Bitcoin Forum
May 23, 2024, 08:24:43 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 [37] 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 ... 223 »
721  Economy / Speculation / Re: rpietila Wall Observer - the Quality TA Thread ;) on: June 24, 2014, 10:30:43 AM
One option with custom bots is to use the API to make things more efficient, but stop short of trying to make an algorithm to automate all the trading.

Exactly. I want a bot that I can use to automate certain instructions at occasional times when I tell it to, so that I don't have to do them manually. This might include:

1. After I place an order, continually modify the order to outbid/outask other traders by $.01.

2. Buy/sell on a cross of the 1H or 4H MACD once I have decided that this is what I want to do - So I can stop watching the MACD and go to sleep. It wouldn't do this all the time - just a one-time thing when I tell it to.
722  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 24, 2014, 09:52:45 AM
Stamp is moving up.

Coin supply seems unlimited and is getting refreshed in 50-150BTC batches  all the time. Satoshi cashin out?
These piecemeal trades are a common characteristic of low volume. Try not to analyze it too much.
723  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 24, 2014, 08:59:58 AM
Huobi and Bitfinex had a small rally and stamp hasn't participated at all. Stamp is dead. It seems stamp has been disconnected from finex for at least a week now. What happened?


http://www.reddit.com/r/BitcoinMarkets/comments/27vq6b/why_the_large_difference_between_bitstamp_and/

this ?
Oh I see. They've completely shut down the link for good now. That freaking sucks. This has probably contributed to the recent decline too. Thanks finex.
724  Economy / Speculation / Re: A Single Bitcoin will Worth $100K - Do You Believe it? on: June 24, 2014, 08:48:39 AM
Someone gives me a commodity investment with really good fundamentals (well as of today in 2014 at least) and tells me that due these fundmanentals ,a destiny has been obtained. That's it. I don't have to do anything. The investment doesn't have to do anything (except reach more users). No real effort has to be imparted at all by myself or bitcoin.

How is this different to the situation with gold?
It's not, and I'm not advocating gold and an investment for value growth. Since you asked though, gold does have a couple differences from Bitcoin - it has thousands of years of history behind it and is less likely to suffer from a catastrophic failure than Bitcoin. However, this is irrelevant to the discussion.
725  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 24, 2014, 08:46:20 AM
Huobi and Bitfinex had a small rally and stamp hasn't participated at all. Stamp is dead. It seems stamp has been disconnected from finex for at least a week now. What happened?
726  Economy / Speculation / Re: Thinking about Selling on: June 24, 2014, 08:41:34 AM
If you're going to try to trade, I would recommend doing it based on some solid TA - not just a belief that the auction will lower the price - it might not, and then you're screwed. If the auction coins are not dumped, it might have a reverse effect where a bunch of traders who sold due to the auction have to panic buy back.
727  Economy / Speculation / Re: A Single Bitcoin will Worth $100K - Do You Believe it? on: June 24, 2014, 08:28:42 AM
I understand the power of bitcoin (based on today's state of affairs and today's fundemantals in 2014) and I understand that not all of bitcoin's potential users have been reached. However, my statements aren't really about market sentiment analysis or forum sentiment. They are about the attitude I've been told that I'm supposed to have, and how this conflicts with my own sentiment as an investor.

Someone gives me a commodity investment with really good fundamentals (well as of today in 2014 at least) and tells me that due these fundmanentals ,a destiny has been obtained. That's it. I don't have to do anything. The investment doesn't have to do anything (except reach more users). No real effort has to be imparted at all by myself or bitcoin. I just get to sit back and watch it grow - next year it'll be 10x, the year after that it will be 100x, and then a year later it will be 1000x - it's a destiny and it's 100% guaranteed to be fulfilled... this does not compute.

First of all, it's too easy. I'm just supposed to sit on coins and don't have to do anything. Bitcoin also doesn't need to do much either - it just stays as exactly what it is maybe some minor code fixes here and there. You're basically sitting on a commodity (Warren Buffet hates this). Most truly good investments involve a company that is making drastic improvements to itself and it's products or the investors themselves are doing something. Just sitting on a commodity is too easy. It also makes one wonder about the nature of the other investors who are sitting on a commodity - they are all mostly in it to do nothing and sit on a commodity to make profit, and are doing nothing for Bitcoin - they would probably dump really easily if the right conditions were met.

