hdbuck
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February 07, 2014, 08:58:32 AM |
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Time to buy (short term)  short term? As if it can drop lower mid term? |
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lebing
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Enabling the maximal migration
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February 07, 2014, 09:11:49 AM |
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Time to buy (short term) short term? As if it can drop lower mid term? yes. |
Bro, do you even blockchain?
-E Voorhees
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N12
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February 07, 2014, 10:46:37 AM |
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Time to buy (short term) Indeed time to begin, but probably not only short term for me.  So, "good news" guys, how do you explain all of this despite the "good news"? Learn to realize it, markets are made up of people and people make up their decisions according to their emotions which in turn is the lense for EVERYTHING external! |
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Tzupy
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February 07, 2014, 10:51:19 AM |
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So, "good news" guys, how do you explain all of this despite the "good news"?
The bubble is deflating, news can only trigger moves, but when the influx of new fiat into the exchanges stalls and there are fewer greater fools willing to buy high, what happens is a normal market movement. |
Sometimes, if it looks too bullish, it's actually bearish
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BlackHayate
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February 07, 2014, 11:00:13 AM |
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Dragonkiller
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Super Smash Bros. Ultimate Available Now!
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February 07, 2014, 11:07:58 AM |
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Time to buy (short term) Indeed time to begin, but probably not only short term for me. So, "good news" guys, how do you explain all of this despite the "good news"? Learn to realize it, markets are made up of people and people make up their decisions according to their emotions which in turn is the lense for EVERYTHING external! I'm starting to believe you. Do you know any good books etc on this topic? |
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N12
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February 07, 2014, 12:08:25 PM |
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Time to buy (short term) Indeed time to begin, but probably not only short term for me. So, "good news" guys, how do you explain all of this despite the "good news"? Learn to realize it, markets are made up of people and people make up their decisions according to their emotions which in turn is the lense for EVERYTHING external! I'm starting to believe you. Do you know any good books etc on this topic? Reminiscences of a Stock Operator definitely helped me. You could also read the shorter "How to trade in Stocks" where Livermore puts forward his actual method explained at the end. Right now I'm reading Fooled by Randomness. Goomboo has a nice reading list. If it doesn't have to be a book, I like http://www.babypips.com/school for learning technical analysis. |
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seleme
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Duelbits.com
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February 07, 2014, 12:11:12 PM |
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Reminiscences of a Stock Operator Great book. The best thing I've learned from it is to not give a fuck if I think I'm right. |
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oda.krell
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February 07, 2014, 12:14:04 PM |
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Currently reading Kirkpatrick/Dahlquist's 'Technical Analysis'. Don't have much to compare it against, but I like the solid, methodological style, similar to the textbooks I'm used to.
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Not sure which Bitcoin wallet you should use? Get Electrum!Electrum is an open-source lightweight client: fast, user friendly, and 100% secure. Download the source or executables for Windows/OSX/Linux/Android from, and only from, the official Electrum homepage.
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N12
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February 07, 2014, 12:22:35 PM |
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As for Bitcoin technical analysis: Does anyone have an argument (charting, please) as for why 650 (gox)/619 (stamp) could not have probably been the next higher low after 455 forming a triangle (or a C triangle wave for EWers)?
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Dragonkiller
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February 07, 2014, 12:33:15 PM |
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Time to buy (short term) Indeed time to begin, but probably not only short term for me. So, "good news" guys, how do you explain all of this despite the "good news"? Learn to realize it, markets are made up of people and people make up their decisions according to their emotions which in turn is the lense for EVERYTHING external! I'm starting to believe you. Do you know any good books etc on this topic? Reminiscences of a Stock Operator definitely helped me. You could also read the shorter "How to trade in Stocks" where Livermore puts forward his actual method explained at the end. Right now I'm reading Fooled by Randomness. Goomboo has a nice reading list. If it doesn't have to be a book, I like http://www.babypips.com/school for learning technical analysis. thanks edit: there was a post on here not long ago (i think it was on this thread) with a link to bitcoin elliot wave analysis done by a respected german gold trader (or something like that?) Does anyone have a link or know what his name is so I can look it up? |
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masterluc (OP)
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February 07, 2014, 02:21:06 PM |
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As for Bitcoin technical analysis: Does anyone have an argument (charting, please) as for why 650 (gox)/619 (stamp) could not have probably been the next higher low after 455 forming a triangle (or a C triangle wave for EWers)?
This?  Maybe. But I don't like these deviations starting to expand along with price going down on rising volume.  And also bounced macd + crossed down zero line  |
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kwest
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February 07, 2014, 02:29:31 PM |
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I tend to agree.. if volume remains low while going up, and high while going down - logic would dictate that there are more people wanting to sell than buy. And down we go.
Looking at google trends, there can't be that much new money coming in.. and that's a problem. If I'm not mistaken, the big rallies have often, if not always, corresponded with a rise in the google searches. We've been declining for some time now.
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oda.krell
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February 07, 2014, 02:38:25 PM |
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I tend to agree.. if volume remains low while going up, and high while going down - logic would dictate that there are more people wanting to sell than buy. And down we go.
Looking at google trends, there can't be that much new money coming in.. and that's a problem. If I'm not mistaken, the big rallies have often, if not always, corresponded with a rise in the google searches. We've been declining for some time now.
Google trends is, as has been repeated ad nauseam, a lagging indicator. And nobody (I hope ) is assuming we're in a rally right now. Google trends will pick up once the consolidation/bear market is over. And that question can't be settled by looking at Google trends IMO. |
Not sure which Bitcoin wallet you should use? Get Electrum!Electrum is an open-source lightweight client: fast, user friendly, and 100% secure. Download the source or executables for Windows/OSX/Linux/Android from, and only from, the official Electrum homepage.
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BrightAnarchist
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February 07, 2014, 02:57:30 PM |
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BrightAnarchist
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February 07, 2014, 03:10:18 PM |
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Reading the comments, highest voted comments still think it's a scam/pyramid scheme etc. Good, I still have time to stack more coins Yeah very few of the general population grok bitcoin |
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Zarathustra
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February 07, 2014, 08:07:15 PM |
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pinky
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February 07, 2014, 08:58:54 PM |
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True, if you call "smart" money people who trust their holdings to others and pay hefty fees for this. |
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Fernandez
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February 08, 2014, 07:35:14 AM |
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Reading the comments, highest voted comments still think it's a scam/pyramid scheme etc. Good, I still have time to stack more coins When I try explaining Bitcoin to my friends, the first impression is always its a scam/pyramid scheme. I keep telling them not to come back crying in 10 years. Regarding this thread, whats the common thinking? Going up or down? |
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