Topic: Broken trend? (Read 6362 times)
It is outrageous what that Karp did to the Bitcoin.
Unfortunately he will escape untouched, I can bet this.
Unfortunately he will escape untouched, I can bet this.
Tera is also worried about things like quantum computing.
I don't care which way the market goes, I benefit either way. Less stress.
I don't care which way the market goes, I benefit either way. Less stress.
Good call, if it goes down, then buy more. If it goes up, then yay!
Trends are made to be broken. Once the market becomes predictable, it will be exploited to make it unpredictable again.
...
-I am looking at bitcoinwisdom while I am driving and I die
-I am looking at bitcoinwisdom while I am driving and I die
That's the most important point! All others are mitigable / recoverable!
And just for this reason you should hire a professional driver / bodyguard to drive your S Klasse.
It is outrageous what that Karp did to the Bitcoin.
Unfortunately he will escape untouched, I can bet this.
Unfortunately he will escape untouched, I can bet this.
Positive X-factors:
-Bitcoin exchanges open up in New York
-Bitcoin opens on OTC markets
-China removes all bitcoin banking restrictions
Something along the likes of Google adopts bitcoin.
-A country actually conducts capital flight into bitcoin
-Some other huge unexpected advancement in the technology, adoption, or liquidity
Negative X-factors:
-Chinese exchanges are actually closed.
-Hundreds of thousands, or millions, of coins start being dumped, for whatever reason (mtgox liquidation, china, or just bearish whales)
-Some catastrophic protocol failure
-Underlying ciphers are broken
-U.S. government ban
-Bitstamp, btce, and/or bitfinex fail.
Factors just to warrant against trading:
-Exchange shuts down
-Exchange is hacked; Money is stolen from exchange
-Account is compromised; Money is stolen from account
-Government seizure of exchange assets
-The exchange is not operating during a key trading moment and I make a huge loss
-I am looking at bitcoinwisdom while I am driving and I die
-Bitcoin exchanges open up in New York
-Bitcoin opens on OTC markets
-China removes all bitcoin banking restrictions
Something along the likes of Google adopts bitcoin.
-A country actually conducts capital flight into bitcoin
-Some other huge unexpected advancement in the technology, adoption, or liquidity
Negative X-factors:
-Chinese exchanges are actually closed.
-Hundreds of thousands, or millions, of coins start being dumped, for whatever reason (mtgox liquidation, china, or just bearish whales)
-Some catastrophic protocol failure
-Underlying ciphers are broken
-U.S. government ban
-Bitstamp, btce, and/or bitfinex fail.
Factors just to warrant against trading:
-Exchange shuts down
-Exchange is hacked; Money is stolen from exchange
-Account is compromised; Money is stolen from account
-Government seizure of exchange assets
-The exchange is not operating during a key trading moment and I make a huge loss
-I am looking at bitcoinwisdom while I am driving and I die
add russia invades ukraine to that x-factor if that happens we are through the roof i think
"in fact" lol
down trend is due to negative news. Hyped up negative speculation that has not come true and I'd say fear and panic and paranoia all played a roll.
Financial meltdown is slated for 2020. Should be fairly widespread by then, even among some of the muggles. All comes down to things like hardware wallets, security+ease of use.
Positive X-factors:
-Bitcoin exchanges open up in New York
-Bitcoin opens on OTC markets
-China removes all bitcoin banking restrictions
Something along the likes of Google adopts bitcoin.
-A country actually conducts capital flight into bitcoin
-Some other huge unexpected advancement in the technology, adoption, or liquidity
Negative X-factors:
-Chinese exchanges are actually closed.
-Hundreds of thousands, or millions, of coins start being dumped, for whatever reason (mtgox liquidation, china, or just bearish whales)
-Some catastrophic protocol failure
-Underlying ciphers are broken
-U.S. government ban
-Bitstamp, btce, and/or bitfinex fail.
Factors just to warrant against trading:
-Exchange shuts down
-Exchange is hacked; Money is stolen from exchange
-Account is compromised; Money is stolen from account
-Government seizure of exchange assets
-The exchange is not operating during a key trading moment and I make a huge loss
-I am looking at bitcoinwisdom while I am driving and I die
-Bitcoin exchanges open up in New York
-Bitcoin opens on OTC markets
-China removes all bitcoin banking restrictions
Something along the likes of Google adopts bitcoin.
-A country actually conducts capital flight into bitcoin
-Some other huge unexpected advancement in the technology, adoption, or liquidity
Negative X-factors:
-Chinese exchanges are actually closed.
-Hundreds of thousands, or millions, of coins start being dumped, for whatever reason (mtgox liquidation, china, or just bearish whales)
-Some catastrophic protocol failure
-Underlying ciphers are broken
-U.S. government ban
-Bitstamp, btce, and/or bitfinex fail.
