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In all seriousness, what the hell happened last night? We're over 1000 down from when I went to bed. Or is that just the kind of fluctuations we have now?
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Wrong direction now. Goddamnit.  OMG does it really go up and down with portafolio BTC value?? DAMMMMM I LOVE IT! WEEEEEEEEEEEEEEE!!!! I think I need one... Maybe a 2d wall hanging version? |
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Thats also my plan.  All this has a bittersweet taste for me; because I got into bitcoin just 1 week before i registered here.. more than 6 years since that time when i got my first coins,and almost everything got wrong..  but im still kicking and hoping for better times  Ouch, I think some people here, like Arklan, also started in 2011 and supposedly end up with barely anything. But like Rosewater said, if Andreas Antonopoulos can end up with almost no bitcoin and only recently become debt free, then any bitcoiners can end up making wrong calls that eventually see most of their paper wealth to evaporate (and that includes even the current semi-billionaire such as Roger Ver). How do you wipe out your paper money? Did he not keep enough to maintain his lifestyle stashed away in secure assets and went on a reckless spending spree? in my case, longterm under/unemployment and selling my btc before the 2013 spike... and lots of dumb choices. |
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oh hey, found your thread. stumbled on gekko from google. gonna set it up and do some backtesting during the holidays. looks interesting.
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I’m not sure I want to go back up to 19,000. I don’t think I can handle the responsibility. I’m feeling pretty comfortable here.
Honey badger taking a nap? |
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looking back at the last 10 days we can clearly see the bubble popping and the first good attempt at catching the resulting knife.
you can see that when the bubble popped at ~266$ their was a big dip in price without much volume ( everyone let the knife fall )
but now at 80-50$ rang we are seeing HUGE volume spikes when their is any kind of movement up or down.
I think if we are not already at bottom, its not too far down...
What currency are you talking in? 266? 80-50? Wait... 266...why do I feel like that's a familiar number? |
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Well, it's finally here. This is is truly the beginning of the end. And I'm serious. Wall street will put this thing out of its misery once and for all. We'll see 10k before the end of the year for sure. 2018 will be a horror show back below 1k. 2019 will be the year the world tries to figure out just what the hell happened. 2020 the world moves on and bitcoin becomes a memory.
Quoting for reference. I can actually see 10k happening, but it would be a flash crash before a cash grab back up. |
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Smoothie, how come you are so fast to answer everywhere? I am starting to wonder if you have hired people or scripted bots to make your replies. You tend to write a new answer faster than I read the new posts in the interesting threads. Respect. Tongue
who the hell is Smoothie? you didn't quote so no idea what you are on about... If memory serves, which is 50/50 at best, smoothie used to be a poster here, frequently. I'm pretty sure that tongue was as well, and this guy is just reposting a very old post. |
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AAAAAIGHHHHHHHHHH!!!!!
18xxx
IT"S OVER, RUN FOR THE HILLS!!
crap. we're poor again? Already recovered, sorry, not poor. Well, not because of the price anyway. |
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What the... Why did we just drop 1000?!
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well, that pattern i predicted ... sorta... happened again. rose to 17100 (stamp) before dropping. i'll call it a half right.
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Or at might just build a neural network into it and after sufficient testing let the bot make its own decisions.
You looking for AI that gathers market data and makes predictions based on that? There are a few coming out, a few more others that make the claim, and a few with some ICOs. my programmer roommate made a passing mention of building said neural network, that's all. nothing actually planned or anything. The whole energy argument is stupid. It's in the best interests of miners to have the cheapest electricity possible, right? Well, once you pay the up front costs for solar and wind and such, that's basically it, for years. So it's a self solving problem, because miners will seek profit, and they means reducing recurring costs. I mean, with enough solar/wind, even GPU miners would be profitable with btc mining. Sure is only a few hundred Satoshi a day, but so what? It doesn't cost anything!
Oh no you didn't. Run the numbers for us. Show us how right you are. ok ok, so maybe i was exaggerating. god knows i haven't looked at the real numbers myself. but still, my point - miners desire the cheapest electricity, and don't care if it's oil or coal or solar - stands. and since solar and wind don't have the kind of recurring costs that other energy sources do, it should logically be better. is it, with current tech and efficiencies? that's way beyond me to prove or disprove. sorry, i should have been more clear. It's possible they will be like "hello goyim, too much liquidity has left the system and into bitcoin and caused it to collapse. We are now passing a law that you're not allowed to use bitcoin and must use federal reserve digital token instead". Then they get their cashless society slave system + scapegoat for economic collapse in one swoop.
