Boooooooorrrrrrrriiiiiiinnnnnngggg! | Bitcointalksearch.org

GigaCoin

sr. member

Activity: 308

Merit: 251

Giga

Quote from: smoothie on April 29, 2013, 12:13:06 AM

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

phorensic

hero member

Activity: 630

Merit: 500

It sucks when the price is stable like this. I need it to be volatile to make money as a trader.

dykast

newbie

Activity: 59

Merit: 0

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.

MAbtc

hero member

Activity: 826

Merit: 508

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.

seleme

legendary

Activity: 2772

Merit: 1028

Duelbits.com

Quote from: ElectricMucus on April 29, 2013, 03:31:06 PM

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.

ElectricMucus

legendary

Activity: 1666

Merit: 1057

Marketing manager - GO MP

Come to btc-e and trade some altcoins, there is always some pump&dump going in at least one of them.

dykast

newbie

Activity: 59

Merit: 0

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.

meangreen

member

Activity: 70

Merit: 10

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.

old_engineer

sr. member

Activity: 387

Merit: 250

Quote from: arepo on April 29, 2013, 12:15:02 AM

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#rg60zczsg2011-07-01zeg2011-08-30ztgSzm1g10zm2g25zv

That 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.

phoenix1

hero member

Activity: 798

Merit: 1000

Quote from: AmazonStuff on April 29, 2013, 02:41:27 PM

It's still boring...

Trading/market watching is boring for the majority of the time IMO

AmazonStuff

hero member

Activity: 628

Merit: 500

It's still boring...

phelix

legendary

Activity: 1708

Merit: 1020

Quote from: Elwar on April 28, 2013, 11:52:11 PM

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

Tongue

ManBearPig

sr. member

Activity: 350

Merit: 250

"Don't go in the trollbox, trollbox, trollbox"

Quote from: ?? on ??

stability is under rated

This.

goxed

legendary

Activity: 1946

Merit: 1006

Bitcoin / Crypto mining Hardware.

Quote from: smoothie on April 29, 2013, 12:13:06 AM

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

FFMG

member

Activity: 82

Merit: 10

Quote from: notme on April 29, 2013, 01:01:42 AM

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

massivebitman

full member

Activity: 224

Merit: 100

Quote from: notme on April 29, 2013, 01:01:42 AM

Quote from: awakening on April 29, 2013, 12:47:43 AM

Quote from: crazy_rabbit on April 29, 2013, 12:42:56 AM

boring is good. Grin

No. It isn't if you like to do daytrading, or at least have some fun staring at bitcoinity. Grin

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

Rampion

legendary

Activity: 1148

Merit: 1018

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.

notme

legendary

Activity: 1904

Merit: 1002

Quote from: jl2012 on April 29, 2013, 03:05:48 AM

Please shorten/break the topic. It's too long to fit in a small screen Undecided

bitcoinstore.com

They have lots of larger screens Tongue

.

jl2012

legendary

Activity: 1792

Merit: 1111

Please shorten/break the topic. It's too long to fit in a small screen Undecided

XxionxX

sr. member

Activity: 254

Merit: 250

Digital money you say?

Mmmm Sideways coins. My wallet feels happy. Although I do love a good roller coaster Grin

Topic: Boooooooorrrrrrrriiiiiiinnnnnngggg! (Read 3622 times)