Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 24406.

ShroomsKit

hero member

Activity: 672

Merit: 500

Quote from: alex0909 on November 22, 2014, 11:59:27 AM

I have a feeling that support from a company or one move from a state will change the game.
ETF, Changetip mass adoption, Paypal , i have no clue what will ignite the next growth stage...

In 2014 the network strengthened itself a lot, the number of bitcoin startups is climbing every day, if this is not a growing technology what is. But it takes time, and this year did not break bitcoin as a medium of exchange and payment system. But it was a bad year as a speculative investment if you just bought in.

So yeah, i'm pretty confused about the trend right now, but bottom might have been found. What else can you expect after a year of gradual decline? A new high in a matter of weeks? I would prefer a stable period of growth. More and more people get the bitcoin bug each day.

We had several upwards trends but they were quickly killed by the traders who were desperate to take 50 bucks profit.
This will happen for many more times to come. Possibly till there simply are no buyers anymore.

Every time there are new buyers traders will dump straight in their face and scare them away.

That's how you stop adoption. Traders are Bitcoin's cancer. Slowly killing it.

N12

donator

Activity: 1610

Merit: 1010

Quote from: ShroomsKit on October 28, 2014, 12:41:04 PM

I will leave this place soon. Bitcoin is dead, it's only down from here and i sold everything i got quite a while ago so there is nothing for me here anymore.
I tried to help the few delusional bulls who just won't give up but they don't appreciate my warnings very much. Ah well, your money. I don't care really.
I'll come back every 50 dollar drop for some entertainment. So long and thanks for buying my coins at 400. Poor schmucks.

Good luck with your pump and dump coin.

Quote from: ShroomsKit on October 28, 2014, 06:41:43 PM

I feel sorry for all the idiots who sold at these ridiculous prices and i will laugh at all the bears who will get caught in trap after trap the coming weeks.

The only winners are the holders (like me) and the people who pick up the last cheap coins while they can.

We're going up and it's confirmed!

Quote from: ShroomsKit on November 21, 2014, 12:15:52 AM

None at the moment. Not sure if i will buy back again. I invest in other things now.

ShroomsKit

hero member

Activity: 672

Merit: 500

Quote from: BlindMayorBitcorn on November 22, 2014, 09:13:55 AM

Quote from: ShroomsKit on November 22, 2014, 07:21:56 AM

Quote from: galdur on November 22, 2014, 06:30:36 AM

Nice. Up 3.3%/24 hrs.

It's called a pump. After that comes the dump.

When you're right you're right

Yeah. It was some crazy TA i did there.

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

alex0909

sr. member

Activity: 261

Merit: 250

I have a feeling that support from a company or one move from a state will change the game.
ETF, Changetip mass adoption, Paypal , i have no clue what will ignite the next growth stage...

In 2014 the network strengthened itself a lot, the number of bitcoin startups is climbing every day, if this is not a growing technology what is. But it takes time, and this year did not break bitcoin as a medium of exchange and payment system. But it was a bad year as a speculative investment if you just bought in.

So yeah, i'm pretty confused about the trend right now, but bottom might have been found. What else can you expect after a year of gradual decline? A new high in a matter of weeks? I would prefer a stable period of growth. More and more people get the bitcoin bug each day.

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: macsga on November 22, 2014, 01:39:57 AM

In modern times, BTC instead of gold should do it. Funny that J.P. Morgan stated that back then... Roll Eyes

A misquote of "Money is gold, and nothing else," an evasive answer by JP Morgan during the Pujo Committee investigation, an investigation which concluded that

"...at least eighteen different major financial corporations were under the control of a cartel led by J.P Morgan, George F Baker and James Stillman. These three men, through the resources of seven banks and trust companies (Banker’s Trust Co., Guaranty Trust Co., Astor Trust Co., National Bank of Commerce, Liberty National Bank, Chase National Bank, Farmer’s Loan and Trust Co.) controlled an estimated $2.1 billion. The report revealed that a handful of men held manipulative control of the New York Stock Exchange and attempted to evade interstate trade laws."

