Merged Bitcoin - Part 3

ChrisBFRPKY said:
Large swings are almost impossible to catch. I do much better riding the smaller swings multiple times. It's almost impossible to profit when its going sideways which is why it's good to see some action starting. Still premature for trading at this time IMO though.

There is no magic in trading Bitcoin and no matter your system you cannot predict the price. The price rises and falls with the latest news headline of the day making it impossible to predict.
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That's what I think but those, like Samson, who believe that they have a working Technical Analysis model think that there are underlying patterns which can be identified and exploited.

Making "predictions" on an internet forum is easy. Apart from a possible lack of credibility, there's no risk. Actually risking your own hard-earned money is a different matter.
 
The Don said:
That's what I think but those, like Samson, who believe that they have a working Technical Analysis model think that there are underlying patterns which can be identified and exploited.

Making "predictions" on an internet forum is easy. Apart from a possible lack of credibility, there's no risk. Actually risking your own hard-earned money is a different matter.
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Almost as though the TA thread 8 years ago never happened, into which you contributed substantial industry.
However, since the latest trading idea is being discussed I will show the precise algorithm that generated the 2k profit.
 
The Don said:
That's what I think but those, like Samson, who believe that they have a working Technical Analysis model think that there are underlying patterns which can be identified and exploited.

Making "predictions" on an internet forum is easy. Apart from a possible lack of credibility, there's no risk. Actually risking your own hard-earned money is a different matter.
Click to expand...

Agree. I've noticed that every YouTube Bitcoin leverage trader that has a "system" somehow always ends in liquidation. Seems to me they don't really know how to trade in the first place.
 
Samson said:
Almost as though the TA thread 8 years ago never happened, into which you contributed substantial industry.
However, since the latest trading idea is being discussed I will show the precise algorithm that generated the 2k profit.
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Go for it. If you have some extra cash sitting around that you can play with, test your system in real time. It's not a bad thing to experiment with new ideas as long as you hope for the best but expect the worst. Start with $100, if you make money great! If not, well a $100 loss isn't likely to ruin you.
 
ChrisBFRPKY said:
Go for it. If you have some extra cash sitting around that you can play with, test your system in real time. It's not a bad thing to experiment with new ideas as long as you hope for the best but expect the worst. Start with $100, if you make money great! If not, well a $100 loss isn't likely to ruin you.
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Its ok, I have traded since 1982 all manner of markets and derivatives with actual $$$.
 
psionl0 said:
Do you mean this one? Or this one?

I don't know why you would want to draw attention to these threads. Your predictions turned out to have a lower success rate than those of a dart thrower.
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I know which threads there were.
Thank you.
And I listed from time to time the results of trades.
 
Samson said:
jeremyp said:
Do your techniques work? How much of a return have you made?
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Irrelevant.
There is extravagant hubris and no curiosity in your posts.
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And there is your answer. Samson's track record in those threads are about as good as they are in this thread where he has predicted 1000 of the last 0 permanent collapses of bitcoin.
 
psionl0 said:
And there is your answer. Samson's track record in those threads are about as good as they are in this thread where he has predicted 1000 of the last 0 permanent collapses of bitcoin.
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I will go back and collate the declines I predicted.
0 is a value judgement, but direction is real.
 
Samson said:
Irrelevant.
There is extravagant hubris and no curiosity in your posts.
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The premise that your technique works is strongly correlated with the amount of money you can make with it.

I congratulate you, by the way, on managing to put me and psionl0 on the same side of an argument.
 
jeremyp said:
The premise that your technique works is strongly correlated with the amount of money you can make with it.

I congratulate you, by the way, on managing to put me and psionl0 on the same side of an argument.
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My post rereads badly I concede.
It is pointless stating this is an argument. Either bitcoin statistically went in the direction forecast with statistical significance or it didn't.
I will collate when I get a chance for my curiosity as well.
Trading success is a separate matter to statistically significant market forecasts, but no doubt you will find disagreement on that too.
 
Samson said:
Irrelevant.
There is extravagant hubris and no curiosity in your posts.
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Every "system" I have seen and tried has failed. Yours may be the exception but I wouldn't bet my money on it. Whether or not you believe in your own system enough to actually apply it with your money will tell the tale.

I wish you luck, but I do expect you to fail. I'd be happy for you to prove me wrong.
 
ChrisBFRPKY said:
Every "system" I have seen and tried has failed. Yours may be the exception but I wouldn't bet my money on it. Whether or not you believe in your own system enough to actually apply it with your money will tell the tale.

I wish you luck, but I do expect you to fail. I'd be happy for you to prove me wrong.
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I just txtd a callow youth who follows crypto and energies etc on a simulator, suggesting sell crypto on the completion of my algorithm pattern.
Bitcoin is around 27837 so let us see what portends.
Essentially this is a time stamped trade.
May the force be with us.
 
Samson said:
I just txtd a callow youth who follows crypto and energies etc on a simulator, suggesting sell crypto on the completion of my algorithm pattern.
Bitcoin is around 27837 so let us see what portends.
Essentially this is a time stamped trade.
May the force be with us.
Click to expand...

Alternatively you could put your money where your mouth and execute a trade if the algorithm is *that* good. ;)

I mean it's highly likely that something as volatile as Bitcoin will trade at a price lower than 27837 at some point in the future but then again it's likely that it'll trade higher than 27837 at some point in the future as well.


edited to add....

Oh look, it's currently at 27861 so if you'd have claimed that the algorithm said the price would be going up, you'd have been right. :rolleyes:
 
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