not really my biggest fuckup but my most recent one.
lost 0,5btc yesterday by sell high and buying lower cause I was caught off guard by my emotions and sold into the little panic at the beginning of the hearing... was holding for months before that and thought I had the Buy&Hold mentality integrated.
Today for the first time, I made profit seeing the beginning of a flashcrash - 0,55btc but instead of be happy about making up my loss of yesterday, i tried again and lost 1btc.
i guess that's life... greed is not good for me, only bad things happen to me when I take action rooted in greed.... YMMV...
Thats why when you have good luck you should gradually lower your stakes. Doing the opposite will guarantee you to lose more than you won. For instance when I make a good run and earn 1K by playing with 30 BTC, my next move will be with 15 BTC (aftermath of any move is lower volume anyway). I'll play with 30BTC again when the signs are crystal clear. |
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One does not simply draw a log line starting at the start of the bubble :/ Take the entire history for that.
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Gosh and I suppose nobody would just transfer some BTC person to person and receive cash in return  Maybe I misread somewhere the P2P part of BTC... |
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I suppose, your question was pointed to all of us, who doesn't participate in such a dirty games.
It's not "dirty games", you knew what you signed up for when you started investing in BTC. Now don't cry that people are willing to take profit from the movements of the market. If you want to gamble by holding BTC (and never ever learning when to sell), that's totally fine with me. |
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So why did you buy bitcoins then? To not get rich?
Why not? But my wealth is denominated in bitcoins and precious metals. I wish you to stay happy with your fiat USD/EUR, but for me it's not a kind of assets to stick with. Did you just reveal that you have a circlejerk account? |
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Exactly.
I didn't sell - although fell tempted to at ~$715 (bitstamp) - but thought that I won't add my hand to manipulation. I would have possible made over $1000 in the process but I don't regret it anyway. I just sit back and watch with patience. And try not to buy in into this frenzy. I see a lot of people treat btc more like some 'get-righ-quick' scheme to get more fiat. I'm not participating.
So why did you buy bitcoins then? To not get rich? |
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Demand is low supply is high. Everybody is speculating.
/thread.
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In reality you're just voicing your personal insecurities. Noobs will lose anyway, your 'cause' is not going to change it. Actually your posts are mostly completely useless.
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Trust me, I've been happy all the times since I started buying bitcoins in 2012.
Since bitcoin is deflationary in nature, I never worried about these "downtrends".
If you look at all-times bitcoin chart you will see that all "downtrends" became bear traps. And finally, you will not see even a single bull trap or real bubble which affected long term investor.
Yes you clearly worry so little that you open a topic titled "DONT WORRY ITS A BEAR TRAP DON'T SELL" almost every other day. Actually you're here on every slight crash. Clearly you're not worried at all. /sarcasm |
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I think I see a triangle forming with a target of $600 at Gox.
Well there was a triangle forming earlier around 750, but that one turned into a limp dick. |
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zeroday has some misplaced optimism going on. Just keep your eyes shut, okay?
Edit// haha, double bear trap (do they exist) or genuine DOWNTREND? Just keep believing in your higher bullforce, don't worry be happy.
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Weren't bear traps supposedly fast snappy things? This looks like a slow-ride down to me. Can't really get trapped in that.
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Everything I read is literally bullshit, still nobody can explain why we went from 3000 to 7000 in 26hs
Bots and manipulation by fraudulent chinese exchange. Hey it's an explanataion you don't have to like it. |
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When you post a picture of the 1 minute chart, yeah things might look a little off.
Also the rally/slight dip pattern you're seeing is normal... called a bear trap. On the way down it's a bull trap.