Factors just to warrant against trading:
-Exchange shuts down
-Exchange is hacked; Money is stolen from exchange
-Account is compromised; Money is stolen from account
-Government seizure of exchange assets
-The exchange is not operating during a key trading moment and I make a huge loss
-I am looking at bitcoinwisdom while I am driving and I die
add russia invades ukraine to that x-factor if that happens we are through the roof i think
Positive X-factors:
-Bitcoin exchanges open up in New York
-Bitcoin opens on OTC markets
-China removes all bitcoin banking restrictions
Something along the likes of Google adopts bitcoin.
-A country actually conducts capital flight into bitcoin
-Some other huge unexpected advancement in the technology, adoption, or liquidity
Negative X-factors:
-Chinese exchanges are actually closed.
-Hundreds of thousands, or millions, of coins start being dumped, for whatever reason (mtgox liquidation, china, or just bearish whales)
-Some catastrophic protocol failure
-Underlying ciphers are broken
-U.S. government ban
-Bitstamp, btce, and/or bitfinex fail.
Factors just to warrant against trading:
-Exchange shuts down
-Exchange is hacked; Money is stolen from exchange
-Account is compromised; Money is stolen from account
-Government seizure of exchange assets
-The exchange is not operating during a key trading moment and I make a huge loss
-I am looking at bitcoinwisdom while I am driving and I die
-Bitcoin exchanges open up in New York
-Bitcoin opens on OTC markets
-China removes all bitcoin banking restrictions
Something along the likes of Google adopts bitcoin.
-A country actually conducts capital flight into bitcoin
-Some other huge unexpected advancement in the technology, adoption, or liquidity
Negative X-factors:
-Chinese exchanges are actually closed.
-Hundreds of thousands, or millions, of coins start being dumped, for whatever reason (mtgox liquidation, china, or just bearish whales)
-Some catastrophic protocol failure
-Underlying ciphers are broken
-U.S. government ban
-Bitstamp, btce, and/or bitfinex fail.
Factors just to warrant against trading:
-Exchange shuts down
-Exchange is hacked; Money is stolen from exchange
-Account is compromised; Money is stolen from account
-Government seizure of exchange assets
-The exchange is not operating during a key trading moment and I make a huge loss
-I am looking at bitcoinwisdom while I am driving and I die
add russia invades ukraine to that x-factor if that happens we are through the roof i think
That last one would be a real downer.
Google actually did adopt bitcoin, in part, if the Glass rumors are true. Also seems like your list of negatives is more generalized and vague than the list of positives. Smells a bit like irrational fear.
I don't think these fears are irratinonal. I think if any uninitiated investor was given this list of risks, they would not think of even go anywhere near it. We only stay here and accept these risks because we have first hand experience with past performance and have seen bitcoin survive through many of what seemed like might be catastrophes so we have established a pattern in our mind that bitcoin (and the price) is immortal. Google actually did adopt bitcoin, in part, if the Glass rumors are true. Also seems like your list of negatives is more generalized and vague than the list of positives. Smells a bit like irrational fear.
That last one would be a real downer.
Google actually did adopt bitcoin, in part, if the Glass rumors are true. Also seems like your list of negatives is more generalized and vague than the list of positives. Smells a bit like irrational fear.
Google actually did adopt bitcoin, in part, if the Glass rumors are true. Also seems like your list of negatives is more generalized and vague than the list of positives. Smells a bit like irrational fear.
Positive X-factors:
-Bitcoin exchanges open up in New York
-Bitcoin opens on OTC markets
-China removes all bitcoin banking restrictions
Something along the likes of Google adopts bitcoin.
-A country actually conducts capital flight into bitcoin
-Some other huge unexpected advancement in the technology, adoption, or liquidity
Negative X-factors:
-Chinese exchanges are actually closed.
-Hundreds of thousands, or millions, of coins start being dumped, for whatever reason (mtgox liquidation, china, or just bearish whales)
-Some catastrophic protocol failure
-Underlying ciphers are broken
-U.S. government ban
-Bitstamp, btce, and/or bitfinex fail.
Factors just to warrant against trading:
-Exchange shuts down
-Exchange is hacked; Money is stolen from exchange
-Account is compromised; Money is stolen from account
-Government seizure of exchange assets
-The exchange is not operating during a key trading moment and I make a huge loss
-I am looking at bitcoinwisdom while I am driving and I die
-Bitcoin exchanges open up in New York
-Bitcoin opens on OTC markets
-China removes all bitcoin banking restrictions
Something along the likes of Google adopts bitcoin.
-A country actually conducts capital flight into bitcoin
-Some other huge unexpected advancement in the technology, adoption, or liquidity
Negative X-factors:
-Chinese exchanges are actually closed.
-Hundreds of thousands, or millions, of coins start being dumped, for whatever reason (mtgox liquidation, china, or just bearish whales)
-Some catastrophic protocol failure
-Underlying ciphers are broken
-U.S. government ban
-Bitstamp, btce, and/or bitfinex fail.
Factors just to warrant against trading:
-Exchange shuts down
-Exchange is hacked; Money is stolen from exchange
-Account is compromised; Money is stolen from account
-Government seizure of exchange assets
-The exchange is not operating during a key trading moment and I make a huge loss
-I am looking at bitcoinwisdom while I am driving and I die
Tera is also worried about things like quantum computing.
