P.S. -- If you have Netflix you should all watch the documentary called "Mind Over Money"...
not bad http://youtu.be/fYXD-_AMstQ 
Topic: BTC/USD: Ready for "The Running of the Bears"? - page 13. (Read 19801 times)
Relax guys. The point is not about silly TA. Bitcoin now is all about exponential growth which will continue until the pool of potential participants is exhausted.
ATC, Analyse this http://www.youtube.com/watch?v=fW8amMCVAJQ .
ATC, Analyse this http://www.youtube.com/watch?v=fW8amMCVAJQ .
SO Vladimir, at what point are we at in the video right now in terms of bitcoin? lol
LOL!
1. See a double top at 20ish
2. Sell your bitcoin
3. Buy back at 40ish
4.
5. Profit
1. See a double top at 20ish
2. Sell your bitcoin
3. Buy back at 40ish
4.
5. Profit
Erm, no... You either did not actually read or failed to understand. Last time I was watching/hoping for a correction, and I bought BTC. Finger was on the trigger, but never pulled it because it set a new high and kept going. So I held my coins. Just like Keynes said "The market can stay irrational longer than you can stay solvent".
I started selling yesterday and finished today. But selling at $20 and buying again at $40 doesn't mean you lost any money. It just means you missed an opportunity. And the fear of missing an opportunity has driven men beyond counting to ruin.
"But selling at $20 and buying again at $40 doesn't mean you lost any money. It just means you missed an opportunity"
You can put lipstick on a pig, but it's still a pig... If you sold at $20 and you bought again at $40 then you lost money. You can call it an "opportunity" all you want. I call it losing money. I'm sure you sold low and bought high at some point or many times and I'm sure it fell like you lost money, not "opportunity"
Relax guys. The point is not about silly TA. Bitcoin now is all about exponential growth which will continue until the pool of potential participants is exhausted.
ATC, Analyse this http://www.youtube.com/watch?v=fW8amMCVAJQ .
ATC, Analyse this http://www.youtube.com/watch?v=fW8amMCVAJQ .
A pattern like this has happened many times in the last few months allowing me to buy back in at 64 57 and even 36.8.
Yup... I think many of these are the fools who dumped all their coin during the "Night of the Long Forks" who we made thousands of $ off of by selling them back their own coin when the error was rectified.
Ok, you asked for it, let me rip your analysis apart:
Unfortunately, the text that followed totally failed to deliver that...
BTW: Please learn to use the quote feature....
Don't sell, sell and you'll regret it in 2-3 years, this kid thinks that because he knows a few technical concepts he can analyze and predict that bitcoing will go down, yet he states above: "I'm bullish on BTC/USD long-term".
Another $200 amateur trader exhibiting a total lack of market-sense and calling me "kid"... how amusing...
Stop acting like a condescending douche bag and trying to insult me, and show respect to other people when you speak to them (and they might take you seriously). Did you not learn that as a child? If not, there's your basic life lesson for the day. If you want to have a civilized discussion about this I will be most happy to continue. But I'm tempted to use my Ignore button if not... Sorry if I give offense, but just being blunt... Ad hominem gets old fast...
What's the reasoning behind a sell? Make up your mind, if you're bullish on the long term, why risking selling your coins? To be able to rebuy at cheaper prices? Maybe buying 10% more on a dip? Is that worth the risk knowing bitcoin will most likely to up over time?
Are you unable to understand that different traders have different objectives, risk profiles, time horizons, etc? If your coins are intended as a long-term investment over the next 5-10 years then of course YOU should not sell, because you're not a trader (you're an investor). Traders, on the other hand, care about what's going to happen here and now and in the near future.
"no one has infinite money to keep pushing the price to infinity"
Inciting money? Do you realize that bitcoin market is less then 1 billion? We are talking about a world currency! One billion is a drop in the ocean! The adoption potential is so high that it is beyond anything you can possibly understand. A 5th grader can probably understand that better than you and your analysis can.
Inciting money? Do you realize that bitcoin market is less then 1 billion? We are talking about a world currency! One billion is a drop in the ocean! The adoption potential is so high that it is beyond anything you can possibly understand. A 5th grader can probably understand that better than you and your analysis can.
This really made me LOL...
And if you're wrong, then you will be able to get back in with 10-20% less bitcoins that you will never have again or you will have a hard time to recover... In a market that lacks offers and is full of bids.
Again. If you sold today, you've completely eliminated your risk to zero. If you don't buy a stock today and it goes up $10 tomorrow, did you lose any money? No. You're the one asking people to take risks and continue buying regardless of price -- I am not.
So what kind of conclusion is this? A "I cover my ass just in case im wrong conclusion?"
No, those are the two ways sell-offs tend to precipitate after a parabolic move.
Why is $100 a key psychological level? 32 wasn't a big deal psychologically speaking, $50 wasn't either, where is the psycho-logical explanation for the $100 level? Is it because it has two zeros? Not sure i understand please explain further.
