Wake up Stamp?
Why? Is it supposed to follow Huobi's fake volume? |
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 dun dun dun... which way will the triangle break? Either way will set off additional major indicators. If it breaks up, we're probably back in a bull market, and if it breaks down, we might be in for a really long bear market like 2011 as the 1W emas cross down. Which will happen? Can I get a drumroll? Y'all keep talking about a really long bear market. In 2011, it was 4 months top-to-bottom. Fast though time has gone by, we're almost there already. It doesn't get any worse than this. The descent period may have only been 5 months, however the amount time of time before the next ATH was an entire 17 months, which is much longer than the typical 6 months. There were two subcycles just to recover to $6 and then to 12. So for example we might have two subcycles to recover to $500 and then to $800, with the next ATH being in the middle of 2015. |
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dun dun dun... which way will the triangle break? Either way will set off additional major indicators. If it breaks up, we're probably back in a bull market, and if it breaks down, we might be in for a really long bear market like 2011 as the 1W emas cross down. Which will happen? Can I get a drumroll?
Do you actually have to ask? Ignore the chart and just think about it. It is not as though mass psychology was the only factor. At this point, any bearish breakdown must be faded. Agreed. A prolongued bear market like in 2011 seems pretty unlikely to me. Not with all the new money flowing in the bulding of the bitcoin ecosystem. Adoption is still going up, the number of transactions rises exponentially. New bitcoin startups emerge on a weekly basis, the sentiment already seems quite optimistic to me. There is only one way, and that is up. See July 2013 for reference. What if your calculations about 'the new money coming in' are actually off, or the money going out outweighs this money coming in? What if there is something very wrong going on with bitcoin or with the world but it wasn't apparent to you and not public and not out on the news, especially not on this bull forum? Or what if bitcoin is simply 20x overvalued from its fundamental level due to massive pumping by mtgox and china over the past year? If a major TA indicator as big as the 1W ema goes down, it is a hint that one of these might be true. TA helps you predict movements based on things that you don't yet understand. Read the chart, not the news. |
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dun dun dun... which way will the triangle break? Either way will set off additional major indicators. If it breaks up, we're probably back in a bull market, and if it breaks down, we might be in for a really long bear market like 2011 as the 1W emas cross down. Which will happen? Can I get a drumroll? |
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If you use the logic that buying should result in additional buying, then you create an infinite snowball of buying that goes on forever. Obviously this is not logical.
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wow, nobody is buying at stamp.
wtf?
About 3K coins were just bought. You missed it. yes, I can see that. but after that 3k buy nothing is really happening. no panic buys, nothing. Some of that 3K WAS the panic buying. Why do you now expect more of it? Is it supposed to go on forever? Did some news hit the wire just now? |
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I only laugh when a "successful" trader doubles, triples, quadruples his money but looses all when exchange decides it's time to retire. See the MtGox historical trading graphs for individual accounts.  This is why my strategies involve an allocation of cold storage, and large periodic cash withdrawals. You can actually trade while having most of your coins in cold storage by shorting on bfx. |
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wow, nobody is buying at stamp.
wtf?
About 3K coins were just bought. You missed it. |
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Requesting services of a locomotive expert to confirm whether or not this is actually a train.
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I just read that the majority of the world's tax year begins in April and that many people want to sell coins now to offset taxes for next year and will buy back in April. Any thoughts on that? We had a huge rise in price last April. That could have been one factor.
Most people who trade bitcoin have profits, not losses. therefore, they would want to wait till AFTER the tax year begins to sell and take profits. |
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it would probably take pretty poor money management skills to make that much money actually.
lol nice. I'm going to save this quote. It's a classic. I'm glad I'm not a banker or something. |
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I started with X, and now I have 400*X. It is that simple. It has nothing to do with how much I've withdrawn.
I was previously on a schedule of withdrawing about 20% every 3 months. However, now, for the first time ever, I have withdrawn 50% and split my funds entirely in half - 50% remain in btc and the btc markets, and 50% is back on earth. This will add a small setback to the exponential growth of my funds. However, I had to do this to:
1. Pay my taxes
2. Diversify in preparation for a potential economic collapse.
3. Lock in the ability to support myself and pay expenses for 1-2 years.
4. Buy some business equipment.
5. I wanted to open a brokerage account to try my hand in daytrading stocks/forex/futures. With this type of account I can still potentially exponentially grow these funds but they are not locked in as paper gains in the btc world.
I am now considering real estate investments also, but have not allocated any funds for it.
No, my primary occupation is not trading or finance. I am a software developer.
