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

[lebing]

Offtopic:
Guys, I`m trading < 400$

Trading fees:
gox 0.6%
bitstamp 0.5%
btc-e 0.2%

I'm choosing btc-e based on fee, Ignored withdrawal support for the moment, will transfer btc to an exchange with good withdrawal option when i want to withdraw.

Anything else you guys can share, being more experienced traders?

Dont know about withdrawing from there, but I've heard getting money into btc-e is quite difficult. Could be that withdrawing is the same... but again not sure.

[smoothie]

10btc per hour....what a bargain.

The funny thing is that this actually kind of looks like him.

[Ares]

+1

I will await the 13btc.

[rpietila]

Anyone willing to pay that loser 10BTC/hour will end up broke.
Based on the guy's track record you can be sure to get bad advice lol.

Some track record from my recent trades:

TIME/15MIN   BTC CHANGE   USD CHANGE   AVG PRICE
         
1   -707   81 982   115,94
2   -100   11 211   112,11
3   -82   9 058   110,78
4   -250   27 871   111,48
5   -743   80 634   108,51
6   -7   727   109,20
213   -15   1 585   109,00
214   -229   24 776   108,21
215   0   0   
216   100   -10 414   104,14
217   0   0   
218   315   -32 616   103,41
219   114   -11 817   104,00
220   109   -11 147   102,68
221   0   0   
222   -28   2 922   104,36
223   29   -2 972   102,57
224   150   -15 247   101,65
225   489   -48 318   98,81
226   0   0   
227   115   -11 676   101,57
228   22   -2 255   102,30
229   688   -70 213   102,07
230   206   -21 163   102,87
         
   176   2 927   

I am willing to send the raw data to somebody (.xlsx) by email/skype if he promises to publish it (sorry I don't know how to share files efficiently   ). It is 450 transactions and I have already done some preliminary analysis such as grouping the trades in 15 minute brackets as shown above.

6 hours of trading for a gain of 176,000mBTC. If we add the 2 hours of moving the btc for the scare-walls in and out of Gox, 2 hours of premeditation, and 2 hours of backend, it is 12 hours of work.

In my understanding I just made 14,667mBTC per hour. So I don't see realistically, why I would be obliged to surrender my time for any less than 10,000mBTC as a consultant. Many people in my level don't just sell their time.

I think the 2927 dollars I "made" was at least partly fees, and perhaps I left some money uninvested in some account. This is parsed from multiple accounts that I control in Mt.Gox in the name of Eesti Investeerimishobe OU. (Remember always to pay your taxes, I pay them legally to Estonia at a flat rate of 0% VAT and 0% corporate tax.)

As for the 10BTC/hr, it's subjective and probably worth it to some people because this is a very specialized field so you can't just call up any old financial advisor, and if nothing else, rpietila has the reputation to be trusted not to run off with your money.

Calling me is voluntary! If you are sure that you cannot recoup the price of my advice, don't call  
My number is +358503235950 for consulting calls only. Book your time via SMS and have the bitcoins ready.

Narcissist or not, the guy is honest and a stand-up businessman: a problem I recently had with a silver delivery from him was handled extremely well and to my satisfaction... on a sunday.

Yeah, just remember to notify me when the silver arrives I redeemed it on its way to the recipient because the delivery took "too long" (as if it was not public knowledge that the postal system treats PM shipments badly).

His motto seems to be: think big, talk big, act big. It's what bitcoin needs (the middle part is optional, but doesn't hurt). As long as he doesn't despise the small business I (and other might) have with him, I cannot attribute him with arrogance, either.

I don't despise anyone, but for the reasons outlined above, I am not very keen on doing small business anymore. The micro-silver-deals that I made in March, were just to gain some postcount really. I think I made a loss on them, but I write it off as marketing expense. In reality I do, and want to do, deals that net me in excess of 10-20,000mBTC per hour invested. With such wages, I don't need to work much to be able to maintain my lifestyle. I urge the others also to be content with what they have, and if not, buy some bitcoins while they still are cheap.

