I give up

[MatTheCat]

My TA recently has been good. True, I came out my $460 long position a little early ($520) but had I been awake, I would have come back in at $540 as per the signals on my chart. Since I was in my bed during the last China ramp I am now in a quandary whether to take a long or not. I have already gotten back in at $565, but since then a bit of a bearish descending triangle has formed and I have came back out at $572.....

......am keeping my eye on the action. Unlike the Hodlers, I would prefer to avoid negative equity if I can.

Why did you wait so long to get back in?  Do you place no stock in methods like Goomboo's 10/21 EMA momentum buying?  It sent clear signals to buy at ~470, granted it jumped even higher so quickly.

I am not saying one should only trade momentum and ignore TA, but why ignore momentum completely?

I got in at $460, but came out again at $520. Show me a link to this 'Goomboo's 10/21 EMA momentum buying'.

[1714931512]

1714931512

[1714931512]

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[MOB]

You must have seen this thread.  I have been stopping in on it literally for years: https://bitcointalk.org/index.php?topic=60501.560

Ah, yea 520 was a pretty early exit. ;(

Not trying to egg you on, just curious.  I normally consider your TA posts seriously and almost withdrew my fiat around when you were considering it.

[Ibistru]

Waiting for all the people that 'got back' and 'made a profit' to come back at 585$. Following the good old rule 'sell low, buy high'.

[bitsmichel]

Waiting for all the people that 'got back' and 'made a profit' to come back at 585$. Following the good old rule 'sell low, buy high'.

This rule 'sell low, buy high' is how most people trade. If btc would rise to $10.000 the poster would really be scratching his head..

[freebit13]

You should have read this back in March: http://bitcoinowl.com/hodl

[piramida]

If you guys turn out to be right, then believe me, it will be through pure chance. If I am right, it will be because I know I am right beforehand to the best of my abilities.

So the best they can do is being fortuitously right while you'll always be, at worst, intelligently wrong. Bravo. Schopenhauer would be proud.

May I suggest some light reading for you, Mat? 



 

What if - and I'm stretching here - the universe is not actually Mat-centric? What if he is just another tiny hole in the gravitational field? I know it sounds ridiculous, but what if somebody else is also right? Mat, please entertain such possibility.

[bananaControl]

This is just fucking sad in all possible ways. The OP trusted in someone who forgot to tell the whole truth, and now hordes of internet investment specialists all makes fun of her. Makes me sick to be honest.

[segeln]

If you guys turn out to be right, then believe me, it will be through pure chance. If I am right, it will be because I know I am right beforehand to the best of my abilities.

So the best they can do is being fortuitously right while you'll always be, at worst, intelligently wrong. Bravo. Schopenhauer would be proud.

May I suggest some light reading for you, Mat? 



 

are you sure this will be a light reading for Mat ?

[T.Stuart]

are you sure this will be a light reading for Mat ?
[/quote]

This will be a breeze for Mat. Whatever you may think of him he clearly does make an effort to learn some of the technical analysis stuff so a bit of philosophy will be a walk in the park. And in my view he does have a nihilistic streak! 

[kireinaha]

This is just fucking sad in all possible ways. The OP trusted in someone who forgot to tell the whole truth, and now hordes of internet investment specialists all makes fun of her. Makes me sick to be honest.

give me a break. she trusted another person blindly about a "guaranteed investment" and sold at the bottom when it didn't immediately pan out. if you look back, many of these so called "specialists" had warned her that we would likely go back up again, and they were right. but she's apparently gone now and didn't heed any of the advice.

anyone who has been an active part of the bitcoin world for more than a few weeks recognizes these patterns of bull trends and bear trends, and hence hold through the dark times. if a person isn't willing to do any research into an investment before they drop significant money in, and isn't patient enough to wait out a bear trend for a few months, then I honestly don't feel very sorry for him/her. this isn't supposed to be a cake walk.

[MatTheCat]

This is just fucking sad in all possible ways. The OP trusted in someone who forgot to tell the whole truth, and now hordes of internet investment specialists all makes fun of her. Makes me sick to be honest.

It is worse than that.

It is the very same types of people who would have extolled her to buy and hold Bitcoin at $1000, who are now poking fun at her.

[blatchcorn]

This is just fucking sad in all possible ways. The OP trusted in someone who forgot to tell the whole truth, and now hordes of internet investment specialists all makes fun of her. Makes me sick to be honest.

It is worse than that.

It is the very same types of people who would have extolled her to buy and hold Bitcoin at $1000, who are now poking fun at her.

I am waiting for Veronica to buy back in as an indicator to sell.

[spazzdla]

Let's not rip on fellow BTCtalkers please!

[gentlemand]

Let's not rip on fellow BTCtalkers please!

Does anything else actually happen here other than that?

[nickenburg]

It's just a shame she gave up at the wrong moment, if she wouldve waited just a little longer 
But it's just hard to know if it goes down any more, what if she wouldve sold at the right time and the graph went down more?
Now she sold at the wrong time because it went up, but bitcoin is so volotile that it's really hard to know unless you have some knowledge about graph's

[segeln]

This will be a breeze for Mat. Whatever you may think of him he clearly does make an effort to learn some of the technical analysis stuff so a bit of philosophy will be a walk in the park. And in my view he does have a nihilistic streak! 

but you know,to get an expert on TA you Need experience,experience and again experience.
It takes IMHO about 3 years to get this experience, no crash course is possible.
I see a lot of TA posts here done by noobs.
I personally do not make any TA but I can read TA and evaluate the noobs here

[spazzdla]

Let's not rip on fellow BTCtalkers please!

Does anything else actually happen here other than that?

I've only had a few people rip on me... *shrugs*

This is a billion times kinder than LoL or Wow forums.

[T.Stuart]

This will be a breeze for Mat. Whatever you may think of him he clearly does make an effort to learn some of the technical analysis stuff so a bit of philosophy will be a walk in the park. And in my view he does have a nihilistic streak! 

but you know,to get an expert on TA you Need experience,experience and again experience.
It takes IMHO about 3 years to get this experience, no crash course is possible.
I see a lot of TA posts here done by noobs.
I personally do not make any TA but I can read TA and evaluate the noobs here

I do think Mat can be too bearish and cynical - if Bitcoin does continue to evolve healthily then I would certainly say that this cynicism got in the way of his understanding and trusting the long-term fundamentals - but I recognise that he has put more effort into learning TA while on these forums and while thinking about Bitcoin than me and quite a few others.

[YipYip]

This is just fucking sad in all possible ways. The OP trusted in someone who forgot to tell the whole truth, and now hordes of internet investment specialists all makes fun of her. Makes me sick to be honest.

It is worse than that.

It is the very same types of people who would have extolled her to buy and hold Bitcoin at $1000, who are now poking fun at her.

I am waiting for Veronica to buy back in as an indicator to sell.

Its not as sad as u think ...i.e when PURE RETAIL wants to get into a market you know you are entering a heavily overbought market

The Veronica TM $199.95 for TradeStation & MT 4

[bitebits]

I think we have to conclude that Veronica has an excellent sense for highs and lows. Wish I had that skill.

I sincerely believe we can learn a lot from the Veronica's!