Nobody even knows how to buy Bitcoin yet.
This is the truth. I really don't understand why people see value in applying old methods to something completely new and different.
Topic: milk (Read 1646 times)
What about the Bollinger band? You can't just look at one indicator.
looks like the hype has just started to me. The Bollinger volatility is no where near what is was at the last bubble(which is astounding considering the latest jump). But idc, I am waiting for the long haul
looks like the hype has just started to me. The Bollinger volatility is no where near what is was at the last bubble(which is astounding considering the latest jump). But idc, I am waiting for the long haul
http://www.maynardkeynes.org/keynes-the-speculator.html
Quote
The Deutschmark, which Keynes had bet against, refused to fall. To Keynes’s dismay, the Deutschmark began a three-month rally.
Keynes was wiped out. Whereas in April he had been sitting on net profits of £14,000, by the end of May these had reversed into losses of £13,125. His brokers asked Keynes for £7,000 to keep his account open. A well known, but anonymous, financier provided him with a loan of £5,000. Sales of Keynes’s recently published book The Economic Consequences of Peace had turned out to be healthy and a letter to his publisher asking for an advance elicited a cheque for £1,500.
Keynes was thus able to scrape together the money he needed to continue trading. He had learned a valuable but painful lesson - markets can act perversely in the short-term.
Keynes was wiped out. Whereas in April he had been sitting on net profits of £14,000, by the end of May these had reversed into losses of £13,125. His brokers asked Keynes for £7,000 to keep his account open. A well known, but anonymous, financier provided him with a loan of £5,000. Sales of Keynes’s recently published book The Economic Consequences of Peace had turned out to be healthy and a letter to his publisher asking for an advance elicited a cheque for £1,500.
Keynes was thus able to scrape together the money he needed to continue trading. He had learned a valuable but painful lesson - markets can act perversely in the short-term.
Seems like small amounts, but I guess back then that was a lot.
Are there any books full of these quotes?
Adjusted for inflation, using 2013 values that sentence would probably look something like:
April he had been sitting on net profits of £158,658, by the end of May these had reversed into losses of £148,742
That's a loss of a bit more than £307,000 in less than 2 months.
http://www.maynardkeynes.org/keynes-the-speculator.html
Quote
The Deutschmark, which Keynes had bet against, refused to fall. To Keynes’s dismay, the Deutschmark began a three-month rally.
Keynes was wiped out. Whereas in April he had been sitting on net profits of £14,000, by the end of May these had reversed into losses of £13,125. His brokers asked Keynes for £7,000 to keep his account open. A well known, but anonymous, financier provided him with a loan of £5,000. Sales of Keynes’s recently published book The Economic Consequences of Peace had turned out to be healthy and a letter to his publisher asking for an advance elicited a cheque for £1,500.
Keynes was thus able to scrape together the money he needed to continue trading. He had learned a valuable but painful lesson - markets can act perversely in the short-term.
Keynes was wiped out. Whereas in April he had been sitting on net profits of £14,000, by the end of May these had reversed into losses of £13,125. His brokers asked Keynes for £7,000 to keep his account open. A well known, but anonymous, financier provided him with a loan of £5,000. Sales of Keynes’s recently published book The Economic Consequences of Peace had turned out to be healthy and a letter to his publisher asking for an advance elicited a cheque for £1,500.
Keynes was thus able to scrape together the money he needed to continue trading. He had learned a valuable but painful lesson - markets can act perversely in the short-term.
Seems like small amounts, but I guess back then that was a lot.
Are there any books full of these quotes?
Two other quotes I like are:
"The market can stay irrational longer than you can stay solvent" (basically a warning about either trying to catch bottoms in downtrends, or short tops in uptrends)
"The first rule of investing is, protect capital. The second rule of investing is, don't forget about the first rule."
Not sure if these are from Warren Buffet. One or both might be from William O'Neil. And the second may be more of a paraphrase.
"The market can stay irrational longer than you can stay solvent" (basically a warning about either trying to catch bottoms in downtrends, or short tops in uptrends)
"The first rule of investing is, protect capital. The second rule of investing is, don't forget about the first rule."
Not sure if these are from Warren Buffet. One or both might be from William O'Neil. And the second may be more of a paraphrase.
The first quote if from Keynes. He said it in 1920 after getting wiped out by going short on the Deutschmark which he was certain was over-valued. When going long, your risk is limited to the amount you purchase, when going short there is no limit to the risk, the market can just keep going up until a margin call or some other requirement bankrupts you.
http://www.maynardkeynes.org/keynes-the-speculator.html
Quote
The Deutschmark, which Keynes had bet against, refused to fall. To Keynes’s dismay, the Deutschmark began a three-month rally.
Keynes was wiped out. Whereas in April he had been sitting on net profits of £14,000, by the end of May these had reversed into losses of £13,125. His brokers asked Keynes for £7,000 to keep his account open. A well known, but anonymous, financier provided him with a loan of £5,000. Sales of Keynes’s recently published book The Economic Consequences of Peace had turned out to be healthy and a letter to his publisher asking for an advance elicited a cheque for £1,500.
Keynes was thus able to scrape together the money he needed to continue trading. He had learned a valuable but painful lesson - markets can act perversely in the short-term.
Keynes was wiped out. Whereas in April he had been sitting on net profits of £14,000, by the end of May these had reversed into losses of £13,125. His brokers asked Keynes for £7,000 to keep his account open. A well known, but anonymous, financier provided him with a loan of £5,000. Sales of Keynes’s recently published book The Economic Consequences of Peace had turned out to be healthy and a letter to his publisher asking for an advance elicited a cheque for £1,500.
Keynes was thus able to scrape together the money he needed to continue trading. He had learned a valuable but painful lesson - markets can act perversely in the short-term.
Two other quotes I like are:
"The market can stay irrational longer than you can stay solvent" (basically a warning about either trying to catch bottoms in downtrends, or short tops in uptrends)
"The first rule of investing is, protect capital. The second rule of investing is, don't forget about the first rule."
Not sure if these are from Warren Buffet. One or both might be from William O'Neil. And the second may be more of a paraphrase.
"The market can stay irrational longer than you can stay solvent" (basically a warning about either trying to catch bottoms in downtrends, or short tops in uptrends)
"The first rule of investing is, protect capital. The second rule of investing is, don't forget about the first rule."
Not sure if these are from Warren Buffet. One or both might be from William O'Neil. And the second may be more of a paraphrase.
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