Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[jazzhot]

Buying the whole book would be a great achievement to gain

[grappa_barricata]

I actually wish i had the slightest clue how to leverage trade, the pages just look like a foreign language to me, I have looked at Bitfinex a few times. Huobi seems to offer 200% leverage but i think they have very small volumes available. OKCoin doesn't seem to let you do anything until you're verified enough, which means verifying with ID ,so i didn't even get to see their page. Earlier articles say OKCoin were going to do 3x leverage, i didn't see anything about 10x.

I think the best way is to read about it as much as you can (mostly to understand the basic mechanics and the terminology, it is not that complex), then play with it with toy money, like 0.1 BTC. That way, even if you mess up you don't lose much. Bitfinex is quite nice for margin trading.

[ChancellorOnABrink]

I actually wish i had the slightest clue how to leverage trade, the pages just look like a foreign language to me, I have looked at Bitfinex a few times. Huobi seems to offer 200% leverage but i think they have very small volumes available. OKCoin doesn't seem to let you do anything until you're verified enough, which means verifying with ID ,so i didn't even get to see their page. Earlier articles say OKCoin were going to do 3x leverage, i didn't see anything about 10x.

https://796.com/  5x 10x 20x

edit : if you use this invit https://796.com/invite/do/109105 i get 20% on your trading fees. I'm ok with 10% so if you want a instant 10% rakeback ! I'm your men 

[derpinheimer]

with a billion dollar wall cashing.  

Hahah, yes, a 50k bidwall at $20,000

I wonder how long it would take for:

A: That to be eaten
B: The other exchanges to catch up (assuming the guy only bought on Bitstamp's orderbook, or something)

People would be so hesitant to believe the price really just went up 40 fold

[razorramon]

we'll see soon how much resistance @490 really is...

i'm really looking forward for the panic short closings

the longer they wait the better

[JimboToronto]

I clicked to see what you were responding to and it seems to have been deleted.

Then I noticed there were no posts from Faiiiiling, Dump3er, etc.

Have the FUD spammers abandoned us? Maybe they didn't get paid.

[thefunkybits]

Biggest walls of the day go to Monero XMR   damn that's nice!

[Sandia]

lol going long on Huobi/OKcoin is oh so tempting , i doubt i could get 10x on my holdings, if i did i'd absolutely destroy their orderbook.

It's problem you face as a larger trader.. you have to trade against the momentum really

I enjoy trading small amounts on small $10 swings.  If I make a bad call, it is easy to get out even or at a negligible loss.  Anything over 100-200 coins takes a different strategy, much better execution, and is usually higher risk.

[grappa_barricata]

I clicked to see what you were responding to and it seems to have been deleted.

Then I noticed there were no posts from Faiiiiling, Dump3er, etc.

Have the FUD spammers abandoned us? Maybe they didn't get paid.

They were crushed under the banhammer  

[damnek]

lol going long on Huobi/OKcoin is oh so tempting , i doubt i could get 10x on my holdings, if i did i'd absolutely destroy their orderbook.

It's problem you face as a larger trader.. you have to trade against the momentum really

I enjoy trading small amounts on small $10 swings.  If I make a bad call, it is easy to get out even or at a negligible loss.  Anything over 100-200 coins takes a different strategy, much better execution, and is usually higher risk.

True but leaving capital to trade 100+ coins laying around doing nothing also costs money, that's a cost of missing opportunity elsewhere.

[niktitan132]

Nice to see the price going up.

[Scottsdale]

Say you do have 1,000 coins to toss around....would you guys recommend bot trading?

[JimboToronto]

I clicked to see what you were responding to and it seems to have been deleted.

Then I noticed there were no posts from Faiiiiling, Dump3er, etc.

Have the FUD spammers abandoned us? Maybe they didn't get paid.

They were crushed under the banhammer  

Maybe not. I just saw a Chuckee post in another thread. 

[Sandia]

Say you do have 1,000 coins to toss around....would you guys recommend bot trading?

Why risk trading?  Except obvious price movements, of course.
1k coins is .5M USD.  Within a year or two, you are likely to have 2M USD, and maybe more.

Remember, most traders lose money.

[ChartBuddy]

Explanation

[thefunkybits]

Say you do have 1,000 coins to toss around....would you guys recommend bot trading?

Why risk trading?  Except obvious price movements, of course.
1k coins is .5M USD.  Within a year or two, you are likely to have 2M USD, and maybe more.

Remember, most traders lose money.

I would assume anyone with that amount of coins would know the answer to that question

I wouldnt risk it either...swing trading by hand would probably be most profitable

[ChancellorOnABrink]

Say you do have 1,000 coins to toss around....would you guys recommend bot trading?

Why risk trading?  Except obvious price movements, of course.
1k coins is .5M USD.  Within a year or two, you are likely to have 2M USD, and maybe more.

Remember, most traders lose money.

I see a contradiction here

If you thinks it's gonna rise, why dont use this money with some levrage to win more ?

you talk about 4x so 40x with levrage, enjoy 20M USD

[grappa_barricata]

Say you do have 1,000 coins to toss around....would you guys recommend bot trading?

With that amount of bananas, you can do market making, or even speculative arbitrage. You need software for these things, but not the 'bot' you find around (you need to develop them yourself). And there is bad-ass competition (very bad guys waiting to rape you).
So maybe you better off sniping some big trade once in a while. That can be a hell of a profit anyway.

[N12]

Say you do have 1,000 coins to toss around....would you guys recommend bot trading?

If one has to ask, then no, your bot won't be profitable.

Also, the main factor decreasing its attractivity would be counterparty risk.

[Sandia]

Say you do have 1,000 coins to toss around....would you guys recommend bot trading?

Why risk trading?  Except obvious price movements, of course.
1k coins is .5M USD.  Within a year or two, you are likely to have 2M USD, and maybe more.

Remember, most traders lose money.

I see a contradiction here

If you thinks it's gonna rise, why dont use this money with some levrage to win more ?

you talk about 4x so 40x with levrage, enjoy 20M USD

10X gains = 10X losses.  You misjudge and get hit with 1% move against you? You lost 10% of your collateral.
Trying to buy or sell 10 x 1k coins is nearly impossible due to slippage and liquidity.  Even 1k is very difficult.

I did the math for Bfx once, using the max 3.3X leverage and minimum maintenance requirement.  At an 18% loss, you are liquidated and would be lucky to have anything left.  At 10X margin, it must be 5 or 6%.

Take a look at the daily chart and count all of those 20, 30, 40, 50% spikes down.  Notice that there were several during the November bubble, so even then it wasn't safe to use large margins.