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143
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Economy / Speculation / Re: Bitcoin price over $1000 now.
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on: January 06, 2014, 02:49:14 AM
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Where are all the super cool day traders with their hip lingo who said we were going lower than 550?
Here. And when we got down there I brought some more very cheaply. The thing about us traders is that we don't have a bias one way or another. |
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144
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Economy / Speculation / Re: I Just Made My First Trade
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on: December 03, 2013, 12:08:47 AM
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I've experienced subprime mortgage, been a student of The Great Depression, Savings and Loans, Crash of 1987 and the Internet Bubble. Yes I know my finance very very well thank you, and the one major characteristic that they all have is irrational exuberance from their supporters.
When are you know-it-all finance turds going to realize that your "vast" financial experience doesn't amount to a hill of beans with Bitcoin? Your knowledge of the great depression and the internet boom is utterly irrelevant. Bitcoin is something completely new. I have yet to see a single "financial expert" make a single accurate prediction about what Bitcoin prices will do. Not once! Yet you all continue to speak smugly about your knowledge of "all things" finance, and make your silly predictions. You may know stocks very well, but Bitcoin is a whole different beast. It is a stock, a commodity, a bond, a medium of exchange, an investment all rolled into one. What experience do you have with something like that? None. Most importantly? Bitcoin has a potential "human market cap" of 7 billion people. How many company stocks go worldwide-viral at this speed, with that much potential usership? None. You - just like the rest of us here - have *zero* experience to draw upon when it comes to making predictions. We are all just now learning how Bitcoin moves and acts. The only significant information / analysis you can provide for making future predictions on Bitcoin, is from an analysis of Bitcoin behavior thus far. -Burger- To keep it simple: My point finance is my bread and butter and more importantly technical analysis. It doesn't matter if it's a stock, a commodity, a currency pair; it's the same thing. There's a reason why I have been successful trader; A trades operates through the same concepts: fear and greed. Happy trading. P.S. As predicted, there was a pullback to $850 and looks like there is strength gathering to the upside. Should be testing new highs soon. |
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145
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Economy / Speculation / Re: I Just Made My First Trade
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on: December 01, 2013, 05:44:20 PM
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Pulled out at $1040 earlier yesterday.
The past three days a classic reversal sign has formed called the evening star. A long green candle stick up, followed by a doji (a small candlestick with no upward or downward bias) then a long red candle stick. All of this conclusive that a pullback at the very least is coming and a crash at worst.
Pullback expectation to $800
Crash expectation to $400 or lower
Good luck to all traders.
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146
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Economy / Speculation / Re: I Just Made My First Trade
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on: November 29, 2013, 09:33:47 PM
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Do I know the exact day, hour or candlestick that is going to be the ultimate signal? No, no one does, but I'm conscious enough that it is coming, I suggest you be too.
Nobody argues; windjc rightfully notices that the time is not now. It may be soon, but now is the bull market buffet. If the price surges 20+% in a day across all exchanges - now, that may be a sign. Absolutely. Of course I trade accordingly which is why I rescind my suggestion of pulling back. See the difference between me and most other traders; I don't have an ego. The lack of one helped me to make a lot of money in the past. Happy trading. |
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147
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Economy / Speculation / Re: I Just Made My First Trade
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on: November 29, 2013, 02:19:24 PM
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Personally, I think we are overdue for a huge correction and perhaps you may want to consider taking profits and waiting a few days. There was a strong pullback from 1200 to 1075 on MtGox charts and unless we can manage to get back up to that 1200 level, expect 400ish soon.
Expect $400ish soon? I'M SORRY, didn't we just correct to $400 10 days ago??? And now you are predicting we are going right back there? Hmmm. Ok. Maybe we see $400 again. But not unless we fly up a lot harder first. We just spent several days consolidating before breaking out over $1000. Were you here for that. The market is not in parabolic mode. Its in growth mode because lots of new fiat has been hitting the exchanges from all over the world. In case you didn't get the memo. Yes I was here for $400. Also here for $200 as well as the Silk Road incident which allowed me to get in for as low $85. I've been here all along. Not only here, but I've experienced subprime mortgage, been a student of The Great Depression, Savings and Loans, Crash of 1987 and the Internet Bubble. Yes I know my finance very very well thank you, and the one major characteristic that they all have is irrational exuberance from their supporters. Once the element of greed takes over and all objectivity is lost, that is when people need to become more concern, not indulgent. Bitcoin still has ways to go I agree, but for anyone to say that this move over the pass month or so is not a parabolic, either is completely blinded by the euphoria or completely ignorant. Do I know the exact day, hour or candlestick that is going to be the ultimate signal? No, no one does, but I'm conscious enough that it is coming, I suggest you be too. Happy trading. |
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148
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Economy / Speculation / Re: I Just Made My First Trade
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on: November 29, 2013, 01:15:11 AM
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Personally, I think we are overdue for a huge correction and perhaps you may want to consider taking profits and waiting a few days. There was a strong pullback from 1200 to 1075 on MtGox charts and unless we can manage to get back up to that 1200 level, expect 400ish soon.
