Mt. Gox (Bitcoin) goes down

Discussion in 'BS Forum' started by soxxx, Feb 25, 2014.

  1. NotSatoshiNakamoto

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    alt-coin market taking it hard on the chin this week.
     
  2. GordonGecko

    GordonGecko Well-Known Member

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    "Xapo President Warns of Altcoin ‘Extinction Event’"

    loool
     
  3. NotSatoshiNakamoto

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    who?
     
  4. Rollo Tomassi

    Rollo Tomassi Well-Known Member

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    Xapo’s.

    The guy with all the shoes and free returns?
     
  5. Jetsfansince95

    Jetsfansince95 Well-Known Member

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    @NotSatoshiNakamoto

    How can I post a picture in a thread ?

    I tried posting one of my son in his Jets gear :)
     
  6. NotSatoshiNakamoto

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    [​IMG]
     
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  7. Jetsfansince95

    Jetsfansince95 Well-Known Member

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  8. NotSatoshiNakamoto

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    If the photo is already available online just click the little icon to the right of the to the smiley face on the WYSIWYG editor (looks like a painting of mountains with sun) and paste in the URL. If it's not already online you'll need to upload it somewhere like postimage.org first and then get the URL.
     
  9. The Waterboy

    The Waterboy Well-Known Member

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    Not sure why this thread was the repository of this query but anyway I use https://imgur.com/. It seems to be one of the easier ones, though they are mostly all easy to use.
     
  10. Jetsfansince95

    Jetsfansince95 Well-Known Member

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    Because I noticed NotSatoshi posted a pic in the game forum yesterday, I tried to message him directly but the site wouldn't let me so I figured I would ask him here where I noticed he posts all the time :) have a good weekend guys !
     
  11. SOXXX2

    SOXXX2 Well-Known Member

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    IMO the bear the market is over, I was able to buy ETH recently below $200.

    It might be another year two before bitcoin breaks $20,000 however im confident its going to happen.

    Bitcoin has set lower highs recently, the mac-D crossed, it still needs to set a higher high, which would be above $7500, and get above the 200 day moving average which is actually at $7450 right now.
     
  12. Jetsfansince95

    Jetsfansince95 Well-Known Member

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  13. GordonGecko

    GordonGecko Well-Known Member

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    Looks like play time is over

    Millions and millions of asset value wiped out, but obviously a zero sum game. The smart ones are the winners and obviously long gone
     
  14. SOXXX2

    SOXXX2 Well-Known Member

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    In the short term yes, but the long term no. This chart was made in 2014, Bitcoin has gone further off track than it currently sits, its still on pace to hit half million dollars by 2024. I continue to accumulate more.

    [​IMG]

    Semi updated one, needs to be updated more because Bitcoin is lower:
    [​IMG]
     
  15. HomeoftheJets

    HomeoftheJets Well-Known Member

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    Anybody who use a linear regression (yes even with a log-transform that is a linear regression, whoever made this chart doesn't know jack about regressions) to predict a future asset price off a time series needs to be forcibly chop-blocked by Dunning and Kruger.
     
  16. statjeff22

    statjeff22 2008 Green Guy "Most Knowledgeable" Award Winner

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    Gee, you mean doing a regression of a random walk on time is a problem? Who'd a thunk it? :D
     
  17. Dierking

    Dierking Well-Known Member

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    You guys telling me soxxx doesn't know his math?
     
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  18. SOXXX2

    SOXXX2 Well-Known Member

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    That doesnt mean the chart wont prove to be accurate.
     
  19. HomeoftheJets

    HomeoftheJets Well-Known Member

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    How about this chart? This one might prove to be accurate too. It's no less predictive than the other chart.

    [​IMG]
     
  20. Sam Hammer

    Sam Hammer Well-Known Member

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    So we just wait it out until 2050 and we're millionaires right?
     

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