Nice one Roll Eyes

bad trader

sr. member

Activity: 344

Merit: 250

Quote from: wachtwoord on November 22, 2014, 11:44:03 AM

Quote from: bad trader on November 22, 2014, 11:42:41 AM

Quote from: wachtwoord on November 22, 2014, 11:36:41 AM

Quote from: bad trader on November 22, 2014, 11:35:29 AM

Quote from: noobtrader on November 22, 2014, 11:31:42 AM

Quote from: bad trader on November 22, 2014, 11:24:05 AM

Not sure what triggered this line touching. Low volume?

testing bull support Huh

im dont know what to do, should i short few btc or stay...

I have no idea. It's a good thing (for me) that I'm just waiting for this to crash for whatever reason.

Never, EVER, short Bitcoin.

Yeah, it usually ends up badly for me. Recently because I stupidly panic buy at a loss. Not going to do that this time. (Not yet anyway. No, I'll wait for the top like always.)

Limited supply of something which could potentially be huge implies a risk that does not outweigh the possible gains of shorting.

But in a bear market, wouldn't the loss of potential gains of something in a limited supply outweight the risk of not shorting? Wait.. what?! %-)

noobtrader

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Activity: 1456

Merit: 1000

Quote from: wachtwoord on November 22, 2014, 11:44:03 AM

Quote from: bad trader on November 22, 2014, 11:42:41 AM

Quote from: wachtwoord on November 22, 2014, 11:36:41 AM

Quote from: bad trader on November 22, 2014, 11:35:29 AM

Quote from: noobtrader on November 22, 2014, 11:31:42 AM

Quote from: bad trader on November 22, 2014, 11:24:05 AM

Not sure what triggered this line touching. Low volume?

testing bull support Huh

im dont know what to do, should i short few btc or stay...

I have no idea. It's a good thing (for me) that I'm just waiting for this to crash for whatever reason.

Never, EVER, short Bitcoin.

Yeah, it usually ends up badly for me. Recently because I stupidly panic buy at a loss. Not going to do that this time. (Not yet anyway. No, I'll wait for the top like always.)

Limited supply of something which could potentially be huge implies a risk that does not outweigh the possible gains of shorting.

arrrrhhh i shorted 1 Grin

let see what happen, i will left bid and hope for the best...

note @ self : never sold at support, sold at resistance is good

wachtwoord

legendary

Activity: 2324

Merit: 1125

Quote from: bad trader on November 22, 2014, 11:42:41 AM

Quote from: wachtwoord on November 22, 2014, 11:36:41 AM

Quote from: bad trader on November 22, 2014, 11:35:29 AM

Quote from: noobtrader on November 22, 2014, 11:31:42 AM

Quote from: bad trader on November 22, 2014, 11:24:05 AM

Not sure what triggered this line touching. Low volume?

testing bull support Huh

im dont know what to do, should i short few btc or stay...

I have no idea. It's a good thing (for me) that I'm just waiting for this to crash for whatever reason.

Never, EVER, short Bitcoin.

Yeah, it usually ends up badly for me. Recently because I stupidly panic buy at a loss. Not going to do that this time. (Not yet anyway. No, I'll wait for the top like always.)

Limited supply of something which could potentially be huge implies a risk that does not outweigh the possible gains of shorting.

bad trader

sr. member

Activity: 344

Merit: 250

Quote from: wachtwoord on November 22, 2014, 11:36:41 AM

Quote from: bad trader on November 22, 2014, 11:35:29 AM

Quote from: noobtrader on November 22, 2014, 11:31:42 AM

Quote from: bad trader on November 22, 2014, 11:24:05 AM

Not sure what triggered this line touching. Low volume?

testing bull support Huh

im dont know what to do, should i short few btc or stay...

