Just in case you weren't trolling and because we have a lot of new people on the forum, I'll share some pro tips to deal with slippage on both sides.

For people who have no idea what he's talking about, lets say he has 100k USD he wants to use to buy Bitcoins. The price is at $118. If he puts in a market order for 100K, the order will end up buying coins at $118, $119, $120. So instead of getting in at $118, he's in at $119+. The ticker says $118 but he's forced to pay $119 to get back in. So that sorta sucks.

You only want to use market orders when you want to push the price up or down. Sometimes you'll pay the extra when buying (from slippage) because people will see a big purchase, more people might start buying, you move the market slightly higher, maybe start a rally, there's some built in short term protection for your BTC. When you market sell, you push the market a little lower and sometimes get panic sellers to join in. If you're not trying to move the market up or down you really shouldn't be using market orders.

But now you're thinking, I don't have all day to spend my 100K-500K USD on coins, I have shit to do. Fuck slippage, I want to get back in the game quickly. There's another option.

You want to place fairly big bid/ask walls near the edge. Preferably, right on the edge. The reason these walls get taken down so quickly is because the other side is also concerned about slippage. A 100k bid wall right on the edge, means people on the ask side can sell a bunch of coins with no slippage. Normally selling a bunch of coins you'd end up selling coins at $118, $117, $116 as you worked your way down to fill the order. By putting the wall right on the edge, you're letting everyone know they can buy/sell a fairly large amount and not have to deal with market orders (no slippage).

So if you're buying/selling a large amount, break it up into a few decent sized walls, put it right on the edge, they will get taken down (filled) very quickly. You can get in with your 100k USD right at $118, giving you a little lower price point. I see a lot of people getting impatient, forcing themselves in at a higher price when it's really not needed. You don't have to stick to limit orders $1-$2 below the ticker that can sometimes take hours to get filled. You don't need market orders. Go to the edge, get back in when you want to get back in, and go from there. You save time, get in more quickly, and sometimes the timing of when you get in is more important than the price.

In wonkytonky's case, a few bid walls right on the edge would have gotten filled extremely quickly, and slippage would never have come up. If anyone has different strategies they use to get in and out with large orders feel free to correct me. 

+1.

I was just going post "I stopped reading when you started making up words".

*lol* Sorry yeah USD. Was between 4-5k BTC purchase. Followed by about a 2.5k BTC purchase. Some pretty big buys.

About 500k.

Both the tablet and phone VMs get a "device not supported" when trying to install gyft. Bleh.

Check out the 3d wall chart on shrooms or LSD, you can actually get INSIDE the wall. Then you just ask the wall itself if Bitcoin is going up or down, trust me they never lie.

Anywho, it's sometimes interesting to see the changes in 3-d during volatility. In terms of auto posting a chart, I don't have a problem with it. It's the only chart on here that's not trying to manipulate someone.  

It's posting under ChartBuddy so you can easily click ignore.

Most hours, it's the only post on topic. Is it really holding you back from seeing the cool animated gifs? Once an hour seems pretty good to me.

Okay! *grabs pants*


I'm more of a vanilla guy but this sounds too good to pass up. Crazy Mode ON!


Free financial advice?! You're a gentleman and a scholar good sir!

Oh wait, 10 days later and the market is up. Well those nuggets of wisdom sure didn't pan out.

Great call Coinstradomus. For the communities sake (emotional and financial), maybe we can get a bounty going to stop you from sharing your BTC forecasting. I'm not sure if we can afford any more of your "help" navigating this crazy world we call Bitcoin.

I don't think so. The bid wall has lagged a little since the push to $122. But $115-$120 is pretty solid.

$122 to $125 is 12k BTC. Unless some new money starts making up for lost time, we'll probably bounce around $118-$121 for a bit. We'll see some dumping for sure, but there's enough buying pressure to keep us above $115.

The ask wall doesn't seem to be getting out of the way at any point so far, it will be a lot of little jumps, regrouping, let the bids come forward then it's up again. If the rally continues it will be slower, that jump was 2 days of no action crammed into 3 hours.

If I was selling between $122-$130 right now, I'd be content to wait for the bulls to pay me off. I'd be surprised to see a lot of panic selling, we're more lilkey to pickup some bears to buy up any dumps. Any drop right now is a chance for someone to get back in.

There is nothing worse then a bear sitting on the sidelines, pockets full of fiat, feeling lonely because everyone left him behind.

Good news is, there's no shame in buying in, long term looks fantastic, a little bumpy in the short term, but there are enough cool gifs in this thread to keep you happy (and a few charts with lines n shit).

There were people back in 2011 saying mining was a waste, it was too late, you'd make more buying BTC. Mining is still quite profitable. I wouldn't hesitate to get into mining, it's not quite as insanely profitable as it used to be, but you'll make money. GPU I'd only do a few rigs that you can use as gaming rigs, the rest into ASIC. Plus it's fun and the more miners the better for the network (more decentralized, which is good).

The 7970s are fine cards, easy to resell if he can get more ASICs down the road.

Blah, really? Has anyone ever run Android on a VM? Here's a decent lead, still researching.

http://androvm.org/blog/

What what happened to


Seems like you were pretty certain and you're experienced in forex AND stocks, clearly you own big boy pants.

Oh Hai, wait a second, you bought back in?


Ahh, that explains why the "ship was sinking" but now it's turned into a rocket ship that's headed to the moon. At least wait 24 hours before you burn your bear costume and turn into a cheerleader. However you seem like a nice guy, didn't start your own thread to announce you sold everything, that's mildly redeeming qualities for a dramatic bear. Welcome back. 

Since $114, almost none of the walls have been fake. In fact more asks have piled on the whole way up. Those were people who locked in at a set profit and were going to wait for the bulls to pay them off. Which makes the rally that much more impressive, a hell of a lot of buying in a very short span. The bid wall has been very agressive, keeping right on the edge. Very little backtracking, the buying pressure just kept building and blew threw the asks.

The market reacting well to good news, who woulda thunk it.  

LOL! Supernode style!

Almost made me choke on my breakfast burrito. Good call.  

Someone's bot just flipped the fuck out.

There's been some api issues, I've seen some weird numbers off and on. It usually corrects itself fairly quickly.