ShroomsKit_Disgrace
Legendary
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Activity: 952
Merit: 1000
Yeah! I hate ShroomsKit!
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May 30, 2014, 10:26:50 AM |
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Ok back to 590. Another failed attempted. People go omg almost 600 must sell because otherwise it will go over 600 and i will make more money.
600 will fall.
Thanks for adding another wall, dipshit.
Back to 570 for another week. Yawn.
For all who suffer this kind of affliction, recommended cure is to 1) increase candle timeframe, expand x axis and if this fails, 2) step away from the charts entirely and do something you enjoy. It continues to amaze me how people can let the charts control themselves in such a way that not only do they watch them permanently, not only do they have zero trading plan that this would aid or require, but they actually get angry at things that are often a mere fluctuation/noise. ah, Ignore, buh ah!
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ShroomsKit
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May 30, 2014, 10:27:15 AM |
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Ok back to 590. Another failed attempted. People go omg almost 600 must sell because otherwise it will go over 600 and i will make more money.
600 will fall.
Thanks for adding another wall, dipshit.
Back to 570 for another week. Yawn.
For all who suffer this kind of affliction, recommended cure is to 1) increase candle timeframe, expand x axis and if this fails, 2) step away from the charts entirely and do something you enjoy. It continues to amaze me how people can let the charts control themselves in such a way that not only do they watch them permanently, not only do they have zero trading plan that this would aid or require, but they actually get angry at things that are often a mere fluctuation/noise. Don't bother Shroomskit never learns, he always cracks me up. Never learns what exactly? I don't trade you idiot. Something the idiot troll mod also fails to understand. Can't blame him though, he's not exactly the brightest around here. And you, are you bright?
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TERA
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May 30, 2014, 10:28:36 AM |
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Reccomended course of action for bull market breakouts (eg $460):
1. Rebuy all coins and move them into cold storage 2. Turn chart into 1W timeframe 3. Check the chart every week to make sure the apocalypse hasn't happened 4. Chill out for a few months using this protocol and do not attempt to trade at least until the ATH rally starts 5. You may wish to take a break from the forums also. 6. Do something productive such as a business project.
I was trying to follow this protocol but some jackass started posting intraday charts which showed up all over my Facebook feed so now I'm back here with my popcorn watching the intraday charts and wasting time.
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oda.krell
Legendary
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Activity: 1470
Merit: 1007
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May 30, 2014, 10:28:54 AM |
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You sure they are 100% decoupled?
See my post above, I kinda changed my mind and said these spike remind me of when the Finex Stamp wallet runs dry. I see. Thanks. So I'm back to guessing about the actual USD volume numbers. Why can't they just report it? Fucking in-transparent Bitcoin/fiat ecosystem :( (jup, you were right Blitz)
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windjc
Legendary
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Activity: 2156
Merit: 1070
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May 30, 2014, 10:29:18 AM |
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Serious question, for a second:
Does anybody know how much of Bitfinex' volume (on average) is routed to Bitstamp?
Bitstamp's API returns total volume (i.e. their own volume + orders from Bitfinex). Bitfinex' API doesn't distinguish between orders executed "internally" and "externally" either, to my knowledge.
The result is, we can't say for sure how much of the volume on stamp on finex is a duplicate... Can anyone who trades a lot on finex shine some light on this? Maybe you know how much, approximately, is routed to stamp, so we can at least guess how much stamp's volume has to be discounted.
Zero. They decoupled months ago. Thanks. Also to dreamspark, F-bernanke. So the situation changed drastically over the last year, huh? Last time I used finex, they were still routing 50+% to stamp, but that was a year ago or so I admit. Interesting development. In the past months, I tended to always discount USD volume in my calculations/speculations by, say, 25% because I assumed some of it was reported twice, but maybe that was a mistake. Coming back to this topic.... Quote from the finex thread: Wow, spike time! My stop-loss for a short got filled 40 USD (!) above the stop-price I set. Damn. Any suggestions as to how I can make it safer? Is there really nothing that can be done on your side to make the stops work better? I understand the mechanisms when a big market buy happens, so I guess there's little you can do about it...
Apparently also the Bitstamp USD reserve has been exhausted again. The spike would've been at least 20 lower if this hadn't happened. Which brings us back to the same issues we had in the November rally. Now that you changed the order book integration of Bitstamp we don't have any way of seeing when this happens, the order book just suddenly becomes thinner. Is there any way you could indicate to the users when this is about to happen? Please go back and consider possible solutions.
I understand that you have to minimize the risk of leaving funds on stamp, but when they go to zero, it's usually us traders who have to take the cost for it...
You sure they are 100% decoupled? I thought they were. If not, then its news to me. But that was a huge buy that shot it to 630. I think that trader is confused. The numbers add up.
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N12
Donator
Legendary
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Activity: 1610
Merit: 1010
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May 30, 2014, 10:29:50 AM |
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Never learns what exactly? I don't trade you idiot.
Can you imagine how unhealthy it is in the longer term when you expose yourself to this kind of stress on a chronic basis? Seriously, think about it. It's one of the major reasons to trade longer timeframes or not at all. You do not trade, yet you expose yourself to things that continuously make you angry (the moments of joy don't make up for it). One either has to learn to not get angry or get away from the charts, at least if you hope to make it past 50.