If I offered to give you $100 today or $105 two months from now, which one would you choose?
Why the crash will be much worse? Because its more money? You need to think percentages, 2% of 100 is way more than 2% of 30, and the more adoption in the coin will without a doubt impact how bitcoin fluctuates bitcoin is way too young and way too exposed to pump and dumps, once we surpass a few billion dollars in market cap, then the coin will be much harder to move, at least at the same levels of fluctuations that we have nowadays.
I'm unable to discern anything from this other than opinionated ramblings of a perma-bull...
Why on earth would you recommend selling if you are optimistic about the future of bitcoin? Why would anyone risk and I state this again selling a few bitcoins if the long term is optimistic? What's your correction price? 40-50? That correction happened and it went up again. The coin can fluctuate as much, you won't see 20's again that's for sure, yo u most likely see $100 before seeing 20's again, so you're selling? I'm buying, I'm buying at 60, at 70, and at 80...
In 2015 ill be the guy that didn't buy that pizza for 0.5BTC and who knows, maybe 0.5 might be worth $700,000
In 2015 ill be the guy that didn't buy that pizza for 0.5BTC and who knows, maybe 0.5 might be worth $700,000
Sigh...
So please, do sell!
Done. Enjoy.
I don't gamble; I make calculated investment decisions. No way I'm sending my money to either of your addresses to bet against you.
To newcomers: These guys are betting against the market. Hence this thread. Hold firm.
To newcomers: Me and ATC have been in bitcoin a lot longer than BitPriateTo newcomers: These guys are betting against the market. Hence this thread. Hold firm.
Hey noob,
Being on the forum for 3 months doesn't get you out of the "newcomers" sandbox.
Go play with the kiddie toys and let the adults who have been around here for much much longer than you discuss the important things.
FYI: I've been around the forums since June 2011.
A pattern like this has happened many times in the last few months allowing me to buy back in at 64 57 and even 36.8.
I started selling yesterday and finished today. But selling at $20 and buying again at $40 doesn't mean you lost any money. It just means you missed an opportunity. And the fear of missing an opportunity has driven men beyond counting to ruin.
For a long-term bitcoin believer, selling at 20 and buying back at 40 is losing 50% of bitcoin
Good luck with your double top call. This pattern has happened many times in the past 2 months.
LOL!
1. See a double top at 20ish
2. Sell your bitcoin
3. Buy back at 40ish
4.
5. Profit
1. See a double top at 20ish
2. Sell your bitcoin
3. Buy back at 40ish
4.
5. Profit
Erm, no... You either did not actually read or failed to understand. Last time I was watching/hoping for a correction, and I bought BTC. Finger was on the trigger, but never pulled it because it set a new high and kept going. So I held my coins. Just like Keynes said "The market can stay irrational longer than you can stay solvent".
I started selling yesterday and finished today. But selling at $20 and buying again at $40 doesn't mean you lost any money. It just means you missed an opportunity. And the fear of missing an opportunity has driven men beyond counting to ruin.
Unfortunately, Sage has exposed me... Yes, I confess it... I am a jedi, and this has all been reverse-reverse-reverse reverse psychology to trick everyone into first selling, then buying, then selling again, and then buying and then selling. Damn, caught me!
I figured it out tho
Out of the goodness of his heart?
Or in order to precipitate a sell-off and shake down some weak hands?
He's shorted BTC; he's on the sidelines. The way this analysis was worded was intentionally to have the biggest beneficial impact to himself.
I think he's mis-called this one; Friday was the day to do that.
Or in order to precipitate a sell-off and shake down some weak hands?
He's shorted BTC; he's on the sidelines. The way this analysis was worded was intentionally to have the biggest beneficial impact to himself.
I think he's mis-called this one; Friday was the day to do that.
It is absolutely out of the goodness of my heart (and hopefully some tips from those who enjoy learning about TA). And just as others have, you can disagree with my conclusion and learn from the analysis. Technical analysis has made me hundreds of thousands of dollars in stocks, futures, FOREX (currency) and options. I only hope to help people and offer advice and insight, and I hope someone out there will be inspired by my chart-work and analysis and make themselves a lot of money too.
Regards,
--ATC--
EDIT:
Unfortunately, Sage has exposed me... Yes, I confess it... I am a jedi, and this has all been reverse-reverse-reverse reverse psychology to trick everyone into first selling, then buying, then selling again, and then buying and then selling. Damn, caught me!
Yes, and what most people who disagree with you are trying to say is just that: you cannot compare S&P 500 with bitcoins. They are entirely different beasts.
And that's a totally incorrect assumption. Human psychology hasn't changed since the tulip mania of the 17th century. ;-)
P.S. -- If you have Netflix you should all watch the documentary called "Mind Over Money"...
