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1221  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 02, 2014, 01:54:32 AM
So, playing with margin has been fun, but now all it says is "System buy limit reached"

Is this a normal thing? Or am I getting zhou-tonged?

Whats your margin level?  10:1

using metatrader? No. using btc.sx

How many orders. Just closed a bunch of shorts, now can't place any longs.
1222  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 02, 2014, 01:45:29 AM
So, playing with margin has been fun, but now all it says is "System buy limit reached"

Is this a normal thing? Or am I getting zhou-tonged?
1223  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 01, 2014, 05:21:43 AM
$650 on stamp should fall pretty soon. Huobi is acting like it wants a go too.

I dunno, this feels like the chop.



I can't tell if it's moonshot -> http://www.youtube.com/watch?v=WMQg546agpU

or waterfalls? -> http://www.youtube.com/watch?v=2QptmMGtzo4

it's like 'choose your own adventure'
1224  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 01, 2014, 03:02:17 AM
It may just be me but “I’m not at liberty to say why" implies something went wrong.
They lost the private key or accidentally sent the funds to the Bitcoin Eater address.

They will likely wait until the bidder's fiat clears before they send, I'm assuming they didn't have to wire funds until they were notified they had won, so legacy banking speed means we might see the coins move sometime before the end of the week?
1225  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 01, 2014, 02:48:26 AM
Quote

“The award process is ongoing,“ Donahue said.

“Not today,” confirmed another spokesman for the Marshals Service. “I’m not at liberty to say why. The process is still ongoing,” he said.

http://nypost.com/2014/06/30/feds-put-bitcoin-auction-bidders-on-hold/

How can you screw up a simple auction?

Can you confirm a screw up occured?

Didn't think so.

There are several practical reasons they might delay the final results.

For example: it takes a while to get the subpoenas ready. ;-)
1226  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 01, 2014, 01:47:12 AM
It's nice that my alarms actually worked for once, now how to figure when to close open positions...

Should one just close now and take the profits?

Or do you just let it run and continue to let the fees eat away at profits?

Sorry for noob questions.

dear noob. If you're a noob, maybe you shouldn't use leverage.

Also: if you take profit in USD you're doing that bitcoin-thing wrong.

Please consider the option of closing your leveraged long position and just buying some bitcoin outright. No continiual fees attached.

Thanks molecular, sorry I wasn't more clear, I've just started playing with leverage on btc.sx -it's a pure bitcoin play.

I'm all out of fiat, and my mining income just isn't cutting it for me anymore, so I figured leverage looked fun.

Thanks for the advice anyways tho

Yeah, I think molecular was a bit harsh here.

To answer your question: going long on leverage in btc is slightly less dangerous to begin with than going short on leverage, but even the latter _can_  make sense, if used very, very controlled.

In your case, you're making a bit of a gamble that I personally wouldn't do: you are betting big (leverage) on a major breakout, but you don't know yet if that'll happen. I would probably suggest to close the leveraged position (and take profit in USD), but (if you have the time) get back into it once the breakout is confirmed. That would for example be breaking the daily SMA200 conclusively, and almost certainly breaking the previous 680 top. In that case, there'd be almost certainly enough upwards momentum to warrant a leveraged long position, even if you're comparably risk averse.

I am however assuming you're not leveraged beyond factor 2 or 3, right? Don't know what btc.sx offers...

Thanks Oda.  'edit=I'm trading 10 to one on experimental size bets.'

Quick question, do you normally have to pay any interest or fee to hold on to a bet that is in a positive position?
1227  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 30, 2014, 07:53:13 AM
It's nice that my alarms actually worked for once, now how to figure when to close open positions...

Should one just close now and take the profits?

Or do you just let it run and continue to let the fees eat away at profits?

Sorry for noob questions.

dear noob. If you're a noob, maybe you shouldn't use leverage.

Also: if you take profit in USD you're doing that bitcoin-thing wrong.

Please consider the option of closing your leveraged long position and just buying some bitcoin outright. No continiual fees attached.

Thanks molecular, sorry I wasn't more clear, I've just started playing with leverage on btc.sx -it's a pure bitcoin play.

I'm all out of fiat, and my mining income just isn't cutting it for me anymore, so I figured leverage looked fun.

Thanks for the advice anyways tho
1228  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 30, 2014, 07:27:03 AM
It's nice that my alarms actually worked for once, now how to figure when to close open positions...

Should one just close now and take the profits?

Or do you just let it run and continue to let the fees eat away at profits?

Sorry for noob questions.
1229  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 30, 2014, 12:06:23 AM

The 500 BTC wall has been there for like a day. Unless it was pulled in between the hours I checked, it never left. It's real and has been getting chewed on a bit. But it hasn't been pulled..... we'll see if anyone is willing to buy it.

Market trying to touch 600 mark again, there is 457 coins wall, I think this time it will break.

I'm not watching it real closely, but it seems to me that it's been more than just chewed, it's been gobbled up a few times and it just keeps getting replenished.

