Topic: This Recent Market Surge, Are You Buying, Selling, or Just Looking? (Read 3323 times)

hahahahaha, I was believing you, sadly it seems you don't believe, if coinbase had limit orders I would be set.

Yeah, I just sold at $710 and placed an buy order at 665$. After it got filled it rose again to 700$ and I sold again, placing a buy order at 650$. After this got filled, I sold at 700$ and placed a buy order at 665$ and after it got filled... ahm do you still believe me?

what does hodling mean again?   I forgot from the last time you young folk told me.

Bought more and still HODLing

Most likely a small buyer around here but for the moment still watching

The lowest I got out of coinbase was $508, the lowest I saw was $505 I didn't take it because I was going for the 400 range which never materialized for me.  It must have occurred while I was sleeping.   Which there were limit orders for coinbase

I picked some up on coinbase around $400 during the last flash crash...  As I am sure all of you have now noticed, the bad news does not bring the prices down nearly as much as it used to.   The news that we have been hit with over the past few months far surpasses that of Silk Road 1.... but bitcoin's resilience is growing stronger day by day

well now $693 is the old $434, and I just bought at $687  hahahahahaaa ... meet my new best friends: 'volatility' and 'media hype'  with them 8 days is two weeks worth of business.

  

Bought some, sold some and now back to just looking..

I'd love it if such new broke, but I can tell you this no major or minor bank will sign one give the present protocol, far too risky.  

However, if my guess is right about the news -- that new security features are coming to the protocol, then that paves the way for your idea and a substantial market surge.

Low volume there indeed....may check it out.

I turn GBP into Euro anyhow, which Stamp then turns into USD.


Could be it! Just so happened to coincide with the Ukrainian crisis but perhaps surge is nothing or not much to do with Ukraine, but hitters trading on insider knowledge. Mind you, the times still 100% coincide with Eastern European business hours. The US was still sleeping when the first 3K bid turned up to liven up a very apathetic market, it was 8.00 am in western Europe and only 7.00 am in UK.

Only those at Bitstamp will know who their high volume customers happened to be and what part of the world they hailed from.

just looking

you guessed it

I have heard from a few credible sources that a major bank is going to be publicly backing bitcoin soon.   I don't know if this is the news that is dropping tomorrow, but I think this news is not too far along the horizon...

I'm definitely keeping what I have.   Each time we see anywhere under $500, I add a few more coins...but I never really sell.   I suppose I could have a few more coins, or a little more money if i really tried to time the market each time with buying and selling, but I am in it for the long haul, so the daily fluctuations don't really concern me...

Ahhhhhhh, ha, this is the reason for the monday morning surge:

"http://newsbtc.com/2014/03/03/blockchain-info-ceo-nic-cary-big-news-dropping-tomorrow/


Blockchain.info CEO Nic Cary: “Big News Dropping Tomorrow”
Eric Calouro | March 3, 2014    | 1 Comment
Nic Cary Exciting News Tweet

That price spike we saw earlier today? There’s probably a good reason for it. Blockchain.info CEO Nic Cary sent out an interesting tweet Monday afternoon with some informaiton to get the bitcoin community’s hearts pumping a little harder:

“This is going to be an exciting week,” he proclaimed. “Some big news dropping tomorrow”.

Are your palms sweating yet?

Of course, no indication on just what that good news is, but it’s most certainly a change of pace from these last few weeks. From bitcoin price drops to the horrifying news that Mt. Gox had lost millions in user funds (and subsequently filed for bankruptcy protection).

We’re not going to speculate, but we’d imagine of Cary considers it “big news”, then it most likely is. Also of interest: Cary @-mentioned both the Bloomberg and Market Makers (a TV program on Bloomberg) Twitter accounts.

What do you suspect is on the horizon?"


clearly people trading on inside info or inside gossip  ... now I have a reason.

If you can handle trading in Euros, and the generally lower volumes, Kraken offers these options, and a bunch of others.

I'm trading on bitfinex mostly right now. I'm just not using the shorting. Bitfinex offers a handful of advanced orders like stop loss and trailing stop loss. I don't use them... because
1. Executing any kind of order at market on bitfinex results in a horrible execution price with massive slippage or somehow that magically skips over other orders on the book.
2. A stop loss doesn't fit in with my bitcoin trading strategy. Bitcoin is too volatile and I believe in its strong fundamentals. Most bitcoin investors are actually in cold storage (and I will be migrating there shortly) and you can't even possibly use a stop loss there.

Panic bought at $618 after buying at $588 and selling at $604.

Watched Bitcoin hit $710..thought about selling but remembered all the times I utterly regretted impulsive Bitcoin trades, so I held....

drove down to my mothers and Bitcoin was at $650, with increasing volume on down trend.....I then panic sold.

Bitcoin now at $670.

In short, I have once again taken away a fraction of the total profits that were on offer today...but fuck me, this beast is so wild what is a man to do? Also done a small dumb short and lost me $100 with that. I am a fucking shit trader.....still make profits...but recently it turns out like 65% - 35% mostly due to impulsive decision making, something that I need to shut off in me, yet, had I impulsively sold at $710, like I felt a screaming need to, I would be in raging profits right now....I hate the fact that nearly every trade I make runs very well for a period of time, but my market exit timing is fucking shocking....either cutting my own throat and walking away with fraction of profits that were on offer or hanging on so long that the trade turns against me.

oh yeah, that and I talked a m8 into buying at $690....incase it went apeshit again, after all, the past couple of times it also rested on low volume before rocketing.....DOH!

Question is now.

Was that it?

Who were the buyers? Were they Ukrainian? If so, we can surely expect more of the same tomorrow when yet more waves capital fleeing the country arrives on Bitstamp. But if we go back to the market sentiment and purchasing power that existed before this meteoric rise, then we could really plummet from here.

This market is too damn heavy on the nerves...

I am with TERA in that i wish to fuck I had just held the coins I had bought at $480, then I wouldn't be stressed by none of this......Or would I?


U trade on Bitstamp right?

Have u got a reliable method for setting such novel trading features as a stop loss or even a profit taking limit order (i.e. at higher than spot price)?

The default trading options on that exchange are fucking abysmal.