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Author Topic: The only way to identify the BOTTOM.  (Read 358 times)
cocoadreamboy (OP)
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March 16, 2020, 12:41:48 PM
 #1

I have put a lot of research and work into this. Here is an analysis of the last crash (November 2018):

https://www.amsinger.org/howitworks

Comments appreciated!

Aaron

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fabiorem
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March 16, 2020, 12:49:29 PM
Merited by milewilda (1)
 #2

There is no bottom.

The bottom is zero.

Also, no buy liquidity. Why buy if the price will eventually reach zero?
Nobody will want to buy. There will be nobody to sell later.

The hodler church will joke this is one of those "deaths" told by mainstream media.
But this time is different. Its going to zero and the source are the derivatives from bitmex.
Of course, you can lie to yourself and think its the coronavirus, if that made you feel safe.

No TA works when manipulation is allowed by the exchanges.
No analysis will hold when there is freedom for thieves.
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March 16, 2020, 01:12:45 PM
 #3

I agree to this line though written on the site given;

"Crypto is the only investment I have made that has increased in such a short time."

but come to think that this is the fastest way to burn up money too. lol

Identifying the bottom? This is the hardest part on any market not only on crypto but also in forex and stocks.
If all traders or investors do able to point out what bottom price is, then theres no such thing called "speculation".

cocoadreamboy (OP)
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March 16, 2020, 01:25:50 PM
 #4

I agree to this line though written on the site given;

"Crypto is the only investment I have made that has increased in such a short time."

but come to think that this is the fastest way to burn up money too. lol

Identifying the bottom? This is the hardest part on any market not only on crypto but also in forex and stocks.
If all traders or investors do able to point out what bottom price is, then theres no such thing called "speculation".


Which is why financials are important.

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March 16, 2020, 03:46:48 PM
Merited by The Sceptical Chymist (2)
 #5

Quote
There is no other asset that can multiply and provide 2.58 multiplication on such a short timeframe. The Fundamental Crypto Report is designed to guide you to make the correct decisions in crypto. Crypto is a new and emerging asset class, knowing what the insiders are paying is the key to effectively profiting.

In short, buy low sell high.
That is just how it is even from inception.

People trade because of this too. Just find a clue into knowing when the price is enough to sold out or is it the right cheap price to buy.
Then everything could go pretty well.
But greed comes in. You saw a price fluctuation which goes up like it was going to the moon and people are hyping it.
So, you won't sell. Worse case scenario is you will buy more which may become the foolish decision of your life.
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March 16, 2020, 05:23:41 PM
 #6

I don't get it why Bitmex is spreading negativity about Bitcoin! People are saying in telegram groups that Bitcoin gonna hit zero, and Bitmex is helping them to spread negativity! Another dishonest exchange found? Or they are out of mind because of the recent dump? I am being fed up with such Fud!


I found this about Bitmex:
https://www.forexbrokerz.com/brokers/bitmex-review

These derivatives could be used to pump the price of bitcoin, but they are never used with this intention, its always for evil purposes. Every time a asset get a derivative it tanks, and in some years its value and importance are lost. It happened with gold and silver, which used to be safe havens against financial crisis.
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March 16, 2020, 05:30:49 PM
 #7

The best way to improve accuracy is via contrast or in maths terms a ratio of prices.    In the housing boom, a telling sign was the rental to house price ratio and it was far more reasonable to rent at that point in terms of life costs hence the market went this direction.    Now we can consider the monetary base vs GDP or other measures, perhaps a price measure vs gold and so on.    The bottom price will likely show up in multiple markets and BTC is part of the wider global trade scenario and outlook.

Heres a good chart and link to a trader to read up on:


https://twitter.com/NicTrades

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March 16, 2020, 08:07:43 PM
 #8

Did you just create a clickbaity thread title just to lure people in your website? Because the "how it works" article you just created shows nothing about identifying the "bottom" of Bitcoin, it merely talks about a generic definition of what a margin of safety is and to top it all you just created fake trades where you are winning without showing any kind of proof that you did in fact profit from that trade.

