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Author Topic: BTC/USD: Ready for "The Running of the Bears"?  (Read 19428 times)
smoothie
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March 25, 2013, 08:12:26 PM
 #101

OP, keep trying to call the top of BTC.

You will become Proudhon v0.5  Tongue

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March 25, 2013, 08:14:06 PM
 #102

Yeah.... right...  Roll Eyes

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March 25, 2013, 08:19:00 PM
 #103

Yeah.... right...  Roll Eyes

LOL is that all you got?

I can prove it too lol. Wanna do a escrowed bet of a substantial amount of BTC that I bought several 100 k of LTC and sold 3/4 of it in the last run up for BTC?

I have all the BTC-e logs to prove it.

Wanna go? Chicken? Let's use Maged to escrow the bet in BTC and the bet should be 250BTC.

 Cheesy Cheesy Cheesy

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. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
LEALANA  PHYSICAL MONERO COINS 999 FINE SILVER.
 
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March 25, 2013, 08:24:15 PM
 #104

Yeah.... right...  Roll Eyes

LOL is that all you got?

I can prove it too lol. Wanna do a escrowed bet of a substantial amount of BTC that I bought several 100 k of LTC and sold 3/4 of it in the last run up for BTC?

I have all the BTC-e logs to prove it.

Wanna go? Chicken? Let's use Maged to escrow the bet in BTC and the bet should be 250BTC.

 Cheesy Cheesy Cheesy


But that would require one to put their money where their mouth is...

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March 25, 2013, 08:25:48 PM
 #105

Yeah.... right...  Roll Eyes

LOL is that all you got?

I can prove it too lol. Wanna do a escrowed bet of a substantial amount of BTC that I bought several 100 k of LTC and sold 3/4 of it in the last run up for BTC?

I have all the BTC-e logs to prove it.

Wanna go? Chicken? Let's use Maged to escrow the bet in BTC and the bet should be 250BTC.

 Cheesy Cheesy Cheesy


But that would require one to put their money where their mouth is...

Yes it would. Now the ball is in ATC777's court.

I've already called him out on an escrowed bet. We'll see who is laughing all the way to the bank after this.

ATC777, bring it! lol  Grin Grin Grin

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March 25, 2013, 08:28:55 PM
 #106


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March 25, 2013, 09:01:48 PM
 #107

So Cyprus has a bailout deal now? Kicking the can down the road? I'm just tuning into CNBC... anyone know more about it?

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March 25, 2013, 09:20:29 PM
 #108

So Cyprus has a bailout deal now? Kicking the can down the road? I'm just tuning into CNBC... anyone know more about it?

So you gonna back up your bullshit with BTC? I made you an escrowed bet.

Chicken?  Grin Grin Grin

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March 25, 2013, 09:29:38 PM
 #109

So Cyprus has a bailout deal now? Kicking the can down the road? I'm just tuning into CNBC... anyone know more about it?

So you gonna back up your bullshit with BTC? I made you an escrowed bet.

Chicken?  Grin Grin Grin
I cant tell how serious you are with all the smiley faces.
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March 25, 2013, 09:32:07 PM
 #110

So Cyprus has a bailout deal now? Kicking the can down the road? I'm just tuning into CNBC... anyone know more about it?

So you gonna back up your bullshit with BTC? I made you an escrowed bet.

Chicken?  Grin Grin Grin
I cant tell how serious you are with all the smiley faces.

I'm serious. I never back down from a challenge like this.

ATC777 thinks I was bullshitting, well let's see if he is willing to put his money where his mouth is. My escrow bet to him (through Maged) is still on the table for 250BTC.

If he doesn't accept, he is a pussy who just talks.

 Grin Grin Grin

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. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
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March 25, 2013, 09:48:06 PM
 #111

I'm serious. I never back down from a challenge like this.

ATC777 thinks I was bullshitting, well let's see if he is willing to put his money where his mouth is. My escrow bet to him (through Maged) is still on the table for 250BTC.

If he doesn't accept, he is a pussy who just talks.

