It's stupid. But you might win the bet. $525 is the resistance point we need to clear before we are out of trouble.
There are no "resistance" or "support" lines.
Only morons on message boards citing arbitrary numbers as such.
Topic: .. - page 2. (Read 4950 times)
It's stupid. But you might win the bet. $525 is the resistance point we need to clear before we are out of trouble.
There are no "resistance" or "support" lines.
Only morons on message boards citing arbitrary numbers as such.
There's some great news coming, look at the bitcoin discussion forum: "EBay Payments Unit in Talks to Accept Bitcoin".
It's not eBay directly...it's BrainTree, a subsidiary.
It's definitely a start though.
Nice, I missed this news.
If it will be confirmed maybe it can stop the downtrend, or at least limit it a little.
The news might slow the downtrend but not completely negate the fundamental weakness from TA.
It's stupid. But you might win the bet. $525 is the resistance point we need to clear before we are out of trouble.
There are no "resistance" or "support" lines.
Only morons on message boards citing arbitrary numbers as such.
That's absurd. S/R is just where traders got in/out of position. So when the price trends, pivots and moving averages tend to act as support/resistance since this is where traders out of position need to buy/sell to break even.
If the price topped ~680s, you think there's no one waiting to get out at that level? After bagholding? THAT is called "resistance."
And is usually calculated within a couple dollars by bots. That why you use the S/R points. You wouldn't bother if everyone was trading by hand... but they aren't.
Yeah is is basis in daily trading.. if you are buying in the middle of a rally and then the price stagnates in some level when there are many sell orders and after a period of time it can pass that zone, that would be the resistance and the price will go backwards for if it cant go broken.
There's some great news coming, look at the bitcoin discussion forum: "EBay Payments Unit in Talks to Accept Bitcoin".
It's not eBay directly...it's BrainTree, a subsidiary.
It's definitely a start though.
Nice, I missed this news.
If it will be confirmed maybe it can stop the downtrend, or at least limit it a little.
It's stupid. But you might win the bet. $525 is the resistance point we need to clear before we are out of trouble.
There are no "resistance" or "support" lines.
Only morons on message boards citing arbitrary numbers as such.
That's absurd. S/R is just where traders got in/out of position. So when the price trends, pivots and moving averages tend to act as support/resistance since this is where traders out of position need to buy/sell to break even.
If the price topped ~680s, you think there's no one waiting to get out at that level? After bagholding? THAT is called "resistance."
And is usually calculated within a couple dollars by bots. That why you use the S/R points. You wouldn't bother if everyone was trading by hand... but they aren't.
It's stupid. But you might win the bet. $525 is the resistance point we need to clear before we are out of trouble.
There are no "resistance" or "support" lines.
Only morons on message boards citing arbitrary numbers as such.
That's absurd. S/R is just where traders got in/out of position. So when the price trends, pivots and moving averages tend to act as support/resistance since this is where traders out of position need to buy/sell to break even.
If the price topped ~680s, you think there's no one waiting to get out at that level? After bagholding? THAT is called "resistance."
It's stupid. But you might win the bet. $525 is the resistance point we need to clear before we are out of trouble.
There are no "resistance" or "support" lines.
Only morons on message boards citing arbitrary numbers as such.
Operation dumbo drop... where were we yesterday when the cascade began? $525... where did we destabilize? $495. We have to cross one of those lines and then either big pump or big dump. Next resistance point after that is $473. Is this too complicated for you? Obviously you don't understand fib lines or why the dump yesterday stopped where it did.
It is like you enjoy losing money or something. Why in God's green earth would anybody take any advice from somebody who so obviously doesn't understand trading or mathematics.
P.S. -- A lot of technical analysis is hogwash, but during big price fluctuations it is utterly critical because this is what the bots are operating off of.
Go on, call me stupid.
Nope
I will say congrats on your purchase and any point above this price is gravy any point below
HODL for a while I guess as their is a reasonable chance that your near the price low if not at it.
Where it will stabilize after may not be too high above that in the short term but if it goes back to the old price that's not a bad difference.
Go on, call me stupid.
I won't. Let's say worse case scenario it drops to $470 (another $30). You'd be out, what, $180 total on your investment? BFD.
And if it rallies you're in the black.
I'm not calling anyone stupid. But what if it doesn't stop at $470? What if we decline significantly below, and stabilize far below? How is $470 the worst case scenario?
It's stupid. But you might win the bet. $525 is the resistance point we need to clear before we are out of trouble. Until then, we are to prone to cascades (watch $495 on Bitfinex). I am definitely not making the mistake of trying to guess the bottom, again. Waiting for technical confirmation even if that cuts into the earnings a bit.
