All posts made by riils in Bitcointalk.org's Wall Observer thread
1.
Post 12949093 (copy this link) (by riils) (scraped on 2020-04-04_Sat_14.33h):
any geniuses left to dump it to 305 once more?
The real geniuses are those who think that price will go up for no reason.
After the break at 500, it was almost obvious that price will return to mean - 250 or so.
2.
Post 12949258 (copy this link) (by riils) (scraped on 2020-04-04_Sat_14.33h):
any geniuses left to dump it to 305 once more?
that was a nice bear trap...
Exactly. All the price movement after bitcoin reached 1000$ is just one big beartrap lol.
3.
Post 12949720 (copy this link) (by riils) (scraped on 2020-04-04_Sat_14.33h):
In other words, one can absolutely conclude that the particular set up of likely knowledge gaps (probably rather high in here) and short-term prediction ability (not extremely high maybe, but improving) in this market is unfavorable for personal attempts at trading. That said, there are plenty of people who see the same parameters and conclude it is worth it.
During the pump and dump phases, any individual trader can participate with good chance of success and no information required other than price chart.
The problem is that obvious pump and dump phases happen once or twice a year at best. But average individual "trader" is super greedy and wants to daytrade, which usually erases all prior gains during the obvious pump and dumps.
And don't ask me how I know this lol
4.
Post 12950095 (copy this link) (by riils) (scraped on 2020-04-04_Sat_14.33h):
I don't think that $300 will hold
It will stabilize where it was before the pump - 250 +/- 20. But it will probably overshoot and hit lower lows at first (big dumpers, shorting frenzy & mass panic).
5.
Post 12950523 (copy this link) (by riils) (scraped on 2020-04-04_Sat_14.33h):
Volume is high because bubble is still deflating, what's so hard to understand here?
6.
Post 12950638 (copy this link) (by riils) (scraped on 2020-04-04_Sat_14.33h):
King of trading ^^
No seriously, tell me what do you not understand about the trading volume right now?
I think this November pump&dump was absolutely "textbook" - no surprises at all. At least so far.
7.
Post 12951038 (copy this link) (by riils) (scraped on 2020-04-04_Sat_14.33h):
newbie genius detected (and ignored)
Dotto.
Ignoring cl00less n00bs like a boss. All the way down from $1,200TM 
He probably still thinks bitcoin is at 1200$, because everyone who uses terms like "pump&dump", "decline", "correction" or "bubble" is on his ignore list.
There's a word it - its called "ignorance"
8.
Post 12951166 (copy this link) (by riils) (scraped on 2020-04-04_Sat_14.33h):
Which is the reason of this strong decrease?
You tell me, what was the reason for the strong increase? Huh?
I love bitcoin. But, unfortunately, at the moment 90% of its price is just speculative smoke, with very little to do with future potential, adoption or even news.
What is the true value of 1 bitcoin? Nobody knows.
9.
Post 12951378 (copy this link) (by riils) (scraped on 2020-04-04_Sat_14.33h):
At least the charts are not boring. Non-stop action.
10.
Post 12955264 (copy this link) (by riils) (scraped on 2020-04-04_Sat_14.33h):
euro is fucked up, I am watching my euros going down against usd and wish I would have bought more bitcoins in the 200s in october
If you want to protect wealth, you better buy those "evil, evil" US dollars, not bitcoin, gold or other speculative "products"
FED rocks!
11.
Post 12955565 (copy this link) (by riils) (scraped on 2020-04-04_Sat_14.33h):
euro is fucked up, I am watching my euros going down against usd and wish I would have bought more bitcoins in the 200s in october
If you want to protect wealth, you better buy those "evil, evil" US dollars, not bitcoin, gold or other speculative "products"
FED rocks!
Personally, I don't think the USD is evil. Just that it's a shitty financial tool, compared to bitcoin. Any fiat is, really. Hence why bitcoin is worth so much more (300+ times, at the moment). One of such advantages is a one-cent transaction fee to send any amount of money anywhere in the world (so long as there is Internet and electricity there)... In less than an hour. So, it's safer to have your life savings in usd, but you should have some percentage of your investment money in bitcoin (and tesla, their 2017 model will do great, I reckon).
Common sense tells us that $ should devalue drastically from the very strange heights its at right now. But this is a game without universal rules. The house (US hegemons) can bend and alter rules however and whenever they wish. The proof is $ rally and depreciation of precious metals.
