Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 20/03/2018, 23:53:44 UTC
Hmm, I must not be seeing what you're seeing, JJG.

Something important that you said is that one can refer to previous periods as general frames of how the market will behave in the immediate future, and I think a lot of people misunderstand that. I'm glad to see you explaining that in such a great way. The price discovery near $13,000 is not sufficiently done, and I think that it will take more than a year to reach back over the heights of last year.

I can't think of anything fun ether. I was hoping to come up with some fun "I told you so", but... yeah. I guess we just wait and see.


Sometimes, a friendly bet can be made for fun, and such bet could be used as a hedge against other market positions that are taken.  I would not mind some small bet but sometimes it can be difficult to frame such a bet in a way that each side is willing to take the opposite position. 

You actually asserted a fairly high level of confidence that BTC prices would stay within a range, such as between $5k and $20k for the next year (or it's going to take more than a year to sort out), but you seemed to also give decent odds that BTC prices would stay within even a more narrow range for the next year, so in that regards, you are asserting that the price would not come close to the outside of those outside price points of $5k and $20k. 

There could be room for a bet there if you are willing to narrow your prediction range, but such bet, if we did it, would be merely based on my thinking: 1) the odds of going outside your range are greater than you think and 2) you are premature in your calling such a lengthy consolidation period for the BTC price.   THIS IS BITCOIN, by the way... hahahahahaha...

 If you are willing to state a more narrow range for the BTC price for the next 12 months, I might be willing to make a gentlemen's bet with you regarding your prediction.. that is maybe the closest to a level of conviction game that I could consider at the moment... and especially if we are both coming off as a bit wimpy in what we are willing to call.  The best bets come from folks who take stronger positions, but if you are willing to take what I consider to be a strong position regarding a relatively narrow consolidation period within the next 12 months, I might be wiling to oppose you with mula.