the real tendline proves bitcoin is overvalued

[GraphicImpulse]

oh come on, don't be so serious, op was obviously joking ...

am i wrong?

Check his history. He's serious and simply trying to bring price down... and failing miserably.

[telemaco]

oh ok,

I just thought that nobody could take that "drawing" seriously

[Its About Sharing]

Banking systems are collapsing. The world financial systems are not doing at all well and this guy is talking "trendlines"

[Spekulatius]

Sry, but thats a dismal "analysis".

Try again.

[Tirapon]

oh come on, don't be so serious, op was obviously joking ...

am i wrong?

OP turned up and trolled for a few days until he was payed (quite well) to go away...

[Rallye]

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

lmao.

Lol seriouly. You've cat to be kitten meh...

[anu]

What makes you think the trend is linear? Fit an S curve (exponential growth with eventual saturation), then we talk.

[smoothie]

OP is a dumbass lol. Took 13 BTC and ran like a pansy haha

[afbitcoins]

Looks like we're above the trend. Although maybe it is steeper now because of mining reward halfing?

[Its About Sharing]

Looks like we're above the trend. Although maybe it is steeper now because of mining reward halfing?

Maybe you can answer a simple question, what are you trending? I mean, what is BTC? Currency, Commodity, Stock, disruptive technology, protocol, etc.

TA is great, we all use it, but to overly depend on it with something that we can't easily define, is cheapening what it is that is BTC. What if some really big news comes out? e.g., Pay Pal becomes funding mechanism for BTC. What do you think will happen to the "price" of BTC?

TA has been said to basically describe human behavior (e.g. support lines). Now, since there are so many variables with BTC (see that short list above), again, it is dangerous to try to pigeon hole what BTC is.

Be very very careful over emphasizing TA and yet know when to use it.

[cp1]

Do people really trade anything based on nonsense like this line?   What theory actually predicts this? 

[afbitcoins]

Looks like we're above the trend. Although maybe it is steeper now because of mining reward halfing?

Maybe you can answer a simple question, what are you trending? I mean, what is BTC? Currency, Commodity, Stock, disruptive technology, protocol, etc.

TA is great, we all use it, but to overly depend on it with something that we can't easily define, is cheapening what it is that is BTC. What if some really big news comes out? e.g., Pay Pal becomes funding mechanism for BTC. What do you think will happen to the "price" of BTC?

TA has been said to basically describe human behavior (e.g. support lines). Now, since there are so many variables with BTC (see that short list above), again, it is dangerous to try to pigeon hole what BTC is.

Be very very careful over emphasizing TA and yet know when to use it.

From the perspective of the chart it is quite simple, the trend is the price of a bitcoin in US dollars as traded on MT Gox exchange. Bitcoin is not currency or commodity, it is money, like gold and silver. Unlike currencies it will also function as a store of value.

I'm not going to defend TA yet again, if you don't like it, then perhaps you shouldn't bother with the speculation forum.

[FNG]

I spent several hours on this TA and found the real trendline

[Its About Sharing]

Looks like we're above the trend. Although maybe it is steeper now because of mining reward halfing?

Maybe you can answer a simple question, what are you trending? I mean, what is BTC? Currency, Commodity, Stock, disruptive technology, protocol, etc.

TA is great, we all use it, but to overly depend on it with something that we can't easily define, is cheapening what it is that is BTC. What if some really big news comes out? e.g., Pay Pal becomes funding mechanism for BTC. What do you think will happen to the "price" of BTC?

TA has been said to basically describe human behavior (e.g. support lines). Now, since there are so many variables with BTC (see that short list above), again, it is dangerous to try to pigeon hole what BTC is.

Be very very careful over emphasizing TA and yet know when to use it.

From the perspective of the chart it is quite simple, the trend is the price of a bitcoin in US dollars as traded on MT Gox exchange. Bitcoin is not currency or commodity, it is money, like gold and silver. Unlike currencies it will also function as a store of value.

