Good grief. My question is if bitcoin doesn't go down today then will it go down at all short term? I mean, these are ridicously bearish conditions, holidays, weekend, huge price run up, bearish triangles, mounting asks. What's it going to take to tame this beast? All of us are bearish right now very short term but the down trend is a trickle. What is going on bears?  You're letting us down!!! Nobody's selling; that's why! Besides with the new API install arbitrage went to minimum. So; no big moves there yet. I find it extremely useful fact though that this must be one of the (rare) weekends with no dip... An interesting week might follow...  It ain't over yet, these flat periods have sometimes presaged a little action late on in the small hours, once we've got bored and volume has reduced to a minimal amount. It's probably fair to say the only predictable thing about Bitcoin is that it will behave unpredictably... |
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Just went to buy some MEC with LTC - I domn't keep BTC on Cryptsy.
Trade didn't seem to process and wasn't in 'open orders' so I looked and I had no MEC Balance.
I tried again (assuming I must have accidentally cancelled) and tried to buy another 100 MEC with around 3LTC and once again nothing happened, no trade history record for either trade, no MEC.
But my LTC Balance shows SIX gone - so my LTC have disappeared....
Anyone have this happen - and since support there is woeful - any idea how I get in touch with Mullick or anyone on a chat board or something?
It ain't the end of the world - but it's the best part of a couple of hundred bucks gone in a few seconds and now I am of course not considering any more trades.... however, I would like my coins back and of course no record shows of this anywhere.
Ideas anyone?
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Cheers, you're welcome... keep an eye though, it went up fast but >I guess it won't go down much than where it is now. 0006-0007 should be good.
A few hundred coin won't make me weep, and if BTC goes up the rising tide seems to help. It seems to have weathered the dips ok, and I am in profit anything over 0005. My only other 'guilty pleasure' (aside from LTC) is QRK - hilarious increase, bought a load under .0001 and it's up way more than twice, but the little alts do soon fade. Gonna dump some to get my stake out and leave the rest to see whether they fade or surprise me - you never know, eh? |
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Dogecoin is teh best scamcoin for sure. I'm so happy someone made it.
Nxt we ned spoodercoin. Tehn we maek all teh munny adn get moss adpotino.
DGC is DigitalCoin, not DogeCoin. Dogecoin is shit, but lulz  And yeah, I fucking made it today. Best day in crypto ever sold alot of scam digital coins? Still butthurt DGC is way over FTC? Sold 30%, it's still too cheap  FTC is a long term play. DGC will lose 90% of its "value" next week. and yes i am butthurt. DGC was, is and will always be better coin than FTC. But each on his own  I have some DGC - wish I had more.... You mentioned them before and I bought a few hundred, er.. thanks! |
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Oh wow, 930 before i went to bed, and 930 after. The last thing i expected in the morning.
That's because I went 50/50 overnight - see? Good morning from Europe. I noticed Loaded was here... I now consider abandoning more of my fiat position in favour of BTC. This probably means that the rest should do the opposite... You are at risk of being a bang-on contra-indicator! Well, you know the worst part? I can't be my own indicator! Whenever I decide for something and then change my mind in the last second, then what I expected initially happens. That's ok - just keep posting your intentions, please, mate? |
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Oh wow, 930 before i went to bed, and 930 after. The last thing i expected in the morning.
That's because I went 50/50 overnight - see? Good morning from Europe. I noticed Loaded was here... I now consider abandoning more of my fiat position in favour of BTC. This probably means that the rest should do the opposite... You are at risk of being a bang-on contra-indicator! |
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china will go thru 5500 soon, they already punctured it and now they are oversold
Having seen my magic, perhaps you can now publicly acknowledge that I have 10,000 bitcoins, apologize, stfu and gtfo. OK?  Oh dear - arrogance is never appealing - steady, eh? Gandibit is Ok - I know you will say don't care if you make friends here, but if you don't care, why bother posting here - ego? |
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I will tell you ultimate truth: anything can happen I have a feeling staying over 900 all weekend is highly unlikely - am in more fiat than usual, I think we might see some cheap coins this weekend. |
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It may well be 2 minutes tops and trashy - ITV is not the BBC... |
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Does anybody have a analysis of price movement during weekends?
Yes I I I \__/ \/ +1 Or should that be... -1 |
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...
My advice for what it is worth:
...