I am still convinced that trading between crypto and fiat is not a good idea for me. I would love a huge correction to 400 so I can buy more, but I would not sell for fiat now because I think the price could just as easily rise to 2000. But the idea of trading between bitcoin and litecoin does seem less risky to me. To each his own. That's the beauty of the market; complete autonomy. Good luck. |
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149
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Economy / Speculation / Re: I Just Made My First Trade
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on: November 29, 2013, 12:52:29 AM
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Personally, I think we are overdue for a huge correction and perhaps you may want to consider taking profits and waiting a few days. There was a strong pullback from 1200 to 1075 on MtGox charts and unless we can manage to get back up to that 1200 level, expect 400ish soon.
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151
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Economy / Speculation / Re: Where do you see Bitcoin in 5 years?
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on: November 27, 2013, 09:12:54 PM
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Bitcoin has established itself as the poster child of cryptocurrency. Its future and bitcoins futures are hand and hand and no one other is going to take its spot.
The better question to ask is whether crytocurency has a future. That I am not so sure. The theory works, but the community so far too small at the moment. There needs to be a catalyst that will ultimately send it mainstream and I think we are on a crash course towards that point. The question remains is when it gets there, will the mainstream ever accept it? I doubt it, because there needs to be a "guarantee" or some governing entity to make the average joe feel safe. Bitcoin does not provide that.
So while I do not feel it is going to replace the dollar anytime soon, it isn't going anywhere either. It will always operate as a trading opportunity and offer tax incentives, but don't expect walking into a major fast food chain and ordering with BTC. Sure there will be a few, but never widely accepted.
My .02BTC
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152
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Economy / Speculation / Re: I am happy now
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on: November 19, 2013, 02:26:53 PM
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1. Even a broken clock is right twice a day.
Insinuating that I should say "bubblepop" just once a day? Or maybe just once per bubble?
Insinuating that you shouldn't say it at all. Those who would have listened to you lost out on a great opportunity to make money.
2. We are still no where near the price bitcoin was two weeks ago.
Right, but more downside IMO. So in another 2-3 weeks, we might be lower than we started.
This I agree with. More downside most likely, but the original point still stands. People that made the investment two weeks ago are still up.
3. You shouldn't be happy because other people lost money.
I am happy because I was right, not because people lost money. I do feel sorry for them and I would advise them NOT to play money they not afford to loose. And not loose money they play.
You were not right if it still a winning trade.
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153
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Economy / Speculation / Re: I am happy now
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on: November 19, 2013, 02:15:39 PM
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1. Even a broken clock is right twice a day.
2. We are still no where near the price bitcoin was two weeks ago.
3. You shouldn't be happy because other people lost money.
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154
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Economy / Speculation / Re: Was... that the crash -.-
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on: November 10, 2013, 04:01:14 PM
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We may be in for another "leg" down, but I don't think that it can be anything very significant. Maybe we can fall another 10%, but I think the chances of getting below $266 again is pretty much 0 at this point, so just trying to get that 10%, when you could be looking at 20% - 30% upward moves, even in the short term without breaking a new ATH, is sort of silly.
Current price of BTC is 300 at Mt Gox. A 10% correction will bring us to 270. That's dangerously close to the 266 number you just predicted there's 0% of going under. Is it possible? Sure. I personally just think calling tops and bottoms is quite foolish. No one sincerely knows the bottom or top. It's far better to follow the general direction and trend and at the moment until it reverses, that trend is down. |
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155
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Economy / Speculation / Re: Was... that the crash -.-
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on: November 10, 2013, 03:19:09 PM
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does not work too, need something withou JavaScript  im on a train, a real one, choo choo! Oh fair enough. Then it looks like your out of look.  If you're willing to trust a stranger technical insight. BTC is due for another leg out. Pull out and wait on the side for a while. |
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157
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Economy / Speculation / Re: Was... that the crash -.-
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on: November 10, 2013, 01:48:13 PM
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The "crash" may not be over yet. It could be setting itself up for another leg down. It could also be getting ready to move much higher preparing for an even bigger crash.
Either way, I'm loving this volatility.
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158
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Other / CPU/GPU Bitcoin mining hardware / First Built - Need Help
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on: November 09, 2013, 08:46:34 PM
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Ok, so I am no stranger to the mining game because I had two GPUs for a computer I used to mine.
This however, is my very first ground up mining computer.
I tried building the computer inside a crate and that turned out to be a disaster. So put the entire computer on a floor with a cardboard underneath. I'm sure I saw someone here do the same exact thing. When the computer is turned on and running, it's smooth, however the second I start mining, it's extremely loud and I smell something burning. Is card board an acceptable method to place the motherboard on? Are my videocards too close to one another?
Also, I'm running Windows 8 and it can only recognize 2 of the 6 videocards I have. What gives?
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