IMO parabolic sar has good open-position signals, but not very good close-position signals. The closes are always tremendously late. Its better to use something like the AC to filter. When AC and SAR both agree, then trade. When the AC starts indicating the opposite for at least 2 bars (I usually do it on the first bar just to be safe) close position.
Been working fairly OK (at least, by my standards) on the EUR/USD, no idea how it'd look on BTC/USD.
how do i use this indicator on bitcoin? I really dont know. There should be some way of importing BTC/USD into metatrader, but as far as I know there really isnt. |
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Have a buy order in at 101.01 While I like the 10101ness I think it might be a bit too early to buy, what do you guys think?
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IMO parabolic sar has good open-position signals, but not very good close-position signals. The closes are always tremendously late. Its better to use something like the AC to filter. When AC and SAR both agree, then trade. When the AC starts indicating the opposite for at least 2 bars (I usually do it on the first bar just to be safe) close position.
Been working fairly OK (at least, by my standards) on the EUR/USD, no idea how it'd look on BTC/USD.
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Possible retrace to $100-ish?
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Well if any of you are considerring the mt gox switcheroo
May I suggest cavirtex and mt gox cad
89 vs 105
Goddamn canadians. |
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localbitcoins seems to follow gox for pricing, that's a way to pull off the bitstamp arb.
You'd somehow have to sell via Localbitcoins, which is sorta a huge pain & then wire, the time delay would seriously eat at your profits. |
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Hmm, hoping for that spread between mtgox and bitstamp to go down, then its time to hop in again. Trying to get out of BTC right now, its a bit too big of a spread for my taste.
its been clear for a while now that bitstamps is get more and more volume coming from mt gox the price difference is a result of this shift it could stay that way for a long time... buy now  One problem: I'm stuck. All of my fiat is stuck on Mt. Gox. Fortunately I was smart enough to buy a little on this latest small dip into the high 80s on gox, but now I'm screwed big time. I have to give away like 10% of my fiat just to get it into the legit exchange.  I have yet to use Gox and not regret my decision. lol fiat problems  sorry, I do empathize for you and all the fiat holders stuck on Gox Kazu So I get fiat, and I get screwed over because online all it is is just debt owed to you by the exchange of your choice. So I get Bitcoin, and I get screwed over because the exchange rate derps. I need to find something to do with my time that doesn't result in not sleeping at night. |
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Hmm, hoping for that spread between mtgox and bitstamp to go down, then its time to hop in again. Trying to get out of BTC right now, its a bit too big of a spread for my taste.
its been clear for a while now that bitstamps is get more and more volume coming from mt gox the price difference is a result of this shift it could stay that way for a long time... buy now One problem: I'm stuck. All of my fiat is stuck on Mt. Gox. Fortunately I was smart enough to buy a little on this latest small dip into the high 80s on gox, but now I'm screwed big time. I have to give away like 10% of my fiat just to get it into the legit exchange. I have yet to use Gox and not regret my decision. |
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Crap, I think I'm too lazy at this point to have to program all the JSON & Account Management myself. Maybe if my business is successful and needs the scalability I'll look into it.
If you're successful it probably be too late. Not one bitcoin company uses a stock bitcoind anymore. The software has become too focused on the end user, which is important for bitcoin-qt but not bitcoind. Well, how long did it take you to make the JSON/Account Management features? Maybe I could make some sort of open source project, its truly a pain. Maybe just for me, because I'm bad, but whatever. |
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I think the answer is (2), because 'normal' people won't ever really want to hold something with a moving exchange rate vs. their beloved USD/EUR/whatever. However, like gold, I predict Bitcoin will be something people use as a store of wealth because it has no inflation.
USD and EUR have a moving exchange rate too, and it doesn't stop use. Yup, but EUR doesn't appear to have a fluctuating exchange rate in the EUR zone, and USD doesn't appear to have a fluctuating exchange rate in the USD zone. Is it an illusion? Sorta. Does it affect the perceived usefulness of the currency? Yes. There isn't a "bitcoin zone." Some people are going to say "the internet", but those prices float. Like, float a LOT. The only real scenario I can see 'normal' people getting into Bitcoin is if there is a bubble of never before seen proportions, giving rise to a 'its always gotta go up' mentality, so tons of businesses (like, BIG business) just start accepting Bitcoin as a way of getting hands on this asset that 'always rises'. Then, when it stops rising, there will already be so many businesses accepting it the 'pop' really wont be that big and people actually start using it as money.
