EUR or USD? a quick little scalp

[chessnut]

Lets say, if a bull like me just wanted a bit of fiat in his BTCE account at this point in time, would one choose the EUR or the USD? the markets tend to behave just a bit differently.

[MatTheCat]

Lets say, if a bull like me just wanted a bit of fiat in his BTCE account at this point in time, would one choose the EUR or the USD? the markets tend to behave just a bit differently.

If u are in an EU country (u seem British), then a SEPA transaction will arrive in BTC-E much faster....but if u are hoping to catch any support bounce forget it. Even Bitstamp take at least 1 day to process payments.

[chessnut]

Lets say, if a bull like me just wanted a bit of fiat in his BTCE account at this point in time, would one choose the EUR or the USD? the markets tend to behave just a bit differently.

If u are in an EU country (u seem British), then a SEPA transaction will arrive in BTC-E much faster....but if u are hoping to catch any support bounce forget it. Even Bitstamp take at least 1 day to process payments.

I have some coins in BTCE, I just want a couple hundred dollars/euros so I can buy back if we have a healthy little correction here on our hands.
I am a New Zealander and have no real interest in EUR or USD.

[seleme]

Dollars obviously if you just want to buy dips, btc/eur market is tiny on btc-e, no volume at all.

[chessnut]

Dollars obviously if you just want to buy dips, btc/eur market is tiny on btc-e, no volume at all.

good point

[MatTheCat]

I have some coins in BTCE, I just want a couple hundred dollars/euros so I can buy back if we have a healthy little correction here on our hands.
I am a New Zealander and have no real interest in EUR or USD.

USD is where the market action is in that case.

Sell now, set up a buy in tranche for $700 - $720.....definite bounce in that range if we get that far down.......which I think we will.

I have buy-ins at this price range and will exit my short down there also. If you have doubts we will go that far then take your eyes of the USD exchanges and have a little look at Huobi.

[seleme]

Chessnut, whatever you do, do on your own feeling, just don't give a shit about these guys that act so certain to give you a price point of bounce and other crap.

[MatTheCat]

Chessnut, whatever you do, do on your own merit, just don't give a shit about these guys that act so certain to give you a price point of bounce and other crap.

All I am doing is stating my own personal targets. At end of the day, I am not that great and strongly doubt that I am putting forward impeccable forecasts.

Having said that, I have been getting pelters and shit thrown all over me from the hoardes of bulltards on this forum all week....but it seems I was right and they were wrong (again).

[chessnut]

I have some coins in BTCE, I just want a couple hundred dollars/euros so I can buy back if we have a healthy little correction here on our hands.
I am a New Zealander and have no real interest in EUR or USD.

USD is where the market action is in that case.

Sell now, set up a buy in tranche for $700 - $720.....definite bounce in that range.

I can see where you're coming from, but the way I see it, its either gonna bounce at 740 or do a proper fall, say 500.
from experience I think there will be an entry at 805. I dont chase price.

[MatTheCat]

I can see where you're coming from, but the way I see it, its either gonna bounce at 740 or do a proper fall, say 500.
from experience I think there will be an entry at 805. I dont chase price.

There is strong buy wall on Stamp at $750 but that could quickly change. Look at the long term chart going right back to November.

$720 has proven a very significant and pivotal price point everytime it has been visited. I would place my bets on history revisiting itself.

[chessnut]

Chessnut, whatever you do, do on your own feeling, just don't give a shit about these guys that act so certain to give you a price point of bounce and other crap.

amen brother.
Im a holder, and a bull.
I just see a tiny scalp that might be worth risking 2% on.