haightst
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November 21, 2013, 10:30:43 AM |
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BTC China Rules!! ![Cool](https://bitcointalk.org/Smileys/default/cool.gif)
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haightst
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November 21, 2013, 10:33:22 AM |
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Poor bears. Pockets full of fiat, feeling sad and lonely because the choo choo train is leaving them behind ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Just joking. Huge resistance at $650 on Stamp, BTC1,500 mini-wall (not so mini these days at the current exchange rate) not getting chewed. For those who took profits in the $670-$700 range (Stamp) these were great moments. I personally managed to sell 10% of my stash at $675, re-bought at $420 and just sold again a few hours ago around $630. Let me add that it was mostly sheer luck, my intention was to just take profits and not to daytrade, but you cannot say no to such an opportunity ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Gotta love bitcoin.... So what happened to bitcoin must crash to 50-40 in order to fly to the sky? ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) It crashed to $50 on April 10th, tough ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Let me add that: - being a bear is very satisfying*. If you are right, you are right; if you are wrong, you are rich ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) - I only daytrade during bear markets. I don't see how I can increase my BTC in a bull market, and increasing my BTC is the only purpose of daytrading for me. *I assume that bear or bull, nobody sane is 100% fiat, ever. The chances of the choo choo train leaving you behind are too high. This is why even the super-bears as Blitz do not short BTC ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Is it shorting only when you are all out of coins, but when you sell 50% of your coins it isn't? I'm just curious because people use this word differently. Shorting = borrowing coins to sell them, in the hopes that the price per coin will be lower when you have to give them back. A "short sell" is to sell an asset (BTC) you don't own, you just have borrowed it to sell it because you anticipate the price to go down. That's extremely dangerous with BTC, because the price has the potential to double multiple times very quickly, and thus you can face huge losses by shorting. That's what "shorting" means, but in these forums many people say they are "short" when they have sold coins, which is not correct. What can you expect in a forum where most of people thinks that ROI is a synonym for break-even.... the big difference is that bitcoin can be instantly delivered so if you call in the short you don't have 14 days to cover!~i love it!!! ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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haightst
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November 21, 2013, 10:37:03 AM |
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Oh boy, China is awakening and if Gox breaks through the $700 barrier, we will be getting VERY close to confirming no dead cat bounce.
Very interesting to see what happens here. Wall is building at $700 so I do not think this is going to be easy. How quickly we move through this resistance will let us ALOT about where and how fast we are going.
https://i.imgur.com/PEEsG1X.pngBack to the trend line... carry on. good morning!~ you going to the OC meeting tonight in Fullerton? ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) *blessed!
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gandhibt
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November 21, 2013, 10:37:55 AM |
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Google trends are at ATH, just got higher then what it was april... Senate hearing does its trick and all the other publicity too.
EDIT. ofc the price is the main mover at the background
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NewLiberty
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Gresham's Lawyer
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November 21, 2013, 10:52:53 AM |
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good morning!~ you going to the OC meeting tonight in Fullerton? ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) *blessed! Very likely. I have gone much further for much less. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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November 21, 2013, 11:01:40 AM |
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worldlybedouin
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November 21, 2013, 11:03:03 AM |
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Anyone know a good tax guy in NJ/NY area who actually understands this?
tax? you're kidding right? Actually I was quite serious...last thing I want to do is find myself on the wrong side of a huge ass tax bill for which I'm not able to pay...or worse have to do battle with the IRS.
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haightst
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November 21, 2013, 11:08:51 AM |
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- I only daytrade during bear markets. I don't see how I can increase my BTC in a bull market, and increasing my BTC is the only purpose of daytrading for me.
Any advices on how to get better at it ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) buy my book? ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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haightst
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November 21, 2013, 11:13:19 AM |
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Anyone know a good tax guy in NJ/NY area who actually understands this?
tax? you're kidding right? Actually I was quite serious...last thing I want to do is find myself on the wrong side of a huge ass tax bill for which I'm not able to pay...or worse have to do battle with the IRS. yeah man ~ you need some help? ..pm me your email ! ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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tonico
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November 21, 2013, 11:18:40 AM |
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Historical highs and lows compared using rpietila's trendline:
Date Price / Trend = x% (Factor) Lows 2011-11-17 1.99 / 2.05 = 97.11% (1 / 1.03) 2012-08-19 7.58 / 13.90 = 54.52% (1 / 1.83) 2013-04-16 50.01 / 74.30 = 67.31% (1 / 1.49) 2013-07-05 65.42 / 129.59 = 50.48% (1 / 1.98) Highs 2011-06-08 31.91 / 0.67 = 4780.29% (1 * 47.80) 2012-01-05 7.22 / 2.87 = 251.38% (1 * 2.51) 2012-08-17 15.04 / 13.71 = 109.67% (1 * 1.10) 2013-04-10 266.00 / 71.22 = 373.48% (1 * 3.73) 2013-11-19 900.98 / 333.86 = 269.87% (1 * 2.70)
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Biro Bob
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November 21, 2013, 11:24:13 AM |
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Historical highs and lows compared using rpietila's trendline:
Date Price / Trend = x% (Factor) Lows 2011-11-17 1.99 / 2.05 = 97.11% (1 / 1.03) 2012-08-19 7.58 / 13.90 = 54.52% (1 / 1.83) 2013-04-16 50.01 / 74.30 = 67.31% (1 / 1.49) 2013-07-05 65.42 / 129.59 = 50.48% (1 / 1.98) Highs 2011-06-08 31.91 / 0.67 = 4780.29% (1 * 47.80) 2012-01-05 7.22 / 2.87 = 251.38% (1 * 2.51) 2012-08-17 15.04 / 13.71 = 109.67% (1 * 1.10) 2013-04-10 266.00 / 71.22 = 373.48% (1 * 3.73) 2013-11-19 900.98 / 333.86 = 269.87% (1 * 2.70)
This looks interesting - but what does it mean?
