(Part 2) Top products from r/BitcoinMarkets

Chin Up /u/Bit_By_Bit

• Your meticulous analysis and smart comments were appreciated by most regular readers of this thread. Please keep them up when you feel ready to come back to it.
  
  
• I am confident your peer group that is now mocking you will recognize your wisdom in a matter of months. You can start mocking them for believing in fiat money when we go through another round of major stock (and possibly bond) market crashes by mid-October (and ultimately a USD$ currency crisis within two years)
  
  
• My condolences to your family. I have found Socrates' philosophical defense of the immortality of the soul to be very comforting reading when I have lost loved ones. Free full text here
  
  
• I went back to your last mining analysis and gave it one more upvote to bring it's score up to 0. I'd encourage others to do the same.
  
  
• "Rule #1: Be Excellent to Each Other"
  

In those silent days I recommend everyone to do some proper reading of trading books. If I had started with those 6 years ago when I bought my first BTC I would have done so much better. It's quite facsinating how the stock market in 1900 or commodities market in the 1970s is basically the same like crypto now. The same "manipulation" or "coin X will do 10X" memes was also then

I can recommend the Market Wizard series by Jack Schwager, Trading in the zone, Turtle Traders (good for crypto trending markets) and of course my favorite about emotions, biology and trading that helped me a lot the last 1 year https://www.amazon.com/Hour-Between-Dog-Wolf-Transforms/dp/0143123408

Then also some books about poker mentality(you need to love to lose :D http://jaredtendlerpoker.com/mentalgameofpoker/ ), some behaviour economics and general risk from like Richard Thaler(when I finally understood loss aversion vs gains, wow!) and Nicholas Naseem Taleb are great openers to a lot of more academic material

Why hello csasker. Hope you're doing well.

I'm enjoying the book you suggested. Happy easter :).

I think the conversation is much bigger than I have time to go into, but I think the CC market is where the beer market was in the beginning of the 20th century. We're about to discover a beer that all of us are satisfied by that is cheap to make at scale. An oligopoly will continue until there are clear and practical advantages to one product over another in the marketplace.

See https://www.amazon.com/U-S-Brewing-Industry-Economic-Analysis/dp/0262201518

Investopedia and Babypips are generally recommended sites if you want to learn more about trading.

There are also several good books, for example The Disciplined Trader.

when the going gets tough...
Don't forget about the satellite txs either- they'll come in handy while you are on the run from .gov ;-)

If you are mainly concerned with technical analysis I can recommend this book - http://www.amazon.com/gp/aw/d/0137059442 just remember most of bitcoin trading is sentiment based!

not someone who replied, and I understand sunk cost. however, I believe the concept of sunk cost glosses over the complexity of trading. a book on a completely different topic (theology) has a pretty good treatment of how intellectual inquiry cannot in practice drift seamlessly from belief to belief as available evidence changes. I think this is even more true in trading, where one's emotions are likely to play havoc with reason.

A description of the book from an amazon reviewer:

> [Mitchell] argues that the model generally associated with W.K. Clifford of being completely noncommittal in one's evaluation of beliefs and exactly proportioning one's belief to the available evidence is misguided for at least two reasons: 1) in our condition as fragile, limited cognitive agents we are often lured by apparent counter-evidence which is not actually cogent to abandon our commitment, and this would be a mistake because 2) it is only through passionate commitment even in the face of strong criticism that the full range, depth and implications of the belief-system can be articulated. It may be that only a partial modification of the system is required rather than abandoning it altogether, or that criticism can help clarify the issues involved without, again, necessitating its complete abandonment. This occurs even in natural science, supposedly the cluster of disciplines where Clifford's model might be most expected to apply; time and time again great scientists have clung passionately to their theories even in the face of the harshest criticism and it was only due to their tenacity that they were finally vindicated when the technical apparatus for settling the issue one way or another became sufficiently advanced (Even Charles Darwin acknowledged in the "Origin of Species" that the difficulties for his theory seemed 'insurmountable', but he insisted that these difficulties were merely apparent, and so they were).

Point and Figure Charting: The Essential Application for Forecasting and Tracking Market Prices

The Definitive Guide to Point and Figure: A Comprehensive Guide to the Theory and Practical Use of the Point and Figure Charting Method

Amazon Search for PnF

While I like the idea of this, I fear you're wrong, corporations aren't 'falling' and failing to see this, they have the money and the influence to continue to control.

Though, if you haven't already, you should read -

http://en.wikipedia.org/wiki/The_Singularity_Is_Near

As well as -

http://www.amazon.com/How-Became-Posthuman-Cybernetics-Informatics/dp/0226321460

The lower your ping rate and less hops to the exchange API's the faster you can trade. Someone quicker may be gaining the upper-hand on order fulfillment.

Check out this book: http://www.amazon.com/Flash-Boys-Michael-Lewis/dp/0393244660

What I Learned Losing a Million Dollars
by Jim Paul

I recently read this book and found out extremely insightful. It makes the case that ego can really be the downfall of most traders. And gives great advice on how to avoid it.

read it bro

if you read this book: https://www.amazon.de/dp/B07BFWC4JG/ref=dp-kindle-redirect?_encoding=UTF8&btkr=1 you know a lot more.

Am I reading correctly that Bakkt is doing only 100 BTC in intraday volume on the second day in business, after a two year hypecycle?

I guess I'm buying this to read tonight: https://www.amazon.com/dp/0064430170

No.

Sure could simulate a bunch of possibilities, but that will just give you a distribution of possibilities. i.e. "Up, down, or sideways".

> Could someone bother to explain the possibilities?

https://www.amazon.com/Chaos-Making-Science-James-Gleick/dp/0143113453