 Show Posts
|
|
Pages: [1] 2 3 »
|
sold 49btc at 833
LOL, buy high sell low. Retire early. |
|
|
|
|
I'm a full-time software developer for an advanced professional securities, options, and futures trading platform myself. If you want I can test it out for you later today and give you some feedback. Let me know via PM or whatnot.
-Mike
|
|
|
|
ok now imagine you filled at 1195 and it went on crashing to $300 and stayed there. draw a graph explaining how you guarded your money then?
+1 to this. Anyone who thinks that an attempt to call the bottom is NOT putting their money at risk is delusional. Almost every trade that has a predetermine short term outlook, such as buying a dip and expecting a flying bounce or "miring" to get out, is putting money at risk for a short term reward. You either invest for the long term, or you take on huge risk day trading to get many short term big rewards with big risks. There is no magic formula, no matter how many "after the fact" charts you post. -Mike At least have the decency to respond what OP actually put forward: not some magic way to protect your investment against all possible outcomes, but a way to describe how you should trade, or more precisely: how your expectations of price movement should guide your trading actions, and how you should cut losses accordingly. That's trading 101. But the rather asinine reactions posts like this get in here make me think it's a class many here still need to take. Finally, what a moronic dichotomy you put forward there: you either HOLD FOREVER!, or you GAMBLE IT ALL AWAY. In the real world, some of us are interested in increasing their total amount of coins through (relatively cautious) trading of the swings. What OP described is a basic technique to get there: cut losses. don't give up profits too early. That's about it. The OP did not explain how to protect your investment against all possible outcomes. Heck, he wasn't even talking about investments! He got in and out in under a day. That's not investing, its trading. Get it right. Second, it was not all possible outcomes, as piramida said, it could have tanked further and he would have caught a falling knife. The equivalent of sending your cash out as the front line foot soldiers. Not really protective. So what he did was plan to lock in gains if it goes up and levels out, or make a killing if it rocketed, or have no plan if it continued to tank. You either set and objective and limits both ways and trade that, or you invest with a long term outlook based on fundamentals. Plant the trade and trade the plan. But don't confuse trading with investing. And certainly don't confuse protection with locking in gains. - Mike |
|
|
|
ok now imagine you filled at 1195 and it went on crashing to $300 and stayed there. draw a graph explaining how you guarded your money then?
+1 to this. Anyone who thinks that an attempt to call the bottom is NOT putting their money at risk is delusional. Almost every trade that has a predetermine short term outlook, such as buying a dip and expecting a flying bounce or "miring" to get out, is putting money at risk for a short term reward. You either invest for the long term, or you take on huge risk day trading to get many short term big rewards with big risks. There is no magic formula, no matter how many "after the fact" charts you post. -Mike |
|
|
|
|
So your call was a fail. (i.e. rally in 12 hours) So what's next? Create a new account and start over again to try to make better out-of-your-ass calls?
|
|
|
|
I've never heard of it before, but who would trust a place called the SHEEP marketplace, they clearly only cater to sheeple. Thats almost as dumb as trusting a guy called pirate.
Hey prirate's a good guy, leave him out of this. |
|
|
|
When was "Bitcoin completely subverted"? The fail of an exchange has no relationship to the integrity of a currency, just like the failure of the NASDAQ has not relationship to the integrity of the company of any of the stocks.
Read up a few posts. Though the information disclosed in the link won't make much sense to anyone without a technical background. That's fine, I shouldn't have an issue given my degree as a computer engineer and work experience developing software. No bitcoin was stolen on that attack and it was quickly caught and neutralized. Not to mention that it actually demonstrates how the openess of the entire blockchain (and thus global bitcoin transactions) allows anyone to review what's going on to quickly report such issues. How many illegal attempted transactions or fraud schemes are going on right as we speak with fiat currencies, that we cannot detect? |
|
|
|
Bitcoin was completely subverted once, but it was sufficiently early in its development that the problem could be rolled back and there was no lasting damage. Given the current price of Bitcoins, the motivation for people to search for an create exploits is much larger. If Bitcoin was compromised now, could it recover?
When was "Bitcoin completely subverted"? The fail of an exchange has no relationship to the integrity of a currency, just like the failure of the NASDAQ has not relationship to the integrity of the company of any of the stocks. |
|
|
|
This has been debated to death, but perhaps re-framing the argument might show how hollow Bitcoin's scarcity argument is.
