{quote} Yes, exactly. I'm with you on this oneIt's kinda funny, I was rightly waiting for a new high but for the wrong reason/count. Well, served me just fine
- #3,081
- Apr 18, 2014 8:57am Apr 18, 2014 8:57am
- #3,083
- Apr 18, 2014 10:04am Apr 18, 2014 10:04am
just to get an idea of people around here... what amount is your personal holding of bitcoin? as an investment or just for savings. of course, it is up to you wether to answer or not.
include screencap!
include screencap! - #3,084
- Edited 11:23am Apr 18, 2014 10:25am | Edited 11:23am
just to get an idea of people around here... what amount is your personal holding of bitcoin? as an investment or just for savings. of course, it is up to you wether to answer or not.
- #3,085
- Apr 18, 2014 11:03am Apr 18, 2014 11:03am
- Joined Jul 2011 | Status: good | 4,295 Posts
just to get an idea of people around here... what amount is your personal holding of bitcoin? as an investment or just for savings. of course, it is up to you wether to answer or not.
currently:
70% Bitcoin
10% Gold
10% Execoin
5% Hirocoin
5% Bihthai
My decision to go with Execoin and Hirocoin (instead of Litecoin) is a preemptive move in anticipation of the scrypt ASIC invasion that is underway. My holdings in these are mostly from mining. Not sure it will pay off and not sure how Litecoin will be affected - if anything Litecoin might become the de facto scrypt standard and its price may increase drastically as the ASICs ramp up production - as happened to Bitcoin a year ago. But due to a variety factors that's how i've played it. The Gold is physical and the Bihthai is an uknown altcoin I could mine cheaply.
cryptocurrency everytime
- #3,086
- Edited 11:56am Apr 18, 2014 11:31am | Edited 11:56am
{quote} I'm not happy if i'm not in the market, so for me it's all-in all of the time. If my living expenses weren't so cheap i wouldn't be so aggressive - and evenso i sometimes pay for that by being wiped-out for a month or two while rebuilding capital and getting back into position. This tends to happen about twice a year! In fact, I have a better track record with Texas Hold'em
We should have a card game sometime.
I think litecoin will have to fail at some point, probably being taken over by an alt that bring something new, or may be a corporation coin like facebookgcoin or virgincoin.
I don't know if you've been following the tribulation of mastercoin decentralized exchange ? But either them or etherum or any sort of asset exchange could drastically transform the altcoin market as we know it now.
edit : diagonal for C is still valid on stamp
http://i.imgur.com/kbQ12NN.png
- #3,087
- Apr 18, 2014 11:46am Apr 18, 2014 11:46am
- Joined Jul 2011 | Status: good | 4,295 Posts
cryptocurrency everytime
- #3,088
- Apr 18, 2014 12:11pm Apr 18, 2014 12:11pm
- Joined Jul 2011 | Status: good | 4,295 Posts
cryptocurrency everytime
- #3,089
- Edited 1:28pm Apr 18, 2014 1:03pm | Edited 1:28pm
{quote} Somewhere in the "not much"area...Used to be luckier.. But had to sell at a very inappropriate time ; toothache and landlord knocking at 6am didn't understand why sell low isn't good.
well, i am 100% invested in bitcoin and due to the open nature of the ledger i can just show you my account... of course, everyone saves according to their ability and circumstance
... https://blockchain.info/address/15h6...vhLtYJq3aePhdW(internet people... stop sending me stupid public notes ... no, i will not send any coins for whatever reason!)
- #3,091
- Apr 18, 2014 1:29pm Apr 18, 2014 1:29pm
{quote} thank you LL (i know wat you mean!), venzen (10% gold.. very responsible!) for taking part in my survey well, i am 100% invested in bitcoin and due to the open nature of the ledger i can just show you my account... of course, everyone saves according to their ability and circumstance
- #3,092
- Apr 18, 2014 1:33pm Apr 18, 2014 1:33pm
{quote} don't want to presume to advise you, but i'd like to share my practice of hedging: I like to have a broker that allows me to hold opposite trades (long and short) in the same instrument. BTC-e offers this via their MT4 deal. When I open a position that is equal and opposite to an existing position, it consumes no additional margin, because i'm effectively "market neutral". So whenever I anticipate a market move against my prevailing position (currently long), I open a hedge at no cost. Of course, then, the challenge is to close it at the...
