told ya so
and it is just the beginning of the beginning.
Topic: RALLY! - page 8. (Read 39284 times)
My point is before the default, bust, hack or whatever bitcoinca was as good a service as any. Any strategy working on bitcoinca would work equally good with mtgox just with lower spreads, lower profits but higher frequency.
If you had severe doubts about their business model good for you. But don't mind me asking where are your predictions....
If you had severe doubts about their business model good for you. But don't mind me asking where are your predictions....
I never claimed to have made predictions. But because I understand how leverage works I decided to stay far far away....
My point is before the default, bust, hack or whatever bitcoinca was as good a service as any. Any strategy working on bitcoinca would work equally good with mtgox just with lower spreads, lower profits but higher frequency.
If you had severe doubts about their business model good for you. But don't mind me asking where are your predictions....
If you had severe doubts about their business model good for you. But don't mind me asking where are your predictions....
go back and read my post from my Gold Thread about Bitcoinica. Zhou was having all sorts of problems with his algo that he kept changing, apologizing for, and refunding for. it was nowhere near as stable as mtgox (and we know how stable they've been!)
please can you post the link of the "Gold Thread about Bitcoinica". i missed it. thanks!
.40$ spread on gox right now
and it is trading as if someone is going after Knight's accolades
Edit: LOL, it must be Knight Capital decided to relocate their bots from NYSE to GOX.
and it is trading as if someone is going after Knight's accolades
Edit: LOL, it must be Knight Capital decided to relocate their bots from NYSE to GOX.
My point is before the default, bust, hack or whatever bitcoinca was as good a service as any. Any strategy working on bitcoinca would work equally good with mtgox just with lower spreads, lower profits but higher frequency.
If you had severe doubts about their business model good for you. But don't mind me asking where are your predictions....
If you had severe doubts about their business model good for you. But don't mind me asking where are your predictions....
go back and read my post from my Gold Thread about Bitcoinica. Zhou was having all sorts of problems with his algo that he kept changing, apologizing for, and refunding for. it was nowhere near as stable as mtgox (and we know how stable they've been!)
My point is before the default, bust, hack or whatever bitcoinca was as good a service as any. Any strategy working on bitcoinca would work equally good with mtgox just with lower spreads, lower profits but higher frequency.
If you had severe doubts about their business model good for you. But don't mind me asking where are your predictions....
If you had severe doubts about their business model good for you. But don't mind me asking where are your predictions....
At the time you guys would have said something different. It's always easy to be "wise" afterwards. Bitcoinica wasn't considered something different than regular trading, just higher spreads and leverage.
Uhh I never even touched Bitcoinica. Cypher was all over ZT early on. So you can't say the above response. It was called out early on that the business model had problems. Hence poses much more risk to its customers/investors.
At the time you guys would have said something different. It's always easy to be "wise" afterwards. Bitcoinica wasn't considered something different than regular trading, just higher spreads and leverage.
surely you're not lumping me in with the "guys"?
At the time you guys would have said something different. It's always easy to be "wise" afterwards. Bitcoinica wasn't considered something different than regular trading, just higher spreads and leverage.
Leveraged trading underlies the same principles as any other trading and if you are comparing it to the casino the same must be true for market movements. There are people who think market movements are essentially brownian motion in which case this whole forum would be pointless.
Leveraged trading underlies the same principles as any other trading and if you are comparing it to the casino the same must be true for market movements. There are people who think market movements are essentially brownian motion in which case this whole forum would be pointless.
Everything else about Bitcoin requires a re-think of previous paradigms. Maybe we should start applying the logic to the bubble paradigm as well.
lawlNew Paradigm!!!!111
well, you're still here aren't you?
How is that related?
well, since you think it's a bubble, you should go away and come back in 6 mo when it's in the 1's and reassess. that's what i'd do if i thought i had better things to do.
I haven't said that we already are in bubble territory, I mean we could break all time highs or head down after significant resistance occors.
In order to time my buy in just right I'd have to be around. This time I hopefully wont be as stupid as paying attention to what anybody in this forum says.
i actually wish you luck, man. i mean it.
Thanks, the sad thing is I don't think luck has that much to do with it. If I would have sticked to my strategy instead of "gut feeling", and "this guys chart" I would have had a bitcoinica long position from 2 and exited on 7.something the profits of which safely stored in a paper wallet.
Yup, might as well have the "strategy" of winning at the casino roulette.
Everything else about Bitcoin requires a re-think of previous paradigms. Maybe we should start applying the logic to the bubble paradigm as well.
lawlNew Paradigm!!!!111
well, you're still here aren't you?
