Sitarow
Legendary
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Activity: 1792
Merit: 1047
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February 06, 2014, 03:18:54 AM |
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shmadz
Legendary
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Activity: 1512
Merit: 1000
@theshmadz
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February 06, 2014, 03:22:28 AM |
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Today has had the most variance that we have seen in about a week I think. Too bad it was mostly downward. We have almost recovered to the morning's price. I am all about slow and steady growth, but I have to admit that I miss the massive volatility swings  I get the feeling that the next massive volatility swing will be up. The market almost seems like it's trying to crash, but I think waiting forever to hit your price might be foolish. I try to buy the dips and sell the spikes. Yeah, I know...I king of feel the same way. I haven't sold any coins in awhile. I have managed to sell at most of the peaks, but I still regret selling, as I wasn't in immediate need of the money. I slowly just keep adding a little more here and there, but my dollar cost average keeps going up  It's like a double edged sword because you want the price to tank so that you can stock up on more coins, but at the same time, you don't want the ones that you bought to be worth way less than you bought them for... try to think of it like every time you sell, you do so in the expectation that the price will fall. it's very tricky to increase your bitcoin holdings by risking bitcoin, but if you don't have a lot of available fiat, or a superfluous supply of fiat, it's pretty much all you got to work with. I'm a miner so I get a steady income of coins, but if I am unwilling to part with those coins, they remain unrealized gains. I can't say it's gonna go up, or down, I just think it's a very interesting experiment thus far.
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seleme
Legendary
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Activity: 2772
Merit: 1028
Duelbits.com
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February 06, 2014, 03:27:13 AM |
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Altcoins are much better way to increase number of BTC than btc vs fiat trading.
When we talk about unrealized gains, yesterday was a third month when I cashed out like 5 BTC. That's how I decided to hedge and gain some realized profits - selling for 4-5k$ per month. It's quite enough to live more than comfortably and to spare at least half of that where I live.
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Miz4r
Legendary
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Activity: 1246
Merit: 1000
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February 06, 2014, 03:36:48 AM |
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Gox is just correcting back in line with the other exchanges, since there's no reason to be a gap anymore with both fiat and btc withdrawals not working.  Stamp/Huobi/BTC-e are getting scared down a little during this process, but after Gox falls back in line with the others they will all probably rebound back to 800+ together. So why all this drama? Where do you see drama? Give it a couple of hours... Still waiting...
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shmadz
Legendary
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Activity: 1512
Merit: 1000
@theshmadz
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February 06, 2014, 03:42:24 AM |
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Altcoins are much better way to increase number of BTC than btc vs fiat trading.
When we talk about unrealized gains, yesterday was a third month when I cashed out like 5 BTC. That's how I decided to hedge and gain some realized profits - selling for 4-5k$ per month. It's quite enough to live more than comfortably and to spare at least half of that where I live.
other than the $4-$40 move in litecoin on btc-e, I haven't done well in altcoins. I just don't have the attention span to stay on top of so many competing bets. Kudos to you for being able to play that market. As far as that "unrealized gains" thing, I have enough problems dealing with my current fiat income and where to put that. Gold? Silver? I have a little of both, but most of my disposable income tends to find it's way to the exchange to sit and wait to pounce.
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TERA
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February 06, 2014, 03:48:27 AM |
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seleme
Legendary
Offline
Activity: 2772
Merit: 1028
Duelbits.com
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February 06, 2014, 03:49:51 AM |
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Altcoins are much better way to increase number of BTC than btc vs fiat trading.
When we talk about unrealized gains, yesterday was a third month when I cashed out like 5 BTC. That's how I decided to hedge and gain some realized profits - selling for 4-5k$ per month. It's quite enough to live more than comfortably and to spare at least half of that where I live.
other than the $4-$40 move in litecoin on btc-e, I haven't done well in altcoins. I just don't have the attention span to stay on top of so many competing bets. Kudos to you for being able to play that market. As far as that "unrealized gains" thing, I have enough problems dealing with my current fiat income and where to put that. Gold? Silver? I have a little of both, but most of my disposable income tends to find it's way to the exchange to sit and wait to pounce. I don't play them all to be honest and have bad trades from time to time. WDC right now look like one I'll get burned with, though I always had luck with it and got on the top on the end. But I had lot of luck and some nose to get in into some great altcoin/shares etc. trades that made me approx 50x more coins with 250x fiat value than my initial investment in March 2013. I usually lose money when trading btc vs usd though unless I catch some big crash, I don't know shit about charts and stuff. Still don't have reinvesting problems though, I'm waiting for 2-3k$ per BTC to start cashing out bit more. I have a plan then definitely, it's real estate and a state telecom share that pays around 8% of dividend for years.
