TrueCryptonaire
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Activity: 1092
Merit: 1000
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August 17, 2016, 11:09:11 AM |
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I placed a ladder of buy orders on polo's XMR/BTC market at prices from .0035 to .0028.
The size of the orders increases linearly down the ladder. With a small drop in the price I will buy a small amount, with a steep drop the purchase size at each rung grows.
How do you do it?
Sounds pretty right way to do it IMO. By doing it in that way it enables your average price to be lower than buying the same amount of coins each on each rung. Whenever I am buying I am using similar strategy as well but for the sake of simplicity I hold the bitcoin number constant and let the lower price point to buy me more coins on each rung (however I am not buying nor selling my coins at this point). |
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birr
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August 17, 2016, 11:12:33 AM |
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I increase the order size as denominated in btc.
I was also thinking about arranging the order amounts in a crude sort of gaussian distribution, with the bulge somewhere around the middle of the ladder.
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Dotto
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Activity: 981
Merit: 1005
No maps for these territories
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August 17, 2016, 12:33:16 PM |
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I placed a ladder of buy orders on polo's XMR/BTC market at prices from .0035 to .0028.
The size of the orders increases linearly down the ladder. With a small drop in the price I will buy a small amount, with a steep drop the purchase size at each rung grows. The net purchase is a quadratic function of the drop in price, if the price drops.
How would you do it? Make all the orders the same size, so the function is linear?
I have a similar ladder, but more linear/random. I built it some days ago not thinking in any precise arquitecture, but in spontaneus/intuitive fashion. Reading your post I get two conclusions: 1- Your ladder is cooler than mine. How did you calculate it? A bot to do that would be even cooler/faster/less chore 2- That price range is where probably we all are betting right now, so it seems not very probable that anyone is going to give us the cheap coins> Bullish |
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birr
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August 17, 2016, 12:49:58 PM |
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How did you calculate it?
Use triangular numbers. Say your ladder has nine rungs. The sum of one through nine is 45. If you have 20 btc to bid, the first rung will be 1x20/45=0.444btc, the second rung will be 2x20/45, on down to the last rung, which will be 9x20/45=4btc. |
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GreekBitcoin
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Activity: 1428
Merit: 1001
getmonero.org
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August 17, 2016, 05:22:30 PM |
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My wannabe witty bananas speculation:  "From what we see in the frescoes and paintings found at the Palace of Knossos, there are no hints of violence or death. The bull was actually a sacred animal and was never to be killed or tortured in any way." |
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novag
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August 17, 2016, 05:47:25 PM |
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It seems there is movement up to 0.006-0.007
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Donate for the support of a new Martial arts Style - Aikivindo = Aikido + Wing-Chun (in Ukraine) 5168757318423326 PrivatBank. http://aikivindo.com.uaBTC:1DpRaQjdVmrkSopRV8p9RdwvBMWNA9faCS |
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Hueristic
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Activity: 3850
Merit: 5015
Doomed to see the future and unable to prevent it
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August 17, 2016, 05:53:10 PM |
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I increase the order size as denominated in btc.
I was also thinking about arranging the order amounts in a crude sort of gaussian distribution, with the bulge somewhere around the middle of the ladder.
If I was buying I would not do it this way, I would leave it as is as this way will support the current price and slow down your orders being filled. my 2 cents. |
“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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thelibertycap
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August 17, 2016, 05:56:07 PM |
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It seems there is movement up to 0.006-0.007
It is very possible. This recent talk about spreading bids lower with increasing amount tells you all about how investors were treated for a long time and got accustomed to a bear market  |
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nioc
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Activity: 1624
Merit: 1008
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August 17, 2016, 05:56:42 PM |
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I increase the order size as denominated in btc.
I was also thinking about arranging the order amounts in a crude sort of gaussian distribution, with the bulge somewhere around the middle of the ladder.
