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Author Topic: point of maximum pain  (Read 12381 times)
DieJohnny
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October 03, 2014, 07:43:05 PM
 #121

...
The next bubble could peak this July-August at $6000...
Roll Eyes

I know right....

The hubris I tell myself and I take from others, just too damn funny.

Those who hold and those who are without property have ever formed distinct interests in society
SlipperySlope
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October 03, 2014, 08:56:25 PM
 #122

...
The next bubble could peak this July-August at $6000...
Roll Eyes

I know right....

The hubris I tell myself and I take from others, just too damn funny.

That was my projection back in April. I plan to refit the model to the price or market cap data at the next bubble peak or year-end 2014, whichever comes first. Meanwhile, I have steadily bought more bitcoin - the most recent purchase from my local ATM two days ago.

The model ...
https://docs.google.com/spreadsheet/ccc?key=0ArD8rjI3DD1WdFIzNDFMeEhVSzhwcEVXZDVzdVpGU2c
NotLambchop
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October 03, 2014, 09:01:23 PM
 #123

...
The next bubble could peak this July-August at $6000...
Roll Eyes

I know right....

The hubris I tell myself and I take from others, just too damn funny.

That was my projection back in April. I plan to refit the model to the price or market cap data at the next bubble peak or year-end 2014, ...

Whatever model you used, don't adjust it.  Burn it with fire.
SlipperySlope
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October 04, 2014, 01:19:18 AM
 #124

Whatever model you used, don't adjust it.  Burn it with fire.

Respectfully, intangible things do not combust. Nor would I destroy it if that is your meaning, rather I plan to adjust it given more data.
DieJohnny
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October 04, 2014, 07:58:42 AM
 #125

Whatever model you used, don't adjust it.  Burn it with fire.

Respectfully, intangible things do not combust. Nor would I destroy it if that is your meaning, rather I plan to adjust it given more data.

Please share when you do. I can't imagine that anyone can come up with a reasonable story about Bitcoin growth at this point.

the Log Log chart is now a thing of comedy in bitcoin history.

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cbeast
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October 04, 2014, 08:03:24 AM
 #126

Whatever model you used, don't adjust it.  Burn it with fire.

Respectfully, intangible things do not combust. Nor would I destroy it if that is your meaning, rather I plan to adjust it given more data.

Please share when you do. I can't imagine that anyone can come up with a reasonable story about Bitcoin growth at this point.

the Log Log chart is now a thing of comedy in bitcoin history.
I would like to see a log chart with volume over time factored in as weight. Such a chart would put things in better perspective. This low volume activity dumping price is suspicious.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
DeadCoin
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October 04, 2014, 08:10:42 AM
 #127

...
The next bubble could peak this July-August at $6000...
Roll Eyes

I know right....

The hubris I tell myself and I take from others, just too damn funny.

That was my projection back in April. I plan to refit the model to the price or market cap data at the next bubble peak or year-end 2014, whichever comes first. Meanwhile, I have steadily bought more bitcoin - the most recent purchase from my local ATM two days ago.

The model ...
https://docs.google.com/spreadsheet/ccc?key=0ArD8rjI3DD1WdFIzNDFMeEhVSzhwcEVXZDVzdVpGU2c

That's not a model, that's wishful thinking.
And stop using log scale ffs
Hunyadi
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October 04, 2014, 08:15:54 AM
 #128

I don't feel any, do you?

Well not yet..... but I don't care worry about much of anything that is out of my control. We will see .....

Do you guys own any bitcoins? If you don't, it's no wonder you don't feel pain  Grin

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NotLambchop
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October 04, 2014, 06:50:16 PM
 #129

Whatever model you used, don't adjust it.  Burn it with fire.

Respectfully, intangible things do not combust. Nor would I destroy it if that is your meaning, rather I plan to adjust it given more data.

Pedant.
Don't adjust it.  Kill it before it lays eggs.
zimmah
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October 04, 2014, 08:32:53 PM
 #130

Looking around at the forums, seems like we hit the point of maximum trolling.

That's a good sign, isn't it?
Bagatell
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October 04, 2014, 08:44:15 PM
 #131

Looking around at the forums, seems like we hit the point of maximum trolling.

That's a good sign, isn't it?

As portents go, that is in fact, good news.
Apraksin
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October 04, 2014, 08:45:00 PM
 #132

Pain is strong now, capitulation incoming.
DieJohnny
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October 08, 2014, 02:02:31 AM
 #133

I don't feel any, do you?

Well not yet..... but I don't care worry about much of anything that is out of my control. We will see .....

Do you guys own any bitcoins? If you don't, it's no wonder you don't feel pain  Grin

yep 92....

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megadeth
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January 03, 2015, 09:51:45 PM
 #134

Paging master Proudhon.

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Bagatell
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January 03, 2015, 09:57:17 PM
 #135

Pain is strong now, capitulation incoming.

Enough pain yet?

marvinrouge
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January 03, 2015, 10:03:13 PM
 #136

According to the theory of maximum pain the low would be under the symbolic 266 frontier, just to panic everyone, but above 200 so that the sellers could't benefit their panic sells... So maybe just in the middle... 233 ? Grin
sgbett
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January 03, 2015, 10:04:30 PM
 #137

According to the theory of maximum pain the low would be under the symbolic 266 frontier, just to panic everyone, but above 200 for the sellers would not be able to benefit their panic sells... So maybe just in the middle... 233 ? Grin

this sounds most likely of all - a huge and rapid spike too, so the most people get wiped out, and the fewest people can take a new position before the price shoots back up.

"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto
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Pecunia non olet
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January 03, 2015, 10:16:43 PM
 #138

Pain is strong now, capitulation incoming.

pahaha
that was in october

You're in 6 months all be like "capitulation is coming", "shake out weak hands", "this is the bottom"
when we are at 60$

megadeth
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January 13, 2015, 11:17:52 PM
 #139

Proudhon, show us the path of the Mighty Karhu

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SmoothCurves
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January 13, 2015, 11:25:56 PM
 #140

According to the theory of maximum pain the low would be under the symbolic 266 frontier, just to panic everyone, but above 200 for the sellers would not be able to benefit their panic sells... So maybe just in the middle... 233 ? Grin

this sounds most likely of all - a huge and rapid spike too, so the most people get wiped out, and the fewest people can take a new position before the price shoots back up.

Looks like it was 219 on Bfinex
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