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dgarcia
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February 06, 2014, 03:50:22 AM |
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shmadz
Legendary
Offline
Activity: 1512
Merit: 1000
@theshmadz
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February 06, 2014, 03:54:45 AM |
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Altcoins are much better way to increase number of BTC than btc vs fiat trading.
When we talk about unrealized gains, yesterday was a third month when I cashed out like 5 BTC. That's how I decided to hedge and gain some realized profits - selling for 4-5k$ per month. It's quite enough to live more than comfortably and to spare at least half of that where I live.
other than the $4-$40 move in litecoin on btc-e, I haven't done well in altcoins. I just don't have the attention span to stay on top of so many competing bets. Kudos to you for being able to play that market. As far as that "unrealized gains" thing, I have enough problems dealing with my current fiat income and where to put that. Gold? Silver? I have a little of both, but most of my disposable income tends to find it's way to the exchange to sit and wait to pounce. I don't play them all to be honest and have bad trades from time to time. WDC right now look like one I'll get burned with, though I always had luck with it and got on the top on the end. But I had lot of luck and some nose to get in into some great altcoin/shares etc. trades that made me approx 50x more coins with 250x fiat value than my initial investment in March 2013. I usually lose money when trading btc vs usd though unless I catch some big crash, I don't know shit about charts and stuff. Still don't have reinvesting problems though, I'm waiting for 2-3k$ per BTC to start cashing out bit more. I have a plan then definitely, it's real estate and a state telecom share that pays around 8% of dividend for years. nice, I'm still in the makings of my plan. gonna need 20-30k$ per BTC to see mine play out, I just hope I have enough time....
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shmadz
Legendary
Offline
Activity: 1512
Merit: 1000
@theshmadz
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February 06, 2014, 03:56:24 AM |
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lol, I'd love to re-quote that with: They're not laughing with you, they're laughing at you. <insert laughing bankers meme pic here> WAKE THE FUCK UP PEOPLE!
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seleme
Legendary
Offline
Activity: 2772
Merit: 1028
Duelbits.com
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February 06, 2014, 04:00:09 AM |
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Altcoins are much better way to increase number of BTC than btc vs fiat trading.
When we talk about unrealized gains, yesterday was a third month when I cashed out like 5 BTC. That's how I decided to hedge and gain some realized profits - selling for 4-5k$ per month. It's quite enough to live more than comfortably and to spare at least half of that where I live.
other than the $4-$40 move in litecoin on btc-e, I haven't done well in altcoins. I just don't have the attention span to stay on top of so many competing bets. Kudos to you for being able to play that market. As far as that "unrealized gains" thing, I have enough problems dealing with my current fiat income and where to put that. Gold? Silver? I have a little of both, but most of my disposable income tends to find it's way to the exchange to sit and wait to pounce. I don't play them all to be honest and have bad trades from time to time. WDC right now look like one I'll get burned with, though I always had luck with it and got on the top on the end. But I had lot of luck and some nose to get in into some great altcoin/shares etc. trades that made me approx 50x more coins with 250x fiat value than my initial investment in March 2013. I usually lose money when trading btc vs usd though unless I catch some big crash, I don't know shit about charts and stuff. Still don't have reinvesting problems though, I'm waiting for 2-3k$ per BTC to start cashing out bit more. I have a plan then definitely, it's real estate and a state telecom share that pays around 8% of dividend for years. nice, I'm still in the makings of my plan. gonna need 20-30k$ per BTC to see mine play out, I just hope I have enough time.... Uh, if we get there and you still have lot of coins, just buy a heck lot of real estate and rent the heck out of it. The easiest and sweetest money beside btc of course 
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ChartBuddy
Legendary
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Activity: 2520
Merit: 2172
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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February 06, 2014, 04:02:49 AM |
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shmadz
Legendary
Offline
Activity: 1512
Merit: 1000
@theshmadz
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February 06, 2014, 04:05:48 AM |
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fuck apple, never buy anything from them and short their stock fuck apple Bitcoin bounty on epic Apple website/device hack? nah, just ignore them, they will either have a turn of heart, or they will go away. either apple *and the centralized power structures that rule our world* will win, or decentralized, consenus based social network blockchain-like organizations will take over. bitcoin price will go up and down, and zero is always a possibility. but the genie is out of the bottle now, and the future looks turbulent.
