Bitcoin technical analysis | Page 17 | Crypto Craft

Options

Go to
Permalinks
Print Thread

Related Instruments

BTC/USD

Similar Threads

Bitcoin-Family math and technical analysis 21 replies

Bitcoin Analysis 22 replies

Fundamental Analysis, Technical Analysis Or Graph Analysis? 28 replies

Attachments: Bitcoin technical analysis
Exit Attachments

Bitcoin technical analysis

  • #321
  • Dec 4, 2013 10:59pm Dec 4, 2013 10:59pm
Quoting venzen
A good case in point for all those thinking to listen to old Nick and speculate with their hard-earned cash in the markets: Isaac Newton lost his 1 lot speculating in the South Sea bubble and, ironically, had his own lesson in "market gravity". What I don't get is how he ends up "broke" as a result of the bubble crashing? Did he buy on margin? Did his broker's high leverage offering prove too much of a temptation? Did he keep moving his SL? Nonsense, man! He lost what he put in so fair game! If one lot wiped him out then he over-sized his position....
well if you invest or overtrade you are expose to end up like him, but if you use your stops and money management like you say, you may have loses but not the whole acc, now if you are greedy like you say, then is another story, never bet the whole house in a trade, it may take longer to make money but you will stay in the game longer also, I know many friends that had may a lot of money in the markets, but I don't see them in FF today, maybe retire who knows.........
The Chonchy
  • #322
  • Dec 4, 2013 11:09pm Dec 4, 2013 11:09pm
I do not see how bitcoin is different from tulips. They also gone unbelievably expensive for no obvious reason and were hoarded as store of value.

How is merchandise priced in bitcoin? Is iPhone now only 0.5 of the coin after going for 5 coins short time ago?

Looks like hyper deflation. Are things being repriced in bitcoin daily or weekly?
  • #323
  • Dec 4, 2013 11:54pm Dec 4, 2013 11:54pm
Quoting grin
I do not see how bitcoin is different from tulips. They also gone unbelievably expensive for no obvious reason and were hoarded as store of value. How is merchandise priced in bitcoin? Is iPhone now only 0.5 of the coin after going for 5 coins short time ago? Looks like hyper deflation. Are things being repriced in bitcoin daily or weekly?
Bitcoin has a dollar value. What's the difference between a bitcoin, tulips, a '69 Shelby Mustang, bear pelts in 1810? They all had value to those that hold them.

It is irrelevant whether a sub-group or vast majority finds them worthless because they are not the ones buying them. I wouldn't buy a $500K Jackson Pollack , but it's value is not determined on what I think.

It's determined on what people are willing to buy it for, and there are those people.
When the facts change I change my mind, what do you do sir
  • #324
  • Dec 4, 2013 11:56pm Dec 4, 2013 11:56pm
Quoting Pip Anon
{quote} Bitcoin has a dollar value. What's the difference between a bitcoin, tulips, a '69 Shelby Mustang, bear pelts in 1810? They all had value to those that hold them. It is irrelevant whether a sub-group or vast majority finds them worthless because they are not the ones buying them. I wouldn't buy a $500K Jackson Pollack , but it's value is not determined on what I think. It's determined on what people are willing to buy it for, and there are those people.
this bitcoin is going to get hammered very fast. I really wonder would you call this a trade in any sense. electronic money traded against the dollar. bullshit
  • #325
  • Dec 5, 2013 12:08am Dec 5, 2013 12:08am
Quoting grin
I do not see how bitcoin is different from tulips. They also gone unbelievably expensive for no obvious reason and were hoarded as store of value. How is merchandise priced in bitcoin? Is iPhone now only 0.5 of the coin after going for 5 coins short time ago? Looks like hyper deflation. Are things being repriced in bitcoin daily or weekly?
did tulips cost $ 25 000 dollars to mine?


http://www.ebay.com/itm/HUGE-Bitcoin...item3387b2d965

or $ 10, 000 dollars to mine....

http://www.ebay.com/itm/KNC-Bitcoin-...21319977317%26

or $44. 000 dollars to mine.......

http://www.ebay.com/itm/1-1-2TH-s-AV...item3387c20379

just saying you know, do you think that people that invest this kind of money in making bitcoins are going to let it go sheap, oh well stay out and then kick yourself in the rear for not jumping in the wagon at the correct time, wish it was two months ago when it was at 70 dollars a BTC........keep waiting, I will keep mining.......if it crash, I had fun, and if it goes to $ 2000 I will sale some of it up there like venzen said.......sale high buy low........simple....
The Chonchy
  • #326
  • Dec 5, 2013 12:09am Dec 5, 2013 12:09am
Quoting giveachance
{quote} this bitcoin is going to get hammered very fast. I really wonder would you call this a trade in any sense. electronic money traded against the dollar. bullshit
A trade is a trade. I personally think the idea is silly (the product itself). What I said, and meant, was that there is a dollar value to bitcoin. In Jan. bitcoin was $14... I mean really $1200+ in 11 months?.