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lemonte
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May 30, 2014, 10:33:12 AM |
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Having a little nibble on that first wall on Stamp
Edit: Took a nice big bite as I posted, and on to the next one!!
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ShroomsKit
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May 30, 2014, 10:33:24 AM |
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200 buy. Nice.
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TERA
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May 30, 2014, 10:36:50 AM |
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Never learns what exactly? I don't trade you idiot.
Can you imagine how unhealthy it is in the longer term when you expose yourself to this kind of stress on a chronic basis? Seriously, think about it. It's one of the major reasons to trade longer timeframes or not at all. You do not trade, yet you expose yourself to things that continuously make you angry (the moments of joy don't make up for it). One either has to learn to not get angry or get away from the charts, at least if you hope to make it past 50. He's not only watching short timeframes but taking it to the next level by watching the order book and alayzing movements of individual orders in real time.
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Timmmaahh
Member
Offline
Activity: 98
Merit: 10
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May 30, 2014, 10:42:03 AM |
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ShroomsKit_Disgrace
Legendary
Offline
Activity: 952
Merit: 1000
Yeah! I hate ShroomsKit!
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May 30, 2014, 10:42:23 AM |
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Never learns what exactly? I don't trade you idiot.
Can you imagine how unhealthy it is in the longer term when you expose yourself to this kind of stress on a chronic basis? Seriously, think about it. It's one of the major reasons to trade longer timeframes or not at all. You do not trade, yet you expose yourself to things that continuously make you angry (the moments of joy don't make up for it). One either has to learn to not get angry or get away from the charts, at least if you hope to make it past 50. He's not only watching short timeframes but taking it to the next level by watching the order book and alayzing movements of individual orders in real time. Something totally astonishing taking into account that this guy consumes shrooms! (or at least sells them)
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Davyd05
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May 30, 2014, 10:44:39 AM |
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the weekend are when the movement starts.. are they trying to try and make bigger institutional buyers play catch up in the weekdays
I say we hit 650 before retracing again ..but that's a bulls dream
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ShroomsKit
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May 30, 2014, 10:45:44 AM |
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Getting close
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Ultros
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May 30, 2014, 10:47:24 AM |
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I realize how stupid it is but I can't stop looking right now.
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N12
Donator
Legendary
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Activity: 1610
Merit: 1010
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May 30, 2014, 10:47:27 AM |
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If we surpass it soon, shroomsy will just find yet another "wall" to get angry over, perplexed at how people can make the decision to sell instead of collectively colluding to let the price rise forever right this instant. TERA got it right, people feel horribly entitled here.
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Erdogan
Legendary
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Activity: 1512
Merit: 1005
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May 30, 2014, 10:47:52 AM |
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<censored>
SecondMarket is buying up 1000 / 28,000 = 3.6% of the new bitcoin supply on a regular basis. Without the word "not" your bolded statement above is equally valid (and equally biased): they are big buyers! Please people, stop quoting that guy. He consistantly gets "facts" completely wrong. I don't think he's stupid, so he must be doing it on purpose, ie trolling. Second Market has bought over 100,000 bitcoins. That makes them in fact one of the largest buyers in the world. Yes. JS is the worst kind of troll: one that speaks with an academic and level-headed authority but wastes no opportunity to stick the knife in. Why does he spend so much time on this forum when he could just get a life and wait until (he hopes!) Bitcoin crashes and burns, and then come back here laughing and gloating? The reason is extreme butt-hurt of the first order by missing out buying in at $1 a coin. Now the strategy is to talk (troll) the price down which has the dual goal of punishing all those who did get in early, while possibly enjoying a new chance to do the same at 2010 prices. 1. Set up a simplistic model 2. Falsify the data 3. Conclude with authority 4. Ignore the informed critique 5. Depend on the masses to not bother to investigate. This is basically the devastating effect the bought up intellectuals have on the public discourse.
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TERA
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May 30, 2014, 10:48:57 AM |
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Nobody place a sell order. Let's just rally btc to $1,000,000 right now and get it over with.
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macsga
Legendary
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Activity: 1484
Merit: 1002
Strange, yet attractive.
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May 30, 2014, 10:49:23 AM |
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CCMF!!!!1
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ShroomsKit
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May 30, 2014, 10:49:29 AM |
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I realize how stupid it is but I can't stop looking right now.
It's exciting. I'm extremely hungry though so i'm done.
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Miz4r
Legendary
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Activity: 1246
Merit: 1000
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May 30, 2014, 10:49:43 AM |
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Don't bother Shroomskit never learns, he always cracks me up. Never learns what exactly? I don't trade you idiot. Something the idiot troll mod also fails to understand. Can't blame him though, he's not exactly the brightest around here. And you, are you bright? My comment was not about your trading but about your constant stream of live emotional commentary every single time someone sells some coins as if he's the stupidest person on earth preventing the next big rally to form all on his own. We know you don't understand the behavior of the market at all and have to comment on every little thing in this thread, but don't you ever get tired of it? Just let it go man, markets will never become rational so just learn how to move with it and understand its little quirks or just don't look at 1m charts. But why am I even trying, you will continue to do what you do anyway just because you can.
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