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Message
re: Official CryptoTalk Thread
Posted on 5/26/17 at 2:06 pm to barry
Posted on 5/26/17 at 2:06 pm to barry
quote:
This is what people say when they have no fricking clue what they are doing
naw. this is why index funds typically always beat managed funds when they do bets on this shite
this is dealing with individual commodities. you can go to 10 experts and you'll get at least 6 or 7 different opinions about the data analysis re: one commodity. even if there was one magical analysis that was perfect, it would naturally affect the market and then you get into a leveling war on creating the new analysis of the new market and that original algorithm is outdated
now i'm sure someone has done this, but what you'd need for a real macro analysis would be funds that invest in a number of cryptos, acting like an index of sorts.
3
Posted on 5/26/17 at 2:07 pm to SlowFlowPro
quote:
trading, in general, is an art and not a science
Posted on 5/26/17 at 2:09 pm to Mo Jeaux
quote:
I don't think there is a lot of fundamental or technical analysis going on here.
lol what technical analysis does one need for something that jumps 2700% in a year?
why do you think so many average joe investors are jumping in here...
Posted on 5/26/17 at 2:09 pm to SlowFlowPro
Who's loading up?
Hate Coinbase and am not certified on Gemini...but $161 is $161...
Hate Coinbase and am not certified on Gemini...but $161 is $161...
Posted on 5/26/17 at 2:09 pm to SlowFlowPro
quote:
this is dealing with individual commodities. you can go to 10 experts and you'll get at least 6 or 7 different opinions about the data analysis re: one commodity.
That because commodities markets are supposed to exist for risk management and to provide liquidity to the market. The speculators help provide that liquidity. Crypto is just straight speculation. It's a lottery.
I just find it very humorous the authority tone of I'm getting in at X.
Posted on 5/26/17 at 2:10 pm to rocket31
quote:
why do you think so many average joe investors are jumping in here...
FOMO
Posted on 5/26/17 at 2:11 pm to barry
quote:
Crypto is just straight speculation. It's a lottery.
I just find it very humorous the authority tone of I'm getting in at X.
i don't think anyone here is lending their opinions as expertise and everyone understands there is a lot of gamble going on
Posted on 5/26/17 at 2:11 pm to rocket31
quote:
lol what technical analysis does one need for something that jumps 2700% in a year?
Wheee!
Posted on 5/26/17 at 2:12 pm to okietiger
Posted on 5/26/17 at 2:15 pm to Mo Jeaux
im not sure what is so funny, TA is largely bulshit no matter what commodity youre looking into purchasing.
but especially when it comes to cyrpto.
but especially when it comes to cyrpto.
Posted on 5/26/17 at 2:16 pm to TigeRoots
So we buyin???
Posted on 5/26/17 at 2:16 pm to SlowFlowPro
quote:
now i'm sure someone has done this, but what you'd need for a real macro analysis would be funds that invest in a number of cryptos, acting like an index of sorts.
I know of a guy who has done this, but not sure how legit it is
Just bought my first crypto, got almost a half a BTC since there was a daily limit and I have it transferring to Polo. Says it will take until June 2 though
Hopefully Kraken can verify me so I can buy some ETH directly. Maybe I'll get lucky and the ET price won't go nuts while I wait for this BS.
Posted on 5/26/17 at 2:17 pm to barry
Tanking
Posted on 5/26/17 at 2:17 pm to Mo Jeaux
quote:Dude you are butthurt as frick we are making money
Mo Jeaux
Just let your balls drop and get in, or get out this threadPosted on 5/26/17 at 2:17 pm to rocket31
WE'RE GOING SUB-150 BOYS
Posted on 5/26/17 at 2:18 pm to SlowFlowPro
getting ugly out there
Posted on 5/26/17 at 2:18 pm to rocket31
quote:
im not sure what is so funny,
This whole thread is entertaining.
quote:
TA is largely bulshit no matter what commodity youre looking into purchasing
How so? I'd disagree.
quote:
but especially when it comes to cyrpto.
Generally, I'd agree, but there are some who are exploring the area.
Posted on 5/26/17 at 2:18 pm to SlowFlowPro
How long you holding out?
Knowing my luck it'll hit $145, Coinbitch will crash, then it will be $195 30 mins later.
Knowing my luck it'll hit $145, Coinbitch will crash, then it will be $195 30 mins later.
Posted on 5/26/17 at 2:18 pm to okietiger
I'm going to let this drop happen and let the dust settle. Too much bad juju today for me to stick with this.
Posted on 5/26/17 at 2:19 pm to okietiger
quote:
How long you holding out?
the afternoon tank pattern seems to be real, so i'm going to wait until maybe 3-4 to decide. we may see a serious crash coming up
people who bought the past few days for fun may be freaking out right now
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