Trading Log

[seleme]

their fees are disgrace.

[ineededausername]

their fees are disgrace.

Don't know about you guys but I pay .3%

[fitty]

their fees are disgrace.

Don't know about you guys but I pay .3%

HOLY SHIT YOUR PENIS IS HUGE! Thanks for sharing!

[samson]

their fees are disgrace.

Don't know about you guys but I pay .3%

That's still too much.

[Hawker]

Well the fee question is all academic in that I appear to have lost my 97 Bitcoin and picked up $13k or so which I didn't want.  Coming weekend is a long bank holiday so maybe price will dip then and I'll be back in the game.  For now I'm just thankful I only risked 97 Bitcoin.

[Odalv]

Well the fee question is all academic in that I appear to have lost my 97 Bitcoin and picked up $13k or so which I didn't want.  Coming weekend is a long bank holiday so maybe price will dip then and I'll be back in the game.  For now I'm just thankful I only risked 97 Bitcoin.

I have tried to show you that GOX will make 3x more than you with almost ZERO risk. If you want make btc ... try something different. :-) ... I have started trading(to prove my strategy) with 1 BTC (lose)  then 2 btc (lose 40% in 2 days) :-)

EDIT: but I have learned a lot.

[Odalv]

...snip...

LOL 0,6% for GOX when you sold and 0,6% when you will buy.  ... are you sure you will make profit ?

I'll make 1 BTC.  Its not much but the stake I am playing with isn't much either.

BTW
2100(2003) btc ? ... there is no more than 11,000,000/2,100 = 5 238 people in the world with this amount.

[checkers6676]

also, best tool on the bitcoin market: http://bitcoin.clarkmoody.com/   with this as a close second http://bitcoinity.org/markets?theme=dark

There is a btc address at the bottom of the page to donate to clark moody if it helps you

[fitty]

...snip...

LOL 0,6% for GOX when you sold and 0,6% when you will buy.  ... are you sure you will make profit ?

I'll make 1 BTC.  Its not much but the stake I am playing with isn't much either.

BTW
2100(2003) btc ? ... there is no more than 11,000,000/2,100 = 5 238 people in the world with this amount.

He was talking about his 1 BTC profit and 97 BTC investment. Although 13k USD is probably still a fairly decent size to be playing the market with compared to most of the people on this sub-forum.

[Hawker]

...snip...

LOL 0,6% for GOX when you sold and 0,6% when you will buy.  ... are you sure you will make profit ?

I'll make 1 BTC.  Its not much but the stake I am playing with isn't much either.

BTW
2100(2003) btc ? ... there is no more than 11,000,000/2,100 = 5 238 people in the world with this amount.

He was talking about his 1 BTC profit and 97 BTC investment. Although 13k USD is probably still a fairly decent size to be playing the market with compared to most of the people on this sub-forum.

The question is do I sit on the $13k in the hope Bitcoin fluctuates back to the $136 range or accept my losses and buy in again.  Right now, I'm thinking that I'll leave it a week or so and see how things work out.  The 2100 Bitcoin will stay in cold storage until I can actually prove to myself that I can make a decent return on the first lot.

[fitty]

The question is do I sit on the $13k in the hope Bitcoin fluctuates back to the $136 range or accept my losses and buy in again.  Right now, I'm thinking that I'll leave it a week or so and see how things work out.  The 2100 Bitcoin will stay in cold storage until I can actually prove to myself that I can make a decent return on the first lot.

Depends if you think BTC is going to hit $150 first or $136 first. I'd probably cancel the buy order, wait for it to hit bottom. If it goes down to $125, that buy order at $136 will hurt. I leave sell orders up, I rarely leave buy orders up.

Tuesday (curently today) in Japan should be a day they process a bunch of wire deposits, which could mean money floating around, which could mean a mini rally. I'd wait for a fairly decent drop before I bought in, because those always come. I'm not sure I 100% buy this long weekend boat load of money coming in theory which will bring us to 150-160 shortly.

[Hawker]

The question is do I sit on the $13k in the hope Bitcoin fluctuates back to the $136 range or accept my losses and buy in again.  Right now, I'm thinking that I'll leave it a week or so and see how things work out.  The 2100 Bitcoin will stay in cold storage until I can actually prove to myself that I can make a decent return on the first lot.

Depends if you think BTC is going to hit $150 first or $136 first. I'd probably cancel the buy order, wait for it to hit bottom. If it goes down to $125, that buy order at $136 will hurt. I leave sell orders up, I rarely leave buy orders up.

Tuesday (curently today) in Japan should be a day they process a bunch of wire deposits, which could mean money floating around, which could mean a mini rally. I'd wait for a fairly decent drop before I bought in, because those always come. I'm not sure I 100% buy this long weekend boat load of money coming in theory which will bring us to 150-160 shortly.