I don't care which way the market goes, I benefit either way. Less stress.
I don't care which way the market goes, I benefit either way. Less stress.
I have personal reasons of doing this also. It isn't entirely about my prognosis of the market. To be honest I don't know where the market is going right now - it could either break up or down, and there are a lot of X-factors that could happen. So I'm removing an amount of fiat and amount of coins that I'm comfortable with. It won't effect my life anymore if I lose this level of bitcoin investment, and I won't miss the train if there's a breakout. But to trade, there is now too little volume and too little volatility and the stress and time to be involved with the 24/7 market is not fitting in with my life anymore.
I would suggest that if you were still winning big, then those personal reasons wouldn't have such a big pull on you when it came to withdrawing your capital from the market. Truth is, the game has went from insanely rewarding and hence insanely addictive, to a much tighter, stagnant, stressful and much less rewarding affair. If indeed the trader is to be rewarded at all! Afterall, a declining market by nature, ensures that the majority are punished. It can't be any other way.
I have removed 70% of my capital from bitcoin markets. I thinking of going long in cold storage with the other 30% and quitting bitcoin trading.
Yup. I must be a mind reader or something.
Either that or that there is only one logical conclusion for even talented and disciplined traders to come to in a declining market with capital pouring out it in tanker loads. In a declining shrinking market, the odds are greatly increased in favour of the trader losing, than the trader winning. In such an environment, a trader must be performing better than average just to break even. Another way of breaking even that involves zero effort, worry, risk etc, is of course simply to not participate.
I have removed 70% of my capital from bitcoin markets. I thinking of going long in cold storage with the other 30% and quitting bitcoin trading.
Yup. I must be a mind reader or something.
Either that or that there is only one logical conclusion for even talented and disciplined traders to come to in a declining market with capital pouring out it in tanker loads. In a declining shrinking market, the odds are greatly increased in favour of the trader losing, than the trader winning. In such an environment, a trader must be performing better than average just to break even. Another way of breaking even that involves zero effort, worry, risk etc, is of course simply to not participate.
EDIT: Also worth remembering is that over 90% of TERA's capital (I believe) is gains that has ultimately come out of Bitcoin loser's pockets. How do you reckon those boys are feeling about Bitcoin right now. Praying on a pending break out and bull run? Perhaps, but certainly not willing to put any fresh capital into it and probably very twitchy to start clawing back their initial investment.......and then there is all the cold storage Bitcoins, seized Bitcoins, stolen Bitcoins.
It's kind of funny how a lot of people say that past performance does not predict the future, and then go on to post charts based on past performance.
The market is too small. One big player can push the market into the thousands, whatever your charts and burger indexes say.
The market is too small. One big player can push the market into the thousands, whatever your charts and burger indexes say.
One big player, or rather one big capital flight event. If the X-Factor doesn't come along then Bitcoin will do what every other market does in a post bubble phase where more and more fiat is exiting the market leaving the market to be moved by pre-existing traders basically gambling with each other in increasingly smaller amounts.
I have less than a quarter of what I did have in Bitcoin still on exchanges. But I am a shit trader. Everyone knows that. But what about TER? Speak to him. Bet the truth is that he has gradually taken a large ball of his capital out the game also. This is a general trend and a trend that can ultimately mean only one thing unless the X Factor comes along, which it might......but I wouldn't be relying on any largely unpredictable event to come along and save my skin/help me break even.
It's kind of funny how a lot of people say that past performance does not predict the future, and then go on to post charts based on past performance.
The market is too small. One big player can push the market into the thousands, whatever your charts and burger indexes say.
The market is too small. One big player can push the market into the thousands, whatever your charts and burger indexes say.
One big player, or rather one big capital flight event. If the X-Factor doesn't come along then Bitcoin will do what every other market does in a post bubble phase where more and more fiat is exiting the market leaving the market to be moved by pre-existing traders basically gambling against each other in increasingly smaller amounts (with of course a few of the big players stacking the game in their favour) . To predict such scenarios, general TA axioms can generally be relied upon. Indeed with Bitcoin, the most schoolboy of TA 101 principles are triggered over and over again. Just look at the amount of times key supports have been hit and trendlines touched or flirted with. If Bitcoin continues to play this way then next strong rebound is at $260.
I have less than a quarter of what I did have in Bitcoin still on exchanges. But I am a shit trader. Everyone knows that. But what about TERA? Speak to him. Bet the truth is that he has gradually taken a large ball of his capital out the game also. This is a general trend and a trend that can ultimately mean only one thing unless the X Factor comes along, which it might......but I wouldn't be relying on any largely unpredictable event to come along and save my skin/help me break even.
It's kind of funny how a lot of people say that past performance does not predict the future, and then go on to post charts based on past performance.
The market is too small. One big player can push the market into the thousands, whatever your charts and burger indexes say.
The market is too small. One big player can push the market into the thousands, whatever your charts and burger indexes say.
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