Then again day in and day out, people trade bonds that are backed by the "full faith and credit" of the American government, or equities in a constant boom and bust cycle.

Its all kind of the same. I haven't traded bitcoin, and probably won't due to the complications in liquidity and conversion.


But I've traded stocks, bonds, interest rate products, currencies (physical and paper), soft commodities, energy derivatives, precious metals (physical and paper), and CFDs.

I won't knock those that trade bitcoin. I just don't believe in the product itself, but the point of any trading is to profit and for those that can so be it.

In most cases, I or fellow traders, don't really care about the medium traded as long as it is profitable. I could flip a stock for profit at 11:59 and the company go bankrupt at noon and be ok with it.
When the facts change I change my mind, what do you do sir
  • #327
  • Dec 5, 2013 12:10am Dec 5, 2013 12:10am
Quoting giveachance
{quote} this bitcoin is going to get hammered very fast. I really wonder would you call this a trade in any sense. electronic money traded against the dollar. bullshit

is more difficult to make a bitcoin than a dollar or an euro or a pound or any fiat currency, so there is value..........or this is not expensive?

http://www.ebay.com/itm/Butterfly-La...21320971129%26
The Chonchy
  • #328
  • Dec 5, 2013 12:12am Dec 5, 2013 12:12am
the problem here is that people don't read anymore

http://www.banking.senate.gov/public...f-c23be8ff4cad
The Chonchy
  • #329
  • Dec 5, 2013 12:14am Dec 5, 2013 12:14am
nice rig.......

http://www.ebay.co.uk/itm/KNCMINER-N...21319977317%26

http://i.ebayimg.com/t/KNCMINER-NEPT...Snt2n/$_12.JPG
The Chonchy
  • #330
  • Dec 5, 2013 12:17am Dec 5, 2013 12:17am
This guys makes $1000 of dollars a day with this rigs......

https://bitcointalk.org/index.php?topic=7216.4120
The Chonchy
  • #331
  • Dec 5, 2013 12:27am Dec 5, 2013 12:27am
Quoting Pip Anon
{quote} Bitcoin has a dollar value. What's the difference between a bitcoin, tulips, a '69 Shelby Mustang, bear pelts in 1810? They all had value to those that hold them. It is irrelevant whether a sub-group or vast majority finds them worthless because they are not the ones buying them. I wouldn't buy a $500K Jackson Pollack , but it's value is not determined on what I think. It's determined on what people are willing to buy it for, and there are those people.
BC is not meant to be a collectible. It is measure of value and a mean of exchange to facilitate trade. iPhone 0.5 coins, car 20 coins. Your annual pay 80 coins in today's value to USD.

Let's say a few months ago you were hired for 800 coins per annum. Who will buy your output today when BC is $1,000 when they can import labour from USD world for a fraction of your value, i.e. for only 80 coins? Either you will have to take weekly pay cuts or value of the coin got to go down.

If you have to reprice your pay to compete with USD world, the value of the currency is lost. What is the point of having it then?
  • #332
  • Dec 5, 2013 12:34am Dec 5, 2013 12:34am
wow........

https://images.weserv.nl/?url=i.imgu...qSeVft.jpg&fnr
The Chonchy
  • #333
  • Dec 5, 2013 12:39am Dec 5, 2013 12:39am
Quoting grin
{quote} BC is not meant to be a collectible. It is measure of value and a mean of exchange to facilitate trade. iPhone 0.5 coins, car 20 coins. Your annual pay 80 coins in today's value to USD. Let's say a few months ago you were hired for 800 coins per annum. Who will buy your output today when BC is $1,000 when they can import labour from USD world for a fraction of your value, i.e. for only 80 coins? Either you will have to take weekly pay cuts or value of the coin got to go down. If you have to reprice your pay to compete with USD world, the...
exactly that is why there is so many kids reach today with bitcoins, because it went to $ 1000 dollars and they mine them for peanuts four years ago and hold on to them.........


