I suspect that if [IF] a 2011-like scenario plays out (meaning we have a weekly ema downcross) then support will be found at this PURPLE trendline, which I call the 2011+2011-recovery support trendline.  It's not nearly as extreme as your $75 projection, but still far away from our beloved blue trendline with a LONG sideways trading period coming up. Personally, am I rooting for this to happen? NO. If this happens it means I'm not making any profits, unless I make very risky types of trades, plus I'm taking the risk of holding funds on exchanges the entire time. |
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Go away with your emotional buy and hold propoganda. I've heard it a million times and I'm not interested in the buy and hold strategy. If all I ever did was buy and hold I'd have 2% of what I have now. I'd have NOTHING.
You've made 50X your original buy-in? So about the same as everyone who's been holding for a year, right? Is it worth all the stress to marginally outperform the market? I mean, you don't seem to be enjoying it, judging from your posts. I'm not marginally outperforming the market. I'm outperforming it by 5,000%. You must have misinterpreted my post. |
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Go away with your emotional buy and hold propoganda. I've heard it a million times and I'm not interested in the buy and hold strategy. If all I ever did was buy and hold I'd have 2% of what I have now. I'd have NOTHING.
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We will see $850 by March 3rd.
Is this confirmed? Alright bulls you have 24 hours to break every major resistance on the chart. Go go go go go. |
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9376 volume on stamp ??
This is starting to remind of the 5 other times i thought the trend was breaking and I had to buy. The only difference is MACD is up now (slightly).
If you've only been trading Bitcoin since last June, then you've never been through a correction yet. I think you're a woman. You write like a woman, you trade like a woman. You're very smart and I respect your analysis, but it's almost certain you're going to miss the big turn because you are too risk averse. Yer gonna hate me for saying so, but there's a reason we call cowards pussies. Multiple incorrect things in here. I'll admit my minds is a little weak right now due to exhaustion, terrible sleeping patters, and other bad habits. This may account for some missed trades and emotionally charged posts that I would not have made otherwise. So what about this "big turn". Do YOU know how to tell when it's happening? What signs are there? Is it happening now? Don't apologize for your posts. I appreciate your candor and I enjoy them more than most. Unfortunately I can't tell you what the market will do. I have a the luxury of being in this game for more than ROI, so I don't have to worry about making mistakes as much. I also don't have to worry about missing the turn because I'm already in from way back. I buy when price falls and I sell when it rises. I take profits in fiat if I have bills to pay and in BTC the rest of the time. I don't think you're going to really understand this market if you think of it as poker just with better odds. Bitcoins aren't poker chips. If you don't believe in what you're doing, you won't have fun and if you're not having fun then you won't do very well. When I said "poker better odds" I was referring to the Chinese traders using high frequency trading bots on Huobi. |
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Meanwhile, goxcoin rallies on builder. lol
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9376 volume on stamp ??
This is starting to remind of the 5 other times i thought the trend was breaking and I had to buy. The only difference is MACD is up now (slightly).
sexist bullshit Multiple incorrect things in here. I'll admit my minds is a little weak right now due to exhaustion, terrible sleeping patters, and other bad habits. This may account for some missed trades and emotionally charged posts that I would not have made otherwise. So what about this "big turn". Do YOU know how to tell when it's happening? What signs are there? Is it happening now? Why are you even entertaining that utter stupidity with any sort of reasonable response? Idk. Why are posts filled with hate, anger, racism, sexism, and stupidity even on this forum? I see them every once in a while and they baffle me. I thought bitcoiners were supposed to smart or evolved people. Another thing that suprises me is this kind of thing (and also profanity) will get someone banned in the btc-e trollbox but is perfectly ok here. |
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9376 volume on stamp ??
This is starting to remind of the 5 other times i thought the trend was breaking and I had to buy. The only difference is MACD is up now (slightly).
If you've only been trading Bitcoin since last June, then you've never been through a correction yet. I think you're a woman. You write like a woman, you trade like a woman. You're very smart and I respect your analysis, but it's almost certain you're going to miss the big turn because you are too risk averse. Yer gonna hate me for saying so, but there's a reason we call cowards pussies. Multiple incorrect things in here. I'll admit my minds is a little weak right now due to exhaustion, terrible sleeping patters, and other bad habits. This may account for some missed trades and emotionally charged posts that I would not have made otherwise. So what about this "big turn". Do YOU know how to tell when it's happening? What signs are there? Is it happening now? |
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TheDailyFear:  I wonder how many times these people thought the downtrend had gone on long enough, was breaking and the reversal was in. MACD went up a few times here also. |
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It is only a matter of time till Huobi gets busted on their fake volumes or gets shut down by Chinese authorities. This is similar to how the Gox situation was quite foreseeable.
