Bitcoin Forecast, Bitcoin Speculation & Bitcoin Technical Analysis. Up or DOWN?

[BTCurious]

We found the Manipulator Stabilizer!

It's been really funny seeing people complain about market volatility literally every time I'm not stabilizing the market, like this past weekend when I was otherwise occupied.

Can I subscribe to your newsletter to find out when you're occupied?

[1714200565]

1714200565

[1714200565]

1714200565

[1714200565]

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[zby]

We found the Manipulator Stabilizer!

It's been really funny seeing people complain about market volatility literally every time I'm not stabilizing the market, like this past weekend when I was otherwise occupied.

Can I subscribe to your newsletter to find out when you're occupied?

He admitted that he is now out of BTC needed for the stabilisation

[BTCurious]

We found the Manipulator Stabilizer!

It's been really funny seeing people complain about market volatility literally every time I'm not stabilizing the market, like this past weekend when I was otherwise occupied.

Can I subscribe to your newsletter to find out when you're occupied?

He admitted that he is now out of BTC needed for the stabilisation

BUY BUY BUY

[old_engineer]

We found the Manipulator Stabilizer!

It's been really funny seeing people complain about market volatility literally every time I'm not stabilizing the market, like this past weekend when I was otherwise occupied.

Can I subscribe to your newsletter to find out when you're occupied?

Hah, I hadn't realized that my goal of a boring market would impact speculators that want volatility, and would get bored watching a line that doesn't move.  Sometimes I feel dense.

Looks like 2 days without a rise was enough to curb the enthusiasm, and the price has actually dropped a little.  The weekend is coming! The weekend is coming!

[BTCurious]

So, during the weekend it goes down, if and only if old_engineer is paying attention?

Edit: It's going down. Now that you're out of bitcoins, you could stabilize it upward a bit (Or maybe you're already doing that?)

[notme]

We found the Manipulator Stabilizer!

It's been really funny seeing people complain about market volatility literally every time I'm not stabilizing the market, like this past weekend when I was otherwise occupied.

Can I subscribe to your newsletter to find out when you're occupied?

Hah, I hadn't realized that my goal of a boring market would impact speculators that want volatility, and would get bored watching a line that doesn't move.  Sometimes I feel dense.

Looks like 2 days without a rise was enough to curb the enthusiasm, and the price has actually dropped a little.  The weekend is coming! The weekend is coming!

Hey, maybe you can buy back in sooner than you expected... we just lost a dime or two.

[old_engineer]

Hey, maybe you can buy back in sooner than you expected... we just lost a dime or two.

I'm peanuts compared to these guys with 20-50k btc walls. They set the price, and I work within the price they set.  My modus operandi of 100-300 btc buys is just noise.

[molecular]

I think I can speak for all Bitcoin users around the world that we certainly appreciate such a magnanimous gesture.

It's not entirely magnanimous since I just cashed out at a slight profit, making up for all my losses on the way down from $17.  But it'll be nice to not watch the charts like a hawk for a while, kind of looking forward to it, really.

We found the Manipulator Stabilizer!

It's been really funny seeing people complain about market volatility literally every time I'm not stabilizing the market, like this past weekend when I was otherwise occupied.

btw: I've been experimenting with a trading bot idea in summer. Named it "equilibrium trading". It aims to make trades so that the following is true:

<btc balance> * <exchange rate> = <usd balance>

This should have a stabilizing effect while taking advantage of volatility of a certain frequency range (given by the treshold at which it will put orders), right?

[RyNinDaCleM]

btw: I've been experimenting with a trading bot idea in summer. Named it "equilibrium trading". It aims to make trades so that the following is true:

<btc balance> * <exchange rate> = <usd balance>

This should have a stabilizing effect while taking advantage of volatility of a certain frequency range (given by the treshold at which it will put orders), right?

What happens when you hit exactly 50/50? The bot will break!!! 

[molecular]

What happens when you hit exactly 50/50? The bot will break!!! 

No, but you might hear a relieved sigh and a voice from the off (imagine Rick Falkvinges deep, slow, drawn out intonation and scandinavian accent here): "aaaah --- finally --- equilibrium"

[notme]

btw: I've been experimenting with a trading bot idea in summer. Named it "equilibrium trading". It aims to make trades so that the following is true:

<btc balance> * <exchange rate> = <usd balance>

This should have a stabilizing effect while taking advantage of volatility of a certain frequency range (given by the treshold at which it will put orders), right?

What happens when you hit exactly 50/50? The bot will break!!! 

I would assume the bot would simply wait for it to unbalance

[RyNinDaCleM]

What happens when you hit exactly 50/50? The bot will break!!! 

No, but you might hear a relieved sigh and a voice from the off (imagine Rick Falkvinges deep, slow, drawn out intonation and scandinavian accent here): "aaaah --- finally --- equilibrium"

I would assume the bot would simply wait for it to unbalance

Yeah, I wasn't thinking. It would only be a problem if exchange rate were static.
When in actuality, if it drops, bot buys. If it goes up, bot sells.
Derp! 

[notme]

Yeah, I wasn't thinking. It would only be a problem if exchange rate were static.
When in actuality, if it drops, bot buys. If it goes up, bot sells.
Derp! 

Right, and in general, any strategy is essentially

BTC*RATE = A*USD

Where A or alpha is less than 1 for a "short bitcoin" strategy and greater than 1 for a "long bitcoin" strategy.

[barbarousrelic]

I think I can speak for all Bitcoin users around the world that we certainly appreciate such a magnanimous gesture.

It's not entirely magnanimous since I just cashed out at a slight profit, making up for all my losses on the way down from $17.  But it'll be nice to not watch the charts like a hawk for a while, kind of looking forward to it, really.

We found the Manipulator Stabilizer!

It's been really funny seeing people complain about market volatility literally every time I'm not stabilizing the market, like this past weekend when I was otherwise occupied.

btw: I've been experimenting with a trading bot idea in summer. Named it "equilibrium trading". It aims to make trades so that the following is true:

<btc balance> * <exchange rate> = <usd balance>

This should have a stabilizing effect while taking advantage of volatility of a certain frequency range (given by the treshold at which it will put orders), right?

Unless you have an enormous amount of Bitcoin or dollars, this bot would quickly run out of either Bitcoins or dollars.

[notme]

Also true, unless you add constraints to when it's "allowed" to trade.

[BTCurious]

Unless you have an enormous amount of Bitcoin or dollars, this bot would quickly run out of either Bitcoins or dollars.

I don't see why this should be so.

[barbarousrelic]

Unless you have an enormous amount of Bitcoin or dollars, this bot would quickly run out of either Bitcoins or dollars.

I don't see why this should be so.

Ah, I misunderstood what you intended the bot to do. You would never run out of either Bitcoin or dollars, but as the price varied further from the price you were trying to stabilize to, your bot would become asymptotically less effective at moving the price.

[jojkaart]

Unless you have an enormous amount of Bitcoin or dollars, this bot would quickly run out of either Bitcoins or dollars.

I don't see why this should be so.

Ah, I misunderstood what you intended the bot to do. You would never run out of either Bitcoin or dollars, but as the price varied further from the price you were trying to stabilize to, your bot would become asymptotically less effective at moving the price.

You're still misunderstanding, the bot has no price it's trying to stabilize to. It only reacts to rebalance the equation by selling or buying when the price changes.

[notme]

It would still lose without constraints due to fees and market volatility.  But if you restrict it to only buy when oversold and only sell when it's overbought and you should do pretty well.

[kokjo]

It would still lose without constraints due to fees and market volatility.

it would not lose to fees. you could say that the bot should only trade when price had moved a certain %