I base my trades on daily and weekly trends versus hour to hour.
For all of you who play the exchange hour by hour, minute by minute...I do not see the point.
S.
Topic: Guys, you should not buy in such a hurry (Read 2522 times)
Yes. He used to to be an investment consultant.
I think he is concerned that the market is very easy to manipulate with less than $300Million in value.
I think he is concerned that the market is very easy to manipulate with less than $300Million in value.
surely it will be more volatile due to the scarcity of btc's and the immaturity of the currency.
but w/o the derivatives (puts, calls, short selling) i don't see how it can be manipulated effectively.
With a lot of funds on each side it can be manipulated very easily. You just need to buy a lot or sell a lot to create big movements. These movements often catch on with smaller players jumping in on the trend and the market will move.
Earlier last week there were large orders on each side that appeared and disappeared indicating the likely presence of a single "entity" with large funds ( 50- 100K usd in both dollars and BTC).
your implication is that this large player can manipulate a market like this continually to his own benefit or in the direction he/she wants. i don't believe thats the case at least in terms of making money. perhaps he could start a short term trend but over the long term the market as a whole will determine price.
Yes. He used to to be an investment consultant.
I think he is concerned that the market is very easy to manipulate with less than $300Million in value.
I think he is concerned that the market is very easy to manipulate with less than $300Million in value.
He is likely correct. Bitcoin is very high risk, but with a very high potential gain. And it will continue to be this way for some time. However, increases in the size of the Bitcoin economy will dampen this issue eventually; but by then it can be assumed that the price of a bitcoin will reflect that. Listen to your father, proceed with caution. Do not invest anything into something that you don't understand.
Yes. He used to to be an investment consultant.
I think he is concerned that the market is very easy to manipulate with less than $300Million in value.
I think he is concerned that the market is very easy to manipulate with less than $300Million in value.
surely it will be more volatile due to the scarcity of btc's and the immaturity of the currency.
but w/o the derivatives (puts, calls, short selling) i don't see how it can be manipulated effectively.
With a lot of funds on each side it can be manipulated very easily. You just need to buy a lot or sell a lot to create big movements. These movements often catch on with smaller players jumping in on the trend and the market will move.
Earlier last week there were large orders on each side that appeared and disappeared indicating the likely presence of a single "entity" with large funds ( 50- 100K usd in both dollars and BTC).
Everybody, trust me,
Why should we trust you? You don't give any reasons why.
Yes. He used to to be an investment consultant.
I think he is concerned that the market is very easy to manipulate with less than $300Million in value.
I think he is concerned that the market is very easy to manipulate with less than $300Million in value.
surely it will be more volatile due to the scarcity of btc's and the immaturity of the currency.
but w/o the derivatives (puts, calls, short selling) i don't see how it can be manipulated effectively.
My dad whom doesn't think I should touch Bitcoin with a 10ft pole has told me as much.
I figure with the size of investment I plan to make, it will pay for itself after only about 10 transactions. (Paying by mail has high transaction costs). If it goes up astronomically in a year or two, that would just be a bonus.
Edit: I was under the impression currency trading was riskier than stock trading
I figure with the size of investment I plan to make, it will pay for itself after only about 10 transactions. (Paying by mail has high transaction costs). If it goes up astronomically in a year or two, that would just be a bonus.
Edit: I was under the impression currency trading was riskier than stock trading
only if you use leverage.
certainly you need to listen to your Dad. but most financial experts have gotten the last 11 yrs very wrong.
i'm a Boomer but i think the young ones have got this one right and am going with them this time around. i just know that they aren't gonna put up with this BS the Boomers are trying to shove down their throats (namely debt servitude).
Yes. He used to to be an investment consultant.
I think he is concerned that the market is very easy to manipulate with less than $300Million in value.
I think he is concerned that the market is very easy to manipulate with less than $300Million in value.
My dad whom doesn't think I should touch Bitcoin with a 10ft pole has told me as much.
I figure with the size of investment I plan to make, it will pay for itself after only about 10 transactions. (Paying by mail has high transaction costs). If it goes up astronomically in a year or two, that would just be a bonus.
I figure with the size of investment I plan to make, it will pay for itself after only about 10 transactions. (Paying by mail has high transaction costs). If it goes up astronomically in a year or two, that would just be a bonus.
i'm a Dad too. but does yours understand computers and whats happening with the Internet? not to mention understanding money.
My dad whom doesn't think I should touch Bitcoin with a 10ft pole has told me as much.
I figure with the size of investment I plan to make, it will pay for itself after only about 10 transactions. (Paying by mail has high transaction costs). If it goes up astronomically in a year or two, that would just be a bonus.
Edit: I was under the impression currency trading was riskier than stock trading
I figure with the size of investment I plan to make, it will pay for itself after only about 10 transactions. (Paying by mail has high transaction costs). If it goes up astronomically in a year or two, that would just be a bonus.
Edit: I was under the impression currency trading was riskier than stock trading
When the price of Bitcoin was rapidly climbing from $3 to $30 USD, I started valuing Bitcoin at the 30 day weighted average price (right hand side). The possibly flawed assumption is that better reflects the fundamental value of bitcoin than the peaks and valleys.
