BootstrapCoinDev
|
|
October 25, 2014, 02:33:02 PM |
|
Somebody dumped and the price reacted. But the reaction was little because the price starts to surge already again. Since the transaction volume and the price trend was stuck before this down trend was the best what could have happened for now. Maybe it would be good if the Bitcoin price would be drowned to 450 USD.
Bitcoin's price might be in decline now, but soon it will skyrocket! I think if people have more straight forward ways to buy Bitcoins, it will eventually help big time! We need more websites that trade Moneypak to Bitcoin, Paypal to Bitcoin etc.... Also, there are almost no traders that accept Credit cards, but i understand their fears of chargebacks.
|
|
|
|
homo homini lupus
Member
Offline
Activity: 84
Merit: 10
|
|
January 20, 2015, 04:00:07 AM |
|
We're off with this. Now all we hear is "price doesn't matter"
|
|
|
|
dnaleor
Legendary
Offline
Activity: 1470
Merit: 1000
Want privacy? Use Monero!
|
|
January 21, 2015, 02:14:58 PM |
|
We're off with this. Now all we hear is "price doesn't matter"
I think this is happening: Crossing the chasm:
|
|
|
|
Wekkel
Legendary
Offline
Activity: 3108
Merit: 1531
yes
|
|
January 21, 2015, 02:23:18 PM |
|
We're off with this. Now all we hear is "price doesn't matter"
I think this is happening: Crossing the chasm: Not yet. First, we have to be paying simple reoccurring things with Bitcoin before we get out the speculative phase. And that will happen only at much higher prices...
|
|
|
|
rpietila (OP)
Donator
Legendary
Offline
Activity: 1722
Merit: 1036
|
|
January 21, 2015, 03:41:59 PM |
|
We're off with this. Now all we hear is "price doesn't matter"
I think this is happening: Crossing the chasm: Not yet. First, we have to be paying simple reoccurring things with Bitcoin before we get out the speculative phase. And that will happen only at much higher prices... Or: We have to habitually save in Bitcoin and think of prices in Bitcoin terms. (The functions of money.) I've been doing all three for 2 years soon.
|
HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
|
|
|
Roccker
|
|
January 21, 2015, 04:04:47 PM |
|
Great thread! Updates on this? Regards..
|
|
|
|
cbeast
Donator
Legendary
Offline
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
|
|
January 24, 2015, 02:53:29 AM |
|
Result: What does this mean?
|
Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
|
|
|
rpietila (OP)
Donator
Legendary
Offline
Activity: 1722
Merit: 1036
|
|
January 24, 2015, 03:09:46 AM |
|
Result: What does this mean? That the baseline Bitcoin price is $6k, and we are s e r i o u s l y undervalued atm. It does not go to the baseline when it shoots, it shoots up, perhaps as high above as we are now below. (The trendline is of course subject to update with each datapoint, so it should be more like 3-4k, and the next top also a low-5-figure amount, instead of a six-figure one)
|
HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
|
|
|
rpietila (OP)
Donator
Legendary
Offline
Activity: 1722
Merit: 1036
|
|
February 17, 2015, 10:18:14 AM |
|
Good stuff never dies. I did the exponential trendline analysis for the first time in some time. The presentation of the graphics is still not my strong area so please ask for the graphs with instructions. I have them but don't know how to transfer them here - The trendline has been revised down in each of the recalculations (I did one every 2-3 months). The trendline price is $3,210 (cf. it would have been $6,000 if the year-ago trend were extrapolated). - Until 7/2014, the trendline R^2 got better all the time, peaking at 0.9353. Since 7/2014, the R^2 has been getting lower and is now 0.9246. The linear fit in exponential chart is no more the best fit. Eg. the 3rd degree polynomial y = -0,000000x3 + 0,000002x2 + 0,001635x - 2,740811 gives the R^2 = 0.9480. This trendline shows its apex in the latter part of 2014, and is now in decline. - The variation from the exponential trend that was contained at [-0.6, 0.5] units log ever since autumn-2011, is now broken and we are at -1,13 currently. We have never been this low, because the trend was only established a few months after Mt.Gox opened in 2010, and initially we were all the time above the trend. - Absent all fundamental considerations (mainly: recognition, adoption, tx number and volume, trade volume, acceptance, economy size, VC investment - which all point to a continuing uptrend) it is possible that the exponential uptrend is broken. - Considering all fundamental considerations, and the fact that regardless of the trendline we choose, we are currently well below it, the situation now is favorable to go long instead of short.