As far as TESLA, I used to own some stock but I sold it too soon at a loss - buy high, sell lower - the most widespread trading strategy amongst non-professionals.
But I like TESLA a lot. And also SpaceX. You can buy Alphabet to get some exposure to SpaceX.
12.
Post 12955926 (copy this link) (by riils) (scraped on 2020-04-04_Sat_14.33h):
John the Dumper is dumping again.
13.
Post 12956003 (copy this link) (by riils) (scraped on 2020-04-04_Sat_14.33h):
John the Dumper is dumping again.
Good traders buy in opportunity.
I amn't going to do it though, cos all that would happen would be my position going $5 against me, and then me freaking out and going short, and getting wiped out on the rise to $370.
I think thats what bots are programmed to do - buy and sell soon on every steep drop no matter what. Probably works.
14.
Post 12957081 (copy this link) (by riils) (scraped on 2020-04-04_Sat_14.33h):
15.
Post 12957267 (copy this link) (by riils) (scraped on 2020-04-04_Sat_14.33h):
Something tells me that you are shorting bitcoint right now. Am I genius or not?
16.
Post 12981098 (copy this link) (by riils) (scraped on 2020-04-04_Sat_14.34h):
310 in 1 hour or never.
Ha ha ha.
I went all-in a leveraged short at 308 several days ago. And watched it go up to 350. But my conviction that it will retract to 270 is rock solid. I simply know it. Call me Nostradamus.
If it goes above 370 I am wiped out. But I won't mind since its a small sum of money I am already determined to loose. I don't take bitcoin speculation seriously.
Be patient, gravity works all the time. Only thing that can bring it much higher is yet another pump. Large or small. And likelihood of another pump to 370+ is not small. But smaller than it going below 300.
Remember - bitcoin price doesn't reflect anything. Not yet. At the moment its just blowing in winds of speculation.
17.
Post 12981238 (copy this link) (by riils) (scraped on 2020-04-04_Sat_14.34h):
310 in 1 hour or never.
Ha ha ha.
I went all-in a leveraged short at 308 several days ago. And watched it go up to 350. But my conviction that it will retract to 270 is rock solid. I simply know it. Call me Nostradamus.
If it goes above 370 I am wiped out. But I won't mind since its a small sum of money I am already determined to loose. I don't take bitcoin speculation seriously.
Be patient, gravity works all the time. Only thing that can bring it much higher is yet another pump. Large or small. And likelihood of another pump to 370+ is not small. But smaller than it going below 300.
Remember - bitcoin price doesn't reflect anything. Not yet. At the moment its just blowing in winds of speculation.
Wow...really? You will get wiped out...!
Bitcoin is for real traders not the fixed stock market naked short bs!
The pros are at the poker table and its game on...
Bitcoin is not for real traders, because its price can be manipulated severely (and easily) by a single person or a single pump&dump group. Therefore it is almost pointless to do any analysis and there is little or no added value for your time and work doing this analysis. You might as well hold forever or sell and never come back.
Maybe there is point in making automated fast trading mechanisms that will capitalize on short term price oscillations, but not things like long term technical analysis etc. Who are you kidding? That crap doesn't even work in stock market these days.
Why I know that its going to 270 is simply the fact that bubble hasn't deflated fully yet. You say "naive", I say "simple" lol
And I didn't need no "real trader voodoo" to figure out that it was a bubble. I know when I see one. And I was shorting all the way down from 500
18.
Post 12981289 (copy this link) (by riils) (scraped on 2020-04-04_Sat_14.34h):
If there is no bubble by next week (when fiat starts flowing), then I most likely will be proven correct (as far as price going to 270).
19.
Post 12981530 (copy this link) (by riils) (scraped on 2020-04-04_Sat_14.34h):
310 in 1 hour or never.
Ha ha ha.
I went all-in a leveraged short at 308 several days ago. And watched it go up to 350. But my conviction that it will retract to 270 is rock solid. I simply know it. Call me Nostradamus.
If it goes above 370 I am wiped out. But I won't mind since its a small sum of money I am already determined to loose. I don't take bitcoin speculation seriously.
Be patient, gravity works all the time. Only thing that can bring it much higher is yet another pump. Large or small. And likelihood of another pump to 370+ is not small. But smaller than it going below 300.
Remember - bitcoin price doesn't reflect anything. Not yet. At the moment its just blowing in winds of speculation.
But what happens if Bitcoin hits $370 before it retraces down to the Monster Support level at around $270?
I am screwed, that simple