It's a little scary to think that someone has an almost never ending supply and appetite to sell at that level... I actually expected the wall was there to keep the price in check before the auction, but I'm not sure I understand the motivation behind the wall now that the auction is over.
1230  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 29, 2014, 01:43:25 PM
And now for something completely different

http://youtu.be/WMQg546agpU
1231  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 28, 2014, 03:05:05 AM
Amazed that the prices have been so solid with the auction stuff...as always though HODL

we wont go past 600 until the winning bid is revealed

To late, already went to 604.

It only touched $600 for a few minutes on BitStamp, though, and then went back down.

Point?

point is that sideways motion is the least likely outcome from this.

this is the time to place your bets.

I should have made a bet to fade mat just out of principle, or is it superstition?

anyways, here is my first foray into leveraged betting. *following mat's lead*



good luck and never fool yourself, it's all just bets.
1232  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 28, 2014, 01:45:33 AM
it's almost like there's a never ending selling pressure at 600.

almost like someone knows they just won an auction at less than 600  Wink


**edit*&&

or maybe like someone just won a bid at over 600 and is trying to raise the funds to pay for the bid?

 Huh
1233  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 28, 2014, 01:13:04 AM
Bitfinex never got an ID for my registration. Although I am not fully verified and I take my profits in bitcoin and they go straight to paper wallets monthly. Im sure to set up bank accounts and such requires ID but not for bitcoin/litecoin in and out only.

thank you, that is pretty cool, but I thought I heard recent reports of extra verification required to withdraw bitcoin, even from people who were already registered...

I'm definitely going to check it out tho, thanks again.
1234  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 28, 2014, 12:49:53 AM
btc.sx <- is this ligit?

I read the FAQ, but I'm already drunk and I don't quite understand, but it seems legit.

plus it seems to be Bitcoin only, I haven't yet seen a deposit or even a balance for fiat. in fact, it doesn't look to have any ties on the customer end to fiat at all.

just plain old bitcoin betting  Grin

I'm seriously curious, has anyone tried this out yet?

Yes I've tried it and it's shit.

I mean technically is legit and all, it's not a scam per se, but the spread is astronomical and it is 1:10 leverage only. Meaning that if the price goes 10% against you (actually less, because of the spread) you get margin called.

Bitfinex is a lot better.

Thanks for the input, much appreciated.

they have 1:5 and 1:2 now as well, but yeah, if the price goes against you, then you lost your bet, it sucks.

if the price goes in your favour, you win your bet and life is good again.

or at least that's how it seems to me, I kinda understand how margin works but I've never done it, so I think I should.
1235  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 28, 2014, 12:37:27 AM
btc.sx <- is this ligit?

I read the FAQ, but I'm already drunk and I don't quite understand, but it seems legit.

plus it seems to be Bitcoin only, I haven't yet seen a deposit or even a balance for fiat. in fact, it doesn't look to have any ties on the customer end to fiat at all.

just plain old bitcoin betting  Grin

I'm seriously curious, has anyone tried this out yet?


Why not just use bitfinex? There are futures contracts at icbit.se, and plus500 and avatrade can offer you usd based exposure.

does bitfinex require more than an email address for registration?
1236  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 28, 2014, 12:28:31 AM
WTF MAT?? Why aren't we going doooooowwwwwwwnnnnnnnn??

Don't worry, I just made another one of my impulsive no logic rush of blood to the head trades and went long at $600. So things should start turning to the downside pretty soon I would imagine.

The last carefully considered long position I took was at $560..........but sitting staring at the 15 minute chart with my nose 1 inch away from the screen, I noticed some whale made a big fucking 500 BTC dump, so I cashed out my position at $560...2 days later, $600, some $15 above my $585 target....

See....there we go...down to $593.88 within ten minutes of me taking my long position. You can always rely on the market to go the exact opposite way of these impulse trades that I tend to make and seem incapable of exercising any control over.

obviously below 600 would have been better, but it's still a good bet I think. just try not to sell too early, it's gonna be a rough ride.

Also, I figure you'd be a good one to ask since you trade leverage. what do you think of https://btc.sx Huh how do I enter a long position if I can't bet fiat?
1237  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 28, 2014, 12:20:21 AM
btc.sx <- is this ligit?

I read the FAQ, but I'm already drunk and I don't quite understand, but it seems legit.

plus it seems to be Bitcoin only, I haven't yet seen a deposit or even a balance for fiat. in fact, it doesn't look to have any ties on the customer end to fiat at all.

just plain old bitcoin betting  Grin

I'm seriously curious, has anyone tried this out yet?
1238  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 27, 2014, 11:57:49 PM
I'm thinking about starting to play with leverage, has anyone checked out btc.sx yet?
1239  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: June 27, 2014, 05:05:00 AM


Yeah, pretty much every other ASIC manufacturer makes KNC look like amateurs. They may have been first with 28nm and 20nm but everything else about their miner design is of embarrassingly poor quality.

pretty much, but for anyone that has noise as a limiting factor, can you recommend any better miner?
1240  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: June 27, 2014, 04:44:07 AM
I just whipped this little number up for possible use on a Neptune.

I am considering upping it to 16AWG and HCS pins but only if there is demand for it.



dude, I was waiting for this. upgraded model please, 16 gauge wires and I don't know what HCS pins are but I'll take it.

how much?

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