Ninjastic
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 12/08/2016, 07:28:37 UTC
Quote from: chesthing on August 12, 2016, 04:38:47 AM
Quote from: JayJuanGee on August 12, 2016, 02:31:50 AM
Quote from: chesthing on August 12, 2016, 01:42:34 AM
Quote from: JayJuanGee on August 12, 2016, 01:18:47 AM
Quote from: chesthing on August 12, 2016, 12:04:10 AM
What, you think just because you weren't part of the bitfinex hack you are immune?  Cheesy this shit's going down, for how long I don't know.


Have you always been bearish, or are you talking your book?

I don't know how you can speak with such certainty regarding the price direction of this market... overall we still seem to be in a bull trend. 

Sure we can experience some downwards price movements here and there, including the news of the bitfinex situation, but it also seems to that the bitfinex situation has largely been resolved and we are in a holding pattern at the moment..   Surely bitfinex may not do too well from this fall out, and maybe they are going to need to create some trading incentives, such as lowering fees.. but they have not even re-opened their margin trading yet, which actually could create some increases in volume, maybe?

From here?  Hm?  I am kind of a sense that a 10% increase is more likely than a 10% decrease.. in other words, I am more inclined to believe that we are going to see $650 and above before we see $520 and below.. but I am not going to bet either way and I guess I am prepared for either direction.

Let's see who is right.

Of course, I am going to be right...

You are talking in terms of absolutes, and I am talking in terms that I believe that the odds are a bit more favorable to go up by  10% than to go down by 10% from this price point.   

So, even if you happen to get it right and we happen to see $520 before we see $650, you are not talking reasonably (which makes me right.. hahahahahha).  The ridiculous part about your phraseology should be apparent that there are no absolutes when it comes to the markets and predicting or describing the future... On the other hand, if we are talking about the past, then it is reasonable to talk in terms of absolutes.

Wtf drugs are you on? I want some.


It is called making a serious attempt to employ facts and logic in order to try to come to meaningful projections about the future, rather than employing conclusory language that is not backed up by anything but black and white erroneous thinking.   Tongue Tongue Tongue  You should try it, sometime.    Roll Eyes