Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

it just means you have a gambling problem.

Would you mind telling us how many times you have been short(long) squeezed in the last months? I remember at least 6-7 times Cheesy

. Haven´t you gone full short yesterday @~37x$ before we went upt to 390$ on Finex. And haven´t you said BTC is done(fucking dead, dead as a doornail..) for the 50th time this year but changed your mind today(again) before we broke down through 380$ that BTC might reach new highs in the next months? I remember when you also went full short when LTC hit it´s lowest point this year just before it almost doubled up to 5-6$. I don´t know anyone in here who has been deadly wrong so many times like you did. You should probably think twice before you accuse an "average down + holder"(even if it´s JayJuanGee Wink

) of gambling. Cheesy

No personal offense, but to hear this from your mouth is beyond ridiculous.

PS: Don´t forget to go full short again if we should go near 365-370$ .
You should use OKcoin.com, they offer 20x leverage ! Cheesy

How do you define a squeeze? Margin called? Never. Lost a bit... small amounts here and there, one play that actually did cost me a fair amount, but I'm overall up on the past few months by about 10%. Yes, I am a gambler! At least I don't try to call it an "investment strategy." It's f---ing gambling.

I don' t consider my strategy to be gambling, but surely some people may define it as such. Yet, we need NOT get into semantics to realize that attempted traders (such as you Newbie) are engaging a much more closer proximation of gambling than buyers and holders and dollar cost averagers, such as myself.

Sure there is a gambling component to long term investing, but it would be a bit further of a distraction if we attempt to argue further down those lines of thinking.

What you are doing is referred to as the Martingale betting system/gambling system. Wikipedia even calls what you are doing gambling. Further, your gambling is riskier than my gambling. If I lose, I walk away and smack myself in the back of the head for being a goof. You... you lose big (doubling down on doubling down on doubling down... etc.).

However, I agree perfectly that what I am doing is gambling. I do not try to dress that up. You, on the other hand, are in denial. You call it an "investment strategy."

http://en.wikipedia.org/wiki/Martingale_(betting_system)

P.S. -- Please tell me when you make your next big investment so that I'll know the market has reached a proximate top and I can enter a short.

Again,you seem to be oversimplifying and diverting. I know about Martingale, and I am NOT engaged in such tactics. sorry to burst your stupid ass theory.. but clearly, you do NOT know what the fuck you are talking about half the time.. and you already admitted several times that your recent goal in this thread is to troll.. so fuck off. .

You stated that you have repeatedly doubled down from $1200 and then, starting again, in late May-early July when you had a cash influx (right at the proximate high). So, not only are you engaged in the Martingale... you're doing it really badly.

I said that I invested from November to May, and then in May and June I doubled down what I had invested up to that point. I did NOT say that I repeatedly doubled down, but I did double down during that May to June 2014 period. I know you do NOT really want to read what I wrote, b/c then you would have to think and maybe even the facts may interfere with your theories (if you can call them that). Roll Eyes

In other words, I am NOT following Martingale, even though some things that I did may appear to you gambler diluted mind as if it were Martingale.

(1) If that was truly the case then your number would be different;
(2) We read your posts months ago when you were harassing and mocking people for not buying on the dip to $600, $500, $400... and you said that you were doubling up in a few of those conversations, too.

I guess!!!

At least it sounds like I am consistent...

I may have mocked a few, but probably mostly mmitech. And, I mostly mocked him for his inadequate expression of what he was doing rather than what he did.

Everyone makes their own conclusions about how to invest, and you have been easy to mock as well newbie, because you tend to post very stupid shit and to come up with very inadequate and insubstantial theories based on pie in the sky views of reality.

You get carried away (coming from a guy who, himself, gets carried away... obviously). You're pushy, rude, and you stifle actual legitimate queries fairly often through accusations. Obviously, there are a lot of trolls. But, even when somebody isn't a troll and they have a counter position, you mock them and/or bully them. Just figured I'd serve it back for a change.

Does it mean that we are making up and calling a truce for now, or you wanna continue with this crazy back and forth illogic?

Sure. Of course.