Yeah there was no reason to go long here at 390, from a random spike, was clearly a bulltrap. My post history from 2 days ago even said i'm closing my long at 385. I havent touched it since even when we popped over 390.
MattheCat - I agree with you about how this market is run. it is frustrating when you like bitcoin. However at the end of the day you were hoping to win on someone else's dime and you lost on yours. Don't hate the player, hate the game. I feel the same way but I'm hoping for a reasonable buy in window sometime over the next few months and i have my view of where we should be - instead of being a spaz and changing that view when someone pumps up the price out of nowhere for no reason, I'm sticking to it, and making money along the drops.
I'm not a good trader. Just do the opposite of what the whales do.
Yeah....I was hoping to win someones elses dime, just like when I sit down to a game of poker, I am hoping to walk away with other players money. However, one thing sitting down to a game of poker, with a bunch of guys all just approaching the game at face value, playing with the same deck of cards, and by the same rules. Quite another when there is some great big fat toad sitting in the corner, with aces up his sleeves and mirrors reflecting the hands that all his opponents are holding. Bitcoin is a massive global poker game, with just a few great big fat toads, sitting in the corner, with aces up their sleeves and a direct line to everyone elses hands. Technical, Fundamental, Mike Hearn, Blockchain, Civil War.....all means nothing to the toads. They will pump n they will dump. the like of cooldgamer can come on here pumping his gums about him being right, and me (everyone else) being wrong.....but the fact is, on BFX alone, on the morning (UTC) of 6th Feb 2016 3.5 Million USD worth of Long trades were liquidated at a loss as the market moved suddenly, and brutally against them. From the afternoon of the 4th Feb 2016 4000 BTC worth of short trades were liquidated at a loss, as the market moved suddenly, and brutally against them. Seems like everyone here is a fucking loser and everyone is losing a dime, except for the fucking toads with Front Running access to Bitfinex's API, and of course their order books....not saying it is the exchange operators themselves or anything...but it is probably the exchange operators themselves. Just because the whales have a large balance to trade with doesn't mean they can't be used as well. You need to recognize how they act and trade accordingly, not just on TA that on a unmanipulated market may work fine. Some large balance holders may trade on the news that's happening, or use it to their advantage. There have been plenty of flash-crashes in Bitcoin history based on bad news that could have been traded on for a large profit. You really need to take a breather. You didn't need insider information to trade this pump right, and the exchange operators are probably doing juust fine on the fees they're making. |
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Actually this was more of my lines of thinking.  I'm off to bed, it's like 6:00 AM. Enjoy your night dude. |
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When market moves like it does, or like it did on Finex, Kraken, but quite literally nowhere else......there is no doing it properly.
In the trader community that I am part of, NOBODY called this right. The best, or rather the most disciplined traders, simply didn't take a position, cause BTC was in No-Mans land, and never offered up a trade setup that they liked. Majority will still be in their Long trades however, cos they all mostly trade on OKCoin Futures. Only Finex and Kraken pulled this FU move extraordinaire (I trade on Finex/Kraken).
But believe me, there is a whole elaborate art to technicals based trading that will pay dividends in most markets.......even in BTC, and I can spot right away that this is an art form which you sorely lack.
I have made thousands trading these fucking ridiculous 'arbitrary lines' in the past, the unfortunate thing was that by suceeding with this 'technique', I deluded myself into actually thinking it was a valid methodology. It isn't!
For one thing, you're approaching this from a purely TA standpoint. Bitcoin isn't forex, it doesn't have the insane stabilities of countries behind it. A few people (or china in some cases) can move the market a lot, sending it into a panic. Mostly recently I've been short both because of the continuing trend, and because of all the drama going on with the blocksize as well as Mike Hearn Leaving. The drama has been a perfect opportunity for the whales to create false panic and cause some price crashes, letting them buy up cheap coins for a while before we end up going up sometime in the near-future. You're right that my TA isn't exactly world-class, but there's more than pure TA when it comes to trading crypto. It's the ability to use a combination of it to find good times to trade and using the current clusterfucks to your advantage. |
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OP, here's what you need to include if you intend on making a trade on here for something like this. - Pictures of car with piece of paper with username written on it
- Year, condition, details that need to be known
- Location/shipping
- Asking price
- Whether you have the title
- Escrow options if you intend on not doing local pickup
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I'm a broke college student, this is a hobby and I trade what I can afford to lose. Trading a dollar or a thousand, doesn't mean I didn't call it right  Well, if it is your hobby, then get some schooling and learn how to do chart analysis properly.... ....this 'pretty lines on a chart' method is bullshit. The way you have circled these apparent 'breaches' of some totally fucking arbitary support trendline as though they actually meant something is a recipe for disaster. You mean doing it properly like you so I can get mad after losing money? I'll pass, doesn't seem like much fun to me. Thanks for the time arguing, now I can get extra whipped cream courtesy of my sig campaign  |
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What!? You took a 24 billion Satoshi Short Trade!? How can you possibly get to sleep at night?  Man...if I traded 0.24 Bitcoins, I would never lose. I would just leave trade on until it came good, and when it did, I could claim I called the market right, every single fucking time. so erm....what do you plan on spending your $3.58 on? I'm a broke college student, this is a hobby and I trade what I can afford to lose. Trading a dollar or a thousand, doesn't mean I didn't call it right I think I'll treat myself to a coffee while I'm out tomorrow. Gotta love that 20% discount from Foldapp  |
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Oh, is that a Bitstamp chart you are using for your apparent 'TA'?
you fucking 'pretty lines on a price chart drawer' you!
