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Author Topic: Who was right and who was wrong?  (Read 2480 times)
old_engineer
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December 01, 2011, 07:25:45 AM
 #21

Phorensic has been wrong so far:

I shorted at 2.75 and then more at 2.80.  I'm sure it will fall back to 2.50, even if momentarily.  The waiting is killing me.  I'm a day trader, not a big slow swing trader dangit.
Yep.  Take my advice with a grain of salt.  I made a ton of positive trades before that...I mean a ton.  Here we are above 3.00 and I took a 12% loss on my shorts to open a long.  I talk, but I am no S3052 type person to guarantee my advice.  I still suck at this IMO.

Sorry, my terse wording seemed a bit harsh, and wasn't meant to be.  I missed the most recent pop and retrenchment, too, selling at $2.94-ish and re-buying at $3, I just didn't post a prediction. Smiley  Now I'm mostly long and thinking I'll hold tight for a while until Gox works out the bugs in the new UI.

Speaking of which... anyone know why it went from $2.88 to $3.09 in the space of an hour, taking out a $15k bidwall with a whole bunch of small buys? Seems to have caught most everyone by surprise.
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phorensic
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December 01, 2011, 07:55:39 AM
 #22

No offense taken.  I was just agreeing with you.  People can actually get along on forums! *gasp*
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December 01, 2011, 09:21:17 AM
 #23

I predict that bitcoin pricing is irrelevant.

Bitcoin combines money, the wrongest thing in the world, with software, the easiest thing in the world to get wrong.
Visit www.thevenusproject.com and www.theZeitgeistMovement.com.
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December 01, 2011, 10:34:08 AM
 #24

I predict that bitcoin pricing is irrelevant.


Yet you are posting in the speculate about the price forum. 

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old_engineer
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December 01, 2011, 11:21:06 AM
 #25

I predict that bitcoin pricing is irrelevant.


Yet you are posting in the speculate about the price forum. 
... not to mention being completely wrong, as it can't be too low, too high, or too variable. A bitcoin price of $0.001 means no transactions greater than $7,800 would be possible; a price of $150 would mean ~$1 million USD bitcoins would drop on the market every day, swamping it; and any price point that has even 10% variability per hour would not be accepted by vendors.  Besides that, yeah, price is mostly irrelevant. Smiley
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