I'm not going to defend TA yet again, if you don't like it, then perhaps you shouldn't bother with the speculation forum.

I said "TA is great, we all use it, ..." so I'm not smacking it down and I USE IT. I think my point was clear. We don't know what BTC is, not even the government will define it for us. But you know. Maybe you should not be so touchy about a question, not even a criticism...  I was just bringing up the Black Swan nature of BTC and not asking you to defend TA, just merely open up a bit regarding the possibilities.

[afbitcoins]

Looks like we're above the trend. Although maybe it is steeper now because of mining reward halfing?

Maybe you can answer a simple question, what are you trending? I mean, what is BTC? Currency, Commodity, Stock, disruptive technology, protocol, etc.

TA is great, we all use it, but to overly depend on it with something that we can't easily define, is cheapening what it is that is BTC. What if some really big news comes out? e.g., Pay Pal becomes funding mechanism for BTC. What do you think will happen to the "price" of BTC?

TA has been said to basically describe human behavior (e.g. support lines). Now, since there are so many variables with BTC (see that short list above), again, it is dangerous to try to pigeon hole what BTC is.

Be very very careful over emphasizing TA and yet know when to use it.

From the perspective of the chart it is quite simple, the trend is the price of a bitcoin in US dollars as traded on MT Gox exchange. Bitcoin is not currency or commodity, it is money, like gold and silver. Unlike currencies it will also function as a store of value.

I'm not going to defend TA yet again, if you don't like it, then perhaps you shouldn't bother with the speculation forum.

I said "TA is great, we all use it, ..." so I'm not smacking it down and I USE IT. I think my point was clear. We don't know what BTC is, not even the government will define it for us. But you know. Maybe you should not be so touchy about a question, not even a criticism...  I was just bringing up the Black Swan nature of BTC and not asking you to defend TA, just merely open up a bit regarding the possibilities.

I don't really follow why you want the govt to define bitcoins ! The less the govt has to do with it the better. But like I said, for my purposes I mainly focus on the monetary aspects of it which for speculating on price is all I feel the need to consider.

Sorry if my reply seemed touchy not your fault.

[chmod755]

The problem about BTCUSD trends is that we cannot predict USD……

[Its About Sharing]

Looks like we're above the trend. Although maybe it is steeper now because of mining reward halfing?

Maybe you can answer a simple question, what are you trending? I mean, what is BTC? Currency, Commodity, Stock, disruptive technology, protocol, etc.

TA is great, we all use it, but to overly depend on it with something that we can't easily define, is cheapening what it is that is BTC. What if some really big news comes out? e.g., Pay Pal becomes funding mechanism for BTC. What do you think will happen to the "price" of BTC?

TA has been said to basically describe human behavior (e.g. support lines). Now, since there are so many variables with BTC (see that short list above), again, it is dangerous to try to pigeon hole what BTC is.

Be very very careful over emphasizing TA and yet know when to use it.

From the perspective of the chart it is quite simple, the trend is the price of a bitcoin in US dollars as traded on MT Gox exchange. Bitcoin is not currency or commodity, it is money, like gold and silver. Unlike currencies it will also function as a store of value.

I'm not going to defend TA yet again, if you don't like it, then perhaps you shouldn't bother with the speculation forum.

I said "TA is great, we all use it, ..." so I'm not smacking it down and I USE IT. I think my point was clear. We don't know what BTC is, not even the government will define it for us. But you know. Maybe you should not be so touchy about a question, not even a criticism...  I was just bringing up the Black Swan nature of BTC and not asking you to defend TA, just merely open up a bit regarding the possibilities.

I don't really follow why you want the govt to define bitcoins ! The less the govt has to do with it the better. But like I said, for my purposes I mainly focus on the monetary aspects of it which for speculating on price is all I feel the need to consider.

Sorry if my reply seemed touchy not your fault.

Thx as I wasn't trying to give you a hard time.