If I was buying I would not do it this way, I would leave it as is as this way will support the current price and slow down your orders being filled. my 2 cents. If I was buying I wouldn't do it by waiting for the price to come down    |
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MrGood
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Activity: 125
Merit: 100
Chief Technology Officer, NYC
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August 17, 2016, 06:02:38 PM |
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It seems there is movement up to 0.006-0.007
 Ladies and gentlemen, prepare for breakout. |
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BitcoinNewsMagazine
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Activity: 1806
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August 17, 2016, 06:08:47 PM |
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Double top at .004 not a good sign buyers losing interest.
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sandiman
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August 17, 2016, 06:20:42 PM |
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guys don't get fooled by that buy wall, I have to take off my hat to monero whales and thanks them for entertaining me so much and allowing me to improve my trading skills |
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aminorex
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Activity: 1596
Merit: 1029
Sine secretum non libertas
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August 17, 2016, 06:37:39 PM |
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Personally, I am hoping for some serious short interest. At about 400k. I think watching them cover at 500k would be hilarious.
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Give a man a fish and he eats for a day. Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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americanpegasus
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August 17, 2016, 06:40:03 PM |
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You know what's crazy? The other day, if someone wanted to market buy 1% of all initial Monero, they could have acquired 184k Monero and the price would have only increased to about 450k satoshi.
Now they practically can't even do that. The price would increase to nearly 900k satoshi if they tried.
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Account is back under control of the real AmericanPegasus.
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TrueCryptonaire
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Activity: 1092
Merit: 1000
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August 17, 2016, 06:44:35 PM |
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guys don't get fooled by that buy wall, I have to take off my hat to monero whales and thanks them for entertaining me so much and allowing me to improve my trading skills Someone said in Polo trollbox that it is Donald Trump who is building the bid wall of XMR. If this rumour is true it is extremely bullish for Monero. |
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aminorex
Legendary
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Activity: 1596
Merit: 1029
Sine secretum non libertas
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August 17, 2016, 06:54:44 PM |
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guys don't get fooled by that buy wall, I have to take off my hat to monero whales and thanks them for entertaining me so much and allowing me to improve my trading skills Someone said in Polo trollbox that it is Donald Trump who is building the bid wall of XMR. If this rumour is true it is extremely bullish for Monero. But will it have a beautiful door? And is Mexico paying for it? |
Give a man a fish and he eats for a day. Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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sandiman
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August 17, 2016, 07:41:32 PM |
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guys don't get fooled by that buy wall, I have to take off my hat to monero whales and thanks them for entertaining me so much and allowing me to improve my trading skills Someone said in Polo trollbox that it is Donald Trump who is building the bid wall of XMR. If this rumour is true it is extremely bullish for Monero.  this attempt to explain price is extremly bearish coming from you (from trollbox it's just troll) |
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rangedriver
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August 17, 2016, 08:00:58 PM |
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It's a question of T.A vs the Fundamentals, but seeing as T.A has little practical benefit in an immature market such as XMR (save for the purposes of speculative propaganda), it makes very little sense religiously trading in accordance with its boundaries, particularly as doing so goes against the grain of the fundamentals and the obvious upward inertia.
Don't get your fingers burned fiddling with sciences that don't exist.
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aminorex
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Activity: 1596
Merit: 1029
Sine secretum non libertas
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August 17, 2016, 08:08:58 PM
Last edit: August 18, 2016, 04:23:03 AM by aminorex |
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So far the psychological line at 400k has been pretty stiff. But I think that when BTCUSD passes 560 on the way down, it will snap like a diva.
Edit: cbgb Omfug, dat bid!
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Give a man a fish and he eats for a day. Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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TrueCryptonaire
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Activity: 1092
Merit: 1000
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August 17, 2016, 11:06:15 PM |
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guys don't get fooled by that buy wall, I have to take off my hat to monero whales and thanks them for entertaining me so much and allowing me to improve my trading skills Someone said in Polo trollbox that it is Donald Trump who is building the bid wall of XMR. If this rumour is true it is extremely bullish for Monero. But will it have a beautiful door? And is Mexico paying for it? I think it is for the purpose of preventing the free movement of coins - this theory is actually likely because we know he is in the business of building walls. Yes I think the people on the other side of the wall are the ones who are going to pay it.  |
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