Topic: REAL market traders... are they here...? - page 4. (Read 3420 times)

By real, he means a trader in markets that have a long, established history of more than the 4 years that btc has.  Stocks have been traded since the 1700's.  Technically commodities like gold and iron etc. have been traded since before christ lived.

Not that anyone cares, but I have traded stocks since 1995.

Wait, I trade in the bitcoin market, so I am a "market trader". But because I don't trade paper promises for other paper promises, I'm not "real".  So am I imaginary?

So you think technical analysis is equivalent to astrology, dreams and hunches?

Well, yes. I have about 20 years experience trading. Predominantly futures and derivatives, commodities, currencies, interest rates, energies, etc. I was an institutional/retail broker for about 8 years and owned my own firm for most of those. Now I am a hedging consultant and prop trader, which is nearly the same thing just don't do brokerage anymore because I don't like most people when they become clients. When they are just people I like them more.

I actually wrote a book on it, you can borrow it free if you have amazon prime

http://amzn.com/B0091XN1KS

Anyway my take on bitcoin is the exchanges are fubar so I won't trade it there yet. MTGox looks ok but then not really, BTCe is a disaster waiting to happen- they might be 100% legit and stay that way but who the hell are they and who gets your money back if they fly by night? US exchanges have slipped a notch since Corzine and PFG debacles but I can still sleep at night with my money at the CME. None of these exchanges are transparent or accessible enough to warrant the risk afaic. Not disparaging them, I don't know, just scares the hell out of me.

So, it's a buy and hold market for me. I may put small amount into coinbase to buy altcoins on spec. But larg bitcoin investment is strictly through escrow/localbitcoin face to face with my gun. And then I am camping on them. I'm very bullish, long term. I'd like to trade the action because the swings are great, and the trend is steady considering the volatility. But its not worth the risk of disappearing account to me. Just going to hold and trade commodities at the merc to grind out in the meanwhile.

Hope that helps...

Generally rpteila makes lousy predictions (deliberately or not, who knows?), use caution.  Also, I have my doubts as to whether he really is a big fish.  It's very easy to fake such things.

I'm sure there are many here who have varying amounts of experience working for brokerages and other investment firms.

Does that make them more real than the kind of amateur who predicts a bear market based on astrology, technical analysis, dreams or hunches? I don't think so.

One of the biggest mistakes that noobs make is to assume that what works with stocks, forex and commodities will work with Bitcoin. History has repeatedly dis-proven that.

yes there is a "Pro trader" that visit this sub-forum, you should watch his movements and listen to every move and analyze, he also have a "club" of multi-millionaire investors...

he talks about how many millions he has made and what kind of cigars he smokes and fancy car he drives so I guess that give some credibility to his posts and predictions


this is his profile, watch his posts and keep us updated about taking his advises....     https://bitcointalksearch.org/user/rpietila-68520

Are there (on this forum) some REAL market traders. That means people who already had experience trading stocks, bonds, commodities, equities or i dont know what more, simple real life trade experience (preferably longer and preferably succesful)? Did someone for example worked as broker or on some exchange... etc. etc.

Is there any such fellow? Whats his take on bitcoin? What statistic research/test calculations and in what software (SPSS?) did you done.
whats your take on bitcoin...? (or do you know someone like this in your real life, whats his personal opinion on bitcoin)?

Please reply only people who fit the description above, i dont want (in this this thread) reaction of "so called bitcoin traders, that just FEEL (!) (:-O! :-D! ?) that price will go up and up and up" :-).