Does anybody have the programming ability to construct a CFD trading site operating in BTC's?
It would probably tie in very good with the BitcoinSportsbook site...
Just allowing betting on financial outcomes as well -
Betting that the Euro will become more expensive to buy with dollars --- so buy a EURUSD CFD while your counter party to the bet will sell the EURUSD CFD offered on the Bitcoin CFD site.
Betting that the DOW, FTSE, DAX, Brent Crude Oil, Gold, etc, etc, will become more expensive to buy --- so buy the relevant CFD while your counter party to the bet will sell the relevant CFD offered on the Bitcoin CFD site.
This will allow for micro investment (/gambling) opportunity at very low cost, as well as hedging/speculation opportunity against/for risk. It would also increase the demand for BTC as small players will get access to the market at VERY low cost.
This is a good idea, me and my friend are working on a futures exchange for the bitcoin in PHP.
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whatdya know!? 1.5/1.45 resistance
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Price has started to decline... Figured it was bound to happen!
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Thanks, someone should make a trading platform that uses this stuff+TALib+MTGox.
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Just a weekend is coming. So a trading may slow down until Monday. People have a lot more time on the weekends, they are not at work/school/etc. I often wonder why trading is down on saturday/sunday for "normal" markets.
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Agreed, there is no evidence that 1.5 or 2.0 will be resistance points. I'm seeing 1.38 as a resistance point because prices are kind of sitting there.
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And again I have reset the market sentiment poll.
Up? Same as now? Down? I don't know?
click on the poll above
Please VOTE
I voted up, I see another ascending triangle on a 5 min chart. Target: 1.35 at least.
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I've written a primitive trading bot for MtGox. It can earn money in some circumstances - but in general it fails probably because of the competition of other bots. I understand that knowledge in this field is mostly kept secret - but some of it must be public. Any links? I am also open for cooperation.
By the way, it is fscking addictive. Maybe I should open source it? I have the feeling that playing this game can be like FarmVille for geeks and can generate tons of publicity for bitcoin.
I suggest you open source the parts of the bot that don't contain the strategy so people can learn how to better build bots that interface with mtgox. However, do not release your actual strategy, or it'll get nuked.
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Rally still got legs. Why? Since 10/04 when the run started at around 0.7 BTC/USD the pullbacks have been very shallow and short, classic staircase rally just bulldozing through the bids. Signifies a determined buyer(s) chasing the bid up, who seemingly haven't wavered significantly on price as yet. The speculative spike with deep drop and bounce is still ahead of us I'd say, unless they lose their nerve and pulls out to wait for another day.
Put simply, " ...cattle still in the ring ....".
From what I've seen on this thread, and from the conclusions I've come to, either it will continue up, or correct/retrace and kind of sideways move for awile and then continue up. Out of curiousity, does anyone disagree? The only thing that is not include in the options you mentioned is a strong downfall, and it is kinda obvious thats not happening Because that is not a major opinion I've noticed. What I am saying is that the only way to really disagree is to say that it will go down fast. Our "opinions" basically cover the most likely situations, and what is left is very unlikely What is your target? I think it's very likely we will correct in some fashion. Here's why: 1. Momentum/rate of change is slowing 2. Volume is lowering.
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Rally still got legs. Why? Since 10/04 when the run started at around 0.7 BTC/USD the pullbacks have been very shallow and short, classic staircase rally just bulldozing through the bids. Signifies a determined buyer(s) chasing the bid up, who seemingly haven't wavered significantly on price as yet. The speculative spike with deep drop and bounce is still ahead of us I'd say, unless they lose their nerve and pulls out to wait for another day.
Put simply, " ...cattle still in the ring ....".
From what I've seen on this thread, and from the conclusions I've come to, either it will continue up, or correct/retrace and kind of sideways move for awile and then continue up. Out of curiousity, does anyone disagree? The only thing that is not include in the options you mentioned is a strong downfall, and it is kinda obvious thats not happening Because that is not a major opinion I've noticed.
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Rally still got legs. Why? Since 10/04 when the run started at around 0.7 BTC/USD the pullbacks have been very shallow and short, classic staircase rally just bulldozing through the bids. Signifies a determined buyer(s) chasing the bid up, who seemingly haven't wavered significantly on price as yet. The speculative spike with deep drop and bounce is still ahead of us I'd say, unless they lose their nerve and pulls out to wait for another day.
Put simply, " ...cattle still in the ring ....".
From what I've seen on this thread, and from the conclusions I've come to, either it will continue up, or correct/retrace and kind of sideways move for awile and then continue up. Out of curiousity, does anyone disagree?
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6 months of research.."on and off"? thats not much, i'd be weary about giving out advice on something you don't have much experience in, especially when it comes to other peoples' money
Well, it's free and at your own risk.
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Also, what are your qualifications?
I scored 80% (95%=passing however) on some technical analysis test (not sure about the name, but it was upwards of 100 questions). Also, I've been studying and researching for about 6 months off and on. And thanks btw! And here was the chart I gave him:
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That's a pretty bleak picture. I guess I should sell my stocks and buy gold, guns, and maybe an iPad. But I'll send you a PM, I want to get your opinion on a company.
I have completed your request.
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I will use a combination of the elliott wave principle and standard technical analysis to come to my conclusion. Price is FREE!!! If you feel like donating though... 1EAf7Efo4qbDkFhhE7DuMBhMt3qRFU6Rhj (bitcoin address) Here's one of my charts: Here's another. Disclaimer: THIS IS AT YOUR OWN RISK. ALL FINANCIAL "ADVICE" IS FOR EDUCATIONAL USE ONLY!
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