Topic: Technicals are bad but... (Read 1973 times)

Quote from: Roy Badami on March 27, 2015, 04:48:12 PM

Quote from: twiifm on March 27, 2015, 06:14:22 PM

In order for something to be be undervalued, it has to have value in the first place.

If you really think Bitcoin has no value, why have you been wasting your time on here for the last year?

Entertainment and warning people to stay away after some idiot tried to convince my retired father to invest his retirement money in a "once in a lifetime" opportunity. Saved him like $50K in losses he was about to invest

Ive personally saved 9 people from losing about $200K in total by telling them to stay away from bubble highs. Feel great about that

There's nothing wrong with telling people not to invest during bubble highs, but to say that Bitcoin has no value is intentionally misleading. I think your continued feeling of self-importance over saving people from their own stupidity is preventing you from seeing Bitcoin in a balanced way, unfortunately.

Nope its has no value as in value investing because price is purely speculative. In order for you determine value you need fundamentals.
Things like risk adjusted return

Besides from that the economics are all wrong.

@twiifm i hope they are understanding when they miss out on the next bitcoin rise

You think bitcoin is the only investment in the world?

afbitcoins

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Quote from: bassclef on March 27, 2015, 05:28:11 PM

Quote from: Roy Badami on March 27, 2015, 04:48:12 PM

Quote from: bassclef on March 27, 2015, 05:28:11 PM

In order for something to be be undervalued, it has to have value in the first place.

If you really think Bitcoin has no value, why have you been wasting your time on here for the last year?

Entertainment and warning people to stay away after some idiot tried to convince my retired father to invest his retirement money in a "once in a lifetime" opportunity. Saved him like $50K in losses he was about to invest

Ive personally saved 9 people from losing about $200K in total by telling them to stay away from bubble highs. Feel great about that

There's nothing wrong with telling people not to invest during bubble highs, but to say that Bitcoin has no value is intentionally misleading. I think your continued feeling of self-importance over saving people from their own stupidity is preventing you from seeing Bitcoin in a balanced way, unfortunately.

Nope its has no value as in value investing because price is purely speculative. In order for you determine value you need fundamentals.
Things like risk adjusted return

Besides from that the economics are all wrong.

@twiifm i hope they are understanding when they miss out on the next bitcoin rise

twiifm

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Activity: 784

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Quote from: Roy Badami on March 27, 2015, 04:48:12 PM

In order for something to be be undervalued, it has to have value in the first place.

If you really think Bitcoin has no value, why have you been wasting your time on here for the last year?

Entertainment and warning people to stay away after some idiot tried to convince my retired father to invest his retirement money in a "once in a lifetime" opportunity. Saved him like $50K in losses he was about to invest

Ive personally saved 9 people from losing about $200K in total by telling them to stay away from bubble highs. Feel great about that

There's nothing wrong with telling people not to invest during bubble highs, but to say that Bitcoin has no value is intentionally misleading. I think your continued feeling of self-importance over saving people from their own stupidity is preventing you from seeing Bitcoin in a balanced way, unfortunately.

Nope its has no value as in value investing because price is purely speculative. In order for you determine value you need fundamentals.
Things like risk adjusted return

Besides from that the economics are all wrong.

bassclef

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Activity: 924

Merit: 1000

Quote from: Roy Badami on March 27, 2015, 04:48:12 PM

Quote from: Roy Badami on March 27, 2015, 04:48:12 PM

In order for something to be be undervalued, it has to have value in the first place.

If you really think Bitcoin has no value, why have you been wasting your time on here for the last year?

Entertainment and warning people to stay away after some idiot tried to convince my retired father to invest his retirement money in a "once in a lifetime" opportunity. Saved him like $50K in losses he was about to invest

Ive personally saved 9 people from losing about $200K in total by telling them to stay away from bubble highs. Feel great about that

There's nothing wrong with telling people not to invest during bubble highs, but to say that Bitcoin has no value is intentionally misleading. I think your continued feeling of self-importance over saving people from their own stupidity is preventing you from seeing Bitcoin in a balanced way, unfortunately.

twiifm

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Merit: 500

In order for something to be be undervalued, it has to have value in the first place.

If you really think Bitcoin has no value, why have you been wasting your time on here for the last year?

Entertainment and warning people to stay away after some idiot tried to convince my retired father to invest his retirement money in a "once in a lifetime" opportunity. Saved him like $50K in losses he was about to invest

Ive personally saved 9 people from losing about $200K in total by telling them to stay away from bubble highs. Feel great about that

Roy Badami

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Quote from: Roy Badami on March 26, 2015, 07:00:27 PM

In order for something to be be undervalued, it has to have value in the first place.

If you really think Bitcoin has no value, why have you been wasting your time on here for the last year?

Amph

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Quote from: EsaEzekiel on March 26, 2015, 12:26:46 AM

Nobody is going to invest their 401K in an asset that lost 80% in a year.

LOL

No indeed, why would they buy an undervalued asset?

Buy high, sell low!

because it could fall even lower, is bitcoin really undervaluted? what if the current price is too much for it

remember that the value of bitcoin is given by people, it has nothing to do with the supply cap

innocent93

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technicals not works in bitcoins/

While fundamental works in Bitcoin, that's why Bitcoin never made much progress in last few year.

twiifm

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Quote from: Roy Badami on March 26, 2015, 07:00:27 PM

Quote from: Miz4r on March 25, 2015, 08:30:04 PM

Nobody is going to invest their 401K in an asset that lost 80% in a year.

LOL

No indeed, why would they buy an undervalued asset?

Buy high, sell low!

In order for something to be be undervalued, it has to have value in the first place.

"It's a mirage" - Warren Buffett about Bitcoin

twiifm

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Nobody is going to invest their 401K in an asset that lost 80% in a year.

LOL

Actually that's precisely what a lot of smart investors do. After a market crash prices are relatively cheap so it's attractive to buy if you are looking to hold long term.

Yeah in an index like S&P. Not sone crappy pennystock

Roy Badami

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Quote from: Miz4r on March 25, 2015, 08:30:04 PM

Nobody is going to invest their 401K in an asset that lost 80% in a year.

LOL

No indeed, why would they buy an undervalued asset?

Buy high, sell low!

Q7

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Activity: 448

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Technicals if it can guarantee at least 60 percent chance of winning that is already good enough. So usually it will only apply in condition where there is no major news announcement expected. I don't know about you but for me, I haven't really find out one that can have that success rate, and which is why I'm a bit skeptical when it comes to so-called detailed analysis.

hector3115

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Technicals DO work in Bitcoin just like they work in anything else. Have you noticed how it's bounced off that 14 month resistance line many many times? However, technical analysis patterns are generally broken at some point in time. I think we are nearing that time to break out, and I believe the Silbert ETF could be the development that does it.

EsaEzekiel

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technicals not works in bitcoins/

tabnloz

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US investors have had an investment option forced onto them via zero interest rates for years: the stock market. People will ride that wave til the end thinking they'll time the market. The flow on from this, coupled with the relatively negative press of the last year post Gox might offer a partial explanation of the lack of comparative price speculation from US investors.

I was under the impression that China does the bulk of the btc speculating?

ajw7989

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Nobody is going to invest their 401K in an asset that lost 80% in a year.

LOL

Actually that's precisely what a lot of smart investors do. After a market crash prices are relatively cheap so it's attractive to buy if you are looking to hold long term.

The expression be fearful when others are greedy and be greedy when others are fearful holds true here. Thats the way to make profit

Miz4r

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