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

[podyx]

2014-06-05: 660 USD/BTC
2014-11-05: 330 USD/BTC
2015-04-05:

2012-11-05:   10 USD/BTC
2013-11-05: 244 USD/BTC
2014-11-05: 330 USD/BTC
2015-11-05:      

 

Should we fit a parabola through those three points, and see what it predicts?  

I'd like to see a parabola fit through these 3 points, my brain says it can't be done with a parabola.
More likely to fit a Gaussian distribution.

I had this software opened, so I couldn't resist.

img]http://i1266.photobucket.com/albums/jj537/equatorius/funnybtcchart2.png[/img]

P.S: The green is actually the real thing. And it's scary as f¤ck! (If you want higher prices, that is...)

What does it mean??

[Tzupy]

...
I'd like to see a parabola fit through these 3 points, my brain says it can't be done with a parabola.
More likely to fit a Gaussian distribution.

I had this software opened, so I couldn't resist.



P.S: The green is actually the real thing. And it's scary as f¤ck! (If you want higher prices, that is...)

OK, I thought of a classical parabola function. And no it can't be that bearish as the green line.



PS@podyx: the green line would mean that the upwards potential is rubbish, and I don't think so.

[oda.krell]

2014-06-05: 660 USD/BTC
2014-11-05: 330 USD/BTC
2015-04-05:

2012-11-05:   10 USD/BTC
2013-11-05: 244 USD/BTC
2014-11-05: 330 USD/BTC
2015-11-05:      

 

Should we fit a parabola through those three points, and see what it predicts? 

Using all available data points and fitting a loglinear model to them: "Unjustified extrapolation! Look at the worldcom stock!"

Using 3 cherry picked data points and fitting a parabola to them: "Sounds about right. ScumbagSteve.jpg"

[NotLambchop]

Good morning gentlemen!
What's the accepted backstory for today's meteoric rise?

You're probably not really interested in an answer, but at least part of the reason is probably...

The relevant bit is on the right side. That, and another wave of buying on Bitfinex, I'd say.

Here's my simpleminded take (the relevant bit is circled in red):

[macsga]

Good morning gentlemen!
What's the accepted backstory for today's meteoric rise?

You're probably not really interested in an answer, but at least part of the reason is probably...

The relevant bit is on the right side. That, and another wave of buying on Bitfinex, I'd say.

Here's my simpleminded take (the relevant bit is circled in red):

Is THAT what you call a circle?
Seriously Lamb, don't miss out. Get yourself some cheap coins now. You never know, you just might quit this lousy trolling job of yours for a better future.

[oda.krell]

Also, while I'm on the topic of bid/ask in a little conversation with myself....

Last time I posted about it, September 13, I said the following:

Stamp's bid side is depleted (figuratively speaking). If you look at stamp's bid/ask over the last 24-48 hours, you'll see that a number of big buys correspond to big drops in bid/ask. In other words, Stamp is probably partially responsible that we're going up right now, by traders losing patience and pulling bids from the book to market buy, but now they're out of fuel somewhat.

... and got reactions like

EDIT: Better close your shorts

or

Nice bearFUD, better cut your looose you troll.

Price was around $400 at the time of posting, and topped out less than 24h later at 417. The rest is known.

Just mentioning it because the "common knowledge" is that the order book can't ever be trusted. Which is just as naive as thinking you can fully trust the order book.

In any case, bid/ask taking a slight dive since yesterday night, as can be expected after the latest swing up (let's not call it a rally, mkay), but by the looks of it, there's still quite a bit of ammo left on stamp. Unlikely to stop here, more likely to briefly pause.

[oda.krell]

Here's my simpleminded take (the relevant bit is circled in red):

That's the finex buys yesterday night?

[Wandererfromthenorth]

The downtrend is not over, I still think we'll break $300, but for now we are in a little uptrend.
Ride the waves mofos 

[NotLambchop]

...
Seriously Lamb, don't miss out. Get yourself some cheap coins now...

I haz all the cheap coin I need atm.



@oda.krell:  yup.

[hdbuck]

yeay finally some pumping going on... remember remember.
happy 5th of november

[Hunyadi]

yeay finally some pumping going on... remember remember.
happy 5th of november

[ChartBuddy]

Explanation

[noflex]

Stamp gonna stamp

[NotLambchop]

On stamp next: 345 or 335.  Go!
*335, lost similar bet last time

[findftp]

The downtrend is not over, I still think we'll break $300, but for now we are in a little uptrend.
Ride the waves mofos 

My crystal ball analysis said exactly the same!

[noflex]

those finex buys (L)

[N12]

Keep doubting the 5th of October. Keep doubting and supply the fuel!

Again: I'm not dissing traders, am doing so myself. But it is interesting nonetheless. At least in terminology, the 'holder' mentality seems to decline in importance somewhat, while the 'trader' mentality is on the rise. I suspect a twofold reason: the long bear market (rewarding thinking in terms of USD profits), and an increasing professionalization of the market.

There are times when many people HODL. That's when it is best to be a trader because the signals will be crisp clear. Other times, many people get into "trading", and that's when it is best to be an investor, because that's when the signals begin to get muddled.

So, I don't think this is "professionalization". It's the same as always, fools thinking they're clever and going short after 11-12 months of bear market.

[btcney]

This price action is retarded and can only end in one direction.

[catena5260]

Just $15 dollars up and people acting like we are back to 600


meh

[N12]

It's already been one month since 275, and people have been scared shitless the whole time. It's no wonder a change in sentiment is beginning to kick in now.