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Merged Bitcoin - Part 3

fromdownunder said:
So you make it all your real or theoretical profits based on predictions made after the actual event. Got it.


Norm
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No you did not got it Norm.
I said short at 8070, run a Turing tape to exit and enter more positions.
Any mathematician on this forum will understand my post, and if they do not they are not a mathematician.
 
Samson said:
Any mathematician on this forum will understand that my post is nonsense, and if they do not they are not a mathematician.
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ftfy. You don't even have to be a mathematician to understand this.

Face it, predicting bitcoin's price day to day is like predicting next week's lotto numbers. Pure soothsaying.

Based on history, one might be able to make some predictions for the long term price of bitcoin with a small degree of confidence. For example, there is a reasonable probability that the price of bitcoin will again exceed $20,000 - maybe by a big margin. However, we may be looking at years before this happens.
 
psionl0 said:
ftfy. You don't even have to be a mathematician to understand this.

Face it, predicting bitcoin's price day to day is like predicting next week's lotto numbers. Pure soothsaying.

Based on history, one might be able to make some predictions for the long term price of bitcoin with a small degree of confidence. For example, there is a reasonable probability that the price of bitcoin will again exceed $20,000 - maybe by a big margin. However, we may be looking at years before this happens.
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20,000 looks like zero in a probability play.
infinity is the number of ico's possible, Bitcoin value should be divided by infinty.
 
psionl0 said:
No you don't.
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I read a great deal about cryptos, but I have not read that an exact replica of bitcoin cannot be established. Maybe there is intellectual property involved, but that would contravene the doctrine of freedom.
 
Samson said:
I read a great deal about cryptos, but I have not read that an exact replica of bitcoin cannot be established. Maybe there is intellectual property involved, but that would contravene the doctrine of freedom.
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That is not your argument (and there are no "exact replicas" of bitcoin).

Your argument is that all cryptos are bitcoin and you repeat it constantly as if nobody has ever pointed out how moronic an argument it is.

If the alt-coins had bled money away from the bitcoin market then you should be able to tell us how much has been bled and what the price of bitcoin would be otherwise. Of course you can't and have no intention of doing so because you are not interested in facts. You only want to sound authoritative.
 
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psionl0 said:
That is not your argument (and there are no "exact replicas" of bitcoin).

Your argument is that all cryptos are bitcoin and you repeat it constantly as if nobody has ever pointed out how moronic an argument it is.

If the alt-coins had bled money away from the bitcoin market then you should be able to tell us how much has been bled and what the price of bitcoin would be otherwise. Of course you can't and have no intention of doing so because you are not interested in facts. You only want to sound authoritative.
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Authoritative no, an enquiring demeanour I thought.
I have become convinced bitcoin will get to 2000 soon, so shorting more at 9126 looks good.
 
Dr.Sid said:
That's almost prediction. At least you got us number. Now give us a date.
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I find this disconcerting to say the violation of the co2 constraint is not holding.
This disgraceful enterprise is set to cast greater emissions as the insatiable gluttony of the hold ons for dear life is encouraged.
God does not exist, but if she does please exterminate the vermin promoting this enterprise.
 
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Samson said:
I find this disconcerting to say the violation of the co2 constraint is not holding.
This disgraceful enterprise is set to cast greater emissions as the insatiable gluttony of the hold ons for dear life is encouraged.
God does not exist, but if she does please exterminate the vermin promoting this enterprise.
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So, no date then?
 
Bitcoin’s record price surge of 2017 was caused by a single person
Bitcoin's dramatic price surge in 2017 that saw it reach record highs was caused by a single cryptocurrency trader, according to a new study...

"This one large player or entity either exhibited clairvoyant market timing or exerted an extremely large price impact on bitcoin that is not observed in aggregate flows from other smaller traders,"...

This year bitcoin's price has risen steadily and it is currently trading at around $9,300, having briefly reached above $12,000 in June. It remains prone to sudden swings in price, which some attribute to market manipulation by so-called bitcoin whales that are able to influence the price through a single trade.

A flash crash that wiped $1,000 from bitcoin's value in less than an hour was triggered by the sale of 5,000 bitcoins - worth around $40 million at the time of the trade.
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But the unpredictable actions of 'whales' doesn't make TA invalid, just... unreliable.
 
psionl0 said:
So, no date then?
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No date, and I have no stake in it. Nevertheless the current meandering price looks like distribution, ready for a sharp fall. I would be shorting it here still at
9295
 
psionl0 said:
So when you used the word "soon" it was meaningless. You could claim success if the price dropped to $2,000 in the next infinity years.
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I expect the drop during my lifetime, as I repeatedly say there is infinite supply of this detritus.
 
psionl0 said:
ftfy.

So are you going to die "soon"?
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Here is another way of imagining this issue.
If the price of bitcoin drops to 2k US, will you claim that this is completely unrelated to the presence of 2000 lookalikes to choose from.
Gold will never be created the way bitcoin clones can be created, and indeed are created.
Remember Warren Buffet and Charlie Munger

"This will end badly".
 
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