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  2. Yeah, it was a slow process for me. I obviously placed my Stops at the Obvious places with not enough room to stay out of reach of the Hunters. But In hindsight it was always my problem as we've discussed; Anticipating the Breakout or Reversal, Instead of making sure and placing afterwards. This meant my Stop were always further away than I wanted so the Risk Reward was large. Only £600 down. Lesson learned on that one. Is anyone watching RPS Group? I've only noticed it at 12pm
  3. Today
  4. On another thread which @cryptotraderstarted @wjw22 commented that Bitcoin is not money. Money is something that can be transferred or used in exchange for goods and services. Bitcoin (though not widely accepted - in fact miniscule acceptance at this stage compared to FIAT) can be exchanged for goods and services in certain places across the globe. They then go on to state that Bitcoin is not a store of value. These are just words. Since Bitcoin's inception in 2009 if you invested £1000 of your hard money into both Bitcoin and Gold then Bitcoin would have proved to be the better store of value than Gold. This is even after numerous 70% to 80% corrections! Bitcoin is not only the best performing asset in the whole world in 2019 but it is the better store of value since its inception. If @wjw22 has any evidence to support otherwise then please do provide. They then state Bitcoin is a Ponzi and a pyramid scheme. Again these are just words. The European Commission, UK Government and many large Government and corporations are looking at Cryptocurrencies and how it can be applied in certain jurisdictions across the globe. We are at a very early stage. These things take a lot of time. Evidence from a credible source needs to be provided to support such statements as otherwise they are just words which originate from bias, ego, stubbornness, etc. @cryptotrader, in case why you are wondering why I am not responding to your thread, it is because I want to avoid any aggressive discussions and arguments. We all have different levels of understanding and experience in this area. We all read different literature and research papers on this area. We all have different levels of knowledge in this area. Another reason is because I have done what you have a year or two ago in either this thread or the Blockchain Trilogy thread, cannot remember and it is pointless unless there are balanced arguments presented with credible evidence from credible sources. People first compared Bitcoin to the Tulip Mania. Now that it has blasted through that people are now comparing it to the Internet boom and bust. Why must we compare it to anything? The Bitcoin boom and bust and boom again could be new future being created without any copying of past historical incidents. Future performance does not have to be based on past historical performance. From time to time new history is created that is different from the past. Bitcoin is a new asset and a new revolution which will create a new history and a new future. Now @cryptotrader your thread was about Bitcoin specifically based on your title. Not about Cryptocurrencies in general. Yes a lot of Cryptocurrencies are junk. If Bitcoin's store of value is laughable then its store of value performance in terms of protecting capital and increase the value of the capital is astonishing when compared to Gold in the same period of time since Bitcoin's inception. Someone is buying Bitcoin hence the price is going up. A normal person does not need buy one Bitcoin at $13000. They can buy a fraction of it using FIAT money. That is the beauty. Countries like China and Russia want to end the US Dollar being the Reserve Currency. It is unlikely that the world will go back to the Gold standard. In this coming 'Digital Revolution' Bitcoin is one of the favourite to be groomed as the worlds first digital reserve currency which is not linked to any one specific country like the US. During US-North Korea, Bitcoin went up more than Gold. During US-Iran tensions, Bitcoin went up more than Gold. Therefore times are changing. People and countries do not want to store their money in something which can be manipulated by central governments and priced in US Dollars. Times are changing and power is shifting from the west to the east and countries like Japan have embraced Cryptocurrencies. I respect the views of others but what tends to happen is that if someone is negative towards Bitcoin then they highlight the negative and do not offer a balanced argument. Likewise if someone is positive towards Bitcoin then they do not highlight the negatives. Even I am guilty of that. I accept there are negatives and flaws in Bitcoin and other Crypto's.
  5. Makes sense though doesn't it, you only have to look at a chart to guess where the stops are, if you are big enough and you want those contracts it's just a matter of taking one step backwards before taking 5 steps forwards, you rarely need to go back further than 20 ticks.
