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Speculating in cryptocurrencies: A rough approach

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obiero		#101 Posted : Friday, May 11, 2018 6:53:12 PM
Rank: Elder Joined: 6/23/2009 Posts: 14,248 Location: nairobi		Angelica _ann wrote: Ryko wrote: Dispenses Bitcons Lol. Niokotwe Lamu
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Swenani		#102 Posted : Friday, May 11, 2018 7:32:24 PM
Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum		Angelica _ann wrote: Ryko wrote: Dispenses Bitcons wewe cheka tu, a Bitcouin PDQ is coming to a supermarket near you soon as well as a bitcoin credit card-you spend bitcoins and pay them later If Obiero did it, Who Am I?
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mnandii		#103 Posted : Tuesday, May 15, 2018 11:29:15 AM
Rank: Elder Joined: 10/11/2006 Posts: 2,304		murchr wrote: Mukiri wrote: Ericsson wrote: Warren Buffet:Bit coin is "Rat poisoned squared" “Widespread fear is your friend.” - Warren Buffet Be greedy when? Warren is just being realistic, what does bitcoin produce? As long as everyone buying a coin expects to sell it higher to the next person then its rat poison. Isn't this what you also do when dealing in shares @murchr? People don't buy financial instruments to consume but to sell at a higher profit(which is a noble goal). The shares you have you don't consume unlike economic goods which people consume and thus they try to maximize the utility they derive therein. Also bitcoin is quite useful apart from being just a speculative venture. People buy bitcoin s a store of value, for example. And also for money tranfer across borders Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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mnandii		#104 Posted : Tuesday, May 15, 2018 11:31:02 AM
Rank: Elder Joined: 10/11/2006 Posts: 2,304		murchr wrote: Mukiri wrote: True. Rat poison for the banks and maybe conventional stock brokers like you Whoever is loosing money is pertaking the poison HEHEHE Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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mnandii		#105 Posted : Tuesday, May 15, 2018 11:41:48 AM
Rank: Elder Joined: 10/11/2006 Posts: 2,304		Mukiri wrote: Use Tradingview to chart Crypto. Much clearer, more tools and you can compare your analysis with other respected long-term traders who share their analysis freely Was doing so until they put a limit on the number of charts you can save. With Elliott you require charts of differing time lengths eg Weekly, Daily, 4-Hourly etc. Also the crowd at Trading View can really put you off. Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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Mukiri		#106 Posted : Tuesday, May 15, 2018 6:07:08 PM
Rank: Elder Joined: 7/11/2012 Posts: 5,222		mnandii wrote: murchr wrote: Mukiri wrote: True. Rat poison for the banks and maybe conventional stock brokers like you Whoever is loosing money is pertaking the poison HEHEHE Wachana na huyo Mkamba, sour grapes. I'd really like to meet anyone losing money in Crypto.. Proverbs 19:21
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Mukiri		#107 Posted : Tuesday, May 15, 2018 6:09:15 PM
Rank: Elder Joined: 7/11/2012 Posts: 5,222		mnandii wrote: Mukiri wrote: Use Tradingview to chart Crypto. Much clearer, more tools and you can compare your analysis with other respected long-term traders who share their analysis freely Was doing so until they put a limit on the number of charts you can save. With Elliott you require charts of differing time lengths eg Weekly, Daily, 4-Hourly etc. Also the crowd at Trading View can really put you off. Yes.. Tradingview is more of 'Facebook', but their charts are clearer with more tools. So, your current charts are subject to scrutiny? Proverbs 19:21
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mnandii		#108 Posted : Wednesday, May 16, 2018 11:24:40 AM
Rank: Elder Joined: 10/11/2006 Posts: 2,304		Mukiri wrote: mnandii wrote: Bitcoin has been tracing out an Elliott Wave Triangle (wave (4) since last hitting a high of $19,000s. So far waves ABC of the triangle are complete. We are now in wave D where red wave [ .a. ] is complete . we await the completion of red waves [ .b.] and [ .c. ] . An alternative count is that wave D is complete at $9800 and we should fall in wave E. Either way the market will give direction. In the mean time I expect bitcoin to fall further and target downwards of $8500, $8100 and probably $7700. The high of $9800 should be maintained for some weeks to come. My Elliot tells me we are in wave three, after a wave two 8,800 and one @ 9,700+. ABC was left back at the lows of 6k Could you provide a chart for comparision? Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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mnandii		#109 Posted : Wednesday, May 16, 2018 11:28:41 AM
Rank: Elder Joined: 10/11/2006 Posts: 2,304		mnandii wrote: Bitcoin has been tracing out an Elliott Wave Triangle (wave (4) since last hitting a high of $19,000s. So far waves ABC of the triangle are complete. We are now in wave D where red wave [ .a. ] is complete . we await the completion of red waves [ .b.] and [ .c. ] . An alternative count is that wave D is complete at $9800 and we should fall in wave E. Either way the market will give direction. In the mean time I expect bitcoin to fall further and target downwards of $8500, $8100 and probably $7700. The high of $9800 should be maintained for some weeks to come. It appears wave [ b ] to theextreme right of the chart is not yet complete. Once waves (b) and (c) complete expect a move back up above 9800. Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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tandich		#110 Posted : Monday, May 21, 2018 4:23:47 PM
Rank: Member Joined: 5/6/2008 Posts: 199
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