Bitcoin's and the future of online banking - Page 49

On January 12 2018 03:35 Daut wrote: Show nested quote + On January 11 2018 00:05 Spitfiree wrote: Can someone recommend some good reads on technical analysis for beginners, - which rate is better to follow currency/USD or currency/btc and everything around that, I basically only understand the basics and mostly invest on knowledge of product, politics around it, faces around it and blah blah all data you could find, but seems like involving technical analysis would be much better - e.g. STRAT is moving in a pretty cool uptrend channel compared to BTC, but compared to USD it doesn't really seem that way Secrets for Profiting in Bull and Bear Markets by Stan Weinstein Reminiscences of a Stock Operator by Edwin Lefevre https://www.babypips.com/learn

Daut can you please explain why technical analysis works? Basically predicting future based on past events?

Technical analysis works because humans are a predictable animal that behaves in certain ways. Technical analysys attempts to predict the behaviour of humans when feelings such as greed and fear are experienced.

On January 12 2018 19:51 cariadon wrote: Show nested quote + On January 12 2018 03:35 Daut wrote:   On January 11 2018 00:05 Spitfiree wrote: Can someone recommend some good reads on technical analysis for beginners, - which rate is better to follow currency/USD or currency/btc and everything around that, I basically only understand the basics and mostly invest on knowledge of product, politics around it, faces around it and blah blah all data you could find, but seems like involving technical analysis would be much better - e.g. STRAT is moving in a pretty cool uptrend channel compared to BTC, but compared to USD it doesn't really seem that way Secrets for Profiting in Bull and Bear Markets by Stan Weinstein Reminiscences of a Stock Operator by Edwin Lefevre https://www.babypips.com/learn Daut can you please explain why technical analysis works? Basically predicting future based on past events?

A lot of it is based on the psychology of people trying to book winners. Say for instance Dash hits a local top at .09 BTC, you and some others buy at .08 BTC, and the price falls to .05 BTC before starting to rise again. It will be difficult to break through the .09 level because many of the people who bought and stubbornly held on through the downswing will try to book a winner and will dump it once the price exceeds their entry, so the .09 BTC level is a strong resistance area.

The rest is sort of a self fulfilling prophecy: if enough people read into a chart and react predictably based on what happens, then the expected is more likely to happen.

On January 12 2018 10:17 Spitfiree wrote: Thanks Daut @Baal what happens if BTC loses its dominance though? Which is kind of happening atm - always compare alt coins to market dominator? Also is there a good app to follow your portofolio comapred to BTC? Coinmarketcap one is xx/USD only

Delta is a nice app, try it out.

"bitcoin's development is centralized! stay away! let's listen to roger ver and his sockpuppets!"

On January 13 2018 00:27 Daut wrote: Show nested quote + On January 12 2018 19:51 cariadon wrote:   On January 12 2018 03:35 Daut wrote:   On January 11 2018 00:05 Spitfiree wrote: Can someone recommend some good reads on technical analysis for beginners, - which rate is better to follow currency/USD or currency/btc and everything around that, I basically only understand the basics and mostly invest on knowledge of product, politics around it, faces around it and blah blah all data you could find, but seems like involving technical analysis would be much better - e.g. STRAT is moving in a pretty cool uptrend channel compared to BTC, but compared to USD it doesn't really seem that way Secrets for Profiting in Bull and Bear Markets by Stan Weinstein Reminiscences of a Stock Operator by Edwin Lefevre https://www.babypips.com/learn Daut can you please explain why technical analysis works? Basically predicting future based on past events? A lot of it is based on the psychology of people trying to book winners. Say for instance Dash hits a local top at .09 BTC, you and some others buy at .08 BTC, and the price falls to .05 BTC before starting to rise again. It will be difficult to break through the .09 level because many of the people who bought and stubbornly held on through the downswing will try to book a winner and will dump it once the price exceeds their entry, so the .09 BTC level is a strong resistance area. The rest is sort of a self fulfilling prophecy: if enough people read into a chart and react predictably based on what happens, then the expected is more likely to happen.

It's pretty much Whales that influence the media wipe their asses with traders
Who make money off predictable retail

Seriously it's so easy for a couple bigger accounts to flip the predictable trader models at breaking points with well timed buy sells and "leaks" to the media

http://bitcoinist.com/pre-ico-soon-be...dwide-bookmaker-and-betting-exchange/

I havent researched this yet but def worth mentioning. Theres also FUN coin and i think betkings is making a betting exchange too. Seems like a no brainer to invest in all the frontrunners because IMO crypto gambling is about to take over the world

The team that TRON is building looks just insanely good and getting better with each new day, they just picked up two new people - a security expert who basically worked for all big banks in China and a senior dev from Alibaba

Any of you guys already familiar with Coinpoker? It's ICO starts in a couple of days.
It's basically an online pokerroom built on blockchain technology and could disrupt the industry as everyone in the world can play, sort of anonymously, and enjoy i.e. lower rakes and faster payouts.