 Grin Grin Grin

LOL you're so drove... your pride is hurt over the Litecoin thing, and now you're like a child trying to save face in front of his peers...

"My daddy IS a super millionaire! Promises! WANNA BET?! WANNA BET!? You're chicken!!!"

Haaaaaaaaaaaaaaaaaaaaaa!!!!  Grin Grin Grin Grin

This is why the ignore button under your name is highlighted in orange, begging to be pressed... Go somewhere, dude...

BTW, as IF I'm going to trust any sort of bet with you and a guy named "Maged" who I don't even know, even if I cared about your wounded pride... lol

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March 25, 2013, 09:50:28 PM
 #112

I'm serious. I never back down from a challenge like this.

ATC777 thinks I was bullshitting, well let's see if he is willing to put his money where his mouth is. My escrow bet to him (through Maged) is still on the table for 250BTC.

If he doesn't accept, he is a pussy who just talks.

 Grin Grin Grin

I also can't understand exactly what the bet is...It seems your betting him that you made money in the past. At least as far as I can tell


LOL is that all you got?

I can prove it too lol. Wanna do a escrowed bet of a substantial amount of BTC that I bought several 100 k of LTC and sold 3/4 of it in the last run up for BTC?

I have all the BTC-e logs to prove it.

Wanna go? Chicken? Let's use Maged to escrow the bet in BTC and the bet should be 250BTC.

 Cheesy Cheesy Cheesy

[/quote]

Please correct me I hope I'm wrong LOL
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March 25, 2013, 09:50:42 PM
 #113

I'm serious. I never back down from a challenge like this.

ATC777 thinks I was bullshitting, well let's see if he is willing to put his money where his mouth is. My escrow bet to him (through Maged) is still on the table for 250BTC.

If he doesn't accept, he is a pussy who just talks.

 Grin Grin Grin

I'm a pussy. Let it be known to all.

Oh? ^  Cheesy


LOL at least I can back up what I say with money and truth. Yes let it be known that ATC777 is a pussy who can't back up his claims.


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. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
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March 25, 2013, 09:53:29 PM
 #114

LOL you're so drove...

Smoothie isn't drove, he's a trove honest troll that calls out bullshit when he sees it!

FTFY  Grin

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BTC4Amazon
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March 25, 2013, 09:56:45 PM
 #115

LOL you're so drove...

Smoothie isn't drove, he's a trove honest troll that calls out bullshit when he sees it!

FTFY  Grin
Smoothie man, no disrespect intended but, You remind me of someone who runs one of the conspiracy theory websites lol

Also mind answering what exactly you want to bet about?
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March 25, 2013, 10:02:00 PM
 #116


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March 25, 2013, 10:13:30 PM
 #117

Oh, Well Like I said it's a stupid bet to bet against something that has already happened, Unless your going to win.
If your interested in buying that silver back so you can do it again I have maples going for some of the best prices around and a few bars going for spot Tongue (Not to get off topic or anything Tongue )
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March 25, 2013, 11:28:02 PM
 #118

LOL ok... enough, enough, enough... I think it's sad that we let speculation threads devolve into this sort of thing, and here's to hoping we can continue discussing the market without any more of this nonsense...

I'm wondering if we have any users from the EU in here who could shed some light on the current situation in Cyprus and what the implications of this so-called "deal" are for the global banking system and Bitcoin itself?

The Cyprus crisis seems to be one of the more important factors in the "bitcoin mania", and this "deal" could perhaps have some sway.

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March 26, 2013, 01:11:59 AM
 #119

atc cannot understand

This is not a stock
A bond
A share
A option

Its a currecny, its not a investment vehicle per se

Rather btc is a reorganisation of society.

A side effect is you wealth may be accrued who ascribe to this new paradgm sooner

It does not obey any analysis you know of or have used. Iron condors, copper crustations or any other psuedo babble you wallow in, come back to me with a physics level proof then i will listen
Even if analysis could be said to work, because anyone that could call event 0.5% consitantly would own the world in 5 years - 10 years.

Furthey the gulf for btc to grow into is all of human historys years of scams wealth dilution by QE etc for the benefit of the banksters....that is trillions upon trillions that are going to be gobbled up by btc or some other crypto.

