Topic: Let us take a moment to laugh at the BTC day traders. (Read 8531 times)
We have to laugh..... the only way forward
I'm curious about this profession; what does day trading provide to society?
Skilled patient people make money from fools.
Then they spend it in ways that help "society".
I laugh at the day traders who buy and sell stuff on Ebay.
Haha suckers, the price of your clock you sold me went up over the past 5 years! You're probably broke by now.
Haha suckers, the price of your clock you sold me went up over the past 5 years! You're probably broke by now.
I only laugh when a "successful" trader doubles, triples, quadruples his money but looses all when exchange decides it's time to retire.
See the MtGox historical trading graphs for individual accounts.
This is why my strategies involve an allocation of cold storage, and large periodic cash withdrawals. See the MtGox historical trading graphs for individual accounts.
You can actually trade while having most of your coins in cold storage by shorting on bfx.
I only laugh when a "successful" trader doubles, triples, quadruples his money but looses all when exchange decides it's time to retire.
See the MtGox historical trading graphs for individual accounts.
See the MtGox historical trading graphs for individual accounts.
I'm sure many traders made money and many more traders lost money that is the usual if you ask me the hurd will run off the cliff and those that stopped and looked ahead lived to tell the tale. 
Why would there EVER be losses? Just wait it out....eventually the price will be either less or more and in the direction that favours your buy/sell. Only the panicking idiots lose $$.
The majority of BTC day traders are out to make a quick buck.
If they see BTC plummeting they frequently "cut their losses."
The ones that did well are likely to brag here.
Those who lost via mt.gox or didn't do well are unlikely to make any comment on this thread(most of them probably.) For every day trader that did well there were probably a few that lost that same money.
"Let us take a moment to laugh at the BTC day traders"
Funny how day traders in this thread only mention the wins, not the losses. Or I suppose they expect us to believe they suffered no losses? maybe they have selective memories?
Why would there EVER be losses? Just wait it out....eventually the price will be either less or more and in the direction that favours your buy/sell. Only the panicking idiots lose $$.
Bitcoin thanks you for adding to its volatility, and helping ruin its reputation with investors who might take it to another level of worldwide adoption because they are concerned about its instability.
As I've asked you before, could you explain to us, how exactly providing liquidity to the market adds to volatility? Thought experiment: Remove traders from the equation. What do the order books look like then? And we're the ones adding to volatility?
As per usual, feel free to continue dishing out insults while refusing to acknowledge reality.
Apparently, if there were no traders (read no sellers), then the price could only go up and the hodlers will make more money! This money will be made at the expense of the newer people coming in and buying up the price. So how is that any different? HODLers are speculators that already made their speculative move. They bought with the expectation of higher prices in the future, though they wait a longer time frame. They're "yeartraders"! So now I ask, why do any of the non-selling HODLers even come into this sub-forum? They already did their speculating. There is nothing left for them in here.
Good point, perhaps some hodlers are closet traders. Maybe others have selective memories and quickly forget about those occasional sells. One thing is for sure, don't believe a word you read on this forum.
Bitcoin thanks you for adding to its volatility, and helping ruin its reputation with investors who might take it to another level of worldwide adoption because they are concerned about its instability.
As I've asked you before, could you explain to us, how exactly providing liquidity to the market adds to volatility? Thought experiment: Remove traders from the equation. What do the order books look like then? And we're the ones adding to volatility?
As per usual, feel free to continue dishing out insults while refusing to acknowledge reality.
Apparently, if there were no traders (read no sellers), then the price could only go up and the hodlers will make more money! This money will be made at the expense of the newer people coming in and buying up the price. So how is that any different? HODLers are speculators that already made their speculative move. They bought with the expectation of higher prices in the future, though they wait a longer time frame. They're "yeartraders"! So now I ask, why do any of the non-selling HODLers even come into this sub-forum? They already did their speculating. There is nothing left for them in here.
Bitcoin thanks you for adding to its volatility, and helping ruin its reputation with investors who might take it to another level of worldwide adoption because they are concerned about its instability.
As I've asked you before, could you explain to us, how exactly providing liquidity to the market adds to volatility? Thought experiment: Remove traders from the equation. What do the order books look like then? And we're the ones adding to volatility?
