Wilhelm
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Activity: 1652
Merit: 1265
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November 30, 2018, 08:34:42 AM |
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Bitcoin is like a box of chocolates. You never know what you're gonna get !!
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You get merit points when someone likes your post enough to give you some. And for every 2 merit points you receive, you can send 1 merit point to someone else!
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Dogboy714
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Activity: 51
Merit: 11
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November 30, 2018, 05:13:24 PM |
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I just meant that other charts have shown that we've been down to -2 in the past, where as this one only shows historical BETI's as low as -1. Playing around with the function - setting the date to 2008 instead of 2010 just to see where BETI would be at 0 in two years, it looks like around $260,000. Yikes! I doubt we are ever crossing BETI 0 again - I like the -.5 call. Maybe I messed with the function wrong? Here you can see the trending: https://www.tradingview.com/chart/BLX/BfCVXzZv-Patience-will-be-rewarded/-.5 might even be a stretch unless we get a serious recovery short-term. |
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mmortal03
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Activity: 1762
Merit: 1010
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December 01, 2018, 10:07:07 AM |
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Excellent work! Finally something real-time with the dates labeled. |
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El duderino_
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Activity: 2492
Merit: 11988
BTC + Crossfit, living life.
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December 01, 2018, 10:28:20 AM |
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Historically a good time to increase BTC exposure. Unless you have given up on the dream of course   |
XhomerX10 designed my nice avatar HATs!!!!! Thanks Bro
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LFC_Bitcoin
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Activity: 3514
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#1 VIP Crypto Casino
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December 01, 2018, 02:13:30 PM |
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Historically a good time to increase BTC exposure. Unless you have given up on the dream of course  NEVER !!!!! |
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of00160
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Activity: 8
Merit: 1
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December 05, 2018, 02:53:23 AM |
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It is hard to believe but we could be heading over 90% undervaluation soon.
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mmortal03
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Activity: 1762
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December 05, 2018, 08:45:36 AM |
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It is hard to believe but we could be heading over 90% undervaluation soon.
Only if you bought solely at the very top. You can always dollar cost average in. |
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d57heinz
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Activity: 1453
Merit: 1011
Bitcoin Talks Bullshit Walks
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December 05, 2018, 11:24:42 AM |
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It is hard to believe but we could be heading over 90% undervaluation soon.
Only if you bought solely at the very top. You can always dollar cost average in. Yep there will be a lot of those folks. Future bitcoin shillers. I mean someone gotta buy the bags right. That’s what insures bitcoin survives. There’s always a greater fool. BR |
As in nature, all is ebb and tide, all is wave motion, so it seems that in all branches of industry, alternating currents - electric wave motion - will have the sway. ~Nikola Tesla~
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of00160
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Activity: 8
Merit: 1
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December 05, 2018, 01:20:30 PM |
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It is hard to believe but we could be heading over 90% undervaluation soon.
Only if you bought solely at the very top. You can always dollar cost average in. Yep there will be a lot of those folks. Future bitcoin shillers. I mean someone gotta buy the bags right. That’s what insures bitcoin survives. There’s always a greater fool. BR You guys were ahead of the game and had an idea of “overvaluation” and “undervalauation”. The next dum money wont have any clue how to evaluate bitcoin. Like some people still dont believe in the bitcoin logarithmic trend line, which going to get them rekt on the next Bubble. |
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DieJohnny
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Activity: 1639
Merit: 1004
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December 06, 2018, 04:59:42 PM |
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This last month drop seems to be unprecedented from a BETI chart perspective. Almost all drops of 50% have had a sharp rebound almost immediately afterwards.
I feel like the next few weeks will try men's souls. If you thought the Bitcoin death knell march was loud before... I get the feeling we are heading for a cacophony of haters coming in below $3k.
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Those who hold and those who are without property have ever formed distinct interests in society
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Dogboy714
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Activity: 51
Merit: 11
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December 07, 2018, 06:33:18 AM |
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We are on a SQRT curve - no worries - the BETI's are gonna fade but can still be an indicator for tops and bottoms...
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Hope_Trader
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Activity: 27
Merit: 1
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December 07, 2018, 11:18:56 PM |
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This last month drop seems to be unprecedented from a BETI chart perspective. Almost all drops of 50% have had a sharp rebound almost immediately afterwards.
I feel like the next few weeks will try men's souls. If you thought the Bitcoin death knell march was loud before... I get the feeling we are heading for a cacophony of haters coming in below $3k.
yeah I too am concernced for the new market conditions... the whole market is different now. Previously it was the early players, the nerds, the tech heads, the believers, and there was buying all the way down. This drop is different... and equity markets may be about to go major bear. looking for a bounce from here though, how high will be very telling. shorts on bfx are totally euphoric right now, a strong indication of what the majority of the market thinks about bitcoin. In the same way they thought it would get them rich going up, they will blindly short all the way down, close eyes, and still profit :/ |
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Syke
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Activity: 3878
Merit: 1193
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December 08, 2018, 01:34:42 AM |
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Wow, below -1.5. It's been a long time since we've been that low.
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Buy & Hold
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Dogboy714
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Activity: 51
Merit: 11
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December 08, 2018, 05:31:20 AM |
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The range is moving down via a SQRT curve of sorts - we aren't ever breaking zero again and if we touch -.5, sell everything! I like this indicator, but it should somehow evolve away from log and towards a more gradual curve. I patiently waited for another 1.5 on the last run up without realizing this.
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Majormax
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Activity: 2534
Merit: 1129
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December 09, 2018, 04:57:55 PM |
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This last month drop seems to be unprecedented from a BETI chart perspective. Almost all drops of 50% have had a sharp rebound almost immediately afterwards.
I feel like the next few weeks will try men's souls. If you thought the Bitcoin death knell march was loud before... I get the feeling we are heading for a cacophony of haters coming in below $3k.
Now I look at it carefully, yes, that is true. A bit worrying, although maybe it can mark a local low on the chart. A rebound to 5k now would be comforting, but even then, this bear market has a lot longer to run, as it hasn't completed it's work. |
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Majormax
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Activity: 2534
Merit: 1129
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December 09, 2018, 05:02:20 PM |
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Looking back (for many years) on all the speculation and price-following threads there is one trend that seems to be consistent.
Price forecasts (even correct ones) are always on a time scale which turns out to be too short. In other words ppl always expect the price action (target) to come a lot sooner than it actually does.
Conclusion : Be a lot more patient, and look at a longer time horizon !
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mmortal03
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Activity: 1762
Merit: 1010
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December 09, 2018, 06:53:01 PM |
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Conclusion : Be a lot more patient, and look at a longer time horizon !
And always buy the dip!  |
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infofront
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Activity: 2632
Merit: 2780
Shitcoin Minimalist
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December 09, 2018, 11:43:50 PM |
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It seems more likely that bitcoin is on a logarithmic regression curve, like so:  |
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of00160
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Activity: 8
Merit: 1
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December 11, 2018, 03:58:43 AM |
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The chart has been updated recently by Marc De Mesel Below is the link to his YT video. I refer to this chart and believe would could see more than 75% undervaluation https://www.youtube.com/watch?v=k9JsmelO12s |
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