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sounds fun! may i ask how this whole alpaca + bitcoin thing started?
edit: nm watched that vid
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Are there any peer 2 peer poker platforms?
that would be very novel for us yanks |
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dont FPGA's hold high resell value?
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$200 profit is now a $100 profit...  Every single loss I've had was while asleep... someone get me some fucking meth. use jessis tool |
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Hey Zhou, you know that if you write up documentation on exactly how Bitcoinica works, and post it on your website, you'll get a lot fewer questions, and have less confusion about your site?
This!~ I was even in #bitcoin-otc yesterday putting up a bounty for a good youtube video tutorial! |
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isn't there something productive that could be done with those skills?
Sure there are, but what I was going to use them fell through. So now I'm offloading them. Shit happens, mine as well make lemonade from the lemons, eh? excuse my ignorance but what do people generally use these for? and dont tell me you did all that by hand...you setup some type of script, yes? |
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btw: have you checked out some of the other tables? There is some interesting stuff that gets uploaded.
like what? |
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i hope zhoutong seriously considers starting their own exchange. and keep it open to people who dont necessarily want to use bitcoinica. I think it's time to have another poll about a potential change. Honestly we're still exploring options, but we definitely want your opinions!
A lot of people have chosen "Bitcoinica Independent Exchange" (it will be renamed to something different), I will simply share my ideas for this:
- Insanely low fees, like 0.1%. (Because we have no profit pressure.)
- Websocket API
- BitInstant support
- TCP-based API
- Rackspace Cloud Co-location (1ms to our server)
- Redis-based trading engine (thousands of orders per second)
- Full access to Bitcoinica's limit order liquidity
- Fully independent (You don't have to use Bitcoinica to use the exchange.)
only problem i see arising is 80%+ of the market will prob just switch from mtgox and volatility will be the same. hopefully this would give mtgox the incentive to improve though. |
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the only problem i have with bitcoinica is it seems to make it easier for people with medium sums of money to cause huge swings. its my belief that massive swings will deter new adopters who are not purely interested in it for speculation.
but hopefully the new brackets will deter this somehow
i just wish mtgox would implement stop loss orders (is that what its called?)
New adopters who want to use it for trade may be startled by it, but then they will look at what happened afterwards. If we crash here, you may have a point. I don't think that will happen. What the volatility will bring is sharks looking to profit when it spasms. The don't have to touch bitcoin at all until someone drops it. They buy it back up to save the confidence of the longer term investors, then drop them as soon as the permabulls get overconfident. The way to grow is to tempt these players to cash out their bitcoins for things other than USDs. but do we really want it like this? i was about to make some flippant comment but i'm glad i took a moment longer to think about what you posted.
you're right. just look at the COMEX or LBMA in gold futures. the billions that flow through those exchanges alone each day are comparable to most currencies and really are just gambling sites on the price of gold/silver.
there's no economy there. just speculation on future price.
its quite conceivable that Bitcoinica represents a baby version of this.
Are you finally warming up to Bitcoinica? It certainly has some issues, but at least they are well known (in part thanks to you) and Zhoutong is very active on the forums. perhaps i am. i made a post in the proposed exchange thread that i think Zhou should set up an independent exchange. it would be good for the community i think. most of the issues i have with Bitcoinica have to do with the separation from mtgox and the price delays. its too easily gamed as i know firsthand. all that all goes away if he brings one in house. i have also observed how he is readily accessible and truly wants to help his customers and the community even tho the way it is structured now has hurt a lot of smaller traders. i agree, an "in house" marketplace for bitcoinica would probably solve many problems. |
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it is important to remain agile in technical analysis.
once we saw that the triangle interpretation was not what the marked respected, we issued a short term alert, on time before the drop.
for people who got the email, but did not check their email account in time, how would you advice the best way to get alerts? thanks i would setup a gmail filter and set my smartphone to alert me when said filter receives an email. That's possible? Nice! Does this also work on iPhones? I have an Iphone 4, and although I do receive mails automatically on my phone, I sometimes miss them, only to find out I've got a mail an hour later. Could be the difference between a good trade, and a late trade  Would be great if I got some kind of warning sound if I got a mail from s3052 specifically! id use this with it http://www.site2sms.com/default.asp |
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the only problem i have with bitcoinica is it seems to make it easier for people with medium sums of money to cause huge swings. its my belief that massive swings will deter new adopters who are not purely interested in it for speculation. a retailer could go bankrupt quickly if the price were to plummet over night. we're lucky that didnt happen
but hopefully the new brackets will deter this somehow
i just wish mtgox would implement stop loss orders (is that what its called?)
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thx For example... As you can see it does not always signal a short term price increase but it does so frequently.  hmmmm |
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<chsados> phantomcircuit my theory is that bot manipulating the price of mtgox/bitcoinicas instant buy buttons
<chsados> hoping to get mtgox buyers who dont check the order book
<phantomcircuit> chsados, my theory as well
<chsados> i also thing the bot is putting in medium sized buy orders when theres not much activity to jump the price up to move it closer to its large sell wall |
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^ i would be honored if you used anything ive said if you deem in beneficial  |
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You would do better for short-mid term trading by paying attention to hourly RSI. Do you want to simply wait for price to move one way or the other, or would you rather take advantage of the many profit opportunities that occur while others are waiting it out?
If you know the right answer to that question then you understand why Bitcoin exchange will continue to attract new money...
I'm not a day trader. Hourly is too quick (though it useful to time trade once daily is oversold and I want to catch a down spike). I'm looking for bigger moves over the course of several days/weeks that I can scale in and out of. This suits me better, or I end up trading emotionally. Then you are a 'swing trader'. In that case you should still find the hourly RSI a lot more useful to you than the weekly RSI. where do you find hourly RSI? i only see daily on bitcoincharts |
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it is important to remain agile in technical analysis.
once we saw that the triangle interpretation was not what the marked respected, we issued a short term alert, on time before the drop.
for people who got the email, but did not check their email account in time, how would you advice the best way to get alerts? thanks i would setup a gmail filter and set my smartphone to alert me when said filter receives an email. |
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