Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 21575. (Read 26609871 times)
June 05, 2015, 08:29:16 AM
Just in case you forgot where we are heading to
June 05, 2015, 08:26:30 AM
day trading is fucking boring..... how do people make money doing this shit?
Most people lose money when day trading, although the price is now so stable it's difficult to lose or make any money.
A few months ago there used to be wild price swings in short spaces of time that you could lose/make money off, but they seem to have stopped. Now the price is plain boring.
It's super boring and tedious way to make a buck. As soon as you sell you want it to go down, as soon as you buy u want it to go up... it's insanity. It's also really annoying because as soon as I sell the goddamn thing goes up and as soon as I buy the goddamn thing goes down.
Looking for bigger moves, holding a position for a few weeks/months.
When an obvious setup pops up (like a little pennant breakout/breakdown like we saw this past month) you can day-trade (closing the position after a few hours), but mostly you don't wanna over-trade this, during choppiness is better to do nothing and avoid trading noise.
BTC is known for big ridiculous moves upwards and for prolonged crashes into the ground. You don't wanna over-trade the little moves while missing the big ones
Checking the price once every few days/weeks is sufficient for that, no stress required.
It's a relatively easy market to trade if you know what you are doing.
It's also really annoying because as soon as I sell the goddamn thing goes up and as soon as I buy the goddamn thing goes down.
There is a reason for that. It's no coincidence. It's because most of the time trading goes against what you intuitively would do when buying/selling. If you trade you need to decondition yourself and avoid thinking like the "herd".We all think like the herd at the beginning
June 05, 2015, 08:22:42 AM
why is the price stagnant? Why do I have a feeling someone has been dumping BTC for a long time, thus suppressing the price.
June 05, 2015, 08:13:19 AM
From Gemini Instagram, Launching soon:
https://instagram.com/geminidotcom/
Rocket to Moon:
https://instagram.com/p/3e2gb8hNuJ/?taken-by=geminidotcom
https://instagram.com/geminidotcom/
Rocket to Moon:
https://instagram.com/p/3e2gb8hNuJ/?taken-by=geminidotcom
The name Gemini comes from the Latin word for “twins,” and relates to the twins Castor and Pollux in Greek mythology.
Gemini = Twins = Two
So this means that Bitcoin will be in 2 digits by the time they will release that over-mediatized shit exchange.
June 05, 2015, 08:11:35 AM
day trading is fucking boring..... how do people make money doing this shit?
They don't. Bots do. Nevertheless, I presume that the time-delay interval is killing most of them. No exchange has an API which is THAT responsive to assure you the transaction will be done when it was programmed. Therefore, most of the times afaic the prediction; you're good, but just too late. On the other hand I know people that pay a lot of BTC to use such bots and -they claim- they got some BTCs back. Who knows?
June 05, 2015, 08:08:51 AM
day trading is fucking boring..... how do people make money doing this shit?
Most people lose money when day trading, although the price is now so stable it's difficult to lose or make any money.
A few months ago there used to be wild price swings in short spaces of time that you could lose/make money off, but they seem to have stopped. Now the price is plain boring.
It's super boring and tedious way to make a buck. As soon as you sell you want it to go down, as soon as you buy u want it to go up... it's insanity. It's also really annoying because as soon as I sell the goddamn thing goes up and as soon as I buy the goddamn thing goes down.
June 05, 2015, 07:57:30 AM
day trading is fucking boring..... how do people make money doing this shit?
Most people lose money when day trading, although the price is now so stable it's difficult to lose or make any money.
A few months ago there used to be wild price swings in short spaces of time that you could lose/make money off, but they seem to have stopped. Now the price is plain boring.
June 05, 2015, 07:57:22 AM
June 05, 2015, 07:54:02 AM
As long as the Chinese stay fascinated with their overhyped, overvalued tech stock market, bitcoin is not going anywhere.
June 05, 2015, 07:50:28 AM
day trading is fucking boring..... how do people make money doing this shit?
June 05, 2015, 07:34:01 AM
Just watching chartbuddy, I noted that Coinbase bids are almost always highest but seem to track the others. It seems like this for a long while. Could this be interpreted as some American(s) slowly accumulating from other exchanges via arbitrage? Or is this just because the volume is much lower?
edit: meant bids
edit: meant bids
June 05, 2015, 07:20:56 AM
From Gemini Instagram, Launching soon:
https://instagram.com/geminidotcom/
Rocket to Moon:
https://instagram.com/p/3e2gb8hNuJ/?taken-by=geminidotcom
https://instagram.com/geminidotcom/
Rocket to Moon:
https://instagram.com/p/3e2gb8hNuJ/?taken-by=geminidotcom
Don't show that to BayAreaCoins, he might get tricked into thinking moon is guaranteed...
June 05, 2015, 07:13:10 AM
From Gemini Instagram, Launching soon:
https://instagram.com/geminidotcom/
Rocket to Moon:
https://instagram.com/p/3e2gb8hNuJ/?taken-by=geminidotcom
https://instagram.com/geminidotcom/
Rocket to Moon:
https://instagram.com/p/3e2gb8hNuJ/?taken-by=geminidotcom
When it was at $300.
I even like the two, just don't trust rocket launch countdown things
Spaceflight is hard. It's risky. And sometimes you have a RUD (Rapid Unscheduled Disassembly).
June 05, 2015, 07:10:42 AM
From Gemini Instagram, Launching soon:
https://instagram.com/geminidotcom/
Rocket to Moon:
https://instagram.com/p/3e2gb8hNuJ/?taken-by=geminidotcom
https://instagram.com/geminidotcom/
Rocket to Moon:
https://instagram.com/p/3e2gb8hNuJ/?taken-by=geminidotcom
When it was at $300.
I even like the two, just don't trust rocket launch countdown things
June 05, 2015, 07:08:51 AM
From Gemini Instagram, Launching soon:
https://instagram.com/geminidotcom/
Rocket to Moon:
https://instagram.com/p/3e2gb8hNuJ/?taken-by=geminidotcom
https://instagram.com/geminidotcom/
Rocket to Moon:
https://instagram.com/p/3e2gb8hNuJ/?taken-by=geminidotcom
Don't show that to BayAreaCoins, he might get tricked into thinking moon is guaranteed...
June 05, 2015, 06:57:56 AM
June 05, 2015, 06:55:34 AM
June 05, 2015, 06:54:39 AM
RT talking bout Bitcoin's in-depth features:
June 05, 2015, 06:53:58 AM
Its happening!
June 05, 2015, 06:53:06 AM
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