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Question: Closing BTC Price June 17:
$0 - 4 (3%)
<$6,500 - 7 (5.3%)
$6,500-$6,750 - 1 (0.8%)
$6,751-$7,000 - 2 (1.5%)
$7,001-$7,250 - 3 (2.3%)
$7,251-$7,500 - 6 (4.5%)
$7,501-$7,750 - 4 (3%)
$7,751-$8,000 - 12 (9.1%)
$8,001-$8,250 - 13 (9.8%)
$8,251-$8,500 - 7 (5.3%)
$8,501-$8,750 - 6 (4.5%)
$8,751-$9,000 - 11 (8.3%)
$9,001,$9,250 - 13 (9.8%)
$9,251-$9,500 - 17 (12.9%)
>$9,500 - 17 (12.9%)
$20,000 - 9 (6.8%)
Total Voters: 132

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21226203 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. (64 posts by 15 users deleted.)
HairyMaclairy
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March 24, 2019, 07:50:45 PM
Merited by JayJuanGee (1), Last of the V8s (1)

Would you be so kind as to enlighten me on slippage? In what way would it screw with trading?

I would assume the implication was that: if real volume be truly that large, then slippage should be much less than that experienced.
I understand the correlation between volume and slippage, but I'm not sure how exactly those contracts work as I've never used or read into them.

The particular trade that I found galling had me enter a stop loss at $xx93 (which was below a major support point).  The price fell through the support and the sell order executed at $xx20, which is $73 in slippage.

The most slippage I have previously experienced on breaking major support was $13 on Bitstamp at a much higher price (therefor far lower slippage in both nominal and percentage terms).

This leads me to believe that either: (a) Bitmex has exceptionally poor liquidity or (b) their proprietary trading desk is front running trades or (c) they are deliberately discriminating against fish in the order book.

The net result is the same.

While there are some complexities around whether one uses the last, mark or index price as trigger, it really all comes out in the same place.  None of this should be impacted by the particular rules of the instrument, and this was not a liquidation (I have never been liquidated and don’t intend to start).

I have had a number of other trades on Bitmex where my slippage has been about 10x what I would expect.   Given that Bitmex supposedly has 10x the volume of Bitstamp and 10x liquidity, something is rotten in the Seychelles.  I would go so far as to say either they are front running their own customers or their organic volume is about 1% of what they claim.  
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March 24, 2019, 07:56:53 PM
Merited by JayJuanGee (1)

Would you be so kind as to enlighten me on slippage? In what way would it screw with trading?

I would assume the implication was that: if real volume be truly that large, then slippage should be much less than that experienced.
I understand the correlation between volume and slippage, but I'm not sure how exactly those contracts work as I've never used or read into them.

The particular trade that I found galling had me enter a stop loss at $xx93 (which was below a major support point).  The price fell through the support and the sell order executed at $xx20, which is $73 in slippage.

The most slippage I have previously experienced on breaking major support was $13 on Bitstamp at a much higher price (therefor far lower slippage in percentage terms).

This leads me to believe that either: (a) Bitmex has exceptionally poor liquidity or (b) their proprietary trading desk is front running trades or (c) they are deliberately discriminating against fish in the order book.

The net result is the same.

While there are some complexities around whether one uses the last, mark or index price as trigger, it really all comes out in the same place.  None of this should be impacted by the particular rules of the instrument, and this was not a liquidation (I have never been liquidated and don’t intend to start).

I have had a number of other trades on Bitmex where my slippage has been about 10x what I would expect.   Given that Bitmex supposedly has 10x the volume of Bitstamp and 10x liquidity, something is rotten in the State of Seychelles.  I would go so far as to say either they are front running their own customers or their organic volume is about 1% of what they claim.  

Makes sense. OR... maybe traders at Bitmex are *WAY* more prone to using leverage and stop loses which causes *HUGE* slippage due to "cascading" than Bitstamp traders. Think about it... it also makes some sense.
HairyMaclairy
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March 24, 2019, 08:04:08 PM

Assuming it’s all completely innocent, we still end up in the same place. Bitmex does not have an acceptable level of liquidity to support market orders. Which is kinda important. 
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March 24, 2019, 08:10:23 PM
Merited by 600watt (1), PuertoLibre (1)

Interesting stat: Belgium has a very high divorce rate (70%).

Nothing wrong with divorce.

True, but it won't add years to your life (in most cases) and would not make you richer (on paper) as well.
Guys would be limited in children visitation rights (and, yes, in more than 90% cases children stay with mom).
It's all theoretical, as I never divorced.


Which of these life phases are you up to? The marriage phase of your life, or the having kids phase?



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March 24, 2019, 08:13:21 PM

^
Bearmarket
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March 24, 2019, 08:14:04 PM

Interesting stat: Belgium has a very high divorce rate (70%).

Nothing wrong with divorce.

True, but it won't add years to your life (in most cases) and would not make you richer (on paper) as well.
Guys would be limited in children visitation rights (and, yes, in more than 90% cases children stay with mom).
It's all theoretical, as I never divorced.


Which of these phases are you up to? The marriage phase of your life, or the kids phase?




