[Cosmopolis] Prepare for Bitcoin $266 Retest - page 7.

GigaCoin

sr. member

Activity: 308

Merit: 251

Giga

Quote from: jamesc760 on April 04, 2014, 03:00:12 PM

I agree with Easy2Mine above.

Technical Analysis does not adequately explain the trajectory of BTC. Due to the fact that TA rose from stock market analysis, there's the fundamental weakness. BTC does NOT behave like stocks. BTC is not a stock. Just because you can buy BTC at an exchange does not mean it is a kind of stock. BTC is a commodity, like gold and other metals. If anything, it behaves like gold in a market environment. I believe someone has done some work comparing and analyzing the relationship between btc and gold, I just can't find the link at the moment.

Btc behaves like a stock, commodity and for ex, its being used for multiple purposes at the same time.

Indeed very difficult toTA

Best way is to go with your "gut feeling" Cheesy

dandirk

full member

Activity: 143

Merit: 100

Quote from: Easy2Mine on April 04, 2014, 02:07:00 PM

Quote from: chesthing on April 04, 2014, 01:56:48 PM

I fail to understand how a support level established before btc's ath, before China and Russia ban, before the enormous losses suffered by the Mt Gox disaster, before the IRS ruling btc is property and not a currency, when the mining landscape was far different, when the adoption landscape was far different, has any fucking meaning whatsoever.
But wtf do I know, I'm not a TA pro.

Read this article
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2401230

It has been confirmed by really smart people that people using TA lose more profit than people who don't use it.
A big financial corporation never ever use TA alone.
If you can get your hands at BTC address from the trolls here and analyze it through the blockchain, you will notice none of them have made profit, only big losses.

Everyone has the right to be a bull or a bear, but manipulating and misforming information is so annoying.

All I had to read was the Abstract where they gave multitude of reasons why their TA subjects had less returns. Any one or more of those reasons could be the lion share of losses. If TA was 100%, everyone would use it and it wouldn't work. It may give insite and a bit of leverage like say counting cards but it doesn't predict the future. You still need to have a diverse investment portfolio etc.

"Overall, our results indicate that individual investors who report using technical analysis are disproportionately prone to have speculation on short-term stock-market developments as their primary investment objective, hold more concentrated portfolios which they turn over at a higher rate, are less inclined to bet on reversals, choose risk exposures featuring a higher ratio of nonsystematic risk to total risk, engage in more options trading, and earn lower returns."

jamesc760

sr. member

Activity: 448

Merit: 250

I agree with Easy2Mine above.

Technical Analysis does not adequately explain the trajectory of BTC. Due to the fact that TA rose from stock market analysis, there's the fundamental weakness. BTC does NOT behave like stocks. BTC is not a stock. Just because you can buy BTC at an exchange does not mean it is a kind of stock. BTC is a commodity, like gold and other metals. If anything, it behaves like gold in a market environment. I believe someone has done some work comparing and analyzing the relationship between btc and gold, I just can't find the link at the moment.

spazzdla

legendary

Activity: 1722

Merit: 1000

Quote from: uhoh on April 04, 2014, 12:45:08 PM

Quote from: p0peji on April 04, 2014, 12:44:23 PM

Quote from: uhoh on April 04, 2014, 12:38:55 PM

Quote from: Easy2Mine on April 04, 2014, 12:30:15 PM

Good to know that BTC will drop.
Less money for hookers.
Instead of 4 BTC you need 10000 BTC for a hooker which you don't have.
https://bitcointalksearch.org/topic/do-you-like-what-you-see-nsfw-553352

LOL!

Never understood why people brag about having to PAY to get laid !!

In the end all men pay to get laid. Grin

You know, I knew someone would make that comment Grin

LOL it's a good point.. my buddies go drop $3-400 at a bar and the only reason they are going is to get laid.. They are paying for the chance to get some.. IMO that is EVEN worse. Not only are you paying double to triple but you have 50/50 chances... lmao.