Which would further cement in the public's eye that the Fed is evil and that the U.S. is fully a communist society. Civil disorder ensues, the people rise up and revolt against a corrupt government. FedCoin is rejected by the people. The politicians are rounded up, shot, drawn, and quartered. Bitcoin goes to the moon. Not really the outcome they were expecting, hey r0ach? yay! sign me up. I think I've identified the problem. Someone dumped some Bitcoins. A lot of them. But futures are still to the moon.
ya know ,this sorta explains a pattern i see since futures - after hours trading, prices drop. but by morning, andthrough say lunch, things climb to new highs. monday and tuesday have done this, so far. if i'm right and the price hits an ATH within the next 12 hours, i'll... uh... be amazed, and nothing else, cause i can't think of anything. |
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The whole energy argument is stupid. It's in the best interests of miners to have the cheapest electricity possible, right? Well, once you pay the up front costs for solar and wind and such, that's basically it, for years. So it's a self solving problem, because miners will seek profit, and they means reducing recurring costs. I mean, with enough solar/wind, even GPU miners would be profitable with btc mining. Sure is only a few hundred Satoshi a day, but so what? It doesn't cost anything!
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*grumbling under his breath* stupid futures and their stupid... Whatever they do... Stupid price dropping... Dumb bitcoin, going thy wrong way...
(to be clear, i'm not serious in any manner. Just wondering whats driven stamp down below 16k. And annoyed that my list buy was at 16740 or something...)
But you are the one who sets your buy and your sell orders, right? The top, so far, has been $17,270, so if you been into bitcoin for a while, it seems strange to set buy orders that are so high, no? Just to use myself as an example regarding my orders on bitstamp for today, I had one sell order execute at $15,850-ish, and then I had another sell order execute at $16,850, and then I had a buy order execute at $16k - ish. So, I am a bit unclear how your buy would be so close to the top, unless you sold some near today's top... .. and if you did, then it is not a big deal if you bought some back so high... that is $500 below the top, which is about 3%. Even though my current increments are between 4% and 6%, I used to trade in 1.5% increments, just for practice and just to set up buy and sell orders. I know some high volume and high frequency traders set their bots for less than 1%, but gosh probably need a bot for that, especially with the intensity of these recent price movements. Yea, i'd sold like 40 above the buy a few minutes earlier. It's all worked out nicely now. I actually found an open source bot, gecko something? And have a handful of programmer friends... Gonna get it set up and simply running backtest style, for starters. Then we shall see if my instincts, played by the bot, work in my favor. Or at might just build a neural network into it and after sufficient testing let the bot make its own decisions. Would have done it already, but been busy with work and other chaos. Bots are going to be dangerous because you have to be careful to program in a way that is not going to screw you up. Also, every once in a while, I accidentally hit sell when I meant to buy or buy when I meant to sell. Usually if I discover it within a few hours I can create orders that make up for the loss of the one order accident... but if you get multiple accidents, it could become detrimental to your holdings. Hence the back testing to see how it handles the market without rising real btc. That and my trading is literally 45 usd. |
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Who, me? OK, ok. Stopping. |
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*grumbling under his breath* stupid futures and their stupid... Whatever they do... Stupid price dropping... Dumb bitcoin, going thy wrong way...
(to be clear, i'm not serious in any manner. Just wondering whats driven stamp down below 16k. And annoyed that my list buy was at 16740 or something...)
But you are the one who sets your buy and your sell orders, right? The top, so far, has been $17,270, so if you been into bitcoin for a while, it seems strange to set buy orders that are so high, no? Just to use myself as an example regarding my orders on bitstamp for today, I had one sell order execute at $15,850-ish, and then I had another sell order execute at $16,850, and then I had a buy order execute at $16k - ish. So, I am a bit unclear how your buy would be so close to the top, unless you sold some near today's top... .. and if you did, then it is not a big deal if you bought some back so high... that is $500 below the top, which is about 3%. Even though my current increments are between 4% and 6%, I used to trade in 1.5% increments, just for practice and just to set up buy and sell orders. I know some high volume and high frequency traders set their bots for less than 1%, but gosh probably need a bot for that, especially with the intensity of these recent price movements. Yea, i'd sold like 40 above the buy a few minutes earlier. It's all worked out nicely now. I actually found an open source bot, gecko something? And have a handful of programmer friends... Gonna get it set up and simply running backtest style, for starters. Then we shall see if my instincts, played by the bot, work in my favor. Or at might just build a neural network into it and after sufficient testing let the bot make its own decisions. Would have done it already, but been busy with work and other chaos. |
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*grumbling under his breath* stupid futures and their stupid... Whatever they do... Stupid price dropping... Dumb bitcoin, going thy wrong way...
(to be clear, i'm not serious in any manner. Just wondering whats driven stamp down below 16k. And annoyed that my list buy was at 16740 or something...)
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moved my 0.002 from bitstamp to virwox (and then to paypal... easier way, anyone?) earlier. it got lumped in a transaction totalling 254 BTC and change. the fee was about 250 bucks. on a transaction valued in the millions, which included even my little 30 bucks.
there are ways to move money that do not cost insane amounts. bitcoin is one of them.
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This thing is totally unhinged from the underlying asset. Is that how Wall St. do?
Seems like... Maybe it'll level out in time? |
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Looking at the 24 bitstamp chart, god damn that's a hell of a step rise. Way over 45 degrees...
My God, we have no reason to expect it to stop climbing for thousands of dollars, minus corrections, do we? It could just... Go...
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