If you buy when others are pessimistic
I had the word 'irrationally'' before the word 'pessimistic'. Please read more carefully next time.
Topic: Speculation Rule: buy when others are irrationally pessimistic or too cautious - page 27. (Read 36099 times)
November 11, 2016, 04:18:25 AM
I had the word 'irrationally'' before the word 'pessimistic'. Please read more carefully next time.
November 07, 2016, 04:11:09 AM
If you buy when others are pessimistic, they may be pessimistic for good reasons - the coin is no good.
If you buy that type of coin, you will be a bag-holder with no buyers in sight.
If you buy that type of coin, you will be a bag-holder with no buyers in sight.
November 06, 2016, 03:34:43 PM
Buy when others are irrationally pessimistic proved true in recent dump when chinese fake report become public. Small level traders were panicing just after news came out and loads of bitcoin got sold within few hour and guess who bought them? By all the optimistic whales. 
Of course.
Noobs with 100.000 coins.
Always.
November 06, 2016, 01:03:22 PM
Buy when others are irrationally pessimistic proved true in recent dump when chinese fake report become public. Small level traders were panicing just after news came out and loads of bitcoin got sold within few hour and guess who bought them? By all the optimistic whales.
Those who sold first could buy it back cheaper - the wrong move was to sell too slow
And by they way I have the feeling that we'll have at least one more leg down.
November 06, 2016, 12:58:52 PM
"buy when others are irrationally pessimistic or too cautious"
This is not a rule - this is a tautology. If you don't think that the price others offer is too low (i.e. they are irrationally pessimistic) - then you would not buy.
This is not a rule - this is a tautology. If you don't think that the price others offer is too low (i.e. they are irrationally pessimistic) - then you would not buy.
November 06, 2016, 08:55:30 AM
Buy when others are irrationally pessimistic proved true in recent dump when chinese fake report become public. Small level traders were panicing just after news came out and loads of bitcoin got sold within few hour and guess who bought them? By all the optimistic whales.
let's bookmark the latter and come back to it in around 2 weeks
November 06, 2016, 07:08:39 AM
Buy when others are irrationally pessimistic proved true in recent dump when chinese fake report become public. Small level traders were panicing just after news came out and loads of bitcoin got sold within few hour and guess who bought them? By all the optimistic whales.
i bought too and i just a little itty bitty fish
you have to find these chances when everyone is full of it and especially when you see desperate whales on this board are creating new topics to say bitcoin is dead, that is the time to sell your house and buy bitcoin!
November 06, 2016, 06:45:55 AM
Buy when others are irrationally pessimistic proved true in recent dump when chinese fake report become public. Small level traders were panicing just after news came out and loads of bitcoin got sold within few hour and guess who bought them? By all the optimistic whales.
November 06, 2016, 05:53:28 AM
P.S. I think it will probably come back down and touch at least $650. The reaction buying is probably a bit steep right now to sustain.
There might be a head&shoulder pattern forming which will take the price down to fill that gap up (Oct 22-23) from just below $650 before we complete this correction. This is not a certainty.
That potential H&S was just violated with the move to $716. Time to board the train next stop $789ish.
lol
November 05, 2016, 10:48:21 PM
P.S. I think it will probably come back down and touch at least $650. The reaction buying is probably a bit steep right now to sustain.
There might be a head&shoulder pattern forming which will take the price down to fill that gap up (Oct 22-23) from just below $650 before we complete this correction. This is not a certainty.
That potential H&S was just violated with the move to $716. Time to board the train next stop $789ish.
November 05, 2016, 08:18:59 PM
P.S. I think it will probably come back down and touch at least $650. The reaction buying is probably a bit steep right now to sustain.
There might be a head&shoulder pattern forming which will take the price down to fill that gap up (Oct 22-23) from just below $650 before we complete this correction. This is not a certainty.
November 03, 2016, 07:20:28 PM
November 02, 2016, 08:13:07 PM
The facts for 2016:
Gold +22.5% YTD
Long Bond US Treasury TLT +9.1% YTD
SP500 +2.7% YTD
Armstrong & shills predictions for 2016:
OMG gold going to sub $1000 or even to sub $850.
Bonds US Treasury exploding to the downside (the infamous 2015.75 big bang).
SP500 skyrocketing due to capital flows.
The BS is over. No verbal (or should I say written) diarrhea is going to change anything. The emperor is naked.
Gold +22.5% YTD
Long Bond US Treasury TLT +9.1% YTD
SP500 +2.7% YTD
Armstrong & shills predictions for 2016:
OMG gold going to sub $1000 or even to sub $850.
