PnF TA

[klee]

http://qntra.net/2015/08/collected-notes-on-the-xt-client-and-xtcoin-fork/#more-4041
http://qntra.net/2015/08/hearns-blacklist-shenanigans

http://motherboard.vice.com/read/bitcoin-core-devs-in-civil-war-insist-were-not-getting-the-whole-story

[hdbuck]

heheh, since you seems to be a reader of MP's, here is are some old blogposts of his on the subject - to pass the time until usgavin&co fades out from Bitcoin's History.

http://trilema.com/2015/lets-address-even-more-of-the-more-common-pseudo-arguments-raised-by-the-very-stupid-people-that-like-the-gavin-scamcoin-proposal/
http://trilema.com/2015/lets-address-some-of-the-more-common-pseudo-arguments-raised-by-the-very-stupid-people-that-like-the-gavin-scamcoin-proposal/
http://trilema.com/2015/third-pass-addressing-the-more-common-pseudo-arguments-raised-by-the-very-stupid-people-that-like-the-gavin-scamcoin-proposal/

[klee]

This:




http://www.pixable.com/article/new-jersey-bears-in-kiddie-pool-video-65219

 

[TPTB_need_war]

Gold may rally up to $1188, so there is still a chance BTC can make one more moonshot to $300s before the inevitable decline...

http://www.armstrongeconomics.com/archives/36230



http://www.armstrongeconomics.com/archives/36150

COMMENT: Marty, I want to thank you for showing me how real analysis actually works. I think so many people have been use to the typical buy and hold and its going to the moon forecasts that they do not understand how you even function. I am writing because I think many may misinterpret how you analyze markets. Like your gold forecast of Socrates. I can see that time and price are separate and your turning points can be a high or low. The forecast is a turning point and the interpretation is the trend and price leading into that turning point.

I showed a friend what Socrates wrote on gold and he didn’t get it. He was so use to the typical nonsense that he thought you will always be right because you address both sides. I explained to him it was clear. To continue to move higher gold had to exceed the previous week’s high and a failure means that target inverts and can present a low. Many just do not understand price and time are separate. I can see the difference in how you forecast but some who are use to the gold promoters may not.

REPLY: Yes, you are probably correct. It is hard to keep that in mind when I am used to professionals rather than the general public. A REAL analyst must ALWAYS define where he is right and where he is wrong. The market is infallible, never the analyst. We are along for the ride. This is indeed about trying to listen to what the market is telling you for it is never wrong.

Secondly, it may be exactly opposite of what people believe, but it is far easier to forecast years out than tomorrow. The reason is rather simple. If gold rallies to 1150, 1185, or 1225 and then peaks on the turning point, it is irrelevant. A high is a high regardless of how high unless it starts to exceed Reversals on the monthly level where trend changes. This is what I refer to as NOISE. If we get a high or low in the short-term it does not change the long-term. So people get all flustered with a rally but to me its no big deal until it proves to be something on the monthly level. Everything else is just noise.

In trading as in analysis, just NEVER enter a forecast or a trade without defining where you are right and where you are wrong.

[TPTB_need_war]

heheh, since you seems to be a reader of MP's, here is are some old blogposts of his on the subject - to pass the time until usgavin&co fades out from Bitcoin's History.

http://trilema.com/2015/lets-address-even-more-of-the-more-common-pseudo-arguments-raised-by-the-very-stupid-people-that-like-the-gavin-scamcoin-proposal/
http://trilema.com/2015/lets-address-some-of-the-more-common-pseudo-arguments-raised-by-the-very-stupid-people-that-like-the-gavin-scamcoin-proposal/
http://trilema.com/2015/third-pass-addressing-the-more-common-pseudo-arguments-raised-by-the-very-stupid-people-that-like-the-gavin-scamcoin-proposal/

He makes so many errors in logic. Yet people think he is super smart.

Here are a couple of examples (I stopped read after these because he is wasting my time with his diatribes).

TALKING ABOUT BITCOIN, EVEN IF IN A GROUP, DOES NOT MAKE YOU PART OF BITCOIN.

False. Viral marketing is part of the ecosystem.

Bitcoin is not a reflection of your hopes and aspirations, but a check on them. Bitcoin isn't here to make it easier for you to do what you want to do ; Bitcoin is here to make it trivial for others to prevent you from doing what you want to do every time that's stupid. The sooner you comprehend this fundamental difference between Bitcoin and "technology" especially in the "revolutionary & innovative" subsense of that nonsense, the better, for you.

Bitcoin isn't for everybody. Creating something useful that everyone can use is an exercise in trying to create something that's useful but worthless.

