What is the deviation for selling and buying in order to break even at a .6% fee.
If I sell 100 shares at $190... I would have $19,000 minus $114 fee = $18,886
I'd need to buy x-(x*.006) shares to get my 100 shares back.
I'd need to buy x= 100.6036217303823 to get my 100 shares back
100.6036217303823 shares at what price will cost $18,886?
100.6036217303823 shares at $x will cost $18,886?
$18,886/$x = 100.6036217303823
$18,886= 100.6036217303823x
x = $187.72684
Therefore, if I sold a 100 shares at $190.00000, I would have to buy in at $187.72684 to get my 100 shares back.
Giving a deviation of $2.27316.
Topic: Pop! - page 2. (Read 4435 times)
Bitcoin frees you from debt, why would you ever want to sell it back for debt-based money?
Bills? mortgages? other shit they wanna buy that doesn't accept bitcoins yet?
So, mini flash-crash, or the bubble just popped?
Just panic sells, when the bubble pops for real you won't have time to get out. It will drop $100 in a minute and it won't be till December before its back up again.
The last time the bubble popped there was a huge intraday upward spike and the downward slope in the following days, weeks and months was much gentler than the climb.
If the history repeats itself, we'll have ample time to notice that the peak is in the past.
Once enough of them decide they want to pay down debt, the price will be lucky to stay in the double digits. Anything above single digits is just too fragile. The depth of this market is still tiny and the price wouldn't withstand more than a few dozen (at best) attempts to buy a modest house within a short period.
Oh hell yeah, proudhon! I was just getting nostalgic for all the Single Digit talk of days gone by. Leave it proudhon to bring up S.D. during these heady times. Don't ever change! 
So, mini flash-crash, or the bubble just popped?
Just panic sells, when the bubble pops for real you won't have time to get out. It will drop $100 in a minute and it won't be till December before its back up again.
hooray! cheap BTC just before December!
So, mini flash-crash, or the bubble just popped?
Just panic sells, when the bubble pops for real you won't have time to get out. It will drop $100 in a minute and it won't be till December before its back up again.
But single digits? No way. Market depth is not that small, and there are still plenty of "late adopters" queueing at Gox in order to pour in fresh fiat.
To put some perspective to that statement. I submitted my ID to MtGOX for verification Sunday afternoon. The site now shows me, "Your Position in the Verification Queue 13640". I was number 13720 about 4 hours ago.
I still don't see cheap bitcoins 
Cheap? is Relative... I saw a nice 10% price drop. What other investment will give you 10% on your money in < 4-5 hours?!
Pachuco, we have seen days with 40% ups&downs in price. If you are into daytrading, BTC is definitely your thing.
I'm for buying and holding, BTW
Only if you can predict the top and bottom. Which at this point is a complete gamble.
But single digits? No way. Market depth is not that small, and there are still plenty of "late adopters" queueing at Gox in order to pour in fresh fiat.
To put some perspective to that statement. I submitted my ID to MtGOX for verification Sunday afternoon. The site now shows me, "Your Position in the Verification Queue 13640". I was number 13720 about 4 hours ago.
I still don't see cheap bitcoins
Cheap? is Relative... I saw a nice 10% price drop. What other investment will give you 10% on your money in < 4-5 hours?!
Pachuco, we have seen days with 40% ups&downs in price. If you are into daytrading, BTC is definitely your thing.
I'm for buying and holding, BTW
But single digits? No way. Market depth is not that small, and there are still plenty of "late adopters" queueing at Gox in order to pour in fresh fiat.
To put some perspective to that statement. I submitted my ID to MtGOX for verification Sunday afternoon. The site now shows me, "Your Position in the Verification Queue 13640". I was number 13720 about 4 hours ago. Soon as I am verified I have $5,000 more to put in...
I still don't see cheap bitcoins
Cheap? is Relative... I saw a nice 10% price drop. What other investment will give you 10% on your money in < 4-5 hours?!
The bids side has lost about $2m in the past few days. The asks have significantly increased. I'd say we're witnessing the reversal.
That's true. I saw the same signs as you did - that's why I have some fiat at Gox waiting for that crash that will allow us to buy cheaper BTC... It's true that if early adopters decide to cash out some hundreds of thousands of BTC we will see a significant decrease in price, and that will be an amazing buying opportunity.
But single digits? No way. Market depth is not that small, and there are still plenty of "late adopters" queueing at Gox in order to pour in fresh fiat.
And frankly speaking: I've been waiting for that decent crash since we were at $40... And so did you... And what happened since then? Let's face reality, my friend
The bids side has lost about $2m in the past few days. The asks have significantly increased. I'd say we're witnessing the reversal.
That's true. I saw the same signs as you did - that's why I have some fiat at Gox waiting for that crash that will allow us to buy cheaper BTC... It's true that if early adopters decide to cash out some hundreds of thousands of BTC we will see a significant decrease in price, and that will be an amazing buying opportunity.
But single digits? No way. Market depth is not that small, and there are still plenty of "late adopters" queueing at Gox in order to pour in fresh fiat.
And frankly speaking: I've been waiting for that decent crash since we were at $40... And so did you... And what happened since then? Let's face reality, my friend
Yeah it dropped 10% in 2 hours time so that was a quick sell off, but obviously now it is doing the BitCoin Hustle and jumping back up to the 190s.
That small dip earned me a nice $78 (after fees) which is a cool 5.1% on my money. Actually sold at $185.49 and repurchased at $179.00.
That small dip earned me a nice $78 (after fees) which is a cool 5.1% on my money. Actually sold at $185.49 and repurchased at $179.00.
The bids side has lost about $2m in the past few days. The asks have significantly increased. I'd say we're witnessing the reversal.
Yeah, or we're witnessing a weekend
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