Its risky right now, but if you can grab short as close to 5.90 on bitcoinica, and ride it down a bit past the spread till your in the green a bit is decent plan..
Edit, VERY risky, shit is all over the place right now.. but the weekend decline usually happens..
ya, i dont see it going low enough to make this worth while, ill just have to wait a few days to short I would go long in a few days.. fyi, shorting is for weekends..  Also your right, it wont go very low... ya good plan, me I'm going to try and sell about half, iv been sitting on my trades for about 7 days, buy@5.8 5.6 5.2 so it appears to make sense for me to hedge I wish virtex had more volume, but at times there is massive arbitrage ops... But a little more volume would be nice.. ya, it makes pushing coins harder  that's part of the problem. |
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very detailed analysis, I'd bank on it if i had the cash sitting on the exchange... I'm at a tricky spot, holding nothing but bitcoins i can either, sell now and make some profit, or sell later and make even more PROFIT  |
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Its risky right now, but if you can grab short as close to 5.90 on bitcoinica, and ride it down a bit past the spread till your in the green a bit is decent plan..
Edit, VERY risky, shit is all over the place right now.. but the weekend decline usually happens..
ya, i dont see it going low enough to make this worth while, ill just have to wait a few days to short I would go long in a few days.. fyi, shorting is for weekends.. Also your right, it wont go very low... ya good plan, me I'm going to try and sell about half, iv been sitting on my trades for about 7 days, buy@5.8 5.6 5.2 so it appears to make sense for me to hedge |
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Its risky right now, but if you can grab short as close to 5.90 on bitcoinica, and ride it down a bit past the spread till your in the green a bit is decent plan..
Edit, VERY risky, shit is all over the place right now.. but the weekend decline usually happens..
ya, i dont see it going low enough to make this worth while, ill just have to wait a few days to short the weekend thing is intermittent, some weekends people are ready and willing, and i think if anything excessive lows due to people not having money at the right time only leads to recods highs once they do the their money in  |
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I've also noticed, dont be greedy, be happy with any profit, there will be lots of time to trade, baby steps..
Closing in the green and not waiting for it to go a ridiculous amount more profit is usually the smarter move..
in a nutshell, grab what little profit you can when you can and be sastisfied, and start again..
ya ... i learnt that lesson yesterday... i should have taken my 10$ profit at 6$.. now the best bid on virtex is 5.7  mind you 5.7 would mean 4$ profit, but i know they are worth more then that MTGox says they are! LOL i love bitcoin I had a smoke and i thought, bitcoina is bull shit, Z is saying he will lend me money if i play by his rules, F that I have money, i dont need his.... Its safer if you dont over extend yourself. I also messed up on virtex yesterday, an impulse sell on a false signal, and a stupid rebuy higher as the signal didnt come to fruition.. So lost a small amount, a coin or less.. Do yourself a favour and look at the 30 day MACD, you'll see that its bound to swing up eventually, so keep that in mind mid term.. Theres as ebb and flow to the market, weekends usually bring on the slow decline because of the banks being closed, and wednesdays the cash comes in from your typical deposit from the banks, and we have a nice upswing, have saw this now 5 weeks in a row, since I started watching.. after seeing that big buy, i was thinking the up would come sooner rather then later... OH 5.93.. 5.94799 here it comes!  |
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ops made a mistake, only 1.65$ profit at 5.7 I'm starting to lose my cool...  ...SELL SELL SELL!  |
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I've also noticed, dont be greedy, be happy with any profit, there will be lots of time to trade, baby steps..