You're falling into a trap of thinking of value as single sided, its surprisingly hard to find a reference for where the current value stands between the 2 sides and any movement effects that middle value. Whatever works, personally I only consider the amount in btc but its the same kind of blindness Maybe there's some name for that value and a simple way to work it out but I never found a good way to do it, it can form a kind of gravity point for a bot though. I stay fluctuating at 80% fiat - and everyone has a different strategy. Mine has worked for me, but I am not prepared to liquidate other investments (mainly art) which are more reliable (if not quite as obsessively exciting as this!). Good luck to all, I guess - we all want to be right, and we would not be here if we didn't think we had a chance of just that. I think 30,000 USD soon is unrealistic, but I do think I might just pay off my mortgage in a year or so, and that will be fine by me. It is the last debt I have - and as I live in the UK, it is substantial enough to be something I would be very happy to have done, and so far - looking realistic. I will settle for that and if the price allows, I will cash out - I don't want to be a multi-millionaire - really, I never met one I envied when I got to know them. |
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And if a trade looks bad, hang on either way, don’t panic, just wait – if it’s gone totally bad, just take the fiat out and hold what you’re left with?
Or just accept the loss and buy back in. By the way, I've already done what you describe, and can confirm that it really helps: to wit, I have cashed out everything that I initially invested in BTC, plus some more. It has an incredible positive effect on letting you stay calm through rough stretches and experiment with different strategies. Good for you - I haven't yet, I have made steady buys in dips to carefully increase my exposure. I just won't bet the house on it, or get over a risk of an average price that rpietila is prepared to bet on Play safe and minimise risk, why stress? You and I did not buy when a pizza's worth would have been enough to retire on! |
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I wonder.... Given my track record, if I go all BTC tonight and accept that loss from my stupid spontaneous 804 sell, will the price move down in a flash-crash and reach my target of 801-781? If I stay all fiat will it go to 980? Or will it remain in the 850-890 range is I go 50/50? I am starting to feel paranoia. you should always have a healthy amount of fiat, incase of cheap coins. I've been starting to wonder the same today. Maybe I should try some kind of balancing plan between fiat and BTC holding. 50/50 for tonight, then. At least I would cover some of the losses if the market makes a sudden move in either direction. I will probably get shot here for this - but here's my take: My advice for what it is worth: I personally find that running spread sheet with all I have ever put into BTC and some alts on it (priced in BTC). I also have it showing a figure of what price of BTC would have to be to see me at zero profit (this has to be a fiat figure to make sense). Since I bought some way back, and have bought more since - it gives me an average price of what BTC would have to fall to, in order for me to have wasted my time. I trade and buy / sell part of my stash (yes, on Gox) always trying to make sure the average ‘break-even’ stays down at a level that I think realistically BTC will not fall to. This is around the 300 USD mark for me - any lower is a net loss on money in vs current price on my current coin holdings. When I cash anything out (sell some coins) it actually reduces the 'no profit' level, as the cash in the spreadsheet insures against a fall in price. So my risk from a catastrophic crash looks better (and feels it) whenever I sell a couple of BTC. If the price drops enough to do between 5-10%, on rebuying, I buy back in, if it doesn't - I consider just withdrawing the funds. A little profit, or some of my fiat back is no bad thing, given I have actually invested funds in. In the past few weeks - I have many times decided I would cash a few coins out to try to get closer to net profit 'no matter what', but every time the price has dropped to a level it is stupid not to buy back in at - that is, significantly lower that I sold coins for. Many nights I have thought – OK, I will cash a few out - but left a bid at a lower price for slightly more BTC 'just in case' and woken up to find I had my fiat gone and an increase in my holdings. In conclusion having some fiat and not worrying about it, is the only way to trade in a calm and sensible way - full BTC means you need to sell with perfect timing and then not miss the bottom and spot it when it is. Most people here seem to be terrified of losing profit on the coins they have by selling - but unless you have some fiat at the right time, you cannot take advantage of this. In real time trying to trade on short timescales, it is impossible not to get emotional and screw up - if you set trades up and leave them, it does remove the risk of panic in both directions. Sell at what you feel is a reasonably good price, to take a little fiat out - then if the price does not fall, don't be afraid to cash a little profit out to reduce your risk on the original investment? I believe in Bitcoin and I have invested some savings - but it will not make me a millionaire just yet. So my aim is to be playing with my original investment back with no risk of crash. I did not buy thousands of coins in 2011, so I am not in the league of many here, I must add – so my thoughts will not apply to all, but if anyone bought in at under current price levels – if the market flips regularly as it has – keep a little fiat and trade to increase coin, while always being prepared to be in fiat too. For me, my advice would be to look for 5% to 10% profit on trades – not to be totally right about the big swings top and bottom long in advance… And if a trade looks bad, hang on either way, don’t panic, just wait – if it’s gone totally bad, just take the fiat out and hold what you’re left with? |
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I wonder.... Given my track record, if I go all BTC tonight and accept that loss from my stupid spontaneous 804 sell, will the price move down in a flash-crash and reach my target of 801-781? If I stay all fiat will it go to 980? Or will it remain in the 850-890 range is I go 50/50? I am starting to feel paranoia. you should always have a healthy amount of fiat, incase of cheap coins. +1 You can't buy cheap if you only have BTC - you have to sell first. And that means getting TWO bets right. |
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To spice up a little: Is anyone willing to accept a $10,000-$100,000 escrowed bet that Bitstamp will hit $500 before hitting $1,000?
