
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Activity: 1260
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November 02, 2014, 07:58:04 PM |
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We lose $100 million in market cap every day. How long can this continue.
Rhetorical Question
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ChartBuddy
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Activity: 2324
Merit: 1801
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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November 02, 2014, 08:00:27 PM |
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conspirosphere.tk
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Activity: 2352
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Bitcoin is antisemitic
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November 02, 2014, 08:03:57 PM |
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The end game is that bitcoin takes over all value. It is the only possible outcome.
of course. Either that or we become a gambling suicidal cult. In any case we have a logical solution. edit:
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NotLambchop
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November 02, 2014, 08:09:00 PM |
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Price goes down very slowly... hope that something happen and price will rise up because price is too much low now Don't worry. It'll go up eventually and when it does you'll be smiling you 'survived' this bearmarket. Even all the trolls in here want it to go up once they buy in. They just don't want you to know. Why will it eventually go up? Why do so many here act like that is a fact, like it's guaranteed. You should have learnt by now. Anyway, here is one argument: Generally, money value flows to the most liquid money type, if everything else is equal. It's not, fiat like USD is currently better in that it is accepted everywhere, or said otherwise, it is more easy to convert USD to something else of value, than bitcoin. Despite this, value flows from USD to bitcoin, increasing value of bitcoin and reducing (currently marginally) that of USD. The effect of this flow is that afterwards, bitcoin has gained usefulness, meaning that next year (month, day), the flow is enforced. The end game is that bitcoin takes over all value. It is the only possible outcome. Other than that throughout 2014, the flow has been from BTC to USD, you got a solid argument there You can not say it has gone up or down unless you at the same time choose a timeframe. You could easily select two year's timeframe. Going down this year is annoying, but it does not change the big picture. If you are suggesting that since its inception (when its price was exactly zero), BTC had nowhere to go but up, I agree with you. Buying it at zero would have been a no-brainer. If, OTOH, you are suggesting I pick a timeframe which better supports your argument, the begging question is "why"? According to your logic, the flow has been from USD->BTC. But... then it wasn't, for close to a year now. Explain this shit.
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Wandererfromthenorth
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November 02, 2014, 08:19:11 PM Last edit: November 02, 2014, 11:00:22 PM by Wandererfromthenorth |
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sideways
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bassclef
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November 02, 2014, 08:25:56 PM |
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Inca, what happened to your posts about how big money secretly is accumulating and all that other bullshit? Haven't seen any of those in a while.
Finally waking up from the fantasy?
We are clearly still in an accumulation/distribution phase. No secret about it. Just look at the 100 and 500 largest addresses and do some rudimentary analysis instead of trolling over day trading whipsaw noise. Accumulation/distribution happens in every market, even mature and highly liquid ones. With Bitcoin we see relatively short, heavy accumulation phases where the price sharply rises because demand is higher than supply, followed by longer distribution phases where the price falls because supply is greater than demand. These patterns happen on smaller timescales as well as larger. Check out Richard Wyckoff's work for more insight on how to time these cycles. The point is, during each trade there are two parties involved, one buying and one selling. During each accumulation, sellers are selling to the buyers at a premium, and during the distribution phase someone is buying all the sold coins at a discount. Distribution comes to an end when the sellers are exhausted and the buyers satisfied. Demand becomes greater than supply again, a bottom is formed, then a markup campaign begins and we do it all again.
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inca
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Activity: 1176
Merit: 1000
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November 02, 2014, 08:45:23 PM |
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Price goes down very slowly... hope that something happen and price will rise up because price is too much low now Don't worry. It'll go up eventually and when it does you'll be smiling you 'survived' this bearmarket. Even all the trolls in here want it to go up once they buy in. They just don't want you to know. Why will it eventually go up? Why do so many here act like that is a fact, like it's guaranteed. You should have learnt by now. Anyway, here is one argument: Generally, money value flows to the most liquid money type, if everything else is equal. It's not, fiat like USD is currently better in that it is accepted everywhere, or said otherwise, it is more easy to convert USD to something else of value, than bitcoin. Despite this, value flows from USD to bitcoin, increasing value of bitcoin and reducing (currently marginally) that of USD. The effect of this flow is that afterwards, bitcoin has gained usefulness, meaning that next year (month, day), the flow is enforced. The end game is that bitcoin takes over all value. It is the only possible outcome. Other than that throughout 2014, the flow has been from BTC to USD, you got a solid argument there You can not say it has gone up or down unless you at the same time choose a timeframe. You could easily select two year's timeframe. Going down this year is annoying, but it does not change the big picture. If you are suggesting that since its inception (when its price was exactly zero), BTC had nowhere to go but up, I agree with you. Buying it at zero would have been a no-brainer. If, OTOH, you are suggesting I pick a timeframe which better supports your argument, the begging question is "why"? According to your logic, the flow has been from USD->BTC. But... then it wasn't, for close to a year now. Explain this shit. To anyone who didnt buy in after the last run up the answer it pretty obvious. Zoom out on the price chart.
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