These financials allow you to measure your risk in crypto. It is applicable to new and experienced traders.

If you hold crypto at a price near the creation cost, your asset is LOW RISK.

If you hold crypto when the price is high above the creation cost, your asset is HIGH RISK.

^This is the text that comes after the headline and it shows nothing about identifying the bottom, it is just lowkey way of promoting the subscription service you are trying to say in the body of your article.
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March 16, 2020, 09:22:14 PM
 #9

Did you just create a clickbaity thread title just to lure people in your website?

Not the first time either. We all know cocoadreamboy and his antics pretty well by now. Cheesy
https://bitcointalk.org/index.php?topic=5177729.msg52228169#msg52228169
https://bitcointalk.org/index.php?topic=5155893.msg51517648#msg51517648

I found this about Bitmex:
https://www.forexbrokerz.com/brokers/bitmex-review

These derivatives could be used to pump the price of bitcoin, but they are never used with this intention, its always for evil purposes.

You don't think those Bitmex-driven spot exchange algos work in both directions? Of course they do. When traders are heavily short, they take it upwards instead.

STT
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March 16, 2020, 09:30:04 PM
Last edit: March 16, 2020, 09:42:01 PM by STT
 #10

I stay on the forum 99% of the time, you really have to sell me more then this for me to want to go elsewhere.   I already have a million things I should be reading and from people and sources Ive followed and respected over a decade.
     The point itself is fair enough, it is really hard to know the bottom pricing.   It can seem a bargain and yet we fall 20% further from there, people on leverage have to be so careful now imo.    Reduce size is good advice I've heard, larger moves dont need so much when involved.   The other saying I remember from someone trading since the early 90's is the bottom of a market is a process not an event, its a series of signals like the theme to a song and I guess the best traders know the tunes better then most.   This I do try to learn.

Quote
No TA works when manipulation is allowed by the exchanges.

Patterns get disrupted, we lose the trend seen and relied upon; so long as markets are free to trade then the pricing should follow a natural process.   TA is applicable to identify a pattern of lows or highs, I think simplicity is important to some conclusions and nobody should be saying for certain they know.

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March 16, 2020, 09:39:18 PM
 #11

Did you just create a clickbaity thread title just to lure people in your website?

Not the first time either. We all know cocoadreamboy and his antics pretty well by now. Cheesy
https://bitcointalk.org/index.php?topic=5177729.msg52228169#msg52228169
https://bitcointalk.org/index.php?topic=5155893.msg51517648#msg51517648

So if he is doing this several times already then why is he getting away with this several times already? He is technically advertising his websites illegally and even though he created his own thread it doesn't count as informative nor helpful but rather deceiving in the hopes of the OP to get financial gain. I'll be really ok with what he is doing if he is really interested in his topics and don't mislead his readers but he barely replies in his topics and barely gets involved in them showing that what he really wants is just the exposure for his links. @OP you should really try to change your activity here in the forum if you don't want to violate any rule here.
cocoadreamboy (OP)
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March 17, 2020, 12:21:27 AM
 #12

Quote
There is no other asset that can multiply and provide 2.58 multiplication on such a short timeframe. The Fundamental Crypto Report is designed to guide you to make the correct decisions in crypto. Crypto is a new and emerging asset class, knowing what the insiders are paying is the key to effectively profiting.

In short, buy low sell high.
That is just how it is even from inception.

People trade because of this too. Just find a clue into knowing when the price is enough to sold out or is it the right cheap price to buy.
Then everything could go pretty well.
But greed comes in. You saw a price fluctuation which goes up like it was going to the moon and people are hyping it.
So, you won't sell. Worse case scenario is you will buy more which may become the foolish decision of your life.

The beauty about the numbers is they aren't greedy. They tell you when its high even when you don't think it is. ALWAYS trade on real numbers, or risk losing hard and not being prepared to take advantage.

This is something you only have to learn once.