Anyway, I think I am recovered from the panic earlier today. Has prepared (mentally) for the next market movement
- #3,094
- Apr 18, 2014 1:39pm Apr 18, 2014 1:39pm
{quote} Thank you venzen! I am using 796 to hedge if needed. However, by pricing I mean if the hedge is wrong... it's effectively equivalent to hold nothing when BTC is going up, which is bad. Anyway, I think I am recovered from the panic earlier today. Has prepared (mentally) for the next market movement
- #3,096
- Edited 2:22pm Apr 18, 2014 1:52pm | Edited 2:22pm
{quote} thank you LL (i know wat you mean!), venzen (10% gold.. very responsible!) for taking part in my survey well, i am 100% invested in bitcoin and due to the open nature of the ledger i can just show you my account... of course, everyone saves according to their ability and circumstance
- #3,097
- Apr 18, 2014 2:02pm Apr 18, 2014 2:02pm
im sure it is.... but seriously, ok this is all my life savings i have invested in bitcoin so far but please don't laugh.. 
https://blockchain.info/address/13Df...JzobN5gUNT65Hh
https://blockchain.info/address/13Df...JzobN5gUNT65Hh 
- #3,100
- Edited 11:40pm Apr 18, 2014 7:59pm | Edited 11:40pm
- Joined Jul 2011 | Status: good | 4,295 Posts
this may be off topic... venzen, why can't you label it normal way? like this,,, just trying to understand what these abc doing in impulse {image}
Thing is... when you say "normal way" this makes a lot of assumptions. For example, all of the BTC wave action to the downside (since Dec) has been corrective and many people are labeling it as consistently impulsive, so there are some conceptual challenges about how we count corrections. I'm not saying it's right or wrong - and looking at say the VIX we mostly see impulses to the downside and upside action almost always in expanded flats. So what i am saying is that the orthodox ("normal") EW assumptions are invalidated in the real world.
By Ralph Elliott's definition impulses are distinctive smooth 5 wave structures with no choppiness or zigzagging to be found. I don't think i've seen more than 2 impulses on the BTC 5 minute chart ever. If we open a 5 minute or 1 minute BTC chart and look at the first subwave of any apparent impulse, one will notice that it starts with a zigzag - ABC. This is critical because it reveals the underlying DNA of the larger degree wave that is unfolding - a vanilla impulse must (by the rulebook) start with a 5 wave impulse or leading diagonal.
In the end it doesn't matter how we count, because 90% of our wave counts will be trashed by the next move anyway. And in hindsight we might come up with better fitting counts, but still disagree amongst one another about the correct way of labeling. This is where I see the value of EW - it allows us to label (to the best of our ability) and then talk to one another and say "from A to B is 38% of the previous advance". Much as I value and respect EW, as a forecasting tool, wave counting does not prove profitable with Bitcoin's chart. If our EW forecasts here in this forum allowed us to trade BTC profitably 50% of the tme, we'd be OK, but without the presence of a magnetic line trader in our group, we'd have little hope of getting direction right. I believe that is because orthodox EW as applied to BTC is missing the enigma code that drives BTC. Just as EW applied to the Euro and to Gold is always off target.
This is a forecast for Gold published by Elliott Wave International a few years ago. If you happen to meet a seasoned Elliottician, ask them about Gold in 2006 and they will probably say that this was the forecast that either bankrupted them; or destroyed their faith in EWI, or maybe both. (They will also use the words "probably", "most likely" and "perhaps" a lot!). The wave labeled 'b', continued to 1800, by which time EWI relabeled and called it Super Cycle degree wave 5 to the upside. Subsequently the decline in Gold failed to make a correction of three Primary degree waves (as the EW Principle requires), but EWI are very creative when they have to cover their backside, so now they've relabeled again saying that the Gold spike to the upside was only wave (3) of 5. In my view, it was a renegade B-wave of the violent variety and Gold will (in the coming years) return to $300/oz at the end of wave C. I was a Gold bull at the time of the 2008 derivatives meltdown and many other people placed irrational faith in the metals as having historic and "intrinsic" value. Satoshi conceived Bitcoin around the same time and I think his vision was that Bitcoin extends beyond currency into the realm of value storage - and hence a suitable recipient for the fetish value that has been projected onto Gold. There is no solid EW clue in the Gold chart that allows me or EWI or anyone else to predict what the metal is going to do next - if there was, the Gold price (and Bitcoin price) wouldn't be famous for it's irrational and unpredictable nature.
And an idealized chart of the generic diagonal (part impulse, part triangle) that we see in some commodities. The way it shows impulses in the advancing wave positions is misleading, because with wave degrees being fractal, those apparent 5 wave structures consist of similar diagonals at lesser degrees. So, that, in my view accounts for the extreme choppiness we see in the Gold and Bitcoin charts, as there are plenty of opportunities for rogue B-waves to spike out and return to trend - down to the tiniest degrees.
cryptocurrency everytime