  6. Hunting Stops. Yeah, I've witnessed that a few times There's my first -£200 back in march lol.
  7. @cryptotrader wrote (in Silver Bullet thread): "I've always thought that cryptos are completely unrelated to other asset types which is why they're so difficult to price. Everything else has the inter-connectivity between themselves (Fed IR effect USD 'value', which knocks on to USD denominated assets, which leads into equities, re-positioning etc) but always thought crypto is a world unto its own. Linked to cost of production - electricity, CPU costs etc." I think the notion that crypto is something apart from the rest of the financial world is a concept that pervaded the first internet boom; the idea that the internet was going to change the nature of business and society by providing free access to everything and there for traditional business models would fail. Instead the first internet boom failed, well hardly surprising as all those budding entrepreneurs forgot that you have to make money by charging for goods or services to become a millionaire (although a few clearly did purely off the back of selling out early enough - which is a watch out now on crypto for anyone invested for the long term). Out of the ashes rose the second internet (or tech) boom but interestingly the winners were those that effectively adopted traditional business models (i.e. the need to make profits and generate positive cashflows - duh!). The share prices are now massively over inflated of course but that is just financial market forces (the markets can remain irrational longer than we can remain solvent, kind of thing) rather than anything intrinsically wrong with their business models. Now that these businesses are profitable and hold masses of cash (masses!!!) they can withstand a major downturn, perhaps better than some other more traditional sectors, and be positioned well for the eventual recovery. It is this recover where I think we will see the really discontinuous tech disruption, the next leap forward. This is what happened after the first internet bubble burst. It is after the crash and clear out that we will see Crypto, or rather the blockchain type technology, become mainstream in terms of replacing physical cash, this is the end game, not some nirvana of a non FIAT collective new age hippie dippy free of politics currency (or set of currencies) that everyone will use free of government control - you might as well just howl at the moon as think that is ever going to happen. As regards you comment about Crypto being apart, well how do you buy or invest in Crypto? With cash of course. And how it is currently "valued" in the markets? In USD, hmm... The real problems at present for Crypto, and the reasons it will all end in tears until the next iteration are (for me): There are too many Cryptos, until it is mainstream (i.e. the tech backing electronic FIAT currency, which is the root of the concept of currency right back to the earliest days of non precious metal currency (i.e. the right to exchange a paper bill for gold) it is the wild west. Ordinary people are not using Crypto as a currency, it does not have wide adoption It will not get wide adoption until it is better understood and backed by something normal people recognise as sound (i.e. governments) There isn't sufficient liquidity for wide adoption and consequently the price of a bitcoin is too high for a normal person to use it (similar problem with Gold BTW, which is why I prefer Silver for true disaster insurance and consequently hold physical silver coins) The price is too high and too volatile, it is in the hands of speculators - hence it is a mania The idea that Crypto is a store of value is laughable. When the $£!& hits the fan people will buy Gold and Silver and USD and Yen, things they understand and can cling to in an uncertain world. They will not buy bitcoin. Even if they wanted to how can any normal person buy bitcoin at $50,000 per coin? Barking mad the whole thing - but this is what I expect at the end of the cycle so carry..!
  8. Unfortunately i am no longer able to continue giving these updates. Alas our fun journey ends here, my fingernails are intact @Caseynotes, lol I will be here still in the forums. Thanks all for your input. DJ
  9. Yes I saw this this morning and was hoping David would give an update, did he already pull the plug on it only to watch it come back. It was a terrible dilemma and one he was trying to avoid and the whole point of the algo in the first place. The Gold short went $3800 into the red on a 10k account and the algo didn't look like closing out, that's painful and far too much risked, but to close out to prevent further damage and then watch the market turn and come back would be a double blow. He said he was going to wait and let the algo do it's thing, no matter what he can't have any finger nails left.
  10. Mercury

