yes.. it broke Friday cool story 3 days late.
It's just reminder for those who haven't sold yet
selll aLLLLLLLLLLLLLLLLLLLLLLL the ci0nz!!!!2!!!!!
.. I am still joking though ..LOL!
it hurts when i lol
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31224. (Read 26623535 times)
December 09, 2013, 11:32:04 AM
It's just reminder for those who haven't sold yet
selll aLLLLLLLLLLLLLLLLLLLLLLL the ci0nz!!!!2!!!!!
.. I am still joking though ..LOL!
it hurts when i lol
December 09, 2013, 11:27:22 AM
like somebody already said> news follow price, not the other way around.
totally agreed
so ..on the 5th BTC is @ 1153. the news dropped that day or Wedneday morning and then we on Friday a whale dump happened.. are you saying that.. the whale saw that coming and were always planning to dump Friday.
The downtrend was there. The news caused a bigger crash.
December 09, 2013, 11:25:24 AM
like somebody already said> news follow price, not the other way around.
totally agreed
so ..on the 5th BTC is @ 1153. the news dropped that day or Wednesday morning and then we see on Friday a whale dump occur.. are you saying that.. the whale saw that coming and were always planning to dump Friday.
December 09, 2013, 11:21:10 AM
In this case you are losing coins, but your wealth is better protected. It's like paying "crash insurance". And if you do this always, someday you will win big when big crash comes. This isn't as easy to do as it seems in the pic.
And that is where the manipulators make their money.
True. But his approach is still the most profitable one depending on how high you place the chance for total/near total failure of BTC. Don't tell me you're 100% sure BTC will make it?!
Bitcoin may failure, but an exchange can total failure with much higher probability. (it happened countless times)
December 09, 2013, 11:20:45 AM
like somebody already said> news follow price, not the other way around.
totally agreed
December 09, 2013, 11:17:37 AM
it broke on a butt load of volume
I wouldn't be surprised to see the bitcoin market do somthing its never done b4, ignore TA and go CHOOOO CHOOOOO MOTHERFUCKERS
like what?
big holders pumping the price after that trend reversal?
good luck with that!
you do know the price only dropped cause people spread mass fear that china blanket banned bitcoin right? And that the Chinese exchange lead all "weak"end while bears sold em cheap coins.. further extrapolated by speculators noticing the trend changing and further pushing it down.
I dont buy nor sell on any news.
like somebody already said> news follow price.
uh.. I think Price followed news but whatever
December 09, 2013, 11:16:48 AM
it broke on a butt load of volume
I wouldn't be surprised to see the bitcoin market do somthing its never done b4, ignore TA and go CHOOOO CHOOOOO MOTHERFUCKERS
like what?
big holders pumping the price after that trend reversal?
good luck with that!
you do know the price only dropped cause people spread mass fear that china blanket banned bitcoin right? And that the Chinese exchange lead all "weak"end while bears sold em cheap coins.. further extrapolated by speculators noticing the trend changing and further pushing it down.
I dont buy nor sell on any news.
like somebody already said> news follow price, not the other way around.
December 09, 2013, 11:15:30 AM
it broke on a butt load of volume
I wouldn't be surprised to see the bitcoin market do somthing its never done b4, ignore TA and go CHOOOO CHOOOOO MOTHERFUCKERS
like what?
big holders pumping the price after that trend reversal?
good luck with that!
you do know the price dropped largely impart to people spreading mass fear that China blanket banned bitcoin right? And that the Chinese exchange lead all "weak"end while bears sold em cheap coins.. further extrapolated by speculators noticing the trend changing and further pushing it down.
December 09, 2013, 11:14:03 AM
it broke on a butt load of volume
I wouldn't be surprised to see the bitcoin market do somthing its never done b4, ignore TA and go CHOOOO CHOOOOO MOTHERFUCKERS
like what?
big holders pumping the price after that trend reversal?
good luck with that!
December 09, 2013, 11:10:47 AM
True. But his approach is still the most profitable one depending on how high you place the chance for total/near total failure of BTC. Don't tell me you're 100% sure BTC will make it?!
