There is a lot of emotion and especially "dumb money" in the BTC markets, that's one of the reasons it's so easy to trade.
You can see that by simply looking at the chart, you can see it if you actively trade, and you can certainly see it if you read the reddit bitcoin subforum .-.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 22698. (Read 26710069 times)
March 01, 2015, 12:32:57 PM
March 01, 2015, 12:26:44 PM
Why do you keep doing it, Bitcoiners?
Think of the children!
March 01, 2015, 12:26:37 PM
If it breaks the trend line currently sitting at around 238-240 with decent volume, it's done.
March 01, 2015, 12:24:13 PM
See my post above. There may be "super-traders" that successfully play such complicated short-term trading strategies, and they may take money from less sophisticated traders; but, averaged over all traders, short-term trading will always be a losing game.
I'm curious what you think of poker and how it compares to the argument you are making.However, in day trading there are thousands of players who do not know each other. There there seems to be less room for successful psychological manipulation in that case.
March 01, 2015, 12:22:17 PM
Why do you keep doing it, Bitcoiners?
March 01, 2015, 12:16:40 PM
Short term trading in bitcoin is otherwise known as gambling.
definetly more predictable and profitable than gambling...
hmmm well i'm long on everything........i HODL because imo the worst situation to be in is holding usd fiat. ......... i will add to but never pull any out of my mined hoard....that keeps me forever always perma-long no matter what trading i am doing .....i buy few coins to trade gamble play with though ... i going to be like billyjoe soon and start yelling i want MOAR!....... that why i did that because i rather be always long than stuck in usd fiat .... i'm not sure if can classify what i am doing as really trading/gambling or not lol ....
March 01, 2015, 12:06:01 PM
Folks who say that "trading is gambling" or that "you shouldn't trade because most traders lose money" are the ones who never took the time to learn what TA is, how they are supposed to use it and never tried to apply it (in the correct way) in real markets for any significant amount of time.
If you don't trade then no problem, but if you didn't do these things and you actually trade (most people), well, you are the reason why the BTC markets are so easy to trade
Sure, if all market participants knew the simple tools it would probably be different. Fun fact tho: they don't.
Y'all woud be surprised of how easy this shit can be, you don't have to be a genius or a "super-trader".
PS: I'm talking about playing the major moves (once or twice a month for at least 20% and more, maximizing profits with the least effort), not stryctly "daytrading" (closing the position in a day/few days), you risk getting screwed by noise and stressing yourself for nothing if you do that in the BTC markets.
If you don't trade then no problem, but if you didn't do these things and you actually trade (most people), well, you are the reason why the BTC markets are so easy to trade
Sure, if all market participants knew the simple tools it would probably be different. Fun fact tho: they don't.
Y'all woud be surprised of how easy this shit can be, you don't have to be a genius or a "super-trader".
PS: I'm talking about playing the major moves (once or twice a month for at least 20% and more, maximizing profits with the least effort), not stryctly "daytrading" (closing the position in a day/few days), you risk getting screwed by noise and stressing yourself for nothing if you do that in the BTC markets.
March 01, 2015, 12:05:42 PM
nice, Bulls now paying 0.05% on var and 0.07% on top for their lev. in addition they are getting burned again. This is goona hurt.
Ha.
This is where tarmi tells us he dumped at 258.
res ipsa loquitur.
March 01, 2015, 12:05:06 PM
March 01, 2015, 11:59:28 AM
March 01, 2015, 11:43:51 AM
See my post above. There may be "super-traders" that successfully play such complicated short-term trading strategies, and they may take money from less sophisticated traders; but, averaged over all traders, short-term trading will always be a losing game.
I'm curious what you think of poker and how it compares to the argument you are making.
Poker where the house [exchange] takes a cut [rake;
March 01, 2015, 11:28:55 AM
nice, Bulls now paying 0.05% on var and 0.07% on top for their lev. in addition they are getting burned again. This is goona hurt.
Ha.
This is where tarmi tells us he dumped at 258.
March 01, 2015, 11:27:53 AM
See my post above. There may be "super-traders" that successfully play such complicated short-term trading strategies, and they may take money from less sophisticated traders; but, averaged over all traders, short-term trading will always be a losing game.
I'm curious what you think of poker and how it compares to the argument you are making.
March 01, 2015, 11:26:03 AM
Do you consider everyone else here on BCT other then yourself mentally feeble? Everyone has own brain to decide what to do. And it turns out that HODLING at 700 was sound advice because it went up to almost 1200.
To be fair, he did admit to being institutionalized, though I don't recall the fine details because it was so long ago and I couldn't give enough of a shit to retain them.
March 01, 2015, 11:25:46 AM
Short term trading in bitcoin is otherwise known as gambling.
definetly more predictable and profitable than gambling...
March 01, 2015, 11:22:03 AM
nice, Bulls now paying 0.05% on var and 0.07% on top for their lev. in addition they are getting burned again. This is goona hurt.
March 01, 2015, 11:21:43 AM
...
Are we sure that this is the real Jorge Stolfi? ...
Are we sure that this is the real Jorge Stolfi? ...
Could it really be said that illiterate ditch-diggers such as yourselves may be certain of anything? In light of the multitude of wrongs you hold as self-evident certainties, what would that even mean?
*A serious, deeply metaphysical question.
March 01, 2015, 11:11:36 AM
i going to have to get some more new coins to trade with... only place i can trade is btc-e right now .........if u call what i do trading .
some will says that you gamble.
maybe ...or maybe i crash stuffs.......hhahhahhahhahha
March 01, 2015, 11:10:45 AM
Well, the price being 252$, it means that everybody who who owns bitcoin thinks that they are worth more than 245$; but, on the other hand, everybody in the world who has some money to spare thinks that 1 BTC is not worth 255$.
You really are not much of an economist, are you ?
How does such an oversimplifying way to look at economic choice even go together with your ability to solve abstract mathematical problems?Okay. To name just one objection to such an incredibly naive model of the market:
Misrepresentation of your actual valuation for strategic purposes.
Similar to the misrepresentation, "tactical voting", in voting theory: sometimes it is individually rational for an actor not to cast a vote according to his sincere preference.
Are we sure that this is the real Jorge Stolfi? Maybe the real Jorge Stolfi is a reasoned and thoughtful person who knows what he's talking about. Maybe we are contributing to damaging his good name and reputation by arguing with this imposter. Brazil can't be that desperate.
March 01, 2015, 11:07:45 AM
Short term trading in bitcoin is otherwise known as gambling.
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