Quote from: rpietila on December 06, 2013, 10:08:26 AM

Quote from: seleme on December 06, 2013, 10:01:39 AM

Quote from: rpietila on December 06, 2013, 09:53:38 AM

Quote from: TERA on December 06, 2013, 09:08:47 AM

The daily charts look horrible - EMA violated, MACD down, parabolic sar flipped, RSI below 70. But it looks like perhaps we're still being supported by "choo choo mofo" trendline we've had since day 1 of ATH break. I wonder if this trendline could slowly drive us to ATH? This would probably be the last breakout since that trend would be moving too slow to keep up with any significant higher levels.

Technical people have done absolutely horribly in the past in this forum. I don't know of anyone who has made more bitcoins compared to buy&hold over any extended period of time (even 12 months, which does not prove anything really).

Yes - I mean it: I don't know any technical trader who has not lost money, meaning that all his effort has been in vain and harmful, compared to one who just holds.

If I did buy and hold I'd still have 7 BTC. I didn't, I traded like there's no tomorrow (alts vs btc mainly) and if everything goes as planned I'd probably own 300-400 BTC some time Q1 2014. 200 almost guaranteed if I'd be live at that time.

It had nothing with TA though. Making money on alt pumps and dumps has heck all with TA, it's much easier than that.

Calculating future returns based on past successes of pump and dump schemes... Never seen such delusion in my life!

Throw this to my face when you make your BTC300-400.

I know why I am calculating it and don't really care what you would think if I'd gain that at that point or not so no, I won't necessarily throw that to your face then.

But let's forget that part for the moment - if I'd buy and hold I'd still have 7 BTC, I didn't, I traded as there's no tomorrow and currently have some 150 BTC.

You see, the point is exactly the same.

Buy and hold bullshit could be said only by deluded idiots who bought at single digits or around and assume those that buy at 1200$ are at same position as them. If I bought at 5$ I'd probably not trade or would at least do some long term investments in some alts or securities. Since I'm not, the only option for me to gain any significant amount of bitcoins was to not buy and hold but to trade until I can move my fingers. I don't give a shit about owning 5 or 10 bitcoins. I'll have hundreds of them or none.