Quote from: miscreanity on January 11, 2017, 07:36:53 PM

Imagine my surprise when the projection channel (red parallel lines) that I had added yesterday wound up being the stopping point of the decline.

Price had spiked to just below that channel but climbed back in almost immediately. It is still possible for a decline to around $700 but, if the projection channel holds, we may be set for an acceleration in value to the upside. Otherwise the longer-tem handle of the cup & handle becomes a stronger probability.

For now, I'm buying a small position at 780 with an eye to stop out at 760.

This very high volatility is indicative of shaking the trees of weak hands and stop losses on the way to much higher prices.

The $700 cup is still possible though, because the price rise acceleration was extreme and we may not yet be ready to enter the phase transition. Perhaps the global capital controls are not extreme enough yet. Yet I think that accelerated channel may hold up.

Quote from: iamnotback on December 13, 2016, 05:11:51 PM

$1300 in 2017, probably within 6 months or less. We've broken out above $788 Bitfinex-hack high, accelerating, opening wedge, and two flag patterns. This is uber bullish.

Yet with $700 as the absolute bottom, I would be buying hand and fist with no stop loss above $700 at this point. Although they say don't catch a falling knife, but is this really a crash (exchanges being investigated bullshit rumor to shake the trees?) or just a taking profits -> stop-loss -> piling on short correction?

Quote from: iamnotback on January 08, 2017, 06:11:31 AM

I don't subscribe to any specific prediction, but volatility does appear to be increasing.

If you want to ride this wild horse, don't get thrown off.

Again back to the theme of this thread. Buy when others are irrationally short or pessimistic. We are in a sustained bull market now. All pullbacks are to the bought aggressively.

My prior two posts explained why Bitcoin is in a perma bull uptrend now. The early adopter bubble of 2013 is behind us. We are in the massive adoption phase now as the new gold to avoid capital controls. This will provide the impetus for another massive speculation bubble with grandmas piling in later at nosebleed prices ($5000+).

Quote from: iamnotback on January 10, 2017, 03:29:49 PM

That author needs to read this thread and pay attention to the charts I posted upthread about technology adoption.

Bitcoin is now entering a more mature phase of investment/speculation (albeit with increasing volatility as the price moves higher faster) as it has matured into a vehicle for international capital transfer. The current price rise is a stable trajectory which is only in its infancy. The price is going much, much higher.

...

Tonight some random 20-something filipina (girl) asked me if Bitcoin is real bcz her friend is trying to sell her Bitcoin. That is a sign that Bitcoin is becoming much more mature! Asian girls selling each other Bitcoin.

Readers make sure you review the following two upthread posts:

https://bitcointalk.org/index.php?topic=1663070.msg17172787#msg17172787

https://bitcointalk.org/index.php?topic=1663070.msg16697003#msg16697003