Happy trading! <3

[solex]

ok traders - question for ya.

i've apparently talked my head off about bitcoin enough that my brother wants in. he wants to buy two block erupter blades from asicminer the next time they're available. i have word from friedcat (in a PM inquring about the group buy of usb's i'm running) that there could be more available in a week or so. worst case scenario, those will sell for about 75 btc each, as they did in the first auction...

Arklan, upfront cost payback for 10 Ghash @ 75 BTC is about 6 months with current difficulty unchanged. Do your maths using this chart for future projections...

https://bitcointalk.org/index.php?topic=178051.msg1919283#msg1919283

[smoothie]

+1

I will await the 13btc.

Bwahahahahaha....nice try.

But I will give you Smoothie's trollish stamp of approval.  

[smoothie]

Anyone willing to pay that loser 10BTC/hour will end up broke.
Based on the guy's track record you can be sure to get bad advice lol.

Some track record from my recent trades:

TIME/15MIN   BTC CHANGE   USD CHANGE   AVG PRICE
         
1   -707   81 982   115,94
2   -100   11 211   112,11
3   -82   9 058   110,78
4   -250   27 871   111,48
5   -743   80 634   108,51
6   -7   727   109,20
213   -15   1 585   109,00
214   -229   24 776   108,21
215   0   0   
216   100   -10 414   104,14
217   0   0   
218   315   -32 616   103,41
219   114   -11 817   104,00
220   109   -11 147   102,68
221   0   0   
222   -28   2 922   104,36
223   29   -2 972   102,57
224   150   -15 247   101,65
225   489   -48 318   98,81
226   0   0   
227   115   -11 676   101,57
228   22   -2 255   102,30
229   688   -70 213   102,07
230   206   -21 163   102,87
         
   176   2 927   

I am willing to send the raw data to somebody (.xlsx) by email/skype if he promises to publish it (sorry I don't know how to share files efficiently   ). It is 450 transactions and I have already done some preliminary analysis such as grouping the trades in 15 minute brackets as shown above.

6 hours of trading for a gain of 176,000mBTC. If we add the 2 hours of moving the btc for the scare-walls in and out of Gox, 2 hours of premeditation, and 2 hours of backend, it is 12 hours of work.

In my understanding I just made 14,667mBTC per hour. So I don't see realistically, why I would be obliged to surrender my time for any less than 10,000mBTC as a consultant. Many people in my level don't just sell their time.

I think the 2927 dollars I "made" was at least partly fees, and perhaps I left some money uninvested in some account. This is parsed from multiple accounts that I control in Mt.Gox in the name of Eesti Investeerimishobe OU. (Remember always to pay your taxes, I pay them legally to Estonia at a flat rate of 0% VAT and 0% corporate tax.)

As for the 10BTC/hr, it's subjective and probably worth it to some people because this is a very specialized field so you can't just call up any old financial advisor, and if nothing else, rpietila has the reputation to be trusted not to run off with your money.

Calling me is voluntary! If you are sure that you cannot recoup the price of my advice, don't call  
My number is +358503235950 for consulting calls only. Book your time via SMS and have the bitcoins ready.

Narcissist or not, the guy is honest and a stand-up businessman: a problem I recently had with a silver delivery from him was handled extremely well and to my satisfaction... on a sunday.

Yeah, just remember to notify me when the silver arrives I redeemed it on its way to the recipient because the delivery took "too long" (as if it was not public knowledge that the postal system treats PM shipments badly).

His motto seems to be: think big, talk big, act big. It's what bitcoin needs (the middle part is optional, but doesn't hurt). As long as he doesn't despise the small business I (and other might) have with him, I cannot attribute him with arrogance, either.

