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Author Topic: This might be the end of the correction  (Read 7212 times)
notme
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March 10, 2012, 07:12:32 AM
 #101

a very slow down to 4.25, fallowed by a even slower climb up and over 5.1 at which point news about some new service offered in bitcoin will trigger a wave of new money willing to buy coins no matter what the cost. hell slips open... the never ending bull run continues

I could buy that, but I don't discount the other possibilities as easily as you seem to.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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adamstgBit
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March 10, 2012, 07:16:32 AM
 #102

a very slow down to 4.25, fallowed by a even slower climb up and over 5.1 at which point news about some new service offered in bitcoin will trigger a wave of new money willing to buy coins no matter what the cost. hell slips open... the never ending bull run continues

I could buy that, but I don't discount the other possibilities as easily as you seem to.

  Roll Eyes ya even I don't place much trust in my thoughts...


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March 10, 2012, 07:51:12 AM
 #103

I think my tune would also be so amazingly different if we had at least tapped or broken $5.20 this last week...that was a bit disappointing for me because I went long early in anticipation.
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March 10, 2012, 09:13:40 AM
 #104

*yawn*


"Bitcoin had been transformed from an anarachistic challenge to the financial status quo, to the crypto spawn of Satan, fuelled by cut-throat greed and delusions of avarice." - MatTheCat
"these people don't seem to want to stop till Bitcoin is completely destroyed and left like an old cum rag in the corner of the room." - ShroomsKit
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March 10, 2012, 09:59:50 AM
 #105

So like...what was that?

Someone poking away...someone else serving them a meal of "shut the hell up"?
proudhon
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March 10, 2012, 01:50:29 PM
 #106

I might have been wrong.
Blitz­
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March 10, 2012, 01:53:38 PM
 #107

I might have been wrong.
Wrong about what? The secret ball boom rocket?

"Bitcoin had been transformed from an anarachistic challenge to the financial status quo, to the crypto spawn of Satan, fuelled by cut-throat greed and delusions of avarice." - MatTheCat
"these people don't seem to want to stop till Bitcoin is completely destroyed and left like an old cum rag in the corner of the room." - ShroomsKit
proudhon
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March 10, 2012, 02:00:54 PM
 #108

I might have been wrong.
Wrong about what? The secret ball boom rocket?

Yes.  BTW, I used bitinstant for the first time the other day to transfer some more money to MtGox and I was impressed by how well it worked.  It really was almost instant after I made the deposit at Bank of America.  Sweet.
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March 10, 2012, 02:07:48 PM
 #109

Yes.  BTW, I used bitinstant for the first time the other day to transfer some more money to MtGox and I was impressed by how well it worked.  It really was almost instant after I made the deposit at Bank of America.  Sweet.
But isn’t Bitinstant horribly expensive? I only see a use in it when you need it right now or know that the price will explode or crash soon and want to catch it for that reason.

Also, I don’t think you have been proven wrong just yet.

"Bitcoin had been transformed from an anarachistic challenge to the financial status quo, to the crypto spawn of Satan, fuelled by cut-throat greed and delusions of avarice." - MatTheCat
"these people don't seem to want to stop till Bitcoin is completely destroyed and left like an old cum rag in the corner of the room." - ShroomsKit
proudhon
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March 10, 2012, 02:12:15 PM
 #110

Yes.  BTW, I used bitinstant for the first time the other day to transfer some more money to MtGox and I was impressed by how well it worked.  It really was almost instant after I made the deposit at Bank of America.  Sweet.
But isn’t Bitinstant horribly expensive? I only see a use in it when you need it right now or know that the price will explode or crash soon and want to catch it for that reason.

Also, I don’t think you have been proven wrong just yet.

It certainly would have been a lot cheaper percentage wise to do a wire transfer, but (1) I wanted to try it out, and (2) I wanted the money in there fast
ineededausername
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March 13, 2012, 03:42:15 PM
 #111

The rally will be glorious.



Grin

(BFL)^2 < 0
ineededausername
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March 14, 2012, 12:30:49 AM
 #112

We seem to have broken a critical SMA...

SMA(210) has proven to be powerful resistance/support in the past.


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proudhon
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March 14, 2012, 02:37:07 AM
 #113

We seem to have broken a critical SMA...

SMA(210) has proven to be powerful resistance/support in the past.



Things could get interesting.
fcmatt
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March 14, 2012, 04:31:32 AM
 #114

Did you just keep putting in random numbers for the SMA until you saw something interesting?
Who looks at the SMA with that value? I mean I could see using a 200 day value but 210?
Making a graph show what you want to see is hardly interesting. The 200 day SMA will clearly
show bumps above the line quite a few times.

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March 14, 2012, 04:49:53 AM
 #115

hmmm

I don't look at the SMA210 when I'm making a trading decision, and I am sure many other do not either.  When the link between chartists and real people is confirmed, then I might take notice.  Until then, stochastic human behaviour beats empirical analysis. 
ineededausername
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March 14, 2012, 12:55:19 PM
 #116

Did you just keep putting in random numbers for the SMA until you saw something interesting?

I sure did.  It's probably rather unscientific Wink
However, every market has its own unique SMAs... the 200 clearly doesn't work with the Bitcoin market.

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conspirosphere.tk
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March 14, 2012, 01:33:12 PM
 #117

Just in from BitcoinAnalyst - http://chart.ly/symbols/BCOIN :
"Bitcoin breakout. Next targets 7.22 $ (2012 high) and ultimately test/break of ATH (32$)"


notme
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March 14, 2012, 03:48:15 PM
 #118

Did you just keep putting in random numbers for the SMA until you saw something interesting?

I sure did.  It's probably rather unscientific Wink
However, every market has its own unique SMAs... the 200 clearly doesn't work with the Bitcoin market.

Read up on "overfitting" and you'll understand why this is a bad idea.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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