What odds? I am thinking that $1,000 is much more probable but I am willing to take the other side if odds good enough.
With 80% bulls here you should get good odds - but I would be surprised if anyone is brave enough to give you 2 to 1 for the bet. personally gambling on Bitcoin is enough for me - in theory I will not lose massively at either price if I am clever enough - but I would love to watch someone offer you odds... It would beat watching this ticker for a while and someone would end up a hero of sorts. We would be able to judge just how bearish / bullish you are too! |
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what is the little grey bar between the bid and sell walls on bitcoinwisdom? i didnt notice it until now, did it just show up?
Yeah it's new, like a less than an hour new Can anyone enlighten us as to what it is - I was hoping someone who knew (I am obviously not smart enough) to come up with an answer... I assume it is a feature to enlighten us as to some aspect of price - but what? |
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I wouldn't trade BTC now in any direction if my life would depend on it..
The trend is still up but it will take a lot to break that 5600/900 barrier. If that bots there to push the price down as low as possible then I'd guess its also low on coins and if 900 can break then 1000 wont offer as much resistance. It doesn't seem too intent on going down hard though, not figured out if it has a low trigger yet but if its happy with a steady move in either direction then things could be calm for a while. Whatever it goes I am not touching it until it's clear as sun. It's in a stage where losing money is almost guaranteed. As others have said, buy and hold, daytrading in Bitcoin is a 90% sure way of losing money. All the TA in the world is no defence against even a single whale trade and bots are the most advanced and high budget area of AI R and D. An army of corporate geeks get fat pay checks to find ways to fool you into losing money and their work is backed up by enough funds to clean out all the exchanges in an instant. Its only getting started too, when all wall street is playing with the charts anything we do will be like walking into a war with a pop gun. No, it's not. Daytrading made my Bitcoin position some 30 times bigger. I made twice or triple of amount of Bitcoins I initially bought multiple times in one single day. I had many red days too but overall daytrading was good to me. Not sure for how long it would be now though as altcoin game changed as it's not as easy to jump in and out between them and btc anymore but so far it's been a good. Yes it is. Some people win with roulette too. You won with trading. Congrats, but it wasn't skill I hope you don't think I give a flying one what it was. I'm not rpietilla, I don't have any complexes or mental problems and don't need people to think I am second coming. I've traded and made money. I'll trade again and try to make more. Skill, luck or whatever it would be, don't give a shit. Skill / lack of it? 'Let he who hath no guilt cast the first stone'. This is a speculation forum and I certainly do not have this one on ignore - anyone who admits a cock up on shorting is someone who has my respect, and I will tend to think them more credible, not less. I have day traded a bit and lately, it has worked out positive, so I know it is possible, especially since any position that went wrong in one time frame, simply required waiting! |
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Anyone good a reliable ticker for gox just now - my regular ones (wisdom and ticker) are not showing prices properly!
bitcoinity Thanks I need a second opinion! |
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Anyone good a reliable ticker for gox just now - my regular ones (wisdom and ticker) are not showing prices properly!
EDIT: Ah - maybe as the API is off, the bots aren't working - hence odd look
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RTBTC doesn't get good feed from bitstamp, api problem, anyone?
Bicoinwisdom also looks weird - long lag - very slow movement - just odd. Hope Gox isn't flipping out - won't be pretty if it does it now  |
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