HODL - the synonym for I'm out of money but too greedy to sell.

wobber

legendary

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Quote from: BitchicksHusband on February 11, 2014, 03:53:04 PM

Quote from: Bitcoin BEAR on February 08, 2014, 02:15:41 AM

Quote from: GodHatesFigs on February 08, 2014, 01:13:20 AM

Except that daytrading is idiotic: you can't time the market, and if you think otherwise, you've just been lucky thus far.

Some would say bible thumping is idiotic, but they don't have to say it in every thread

And some people would say ignoring the Bible is idiotic (choosing to burn in hell for all eternity?!?) but we also don't say it in every thread... Wink

So people that ignore Bible are doomed to burn in hell and we should warn them in every thread?

BitchicksHusband

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Quote from: Bitcoin BEAR on February 08, 2014, 02:15:41 AM

Quote from: GodHatesFigs on February 08, 2014, 01:13:20 AM

Except that daytrading is idiotic: you can't time the market, and if you think otherwise, you've just been lucky thus far.

Some would say bible thumping is idiotic, but they don't have to say it in every thread

And some people would say ignoring the Bible is idiotic (choosing to burn in hell for all eternity?!?) but we also don't say it in every thread... Wink

mootinator

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I am HODORING.

Winter is coming.

surfer43

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"Trading Platform of The Future!"

Quote from: WompRat on February 11, 2014, 07:31:37 AM

Day trading in normal stock markets is often made very difficult by a combination of high transaction fees and low volatility. You have to be extremely lucky and be playing with large amounts of money to come out ahead.

Bitcoin day trading is much easier because of the low transaction fees and high volatility. Even if one trade goes bad, you just need a bit of patience to catch up. No matter what strategy you used last year, you would have made money, whether that was Elliot Wave theory or astrology. The only losing move was not to play.

Making money in 2014 could be harder, maybe not. It would be very interesting (at least to me) to set up a fantasy crypto trading league to explore the validity of various strategies and their applicability in crypto markets.

So true. Online stock trading costs from 4-10 USD per trade. Absolutely insane Roll Eyes

WompRat

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Day trading in normal stock markets is often made very difficult by a combination of high transaction fees and low volatility. You have to be extremely lucky and be playing with large amounts of money to come out ahead.

Bitcoin day trading is much easier because of the low transaction fees and high volatility. Even if one trade goes bad, you just need a bit of patience to catch up. No matter what strategy you used last year, you would have made money, whether that was Elliot Wave theory or astrology. The only losing move was not to play.

Making money in 2014 could be harder, maybe not. It would be very interesting (at least to me) to set up a fantasy crypto trading league to explore the validity of various strategies and their applicability in crypto markets.

pietje

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If you hold you dont have fiat to buy?
Recovery of the whole gox monday drop is incredible fast, will we continue to 800 in the next days?

surfer43

sr. member

Activity: 560

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"Trading Platform of The Future!"

Quote from: Dalmar on February 10, 2014, 04:00:26 PM

Quote from: Dalmar on February 06, 2014, 03:05:06 PM

Hodlers will get burned:

Such foresight. Cool

Yeah but hodlers didn't get burned... They got 102 USD bitcoins

The sodlers didn't get that opportunity Grin

Dalmar

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Life is short, practice empathy in your life

Quote from: Dalmar on February 06, 2014, 03:05:06 PM

Hodlers will get burned:

Such foresight. Cool

ElectricMucus

legendary

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Marketing manager - GO MP

Quote from: wobber on February 09, 2014, 09:05:16 AM

There are some people that would not sell because they don't have what to do with fiat.

Who? Perhaps you'd prefer linden dollars?

wobber

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Activity: 1064

Merit: 1001

There are some people that would not sell because they don't have what to do with fiat.

surfer43

sr. member

Activity: 560

Merit: 250

"Trading Platform of The Future!"

Quote from: podyx on February 08, 2014, 03:44:22 PM

Quote from: TERA on February 08, 2014, 07:27:17 AM

Quote from: GodHatesFigs on February 08, 2014, 01:13:20 AM

Except that daytrading is idiotic: you can't time the market, and if you think otherwise, you've just been lucky thus far.

