Topic: Wall Observer BTC/USD - Bitcoin price movement tracking &amp; discussion - page 32952. (Read 26467316 times)

Quote from: EuroTrash on June 15, 2013, 05:25:07 PM

Instead of evidence you people really should talk about probabilities or indications instead. Evidence is a way too strong word to use when trying to predict the behaviour of a market.

Evidence can give an indication of what will happen, sometimes with a probability attached.

I think the market is too small for that, too easily influenced/manipulated. TA works better on the FOREX than at this size. Besides, all indicators are _lagging_.

I was making the point that 'evidence' is the right word there.

I take your point about manipulation, it's shockingly effective, but I think people begin to see through it eventually (hence the consistent declines in volume as people get fed up). Surely whales can only feed for so long before the plankton realise that they're losing more and more money and leave.

I think there is some cultural bias in the meaning of "evidence". Anyway, I understand what you mean.

The problem with the whales is they are really too big & I don't see any whaler...

Don't need a whaler if there's no food supply. I hope.

Nope

(but I don't see the plankton running for the abyss either)

they're small, difficult to spot. Grin

Rampion

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Quote from: Rampion on June 15, 2013, 12:41:59 PM

Quote from: 10c on June 15, 2013, 12:34:24 PM

Quote from: adamstgBit on June 15, 2013, 12:22:04 PM

MtGox can do wire transfer to anywhere in the world including US

people are selling because they are scared

mmm good luck with that.
I made a withdrawal pre bubble burst and have yet to receive funds....

I made at least 3 reasonably big withdrawals (5 figures each) post bubble burst and I received the money in 2/3 days. SEPA transfers. In that sense Gox works like a charm for me, I guess that being fully verified and having requested to have the higher limits help?

Didn't help me with SEPA and I'm also fully verified.

I don't know why but it's working very fast for me. High 5 figures cashed out in 3 separate withdrawals that came through in 3 days max each one. Last one was initiated last Sunday and arrived on Tuesday. I have to say I have no complaint with Gox on that sense.

EuroTrash

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Quote from: Rampion on June 15, 2013, 12:41:59 PM

Quote from: 10c on June 15, 2013, 12:34:24 PM

Quote from: adamstgBit on June 15, 2013, 12:22:04 PM

MtGox can do wire transfer to anywhere in the world including US

people are selling because they are scared

mmm good luck with that.
I made a withdrawal pre bubble burst and have yet to receive funds....

I made at least 3 reasonably big withdrawals (5 figures each) post bubble burst and I received the money in 2/3 days. SEPA transfers. In that sense Gox works like a charm for me, I guess that being fully verified and having requested to have the higher limits help?

Didn't help me with SEPA and I'm also fully verified.

KS

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Activity: 448

Merit: 250

Quote from: sarc on June 15, 2013, 05:19:12 PM

Quote from: KS on June 15, 2013, 04:17:24 PM

Quote from: IG0BR0KE on June 15, 2013, 05:05:13 PM

Instead of evidence you people really should talk about probabilities or indications instead. Evidence is a way too strong word to use when trying to predict the behaviour of a market.

Evidence can give an indication of what will happen, sometimes with a probability attached.

I think the market is too small for that, too easily influenced/manipulated. TA works better on the FOREX than at this size. Besides, all indicators are _lagging_.

I was making the point that 'evidence' is the right word there.

I take your point about manipulation, it's shockingly effective, but I think people begin to see through it eventually (hence the consistent declines in volume as people get fed up). Surely whales can only feed for so long before the plankton realise that they're losing more and more money and leave.

I think there is some cultural bias in the meaning of "evidence". Anyway, I understand what you mean.

The problem with the whales is they are really too big & I don't see any whaler...

Don't need a whaler if there's no food supply. I hope.

Nope

(but I don't see the plankton running for the abyss either)

KS

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Activity: 448

Merit: 250

what do you mean by "trade", if you're talking about daytrading then i'm 100% agree that it's way too risky and hardly predictable on bitcoin but im actually doing 3-4 trades/month based on daily chart and it works correctly.

Yes, I meant day trading.

