Question for the Speculators... (experiment) - page 3.

Hippocrypto

sr. member

Activity: 1484

Merit: 277

Quote from: Wexlike on December 06, 2019, 03:23:36 PM

There was a great thread started back then by one pretty famous trader with a trading game. Many high caliber people started to play around and most of them lost more than the guys just hodling bitcoin. Only one trader came out a bit on top of the hodler.

Will try to find the thread !

They lost a lot because of aggressiveness and always took advantage of the current wave without analysing. Basically that's their mindset, only to earn quick profit and not long term plans. Holders allocated more days, months or even years to grow and increase the value of an asset before deciding to sell it. Speculations can influence a lot of people, that's why we need to avoid taking it seriously, in order to sustain until market fully recovers.

Pipdips

member

Activity: 210

Merit: 13

Quote from: bittraffic on December 06, 2019, 02:32:52 PM

How are they going to click buy and sell if they are not going to look at the pair in the exchange

Well,
We can hunt down a total newbie trader in the Trading Discussion forum
Newbies often post topics there saying "Im totallly new where do I start?"
Then if they agree to be part of the experiment, bring them over to Speculating
Then they can place orders from posting in this topic with a Volunteer Operator
Just use someones account at some exchange, they act as the operator
Let's say it is only $50 USD worth of a trading account
See what happens.
See how many orders they place and if they buy sell or hold, etc

The operator eliminates them from seeing live charts and prices bouncing
So they will be away from the heat of seeing real live charts in action

They only have all us bozos at Speculating to listen to

I can probably pony up a few bits

Wexlike

legendary

Activity: 1473

Merit: 1086

There was a great thread started back then by one pretty famous trader with a trading game. Many high caliber people started to play around and most of them lost more than the guys just hodling bitcoin. Only one trader came out a bit on top of the hodler.

Will try to find the thread !

jrrsparkles

sr. member

Activity: 2520

Merit: 280

Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote from: Pipdips on December 06, 2019, 01:53:29 PM

What would happen if we took a new trader, somebody with zero knowledge at all, and I give them I dunno, .01 Bitcoins for free, for them to get started trading with. What is that, about $200 worth?

But here is the experiment. The experiment is to have them ONLY read this Speculator forum and nothing else is allowed. They are not allowed to use any charts, not allowed to learn TA or FA. They would just rely upon being just another bozo on the bus here at this Speculators forum. So: all of their trades would have to be based upon what they read at this subforum alone.

What would the outcome be? Big lose? or Big win?

Speculation section itself has lot of prediction threds which may give an idea what is happening at the moment in the crypto market so if they are smart enough to analyse these they can make decent profits but if they are going to read all the replies on this section they will get nothing but the confusion so its better to do gamble with the trading activities rather than making any analysis.

harizen

legendary

Activity: 3122

Merit: 1398

For support ➡️ help.bc.game

Quote from: Pipdips on December 06, 2019, 01:53:29 PM

What would happen if we took a new trader, somebody with zero knowledge at all, and I give them I dunno, .01 Bitcoins for free, for them to get started trading with. What is that, about $200 worth?

But here is the experiment. The experiment is to have them ONLY read this Speculator forum and nothing else is allowed. They are not allowed to use any charts, not allowed to learn TA or FA. They would just rely upon being just another bozo on the bus here at this Speculators forum. So: all of their trades would have to be based upon what they read at this subforum alone.

What would the outcome be? Big lose? or Big win?

Who knows what will be the result. They will get a free trading fund after all so they will not feel pressured.

I've seen lots of new traders who don't have a knowledge of doing TAs (obviously, they are newbie) so instead of focusing too much to study how to do it which will take time, they based their strategy from what they read (other's view, prediction, speculations). All they need is basic knowledge about how to place a trade and understanding the risks then that's it, they can start doing trades now.

We can't really say if they will able to lose or win big out of just reading speculations. There are traders who don't rely on TA's but yielding good results. Proper timing and execution really play a big part here.

figmentofmyass

legendary

Activity: 1652

Merit: 1483

Quote from: Pipdips on December 06, 2019, 01:53:29 PM

What would happen if we took a new trader, somebody with zero knowledge at all, and I give them I dunno, .01 Bitcoins for free, for them to get started trading with. What is that, about $200 worth?

But here is the experiment. The experiment is to have them ONLY read this Speculator forum and nothing else is allowed. They are not allowed to use any charts, not allowed to learn TA or FA. They would just rely upon being just another bozo on the bus here at this Speculators forum. So: all of their trades would have to be based upon what they read at this subforum alone.

What would the outcome be? Big lose? or Big win?

they would probably lose it all in short order. if they use high leverage, they could lose it all in a day. Tongue

the prevailing wisdom is that 90-95%+ of all traders lose money. most people make a few losing trades and then quit forever. this would be no different---except this trader would have zero knowledge of TA or FA, thus they would be even worse off than average.

bittraffic

hero member

Activity: 3038

Merit: 617

How are they going to click buy and sell if they are not going to look at the pair in the exchange?

The price action on the exchange is an indicator itself. But if they are just going to call someone to execute the trade just like the stock market way before there were platforms to operate on the computers, the wall observer will do. It would be fun like the wolves of the wallstreet movie but its going to be worse if the fudsters come to post.

Pipdips

member

Activity: 210

Merit: 13

What would happen if we took a new trader, somebody with zero knowledge at all, and I give them I dunno, .01 Bitcoins for free, for them to get started trading with. What is that, about $200 worth?

But here is the experiment. The experiment is to have them ONLY read this Speculator forum and nothing else is allowed. They are not allowed to use any charts, not allowed to learn TA or FA. They would just rely upon being just another bozo on the bus here at this Speculators forum. So: all of their trades would have to be based upon what they read at this subforum alone.

What would the outcome be? Big lose? or Big win?

Topic: Question for the Speculators... (experiment) - page 3. (Read 576 times)