I Just Made My First Trade | Bitcointalksearch.org

dalexc

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Quote from: BittBurger on December 02, 2013, 03:41:23 AM

Quote from: dalexc on November 29, 2013, 09:19:24 AM

I've experienced subprime mortgage, been a student of The Great Depression, Savings and Loans, Crash of 1987 and the Internet Bubble. Yes I know my finance very very well thank you, and the one major characteristic that they all have is irrational exuberance from their supporters.

When are you know-it-all finance turds going to realize that your "vast" financial experience doesn't amount to a hill of beans with Bitcoin? Your knowledge of the great depression and the internet boom is utterly irrelevant. Bitcoin is something completely new. I have yet to see a single "financial expert" make a single accurate prediction about what Bitcoin prices will do. Not once! Yet you all continue to speak smugly about your knowledge of "all things" finance, and make your silly predictions. You may know stocks very well, but Bitcoin is a whole different beast. It is a stock, a commodity, a bond, a medium of exchange, an investment all rolled into one. What experience do you have with something like that? None. Most importantly? Bitcoin has a potential "human market cap" of 7 billion people. How many company stocks go worldwide-viral at this speed, with that much potential usership? None. You - just like the rest of us here - have *zero* experience to draw upon when it comes to making predictions. We are all just now learning how Bitcoin moves and acts. The only significant information / analysis you can provide for making future predictions on Bitcoin, is from an analysis of Bitcoin behavior thus far.

-Burger-

To keep it simple:

My point finance is my bread and butter and more importantly technical analysis. It doesn't matter if it's a stock, a commodity, a currency pair; it's the same thing. There's a reason why I have been successful trader; A trades operates through the same concepts: fear and greed.

Happy trading.

P.S. As predicted, there was a pullback to $850 and looks like there is strength gathering to the upside. Should be testing new highs soon.

bitleif

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I'm always grumpy in the morning.

Quote from: BittBurger on December 02, 2013, 03:41:23 AM

When are you know-it-all finance turds going to realize that your "vast" financial experience doesn't amount to a hill of beans with Bitcoin? Your knowledge of the great depression and the internet boom is utterly irrelevant. Bitcoin is something completely new. I have yet to see a single "financial expert" make a single accurate prediction about what Bitcoin prices will do. Not once! Yet you all continue to speak smugly about your knowledge of "all things" finance, and make your silly predictions. You may know stocks very well, but Bitcoin is a whole different beast. It is a stock, a commodity, a bond, a medium of exchange, an investment all rolled into one. What experience do you have with something like that? None. Most importantly? Bitcoin has a potential "human market cap" of 7 billion people. How many company stocks go worldwide-viral at this speed, with that much potential usership? None. You - just like the rest of us here - have *zero* experience to draw upon when it comes to making predictions. We are all just now learning how Bitcoin moves and acts. The only significant information / analysis you can provide for making future predictions on Bitcoin, is from an analysis of Bitcoin behavior thus far.

I lolled.

Actually I agree with you 100% on the long term. But human nature is the same whether it applies to bitcoins, stocks in the 1920s or flipping houses in the 2000s. And that means bubbles - this wasn't the first and it won't be the last Bitcoin bubble. The general trend is upwards though, so just be happy and enjoy the show.

BittBurger

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Quote from: dalexc on November 29, 2013, 09:19:24 AM

I've experienced subprime mortgage, been a student of The Great Depression, Savings and Loans, Crash of 1987 and the Internet Bubble. Yes I know my finance very very well thank you, and the one major characteristic that they all have is irrational exuberance from their supporters.

When are you know-it-all finance turds going to realize that your "vast" financial experience doesn't amount to a hill of beans with Bitcoin? Your knowledge of the great depression and the internet boom is utterly irrelevant. Bitcoin is something completely new. I have yet to see a single "financial expert" make a single accurate prediction about what Bitcoin prices will do. Not once! Yet you all continue to speak smugly about your knowledge of "all things" finance, and make your silly predictions. You may know stocks very well, but Bitcoin is a whole different beast. It is a stock, a commodity, a bond, a medium of exchange, an investment all rolled into one. What experience do you have with something like that? None. Most importantly? Bitcoin has a potential "human market cap" of 7 billion people. How many company stocks go worldwide-viral at this speed, with that much potential usership? None. You - just like the rest of us here - have *zero* experience to draw upon when it comes to making predictions. We are all just now learning how Bitcoin moves and acts. The only significant information / analysis you can provide for making future predictions on Bitcoin, is from an analysis of Bitcoin behavior thus far.

-Burger-

dalexc

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Activity: 195

Merit: 10

Pulled out at $1040 earlier yesterday.

