mmitech
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things you own end up owning you
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December 06, 2013, 11:13:18 AM |
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425 btc sell wall on bitstamp at 985
And bitsamp is blocking all bitcoins deposits as well. Very scammish if you ask me. really , how do you mean they block all bitcoin deposit ? Edit: I am logged into my account and when I choose Bitcoin deposit I don't get any warning or what so ever!!
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Shak
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December 06, 2013, 11:14:52 AM |
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nah, don't panic. there is a problem with btc-deposits since today, may just be some temporarily mess in their system
wall disappeared, not bought edit: aaaand its back
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maz
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December 06, 2013, 11:15:43 AM |
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425 btc sell wall on bitstamp at 985
And bitsamp is blocking all bitcoins deposits as well. Very scammish if you ask me. really , how do you mean they block all bitcoin deposit ? Without thinking too deep into it, is it in the interest of the exchange to keep the prices high? as I would guess that the higher the trading price the higher the commission?
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mmitech
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things you own end up owning you
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December 06, 2013, 11:17:23 AM |
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425 btc sell wall on bitstamp at 985
And bitsamp is blocking all bitcoins deposits as well. Very scammish if you ask me. really , how do you mean they block all bitcoin deposit ? I've sent bitcoins to my account hours ago, 20+ confirmations and not credited. The same for other people apparently. And the same for bitcoins withdrawals. In the meantime the price is going down slowly, I was planning to sell at 1009. wait I will talk to them now and see if they answer
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Shak
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December 06, 2013, 11:26:17 AM |
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ok, the wall is gone for good, partially buyed, around 120 coins removed from the books. price is recovering, but still some heavy fluctuations around 1000, the order book is paper-thin in this region
edit: i yield updating this... 200 btc wall flicks in and out of existence below 1000, someone is either completely stupid or desperately trying to force the price down
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rpietila
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December 06, 2013, 11:31:13 AM |
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I don't give a shit about owning 5 or 10 bitcoins. I'll have hundreds of them or none.
So you don't "give a shit" to be among 10,000-30,000 world's richest. Top 100 or top 300 is the way to go. Yes, you seem to be a megalomaniac and a player. I think I could easily adapt to any of the levels, as could most of us. * top 30 would have BTC5,000 or more (100 billion USD) * top 300 would have BTC500 or more (10 billion USD) * top 3,000 would have BTC50 or more (1 billion USD) * the top 29,000 people would have 5,000mBTC or more, a huge fortune comparable to 100 million of today's dollars. * the top 1 million people would have 500mBTC or more, corresponding to 10 million or more dollars * 29 million people have at least 50mBTC, which puts them among the most affluent 0.6%, previously called 'millionaires' * the upper middle class of 350 million people worldwide, owns 5mBTC or more * lower middle class consists of 1 billion people is characterized by ownership of 0.5mBTC or more * the lower class of (3+ billion) owns less than 0.5mBTC including people who don't have any or have negative worth.
I like your way of breaking it down. I have been advocating to new comers to strive to attain the Bitcoin Millionth Club. Basically you need to own 21 btc, this will make you 1 in a million people on the earth who could possibly own 1 million of all future available bitcoins. Obviously we know the numbers will be massively different due to mining time and bitcoin loss over the years, but its an attainable number and would offer massive wealth in the future. Imagine you owned 1 millionth of several of the worlds largest countries currency? Happy days! Although being a bull myself. I still don't think this kind of analysis makes sense. It's only meaningful if BTC is the only wealth in the world. Otherwise, it may help you to be rich, but these kind of ranking does not make sense. Bill Gates may have 0 BTC, but billions of fiats or microsoft shares. Kings in the middle east may have no BTC but have plenty of oil. Don't read it any deeper than what it is: The distribution of bitcoins, if they are distributed in the same way as total wealth of the world is distributed.To have the whole picture, we need to know, what % of the total wealth bitcoins represent. A quite long-shot would be that bitcoins are half the world's wealth, ie. valued the same as the Earth. Then you need to sell half of your bitcoins to obtain "your share" of the other wealth. All in all, I think most that have BTC10,000 now, will only have about BTC1,000- BTC3,000 when it hits the highest value.
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rpietila
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December 06, 2013, 11:34:34 AM |
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Discovering margin trading helped a lot too. I don't even really have to sell or think about when to sell my core position. I just wait for any kind of a sharp drop and then as soon as high volume support starts kicking in I buy a huge margin position using my btc as collateral. Then as soon as the immediate bounce is over I close the position, take the ~15% profit, and buy more bitcoins to add to my core position. I might not be getting the most profit on the margin position possible but it covers my ass both in event of an uptrend or a downtrend. It's kind of a compromise between buy and hold, since I'm never actually selling any 'real' bitcoins.
You need to earn 15% profit in a row for 40 times to get 25000%. That's really amazing. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) How many flash crashes do we have since April? Are you saying you smell bullshit? is that what your saying? ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) It is quite commendable, considering that a 1990s long-term pro trader like me could only increase the size of total stash by about 3% in the April big crash and 0.6% in the last weekend dip, among others.
