Unless you're programming for HFT, technical is irrelevant. "Technicals" are relevant for HFT because everyone else is doing it, not because it makes any fundamental (har har) sense.
Sure they do. Technical shows which part of the trend you're in.
Unless you're programming for HFT, technical is irrelevant. "Technicals" are relevant for HFT because everyone else is doing it, not because it makes any fundamental (har har) sense.
Yea, that's what pushed me out of finance. I can't imagine people who use money as a scoreboard and a way to judge self worth. Operations/Strategy is a waaay better fit for me.
Don't you ever run into moral hazard issues in your job? The money has to come from someone somewhere in a zero sum game. In essence the better you are at your job the more poor you make another. You can see this in how Wall Street salaries and bonuses have exploded at the cost of taking wage increases from other sectors. Is society really benefiting by having a 25 year old Investment Banker making $300k? One of my good friends lost his job at Citadel(when he was 20) because of moral issues and someone stabbing him in the back.
BTC and LTC could make another quick run back to ~$1000 and ~$32 before they sell off again. Do not expect higher prices in the short term. The proper buy points would be $795.01 (gox) and $27.13 (btc-e).
I've yet to hear of anyone in the industry making money off any sort of technical analysis stuff; even ANN/machine leaning/GP is hit or miss at best and certainly the implementations aren't looking for heads/shoulder/cups/waves or any other such 70s nonsense.
"We're three to six months away from Wall Street dollars moving into Bitcoin in a big way," he says.
They are waiting for sub-$500 before loading up.
"The cash value of the car was $103,000, meaning that the equivalent value of the Bitcoins was $1,127 each."
I'm starting to think you're trolling all of us...
Rule of thumb: people say the exact opposite of what they mean. Saying "I will buy bitcoins in the future" means "I already own bitcoins and I want to pump and dump"
I'm still trying to get my head around how bitcoin has any credibility as a currency.
Last week, a man bought a tesla for 91.4 bitcoins.
Now the dealer has these 91.4 bitcoins that are today worth $81,346. He just took a bath, or if he was lucky enough to sell them at $1,127 then the next person took the loss.
I see the speculative value as a pure investment, but I simply don't see how business can adopt them as currency.
BTC and LTC could make another quick run back to ~$1000 and ~$32 before they sell off again. Do not expect higher prices in the short term. The proper buy points would be $795.01 (gox) and $27.13 (btc-e).
Well, for those who bought at $795.01, they have only lost 30% of their money in a couple weeks.
Wonder if that Tesla dealer is still accepting bitcoins.
I thought you said to buy at $795.01.
BTC and LTC could make another quick run back to ~$1000 and ~$32 before they sell off again.