https://bitcointalk.org/index.php?topic=12156.0

that first page in there is full of billionaires today.........
The Chonchy
  • #334
  • Dec 5, 2013 12:48am Dec 5, 2013 12:48am
Quoting grin
{quote} BC is not meant to be a collectible. It is measure of value and a mean of exchange to facilitate trade. iPhone 0.5 coins, car 20 coins. Your annual pay 80 coins in today's value to USD. Let's say a few months ago you were hired for 800 coins per annum. Who will buy your output today when BC is $1,000 when they can import labour from USD world for a fraction of your value, i.e. for only 80 coins? Either you will have to take weekly pay cuts or value of the coin got to go down. If you have to reprice your pay to compete with USD world, the...

....The point in having them is that you can buy all this with them, and if you mine them or bought them when they were $14 a year ago, now you are having a blast me think.......

look all you can buy with BTC....

https://www.bitcoinstore.com/
The Chonchy
  • #335
  • Dec 5, 2013 12:56am Dec 5, 2013 12:56am
........Venzen I bought one mBTC today...... 1000 mBTC's are one BTC.......

https://bitcointalk.org/index.php?topic=22929.520
The Chonchy
  • #336
  • Dec 5, 2013 12:59am Dec 5, 2013 12:59am
Quoting grin
{quote} BC is not meant to be a collectible. It is measure of value and a mean of exchange to facilitate trade. iPhone 0.5 coins, car 20 coins. Your annual pay 80 coins in today's value to USD. Let's say a few months ago you were hired for 800 coins per annum. Who will buy your output today when BC is $1,000 when they can import labour from USD world for a fraction of your value, i.e. for only 80 coins? Either you will have to take weekly pay cuts or value of the coin got to go down. If you have to reprice your pay to compete with USD world, the...
Ok, what about those Japanese paid at 100K yen, their yen is worth a lot less now. Things depreciate. You are over thinking it. People trade it to make money.

What you seem to be getting stuck on is the idea that you must logically deem it into your value system. Chonchy may want to be paid in BCs, I don't. I'm also not going to fret over it.


If someone wants to charge .5, that's their prerogative. Why would it be different if it was 4g of gold or a Samsung Galaxy? The two parties see it as a fair exchange and that's what matters.
When the facts change I change my mind, what do you do sir
  • #337
  • Dec 5, 2013 1:07am Dec 5, 2013 1:07am
Quoting Pip Anon
{quote} Ok, what about those Japanese paid at 100K yen, their yen is worth a lot less now. Things depreciate. You are over thinking it. People trade it to make money. What you seem to be getting stuck on is the idea that you must logically deem it into your value system. Chonchy may want to be paid in BCs, I don't. I'm also not going to fret over it. If someone wants to charge .5, that's their prerogative. Why would it be different if it was 4g of gold or a Samsung Galaxy? The two parties see it as a fair exchange and that's what matters.
exactly, and if you just want to make money, just buy low and sale high.......buy bitcoins when is low and keep your very valuable dollars when is high, but don't keep dollars too long since 1913 and the creation of the federal reserve bank the dollar is being devaluating and it has lost 84 % of his value or more, not sure how much today, so buy some ford mustangs or some Faberge eggs or something if you don't like bitcoins........
The Chonchy
  • #338
  • Dec 5, 2013 1:10am Dec 5, 2013 1:10am
.......Just kidding guys, I'm just kidding with you all, but just play with a very small amount that you can throw away if you may say, and play with it, who knows you may get lucky and if it goes to 2000 dollars today, lol or tomorrow you are in the game, cash half and the rest is free money.......
The Chonchy
  • #339
  • Dec 5, 2013 1:13am Dec 5, 2013 1:13am
Quoting Pip Anon
{quote} Ok, what about those Japanese paid at 100K yen, their yen is worth a lot less now. Things depreciate. You are over thinking it. People trade it to make money. What you seem to be getting stuck on is the idea that you must logically deem it into your value system. Chonchy may want to be paid in BCs, I don't. I'm also not going to fret over it. If someone wants to charge .5, that's their prerogative. Why would it be different if it was 4g of gold or a Samsung Galaxy? The two parties see it as a fair exchange and that's what matters.
this guy wants only bitcoins......


https://dailyanarchist.com/forum/ind...ic,1635.0.html
The Chonchy
  • #340
  • Dec 5, 2013 1:17am Dec 5, 2013 1:17am
This company takes bitcoins.........

Inserted Video
The Chonchy
0 traders viewing now