Did you short on Bistamp as well did you?
Screenshot of your short trade entry and exit points or you are talking bullshit.....simples.
Jesus, somebody pissed in your coffee this morning. I was trading on Bitfinex, and still shorting because I think we'll be going back to test 350 soon. Undecided where I'll get out yet, probably 360. Got a stop set at 390, don't feel like losing any money. Had it set at 400 when entering the trade, since I figured if we broke through there the hype would cause another rally.  |
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What about the guys who shorted at 390$ ?
Who the fuck shorted at $390 just yesterday? Very very few. The either highly (inside) knowledgeable and/or the utterly foolish and fortunate. Well I had some in short @375, but doubled down when I saw the pump. You don't have to have inside knowledge to recognize that a price raise for no reason while shit is hitting the fan isn't going to hold, especially when it isn't a strong breakout. No need to get an attitude just 'cause you didn't call it right.  |
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It was a valiant attempt to break out, but alas, the bear market isn't over yet. I think we'll probably test 350 a few times in the next few days after the market tries another few pumps and realizes that it wasn't time to go up.  |
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I got my knife in today, perfectly as described and got shipped really fast. Would not hesitate to buy something from OP again.
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Yeah I think so because btc price starting to goes up again. Many user are still buying and definitely dump again after reaching $400.
it's not a buy time because the price increased by 5% again, that not a good indicator you know, it is a good time because 350 has been proven to be rock solid, and it is alreadyt he new bottom, so buy everything above it if you want profit Um, what? Assuming what you said was true, that would justify buying at 350 for profit. We're over 10% above that, so it could easily drop back down to there and make you lose some cash. it did not go under 350 ever, what make you think it will go now? and 10% is enough for daily profit, you think that those bots out there wait for 100% increase each time to take profit? they even take profit on 1-2% change, let alone 10%, which is huge, with leverage and stuff like that Again, you're not making sense. You said that because the price was above 350 that it was buy time. However, being at ~385 now there is still plenty of room to fall before hitting that support level. If you 'buy everything above 350' you leave yourself plenty of room to lose money. From your last post the only thing I can make out of it is you're advocating buying @350 and selling at anything above. |
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Shipping International charges ? Who pays for it if i pay for the product ? As far as the prices are concerned,I don't mind paying $15 for 1 if the shipping amount is not too much if I'm suppose to be paying for it.Also I live in the Asian Continent.
You pay for complete shipping cost+$15 for the item. USPS says it will cost about $14 to send to China as an example. |
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Yeah I think so because btc price starting to goes up again. Many user are still buying and definitely dump again after reaching $400.
it's not a buy time because the price increased by 5% again, that not a good indicator you know, it is a good time because 350 has been proven to be rock solid, and it is alreadyt he new bottom, so buy everything above it if you want profit Um, what? Assuming what you said was true, that would justify buying at 350 for profit. We're over 10% above that, so it could easily drop back down to there and make you lose some cash. |
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I'll throw 15$ USD for 1.
$16 shipped (split cost)? Sent you a PM with payment address if you're interested, can get it out Friday. |
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I wouldn't buy yet considering that we still have the block size drama going on. It seems like people wish the price would go up, but the whales that are doubtful about how it will be resolved will be bringing it back down soon enough. We're going to need to hold this price or higher for a little bit before I'd consider buying back in, still gonna short for now.
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I've still got these, make an offer if you want a pair~
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This looks like a bull trap to me. If we're going to keep going up in the direction of the previous pump we're going to need to break 400 to be on the safe side. I expect once whatever whales currently holding sell their coins we'll come plummeting back to earth.
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The bot ran into a little hiccup when it came time to send, but it was able to send by itself with a quick tweak. Trading with a bot was pretty surreal, but the experience was smooth and quick. I'd highly recommend trying this.
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Be careful with the people you let trade with you, soon enough somebody is going to come along to scam you and shut down the program. I'm PMing you for a code, seems like a neat idea that I'd like to try out.
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No way we are already going back into bear market mode.. The bull market has hardly started and the trend is still upwards.
Graphs are really nice and always show what the poster wants to. How about you make a graph from the start to now and see what kind of trend bitcoin is making..
*chart snip* I see broken bull trends everywhere  My challenge to you; Find one trend line that has more than 2 touches that reaches back to the beginning and has the price above it now That's the problem, the long-term bulls in bitcoin don't care about charts, TA, or anything like that... they think Bitcoin can only go up in the long run no matter what. As somebody else said in another thread earlier, the big trading whales are: - Trying to manipulate a quick buck out of the market
- Waiting for a chance to get out
With the last bubble many everyday people got in that weren't in the previous ones, so you can hardly look at the past performance and say it's bound to happen again. We have a lot of bagholders from 1k+, and as soon as we go up any decent amount some investors are going to want off the ride. I think in the end we'll bounce up and down in this range for quite a while, still volitile as hell but not a long-term market like we've been used to in the past. The faithful Bitcoiners will be the ones that stick with it at the end of the day, moving the price on whatever drama may be going on within our little world... I believe that Bitcoin is about more than just money, but about testing out something new... seeing what happens when you have an economy without any control over the money itself. That said, it seems simply ridiculous to think that banks will become obsolete by this and we'll take over the world. Can we use the technology and Bitcoin itself to do some amazing things? Absolutely, but that doesn't mean the market is only going to go up forever... we simply offer an alternative to what's out there now, and whether people choose to use that alternative is what drives the price. /preach |
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