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

[Resumean]

[eddie13]

Glad you like it guys..

I want to get back trading but just haven't found myself a spot.. It's been a while..

What do you guys recommend for exchanges a USA citizen can use?
I like zero fees and some margin, like huobi was..
I didn't like coinbase so much because of the fee structure, it makes the bots so aggressive.

A good exchange for someone that wants to daytrade the volatility, make many many small flips, lots of trades..

Their probably isn't anything good like that out there anymore is there?

Probably stuck with coinbase using market orders and high fees

[JayJuanGee]

Glad you like it guys..

I want to get back trading but just haven't found myself a spot.. It's been a while..

What do you guys recommend for exchanges a USA citizen can use?
I like zero fees and some margin, like huobi was..
I didn't like coinbase so much because of the fee structure, it makes the bots so aggressive.

A good exchange for someone that wants to daytrade the volatility, make many many small flips, lots of trades..

Their probably isn't anything good like that out there anymore is there?

Probably stuck with coinbase using market orders and high fees

You do not have to do market orders, and on coinbase there is no fee, as long as you set limited orders.

Furthermore, what does it matter very much about which exchange, whichever one you can get onto and then of course your spreads would be farther apart if there is a higher fee in order to at least cover the fee.

I agree that you might be inspired to move some of your trading based on lower fees, which I did when I moved some of my trading from Gemini to Binance - but each exchange has its plusses and minuses - and even questions about whether you are ready, willing and able to link a bank account to the exchange, which options would likely depend somewhat on your origin country, too.

[eddie13]

You do not have to do market orders, and on coinbase there is no fee, as long as you set limited orders.

Furthermore, what does it matter very much about which exchange, whichever one you can get onto and then of course your spreads would be farther apart if there is a higher fee in order to at least cover the fee.

I agree that you might be inspired to move some of your trading based on lower fees, which I did when I moved some of my trading from Gemini to Binance - but each exchange has its plusses and minuses - and even questions about whether you are ready, willing and able to link a bank account to the exchange, which options would likely depend somewhat on your origin country, too.

Coinbase has NO spread because of the way the fee structure incentivises bots to be market makers. The bots are some of the best I've seen, best in the world bots..

I like to place market maker trades myself because I like to trade inbetween walls, and the bots there are just too much competition for my trading style. It doesn't feel good..

I like to be on the high volume exchanges where that exchange is making the world market, or atleast have a close eye on those charts too.. Always watching a few..
I usually take a LOT of tiny stoplosses too so low fees make it a lot easier to get back out of a trade I no longer like the look of.. Which is incredibly hard to do on coinbase trying to get in with those bots..

I made a binance account for the first time last week when I was chatting with some group trading there, where I found that tool you all like so much actually, but I decided that I really didn't like the new shitcoins of the day trading there much and the group turned out to be really just trying to sell TA to pretty much puppets that would trade their TA..

I have a hooked up coinbase but I don't figure I'll need my bank account UNLESS I DO AWESOME TRADING!!


And about exchanges with no margin.. Then I can only make more BTCs when the price is going down..
If I have margin I can also make more BTCs while the price is going up! And down..

I'm checking out the usdt/btc on binance right now..


I might have crypto trader PTSD or something < made that up..
I really want back in there but I just haven't been able to bring myself to do it.. Probably causing my exchange indecision..

[lightfoot]

Hm. Is it possible to use coinbase if you don't have a cell phone?

I have no problem with MFA but a cell phone is useless for that.

Also it's at 6500. So....

Ladies and Gentlemen
Boys and Girls.....

Dumping time is here.

(sigh)

[theymos]

I wonder if the recent Core bug will move the market. It might be the worst bug since 2010, though luckily it wasn't actually exploited and is unlikely to cause future trouble.

[JayJuanGee]

I wonder if the recent Core bug will move the market. It might be the worst bug since 2010, though luckily it wasn't actually exploited and is unlikely to cause future trouble.

Link or it didn't happen...   hahahahahaa  


Edit:  

O.k.   now I see the link, at the top of every forum page (and here for the sake of convenience),  and yeah sounds like a pretty serious possible exploit that had not been known to be exploited and to make sure all transactions have 200 confirmations in the next week or so in case there is a chainsplit before a sufficient amount of hashpower is upgraded and until the situation is resolved - which they are also saying that most of the mining hashpower has already upgraded to the fix away from the bug... I am NOT technical enough to understand some of this but it sounds serious.. and funny to have something so major to just be found...  Whoaza!!!

