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Author Topic: A question to anyone who still doubts Bitcoin:  (Read 4038 times)
NationOwnedCCNow
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April 09, 2014, 12:43:57 PM
 #1

Sure, "China made the bubble" does have a valid point. I'm not debating or questioning that. I don't care. I care about Logic patterns.


Can someone solve this for me?? Please, I don't understand..


https://encrypted-tbn1.gstatic.com/images?q=tbn:ANd9GcSWARBDPoFBzeXdJ-uPZO7mzu_QDm2cMTcpsNfrlNnE38Eqahjc




And then, while Your brain is turned on, please use that all-powerful Computing Power of Your brain to predict this one aswell:


https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcQoKzzpzgAfq3FjHIRjFtNo6yt6RztSvrZbRyVSCPdNSI5fgrP5


Personally, I make 2 conclusions:

Price will not og lower than now. Maybe alittle, but not much.

Anyone that wants to be Rich has to buy within 1-90 days.
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Dafar
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April 09, 2014, 01:12:26 PM
 #2

Anyone that wants to be Rich has to buy within 1-90 days.

How rich are we talking about buddy?




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BitCoinsLOL
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April 09, 2014, 01:17:32 PM
 #3

 If you want to buy great but you shouldn't tell others to buy without any in depth analysis.

I never thought my life could be. Anything but catastrophe. But suddenly I begin to see. A "BIT" of good luck for me. Cause I've got a golden ticket!
g4c
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April 09, 2014, 01:18:04 PM
 #4

The trouble with Bitcoin is that it's growing at a logarithmic rate.

This makes it hard to "see" the trend.

Log scale helps alot:


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coinits
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April 09, 2014, 01:19:37 PM
 #5

The trouble with Bitcoin is that it's growing at a logarithmic rate.

This makes it hard to "see" the trend.

Log scale helps alot:



moonshot

Jump you fuckers! | The thing about smart motherfuckers is they sound like crazy motherfuckers to dumb motherfuckers. | My sig space for rent for 25 btc per week.
EasySam
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April 09, 2014, 01:26:08 PM
 #6

It will be 9 ? Well I'm not sure.

Also making decision based only on graph...
NationOwnedCCNow
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April 09, 2014, 01:28:49 PM
 #7

https://ip.bitcointalk.org/?u=https%3A%2F%2Fwww.tradingview.com%2Fi%2FeZweFhJC%2F&t=538&c=nkNRFuib8QK82w

Add this Picture to the Whole.



End of discussion. 1-90 days.
NationOwnedCCNow
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April 09, 2014, 01:34:56 PM
 #8

It will be 9 ? Well I'm not sure.

Also making decision based only on graph...


The thing is: The graph is based on reality, not fiction.
the_sunship
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April 09, 2014, 01:37:27 PM
 #9

the answer is 9

I love that log chart!
LOADING.READY.RUN
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April 09, 2014, 06:37:04 PM
 #10

The thing is: The graph is based on reality, not fiction.

The thing is: The graph is based on the past, not the future.

Extrapolating is always dangerous. It works till it doesn't.

I also expect that we're probably shooting up by a factor of 5-10 in a few months...

But it isn't a given.
Dafar
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April 09, 2014, 06:46:30 PM
 #11

The thing is: The graph is based on reality, not fiction.

The thing is: You don't know shit buddy.




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IIOII
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April 09, 2014, 07:30:25 PM
 #12

The thing is: The graph is based on reality, not fiction.

The thing is: The graph is based on the past, not the future.

Extrapolating is always dangerous. It works till it doesn't.

I also expect that we're probably shooting up by a factor of 5-10 in a few months...

But it isn't a given.

This.

Technical analysis uses a lot of selective sampling and selective selection of analysis strategy. For example: What exactly is the justification to choose a logarithmic scale? Just because this is the only scale where you can draw a trendline?

That's not proper science, it's manipulative selection of methods (and timeframe) until you get the results you want to get.
NationOwnedCCNow
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April 09, 2014, 10:19:34 PM
 #13

The thing is: The graph is based on reality, not fiction.

The thing is: The graph is based on the past, not the future.

Extrapolating is always dangerous. It works till it doesn't.

