Bitcoin Forum

Economy => Speculation => Topic started by: smoothie on March 24, 2013, 08:30:48 PM



Title: To all of you that sold < $60 in the past few days...
Post by: smoothie on March 24, 2013, 08:30:48 PM
How does it feel?

Current price: $71.68  ;D


Title: Re: To all of you that sold < $60 in the past few days...
Post by: nobbynobbynoob on March 24, 2013, 08:31:32 PM
MEME:

ONE DOES NOT SIMPLY

<image of that guy, you know who I mean>

SELL BITCOINS

;D


Title: Re: To all of you that sold < $60 in the past few days...
Post by: humanitee on March 24, 2013, 08:32:34 PM
I hope it feels bad.

Everyone learns the hard way (including me.)


Title: Re: To all of you that sold < $60 in the past few days...
Post by: smoothie on March 24, 2013, 08:32:50 PM
MEME:

ONE DOES NOT SIMPLY

<image of that guy, you know who I mean>

SELL BITCOINS

;D

Ohh if that you just true....but then again...we all know quite a few sold pretty damn low...

I LOLed when they did.


Title: Re: To all of you that sold < $60 in the past few days...
Post by: cypherdoc on March 24, 2013, 08:53:16 PM
MEME:

ONE DOES NOT SIMPLY

<image of that guy, you know who I mean>

SELL BITCOINS

;D

Ohh if that you just true....but then again...we all know quite a few sold pretty damn low...

I LOLed when they did.

so when did you get back in?  you were bearish at 13 remember?


Title: Re: To all of you that sold < $60 in the past few days...
Post by: 🏰 TradeFortress 🏰 on March 24, 2013, 08:55:15 PM
I bought at $56  :)


Title: Re: To all of you that sold < $60 in the past few days...
Post by: smoothie on March 24, 2013, 09:37:43 PM
MEME:

ONE DOES NOT SIMPLY

<image of that guy, you know who I mean>

SELL BITCOINS

;D

Ohh if that you just true....but then again...we all know quite a few sold pretty damn low...

I LOLed when they did.

so when did you get back in?  you were bearish at 13 remember?

Got back in at $13.40 and then into Litecoin. =)

Did much better than just holding bitcoins...once again....muahahahahaha  :D


Title: Re: To all of you that sold < $60 in the past few days...
Post by: aurora on March 24, 2013, 09:52:43 PM
How does it feel?

Current price: $71.68  ;D
you make money by selling it not keeping it.


Title: Re: To all of you that sold < $60 in the past few days...
Post by: robamichael on March 24, 2013, 09:59:46 PM
Anyone who sold < $60 does not know how to read accumulation distribution.


Please elaborate.


Title: Re: To all of you that sold < $60 in the past few days...
Post by: smoothie on March 24, 2013, 10:08:21 PM
How does it feel?

Current price: $71.68  ;D
you make money by selling it not keeping it.

Uh no. If you sell, you end up with paper.

If I keep it I end up with something that is increasing in value and you can't just print to infinity.

Money = Gold and Silver

Awesome currency = Bitcoin

Crappy Currency = Fiat paper

 :D


Title: Re: To all of you that sold < $60 in the past few days...
Post by: keewee on March 24, 2013, 11:03:51 PM
How does it feel?

Current price: $71.68  ;D
you make money by selling it not keeping it.

Uh no. If you sell, you end up with paper.

If I keep it I end up with something that is increasing in value and you can't just print to infinity.

Money = Gold and Silver

Awesome currency = Bitcoin

Crappy Currency = Fiat paper

 :D

+1


Title: Re: To all of you that sold < $60 in the past few days...
Post by: proudhon on March 24, 2013, 11:04:13 PM
Anyone who sold < $60 does not know how to read accumulation distribution.

Whoa!  You're back!!!


Title: Re: To all of you that sold < $60 in the past few days...
Post by: ElectricMucus on March 24, 2013, 11:25:24 PM
While this rally may superficially appear to be similar to events of 2011 the devil is in the details. Comparing the details of money flow is enough to convince me that this rally is much more decisive, with less fear than was involved with the 2011 run up. There is a lot of confidence that new money is coming into the market.

Ok well then, in the next 10 days, up or down?


Title: Re: To all of you that sold < $60 in the past few days...
Post by: usagi on March 24, 2013, 11:32:17 PM
How does it feel?

Current price: $71.68  ;D
you make money by selling it not keeping it.

Uh no. If you sell, you end up with paper.

If I keep it I end up with something that is increasing in value and you can't just print to infinity.

