adamstgBit
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August 30, 2014, 09:08:32 PM

Once per week, the market just makes no sense to me.
The price edges slowly up on small buys to 515.  Walls appear, price drops, walls drop, price drops. Predictable.
Walls get eaten, price jumps most of the way back to 515 in minutes.  Predictable.
Instead of eating the minor remaining resistance to 525 or 530, the market drops back to/below the price with walls.  Weird.

BTC markets are tough to figure out.



its a very complex system. a "new asset class", nothing moves like bitcoin, because nothing compares to bitcoin.

poeple say bitcoin is traded heavily on technicals, which is definitely true. but there is always these elements of surprise, and its easy to get trapped, feels like its compound nested loop of traps out there...

i like to keep it simple.

while(value > 0) { buy buy buy!!! }

because its really happening, 13 years from now it wont make any difference if you bought at 500 or 1000, you'll either see a huge return or nothing.

trading this market is one wild ride, so by all mean have some fun with it. speculate!