My first WoW bot was for the auction house only and it worked on the principle that you should set your target and then stick to it.  My target is a 1 BTC gain and if I achieve that I'll try to do it again and make a 2 BTC gain  I know that if the price does fall to $136 it will probably fall further but there is great value in a bot taking the winnings you targetted as opposed to trying to guess when the market will bounce.

My theory is that by this time next week, the bank holidays will have caused mtgox to run low on cash and I'll have my target  If I am wrong, then a week is a reasonable time to have waited.  The only reason I am in this mess is that I got impatient this morning and killed an order to sell at $145 and sold at $139 instead.  

Thanks for the thought though.  I can see your logic and it does appeal.

[fitty]

The question is do I sit on the $13k in the hope Bitcoin fluctuates back to the $136 range or accept my losses and buy in again.  Right now, I'm thinking that I'll leave it a week or so and see how things work out.  The 2100 Bitcoin will stay in cold storage until I can actually prove to myself that I can make a decent return on the first lot.

Depends if you think BTC is going to hit $150 first or $136 first. I'd probably cancel the buy order, wait for it to hit bottom. If it goes down to $125, that buy order at $136 will hurt. I leave sell orders up, I rarely leave buy orders up.

Tuesday (curently today) in Japan should be a day they process a bunch of wire deposits, which could mean money floating around, which could mean a mini rally. I'd wait for a fairly decent drop before I bought in, because those always come. I'm not sure I 100% buy this long weekend boat load of money coming in theory which will bring us to 150-160 shortly.

My first WoW bot was for the auction house only and it worked on the principle that you should set your target and then stick to it.  My target is a 1 BTC gain and if I achieve that I'll try to do it again and make a 2 BTC gain  I know that if the price does fall to $136 it will probably fall further but there is great value in a bot taking the winnings you targetted as opposed to trying to guess when the market will bounce.

My theory is that by this time next week, the bank holidays will have caused mtgox to run low on cash and I'll have my target  If I am wrong, then a week is a reasonable time to have waited.  The only reason I am in this mess is that I got impatient this morning and killed an order to sell at $145 and sold at $139 instead.  

Thanks for the thought though.  I can see your logic and it does appeal.

I'd probably do it when you're offline. Otherwise I'd keep an eye on it. If it's dropping fast to 136, I'd want to see some sign of a bottom before I bought back in. Because if it goes to $125, then you're putting an ask order at $139. So you're taking some profit and might be putting yourself in a huge hole for the next trade. Don't catch the falling knife is a pretty good approach when the price is dropping quick. =)

[Odalv]

I canceled my orders @$60 morning and set new @$180 and @$130  when the price was @$260. Nice day with friends ... some beer ... got some calls "PRICE IS FALLING !!!" (do not bother "I have my buy orders at 180, 130") .. :-) ... Next morning price was @ $50

[seleme]

you don't hang out with friends or anyone else when you are daytrading bitcoins 

[Hawker]

BTCE is selling Bitcoin for a lot less than MtGox.  In fact, for less than the buy order I have outstanding at MtGox.   Were it not for the old "If it looks too goood to be true, it is too good to be true." saying, I'd cancel the MtGox order and get 100 or so Bitcoin on BTCE.

This forum is full of people who are natural arbitrageurs.  How come this discrepancy exists?

[notme]

BTCE is selling Bitcoin for a lot less than MtGox.  In fact, for less than the buy order I have outstanding at MtGox.   Were it not for the old "If it looks too goood to be true, it is too good to be true." saying, I'd cancel the MtGox order and get 100 or so Bitcoin on BTCE.

This forum is full of people who are natural arbitrageurs.  How come this discrepancy exists?

Fiat's a bitch to move.

[Hawker]

BTCE is selling Bitcoin for a lot less than MtGox.  In fact, for less than the buy order I have outstanding at MtGox.   Were it not for the old "If it looks too goood to be true, it is too good to be true." saying, I'd cancel the MtGox order and get 100 or so Bitcoin on BTCE.

This forum is full of people who are natural arbitrageurs.  How come this discrepancy exists?

Fiat's a bitch to move.

If that's the only reason, I'll try to upload funds to BTCE this week and see how it goes.

EDIT: You were not kidding notme. The only way for me to add funds is OKPAY. OKPAY's fee is 1% and BTC-E fee is 2% for a total of 3% on a deposit!  MtGox also charges 2% for withdrawals. No wonder BTCE appears 5% or so cheaper all the time.

[farfiman]

...snip...

LOL 0,6% for GOX when you sold and 0,6% when you will buy.  ... are you sure you will make profit ?

I'll make 1 BTC.  Its not much but the stake I am playing with isn't much either.

BTW
2100(2003) btc ? ... there is no more than 11,000,000/2,100 = 5 238 people in the world with this amount.

He is in the Vladamir's Club

[Hawker]

My buy order was fulfilled and after MtGox commission I have earned the princely sum of .42226034 Bitcoin profit and have $$3.94781 to boot.

Placed the 97 for sale again for $139.89.  We seem to be bouncing around in the $130s so I'll try to get another half Bitcoin this evening.