How is that related?
well, since you think it's a bubble, you should go away and come back in 6 mo when it's in the 1's and reassess. that's what i'd do if i thought i had better things to do.
I haven't said that we already are in bubble territory, I mean we could break all time highs or head down after significant resistance occors.
In order to time my buy in just right I'd have to be around. This time I hopefully wont be as stupid as paying attention to what anybody in this forum says.
i actually wish you luck, man. i mean it.
Thanks, the sad thing is I don't think luck has that much to do with it. If I would have sticked to my strategy instead of "gut feeling", and "this guys chart" I would have had a bitcoinica long position from 2 and exited on 7.something the profits of which safely stored in a paper wallet.
Everything else about Bitcoin requires a re-think of previous paradigms. Maybe we should start applying the logic to the bubble paradigm as well.
lawlNew Paradigm!!!!111
well, you're still here aren't you?
How is that related?
well, since you think it's a bubble, you should go away and come back in 6 mo when it's in the 1's and reassess. that's what i'd do if i thought i had better things to do.
I haven't said that we already are in bubble territory, I mean we could break all time highs or head down after significant resistance occors.
In order to time my buy in just right I'd have to be around. This time I hopefully wont be as stupid as paying attention to what anybody in this forum says.
i actually wish you luck, man. i mean it.
Thanks, the sad thing is I don't think luck has that much to do with it. If I would have sticked to my strategy instead of "gut feeling", and "this guys chart" I would have had a bitcoinica long position from 2 and exited on 7.something the profits of which safely stored in a paper wallet.
Everything else about Bitcoin requires a re-think of previous paradigms. Maybe we should start applying the logic to the bubble paradigm as well.
lawlNew Paradigm!!!!111
well, you're still here aren't you?
How is that related?
well, since you think it's a bubble, you should go away and come back in 6 mo when it's in the 1's and reassess. that's what i'd do if i thought i had better things to do.
I haven't said that we already are in bubble territory, I mean we could break all time highs or head down after significant resistance occors.
In order to time my buy in just right I'd have to be around. This time I hopefully wont be as stupid as paying attention to what anybody in this forum says.
i actually wish you luck, man. i mean it.
Everything else about Bitcoin requires a re-think of previous paradigms. Maybe we should start applying the logic to the bubble paradigm as well.
lawlNew Paradigm!!!!111
well, you're still here aren't you?
How is that related?
well, since you think it's a bubble, you should go away and come back in 6 mo when it's in the 1's and reassess. that's what i'd do if i thought i had better things to do.
I haven't said that we already are in bubble territory, I mean we could break all time highs or head down after significant resistance occurs. (That is what I am waiting for)
In order to time my buy in just right I'd have to be around. This time I hopefully wont be as stupid as paying attention to what anybody in this forum says.
"it is different this time" is often heard during speculative opportunities. stereotypical statement for sure.
That's not what I meant. My point is that the June 2011 event was indeed a bubble and that the current rally is a different event altogether. I'm not saying that is it not a bubble. It could well be major bubble #2. Let's see a year from now.
Or... the June 2011 bubble wasn't a bubble at all, but simply the kind of drop you would expect when the exchange through which 90% of all BTC transactions are made is compromised.
Everything else about Bitcoin requires a re-think of previous paradigms. Maybe we should start applying the logic to the bubble paradigm as well.
uhhh... no. For example, Akamai is an internet bubble company that actually had a great idea (spawned an entire industry in fact), and so has slowly grown successful post-bubble. http://www.google.com/finance?q=NASDAQ%3AAKAM
Everything else about Bitcoin requires a re-think of previous paradigms. Maybe we should start applying the logic to the bubble paradigm as well.
lawlNew Paradigm!!!!111
well, you're still here aren't you?
How is that related?
well, since you think it's a bubble, you should go away and come back in 6 mo when it's in the 1's and reassess. that's what i'd do if i thought i had better things to do.
Everything else about Bitcoin requires a re-think of previous paradigms. Maybe we should start applying the logic to the bubble paradigm as well.
lawlNew Paradigm!!!!111
well, you're still here aren't you?
How is that related?
Everything else about Bitcoin requires a re-think of previous paradigms. Maybe we should start applying the logic to the bubble paradigm as well.
lawlNew Paradigm!!!!111
well, you're still here aren't you?
Everything else about Bitcoin requires a re-think of previous paradigms. Maybe we should start applying the logic to the bubble paradigm as well.
lawlNew Paradigm!!!!111
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