I'm Touring The United States! Starting in June, I'm conducting private events in 23 American cities. Click here for full details.

Post Reply 
The Bitcoin (BTC) thread
Author Message
el mechanico Offline
Owl
******
Gold Member

Posts: 11,055
Joined: Mar 2011
Reputation: 153
Post: #601
RE: Bitcoins up 60% in less than a month
^ you're off a bit.

I never mentioned this but in my little town I live in. The word has leaked that I fuck with this stuff and people are wanting to throw money at me to " invest" not much though like 500 to 1000 but it happens every day about two times. I refuse of course but I do think there is more money to be made but giving people a chance and working them through the paces as non tech folk simply can't get in.

Young guys should be soliciting this with good skillz
(This post was last modified: 12-08-2013 08:17 PM by el mechanico.)
12-08-2013 08:16 PM
Find all posts by this user Like Post Quote this message in a reply
Cattle Rustler Offline
Crow
*****
Gold Member

Posts: 6,495
Joined: Jun 2013
Reputation: 108
Post: #602
RE: Bitcoins up 60% in less than a month
Trading for others without a license will get you in trouble with some financial authority.....even if it's something unregulated like BTC. All it takes is some dumbass who lost money trading BTC

"May get ugly at times. But we get by. Real Niggas never die." - cdr
12-08-2013 08:20 PM
Visit this user's website Find all posts by this user Like Post Quote this message in a reply
[-] The following 1 user Likes Cattle Rustler's post:
JayJuanGee
Pyre Offline
Banned

Posts: 492
Joined: Aug 2013
Post: #603
RE: Bitcoins up 60% in less than a month
(12-08-2013 08:20 PM)Cattle Rustler Wrote:  Trading for others without a license will get you in trouble with some financial authority.....even if it's something unregulated like BTC. All it takes is some dumbass who lost money trading BTC

hahaha

the sec *could* go after all the banks fucking the economy up, the bankers not lending out to small biz that the Fed is giving to them at essentially 0%, and the like Madoff ponzies, yet they choose to go after the little guy who cant fight back

look here: http://www.bloomberg.com/news/2013-11-18...efits.html
the DOJ and SEC are recommending the govt consider btc legitimate just so they can regulate it
(This post was last modified: 12-08-2013 08:30 PM by Pyre.)
12-08-2013 08:24 PM
Find all posts by this user Like Post Quote this message in a reply
Pyre Offline
Banned

Posts: 492
Joined: Aug 2013
Post: #604
RE: Bitcoins up 60% in less than a month
ok finally found charts

wish i'd known sooner

check this out

[Image: 2gvpuzc.jpg]

You can see on the bottom MACD chart the crossover of the blue line down across the red line was a clear sell signal.

I am buying again if theres a crossover of the blue line upward over the red line

i stand corrected on the volume, the tinted bars on the top graph reflect volume. when there's a selloff theres a lot of volume, no such volume present when up days though
12-08-2013 08:27 PM
Find all posts by this user Like Post Quote this message in a reply
[-] The following 1 user Likes Pyre's post:
CaptainChardonnay
el mechanico Offline
Owl
******
Gold Member

Posts: 11,055
Joined: Mar 2011
Reputation: 153
Post: #605
RE: Bitcoins up 60% in less than a month
(12-08-2013 08:20 PM)Cattle Rustler Wrote:  Trading for others without a license will get you in trouble with some financial authority.....even if it's something unregulated like BTC. All it takes is some dumbass who lost money trading BTC
Lol. The people and law here are way to stupid to understand this. Look at Tampa mugshots they only know 4 or 5 different charges.

Anyway I'll never do it because my phone would ring all day more than the usual 75 to 150 calls I get now
12-08-2013 08:46 PM
Find all posts by this user Like Post Quote this message in a reply
el mechanico Offline
Owl
******
Gold Member

Posts: 11,055
Joined: Mar 2011
Reputation: 153
Post: #606
RE: Bitcoins up 60% in less than a month
Pyre you can't make sense of that. Bitcoin is an emotion and hype currency.
12-08-2013 08:48 PM
Find all posts by this user Like Post Quote this message in a reply
JayJuanGee Offline
Crow
*****
Gold Member

Posts: 6,205
Joined: Aug 2013
Reputation: 79
Post: #607
RE: Bitcoins up 60% in less than a month
(12-08-2013 08:16 PM)el mechanico Wrote:  ^ you're off a bit.

