RALLY!!!

[adamstgBit]

Does anyone have data on selling when prices reach a new whole number in USD?

sry,
whole numbers are meaningless...
their is no magical indicator that will let you know when to sell or buy.

[Yuhfhrh]

Does anyone have data on selling when prices reach a new whole number in USD?

sry,
whole numbers are meaningless...
their is no magical indicator, that will let you know when to sell or buy.

Yes there is, all you have to do is look into my crystal ball...

[adamstgBit]

 


i suggest you watch the "Wall Observer - MtGoxUSD wall movement tracker" for bold price movement prediction.

then again, that may not the best idea... 

I've been predicting a "plunge". IMO we are looking at months of trading in the teens and then a slow down trend that will inevitably led to a less then spectacular crash to <10$ ...


good luck!

[pretendo]

Does anyone have data on selling when prices reach a new whole number in USD?

sry,
whole numbers are meaningless...
their is no magical indicator that will let you know when to sell or buy.

No shit, I understand EMH, but the bitcoin market is not efficient like "real" financial markets are.

[sunnankar]

No shit, I understand EMH, but the bitcoin market is not efficient like "real" financial markets are.

EMH is a bunch of crap due to asymmetrical knowledge and information.

[pretendo]

No shit, I understand EMH, but the bitcoin market is not efficient like "real" financial markets are.

EMH is a bunch of crap due to asymmetrical knowledge and information.

Yeah, every market participant doesn't need identical information for markets to be efficient, not even sure how you arrived at that conclusion.

[notme]

No shit, I understand EMH, but the bitcoin market is not efficient like "real" financial markets are.

EMH is a bunch of crap due to asymmetrical knowledge and information.

Yeah, every market participant doesn't need identical information for markets to be efficient, not even sure how you arrived at that conclusion.

No, but every piece of information has to meet a certain threshold of opposing parties who are aware of it for a market to be efficient.

[pretendo]

Wrong again. You can make "wrong" movies with wrong information and the market won't be less efficient. It does not take two to tango.

[notme]

Wrong again. You can make "wrong" movies with wrong information and the market won't be less efficient. It does not take two to tango.

Your statement 'You can make "wrong" movies with wrong information and the market won't be less efficient' is not the same as my thesis that every bit of information must be known by opposing forces in order for the market to be efficient.  If my condition is broken, then the sole party with the true information can use exactly the tactic you describe to break the efficiency.  They purposely let the price deviate from it's true value in order to gather money from suckers.  I'll give you that the break is temporary because they have to take profits at some point, so sure, all markets are "eventually" efficient.

[pretendo]

Maybe you have a private definition of efficient, but it seems like you're arguing something else. At any given moment, a financial instrument's price takes into account all publicly available information, and if there is a large amount of insider trading, privately available. Prices change cannot be predicted by looking at historical price data.

[notme]

Maybe you have a private definition of efficient, but it seems like you're arguing something else. At any given moment, a financial instrument's price takes into account all publicly available information, and if there is a large amount of insider trading, privately available. Prices change cannot be predicted by looking at historical price data.

Well I've given clear definitions for my claims.  You however seem to only be able to argue against claims I'm not making.  I never said anything about predicting future prices.

[mobodick]

lol at the selloff...

[jimbobway]

Time for a rally...

[FreeMoney]

Wrong again. You can make "wrong" movies with wrong information and the market won't be less efficient. It does not take two to tango.

Your statement 'You can make "wrong" movies with wrong information and the market won't be less efficient' is not the same as my thesis that every bit of information must be known by opposing forces in order for the market to be efficient.  If my condition is broken, then the sole party with the true information can use exactly the tactic you describe to break the efficiency.  They purposely let the price deviate from it's true value in order to gather money from suckers.  I'll give you that the break is temporary because they have to take profits at some point, so sure, all markets are "eventually" efficient.

They would have to know the info and know that no one else can get the info and use it to make money by being less greedy.

[naima53]

https://www.youtube.com/watch?v=X8hNoTkX0Vk#t=0m54s
 

[notme]

https://www.youtube.com/watch?v=X8hNoTkX0Vk#t=0m54s
 

Nothing I wasn't used to seeing... until he shot out over his neighbors' houses.

[naima53]

https://www.youtube.com/watch?v=X8hNoTkX0Vk#t=0m54s
 

Nothing I wasn't used to seeing... until he shot out over his neighbors' houses.

He cleverly recharges. After adding the gunpowder, he throws cow manure and press a long metal rod. Showing everyone what he wants to do. As if the hints. And it's no longer a secret. though. 

[notme]

https://www.youtube.com/watch?v=X8hNoTkX0Vk#t=0m54s
 

Nothing I wasn't used to seeing... until he shot out over his neighbors' houses.

He cleverly recharges. After adding the gunpowder, he throws cow manure and press a long metal rod. Showing everyone what he wants to do. As if the hints. And it's no longer a secret. though. 

lolwut

[naima53]

lolwut

[phatsphere]

is "lolthat" a new TA pattern?