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Question: 9/19 Closing Price:
0 - 1 (1.6%)
<$10,000 - 3 (4.8%)
$10,000-$10,500 - 2 (3.2%)
$10,501-$11,000 - 13 (20.6%)
$11,001-$11,500 - 19 (30.2%)
$11,501-$12,000 - 8 (12.7%)
$12,001-$12,500 - 7 (11.1%)
$12,501-$13,000 - 2 (3.2%)
>$13,000 - 3 (4.8%)
>$20,000 - 5 (7.9%)
Total Voters: 63

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 22484781 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (148 posts by 37 users deleted.)
jojo69
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February 15, 2018, 02:24:11 AM


Let me get this straight...so Litecoin basically took the Bitcoin code and changed it to Proof of Stake


negative

LTC is a scrypt hash coin...POW
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bones261
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February 15, 2018, 02:24:31 AM
Merited by jojo69 (1)

Some day I will run out of popcorns: https://litecoinca.sh/

I think I should better go to bed already and maybe wake up tomorrow at or really near $10K. We deserve it.

Let me get this straight...so Litecoin basically took the Bitcoin code and changed it to Proof of Stake and raised the max 4 times.

Litecoin cash is taking the Litecoin code and changing it back to Proof of Work...and raising the max 10 times.

Umm...makes total sense.

No Litecoin did not change to proof of stake. They changed the POW algo from SHA256 to scrypt. Now this fork, Litecoin Cash, is changing the POW algo back to SHA256, so you can use your old ASIC. Actually, being able to use your old ASICS is not what is going to happen. There are shit coins coming out all the time with SHA256 POW algo. What happens is that people still use their more modern ASICS. The obsolete ASICS are not going to be profitable, either.
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February 15, 2018, 02:27:45 AM

4b)  and the larger your increments, the more that you make money too.  

No. In general, cutting your interval in half (with a corresponding BTC per interval cut in half) will result in better performance. This is because the volatility will result in additional trades that swing the smaller interval, but don't reach the larger interval. At the limit where volatility is small enough to result in zero additional trades for the smaller interval, the smaller and the larger interval will perform identically. The tradeoff for the smaller interval size is trade fees (none for maker on GDAX), and the amount of time required to manage the system.


Fair enough.  I am calculating all the matters including time and fees like you mentioned, and sure you are correct that the more that you get your back and forth orders to fill, then the more money you make; however, if the price goes running extensively in one direction without reversal (which does seem to happen frequently with bitcoin), then you will tend to make more money in those kinds of runs by having BIGGER increments between your orders.

Our discussion (and disagreement) back and forth on interval size has kind of demonstrated that there can be some individual variation that might not be known or understood exactly until practicing for a while and trying to figure out individual comfort level.  Probably, most people would like to make as much money as they can, but without really knowing the direction of the market, the interval sizes can cause considerable outcome variation that can also be tweaked to individual views of future BTC price volatility performance and also toyed around with a bit on the margins to play around with risk tolerance and gambling tendencies of individuals - even though I think that both you (jbreher) and I tend to be a bit more robotic and systematic with our approach, and find some advantage in sticking with a system that seems to be working for each of us.


5) I tend to recommend to folks to begin by setting your price increments really tight

Or really loose so you don't succumb to panic in the face of the occasional bout of ludicrous volatility. And there will be occasional panic when your are getting accustomed to the system. Your choice.

Generally, I agree with you that loose could work, too, but let me clarify a little bit more about what I am getting at. 

When I suggest a style, I am attempting to share a style that had already worked for me, and therefore, I think that in the beginning, I am trying to get the person to practice a lot and to use small increments and also small amounts... and the more and more the orders fill, the more practice that the newbie gets in order to begin to tweak and to move the increments out further and further and to increase the amounts.

I know that previously, I had accused you of employing newbie techniques with my accusation that more experienced traders should be attempting to employ broader and larger increments.  So, yeah, I was forced to walk that statement back a little bit, and I do currently acknowledge that on a personal preference level you could work yourself from looser to tighter rather than my suggestion to work from tighter to looser.

In the end, individuals can hopefully get used to the whole matter and attempt to find a system that suits their preferences in terms of how much time they are spending on setting and resetting orders in comparison with how much benefit is coming from that activity in terms of either profits or providing volatility insurance.




