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explorer
Legendary
 Offline
Activity: 2016
Merit: 1259
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May 09, 2014, 01:40:35 AM |
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That is beautiful  Look how the april/nov 2013 peaks reflect the first two blips on the chart  Hodl on for the ride to the 2011 peak at about $300000  |
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zimmah
Legendary
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Activity: 1106
Merit: 1005
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May 09, 2014, 05:56:15 PM |
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I think it's more likely to peak 6~8k and possibly 10k+ but 300k seems a little early.
Not entirely impossible, but still not very likely
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NXTplayer
Newbie
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Activity: 42
Merit: 0
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May 10, 2014, 10:01:53 AM |
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it's so incredible that the price is rocketing.
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KeyJockey
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May 18, 2014, 07:11:02 PM |
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Ha, love it! But any particular reason why it necessarily HAS TO level-off at "only" $1 million? Don't get me wrong, I love this chart and really (really really) hope it's true... I'm personally tryin' really hard to get ahold of as much BTC as I can, right now at these recent "low prices" (I'm still spending some, but just tryin' really hard to make a little stash too, LOL)... But just being Devil's Advocate here, for the sake of argument: what would be some of the major reasons why you guys might consider that this chart and/or the long-trend might NOT actually hold true?? Again, not tryin' to throw any cold water on the optimism here, but y'know... after the last few months of "crashing" prices, it might be prudent to keep all possibilities (both positive and negative) in clear view of the road ahead. |
- 1KeyJKVWVxdavKTetDJpQWdUaota5jbtX6 -
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bitebits
Legendary
Offline
Activity: 2206
Merit: 3166
Flippin' burgers since 1163.
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May 18, 2014, 07:37:26 PM |
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@KeyJockey: Read the topic from SlipperySlope as well https://bitcointalk.org/index.php?topic=366214.0 |
- You can figure out what will happen, not when /Warren Buffett - Pay any Bitcoin address privately with a little help of Monero. |
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KeyJockey
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May 19, 2014, 12:42:38 AM |
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Great thread, thanks. Just skimmed it so far but already I see the value there (and, yeah, of course it'll level off at $1M, duh! LOL. Nothing increases exponentially forever, but still maybe it's gonna actually level off at "only" something like $800K or $1.2M) Anyway, yeah, I'm gonna def take the time & really read carefully thru all of that thread too, plus all the links. Great stuff. Thanks again. |
- 1KeyJKVWVxdavKTetDJpQWdUaota5jbtX6 -
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David Latapie
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May 30, 2014, 07:44:47 PM |
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Here is updated tonico's chart made with R: https://i.imgur.com/ycT9ulP.png Can we get an update? |
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David Latapie
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June 02, 2014, 12:57:56 AM |
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Wow, I don't understand how it works. Thank you anyway. |
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rpietila (OP)
Donator
Legendary
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Activity: 1722
Merit: 1036
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June 02, 2014, 05:06:13 AM |
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Here is updated tonico's chart made with R: https://i.imgur.com/ycT9ulP.png Can we get an update? Official prices for April and May updated. You can see that May average was higher than that of April, so the downtrend is over from this perspective also! The trend is rising so fast that we are still -0.339 below the trend, with the record being set at -0.446 in 2014-5-19. |
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)
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arbitrage001
Legendary
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Activity: 1067
Merit: 1000
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June 02, 2014, 07:20:21 AM |
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Extrapolation doesn't work well on trading.
A quick way to poor house if anyone using this method to trade.
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rpietila (OP)
Donator
Legendary
Offline
Activity: 1722
Merit: 1036
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June 02, 2014, 07:24:56 AM |
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Extrapolation doesn't work well on trading.
A quick way to poor house if anyone using this method to trade.
LOL, I must be doing really bad then, having followed the method methodically in the last bubble..  |
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)
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KeyJockey
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June 02, 2014, 01:50:59 PM |
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Extrapolation doesn't work well on trading.
A quick way to poor house if anyone using this method to trade. Well I dunno about YOU (or anyone else here, either... people gotta make their own financial and investment decisions for themselves, of course, and taking ANY "internet advice" of any ONE person's opinion too seriously is never a good idea) but I'm personally not looking at this as "trading" but rather ONLY as possible long-term investment value in a brand-new, nascent technology or industry category. Day to day? It's clear that BTC prices (value?) can be all over the map. Up down up down anything can happen wheee, just like a roller coaster amusement park ride, LOL. I've personally only ever paid in the $800-$400 range for each of the bitcoins that I've ever bought (starting around the time it hit $1000+ when I finally woke the hell up and started paying attention to it, LOL). So that means technically I'm still in the hole, looking at a "losing investment" to date, even though dollar-cost averaging has helped a bit (my average price paid per BTC has gone from $711 when I started to now about $625). Do I wish I was smart enough to recognize what's going on with all this when it was in the $10-100 range? Ummm... duh? Stoopid question LOL But does that mean anyone only getting into it NOW has totally missed the boat? Maybe, but let's hope NOT, if SS's model is correct...? There's still plenty of room to run! But, no, it's not "trading"... it's long term committed investment. At least for me. And if it all goes bad and tanks to ZERO at least it was a pretty good shot to try and take: it looks like a good decision to me NOW, and even IF it fails to pay off, I won't be sorry for having TRIED. Just my "two satoshi's" philosophy for today  |
- 1KeyJKVWVxdavKTetDJpQWdUaota5jbtX6 -
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arbitrage001
Legendary
Offline
Activity: 1067
Merit: 1000
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June 03, 2014, 05:50:57 AM |
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Extrapolation doesn't work well on trading.
A quick way to poor house if anyone using this method to trade.
LOL, I must be doing really bad then, having followed the method methodically in the last bubble.. If you are talking trend trading with proper risk management, then yes, it works very well on strong directional market. Nice building. Is that your house? |
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rpietila (OP)
Donator
Legendary
Offline
Activity: 1722
Merit: 1036
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June 03, 2014, 06:12:56 AM |
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Is that your house?
Yes, I bought it with the profits afforded by the following of the trendline model last winter  |
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)
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Ron~Popeil
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June 03, 2014, 07:32:46 AM |
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Is that your house?
Yes, I bought it with the profits afforded by the following of the trendline model last winter So are you hosting the big 10k bit coin bash? I need to reserve tux. |
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stripykitteh
Legendary
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Activity: 1176
Merit: 1001
CryptoTalk.Org - Get Paid for every Post!
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June 03, 2014, 08:48:58 AM |
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Is that your house?
Yes, I bought it with the profits afforded by the following of the trendline model last winter Very nice. I'm a lot later to the party than you are, but I'm hoping to at least get my (modest) house paid off from following the trend line for one or two more cycles. |
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