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Author Topic: BTC/USD: Ready for "The Running of the Bears"?  (Read 19421 times)
ATC777
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April 01, 2013, 07:24:22 PM
 #241

You didn't answer my question at all. Either the price will go up or it will go down, do you have a price where you start buying back in?

To the downside or the upside? You didn't specify so I didn't know how to answer...

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April 01, 2013, 07:34:13 PM
 #242

At what prices are you going to start buying in again? As it goes up, where do you admit you were wrong and buy back in, or as it goes back down where do you start getting back in?

If the rally just continues on from here without looking back then I will have been "wrong". There's not a "magic number of wrongness", but rather it would be time and stability that could prove me wrong. But thinking about this in terms of "right" and "wrong" is a bad way to think of it. No one can always be right, and everyone should prepare to be wrong... you can be "wrong" for the "right" reasons (e.g., reducing your risk/exposure to prepare for retirement and missing a big rally in stocks) and vice-versa (e.g., getting lucky on a big gamble).

But I'm still holding my position, still a bear/skeptic. Exhaustion move is in play and eagerly anticipating some interesting action in the days to come. :-)

I think you specifically said:
Last time I was uncertain about what was to come... but this time I'm going to go out on a limb and make you a clear-cut suggestion: sell. I'm selling.

If people would have sold then then they would have lost massive ammounts of value.

Combined with the fact that all your tools were pointing in the wrong direction i'd say that your advice was of a pretty amazingly magical number of wrongness.

deathcode
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April 01, 2013, 07:36:45 PM
 #243

You didn't answer my question at all. Either the price will go up or it will go down, do you have a price where you start buying back in?

To the downside or the upside? You didn't specify so I didn't know how to answer...

Either the price will go up or it will go down, do you have a price where you start buying back in?
Either the price will go up or it will go down, do you have a price where you start buying back in?
Either the price will go up or it will go down, do you have a price where you start buying back in?

Should we tried a different language? Maybe french??? Spanish?
I don't know, because in english that's a very clear question and before that, it was a clearly stated as well:

"At what prices are you going to start buying in again? As it goes up, where do you admit you were wrong and buy back in, or as it goes back down where do you start getting back in?"

Are you sure you went to school?

Man, I can only imagine your coding.... LOL

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April 01, 2013, 07:41:59 PM
 #244

Evasion, recalcitrance, self-deception. Expensive habits Grin
ATC777
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April 01, 2013, 07:43:22 PM
 #245

Tune into CNBC quick.... they're about to discuss Bitcoin.

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ATC777
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April 01, 2013, 07:48:42 PM
 #246

You didn't answer my question at all. Either the price will go up or it will go down, do you have a price where you start buying back in?

To the downside or the upside? You didn't specify so I didn't know how to answer...

Either the price will go up or it will go down, do you have a price where you start buying back in?
Either the price will go up or it will go down, do you have a price where you start buying back in?
Either the price will go up or it will go down, do you have a price where you start buying back in?

Should we tried a different language? Maybe french??? Spanish?
I don't know, because in english that's a very clear question and before that, it was a clearly stated as well:

"At what prices are you going to start buying in again? As it goes up, where do you admit you were wrong and buy back in, or as it goes back down where do you start getting back in?"

Are you sure you went to school?

Man, I can only imagine your coding.... LOL

What are you even trying to say, dude? Was this supposed to hurt my feelings?

The question is unclear... it does not specify if he means to the upside or downside. Is he asking me where I will start buying Bitcoins if the price falls (lower prices) or if he's asking me where I will start buying coins at a higher price if I felt I was wrong and tried to get back in. Obviously, this one question would require two different answers...

You would be surprised by my coding... much better than your reading comprehension and writing.  Wink

Epic Coinage -- Gold, Silver, Bitcoin, Exchange, Apparel, Electronics and more!

Check the official trade thread for full list of products and services!

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Zangelbert Bingledack
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April 01, 2013, 07:51:36 PM
 #247

If price crashes due to bad news (hack, glitch, regulation, etc.), would it count as an accurate forecast or just be a wash?
ATC777
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April 01, 2013, 07:52:05 PM
 #248

You didn't answer my question at all. Either the price will go up or it will go down, do you have a price where you start buying back in?

To the downside or the upside? You didn't specify so I didn't know how to answer...

OK, let me make the question clearer for you to understand (I guess I had rolled two questions into one, so let me split them out separately):

First question:  If the price of bitcoins continues rising, at what point do you say "I could make some money by buying bitcoin and riding this wave up" and buy back in?