It's just hard to believe that you effectively doubled up 9X in a row to get returns like that. Did you use leverage on bitfinex? Borrow BTC to short it? Outperforming the market 400X is an extraordinary claim. Extraordinary claims demand extraordinary evidence and I have yet to see much evidence. Nothing personal. yes the majority of my profits (percentage wise) are due to using leverage on bfx in November, and exiting and reentering the leveraged portion of the position at the right times during the volatile corrections. The second largest portion of my profits percentage wise it's from a single week in April during the crash. (no leverage) I've also traded alt coins. So, yes. you're right. my 400x profits are not really due to ta skills at predicting slow moving mid term trends, but they help... |
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 1D ichimoku seems to indicate that if $625 is or has been broken during/after NEXT week, then the trend has reversed. 3D MACD would probably agree as well. If your charts, lines, mac d's etc would actually be working you would be a billionaire by now. You still don't understand why you're not? Wow I cannot even post a bullish TA now without getting flak? FYI I have outperformed the bitcoin market by 10,000%, meaning if I bought and held I'd be up 400%in fiat value, but instead I'm up 40,000%. The problem was I started with a very small capital. To me, that means that you have gotten 4,000 times return on your initial investment. Accordingly, if you started with $1,000, you now have $400,000. I wished I could figure out how to get those kinds of returns, but I do NOT want to work too hard... I'm thinking that there's gotta be some luck involved, also... . It's a claimed 400X return, not a 4,000X return, but she pulls~ 10% fiat out every three months or so, so I suspect actual returns (which should be calculated to include those funds) are much lower. Correct me if I'm wrong, TERA. Yeah... sorry for the contradiction.. I did mean 400x returns (not 4,000x)... 1,000 transformed into 400,000 = 400x If someone is withdrawing every 3 months, too, then doesn't that cause less calculation regarding the initial capital... b/c anything withdrawn takes away from the initial investment, then thereafter, all you are playing with (after you retrieve your initial investment) is profits.. That would also be a nice position to be in, but if trading is your full time occupation (ONLY source of income), then the question may be is the amount that you have contained therein sustainable. I think that a lot of us would like to get to the point (if we are NOT already there) to be able to withdraw whatever percentage of income that we need our invested funds are generally earning more than we are needing to withdraw.. and best if that could be accomplished to a large degree passively rather than actively. Currently, I'm only at about 41 BTC, so I do NOT expect to get to that point in the BTC world, anytime soon. By the way, in order to get to a fairly decent passive income stream from an investment , a lot of investment advisors suggest being able to withdraw from one's investment fund at less than 4% per year... with the assumption that on average the fund will be earning more than 4% per year. I calculate that having an investment fund of about $1 million would sustain about $3.3k per month income (withdrawal). Of course if your investment happens to be earning, on average, more than 4% per year, then you could afford to withdraw more than 4% per year.. and still maintain the balance of the fund. Also, it is NOT really easy to live well on $3.3K per month.... so there may be desires to build up the investment fund somewhat higher or to figure out how to receive better than 4% per year earnings on that fund.... and yes needing to account for inflation too, can eat into one's spending power. I am hoping to get better than 4% per year average returns with bitcoins.... but as I said above, my nest egg is currently, NOT very large in the BTC world. I started with X, and now I have 400*X. It is that simple. It has nothing to do with how much I've withdrawn. I was previously on a schedule of withdrawing about 20% every 3 months. However, now, for the first time ever, I have withdrawn 50% and split my funds entirely in half - 50% remain in btc and the btc markets, and 50% is back on earth. This will add a small setback to the exponential growth of my funds. However, I had to do this to: 1. Pay my taxes 2. Diversify in preparation for a potential economic collapse. 3. Lock in the ability to support myself and pay expenses for 1-2 years. 4. Buy some business equipment. 5. I wanted to open a brokerage account to try my hand in daytrading stocks/forex/futures. With this type of account I can still potentially exponentially grow these funds but they are not locked in as paper gains in the btc world. I am now considering real estate investments also, but have not allocated any funds for it. No, my primary occupation is not trading or finance. I am a software developer. |
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So.... about that Bitstamp wall then, just for show? or ready to sell?
It looks like it may have dumped at market. |
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not in its current form
bitcoin will only be able to survive if serious improvements are made to the code, and if we can make the wallet cipher upgradeable from EC while still maintaining users access to their wallets.
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1D ichimoku seems to indicate that if $625 is or has been broken during/after NEXT week, then the trend has reversed. 3D MACD would probably agree as well. If your charts, lines, mac d's etc would actually be working you would be a billionaire by now. You still don't understand why you're not? Wow I cannot even post a bullish TA now without getting flak? FYI I have outperformed the bitcoin market by 10,000%, meaning if I bought and held I'd be up 400%in fiat value, but instead I'm up 40,000%. The problem was I started with a very small capital. |
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I was under the impression we were waiting on clear regulations to be passed regarding launching exchanges and running businesses, and that a large advancement would likely be made in New York by July in which people could launch exchanges using "bitlicenses". I was not aware that we were waiting on some kind of tax classification.
It it's amusing how bulls think every little event that happens in the world is going to result in a huge price increase and use words like "floodgates". the only thing that increases bitcoin price is more users, more usability, more services, and more exchanges.
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1D ichimoku seems to indicate that if $625 is or has been broken during/after NEXT week, then the trend has reversed. 3D MACD would probably agree as well. |
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Historically, 12h does not look very useful.
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Obviously a bounce off of the historical 540 support level was entirely to be expected. It would look really weird if that didn't happen. It will still take the next couple weeks to determine whether that was really a bottom or a trap, looking something like this:  Two things to note are that the volume and the order books are tiny. Of course I am prepared to surrender if the 1D crosses, and again on the 3D. |
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