Quote from: mjcmurfy on October 23, 2011, 03:11:19 PM

Quote from: cypherdoc on October 23, 2011, 02:38:18 PM

wrong again. i'm a speculator and i'm not speculating on what i expect other speculators will do. i speculate on Bitcoin b/c of what i believe are the underlying fundamentals.

This is a ridiculous statement for any speculator to come out with, and highlights the level of delusional thinking I have come to expect from these people.

So you have never used a financial chart, or any form of technical analysis then? You don't consider support and resistance levels to be significant in your trading decisions? You don't look at trade volume or any other kind of financial metrics? You don't buy when you see large upward price movement or sell when you see large downward price movement? Did you sell any coin after the CosbyCoin incident or MtGox hack?

You must be a highly unique type of speculator, because all of these things directly reflect what other speculators are doing. Especially when it comes to the exchange rate of bitcoin, which is more directly associated with investor sentiment than any other speculative vehicle currently available. If you don't base your speculative decisions on what other speculators are doing, then why do you even bother visiting the speculation subforum.

What exactly is it you basing your speculative decisions on then?
Lets hear it... this is going to be good.

don't make assumptions about my level of knowledge. if you want an in depth look at what i do or don't know please visit my thread here which has an enormous following:

https://bitcointalk.org/index.php?topic=35956.0

careful, it will take you a week to get through.