AUR crash may be opportunity 
Topic: The Bitcoin Speculators Club Is Here ... (Read 3586 times)
AUR crash may be opportunity 
I maintain no bias tonight.
Huobi failed to break 3400 last night amid unclear PBOC statement. This is a sign of strength to me, although there is no sign of trend reversal yet.
The only thing to do in these conditions is to set low buys and hope for a flash crash, but until a break upwards of 600 or downwards of 630 or 3400 at least, I think we should only expect quiet consolidation.
Huobi failed to break 3400 last night amid unclear PBOC statement. This is a sign of strength to me, although there is no sign of trend reversal yet.
The only thing to do in these conditions is to set low buys and hope for a flash crash, but until a break upwards of 600 or downwards of 630 or 3400 at least, I think we should only expect quiet consolidation.
reminder statement from:
OpenEX
The Exchange is Closing on 3 / 27 / 2014 and will not reopened until the LUAPOD platform is complete.
trading is disabled. please cancel all orders immediately.
OpenEX
The Exchange is Closing on 3 / 27 / 2014 and will not reopened until the LUAPOD platform is complete.
trading is disabled. please cancel all orders immediately.
Important message to all day traders using Cryptsy exchange, they have announced the following:
"Minimum order quantities have been removed. Only requirement now is that the order total > 0.00000010. Min fee for any order is 0.00000001"
This obviously will impact day traders, more than non-day traders, essentially it's a cancellation fee, each time you cancel you lose that amount.
So on one hand you are motivated with the Cryptsy points to do more trades, but then demotivated with a cancellation fee.
I think the action was short sighted in to ways:
1) although the fee is tiny subconsciously it will negatively affect how people trade when they occasionally see that negative number at times, or worse end up with a negative coin balance.
2) the financial and goodwill costs will be higher than the revenue driven in by it, most specifically in the lower number of trades offered, but also in the cost of workers needing to explain negative balances.
"Minimum order quantities have been removed. Only requirement now is that the order total > 0.00000010. Min fee for any order is 0.00000001"
This obviously will impact day traders, more than non-day traders, essentially it's a cancellation fee, each time you cancel you lose that amount.
So on one hand you are motivated with the Cryptsy points to do more trades, but then demotivated with a cancellation fee.
I think the action was short sighted in to ways:
1) although the fee is tiny subconsciously it will negatively affect how people trade when they occasionally see that negative number at times, or worse end up with a negative coin balance.
2) the financial and goodwill costs will be higher than the revenue driven in by it, most specifically in the lower number of trades offered, but also in the cost of workers needing to explain negative balances.
99% HODLer, 1% Speculator.
I feel that we are still in a slow decline that should turn around within a couple months.
I feel that we are still in a slow decline that should turn around within a couple months.
lol sorry Armis, I thought that was a funny question. I didnt realise you were talking about Huobi transaction fees. of coarse you know about BTC transactions 
yeah I heard Huobi was going free too, but they will use the spread to make money.
yeah I heard Huobi was going free too, but they will use the spread to make money.
I gave up my long this afternoon and shorted at 575. the rally has had it's chance, and it never came.
this evening the magic number for me is 3400 on huobi. this level broken means any price within reason is exposed, and I would say we will have a good chance of a spike into the 400s.
This level is the shelf formed yesterday after the PBOC announcement. if it can move effortlessly through that point, the market will free-fall.
If bitstamp can break 556 It would have similar meaning but china is calling the shots.
target open but finger on the trigger. I will take profit asap after any large move. the down fall is exponential, so it will end quickly and sharply. with any high volume I would consider a scalp long.
this evening the magic number for me is 3400 on huobi. this level broken means any price within reason is exposed, and I would say we will have a good chance of a spike into the 400s.
This level is the shelf formed yesterday after the PBOC announcement. if it can move effortlessly through that point, the market will free-fall.
If bitstamp can break 556 It would have similar meaning but china is calling the shots.
target open but finger on the trigger. I will take profit asap after any large move. the down fall is exponential, so it will end quickly and sharply. with any high volume I would consider a scalp long.
Thanks for the heads up.
Question: I noticed something about no transactions fees (world's first), is that just for banking or for exchange trading too?
I gave up my long this afternoon and shorted at 575. the rally has had it's chance, and it never came.
this evening the magic number for me is 3400 on huobi. this level broken means any price within reason is exposed, and I would say we will have a good chance of a spike into the 400s.
