07-20 03:53 - 'I guess the problem for me with TA is that adversarial markets are a zero sum game, so there's no such thing as a long term trading strategy. For any successful trading strategy you find, there's a way to counter that tra...' by /u/aidanlister removed from /r/Bitcoin within 121-131min
''' I guess the problem for me with TA is that adversarial markets are a zero sum game, so there's no such thing as a long term trading strategy. For any successful trading strategy you find, there's a way to counter that trading strategy so that they make the money instead. To take an example that someone posted today: If the market usually pops when the 50 day moving average crosses the 3 day moving average, then you'd naturally buy in anticipation of that event and sell afterwards. But when everyone starts doing that, then actually you want to buy before everyone else and sell once they start buying. And so on, and so forth. Worse, because Bitcoin is illiquid, unregulated, and small cap, the actions of a few big players can have a massive impact on the price far outweighing normal market dynamics. All exchanges have been beset by scandals, eg front running, bots, trading on their own order book, etc. So you're not just playing against other players you're playing against the house. If you're a day trader using TA strategies you found on the internet, you may be picking up pennies in front of a steam roller . It works while it works and then you lose your shirt. For most people posting here they are kidding themselves to think they are doing anything more than gambling.  [[link]2 ''' Context Link Go1dfish undelete link unreddit undelete link Author: aidanlister 1: seekingal*ha.*o*/a*ti*le/408*775*pic*in*-n*cke*s-f*o*t-steam*r*l*e* 2: *eek**galpha.com/a*t*cl**40*3*75*pi**ing-nickels-f*ont*s*eam-rol*er]**1 Unknown links are censored to prevent spreading illicit content.
On one hand, it appears that it is not. bitcoin has value, and is creating value. The price seems inflated due to speculators. I think it will continue to become inflated in the near future. Especially if an ETF is created. I'm also a bit confused what actually happens in a deflationary economy. Do we have any proof or history? Are there any arguements that bitcoin is a zero sum game? Maybe of the entire economy. And even then, it is not priced correctly yet? I have so many questions
Is Bitcoin mining a zero sum game right now, or is Bitcoin mining still to reach that point where it becomes a being a zero sum game?
I'm trying to understand the blocksize debate in relation to climbing mining fees and realised that I don't know the answer to this basic question about whether or not mining is a zero-sum game :) Any answers, or references I can look at? Also, if Bitcoin ends up being runs on Lightening rails, does that affect whether or not Bitcoin mining becomes a zero sum game? Or not, or what? PS: Non-tech person questions!
Financial Times Basher video, Bitcoin's relevant number is zero. All this video is telling me, that Bitcoin is undervalued. Thanks for summing it up. Compared to the economy and other currencies it's trading much too low
Bitcoin, the previously mocked and maligned cryptocurrency, has done what is extremely difficult for any alternative financial vehicle to do — change the hearts and minds of public retail investors. While the profits are clearly undeniable, the real motivation for bitcoin and cryptocurrency investments is the paradigm shift. The Zero-sum Game Bitcoin’s zero-sum game. by John Quiggin on January 23, 2018. That’s the title of my latest piece in Inside Story. Nothing that will surprise anyone who’s been paying attention to what I’ve written on this, so I’ll just cite the conclusion . Since bitcoins are not useful as a medium of exchange, or desirable in themselves, their true value is zero. The highest price at which bitcoins ... Bitcoin fans argue that bitcoin is not unique in this respect. As they point out, most of the world’s stock of gold is held by central banks or investors simply as a store of value. That’s true. But the use of gold in this way is not an arbitrary convention. Gold has physical properties (attractive colour, malleability and ductility) that have always made it desirable for use in jewellery ... Will Bitcoin and Ethereum’s relationship thus be zero-sum, i.e. winner take all, or much more mutualistic and complementary in the days to come? Bitcoin Tokens Are Here to Stay Such tough questions don’t have clear answers for now. Clearly, altcoins are sailing thanks to the low volatility of Bitcoin among other reasons but can someone actually predict whether an altcoin will pump? According to Jimmy Song, Regular People Have No Chance. In a recent tweet, Developer and Entrepreneur, Jimmy Song, stated that trying to predict the next big coin is a zero-sum game.
Bitcoin Q&A: The new experimental science of consensus algorithms
#btc #cryptocurrency #buybitcoin Walk through the steps on how to buy Bitcoin on GDAX without having to pay for the high margin trading fees. Buy Bitcoin FOR 0% FEES (Tutorial) GDAX limit order ... Tel Aviv, Israel- Politicians are talking Bitcoin, should we care? HitBTC vs Bprivate is heating up. Litecoin marketing. Altcoin burnings, and much more! CRY... Explains a zero sum game, ... The ELI5 version of why bitcoin is important - Duration: 4:29. N-O-D-E Recommended for you. 4:29. Top 50 YouTube Live Sub Count - PewDiePie VS T-Series & More! Chane ... Bill Gates: Microsoft board, Bitcoin Evolution, Taxes and Strategy Microsoft Promotions 285 watching Live now How To Trade, Invest & Profit in This CRAZY Market! This is not a zero-sum game, there is plenty of room for competition and niche applications. Category Science & Technology; License Creative Commons Attribution license (reuse allowed) Created ...