I have no idea. It's a good thing (for me) that I'm just waiting for this to crash for whatever reason.

Never, EVER, short Bitcoin.

Yeah, it usually ends up badly for me. Recently because I stupidly panic buy at a loss. Not going to do that this time. (Not yet anyway. No, I'll wait for the top like always.)

shmadz

legendary

Activity: 1512

Merit: 1000

@theshmadz

Quote from: oda.krell on November 22, 2014, 11:33:55 AM

Quote from: shmadz on November 22, 2014, 11:21:54 AM

Thanks Oda, let me clarify.

As I understand it, Trading without a stop loss simply means that you cannot be forced out of your position without active participation.

Placing a stop effectively allows the trading platform, or bot, to automate the decision.

Personally, through my own testing, I've chosen to make my own decisions, because I suck at programming bots.

Completely agreed on the practical side of what you're saying. Especially if you're margin trading and stop hunting really becomes an issue, I suppose.

The problem is just that without a stop, your maximum loss is in principle 1 (of a position of size 1), so the Kelly criterion will usually whoop your ass unless you're pretty close to 100% sure you can't lose.

In practice, even if you don't set a hard stop, you probably have something like a stop in mind anyway, and I'm just being a pedant here Cheesy

EDIT: Oh, understood it now. You mean, you don't have a stop order sitting on the exchange, while I thought you meant setting stop losses in general.

Precisely.

I just hope that "retail investors" fully understand the counter-party risk involved when you give control of your bitcoin to a third party.

wachtwoord

legendary

Activity: 2324

Merit: 1125

Quote from: macsga on November 22, 2014, 01:39:57 AM

In modern times, BTC instead of gold should do it. Funny that J.P. Morgan stated that back then... Roll Eyes

This man understood what's what. Why do you think JP Morgan is still going strong?

wachtwoord

legendary

Activity: 2324

Merit: 1125

Quote from: bad trader on November 22, 2014, 11:35:29 AM

Quote from: noobtrader on November 22, 2014, 11:31:42 AM

Quote from: bad trader on November 22, 2014, 11:24:05 AM

Not sure what triggered this line touching. Low volume?

testing bull support Huh

im dont know what to do, should i short few btc or stay...

I have no idea. It's a good thing (for me) that I'm just waiting for this to crash for whatever reason.

Never, EVER, short Bitcoin.

bad trader

sr. member

Activity: 344

Merit: 250

Quote from: noobtrader on November 22, 2014, 11:31:42 AM

Quote from: bad trader on November 22, 2014, 11:24:05 AM

Not sure what triggered this line touching. Low volume?

testing bull support Huh

im dont know what to do, should i short few btc or stay...

I have no idea. It's a good thing (for me) that I'm just waiting for this to crash for whatever reason.

oda.krell

legendary

Activity: 1470

Merit: 1007

Quote from: shmadz on November 22, 2014, 11:21:54 AM

Thanks Oda, let me clarify.

As I understand it, Trading without a stop loss simply means that you cannot be forced out of your position without active participation.

Placing a stop effectively allows the trading platform, or bot, to automate the decision.

Personally, through my own testing, I've chosen to make my own decisions, because I suck at programming bots.

Completely agreed on the practical side of what you're saying. Especially if you're margin trading and stop hunting really becomes an issue, I suppose.

The problem is just that without a stop, your maximum loss is in principle 1 (of a position of size 1), so the Kelly criterion will usually whoop your ass unless you're pretty close to 100% sure you can't lose.

In practice, even if you don't set a hard stop, you probably have something like a stop in mind anyway, and I'm just being a pedant here Cheesy

EDIT: Oh, understood it now. You mean, you don't have a stop order sitting on the exchange, while I thought you meant setting stop losses in general.

