Bitcoin Price Thread

[S2007S]

Actually not. When AMD was weak, money went into NVDA, the market decided which one has the better future and such. In a sector (what cryptos would be) when one is weak that doesn't mean the others get weak too (sure it happens but that isn't the point).

The point is that cryptos shouldn't move all together, the market should start to decide which one is the better and abandon the weak, yet the whole sector moves together all the time. And the explanation for that is very little fundamental value and lots of hype.

Abandon the weak?

Yea that's like all 1400 cryptocurrencies.....

 

[NeoTrader]

Actually not. When AMD was weak, money went into NVDA, the market decided which one has the better future and such. In a sector (what cryptos would be) when one is weak that doesn't mean the others get weak too (sure it happens but that isn't the point).

The point is that cryptos shouldn't move all together, the market should start to decide which one is the better and abandon the weak, yet the whole sector moves together all the time.

So now you assume that the masses are "rational"? You have to pick one position... Either you think that the masses are idiots or great at evaluation.
Personally, I don't draw conclusions on it, because it is useless to do so.

 

[SoesWasBetter]

I take a bow. Called the carnage.

 

[NeoTrader]

I take a bow. Called the carnage.

Who said anyone was watching?

You remind me of "The False Nero" from Lion Feuchtwanger... Making speaches and gathering applauses from imaginary masses while hiding in a dark cavern...

 

[Pekelo]

So now you assume that the masses are "rational"?

Not really but they should be, specially in the long run. But it is kind of irrelevant for the future, because the masses didn't invest in cryptos because they want them to succeed, they just want to make 2-300%, monthly if possible...

 

[NeoTrader]

Not really but they should be, specially in the long run. But it is kind of irrelevant for the future, because the masses didn't invest in cryptos because they want them to succeed, they just want to make 2-300%, monthly if possible...

Then what's your point in saying that "The point is that cryptos shouldn't move all together, the market should start to decide which one is the better and abandon the weak, yet the whole sector moves together all the time."...
You're contradicting yourself...
Again, you either think that the masses are stupid or you think that they are great at evaluation...
Otherwise, you're simply saying that IN HINDSIGHT what happened according to your opinion was smart, and what happened against it, is wrong... But in that case, these are just opinions: worthless.
I think that all opinions about the market(including mine) are worthless... So no point in using them to make trading decisions.

 

[Cuddles]

Thought we had at least one more day of sell off, but looks like rebound about to commence

 

[magicz]

its call the west coast prop up...look at the charts you'll see what I am talking about.

 

[SoesWasBetter]

Who said anyone was watching?

You remind me of "The False Nero" from Lion Feuchtwanger... Making speaches and gathering applauses from imaginary masses while hiding in a dark cavern...

So you admit you stayed long, and were deep into bitconnect?

sorry to hear it. get well soon

 

[NeoTrader]

So you admit you stayed long, and were deep into bitconnect?

sorry to hear it. get well soon

Where did you draw that conclusion from? Are you dislexic or something? Where did you hear that? I don't speculate with criptos... There are much better instruments to do that...

The value of cryptos are in the long run... The concept of it, regarding freedom... This is where it's real value is.

Other than that, I'm just having a laugh watching idiots who didn't even have the balls to bet on their opinions and put their money where their mouth is, say they're "trading gods" because of some random strong movement in a market.