|
HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
|
|
|
zimmah
Legendary
Offline
Activity: 1106
Merit: 1005
|
|
February 17, 2015, 03:02:36 PM |
|
We're off with this. Now all we hear is "price doesn't matter"
I think this is happening: Crossing the chasm: I assume this chart refers to the amount of people joining?
|
|
|
|
dnaleor
Legendary
Offline
Activity: 1470
Merit: 1000
Want privacy? Use Monero!
|
|
February 19, 2015, 03:58:23 AM |
|
We're off with this. Now all we hear is "price doesn't matter"
I think this is happening: Crossing the chasm: I assume this chart refers to the amount of people joining? yes, If you take the "integral" of this chart, you should get the total number of users (and in my opinion that needs to correlate closely to the market cap)
|
|
|
|
AtheistAKASaneBrain
|
|
February 21, 2015, 03:59:53 PM |
|
We're off with this. Now all we hear is "price doesn't matter"
I think this is happening: Crossing the chasm: I think we are still visionaries. Ask around and its like 1/10 people have even heard of bitcoin in real life.
|
|
|
|
ajareselde
Legendary
Offline
Activity: 1722
Merit: 1000
Satoshi is rolling in his grave. #bitcoin
|
|
February 21, 2015, 08:29:47 PM |
|
We're off with this. Now all we hear is "price doesn't matter"
I think this is happening: Crossing the chasm: I think we are still visionaries. Ask around and its like 1/10 people have even heard of bitcoin in real life. U could say that, but thats not the reason why bitcoin isnt much higher priced and adopted. The main problem is lack of regulations surrounding bitcoin, and while any dumbo can open up a bitcoin exchange without being able to protect themselves against theft, and provide a transparent business, im surprised were still in tripple digits. Protect businesses, protect clients that are investing, and we will have great success, until then , bitcoin will allways be considered shady to say atleast. cheers
|
|
|
|
Bagatell
|
|
February 21, 2015, 09:08:24 PM |
|
Protect businesses, protect clients that are investing, and we will have great success, until then , bitcoin will always be considered shady to say the least.
cheers
Who's going to do that? The current regulators are more like accomplices than guardians.
|
|
|
|
marcus_of_augustus
Legendary
Offline
Activity: 3920
Merit: 2349
Eadem mutata resurgo
|
|
February 21, 2015, 09:19:12 PM |
|
regulations are not protections, they are protection rackets.
People advocating for regulations are the either the racketeers or, amazingly, their gullible marks.
