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bittenbob (OP)
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January 22, 2012, 05:02:53 AM |
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I think there is about to be another play by the bots. I may be crazy but I have been noticing them coming into action every hour today, almost always a few minutes within the beginning of the hour. Hmm
Wait another hour before the big moving takes place. I have noticed that the last several bot battles seem to occur at 1AM EST. It used to be 3AM EST but they have moved it up 2 hours. |
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"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi
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buck92
Newbie
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Activity: 42
Merit: 0
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January 22, 2012, 05:08:01 AM |
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Looks like I was wrong...been looking at too many numbers and charts today. I've been waiting for something to happen since the price dropped from 6.50 to its current levels, but everything has just been stagnating. Just gotta have patience  |
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bittenbob (OP)
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January 22, 2012, 05:41:19 AM |
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Looks like I was wrong...been looking at too many numbers and charts today. I've been waiting for something to happen since the price dropped from 6.50 to its current levels, but everything has just been stagnating. Just gotta have patience Patience is the only way to make money. When I started I was a little jumpy and would trade emotionally resulting in a loss of about 5%. Ever since I took emotions out and only play based on larger movements I have been a lot more successful. My advice would be to get yourself in a position where you will be fine no matter what the price does. Right now Im a little heavier in USD than BTC but ideally you should be 50/50 with your positions about 25% away from current market values. My trading volume has dropped significantly but I only care how much I can grow my BTC and USD. |
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bittenbob (OP)
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January 22, 2012, 05:49:30 AM |
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Speaking of fake walls there are a number of apparently fake 300BTC walls on the order book as sells as far as I can see. We are approaching 1AM EST so it is almost zero hour for the bot showdown if we are going to have one tonight.
In addition the results of the poll look very balanced which suggests we will remain in the current price range for the time being. After closer examination of the order book there is a lot of depth required to move significantly in any one direction. Perhaps I should have made the poll whether or not you believe we have reached metastability with the current price.
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proudhon
Legendary
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Activity: 2198
Merit: 1311
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January 22, 2012, 05:53:33 AM |
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Speaking of fake walls there are a number of apparently fake 300BTC walls on the order book as sells as far as I can see. We are approaching 1AM EST so it is almost zero hour for the bot showdown if we are going to have one tonight.
In addition the results of the poll look very balanced which suggests we will remain in the current price range for the time being. After closer examination of the order book there is a lot of depth required to move significantly in any one direction. Perhaps I should have made the poll whether or not you believe we have reached metastability with the current price.
I don't think anything of significance is going to happen at 1AM EST. |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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Serge
Legendary
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Activity: 1050
Merit: 1000
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January 22, 2012, 06:08:22 AM |
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i don't know how you guys can think we are going down with so much support
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Serge
Legendary
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Activity: 1050
Merit: 1000
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January 22, 2012, 06:28:12 AM |
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i'm seeing good balance of support and resistance in $6-7 range with possibility of another rally in the next 1-2 weeks, of course i don't exclude another rundown but imho support will push it back up above $6 pretty quick if that happens
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bittenbob (OP)
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January 22, 2012, 06:44:36 AM |
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Billy Bitcoin Manipulator the bitcoin groundhog saw his shadow and ran back into hiding. I predict 24 more hours of price stagnation.
There was a 2K BTC spike at 1:05 however but it did not have much of an impact on price due to the market depth.
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stochastic
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January 22, 2012, 07:03:26 AM |
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I just thought I would make this poll to see where everyone things the price will be a week from now. Trading ranges are split into $0.50 increments.
Feel free to discuss your vote below.
Is there a binary trading platform for bitcoin. For example, I bet 100 Bitcoins that Bitcoins will be over $7 in 7 days. If it is then I make 200 Bitcoins, if I am wrong then I lose the 100 Bitcoins. That would be an interesting idea but wouldn't work out too well for the house. I am sure someone could make as site facilitating this but they would require their own fee to be taken out of the final prize pool (say 1% or 2BTC). My vision of this would be a site that would match you up with someone who is willing to bet 100BTC it won't be. I was thinking something like Intrade where they sell contracts on future events where the current price of the contract reflects the probability of the event occurring. |
Introducing constraints to the economy only serves to limit what can be economical.
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StewartJ
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January 22, 2012, 07:05:53 AM
Last edit: January 22, 2012, 07:23:46 AM by StewartJ |
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i'm seeing good balance of support and resistance in $6-7 range with possibility of another rally in the next 1-2 weeks, of course i don't exclude another rundown but imho support will push it back up above $6 pretty quick if that happens
Am going to play neutral for just for a while longer. No BTC exposed overnight, and storing a few low bids, just in case the Smack-Down Witch shows up. |
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Otoh
Donator
Legendary
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Activity: 3024
Merit: 1105
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January 22, 2012, 09:35:33 PM
Last edit: January 22, 2012, 09:51:42 PM by Otoh |
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BTC a virtual currency being fought over by bots, seems appropriate, I wonder if one could pitch this to the Tee Vee as a concept/competition, open for all bots to enter, Anthropomorphic them somewhat to at least robot like level - the TA bot, the GS & MS bots (will arrange for Bitcoin to be made illegal or compulsory whilst playing), the Mystic bots, Voodoo bots, 100% Bull bots, bear bots, momentum bots, MIT bot, etc., give them each (or let them put up) a $100 & BTC 25 float to start with & let the wars begin, first bot to $1,000 or BTC 250 wins all the other looser bot's stakes, adjust for 2nd, 3rd place & wooden spoon prizes if needed, can use all exchanges & Bitcoinica (any number of accounts there), executed positions shown once a day, active (& cancelled) ones not revealed until after game ends
let loose the bitcoin bots of war (catch phrase)
I just sent an unrelated book today to a friend of a friend for a friend who works for the studios in LA at a high level & know also a sometimes successful screenplay writer, may just see if they'd fancy a bite
edit: there would only be one episode though I see because the manipulator's bot would win every time as he swung $250,000 back & forth on the exchanges & Btc-ica to guarantee it
*crumples up draft pitch & lobs it in to the bin
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Costia
Newbie
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Activity: 28
Merit: 0
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January 22, 2012, 10:01:09 PM |
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you could do that on testnet without any casualties
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bittenbob (OP)
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January 23, 2012, 02:41:02 AM |
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Voting is now locked. Quite the even distribution among all the options. I will reiterate that I think this is a sign we are in a stable trading range.
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StewartJ
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January 23, 2012, 02:50:09 AM |
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Voting is now locked. Quite the even distribution among all the options. I will reiterate that I think this is a sign we are in a stable trading range.
Very telling that your poll results are not overly bullish. |
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teflone
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January 23, 2012, 03:16:30 AM |
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Stable.. no..
Everyone realizing they cant change where ever the manipulator wants us, Yes..
The manipulator is not a ghost anymore, they exist, they showed themselves last week in a bold show of power.
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Dutch Merganser
Member
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Activity: 84
Merit: 10
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January 23, 2012, 03:28:28 AM
Last edit: January 23, 2012, 03:56:30 AM by Dutch Merganser |
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Stable.. no..
Everyone realizing they cant change where ever the manipulator wants us, Yes..
The manipulator is not a ghost anymore, they exist, they showed themselves last week in a bold show of power.
+1 You got it. Freeze like a bunny. |
"Science flies you to the Moon, religion flies you into buildings."
- Victor Stenger
"Religion is regarded by the common people as true, by the wise as false, and the rulers as useful."
- Seneca the Elder (ca. 54 BCE - ca. 39 CE) Roman rhetorician
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StewartJ
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January 23, 2012, 04:33:42 AM |
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Stable.. no..
Everyone realizing they cant change where ever the manipulator wants us, Yes..
The manipulator is not a ghost anymore, they exist, they showed themselves last week in a bold show of power.
The Evil Smack-Down Witch can release the Flying Monkeys any time. |
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teflone
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January 23, 2012, 04:36:40 AM |
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Stable.. no..
Everyone realizing they cant change where ever the manipulator wants us, Yes..
The manipulator is not a ghost anymore, they exist, they showed themselves last week in a bold show of power.
The Evil Smack-Down Witch can release the Flying Monkeys any time. Im just frightened that the evil smack down aka manipulator is just bitcoinica adjusting its hedges.. and having cascading effects when liquidations happen...  Food for thought albeit paranoid ones..  |
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bittenbob (OP)
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January 23, 2012, 04:40:24 AM |
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Stable.. no..
Everyone realizing they cant change where ever the manipulator wants us, Yes..
The manipulator is not a ghost anymore, they exist, they showed themselves last week in a bold show of power.
The Evil Smack-Down Witch can release the Flying Monkeys any time. Im just frightened that the evil smack down aka manipulator is just bitcoinica adjusting its hedges.. and having cascading effects when liquidations happen... Food for thought albeit paranoid ones.. I have been saying this for a while now. This is why I have submitted it as a question to be asked during Zhou's interview. |
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notme
Legendary
Offline
Activity: 1904
Merit: 1002
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January 23, 2012, 04:43:57 AM |
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Im just frightened that the evil smack down aka manipulator is just bitcoinica adjusting its hedges.. and having cascading effects when liquidations happen... Food for thought albeit paranoid ones.. I have been saying this for a while now. This is why I have submitted it as a question to be asked during Zhou's interview. I believe this will prove to be paranoia. You don't have to be Zhoutong to profit from the liquidations. |
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Poll