Again he is ignorant of reality and marketing. He can circle jerk with his other wanna-be-megalomaniac fanboiz but it won't change the outcome. Those who will change the outcome will do so by giving people what they want, while simultaneously meeting his desire for decentralized discipline. He formulates the problem set in too narrow terms due to his myopia. He could start by reading me to further his education rather than enclosing himself in his circle jerk echo chamber.

[hdbuck]

heheh, since you seems to be a reader of MP's, here is are some old blogposts of his on the subject - to pass the time until usgavin&co fades out from Bitcoin's History.

http://trilema.com/2015/lets-address-even-more-of-the-more-common-pseudo-arguments-raised-by-the-very-stupid-people-that-like-the-gavin-scamcoin-proposal/
http://trilema.com/2015/lets-address-some-of-the-more-common-pseudo-arguments-raised-by-the-very-stupid-people-that-like-the-gavin-scamcoin-proposal/
http://trilema.com/2015/third-pass-addressing-the-more-common-pseudo-arguments-raised-by-the-very-stupid-people-that-like-the-gavin-scamcoin-proposal/

He makes so many errors in logic. Yet people think he is super smart.

Here are a couple of examples (I stopped read after these because he is wasting my time with his diatribes).

TALKING ABOUT BITCOIN, EVEN IF IN A GROUP, DOES NOT MAKE YOU PART OF BITCOIN.

False. Viral marketing is part of the ecosystem.

Bitcoin is not a reflection of your hopes and aspirations, but a check on them. Bitcoin isn't here to make it easier for you to do what you want to do ; Bitcoin is here to make it trivial for others to prevent you from doing what you want to do every time that's stupid. The sooner you comprehend this fundamental difference between Bitcoin and "technology" especially in the "revolutionary & innovative" subsense of that nonsense, the better, for you.

Bitcoin isn't for everybody. Creating something useful that everyone can use is an exercise in trying to create something that's useful but worthless.

Again he is ignorant of reality and marketing. He can circle jerk with his other wanna-be-megalomaniac fanboiz but it won't change the outcome. Those who will change the outcome will do so by giving people what they want, while simultaneously meeting his desire for decentralized discipline. He formulates the problem set in too narrow terms due to his myopia. He could start by reading me to further his education rather than enclosing himself in his circle jerk echo chamber.

coming from someone like you that rolls out his opinion all over the place, its quite ironic i'd say. ^^
not saying i dont also listen what have to say too.

but i mean come on, you'd love to have half of his 'wanna-be-megalomaniac fanboiz' behind you, just as armstrong has his (and you above all).

anyway as for the first quote, i believe it is actually one of his best spot on yet funnily crude analysis. one that strikes by its simplicity, its honesty.

regarding the second.. marketing? really? mehhhehehe bitcoin does not need marketing to succeed imho. or at least not for the investment way that i wish it to succeed.
im not in favor of some dull mainstream adoption, nor do i think it will ever happen anyway: yet another socialist trap, but i havent signed here to feed the sheeples with insta-frappucinos.
i'll leave this to the silicon valley, VCs and altcoins..

finally, that 'read me' part is quite bold but hehe its, hum, cute. the difference being he would not care about you (or anyone else) reading his stuff..  

other difference is that he strongly believes in bitcoin,  whilst you seems not to, which is kinda tiring if i may say.


ps: no need the ad homs, lets not make it some stupid ego fight.

pps: sry for OT klee, just had to reply.

[TPTB_need_war]

but i mean come on, you'd love to have half of his 'wanna-be-megalomaniac fanboiz' behind you, just as armstrong has his (and you above all).

Please don't insult my intelligence with such fraudulent assumptions.

[hdbuck]

but i mean come on, you'd love to have half of his 'wanna-be-megalomaniac fanboiz' behind you, just as armstrong has his (and you above all).

Please don't insult my intelligence with such fraudulent assumptions.

couldnt resist. why so serious?

[smoothie]

Gold may rally up to $1188, so there is still a chance BTC can make one more moonshot to $300s before the inevitable decline...

http://www.armstrongeconomics.com/archives/36230



http://www.armstrongeconomics.com/archives/36150

COMMENT: Marty, I want to thank you for showing me how real analysis actually works. I think so many people have been use to the typical buy and hold and its going to the moon forecasts that they do not understand how you even function. I am writing because I think many may misinterpret how you analyze markets. Like your gold forecast of Socrates. I can see that time and price are separate and your turning points can be a high or low. The forecast is a turning point and the interpretation is the trend and price leading into that turning point.

I showed a friend what Socrates wrote on gold and he didn’t get it. He was so use to the typical nonsense that he thought you will always be right because you address both sides. I explained to him it was clear. To continue to move higher gold had to exceed the previous week’s high and a failure means that target inverts and can present a low. Many just do not understand price and time are separate. I can see the difference in how you forecast but some who are use to the gold promoters may not.