Have you tried the bots?

sarc

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Quote from: KS on June 15, 2013, 04:17:24 PM

Quote from: IG0BR0KE on June 15, 2013, 04:33:57 PM

Instead of evidence you people really should talk about probabilities or indications instead. Evidence is a way too strong word to use when trying to predict the behaviour of a market.

Evidence can give an indication of what will happen, sometimes with a probability attached.

I think the market is too small for that, too easily influenced/manipulated. TA works better on the FOREX than at this size. Besides, all indicators are _lagging_.

I was making the point that 'evidence' is the right word there.

I take your point about manipulation, it's shockingly effective, but I think people begin to see through it eventually (hence the consistent declines in volume as people get fed up). Surely whales can only feed for so long before the plankton realise that they're losing more and more money and leave.

I think there is some cultural bias in the meaning of "evidence". Anyway, I understand what you mean.

The problem with the whales is they are really too big & I don't see any whaler...

Don't need a whaler if there's no food supply. I hope.

IG0BR0KE

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Activity: 56

Merit: 0

what do you mean by "trade", if you're talking about daytrading then i'm 100% agree that it's way too risky and hardly predictable on bitcoin but im actually doing 3-4 trades/month based on daily chart and it works correctly.

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

KS

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Quote from: KS on June 15, 2013, 04:20:31 PM

Quote from: IG0BR0KE on June 15, 2013, 03:50:01 PM

Quote from: KS on June 15, 2013, 04:20:31 PM

Instead of evidence you people really should talk about probabilities or indications instead. Evidence is a way too strong word to use when trying to predict the behaviour of a market.

Evidence can give an indication of what will happen, sometimes with a probability attached.

edit: I don't mean TA is not useful but you have to be real quick to react when a whale or other manipulator decides to play and messes up your nice TA.

whales are buying at specific time, that's why we use TA... (im not including manipulators)

That feels like an abuse of the acronym. Do you use TA to predict when they will buy, or to predict what/how much they will buy etc?

i think it's impossible to predict how much they will buy

, dont rly like "predict" i prefer to anticipate when they could buy. they're not silly most of the time they're buying on massive resistance like the most of us.

TA isn't everything we have to keep an eye on news ect.. but i cant understand how people can trade without TA

I would venture those usually end up in the loosing side of the zero sum game, go away, and then are replaced by others.

I've studied TA some 20 years ago, going through some refreshers, but RIGHT NOW, I wouldn't trade BTC. I would buy more if I had the fiat in an exchange, as an investment, but I need to study the patterns better before trading. It's going too fast

IG0BR0KE

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Quote from: IG0BR0KE on June 15, 2013, 03:50:01 PM

Quote from: IG0BR0KE on June 15, 2013, 03:50:01 PM

Instead of evidence you people really should talk about probabilities or indications instead. Evidence is a way too strong word to use when trying to predict the behaviour of a market.

Evidence can give an indication of what will happen, sometimes with a probability attached.

edit: I don't mean TA is not useful but you have to be real quick to react when a whale or other manipulator decides to play and messes up your nice TA.

whales are buying at specific time, that's why we use TA... (im not including manipulators)

That feels like an abuse of the acronym. Do you use TA to predict when they will buy, or to predict what/how much they will buy etc?

i think it's impossible to predict how much they will buy

, dont rly like "predict" i prefer to anticipate when they could buy. they're not silly most of them are buying on massive resistance like the most of us.

TA isn't everything we have to keep an eye on news ect.. but i cant understand how people can trade without TA

KS

sr. member

Activity: 448

Merit: 250

Instead of evidence you people really should talk about probabilities or indications instead. Evidence is a way too strong word to use when trying to predict the behaviour of a market.

Evidence can give an indication of what will happen, sometimes with a probability attached.

edit: I don't mean TA is not useful but you have to be real quick to react when a whale or other manipulator decides to play and messes up your nice TA.

whales are buying at specific time, that's why we use TA... (im not including manipulators)

That feels like an abuse of the acronym. Do you use TA to predict when they will buy, or to predict what/how much they will buy etc?

KS

sr. member

Activity: 448

Merit: 250