Closing in the green and not waiting for it to go a ridiculous amount more profit is usually the smarter move..
in a nutshell, grab what little profit you can when you can and be sastisfied, and start again..
ya ... i learnt that lesson yesterday... i should have taken my 10$ profit at 6$.. now the best bid on virtex is 5.7 mind you 5.7 would mean 4$ 1.65$ profit, but i know they are worth more then that MTGox says they are! LOL i love bitcoin I had a smoke and i thought, bitcoina is bull shit, Z is saying he will lend me money if i play by his rules, F that I have money, i dont need his.... |
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ok good advice will, will keep that in mind my first move will be to wait for a good shorting opportunity... say 50$ or so jk.. |
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personally..to zhoutong me you need to get at least under 4.4
recently i want to trade a little less leveraged
Good play... Mine's at 4.70. Still somewhat scary exciting though. is their a price it has to reach b4 you can get 10X your money? or can you at anytime decides to sell / cancel order? bitcoinia just gives you 10 times more to trade with? i know I'm a little late in the game.. i really should go put in a few bitcoin and try out it for myself, just so i know exactly what you guys mean... but if i put 1btc in their and go 10:1 and loss... do i owe 10btc? if so can't i just make another account?  not that i would do that ... but could i ... ignore my stupid questions, ill go try it out for myself this weekend If you deposit 1 BTC, and switch to 10:1, your tradeable balance would be 10BTC. If you went "all in", you would be liquidated before you end up owing too much. You may lose everything though. When you close your position, you make the profit on 10BTC instead of 1. Not turning 1BTC into 10 withdrawl-able BTC oh ok, that makes sense its just the profit i end up with when i choose to close... so Z is lending me money to trade with, the money is his the profits are mine, but if my call gets to risky i lose everything. ill have to give it a try at 2.5:1, for fun. if i sent it bitcoins i can only short? Ya, your always making the difference as profit on the "pretend" 10 coins your borrowing...
So going short, and price is 10 cents lower on ten shorted coins closing your position will earn you 1 dollar USD, I also edited the percents... bitcoiinica has a margin call, and a liquidate percent
The percents are on the Account Settings menu once you sign up
right ok cool, thanks you have to account on maintainance charges into that..plus if your all bitcoin and the price drops, your also losing value of your attainable leverage.. so that compounds the effect.. will liquidate sooner..
sounds like its hard to win |
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personally..to zhoutong me you need to get at least under 4.4
recently i want to trade a little less leveraged
Good play... Mine's at 4.70. Still somewhat scary exciting though. is their a price it has to reach b4 you can get 10X your money? or can you at anytime decides to sell / cancel order? bitcoinia just gives you 10 times more to trade with? i know I'm a little late in the game.. i really should go put in a few bitcoin and try out it for myself, just so i know exactly what you guys mean... but if i put 1btc in their and go 10:1 and loss... do i owe 10btc? if so can't i just make another account? not that i would do that ... but could i 2 percent margin call(loss) on 10 to 1.. 92 percent margin call (loss) on 1 to 1 trading... These are max's So.. on 1 coin, leveraged to 10 anymore than around 2 percent loss and you get a zhoutoung.. i c... so if i go short 10:1 at 5.91 .. if the price goes up to about 6.0282 (5.91 + (0.02* 5.91)) i get zhoutounged. but if the price goes down 10% i can choose to wait for lower lows or take my bitcoin profits now? |
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personally..to zhoutong me you need to get at least under 4.4
recently i want to trade a little less leveraged
Good play... Mine's at 4.70. Still somewhat scary exciting though. is their a price it has to reach b4 you can get 10X your money? or can you at anytime decides to sell / cancel order? bitcoinia just gives you 10 times more to trade with? i know I'm a little late in the game.. i really should go put in a few bitcoin and try out it for myself, just so i know exactly what you guys mean... but if i put 1btc in their and go 10:1 and loss... do i owe 10btc? if so can't i just make another account? not that i would do that ... but could i ... ignore my stupid questions, ill go try it out for myself this weekend |
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cant we just sit wait for the coins to move and follow them everywhere they go? if the go and pay for goods ... ask the merchant where he shipped to. compile some evidence, and then egg his house.. or something |
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awe man, there's only 3-mins...  5.95 no one had time to vote ... the poll as has been reset, for the new day  |
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If you want to show off your speculative powers
post your vote below |
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i want a seven day forecast |
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This was a major market force down so I think we are ready to ramp up.