Bitcoin cultist's claim one of its greatest virtues is that the supply of Bitcoins is limited to 21 million, but of course if Bitcoin was ever to become the global default currency its promulgators dream about, each Bitcoin would denominationally represent a huge USD equivalent. To this end, if the US treasury said that it was restructuring the USD such that there would be 21 million MegaDollars maximum, but that each of those MegaDollars could be dived up to infinity, does it suddenly become sound money?
 |
|
|
|
|
I don't think this will work. One lag-filled swing in the wrong direction while you are holding a position or have an order, and by the time you cancel or exit, the whole months profit can be gone.
|
|
|
|
What frustrates me about the UI is that I have exactly 0.71480550 BTC, and when I type in that I want to sell 0.71480550 BTC, it says I don't ahve enough funds to proceed.
THAT is why the new UI sucks. Oh, and also how you can't copy/paste values any more. That makes everything so slow.
Also, copy paste does work and you should make sure you don't have any opened or pending orders. |
|
|
|
It would help if Gox's new UI didn't suck balls.
Every time I go for a market order, it says I don't have enough funds, when I clearly do. It's so frustrating.
By the time I've refreshed the page, and re-entered the same volume of cash that I put in first time, the market has run off without me (again)
If you're putting a market order in because the price is swinging like crazy or just dropped fast, you're likely not going to get filled anywhere near the bottom due to the gox-lag. Count yourself lucky that it prevented you from sending a market order or else your order might have only got there at a price you don't want. and cancelling it would take another lag time. Also, I don't understand why you are using market orders during any kind of swing. Never use them, its a terrible and stupid thing to do. Place a limit order at the highest price you are comfortable with and it will take the lowest ask (or highest bid) once it gets there. -Mike |
|
|
|
|
Perfect, thanks. I tried it out, and the data imported beautifully, however, the calculations on the side quickly returned #value cells. I think there is a bug with the calcvalue() method since the first non-dependent cell to be #value is a simple calcvalue(str,1) call with str being
"BTC sold: [tid:1325141427287997] 5.75000000Â BTC at $4.26000"
without quotes.
-Mike
|
|
|
|
|
I did as you instructed, but all I get is your history, not mine from my CSV files. I went to the macros and ran Initiate, but your history didn't get cleared. Could you provide us with a blank template and perhaps a button to Initiate or import?
Thanks,
Mike
|
|
|
|
I am 7 years in trading, I know who make profits and how.
this trade may be profitable only for bitcoinica.
Do you always display your positions publicly online when trading? |
|
|
|
This is can be funny, i dont care about money.
but this is a cime, and people who do the crime should go to jail.
what do you think now ?
this guy is an offender. Tommorow i go to police.
Who has the same situation please contact me.
You need proof of a crime before anyone will believe you. The screenshot you showed could have been done by anyone with a bitcoinica account (not just Zhourtang) that saw your original post and worked out exactly what they needed to buy up to to force you into liquidation. It's your own fault for bragging, and posting details that any lurker could take advantage of. This is most probably exactly what happened. Normally people post the P/L% of the P/L$ only, but putting all that info on THE bitcoin forum was simply a dumb move. The person who liquidated you will one day reveal himself and we will all make him a local hero. -Mike |
|
|
|
for sure, it is costing his customers who are now starting to walk away.
I would seriously hope they are. Anyone leaving more than a bit of lunch money on Bitcoinica after all that’s happened is either filthy rich or insane. I think I can now agree with you that Bitcoinica has harmed Bitcoin as a whole, and is continuing to do so. It’s turning this thing into a pyramid scheme. Our biggest clients who trade on 2.5:1 leverage have been fine. We will re-consider our 5:1 and 10:1 options soon. i would hope so; for the sake of the community. I'd rather the 5:1 option remain as I have been using it and have been very conservative with it and it has served me well. If people can't handle the leverage, then they deserve the loss. Don't penalize those (like me) who use leverage properly to take advantage of big dips or peaks and leave enough reserve to cover. 10:1 is crazy, but 5:1 is perfect for many. -Mike |
|
|
|
Serves you right, you greedy piece of shit.
Post of the day IMHO. |
|
|
|
|
I was leveraged 5:1 on bitcoinica, long at base ~6.20 and bought on the crash all the way down, and brought my base to 5.70 and held my ground and will probably escape this crash much better off. I think using the Bitcoinica Helper script is a great tool for anyone doing manual margin trading. If anything, this crash made me more comfortable with Bitcoinica.
-Mike
|
|
|
|
Like everyone else has said. This is a complete waste of time/energy.
Not quite. The reason I ask is because soon I will be changing department and might get a Dell XPS tower with a pretty decent ATI card, so I want to get this working now so that when I get my new stuff I can start mining asap. Also, like I said before, I don't pay for hardware or electricity here. I just need a way to mine around the proxy  -Mike |
|
|
|
|
