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MMXIV

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Quote from: RJX on January 15, 2015, 06:01:39 AM

Quote from: unusualfacts30 on January 15, 2015, 05:38:17 AM

and how do you expect good timing without monitoring the market and knowing which coin is doing what?

you can't.

Call it whatever you want but this is not the first time I've done it so it's not just "right timing" or luck.

Hey that's great and if you keep doing it like this, like I said: Lots of pennies make for a buck.

Stepping over dollars to pick up pennies is not a valid trading strategy

RJX

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Quote from: unusualfacts30 on January 15, 2015, 05:38:17 AM

and how do you expect good timing without monitoring the market and knowing which coin is doing what?

you can't.

Call it whatever you want but this is not the first time I've done it so it's not just "right timing" or luck.

Hey that's great and if you keep doing it like this, like I said: Lots of pennies make for a buck.

2dogs

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Quote from: Mortimer452 on January 15, 2015, 01:10:10 AM

A story about Fred, the MMXIV Prospector

I already mentioned Fred in the Maieuticoin ANN thread but figured this deserved its own separate thread to discuss. Let's analyze his situation a little further.

Fred is imaginary, but this situation is not hypothetical, this is fact based on real numbers. The chart below is based on actual BTC/USD values taken from the Winkdex and actual BTC/MMXIV daily highs from Bittrex:

BLUE line indicates BTC/USD value expressed in $USD
RED line indicates size of MMXIV wallet expressed in MMXIV
GREEN line indicates $USD value of MMXIV wallet

Fred purchased 20 MMXIV from Bittrex on Dec 14, 2014 at a price of 0.019 BTC per MMXIV. The $USD value of his MMXIV at that time was $134.01 and the BTCBTC value of his wallet was 0.38 BTC. He immediately transferred these MMXIV to his personal wallet and began staking.

Based on MMXIV's 2014% annual interest rate, compounded daily, by January 14, 2015 his wallet now contains 90.76 MMXIV, more than quadruple the coins he started with. His ending MMXIV $USD wallet value is $263.97 or BTC1.34

The price of BTC/MMXIV dropped by 22.17%
The price of BTC/USD dropped by 44.23%
The $USD value of Fred's MMXIV wallet increased by 96.98% from $134.01 to $263.97
The BTCBTC value of Fred's MMXIV wallet increased by 253.18% from 0.38 BTC to 1.34 BTC

One month. Despite price drop of MMXIV/BTC. Despite BTC value almost cut in half. Almost double return on investment.

If you doubt any of this, the raw data used to perform these calculations can be found here

Tried accessing that raw data you linked, but I got an error message:

The address isn't valid

The URL is not valid and cannot be loaded.

unusualfacts30

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Quote from: RJX on January 15, 2015, 05:24:20 AM

Quote from: unusualfacts30 on January 15, 2015, 03:50:06 AM

Quote from: iGotSpots on January 15, 2015, 02:09:12 AM

Getting lucky and buying into a pump you have nothing to do with does not make you a good trader

You have to know when it's right time to buy during pump so yes it does make you a good trader whether you believe it or not.

He's right you know. Your last awnser kinda underlines it. To know when to buy during a pump is equivalent to knowing too late. You may catch the tail or even stumble right into it, but that's lucky timing rather than knowing what you're doing. You know coins get pumped and waiting for it to happen doesnt make for a good trader. Buying in when it's allready started is beginner trader behaviour: safe bets as far as you can grasp, since up is good right?

Your timing was right but that was it.

Congrats on the profit nonetheless but as he said, it's pennies. Lots of pennies do make for a buck so there's that.

Don't get cocky or you'll lose it all.

and how do you expect good timing without monitoring the market and knowing which coin is doing what?

you can't.

Call it whatever you want but this is not the first time I've done it so it's not just "right timing" or luck.

RJX

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Quote from: unusualfacts30 on January 15, 2015, 03:50:06 AM

Quote from: iGotSpots on January 15, 2015, 02:09:12 AM

Getting lucky and buying into a pump you have nothing to do with does not make you a good trader

You have to know when it's right time to buy during pump so yes it does make you a good trader whether you believe it or not.

He's right you know. Your last awnser kinda underlines it. To know when to buy during a pump is equivalent to knowing too late. You may catch the tail or even stumble right into it, but that's lucky timing rather than knowing what you're doing. You know coins get pumped and waiting for it to happen doesnt make for a good trader. Buying in when it's allready started is beginner trader behaviour: safe bets as far as you can grasp, since up is good right?