Second of all, this destiny thing does not compute to me as an investor. Nothing is that certain, or guaranteed. Some kind of hurdle is going to show up, some wall will be hit, or some new thing is going to be revealed, some X-factor. It always happens. Every great investment is a new paradigm, until it isn't. A trend has held for 5 whole years and you feel elated over the information you have in 2014... but what about 2015? 2016? Something can always change - and often it does. Never let yourself get so psychologically carried away with your ideals that you forget about the nature of reality.

I'm not trying to be bearish, say that prices are going down, or that Bitcoin doesn't have a bright future from here. I'm just tryign to stay grounded in reality, and am saying that nothing is guaranteed, and $100,000 would be a fantastic accomplishment but is not a destiny.
728  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 24, 2014, 07:48:34 AM
Quote
Hot on the heels of bitcoin are about 200 other global online currencies such as litecoin, darkcoin, maxcoin, peercoin, ripple and hundreds of other coins

I like how ripple is just thrown in there and called a coin, and apparently every alternative payment technology is a "coin".
729  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 24, 2014, 07:36:43 AM
Chinese overlords were trying to decide what amusement to entertain their lunch guests with while enjoying a bowl of noodles and chose to screw with the heads of bitcoiners.



Normally after a large buy, coin gets added to the bid, not the ask...
730  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 24, 2014, 07:15:11 AM

I don't get it. But I will assume it is something bearish Cheesy
pointing to activity on huobi since stamp was being unresponsive

Appears bullish as of now.
731  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 24, 2014, 07:09:03 AM
732  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 23, 2014, 01:52:25 PM
The candle has been lit.
733  Economy / Speculation / Re: Following: a great week or two to buy BTC on: June 23, 2014, 12:50:40 PM
What would be the reason for bitcoin to plunge into the abyss? It survived Silk Road and gox, surely it won't collapse for no reason.

Interesting defintion of "plunge". It dropped $50 in a week. The week before that it gained $100.

Since a year ago we're up some 500%. If that's pluging into the abyss, I would be very interested in what other investments you keep?
The top reason to drop right now would be traders selling out on a break of trend. There are a lot traders just front running the next 'scheduled 9 month bubble' which might not happen.
734  Economy / Speculation / Re: Bubble incoming! $3800 - $4000 expected on: June 23, 2014, 11:38:07 AM
What happens if we break long term support?

Bubble launch? Huh
Then there will be no more traders entering just to time and front run a rally and we will see where bitcoin's true believers actually buy.
735  Economy / Speculation / Re: A Single Bitcoin will Worth $100K - Do You Believe it? on: June 23, 2014, 11:35:01 AM
I think due to the fact that so many people here have so much complete blind faith that it will reach extremely high levels, that it will never happen. It's too easy, too expected. If something is too good to be true then it probably is.
736  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 21, 2014, 01:08:55 PM
So the usual bear trolls are going nuts because i mentioned i have a feeling the price is being manipulated. This are EXACTLY the same retards who ALWAYS find some ridiculous reason why, when the price goes up 10 dollars, it's not legit, fake, manipulated etc. Funny...if it wasn't this fucking sad.
No I don't believe I have claimed manipulation on the upside either; please quote something.
737  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 21, 2014, 11:48:22 AM
Why is every downwards market movement perceived to be done artificially by some malicious force?  What if it is simply that there is not enough buying pressure and the buyers aren't capable of supporting the weight of the market?

It's not possible, this is Bitcoin. Everyone in the world want coins. Wink
Supposedly everyone in the world is uberbullish about bitcoin but instead of buying now at market price they are going to wait and try to maybe get slightly more coins or get them at a slightly better price by playing some game which involves them taking risks, possibly committing crimes, and even selling coins at low prices.

They think bitcoin is the lottery win of the century yet they're going to risk the whole operation just to be a little greedy and get a little extra coins with some method that might not even work.
738  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 21, 2014, 11:01:49 AM

Just mushrooms? I thought it was something stronger, based on this:



I guess it includes a bottle of vodka.
739  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 21, 2014, 10:55:54 AM
But what else is included in the kit besides the obvious?
740  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 21, 2014, 10:47:13 AM
Instead of talking to ShroomsKit maybe I can obtain a Shrooms Kit and have my own crazy visions and feelings about what is behind market movements. What is included in a Shrooms Kit anyway? A bunch of accessories and tools?
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 [37] 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 ... 223 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!