Topic: PnF TA - page 62. (Read 190664 times)

IMO 125, 100, 75, 50 are good buys.

I closed longs >280. SItting on my Fiat pile until some signal. Not even sure how low to put my bids. Sub 160?

Still early Klee... Still early! 

Seriously now: It's quite a long shot to assume that BTC will follow gold's foot after the storm hits the markets, TPTB_need_war has a point though which I'm seriously thinking to go ahead and follow. I'm 50-50 yes or no... 

Double digits soon?

TPTB you failed forecaster, you promised me double digits at September!!!! 

Please don't insult my intelligence with such fraudulent assumptions.

but i mean come on, you'd love to have half of his 'wanna-be-megalomaniac fanboiz' behind you, just as armstrong has his (and you above all).

He makes so many errors in logic. Yet people think he is super smart.

Here are a couple of examples (I stopped read after these because he is wasting my time with his diatribes).


False. Viral marketing is part of the ecosystem.


Again he is ignorant of reality and marketing. He can circle jerk with his other wanna-be-megalomaniac fanboiz but it won't change the outcome. Those who will change the outcome will do so by giving people what they want, while simultaneously meeting his desire for decentralized discipline. He formulates the problem set in too narrow terms due to his myopia. He could start by reading me to further his education rather than enclosing himself in his circle jerk echo chamber.

heheh, since you seems to be a reader of MP's, here is are some old blogposts of his on the subject - to pass the time until usgavin&co fades out from Bitcoin's History.

http://trilema.com/2015/lets-address-even-more-of-the-more-common-pseudo-arguments-raised-by-the-very-stupid-people-that-like-the-gavin-scamcoin-proposal/
http://trilema.com/2015/lets-address-some-of-the-more-common-pseudo-arguments-raised-by-the-very-stupid-people-that-like-the-gavin-scamcoin-proposal/
http://trilema.com/2015/third-pass-addressing-the-more-common-pseudo-arguments-raised-by-the-very-stupid-people-that-like-the-gavin-scamcoin-proposal/

TALKING ABOUT BITCOIN, EVEN IF IN A GROUP, DOES NOT MAKE YOU PART OF BITCOIN.

Bitcoin is not a reflection of your hopes and aspirations, but a check on them. Bitcoin isn't here to make it easier for you to do what you want to do ; Bitcoin is here to make it trivial for others to prevent you from doing what you want to do every time that's stupid. The sooner you comprehend this fundamental difference between Bitcoin and "technology" especially in the "revolutionary & innovative" subsense of that nonsense, the better, for you.

Bitcoin isn't for everybody. Creating something useful that everyone can use is an exercise in trying to create something that's useful but worthless.

COMMENT: Marty, I want to thank you for showing me how real analysis actually works. I think so many people have been use to the typical buy and hold and its going to the moon forecasts that they do not understand how you even function. I am writing because I think many may misinterpret how you analyze markets. Like your gold forecast of Socrates. I can see that time and price are separate and your turning points can be a high or low. The forecast is a turning point and the interpretation is the trend and price leading into that turning point.

I showed a friend what Socrates wrote on gold and he didn’t get it. He was so use to the typical nonsense that he thought you will always be right because you address both sides. I explained to him it was clear. To continue to move higher gold had to exceed the previous week’s high and a failure means that target inverts and can present a low. Many just do not understand price and time are separate. I can see the difference in how you forecast but some who are use to the gold promoters may not.

REPLY: Yes, you are probably correct. It is hard to keep that in mind when I am used to professionals rather than the general public. A REAL analyst must ALWAYS define where he is right and where he is wrong. The market is infallible, never the analyst. We are along for the ride. This is indeed about trying to listen to what the market is telling you for it is never wrong.

Secondly, it may be exactly opposite of what people believe, but it is far easier to forecast years out than tomorrow. The reason is rather simple. If gold rallies to 1150, 1185, or 1225 and then peaks on the turning point, it is irrelevant. A high is a high regardless of how high unless it starts to exceed Reversals on the monthly level where trend changes. This is what I refer to as NOISE. If we get a high or low in the short-term it does not change the long-term. So people get all flustered with a rally but to me its no big deal until it proves to be something on the monthly level. Everything else is just noise.

In trading as in analysis, just NEVER enter a forecast or a trade without defining where you are right and where you are wrong.

macsga, always democracy is a power vacuum. And thus yes the elite will take control of Bitcoin. No doubt in my mind.

The only way I can see to avoid that is to use technological innovation to remove the need for consensus in crypto currency. Such as eliminating the 51% attack vector and enabling users to burn their coins and transfer them to another chain, so that value becomes orthogonal to chain protocol. Soon we will have this technology.

As more people realize it is safer to be short than long that is what drives the extreme low coming.

Nearly everyone who has argued with me has ended up eating their words later.

You confuse ego with leadership. I am very cordial with people, but leaders don't lead into mud just so they can placate the stragglers and losers.

I give you the readers a "heads up" that your bullishness is the sign that the bottom has not been reached yet. The bottom comes when you the bullish fools finally in desperation go short. Then the smart money covers their short position, you fools are bankrupted, and the next bull market starts.

You are the one who is throwing your ignorance around and hurting readers.