Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 13073. (Read 26718786 times)

I fucked up, when saw it

Walls are made to be eaten

Short squeeze in action now

ETH has taken it back already

Looking on Bitfinex and there are several 15,000 LTC buy orders all stacked up.  Total is about 50,000 LTC to just go down to 60 dollars.  All I can say is damn, someone really wants LTC to go up. 

Get the fuck out of here with that nonsense.

Yeah, ripple the leech-pariah happens to get pumped, so fucking what?

I'm afraid  you are right

I'm gonna extrapolate and tentatively conclude here too that the GF's juices flowed a bit more readily when she saw the Bmie materialize, and sometimes I believe that gals appreciate bmies as much as guys, and sometimes more, if you know what I mean?  They might not admit it, though... hahahahahaha



Actually, I think that you are correct that there are some things that you can program bots to do fairly easily, but other things are a lot more complicated to program because the circumstances change, and sometimes you might tweak what you are doing a little bit based on a kind of gut feeling about whether one price direction or another has run its course - which may well be difficult to measure or explain to the bot.  For example, "let me splain to you bot, this is what I want you to do in these circumstances, but don't do that unless y & x, and certainly surely a & b are necessary, except when w, and if z is simultaneously present reduce the order by 50%, but if c is present increase the order by 30%."  hahahahaha.. what a nightmare? unless you make the circumstances very basic and overviews rather than the more profitable special situations.

Having said all of that, there are likely circumstances in which I personally would be able to profit from a bot (or bots), but instead, I would rather that BTC price does another 10x, so that I can just spread my order increments out a lot further in order to engage in fewer trades and BIGGER price swings, and just enjoy the already BTC price appreciation with a kind of passive income to myself.




That's what I meant.  I was attempting to suggest that you are likely playing with a larger part of your capital and any one time than I would be wiling to do and likely throwing in a higher percentage of your principle than I would be willing to risk, too.  

Personally, I understand that if you bet correctly, then you surely will make more money by having more capital at risk, but it seems to me that my tactics and strategies tend to err in the more conservative direction.


You could be correct, but it seems to me that there is some erroneous logic here, unless you are just seeing some subtle dynamic that I am not able to spot because my perspective and my practice is different.

I do understand that some markets move more than others and I understand that fees can affect how much you have to increase your spreads in order to become profitable.  I also understand that most exchanges allow you to engage with relatively small minimum bets, like in the $5 range, so frequently, it remains easy enough to trade small amounts.  

I can appreciate that increasing your capital for the purpose of increasing your profits might be prudent, but I don't see how any exchange (and the behavior of others) should be forcing you in that direction - because if you are not a market mover (because you are not playing with 1000s or even 100s of bitcoins or millions of dollars) then you are just attempting to react to various others and anticipate the price direction rather than attempting to push the price direction, right?  


Of course, you can do whatever you feel comfortable with, yet my sense is that you should not be pushing capital amounts UP for pure greed sake, but instead attempting to increase your capital incrementally and also based on how much you can calculate that you are in profits.

My first two years in BTC from late 2013 to mid-2015, I did not trade.  I merely accumulated BTC, and I really did not have much if any plans for selling BTC because whenever I sold any BTC, I would replace the amount sold (and sometimes more than I sold) within a few days of selling the BTC.  However, towards the middle of 2015, i was able to work out some formulas for myself in which I would authorize myself to sell (or trade) BTC within a certain amount of my BTC stash.  I accomplished such authorization by dividing my BTC into three theoretical parts.  The first part was all of the BTC that I acquired for under $280, and the second part was all of the BTC that I acquired for under $500 and then the third part was all of my BTC.  So, I authorized myself to trade a certain percentage of the total BTC of the authorized portion based on the average acquisition price within each of the three categories.  As the BTC price went up, i was able to authorize myself to trade more, but my maximum trading amount still was contained within a formula that I created and that I was comfortable with, and I felt that the formula was not putting unacceptable amounts of risk on my BTC principle.... Furthermore, as profits went up, and my price per BTC went down, I was able to increase my authorizations to the extent that I felt reasonable for me.  I did still tend to trade far below my maximum authorizations, but that tendency of mine has to do with my conservative nature, and also the fact that I set my expectations of profits relatively low.. .Accordingly, my BTC tended to far exceed my profit expectations, so I never felt any need to really push my maximum authorizations, even though I had already established those parameters for myself in the event that I wanted to go in that direction.

It seems to me that you should spend some quality time with yourself to really think through how much risk you are taking and attempt to take some of the pressures off of yourself, which will likely cause you to trade less out of emotion, and to have various cushions that you might, from time to time, employ strategically and rationally rather than emotions that sometimes might get caught up when you are playing with too much of your principle and you have not really thought it out well, so if you end up losing it (which will happen sooner or later if you continue to take BIG risks), then you have difficult times recovering from such losses.

As I said previously, it seems to me that prudent investment strategies take a long time to play out and to build capital, but they likely pay off better in the long term because you do not end up in situations where you ended up losing your principle, and you are always building more and more, rather than making up for high losses that come from time to time when you are  playing too BIG.

 

Mini-Flippening!

Ripple (XRP) ‘Flippens’ Ethereum, Becomes 2nd-Largest Cryptocurrency

https://www.ccn.com/newsflash-ripple-xrp-flippens-ethereum-becomes-2nd-largest-cryptocurrency/

ipotatocoin

I’ve been looking closely at altcoins for years.  Show me one that isn’t a complete basket case. 

What do you mean by that? It’s just some graphics. But it’s high time we started looking at the use case of altcoins too. Cos that’s a popular usecase of BTC. You can’t take it away from crypto currency market. Each supports the other.

I am in a generous mood today.  I have decided that shitcoins are a good thing because they get people interested in crypto and eventually those people figure out the importance of decentralised, immutable ledgers (the smart ones anyway).  And that is enough.

Actually Mic, who gives a ratt's ass, except some folks who are getting mislead by the significance of coin market cap when they have such a shit coin, such as XRP posted up there on CMC? 

Furthermore, it seems to me that there were times in which XRP would have already surpassed bitcoin on a number of occassions, especially if they accounted for its total supply - which also demonstrates their fake restriction of the supply, too.

Perhaps XRP going to number 1 on CMC would be a good thing in order to show more intelligent folks how stupid the XRP manipulated scam bullshit and lack of use case coin (beyond pump and dump ponzi) is being shown on CMC.

Surely a risky proposition for any existing miner to gamble his/her whole livelihood with a possible short-term gain that ends up killing the golden goose and/or causing the miner to personally lose way more than s/he would gain - including becoming thereafter ostracized in the BTC community and even possibly prosecuted depending on how malevolent the behavior can be presented to be.. 

This has been the best trade deal in the history of trade deals, maybe ever

Rationale:  we are going to stick our head above the trend line again to hunt short stops, and then drop back down again. 

I was referring to the massive shitcoin pump that occurred around March of last year. Massive amounts of Bitcoin got traded for shitcoins. They all got pumped almost in the same week, most over several weeks simultaneously.


There is no distinction. Altcoin == shitcoin.