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Topic: PnF TA - page 65. (Read 190664 times)

legendary
Activity: 1498
Merit: 1000
August 18, 2015, 03:38:54 PM
Well, it might be a mistake - but I am out of BTC and in fiat. Looking at the chart(also your PnF charts), I don't see a convincing bottom. (yet)

Long term:

315 -> 125 -> 215 -> 75 -> 145

Or maybe 315 -> 125 -> 240 -> 75 -> 145
legendary
Activity: 1473
Merit: 1086
August 18, 2015, 03:32:41 PM
Well, it might be a mistake - but I am out of BTC and in fiat. Looking at the chart(also your PnF charts), I don't see a convincing bottom. (yet)
legendary
Activity: 1498
Merit: 1000
August 18, 2015, 03:26:39 PM


legendary
Activity: 1498
Merit: 1000
August 18, 2015, 01:44:58 PM
What went wrong there?

He was pimping Monero for a long time and had (has?) a huge stake in it. Last I saw he was working on Cryptokingdom, an RPG with a built in altcoin. It just annoys me seeing smart and charismatic people use their talent to take money from the gullible, but I suppose the world works like that on many levels--they should just be run for office and be done with it Wink
Fontas v.2
hero member
Activity: 924
Merit: 1000
August 18, 2015, 01:43:01 PM
What went wrong there?

He was pimping Monero for a long time and had (has?) a huge stake in it. Last I saw he was working on Cryptokingdom, an RPG with a built in altcoin. It just annoys me seeing smart and charismatic people use their talent to take money from the gullible, but I suppose the world works like that on many levels--they should just be run for office and be done with it Wink
legendary
Activity: 1498
Merit: 1000
August 18, 2015, 01:23:58 PM
Everyone should have been short since $315 which is what I said first. And I should have stuck to that. Predicting the short-term moves is going to get you stopped out and you'll miss the entire decline. Everyone who did not short at $315 has already lost the decline to $254.

Trading is easy in hindsight as markets can do anything at anytime. That's why it's more about managing risk/protecting profits than being able to predict great moves.

A short from $300 looks amazing now but it's extremely difficult to do in the moment. And if we slingshot up from here in a few days, a long today would look amazing in hindsight. But what if it doesn't? Maybe we skid to $240 and go up from there. How does one plan for each possible scenario? You can't really. Fear, uncertainty and doubt are a trader's worst enemy.

Also, careful about being the charismatic great predictor. You'll gain a huge following then lose credibility the one time you're wrong. Just ask rpietila leading his newb army into Monero and whatever other go-nowhere altcoin project he was working on.
What went wrong there?
legendary
Activity: 1260
Merit: 1002
August 18, 2015, 01:15:13 PM
hey i want in this superduper altcoin too !  Cheesy
hero member
Activity: 924
Merit: 1000
August 18, 2015, 01:14:39 PM
Everyone should have been short since $315 which is what I said first. And I should have stuck to that. Predicting the short-term moves is going to get you stopped out and you'll miss the entire decline. Everyone who did not short at $315 has already lost the decline to $254.

Trading is easy in hindsight as markets can do anything at anytime. That's why it's more about managing risk/protecting profits than being able to predict great moves.

A short from $300 looks amazing now but it's extremely difficult to do in the moment. And if we slingshot up from here in a few days, a long today would look amazing in hindsight. But what if it doesn't? Maybe we skid to $240 and go up from there. How does one plan for each possible scenario? You can't really. Fear, uncertainty and doubt are a trader's worst enemy.

Also, careful about being the charismatic great predictor. You'll gain a huge following then lose credibility the one time you're wrong. Just ask rpietila leading his newb army into Monero and whatever other go-nowhere altcoin project he was working on.
legendary
Activity: 1498
Merit: 1000
August 18, 2015, 01:11:28 PM
If you deliver it

^this

kLee even $1000 will be enough to set you up for life. Make sure you still have that much spare 6 months from now.
I will invest as much as I can (probably 1000 would be a minimum).

