ISF Logo   IS Forum
Forum Index Register Members List Events Mark Forums Read Help

Go Back   International Skeptics Forum » General Topics » Economics, Business and Finance
 


Welcome to the International Skeptics Forum, where we discuss skepticism, critical thinking, the paranormal and science in a friendly but lively way. You are currently viewing the forum as a guest, which means you are missing out on discussing matters that are of interest to you. Please consider registering so you can gain full use of the forum features and interact with other Members. Registration is simple, fast and free! Click here to register today.
Tags bitcoin

Reply
Old 24th May 2018, 12:36 AM   #2801
psionl0
Skeptical about skeptics
 
psionl0's Avatar
 
Join Date: Sep 2010
Location: 3157'S 11557'E
Posts: 12,575
Originally Posted by Roger Ramjets View Post
Bitcoin Price Faces Bear Indicator Not Seen Since 2014
Quote:
Notably, the five-month moving average (MA) has rolled over in favor of the bears and looks set to cut the 10-month MA from above - a bearish crossover that hasn't been seen since June 2014.
Originally Posted by psionl0 View Post
Isn't it amazing how many so called "critical" thinkers suddenly become chartists and believe in TA when they think that they can prove something with this woo.
Your arguments are so stale that I don't have to write anything new anymore.
__________________
"The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975
psionl0 is offline   Quote this post in a PM   Nominate this post for this month's language award Copy a direct link to this post Reply With Quote Back to Top
Old 24th May 2018, 03:44 AM   #2802
Samson
Philosopher
 
Join Date: Oct 2013
Posts: 7,656
Originally Posted by psionl0 View Post
Your arguments are so stale that I don't have to write anything new anymore.
But, there is a theory called Adams theory.

It's going down....

https://forums.babypips.com/t/the-ad...lder-jnr/41158

Last edited by Samson; 24th May 2018 at 03:46 AM.
Samson is offline   Quote this post in a PM   Nominate this post for this month's language award Copy a direct link to this post Reply With Quote Back to Top
Old 24th May 2018, 11:15 AM   #2803
PartSkeptic
Master Poster
 
PartSkeptic's Avatar
 
Join Date: Jan 2012
Location: South Africa
Posts: 2,784
Originally Posted by trustbutverify View Post
Those stable hands must be cleaning up with all that inside information.

Good point. But in those 1960's in Zimbabwe they were not allowed to bet. Besides they needed to keep their jobs.

In SA I knew someone with insider horse racing knowledge. He did okay and did not attract attention. Some horses get shot for skewing the betting too much.

ETA... Down we go! (Bitcoin)
__________________
**Agnostic theist. God/Satan/Angels/Demons may not exist - but I choose to think the probability is that they do. By personal experience.**
PartSkeptic is offline   Quote this post in a PM   Nominate this post for this month's language award Copy a direct link to this post Reply With Quote Back to Top
Old 24th May 2018, 03:36 PM   #2804
jrhowell
Critical Thinker
 
Join Date: Jun 2009
Posts: 396
From Bloomberg: U.S. Launches Criminal Probe into Bitcoin Price Manipulation

Quote:
The investigation is focused on illegal practices that can influence prices -- such as spoofing, or flooding the market with fake orders to trick other traders into buying or selling, said the people, who asked not to be identified because the review is private. Federal prosecutors are working with the Commodity Futures Trading Commission, a financial regulator that oversees derivatives tied to Bitcoin, the people said.
I will be curious to see what, if anything, comes of this.
jrhowell is offline   Quote this post in a PM   Nominate this post for this month's language award Copy a direct link to this post Reply With Quote Back to Top
Old 24th May 2018, 10:30 PM   #2805
trustbutverify
Philosopher
 
trustbutverify's Avatar
 
Join Date: May 2007
Posts: 7,110
Originally Posted by PartSkeptic View Post
Good point. But in those 1960's in Zimbabwe they were not allowed to bet. Besides they needed to keep their jobs.
A tall 13 year old managed to bet at will, but the stable hands feeding him the inside info couldn't find a way to get their money down?
__________________
"The greatness of a nation and its moral progress can be judged by the way its animals are treated." -- Mahatma Gandhi

Wollen owns the stage
trustbutverify is offline   Quote this post in a PM   Nominate this post for this month's language award Copy a direct link to this post Reply With Quote Back to Top
Old 25th May 2018, 09:59 PM   #2806
BobTheCoward
Penultimate Amazing
 
Join Date: Nov 2010
Posts: 12,730
Originally Posted by psionl0 View Post
Your arguments are so stale that I don't have to write anything new anymore.
Would you consider yourself here a defender of bitcoin only? Does it include all cryptocurrency? A small basket?
BobTheCoward is offline   Quote this post in a PM   Nominate this post for this month's language award Copy a direct link to this post Reply With Quote Back to Top
Old Yesterday, 12:10 AM   #2807
Samson
Philosopher
 
Join Date: Oct 2013
Posts: 7,656
Originally Posted by BobTheCoward View Post
Would you consider yourself here a defender of bitcoin only? Does it include all cryptocurrency? A small basket?
I have seen it argued only Bitcoin will survive. I see this as a necessary argument to make. We should think of the three natural number categories, 0,1, or many.
I will accordingly sell my vast holdings in Ethereum and Ripple immediately.

