Remember we were at $360 ONE DAY ago
Go away, FUDster. To the Shroomsy/Torque corner please.  |
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Shorts are closing  Shorts are actually adding, not closing. Weren't they 14k before? 15k now. It's good fuel. |
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True most of the time, but on long time frames, general conditions do play a role. Otherwise, feedback loops couldn't break.
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The price falls for "no reason", so why would it not rise for no reason too?
There is no reason besides feedback intertwined feedback loops caused by underlying psychology of market participants who are reacting to changes in fundamental conditions of the asset.
Come on, how could you miss the double bottom? So obvious. What do you mean? I've been arguing with the FUDsters since 5th of October. Since this: Thanks for the cheap coins, bearwhale manipulator. Thanks for the sentiment low. Thanks for the likelihood of reversal taking place.  Best day in a long time. Yet Shroomsy and Torque will be here complaining again the second some correction occurs. |
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and fake volumes.
Maybe. But that's like saying 'willy drove price to ~1200'. Might be true, but price still got there (briefly  ). If Willy can do this, then what could an actually subtle manipulation achieve, perhaps even conspired by multiple exchanges? |
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The price falls for "no reason", so why would it not rise for no reason too?
There is no reason besides feedback intertwined feedback loops caused by underlying psychology of market participants who are reacting to changes in fundamental conditions of the asset.
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Next 24h(odls) are gentlemen.
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Dat wall doe... will ensure we don't break 400. You can thank the dumpers.
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a couple of tor sites seized =/= entire system collapsing/being government seized
put the Drama-Queen Mode: Off
It's bad. If you don't have a black market, a market that draws consumer demand but where the vendors don't convert all of their proceeds into fiat, then what are you left with? Major retailers (who dump the second somebody spends their coins) and Wall Street (who can make a hell of a lot more money through dumping than pumping... it's easier, less risky, and very lucrative to sabotage). It's bad. It may actually work to your benefit in the short-term, but it is very bad and getting worse -- that much be said. I'm not going to advertise their names, but if you think there are no more (established) Bitcoin taking darknet market places, you are mistaken. There are. It still doesn't make bad news good news. It makes bad news less bad news unless you expect those other sites to absorb 100% of the SR 2.0, et. al. customer base. Also, at what point do those other sites just decide it's not worth it or get shut down themselves (OpenBazaar might be promising on this front as they are better equipped for evading authorities). I guess I am just saying... don't skip down the street and declare something poignantly bearish as bullish... don't be delusional.  |
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Or convert to fiat. They cannot withdraw anything without verification. They can't withdraw fiat without supplying a bank account. It's less risky to fake ID and then simply withdraw BTC. |
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What about all those little barracudas that do both, just to survive? Do you really consider them retarded, from the highs of your lucky-early-adopter-loaded position? It's not a matter of how many Bitcoins I do or do not have - it's a known fact that day trading (in general, not specific to BItcoin) is a negative sum game. Anybody who is not cheating is just achieving random returns. Over long time scales, the lifetime returns of all investors converge to the same average value (except for the ones that manage to cheat). Never mind, just scrolled back a little and it seems the argument is reduced to "daytrading". Well, if you daytrade Bitcoin (every day open up at least one position and close it before day's end), you will most likely indeed never be profitable longer term for the simple reason that fluctuations in the shorter time frames are more likely to be noise. For daytrading, you need many assets to choose from so you can filter it down to meaningful moves. But, it seems to me that when you mean daytrading you are talking about trading in general (like many who know no other form of trading than "daytrading"), which can extend to months and years of holding time. If buy&hold has some positive expectation value, then so does trading with random entries and exits, excluding commission and slippage. So aside from paying more to trade and wasting one's time, WTF is the difference? |
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So this guy is basically arguing that EMH (strong form, where any public fundamental/technical knowledge leads to 0 return) is true. If it is, then why would you stick money month after month (like he says he does) into this particular asset, and not some other? As a gambling hobby?
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In this market, you either buy or you get bought from.
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Wait......did someone setup their bot wrong again!? We are supposed to be going down people.  Pretty sure Willy the Wanted is setup correctly. |
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Bitstamp criminals only have until Thursday to buy and GTFO before funds are seized by the UK.
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