Topic: Another Bitcoin Analyst (Read 5888 times)

Will start updating this thread again...

SP 500

Broke Out Of The Pennant, Touching Support At 200/day EMA

Support At 1800 (futures)

80% long since June 6th... yeah? How's that working out?

 

80%?!

80% of your capital is risky as hell!

You're crazy!

 

Nah I get it. Shit, I've been 100% in bitcoin before... and I would be 100% right now if all these market indicators weren't pointing me the other way.

The fundamentals are amazing right now with Dish, ebay (paypal), etc...

I love Bitcoin, wouldn't be here if i didn't. I just think it will take more time than the past price cycles we've seen before new ATH's again.

I HODL the major portion and play with a small part. That part has gone up several times, so even if end up stuck one side or another, though I quickly cut my loss if I can see its definitely moving one way, I have made a good gain.

80% long

The May 19th post was about Bitcoin, not the S&P, and it didn't call a top -- it also wasn't serious analysis. That whole thread was a joke.

And your May 26th link references this exact thread, which again didn't call a top. I did say the SP500 top was coming soon, though.

You should go a bit further back in my history and discover the wealth of good calls (most of my history is on my blog or twitter), but let's just do this to make your day easier: consider this my shot. If I'm wrong, I won't post on this thread again.

Oh, and please reply with your call so I can belittle it too.

 

I too see a massive problem coming for regular stocks, more based on the fact that the fundamental structure of the market is a powder keg of fail set to explode:

High Frequency Trading: Machines dictate 70% of all stock trades, which happen millions of times every second. Algorithms actively screw with the market and other algorithms, now interacting in ways that are now unpredictable and not understood, case in point, the flash crash of 2010-

https://www.youtube.com/watch?v=E1xqSZy9_4I - it is still debated to this day why this happened.

These computer trading systems only came into wide use after the last big market crash in 2007/8, which makes it now more perilous than ever as human beings are no longer in control.

Imagine what happens if this same kind of freak occurrence suddenly causes trillions of dollars to vanish in seconds on a wide scale? It sounds insane, because it is, but in theory we could see the entire monetary system could collapse in minutes as the house of cards falls flat due to algorithms going full herd mode downward. If it causes the derivatives market to collapse, which it would most likely in a chain reaction, there is literally not enough money on this planet to bail it out. If that much money was simply created to fill the void like the US did with the bank bailouts of 2008, the Dollar would be rendered into toilet paper. Every market, every currency, in every industrialized country, would fail simultaneously. Every bank and government on the planet would go instantly bankrupt. It would be the mother of all bubble bursts.

Add to this the Federal Reserve's continuous money creation that is just feeding the S&P mega-bubble, we have a serious problem coming up soon, which very well could be later this summer. Something has to give.

From this I do wonder, when traders start seeing their entire stock portfolio vanish, where will they run? If there are no safe exits anywhere in the stock market, it seems that Bitcoin or other coins would be the only things left not attached to the fiat money system to bail out into, much like we saw in Cyprus with bank confiscations (which absolutely will happen in a currency crisis at wide scale). Could we see a major run on Bitcoin during a stock market collapse? Maybe. Time will tell, but I think its a possible scenario. At some point in this Bitcoin would reach a breakaway point from fiat trade entirely, as there would be no more fiat money worth a damn.

Regardless of how or why a crash occurs, it will be an absolute and astounding blood bath. Exciting time to be alive though  
 

May 19th:
https://bitcointalksearch.org/topic/here-we-go-611268

May 26th:
https://bitcointalksearch.org/topic/m.6956588

Counts as 2 shots in my book. Sorry but I can't be bothered to go through the rest of your post history.

edit: together with your post of today that makes a grand total of 3 shots now

Hahaha 1929 would have been great. Bernanke/yellen would have hated that :-P

It would have been nice if it topped out at 1929. 

How many shots will you take before you give up?

by the way: I'm short the S&P too and hurting!

Fuck me!

Torque is certainly out with a vendetta. Such a shame that despite the obviously vast amounts of time he has spent trawling my post history, he can only find that one call, which he has repeated about 20 fkn times as though I have been proven wrong 20 times.

But I shall draw attention to this one, not the very first $200 range call that I made, but the 2nd or 3rd time I made it.



That post was made on March 27th 2014. I made the $200 range call earlier than that as well.

On March 27th 2014, Bitcoin was $590. On April 11th, Bitcoin went to $338. Within $39 of my target range after a $250 dollar down move.

....and since I have stopped shorting, I hope I am wrong, but in my view, we are still on the Primary corrective Wave 4, but only on the Wave B counter trend up. I hope I am wrong, as these days I don't make money if Bitcoin goes down, only if it goes up, but I suspect that over the course of a few months, I shall be proven right. Quote that for truth.


Are you quoting the fucktard Torque, only in order that I am sure to read his posts which I would otherwise be blissfully unaware off? Well, no reason not to have you on ignore as well. Not like much smart, helpful, or insightful comes from you either.....

......seeya at yer $750 break even point, ya sucker......maybe......just cos I project $300 moves in a direction doesn't mean that they are going to come to fruition does it, I mean, I might $50 out!

+1

very good to remember the ridiculous MatTheCat posts

Geez, now I remember why I stopped hanging around the speculation forums. If you guys studied TA for as much time as you spent shitting on each other, you'd all be rich! (Or so broke that you'd need to sell your computers, so I wouldn't hear from you anyway  )

In any case, /unsub

I have the MatTheFuckStickCat on ignore (makes life a lot more pleasant)

The definition of a REAL trader is that you make many many mistakes ....as long as the +'s outweigh the -'s

An asshat of a trader is somebody who is trying to be RIGHT all the time buga lugs definatley falls into teh later

He will be a fake who just blah blah blah's all day long and never trades because his "I AM RIGHT STRATEGY" will send him broke faster than a big bag of coke at a day traders convetion in las Vegas

Yes, you are.  And you are a fkn idiot clown.  Quit trying so hard to convince people here that you have an inkling of a clue as to what you are doing.

If you can't successfully trade, and most people can't, you have to find alternatives. On the other hand, and maybe I'm just seeing things, but it looks like most daytraders make shitty holders.

I am wrong often.

I try and pay attention to the errors I make and what caused them in order that I don't repeat them. That is something that I do whereas many here don't.

Ok, just continue on through life never admitting you were wrong.