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    Author Topic: Gold collapsing. Bitcoin UP.  (Read 2032324 times)

    • cypherdoc (OP)
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    October 15, 2014, 06:08:22 PM
     #13881
    Quote from: protokol on October 15, 2014, 05:05:39 PM
    Quote from: cypherdoc on October 15, 2014, 04:53:54 PM
    Quote from: protokol on October 15, 2014, 04:49:02 PM
    Dow just dropped to <15900, this is nuts. I've made a little money shorting, but not as much as I should have - the crazy volatility keeps giving me cold feet  Cheesy

    whatever you do, don't put stops @16000.  they will criss cross that level many times to take you out.

    Cheers for the advice. Yeah I bet it was truly nail-biting trading during the big crash... Do you think we'll see a bottom in the stocks soon, or could we be gearing up for another monumental correction/crash? Anyone's guess I suppose...

    we've crossed 16000 five times today.  we'll probably finish up over 16000 for a sixth time with an end of the day towering ramp, if i had to guess.

  • cypherdoc (OP)
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    October 15, 2014, 06:47:33 PM
     #13882
    every Bitcoiner who's had to endure the "volatility" argument surrounding Bitcoin over the last few years needs to take this opportunity to shove that same argument regarding the stock mkt back into the face of whoever said that to you.

  • cypherdoc (OP)
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    October 15, 2014, 06:51:03 PM
     #13883
    16000 crossed 7x today.

  • NotLambchop
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    October 15, 2014, 06:55:02 PM
     #13884
    Quote from: cypherdoc on October 15, 2014, 06:47:33 PM
    every Bitcoiner who's had to endure the "volatility" argument surrounding Bitcoin over the last few years needs to take this opportunity to shove that same argument regarding the stock mkt back into the face of whoever said that to you.

    Lol, the DOW moves < 3% in one day ==> OMG VOLATILITY!!!
    Bitcoin moves > 5% on the same day ==> sideways trading...

    Keep trying Cheesy

  • cypherdoc (OP)
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    October 15, 2014, 06:59:10 PM
     #13885
    Quote from: NotLambchop on October 15, 2014, 06:55:02 PM
    Quote from: cypherdoc on October 15, 2014, 06:47:33 PM
    every Bitcoiner who's had to endure the "volatility" argument surrounding Bitcoin over the last few years needs to take this opportunity to shove that same argument regarding the stock mkt back into the face of whoever said that to you.

    Lol, the DOW moves < 3% in one day ==> OMG VOLATILITY!!!
    Bitcoin moves > 5% on the same day ==> sideways trading...

    Keep trying Cheesy

    Bitcoin is only 5.5 yo.

    the Dow is over 100 yo.  what's your excuse?

  • lebing
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    Enabling the maximal migration


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    October 15, 2014, 07:11:51 PM
     #13886
    Quote from: cypherdoc on October 15, 2014, 06:59:10 PM
    Quote from: NotLambchop on October 15, 2014, 06:55:02 PM
    Quote from: cypherdoc on October 15, 2014, 06:47:33 PM
    every Bitcoiner who's had to endure the "volatility" argument surrounding Bitcoin over the last few years needs to take this opportunity to shove that same argument regarding the stock mkt back into the face of whoever said that to you.

    Lol, the DOW moves < 3% in one day ==> OMG VOLATILITY!!!
    Bitcoin moves > 5% on the same day ==> sideways trading...

    Keep trying Cheesy

    Bitcoin is only 5.5 yo.

    the Dow is over 100 yo.  what's your excuse?

    just ignore the troll cypher. Not worth your energy.
    Bro, do you even blockchain?
    -E Voorhees

  • sidhujag
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    October 15, 2014, 07:15:14 PM
     #13887
    Quote from: NotLambchop on October 15, 2014, 06:55:02 PM
    Quote from: cypherdoc on October 15, 2014, 06:47:33 PM
    every Bitcoiner who's had to endure the "volatility" argument surrounding Bitcoin over the last few years needs to take this opportunity to shove that same argument regarding the stock mkt back into the face of whoever said that to you.

    Lol, the DOW moves < 3% in one day ==> OMG VOLATILITY!!!
    Bitcoin moves > 5% on the same day ==> sideways trading...

    Keep trying Cheesy

    Bad comparison. Look at market caps... if they were equal > 5% wouldn't happen.

