wonkytonky
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June 12, 2013, 06:33:21 AM |
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well if we go up.. support wasnt there over 100$ to realy push .. i reckon it's going up for a bit due to panic buying.. .. and then crashes back ... to 90's.. (the week after that probbably a deeper crash).
if we go down .. people will withdraw their bid offers hoping to catch at lowest price.. i'm just boldly guessing 78 - 80 (i dont see 30 -50 happening .. there was a good buy power at 88 -90)
so in my little mind.. i'm just not buying yet.. until it goes below 90 ..
then i'll be all in
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Rampion
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June 12, 2013, 07:00:33 AM |
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I wonder when Loaded will come back to stop the downturn. Perhaps we need to say his name three times.
Loaded, Loaded, Loaded!
Loaded = The Winklevoss twins? Anyhow, he just comes here to say "this is going to be an interesting week"... Las time just after the San José conference. And that week nothing happened, it was boring as hell
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ChartBuddy
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June 12, 2013, 07:00:38 AM |
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Rampion
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June 12, 2013, 07:04:59 AM |
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Asks piling up all the way to $110. The sellers will become nervous sooner or later, there are too many coins till $110 and no buying pressure whatsoever. Someone that bought from $100 to $105 has to decide wether to sell at a profit at $108 or panic sell and probably lose money if a seller get tired to wait and dumps as few coins as 700-800, pushing the price down.
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zebedee
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June 12, 2013, 07:25:47 AM |
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I think the 2.5% is because they can't exchange the fiat directly and need to go through their bank (legally, not technically), so it's simply to discourage the practice (higher costs, more work for them) but it was argued they're just greedy. I think it's probably a bit of both If you think they don't get a significant cut of that 2.5%, then you're naive, and I'm sure they love you as a customer.
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lucas.sev
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June 12, 2013, 07:28:13 AM |
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Asks piling up all the way to $110. The sellers will become nervous sooner or later, there are too many coins till $110 and no buying pressure whatsoever. Someone that bought from $100 to $105 has to decide wether to sell at a profit at $108 or panic sell and probably lose money if a seller get tired to wait and dumps as few coins as 700-800, pushing the price down.
There are also over 4k coins bought at 110 after failed attempt to channel the price into the 110+ range on the June 10th, this guy can't wait to get out and is just waiting for enough support
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CoinEntropy
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June 12, 2013, 07:59:27 AM |
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Can someone please explain to me how the Kelly Criterion applies to cryptotrading, e.g. BTC on BTC-E http://www.youtube.com/watch?v=IyATmCJf4fcThe formula is there, but how do I apply it?
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ChartBuddy
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June 12, 2013, 08:00:35 AM |
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rdsc
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June 12, 2013, 08:32:32 AM |
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But it was two buys (400+5000) which pushed us to 110. Not "people following goomboo" EDIT: well well well EDIT2: It looks like one sell is executed - like 700BTC, which causes -3USD slippage, and then soon after price is corrected to +3 via a 170BTC buy. Nice way of dumping coins. It was a 27K spike?
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rdsc
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June 12, 2013, 08:39:20 AM |
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This was the 10/21 crossover early on June 10 - I missed it because I was asleep but it seems to be holding [/quote] the spike made the crossover, the crossover did not make the spike. [/quote] Aha! - Got it http://s1.postimg.org/5n2400mhr/Screen_Shot015.jpg
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Rampion
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June 12, 2013, 08:58:26 AM |
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Bid and ask sum stable. Volume decreasing. Triangle closing. I would close any long position.
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ChartBuddy
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June 12, 2013, 09:00:50 AM |
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micalith
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June 12, 2013, 09:03:14 AM |
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walzilla flickering in and out at 105.
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4mherewego
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June 12, 2013, 09:04:25 AM |
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Kelly Criterion is mainly useful when you can estimate the expected value of the investment which you can't with bitcoins.
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CoinEntropy
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June 12, 2013, 09:06:22 AM |
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Kelly Criterion is mainly useful when you can estimate the expected value of the investment which you can't with bitcoins. Couldn't you assume 'realistic' estimations, such as 1 - 5 dollar increases in value?
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rpietila
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June 12, 2013, 09:09:15 AM |
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My advice for everybody but the most astute daytraders now:
Buy as many bitcoins as you can, regardless of the price or timing. The price and timing will be secondary as the next upleg commences, and commences it will, once there is anything that you can do with bitcoins.
I bought 2,000,000mBTC in September-October 2012. At times I was down 15%. Do you think that now I would give a thought about the exact price or timing? I would, had I not bought the coins.
Everyone who holds anything else as investment except bitcoins has diversified to the detriment of their financial interest.
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Jaroslaw
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supernode
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June 12, 2013, 09:14:33 AM |
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This week(including weekend) i plan to sell about 25k BTC. Dont know wich day, im waiting for high price and counting for nice bid walls and then sell-off.
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Hunyadi
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☑ ♟ ☐ ♚
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June 12, 2013, 09:20:51 AM |
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This week(including weekend) i plan to sell about 25k BTC. Dont know wich day, im waiting for high price and counting for nice bid walls and then sell-off.
You must buy those bitcoins first.
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Coinseeker
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June 12, 2013, 09:24:23 AM |
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My advice for everybody but the most astute daytraders now:
Buy as many bitcoins as you can, regardless of the price or timing. The price and timing will be secondary as the next upleg commences, and commences it will, once there is anything that you can do with bitcoins.
I bought 2,000,000mBTC in September-October 2012. At times I was down 15%. Do you think that now I would give a thought about the exact price or timing? I would, had I not bought the coins.
Everyone who holds anything else as investment except bitcoins has diversified to the detriment of their financial interest.
Bad advice. "...once there is anything that you can do with Bitcoins." Which could be never and that's looking more likely as more businesses snub Bitcoin for other options or even their own options.
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stereotype
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June 12, 2013, 09:26:05 AM |
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My advice for everybody but the most astute daytraders now:
Buy as many bitcoins as you can, regardless of the price or timing. The price and timing will be secondary as the next upleg commences, and commences it will, once there is anything that you can do with bitcoins.
I bought 2,000,000mBTC in September-October 2012. At times I was down 15%. Do you think that now I would give a thought about the exact price or timing? I would, had I not bought the coins.
Everyone who holds anything else as investment except bitcoins has diversified to the detriment of their financial interest.
Had you not bought coins then, would you have needed the treatment you appear to receive, today? Just wondered if there is a public health issue surrounding the involvement with Bitcoin, i should look out for.
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