Aaron

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cocoadreamboy (OP)
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March 17, 2020, 03:34:12 PM
 #13

It is important to understand what exactly you may or may not invest in.

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March 17, 2020, 04:52:11 PM
 #14

Blatant external promotion of his site..  REPORTED

┌∩┐(◕_◕) ┌∩┐ Not your keys, not your coins. Binance (and any other CEX) can fuck off ┌∩┐(◕_◕) ┌∩┐
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March 17, 2020, 05:15:58 PM
 #15

There is no bottom.

The bottom is zero.

Also, no buy liquidity. Why buy if the price will eventually reach zero?
Nobody will want to buy. There will be nobody to sell later.

The hodler church will joke this is one of those "deaths" told by mainstream media.
But this time is different. Its going to zero and the source are the derivatives from bitmex.
Of course, you can lie to yourself and think its the coronavirus, if that made you feel safe.

No TA works when manipulation is allowed by the exchanges.
No analysis will hold when there is freedom for thieves.

I missed these kind of posts since the mtgox crash and death of bitcoin (RIP). BULLISH!
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March 17, 2020, 06:05:25 PM
 #16

People trade because of this too. Just find a clue into knowing when the price is enough to sold out or is it the right cheap price to buy.
Then everything could go pretty well.
But greed comes in. You saw a price fluctuation which goes up like it was going to the moon and people are hyping it.
So, you won't sell. Worse case scenario is you will buy more which may become the foolish decision of your life.

How can you say buying more bitcoins at a higher price is foolish? I consider buying bitcoin as bargain whatever the price is. I am into Bitcoin since last 5 years and noticed one thing that after every long upward trend, downtrend always follows and after each downtrend, bitcoin recovers its value with time. This cycle is repeating since the day bitcoin trading started. Only exception to this case is humongous rally of December 2017. But I think we will soon see $19K again and once it happens, no one will be foolish anymore according to your definition. Let's not forget HODL.
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March 17, 2020, 10:28:04 PM
 #17

I agree to this line though written on the site given;

"Crypto is the only investment I have made that has increased in such a short time."

but come to think that this is the fastest way to burn up money too. lol
Bitcoin is high risk, high reward investment but unlike the other financial instruments when it plunges, our thinking is it will recover so fast.
Identifying the bottom? This is the hardest part on any market not only on crypto but also in forex and stocks.
If all traders or investors do able to point out what bottom price is, then theres no such thing called "speculation".
We call numbers the bottom base on our thoughts but identifying it depending on TA or any other strategies varies to the traders opinion.

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March 17, 2020, 10:35:36 PM
 #18

I won't say that your article helped me learn a lot about catching the bottoms for BTC (or may even help out in doing so), but yeah, the logic you have used in displaying those figures and how to determine the buy phase of a crypto is meritorious. I have bookmarked the link and will definitely watch out for more such articles to learn something different and take important points from this one as well. Thanks for the content, mate. Smiley

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March 18, 2020, 04:30:26 AM
 #19

There is no way to identify a bottom that easily, trust me I traded back in 2008 and I was 100% sure the bottom happened on July 2008 and Nov 2008. Go and look at the charts and it actually looks like those would of been good bottoms however both failed. It ended up breaking the Nov 2008 low and basically later in March 2009 at like 666 the SPY finally found a bottom, there is no way you could of predicted that.

You would of just been better buying after it started to make higher highs and higher lows, even though price moved fast and you would get a low fill on many of the stocks. However its better than knife catching and putting your account through huge draw-downs.

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YuginKadoya
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March 18, 2020, 05:21:57 PM
 #20

There is no conclusion to identifying the bottom as of today's price mark, the given problem in this pandemic problem that we have right now is the cause of a sudden downfall, and I think all affected countries are in lockdown right now if this continues or gets worst the price of Bitcoin might be affected as well, I am saying and including the cause of any economic downfall is because of the virus the COVID-19 and because it is the real deal, No other explanation why many are having a hard time in identifying the Bottom, But I wish it will just stay in the $5000 USD for now and not sunk even further down.
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