Bonds US Treasury exploding to the downside (the infamous 2015.75 big bang).
SP500 skyrocketing due to capital flows.
The BS is over. No verbal (or should I say written) diarrhea is going to change anything. The emperor is naked.
Facts:
- Edward Snowden making his final move of no return to release NSA exposé on the exact turn date (April 22, 2013) for Armstrong's model of the peak of the USA empire.
- Putin officially entered the war in Syria on Oct. 1, 2015, precisely Armstrong's major ECM (Economic Confidence Model) turn date 2015.75.
- Per my prior post above, Assange+USA intelligence+FBI initiated a counter-coup against the Establishment politicians on Oct. 28, 2016, precisely to the day of the current turn date of Armstrong's ECM. Also the Bundy's were acquitted which was the first time a jury went against the Establishment in 200 years.
- Dollar is up since the peak (various currencies peaked between 2011 and 2016):
+90% against gold
+60% Australian dollar
+41% British pound
+53% Canadian dollar
+60% Chilean peso
+13% Chinese yuan (non-floating currency rate)
+38% Euro
+35% Indian rupee
+60% Japanese yen valley-to-peak (note the dollar has slumped against yen so far in 2016)
+43% Swiss franc - FX exchange volume $5.3 trillion daily, versus $3 billion monthly for precious metals
- USA DJIA up +75% in same period. Armstrong's model has been predicted a double to triple since 2011.
- Armstrong's War Cycle model pinpointing Ukraine, Middle East, and rapefugees crisises decades before they occurred.
- etc
You'd have to be a fucking blind moron to not see what is going on.
November 02, 2016, 10:34:38 AM
or simply contrarian strategy instead of momentum strategy. this is probably one of the first strategy that has been empirically tested in trading, so probably around the 50's 
nothing new here.
nothing new here.
It is the timing of then I wrote the OP that makes the point significant. I wrote it roughly hours preceding the blast off from the $660s and I predicted the forthcoming move to the handle of the cup in the high $700s.
Being a confident contrarian when others are obviously too cautious (because you know something about the pattern that is solid), i.e. so many where fretting over whether we stay within a $100 range. Whereas, it was clear to me a cup was forming and it was time to form definitely the right side of cup, both from a contrarian perspective and also the structure of the chart (couldn't delay much longer the formation of the right side of the cup).
It is an instinctive feel that good traders have. My record speaks for itself:
http://www.marketoracle.co.uk/Article23786.html
So you've been contrarian once, and since then momentum trader.
Anyway, waiting for FOMO next year or even end of this year to be contrarian myself too
November 02, 2016, 08:22:32 AM
or simply contrarian strategy instead of momentum strategy. this is probably one of the first strategy that has been empirically tested in trading, so probably around the 50's
nothing new here.
nothing new here.
It is the timing of then I wrote the OP that makes the point significant. I wrote it roughly hours preceding the blast off from the $660s and I predicted the forthcoming move to the handle of the cup in the high $700s.
Being a confident contrarian when others are obviously too cautious (because you know something about the pattern that is solid), i.e. so many where fretting over whether we stay within a $100 range. Whereas, it was clear to me a cup was forming and it was time to form definitely the right side of cup, both from a contrarian perspective and also the structure of the chart (couldn't delay much longer the formation of the right side of the cup).
It is an instinctive feel that good traders have. My record speaks for itself:
http://www.marketoracle.co.uk/Article23786.html
November 02, 2016, 08:09:41 AM
or simply contrarian strategy instead of momentum strategy. this is probably one of the first strategy that has been empirically tested in trading, so probably around the 50's
nothing new here.
nothing new here.
November 02, 2016, 12:20:19 AM
i couldn't agree more.
they don't call litecoin as the second to bitcoin (silver) for nothing!
i have been seeing the same patters each time there is a movement in bitcoin price. and this time there has been a big uprise in bitcoin and on litecoin front, it has been stable around 0.006BTC for a long time and it was being accumulated. in other words everything is ready there for a huge rise to 0.01+
they don't call litecoin as the second to bitcoin (silver) for nothing!
i have been seeing the same patters each time there is a movement in bitcoin price. and this time there has been a big uprise in bitcoin and on litecoin front, it has been stable around 0.006BTC for a long time and it was being accumulated. in other words everything is ready there for a huge rise to 0.01+
Just be aware the wait could be longer than you expected. So only invest in LTC what you don't need for a year.
From other thread:
Quote
You might want to bottom fish on LTC for money you don't need to touch for a year.
