Take 10% of the total amount I'm owed and keep it for yourself as a tip. It should equate to near ~$500. I appreciate your integrity.
I just realised I'm not 100% sure which account is yours. I mostly don't have any information linking forum IDs to WBX accounts. I picked the account where 10% of the owed amount was closest to $500. Did I get the right one? Other than that, I've paid everyone out, except for a few people who I'm still in email contact with regarding their claims. Please post here or PM me if you don't think you've been paid out in full and I'll look into it. Thanks for your patience in this, and for giving me time to work it all out properly. I think so, its been so long now I'm unsure myself of what was outstanding! I'm very happy with the outcome and have a tremendous amount of respect to you. I've left you a trust rating. I know I won't be the only one to say that I'm happy this is all finally over. Once I get my head around the WebOTC thing I'll leave you a rating on that too. I'd appreciate one too
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I agree that a lot of money can be made trading technical analysis. I made a huge amount by developing bots that traded it... Why share your analysis when it will become less effective the more people know about it though?
Have you applied backtesting? If so what were your results?
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The manipulator is back Lol, the whole "manipulator" propaganda sucks a lot. Yeah i know, I just think its funny how people came up with a whole persona for the market movements.
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That seems to have done it, thanks. Though now the activity level is way down. I was getting at least a couple of trades per 10-15 mins, now I just ran for an hour and only 1. Forgive my ignorance if the lack of trades is just a product of current market prices, but are there other settings that are tweakable to increase activity?
Ideally to make the most trades: (when I was running this my account had at least 100 trades per day) 1. You need a low latency to cloudflare and btc-e (fast connection or tier 1 network, or server in russia?) 2. The script needs to be able to run with no timers firing. 3. The script needs to print no output or only print output if a trade path was analyzed and no profit was found. 4. fastTrade should be enabled! - This again ideally will cause the script to fire all three trades with no error checking and no currency clearing. The best chance to complete three trade legs is to complete them sequentially as soon as they are found. The issue is that this method will leave your funds stuck in whatever the last currency leg that filled was. Since I normally run bots to make the exchange a higher profit (.2%-.6% to exchange vs .1% to me) there can be a loss when converting back to the original currency. In the crypto currency world it is dangerous to sit in anything other than 50%Crypto 50%USD continuously balanced since the prices are extremely volatile. To make the most profit, the script should detect price trends in BTC and trade B to B while the price is rising and U to U while the price is falling. Or swap from B to U to ensure a 50% balance in the portfolio. Even if you are on to better things, we the people, greatly appreciate you sharing your work. I've rekindled an interest in coding due to looking at and tinkering with the bots on here for btc-e. Good times. I've found that latency mostly isn't relevant for bitcoin exchanges. As long as your server is in europe it will make very little difference. What I have found is that establishing the connection for a http trade call (from php) will take anywhere between 0.5 and 1.0 second regardless of where your location is. This in relative terms is massive.
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The manipulator is back
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I admire how you try to find rationality in what many see as very irrational movements. Its a little more difficult to predict than that though as the market is so illiquid in general (compared to typical currencies). A speculator with a large balance can easily move the market at their discretion.
Having said that, one trend I have seen continually repeat itself is the calm before the storm. Every major swing we have had, has been preceded by a long period of relative inactivity. Definitely looks like a hype driven market to me.
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Looking positively at the current market state, looks like the price is trapped and supply-demand law is dictating it more reliably.
When and which wall will be eaten.... no clue.
Looks like liquidity is picking back up. Look out for some healthy swings soon. We've seen a massive increase in trading volume lately. Hang on tight!
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In what way are you finding notifications from blockchain unreliable? The speed of forwarding payments or the notifications each new block?
Hey piuk, Yeah, that was a major issue a few weeks back but even since your fix it still seems to happen sporadically. Two other issues as well. It appears that the callback url isn't called consistently... Also the logs tell me that my site is returning 'Invalid Server Response'. I'm certain that my response is developed corectly (to not echo anything until 6 confs, then return *ok*) I will PM you two callback URL's you can check the logs to see what I'm talking about. Is the server load balanced or traffic throttled in any way? Maybe there are too many outbound/inbound connections? Just thinking out aloud...
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it's in 0.8.2 Command-line options --------------------
* -walletnotify will call a command on receiving transactions that affect the wallet. Thanks, I did a lot of reading up and it looks like its what I'm after. I'm surprised that there are no pre-written classes to handle this as its something that almost every bitcoin retailer would find useful. The closest I've found is: https://github.com/hostvpn/whmcs-coinbase-bitcoin/blob/master/modules/gateways/callbacks/coinbase.phpIf anyone else out there has written a few functions / classes to handle this then I'd love to see it.
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I'm in the process of setting up a receive payment server that can make calls when a payment is received. Essentially I'd like to emulate the behaviour of instant payment notifications as seen on btc-e with live updating confirmations. Blockchain.info provides something similar (which I'm using at the moment) but their service is unreliable: https://blockchain.info/api/api_receive
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"The truth is, we know nothing of what goes on at Bitcoin headquarters." Quick, someone invite Mr. Lewis to tour the Bitcoin headquarters so he can find what goes on! I know exactly what's going on, how much can I get paid for posting that? I know what's going on...Gentlemen BEHOLD! That, next to your boxing lolcat... HAHAHAHAHAHAHA.
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Yeap I am stupid enough to click on the link and wasted 5 minutes of my life . I think the prejudice they have against Bitcoin really runs deepppppp Lol i'm finding it hard to resist the urge... I'm like the kid who goes and does what he's told not to do. Even though I know its for my own good.
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That headline was so last year. I'm not even going to bother wasting my time reading it.
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95% of my savings is in BTC and 5% AUD Respect. I always have respect for those with the guts to put their money where their mouth is. I did the same and rode it all the way to a six figure payout.
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We appreciate all of your hard work. Thanks Dooglus!
+1 Dooglus. Take 10% of the total amount I'm owed and keep it for yourself as a tip. It should equate to near ~$500. I appreciate your integrity. When its all done and dusted, I'd appreciate a trust rating. I will do the same for you mutually. Regards Seal
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Market orders are placed on MtGox, our prices are based on current bid/ask prices and are adjusted for estimated order fill price. For smaller orders, we tend to see our orders execute better then the displayed priced. For larger orders, it is close to display price, sometimes worse. This depends on market liquidity.
Thanks One last question: what is to stop me using maximum leverage and then just buy and hold for 1 year? Daily Funding Cost
Correct. The capital provided for leveraging the trade is subject to a daily funding cost. I need to update the FAQ with details about how this is calculated, its currently between 0.2 - 1% a day.
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Ok here we go: https://www.facebook.com/events/658653077494400/Details: Bitcoin Sydney Our next meetup will be at Martin Place Bar: Date: Wednesday 12th June Time: 6pm onwards
If you are interested in Bitcoins, want to learn more or just want to come for a drink, feel free to join us. If you have ideas for a bitcoin business or want to talk economics, this is the place. We are hoping to reach out to those who currently run successful bitcoin business too.
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I bought a lot of USD when AUD was strong against it.... then I used it to buy BTC too! For anyone in Sydney, check out the bitcoin sydney group, they're organising a meetup soon. Where can I find details on the Sydney bitcoin group? https://www.facebook.com/pages/Bitcoin-Sydney-Australia/457681220943285Post on there to register your interest. The meetup will be in a few weeks time. There has been a lot of interest so spread the word. Thanks Seal, unfortunately I am not on Facebook. Edit: Spelling Post in here: https://bitcointalk.org/index.php?topic=108904.0I'll get something going and update it.
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