REPLY: Yes, you are probably correct. It is hard to keep that in mind when I am used to professionals rather than the general public. A REAL analyst must ALWAYS define where he is right and where he is wrong. The market is infallible, never the analyst. We are along for the ride. This is indeed about trying to listen to what the market is telling you for it is never wrong.

Secondly, it may be exactly opposite of what people believe, but it is far easier to forecast years out than tomorrow. The reason is rather simple. If gold rallies to 1150, 1185, or 1225 and then peaks on the turning point, it is irrelevant. A high is a high regardless of how high unless it starts to exceed Reversals on the monthly level where trend changes. This is what I refer to as NOISE. If we get a high or low in the short-term it does not change the long-term. So people get all flustered with a rally but to me its no big deal until it proves to be something on the monthly level. Everything else is just noise.

In trading as in analysis, just NEVER enter a forecast or a trade without defining where you are right and where you are wrong.

where is your crystal ball?

[klee]

226, double bottom break at 2$ box HL:

[klee]

Double digits soon?

TPTB you failed forecaster, you promised me double digits at September!!!! 

[macsga]

Double digits soon?

TPTB you failed forecaster, you promised me double digits at September!!!! 

Still early Klee... Still early! 

Seriously now: It's quite a long shot to assume that BTC will follow gold's foot after the storm hits the markets, TPTB_need_war has a point though which I'm seriously thinking to go ahead and follow. I'm 50-50 yes or no... 

[klee]

Double digits soon?

TPTB you failed forecaster, you promised me double digits at September!!!! 

Still early Klee... Still early! 

Seriously now: It's quite a long shot to assume that BTC will follow gold's foot after the storm hits the markets, TPTB_need_war has a point though which I'm seriously thinking to go ahead and follow. I'm 50-50 yes or no... 

Yeah it may hold here - but I think bears plan to keep low the price (<225) long enough at Finex so the 20m will start pop. Then double digits would be really easy IMO (at least there).

[hdbuck]

I closed longs >280. SItting on my Fiat pile until some signal. Not even sure how low to put my bids. Sub 160?

[klee]

Also, IMO a big reason we hold 220s last times was the bull whale that now probably is on sale skinned in a butcher shop  

[klee]

I closed longs >280. SItting on my Fiat pile until some signal. Not even sure how low to put my bids. Sub 160?

IMO 125, 100, 75, 50 are good buys.

[klee]

I closed longs >280. SItting on my Fiat pile until some signal. Not even sure how low to put my bids. Sub 160?

IMO 125, 100, 75, 50 are good buys.

Also 20-25, 10, 5, 1 and 1 but wtf? 

[hdbuck]

I closed longs >280. SItting on my Fiat pile until some signal. Not even sure how low to put my bids. Sub 160?

IMO 125, 100, 75, 50 are good buys.

Also 20-25, 10, 5, 1 and 1 but wtf?  

Lol yea but i would argue that anything below 50 would not be such good buy Since bitcoin would likely not recover from it.

Also wtf ima have so Many coins if i buy sub100

[macsga]

Bitcoin price follows certain patterns. I don't know how it manages to do so, but frankly, if you sit down and test them they're there! I was talking with a friend here (Physicist) that said they were nothing but fractalized following specific ups and downs within a specific timeframe. He used historical data to prove his claim and I agreed that most of it (as an argument) was true.

You will often see people who are doing TA charts here claiming -more or less- this obvious similarity of BTC after a time period of circa 2y. I don't believe it very much but the last couple of times it worked like a clockwork! Honestly, I really want to observe carefully what TPTB/Armstrong predict about BTC/Gold price respectively. I don't know if I'll buy the chance, but I will closely watch for it.

If the aforementioned correlation is there, it's gonna be awesome!

[klee]

Bitcoin price follows certain patterns. I don't know how it manages to do so, but frankly, if you sit down and test them they're there! I was talking with a friend here (Physicist) that said they were nothing but fractalized following specific ups and downs within a specific timeframe. He used historical data to prove his claim and I agreed that most of it (as an argument) was true.

You will often see people who are doing TA charts here claiming -more or less- this obvious similarity of BTC after a time period of circa 2y. I don't believe it very much but the last couple of times it worked like a clockwork! Honestly, I really want to observe carefully what TPTB/Armstrong predict about BTC/Gold price respectively. I don't know if I'll buy the chance, but I will closely watch for it.

If the aforementioned correlation is there, it's gonna be awesome!

With 1 big difference - Bitcoin CAN go to zero, Gold can't....