Your timing was right but that was it.

Congrats on the profit nonetheless but as he said, it's pennies. Lots of pennies do make for a buck so there's that.

Don't get cocky or you'll lose it all.

unusualfacts30

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Quote from: iGotSpots on January 15, 2015, 02:09:12 AM

Quote from: unusualfacts30 on January 15, 2015, 01:59:19 AM

Quote from: iGotSpots on January 15, 2015, 01:55:22 AM

Quote from: unusualfacts30 on January 15, 2015, 01:54:30 AM

Quote from: iGotSpots on January 15, 2015, 01:45:18 AM

Quote from: unusualfacts30 on January 15, 2015, 01:17:45 AM

I don't know what it does but it made me profit on 9th.

Notice how I didn't even sell full amount and notice the difference between buy & sell price.

tfw

350% profit within 3 minutes

Pennies. Expect it more often

fck off

Bragging about .02 BTC lol

350% profit within a minute is extremely good in most traders book. May be you know something I don't.

Getting lucky and buying into a pump you have nothing to do with does not make you a good trader

You have to know when it's right time to buy during pump so yes it does make you a good trader whether you believe it or not.

iGotSpots

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Quote from: unusualfacts30 on January 15, 2015, 01:59:19 AM

Quote from: iGotSpots on January 15, 2015, 01:55:22 AM

Quote from: unusualfacts30 on January 15, 2015, 01:54:30 AM

Quote from: iGotSpots on January 15, 2015, 01:45:18 AM

Quote from: unusualfacts30 on January 15, 2015, 01:17:45 AM

I don't know what it does but it made me profit on 9th.

Notice how I didn't even sell full amount and notice the difference between buy & sell price.

tfw

350% profit within 3 minutes

Pennies. Expect it more often

fck off

Bragging about .02 BTC lol

350% profit within a minute is extremely good in most traders book. May be you know something I don't.

Getting lucky and buying into a pump you have nothing to do with does not make you a good trader

unusualfacts30

hero member

Activity: 1540

Merit: 500

Quote from: iGotSpots on January 15, 2015, 01:55:22 AM

Quote from: unusualfacts30 on January 15, 2015, 01:54:30 AM

Quote from: iGotSpots on January 15, 2015, 01:45:18 AM

Quote from: unusualfacts30 on January 15, 2015, 01:17:45 AM

I don't know what it does but it made me profit on 9th.

Notice how I didn't even sell full amount and notice the difference between buy & sell price.

tfw

350% profit within 3 minutes

Pennies. Expect it more often

fck off

Bragging about .02 BTC lol

350% profit within a minute is extremely good in most traders book. May be you know something I don't.

iGotSpots

legendary

Activity: 2548

Merit: 1054

CPU Web Mining 🕸️ on webmining.io

Quote from: unusualfacts30 on January 15, 2015, 01:54:30 AM

Quote from: iGotSpots on January 15, 2015, 01:45:18 AM

Quote from: unusualfacts30 on January 15, 2015, 01:17:45 AM

I don't know what it does but it made me profit on 9th.

Notice how I didn't even sell full amount and notice the difference between buy & sell price.

tfw

350% profit within 3 minutes

Pennies. Expect it more often

fck off

Bragging about .02 BTC lol

unusualfacts30

hero member

Activity: 1540

Merit: 500

Quote from: iGotSpots on January 15, 2015, 01:45:18 AM

Quote from: unusualfacts30 on January 15, 2015, 01:17:45 AM

I don't know what it does but it made me profit on 9th.

Notice how I didn't even sell full amount and notice the difference between buy & sell price.

tfw

350% profit within 3 minutes

Pennies. Expect it more often

fck off

iGotSpots

legendary

Activity: 2548

Merit: 1054

CPU Web Mining 🕸️ on webmining.io

Quote from: unusualfacts30 on January 15, 2015, 01:17:45 AM

I don't know what it does but it made me profit on 9th.

Notice how I didn't even sell full amount and notice the difference between buy & sell price.

tfw

350% profit within 3 minutes

Pennies. Expect it more often

unusualfacts30

hero member

Activity: 1540

Merit: 500

I don't know what it does but it made me profit on 9th.

Notice how I didn't even sell full amount and notice the difference between buy & sell price.

tfw

350% profit within 3 minutes

Mortimer452

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Activity: 532

Merit: 500

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