the real tendline proves bitcoin is overvalued

[nkspace]

----

[SomeWhere]

No.

[nkspace]

your greed says no, you logic says yes

[Shinobi]

And that's assuming no infrastructural debacles. Denial of Service attacks are only going to increase to further affect liquidity. Some folks do NOT want Bitcoin to succeed. The unwritten rule behind Bitcoin success is superior technological prowess behind the means of liquidity (i.e. exchanges). With FinCEN essentially requiring local transactors to register as an exchanger, liquidity is going to rely even more on exchanges than before.

[Miz4r]

Wow I am struck in awe by the beauty of that blue line just randomly moving across the chart. True piece of art right there.

[nkspace]

that is the real rendline bulls

accept it

the reason the trend strays from this line is due to
1- GREED
2 - MANIPULATION
3- GREED,

TO ALL THOSE WIHSING TO BUY BACK IN, WAIT FOR THE PRICE T HIT THE TRENDLINE AND BUY AT THAT PRICE

[nkspace]

WONT BE TOO SOON,
WHAT GOES UP, COMES DOWN

[ruski]

Welcome to my ignore list nkspace.

[Miz4r]

I think they should require people to do an IQ test first before allowing them to post here. I'm sure the amount of garbage posts would crash way below the trendline. This forum is being overrun by people who can't even form a coherent sentence and think writing in CAPS makes them look intelligent.

[pera]

TECHNICAL ANALYSIS

[nkspace]

PERA THAT IS NOT A NORMAL LINE! IM SORRY, THAT IS A BULLS LINE, NOT A NORMAL RATIONAL TREND

[chriswilmer]

No, this is the real trendline:



It goes up by about 10 cents every month. Based on this, we should hit about $7 by the end of this year. If we're above that line, bitcoin is overvalued.

[nkspace]

sarcasm? thats a stupid graph, as bitcoin has recieved press coveragte, wehreas before it hadn't as much, thats not a real trend line, however my one is

[nkspace]

cricket, awefully quite here, where are these bulls? somethings you can't disagree with i suppose

[ManBearPig]

Hi.

I'm a bull.

I also have charts:



We seem to agree though the placing of your line seems almost arbitrary.

Also, because of that line I'm bullish long-term but you are bearish short-term.

It's the old half-full or half-empty thing again isn't it?

Edit: I updated the chart with today's noon UTC data.

[Hawker]

Hmmm.  I don't get it.  The graph shows Bitcoin trending up.  Like any market, people are taking that into account in buying Bitcoin so paying more than the trendline.

Isn't that logical? 

[arepo]

any arbitrary line can be formed by two points. you need three or more for robustness.

that being said, i tend to agree that said trendline seems viable.

--arepo

[Qoheleth]

With FinCEN essentially requiring local transactors to register as an exchanger

IIRC, FinCEN ruled pretty clearly that it doesn't give a shit as long as you aren't:
1) a third party transferring BTC from party A to party B as part of a transfer of fiat (e.g. exchanges and outfits like BitPay), or
2) a miner who sells the coins they mined for fiat.

Regular users of BTC (who use it to trade goods and services) are explicitly OK'd.

[dataphile]

Is the OP really implying that a linear model is the most accurate price model?

lmao.

[bitcon]

nksace is just trying to spread FUD because he wants to buy in at 100. sorry you missed the boat. another "bitter bear" creating multiple threads to no avail. sad.