Richy_T

legendary

Activity: 2674

Merit: 2373

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: macsga on November 22, 2014, 01:39:57 AM

In modern times, BTC instead of gold should do it. Funny that J.P. Morgan stated that back then... Roll Eyes

That wasn't a statement, that was a game plan.

noobtrader

legendary

Activity: 1456

Merit: 1000

Quote from: bad trader on November 22, 2014, 11:24:05 AM

Not sure what triggered this line touching. Low volume?

testing bull support Huh

im dont know what to do, should i short few btc or stay...

bad trader

sr. member

Activity: 344

Merit: 250

Not sure what triggered this line touching. Low volume?

shmadz

legendary

Activity: 1512

Merit: 1000

@theshmadz

Quote from: oda.krell on November 22, 2014, 11:13:14 AM

Quote from: shmadz on November 22, 2014, 10:53:35 AM

Quote from: janos666 on November 22, 2014, 10:43:43 AM

Quote from: shmadz on November 22, 2014, 10:35:18 AM

Quote from: janos666 on November 22, 2014, 10:29:54 AM

Quote from: shmadz on November 22, 2014, 10:20:20 AM

Quote from: janos666 on November 22, 2014, 10:18:25 AM

Quote from: shmadz on November 22, 2014, 10:11:31 AM

As long as you enter each position with the expectation that you could lose everything, then I think you'll be fine.

What about STOP orders?

Not a fan personally.

I find they tend to get triggered at the least opportune times.

I agree. But getting stopped out halfway is better than getting margin called. And it makes it harder to loose "everything".

In warfare, the ones who are willing to lose the most have the advantage.

Winning a battle != winning the war

Agreed.

When you actively trade, you need to win those "battles"

Your stake depends on winning the battles.

When you make strategic investments, you are wagering on the eventual outcome.

It's just a different kind of bet.

Not sure I get the point. Trading vs. investing just changes the frequency with which trades are entered, and the basis on which you base your decision to enter them.

Trading without stop losses most certainly is no different from gambling at a roulette table. With stops and profit targets, it depends on whether you have a predictive edge over the market (which is easily answered to the negative in case you believe that to be impossible in principle Cheesy

). Same for investing, however: without any edge, the proverbial dart throwing monkey performs just as well as you do.

Thanks Oda, let me clarify.

As I understand it, Trading without a stop loss simply means that you cannot be forced out of your position without active participation.

Placing a stop effectively allows the trading platform, or bot, to automate the decision.

Personally, through my own testing, I've chosen to make my own decisions, because I suck at programming bots.

oda.krell

legendary

Activity: 1470

Merit: 1007

Quote from: shmadz on November 22, 2014, 10:53:35 AM

Quote from: janos666 on November 22, 2014, 10:43:43 AM

Quote from: shmadz on November 22, 2014, 10:35:18 AM

Quote from: janos666 on November 22, 2014, 10:29:54 AM

Quote from: shmadz on November 22, 2014, 10:20:20 AM

Quote from: janos666 on November 22, 2014, 10:18:25 AM

Quote from: shmadz on November 22, 2014, 10:11:31 AM

As long as you enter each position with the expectation that you could lose everything, then I think you'll be fine.

What about STOP orders?

Not a fan personally.

I find they tend to get triggered at the least opportune times.

I agree. But getting stopped out halfway is better than getting margin called. And it makes it harder to loose "everything".

In warfare, the ones who are willing to lose the most have the advantage.

Winning a battle != winning the war

Agreed.

When you actively trade, you need to win those "battles"

Your stake depends on winning the battles.

When you make strategic investments, you are wagering on the eventual outcome.

It's just a different kind of bet.

Not sure I get the point. Trading vs. investing just changes the frequency with which trades are entered, and the basis on which you base your decision to enter them.

Trading without stop losses most certainly is no different from gambling at a roulette table. With stops and profit targets, it depends on whether you have a predictive edge over the market (which is easily answered to the negative in case you believe that to be impossible in principle Cheesy

). Same for investing, however: without any edge, the proverbial dart throwing monkey performs just as well as you do.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 24406. (Read 26714193 times)