This level is the shelf formed yesterday after the PBOC announcement. if it can move effortlessly through that point, the market will free-fall.
If bitstamp can break 556 It would have similar meaning but china is calling the shots.
target open but finger on the trigger. I will take profit asap after any large move. the down fall is exponential, so it will end quickly and sharply. with any high volume I would consider a scalp long.
this evening the magic number for me is 3400 on huobi. this level broken means any price within reason is exposed, and I would say we will have a good chance of a spike into the 400s.
This level is the shelf formed yesterday after the PBOC announcement. if it can move effortlessly through that point, the market will free-fall.
If bitstamp can break 556 It would have similar meaning but china is calling the shots.
target open but finger on the trigger. I will take profit asap after any large move. the down fall is exponential, so it will end quickly and sharply. with any high volume I would consider a scalp long.
Someone asked me the following question, since I didn't have a clue I present it to you:
Trader had multiple sell orders open:
1) 100 xyx @ 3.459 BTC
2) 100 xyx @ 3.509 BTC
3) 100 xyx @ 3.519 BTC
4) 100 xyx @ 3.590 BTC
5) 100 xyx @ 3.605 BTC
6) 100 xyx @ 3.609 BTC
7) 100 xyx @ 3.659 BTC
Suddenly, 7 trades are done simultaneously for tiny bits (ie: .004528) of each sell order right up the line. All while the ask and sell price appeared frozen.
This occurred multiple times, once when the ask and sell quantity were high, and other times when the quantities were either low, or high and low.
Questions;
1) What is that called?
2) Who could initiate that: trader manual, trader bot, exchange, or some or all of the above?
3) What is the reason(s) for it?
thanks in advance
Trader had multiple sell orders open:
1) 100 xyx @ 3.459 BTC
2) 100 xyx @ 3.509 BTC
3) 100 xyx @ 3.519 BTC
4) 100 xyx @ 3.590 BTC
5) 100 xyx @ 3.605 BTC
6) 100 xyx @ 3.609 BTC
7) 100 xyx @ 3.659 BTC
Suddenly, 7 trades are done simultaneously for tiny bits (ie: .004528) of each sell order right up the line. All while the ask and sell price appeared frozen.
This occurred multiple times, once when the ask and sell quantity were high, and other times when the quantities were either low, or high and low.
Questions;
1) What is that called?
2) Who could initiate that: trader manual, trader bot, exchange, or some or all of the above?
3) What is the reason(s) for it?
thanks in advance
I'm in as a speculator. Once we get enough people we need to share how much we all have in our trading stash, to determine whether we have enough to move markets or not. We can make more money with different strategies depending on the answer to that question
I won't be disclosing my balance, besides the amount of coins you will find between people who are participating in this discussion and sharing of information won't have enough to move markets. There's several people with 1000's of coins who collude with each other on private IRC channels etc so you would stand no chance at moving the market against people like that.
In regards to the topic at hand, I can see us continuing this slow grind downwards.
The bidsum has dropped form $20 million to just over $11 million in the space of a few weeks. This tells me either the buying pressure isnt there or more people are not leaving money on exchanges. The latter should add to the volatility as the volume rises due to there being less liquidity on the exchanges.
I tried an experiment, learn a lot by way of it, would like to see if others share the view. I've found that there are some times of the day that appear to be ideal for trading specific coins. so the questions are:
- have you found that to be the case for you,
- if so, what is the best time of day to day trade in general, and
- what might be some of the cryptocurrencies, exchanges, or venues that you are able to benefit more from at specific times of the day?
Here are some of my findings:
for coins that are widely held and like LTC and BTC, time of day seems to have little impact, but for some highly volatile coins I've notice that between 2 - 4am est when many are sleeping, and many computers are on auto maintenance (cleaning, formatting, defrage, backing-up, etc ...), exchange activity is basically very few humans against very few bots.
The second best time was between 5am and 5:45am, perhaps this is the period just before viewing the computer, or during S/SSS.
But the sweet spot appears to be that time when the kids are giving you a hard time waking up, breakfast is being consumed, and the mad dash is taking place -- 7am to 7:30am
What's your experience?
- have you found that to be the case for you,
- if so, what is the best time of day to day trade in general, and
- what might be some of the cryptocurrencies, exchanges, or venues that you are able to benefit more from at specific times of the day?