Also, keep in mind, Ethereum dumped 1300 BTCs on the 10th and the 12th... this being the 14th/15th we are due for another dump from them. Also, retailers tend to sell on Friday at the close of the week. The countervailing force against that is that the price is cheap compared to a week ago and tomorrow is also payday.
In short, we are in 50/50 land still. If you wait for technical confirmation, you make $23/coin less... but we know that is a pittance compared to the eventual rally. It is for those reasons that I say... stupid. And also I just don't like you because you are a racist a--hole.
Go on, call me stupid.
I won't. Let's say worse case scenario it drops to $470 (another $30). You'd be out, what, $180 total on your investment? BFD.
And if it rallies you're in the black.
I'm not calling anyone stupid. But what if it doesn't stop at $470? What if we decline significantly below, and stabilize far below? How is $470 the worst case scenario?
You aren't. This is the logic I've been using to justify buying in. If Bitcoin becomes worthless I'll lose far less than I could potentially win.
Here's my conservative expected value assumption:
10% chance of $0.
15% chance of $250-400 (avg $325)
25% chance of $400-700 (avg $550)
25% chance of $700-2000 (avg $1350)
25% chance of $2000-5000 (avg $3500) or higher.
0 * .10 + .15*325 + .25*550 + .25*1350 + .25*3500 = Expected value $1,398.75.
Current price = $535
Discount = $863.75 or 62%.
Here's my conservative expected value assumption:
10% chance of $0.
15% chance of $250-400 (avg $325)
25% chance of $400-700 (avg $550)
25% chance of $700-2000 (avg $1350)
25% chance of $2000-5000 (avg $3500) or higher.
0 * .10 + .15*325 + .25*550 + .25*1350 + .25*3500 = Expected value $1,398.75.
Current price = $535
Discount = $863.75 or 62%.
Good logic, but completely arbritrary numbers
They are arbitrary, but it's all about being honest about my expectations. Do I think there's more than a 10% chance of Bitcoin failing within a year or so? No. Do I think there's more than a 25% chance of prices being below $400 long term? No. So if you assess what you really believe and try to choose some conservative numbers based on that, it can help guide your decisions. For example, as of right now, if the price suddenly rocketed above $863 without much actually changing, I might want to consider buying less or even selling. But seeing prices so low compared to my expected value makes me think I'm justified in buying in.
Go on, call me stupid.
I 'll call you stupid only if you panic-sell at $400.
You aren't. This is the logic I've been using to justify buying in. If Bitcoin becomes worthless I'll lose far less than I could potentially win.
Here's my conservative expected value assumption:
10% chance of $0.
15% chance of $250-400 (avg $325)
25% chance of $400-700 (avg $550)
25% chance of $700-2000 (avg $1350)
25% chance of $2000-5000 (avg $3500) or higher.
0 * .10 + .15*325 + .25*550 + .25*1350 + .25*3500 = Expected value $1,398.75.
Current price = $535
Discount = $863.75 or 62%.
Here's my conservative expected value assumption:
10% chance of $0.
15% chance of $250-400 (avg $325)
25% chance of $400-700 (avg $550)
25% chance of $700-2000 (avg $1350)
25% chance of $2000-5000 (avg $3500) or higher.
0 * .10 + .15*325 + .25*550 + .25*1350 + .25*3500 = Expected value $1,398.75.
Current price = $535
Discount = $863.75 or 62%.
Good logic, but completely arbritrary numbers
You aren't. This is the logic I've been using to justify buying in. If Bitcoin becomes worthless I'll lose far less than I could potentially win.
Here's my conservative expected value assumption:
10% chance of $0.
15% chance of $250-400 (avg $325)
25% chance of $400-700 (avg $550)
25% chance of $700-2000 (avg $1350)
25% chance of $2000-5000 (avg $3500) or higher.
0 * .10 + .15*325 + .25*550 + .25*1350 + .25*3500 = Expected value $1,398.75.
Current price = $535
Discount = $863.75 or 62%.
Here's my conservative expected value assumption:
10% chance of $0.
15% chance of $250-400 (avg $325)
25% chance of $400-700 (avg $550)
25% chance of $700-2000 (avg $1350)
25% chance of $2000-5000 (avg $3500) or higher.
0 * .10 + .15*325 + .25*550 + .25*1350 + .25*3500 = Expected value $1,398.75.
Current price = $535
Discount = $863.75 or 62%.
Jump to: