I have 9btc in bitstamp at 1000 should I wait?

[BaiMangal]

I developed a bot that trades on bitstamp. It simply buys when price is dropping and sells when going up. ppl call it B'n'H I think.. buy and hold:)

it has a step and volume, it bought when btc was going down and now I have 9btc tight in the range of 1000-1100

Do you think its ok to wait to get back to 1100?
I guess no one knows but dunno thought I post and see what people think.

btw if anyone wants the bot let me know... I can post the source code too its in c-sharp. I am unsure how to use github yet but might try put it in there

[1715274924]

1715274924

[MiningBuddy]

I'd be interested in looking at the source as I'm trying to learn some C# at the moment 

[dark143i]

Yes, you can definitely wait. And I believe it would correct itself and go back to 1100 or so. Its just a down Trend due to the news in china. Soon will recover. so HOLD Tight Good luck.

[MsCollec]

Yes, you can definitely wait. And I believe it would correct itself and go back to 1100 or so. Its just a down Trend due to the news in china. Soon will recover. so HOLD Tight Good luck.

+1 very soon we will be hitting $1500

[Vancete]

BTC will reach 1100 (and so more) again, no doubt.

Lucky you, anyway

[BitcoinDenvini]

I think 1100 is realistic very soon again.

[Michael Robinson]

I also bought my first bitcoins at $1050, then watched in dismay as it crashed down to $500.  I couldn't even panic sell, because Coinbase took the money out of my account but hasn't given me my bitcoins yet.  So all I could do is literally watch and question myself nonstop as to whether I made a horrible decision or not.  However, when it hit $500 it suddenly reversed itself, and has been climbing ever since.  I have no doubt now that it will climb back up to what I paid, but now I have a major decision to make at that point...walk away happy I broke even after a near heart attack, or wait and see if it goes higher.  Same boat as you my friend!

[il--ya]

I also bought my first bitcoins at $1050, then watched in dismay as it crashed down to $500.  I couldn't even panic sell, because Coinbase took the money out of my account but hasn't given me my bitcoins yet.  So all I could do is literally watch and question myself nonstop as to whether I made a horrible decision or not.  However, when it hit $500 it suddenly reversed itself, and has been climbing ever since.  I have no doubt now that it will climb back up to what I paid, but now I have a major decision to make at that point...walk away happy I broke even after a near heart attack, or wait and see if it goes higher.  Same boat as you my friend!

Go to bitcoincharts and look at the trade history for MtGox for the whole period, tick "exponential" box to make it more obvious. You will see that there were crashes before (real crashes, not just corrections like the recent one). It's just babies hiccups now.
Also note that nobody is actually selling bitcoins in panic (red volume bars are relatively low).
http://bit.do/UFKMRm

[BaiMangal]

I'd be interested in looking at the source as I'm trying to learn some C# at the moment  

ha I am not the best to be copied for programming although I been doing it for close to 15 years now haha

here is a link to the code:
https://www.dropbox.com/sh/wrnygco1irc2zoh/wbLiAraj7C

after you download and extract the zip files make sure you have Visual Studio 2012 and install Newsoft.Json (Json.net)
It in VS in the packegs the extended options, see the screen shot here http://www.nuget.org/

after you install that create a MSSQL DB and create a schema in it called btcranger then ran the SQL file in the link above

the 2 zip files:
BitstampAPIBridge.zip - contains the project with the a source for a dll that links with the bitstamp API

BTCRanger.zip - conatins the actual bot source
This file has a dll called NMALib it is part of an app for android notifications you can get it from here www.notifymyandroid.com if you want to have notifications send to your phone.

You need to create an API key from bitstamp
You also have to make sure you have correct setting in the App.config for connection to DB and API connetion.

If you find a bug please let me know so I can apply the fix too

feel free to ask for help with setting the environment. if you only want an EXE to run the bot I can do a build and out it here too

the bot has a zedgraph in it but I would not recommend using it as it slows the program big time. I only was playing around with it.

have fun!

I think I will wait and hope the price will hit back 1100 after all no body knows hehe

P.S. If I forgot to remove my personal SQL Logins and my API please let me know ASAP so I can change them and prvent ppl playing with my data

[USB mining]

is it even legal? in plus500, you get banned for things like that.

[peterbyte]

yes it is legal. At btc-e you can see how many bots are trading there.

[zalzane]

is it even legal? in plus500, you get banned for things like that.

mtgox, btce, vircurex, and every other exchange I know of exposes their market data through an API, and allows bots to trade through that API