Nope. The only indicator that matters says go short.  you're very wrong. binary indicators are worthless, and your spamming the forums with this kind of post means that the market is likely already corrected for it. This particular binary indicator is apparently worth quite a lot and is working as well as it ever has. Nobody has the guts to fight against the starfish. Until somebody takes a huge risk with a lot of money the starfish is going to rule bitcoin trading land. EXACTLY! except, they are already testing the boundries as we speak.. i wonder what price would cause Zhoutonganization, my guess is most long positions where taken b4 the spike up and so a long squeeze wouldn't be so disastrous |
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Everyone can hold bitcoin only temporarily. However, even demand just to hold for a short while can increase price. IMO people that regularly, spend bitcoin (temporarily hold coins), have already been factored into the current price. the only way that the bitcoin economy can increase price is, if their is more spending, and this increase in spending is sustained. I think we can all agree that this sale will have little effect on price. but it could be that this sale will cause more people to try Silk Road, and maybe some of those new Silk Road users will become regular customers. I firmly believe that in the future the bitcoin economy will be the driving force behind price. but ATM investors / traders / bitcoinia gamblers set the price. am I underestimation the current bitcoin economy? most likely |
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I'm making way less now. Before I was making ~.40BTC per day, now I'm making .01-.02 per day. Is something going on? That's less that half a percent profit daily :/
cant win'em all |
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lets say that 90% of the merchants of a small country sell their goods for XYZ dollor and then turn around and exchange XYZ dollars for USD XYZ dollars wouldn't be worth much at all why is bitcoin different? I doubt this will have an effect on the price. First, if anyone is buying bitcoins for the sale it is going to take a while and they have most likely done it already. First you need to get money through dwolla to mtgox, then get bitcoins, then send them to SR account. Then, most sellers try to cash out BTC to USD as soon as possible because of the volatility of Bitcoin.
While it is a great sale, it will do little to affect the bitcoin market which is influenced more by investors/speculators/traders.
^ this makes sense to me please explain why we are wrong thank you |
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Is 10% a big deal in this case?
########## - normal price
######### - sale price
##### - 2 for the price of 1
When you're buying something 100$ that's $10 off. Not bad. Also many individual sellers are offering additional sales (some 2 for 1) and free samples for shipping price only. That said I still think it will do little to affect Bitcoin At the very least I am interested in how big of an effect it will have. Did SR announce this sale early enough for users to get money to the exchanges? the only effect buying things for bitcoin has / always will have is providing stability at the current price. buyer buys 10 @ 5.95 1 hour later seller sells 10 @ 5.95 In general, (and you have proven this time and time again) you are a fucking idiot. Growth in demand for goods and services conveniently purchased with bitcoin will shift the demand curve for bitcoin outwards. In the long-run, growth in txn demand will have an overwhelming influence on bitcoin prices. Without txn demand, the price of any currency falls to zero. If short-run things like a "sale" don't influence prices, it is because price is determined by long-run expectations about demand growth. A one-off sale has no effect on long-run expectations. If it did, a sale would provide an opportunity for speculators to buy prior to the sale, sell during the sale, and buy again after it ends. I don't believe in that kind of BS. A permanent 10% reduction in effective silk road prices (for example if silk road's fraud prevention technology improved) would definately boost bitcoin prices. you dont have to be rude sure if their is more demand for goods in bitcoin, then the demand for bitcoin goes up. but the point is the seller wont hold on to the btc, he will sell right away to avoid the volatility. all this dose in increase volume and add support for current price. in the future once bitcoin has a real working economy... the "bitcoin GDP" will have a huge impact on the price. right now it has very little effect if any Let's reduce what you said to its core elements: 1) Growth in "bitcoin GDP" does not affect prices. because merchants do not want to hold on to their bitcoins 2) Once "bitcoin GDP" grows then prices will be affected. Do you understand that you are a fucking idiot now, or are you still confused? No... you don't understand. http://en.wikipedia.org/wiki/Dunning%E2%80%93Kruger_effectRespect |
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