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Author Topic: To all your TA experts out there...  (Read 1582 times)
michaelGedi
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"to be or not to be, that is the bitcoin"


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May 10, 2013, 12:02:17 AM
 #21

No, I don't need a picture, if others do they can post one.

I just want to know if it is going up or not.

Taking financial advice from strangers on the internet is a sure way to go broke; do your own analysis and dont expect others to do the work for you.  If you must know other peoples opinions, read one or all of the many analysis threads on this subforum.

Funny, there is no shortage of people here willing to give advice.

I'm not buying or selling any bitcoins at all this week. I'm a buy and hold investor.

I think TA is BS actually, I just was asking to see what people would say. The market has been pretty boring this week.


I think most of the answers in this thread missed the point.

YES OP IT'S GOING UP. Now go read a book or something so you don't have to look at the boring market seeing as you bought and are holding... I'll take the time and effort to post you a picture with lines on it next time ok?

PS - It might also go down...

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evolve
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May 10, 2013, 12:05:23 AM
 #22

Funny, there is no shortage of people here willing to give advice.

I know, I just gave you some. Feel free to ignore it though, I'm sure everyone around here has your best interests in mind.  
UltimateReaper
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I Need More Power


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May 10, 2013, 12:11:20 AM
 #23

Funny, there is no shortage of people here willing to give advice.

I know, I just gave you some. Feel free to ignore it though, I'm sure everyone around here has your best interests in mind.  

evolve I love you <3  Cheesy

lol

We exist, in a seemingly empty universe, bound by perception, and yet most people live in self created illusions and their own versions of reality. It may be, that our logic denies truth. For all we know, we are utterly wrong. We are drones, grasping at self awareness. Nothing is more important than the truth. If I could, I'd become eternal. I'd grasp power, and take myself into the infinity. I want to know, I want to understand, and I want to feel it; I am a machine... and I can know much more.
BitcoinAshley
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May 10, 2013, 02:33:31 AM
 #24

Market should have declined between the 6th and 7th, however an influx of good news kept the price stable with speculators rushing in i.e. China news, Coinbase funding, Bill Gate's endorsement.... However news is news, and the fact that news this good cannot cause the price to breakout is a bad sign.


Bad sign? I'd say it's a good sign. It was all good news but it wasn't REALLY GOOD news, and there was plenty of bad news (lawsuit, exchanges continuing to suck, etc) to go along with it.
The problem is, people who became involved a few months ago are used to HUGE SPIKES on every bit of good news. So when you see good news and no huge spike, it looks bad, right? But it could also mean the market is maturing and we are collectively hesitant to panic-buy on good news just because. Also, media saturation, desensitization, etc. Good news is old news.

This guy's picture is doofy but he makes an astute observation:
Quote from: Frozenlock
The price movement totally disregarded the news for a month. Just saying...

Bitcoin users wising up due to media saturation and decreased appetite for HUGE spikes and crashes? Or bearish indicator? I say the former. People aren't pouring money in every time there is a Forbes/WSJ article or some rich guy talks about bitcoin for 30 seconds.

Frozenlock
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May 10, 2013, 02:48:36 AM
 #25

This guy's picture is doofy but he makes an astute observation:

Say what?  Angry
ironstove
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Possibilities are limitless


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May 10, 2013, 02:53:43 AM
 #26

The claim that news does not affect bitcoin price is a total nonsense.

Chart the price corresponding to news events over the past 3 months and you'll find a clear correlation, this goes with any commodity... Jeez
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