Easy2Mine

hero member

Activity: 854

Merit: 500

einc.io

Quote from: chesthing on April 04, 2014, 01:56:48 PM

I fail to understand how a support level established before btc's ath, before China and Russia ban, before the enormous losses suffered by the Mt Gox disaster, before the IRS ruling btc is property and not a currency, when the mining landscape was far different, when the adoption landscape was far different, has any fucking meaning whatsoever.
But wtf do I know, I'm not a TA pro.

Read this article
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2401230

It has been confirmed by really smart people that people using TA lose more profit than people who don't use it.
A big financial corporation never ever use TA alone.
If you can get your hands at BTC address from the trolls here and analyze it through the blockchain, you will notice none of them have made profit, only big losses.

Everyone has the right to be a bull or a bear, but manipulating and misforming information is so annoying.

chesthing

legendary

Activity: 1414

Merit: 1000

I fail to understand how a support level established before btc's ath, before China and Russia ban, before the enormous losses suffered by the Mt Gox disaster, before the IRS ruling btc is property and not a currency, when the mining landscape was far different, when the adoption landscape was far different, has any fucking meaning whatsoever.
But wtf do I know, I'm not a TA pro.

cosmofly

full member

Activity: 532

Merit: 100

PrimeDAO - An Adoption Engine for Open Finance

Quote from: Easy2Mine on April 04, 2014, 01:28:16 PM

https://bitcointalksearch.org/topic/m.6069803

You are sure you weren't 14 at that time?
Because 14*19=266. The magical 266 in the title of this thread.
Grin

I was 15

So it doesn't count here, would've been cool coincidence though lol

Easy2Mine

hero member

Activity: 854

Merit: 500

einc.io

https://bitcointalksearch.org/topic/m.6069803

You are sure you weren't 14 at that time?
Because 14*19=266. The magical 266 in the title of this thread.
Grin

cosmofly

full member

Activity: 532

Merit: 100

PrimeDAO - An Adoption Engine for Open Finance

Quote from: uhoh on April 04, 2014, 01:07:38 PM

Quote from: cosmofly on April 04, 2014, 01:03:05 PM

Quote from: uhoh on April 04, 2014, 12:38:55 PM

Quote from: Easy2Mine on April 04, 2014, 12:30:15 PM

LOL!

Never understood why people brag about having to PAY to get laid !!

Someone who says that statement never got laid

lol, my kids magically appeared..

Fair enough

Easy2Mine

hero member

Activity: 854

Merit: 500

einc.io

What they found out about TA.
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2401230

uhoh

hero member

Activity: 742

Merit: 500

Circle gets the Square

Quote from: cosmofly on April 04, 2014, 01:03:05 PM

Quote from: uhoh on April 04, 2014, 12:38:55 PM

Quote from: Easy2Mine on April 04, 2014, 12:30:15 PM

LOL!

Never understood why people brag about having to PAY to get laid !!

Someone who says that statement never got laid

lol, my kids magically appeared..

cosmofly

full member

Activity: 532

Merit: 100

PrimeDAO - An Adoption Engine for Open Finance

Quote from: uhoh on April 04, 2014, 12:38:55 PM

Quote from: Easy2Mine on April 04, 2014, 12:30:15 PM

LOL!

Never understood why people brag about having to PAY to get laid !!

Someone who says that statement never got laid

dropt

legendary

Activity: 1512

Merit: 1000

Quote from: TERA on April 04, 2014, 04:15:56 AM

Here's why $265 is a likely support level. It is not because of ATH.

That's your reasoning for support at $265? I expected better from you Tera.

uhoh

hero member

Activity: 742

Merit: 500

Circle gets the Square

Quote from: p0peji on April 04, 2014, 12:44:23 PM

Quote from: uhoh on April 04, 2014, 12:38:55 PM

Quote from: Easy2Mine on April 04, 2014, 12:30:15 PM

Good to know that BTC will drop.
Less money for hookers.
Instead of 4 BTC you need 10000 BTC for a hooker which you don't have.
https://bitcointalksearch.org/topic/do-you-like-what-you-see-nsfw-553352

LOL!

