I shared my results to prove something, and those results were profitable, then others would copy it making my strategy less profitable. So there is no incentive. I have nothing to prove except to myself.

I do see your other point though. There are mountains of bullshit that are marketed to new traders, promising them huge returns with no work. You don't see that too much here (yet) but in traditional markets it's a huge business that preys on the ignorant. Of course there is no free lunch.

Even sites like stockcharts.com don't go into much detail about how to apply TA. They're simply a collection of definitions... what new traders may not understand is getting the basics down is more important than understanding a bunch of indicators... it's like jumping into the deep end of the pool before you've learned to swim. Start with Dow theory--there is nothing magical about it, it's simply understanding how markets work on a basic level. Work up to support and resistance, then moving averages, then reversal signals, maybe some momentum and overbought/oversold indicators... that's pretty much all I use to time the market. Even things like Elliot Wave analysis is too much for me. Maybe someday.

Need some volume soon or else the engine might stall again.

This. This is TA.

You say human action isn't quantifiable with patterns on a chart. I disagree. The field of psychology disagrees. Take a double or triple top. The price bounces of a resistance point two or three times, then falls. Now think about when you knock on someone's door. Do you knock eight or nine times? No. Two or three is sufficient to figure out there's nobody home.

To non-analysts these are simply lines on a chart. To students of TA they say a lot more, and the pictures don't actually matter, what matters is what they represent.

To use another analogy (and to argue that TA is more like an art than science), I could teach you music theory but it wouldn't necessarily make you a good musician. You would be informed, but playing Mozart or Scarlatti piano sonatas might not come easily. That takes years of practice and dedication, and even then you might have no ear at all and someone with a natural affinity to music (basically the ability to perceive it in one's head accurately without an instrument in front of them) would likely eclipse you very quickly with much less work invested. It is not the notes on the paper, it is interpreting what they represent.

In the same way TA requires good intuition, an understanding of human action, and the dedication (also obsession) of learning the markets inside and out, how/why/where they move and when, and mastering one's emotions. There are repeatable patterns that I've learned to recognize and it often feels more like art that science. I can't explain it, neither can I explain how I hear and recognize music intervals without a piano in front of me, or how I control/convey my emotions while performing. It's not very quantifiable on paper, but neither is what artists do. All I can say is that I'm able to make money doing it.

I'm convinced.

Dump3er, I need to offload the rest of my bitcoins in style. Should I dump now or dump later?

True, that's why using an 8 word Diceware passphrase is recommended.

I've often thought of using a Brainwallet but if something ever happened to me my family wouldn't have access to those coins.

The answer to the original question: Not enough. Last year people were content with $100 bitcoins. Seemed like a pretty even number. Just kidding, price shot up 10x.

Take responsibility for your mistake, contact the miner. If they are a decent human being (I think most miners are) you'll probably get it returned.

Every trader is different in regards to the system they use... Different timescales, coin pairs, etc, maybe they arbitrage or program bots. Those methods would be considered secrets if they are consistently profitable because the more people using it, the less profitable it will be.

I feel like it's more like $120. We hung out there for such a long time. Bitcoin is finally stable, they said.

Not really, no. Profitable speculators don't give away their secrets.

This is how it goes every time. Once the train gets going it gets more and more expensive to jump on. We are still refueling and doing engine maintenance IMO. Once we actually leave the station price will be around $800.

Daily chart bear trap.

Bubbles don't go straight up. They pause and correct, sometimes for *gasp* days.

Right. You never know, the guy with a BTC10,000 wallet might sell most of it during the next bubble (I should say "accumulation cycle") thinking it won't go any higher. You just don't know. Lots of people had more bitcoins than that a few years ago and sold them at $5 or $10. That's how distribution works. Don't worry about what others are doing--worry about your own plan.

So if I understand correctly...

-you created a btc address on your iphone
-you transferred 14.47btc from your mtgox account to that address
-you open your iphone app only to discover that the address you created doesn't show up (due to a bug in the app)

It's possible that the private key of that address may still be in your iphone even though the address doesn't appear. I believe blockchain.info private keys are hashed locally in your device by your password. Have you tried jailbreaking the iphone and searching the app directory for the hash?

A percentage of people at the top with the means to acquire Bitcoin certainly will.

Considering he'd be a millionaire with that amount today, probably not a great idea to rub it in.

*facepalm*

Well that shut him up, no surprise there

When all the margined shorts suddenly cry out in terror, then fall silent.

Careful guys. If you haven't sold already it becomes more and more risky as we close in on 560.

Rule #2 of trading: If you don't know what to do, HOLD