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Merged Bitcoin - Part 3

Orphia Nay said:
It seems a bit odd that the skeptics' criticisms in here are not about any qualities about bitcoin per se, but about Sampson not being psychic enough for their liking.

(I do not own any bitcoin. I thought I'd check out this thread for knowledge. I'll look elsewhere.)
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I think you’ve missed the point of the criticisms. Samson says he has an algorithm, based on Technical Analysis (something that seems akin to tea leaf reading or biorhythm analysis) that can predict the price/movement of Bitcoin. What we are pointing out is that his “algorithm” is no better than guessing what’s going to happen; he may as well claim to be psychic.
 
I just wanted to say that I've been trying to login to coinbase for the last about 10 days now. The code they send me is invalid, according to their website, and I can't get in without both the password and code.

On top of that, easily the worst customer service I've received in the last 2-3 years. Non-responsive by phone, as in a human doesn't even pick up. I select 'login issues' from the phone tree and get an automated message that basically says, "We're busy, go to the website", then it hangs up. I've submitted my 3rd request for help now through their site and have yet to hear a reply. As in, not even an automated "thank you for your email support request" type of reply. Just nothing.
 
xjx388 said:
I think you’ve missed the point of the criticisms. Samson says he has an algorithm, based on Technical Analysis (something that seems akin to tea leaf reading or biorhythm analysis) that can predict the price/movement of Bitcoin. What we are pointing out is that his “algorithm” is no better than guessing what’s going to happen; he may as well claim to be psychic.
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Can you post the evidence underlying this assertion hilited?
Thank you.
 
Samson said:
Can you post the evidence underlying this assertion hilited?
Thank you.
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Actually he doesn't need evidence just like someone doesn't need evidence that a psychic's claims are no better than guessing.

It's up to you to prove otherwise and your "evidence" has never been convincing to anyone here other than yourself.
 
The_Animus said:
Actually he doesn't need evidence just like someone doesn't need evidence that a psychic's claims are no better than guessing.

It's up to you to prove otherwise and your "evidence" has never been convincing to anyone here other than yourself.
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I am entertained by the idea
"who needs evidence?"
Witches sink apparently.
 
Meanwhile at 7130 this algorithm of disputed predictive power says sell bitcoin with a stop at 7530, target 6730 at least.
Easy money.
 
Samson said:
Meanwhile at 7130 this algorithm of disputed predictive power says sell bitcoin with a stop at 7530, target 6730 at least.
Easy money.
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OK, but just a week ago the target was 6860. Which was never reached. So was it wrong or is this one right?

Should I keep my 12/24 transaction at the 7280 and buy back at target 6860 or 6730?

And do I move my stop loss from 7700 to 7530?
 
Leftus said:
OK, but just a week ago the target was 6860. Which was never reached. So was it wrong or is this one right?

Should I keep my 12/24 transaction at the 7280 and buy back at target 6860 or 6730?

And do I move my stop loss from 7700 to 7530?
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Note the trades are completely independent.
The short at 7280 is still live.
 
Samson said:
Note the trades are completely independent.
The short at 7280 is still live.
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But if it's going down to 6730, why am I covering my short at 6860?
and if it might bite me in the ass, why shouldn't I update my stop loss to 7530 from 7700?
 
Leftus said:
But if it's going down to 6730, why am I covering my short at 6860?
and if it might bite me in the ass, why shouldn't I update my stop loss to 7530 from 7700?
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The trades are not linked
Think of them as 2 different stocks or currencies.
There are 4 possibilities

win win
win loss
loss win
loss loss.

Let nature take its course, I am supposed to be beating a coin toss remember.

Disclosure: I don't trade it myself.
 
Dr.Sid said:
Yes .. it's basically 50/50 .. you win, or you loose.
Btw. I'm not a rapper.
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Yes. It is 50 50 if you toss a coin to buy or sell at market with equidistant stop and loss and no spread.
With a spread 50 50 is impossible. It will resemble loss loss win loss loss win......................
 
Dr.Sid said:
Yes .. it's basically 50/50 .. you win, or you loose.
Btw. I'm not a rapper.
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No, its far better odds than 50/50 because Samson doesn't consider time restrictions in his "predictions" and can retrospectively choose when to "close his position".

50/50 would be right if we were just looking at the next move in price up or down but in effect Samson is saying that "at some point in the future the price of Bitcoin will be higher/lower than its current value".

For some something as volatile as Bitcoin, the chances of that happening are far greater than 50% and any "wrong" predictions just aren't "right" yet ;)
 
The Don said:
No, its far better odds than 50/50 because Samson doesn't consider time restrictions in his "predictions" and can retrospectively choose when to "close his position".

50/50 would be right if we were just looking at the next move in price up or down but in effect Samson is saying that "at some point in the future the price of Bitcoin will be higher/lower than its current value".

For some something as volatile as Bitcoin, the chances of that happening are far greater than 50% and any "wrong" predictions just aren't "right" yet ;)
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You nonchalantly assert falsehoods when you know far better.
A price constrained trade pays no heed to time. If bitcoin stabilised at this level it would be like viewing an object entering a black hole, permanently proving something useful.
 
Samson said:
You nonchalantly assert falsehoods when you know far better.
A price constrained trade pays no heed to time. If bitcoin stabilised at this level it would be like viewing an object entering a black hole, permanently proving something useful.
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I was just pointing out to the uninitiated that your "predictions" aren't just 50/50 calls. For something which has a volatile price, saying that it will be higher/lower than its current price at some unspecified point in the future is both highly likely to be correct, but also functionally useless.
 
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