Embarrassed
Even university doesn't teach to student how to survive in wild capitalism. They are supposed to teach us about the fake money(illusion) and fake history...
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March 24, 2019, 08:15:32 PM

Assuming it’s all completely innocent, we still end up in the same place. Bitmex does not have an acceptable level of liquidity to support market orders. Which is kinda important.  

Why are you even pretending bucketshops aren't scams BY DEFINITION.  "Support market orders"Huh It's not a fucking market.  It's like a guy standing in an alleyway with 3 cups telling people to guess which one the ball is underneath.  The Dow and Comex are scam bucketshops too.  
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March 24, 2019, 08:35:44 PM

Good evening bitcoiners, just a comment from Sweden passing by

This was written in 1989, sounds familiar? https://www.apnews.com/bd45c372caf118ec99964ea547880cd0
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March 24, 2019, 08:41:45 PM

Jewish shitcoiner featured on Daily Stormer (any dumbass with the word "anarcho" in their description is a shitcoiner).  I wonder which one of you this guy is:

https://dailystormer.name/anarcho-vegan-jew-records-video-trying-to-get-toddler-daughters-to-consent-to-sex-with-him/
HairyMaclairy
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March 24, 2019, 08:51:16 PM

Good evening bitcoiners, just a comment from Sweden passing by

This was written in 1989, sounds familiar? https://www.apnews.com/bd45c372caf118ec99964ea547880cd0

Are you a heavy cigarette smoker Arie?
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March 24, 2019, 08:56:58 PM

Carbon credits are an Enron scam.

Last of the V8s
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March 24, 2019, 09:07:43 PM

Dirty little bug
skittering along the floor.
Look up to the moon.
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March 24, 2019, 09:09:40 PM

In other news, what is WO take on giving btc to your own children? Worth it or idiotic since they don't know how to hold it safely?

I've been giving each of my progeny -- chillens and grandchillens -- one BTC (and one BCH ((and one BSV)) ) each year since years.

I look at the addresses each year to see how they're doing with them. All hodled tightly except for minimal percentages of daughter and one son, in whom I have instructed on the incremental laddered standing order plan.

Your practice alone is going to cause a BTC supply shortage.  Just think about the many poor folks around the world who are not even going to be able to own .1 BTC and many of your progeny will have several BTC each.  Wink

By the way, the bcash variants are not likely to have and impact on the world in any kind of meaningful way, and if they hold them more than a few years, they are likely to increasingly decrease in value - perhaps even faster than the dollar, so likely they should spend those bcash variants first.   or better yet, convert them into BTC. #gresham's law Tongue
Building a family dynasty? I like it, until the grand kids trades it all for Facebook coin.

I had already expressed a couple of years ago that I don't think it is a good idea (especially giving a whole coin each year... that is ridiculous)... but whatever.. it is a child rearing choice that is totally within his discretion.
I think it's more than great if he has the funds to do so and the patience to not be upset if they do something silly with it. (As he does occasionally check their addresses it seems) The second part would probably be the hardest.
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March 24, 2019, 09:19:12 PM

Dirty little bug
skittering along the floor.
Look up to the moon.

Where's Last of the V8s? What have you done with him?
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March 24, 2019, 09:26:30 PM

Where's Last of the V8s? What have you done with him?

He's upset Basel III regulations cemented physical metals as the base of Exter's pyramid and not a word was spoken about imaginary, valueless, digital shitcoins that day.
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March 24, 2019, 09:28:22 PM

Dirty little bug
skittering along the floor.
Look up to the moon.

Where's Last of the V8s? What have you done with him?

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March 24, 2019, 09:28:58 PM

^
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which phase?
realr0ach
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March 24, 2019, 09:42:07 PM

If you ever plan to cash out some hundreds of thousands dollars or even just a few tens of thousands you better be able to prove the legal origin of it (if/when required to do so). Bonus if you can prove and track the entire history of it.

It's basically the same with EVERY asset. Ie: Suppose your father has some expensive Van Gogh. He, instead of donating you some (huge) money decides to just give it to you so that you can sell it for a huge amount of banking fiat in a Sotheby's auction and set you for life. But neither of you two declare the donation not pay the taxes (obviously). -> REKT!

Well, the same happens with Bitcoin. You need to prove how you obtained them, and when. You need to prove you didn't sold them previously and not pay due taxes. You need to pay your taxes.

And it is the same with cash.... it is just that in small quantities you can just USE it for daily expenses, etc... But you can't go use it to buy a home, a car, or anything "expensive" without having to prove the full trace of it.

For small quantities there's not much need to care though.

This is why Ibian lives on a shrimp boat and Elwar on a floating piece of styrofoam.
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March 24, 2019, 10:17:06 PM

via Imgflip Meme Generator

They Reading the WO lately??

A Bitcoin Baby Bull Market Haiku

BUY BUY BUY BUY BUY
BUY BUY BUY BUY BUY BUY BUY
BUY BUY BUY BUY BUY




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March 24, 2019, 10:31:48 PM

Can't wait for them to try and shift blame from decades of Jewish fraud to Brexit for economic collapse and then their faces when nobody buys their explanation.  Also, wasn't Last of the V8's a Brexit remainer? (lol)
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