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Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore
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on: May 30, 2013, 12:39:49 PM
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ouch Dear Mt. Gox Customers, In order to comply with strict anti-money laundering regulations we are now requiring account verifications for all accounts performing non-Bitcoin currency deposits and withdrawals. Please see our statement for the full explanation: https://mtgox.com/press_release_20130530.htmlBest regards, Mt. Gox Team  If anything this is good news in terms of Gox making sure they meet all the guidelines to avoid being "Seized by government" as far as i can see. |
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Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore
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on: May 20, 2013, 03:37:01 PM
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Id quite happily be trading between mtgox\btc-e but there isnt a quick and easy way to move $ between the two... especially when your from the UK.  unless someone wants to enlighten me?? I've made a couple of successful trades via: Sell BTC on Ripple -> Fiat to BitStamp -> Buy BTC at Bitstamp. Rinse and repeat. Fiat transfer was super quick too. BUT..there is almost no liquidity in Ripple, so selling at near MtGox prices is difficult and took most of the day just to pull off 2 trades that were worth the effort. The good news is I really only paid a fee at Bitstamp so the potential is there and I could sell a bit lower but, just not enough trades happening from Ripple to really take advantage yet. Thanks for the reply |
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Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore
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on: May 14, 2013, 05:12:00 PM
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For the past 8 days the rate has been unusually steady hardly any fluctuations, I can see a pump and dump is due within the next couple of days> I expect the price to increase a moderate 5-10% more then we will see a sudden dump with a 30% fall then a steady increase as people get out their poop scoopers to collect the cheaper coins that others lost shitting their pants
I have to agree with you. A sell order at the ready in the early 130s would be a safe bet.. We shall see! |
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Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore
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on: May 08, 2013, 12:15:27 PM
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Well, I aim for 3% increase in BTC volume per day, so since I have just bought the BTC at $112.5, it's not worth cutting my losses at $110, as it will take longer to recover them. Anyway, the downward trend seems to have lost momentum, and is turning back upwards. I'm trying to make my initial buy-in of 6.2 bitcoins* into enough to quit work - I'm at 16.7 now, after 2.5 weeks, so eventually I will manage it - if only I can purchase and sell at the right time for once. I'd rather take my time, and tread carefully. I have slipped back too many times this week (I had 22.5 BTC at one point, then held cash due to a badly timed sell, as it shot up on the 3rd while I was asleep. I tried to recover by buying in late, just as it peaked again - I lost about $500 that day) The thing is, I have very limited resources, and I really don't think it will drop much below $110 again any time soon, so I'd rather not risk it. * I bought those (literally) 15 minutes before it plunged from $250.... You are really saying you want to quit your job and live on trading 16.7 BTC? I don't understand. How much money do you need to live per month? $300? No, what I am saying is... if i can make a 3-4% profit every day - after roughly 140 days, I'd have approx. 1000 BTC. THEN I can quit work - as a 1% profit (after fees) every day would get me 10BTC per day - or (at todays prices) $1200 per day. THAT is why I'm willing to do little trades for now, just to get to that target. - THEN I can quit my job. Good luck, wish I was in your position! |
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