I am amazed at how 5-6 dollars swings do change the sentiments here.
example? |
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 Im a little concerned about this. stamp and BFX are losing momentum. |
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I happened upon a gypsy wagon in middle of the dark forest that told me in July that Bitcoin will reach $2250. I looked away for a moment, then turned back to ask about Litecoin but the wagon was....gone....  It's a sign! it means you missed the LTC band wagon! too late! lol |
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And why are you so Eurocentric? the chinese are kings of the world if there are any. It really does sort of help to check your facts before words come out of your mouth. Both the EU and the US each have twice the GDP of China. Heck, China's GDP is only 25% bigger than that of Japan. China still has a long way to go before they become 'kings of the world'. it's not about GDP for gods sake. Study global history, and you will learn that The chinese played a far greater role in shaping the world today than you might guess, and you will see they will have the last word. The USA is under Chinas finger. I am referring to this bullshit -"your country is somewhat isolated and your values and attitudes somewhat different from those in say NY or London." out of curiosity, is that a sample of the 'values and attitudes' of NY and London you just gave me there? GDP? |
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People who trade for 10 years, are successful and are well schooled are no trade gods. You can not see into the future with a 100% certainty.
And if you are, tell us what the price will be tommorow at noon. Numbers, cents, bearish, bullish.
I never said I could see the future. I understand that very well. I have lost a lot of money In my trading education. Im not trying to fool anyone. Though I can actually make half a living from trading today. and I do. that is a strawman argument if I have ever seen one ^^ |
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I don't think 'seasoned traders' make a claim about the market reversing every couple of hours....please don't patronise me.  Well I dont claim a reversal every few hours. but reversals happen over days.... we can joke all day long. I am a seasoned trader and I don't need confirmation  I've just seen your profile, if you really are only a 21 year old Kiwi then trust me - you are not a seasoned trader, nor an expert in anything, especially not human psychology as you claim. I mention Kiwi because, while I love Auckland but prefer Wellington, your country is somewhat isolated and your values and attitudes somewhat different from those in say NY or London. But your age would explain your urge for validation here. Get over yourself. Ive spent five years at university and 4 years trading markets. Im pretty darn successful too. I am a seasoned trader. Like I said, I dont need your judgement. A kiwi split the atom. it is a strength to separate yourself from the crowd. the fact that I have different values and attitudes than in say NY or London is a strength. And why are you so Eurocentric? the chinese are kings of the world if there are any. The more I read what you have written there the more BS I see. I never said I was an expert in Human psychology. Of coarse I'm here to try validate things, this is a frieakin speculation forum. you have no idea if I am not an expert at anything. I have a masters degree. Ill have you know that Auckland where I live is a metting ground for cultures all around the world. I have seen and met more than poms and yankees. |
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"Sentiment" may mean several things, including "wish", "hope", or "estimate". It is not good to confuse them.
+1 |
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Two pages of "to da moon" from a relatively small rise, and there are people who think the sentiment is unbelievably bearish. Whether it goes up or not, sentiment is not as bearish as bulls think.
if your pool of data is this forum only, maybe it is 50/50. but the tell tale measure of sentiment is how many bulls have given up and left. this forum is abandoned, but there will always be some left who have realistic expectations. it's not only about positioning. we could all be bullish and we would all win if we were all betting on sound fundamentals. but when everyone starts to 'feel' bearish, with no better reason than the trend, that is the key. |
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I can't do TA as such, I can draw a line on a chart and point out classic 'signs' but I'm not convinced that helps me or anyone. It's interesting to read though.
Its just risk management. It can only work alongside a sound strategy. just like in a game of chess. Yes I see the reasoning behind it, It seems any attempt to time the market (for me) returns no better than a coin flip though. I suppose in some way I do 'trade' (skim the run ups). I'm more of a macro risk manager though buy and HODL  I guess the idea is to be patient enough for the technicals and fundamentals to align. the fundamentals secure your odds, and the technicals optimise the risk/reward and offer decisive entries. Ive learned that if you cant name the specific force that will drive your position for any given set up, the trade is no good. It adds dimension of time stops and precise expectations for your trade. It is much easier to realise when one is wrong when one knows what one expects. |
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I don't think 'seasoned traders' make a claim about the market reversing every couple of hours....please don't patronise me. Well I dont claim a reversal every few hours. but reversals happen over days.... we can joke all day long. I am a seasoned trader and I dont need confirmation |
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So, I'm noticing a pattern here.
Blip of volume = great excitement, talk of trains, rockets and 'da moon'
BTC rises $10 to $20
Everyone here proclaims "this is it" and "confirmed"
BTC sinks back $10 to $20
Everyone here conveniently forgets what has happened and blames Chinese/Russians/IRS/bears/aliens/JorgeStolfi until next blip.
This sounds as much fun as watching rugby.
 I hear you. we are joking around. but there is some genuine excitement among the seasoned traders at the moment. this is one of the best signals in months. |
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Just wondering, if you are trading on Bitstamp etc, do you need to wait for confirmation (n-blocks) before you can trade bough bitcoins?
Or are tthey instantly available, like with altcoins trading?
yes its "like altcoins trading" why the F were you trading alts tho? dont you know china is banning bitcoin? very well said. |
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such volume.... out of no where. and this is just the beginning.
It started on BTC-e. Those Russian oligarchs trying to find a way to evade sanctions? thought of the day! |
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tomorrow we post trains, then next week rocket pics?
dont forget 'da moon!' |
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such volume.... out of no where. and this is just the beginning.
its not that much volume tho, is it? This is what I see. the rate of volume shall we call it?  |
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China bans bitcoin
China doesn't give a fuck.
bullish?
Bullish. Confirmed? Confirmed. |
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such volume.... out of no where. and this is just the beginning.
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China bans bitcoin
China doesn't give a fuck.
bullish?
Bullish. |
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Maybe they (chinese) are just preparing soil for good exit? Noone wants to sell everything at low price, so it makes sense to pump the price a bit, and then exit;)
If i had 100K of Bitcoins , i would do it just like that
one does not sell by buying |
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 This is the most charitable interpretation (to the bears) of a bullish break out. meaning the line is shallow as significant points will. It is broken! |
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