The point I wanted to make is that stock exchanges never make perfect semicircles. If you watch the same periods at BTC-e and Bitstamp for example, the pattern is way more frizzly, more noisy. This one is just perfectly orchestrated. Now i know Chinese have a-diciprine and all, but this just does not look human/organic. |
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More and more am I starting to believe that BTCChina is (for a large part) fake. - Their volume reports are ridiculous. On the 3 minute chart they have almost exclusively 300 btc per candlestick. - The whole rise-up at BTC-China seems orchestrated. Every sharp rise is nicely crafted into a short dip which then recovers in order to make others believe that it's safe to buy And most compellingly - During the crash the volume stays _THE SAME_ throughout. There is a sharp drop, but no panic selling at all! The volume is constant. This does not make any sense to me. - Notice how every downward candle towards is also attempted to be caugt immediately - many many intermittent recoveries during a crash. It just doesn't make sense. - I think we all agree that the price movements at BTCChina have been absolutely ridiculous. It's almost as if the whole exchange is scripted to make fake orders to amplify any movements seen on Gox. Zero trading fees would allow this. What would they benefit from this?Manipulation. This whole rally is based upon "China is going crazy, we must buy asap!". Knowing that the bitcoin world classifies exchanges by price and volume, you can manipulate the entire market by gaining the highest price and the highest volume. This does not mean the trades have to be legitimate as well, as long as the data you're outputting is somewhat believable. The rally on china seemed so ridiculous, that I'd be inclined to think that BTCChina's CEO has some big money at the other exchanges, trading it for high prices as he indirectly has control over the market. Added facts:- Nobody seems to be able to access btcchina.com, yet trades are still being executed (do reply if you can reach and deposit BTC) - During the 7-8 hour Gox trading engine lag, BTCChina ground to a halt as well while BTC-e and Bitstamp continued to have organic trades (though lower average volume). - Look at this recent crash graph from BTCChina (linked from another topic). It does not look organic, yet highly artificial.  Please discuss  Also, === I'm merely speculating == |
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Even the BTC market is small, the attempt to manipulate the whole world with one exchange is too ambitious IMHO.
I don't think so. Everybody knows what everybody looks at: price and volume. It is general consensus (wrongfully) that the exchange with the highest volume is the 'leading' exchange. Both price and volume can be easily faked. Make it onto the generic chart indexers, and you have yourself a perfectly orchestrated fake 'leading' exchange. Also, notice how nobody is actually able to access btcchina.com at all, apparently for several days now. |
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I'm just gonna copy paste what i hypothesized in the wall movement topic. More and more am I starting to believe that BTCChina is (for a large part) fake.
- Their volume reports are ridiculous. On the 3 minute chart they have almost exclusively 300 btc per candlestick.
- The whole rise-up at BTC-China seems orchestrated. Every sharp rise is nicely crafted into a short dip which then recovers in order to make others believe that it's safe to buy
And most compellingly
- During the crash the volume stays _THE SAME_ throughout. There is a sharp drop, but no panic selling at all! The volume is constant. This does not make any sense to me.
- Notice how every downward candle towards is also attempted to be caugt immediately - many many intermittent recoveries during a crash. It just doesn't make sense.
It's almost as if the whole exchange is scripted to make fake orders to amplify any movements seen on Gox. Zero trading fees would allow this.
=== I'm just speculating here ===
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A couple days ago, when the Gox guys fell asleep and trading was down for like 7-8 hours I noticed that during most of that time volume in BTCChina completely mimicked that of Gox and went to almost 0.
It is true that everyone kind of put everything on hold till Gox restarted, but the same thing did not happen on Bitstamp nor BTC-e.
I remember having all 4 bitcoinity screens open and noticing this. I will try to go back and see if I can find that moment.
EDIT: My conclusion at the time was that the same big money players are heavily arbitraging everywhere.
Yes, I saw that happening too. BTC-e and Bitstamp had some normal organic trades, while BTCChina ground to a halttogether with MtGox. Good that you bring it up. It fits my hypothesis (which is only a hypothesis at best) As a reply to the guy asking what they would benefit: it's evident this rally is based upon "CHINA IS GOING CRAZY BUY BUY BUY". Knowing that, and having the power, and having money at the other exchanges, you can influence the movements and make a killing. |
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More and more am I starting to believe that BTCChina is (for a large part) fake.
- Their volume reports are ridiculous. On the 3 minute chart they have almost exclusively 300 btc per candlestick.
- The whole rise-up at BTC-China seems orchestrated. Every sharp rise is nicely crafted into a short dip which then recovers in order to make others believe that it's safe to buy
And most compellingly
- During the crash the volume stays _THE SAME_ throughout. There is a sharp drop, but no panic selling at all! The volume is constant. This does not make any sense to me.
- Notice how every downward candle towards is also attempted to be caugt immediately - many many intermittent recoveries during a crash. It just doesn't make sense.
It's almost as if the whole exchange is scripted to make fake orders to amplify any movements seen on Gox. Zero trading fees would allow this.
=== I'm just speculating here ===
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Judging from BTC-E, Russians seem to be buying now like mad.
Seriously, all we need is the Iranians to hop on the Bitcoin wagon. Then we'd have Russians, Iranians, and Chinese, the grand trio of nationalities vilified by the US media.
If it were actually the russions buying at BTC-e, the volume would be in BTC/RUR, but no the volume is in BTC/USD. The greatest catalyst of this bubble is imo the grand delusion that "*random nationality* IS NOW BUYING BITCOIN LIKE CRAZY". And people blindly follow a Chinese exchange with no trading fees (thus probably heavily faked volume). It's okay, i can make money from that. |
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