Money = Gold and Silver

Awesome currency = Bitcoin

Crappy Currency = Fiat paper

 :D

Wow, smoothie said something intelligent. I'm in shock.


Title: Re: To all of you that sold < $60 in the past few days...
Post by: ElectricMucus on March 24, 2013, 11:35:24 PM
While this rally may superficially appear to be similar to events of 2011 the devil is in the details. Comparing the details of money flow is enough to convince me that this rally is much more decisive, with less fear than was involved with the 2011 run up. There is a lot of confidence that new money is coming into the market.

Ok well then, in the next 10 days, up or down?

That would be a little like going back in time to kill Schrodinger's cat.

Ok, I almost get it.  :-\


Title: Re: To all of you that sold < $60 in the past few days...
Post by: smoothie on March 24, 2013, 11:40:13 PM
How does it feel?

Current price: $71.68  ;D
you make money by selling it not keeping it.

Uh no. If you sell, you end up with paper.

If I keep it I end up with something that is increasing in value and you can't just print to infinity.

Money = Gold and Silver

Awesome currency = Bitcoin

Crappy Currency = Fiat paper

 :D

Wow, smoothie said something intelligent. I'm in shock.

LOL yes and most of my posts are unintelligent? No. It is just that most fools on this forum can't take the truth when it is blaring in their face (i.e. Smoothie shoving it in your face).

Just because you don't like what I have to say, doesn't mean what I say is "unintelligent". Perhaps it is you being "ignorant"?

 :D


Title: Re: To all of you that sold < $60 in the past few days...
Post by: ElectricMucus on March 24, 2013, 11:42:58 PM
That has been very helpful chodpaba,

thank you!


Title: Re: To all of you that sold < $60 in the past few days...
Post by: b!z on March 25, 2013, 12:15:42 AM
Good thing I held on to my few coins


Title: Re: To all of you that sold < $60 in the past few days...
Post by: drawingthesun on March 25, 2013, 02:25:28 AM
How does it feel?

Current price: $71.68  ;D

Sold at $60....

....Bought back at $56.

Feels great! Although I'm not sure the gains were worth the risk of selling. I won't do that again.


Title: Re: To all of you that sold < $60 in the past few days...
Post by: Beans on March 25, 2013, 06:43:55 AM
How does it feel?

Current price: $71.68  ;D

And yet another thread where smoothie talks crap because someone could have possibly done better. Wish we could all predict the future like he does. I guess when your life is spent talking in forum, you run out of intelligent things to say.


Title: Re: To all of you that sold < $60 in the past few days...
Post by: smoothie on March 25, 2013, 07:07:26 AM
How does it feel?

Current price: $71.68  ;D

And yet another thread where smoothie talks crap because someone could have possibly done better. Wish we could all predict the future like he does. I guess when your life is spent talking in forum, you run out of intelligent things to say.

Translation: "I am butthurt".  :D


Title: Re: To all of you that sold < $60 in the past few days...
Post by: Vladimir on March 25, 2013, 10:12:48 AM
On this board the bulls reserve the right to tease the bears. It is a loooong way to 10k$ We need something for entertainment while gox clears that backlog.





Title: Re: To all of you that sold < $60 in the past few days...
Post by: Buffer Overflow on March 25, 2013, 11:49:57 AM
Funny watching the chicken littles panicking.
Help help, the sky is falling in!


Title: Re: To all of you that sold < $60 in the past few days...
Post by: BTC Books on March 25, 2013, 12:52:48 PM
'Sold'?

What is this 'sold' of which you speak?


Title: Re: To all of you that sold < $60 in the past few days...
Post by: SlaveInDebt on March 25, 2013, 12:57:28 PM
'Sold'?

What is this 'sold' of which you speak?

Sold and bought back in ;)


Title: Re: To all of you that sold < $60 in the past few days...
Post by: BTC Books on March 25, 2013, 01:02:14 PM
'Sold'?

What is this 'sold' of which you speak?

Sold and bought back in ;)

Ahhh.  One of those new-fangled, complicated, high-tech financial maneuvers, no doubt...  :D

Alas, I'm an idiot where such things are concerned.  Buy, hold, spend.  That's me.


Title: Re: To all of you that sold < $60 in the past few days...
Post by: SlaveInDebt on March 25, 2013, 01:28:51 PM
'Sold'?

What is this 'sold' of which you speak?

Sold and bought back in ;)

Ahhh.  One of those new-fangled, complicated, high-tech financial maneuvers, no doubt...  :D

Alas, I'm an idiot where such things are concerned.  Buy, hold, spend.  That's me.