Last edited by Samson; Yesterday at 12:12 AM.
Samson is offline   Quote this post in a PM   Nominate this post for this month's language award Copy a direct link to this post Reply With Quote Back to Top
Old Yesterday, 01:04 AM   #2808
Roger Ramjets
Illuminator
 
Roger Ramjets's Avatar
 
Join Date: Jun 2008
Posts: 3,496
Originally Posted by jrhowell View Post
I will be curious to see what, if anything, comes of this.
Nothing will come of it, because...

Bitcoin Price Drop From $20,000 Likely Due to Market Manipulation:
Quote:
The group of traders claimed that through the futures market, institutional investors and large-scale retail traders manipulated the market to cash out short contracts by purchasing and selling massive amounts of bitcoin in a correlated manner....

It is entirely possible that the premise established by the group of cryptocurrency traders is correct and that large-scale investors have in fact manipulated the cryptocurrency market. But, if it has been the futures market that affected the price of bitcoin over the past five months, it is completely legal to do so and it remains unclear whether similar manipulation strategies can be prevented in the long-term.
When 'purchasing and selling' is 'market manipulation' the fundamental principles of the Free Market are in question. Should people not be permitted to buy and sell whenever and however much they want, for whatever price is mutually agreed? This is more than just a few disgruntled bitcoiners upset at not getting their expected return, it's actually an attack on freedom, democracy, and even Capitalism itself.

Bitcoin was invented so people could trade freely without being limited by corrupt banking practices and unnecessary regulation. It cannot be manipulated by 'flooding the market with fake orders to trick other traders into buying or selling' because every transaction is recorded in the Blockchain for all to see. No matter how much the price varies or what the cause, nobody can complain that they didn't have access to accurate information.

Bitcoin doesn't need to be investigated. If the price crashes that's just market forces in action, and anybody who can't stand the heat should get out of the kitchen.
__________________
We don't want good, sound arguments. We want arguments that sound good.

Last edited by Roger Ramjets; Yesterday at 01:11 AM.
Roger Ramjets is offline   Quote this post in a PM   Nominate this post for this month's language award Copy a direct link to this post Reply With Quote Back to Top
Old Yesterday, 02:00 AM   #2809
Samson
Philosopher
 
Join Date: Oct 2013
Posts: 7,656
Originally Posted by Roger Ramjets View Post
Nothing will come of it, because...

Bitcoin Price Drop From $20,000 Likely Due to Market Manipulation:

When 'purchasing and selling' is 'market manipulation' the fundamental principles of the Free Market are in question. Should people not be permitted to buy and sell whenever and however much they want, for whatever price is mutually agreed? This is more than just a few disgruntled bitcoiners upset at not getting their expected return, it's actually an attack on freedom, democracy, and even Capitalism itself.

Bitcoin was invented so people could trade freely without being limited by corrupt banking practices and unnecessary regulation. It cannot be manipulated by 'flooding the market with fake orders to trick other traders into buying or selling' because every transaction is recorded in the Blockchain for all to see. No matter how much the price varies or what the cause, nobody can complain that they didn't have access to accurate information.

Bitcoin doesn't need to be investigated. If the price crashes that's just market forces in action, and anybody who can't stand the heat should get out of the kitchen.
Yes indeed, well argued Roger.
Samson is offline   Quote this post in a PM   Nominate this post for this month's language award Copy a direct link to this post Reply With Quote Back to Top
Old Yesterday, 03:41 AM   #2810
psionl0
Skeptical about skeptics
 
psionl0's Avatar
 
Join Date: Sep 2010
Location: 3157'S 11557'E
Posts: 12,575
Originally Posted by BobTheCoward View Post
Would you consider yourself here a defender of bitcoin only?
You still don't get it. I am not defending bitcoin. I am merely pointing out how ridiculous the arguments against it are.

Bitcoin may well crash and burn (or do any number of other things) but it won't be because technical analysis or crystal ball gazing or any other form of woo has suddenly become a valid tool.