Regarding the government defining BTC: If they define what we are, then we can start laying the groundwork and developing a plan (expansion, legal, tax, etc.) for going forward. I do see your point though and I agree the less government the better. But the danger is that they leave things gray and pick and attack as they choose. Now, maybe this doesn't hold up in a court of law (but who knows since corruption runs deep) but it could slow us down due to raising the fear level. That said, it is beautiful how even with the uncertainty of the DHS thing, the price quickly rebounded.

Get some popcorn and enjoy the show... (Really, no matter what happens - though I think we are mostly ok - this is one hell of a ride. It is not everyday (or decade or century) that something like this comes along and challenges the established "norms"/corruption  )

[afbitcoins]

The problem about BTCUSD trends is that we cannot predict USD……

I predict USD to do what they have done ever since the federal reserve was created. They will lose more and more purchasing power.

[afbitcoins]

Maybe you can answer a simple question, what are you trending? I mean, what is BTC? Currency, Commodity, Stock, disruptive technology, protocol, etc.

TA is great, we all use it, but to overly depend on it with something that we can't easily define, is cheapening what it is that is BTC. What if some really big news comes out? e.g., Pay Pal becomes funding mechanism for BTC. What do you think will happen to the "price" of BTC?

TA has been said to basically describe human behavior (e.g. support lines). Now, since there are so many variables with BTC (see that short list above), again, it is dangerous to try to pigeon hole what BTC is.

Be very very careful over emphasizing TA and yet know when to use it.

From the perspective of the chart it is quite simple, the trend is the price of a bitcoin in US dollars as traded on MT Gox exchange. Bitcoin is not currency or commodity, it is money, like gold and silver. Unlike currencies it will also function as a store of value.

I'm not going to defend TA yet again, if you don't like it, then perhaps you shouldn't bother with the speculation forum.

I said "TA is great, we all use it, ..." so I'm not smacking it down and I USE IT. I think my point was clear. We don't know what BTC is, not even the government will define it for us. But you know. Maybe you should not be so touchy about a question, not even a criticism...  I was just bringing up the Black Swan nature of BTC and not asking you to defend TA, just merely open up a bit regarding the possibilities.

I don't really follow why you want the govt to define bitcoins ! The less the govt has to do with it the better. But like I said, for my purposes I mainly focus on the monetary aspects of it which for speculating on price is all I feel the need to consider.

Sorry if my reply seemed touchy not your fault.

Thx as I wasn't trying to give you a hard time.

Regarding the government defining BTC: If they define what we are, then we can start laying the groundwork and developing a plan (expansion, legal, tax, etc.) for going forward. I do see your point though and I agree the less government the better. But the danger is that they leave things gray and pick and attack as they choose. Now, maybe this doesn't hold up in a court of law (but who knows since corruption runs deep) but it could slow us down due to raising the fear level. That said, it is beautiful how even with the uncertainty of the DHS thing, the price quickly rebounded.

Get some popcorn and enjoy the show... (Really, no matter what happens - though I think we are mostly ok - this is one hell of a ride. It is not everyday (or decade or century) that something like this comes along and challenges the established "norms"/corruption  )

I predict various govts of the world will attempt to block bitcoins in a selection of inept ways. Everything the govt tries to do usually has the opposite effect and in this case will probably just make bitcoins stronger and more resilient. Part of their strategy might be through defining various dubious legal definitions which won't make a difference.

I'm more worried about what bankers will attempt. In my view various internet debt based schemes will be pushed onto us and they will keep trying and trying different variations until they succeed. Ripples being the best example at this time. They will try and undermine or control bitcoins via deceipt and manipulation replacing bitcoins with IOU's for bitcoins and putting hidden quantities of bitcoins locked into gateways.     

[Its About Sharing]

Maybe you can answer a simple question, what are you trending? I mean, what is BTC? Currency, Commodity, Stock, disruptive technology, protocol, etc.

