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26th December 2019, 10:00 AM | #401 |
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I think you’ve missed the point of the criticisms. Samson says he has an algorithm, based on Technical Analysis (something that seems akin to tea leaf reading or biorhythm analysis) that can predict the price/movement of Bitcoin. What we are pointing out is that his “algorithm” is no better than guessing what’s going to happen; he may as well claim to be psychic. |
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26th December 2019, 04:58 PM | #402 |
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I just wanted to say that I've been trying to login to coinbase for the last about 10 days now. The code they send me is invalid, according to their website, and I can't get in without both the password and code.
On top of that, easily the worst customer service I've received in the last 2-3 years. Non-responsive by phone, as in a human doesn't even pick up. I select 'login issues' from the phone tree and get an automated message that basically says, "We're busy, go to the website", then it hangs up. I've submitted my 3rd request for help now through their site and have yet to hear a reply. As in, not even an automated "thank you for your email support request" type of reply. Just nothing. |
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29th December 2019, 02:15 PM | #403 |
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In the meantime. Just to enlighten and or brighten your day:
From: vanityfair.com Ponzi Schemes, Private Yachts, and a Missing $250 Million in Crypto: The Strange Tale of Quadriga |
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30th December 2019, 12:19 PM | #404 |
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30th December 2019, 02:36 PM | #405 |
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30th December 2019, 04:52 PM | #406 |
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31st December 2019, 03:28 AM | #407 |
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31st December 2019, 07:19 AM | #408 |
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31st December 2019, 12:05 PM | #409 |
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Meanwhile at 7130 this algorithm of disputed predictive power says sell bitcoin with a stop at 7530, target 6730 at least.
Easy money. |
31st December 2019, 02:38 PM | #410 |
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31st December 2019, 02:44 PM | #411 |
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31st December 2019, 02:56 PM | #412 |
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I have great tip too .. buy at 1000, sell at 20.000. And it's still active, if the price is not 1000, or after that, if it's not 20.000, just wait.
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31st December 2019, 03:36 PM | #413 |
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31st December 2019, 04:23 PM | #414 |
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31st December 2019, 07:03 PM | #415 |
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Yes .. it's basically 50/50 .. you win, or you loose.
Btw. I'm not a rapper. |
1st January 2020, 03:49 PM | #416 |
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2nd January 2020, 02:05 AM | #417 |
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Meanwhile
A c-clamp formation that will be followed by a bullish Tenkan/Kijun (TK) cross and a big Ichimoku cloud E2E could open the door to $8,700. https://u.today/bitcoin-price-remain...valentines-day I am humbled. |
2nd January 2020, 02:05 AM | #418 |
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No, its far better odds than 50/50 because Samson doesn't consider time restrictions in his "predictions" and can retrospectively choose when to "close his position".
50/50 would be right if we were just looking at the next move in price up or down but in effect Samson is saying that "at some point in the future the price of Bitcoin will be higher/lower than its current value". For some something as volatile as Bitcoin, the chances of that happening are far greater than 50% and any "wrong" predictions just aren't "right" yet |
2nd January 2020, 02:22 AM | #419 |
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2nd January 2020, 04:26 AM | #420 |
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I was just pointing out to the uninitiated that your "predictions" aren't just 50/50 calls. For something which has a volatile price, saying that it will be higher/lower than its current price at some unspecified point in the future is both highly likely to be correct, but also functionally useless.
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2nd January 2020, 08:15 AM | #421 |
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It doesn't matter if you don't want the trades to be linked, since they trading on the same item, they are linked. If you were betting on a sports outcome you couldn't say take the over AND the under. Don't think of them as linked, they are different bets.
Again, if the TA is guidance, and BT will follow it, why would I NOT adjust by buy price or my stoploss to the new guidance? Why aren't you trading it yourself? You said it was "easy money" Seems like you don't have any faith in your own model. So again, I will ask - But if it's going down to 6730, why am I covering my short at 6860? and if it might bite me in the ass, why shouldn't I update my stop loss to 7530 from 7700? Since, according to you, BT is going to follow your TA, why should I not adjust my trades to the new guidance? |
3rd January 2020, 02:23 AM | #422 |
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Interestingly bitcoin traded 6852 then rallied 350 dollars.