In my prior posting (quoting 56), I did a quick off the cuff estimate of the quantity of your BTC holdings, and as soon as I posted that estimate I was reconsidering my methodology in arriving at that. But I did NOT send a corrected estimate… because I figured that I was close enough for all intents and purposes…… In any event, a little mystery makes things interesting. I am fairly certain that I am in the ball park, though, but whatever…. Thanks for the entertainment. Smile

(12-08-2013 08:27 PM)Pyre Wrote:  You can see on the bottom MACD chart the crossover of the blue line down across the red line was a clear sell signal.

I am buying again if theres a crossover of the blue line upward over the red line

Pyre:
I tend to want to believe your blue and red line theories because it sounds logical, blue line crossing over the red line, etc etc.. … However, can you break it down a little better about what each of those lines signify…. And yes, this could be the green light and/or red light that we all have been praying for… he he he… I’m a bit skeptical, even though I want to believe. Well, anyhow, if you explain a little bit about the blue and red lines, then maybe some of us can look into it more and think about the extent to which we should account for those kinds of factors in making our choices about being in or out.

BTW Pyre, are you playing the all or nothing approach or are you partly in and partly out? I cannot recall if you mentioned your particular situation concerning the amount that you are in, if at all.
12-09-2013 12:16 AM
Find all posts by this user Like Post Quote this message in a reply
Pyre Offline
Banned

Posts: 492
Joined: Aug 2013
Post: #608
RE: Bitcoins up 60% in less than a month
(12-09-2013 12:16 AM)JayJuanGee Wrote:  Pyre:
I tend to want to believe your blue and red line theories because it sounds logical, blue line crossing over the red line, etc etc.. … However, can you break it down a little better about what each of those lines signify…. And yes, this could be the green light and/or red light that we all have been praying for… he he he… I’m a bit skeptical, even though I want to believe. Well, anyhow, if you explain a little bit about the blue and red lines, then maybe some of us can look into it more and think about the extent to which we should account for those kinds of factors in making our choices about being in or out.

BTW Pyre, are you playing the all or nothing approach or are you partly in and partly out? I cannot recall if you mentioned your particular situation concerning the amount that you are in, if at all.

Those are MACD- moving average convergence divergence histograms. Its pretty standard technical analysis stuff. A site like investopedia would be much better suited to explaining it than me.

No, I'm out right now. Im either all in or all out. I sold all my coins at 800 on the downward slide.
12-09-2013 01:36 AM
Find all posts by this user Like Post Quote this message in a reply
JayJuanGee Offline
Crow
*****
Gold Member

Posts: 6,205
Joined: Aug 2013
Reputation: 79
Post: #609
RE: Bitcoins up 60% in less than a month
(12-09-2013 01:36 AM)Pyre Wrote:  Those are MACD- moving average convergence divergence histograms. Its pretty standard technical analysis stuff. A site like investopedia would be much better suited to explaining it than me.

No, I'm out right now. Im either all in or all out. I sold all my coins at 800 on the downward slide.

Pyre:

I looked up this MACD idea on investopedia, as you suggested, and yes, it is nice to know about this - probably especially for long-term investments or stable markets; however, as El Mech suggested earlier, there may be something else that is driving this up and down of BTC prices .. which is hype and short-term volatility....

And MACD does NOT really seem to be the red light or green light that guys here seem to be looking for.