This^
Bitcoin is no different than any other financial market on Earth. When dealing with money, and the gain and loss thereof, there are the EXACT same psychological effects as other markets. This same psychology is the basis to Elliot Wave Theory, and the number one reason why you get panic in either direction.
Don't bet against bitcoin.
No one suggested betting against Bitcoin. I love Bitcoin. I suggested people take their profits, enjoy them and relax.
Bitcoin is deflationary, it's designed that way therefore if no external factors such as security flaws affect the coin, then it'll grow as people adopt it, either users, speculators, hoarders, you name it.
So the price of bitcoin never goes down? Have you ever even seen a chart before? Nothing moves in straight lines when humans are buying and selling it, my friend.
If you look at bitcoin in the next 4 years, you have the concept wrong unless you really want to profit in the short term and that's ok, but the real money will be made in 5-10 years from now.
I agree. I'm bullish on BTC/USD long-term. Evidently you didn't understand a word of my post or the implications of the analysis.
That pizza is worth 700,000 today!
Yummy...
All your analysis is fundamentally flawed from the very first word.
Trying to analyze bitcoin the way analyst analyze stocks is erroneous as well.
But that's ok, I'm not here to educate bears, I love bears, they give me the opportunity to make even more money!
Trying to analyze bitcoin the way analyst analyze stocks is erroneous as well.
But that's ok, I'm not here to educate bears, I love bears, they give me the opportunity to make even more money!
I don't think you understand what technical analysis is... TA can be used on ANYTHING people buy and sell. The way a stock analyst analyzes stocks is by the fundamentals (EPS, Price-to-Earnings Ratio, etc). I'm glad this "bear" was able to educate you. You're welcome!
Point taken -- if the market is that jittery, then that would mean we were near a top anyway.
But when there are a bunch of new hands, probably directly inbound from Reddit trying to chase the train, I wouldn't underestimate the power of this speculation forum.
But when there are a bunch of new hands, probably directly inbound from Reddit trying to chase the train, I wouldn't underestimate the power of this speculation forum.
I will give you my analysis that is way shorter and more accurate:
Don't bet against bitcoin.
Bitcoin is deflationary, it's designed that way therefore if no external factors such as security flaws affect the coin, then it'll grow as people adopt it, either users, speculators, hoarders, you name it.
If you look at bitcoin in the next 4 years, you have the concept wrong unless you really want to profit in the short term and that's ok, but the real money will be made in 5-10 years from now.
Easy example:
May 21 2010 laszlo first to buy pizza with Bitcoins agreeing upon paying 10,000 BTC for ~$25 worth of pizza courtesy of jercos
Source: https://en.bitcoin.it/wiki/History#2008
That pizza is worth 700,000 today!
We are talking about an event that occurred less than 3 years ago!
All your analysis is fundamentally flawed from the very first word.
Trying to analyze bitcoin the way analyst analyze stocks is erroneous as well.
But that's ok, I'm not here to educate bears, I love bears, they give me the opportunity to make even more money!
Don't bet against bitcoin.
Bitcoin is deflationary, it's designed that way therefore if no external factors such as security flaws affect the coin, then it'll grow as people adopt it, either users, speculators, hoarders, you name it.
If you look at bitcoin in the next 4 years, you have the concept wrong unless you really want to profit in the short term and that's ok, but the real money will be made in 5-10 years from now.
Easy example:
May 21 2010 laszlo first to buy pizza with Bitcoins agreeing upon paying 10,000 BTC for ~$25 worth of pizza courtesy of jercos
Source: https://en.bitcoin.it/wiki/History#2008
That pizza is worth 700,000 today!
We are talking about an event that occurred less than 3 years ago!
All your analysis is fundamentally flawed from the very first word.
Trying to analyze bitcoin the way analyst analyze stocks is erroneous as well.
But that's ok, I'm not here to educate bears, I love bears, they give me the opportunity to make even more money!
ATC I want my 6 minutes of life back that I lost reading all that bull crap!
Chill my friend. He's just posting his analysis.
Out of the goodness of his heart?
Or in order to precipitate a sell-off and shake down some weak hands?
He's shorted BTC; he's on the sidelines. The way this analysis was worded was intentionally to have the biggest beneficial impact to himself.
I think he's mis-called this one; Friday was the day to do that.
Hmmm.... What do I say here?
You're suggesting quite a powerful hand he holds for one thread he starts to move the market.
Wow, who is this kid with that kind of power? Or is it Jedi Mind tricks
ATC I want my 6 minutes of life back that I lost reading all that bull crap!
Chill my friend. He's just posting his analysis.
Out of the goodness of his heart?
Or in order to precipitate a sell-off and shake down some weak hands?
He's shorted BTC; he's on the sidelines. The way this analysis was worded was intentionally to have the biggest beneficial impact to himself.
I think he's mis-called this one; Friday was the day to do that.
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