Quote from: JayJuanGee on March 27, 2014, 10:55:09 PM

Quote from: Zapffe on March 27, 2014, 09:06:00 PM

Quote from: JayJuanGee on March 27, 2014, 07:24:47 PM

Quote from: Zapffe on March 27, 2014, 06:43:16 PM

What I'm saying is that these bitcoinwisdom line drawing attempts aren't trustworthy speculations. It wouldn't be worth of mentioning when the majority of the forum wouldn't consider them as trustworthy. When MtGox crashed, then the majority thought that we are back on an uptrend just because couple of reputable baffoons drawed couple of lines, that "proved" this. If the market were smarter, then everyone would earn more money. This unstable market that is lead by chaotic desperation and illusions, isn't very attractive any more, and I really want it to be attractive! So smarten up ffs and stop drawing lines and start concentrating at the general nature of the market.

You are appearing to be so bitter to merely criticize and attack and denigrate without offering any meaningful alternatives. You seem to be suggesting to predict BTC prices by just doing whatever feels good or feels right at the time... little objective guidance with those kinds of abstract considerations.

YES, maybe line drawing is NOT the be all end all.... and few are saying that it is...

Surely there are other pieces of evidence that can be accounted to consider the price direction of BTC besides line drawing, and I think everyone agrees to that.. Also, everyone seems to agree that the past does NOT predict the future and that various variables can alter the line drawing predictions... so in this regard, you seem to be attempting to attribute much more predictive value to the line drawings than the line drawers themselves are attributing to such lines.

Is it really hard to understand these simple concepts:

Shutdown of an important market = Loss of demand caused by closing an important channel of incoming flow = Price lowers
Shutdown of an important market, together with the loss of customer funds = Bigger loss of demand, caused by closing an important channel + loss of trust towards the entire market system = Price lowers even more

THE thing to consider with cryptos are the markets. How many markets there are in different geographical places and how comfortable do people feel in using them. This is the main factor that creates demand, so it's the most important factor to consider, since supply is relatively stable and predictable. And you can't understand this aspect by drawing lines in graphs. You could get better predictions by using volume in that equation, not just draw a line between bottoms and tops. But volumes can be faked in crypto, so it's not solid either. Stable trends only apply to markets that are very stable. Where things like 4 seasons of the year or restrictions of the law affect the price in the repeating pattern. Drawing lines in the crypto market is insanity, because the entire market is based on speculation and the entire environment is quickly changing. You have to think on your feet to trade effectively, not just draw lines. I think that the mindless line drawers are the reason on why there is so much uncertainty and confusion. They are leading the people to look at things that doesn't matter and then again everyone will be surprised that why didn't it go like this. And always after the line drawer predictions didn't come through, then they begin acting like they knew about this all along, and the lemmings forgot how certain they were about their lines just couple of weeks ago.

Surely there is some truth to what your saying; however, in my view you are being way to emphatic and denigrating about it. And, you are engaging in a lot of generalizations in order to denigrate line drawers...... so what... ? let them draw their lines and do whatever, who cares?

Some people will give line drawing weight and others will NOT ... why does it matter? Some people will be falsely lead by the line drawing b/c they are NOT flexible enough or they fail to take into account other factors that affect and manipulate the market... so what... ?

I guess my point is that you have made some points, but your point is NOT really any more valid than the line drawers attempting to figure out what to do... and maybe failing to recognize some other important market dynamic. Let speculators use whatever tools they wish in order to speculate, and each of us can determine how much time we want to spend in that regard or how much weight to give such information derived from such speculations.

I sound like this because I have been telling all of this since January, but nobody listened and they called me names Sad

I want to play bitcoin, but the other boys are breaking the game because they don't know how to play Cry

Please, tell them that causing slow downtrends isn't how it's done :''(