I suppose if Bitcoin became so stable that businesses could offer some sort of pseudo-fixed BTC/USD exchange rate for very low fees (like, paying with something that most people know how to use like Credit) so things like Bitpay auto-exchange-out don't need to exist, there could also be a possibility for wider acceptance, but sorry I just dont see it.
You don't see it, because you're seeing BTC as something you have to exchange for. Once the tipping point is reached, employees will be able to choose whether they are paid in BTC or dollar. Since the value of BTC will be increasing during this time (adoption phase), more and more will choose Bitcoin. Who will care about exchange rates when everyone accepts BTC? Notice the wording there ("choose") -- currencies are competing, make no mistake. The best will win. And cryptocurrencies are, for those with internet, better money than fiat in too many ways. Okay, but heres the deal: How do you use Bitcoin without exchange, right now? You can't. What will trigger the use of Bitcoin without an exchange? And whats the advantage of it over something like Liberty Reserve, from a normal person's perspective (most people cant even understand decentralized, I just tell them 'its the difference between Facebook messages and email' and they respond like <.<). |
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Hmm, hoping for that spread between mtgox and bitstamp to go down, then its time to hop in again. Trying to get out of BTC right now, its a bit too big of a spread for my taste.
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Crap, I think I'm too lazy at this point to have to program all the JSON & Account Management myself. Maybe if my business is successful and needs the scalability I'll look into it.
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So when I verified my account, I created a whole new account rather than verifying the original account (I have no idea why). Then I accidentally deposited bitcoin into the original account, rather than the one that was verified. Any idea what I should do now? Mt. Gox says: Q: Why is my account pending review?
Because you have transgressed one or more of the following Mt.Gox rules as follows:
You have signed up for more than one account. Is this really bad? I haven't even used either account until now, its not like I could have been conducting money laundering. |
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Does BitcoinJ also have account management / JSON availability?
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I think the answer is (2), because 'normal' people won't ever really want to hold something with a moving exchange rate vs. their beloved USD/EUR/whatever. However, like gold, I predict Bitcoin will be something people use as a store of wealth because it has no inflation.
The only real scenario I can see 'normal' people getting into Bitcoin is if there is a bubble of never before seen proportions, giving rise to a 'its always gotta go up' mentality, so tons of businesses (like, BIG business) just start accepting Bitcoin as a way of getting hands on this asset that 'always rises'. Then, when it stops rising, there will already be so many businesses accepting it the 'pop' really wont be that big and people actually start using it as money.
I suppose if Bitcoin became so stable that businesses could offer some sort of pseudo-fixed BTC/USD exchange rate for very low fees (like, paying with something that most people know how to use like Credit) so things like Bitpay auto-exchange-out don't need to exist, there could also be a possibility for wider acceptance, but sorry I just dont see it.
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How about we all just recognize this isn't a religious thread and is instead a Bitcoin thread, and thus don't bring up religion? I'm sure there is some place on this forum where you can talk about religion if you want to. I don't particularly care if you are religions or not, but thats completely off-topic, even by this thread's standards.
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How big is your wallet?
getbalance() is O(N) where N is the total number of transactions in the wallet. (actually, it can be even worse than O(N) if you have long chains of unconfirmed transactions in your wallet)
"Patches welcome" to fix that, I expected one of the big bitcoind-using services would submit a performance fix patch long ago.
Oh great, so getbalance basically cant be scaled at all? |
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But exchange fees are 2 x 0.5% and wire transfer fee 2 x 2-3% => no reward
You need to change bank if they charge you 2-3% for wire transfer.. It depends on how much you are wiring. My bank charges $30 for receiving an international bank wire transfer. Gox, by my estimate, is charging about $15-ish. Thats like $45 in fees. If you are 'only' wiring 2250, then this would be a 2% fee. |
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It's not based on order book volume, but actual transactions.
Yes, I understand that you're tracking a form of OBV on equi-distant volume scale as related to price action. However, if we are working under assumption that the fiat order book side is artificially "managed" by Gox, what makes you think that the "actual" transactions volume is any more real? It would be terribly unfortunate for market participants if Gox were gaming the market in addition to extracting fees. I do not think that is what is happening. I really do think that Gox is simply bumping its head on the transaction volume available to it from its banking partners. Too bad for Gox, it really just means that they miss out on market share. I would like to think they are not willingly crippling themselves so. Why would it hurt Mt. Gox's market share to trade on their own market? It just makes it look like its bigger than it really is, it seems like they really couldn't lose from doing it. That's why the entire centralized exchange model is unhealthy. |
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