If your investment looked like this... - page 2.

waterpile

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Quote from: jwcastle on January 16, 2015, 08:41:38 PM

Quote from: odolvlobo on January 16, 2015, 06:16:58 PM

Charts tell you nothing. The value of an investment depends on it future value. It's past value is irrelevant.

Every stock market and exchange in the world use historical charts. They use sophisticated analysis software to predict how the market will behave. Are they all wrong?

those sophistaced analysis can't predict accidents that causes crashes. Thats why most traders uses present current events and news to preditc the value

odolvlobo

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Quote from: jwcastle on January 16, 2015, 08:41:38 PM

Quote from: odolvlobo on January 16, 2015, 06:16:58 PM

Charts tell you nothing. The value of an investment depends on it future value. It's past value is irrelevant.

Every stock market and exchange in the world use historical charts. They use sophisticated analysis software to predict how the market will behave. Are they all wrong?

In short, yes.

I can tell by the words you use that you are an investing newbie. Here is my advice to you: Investors make money because they learn, they do research, and they uncover opportunities. There is no magic formula. There is no secret system. People that believe that they can predict the future by looking at charts are nothing more than financial astrologers. Technical Analysis pretends to be a science, but the truth is that it is based on fantasy and superstition, and it is supported only by confirmation bias.

jwcastle

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Quote from: odolvlobo on January 16, 2015, 06:16:58 PM

Charts tell you nothing. The value of an investment depends on it future value. It's past value is irrelevant.

Every stock market and exchange in the world use historical charts. They use sophisticated analysis software to predict how the market will behave. Are they all wrong?

odolvlobo

legendary

Activity: 4466

Merit: 3391

Charts tell you nothing. The value of an investment depends on it future value. It's past value is irrelevant.

Q7

sr. member

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Merit: 250

I continue to hold and because i believe in its future i still make small purchases. Why small amount? Because at this point you still can't determine at what level it will drop to before it finally changes direction

kpitti

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I will definitely keep my BTC. If I would have free money I will buy some ... may be next days. I can wait with selling.

Meuh6879

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Quote from: jwcastle on January 16, 2015, 05:27:27 AM

If your investment looked like this chart in the last 180 days, what would you do?

I prefer this chart ...

dothebeats

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Cashback 15%

I'm a little bit worried to the price, though, but selling at a loss is a bit dumb. So i'll just hold and wait for what's in store for btc. Buying is not an option for me now but seeing those cheap coins tempts me to.

bearbear

newbie

Activity: 55

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You never buy on that kind of trend, believe me , despite what bull may think, you will have plenty of time to buy when it will start to rise again. And it won't go high all of sudden. Just watch it going down.

spazzdla

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Quote from: Mirsad on January 16, 2015, 11:38:25 AM

Quote from: spazzdla on January 16, 2015, 11:36:24 AM

I have been buying and repositioning my average buy price.

Where's your god now?

You just pumped fiat in a ponzi. Good job. But reducing your average buy in price of a worthless asset won't help you buy food in the future. Good luck living on food stamps.

I am very well diversified with zero debt. I doubt it.

Mirsad

full member

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Bitcoin - love & hate

Quote from: spazzdla on January 16, 2015, 11:36:24 AM

I have been buying and repositioning my average buy price.

Where's your god now?

You just pumped fiat in a ponzi. Good job. But reducing your average buy in price of a worthless asset won't help you buy food in the future. Good luck living on food stamps.

spazzdla

legendary

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I have been buying and repositioning my average buy price.

Where's your god now?

waterpile

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Activity: 602

Merit: 500

Quote from: dinofelis on January 16, 2015, 07:23:07 AM

Past price is no indication for future price in a perfect market.
Investment decisions are based upon an analysis of fundamentals as compared to the current market price, and the belief that you know better than the market (if not, the market has already calculated the best possible price including all future benefits).

best post i have read so far.

Snow Trader

newbie

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Quote from: 1Referee on January 16, 2015, 09:39:07 AM

Quote from: bitbunnny on January 16, 2015, 09:01:42 AM

Looks like everyone is broke, nobody is buying...

What are you looking at?

A lot people have already bought and will buy more when they gain confidence to do so.

But the most funny thing is... Many people will start with buying once they see the price is going up.

For them that's the sort of confidence that they need Cheesy

It's wobbling back and forth for awhile now I wonder whats causing that a lot of buy and sell orders?

1Referee

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Quote from: bitbunnny on January 16, 2015, 09:01:42 AM

Looks like everyone is broke, nobody is buying...

What are you looking at?

A lot people have already bought and will buy more when they gain confidence to do so.

But the most funny thing is... Many people will start with buying once they see the price is going up.

For them that's the sort of confidence that they need Cheesy

LuckyBtc

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Quote from: jwcastle on January 16, 2015, 07:35:29 AM

The answer everyone should be asking is "Why aren't you buying more BTC at the current low price?"

If you bought 1 BTC at $700 six months ago and you refuse to take a loss, then you have to wait until it gets to above $700 before you make a profit.
At the current price, you can buy 1 BTC for $200, and to make a profit, it only has to go above $450. That would be a lot more likely than reaching $700.
If you bought 10 BTC today for $2000, you'd start making a profit at $245.

My question to everyone who is holding, why aren't you buying more today? (besides being broke)

I guess they're thinking i'll go down even more like $100.(I don't think i'll go down there)

bitbunnny

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WOLF.BET - Provably Fair Crypto Casino

Looks like everyone is broke, nobody is buying...

jwcastle

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The question everyone should be asking is "Why aren't you buying more BTC at the current low price?"

If you bought 1 BTC at $700 six months ago and you refuse to take a loss, then you have to wait until it gets to above $700 before you make a profit.
At the current price, you can buy 1 BTC for $200, and to make a profit, it only has to go above $450. That would be a lot more likely than reaching $700.
If you bought 10 BTC today for $2000, you'd start making a profit at $245.

My question to everyone who is holding, why aren't you buying more today? (besides being broke)

dinofelis

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Quote from: jwcastle on January 16, 2015, 05:27:27 AM

If your investment looked like this chart in the last 180 days, what would you do?

Are you still going to hold? If you do hold, why haven't you bought more? After all, if you are holding, that means you believe that BTC is going to the moon. And if you believe that, you should buy more, a lot more, while the price is low.

Past price is no indication for future price in a perfect market.
Investment decisions are based upon an analysis of fundamentals as compared to the current market price, and the belief that you know better than the market (if not, the market has already calculated the best possible price including all future benefits).

sandykho47

sr. member

Activity: 252

Merit: 251

Knowledge its everything

How about sell at high price & buy at low price
This will be better choice than just sell / hold

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