Never understood why people brag about having to PAY to get laid !!

In the end all men pay to get laid. Grin

You know, I knew someone would make that comment Grin

p0peji

sr. member

Activity: 266

Merit: 250

Quote from: uhoh on April 04, 2014, 12:38:55 PM

Quote from: Easy2Mine on April 04, 2014, 12:30:15 PM

Good to know that BTC will drop.
Less money for hookers.
Instead of 4 BTC you need 10000 BTC for a hooker which you don't have.
https://bitcointalksearch.org/topic/do-you-like-what-you-see-nsfw-553352

LOL!

Never understood why people brag about having to PAY to get laid !!

In the end all men pay to get laid. Grin

uhoh

hero member

Activity: 742

Merit: 500

Circle gets the Square

Quote from: Easy2Mine on April 04, 2014, 12:30:15 PM

Good to know that BTC will drop.
Less money for hookers.
Instead of 4 BTC you need 10000 BTC for a hooker which you don't have.
https://bitcointalksearch.org/topic/do-you-like-what-you-see-nsfw-553352

LOL!

Never understood why people brag about having to PAY to get laid !!

Easy2Mine

hero member

Activity: 854

Merit: 500

einc.io

Good to know that BTC will drop.
Less money for hookers.
Instead of 4 BTC you need 10000 BTC for a hooker which you don't have.
https://bitcointalksearch.org/topic/do-you-like-what-you-see-nsfw-553352

cosmofly

full member

Activity: 532

Merit: 100

PrimeDAO - An Adoption Engine for Open Finance

Quote from: y3804 on April 04, 2014, 11:30:37 AM

Quote from: Cassius on April 04, 2014, 11:28:23 AM

Quote from: y3804 on April 04, 2014, 11:24:14 AM

Another input from LEE

“A general lack of domestic investment targets, coupled with the lack of understanding of bitcoin led to bitcoins becoming speculative grade. After the April 15 message, investors will re-evaluate bitcoin, an industry reshuffle may also occur.”

After the April 15 message. LEE CONFIRMED!

Meaning what?!
China shutting down bitcoin (or at least all banking relationships) is already confirmed.
This "reshuffle" is presumably party-speak for a funeral.

Lee expects a massive crash. That's what it means.

Good to know thanks for the new info

Cassius

legendary

Activity: 1764

Merit: 1031

Quote from: y3804 on April 04, 2014, 11:30:37 AM

Quote from: Cassius on April 04, 2014, 11:28:23 AM

Quote from: y3804 on April 04, 2014, 11:24:14 AM

Another input from LEE

“A general lack of domestic investment targets, coupled with the lack of understanding of bitcoin led to bitcoins becoming speculative grade. After the April 15 message, investors will re-evaluate bitcoin, an industry reshuffle may also occur.”

After the April 15 message. LEE CONFIRMED!

Meaning what?!
China shutting down bitcoin (or at least all banking relationships) is already confirmed.
This "reshuffle" is presumably party-speak for a funeral.

Lee expects a massive crash. That's what it means.

Seems like anyone who waits until 15th might as well go down with the ship. News will have been out 2 weeks by then.

y3804

sr. member

Activity: 406

Merit: 250

Quote from: Cassius on April 04, 2014, 11:28:23 AM

Quote from: y3804 on April 04, 2014, 11:24:14 AM

Another input from LEE

“A general lack of domestic investment targets, coupled with the lack of understanding of bitcoin led to bitcoins becoming speculative grade. After the April 15 message, investors will re-evaluate bitcoin, an industry reshuffle may also occur.”

After the April 15 message. LEE CONFIRMED!

Meaning what?!
China shutting down bitcoin (or at least all banking relationships) is already confirmed.
This "reshuffle" is presumably party-speak for a funeral.

Lee expects a massive crash. That's what it means.

Topic: [Cosmopolis] Prepare for Bitcoin $266 Retest - page 7. (Read 15646 times)