New paradigm!

[Joe200]

Tell us what you think and why.

[gentlemand]

This market involves humans. Humans always, always wind up doing the same thing over and over again. The scale of the moves might be bigger but human nature does not alter. There's a lot of froth entering right now which will float away in a panic when put to the test. Rinse and repeat until the species is toast.

[Torque]

We are entering into a new phase of Bitcoin.

The general public is starting to think that maybe Bitcoin is not a flash-in-the-pan after all, that there is something to it and that it has legs. With Futures trading, it has become a true, bona fide asset class that is not going away.

[GreatOrchid]

I dont know what you are trying to prove in here because the replies that you got in there have 0 correlation...

But if you are talking about the price and how to speculate about it, just let me tell you that there are no ways to predict it anymore.

Maybe a few years ago it can be easily predicted just by a little technical analysis, but it can not be done anymore.

tell me, is the EMA, bollinger bands, and all this crap useful to predict the price?

Of course not, because the price is pure controlled by speculation and rumours.

[Cyber Futurist]

The market have not new paradigm !)))

[fabiorem]

We need to create new methods.

As TA is just pseudo-science for speculation, we can trace lines from anywhere and say this is mathematically reasonable, just to provoke bull-runs and push the price even higher. The more people buy, the better. Bitcoin can solve money problems for lots of people. Imagine governments hoarding bitcoins to pay debts to the banksters.

Depending on where the blockchain technology is going, people can even stop working and automate everything, generating money from solar panels, and earning it during leisure time.

[2double0]

We need to create new methods.

As TA is just pseudo-science for speculation, we can trace lines from anywhere and say this is mathematically reasonable, just to provoke bull-runs and push the price even higher. The more people buy, the better. Bitcoin can solve money problems for lots of people. Imagine governments hoarding bitcoins to pay debts to the banksters.

Depending on where the blockchain technology is going, people can even stop working and automate everything, generating money from solar panels, and earning it during leisure time.

But there are some disadvantages too that factorize the whole Bitcoin system to be unsustainable - Problems of blockchain size, problems of higher number of unconfirmed transactions and problem of fees - these were the 3 major things why we decided to support Bitcoins and now these things have become a problem.

Blockchain size - needs to settle down because if you have a PC with just 80 - 120 GB hard disk, you can't even think of downloading the whole blockchain for your desktop-based wallet.

Unconfirmed transactions - I don't understand if miners are intentionally doing this to let the fee be remain raised like nothing for free (or less) any more.

Fees - The above explanation refers to this as well.

But yeah, Bitcoin is not the same any more and I think that the way we used to follow those patterns has nothing to do now with what we are seeing because observations need to change with the change in numbers that are already changing at a higher pace now.

[Silberman]

This market involves humans. Humans always, always wind up doing the same thing over and over again. The scale of the moves might be bigger but human nature does not alter. There's a lot of froth entering right now which will float away in a panic when put to the test. Rinse and repeat until the species is toast.

True, bitcoin may be a great innovation, but at the end we the humans that are going to use it have not changed in a lot of time, the same greed that fueled previous economic bubbles like the tulip mania or the dot com bubble and the same panic that crashed the world economy in 1929 are there so the old ways of analyzing an asset are still valid for bitcoin.