[jbreher]

via Imgflip Meme Generator

I like the quote. Whose words?

[jbreher]

B52, good choice! Why isn't it lit?

Hmm... Conflicted. There are two possible ways to go with this:

1) that's a well lit B52; or

2) WTF, man. You stalking me?

[jbreher]

Glad you like it guys..

I want to get back trading but just haven't found myself a spot.. It's been a while..

What do you guys recommend for exchanges a USA citizen can use?
I like zero fees and some margin, like huobi was..
I didn't like coinbase so much because of the fee structure, it makes the bots so aggressive.

A good exchange for someone that wants to daytrade the volatility, make many many small flips, lots of trades..

Their probably isn't anything good like that out there anymore is there?

Probably stuck with coinbase using market orders and high fees

GDAX/Coinbase Pro charges zero for market makers.

[JayJuanGee]

You do not have to do market orders, and on coinbase there is no fee, as long as you set limited orders.

Furthermore, what does it matter very much about which exchange, whichever one you can get onto and then of course your spreads would be farther apart if there is a higher fee in order to at least cover the fee.

I agree that you might be inspired to move some of your trading based on lower fees, which I did when I moved some of my trading from Gemini to Binance - but each exchange has its plusses and minuses - and even questions about whether you are ready, willing and able to link a bank account to the exchange, which options would likely depend somewhat on your origin country, too.

Coinbase has NO spread because of the way the fee structure incentivises bots to be market makers. The bots are some of the best I've seen, best in the world bots..

I like to place market maker trades myself because I like to trade inbetween walls, and the bots there are just too much competition for my trading style. It doesn't feel good..

I like to be on the high volume exchanges where that exchange is making the world market, or atleast have a close eye on those charts too.. Always watching a few..
I usually take a LOT of tiny stoplosses too so low fees make it a lot easier to get back out of a trade I no longer like the look of.. Which is incredibly hard to do on coinbase trying to get in with those bots..

I made a binance account for the first time last week when I was chatting with some group trading there, where I found that tool you all like so much actually, but I decided that I really didn't like the new shitcoins of the day trading there much and the group turned out to be really just trying to sell TA to pretty much puppets that would trade their TA..

I have a hooked up coinbase but I don't figure I'll need my bank account UNLESS I DO AWESOME TRADING!!

And about exchanges with no margin.. Then I can only make more BTCs when the price is going down..
If I have margin I can also make more BTCs while the price is going up! And down..

I'm checking out the usdt/btc on binance right now..


I might have crypto trader PTSD or something < made that up..
I really want back in there but I just haven't been able to bring myself to do it.. Probably causing my exchange indecision..

Whatever you are describing yourself as doing in terms of BTC trading and preferences seems strange and disjointed to me, even though I understand that each person (assuming that you are a person) has a different approach to trading or accumulating bitcoin and goals, and each person has a past practice of employing differing strategies in terms of the extent to which they gamble their whole trading stash or if they are content with trading smaller portions of their stash (whether attempting to accumulate fiat or BTC). 

So, yeah, I get it that you are attempting to trade rather than purely accumulate bitcoin and HODL, and you seem to want to trade BTC in order to become profitable whether you measure your profits in dollars or in bitcoin remains unclear to me because you are not describing whether you have connections to banks or how you might have planned to cash into fiat if that was one of your goals.  Furthermore, it sounds as if you want to attempt to profit from smaller increments of trades, but you do not have bots yourself, but you believe that you are not able to profit as much if you conclude that the bots are more prevalent on any given exchange? 

I personally believe that you can still profit if bots are present and if spreads are close because the main way to make money is to bet based on the movement of the price rather than the spread.. because when the BTC price moves, it seems to move on all exchanges in the same direction, and sure of course some exchanges will move faster and further than others, but there also does not seem to be much of a pattern for well established exchanges regarding which one is going to move farther or moves first.  So, in that regard, it can be useful to have some value on more than one exchange, and sometimes even if you set orders at the same prices, the orders might sometimes fill on exchange A more often than exchange B, but then that situation can reverse, from time to time, too.

It appears to me that whatever you are attempting to do falls into a category of kind of winging it, and unclear to me how what you are doing is not just placing a bet and then gambling that the BTC price moves in that direction and then if the price moves in the opposite direction then you replace your bet by another bet, and so ultimately you are hoping to gain profits (but you are kind of expecting to NOT have any money left (principle or profits) after going through the process for a while and that is why you have not set up any exchange accounts that are linked to bank accounts)?