I don't think the volume there is neccessarily "fake" . I just think that, with the 0 fees there, there's this high frequency trading bot that's getting popular in China and more and more people keep piling in with this bot, which results in the same coins being traded back and forth 20 times per day. This makes the volume irrelevant, but not intentionally deceptive or criminal. So the government wouldn't have anything to do about it. It's just a misfortune that the public looks at this volume and makes more of it than it really is. Generating volume like that is in fact deceptive. It creates an impression of increased activity. This can fool inexperienced investors in a number of ways, including mistakenly associating more activity with more interest from new investors. But it's a collective action of large group of people and the end result of their activity happens to something deceptive when looked at. However, no one person actually has a malicious intent to do something deceptive. Each person is just running a bot trying to make a profit on their trades. Nobody is a criminal. Fooling inexperienced investors is the means to making a profit on their trades. I don't think "out fooling" each other is a good excuse. How do you know that? My impression is they're all just playing with eachother, like a video game. It's like a game of poker, except much better odds than poker. |
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It is only a matter of time till Huobi gets busted on their fake volumes or gets shut down by Chinese authorities. This is similar to how the Gox situation was quite foreseeable.
I don't think the volume there is neccessarily "fake" . I just think that, with the 0 fees there, there's this high frequency trading bot that's getting popular in China and more and more people keep piling in with this bot, which results in the same coins being traded back and forth 20 times per day. This makes the volume irrelevant, but not intentionally deceptive or criminal. So the government wouldn't have anything to do about it. It's just a misfortune that the public looks at this volume and makes more of it than it really is. Generating volume like that is in fact deceptive. It creates an impression of increased activity. This can fool inexperienced investors in a number of ways, including mistakenly associating more activity with more interest from new investors. But it's a collective action of large group of people and the end result of their activity happens to something deceptive when looked at. However, no one person actually has a malicious intent to do something deceptive. Each person is just running a bot trying to make a profit on their trades. Nobody is a criminal. |
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Where are you getting this information of a possible withdrawal freeze? Shit. *submits a withdrawal* Troll joke. Gox withdrawal freeze drove up prices. That guy's a douche. Thot u knew. I do know he's a douche but if there's some piece of information behind why he's making jokes I want to know. |
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It is only a matter of time till Huobi gets busted on their fake volumes or gets shut down by Chinese authorities. This is similar to how the Gox situation was quite foreseeable.
I don't think the volume there is neccessarily "fake" . I just think that, with the 0 fees there, there's this high frequency trading bot that's getting popular in China and more and more people keep piling in with this bot, which results in the same coins being traded back and forth 20 times per day. This makes the volume irrelevant, but not intentionally deceptive or criminal. So the government wouldn't have anything to do about it. It's just a misfortune that the public looks at this volume and makes more of it than it really is. |
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Where are you getting this information of a possible withdrawal freeze? Shit. *submits a withdrawal* |
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9376 volume on stamp ??
This is starting to remind of the 5 other times i thought the trend was breaking and I had to buy. The only difference is MACD is up now (slightly).
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How does it fiat leak get its data? Is it just that someone is making trades on Huobi?
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it's like a tug of war between good news and bad news
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these indicators are driving me nuts! 1D macd has a weak cross for 2 candles but stoch rsi is still insanely high even higher than before. the order book on stamp looks really strong but it's still not nearly as large as the gox order book used to be when gox was market leader. also, China still leads, which seems weird and dangerous.
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Does anyone here have a strategy where they buy in on time intervals and the strategy is almost as effective as finding a buy point based on charts? I am ready to take a break from charting and I want to do something much less involving, perhaps at the cost of a small amount of profits. I'm thinking of it something like driving a race car - you can drive a manual or automatic and you will get slightly better performance in manual, but will still get great performance in automatic and can't make mistakes. I would like to drive in automatic now if the implications are small. I see the charts and see that the price is likely reaching a reversal point, so I want to start buying. However, I also acknowledge that this could be a trap or that there are various negative events that could start driving prices down again, especially if another major exchange goes down like huobi or bitstamp or if someone really has 750,000 coins and starts dumping them. I don't want to go all in and be screwed if such an event occurs and be stuck with relatively high priced coins with no ability to buy the new cheaper coins. So does anyone have any experience with some type of time based buy in strategy? For example you buy at some point once a week? What is your experience with this strategy and its profitability versus other strategies? Thanks.
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You have to consider this from the point of view of bitcoin's newer investors, the big shots, who are throwing in a ton of fresh fiat at the $500-$1000 level. They're looking at bitcoin from a standpoint of the future, and the potential of bitcoin to become global currency. They are not looking at the past or the present and don't care about the drama unfolding in this feeble present exchange system. They're only investing because bitcoin is such a game changing technology that it is resilient, will work through this, and will still become a world dominating technology. They know that once the big boys enter, big U.S. exchanges are set up, merchant adoption really takes off, and wall street investors come in, all of this will be ancient history - a joke. They might be looking gox charts, gox volatility, and gox gross incompetence and mismanagement over years and think 'good riddance'. In fact all of these exchanges are a joke for them - they're all unregulated and mysterious. For example, I went to prepare my taxes and I cannot even find any kind of tax documents on any exchange I use. These exchanges are like.. bitcoin is still in kindergarten. New investors are just waiting... for the moment all of this, this legacy system, goes away and bitcoin gets serious with a real infrastructure. Any time they can buy and get in before the revolution is a great price. Any time they are not in a risk that tomorrow some new U.S. company makes an announcement and prices skyrocket.
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