Anyhow, BTC seems too volatile to be using MACD as the signal, and accordingly, I played around a little bit with the chart settings, and it looks as if there have been several occasions that MACD dipped below the signal line - and several times it moved below the signal line and then it raised back above the signal line....

look at the way that I made the settings on the following chart accounting for fluctuations every 30 minutes:

http://bitcoincharts.com/charts/btceUSD#...25zi1gMACD

accounting for fluctuations every six hours:
http://bitcoincharts.com/charts/btceUSD#...25zi1gMACD


accounting for fluctuations every day:
http://bitcoincharts.com/charts/btceUSD#...25zi1gMACD


accounting for fluctuations every week:
http://bitcoincharts.com/charts/btceUSD#...25zi1gMACD




A guy gets very different results, depending upon how frequently the charts adjust for the price fluctuations. And, this market is definitely fluctuating a large amount on a daily basis. Therefore, probably a guy needs to account for various ways of looking at this and decide is he investing long or short. If he is investing short, then he would likely need a shorter period of time to account for the market fluctuations - since that is the current BTC market that we have, here.

If you look at the 30 minutes variation:

You will see at least five times in the last month that the MACD dipped below the signal line - but sometimes a short term investor guy should have been buying and other times he should have been selling.

By the time a short-term investor guy would have figured out which way the price was moving, then the price may have moved too much that the MACD was a bit too delayed to help the guy to predict to buy at the bottom of the market and to sell at the top... .and following the MACD with short-term volatile markets looks like a short term investor guy would frequently be too late or to miss good opportunities by being out when he should be in... exactly what a guy does NOT want to do.

In fact, if possible, a short-term investor guy wants to follow the crowd but to follow in such a way that he continues to jump in front of the crowd before they know that is what direction they are going.

It seems that the MACD is NOT really going to help the short term investor with this, very much... but it does give a tool to consider especially long and medium term and maybe to show which direction that particular investment is trending.

Now, for example, in the 30 minute increment chart, in the last couple of hours the MACD has been crossing over the signal line in the positive direction. However, if a guy plays with the setting on the chart, he will see that the divergence line changes whether adjusting for daily increments, 12 hour increments or 6 hour increments... and this tool can help to consider what to do.. and guys will likely vary in how they consider what to do, long or short.
(This post was last modified: 12-09-2013 04:06 AM by JayJuanGee.)
12-09-2013 03:45 AM
Find all posts by this user Like Post Quote this message in a reply
Maciano Offline
Kingfisher
***

Posts: 674
Joined: Feb 2012
Reputation: 10
Post: #610
RE: Bitcoins up 60% in less than a month
I'm no fan of mining, especially of already massively traded coins, too much work for my taste & low rewards.

If you search Twitter, though, you'll notice lots of smart folks doing it & making good, very good money. I'm not quite clear where the 'in' is to catch a good opportunity to start mining a particular coin. Too join a group already massively mining is not where the sweet spot is. If you look at the ROI's of WDC or Zetacoin, you'll see very high profits. That would be interesting.

OTOH, it's all hot air. Besides BTC (and maybe LTC) all of these coins are pure speculation. You could have joined a huge time-waster.
12-09-2013 05:02 AM
Find all posts by this user Like Post Quote this message in a reply
Pyre Offline
Banned

Posts: 492
Joined: Aug 2013
Post: #611
RE: Bitcoins up 60% in less than a month
(12-09-2013 03:45 AM)JayJuanGee Wrote:  In fact, if possible, a short-term investor guy wants to follow the crowd but to follow in such a way that he continues to jump in front of the crowd before they know that is what direction they are going.

It seems that the MACD is NOT really going to help the short term investor with this, very much... but it does give a tool to consider especially long and medium term and maybe to show which direction that particular investment is trending.

Now, for example, in the 30 minute increment chart, in the last couple of hours the MACD has been crossing over the signal line in the positive direction. However, if a guy plays with the setting on the chart, he will see that the divergence line changes whether adjusting for daily increments, 12 hour increments or 6 hour increments... and this tool can help to consider what to do.. and guys will likely vary in how they consider what to do, long or short.

Having fun playing with the charts? lol

MACD is used primarily in short term/swing trading. It gives the buy/sell signals? It's philosophy is to wait until you see a trend and run with the trend rather than predict a trend before it starts happening.