Personally, I believe that it is much better to attempt to establish your initial trading stash without margin and to get a hang of the situation, but I understand that you can gain a lot more by use of margin, if you are lucky (or insider information) enough to be able to place your bets in the right direction.

[infofront]

I wonder if the recent Core bug will move the market. It might be the worst bug since 2010, though luckily it wasn't actually exploited and is unlikely to cause future trouble.

This is the first I've heard of it.

[jbreher]

I wonder if the recent Core bug will move the market. It might be the worst bug since 2010, though luckily it wasn't actually exploited and is unlikely to cause future trouble.

Link or it didn't happen...   hahahahahaa  


Edit:  

O.k.   now I see the link, at the top of every forum page (and here for the sake of convenience),  and yeah sounds like a pretty serious possible exploit that had not been known to be exploited and to make sure all transactions have 200 confirmations in the next week or so in case there is a chainsplit before a sufficient amount of hashpower is upgraded and until the situation is resolved - which they are also saying that most of the mining hashpower has already upgraded to the fix away from the bug... I am NOT technical enough to understand some of this but it sounds serious.. and funny to have something so major to just be found...  Whoaza!!!

Yeah. What cracks me up is how all y'all jumped down the throats of BCH developers for having a core dev discover a bug in a single (of several) Bitcoin Cash implementation, which was also never exploited.

Shoe's on the other foot now. #justsayin

[HairyMaclairy]

https://www.coindesk.com/bitcoin-core-developers-move-to-fix-denial-of-service-software-bug/

Fixed in patch 0.16.3

"A distributed system is one in which the failure of a computer you didn't even know existed can render your own computer unusable”

[HairyMaclairy]

Shoe's on the other door now. #justsayin

Did a BCH developer discover the bug and confidentially alert the Core team?

[JayJuanGee]

I wonder if the recent Core bug will move the market. It might be the worst bug since 2010, though luckily it wasn't actually exploited and is unlikely to cause future trouble.

Link or it didn't happen...   hahahahahaa  


Edit:  

O.k.   now I see the link, at the top of every forum page (and here for the sake of convenience),  and yeah sounds like a pretty serious possible exploit that had not been known to be exploited and to make sure all transactions have 200 confirmations in the next week or so in case there is a chainsplit before a sufficient amount of hashpower is upgraded and until the situation is resolved - which they are also saying that most of the mining hashpower has already upgraded to the fix away from the bug... I am NOT technical enough to understand some of this but it sounds serious.. and funny to have something so major to just be found...  Whoaza!!!

Yeah. What cracks me up is how all y'all jumped down the throats of BCH developers for having a core dev discover a bug in a single (of several) Bitcoin Cash implementation, which was also never exploited.

Shoe's on the other door now. #justsayin

What are you talking about?  Apparently this is a several years long issue that has ramifications on any forks of bitcoin too.  So, it remains a bit unclear about your supposed "gotcha."  

Furthermore, your attempt to suggest that bcash developers are anywhere close to the same league as the broader bitcoin developer community remains lost upon me, especially when you make your lame assertion in this bitcoin thread, in which a large majority of us consider your stupid-ass support for bcash to be supporting not only a shit project, but also an ongoing attack vector on bitcoin.  

So, I don't know where you get off in some high and mighty righteous in any kind of found bug conversation.

[Paashaas]

https://www.sec.gov/rules/sro/cboebzx/2018/34-84231.pdf

If you don't wanna go through all that text, here's the short summary for you: VanEck SolidX ETF decision postponed

No problem, ETF's will be approved eventually.

Bakkt will be bigger they will launched it in November.

[Paashaas]

Interested to see if this will affect BCash, however.

If bCash was an real operating system.

[Searing]

https://www.sec.gov/rules/sro/cboebzx/2018/34-84231.pdf

If you don't wanna go through all that text, here's the short summary for you: VanEck SolidX ETF decision postponed

No problem, ETF's will be approved eventually.

Bakkt will be bigger they will launched it in November.

I would not be so sure about that, bureaucrats and politicians can kick that can down the road for years, IMHO. All they

have to do is stall and point to dodgy exchanges to accomplish this. As far as lobbying goes crypto is peanuts for $$$ compared

to other big money moving towards the powers that be. Thus, no bureaucrat ever got in trouble for being slow on controversial

decisions in any way or in any history I've ever heard of!


brad

[bones261]

So Bitcoin Core has a devastating bug in the code since March 2017 Also, it appears that every single shitcoin that forked off of Bitcoin core 14.0-16.3 is also going to have to patch things up. We really dodged a bullet here. Hope no other surprises are lurking in the code.