There is only 2 ways this can go to infinty and beyond or zero.

No one has made an international currecny before, nor one that can be artifficaly manipulated, or the powerfull can just take.

This is a shift in soverignty from the state to the indivdual

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March 26, 2013, 02:34:48 AM
 #120

I'm sorry, my friend, but it's you who does not understand... and don't feel bad, because you're not alone in having no clue what technical analysis is, how/why it's used and how it works. So I will, again, try to be helpful and explain this in a very simple, easy-to-get fashion not only for your benefit but for the benefit of the community...

Technical analysis does not concern itself with the underlying asset, but instead focuses on the behavior of the human beings buying and selling that asset (and nowadays the bots as well -- which are coded to use TA of all things). It can be anything; a stock, commodities, currency, tulips, real estate, interest rates, money (e.g., gold or silver) and even non-financial sets of data. In fact, I know a doctor who analyzes candlestick charts of his patient's blood-sugar levels and is able to accurately forecast how each patient will respond to different types of food and medication (one of the coolest forms of TA I've ever seen). Interestingly enough, he is also a successful investor. Bitcoin has all of the necessary elements required to use traditional (financial) technical analysis: 1) price 2) it is bought and sold 3) past market data and information.

Technical analysis is sort of a study of "mass psychology"; the psychology of "the crowd". Human beings can behave in very predictable patterns, and often repeat the same behaviors over and over. We are still the same creatures we were 50 years ago, 100 years ago and beyond. And it is unlikely we will change anytime soon. And it is also unlikely that our key "money emotions" (e.g., greed and fear) will be changing anytime soon. Our innate greed pushes us to buy something we believe will bring us pleasure or increase our wealth, and our fear of losing money drives us to sell things before the value decreases causing a material or financial loss.

Where does Bitcoin derive its value? From scarcity? No... there are plenty of things that are unique and scarce which aren't worth anything. I can pick a booger out of my nose that is unlike any other booger ever picked, but I doubt people will be lining up to buy it for thousands of dollars (or even a penny). So if it's not scarcity, what is it? Bitcoin, like all other things, derives its value from our belief in its value. In fact, the concepts of "money" and "value" are abstract concepts our species has invented for the benefit (or as some would argue, to the detriment) of our own society. If you throw a handful of $100 bills into the air in a nightclub people will push, shove and fight to get them... toss a handful of $100 bills into a cage full of cats and they will not be aroused (in fact they might end up urinating on the cash lol). While I share a similar philosophy to jubalix about the evils of central banks, fractional reserve banking and the merits of bitcoin, this absolutely does not exempt bitcoin from the basic social and economic forces that push and pull all things financial; those very things technical analysts care about.

You can look at any bitcoin price chart priced in any currency on any time-frame and you will see a plethora of well-known technical patterns which behaved exactly the same way they have in the past with other financial assets. A BTC/USD chart, for example, is full of patterns like double/triple tops, double/triple bottoms, tombstones, cup & handles, head & shoulders (and inverted h&s), you name it. We can also see the exact same indicators we use on stocks, futures and other assets behaving the same way with Bitcoin as they do with other assets. In fact, the bots trading on MtGox and BTC-E (some of which are making loads of money) are using TA to trigger trades and manage risk.

Technical analysis can work with anything, my friends. Sometimes (in fact, quite often) the analyst is wrong. He/she misses something important, draws the wrong conclusion from the data or makes a bad call... sometimes a major market-moving event occurs that totally changes everything and overrides the factors that were previously in play... But TA is not purely about "right vs wrong". It's about looking for hints, ideas and opportunity... it's about making forecasts and educated guesses rather than making "predictions"... black and white logic does not work here. The great thing about using technical analysis with a good risk management strategy is that you can be wrong more often that you're right and still be highly profitable. TA is a tool, not a religion. And you're a hell of a lot better off with a good toolset than you are blindly stumbling about in the dark and making trading decisions based on philosophical rhetoric or political ideology.

That will be all, for now...  Smiley

Regards,

--ATC--

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