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

[ChartBuddy]

Explanation

[N12]

So this guy is basically arguing that EMH (strong form, where any public fundamental/technical knowledge leads to 0 return) is true. If it is, then why would you stick money month after month (like he says he does) into this particular asset, and not some other? As a gambling hobby?

[N12]

What about all those little barracudas that do both, just to survive? Do you really consider them retarded, from the highs of your lucky-early-adopter-loaded position?

It's not a matter of how many Bitcoins I do or do not have - it's a known fact that day trading (in general, not specific to BItcoin) is a negative sum game.

Anybody who is not cheating is just achieving random returns.

Over long time scales, the lifetime returns of all investors converge to the same average value (except for the ones that manage to cheat).

Never mind, just scrolled back a little and it seems the argument is reduced to "daytrading". Well, if you daytrade Bitcoin (every day open up at least one position and close it before day's end), you will most likely indeed never be profitable longer term for the simple reason that fluctuations in the shorter time frames are more likely to be noise. For daytrading, you need many assets to choose from so you can filter it down to meaningful moves.

But, it seems to me that when you mean daytrading you are talking about trading in general (like many who know no other form of trading than "daytrading"), which can extend to months and years of holding time. If buy&hold has some positive expectation value, then so does trading with random entries and exits, excluding commission and slippage. So aside from paying more to trade and wasting one's time, WTF is the difference?

[Cheeseonastick]

So short term trading is a gamble, but long term trading is skill. That's real logical.

[podyx]

Should I choose week, month or quarter on OKcoin when margin trading?

I have opened a 0.1 bitcoin 20x leverage long order. Does that mean I will get the gains of having 2 bitcoins? IE $2 for every dollar the bitcoin price goes up?

[ShroomsKit]

Look at these idiots go. Fucking dumbass traders.

[shmadz]

Best TA I've seen in a long time, but for the life of me I can't remember if the alpaca formation is supposed to be bullish or bearish

[N12]

Look at these idiots go. Fucking dumbass traders.

[MICRO]

Best TA I've seen in a long time, but for the life of me I can't remember if the alpaca formation is supposed to be bullish or bearish

100% bullish

[prophetx]

what i dont understand is why price went up after silkroad.2 bust ?

What if price and news are not very correlated?

i think russian is a bigger news

whats the russia news?

more btc confiscated by FBI etc means lower supply temporarily btw

[ChartBuddy]

Explanation

[fonzie]

Almost 4000 shorts opened on Finex in the last hours. Someone is establishing himself a large short position(that guy with all those 500+1000BTC asks).
He better hopes that China (and Stamp) won´t try to rape him

[podyx]

If I move in with a 3 btc 20x leverage on $345 (if it were to dip), when is a good closing price?? I'm thinking $1300? (gonna reopen with 10x leverage after again probably)

[Thomas-s]

Almost 4000 shorts opened on Finex in the last hours. Someone is establishing himself a large short position(that guy with all those 500+1000BTC asks).
He better hopes that China (and Stamp) won´t try to rape him

They're just asking to get raped.

[fonzie]

If I move in with a 3 btc 20x leverage on $345 (if it were to dip), when is a good closing price?? I'm thinking $1300?

500$ or 10000$ it´s up to you 

[bobboooiie]

when exactly is bitstamp closing down the unverified users ?

[Thomas-s]

If I move in with a 3 btc 20x leverage on $345 (if it were to dip), when is a good closing price?? I'm thinking $1300? (gonna reopen with 10x leverage after again probably)

You should seriously start with 0.1 instead of 3 btc.

[podyx]

If I move in with a 3 btc 20x leverage on $345 (if it were to dip), when is a good closing price?? I'm thinking $1300? (gonna reopen with 10x leverage after again probably)

You should seriously start with 0.1 instead of 3 btc.

I have leveraged 0.1 with 20x already but I'm planning to move in with 3 btc pretty soon

But I don't know what the difference is on that week BTC, month BTC and quarter BTC thing?

I used quarter BTC (cause I want to go long for a pretty long time)

[fonzie]

If I move in with a 3 btc 20x leverage on $345 (if it were to dip), when is a good closing price?? I'm thinking $1300? (gonna reopen with 10x leverage after again probably)

You should seriously start with 0.1 instead of 3 btc.

I have leveraged 0.1 with 20x already but I'm planning to move in with 3 btc pretty soon

But I don't know what the difference is on that week BTC, month BTC and quarter BTC thing?

I used quarter BTC

It doens´t make any difference anymore. Until 2-3 weeks ago, you were only able to withdraw your profits on the closing time of your contract but they abolished that.

https://www.okcoin.com/shequ/themeview.do?tid=79

[podyx]

Ok, thanks.

I apologize for my noobishness btw but I've never traded before and barely had a clue about what leverage was until a week ago.