Author

Topic: Gold collapsing. Bitcoin UP. - page 924. (Read 2032270 times)

legendary
Activity: 2044
Merit: 1005
September 24, 2014, 05:49:09 PM
Everybody sees a big change in 3-5 years, it's like a mental bias or something.


But noone really trades based on 3-5 years in todays stock market. So shorters trying to pick tops are probably looking at 6 months tops.

It's funny, every other 15 year old has a big insight and shares it here. btc is dead, btc is the king, it's like energy drink induced tandrums with every price move.

So are you saying everyone is 15 years old here because offer insights? Those 15 year olds have extensive experience in the markets too? If so I'd take their insights any day!

Obviously I'm here for the collective knowledge otherwise there is no value to me, that means that I have to distinguish between useful posts and crapy posts.
What, I'm saying that we have kids running around offering "big insights" without any or very little explanations.
I'm talking about the barage of "doom and gloom" and "to the moon" posts.
I wouldn't censor anybody, however it is becoming increasingly difficult spotting diamond posts.

Diamonds aren't diamonds without cubic zirconia's.. those that can see the diamonds from the zirconia's are trained to see quality.
newbie
Activity: 56
Merit: 0
September 24, 2014, 05:45:03 PM
Everybody sees a big change in 3-5 years, it's like a mental bias or something.


But noone really trades based on 3-5 years in todays stock market. So shorters trying to pick tops are probably looking at 6 months tops.

It's funny, every other 15 year old has a big insight and shares it here. btc is dead, btc is the king, it's like energy drink induced tandrums with every price move.

So are you saying everyone is 15 years old here because offer insights? Those 15 year olds have extensive experience in the markets too? If so I'd take their insights any day!

Obviously I'm here for the collective knowledge otherwise there is no value to me, that means that I have to distinguish between useful posts and crapy posts.
What, I'm saying that we have kids running around offering "big insights" without any or very little explanations.
I'm talking about the barage of "doom and gloom" and "to the moon" posts.
I wouldn't censor anybody, however it is becoming increasingly difficult spotting diamond posts.
legendary
Activity: 2044
Merit: 1005
September 24, 2014, 05:29:14 PM
Everybody sees a big change in 3-5 years, it's like a mental bias or something.


But noone really trades based on 3-5 years in todays stock market. So shorters trying to pick tops are probably looking at 6 months tops.

It's funny, every other 15 year old has a big insight and shares it here. btc is dead, btc is the king, it's like energy drink induced tandrums with every price move.

So are you saying everyone is 15 years old here because offer insights? Those 15 year olds have extensive experience in the markets too? If so I'd take their insights any day!
newbie
Activity: 56
Merit: 0
September 24, 2014, 05:23:51 PM
Everybody sees a big change in 3-5 years, it's like a mental bias or something.


But noone really trades based on 3-5 years in todays stock market. So shorters trying to pick tops are probably looking at 6 months tops.

It's funny, every other 15 year old has a big insight and shares it here. btc is dead, btc is the king, it's like energy drink induced tandrums with every price move.
legendary
Activity: 2044
Merit: 1005
September 24, 2014, 05:15:15 PM
Everybody sees a big change in 3-5 years, it's like a mental bias or something.


But noone really trades based on 3-5 years in todays stock market. So shorters trying to pick tops are probably looking at 6 months tops.
newbie
Activity: 56
Merit: 0
September 24, 2014, 05:11:51 PM
Everybody sees a big change in 3-5 years, it's like a mental bias or something.
legendary
Activity: 2044
Merit: 1005
September 24, 2014, 04:49:16 PM
S&P should hit 3k to 5k before the final collapse and bitcoin uber bubble. I think next few years theres giong to be a fire to get into US dollar and stocks.. how that affects bitcoin is anyones guess. Look at how after every dip its bought strongly... every dip shorters come and say this is the one.. but it will happen when you least expect and are super bullish US.
High-Yield bonds are already falling clearly, that's where real shorters are. The stocks bull market has not got more than 6 months left.

6 months turn into a few years pretty fast, the reason I saw a few years is becuase noone expects it. When you have trades/actively in markets for a while you come to realize that NOTHING is what it seems especially indicators telling you something is about to happen, usually your hunch is right but timing is never right... thus 6 months is way off. Plus we havent had the final stock bubble where tom and jerry come back in and become suckers again for the final time.

Bond vigilanties are too concerned about the short term, thus the ones that participated in driving yields up when italy/spain happened a few years ago are nowhere to be found, and really the can has been kicked hasn't it? I bet you thought that was the EU end game right there didn't you?

