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

[ChancellorOnABrink]

Say you do have 1,000 coins to toss around....would you guys recommend bot trading?

Why risk trading?  Except obvious price movements, of course.
1k coins is .5M USD.  Within a year or two, you are likely to have 2M USD, and maybe more.

Remember, most traders lose money.

I see a contradiction here

If you thinks it's gonna rise, why dont use this money with some levrage to win more ?

you talk about 4x so 40x with levrage, enjoy 20M USD

[grappa_barricata]

Say you do have 1,000 coins to toss around....would you guys recommend bot trading?

With that amount of bananas, you can do market making, or even speculative arbitrage. You need software for these things, but not the 'bot' you find around (you need to develop them yourself). And there is bad-ass competition (very bad guys waiting to rape you).
So maybe you better off sniping some big trade once in a while. That can be a hell of a profit anyway.

[N12]

Say you do have 1,000 coins to toss around....would you guys recommend bot trading?

If one has to ask, then no, your bot won't be profitable.

Also, the main factor decreasing its attractivity would be counterparty risk.

[Sandia]

Say you do have 1,000 coins to toss around....would you guys recommend bot trading?

Why risk trading?  Except obvious price movements, of course.
1k coins is .5M USD.  Within a year or two, you are likely to have 2M USD, and maybe more.

Remember, most traders lose money.

I see a contradiction here

If you thinks it's gonna rise, why dont use this money with some levrage to win more ?

you talk about 4x so 40x with levrage, enjoy 20M USD

10X gains = 10X losses.  You misjudge and get hit with 1% move against you? You lost 10% of your collateral.
Trying to buy or sell 10 x 1k coins is nearly impossible due to slippage and liquidity.  Even 1k is very difficult.

I did the math for Bfx once, using the max 3.3X leverage and minimum maintenance requirement.  At an 18% loss, you are liquidated and would be lucky to have anything left.  At 10X margin, it must be 5 or 6%.

Take a look at the daily chart and count all of those 20, 30, 40, 50% spikes down.  Notice that there were several during the November bubble, so even then it wasn't safe to use large margins.

[BitChick]

Good morning fellow Bitcoin addicts. 

I am feeling pretty good about Bitcoin today.   

I think I see the light at the end of the tunnel finally!

[g29wheel]

$486, seems that the weak hands have sold all that they could.

[ChancellorOnABrink]

Yes, but with tools and 200+years experience from stock market you can switch as you want.

I was shorting before the PP news, i'm long from 469 now

It's not about short or long it's about adapting to a market

[Patel]

The S&P 500 is currently in a bubble.

The market cap of S&P 500 is 17.5 trillion dollars.

If only 1% of that money flows into Bitcoin, thats 175 billion adding to the market cap of Bitcoin.

Not saying it will happen, but it's a possibility.

[BitChick]

The S&P 500 is currently in a bubble.

The market cap of S&P 500 is 17.5 trillion dollars.

If only 1% of that money flows into Bitcoin, thats 175 billion adding to the market cap of Bitcoin.

Not saying it will happen, but it's a possibility.

I thought about that.  With the ETF opens and it is easier for that money to flow in then it will have a very good chance of happening.

hopefully people are already considering it though.

[g29wheel]

The S&P 500 is currently in a bubble.

The market cap of S&P 500 is 17.5 trillion dollars.

If only 1% of that money flows into Bitcoin, thats 175 billion adding to the market cap of Bitcoin.

Not saying it will happen, but it's a possibility.

I didn't know bitcoin is so small, if we have a so huge potential why there is people in this forum speaking about 0$ in few months?

[Patel]

I didn't know bitcoin is so small, if we have a so huge potential why there is people in this forum speaking about 0$ in few months?

Because they're trolls

=======

I am not involved in the stock market, but I'm excited to see what will happen to Bitcoin when the bubble pops.

[adamstgBit]

http://youtu.be/u6KXgjLqSTg?t=4m4s

[BitChick]

http://youtu.be/u6KXgjLqSTg?t=4m4s

Is this supposed to be a picture of all of us on the forum Adam?

I am the blond in front I guess.  

[g29wheel]

I didn't know bitcoin is so small, if we have a so huge potential why there is people in this forum speaking about 0$ in few months?

Because they're trolls

=======

I am not involved in the stock market, but I'm excited to see what will happen to Bitcoin when the bubble pops.

I would better accumulate as much btc as I can as soon as possible...

[Patel]

I would better accumulate as much btc as I can as soon as possible...

Noone cares what you do..

[derpinheimer]

Low volume dumps. We either haven't seen anything and worst is to come or there is no much will to sell at these levels anymore.

Here's a simple little graph of how many asks there are, on Bitstamp, until $520 |: As the max, within a 24 hour period; rounded to nearest thousand.



So, quite simply, I disagree. Lots of people want to sell.

EDIT: Forgot Sep 06, -- its 6k

So, NOW, all of a sudden we are supposed to believe these fake walls?  I will believe it when I see it.. that is if I see 10k BTC sold between $465 and $520.  If we got enough upward volume, I am fairly confident that a lot of those supposed walls of BTC up to $520 would disappear.... KAPUUUUUT!!!!

They're being sold. Haven't you seen all the market orders eating them?

About 1.5k was pulled today, though.. still, 15k+ had been sold by now.

[Meuh6879]

I didn't know bitcoin is so small, if we have a so huge potential why there is people in this forum speaking about 0$ in few months?

the problem is not the size ... in bitcoin.
the problem (vs financial sector) is that you CAN'T TRADE on bitcoin without a real money deposit.

financial sector use the cash flow to generate marge up ... and then, the industry that it have the cash flow crash after 3 years.

[jeezy]

The S&P 500 is currently in a bubble.

The market cap of S&P 500 is 17.5 trillion dollars.

If only 1% of that money flows into Bitcoin, thats 175 billion adding to the market cap of Bitcoin.

Not saying it will happen, but it's a possibility.

I think that's a little bit highly estimated. Maybe in a timespan over 10 years.

[empowering]

New London based exchange = Bitok https://bitok.com/



http://cointelegraph.com/news/112481/bitok-exchange-launches-in-london

[adamstgBit]

http://youtu.be/u6KXgjLqSTg?t=4m4s

Is this supposed to be a picture of all of us on the forum Adam?

I am the blond in front I guess.  

they have no idea what they are up against.