Yeah, it gives different signals with the 30 min chart/5min chart/24hr chart etc. You gotta see what works for you. A lot of people will use MACD and an oscillator or something to get two confirms for a buy or sell.
12-09-2013 10:48 AM
Find all posts by this user Like Post Quote this message in a reply
JayJuanGee Offline
Crow
*****
Gold Member

Posts: 6,205
Joined: Aug 2013
Reputation: 79
Post: #612
RE: Bitcoins up 60% in less than a month
(12-09-2013 10:48 AM)Pyre Wrote:  Having fun playing with the charts? lol

MACD is used primarily in short term/swing trading. It gives the buy/sell signals? It's philosophy is to wait until you see a trend and run with the trend rather than predict a trend before it starts happening.

Yeah, it gives different signals with the 30 min chart/5min chart/24hr chart etc. You gotta see what works for you. A lot of people will use MACD and an oscillator or something to get two confirms for a buy or sell.

Pyre just got banned; however, the banning does NOT appear to have been b/c of his "bad" BTC investment advice. Or maybe Roosh or Tuthmosis took Pyre's advice and lost their asses... The real motive for the banning... they were following the MACD convergence theory.... Smile Smile

Well, actually in all seriousness, I do NOT recall having any real problem(s) with the investment suggestions that Pyre was making in this thread.... b/c we each have our various methods and ideas and each of us need to come to our own conclusions about how or if to invest in BTC.
(This post was last modified: 12-09-2013 04:05 PM by JayJuanGee.)
12-09-2013 04:01 PM
Find all posts by this user Like Post Quote this message in a reply
pants Offline
Banned

Posts: 681
Joined: Nov 2012
Post: #613
RE: Bitcoins up 60% in less than a month
I read through his last 10 post, could not find any obvious banning reason. Some of his advice were of questionable quality until he went in dept about them, then at least he showed he made some thought into them.

Found out there is an assassination page in the dark web based on Bitcoin. Everyone makes a bet on when a person is gonna die, when to pot grows large enough, someone mysteriously gets "lucky" while staying anonymous. Quiet scary actually. Almost like a kickstarter for assassination.

Got an idea driving to work today. Someone should create a forum with integrated Bitcoin in the system. Every time you wanna make a post you have to pay, lets say one mBTC. For every post you make you get the option to give away one "like". Then person who contribute bye making high quality post will receive the likes on their post and the money behind automatically transfers to the person creating the post. This way people will not make low quality post since they will not receive any likes for their posts, and the people actually contributing with quality information will earn money.

Edit: Just wanted to add.
Of course there should be no problems adjusting the fees making it possible for the creator of such forum to gain a percentage from all the post as a reward for coding it.
(This post was last modified: 12-09-2013 04:44 PM by pants.)
12-09-2013 04:42 PM
Find all posts by this user Like Post Quote this message in a reply
[-] The following 1 user Likes pants's post:
CaptainChardonnay
JayJuanGee Offline
Crow
*****
Gold Member

Posts: 6,205
Joined: Aug 2013
Reputation: 79
Post: #614
RE: Bitcoins up 60% in less than a month
(12-09-2013 04:42 PM)pants Wrote:  Found out there is an assassination page in the dark web based on Bitcoin. Everyone makes a bet on when a person is gonna die, when to pot grows large enough, someone mysteriously gets "lucky" while staying anonymous. Quiet scary actually. Almost like a kickstarter for assassination.

I would NOT put these stories past mainstream status quo entities to be propagating and exaggerating stories like these in order to undermine BTC in various ways.

Surely, there would be some truth.. but NOT the full story.... and frequently exaggerated negative hype.
12-09-2013 08:57 PM
Find all posts by this user Like Post Quote this message in a reply
Tex Pro Offline
Ostrich
****
Gold Member

Posts: 2,131
Joined: Jun 2012
Reputation: 17
Post: #615
RE: Bitcoins up 60% in less than a month
Snoop Dogg Embraces Bitcoin for His Next Record:

http://www.coindesk.com/snoop-dogg-sell-record-bitcoin/
12-09-2013 09:01 PM
Find all posts by this user Like Post Quote this message in a reply
Tex Pro Offline
Ostrich
****
Gold Member

Posts: 2,131
Joined: Jun 2012
Reputation: 17
Post: #616
RE: Bitcoins up 60% in less than a month
(12-08-2013 02:49 PM)Pyre Wrote:  Yeah, reading the tape.

