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3981  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 16, 2013, 08:13:57 PM
To da moon (again)? Shocked
3982  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 16, 2013, 07:58:15 PM
I wonder what to make of the wall at 650 on stamp...
3983  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 16, 2013, 07:53:39 PM
This feels surreal. I lose $-value and don't care, as I accumulate BTC.
I am jumping in and out, trying to catch the tops and bottoms, but often sell below, what I previously bought for, the make the next leg.
I'm up additional BTC0.652 so far
3984  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 16, 2013, 06:18:08 PM
Hell. It continues down!
How could I not go all in, when my previous mistake was to sell all out?!
3985  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 16, 2013, 06:16:03 PM
Out of fiat. Just holding. Too scared to sell and end up at the bottom!
3986  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 16, 2013, 06:11:48 PM
Do we have a melt-down?! I bought back at 752!!!  Undecided
3987  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 16, 2013, 03:37:42 PM
1.947 BTC profit after covering my previous losses. Had a couple of near-botched trades on these waves, but managed to recover.

Now I am going to be a disciplined guy and transfer this profit from the exchange and to cold storage.

My current strategy is to trade with a fixed BTC sum. Once I am over it, the excess gets transferred out until both sums are in balance, at which point, I will increase my trading threshold a little.

That's actually a good idea for me as well. I do most of my trading on Stamp (My volume there means I have lower fees) but it also means there can be quite a lot of slippage in price when trading. It's not really helpful to keep trading a growing pot as eventually you stop being able to buy/sell all of it at one good price.

I've made that observation as well. The best trades are in the 5-10 BTC range. It becomes cumbersome to have bids/asks over 25BTC.
3988  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 16, 2013, 03:19:48 PM
1.947 BTC profit after covering my previous losses. Had a couple of near-botched trades on these waves, but managed to recover.

Now I am going to be a disciplined guy and transfer this profit from the exchange and to cold storage.

My current strategy is to trade with a fixed BTC sum. Once I am over it, the excess gets transferred out until both sums are in balance, at which point, I will increase my trading threshold a little.
3989  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 16, 2013, 12:11:00 PM
Ok, I am partially back in at 802.50
Now let's see it crash further!  Grin
3990  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 16, 2013, 12:06:48 PM
Hmm... should I buy at 805 now and close my previous blundered sell at 804 at only a minute loss, or shall I wait for a lower low?
Seems prudent to buy now...
3991  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 16, 2013, 10:20:47 AM
DogeCoin has 2nd highest hashrate of scrypt coins at the moment. The World has gone mad, lol

Is it a protest against alts?
That said, ZET was good to me. Bought for 5 BTC and placed auto-sell orders way higher (thought they never would get hit), then forgot about them. When I checked back on Cryptsy, I had 25 BTC there. The only regret: those sell orders were 10x lower than the going price today: I could've have got 250 BTC!  Tongue
3992  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 16, 2013, 09:16:14 AM
rpetilia stop dumping at stamp!!  Shocked

Please, carry on, as you were... Cheesy
3993  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 16, 2013, 07:35:44 AM
Can we break 1000 already? Getting tired of this trading range. boring...

I second that emotion.

Or, from a bear's perspective: Can we break 800 already?

I second that motion.
3994  Economy / Speculation / Re: Can I predict the value of BTC/USD? on: December 15, 2013, 07:50:35 PM
This should be a compulsory reading for any wanna-be trader who knows what the future holds. Would save them a lot of money.
3995  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 15, 2013, 07:44:54 PM
Something tells me I should have bought at 815 this morning...

Is it the fact that the price is >815 right now? Wink

Yes. If I knew the future, I should have bought at 815, sold at 865 and then waited for the dip.

And as everyone knows, clouded the future is, always shifting.
3996  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 15, 2013, 07:42:20 PM
Something tells me I should have bought at 815 this morning...

my oversimplified analysis:
everybody expected a drop, so they were ready to buy in the dip.
ran out of patience, got trigger happy, rising the price.

basically the price does often the opposite of what people expect, something you have expressed alot here Smiley  

The more "to the moon" yells here the more chance of a price drop
and we're waiting for a drop means it won't come when expected.


That is true.
I stopped acting on my expectations, which resulted in fewer losses.
Besides, there's almost no ask support down to 780...
3997  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 15, 2013, 07:21:48 PM
Something tells me I should have bought at 815 this morning...
3998  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 15, 2013, 07:19:24 PM
all i'm saying is TA is BS

only an all knowing god can predict the future.

TA works to an extent because people think it works and act accordingly.

Oh and also: even an all-knowing god might not be able to predict the future. If he could, why would he even run the world. Makes no sense.


there is no such thing as an all knowing god
our god is the universe
he is completely oblivious of our existence because in his eyes our universe is a small sub atomic particle in his body.

now you know the secret.


 Cheesy

I can easily agree with that view.


Believing the existential aspect of existence is not hard, because its the truth!


I should start a religion
we all gather together on sundays, I say a tone of existentialist BS, and then collect bitcoin donations   Cheesy

Isn't that how absolutely all churches, religions and sects operate?
3999  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 15, 2013, 07:12:58 PM

Not sure that picture holds. As a professional coder I get paid about $97000 per year, converted from NOK, by a large multinational company. Then comes about 40% income tax, which leaves me with $58200 per year or $4850 per month or $2421 per day or $32 per hour or BTC0.0377 per line, given the "think for an hour, write one line" mantra.

In other words 26.5 lines per BTC



How is a 40% tax of 97000 equal to 38800. Wouldn't that be a 60% tax?

Ellers er det jo en fin lønn, det Smiley

Oops, used the tax amount, and not the "clean" salary in the calculations. Fixed the quote above.

Vel, klager ikke, selv om skatten kunne jo vært lavere Wink
4000  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 15, 2013, 06:01:54 PM
People who write code are today's rock stars.

edit: and now they're driving around in Lamborghinis....that's gonna only add to that rep Smiley

Not sure that picture holds. As a professional coder I get paid about $97000 per year, converted from NOK, by a large multinational company. Then comes about 40% income tax, which leaves me with $38800 per year or $3233 per month or $161 per day or $21 per hour or BTC0.029 per line, given the "think for an hour, write one line" mantra.

In other words 34.5 lines per BTC

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