I don't despise anyone, but for the reasons outlined above, I am not very keen on doing small business anymore. The micro-silver-deals that I made in March, were just to gain some postcount really. I think I made a loss on them, but I write it off as marketing expense. In reality I do, and want to do, deals that net me in excess of 10-20,000mBTC per hour invested. With such wages, I don't need to work much to be able to maintain my lifestyle. I urge the others also to be content with what they have, and if not, buy some bitcoins while they still are cheap.

Happy trading! <3

The funny thing is I could too post all of my trading history but it would only make you look much smaller than you make yourself out to be. I'll save you the embarrassment   

[smoothie]

REPTILIA: "Want to make money? Well just send me money and I'll show you how."

Where have we seen this ^ before?

 

[Frozenlock]

At school. 

[Awhut]

Anyone willing to pay that loser 10BTC/hour will end up broke.

LOL

Based on the guy's track record you can be sure to get bad advice lol.

From what I understand, he's pretty loaded and had some great foresight to get into bitcoin early. You don't get to that point without being a winner imo.


As for the 10BTC/hr, it's subjective and probably worth it to some people because this is a very specialized field so you can't just call up any old financial advisor, and if nothing else, rpietila has the reputation to be trusted not to run off with your money.


This forum needs more love

Man, this is all relative - most of people in here got his money in BTC before the bubble, when price was sub $15 - and we went up to $266, and now we are still at $110... Losing money is impossible, there's a lot of people who is VERY loaded and is not pretending they are some gurus.

Remember that buying the BTC2,5k rpietila says he has, was just a $25k investment a few months ago (he bought at the end of 2012 I think - not so early BTW). Not a very big deal.

And BTW, people like Smoothie or Goat (just to say two members that write in this thread) have a bigger stash and they dont brag about it.

+1

http://www.reactiongifs.com/wp-content/uploads/2011/05/tumblr_ljh0puClWT1qfkt17.gif

[Jaroslaw]

Anyone willing to pay that loser 10BTC/hour will end up broke.
Based on the guy's track record you can be sure to get bad advice lol.

Some track record from my recent trades:

TIME/15MIN   BTC CHANGE   USD CHANGE   AVG PRICE
         
1   -707   81 982   115,94
2   -100   11 211   112,11
3   -82   9 058   110,78
4   -250   27 871   111,48
5   -743   80 634   108,51
6   -7   727   109,20
213   -15   1 585   109,00
214   -229   24 776   108,21
215   0   0   
216   100   -10 414   104,14
217   0   0   
218   315   -32 616   103,41
219   114   -11 817   104,00
220   109   -11 147   102,68
221   0   0   
222   -28   2 922   104,36
223   29   -2 972   102,57
224   150   -15 247   101,65
225   489   -48 318   98,81
226   0   0   
227   115   -11 676   101,57
228   22   -2 255   102,30
229   688   -70 213   102,07
230   206   -21 163   102,87
         
   176   2 927   

I am willing to send the raw data to somebody (.xlsx) by email/skype if he promises to publish it (sorry I don't know how to share files efficiently   ). It is 450 transactions and I have already done some preliminary analysis such as grouping the trades in 15 minute brackets as shown above.

6 hours of trading for a gain of 176,000mBTC. If we add the 2 hours of moving the btc for the scare-walls in and out of Gox, 2 hours of premeditation, and 2 hours of backend, it is 12 hours of work.

In my understanding I just made 14,667mBTC per hour. So I don't see realistically, why I would be obliged to surrender my time for any less than 10,000mBTC as a consultant. Many people in my level don't just sell their time.

I think the 2927 dollars I "made" was at least partly fees, and perhaps I left some money uninvested in some account. This is parsed from multiple accounts that I control in Mt.Gox in the name of Eesti Investeerimishobe OU. (Remember always to pay your taxes, I pay them legally to Estonia at a flat rate of 0% VAT and 0% corporate tax.)

As for the 10BTC/hr, it's subjective and probably worth it to some people because this is a very specialized field so you can't just call up any old financial advisor, and if nothing else, rpietila has the reputation to be trusted not to run off with your money.