    Silver Bullet

    @cryptotrader, comments are always contextual, in this case I was not commenting on Bitcoin pricing merely my view that it is being driven by speculation the likes of which occurs at the end of a boom cycle. The context is how this related to Silver, not Bitcoin per se. What I am suggesting is that Silver (and Gold) will go into a long term rally off the back of a collapse in that over exuberant speculation driven by greed, FOMO whatever (maybe Gold has already started, maybe not quite yet?). The back drop to this is central bank policy, which was originally put in place to kick start a failing economy but is now the drug that underpins the market. And people can't have it both ways on this. Either the economy is fine and so onwards and upwards or we need CB stimulus because it is not fine. The latter is the case in my assessment and at some point the market will realise all the stimulus in the world is not going to change the facts in the real economy and when that happens Silver will take off like a bullet as the spec boom/bubble/mania (delete as appropriate to each market) collapses. As regards you comments on Bitcoin, well I see you have opened another bitcoin thread so maybe I will answer (FWIW) there and keep this as a Silver discussion thread.
  11. I think if you collapse the quick user interface it also takes away the trade info, see below;
  12. dmedin

    JD Sports

    Yeah even when I use the 'Save' option it doesn't remove my order stops/limits and running profit total on the left-hand side. Can't seem to find a way to turn it off!
  13. Bloomberg: Ballyhooed Bitcoin Futures Contract Bows Out With a Whimper Bitcoin isn't money. The quantity of Bitcoin is not and cannot be linked to the amount of economic product. Bitcoin isn't a store of value. Some call it 'digital gold' but it is far too volatile for that. Bitcoin is both a Ponzi and a pyramid scheme. It has persisted as long as it has because of negative real interest rates.
  14. If you are putting in an order you need to add a trailing stop from the positions tab after the order has been triggered.
  15. hi there, i'm new to the platform...i'm trying to put in a trailing stop on a usdzar position but it only shows "guaranteed" in the dropdown menu under stops...any reasons why a trailing stop is not available on usdzar?
  16. I thought it was funny but can't help thinking 'Millennials'.
  17. you're right - correlation of two unrelated things is entirely accurate way to judge value.
  18. Thought I'd do a little copy past from one of my earlier posts given we're hitting some recent highs and seeing a significant rally in 2019. As I said this draws on a previous post I made on the bitcoin 500MA post here. What moves the price of Bitcoin? It is a truly truly truly inelastic asset. When gold goes up, people start producing more. When oil tanks, people don't pump as much. Even housing and infrastructure will be able to scale up or down depending on demand. Crypto however has a fixed amount being created which is mathematically restrained and can't be altered. When demand shifts people will gobble up the inelastic asset and supply demand curves will react accordingly. UPDATE: still think this is very relevant. Liquidity is thin. Honestly - don't just take my word for it - have a look at the global volumes. All it takes is a $100,000 dollars odd and you can move the price of some of these assets a hundred dollars or so. Thin liquidity means that prices can move very quickly either way. At the moment we are in a downward trend, but as soon as that turns and people jump on the bandwagon again ... well, we've seen it happen before. UPDATE: Not as much as prices are higher so the same amount of USD value won't hit the exchanges in the same way, liquidity is better in OTC venues which is where the majority of Crypto switches hands, exchanges have better order types and order routing these days as well. Lots of 'risk off' groups as well - algo V algo buying and selling giving false liquidity. Still, look at the book. Thin-o-saurus-rex. Hold. Become rich. Simple. EVERYONE knows about a mate, or a mate of a mate, or at the very least an article somewhere talking about buying crypto, holding onto it, and becoming rich. That's the way things are. It's happened over the last ten years and now the world has it in it's psyche that it's fact. Those who hold wont sell, whilst those on the sidelines are just waiting to get in. UPDATE: still the case, if not even more so. Bitcoin halving event in 2020. Over the last two halving events BTC prices have doubled. Again, this is all we have to go on, but people think that it's happened in the past so it's sure to happen in the future. Wait for it ... we'll see parabolic once more. UPDATE: was early on this one - but it'll come and i think we're heading for 50k BTC. ETF city. People want it. It's coming. It's just a matter of time. UPDATE: this has happened to some extent in certain markets. BTC values soared. ETH is looking for the same - futures and ETFs are argubly still on the cards because exchanges and ETF providers are all private or listed these days and need to either keep an eye on share holder value and capital growth. They can either - a) increase prices (tough), b) increase flow (tough), c) add new asset types to create new revenue streams (easiest of the three). What are your thoughts? Lets get a thread going...
  19. BTC at 'fair value' according to this pricing model;
  20. The next correction is going to be catastrophic - and based entirely on what these central bankers have already done to our market. Quick wins pushed by politicians from the '07/8 crash which have resulted in a **** ton of illiquid sovereign bonds (think Woodford on a global scale) and all the monetary policies being used to prop up an economy. we gonna get **** up
  21. interesting view on this. I've always thought that cryptos are completely unrelated to other asset types which is why they're so difficult to price. Everything else has the inter-connectivity between themselves (Fed IR effect USD 'value', which knocks on to USD denominated assets, which leads into equities, re-positioning etc) but always thought crypto is a world unto its own. Linked to cost of production - electricity, CPU costs etc.
  22. Looking at the ratio things need to change for the ETHBTC ratio to hold at 260 SATs. ETH is currently well under performing. At the 400 level you see at the peak, assuming BTC current price, ETH would be looking at 500.
  23. Can't remember but does it not automatically cut out the personal data stuff on chart Save? see below;
  24. Copied from another thread, useful advice for this one too.
  25. dmedin

    JD Sports

    It's looking okay today for JD Sports short. Got a ways to go but on the right path! Would like to find a way to remove the open order overlay when taking pics of my chart. Just for modesty's sake.
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