Topic: Speculation Rule: sell when others are irrationally optimistic or too exuberant (Read 1374 times)

We've seen this many times before folks. Bitcoin is in a supposed new paradigm and Moon is impending. We all know how this is going to turn out.

"The four most dangerous words in investing are: 'this time it's different.'" - Sir John Templeton

Here's some material to keep you Bulltards more level headed in this time of crisis.

Blockstream has betrayed us - April 14th

Bitcoin has failed
Bitcoin Core is corrupt
Bitcoin needs to Hard Fork
Bitcoin needs on chain scaling to survive
Bitcoin has been hijacked
Segwit is poison
Segwit is dangerous
Bankers bought out Core
Core is attacking bitcoin

"Every once in a while, the market does something so stupid it takes your breath away." - Jim Cramer

"Be fearful when others are greedy. Be greedy when others are fearful." - Warren Buffett










 

So if you take a look at the speculation section, ignore a few trolls according to this damn rule you should always sell.
Usually the optimism sinks only after it is too late to sell and the cat is bouncing back again.

I will stick to the "opposite of adam" indicator.
Or to the "troll increase" alert.

and it will never be forgotten when you are actually "right" as it won't be forgotten when you are actually "wrong"

Yes some rating system or just + or - it like youtube. Would be fun

speculation board needs a tag system (something like those little coins during April fools day).

tags saying all the bullshit or correct calls people made. i wonder how many accounts will be abandoned because of being full of it on many occasions if such feature were to be introduced in this board

the thing is, to a newbie what other people say always seem to be right. but to someone who has been around for a while and has seen things, no matter how hard you try to make what you say "right" it will never be. and it will never be forgotten when you are actually "right" as it won't be forgotten when you are actually "wrong"

Yes,its his famous rule.I too follow his rule.Its just saying act in the opposite direction of what most investors do.If you follow this rule,you could get potential coins at very cheap price and sell them when its price rises and every one starts buying.

@iamnotback i am going to go ahead and say it, you are stressing yourself out on trading my friend. stay away that doesn't seem to suit you.

i think he locked that topic because of the disaster he put himself into yesterday. i mean i rarely even look at the long essays he writes but yesterday was particularly an interesting show.
it seemed like every hour he changed his mind.
it was like this:
- i bought ETH, LTC is getting dumped
- i sold ETH and bought LTC, LTC to the moon
- i sold LTC, that is a shit market i saw wedgie but they dumped, i bought ETH again
- no wait i sold ETH and bought LTC
this last one is a gem:
- ahhh, they saw my post so they dumped LTC fuck them all it is manipulated

@iamnotback i am going to go ahead and say it, you are stressing yourself out on trading my friend. stay away that doesn't seem to suit you.

So "iamnotback" lock the topic and you create this new one because he really don't came back? (not so bad in my mind when i read last post on it

The volumes of discourse you've left here thus far teem with egotism.

I’m not speaking abstractly here. I’ve always been more interested in doing the right thing than doing what would make me popular, to the point where I generally figure that if I’m not routinely pissing off a sizable minority of people I should be pushing harder. In the language of psychology, my need for external validation is low; the standards I try hardest to live up to are those I’ve set for myself. But one of the differences I can see between myself at 25 and myself at 52 is that my limited need for external validation has decreased.

And yet, there are people out there who are going to read the previous paragraph and think “Oh, that’s Eric’s ego again. The blowhard.” I’ve had a lot of time to get used to such reactions over the last decade, but it’s still hard for me not to collapse in helpless laughter at the implied degree of Not Getting It.

I think there are a couple of different reasons people tend to falsely attribute pathological, oversensitive egos to A-listers. Each reason is in its own way worth taking a look at.

The first and most obvious reason is projection. “Wow, if I were as talented as Terry Pratchett, I know I’d have a huge ego about it, so I guess he must.” Heh. Trust me on this; he doesn’t. This kind of thinking reveals a a lot about somebody’s ego and insecurity, alright, but not Terry’s.

There’s a flip side to projection that I think of as the “Asimov game”. I met Isaac Asimov just a few months before he died. Isaac had long been notorious for broadly egotistical behavior and a kind of cheerful bombast that got up a lot of peoples’ noses. But if you ever met him, and you were at all perceptive, you might see that it was all a sort of joke. Isaac was laughing inside at everyone who took his “egotism” seriously – and, at the same time, watching hungrily for people who could see through the self-parody, because they might – might – actually be among the vanishingly tiny minority that constituted his actual peers. The Asimov game is a constant temptation to extroverted A-listers; I’ve been known to fall into it myself. It’s not really anybody’s fault that a lot of people are fooled by it.

Another confusing fact is that though A-listers may not be about ego or status competition, they will often play such games ruthlessly and effectively when that gets them something they actually want. The something might be more money from a gig, or a night in the hay with an attractive wench, or whatever; the point is, if you catch an A-lister in that mode, you might well mistake for egotism some kinds of display behavior that actually serve much more immediate and instrumental purposes. Your typical A-lister in that situation (and this includes me, now) is blithely unconcerned that a bystander might think he’s egotistical; the money or the wench or the whatever is the goal, not the approval or disapproval of bystanders.

Finally, a lot of people confuse arrogance with ego. A-listers (and I am including myself, again, this time) are, as a rule, colossally arrogant. That is, they have utter confidence in their ability to meet challenges that would humble or break most people.

Finabocci is principle as old and useful as Universe itself.

http://www.investopedia.com/terms/f/fibonacciretracement.asp

Retesting 1000 would be actually quite bullish at this point as it would confirm strong bull trend.

Falling back to 800-850 would be also bullish, highlighting either market capitulation and removal of weak hands (meaning incoming ATH) or consolidation at the new market bottom.

Any less and we are looking at trouble.

So "iamnotback" lock the topic and you create this new one because he really don't came back? (not so bad in my mind when i read last post on it