Ninjastic
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
windjc
on 12/12/2013, 10:45:22 UTC
Quote from: Vycid on December 12, 2013, 10:41:44 AM
Quote from: rpietila on December 12, 2013, 10:33:43 AM
Quote from: Vycid on December 12, 2013, 10:11:06 AM
Quote
It took years to recover from 2011. It took months to recover from April 2013.  This rally will be even easier to recover from. Barring some bad news, it won't take several months before we start going up again. We might, MIGHT, dip below $600 but I really doubt it. I thought for sure we would go back to $50. So much so that I ignored the obvious fact that the bottom was in at $66.  People are staring at $600 now. Everyone knows the significance of that #.   Barring bad news, I don't think we go below it.  If we do then $500 will be the absolute bottom. But we will be headed north again, most bearish scenario, by February.

Agreed. The cycle is accelerating, all the signs are there. We're hitting the mainstream. Train is picking up steam, if you like.

Risto and the bears are myopically pointing to the meaningless trendline... look at the time lag between the April and November rallies compared to the behavior before, and tell me this thing isn't accelerating.

I'd be unsurprised to see the next rally inside of 3 months.

I have also had my first bubble, which is characterized by disbelief, and the second (first in which I was invested) characterized by euphoria and denial of bubblepop. Now in my third bubble I am wiser and know the trendline, and the value of pi() is still 3.14159... even in heaven, and some things just don't change, and even if they do, you can quantify then mathematically. This is analysis over emotion thing now. Some point in the next 3 months we will see 0.5, possibly lower, and afterwards I will tell you how much I made.

You(pl.) sound so much like me last April that I wonder if your investor cycle is one bubble behind me  Cheesy

You keep talking over and over about analysis, but the only analysis of substance that I've seen is the trendline, and you should know from undergraduate statistics that extrapolation cannot reliably predict the future.

And he keeps making calls and being completely off about them. Just a few days he was no longer a bear and now we were going to ATHs. I knew this wasn't going to happen. 

So many on this forum think that it either has to be $400s to ATHs. No. It. Does. Not.

There is nothing to keep us from moving in a range for several weeks. And, again, barring bad news, we are eventually going higher.