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ArticMine
Legendary
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Activity: 2282
Merit: 1050
Monero Core Team
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June 03, 2013, 05:46:54 PM |
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So depending on that, price either walk ~100 -> ~120 way one more time OR start long impulse to ~$15 ... $35 right now.
And I thought I was bearish...  Lucif is one of the very few real bears in here... The rest of members cheering crashes in the "Wall Observer" thread are just bulls disguised as bears, craving cheaper coins so we can increase our stash, while riding the waves of our perma-bull delusions LOL This is a very high risk, but also potentially a very high profit strategy in any market. One has to look at the bull in all of its glory in the eye and SELL and then turn around and look at the bear in all of its glory in the eye and BUY. It is very rare to find a trader that has the skill and nerve to pull this off. Many however will try this strategy and fail at it. |
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lucif (OP)
Sr. Member
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Activity: 462
Merit: 250
Clown prophet
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June 03, 2013, 06:22:31 PM |
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This is a very high risk, but also potentially a very high profit strategy in any market. One has to look at the bull in all of its glory in the eye and SELL and then turn around and look at the bear in all of its glory in the eye and BUY. It is very rare to find a trader that has the skill and nerve to pull this off. Many however will try this strategy and fail at it.
You can't imagine how much I lost learning this strategy =) How was difficult to accept my huge mistakes and make conclusions. But I was generously rewarded for passing this test. |
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Frozenlock
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June 03, 2013, 06:41:28 PM |
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Do you take apprentices?  |
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lucif (OP)
Sr. Member
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Activity: 462
Merit: 250
Clown prophet
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June 06, 2013, 06:07:18 PM |
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$SPX testing ma50. Earlier it bounced off this ma.  |
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BrightAnarchist
Donator
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Activity: 853
Merit: 1000
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June 06, 2013, 10:40:59 PM |
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$SPX testing ma50. Earlier it bounced off this ma. I think this is the kickoff to a brand new major bear market. The 1687 level on the S&P should hold for many years to come IMO |
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notme
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Activity: 1904
Merit: 1002
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June 06, 2013, 10:54:11 PM |
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$SPX testing ma50. Earlier it bounced off this ma. I took off my shorts for now.... if we get a decent bounce I might put them back on. If I miss a big drop, oh well. |
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myself
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Activity: 938
Merit: 1000
chaos is fun...…damental :)
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June 07, 2013, 05:56:56 AM |
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I think this is the kickoff to a brand new major bear market. The 1687 level on the S&P should hold for many years to come IMO
remember the megaphone scenario is extremely bearish but it can happen |
Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
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samson
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Activity: 2097
Merit: 1070
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June 07, 2013, 01:21:06 PM |
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It begins....
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Jaroslaw
Member
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Activity: 84
Merit: 10
supernode
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June 07, 2013, 01:29:47 PM |
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Im waiting for this from 10 april and i have a lot of popcorn |
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samson
Legendary
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Activity: 2097
Merit: 1070
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June 07, 2013, 01:31:34 PM |
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Im waiting for this from 10 april and i have a lot of popcorn You're going to need a lot of popcorn as I have a feeling it's going to take some time. |
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BrightAnarchist
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Merit: 1000
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June 07, 2013, 02:05:54 PM |
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Im waiting for this from 10 april and i have a lot of popcorn You're going to need a lot of popcorn as I have a feeling it's going to take some time. I think it's going to take over a year (or more) before it bottoms... So I'm in no rush |
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BrightAnarchist
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Activity: 853
Merit: 1000
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June 08, 2013, 02:04:24 PM |
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Reposting from another thread: Only a very decisive action from government could bring bitcoin to knees.
Otherwise is the best investment ever. Quote me on this.
Those drops are completely irrelevant I laugh at them.
The problem is this kind of sentiment. The last bitcoin magazine had an article called "the rise and rise of bitcoin"... They don't realize it, but that means only one thing: bear market It's going to take a while but the only way this bear can bottom is when people completely stop viewing bitcoin as an investment |
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michaelGedi
Sr. Member
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Activity: 364
Merit: 250
"to be or not to be, that is the bitcoin"
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June 08, 2013, 02:20:56 PM |
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Reposting from another thread: Only a very decisive action from government could bring bitcoin to knees.
Otherwise is the best investment ever. Quote me on this.
Those drops are completely irrelevant I laugh at them.
The problem is this kind of sentiment. The last bitcoin magazine had an article called "the rise and rise of bitcoin"... They don't realize it, but that means only one thing: bear market It's going to take a while but the only way this bear can bottom is when people completely stop viewing bitcoin as an investment I'm not going to pretend I know much about markets, but how can people stop viewing bitcoin as an investment when there are BTC denominated shares in mining companies and the like? or are you only referring to bitcoin itself, and the need for a complete lack of confidence in it as an investment to enable it to bottom out? or have I misunderstood something? |
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BrightAnarchist
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June 08, 2013, 02:33:15 PM |
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I'm not going to pretend I know much about markets, but how can people stop viewing bitcoin as an investment when there are BTC denominated shares in mining companies and the like? or are you only referring to bitcoin itself, and the need for a complete lack of confidence in it as an investment to enable it to bottom out? or have I misunderstood something?
When btc was $2, almost no-one was referring to it as an "investment". The investment talk occurs at market highs, not at lows (when, ironically, it actually would be a good investment). |
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lucif (OP)
Sr. Member
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Activity: 462
Merit: 250
Clown prophet
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June 08, 2013, 02:39:16 PM |
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true
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KSV
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June 08, 2013, 02:42:37 PM |
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doubt its gonna keep going down too much longer. . . its still a strong bull market on the long term
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KSV
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June 08, 2013, 02:43:27 PM |
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plus it actually has lots of advantageous use as a payment option as opposed to fiat or any other share. its a useful thing to humans and it will bounce back up in the right direction - IMHO.
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ElectricMucus
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Activity: 1666
Merit: 1057
Marketing manager - GO MP
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June 08, 2013, 02:45:38 PM |
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Long term is years, not months.
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