The Market is wrong

themickey said:
I'm not sure what angle you are coming from.
I wouldn't 'invest' in bitcoin, no way!
Bitcoin is a trading commodity and a very good one imo.
I trade the ETF's, it's safer for me that way.
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No No No. stay away from trading bitcoin the same way you would stay away from trading penny stocks.
 
SunTrader said:
IMO although the markets are far from perfect they get it right more than wrong, what other mechanism comes even close?
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Well, is your basis for deciding "right." How do you know the market is right? You buy and the market goes up; the market is right. You buy and the market goes down; the market is wrong???
 
piezoe said:
No No No. stay away from trading bitcoin the same way you would stay away from trading penny stocks.
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Yes yes yes, bitcoin is very TA friendly, penny stocks are a different kettle of fish, penny stock directors, most gained their final education firstly in kindergarten but then went straight to Trump University to learn how to lie with a straight face.
 
The_Krakenite said:
Everyone who has a fiduciary to their client's retirement fund.

Due to the way these futures ETFs work, they are guaranteed to lose in the long run. They behave similarly to that USO garbage and other ETFs that are 2x & 3x leveraged. Eventually, they all head to zero.

These products were never made for retail trying to invest for the long-term (for what should have been obvious reasons).
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Contango.
 
piezoe said:
Well, is your basis for deciding "right." How do you know the market is right? You buy and the market goes up; the market is right. You buy and the market goes down; the market is wrong???
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Not tick by tick. Although yes for that micro-second it was right.

You do understand settlement, right?
 
themickey said:
Yes yes yes, bitcoin is very TA friendly, penny stocks are a different kettle of fish, penny stock directors, most gained their final education firstly in kindergarten but then went straight to Trump University to learn how to lie with a straight face.
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I just read this morning in the Times that Chesebro (the fake elector "genius" attorney that just pleaded guilty) had made "several"million in bitcoin in 2014. So what do I know? Well I know this much, I sure as hell am not going to "invest" in bitcoin.
 
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