|
|
|
|
rpietila (OP)
Donator
Legendary
Offline
Activity: 1722
Merit: 1036
|
|
February 21, 2015, 09:54:30 PM |
|
Good stuff never dies. I did the exponential trendline analysis for the first time in some time. The presentation of the graphics is still not my strong area so please ask for the graphs with instructions. I have them but don't know how to transfer them here - The trendline has been revised down in each of the recalculations (I did one every 2-3 months). The trendline price is $3,210 (cf. it would have been $6,000 if the year-ago trend were extrapolated). - Until 7/2014, the trendline R^2 got better all the time, peaking at 0.9353. Since 7/2014, the R^2 has been getting lower and is now 0.9246. The linear fit in exponential chart is no more the best fit. Eg. the 3rd degree polynomial y = -0,000000x3 + 0,000002x2 + 0,001635x - 2,740811 gives the R^2 = 0.9480. This trendline shows its apex in the latter part of 2014, and is now in decline. - The variation from the exponential trend that was contained at [-0.6, 0.5] units log ever since autumn-2011, is now broken and we are at -1,13 currently. We have never been this low, because the trend was only established a few months after Mt.Gox opened in 2010, and initially we were all the time above the trend. - Absent all fundamental considerations (mainly: recognition, adoption, tx number and volume, trade volume, acceptance, economy size, VC investment - which all point to a continuing uptrend) it is possible that the exponential uptrend is broken. - Considering all fundamental considerations, and the fact that regardless of the trendline we choose, we are currently well below it, the situation now is favorable to go long instead of short. The subject of the thread. I even promised pictures if you tell me which aspect needs visualization.
|
HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
|
|
|
oblivi
|
|
February 23, 2015, 02:55:10 PM |
|
We're off with this. Now all we hear is "price doesn't matter"
I think this is happening: Crossing the chasm: I think we are still visionaries. Ask around and its like 1/10 people have even heard of bitcoin in real life. U could say that, but thats not the reason why bitcoin isnt much higher priced and adopted. The main problem is lack of regulations surrounding bitcoin, and while any dumbo can open up a bitcoin exchange without being able to protect themselves against theft, and provide a transparent business, im surprised were still in tripple digits. Protect businesses, protect clients that are investing, and we will have great success, until then , bitcoin will allways be considered shady to say atleast. cheers Our only hope is now on the Winklevii brothers to deliver a solid alternative with the Gemini exchange. I really really really hope they don't fuck up, that would be terrible. If even the supposedly trusteable exchanges like theirs fail to be solid, then it's game over.
|
|
|
|
findftp
Legendary
Offline
Activity: 1022
Merit: 1008
Delusional crypto obsessionist
|
|
February 23, 2015, 03:30:33 PM Last edit: August 24, 2015, 09:29:12 AM by findftp |
|
Our only hope is now on the Winklevii brothers to deliver a solid alternative with the Gemini exchange. I really really really hope they don't fuck up, that would be terrible. If even the supposedly trusteable exchanges like theirs fail to be solid, then it's game over.
Well, that sounds really really pathetic. Why would we be dependent on twins. If bitcoin was only dependent on them, it would be a *massive* failure already.
|
|
|
|
AizenSou
|
|
February 24, 2015, 10:34:47 PM |
|
Our only hope is now on the Winklevii brothers to deliver a solid alternative with the Gemini exchange. I really really really hope they don't fuck up, that would be terrible. If even the supposedly trusteable exchanges like theirs fail to be solid, then it's game over.
Well, that sounds really really pathetic. Why would we be dependent on two twins. If bitcoin was only dependent on them, it would be a *massive* failure already. +1 true.
|
|
|
|
smoothie
Legendary
Offline
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
|
|
August 22, 2015, 02:01:16 AM |
|
using today's values based on OP's formula the bit coin price should be:
10^(-2.869800 + 0.003012 * ((number of days since 2009 Jan 03)/days)) =
$26,439
|
███████████████████████████████████████
,╓p@@███████@╗╖, ,p████████████████████N, d█████████████████████████b d██████████████████████████████æ ,████²█████████████████████████████, ,█████ ╙████████████████████╨ █████y ██████ `████████████████` ██████ ║██████ Ñ███████████` ███████ ███████ ╩██████Ñ ███████ ███████ ▐▄ ²██╩ a▌ ███████ ╢██████ ▐▓█▄ ▄█▓▌ ███████ ██████ ▐▓▓▓▓▌, ▄█▓▓▓▌ ██████─ ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌ ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌ ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─ ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩ ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀ ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀` ²²² ███████████████████████████████████████
| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ . LEALANA BITCOIN GRIM REAPER SILVER COINS. |
|
|
|
|