Quote from: MatTheCat on May 13, 2014, 12:05:11 AM

Quote from: RyanMilligan1 on May 12, 2014, 11:57:16 PM

This is a touchy area - the analysis could be done perfectly and then something like 'CHINA' could come along and fuck everything up in the space of an hour.

Go and check out the works of DanV: https://www.youtube.com/channel/UChJVIJir7nymD9J3ZWoal-w

He is a self-professed ignorer of fundamentals yet has played a blinder during these last few months laden with fundamentals minefields.

and also, good TA is not so much about 'predicting' the future price but choosing an opportune point to enter the market.

Had I discovered and more importantly, paid attention to DanV's analysis sooner, I would be considerably richer today and wouldn't have burned the thousands that I have burned with absolutely stupid impulse driven trading decisions.....yet I s'pose I had to make all those mistakes to learn to strongly identify what constitutes a sh1te trading decision, and what doesn't.

Don't listen to other people. Bitcoin is run a lot through human psychology, how can we decide when to sell when 20 people say different things.

I got in at about $20, then again at $50, then again big after the Silk Road one seizure. I have never sold more than 20% of my Bitcoins, I keep 80% in cold storage and I only plan on selling 50% at 3300 the other 50% I'll take 10% to use, sell, buy things, trade and that last 40% will either see the bottom and death of bitcoin or I'll sell most of them at 8000, leaving me enough that if it ever hits 20K a coin I will be able to use BTC to buy anything I want, as in my opinion for a 20K coin we would need semi-mass adoption, meaning most first world retailers would have to accept bitcoin as a form of payment.

With the way china, Russia and the U.S are going it wouldn't surprised if Russia do something stupid and bitcoin has a significant rise in a short period of time. That and if the winkle twins do get that ETF Bitcoin is going to see some strange movements. I think if we still have BTC in 2017, then Bitcoin will be a currency officially.