I also expect that we're probably shooting up by a factor of 5-10 in a few months...

But it isn't a given.

This.

Technical analysis uses a lot of selective sampling and selective selection of analysis strategy. For example: What exactly is the justification to choose a logarithmic scale? Just because this is the only scale where you can draw a trendline?

That's not proper science, it's manipulative selection of methods (and timeframe) until you get the results you want to get.

Selective sampling and selective selection? Wtf have you been smoking bro? Give me some of that sht!

What is "selective" on the graphs? There's an X and a Y axis, time and market value. That's it, nothing taken away and nothing added.

Justification to chose a logarithmic scale? Well you answered that yourself didnt you: You can Draw a trendline, see the trend of the curve and make a prediction.

It ain't proper science? Ofcourse not. The sentence following that is fkn stupid though. "Manipulative selection of Methods until a wanted result is given." Erm... No?

 You are free to make a graph on Your own proving me it's possible to stick to facts, as theese graphs do,  and get a different result.
eiskalt
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April 09, 2014, 10:34:45 PM
 #14

Yep, it is 9.

If in doubt, it is 42...

...always

Your second question cannot be answered, because it involves time, which may or may not be (pre-)determined.

Even if it would be determined: I personally never met a person, that was able to predict future events.

Anyone that wants to be Rich has to buy within 1-90 days.

I would prefer to wait 90 days.
jrossIV
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April 09, 2014, 10:38:15 PM
 #15


I was not a huge believer in BTC at first. 

I suppose I should feel a bit concerned that it has dropped as much. 

I don't. 

I'm currently buying.  The US has a defacto legalization of bitcoin.  China and other less free countries are banning it due to its power.  This to me shows that it is legitimate.  I'm dipping my toes in the water.  Ever so slightly.
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April 09, 2014, 10:50:30 PM
 #16

Anyone that wants to be Rich has to buy within 1-90 days.

I don't think a person buying only 1BTC is ever going to become rich off of it, whether they buy it now or in 3 months. You'd have to buy a decent amount of coins now to potentially become wealthy from it, and there is a lot of risk as we're still in an experimental stage. The days of putting a few hundred bucks into BTC and becoming rich are over.

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Dr. LY
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April 09, 2014, 11:04:21 PM
 #17

Even as a permabull I find this post stupid, because you're saying that exponential growth can continue forever.
aminorex
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April 09, 2014, 11:16:15 PM
 #18

Even as a permabull I find this post stupid, because you're saying that exponential growth can continue forever.

I don't think anyone makes that claim.  Merely that it can continue for quite a while longer. 

Give a man a fish and he eats for a day.  Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
rogerwilco
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April 09, 2014, 11:16:30 PM
 #19

The answer is 3. There's an alternating pattern along these lines:

NationOwnedCCNow
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April 10, 2014, 12:29:11 AM
 #20

The answer is 3. There's an alternating pattern along these lines:

http://i222.photobucket.com/albums/dd21/shadyparadox/pattern_zps12a4a7fe.png


 Cheesy


To anyone who doubt 1 btc will make you Rich: Maybe.

Id say the next rise is 100% certain. Then there COULD be 5-10 more. But this all Depends on the world government aka Federal Reserve. To be honest, I don't think Max Keisers 40,000$/Bitcoin is that crazy. Though, it doesn't have to say anything about Bitcoins value going up but could be the dollar going down so in that sense its more or less an undeniable fact that Bitcoin will be 40,000$

3 scenarios:

1: current monetary system keeps rolling and Bitcoin "Stays" on the same value. This will , sooner or later, make 1 btc Worth 40,000$.

2: Current system does not keep rolling and we have a hyperinflation of the dollar in 0.5-5 years. Hyperinflation = Scenario 1 but a lot faster

3: Bitcoin is not hindered by government and it can naturally evolve into its full potential. Then we will have Bitcoin at 40,000$ OF THE CURRENT USD VALUE With a 110% certainty.



Yet one must remember: Shit happens and in 10 years we all might be a bunch of broken n poor dreamers who remember what could have happened if only all humanity would know what we knew those 10 years ago. And the few of us who still fights on and tries to revive it are being hunted down by government ninja assassins. Cyborg, artificial intelligence controlled, ninja assassins. 
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