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wachtwoord
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November 21, 2013, 11:26:33 AM |
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Historical highs and lows compared using rpietila's trendline:
Date Price / Trend = x% (Factor) Lows 2011-11-17 1.99 / 2.05 = 97.11% (1 / 1.03) 2012-08-19 7.58 / 13.90 = 54.52% (1 / 1.83) 2013-04-16 50.01 / 74.30 = 67.31% (1 / 1.49) 2013-07-05 65.42 / 129.59 = 50.48% (1 / 1.98) Highs 2011-06-08 31.91 / 0.67 = 4780.29% (1 * 47.80) 2012-01-05 7.22 / 2.87 = 251.38% (1 * 2.51) 2012-08-17 15.04 / 13.71 = 109.67% (1 * 1.10) 2013-04-10 266.00 / 71.22 = 373.48% (1 * 3.73) 2013-11-19 900.98 / 333.86 = 269.87% (1 * 2.70)
This looks interesting - but what does it mean? The deviation from the trend line?
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Pruden
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November 21, 2013, 11:27:36 AM |
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Historical highs and lows compared using rpietila's trendline:
Date Price / Trend = x% (Factor) Lows 2011-11-17 1.99 / 2.05 = 97.11% (1 / 1.03) 2012-08-19 7.58 / 13.90 = 54.52% (1 / 1.83) 2013-04-16 50.01 / 74.30 = 67.31% (1 / 1.49) 2013-07-05 65.42 / 129.59 = 50.48% (1 / 1.98) Highs 2011-06-08 31.91 / 0.67 = 4780.29% (1 * 47.80) 2012-01-05 7.22 / 2.87 = 251.38% (1 * 2.51) 2012-08-17 15.04 / 13.71 = 109.67% (1 * 1.10) 2013-04-10 266.00 / 71.22 = 373.48% (1 * 3.73) 2013-11-19 900.98 / 333.86 = 269.87% (1 * 2.70)
This looks interesting - but what does it mean? That you should not buy when the deviation factor is higher than... I would say 2. I should add that the trendline is still being refined with every passing week. For example, if the same trendline had been built in june 2011 I wonder if $32 would seem such a large deviation at the time.
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Ivanhoe
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November 21, 2013, 11:29:07 AM |
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I'm not convinced of this break out, yet. Very low volume.
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haightst
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November 21, 2013, 11:32:41 AM |
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I'm not convinced of this break out, yet. Very low volume.
lol this ain't a pennystock = it's a revolution!!!!
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gandhibt
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November 21, 2013, 11:34:29 AM |
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I'm not convinced of this break out, yet. Very low volume.
Me neither, just sold other 1/12 so i have sold now 1/6 avg at 608 (stamp) in this rise. Just in case, because I don't have any wealth other than coins and now little bit usd.
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odin.dillinger
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November 21, 2013, 11:36:36 AM |
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I'm not convinced of this break out, yet. Very low volume.
+1
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rpietila
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November 21, 2013, 11:38:13 AM |
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Shorting = borrowing coins to sell them, in the hopes that the price per coin will be lower when you have to give them back. A "short sell" is to sell an asset (BTC) you don't own, you just have borrowed it to sell it because you anticipate the price to go down.
That's extremely dangerous with BTC, because the price has the potential to double multiple times very quickly, and thus you can face huge losses by shorting.
That's what "shorting" means, but in these forums many people say they are "short" when they have sold coins, which is not correct. What can you expect in a forum where most of people thinks that ROI is a synonym for break-even....
"Shorting" is that you own any asset that you don't need, but you decide to not sell it and purchase bitcoins instead.
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Rampion
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November 21, 2013, 11:38:58 AM |
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Shorting = borrowing coins to sell them, in the hopes that the price per coin will be lower when you have to give them back. A "short sell" is to sell an asset (BTC) you don't own, you just have borrowed it to sell it because you anticipate the price to go down.
That's extremely dangerous with BTC, because the price has the potential to double multiple times very quickly, and thus you can face huge losses by shorting.
That's what "shorting" means, but in these forums many people say they are "short" when they have sold coins, which is not correct. What can you expect in a forum where most of people thinks that ROI is a synonym for break-even....
"Shorting" is that you own any asset that you don't need, but you decide to not sell it and purchase bitcoins instead. Shorting USD?? ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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