phillipsjk
Legendary
 Offline
Activity: 1008
Merit: 1001
Let the chips fall where they may.
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November 12, 2013, 04:51:30 PM |
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I don't know if it's ready just yet. I think the chart ought to do something like this:
[IMAGE]
I recommend using a log graph for predictions like that. Now that I had sleep, I realize that I was advocating a volatility evening strategy mentioned in another thread. In that strategy, you have a "purse" of 50:50 Bitcoin and another asset. As the price moves, you try to keep the exposure to both assets the same. The difficulty with that strategy is that it assumes no or even price growth. Obviously that is not a valid assumption. To make money off the rise in value, you need a second "purse" (in cold-storage), where you simply buy and hold. |
James' OpenPGP public key fingerprint: EB14 9E5B F80C 1F2D 3EBE 0A2F B3DE 81FF 7B9D 5160 |
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proudhon
Legendary
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Activity: 2198
Merit: 1311
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November 12, 2013, 04:51:57 PM |
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oh shit! buying everything in sight! thanks for the heads up!
Oh shit, I just bought my own table. |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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reannypleas
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November 12, 2013, 05:06:25 PM |
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Why panic?
I believe OP mean it is bubble, and it doesnt make sence to buy now. Why would he used PANIC BUY!!!! title otherwise... |
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crazy_rabbit
Legendary
Offline
Activity: 1204
Merit: 1001
RUM AND CARROTS: A PIRATE LIFE FOR ME
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November 12, 2013, 05:25:44 PM |
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oh no! I just panic bought a gym membership!
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more or less retired.
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Xer0
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November 12, 2013, 06:10:59 PM |
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PANIC $SOMETHING!!!  |
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MaxBTC1
Newbie
Offline
Activity: 56
Merit: 0
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November 12, 2013, 06:12:43 PM |
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ITS HAPPENING
BUY BUY
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StarenseN
Legendary
Offline
Activity: 2478
Merit: 1362
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November 12, 2013, 06:23:09 PM |
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OMG I BOUGHT YOU$$§
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TERA
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November 12, 2013, 06:41:27 PM |
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I panic sold today on bitfinex at $390.
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sealberrder
Member
Offline
Activity: 66
Merit: 10
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November 12, 2013, 06:48:11 PM |
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1BTC > $500 is my bet once this is all over.
It is never over. Adoption will continue, p2p paying system is unique, and will take market share out from paypal and WU in near future |
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bassclef
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November 12, 2013, 06:49:08 PM |
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I was thinking this last night (after I posted my bullish prediction)...
"What if everyone is expecting this rally, and it doesn't materialize?"
The ticker told me so.
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MAbtc
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November 12, 2013, 06:57:54 PM |
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I panic sold today on bitfinex at $390.
Geez Bitfinex hit $400? LOL, didn't even notice that. I don't usually click over to that tab on bitcoinity... |
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mvidetto
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November 12, 2013, 09:07:21 PM |
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I think we're at a point where people don't want to sell because they think its going higher and people don't want to buy because of the instability/volatility of the price (and the fact that its up 3x in a month).
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Wilhelm
Legendary
Offline
Activity: 1652
Merit: 1265
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November 12, 2013, 09:37:31 PM |
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I think people are uneasy investing a #$% load of money for something virtual. They will come around  |
Bitcoin is like a box of chocolates. You never know what you're gonna get !!
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EvilPanda
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November 12, 2013, 10:45:55 PM |
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I think people are uneasy investing a #$% load of money for something virtual. They will come around Exactly, the price stays around the point of the last big drop because daily traders are affraid it won't go past that point and create sell walls, the price bounces down a bit and up again, but the wall is holding. Now either people start buying with confidence and break the wall or we there will be another correction. IMO the first one is more likely as BTC is booming. |
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randrace
Sr. Member
Offline
Activity: 329
Merit: 250
LTC -> BTC -> Silver!
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November 12, 2013, 11:09:24 PM |
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I'm buying silver at the equivalent of 7USD/oz. Thanks Bitcoin!
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wobber
Legendary
Offline
Activity: 1064
Merit: 1001
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November 12, 2013, 11:21:35 PM |
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I'm buying silver at the equivalent of 7USD/oz. Thanks Bitcoin!
What? How? Sell me at 14? |
If you hate me, you can spam me here: 19wdQNKjnATkgXvpzmSrkSYhJtuJWb8mKs
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johncarpe64
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November 13, 2013, 02:29:09 AM |
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Stop causing the market to panic buy, but yeah the price would be 1000$ so please buy it now  |
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Marbit
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November 13, 2013, 05:01:41 AM |
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I recommend using a log graph for predictions like that.
hear this a lot around here, but i actually think linear is fine on short term..... |
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antimattercrusader
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November 13, 2013, 05:42:49 AM |
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Shit, I just panic punched my cat in the face. I feel bad now.
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BTC: 13WYhobWLHRMvBwXGq5ckEuUyuDPgMmHuK
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AndrewWilliams
Full Member
Offline
Activity: 182
Merit: 100
Fourth richest fictional character
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November 13, 2013, 06:55:51 AM |
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I think people are uneasy investing a #$% load of money for something virtual. They will come around Exactly, the price stays around the point of the last big drop because daily traders are affraid it won't go past that point and create sell walls, the price bounces down a bit and up again, but the wall is holding. Now either people start buying with confidence and break the wall or we there will be another correction. IMO the first one is more likely as BTC is booming. I agree. Something needs to happen to rock this boat. No one is selling because they think we have ways to go; not many people buying because of the high price and fear of a correction. |
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