Whitepaper: https://coinpoker.com/downloads/coinpoker-whitepaper.pdf?v1801010

Isn't tron a scam or sth ?

yea tbh tron is looking more and more like a scam, but who knows. it was inevitable one of these would be IMO. just look at all the shit that justin sun posts, he is the definition of a blogging faggot and i really really dont trust him. i didnt do enough research and avoided the early bad warning signs. cut my losses at 11 cents, glad i did. way more opportunities out there.

i got a tip from my trading group that blockV is going to be released on bittrex/binance in the next couple of weeks, will hopefully be a nice gain.

also ethereum is just gunna keep going up. all friggen year long. safest investment IMO

On January 14 2018 17:47 Rolon wrote: Any of you guys already familiar with Coinpoker? It's ICO starts in a couple of days. It's basically an online pokerroom built on blockchain technology and could disrupt the industry as everyone in the world can play, sort of anonymously, and enjoy i.e. lower rakes and faster payouts. Whitepaper: https://coinpoker.com/downloads/coinpoker-whitepaper.pdf?v1801010

there's FUN coin and i had posted above about another gambling exchange in the pre-ISO period. IMO i'd be more comfortable putting money into an exchange-sportbook-casino-poker-whatever massive thing than something that is directed only at poker. I'm sure tons will be coming out, I plan on investing evenly on all the front-runners.

Tron keeps adding big names to their team. Ever since the price fell below 10c they've added 3 new people all from bigass companies like Alibaba plus they've announced a partnership, plus their partner has announced expanding to larger markets.

What Tron did wrong was they opened up with the marketing so FUDs basically destroyed them. I would definitely not put any money in them right now, however I don't see a reason to sell at 7c when I've invested at 20 ( it's quite a small sum of money so doesn't matter much). I could easily see them growing huge as the year progresses though. The potential utility of Tron is quite, quite insane, they executed marketing right, let's see if they actually manage to deliver. That will take months(if not years?) and it will need a lot of solid partnerships. The good thing is, partnerships aren't going to be formed on the price of the token itself, but the functionality and utility of the TRON platform, which is quite fucking good for the long haul. Furthermore the more partnerships - the more utility for the end user - so you could see how this could easily turn into a snowballing effect.

On a side note, there is no risk of China going against it now, which is a huge relief (look at what happened to Ripple, South Korea is where it was most utilized - there were rumors around cryptomarket bans and etc there - price instantly plummeted with around 50ish% in a week.

Also if there are any adequate cryptomarket groups that are willing to accept a newbie who's really willing to learn pm me please.


P.S. wasn't genjix the one pushing for BTC based poker? Too bad 99% of us didn't quite give a fuck what he was talking about, but then again we could only learn from that.

he was pushing NAJ coin which didnt grow

Any thoughts on ICON/ICX? Just seeing a lot of interest in this from people all over, suddenly.

I'm like the last person to get into crypto in the poker world... :D Finally feel like I have enough mental space to learn about it though.

Man it feels bad to watch the absolute values of your portfolio lose 20% while compared to BTC its between 1-3%. I get it that its actually good for me and I will basically come out unhurt of the whole situation with more btc to invest into the coming pump, however it begs the question of what happens if BTC plummets under the 2-3M support levels - since thats the new low considering the 1M support level has been breached

Was gonna buy some ETH with Coinbase today, totally new to this. Turns out my bank won't allow it. I read somewhere online that the site is in the "Fraud" category. Made a Quadriga account instead but apparently this will take a long time to verify and there's a thread today on the subreddit saying that some banks have begun blocking Interact online transfers. :/

Yeah, I am in the same boat. I have been trying to get money on for weeks now. At least I have my Trezor set up but who knows how long the validation will take and I still don't know if my bank will allow me to wire money on. Just checking coincap and seeing I could have bought up a bunch of BTC at under $10k is frustrating.

I get why poker players now say that poker prepares you for the trading game, I just saw BTC go from 11k to 9k in 30mins and then back to 11k in literally 5mins.

On January 16 2018 22:51 Spitfiree wrote: I get why poker players now say that poker prepares you for the trading game, I just saw BTC go from 11k to 9k in 30mins and then back to 11k in literally 5mins.

A quarter of your bankroll in a few days is still really bad, but admittedly I’m somehow less phased by this than I am after a 14 hour tilt session.