I would very much like to see his approach formulated in mathematical way, so that comparison to SSS could be made (the latter is a fully automatic strategy which in my opinion hedges against the total failure better, but cannot say for certain before gandhi provides the details of his)
Not sure I know what you want to see. Expected values of the two strategies compared? I'm only half in on the details of your SSS (I get the gist, I think: regular cash outs at likely inflection points, right
), but how do you calculate EV for your theory? Based on a simple price projection over time? If so, the comparison will fail: a) ghandibit's method is based on the non-zero possibility of a (near) total failure of BTC (if I understand him right). As in: the chance to "rescue" at least a substantial part of your fiat profits if BTC ever really really tanks. So to compare his and your method, you both need to quantify the likelihood of prices over time, not just a single 'most-likely price'.
b) more generally, his approach is still not completely spelled out: his graph shows buying back at a loss, but in his explanation he calls it "crash insurance", so the idea is probably that there are indeed conditions where you either never buy back (BTC failure), or actually manage to buy back at a btc profit (a very deep price well). So he would need to specify those conditions before it can be formally modeled and compared.
Read my SSS, so that you can comment on it based on knowledge what it is.
Gandhi's model looks nice, but is currently expressed in a way that leaves everything to active portfolio manager. So it is not a strategy that 99% could effectively employ, since they are not portfolio managers.
I am interested because of interest. If he can express some of the mathematical principles, I could use this on my work. Even if it'd be too difficult for the 99%
December 09, 2013, 11:08:17 AM
yes.. it broke Friday cool story 3 days late.
It's just reminder for those who haven't sold yet
selll aLLLLLLLLLLLLLLLLLLLLLLL the ci0nz!!!!2!!!!!
.. I am still joking though .. December 09, 2013, 11:06:44 AM
The time to sell was at 1100-1200. Buying had really died down, and the tops were flat. You could kind of justify selling at 950 now, I guess, but if you sold at, like, 600, that's kind of silly. Even if you think it will continue to go down, at least wait for the almost inevitable bounce.
So you are saying that we should have sold at the high, and not at the low? Well go figure... The more important point was the not selling at 600 part.
Actually the most important point is..... hindsight.
Did Stewie make you a time machine?
*shrug* I guess I got lucky, then.
December 09, 2013, 11:05:51 AM
yes.. it broke Friday cool story 3 days late.
It's just reminder for those who haven't sold yet
selll aLLLLLLLLLLLLLLLLLLLLLLL the ci0nz!!!!2!!!!!
December 09, 2013, 11:01:44 AM
December 09, 2013, 10:59:44 AM
True. But his approach is still the most profitable one depending on how high you place the chance for total/near total failure of BTC. Don't tell me you're 100% sure BTC will make it?!
I would very much like to see his approach formulated in mathematical way, so that comparison to SSS could be made (the latter is a fully automatic strategy which in my opinion hedges against the total failure better, but cannot say for certain before gandhi provides the details of his)
Not sure I know what you want to see. Expected values of the two strategies compared? I'm only half in on the details of your SSS (I get the gist, I think: regular cash outs at likely inflection points, right
), but how do you calculate EV for your theory? Based on a simple price projection over time? If so, the comparison will fail: a) ghandibit's method is based on the non-zero possibility of a (near) total failure of BTC (if I understand him right). As in: the chance to "rescue" at least a substantial part of your fiat profits if BTC ever really really tanks. So to compare his and your method, you both need to quantify the likelihood of prices over time, not just a single 'most-likely price'.
b) more generally, his approach is still not completely spelled out: his graph shows buying back at a loss, but in his explanation he calls it "crash insurance", so the idea is probably that there are indeed conditions where you either never buy back (BTC failure), or actually manage to buy back at a btc profit (a very deep price well). So he would need to specify those conditions before it can be formally modeled and compared.
December 09, 2013, 10:59:02 AM
broken trendline, btw
and "Three black crows" pattern
and "Three black crows" pattern
yes.. it broke Friday cool story 3 days late.
it broke on a butt load of volume
I wouldn't be surprised to see the bitcoin market do somthing its never done b4, ignore TA and go CHOOOO CHOOOOO MOTHERFUCKERS
December 09, 2013, 10:57:33 AM
yes.. it broke Friday cool story 3 days late.
It's just reminder for those who haven't sold yet
December 09, 2013, 10:55:55 AM
broken trendline, btw
and "Three black crows" pattern
and "Three black crows" pattern
yes.. it broke Friday cool story 3 days late.
yes I'm grumpy.
December 09, 2013, 10:53:59 AM
broken trendline, btw
and "Three black crows" pattern
So, that's what we have seen last days:
and "Three black crows" pattern
So, that's what we have seen last days:
December 09, 2013, 10:52:08 AM
ok so above 900 in the next few hours?
for bitstamp, yes, and not before a bit more of a lenghy but not too deep dip
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