Bitcoins/Litecoins/Virtual Currencies
- Thread starter Tripamang
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Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
Go here and give us your nominations!Who's been the biggest Asshat in the last year? Give us your worst ones!
Sanrith Descartes
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Publicly traded company selling junk bonds to buy 500 million more of BTC. What could possibly go wrong?
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Arden
Blackwing Lair Raider
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The only reason I want to know when we hit bottom is so I can buy more. No way in hell I'm selling what I've got.
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Sanrith Descartes
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I like charts and all, but reading a lot of the jargon and justifications for when things don't follow what people (not people here, twitter) are charting I think of this:
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Tmac
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I like charts and all, but reading a lot of the jargon and justifications for when things don't follow what people (not people here, twitter) are charting I think of this:
What do you mean by, "When things don't follow what people are charting."?
Sanrith Descartes
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The trick with charting is there are a whole bunch of technical data methods people use. The other trick is that EMH (Efficient Market Hypothesis) states that you cant predict future movements of the market with past data. Lots of people get so tied up in their "chosen" technical indicators that when it doesn't work they just try to explain it off.I like charts and all, but reading a lot of the jargon and justifications for when things don't follow what people (not people here, twitter) are charting I think of this:
The reality is is technical analysis works, except when it doesn't. It tends to work a lot better when the algos are following the same analysis because they are operating in massive market moving volume. The market doesn't notice when I am right. It always seems to notice when I am wrong though and taunt me.
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Sanrith Descartes
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--Street Color: Coinbase Will Begin Accepting Inbound Transfers of GTV, MLN, and AMP on June 8 to Coinbase Pro
MT NEWSWIRES 1:25 PM ET 6/8/2021
01:25 PM EDT, 06/08/2021 (MT Newswires) -- (Street Color news is derived from real time discussions with market professionals globally subscribed to the Street Color Premium Chat service on Bloomberg IB Chat and the ICE IM. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Street Color: Coinbase Will Begin Accepting Inbound Transfers of GTV, MLN, and AMP on June 8 to Coinbase Pro
MT NEWSWIRES 1:25 PM ET 6/8/2021
01:25 PM EDT, 06/08/2021 (MT Newswires) -- (Street Color news is derived from real time discussions with market professionals globally subscribed to the Street Color Premium Chat service on Bloomberg IB Chat and the ICE IM. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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Despite what people may say, the point of charting and modeling to that level of detail is to try to predict the future. It's basically bone reading with more computing power.
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Furry
🌭🍔🇺🇦✌️SLAVA UKRAINI!✌️🇺🇦🍔🌭
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China can already predict the future with people, not long till it works in the US with social media. Don't see why we shouldn't be able to predict stocks as well. Don't hate on the pioneers of analytical dowsing.
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Manipulation to produce predictable results is not precognition.
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Izo
Tranny Chaser
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Furry
🌭🍔🇺🇦✌️SLAVA UKRAINI!✌️🇺🇦🍔🌭
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Spoken like an SEC whistleblower, I'm definitely not hiring you onto my precognition project.
Sanrith Descartes
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The idea isnt to predict the future. That is impossible. The idea is to predict what algo-driven traders will do since they require actual parameters to initiate trades that can be predicted.
Sanrith Descartes
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Funded my Gemini account. Over time I have been seeing how closely the market movements of BTC matched my technical analysis. I feel at this point comfortable enough with the results to see what I can do with it.
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Predicting the future (behavior of algo-driven traders) is impossible. There, fixed
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Jive Turkey
Karen
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I like charts and all, but reading a lot of the jargon and justifications for when things don't follow what people (not people here, twitter) are charting I think of this:
It's like when people try to use technical rules to explain why a photograph or painting is considered to be aesthetically pleasing, but then throw the rules out the window when an aesthetically pleasing piece of art doesn't fit into that framework.
I'd be curious to see someone test out the chart technicians by asking them to retroactively predict the past performance of a crypto without knowing which chart they're looking at.
Sanrith Descartes
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Predicting the future (behavior of algo-driven traders) is impossible. There, fixed
Average of those three prices is $31,110.67
The buying started at the bottom price of $31,067
Random chance at work.
Tmac
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