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shmadz
Legendary
Offline
Activity: 1512
Merit: 1000
@theshmadz
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February 06, 2014, 04:07:52 AM |
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Altcoins are much better way to increase number of BTC than btc vs fiat trading.
When we talk about unrealized gains, yesterday was a third month when I cashed out like 5 BTC. That's how I decided to hedge and gain some realized profits - selling for 4-5k$ per month. It's quite enough to live more than comfortably and to spare at least half of that where I live.
other than the $4-$40 move in litecoin on btc-e, I haven't done well in altcoins. I just don't have the attention span to stay on top of so many competing bets. Kudos to you for being able to play that market. As far as that "unrealized gains" thing, I have enough problems dealing with my current fiat income and where to put that. Gold? Silver? I have a little of both, but most of my disposable income tends to find it's way to the exchange to sit and wait to pounce. I don't play them all to be honest and have bad trades from time to time. WDC right now look like one I'll get burned with, though I always had luck with it and got on the top on the end. But I had lot of luck and some nose to get in into some great altcoin/shares etc. trades that made me approx 50x more coins with 250x fiat value than my initial investment in March 2013. I usually lose money when trading btc vs usd though unless I catch some big crash, I don't know shit about charts and stuff. Still don't have reinvesting problems though, I'm waiting for 2-3k$ per BTC to start cashing out bit more. I have a plan then definitely, it's real estate and a state telecom share that pays around 8% of dividend for years. nice, I'm still in the makings of my plan. gonna need 20-30k$ per BTC to see mine play out, I just hope I have enough time.... Uh, if we get there and you still have lot of coins, just buy a heck lot of real estate and rent the heck out of it. The easiest and sweetest money beside btc of course  plans include a 3.5 acre lot and the quarter section farm behind it... (*and possibly if things go really well, as many of the surrounding acreages as I can scoop up!  *) ahhhh, it's nice to dream.....
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virtualfaqs
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February 06, 2014, 04:09:44 AM |
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Mtgox $825 wall of 200 was just eaten alive by a 500 dump...  Whoever can withdraw BTC on Mtgox is going to make some major $$$$$ 
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MatTheCat
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February 06, 2014, 04:11:26 AM |
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As amusing as that is, perhaps it also serves as a subtle reminder that if 'these types of people' really wanted to nail Bitcoin, it would so so easy for them to do it.
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mooncake
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February 06, 2014, 04:12:19 AM |
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Could it be Gox fiat withdrawal is working? They did say a few weeks back they were working with a payment processing company.
This will explain why when Gox's price drops drastically, prices at other exchanges do not drop as much. The gap is closing fast. I would not be surprised to see Gox making an announcement soon. Probably some insider already knew something.
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derpinheimer
Legendary
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Activity: 896
Merit: 1000
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February 06, 2014, 04:14:44 AM |
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Mtgox $825 wall of 200 was just eaten alive by a 500 dump...  Whoever can withdraw BTC on Mtgox is going to make some major $$$$$  The days where 500 is called a dump... :O
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kkaspar
Full Member
 
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Activity: 140
Merit: 100
banned but not broken
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February 06, 2014, 04:15:12 AM |
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fuck apple, never buy anything from them and short their stock fuck apple Bitcoin bounty on epic Apple website/device hack? Stop blaming Apple for the shortcomings of the bitcoin market! Apple just wants to earn some $ and sell shiny telephones. Apple approves of Bitcoin in heart, because Apple also has a lot of support from cultish behavior and Apple has no problem with that. Apple is just sad that if Apple won't remove blockchain.info app, then Ivan and Li Wei could threaten legal actions against their sales of shiny telephones. Apple is sorry, but Ivan and Li Wei bring Apple more $ then the ones that are loyal to bitcoin. Apple needs their $ to build even shinier telephones! Apple still hopes that they can be friends with bitcoin and is sorry that everything had to end like this. 
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smiley123
Member

Offline
Activity: 101
Merit: 10
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February 06, 2014, 04:18:11 AM |
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Bitfinex orderbook is wonky. I'm showing highest bid $10,000 and lowest ask at $500 both with qty 0.
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