My advice, don't short the market and lose your shirt, the bull is too strong here.
hero member
Activity: 496
Merit: 500
Spanish Bitcoin trader
September 24, 2014, 04:33:24 PM
S&P should hit 3k to 5k before the final collapse and bitcoin uber bubble. I think next few years theres giong to be a fire to get into US dollar and stocks.. how that affects bitcoin is anyones guess. Look at how after every dip its bought strongly... every dip shorters come and say this is the one.. but it will happen when you least expect and are super bullish US.
High-Yield bonds are already falling clearly, that's where real shorters are. The stocks bull market has not got more than 6 months left.
legendary
Activity: 2044
Merit: 1005
September 24, 2014, 04:29:51 PM
S&P should hit 3k to 5k before the final collapse and bitcoin uber bubble. I think next few years theres giong to be a fire to get into US dollar and stocks.. how that affects bitcoin is anyones guess. Look at how after every dip its bought strongly... every dip shorters come and say this is the one.. but it will happen when you least expect and are super bullish US.
legendary
Activity: 1414
Merit: 1000
September 24, 2014, 04:24:58 PM

I'm not sure we can compare exchanges with and without fees. So all statistics are not quite accurate (maybe errors by order of magnitude)
legendary
Activity: 1764
Merit: 1002
legendary
Activity: 1764
Merit: 1002
September 24, 2014, 03:08:31 PM
as gold continues to collapse, why would you sell your Bitcoin?

remember, there's an $8T gold mkt out there.
newbie
Activity: 56
Merit: 0
September 24, 2014, 02:33:25 PM

It's all voodoo, but if enough people buy into it then it becomes a self fulfilling prophecy.

I remember in mid May lots of chartists made arguments that a bunch of things had just come together to stop the downward trend, bunches of lines were all coming together for the first time in months (I'm not an astrologer so it's above my understanding). Then boom on May 20th we had the run to $600 right as all these lines hit.

Self fulfilling prophecy, but I've learned to listen to a few of them for impact on longer multi-month cycles.

Quote
now what?

Gradual rise to test the ATH @$1.1k-1.2k by the end of 2015.

I think the one thing we can say for sure is whatever happens, it won't be "gradual" through end of 2015. Bitcoin is always stable, until it isn't.

gives us some good prognosticators
donator
Activity: 2772
Merit: 1019
September 24, 2014, 02:12:26 PM

what bullshit! He bases his call on the fact that $400 was the point at which the rally in November '13 had started. He said this twice. It didn't start at $400, but at $120.

He also says $400 has acted as support in the past, which is mainly true, but in and of itself no reason for a rally at this point.

In retrospect maybe he got a tip about paypal and made something up Wink



God we are a bunch of assholes we are even picking apart the good media.

I support people being this kind of "asshole".

next fight: "the good assholes" vs. "the circle jerkers" ?
legendary
Activity: 1762
Merit: 1011
September 24, 2014, 02:10:26 PM

what bullshit! He bases his call on the fact that $400 was the point at which the rally in November '13 had started. He said this twice. It didn't start at $400, but at $120.

He also says $400 has acted as support in the past, which is mainly true, but in and of itself no reason for a rally at this point.

In retrospect maybe he got a tip about paypal and made something up Wink



God we are a bunch of assholes we are even picking apart the good media.

I support people being this kind of "asshole".
legendary
Activity: 1162
Merit: 1004
September 24, 2014, 02:09:25 PM

It's all voodoo, but if enough people buy into it then it becomes a self fulfilling prophecy.

I remember in mid May lots of chartists made arguments that a bunch of things had just come together to stop the downward trend, bunches of lines were all coming together for the first time in months (I'm not an astrologer so it's above my understanding). Then boom on May 20th we had the run to $600 right as all these lines hit.

Self fulfilling prophecy, but I've learned to listen to a few of them for impact on longer multi-month cycles.

No, it's neither voodoo nor self fulfilling prophecy. It's the social mood and its patterns.

https://www.youtube.com/watch?v=ugfRmFNmR28

The supertheory of supereverything:

http://www.socialmood.net/
https://www.youtube.com/watch?v=dPDFkQbNbwk
legendary
Activity: 1764
Merit: 1002
legendary
Activity: 1722
Merit: 1004
September 24, 2014, 01:43:01 PM

what bullshit! He bases his call on the fact that $400 was the point at which the rally in November '13 had started. He said this twice. It didn't start at $400, but at $120.

He also says $400 has acted as support in the past, which is mainly true, but in and of itself no reason for a rally at this point.

In retrospect maybe he got a tip about paypal and made something up Wink




Also, he spends the first couple paragraphs trying to state that there's no "fundamental" way to value bitcoin:

Quote
...
With Bitcoin, none of these things apply. There’s no need for them nor is there any established supply / demand pattern given the novelty and newness of the thing. As such, there are only technicals
...

That's just false. Sure, you can't look at it like an equity or a bond, but *everything* is subject to demand, and you can analyze the underlying sources demand. For bitcoin, you just have to look at domains in which its technical properties are more efficient than many existing options: international payments, online payments, confiscation-resistant value store, inflation-proof value store, etc. Due the newness of bitcoin, that analysis will necessarily be far fuzzier than for more established assets, but the wide error-bars do not make the analysis worthless or impossible by any stretch.


donator
Activity: 2772
Merit: 1019
September 24, 2014, 01:28:20 PM

what bullshit! He bases his call on the fact that $400 was the point at which the rally in November '13 had started. He said this twice. It didn't start at $400, but at $120.

He also says $400 has acted as support in the past, which is mainly true, but in and of itself no reason for a rally at this point.

In retrospect maybe he got a tip about paypal and made something up Wink

donator
Activity: 2772
Merit: 1019
September 24, 2014, 01:20:58 PM

Quote
The advantages: "No couriers, no international bank transaction, solid contract and payment environment, camouflage and , (...), limited cost."

they get it
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