As per usual, feel free to continue dishing out insults while refusing to acknowledge reality.
lol @ everyone flaming "greedy" traders who "only care about making money" when the only reason they're holding is to see their BTC value increase.
Funny how day traders in this thread only mention the wins, not the losses. Or I suppose they expect us to believe they suffered no losses? maybe they have selective memories?
I only "leeched" money against other players in the same game to make profit. We bet against eachother, it was fair, and they lost.
Nothing wrong with that at all.
However, at least in stock trading, it was shown that 70-90% of day traders lose money and only 1-5% are predictably profitable.
In addition, multiple studies have shown that the more you trade, the faster you lose the money.
It has been shown that accounts that are involved in active day trading typically end up losing practically all capital in ~6mo.
I am buying in smaller chunks for the long term holding.
2014 is the year to make a lot of money (fiat), then buy BTC or mine it (whichever is your preference).
2015-2016 is when BTC will hit the full stride (unless another MtGox will mess it up).
Bitcoin thanks you for adding to its volatility, and helping ruin its reputation with investors who might take it to another level of worldwide adoption because they are concerned about its instability.
You're totally an asset to this community, and the long term success of Bitcoin.
(sarcasm).
But hey! At least you made some quick bucks for yourself right? (thereby proving everything written about day traders by everybody on Page 1 of this thread)
-B-
You're totally an asset to this community, and the long term success of Bitcoin.
(sarcasm).
But hey! At least you made some quick bucks for yourself right? (thereby proving everything written about day traders by everybody on Page 1 of this thread)
-B-
do you not realize that trillions of dollars worth of trades are made each and every day in the currency exchange markets of the world? the difference with bitcoin is, it's still small and there's no central bank to keep things in check. the value of the dollar is always changing relative to other currencies, you just don't notice it on a daily basis... that's why we have central banks...
so you can't promote the decentralization of bitcoin and at the same time complain about price volatility caused by currency trading. doing so indicates that you don't understand how bitcoin or currencies in general work and you're just in this to HODL and get rich quick.
I only "leeched" money against other players in the same game to make profit. We bet against eachother, it was fair, and they lost. They wanted to take my money too. "real" bitcoiners who are here to support bitcoin don't speculate and trade to make a profit. In fact, "supporting bitcoin" doesn't consist of any kind of investing or trading activity. "Investing" in bitcoin doesn't really help bitcoin because it doesn't increase the liquidity in the markets at all - it only raises the price while increasing scarcity which makes the currency just as hard to use by merchants because the same sale will cause the same percentage swing - everything cancels out. So what is someone who is really supporting bitcoin? Well they are people writing code and increasing the economy by getting more merchants involved, integrating bitcoin into platforms, and doing marketing. I intend to do all of these things myself, and have always actively promoted bitcoin to my friends and family.
How about you sour lames relax and take a moment to take care of yourselves? Let others do what they want, but hey if you need a mob mentality to get you through your days then do your thing. See how no one cares about what you do? That's how it should be, take some time to think about that.
Sour lames is awesome, quoting to remember.
What world you would like to live in:
1) where you give/help something to someone but at the same time 10 other people are giving something to you when you need help or
2) where you care only for yourselve and 10 other people at the same time are stealing something from you or refusing to help you because they also care only for themselves?
You are proud from yourselves because some of you earned money trading bitcoin but the truth is you leeched that money from fellow bitcoiners who had less luck to predict the price. Almost whole world is against us because they don't like big changes and you want to fight also with each other...
1) where you give/help something to someone but at the same time 10 other people are giving something to you when you need help or
2) where you care only for yourselve and 10 other people at the same time are stealing something from you or refusing to help you because they also care only for themselves?
You are proud from yourselves because some of you earned money trading bitcoin but the truth is you leeched that money from fellow bitcoiners who had less luck to predict the price. Almost whole world is against us because they don't like big changes and you want to fight also with each other...
How about you sour lames relax and take a moment to take care of yourselves? Let others do what they want, but hey if you need a mob mentality to get you through your days then do your thing. See how no one cares about what you do? That's how it should be, take some time to think about that.
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