  • NotLambchop
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    October 15, 2014, 07:23:48 PM
     #13888
    Quote from: cypherdoc on October 15, 2014, 06:59:10 PM
    Quote from: NotLambchop on October 15, 2014, 06:55:02 PM
    Quote from: cypherdoc on October 15, 2014, 06:47:33 PM
    every Bitcoiner who's had to endure the "volatility" argument surrounding Bitcoin over the last few years needs to take this opportunity to shove that same argument regarding the stock mkt back into the face of whoever said that to you.

    Lol, the DOW moves < 3% in one day ==> OMG VOLATILITY!!!
    Bitcoin moves > 5% on the same day ==> sideways trading...

    Keep trying Cheesy

    Bitcoin is only 5.5 yo.

    the Dow is over 100 yo.  what's your excuse?

    Excuse?!  The level of insanity in this thread...
    I don't pimp DOW, i don't feel any need to make up excuses for it as you do for Bitcoin.
    But hey, if Bitcoin's not mature enough, point taken.  I'll consider it an investment once it matures Smiley

  • cypherdoc (OP)
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    October 15, 2014, 07:26:08 PM
     #13889
    16000 crossed 9x today.

  • FNG
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    October 15, 2014, 07:26:22 PM
     #13890
    Dow going under 16,000???


     Grin

  • sidhujag
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    October 15, 2014, 07:27:13 PM
     #13891
    Quote from: NotLambchop on October 15, 2014, 07:23:48 PM
    Quote from: cypherdoc on October 15, 2014, 06:59:10 PM
    Quote from: NotLambchop on October 15, 2014, 06:55:02 PM
    Quote from: cypherdoc on October 15, 2014, 06:47:33 PM
    every Bitcoiner who's had to endure the "volatility" argument surrounding Bitcoin over the last few years needs to take this opportunity to shove that same argument regarding the stock mkt back into the face of whoever said that to you.

    Lol, the DOW moves < 3% in one day ==> OMG VOLATILITY!!!
    Bitcoin moves > 5% on the same day ==> sideways trading...

    Keep trying Cheesy

    Bitcoin is only 5.5 yo.

    the Dow is over 100 yo.  what's your excuse?

    Excuse?!  The level of insanity in this thread...
    I don't pimp DOW, i don't feel any need to make up excuses for it as you do for Bitcoin.
    But hey, if Bitcoin's not mature enough, point taken.  I'll consider it an investment once it matures Smiley

    Sure... by then it may be $100k.. that is the point of taking risk of an immature investment.. it is high risk high reward, like a penny stock.

  • NotLambchop
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    October 15, 2014, 07:32:41 PM
     #13892
    ^
    Not arguing at all.  Just like penny stocks.

  • zeetubes
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    October 15, 2014, 07:36:12 PM
     #13893
    Quote from: cypherdoc on October 15, 2014, 07:26:08 PM
    16000 crossed 9x today.

    That was a nice call on 16K you made earlier. The fed is the only thing between DOW 16k and DOW 3K, where it should probably be about now. I'm pretty sure they'll keep it above 16K today but they're going to be busy tonight wondering what the hell to do in Asia and Europe. Every time the DOW dips, someone is moving significant money out and the fed is pumping money back in using one of its many hidden channels. I wonder where the money that's taken out is being parked.

  • sidhujag
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    October 15, 2014, 07:50:12 PM
     #13894
    Quote from: NotLambchop on October 15, 2014, 07:32:41 PM
    ^
    Not arguing at all.  Just like penny stocks.

    Gotta start somewhere... we are in the early adoption phase aren't we.

  • sidhujag
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    October 15, 2014, 07:53:29 PM
     #13895
    Quote from: zeetubes on October 15, 2014, 07:36:12 PM
    Quote from: cypherdoc on October 15, 2014, 07:26:08 PM
    16000 crossed 9x today.

    That was a nice call on 16K you made earlier. The fed is the only thing between DOW 16k and DOW 3K, where it should probably be about now. I'm pretty sure they'll keep it above 16K today but they're going to be busy tonight wondering what the hell to do in Asia and Europe. Every time the DOW dips, someone is moving significant money out and the fed is pumping money back in using one of its many hidden channels. I wonder where the money that's taken out is being parked.

    Yea I know.. its funny in 2011 pretty much it was BOTS and banks trading at the promise of the fed backing them and the market tried to crash so many times but was bought with big volume everytime... like a hidden hand... fundamentals were pretty rough then... however as fed bought (and now owns most of the market) they have to distribute somewhere too... and wonder if they slowly did as it rose. Now that they stepped out of asset purchases there are no buyers left and any bad news shows the real intent of the market (to dump).. until magic wand comes back... its just like currency intervention, until there are enough shorters to make money off of for big fish to eat them up it wont rise. Once shorters come back with margins... it might go back up... right now I think they aren't shorting thinking there is support so  I think there is room to go down still.