Look now theres an options market on btc

http://www.zerohedge.com/news/2013-12-08...as-arrived

Here is the site:

https://www.predictious.com/economics

It looks easy to use. I wonder if they reliably payout.
(This post was last modified: 12-10-2013 05:57 AM by Tex Pro.)
12-10-2013 05:47 AM
Find all posts by this user Like Post Quote this message in a reply
Tex Pro Offline
Ostrich
****
Gold Member

Posts: 2,131
Joined: Jun 2012
Reputation: 17
Post: #617
RE: Bitcoins up 60% in less than a month
Swiss Lawmakers Propose Treating Bitcoin as Foreign Currency:

http://www.coindesk.com/swiss-lawmakers-...-currency/

^Keep on eye on this development. If the Swiss recognize bitcoin as a foreign currency, then its investment banks could begin trading/investing in bitcoin. This would mean a massive price increase.
12-10-2013 06:41 AM
Find all posts by this user Like Post Quote this message in a reply
Tex Pro Offline
Ostrich
****
Gold Member

Posts: 2,131
Joined: Jun 2012
Reputation: 17
Post: #618
RE: Bitcoins up 60% in less than a month


12-10-2013 08:05 AM
Find all posts by this user Like Post Quote this message in a reply
[-] The following 1 user Likes Tex Pro's post:
JayJuanGee
pants Offline
Banned

Posts: 681
Joined: Nov 2012
Post: #619
RE: Bitcoins up 60% in less than a month
Max Keiser, the greatest pumper of all time! Back over 1000USD!
12-10-2013 04:45 PM
Find all posts by this user Like Post Quote this message in a reply
pants Offline
Banned

Posts: 681
Joined: Nov 2012
Post: #620
RE: Bitcoins up 60% in less than a month
Sexcoin 1655% in 24 hours!

No surprise sex sells, had i only known few hours ago
12-10-2013 04:49 PM
Find all posts by this user Like Post Quote this message in a reply
JayJuanGee Offline
Crow
*****
Gold Member

Posts: 6,205
Joined: Aug 2013
Reputation: 79
Post: #621
RE: Bitcoins up 60% in less than a month
(12-10-2013 04:49 PM)pants Wrote:  Sexcoin 1655% in 24 hours!

No surprise sex sells, had i only known few hours ago

Yeah, I saw the sexcoin (SXC) yesterday, and it was up 455%. And today, as you say, sex is up even more. Gotta admit that sex is a much better name than junk... junkcoin is NOT doing very well. I mean junkcoin only has a 156K market cap; however, it is up 79% today.. Yet, sex is doing better on obtaining capital, currently has a market cap of over 9 million... a lot of that built up in the last few days, as far as I can tell from the chart... and really, it appears to be a fairly recent invention (cannot tell from the website, exactly when and how it was invented).... It seems that people are likely going to get burned by several of these copy cat crypto currencies if they cannot pump and dump them.
12-10-2013 08:42 PM
Find all posts by this user Like Post Quote this message in a reply
HD668B Offline
Kingfisher
***
Gold Member

Posts: 879
Joined: Jan 2010
Reputation: 8
Post: #622
RE: Bitcoins up 60% in less than a month
(12-09-2013 01:36 AM)Pyre Wrote:  Those are MACD- moving average convergence divergence histograms. Its pretty standard technical analysis stuff. A site like investopedia would be much better suited to explaining it than me.

This is why I started posting in this thread.

"Standard" technical indicators arent worth a damn. MACD is by definition lagging twice behinde the price. First because its a Moving Average, and second because you have to wait those MAs to cross.

I have been living of trading for 5 years now, and can say that you will loose money if you use "standard" indicators.

The only thing you should look at, is the price. Support and resistance formed by it. And perhaps trendlines. But thats it.

Anyways I found the best way to short bitcoin = http://www.predictious.com

I am betting on the price of bitcoin for the end of december. I put 400$ as a bet. Because this is option betting, my profit would be x 60 if I am right (24k$).

