Quote from: Raize on January 02, 2017, 07:07:55 PM

I noticed we've had some crazy increases recently and just wanted to say that the two algorithms of my own here that I posted earlier in this thread have been thoroughly trashed now due to these recent price increases. Unless the market is heavily overbought, I have no way to use them or anything I've worked on to justify the present price. It's not uncommon to see some drastic volatility in Bitcoin, but even my estimates would have never predicted we'd see $1k or more this early. The scale of the increases is just too high for Bitcoin to be closing in on its all-time high this soon. Even my most accelerated version had us not hitting parity till after April of 2017. Unless there's a huge sell off or stagnation in price for the next four months, I'm not sure my algorithm will be anything close to legit.

That could be a good thing, maybe it means the price is going much higher much sooner, and it could mean hacknoid's 900 day cycles could be more accurate, even if they did kind of lag early on.

Good read: http://www.zerohedge.com/news/2017-01-02/bitcoin-surges-above-1000-china-unveils-new-capital-controls