Currently, the 30 Day price is listed at $17.69 USD/BTC. IMO, anything less than that is a good price if you are buying for the medium-long term. Keep in mind that the 30 Day price won't predict any fundamental problems with the currency that may cause the value to drop to 0. Conversely, it won't predict a long-term price adjustment; there will be a 30 day lag.
Currently, the 30 Day price is listed at $17.69 USD/BTC. IMO, anything less than that is a good price if you are buying for the medium-long term. Keep in mind that the 30 Day price won't predict any fundamental problems with the currency that may cause the value to drop to 0. Conversely, it won't predict a long-term price adjustment; there will be a 30 day lag.
the problem is you can use an infinite number of measures of so called value; VWAP is another one that comes to mind. i see in my stock trading program at least a hundred different ways of doing this. ALL FUTILE! and i should know having tried many out.
trading is tough; currencies are no different than stocks. sometimes you just have to believe...
to be honest this recent rally seems 100% artificial to me.... just happened way to quick and in a stepping pattern. I was watching the order book live and will tell you there was no 'real' rally, just somebody trying to push the market up to thier large sell order, then dropping the sell order and uping up $0.10 until the peak.Notice as soon as the price jumped there was always a buyer with 100-300BTC locking in the high price.
I'm guessing it'll drop back to 14 soon enough, after this guy pulls off his sell
I'm guessing it'll drop back to 14 soon enough, after this guy pulls off his sell
When the price of Bitcoin was rapidly climbing from $3 to $30 USD, I started valuing Bitcoin at the 30 day weighted average price (right hand side). The possibly flawed assumption is that better reflects the fundamental value of bitcoin than the peaks and valleys.
Currently, the 30 Day price is listed at $17.69 USD/BTC. IMO, anything less than that is a good price if you are buying for the medium-long term. Keep in mind that the 30 Day price won't predict any fundamental problems with the currency that may cause the value to drop to 0. Conversely, it won't predict a long-term price adjustment; there will be a 30 day lag.
Currently, the 30 Day price is listed at $17.69 USD/BTC. IMO, anything less than that is a good price if you are buying for the medium-long term. Keep in mind that the 30 Day price won't predict any fundamental problems with the currency that may cause the value to drop to 0. Conversely, it won't predict a long-term price adjustment; there will be a 30 day lag.
the trend has turned and we are headed for new highs.
you're doling out bad advice.
you're doling out bad advice.
I'm actually not very good at technical analysis. Would you please explain it in detail. Thanks in advance.
but I still think it's bad for us to push the price now. those stupid panicky didn't all get out.
go to the RALLY thread and see my technical analysis starting a few days ago.
your reasoning is specious as well. one could just as easily argue that another price breakout would re-energize btc's credibility and acceptance worldwide and HELP adoption especially after the news hits we've taken in the last month. and i personally believe the long term equilibrium price of btc will be in the thousands so buy now.
the trend has turned and we are headed for new highs.
you're doling out bad advice.
you're doling out bad advice.
I'm actually not very good at technical analysis. Would you please explain it in detail. Thanks in advance.
but I still think it's bad for us to push the price now. those stupid panicky didn't all get out.
if you don't buy now, you'll never get another chance. the trend has turned and we are headed for new highs.
you're doling out bad advice.
you're doling out bad advice.
you actually see panicky people who are not used to trading at all.
a guy was on here the other day complaining he bought at 16 and sold the other day when it dropped to 11.. he sold at 13. But he was freaking out that he might lose the entire 16, so he got out. When a market like bitcoin is going to have wild fluctuation at times, you cant just panic on drops. Try to figure out why it is dropping, if you ant figure out why i is dropping then hold on to it, cause most likely the drop is temp.
a guy was on here the other day complaining he bought at 16 and sold the other day when it dropped to 11.. he sold at 13. But he was freaking out that he might lose the entire 16, so he got out. When a market like bitcoin is going to have wild fluctuation at times, you cant just panic on drops. Try to figure out why it is dropping, if you ant figure out why i is dropping then hold on to it, cause most likely the drop is temp.
Ok, people panic always. they panic to sell and panic to buy. The latter one is what's going on right now.
you actually see panicky people who are not used to trading at all.
a guy was on here the other day complaining he bought at 16 and sold the other day when it dropped to 11.. he sold at 13. But he was freaking out that he might lose the entire 16, so he got out. When a market like bitcoin is going to have wild fluctuation at times, you cant just panic on drops. Try to figure out why it is dropping, if you ant figure out why i is dropping then hold on to it, cause most likely the drop is temp.
a guy was on here the other day complaining he bought at 16 and sold the other day when it dropped to 11.. he sold at 13. But he was freaking out that he might lose the entire 16, so he got out. When a market like bitcoin is going to have wild fluctuation at times, you cant just panic on drops. Try to figure out why it is dropping, if you ant figure out why i is dropping then hold on to it, cause most likely the drop is temp.
Everybody, trust me, if we push the price high too soon, it will be dangerous for the bitcoin community. those people who want to get profit fast will cash out their profit very fast, and it's not good for the bitcoin. If we push the price up like fast like 100% in 3 days, it will get us another crash.
Everybody who is solid believe in bitcoin, we should not buy now, just hold our fiat money, and force those people who don't really believe in bitcoin sell at low price!!
Everybody who is solid believe in bitcoin, we should not buy now, just hold our fiat money, and force those people who don't really believe in bitcoin sell at low price!!
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