Here are some of my findings:
for coins that are widely held and like LTC and BTC, time of day seems to have little impact, but for some highly volatile coins I've notice that between 2 - 4am est when many are sleeping, and many computers are on auto maintenance (cleaning, formatting, defrage, backing-up, etc ...), exchange activity is basically very few humans against very few bots.
The second best time was between 5am and 5:45am, perhaps this is the period just before viewing the computer, or during S/SSS.
But the sweet spot appears to be that time when the kids are giving you a hard time waking up, breakfast is being consumed, and the mad dash is taking place -- 7am to 7:30am
What's your experience?
Agreed. I'm not sure if this would make it the "best" time to trade, but there certainly seems to be more action around the time when the US wakes up (7-9am EST) and during dinner time for me (7-8pm EST)
oh, perhaps I should have qualified my statement, that seem to be the best time to get the lowest buy prices (bargains)
I tried an experiment, learn a lot by way of it, would like to see if others share the view. I've found that there are some times of the day that appear to be ideal for trading specific coins. so the questions are:
- have you found that to be the case for you,
- if so, what is the best time of day to day trade in general, and
- what might be some of the cryptocurrencies, exchanges, or venues that you are able to benefit more from at specific times of the day?
Here are some of my findings:
for coins that are widely held and like LTC and BTC, time of day seems to have little impact, but for some highly volatile coins I've notice that between 2 - 4am est when many are sleeping, and many computers are on auto maintenance (cleaning, formatting, defrage, backing-up, etc ...), exchange activity is basically very few humans against very few bots.
The second best time was between 5am and 5:45am, perhaps this is the period just before viewing the computer, or during S/SSS.
But the sweet spot appears to be that time when the kids are giving you a hard time waking up, breakfast is being consumed, and the mad dash is taking place -- 7am to 7:30am
What's your experience?
- have you found that to be the case for you,
- if so, what is the best time of day to day trade in general, and
- what might be some of the cryptocurrencies, exchanges, or venues that you are able to benefit more from at specific times of the day?
Here are some of my findings:
for coins that are widely held and like LTC and BTC, time of day seems to have little impact, but for some highly volatile coins I've notice that between 2 - 4am est when many are sleeping, and many computers are on auto maintenance (cleaning, formatting, defrage, backing-up, etc ...), exchange activity is basically very few humans against very few bots.
The second best time was between 5am and 5:45am, perhaps this is the period just before viewing the computer, or during S/SSS.
But the sweet spot appears to be that time when the kids are giving you a hard time waking up, breakfast is being consumed, and the mad dash is taking place -- 7am to 7:30am
What's your experience?
Agreed. I'm not sure if this would make it the "best" time to trade, but there certainly seems to be more action around the time when the US wakes up (7-9am EST) and during dinner time for me (7-8pm EST)
I tried an experiment, learn a lot by way of it, would like to see if others share the view. I've found that there are some times of the day that appear to be ideal for trading specific coins. so the questions are:
- have you found that to be the case for you,
- if so, what is the best time of day to day trade in general, and
- what might be some of the cryptocurrencies, exchanges, or venues that you are able to benefit more from at specific times of the day?
Here are some of my findings:
for coins that are widely held and like LTC and BTC, time of day seems to have little impact, but for some highly volatile coins I've notice that between 2 - 4am est when many are sleeping, and many computers are on auto maintenance (cleaning, formatting, defrage, backing-up, etc ...), exchange activity is basically very few humans against very few bots.
The second best time was between 5am and 5:45am, perhaps this is the period just before viewing the computer, or during S/SSS.
But the sweet spot appears to be that time when the kids are giving you a hard time waking up, breakfast is being consumed, and the mad dash is taking place -- 7am to 7:30am
What's your experience?
- have you found that to be the case for you,
- if so, what is the best time of day to day trade in general, and
- what might be some of the cryptocurrencies, exchanges, or venues that you are able to benefit more from at specific times of the day?
Here are some of my findings:
for coins that are widely held and like LTC and BTC, time of day seems to have little impact, but for some highly volatile coins I've notice that between 2 - 4am est when many are sleeping, and many computers are on auto maintenance (cleaning, formatting, defrage, backing-up, etc ...), exchange activity is basically very few humans against very few bots.
The second best time was between 5am and 5:45am, perhaps this is the period just before viewing the computer, or during S/SSS.
But the sweet spot appears to be that time when the kids are giving you a hard time waking up, breakfast is being consumed, and the mad dash is taking place -- 7am to 7:30am
What's your experience?