7) Even Jbreher and i have had little skirmishes about the "right" practice

Meh. From what I can gather, we are using systems that are essentially identical, though we have chosen different values for the parameters. (Incidentally, 'skirmishes'? Far be it from me to tell you how to run your biz.)


I think that you are just saying this because Valentines Day has gotten to you.   Kiss




and the bigger your amounts the bigger your wins.  

Well, the larger each win. But you'll have less wins than if you are using a smaller increment. Indeed, the larger increment can do no better in any case than the smaller interval. See 4b above.

I repeat myself too that if there is a large run on the price in one direction, then you are likely in a better position to profit more from larger increments, but I agree that smaller increments would perform better when there is a lot of back and forth in the price.. so in that regard, if you believe that we are about ready to break in one direction or another, then it may do you better to set your increments larger.. but you could end up being wrong, and then if we are caught in a zone unexpectedly, which also happens, you may have done better with smaller increments.
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February 15, 2018, 02:52:51 AM

We've got movement, lets see if this can get past 10K. The volume feels about right.
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February 15, 2018, 02:55:18 AM

If bitcoin doesn't break $9500 this week we all fail. as humans

9600 on polo, humans are still OK  Grin
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February 15, 2018, 02:56:56 AM

BlindMayorBitcorn
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February 15, 2018, 02:57:24 AM
Merited by Karartma1 (5)

If bitcoin doesn't break $9500 this week we all fail. as humans

9600 on polo, humans are still OK  Grin

We probably all still fail as humans, just for other reasons. Smiley
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February 15, 2018, 02:58:41 AM

ETH seems to be falling farther behind BTC now. Was better than 1/10th during the crash... now less than.
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February 15, 2018, 02:59:04 AM

Rosewater?

You can come out now.


Good luck with that.
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February 15, 2018, 03:02:25 AM

Rosewater?

You can come out now.


Good luck with that.

Um...Jay...
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February 15, 2018, 03:11:42 AM

ok kids. Ive officially changed my diet to large servings of crushed bear soul
Sill have open long
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February 15, 2018, 03:12:08 AM

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February 15, 2018, 03:18:19 AM
Merited by BlindMayorBitcorn (20)

-snip-

My cat's rocket pack!  Hand that back over right now.

+1 WOsMerit
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February 15, 2018, 03:18:52 AM

Crazy movement for sure. Just yesterday I was trading my trade stash LTC at 155 to 160 dollars.   Sold it at 215.  Switch it to BTC at the 9087 dip and they both going up since.  Now, I'm not touching crap until the rockets runs out of fuel.
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February 15, 2018, 03:21:16 AM



Applies to the Bitcoin market too. I.E., we are in a drawdown right now. Due to a 60% correction, normies are walking away from a market that will once again explode in the next few years to a new unimaginable ATH.

The move from the $1200 ATH to the $20k ATH was unimaginable. In the future it could make a move from the $20k ATH to a new $400k ATH, although it seems unimaginable now.

Small potatoes to 2013's  $12 to $1200...
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February 15, 2018, 03:22:07 AM

oh my

so much for our orderly channel
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February 15, 2018, 03:22:15 AM

why cant I give away my merit?
How do I swap it for an Smerit?

It's a sticky merit. You can't get rid of it. You will have to wear it forever as a badge of shame.


hahahahaha


Yep... a life long commitment to merit a troll.... hahahahahaha...   

It's like a one night stand that you regret, except it goes on the public ledger..    Cheesy
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February 15, 2018, 03:27:02 AM



Applies to the Bitcoin market too. I.E., we are in a drawdown right now. Due to a 60% correction, normies are walking away from a market that will once again explode in the next few years to a new unimaginable ATH.

The move from the $1200 ATH to the $20k ATH was unimaginable. In the future it could make a move from the $20k ATH to a new $400k ATH, although it seems unimaginable now.

Small potatoes to 2013's  $12 to $1200...

I wasn’t even born in 2013.
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February 15, 2018, 03:28:07 AM

LOL!

I just found a bonus LTC

in the frenzy yesterday I had put it for sale for 203BTC instead of .0203BTC

what should I do with it WO?
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February 15, 2018, 03:30:28 AM

this moment 39 voters and not 1 @ <7000 Huh   Huh
nice i guess  

Actually, there are now 50 votes, and none is under $8k... go figure?  We could not all be wrong, could we?

Where are all the fucking bears, did they all go to r/btc and abandon us in our bull-ish circle jerk?    Cheesy Cheesy Cheesy
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