I don't think I really disagree with anything in your post. I just find it non-optimal for me. Again, I put a high value on being able to enter offsetting trades (i.e. in the wake of a trade execution) without needing to think about it. My twelve second claim may be off a few percent one side or another, but it is pretty close to reality.

So, other than step functions in changing my overall increment when price has done a several X, my increments are uniform, and there is a two increment space between my highest standing buy and my lowest standing sell. It just simplifies the thinking. Or actually eliminates the thinking, and simplifies the rote execution.

As for magnitude of increment, yes there is a balance between total profit, profit margin, and effort required. Your profit margin on a smaller increment is smaller than on a larger increment, but seeing as small movements in price happen more often than large movements in price (indeed, it is a power law distribution), overall profit is larger with a smaller increment. As the increment gets smaller, it is true that you start giving more away in cost of sales (trade fee), which at some point makes you question whether it is worth the effort. This is another reason to minimize the effort on any given trade, as that allows you to cull more total profit without feeling unduly burdened.

At least, it works for me.

Incidentally... 0.5%? Ouch.

The topic, for which I am routinely castigated, is BCH, which was not brought up by me.

My contribution using BCH — one of the few sanctioned methods — was used merely to point out that characterizing “bcashers” as living in “fantasy land” is pure nonsense. Real commerce is accomplished thereby.

Bull-fucking-shit.  _I'm_ not the one that brought the topic up. Check the goddam transcripts. You're so fucking partisan that you're blinded to the bald truth.

For which you excoriated him/her incessantly, and even browbeat anyone who pointed out that your behavior in that regard was offensive. Does that paragraph serve in your mind as the apology to jonoiv that any claim to civil decency would require?

No problem. I'll reciprocate with apologies for my rash name calling (quickly edited, but still not before quoted).


PotKettleBlack

While I have no normative statistics to which I can point, I am convinced the average BCR-er knows a fuckton more about BTC than your average BTC-er knows about BCH. Why would you trust me on this? Maybe because I'm the one in this interaction that spends time in both said communities.


ALL of reddit is a cesspool. This surprises you?


No, BCH's reason for existence is as a means of transferring value. Specifically, an uncensorable one that does not collapse in functionality as demand for its use rises. How is this flawed? You're still way off base.

In light if the fact that he posted a BCH address explicitly for donations for this purpose, your postulated scenario seems rather unlikely.

It is simple to get rid of BCH. People will even pay you to take it off your hands.

Unless you mean eradicate. In which case, it appears you're stuck with it in indefinite perpetuity. Sucks to be you.

Wrong about what? My observation that BCH and talking heads babbling about COVID-19 are unrelated topics?

No. They are unrelated topics.

Yes, and stupidity will be loudly trumpeted and acclaimed, as long as it adheres to our collective knee-jerk groupthink BCH Derangement Syndrome. WAR IS PEACE, FREEDOM IS SLAVERY, but mostly IGNORANCE IS STRENGTH.

At least you admit it.

Oh brother.

Really, nutildah... Really ?

WTF Do talking heads blabbing about the effects of covid have to do with BCH?

Nothing, that’s what.

Stupid non-sequitur is stupid, and deserving of having its stupidity ridiculed.

I don’t think you have a point. I used BCH to transfer hundreds of dollars of value to Bruno recently, to assist with his funeral arrangements. Does that sound like ‘fantasy land’ to you?

Freakin idiotic non-sequitur.

Jeebus - my eyes glazed over again - I almost fell asleep before I saw my name.

No, I don't claim to be making a killing - just harvesting a consistently nice bit of the volatility.

Firstly, my current increments are exactly what you claim to be employing. But I think I see the issue that keeps you thinking all the time, instead of just rote executing. What is this $900 spread of which you speak?

Nay, if my increment is $250, my spread is $500. So any order gets entered exactly as the order two before it (think about it).*

* spread has to be 2X increment. If a buy, fill the middle with a sell. If a sell, fill the middle with a buy. duh.

Well, it is a strategy.

Well, I think you previously said that you worked in this field. I don't wanna argue with you. But I gotta ask - for every one of you, how many doctors?

Which kinda gets to my point. Decades ago, when you went to the doctor, you saw the goddammned _doctor_. He (all right, only occasionally she) had the bandwidth to deal with your medical issues, and do the billing. Because It consisted of simply sending an invoice.

Today? I dunno. But I'd be unsurprised if I learned that there are four billing specialists for every fucking MD on the planet.

That's a lot of unhelpful mouths to feed.

I had no idea until tonight how much he contributed.

That said, I still think Stacy's mom is hot AF.

Dude. Or dudette. Upthread. Ignore at your peril.

Though with the 'lose opportunities' dig, you might be looking for a risky play. No love for that here.

And you were _so_ close.

Well, if we're really going _there_, it's crappy, greasy (presumably british) gin that we're supposed to be swilling.

Big brother would have it no other way.

Boot on the face of humanity an all...

wait... what? Seriously!?

(tunes) run for your lii i ayiiife...

Well, see, that's one benefit of the J strategy.

You never sell a coin for less than you bought it. And you never buy a coin for more than you sold it. What could possibly be better?

I mean, yeah - when it does a monotonic up, we're left with less Bitcoin, and a pile of stinky fiat as consolation. But to the point that it bounces, we sometimes cover that in advance.

Not only that, but many exchanges charge lower fees to maker than to taker.