See this is the bullcrap I was trying to address in the last bullet of my post. I know hodling is a good strategy but when you start saying that trading is impossible or that traders are dumb then you are going too far. There is no need for this. Just because YOU can't trade doesn't mean it's impossible. In fact bitcoin is the EASIEST asset to trade of any asset, stock, or commodity! There is so much volatility, so many sheep, so many primitive EMA bots, and such a lack of professional market makers that the users of exchanges practically hand you their coins! I have multiplied my coins by 100 in the past year doing trading. Did I do that with luck?

m8, we all know u are lying

theres no point in exaggerating by fucking miles

Bitcoin is so volatile that that would definitely be plausible.

podyx

legendary

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Quote from: TERA on February 08, 2014, 07:27:17 AM

Quote from: GodHatesFigs on February 08, 2014, 01:13:20 AM

Except that daytrading is idiotic: you can't time the market, and if you think otherwise, you've just been lucky thus far.

See this is the bullcrap I was trying to address in the last bullet of my post. I know hodling is a good strategy but when you start saying that trading is impossible or that traders are dumb then you are going too far. There is no need for this. Just because YOU can't trade doesn't mean it's impossible. In fact bitcoin is the EASIEST asset to trade of any asset, stock, or commodity! There is so much volatility, so many sheep, so many primitive EMA bots, and such a lack of professional market makers that the users of exchanges practically hand you their coins! I have multiplied my coins by 100 in the past year doing trading. Did I do that with luck?

m8, we all know u are lying

theres no point in exaggerating by fucking miles

GigaCoin

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Giga

Its time to HOADR

surfer43

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Activity: 560

Merit: 250

"Trading Platform of The Future!"

Quote from: TERA on February 08, 2014, 07:27:17 AM

Quote from: GodHatesFigs on February 08, 2014, 01:13:20 AM

Except that daytrading is idiotic: you can't time the market, and if you think otherwise, you've just been lucky thus far.

See this is the bullcrap I was trying to address in the last bullet of my post. I know hodling is a good strategy but when you start saying that trading is impossible or that traders are dumb then you are going too far. There is no need for this. Just because YOU can't trade doesn't mean it's impossible. In fact bitcoin is the EASIEST asset to trade of any asset, stock, or commodity! There is so much volatility, so many sheep, so many primitive EMA bots, and such a lack of professional market makers that the users of exchanges practically hand you their money! I have multiplied my coins by 100 in the past year doing trading. Did I do that with luck?

Shut up and take my coins!

TERA

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Activity: 728

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Quote from: GodHatesFigs on February 08, 2014, 01:13:20 AM

Except that daytrading is idiotic: you can't time the market, and if you think otherwise, you've just been lucky thus far.

See this is the bullcrap I was trying to address in the last bullet of my post. I know hodling is a good strategy but when you start saying that trading is impossible or that traders are dumb then you are going too far. There is no need for this. Just because YOU can't trade doesn't mean it's impossible. In fact bitcoin is the EASIEST asset to trade of any asset, stock, or commodity! There is so much volatility, so many sheep, so many primitive EMA bots, and such a lack of professional market makers that the users of exchanges practically hand you their coins! I have multiplied my coins by 100 in the past year doing trading. Did I do that with luck?

chessnut

legendary

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Quote from: GodHatesFigs on February 08, 2014, 01:13:20 AM

Except that daytrading is idiotic: you can't time the market, and if you think otherwise, you've just been lucky thus far.

many traders day trade. the successful ones have a backlog winners that statistically proves their capability to trade smaller swings. They are rare and they get paid a lot by banks.
yes you can day trade, but not everyone can day trade.

RyNinDaCleM

legendary

Activity: 2408

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Legen -wait for it- dary

Quote from: GodHatesFigs on February 08, 2014, 01:13:20 AM

Except that daytrading is idiotic: you can't time the market, and if you think otherwise, you've just been lucky thus far.

Yep! Because there is absolutely no skill involved with what we do Roll Eyes

If you don't believe in it, then just go back to the HODL corral.

Bitcoin BEAR

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Quote from: GodHatesFigs on February 08, 2014, 01:13:20 AM

Except that daytrading is idiotic: you can't time the market, and if you think otherwise, you've just been lucky thus far.

Some would say bible thumping is idiotic, but they don't have to say it in every thread

GodHatesFigs

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Except that daytrading is idiotic: you can't time the market, and if you think otherwise, you've just been lucky thus far.

surfer43

sr. member

Activity: 560

Merit: 250

"Trading Platform of The Future!"

Satoshi HODLs all of his 1 million BTC Cool

Topic: HODL - the synonym for I'm out of money but too greedy to sell. (Read 9682 times)