I'm in as a speculator. Once we get enough people we need to share how much we all have in our trading stash, to determine whether we have enough to move markets or not. We can make more money with different strategies depending on the answer to that question
I'm not sure that collusion was the objective of this club
I won't be disclosing my trading balances here
I'm in as a speculator. Once we get enough people we need to share how much we all have in our trading stash, to determine whether we have enough to move markets or not. We can make more money with different strategies depending on the answer to that question
I'll post the first chart 
Some common levels used in channels to show support/resistance during a trending move.
The more points of contact, the more reliable the channel. In a downtrend, connect two (or more) points on the top and make a parallel line at a low. In an uptrend, connect two lows and make the parallel on a high.
Yes, this only works until it doesn't, but you can see that this has merit in the traders toolbox.
Some common levels used in channels to show support/resistance during a trending move.
The more points of contact, the more reliable the channel. In a downtrend, connect two (or more) points on the top and make a parallel line at a low. In an uptrend, connect two lows and make the parallel on a high.
Yes, this only works until it doesn't, but you can see that this has merit in the traders toolbox.
Hi Im in.
at your service. I am a jack of all trades and I consider that a good thing. when one gets caught up in fundamentals, TA, indicators, or sentiment on their own, it just doesnt work out.
I hope I can add a consistent balance to the forum.
at your service. I am a jack of all trades and I consider that a good thing. when one gets caught up in fundamentals, TA, indicators, or sentiment on their own, it just doesnt work out.
I hope I can add a consistent balance to the forum.
I'm in, for sporadic discourse.
I'd be a holder, by your definitions, just curious mostly.
If I could offer any advice to the real speculators out there (or "in here") would be to pay close attention to the history of bitcoin, and when price action does not fit conventional technical analysis, be prepared to accept the fact that this is not like anything that has been traded before and traditional technical analysis may not always hold true. (It mostly does, but please do not stay married to your position when the market is moving the wrong way, no matter how hard the technicals are screaming at you, because bitcoin)
I'd be a holder, by your definitions, just curious mostly.
If I could offer any advice to the real speculators out there (or "in here") would be to pay close attention to the history of bitcoin, and when price action does not fit conventional technical analysis, be prepared to accept the fact that this is not like anything that has been traded before and traditional technical analysis may not always hold true. (It mostly does, but please do not stay married to your position when the market is moving the wrong way, no matter how hard the technicals are screaming at you, because bitcoin)
Technicals should keep you from marrying your position.
Exactly. Perma bulls and perma bears are not technical analysts. They are buffoons.
Most of the time in bitcointalk, the perma bulls are treated like technical analysts. There was no reason whatsoever to think that the BTC market will turn bullish after MtGox loss of customer funds. But most of the forum cheered for couple of buffoons that somehow were so sure of it.
The funny thing is that soon those buffoons will start acting like they always knew that this "uptrend" won't succeed. And the sheep will follow them in "always knowing about it".
Im in,
By your criteria I guessed Id be a speculator.
Id consider myself abit of a holder as well as I'd rather hold BTC with the price going down than $ with the price going up. One of the most important things ive learnt about trading BTC is knowing when to cut your losses.
By your criteria I guessed Id be a speculator.
Id consider myself abit of a holder as well as I'd rather hold BTC with the price going down than $ with the price going up. One of the most important things ive learnt about trading BTC is knowing when to cut your losses.
I'm in, for sporadic discourse.
I'd be a holder, by your definitions, just curious mostly.
If I could offer any advice to the real speculators out there (or "in here") would be to pay close attention to the history of bitcoin, and when price action does not fit conventional technical analysis, be prepared to accept the fact that this is not like anything that has been traded before and traditional technical analysis may not always hold true. (It mostly does, but please do not stay married to your position when the market is moving the wrong way, no matter how hard the technicals are screaming at you, because bitcoin)
I'd be a holder, by your definitions, just curious mostly.
If I could offer any advice to the real speculators out there (or "in here") would be to pay close attention to the history of bitcoin, and when price action does not fit conventional technical analysis, be prepared to accept the fact that this is not like anything that has been traded before and traditional technical analysis may not always hold true. (It mostly does, but please do not stay married to your position when the market is moving the wrong way, no matter how hard the technicals are screaming at you, because bitcoin)
Technicals should keep you from marrying your position.
Exactly. Perma bulls and perma bears are not technical analysts. They are buffoons.
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