Originally Posted by BobTheCoward View Post
Does it include all cryptocurrency? A small basket?
I would say (yet again) that most cryptocurrencies will not amount to anything. Only a handful will and for how long is anybody's guess.
__________________
"The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975

Last edited by psionl0; Yesterday at 03:42 AM.
psionl0 is offline   Quote this post in a PM   Nominate this post for this month's language award Copy a direct link to this post Reply With Quote Back to Top
Old Yesterday, 04:35 AM   #2811
BobTheCoward
Penultimate Amazing
 
Join Date: Nov 2010
Posts: 12,730
Question

Originally Posted by psionl0 View Post
You still don't get it. I am not defending bitcoin. I am merely pointing out how ridiculous the arguments against it are.

Bitcoin may well crash and burn (or do any number of other things) but it won't be because technical analysis or crystal ball gazing or any other form of woo has suddenly become a valid tool.


I would say (yet again) that most cryptocurrencies will not amount to anything. Only a handful will and for how long is anybody's guess.
I get it. My line was teasing.
BobTheCoward is offline   Quote this post in a PM   Nominate this post for this month's language award Copy a direct link to this post Reply With Quote Back to Top
Old Yesterday, 12:00 PM   #2812
jrhowell
Critical Thinker
 
Join Date: Jun 2009
Posts: 396
Originally Posted by Roger Ramjets View Post
It cannot be manipulated by 'flooding the market with fake orders to trick other traders into buying or selling' because every transaction is recorded in the Blockchain for all to see. No matter how much the price varies or what the cause, nobody can complain that they didn't have access to accurate information.
Just in case someone might take this seriously, I want to point out that the block chain records the fact of bitcoins moving between anonymous accounts, but does not record what if anything was traded for those bitcoins. And of course exchange orders are not transactions.
jrhowell is offline   Quote this post in a PM   Nominate this post for this month's language award Copy a direct link to this post Reply With Quote Back to Top
Old Yesterday, 03:28 PM   #2813
Samson
Philosopher
 
Join Date: Oct 2013
Posts: 7,656
Originally Posted by psionl0 View Post
You still don't get it. I am not defending bitcoin. I am merely pointing out how ridiculous the arguments against it are.

Bitcoin may well crash and burn (or do any number of other things) but it won't be because technical analysis or crystal ball gazing or any other form of woo has suddenly become a valid tool.


I would say (yet again) that most cryptocurrencies will not amount to anything. Only a handful will and for how long is anybody's guess.
Fundamentals drive any market eventually, it can be likened to stretching and twisting a rubber band, but place it back at rest and it has the original shape. TA can only interpret the stretching and twisting, never the fair value of the entity.
For example gold rallied last week after the toys were getting tossed, but the 4 hour algo predicted the rally.
Samson is offline   Quote this post in a PM   Nominate this post for this month's language award Copy a direct link to this post Reply With Quote Back to Top
Old Yesterday, 03:39 PM   #2814
Samson
Philosopher
 
Join Date: Oct 2013
Posts: 7,656
TA suggests to me we are about to have the long awaited collapse, the set up looks dire.

7335 when posted

Last edited by Samson; Yesterday at 03:43 PM.
Samson is offline   Quote this post in a PM   Nominate this post for this month's language award Copy a direct link to this post Reply With Quote Back to Top
Old Today, 12:07 AM   #2815
PartSkeptic
Master Poster
 
PartSkeptic's Avatar
 
Join Date: Jan 2012
Location: South Africa
Posts: 2,784
Oh well, my strategy of buying the dips may not work anymore. I will not be buying the bottom - namely zero. Then it is game over.
__________________
**Agnostic theist. God/Satan/Angels/Demons may not exist - but I choose to think the probability is that they do. By personal experience.**
PartSkeptic is offline   Quote this post in a PM   Nominate this post for this month's language award Copy a direct link to this post Reply With Quote Back to Top
Old Today, 03:09 AM   #2816
Samson
Philosopher
 
Join Date: Oct 2013
Posts: 7,656
Originally Posted by PartSkeptic View Post
Oh well, my strategy of buying the dips may not work anymore. I will not be buying the bottom - namely zero. Then it is game over.
I'm sure psion is buying the dips.
Samson is offline   Quote this post in a PM   Nominate this post for this month's language award Copy a direct link to this post Reply With Quote Back to Top
Reply

International Skeptics Forum » General Topics » Economics, Business and Finance

Bookmarks

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -7. The time now is 02:19 PM.
Powered by vBulletin. Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.

This forum began as part of the James Randi Education Foundation (JREF). However, the forum now exists as
an independent entity with no affiliation with or endorsement by the JREF, including the section in reference to "JREF" topics.

Disclaimer: Messages posted in the Forum are solely the opinion of their authors.