Calling me is voluntary! If you are sure that you cannot recoup the price of my advice, don't call  
My number is +358503235950 for consulting calls only. Book your time via SMS and have the bitcoins ready.

Narcissist or not, the guy is honest and a stand-up businessman: a problem I recently had with a silver delivery from him was handled extremely well and to my satisfaction... on a sunday.

Yeah, just remember to notify me when the silver arrives I redeemed it on its way to the recipient because the delivery took "too long" (as if it was not public knowledge that the postal system treats PM shipments badly).

His motto seems to be: think big, talk big, act big. It's what bitcoin needs (the middle part is optional, but doesn't hurt). As long as he doesn't despise the small business I (and other might) have with him, I cannot attribute him with arrogance, either.

I don't despise anyone, but for the reasons outlined above, I am not very keen on doing small business anymore. The micro-silver-deals that I made in March, were just to gain some postcount really. I think I made a loss on them, but I write it off as marketing expense. In reality I do, and want to do, deals that net me in excess of 10-20,000mBTC per hour invested. With such wages, I don't need to work much to be able to maintain my lifestyle. I urge the others also to be content with what they have, and if not, buy some bitcoins while they still are cheap.

Happy trading! <3

Why you need others money if you have UNLIMITED money ?

[Rampion]

10btc per hour....what a bargain.

The funny thing is that this actually kind of looks like him.

It's him, I think I saw that pic on his website for the first time. It looks like when he was a silver trader used the same strategy to get attention (= showing off).

Anyhow, I have to say I have contrary feelings about Risto Pietila - when he is not on an ego trip, his analysis and replies entertain me, I like to read them even when I do not agree. But when he starts with the supernode attitude, I'm really tempted to hit the ignore button.

I think all his showing off is just a strategy to get a position in this community - and profit from it. No more, no less. But I also think that his way of describing his super lavish lifestyle living in an hotel, his super trades of just a few hundred coins, will not impress any big timer, and on the contrary will attract only newbs and small timers, and I think he knows it because is intelligent - thus, everything seems a little fake and pompous IMO.

Now, let's go back to the walls: it seems that bears are reloading weapons, but bulls are reaching the higher point in firepower in the last week:

[Frozenlock]

I find the price movement to be very trolly today.

A little down.... a little up... a little more down.

[Rampion]

BTW: who uses bots to trade? Smoothie? Rpietila? Anybody?

[notme]

BTW: who uses bots to trade? Smoothie? Rpietila? Anybody?

I do.

Also,

Head and shoulders?

[Hawker]

Where do we expect the roller coaster to take us today?  Towards $90 or towards $130?

[notme]

Where do we expect the roller coaster to take us today?  Towards $90 or towards $130?

I anticipate at least one more run at $100 before we can try $130.  If $100 breaks with volume, 90 will be the next battle ground.  If $100 holds, we can try up.

[BTCThousandaire]

Here is my analysis:



I think it will go to 103 to complete the 90% pullback after the 3rd wave, then bounce up towards 120 overnight or tomorrow.

[smoothie]

BTW: who uses bots to trade? Smoothie? Rpietila? Anybody?

I do.

Also,

Head and shoulders?

Can you clarify where the neckline you are envisioning being breached in that pattern?

I see one but wanted to see if we are looking at the same thing.

Thanks

[Rampion]

BTW: who uses bots to trade? Smoothie? Rpietila? Anybody?

I do.

Also,

Head and shoulders?

I think we are quite much arriving to a tipping point. Being above $110 is bullish signal IMO, but I think we may retest $100 soon. Don't think it will be broken, I start to think we're arriving at the gates of consolidation at $100 to $130.

Yesterday I increased my position consistently at $108ish, after we tested $110 the second time. It just felt we were going to break it upwards - and if we keep staying above that level at take it as very bullish.

Wouldn't mind a visit to sub $90 for some cheap coins, but that does not feel very realistic ATM. I will just maintain the hope high, you never know in BTC