XxionxX
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Activity: 254
Merit: 250
Digital money you say?
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April 29, 2013, 07:53:42 AM |
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Mmmm Sideways coins. My wallet feels happy. Although I do love a good roller coaster  |
FAP Turbo 2.0, the FOREX trading robot which also trades bitcoin! I had to link it because I love the name. Seriously, that is the real name.
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jl2012
Legendary
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Activity: 1792
Merit: 1097
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April 29, 2013, 08:05:48 AM |
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Please shorten/break the topic. It's too long to fit in a small screen  |
Donation address: 374iXxS4BuqFHsEwwxUuH3nvJ69Y7Hqur3 (Bitcoin ONLY)
LRDGENPLYrcTRssGoZrsCT1hngaH3BVkM4 (LTC)
PGP: D3CC 1772 8600 5BB8 FF67 3294 C524 2A1A B393 6517
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notme
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Activity: 1904
Merit: 1002
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April 29, 2013, 08:12:23 AM |
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Please shorten/break the topic. It's too long to fit in a small screen bitcoinstore.com They have lots of larger screens  . |
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Rampion
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Activity: 1148
Merit: 1018
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April 29, 2013, 08:16:08 AM |
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All the indicators, including bid/ask sum, seem to lead us to a stability period. ATM market seems to be "on hold".... Obviously this is a very fragile equilibrium, it would just take a couple of big buys/dumps to trigger panic selling or buying.  |
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massivebitman
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April 29, 2013, 08:17:09 AM |
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boring is good. No. It isn't if you like to do daytrading, or at least have some fun staring at bitcoinity. My bot has made over 100 trades the past couple days... It is this kind of stable market where daytrading profits come easiest. In more volatile markets, the risk is way higher. Sure the reward is too, but I prefer reliable profits and a liquid market. And I think most merchants and consumers would agree with that last point. What exactly does your bot do? Oh and guys, you realise it's only just turned Monday where it matters... I'd say we're on the verge of a breakout |
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FFMG
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Activity: 82
Merit: 10
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April 29, 2013, 08:17:20 AM |
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My bot has made over 100 trades the past couple days... It is this kind of stable market where daytrading profits come easiest.
Out of curiosity, what sort of bot do you use? FFMG |
BTC : 1EQG1ZdThvkauvm2HBBWMvXTBBJQB5hfjG
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goxed
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Activity: 1946
Merit: 1006
Bitcoin / Crypto mining Hardware.
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April 29, 2013, 08:37:50 AM |
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As a long term bull,
I like the fact that the price has been holding steady over $100.
The longer this holds the more it gets engrained into people's psyche that bitcoins are worth more than $100.
Stability also consists of small amounts of volume over time = lots of volume.
Building a base at these prices is really a good thing.
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Revewing Bitcoin / Crypto mining Hardware.
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ManBearPig
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April 29, 2013, 09:02:49 AM |
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stability is under rated
This. |
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phelix
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Activity: 1708
Merit: 1020
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April 29, 2013, 09:25:42 AM |
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Crash or rocket to the moon already!
Entertain me speculators!
Blitz: shortened title
1.) build a crazy bot that buys/sells at random 2.) enjoy the ride while it lasts |
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AmazonStuff
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April 29, 2013, 07:41:27 PM |
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It's still boring...
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phoenix1
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April 29, 2013, 07:46:46 PM |
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It's still boring...
 Trading/market watching is boring for the majority of the time IMO |
"Before you embark on a journey of revenge, dig two graves" - Confucius (China 551BC-479 BC)
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old_engineer
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April 29, 2013, 08:16:00 PM |
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agree, sideways has historically always been bullish.
Not so: price went sideways around $14 for about a month, July 4th-August 1 2011, and was followed by a drop to $6 August 6th: http://bitcoincharts.com/charts/mtgoxUSD#rg60zczsg2011-07-01zeg2011-08-30ztgSzm1g10zm2g25zvThat said, I agree that since the primary use of bitcoin these days is as a store of value, sideways should mean the market goes up. Investors don't need balls the size of wheelbarrows to hold on to their BTC through the daily rollercoasters. On the flip side, the google trends data indicates that money flow into the exchanges will likely be dropping as fewer new people hear about BTC, same as the slow drop during summer and fall 2011. But a strong buyer has been enforcing a ~$120 bottom the past week, yet whenever the price breaks $150, thousands of coins seem to appear out of nowhere and get sold on the exchanges. With all of these strong and conflicting signals, for the first time in a long time, I don't have a good idea where the market is going in the next two weeks. Therefore, my guess is that it keeps going sideways in the $120-$150 range. It's a good time for an anti-volatility trading strategy: sell when the price is the highest it's been in the past ~24 hrs, and set a rebuy $3-5 lower. |
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meangreen
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April 29, 2013, 08:24:58 PM |
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why dont you guys who are bored go and day trade in the real markets. or at least tell why you dont want to play with the big boys.
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dykast
Newbie
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Activity: 59
Merit: 0
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April 29, 2013, 08:29:45 PM |
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And my exact opposite reply of the above^
If you guys are bored. You can always take some play money to btc-e.com You can trade with all sorts of altcoins that have no future but are fun to play with. There is a ton of volatility and manipulation. There is also the trollbox (chatbox) which is a great source of laughter and horrible financial advice. There is money to made there.
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ElectricMucus
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Activity: 1666
Merit: 1057
Marketing manager - GO MP
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April 29, 2013, 08:31:06 PM |
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Come to btc-e and trade some altcoins, there is always some pump&dump going in at least one of them.
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seleme
Legendary
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Activity: 2772
Merit: 1028
Duelbits.com
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April 29, 2013, 08:35:31 PM |
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Come to btc-e and trade some altcoins, there is always some pump&dump going in at least one of them.
all of them are pumped as hell in last week or so, barely any where you have some chance with prices at this moment, maybe trc eventually. LTC - 0.03 NMC - 0.009 PPC - 0.0029 NV - 0.032 TRC - 0.0049 that's all way over prices that were regular in recent weeks. |
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MAbtc
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April 29, 2013, 08:43:18 PM |
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Love catching the pumps on altcoins. Indeed, all have been way too pumped lately to buy in. Missed the last LTC chicken LOL. Too bad.
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dykast
Newbie
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Activity: 59
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April 29, 2013, 08:44:16 PM |
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Watching a 500k LTC sell wall crush its way down for a couple hours today was fun and the trollbox freaking out went work go by quickly. Made a couple btc off it as well.
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phorensic
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April 29, 2013, 09:01:17 PM |
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It sucks when the price is stable like this. I need it to be volatile to make money as a trader.
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GigaCoin
Sr. Member
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Activity: 308
Merit: 251
Giga
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April 29, 2013, 09:09:17 PM |
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As a long term bull,
I like the fact that the price has been holding steady over $100.
The longer this holds the more it gets engrained into people's psyche that bitcoins are worth more than $100.
Stability also consists of small amounts of volume over time = lots of volume.
Building a base at these prices is really a good thing.
+1 |
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