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Author Topic: zero hour for the downtrend  (Read 2344 times)
jojo69
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January 20, 2012, 06:46:35 AM
 #1



make or break nightowls...what will it be?

This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
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jojo69
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January 20, 2012, 06:56:53 AM
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and action



This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
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January 20, 2012, 07:02:52 AM
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Whoever just cleared the last of my old sells at $6.50 has my gratitude.  Of course, if it hits $7 before it hits $6 from here, I'll wish I hadn't said anything publicly.

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January 20, 2012, 07:02:59 AM
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wow
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January 20, 2012, 07:10:08 AM
 #5

good morning Europe! have a nice rally!  Grin   6.53
jojo69
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January 20, 2012, 07:13:21 AM
 #6

last call for bullville and points upward, this is the last call

woooooowoooooooooooooo

This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
jojo69
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January 20, 2012, 07:40:34 AM
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and 07:38 a 5K bidwall comes in at 6.5

This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
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January 20, 2012, 07:59:41 AM
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Whoever just cleared the last of my old sells at $6.50 has my gratitude.  Of course, if it hits $7 before it hits $6 from here, I'll wish I hadn't said anything publicly.

I also made a bad sell on 6.5 but not too bad.  I think the time is ripe for another major sell.

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jojo69
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January 20, 2012, 08:01:01 AM
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maybe so, right on the hour the 5K wall dropped away

This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
Andrew Bitcoiner
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January 20, 2012, 08:02:18 AM
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Wow, someone sold 288btc and that 5k wall disappeared, probably another fake bitcoinica position.

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January 20, 2012, 08:15:09 AM
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i love how people say 'fake walls' like they never adjust their own positions depending on market movements.
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January 20, 2012, 08:54:23 AM
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Wow, someone sold 288btc and that 5k wall disappeared, probably another fake bitcoinica position.

There's a big red bar around 5k large showing in clarkmoody, at around 8.00, so my guess is it was sold into.
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January 20, 2012, 12:40:34 PM
 #13

Whoever just cleared the last of my old sells at $6.50 has my gratitude.  Of course, if it hits $7 before it hits $6 from here, I'll wish I hadn't said anything publicly.

Kudos for patience. I sold another batch too low, frankly I didn't believe they would rally this high, especially not right away.



@Thread:
Are trends some kind of new religion? Why should the trading price over time be aligned to straight lines, and even if they are at times, why should it have some special meaning?
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January 20, 2012, 02:58:56 PM
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@Thread:
Are trends some kind of new religion? Why should the trading price over time be aligned to straight lines, and even if they are at times, why should it have some special meaning?

if everyone believes in them they become self-fulfilling prophecies,  of course market adjusts and takes turns when confidence on a direction is overwhelmed.
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January 20, 2012, 03:05:26 PM
 #15

Trend lines are drawn to reinforce the trend drawers opinion... plain and simple..

I could draw a million different trend lines for any opinion...

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January 20, 2012, 03:23:22 PM
 #16

Whoever just cleared the last of my old sells at $6.50 has my gratitude.  Of course, if it hits $7 before it hits $6 from here, I'll wish I hadn't said anything publicly.

Kudos for patience. I sold another batch too low, frankly I didn't believe they would rally this high, especially not right away.



@Thread:
Are trends some kind of new religion? Why should the trading price over time be aligned to straight lines, and even if they are at times, why should it have some special meaning?

Much of it is self-fulfilling - but I think there is a grain of objective phenomena in them - if you want to buy and you see the price climbing you try to adjust your offer and people do that adjustment as if the price was moving linearly.
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January 20, 2012, 03:24:57 PM
 #17

Trend lines are drawing to reinforce the trend drawers opinion... plain and simple..

I could draw a million different trend lines for any opinion...

It's how often the predictions are correct is what counts.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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Let's talk governance, lipstick, and pigs.


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January 20, 2012, 04:15:46 PM
 #18

Trends, walls, triangles... You might as well put your faith in Bob!
+1

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
StewartJ
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January 20, 2012, 04:17:24 PM
 #19

Whoever just cleared the last of my old sells at $6.50 has my gratitude.  Of course, if it hits $7 before it hits $6 from here, I'll wish I hadn't said anything publicly.

Kudos for patience. I sold another batch too low, frankly I didn't believe they would rally this high, especially not right away.



@Thread:
Are trends some kind of new religion? Why should the trading price over time be aligned to straight lines, and even if they are at times, why should it have some special meaning?

Support and Resistance.
Vandroiy
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January 20, 2012, 04:33:14 PM
 #20

Support and Resistance.

The trend lines I see drawn here are too extreme to be a level of some stable market equilibrium. It would be psychological reverse-engineering at best.

But this is a double-edged sword. It will skew the probability distribution of short-term price, which may give a better-than-50% chance to guess right, but much more punishment if one guesses wrong. Kind of like the margin trading of predictions. Gets especially interesting when used in margin trading for maximum short-time profits but heavy risk.


Have you ever done a Bayesian analysis of the probability for breaking a trend? I assure you, it is not uniform along the trend. And a straight line does not inform you of that probability... It's just a 'totem'.

It's skew. Third moment, no? Expectation value is current equilibrium price (first moment), variance is related to volatility (second moment) and skew is related to an ongoing trend (third moment). You can disassemble a situation into these three (and the higher ones if you feel like being cool).

With that, trends would be allowed to exist without allowing to profit off them in average, apart from risk analysis à la Kelly Criterion.
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