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mmitech
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things you own end up owning you
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December 06, 2013, 11:42:11 AM |
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Discovering margin trading helped a lot too. I don't even really have to sell or think about when to sell my core position. I just wait for any kind of a sharp drop and then as soon as high volume support starts kicking in I buy a huge margin position using my btc as collateral. Then as soon as the immediate bounce is over I close the position, take the ~15% profit, and buy more bitcoins to add to my core position. I might not be getting the most profit on the margin position possible but it covers my ass both in event of an uptrend or a downtrend. It's kind of a compromise between buy and hold, since I'm never actually selling any 'real' bitcoins.
You need to earn 15% profit in a row for 40 times to get 25000%. That's really amazing. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) How many flash crashes do we have since April? Are you saying you smell bullshit? is that what your saying? ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) It is quite commendable, considering that a 1990s long-term pro trader like me could only increase the size of total stash by about 3% in the April big crash and 0.6% in the last weekend dip, among others. sometimes I think that %90 of the members on the speculation sub-forum are trolling, I am looking now to charts of alts for the last 6 months period (since they are new users) and I am trying to figure out which alt could give that much income in the Alt/BTC ratio and I am failing. so I would like to know how this user turned a 7 BTC investment to 150 BTC and still claims a prediction of 300 BTC. otherwise I am thinking of it as a pure trolling. in my experience, buying and holding was the best strategy, I tried daily trading and ended up losing tens of BTC, the market is unpredictable and I was a real bad trader, I always waited to long or reacted too fast. so I did quit daily trading and it really paid off for me.
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micalith
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December 06, 2013, 11:42:35 AM |
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ok, the wall is gone for good, partially buyed, around 120 coins removed from the books. price is recovering, but still some heavy fluctuations around 1000, the order book is paper-thin in this region
edit: i yield updating this... 200 btc wall flicks in and out of existence below 1000, someone is either completely stupid or desperately trying to force the price down
smells like panic. Maybe prompted by Bitstamp's technical problems today.
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micalith
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December 06, 2013, 11:44:22 AM |
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and China seems to be dropping a fair bit too. Retest the bottom?
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CMMPro
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December 06, 2013, 11:50:19 AM |
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What time frame are you watching? Even on the 15min it is level. Nothing is dropping in China.
Zoom out to at least 15 min to 1hr minimum....it is idiotic to watch at less than that.
Actually zoom out to the 1day every night before you go to bed just so you can relax and see the big picture.
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micalith
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December 06, 2013, 11:55:26 AM |
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What time frame are you watching? Even on the 15min it is level. Nothing is dropping in China.
Zoom out to at least 15 min to 1hr minimum....it is idiotic to watch at less than that.
Actually zoom out to the 1day every night before you go to bed just so you can relax and see the big picture.
zooming out is generally a good idea, yes. But I wouldn't agree that it's 'idiotic' to inspect short-term action by using the 1 or 3 min. edit: I've made most of my BTC profits by calling turning points successfully from the 1 min charts
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tarmi
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December 06, 2013, 11:57:13 AM |
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Of course we are going down. That's why I don't buy the "technical" issue at bitstamp.
WHAT? technical issue? I am so glad that I am all fiat right now.
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rezurect
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December 06, 2013, 12:01:36 PM |
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Re-Test of ?
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tarmi
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December 06, 2013, 12:02:16 PM |
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Re-Test of ?
680 for starters. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Mevius
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December 06, 2013, 12:02:59 PM |
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Of course we are going down. That's why I don't buy the "technical" issue at bitstamp.
WHAT? technical issue? I am so glad that I am all fiat right now. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fshitco.in%2Fwp-content%2Fuploads%2F2013%2F11%2Fop-went-full-retard-meme-generator-you-went-full-fiat-never-go-full-fiat-db8df3.jpg&t=665&c=DO04ZbPj5aW-fQ)
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Rampion
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December 06, 2013, 12:04:51 PM |
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Bearish signals everywhere: technicals looking bearish, contrary indicators like rpietila and coinseeker just turned bulls, I'm starting to feel this rally is in serious danger.
Well, if we enter a bear market we will enjoy the cheap coins.
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niothor
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December 06, 2013, 12:07:26 PM |
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Of course we are going down. That's why I don't buy the "technical" issue at bitstamp.
WHAT? technical issue? I am so glad that I am all fiat right now. Yes bitcoins deposit not shown on bitstamp account after several hours and 30+ confirmations. Impossible to sell at 1009 like I was planning. It's 20 lower now. And I don't know why but I have the feeling it will be lower when the deposit is credited (if it is one day, you never know...) When did you do the deposit? I have a friend at work that did the sent bitcoins to bitstamps this morning. I'll check with him to see if he had problems
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rezurect
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December 06, 2013, 12:09:09 PM |
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Bearish signals everywhere: technicals looking bearish, contrary indicators like rpietila and coinseeker just turned bulls, I'm starting to feel this rally is in serious danger.
Well, if we enter a bear market we will enjoy the cheap coins.
680 > 500 > Worst Case?
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sumantso
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December 06, 2013, 12:11:10 PM |
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Bearish signals everywhere: technicals looking bearish, contrary indicators like rpietila and coinseeker just turned bulls, I'm starting to feel this rally is in serious danger.
Well, if we enter a bear market we will enjoy the cheap coins.
![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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