TA is great, we all use it, but to overly depend on it with something that we can't easily define, is cheapening what it is that is BTC. What if some really big news comes out? e.g., Pay Pal becomes funding mechanism for BTC. What do you think will happen to the "price" of BTC?

TA has been said to basically describe human behavior (e.g. support lines). Now, since there are so many variables with BTC (see that short list above), again, it is dangerous to try to pigeon hole what BTC is.

Be very very careful over emphasizing TA and yet know when to use it.

From the perspective of the chart it is quite simple, the trend is the price of a bitcoin in US dollars as traded on MT Gox exchange. Bitcoin is not currency or commodity, it is money, like gold and silver. Unlike currencies it will also function as a store of value.

I'm not going to defend TA yet again, if you don't like it, then perhaps you shouldn't bother with the speculation forum.

I said "TA is great, we all use it, ..." so I'm not smacking it down and I USE IT. I think my point was clear. We don't know what BTC is, not even the government will define it for us. But you know. Maybe you should not be so touchy about a question, not even a criticism...  I was just bringing up the Black Swan nature of BTC and not asking you to defend TA, just merely open up a bit regarding the possibilities.

I don't really follow why you want the govt to define bitcoins ! The less the govt has to do with it the better. But like I said, for my purposes I mainly focus on the monetary aspects of it which for speculating on price is all I feel the need to consider.

Sorry if my reply seemed touchy not your fault.

Thx as I wasn't trying to give you a hard time.

Regarding the government defining BTC: If they define what we are, then we can start laying the groundwork and developing a plan (expansion, legal, tax, etc.) for going forward. I do see your point though and I agree the less government the better. But the danger is that they leave things gray and pick and attack as they choose. Now, maybe this doesn't hold up in a court of law (but who knows since corruption runs deep) but it could slow us down due to raising the fear level. That said, it is beautiful how even with the uncertainty of the DHS thing, the price quickly rebounded.

Get some popcorn and enjoy the show... (Really, no matter what happens - though I think we are mostly ok - this is one hell of a ride. It is not everyday (or decade or century) that something like this comes along and challenges the established "norms"/corruption  )

I predict various govts of the world will attempt to block bitcoins in a selection of inept ways. Everything the govt tries to do usually has the opposite effect and in this case will probably just make bitcoins stronger and more resilient. Part of their strategy might be through defining various dubious legal definitions which won't make a difference.

I'm more worried about what bankers will attempt. In my view various internet debt based schemes will be pushed onto us and they will keep trying and trying different variations until they succeed. Ripples being the best example at this time. They will try and undermine or control bitcoins via deceipt and manipulation replacing bitcoins with IOU's for bitcoins and putting hidden quantities of bitcoins locked into gateways.     

I held the same belief, regarding governments attacking BTC, but I'm recently changed my stance. I don't think governments can react any where quick enough to stop BTC. It has been around for 4 years and just now does the DHS make a very very minor move, which doesn't even look like it was against BTC. Just simply Gox missed something.

Banks - I don't think BTC is the threat we think it is to banks, not anytime soon. Banks make their money from fraction reserver lending, and BTC, in its current carnation is not at all a threat to that. Maybe that develops, but it is no where near touching the banks pockets. Rather, I see banks using it to improve the speed of international transactions and such.

BTC is a threat to credit card companies and companies like Western Union (the latter of which is doing a good job failing on its own and the former seems to be getting on consumers nerves with their near monopolistic control on interest rates.) But even the credit card companies make their money on loans, so again, I don't see BTC effecting them anytime soon, in that regard.

Now, as BTC evolves I do see things growing from it which naturally takes out unfair monetary business practices. We are so early in the game. What happens when BTC shows that a deflationary currency is the way to go? That is a threat to the banks! But, by the time it shows it's head, the writing is on the wall. Really, BTC is a gift from the Universe/Nature, of which we are a part. We were just the corrective mechanism allowed to plant it.