notme
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March 10, 2012, 07:12:32 AM |
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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.
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adamstgBit
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March 10, 2012, 07:16:32 AM |
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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](https://bitcointalk.org/Smileys/default/rolleyes.gif) ya even I don't place much trust in my thoughts...
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Hunterbunter
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March 10, 2012, 07:51:12 AM |
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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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N12
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March 10, 2012, 09:13:40 AM |
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*yawn* ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FVj6Gj.png&t=665&c=XsCP23gESm7QvQ)
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Hunterbunter
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March 10, 2012, 09:59:50 AM |
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So like...what was that?
Someone poking away...someone else serving them a meal of "shut the hell up"?
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proudhon
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March 10, 2012, 01:50:29 PM |
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I might have been wrong.
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Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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N12
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March 10, 2012, 01:53:38 PM |
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I might have been wrong.
Wrong about what? The secret ball boom rocket?
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proudhon
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March 10, 2012, 02:00:54 PM |
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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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Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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N12
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March 10, 2012, 02:07:48 PM |
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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.
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proudhon
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March 10, 2012, 02:12:15 PM |
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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.
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Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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ineededausername (OP)
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March 13, 2012, 03:42:15 PM |
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The rally will be glorious. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2F4.bp.blogspot.com%2F__fNwlx_au8w%2FS7O4Sx6_JuI%2FAAAAAAAAAqg%2FszyeKYUBmG8%2Fs1600%2FConductor---COLOR-TRANS-122.gif&t=665&c=Tr5jg4vvsCoZaQ) ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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(BFL)^2 < 0
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ineededausername (OP)
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March 14, 2012, 12:30:49 AM |
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We seem to have broken a critical SMA... SMA(210) has proven to be powerful resistance/support in the past. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fbitcoincharts.com%2Fcharts%2Fchart.png%3Fwidth%3D940%26m%3DmtgoxUSD%26SubmitButton%3DDraw%26r%3D360%26i%3D%26c%3D0%26s%3D%26e%3D%26Prev%3D%26Next%3D%26t%3DS%26b%3D%26a1%3DSMA%26m1%3D210%26a2%3D%26m2%3D25%26x%3D0%26i1%3DRSI%26i2%3D%26i3%3D%26i4%3D%26v%3D1%26cv%3D0%26ps%3D0%26l%3D1%26p%3D0%26&t=665&c=NFVEALekYFbSZw)
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(BFL)^2 < 0
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proudhon
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March 14, 2012, 02:37:07 AM |
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We seem to have broken a critical SMA... SMA(210) has proven to be powerful resistance/support in the past. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fbitcoincharts.com%2Fcharts%2Fchart.png%3Fwidth%3D940%26m%3DmtgoxUSD%26SubmitButton%3DDraw%26r%3D360%26i%3D%26c%3D0%26s%3D%26e%3D%26Prev%3D%26Next%3D%26t%3DS%26b%3D%26a1%3DSMA%26m1%3D210%26a2%3D%26m2%3D25%26x%3D0%26i1%3DRSI%26i2%3D%26i3%3D%26i4%3D%26v%3D1%26cv%3D0%26ps%3D0%26l%3D1%26p%3D0%26&t=665&c=NFVEALekYFbSZw) Things could get interesting.
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Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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fcmatt
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March 14, 2012, 04:31:32 AM |
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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. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fbitcoincharts.com%2Fcharts%2Fchart.png%3Fwidth%3D940%26m%3DmtgoxUSD%26SubmitButton%3DDraw%26r%3D120%26i%3D%26c%3D0%26s%3D%26e%3D%26Prev%3D%26Next%3D%26t%3DS%26b%3D%26a1%3DSMA%26m1%3D200%26a2%3D%26m2%3D25%26x%3D0%26i1%3D%26i2%3D%26i3%3D%26i4%3D%26v%3D1%26cv%3D0%26ps%3D0%26l%3D0%26p%3D0%26&t=665&c=4sM-KvE0mBpU9A)
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PatrickHarnett
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March 14, 2012, 04:49:53 AM |
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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.
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ineededausername (OP)
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March 14, 2012, 12:55:19 PM |
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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](https://bitcointalk.org/Smileys/default/wink.gif) However, every market has its own unique SMAs... the 200 clearly doesn't work with the Bitcoin market.
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(BFL)^2 < 0
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conspirosphere.tk
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March 14, 2012, 01:33:12 PM |
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Just in from BitcoinAnalyst - http://chart.ly/symbols/BCOIN : "Bitcoin breakout. Next targets 7.22 $ (2012 high) and ultimately test/break of ATH (32$)" ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fchart.ly%2Fuploads%2Fstream_h5a8o96.png%3F1331708453&t=665&c=I3MPbSBUshj0LQ)
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notme
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March 14, 2012, 03:48:15 PM |
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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](https://bitcointalk.org/Smileys/default/wink.gif) 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.
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