Second question: If the trend reverses and bitcoin price starts dropping, at what point do you say "I better buy some so I don't miss the bottom" and buy back in?

This I can answer...

First answer: It depends. I don't have a concrete number in mind. It's going to depend on whether or not the market shows enough stability to justify assuming more risk and what prices we're trading at that point in time. It would be an opportunistic trade decision...

Second answer: I'll start buying in an upright pyramid fashion between $60 and $55, and continually buy more as it drops to keep averaging my cost lower and lower.

Epic Coinage -- Gold, Silver, Bitcoin, Exchange, Apparel, Electronics and more!

Check the official trade thread for full list of products and services!

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deathcode
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April 01, 2013, 07:52:23 PM
 #249

You didn't answer my question at all. Either the price will go up or it will go down, do you have a price where you start buying back in?

To the downside or the upside? You didn't specify so I didn't know how to answer...

Either the price will go up or it will go down, do you have a price where you start buying back in?
Either the price will go up or it will go down, do you have a price where you start buying back in?
Either the price will go up or it will go down, do you have a price where you start buying back in?

Should we tried a different language? Maybe french??? Spanish?
I don't know, because in english that's a very clear question and before that, it was a clearly stated as well:

"At what prices are you going to start buying in again? As it goes up, where do you admit you were wrong and buy back in, or as it goes back down where do you start getting back in?"

Are you sure you went to school?

Man, I can only imagine your coding.... LOL

What are you even trying to say, dude? Was this supposed to hurt my feelings?

The question is unclear... it does not specify if he means to the upside or downside. Is he asking me where I will start buying Bitcoins if the price falls (lower prices) or if he's asking me where I will start buying coins at a higher price if I felt I was wrong and tried to get back in. Obviously, this one question would require two different answers...

You would be surprised by my coding... much better than your reading comprehension and writing.  Wink

Seems like I understood his question and you didn't
And yes, it has two answers. there are two questions. I'm sure I won't be surprised.

ATC777
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April 01, 2013, 07:54:58 PM
 #250

If price crashes due to bad news (hack, glitch, regulation, etc.), would it count as an accurate forecast or just be a wash?

If the price explodes to $200 because of an unforeseen factor would that count as being wrong? You would say so, wouldn't you? deathcode would even try to take credit for it lol. Smiley

Unforeseen events are part of the market. I still don't understand why we're arguing about "right" and "wrong"... this is trading. Everyone is wrong.


@ deathcode:

No, you thought you understood, like you think you understand a lot of other things but actually don't (e.g., the entire thread, TA, risk management, finance, etc).  Cheesy

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deathcode
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April 01, 2013, 07:55:38 PM
 #251

You didn't answer my question at all. Either the price will go up or it will go down, do you have a price where you start buying back in?

To the downside or the upside? You didn't specify so I didn't know how to answer...

OK, let me make the question clearer for you to understand (I guess I had rolled two questions into one, so let me split them out separately):

First question:  If the price of bitcoins continues rising, at what point do you say "I could make some money by buying bitcoin and riding this wave up" and buy back in?

Second question: If the trend reverses and bitcoin price starts dropping, at what point do you say "I better buy some so I don't miss the bottom" and buy back in?

Does it really matter to you when is he going to buy/sell?
considering his record of failed TA's and conclusions, I wouldn't take any advice from this guy. Just a warning! Smiley

ATC777
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April 01, 2013, 08:00:46 PM
 #252

Does it really matter to you when is he going to buy/sell?
considering his record of failed TA's and conclusions, I wouldn't take any advice from this guy. Just a warning! Smiley

I know, whereas you possess all the qualities of a great money manager and financial advisor... rash, arrogant, emotional, leaping to conclusions, uncompromising, difficult to get along with, condescending, general know-it-all attitude... we should all hire you to manage our money!  Grin

Epic Coinage -- Gold, Silver, Bitcoin, Exchange, Apparel, Electronics and more!

Check the official trade thread for full list of products and services!

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deathcode
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April 01, 2013, 08:01:48 PM
 #253

If price crashes due to bad news (hack, glitch, regulation, etc.), would it count as an accurate forecast or just be a wash?