EDIT: Sry texas, didnt see u mentionned this site. Anyways I will report my back about my trade soon.
(This post was last modified: 12-11-2013 02:55 AM by HD668B.)
12-11-2013 02:53 AM
Find all posts by this user Like Post Quote this message in a reply
JayJuanGee Offline
Crow
*****
Gold Member

Posts: 6,205
Joined: Aug 2013
Reputation: 79
Post: #623
RE: Bitcoins up 60% in less than a month
(12-11-2013 02:53 AM)LÉtranger Wrote:  
(12-09-2013 01:36 AM)Pyre Wrote:  Those are MACD- moving average convergence divergence histograms. Its pretty standard technical analysis stuff. A site like investopedia would be much better suited to explaining it than me.

This is why I started posting in this thread.

"Standard" technical indicators arent worth a damn. MACD is by definition lagging twice behinde the price. First because its a Moving Average, and second because you have to wait those MAs to cross.

I have been living of trading for 5 years now, and can say that you will loose money if you use "standard" indicators.

The only thing you should look at, is the price. Support and resistance formed by it. And perhaps trendlines. But thats it.

Anyways I found the best way to short bitcoin = http://www.predictious.com

I am betting on the price of bitcoin for the end of december. I put 400$ as a bet. Because this is option betting, my profit would be x 60 if I am right (24k$).

EDIT: Sry texas, didnt see u mentionned this site. Anyways I will report my back about my trade soon.

Which one is the X60 bet? Must be a very long shot, like Bitcoins will reach $5,000 in 2013? - are your 60 to 1 odds locked in as of he date that you bet, or like horses, the odds keep changing based on how everyone else bets (until that bet category closes)?
12-11-2013 05:13 AM
Find all posts by this user Like Post Quote this message in a reply
JayJuanGee Offline
Crow
*****
Gold Member

Posts: 6,205
Joined: Aug 2013
Reputation: 79
Post: #624
RE: Bitcoins up 60% in less than a month
I wish that Coinbase had some order base system... so I could set it to buy at a certain price(s) and go to sleep. Right when I am supposed to be sleeping ... the fricken price keeps dropping... (went from about $940 to less $850 in less than an hour) and accordingly that is when I want to be buying..., as it is dropping.. especially so dramatically.... but I need to get some "beauty" sleep.... I just hope that it does NOT drop a lot while I am unavailable.. and then go back up... right when I should have bought some additional BTCs...

That's one of the difficulties that my accounts to finally get some BTC were finally activated by the time the price was nearing its highest of $1200.. .so therefore, over the last couple of weeks, i have been making up for my initial high purchase with a bunch of smaller and incremental purchases at the fluctuating lower rates)

Maybe El Mech and some of you other all or nothing guys.. .are going to be kicking yourselves for NOT having had sold it all when it was near $1000 earlier today... that would have been sweet to sell approximately 50 BTC at $1000 and then to buy them back at $800 or wherever we seem to be going... maybe we will reach another $545 like we reached last week?

Actually, i was perusing the news and a google search, and I cannot quite figure out what has caused this latest BTC selling spike... maybe bots?
(This post was last modified: 12-11-2013 07:06 AM by JayJuanGee.)
12-11-2013 06:54 AM
Find all posts by this user Like Post Quote this message in a reply
el mechanico Offline
Owl
******
Gold Member

Posts: 11,055
Joined: Mar 2011
Reputation: 153
Post: #625
RE: Bitcoins up 60% in less than a month
How would you know? It could of went down 50 then up 100.
12-11-2013 07:18 AM
Find all posts by this user Like Post Quote this message in a reply
Post Reply 


Possibly Related Threads...
Thread: Author Replies: Views: Last Post
  IRS: Bitcoin is not currency assman 23 7,801 07-06-2019 08:37 PM
Last Post: Deepdiver
  Bitcoin & Cryptocurrency Profit & Loss Trackers & Capital Gains Calculators jamaicabound 2 4,795 06-01-2019 09:03 AM
Last Post: Dr. Howard
  DACing for Cryptodummies: Hassle-Free and Easy Bitcoin Investing SamuelBRoberts 108 33,462 12-26-2018 08:27 PM
Last Post: redbeard

Forum Jump:


User(s) browsing this thread: Tactician, 3 Guest(s)

Contact Us | RooshV.com | Return to Top | Return to Content | Mobile Version | RSS Syndication