Ahhh. Don't get me confused, too simple minded for all that high-tech financial maneuvers, myself...:D

Alas, I'm an idiot in general. Mine, sell, buy, spend, rinse, wash, and repeat. That's me.

 ;D


Title: Re: To all of you that sold < $60 in the past few days...
Post by: Beans on March 25, 2013, 11:44:46 PM
How does it feel?

Current price: $71.68  ;D

And yet another thread where smoothie talks crap because someone could have possibly done better. Wish we could all predict the future like he does. I guess when your life is spent talking in forum, you run out of intelligent things to say.

Translation: "I am butthurt".  :D

I'm just tired of seeing your "look how smart I am posts" When your clearly a idiot, and no one really cares.


Title: Re: To all of you that sold < $60 in the past few days...
Post by: smoothie on March 25, 2013, 11:51:56 PM
How does it feel?

Current price: $71.68  ;D

And yet another thread where smoothie talks crap because someone could have possibly done better. Wish we could all predict the future like he does. I guess when your life is spent talking in forum, you run out of intelligent things to say.

Translation: "I am butthurt".  :D

I'm just tired of seeing your "look how smart I am posts" When your clearly a idiot, and no one really cares.

Clearly i am an "idiot" that has made a truck load of profit on my calls/trading.  :D


Title: Re: To all of you that sold < $60 in the past few days...
Post by: afbitcoins on March 26, 2013, 12:05:50 AM
Anyone who sold < $60 does not know how to read accumulation distribution.


Please elaborate.

Note, that as the two hour candles are declining in value the accumulation distribution actually rises. This means that volume is generally higher on candles with a high close location value, and the volume is generally lower on candles with a low close location value, eventually tipping the balance back to a positive money flow. And for a longer term indication that USD continues to flow into the exchange the 21 candle Chaikin money flow managed to stay in positive territory the entire time.

This is enough to tell me to hold on. A shorter time scale might have led someone to a different conclusion, but I think that can be a dangerous way to try and gather information while on a parabolic slope. I would have to find evidence of a concerted and sustained reversal of money flow before selling. Believe me, I have been looking for it, and I have not found such evidence, so I have been holding on.

While this rally may superficially appear to be similar to events of 2011 the devil is in the details. Comparing the details of money flow is enough to convince me that this rally is much more decisive, with less fear than was involved with the 2011 run up. There is a lot of confidence that new money is coming into the market.

http://bitcoincharts.com/charts/chart.png?width=939.777777671814&m=mtgoxUSD&SubmitButton=Draw&r=10&i=2-hour&c=0&s=&e=&Prev=&Next=&t=S&b=&a1=&m1=10&a2=&m2=25&x=1&i1=AccDist&i2=CMF&i3=&i4=&v=1&cv=0&ps=0&l=0&p=0&

Good post, will make a note to find out more about these money flow indicators.


Title: Re: To all of you that sold < $60 in the past few days...
Post by: oakpacific on March 26, 2013, 01:47:00 AM
Anyone who sold < $60 does not know how to read accumulation distribution.


Please elaborate.

Note, that as the two hour candles are declining in value the accumulation distribution actually rises. This means that volume is generally higher on candles with a high close location value, and the volume is generally lower on candles with a low close location value, eventually tipping the balance back to a positive money flow. And for a longer term indication that USD continues to flow into the exchange the 21 candle Chaikin money flow managed to stay in positive territory the entire time.

This is enough to tell me to hold on. A shorter time scale might have led someone to a different conclusion, but I think that can be a dangerous way to try and gather information while on a parabolic slope. I would have to find evidence of a concerted and sustained reversal of money flow before selling. Believe me, I have been looking for it, and I have not found such evidence, so I have been holding on.

While this rally may superficially appear to be similar to events of 2011 the devil is in the details. Comparing the details of money flow is enough to convince me that this rally is much more decisive, with less fear than was involved with the 2011 run up. There is a lot of confidence that new money is coming into the market.

http://bitcoincharts.com/charts/chart.png?width=939.777777671814&m=mtgoxUSD&SubmitButton=Draw&r=10&i=2-hour&c=0&s=&e=&Prev=&Next=&t=S&b=&a1=&m1=10&a2=&m2=25&x=1&i1=AccDist&i2=CMF&i3=&i4=&v=1&cv=0&ps=0&l=0&p=0&

Good post, will make a note to find out more about these money flow indicators.

I like it, and we will have conclusive evidence soon, Gox is preparing a financial report.