If the price explodes to $200 because of an unforeseen factor would that count as being wrong? You would say so, wouldn't you? deathcode would even try to take credit for it lol. Smiley

Unforeseen events are part of the market. I still don't understand why we're arguing about "right" and "wrong"... this is trading. Everyone is wrong.
I'm sorry, but you can see my amazing TA Here ---> https://bitcointalk.org/index.php?topic=159369.0

It doesn't have any amazing graphs or pictures like yours, yet, it's at least 30% more profitable than yours since it was posted when price was $78
On top of that, it only has two lines so no extra reading required.
I don't need to take credit for anything other than what's written.
You should take credit for your horrible piece of advice Smiley


deathcode
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April 01, 2013, 08:03:56 PM
 #254

Does it really matter to you when is he going to buy/sell?
considering his record of failed TA's and conclusions, I wouldn't take any advice from this guy. Just a warning! Smiley

I know, whereas you possess all the qualities of a great money manager and financial advisor... rash, arrogant, emotional, leaping to conclusions, uncompromising, difficult to get along with, condescending, general know-it-all attitude... we should all hire you to manage our money!  Grin

Investors don't care if you're the biggest son of a bitch in the world as long as you make money for them, they will love you. I can't say the same about someone who missed the opportunity of 30% return in less than 2 weeks!

And you're not Mr. Nice guy here.

deathcode
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April 01, 2013, 08:16:29 PM
 #255

You didn't answer my question at all. Either the price will go up or it will go down, do you have a price where you start buying back in?

To the downside or the upside? You didn't specify so I didn't know how to answer...

OK, let me make the question clearer for you to understand (I guess I had rolled two questions into one, so let me split them out separately):

First question:  If the price of bitcoins continues rising, at what point do you say "I could make some money by buying bitcoin and riding this wave up" and buy back in?

Second question: If the trend reverses and bitcoin price starts dropping, at what point do you say "I better buy some so I don't miss the bottom" and buy back in?

This I can answer...

First answer: It depends. I don't have a concrete number in mind. It's going to depend on whether or not the market shows enough stability to justify assuming more risk and what prices we're trading at that point in time. It would be an opportunistic trade decision...

Second answer: I'll start buying in an upright pyramid fashion between $60 and $55, and continually buy more as it drops to keep averaging my cost lower and lower.

See, that was not so hard, was it?

This reminds me of a text adventure game I played when I was little. It was frustrating because you had to use the exact key words to do anything in the game, but sometimes the word they were looking for was not obvious.


Does it really matter to you when is he going to buy/sell?
considering his record of failed TA's and conclusions, I wouldn't take any advice from this guy. Just a warning! Smiley

I am not saying I would take technical advice from him, just trying to get  abetter idea of where he sees the market going.

Fair enough!

And I know what you mean by the previous statement. Maybe because he's "coding" so he needs the exact input to have output.

ATC777
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April 01, 2013, 08:19:46 PM
 #256

And I know what you mean by the previous statement. Maybe because he's "coding" so he needs the exact input to have output.

Pray tell, what exactly do you have against me doing some programming?  Roll Eyes

Epic Coinage -- Gold, Silver, Bitcoin, Exchange, Apparel, Electronics and more!

Check the official trade thread for full list of products and services!

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deathcode
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April 01, 2013, 08:20:49 PM
 #257

And I know what you mean by the previous statement. Maybe because he's "coding" so he needs the exact input to have output.

Pray tell, what exactly do you have against me doing some programming?  Roll Eyes
What was your major in college if I may ask?

mobodick
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April 01, 2013, 08:33:29 PM
 #258

SELL SELL SELL!!!

We broke the "psychological" barrier of $100!!!
World will end, bitcoin will fall, and the OP goes nuts!
save us all OP
Give us one more TA for the fans!
Proudhon and ATC are my true heroes from this day on! Smiley


Lol go ahead and buy those $106 coins... today is your day! Roll Eyes

You have to admit that the people who bought at $30 (the real real real long players) will be pretty happy with the recent price and their trust in bitcoin was deserved.
ATC777
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April 01, 2013, 08:35:59 PM
 #259

And I know what you mean by the previous statement. Maybe because he's "coding" so he needs the exact input to have output.

Pray tell, what exactly do you have against me doing some programming?  Roll Eyes

It is not that we have anything against coding, but that you refuse to understand statements or questions unless they fit your predefined rules. He is saying that your cognitive abilities lack flexibility.

Nah, he's made several nasty remarks about it before this...

You have to admit that the people who bought at $30 (the real real real long players) will be pretty happy with the recent price and their trust in bitcoin was deserved.

Sure they are... but if they don't ever sell and it drops right back to earth they didn't actually make a profit. I started buying coins at $12. :-)

Epic Coinage -- Gold, Silver, Bitcoin, Exchange, Apparel, Electronics and more!

Check the official trade thread for full list of products and services!

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April 01, 2013, 10:42:14 PM
 #260

I went all in at $28...everyone was saying "Soon as it hits $32 its gonna crash... sell now"... this pattern will be repeated from here to $100,000.

- aka The "DigiMan"
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