TERA
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November 13, 2013, 07:28:30 PM |
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What did bitcoinity do at $400 and $420?
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oda.krell
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November 13, 2013, 07:33:51 PM |
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That's the advantage of using a percentage-based withdrawal, with whatever level of conservative/aggression your tastes demand. Because we've recently gone parabolic, I've personally started using this format, but putting rebuys, proportional to each sell, below each normally finalized sale. As an example: You sell 10 Bitcoins at $100. Rebuy 4 Bitcoins at $90 Rebuy 3 Bitcoins at $80 Rebuy 2 Bitcoins at $50 Rebuy 1 Bitcoin at $33 This way, without knowing how far up the parabolic rise will go before the inevitable correction, consolidation, and finding of new equilibrium. You'll never have sold more than you were willing to ultimately part with. All your rebuys will be for a net gain of Bitcoins. The weakness is that you'll leave money on the table - there is virtually no chance such a system will maximize profits...but that is not the goal. The advantage? When the instigating event - whatever it may be - causes the crash to occur...all your rebuys will be in place, and according to a pre-planned, controlled method. You will not be hostage to the inability to change your order book for hours at a time - something that occurred both in the April crash, and most recently, for a few hours on our good friend Gox. Problem is still determining the top. In your example, say you set your stop order at 100 ahead of time and your rebuys accordingly lower, but price continues to climb significantly higher before it corrects, there is a chance it will never fall deep enough to trigger any of those rebuys. In other words, you missed out on profit (because you sold to early), and you're not getting your coins back. What I'm trying to say is, you would have to constantly re-adjust your stop order and the rebuy levels, depending on how the trend progresses.
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BitchicksHusband
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November 13, 2013, 07:35:25 PM |
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Well colour me awed!
The old man dumped another 100 BTC at $406.
"This is getting ridiculous. What am I meant to do with this $40K? Buy more Bitcoin?"
"I think I might change the plan slightly. Sell 50 instead of 100 at every $100 mark..."
I'm trying to pay off the last of my school loans... It would take about $1800 to do so...donations would be grateful! Or he could set up a scholarship for needy kids? You went to college and you're begging? And you own bitcoins no less? Pathetic. Just buy some bitcoins and wait a year then pay off the loan in full easily.
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haightst
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November 13, 2013, 07:41:02 PM |
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Thai characters on keyboard, you in Thailand ? Thai stick no doubt? haaa
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haightst
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November 13, 2013, 07:44:36 PM |
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...
How do you get the ATH alert? watch it when there is an all time high. edit: like now! 4:20 isn't resistance you silly goat = it's CONFIRMATION TO 500-1000!!!*jmho!
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bitcodo
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November 13, 2013, 07:45:34 PM |
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Wall at 210 GOX, 2.5M$ total on order book 25.5M$
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N12
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November 13, 2013, 07:48:06 PM |
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They want in, and they want in big.
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rampantparanoia
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November 13, 2013, 07:51:10 PM |
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Wall at 210 GOX, 2.5M$ total on order book 25.5M$
sorry, what? I see 212 coins at 210.
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spooderman
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November 13, 2013, 07:54:00 PM |
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Dude, bids are through the roof on gox.
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calian
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November 13, 2013, 07:57:30 PM |
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Well colour me awed!
The old man dumped another 100 BTC at $406.
"This is getting ridiculous. What am I meant to do with this $40K? Buy more Bitcoin?"
"I think I might change the plan slightly. Sell 50 instead of 100 at every $100 mark..."
I'd meant to say this for a while but he should have sold a percentage, say 10% at each level. That way he'd never run entirely out.
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adamstgBit
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Trusted Bitcoiner
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November 13, 2013, 07:58:58 PM |
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...
How do you get the ATH alert? watch it when there is an all time high. edit: like now! 4:20 isn't resistance you silly goat = it's CONFIRMATION TO 500-1000!!!*jmho! when china sets a new ATH that's when we'll have 6 Confirmations
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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November 13, 2013, 08:01:41 PM |
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David M
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November 13, 2013, 08:04:32 PM |
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I'd meant to say this for a while but he should have sold a percentage, say 10% at each level. That way he'd never run entirely out.
That's not a bad option. He does want to have 100 BTC in the end.
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TheKoziTwo
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November 13, 2013, 08:05:45 PM |
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Bid depth has reached ATH on gox despite their market share being significantly reduced. Pretty bullish, although some of it may simply be people "unable" to withdraw placing bids. [source]
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haightst
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November 13, 2013, 08:09:14 PM |
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...
How do you get the ATH alert? watch it when there is an all time high. edit: like now! 4:20 isn't resistance you silly goat = it's CONFIRMATION TO 500-1000!!!*jmho! when china sets a new ATH that's when we'll have 6 Confirmations can i swap out a few /\bstract coins for bitcoin dust?~lol i promise to keep these BTCears in line! *many thanks! BTC addy : 1L9L2pR9ecTe32Cr8eS26kebRo5oXr7gr3 WEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE//^5OO
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Kj1
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November 13, 2013, 08:11:09 PM |
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more then 1/3rd of bitstamps asks are below 400.01, and the price is now 395. ?
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Vycid
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♫ the AM bear who cares ♫
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November 13, 2013, 08:11:18 PM |
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...
After a quick check of your posting history: congratulations, you've become the first person ever on my ignore list.
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adamstgBit
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November 13, 2013, 08:16:55 PM |
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...
How do you get the ATH alert? watch it when there is an all time high. edit: like now! 4:20 isn't resistance you silly goat = it's CONFIRMATION TO 500-1000!!!*jmho! when china sets a new ATH that's when we'll have 6 Confirmations can i swap out a few /\bstract coins for bitcoin dust?~lol i promise to keep these BTCears in line! *many thanks! BTC addy : 1L9L2pR9ecTe32Cr8eS26kebRo5oXr7gr3 WEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE//^5OO Abstract coins
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seleme
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Duelbits.com
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November 13, 2013, 08:17:03 PM |
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Bid depth has reached ATH on gox despite their market share being significantly reduced. Pretty bullish, although some of it may simply be people "unable" to withdraw placing bids. [source]Some of it? BTC went up 60% from latest ATH, many people sold and nobody can withdraw. Of course the bid side will be the biggest ever. Using bid size from other exchanges is OK indicator but with Gox it doesn't mean anything.
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adamstgBit
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November 13, 2013, 08:19:31 PM |
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not much time left.
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