BTCurious
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December 14, 2011, 09:51:46 AM |
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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?
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zby
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Activity: 1592
Merit: 1001
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December 14, 2011, 09:57:32 AM |
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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
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BTCurious
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December 14, 2011, 09:58:06 AM |
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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
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old_engineer
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December 14, 2011, 10:34:43 AM |
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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!
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BTCurious
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December 14, 2011, 10:43:55 AM |
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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?)
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notme
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Merit: 1002
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December 14, 2011, 10:50:47 AM |
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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.
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old_engineer
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December 14, 2011, 11:22:44 AM |
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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.
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molecular
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December 14, 2011, 02:06:34 PM |
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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?
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PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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RyNinDaCleM
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Legen -wait for it- dary
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December 14, 2011, 05:10:48 PM |
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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!!!
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molecular
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December 14, 2011, 10:46:26 PM |
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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 --- f inally --- equil ibrium"
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PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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notme
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Activity: 1904
Merit: 1002
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December 15, 2011, 01:38:20 AM |
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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
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RyNinDaCleM
Legendary
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Activity: 2408
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Legen -wait for it- dary
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December 15, 2011, 03:50:33 AM |
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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 --- f inally --- equil ibrium" 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!
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notme
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December 15, 2011, 04:43:43 AM |
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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.
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barbarousrelic
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December 15, 2011, 02:37:44 PM |
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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.
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Do not waste your time debating whether Bitcoin can work. It does work.
"Early adopters will profit" is not a sufficient condition to classify something as a pyramid or Ponzi scheme. If it was, Apple and Microsoft stock are Ponzi schemes.
There is no such thing as "market manipulation." There is only buying and selling.
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notme
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December 15, 2011, 02:49:16 PM |
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Also true, unless you add constraints to when it's "allowed" to trade.
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BTCurious
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December 15, 2011, 03:31:57 PM |
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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.
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barbarousrelic
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December 15, 2011, 07:52:07 PM |
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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.
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Do not waste your time debating whether Bitcoin can work. It does work.
"Early adopters will profit" is not a sufficient condition to classify something as a pyramid or Ponzi scheme. If it was, Apple and Microsoft stock are Ponzi schemes.
There is no such thing as "market manipulation." There is only buying and selling.
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jojkaart
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December 15, 2011, 07:54:55 PM |
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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.
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notme
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December 15, 2011, 11:23:56 PM |
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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.
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kokjo
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You are WRONG!
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December 16, 2011, 08:59:46 AM |
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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 %
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"The whole problem with the world is that fools and fanatics are always so certain of themselves and wiser people so full of doubts." -Bertrand Russell
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