Google: park irwin technical analysis profitable, then.
I wish they would just give everyone the same results
Their conclusion was that technical analysis gave a small profit on currencies until 1991, but not after, except for Yen. I didn't see anything about bitcoin and 5-10% profit from trading is way lower than historical profit from buy and hold for bitcoin. |
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A better question is has TA ever been shown to have any value?
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it should be easier to get an education.. the more educated people are, the less shit government can pull. problem is, government doesn't want educated people.
Not only that, but people don't want educated people. The general public seems to hate smart people. |
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I think whenever you put currency into wall street's hands it automatically becomes dirty.
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You know what they say, if you don't get the answer you're looking for in a 1 page thread start a 2 page, 4 page, 8 page, and a 28 page thread until you win your argument. |
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What if someone buys out all the food you own? And every time you try to buy new food they buy that from you too? Then you'll surely starve to death.
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There are places like all4btc, but also you can buy a giftcard at gyft.
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You could define it as higher chance of winning, or as a higher EV play.
Betting 100 with 99% chance to win 1 vs betting 1 with 49.5% chance to win 1. Both have the same EV, but the first has a higher chance of winning, so is that better?
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I think you need to define what you mean by "better".
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Yeah, you have to get one of these people to trust you: DefaultTrust
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Yes, even with a house edge you can have a positive expected value(math someone?) Like in my example. 20 losses, or if you had 200 losses to cover, and you only wanted to win 1 base bet. Your expected value should be darn close to the base bet no? Any math people out there, Doog you have been good at this, I could be wrong as well just figured
Here's the formula for expected value: EV = Possible outcome#1 * probability of outcome 1 + Possible outcome2 * probability of outcome2 Let's do the math with Doog's provided numbers: Possible outcome#1: +1 unit Probability of that outcome: 99.16% Possible outcome#2: -127 units Probability: 0.84% Expected value = -.0752 There's no way to have that EV come out positive if the game has a house edge. |
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It's just an accounting ledger that everyone has a copy of that can't be faked.
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Your 2nd part, Martingale doesn't always have negative expectancy(I don't think). If you were to play up to 20 hands, and you had enough to cover 20 losses. The odds of you winning just 1 roll, you would have a positive expectancy...
If you're playing a game with a house edge then you always have a negative expected value. Anything else is silly. Consider a game where the site gave the player the edge. Could you think of any way of betting that would give you a negative expected value? |
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People are too selfish to try and do what's best for everyone.
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I'm looking to participate in trust-required trades with other users on this forum sometime in the near future
Can you be more specific? |
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The only legitimate way to purchase BTC is with cash, everything else is a scam.
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Let's say max bet is at 0.5% of the house bankroll. If everyone turns into a martingale dicer. They're effectively turning your house edge into a 0.0568% game.
No, there's no way to change the house edge by changing the size of your bet. |
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Books like Fortune's Formula have some good stories about this.
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You guys know they put chlorine in the water too? Chlorine and fluorine are both very similar elements. Go worry about that now.
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