But there are more to do than only invest...
sr. member
Activity: 420
Merit: 262
August 18, 2015, 01:09:56 PM
If you deliver it

^this

kLee even $1000 will be enough to set you up for life. Make sure you still have that much spare 6 months from now.
legendary
Activity: 1498
Merit: 1000
August 18, 2015, 01:08:14 PM
Then you permabulls really need to buy my coin  Tongue
I will short the top of it Tongue

haha. Here is an overview of what you'll be battling:

https://bitcointalksearch.org/topic/m.12175683
I will invest only in this and you know it - I will contact you when my mind & soul is ready, I can't focus on such a serious effort atm  Undecided
EDIT: I will contact you in general, not only for the project (you don't need me anyway).

Also I am off base and productivity suffers!

If you deliver it will be difficult to others compete with you.
sr. member
Activity: 420
Merit: 262
August 18, 2015, 12:59:42 PM
Then you permabulls really need to buy my coin  Tongue
I will short the top of it Tongue

haha. Here is an overview of what you'll be battling:

https://bitcointalksearch.org/topic/m.12175683
legendary
Activity: 1498
Merit: 1000
August 18, 2015, 12:56:35 PM
Then you permabulls really need to buy my coin  Tongue
I will short the top of it Tongue
sr. member
Activity: 420
Merit: 262
August 18, 2015, 12:51:25 PM
Then you permabulls really need to buy my coin  Tongue
legendary
Activity: 1484
Merit: 1002
Strange, yet attractive.
August 18, 2015, 12:49:33 PM
Everyone should have been short since $315 which is what I said first. And I should have stuck to that. Predicting the short-term moves is going to get you stopped out and you'll miss the entire decline. Everyone who did not short at $315 has already lost the decline to $254.
I sold 310 but shorting is something I rarely do in general. I just don't feel 'safe' shorting BTC, can't explain this lol

Same here, that's why I keep this cold wallet somewhere I cannot reach easily. There's a reason for that. Whenever I sold, it got back to me with a vengeance! I only spend those I have for "play" money. Which in any case won't ever make me rich (well, maybe if XMR goes 200x from its current price)... Tongue
legendary
Activity: 1498
Merit: 1000
August 18, 2015, 12:45:26 PM
Everyone should have been short since $315 which is what I said first. And I should have stuck to that. Predicting the short-term moves is going to get you stopped out and you'll miss the entire decline. Everyone who did not short at $315 has already lost the decline to $254.
I sold 310 but shorting is something I rarely do in general. I just don't feel 'safe' shorting BTC, can't explain this lol
sr. member
Activity: 420
Merit: 262
August 18, 2015, 12:42:48 PM
Everyone should have been short since $315 which is what I said first. And I should have stuck to that. Predicting the short-term moves is going to get you stopped out and you'll miss the entire decline. Everyone who did not short at $315 has already lost the decline to $254.
legendary
Activity: 1498
Merit: 1000
August 18, 2015, 10:22:12 AM
My buy zone is 242-252. Stop if 238 is broken
hero member
Activity: 924
Merit: 1000
August 18, 2015, 10:20:59 AM
The XT developers are not telling the whole truth and are knowingly putting Bitcoin's future on the line?
https://www.cryptocoinsnews.com/block-size-bitcoin-not-scale-effectively/

Hie brings up some good points. The positive is that if there's a sliver of doubt, XT will not come to fruition and the consensus mechanism will have worked as intended. 75% of miners will not vote for a change that has even a 1% chance to undermine Bitcoin.

Technically speaking, I'm a buyer at these prices. The 200 day MA as support is my entry zone for a nice long if it holds.
legendary
Activity: 1498
Merit: 1000
August 18, 2015, 10:03:25 AM
The XT developers are not telling the whole truth and are knowingly putting Bitcoin's future on the line?
https://www.cryptocoinsnews.com/block-size-bitcoin-not-scale-effectively/
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