  • zeetubes
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    October 15, 2014, 07:58:59 PM
     #13896
    Quote from: sidhujag on October 15, 2014, 07:53:29 PM
    Quote from: zeetubes on October 15, 2014, 07:36:12 PM
    Quote from: cypherdoc on October 15, 2014, 07:26:08 PM
    16000 crossed 9x today.

    That was a nice call on 16K you made earlier. The fed is the only thing between DOW 16k and DOW 3K, where it should probably be about now. I'm pretty sure they'll keep it above 16K today but they're going to be busy tonight wondering what the hell to do in Asia and Europe. Every time the DOW dips, someone is moving significant money out and the fed is pumping money back in using one of its many hidden channels. I wonder where the money that's taken out is being parked.

    Yea I know.. its funny in 2011 pretty much it was BOTS and banks trading at the promise of the fed backing them and the market tried to crash so many times but was bought with big volume everytime... like a hidden hand... fundamentals were pretty rough then... however as fed bought (and now owns most of the market) they have to distribute somewhere too... and wonder if they slowly did as it rose. Now that they stepped out of asset purchases there are no buyers left and any bad news shows the real intent of the market (to dump).. until magic wand comes back... its just like currency intervention, until there are enough shorters to make money off of for big fish to eat them up it wont rise. Once shorters come back with margins... it might go back up... right now I think they aren't shorting thinking there is support so  I think there is room to go down still.

    I'm guessing the <CTL> P key on the Fed's keyboard is looking a little worn out. 

  • cypherdoc (OP)
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    October 15, 2014, 08:04:00 PM
     #13897
    Quote from: zeetubes on October 15, 2014, 07:36:12 PM
    Quote from: cypherdoc on October 15, 2014, 07:26:08 PM
    16000 crossed 9x today.

    That was a nice call on 16K you made earlier. The fed is the only thing between DOW 16k and DOW 3K, where it should probably be about now. I'm pretty sure they'll keep it above 16K today but they're going to be busy tonight wondering what the hell to do in Asia and Europe. Every time the DOW dips, someone is moving significant money out and the fed is pumping money back in using one of its many hidden channels. I wonder where the money that's taken out is being parked.

    along with the end of day ramp.  altho it those ramps can get even more intense than it was.

    it can get truly ridiculous.

  • NotLambchop
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    October 15, 2014, 08:10:13 PM
     #13898
    Quote from: sidhujag on October 15, 2014, 07:50:12 PM
    Quote from: NotLambchop on October 15, 2014, 07:32:41 PM
    ^
    Not arguing at all.  Just like penny stocks.

    Gotta start somewhere... we are in the early adoption phase aren't we.

    Again, not arguing.
    If you look back, I simply commented on the hilarity of cypher's "every Bitcoiner who's had to endure the "volatility" argument surrounding Bitcoin over the last few years needs to take this opportunity to shove that same argument regarding the stock mkt back into the face of whoever said that to you."

  • zeetubes
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    October 15, 2014, 08:15:27 PM
     #13899
    Quote from: cypherdoc on October 15, 2014, 08:04:00 PM
    Quote from: zeetubes on October 15, 2014, 07:36:12 PM
    Quote from: cypherdoc on October 15, 2014, 07:26:08 PM
    16000 crossed 9x today.

    That was a nice call on 16K you made earlier. The fed is the only thing between DOW 16k and DOW 3K, where it should probably be about now. I'm pretty sure they'll keep it above 16K today but they're going to be busy tonight wondering what the hell to do in Asia and Europe. Every time the DOW dips, someone is moving significant money out and the fed is pumping money back in using one of its many hidden channels. I wonder where the money that's taken out is being parked.

    along with the end of day ramp.  altho it those ramps can get even more intense than it was.

    it can get truly ridiculous.

    Yup. It would be an interesting exercise to look at the last seven years of DOW history and work out on days when it was both down and falling at 3.30pm what you would make if you had invested at ~3.35pm and then pulled out at ~3.55pm.

  • cypherdoc (OP)
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    October 15, 2014, 08:15:57 PM
     #13900
    Actually,  if we had 15 or 30 sec charts, it would have crossed 16k probably 20x.

    The algos will hunt you down.
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