The past three days a classic reversal sign has formed called the evening star. A long green candle stick up, followed by a doji (a small candlestick with no upward or downward bias) then a long red candle stick. All of this conclusive that a pullback at the very least is coming and a crash at worst.

Pullback expectation to $800

Crash expectation to $400 or lower

Good luck to all traders.

Siegfried

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Activity: 266

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Quote from: ajax3592 on November 29, 2013, 09:32:14 AM

Quote from: Siegfried on November 29, 2013, 02:29:54 AM

Quote from: ajax3592 on November 29, 2013, 01:53:31 AM

Which exchange do you use OP?

I used BTC-e.com for the aforementioned trade.

So how fast was the -
1) verfication process
2) time taken to transfer the BTC to your non-btce wallet once order was placed

There was no verification process. I was able to register and deposit litecoins within 5 minutes. But I have still not withdrawn my litecoins and bitcoins because there is a 3 day waiting period for new accounts before you can do so.

*update - I have successfully withdrawn my bitcoins.

dalexc

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Activity: 195

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Quote from: piramida on November 29, 2013, 04:24:02 PM

Quote from: dalexc on November 29, 2013, 09:19:24 AM

Do I know the exact day, hour or candlestick that is going to be the ultimate signal? No, no one does, but I'm conscious enough that it is coming, I suggest you be too.

Nobody argues; windjc rightfully notices that the time is not now. It may be soon, but now is the bull market buffet. If the price surges 20+% in a day across all exchanges - now, that may be a sign.

Absolutely. Of course I trade accordingly which is why I rescind my suggestion of pulling back.

See the difference between me and most other traders; I don't have an ego. The lack of one helped me to make a lot of money in the past.

Happy trading.

piramida

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Borsche

Quote from: dalexc on November 29, 2013, 09:19:24 AM

Do I know the exact day, hour or candlestick that is going to be the ultimate signal? No, no one does, but I'm conscious enough that it is coming, I suggest you be too.

Nobody argues; windjc rightfully notices that the time is not now. It may be soon, but now is the bull market buffet. If the price surges 20+% in a day across all exchanges - now, that may be a sign.

ajax3592

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Crypto News & Tutorials - Coinramble.com

Quote from: Siegfried on November 29, 2013, 02:29:54 AM

Quote from: ajax3592 on November 29, 2013, 01:53:31 AM

Which exchange do you use OP?

I used BTC-e.com for the aforementioned trade.

So how fast was the -
1) verfication process
2) time taken to transfer the BTC to your non-btce wallet once order was placed

dalexc

member

Activity: 195

Merit: 10

Quote from: windjc on November 29, 2013, 02:33:18 AM

Quote from: dalexc on November 28, 2013, 07:52:29 PM

Personally, I think we are overdue for a huge correction and perhaps you may want to consider taking profits and waiting a few days. There was a strong pullback from 1200 to 1075 on MtGox charts and unless we can manage to get back up to that 1200 level, expect 400ish soon.

Expect $400ish soon?

I'M SORRY, didn't we just correct to $400 10 days ago???

And now you are predicting we are going right back there? Hmmm. Ok.

Maybe we see $400 again. But not unless we fly up a lot harder first. We just spent several days consolidating before breaking out over $1000. Were you here for that. The market is not in parabolic mode. Its in growth mode because lots of new fiat has been hitting the exchanges from all over the world. In case you didn't get the memo.

Yes I was here for $400. Also here for $200 as well as the Silk Road incident which allowed me to get in for as low $85.

I've been here all along.

Not only here, but I've experienced subprime mortgage, been a student of The Great Depression, Savings and Loans, Crash of 1987 and the Internet Bubble. Yes I know my finance very very well thank you, and the one major characteristic that they all have is irrational exuberance from their supporters. Once the element of greed takes over and all objectivity is lost, that is when people need to become more concern, not indulgent. Bitcoin still has ways to go I agree, but for anyone to say that this move over the pass month or so is not a parabolic, either is completely blinded by the euphoria or completely ignorant. Do I know the exact day, hour or candlestick that is going to be the ultimate signal? No, no one does, but I'm conscious enough that it is coming, I suggest you be too.

Happy trading.

windjc

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Quote from: dalexc on November 28, 2013, 07:52:29 PM

Personally, I think we are overdue for a huge correction and perhaps you may want to consider taking profits and waiting a few days. There was a strong pullback from 1200 to 1075 on MtGox charts and unless we can manage to get back up to that 1200 level, expect 400ish soon.

Expect $400ish soon?

I'M SORRY, didn't we just correct to $400 10 days ago???

And now you are predicting we are going right back there? Hmmm. Ok.