From a trading point of view that seems reasonable, I mean I dont know why litecoin was so popular but I guess it could be again alongside bitcoin just like the old days. That prospect seems cheap and increasingly so as bitcoin rises, but Im not confident on just where each coin sits now though and why its user base is there
Bitcoin has problems over political battles. Litcoin doesn't. The creator of Litecoin left Google to work for Coinbase.
You now why Litecoin doesn't have any problems with politics and governments? Because it is insignificant clone of Bitcoin and is not treated seriously by authorities.
Do you honestly think that old altcoin with market cap lower that $200 million will be someday great again?
When you can't get your transactions into Bitcoin block and there is a crisis, Litecoin could be a stopgap measure and see another massive spike. That is precisely the point of a bimetallic standard.
October 31, 2016, 04:11:24 AM
XMR and ZEC as quality alternatives to LTC in the future (not yet):
Any one buying precious metals right now and not Bitcoin @$700 is an idiot.
You should be buying BTC aggressively and plan to diversify into any best-of-breed altcoins at the right timing. For example, once XMR and ZEC (Zcash) bottoms, you should be buying aggressively, which will probably after the current up move in BTC matures.
Those who stay in precious metals are going to see losses in 2017 (due to a surging dollar) and then only at most a 4 X gain from current prices over next several years.
Those in solid crypto-currency speculations are going to see 10 - 100 X gain in that same timeframe.
You should be buying BTC aggressively and plan to diversify into any best-of-breed altcoins at the right timing. For example, once XMR and ZEC (Zcash) bottoms, you should be buying aggressively, which will probably after the current up move in BTC matures.
Those who stay in precious metals are going to see losses in 2017 (due to a surging dollar) and then only at most a 4 X gain from current prices over next several years.
Those in solid crypto-currency speculations are going to see 10 - 100 X gain in that same timeframe.
October 31, 2016, 03:39:53 AM
I actually find it funny how all the altcoin lovers that preach against Bitcoin being slow and not profitable enough, are now selling their so loved altcoins for BTC in order to benefit from the increase lately.
Those who want more profits try to trade between BTC and altcoins on a see-saw. After BTC peaks, then the altcoins go on a run up, as BTC runs out to altcoins. Then back to BTC or hold in dollars again. Repeat.
Also taking speculations on ICO and mined launches of best-of-breed altcoins has been a way to accumulate more BTC.
Smart money wants to build their stack of BTC any way they can and doesn't waste time with hands-tied-behind-back perma-bull, uni-asset ideology.
Crypto-curreny is an ecosystem. Not a monotheism. Leave the religion to the losers. Smart money is objective.
LTC (Litecoin) has the similar chart pattern as BTC. It has in the past followed BTC moves on a delay, with much greater percentage gains.
I would guess after BTC hits the peak of this move (probably at the handle of the C&H at ~$800ish), then LTC will blast off, if not before.
i couldn't agree more.
they don't call litecoin as the second to bitcoin (silver) for nothing!
i have been seeing the same patters each time there is a movement in bitcoin price. and this time there has been a big uprise in bitcoin and on litecoin front, it has been stable around 0.006BTC for a long time and it was being accumulated. in other words everything is ready there for a huge rise to 0.01+
Just be aware the wait could be longer than you expected. So only invest in LTC what you don't need for a year.
October 31, 2016, 02:31:15 AM
I actually find it funny how all the altcoin lovers that preach against Bitcoin being slow and not profitable enough, are now selling their so loved altcoins for BTC in order to benefit from the increase lately.
Those who want more profits try to trade between BTC and altcoins on a see-saw. After BTC peaks, then the altcoins go on a run up, as BTC runs out to altcoins. Then back to BTC or hold in dollars again. Repeat.
Also taking speculations on ICO and mined launches of best-of-breed altcoins has been a way to accumulate more BTC.
Smart money wants to build their stack of BTC any way they can and doesn't waste time with hands-tied-behind-back perma-bull, uni-asset ideology.
Crypto-curreny is an ecosystem. Not a monotheism. Leave the religion to the losers. Smart money is objective.
LTC (Litecoin) has the similar chart pattern as BTC. It has in the past followed BTC moves on a delay, with much greater percentage gains.
I would guess after BTC hits the peak of this move (probably at the handle of the C&H at ~$800ish), then LTC will blast off, if not before.
i couldn't agree more.
they don't call litecoin as the second to bitcoin (silver) for nothing!
i have been seeing the same patters each time there is a movement in bitcoin price. and this time there has been a big uprise in bitcoin and on litecoin front, it has been stable around 0.006BTC for a long time and it was being accumulated. in other words everything is ready there for a huge rise to 0.01+
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