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Author Topic: Who has the best prediction record?  (Read 540 times)
predix
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July 14, 2011, 02:58:37 PM
 #1

Lots of really smart people here and everyone has an opinion.

Here's just one example out of thousands where we can see what actually happened: http://forum.bitcoin.org/index.php?topic=25407.0;viewResults

It's fun to read everyone's prediction, but who has a reputation for being right more often than wrong?

It's tough to make predictions, especially about the future. -- Yogi Berra.
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Stephen Gornick
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July 15, 2011, 11:08:18 AM
 #2

but who has a reputation for being right more often than wrong?

I have a reputation for being wrong more often than right.  Perphaps taking the other side will bring you profit?

Incidentally, this is another "weekend dip" opportunity:

i.e., Weekly high is lower than previous weekly high, thus sell Wednesday night / Thursday morning and buy back on Sunday once the price starts to move back up.

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July 15, 2011, 04:05:14 PM
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Thanks for the tip.  I'm now moving bitcoins to the exchanges to sell on Sunday. ;P

It's tough to make predictions, especially about the future. -- Yogi Berra.
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July 18, 2011, 03:48:58 PM
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Sell on Thursday, buy on Sunday didn't seem to work this weekend.  Prices on Monday are lower than on Sunday.

It's tough to make predictions, especially about the future. -- Yogi Berra.
Stephen Gornick
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July 19, 2011, 12:40:02 AM
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Sell on Thursday, buy on Sunday didn't seem to work this weekend.

Though it didn't make huge gains, 2 or 3% over 72 hours is not the worst that could happen to someone:
 - http://bitcoincharts.com/charts/mtgoxUSD#rg5zczsg2011-07-14zeg2011-07-17ztgSzm1g10zm2g25

Prices on Monday are lower than on Sunday.

With Mt. Gox temporarily unable to accept SEPA until Tuesday (at best), I might have been a little less antsy to buy back.

Full disclosure: I did no selling or buying over the past week.

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