Maybe we see $400 again. But not unless we fly up a lot harder first. We just spent several days consolidating before breaking out over $1000. Were you here for that. The market is not in parabolic mode. Its in growth mode because lots of new fiat has been hitting the exchanges from all over the world. In case you didn't get the memo.

Siegfried

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Activity: 266

Merit: 250

Quote from: piramida on November 29, 2013, 01:57:33 AM

Quote from: Siegfried on November 28, 2013, 07:47:08 PM

I had bought litecoin when it was worth about 2 dollars, so with the recent explosion in price, I decided to secure some profit by selling 450 litecoin for bitcoin at 0.044 btc/ltc. Then I put in an order to buy back 460 litecoin at 0.040 btc/ltc, which got filled last night. So now I am up 10 ltc and 1.7 btc. I feel really good about this, so I feel like I might try something like this again if my intuition tells me there is a good opportunity. However, my rational analysis told me a few months ago that buy and hold is the best strategy, which I followed until yesterday. I know that if I try another trade like that again I could lose. Any thoughts or suggestions?

it is easy when the price goes in one direction (up), you will start losing when you bet on one direction and it goes in another

you will panic and lose even more. so it will end badly.

That's why I will probably just continue to buy and hold.

Siegfried

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Quote from: ajax3592 on November 29, 2013, 01:53:31 AM

Which exchange do you use OP?

I used BTC-e.com for the aforementioned trade.

piramida

legendary

Activity: 1176

Merit: 1010

Borsche

Quote from: Siegfried on November 28, 2013, 07:47:08 PM

I had bought litecoin when it was worth about 2 dollars, so with the recent explosion in price, I decided to secure some profit by selling 450 litecoin for bitcoin at 0.044 btc/ltc. Then I put in an order to buy back 460 litecoin at 0.040 btc/ltc, which got filled last night. So now I am up 10 ltc and 1.7 btc. I feel really good about this, so I feel like I might try something like this again if my intuition tells me there is a good opportunity. However, my rational analysis told me a few months ago that buy and hold is the best strategy, which I followed until yesterday. I know that if I try another trade like that again I could lose. Any thoughts or suggestions?

it is easy when the price goes in one direction (up), you will start losing when you bet on one direction and it goes in another

you will panic and lose even more. so it will end badly.

ajax3592

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Crypto News & Tutorials - Coinramble.com

Which exchange do you use OP?

dalexc

member

Activity: 195

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Quote from: Siegfried on November 28, 2013, 07:56:42 PM

Quote from: dalexc on November 28, 2013, 07:52:29 PM

Personally, I think we are overdue for a huge correction and perhaps you may want to consider taking profits and waiting a few days. There was a strong pullback from 1200 to 1075 on MtGox charts and unless we can manage to get back up to that 1200 level, expect 400ish soon.

I am still convinced that trading between crypto and fiat is not a good idea for me. I would love a huge correction to 400 so I can buy more, but I would not sell for fiat now because I think the price could just as easily rise to 2000. But the idea of trading between bitcoin and litecoin does seem less risky to me.

To each his own. That's the beauty of the market; complete autonomy. Good luck.

Siegfried

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Activity: 266

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Quote from: dalexc on November 28, 2013, 07:52:29 PM

Personally, I think we are overdue for a huge correction and perhaps you may want to consider taking profits and waiting a few days. There was a strong pullback from 1200 to 1075 on MtGox charts and unless we can manage to get back up to that 1200 level, expect 400ish soon.

I am still convinced that trading between crypto and fiat is not a good idea for me. I would love a huge correction to 400 so I can buy more, but I would not sell for fiat now because I think the price could just as easily rise to 2000. But the idea of trading between bitcoin and litecoin does seem less risky to me.

dalexc

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Activity: 195

Merit: 10

Personally, I think we are overdue for a huge correction and perhaps you may want to consider taking profits and waiting a few days. There was a strong pullback from 1200 to 1075 on MtGox charts and unless we can manage to get back up to that 1200 level, expect 400ish soon.

Siegfried

sr. member

Activity: 266

Merit: 250

I had bought litecoin when it was worth about 2 dollars, so with the recent explosion in price, I decided to secure some profit by selling 450 litecoin for bitcoin at 0.044 btc/ltc. Then I put in an order to buy back 460 litecoin at 0.040 btc/ltc, which got filled last night. So now I am up 10 ltc and 1.7 btc. I feel really good about this, so I feel like I might try something like this again if my intuition tells me there is a good opportunity. However, my rational analysis told me a few months ago that buy and hold is the best strategy, which I followed until yesterday. I know that if I try another trade like that again I could lose. Any thoughts or suggestions?

Topic: I Just Made My First Trade (Read 1963 times)