That did put the 6860 trade in the can, though purists would also point out the standard trading spread is $36, so we would not have been "filled". |
3rd January 2020, 07:42 AM | #423 |
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3rd January 2020, 09:56 AM | #424 |
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3rd January 2020, 02:47 PM | #425 |
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3rd January 2020, 04:35 PM | #426 |
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6th January 2020, 07:32 AM | #427 |
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6th January 2020, 07:59 PM | #428 |
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It would be cool to have some kind of a global currency that's inflation-proof, that's not controlled by or subject to whims/policies of individual nations/governments, that's fairly easy to access and use, that isn't wasteful (unlike Bitcoin), that isn't volatile (unlike Bitcoin), and that's impervious to manipulation and profiteering. Of course, such a currency would by definition work only if people agreed to use it, but assuming people's willingness to use such aa currency, is such a thing even possible/feasible? Would any of of the economics experts/nerds here know if such a thing has been studied/discussed/been dreamt up?
eta: I'm not very clear on all of the technical details of cryptocurrency, but I guess this is what cryptos, and specifically bitcoin, started out as, or so people imagined, right? So, has such an ideal/utopian global currency been dreamt up -- and the details addressed, at least some details, at least in theory -- by economists past or cryptonerds present, is what I was wondering. |
9th January 2020, 11:43 AM | #429 |
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In terms of the second trade, sell at 7130 profit 400 dollars and stop 400, this trade actually went 107 dollars out of the money and 277 into the money before the big reversal. This is up to the trader to see if there is a viable strategy and of course any mathematician will affirm there is, its obvious, including trailing stops, break even stops, adding on the back foot and so on. It is the 277 to 107 ratio that is important.
I tried to explain all this on the technical analysis threads but was continually reminded of the refrain, no good deed should go unpunished. |
9th January 2020, 11:51 AM | #430 |
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9th January 2020, 11:59 AM | #431 |
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Sorry, this does nothing to explain why you need to have to separate trades to cover what was basically, identical predictions.
If BT is going to go down to 6730, it has to hit any 6800 number because that is how numbers work. So, again I ask, why would I need 2 trades to cover the same general analysis? Why wouldn't I just update my buy point with the new prediction? Is the new prediction less valid? Is it less likely to occur? Why does each prediction have to be considered as it's own thing when they are made days apart? Especially when they make almost identical predictions, they both were declines after all. |
9th January 2020, 12:27 PM | #432 |
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I really do not see the issue. If we forget bitcoin and think of say buying apple shares.
I might buy 100 shares on monday, with a profit target, and buy another 100 shares next monday with a different profit target.The fact I now have 200 shares for a while is just fine, especially if I sell 100 at a profit one day, and the other at a profit subsequently, which in fact was the case with these two bitcoin shorts, assuming a trailing profit stop on the second. |
9th January 2020, 02:19 PM | #433 |
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Here is the point. You say that Apple is going to hit 100. The NEXT DAY, you figure it's going to actually hit 120. Why would you throw away that 20 dollar change?
Prediction 2, where it's going to hit 120, will require it to hit 100. Prediction 2 updates, or clarifies prediction 1. There is no way for 2 to be right that doesn't include #1 being correct as well. So why, again, would I piss away that 20 buck change because the SAME ALGORITH predicted both DAYS APART? |
9th January 2020, 09:46 PM | #434 |
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9th January 2020, 09:57 PM | #435 |
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11th January 2020, 04:04 AM | #436 |
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11th January 2020, 04:13 AM | #437 |
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11th January 2020, 08:06 AM | #438 |
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11th January 2020, 08:21 AM | #439 |
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11th January 2020, 09:20 AM | #440 |
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