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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 24663. (Read 26713624 times)

legendary
Activity: 1176
Merit: 1000
Drifting higher. Almost all my coins are lent out on bitfinex although the swap rate is tosh. Thanks for the interest gamblers Smiley
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
sr. member
Activity: 378
Merit: 254
...
It was never real or sustainable.

Spoiler justusranvier, don't look!

sr. member
Activity: 270
Merit: 250
this is the original version of a Chinese pump



also known as

fuck a duck
legendary
Activity: 1400
Merit: 1013
Do you consider a competent poker player a "gambler"? If yes, I'm okay with calling the act of trading that as well: both are (risk controlled) finite resource bets on a stochastic process, based on the limited ability to predict future outcomes of that process.

If, on the other hand, a competent poker player is not a gambler, while a trader is, I would like to hear what makes predictions of the 'poker' process different from predictions of the 'market' process. Or, if both of them are gamblers, but neither of them has a chance to be EV+ in your view, then I'd like to see an explanation of why a competent poker player beats an incompetent time after time, (almost) independent of the cards that have been dealt. Been there myself, lost some money in the process Cheesy
Poker is not a pure game of chance in the same way that a slot machine is a pure game of chance. (I've added enough disclaimers about cheating in prior posts, so mentally insert them where appropriate)

I don't know exactly what mechanism makes trading a game of pure chance, but the evidence shows that it must be.

The first way we know is that because if a strategy existed which consistently resulted in EV+, then one single entity could follow it and eventually own the entire market, at which point it's no longer market. Markets continue to exist, therefore no EV+ strategy exists.

The other way we know it's a game of pure chance is because when enough data is collected on the lifetime behavior of all traders, the results are consistent with playing a game of chance, with about the number of outliers one would expect given the sample size (every once in a while 20 random coin flips will come up all heads in a row).
I should also clarify that I'm talking about gains relative to the overall market. When the entire market is moving up due to the addition on money from external sources, it's easy for individual traders to see patterns that look like successful strategies, but aren't in fact.

Imagine 100 gamblers playing slot machines that start out at 99.5% payout, then as they continue to play the operators gradually increase the payout past 100% to 110%, then lower it back down to 100% and finally back to where it started.

That's what the infusion of the Baby Boomer's 401k money did to the market, and also to the perceptions of the people involved in it.

Every strategy that appeared to work from the early 1980s until the mid 2000s only did so because the market had been temporarily turned into a positive sum game by tax policy and other regulatory manipulation.

It was never real or sustainable.
hero member
Activity: 504
Merit: 500
Moderator

Maybe you should try it first with 0.1 BTC to get used to the system?  Cheesy

Maybe so..

You can also switch from contracts to BTC as unit if you click on the settings wheel.
legendary
Activity: 1456
Merit: 1000
surely this is the end of bear season...   Grin Grin Grin
N12
donator
Activity: 1610
Merit: 1010
In this market, you either buy or you get bought from.
hero member
Activity: 1274
Merit: 500
Proof-of-Stake Blockchain Network
Wait......did someone setup their bot wrong again!?  We are supposed to be going down people.  Wink Cheesy
Pretty sure Willy the Wanted is setup correctly.
You mean Wirry.
N12
donator
Activity: 1610
Merit: 1010
Wait......did someone setup their bot wrong again!?  We are supposed to be going down people.  Wink Cheesy
Pretty sure Willy the Wanted is setup correctly.
legendary
Activity: 1400
Merit: 1000
I owe my soul to the Bitcoin code...
Wait......did someone setup their bot wrong again!?  We are supposed to be going down people.  Wink Cheesy
legendary
Activity: 2338
Merit: 1035

Maybe you should try it first with 0.1 BTC to get used to the system?  Cheesy

Maybe so..
legendary
Activity: 2002
Merit: 1040
Support to 350 looking good on Stamp
legendary
Activity: 2464
Merit: 1037
Oldschool!
legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
$357.33 - Coin Desk
legendary
Activity: 2338
Merit: 1035
Can anyone explain how I can open a 10x leverage 3 btc long order on okcoin?

How many contracts do I need to open?
1 Contract = 100 $
Also do x20 or you'll feel like missing out.

Alright, but I if I buy 200 contracts now with 20x leverage, that is $1000
And in the future I sell them for $1000, how am I supposed to make money on this unless the bitcoin price would go down??


By selling them for more than 1000?

I mean I can sell them for $20k

But when can I do that?
hero member
Activity: 504
Merit: 500
Moderator
Can anyone explain how I can open a 10x leverage 3 btc long order on okcoin?

How many contracts do I need to open?

You have to look at your available contracts in the upper bar. You can see your maximum there. 1 contract is equal to 100$, so around 107 contracts would be 30 BTC.

Yea but I have 20x leverage so it's only 1.5 btc right?

Maybe you should try it first with 0.1 BTC to get used to the system?  Cheesy
legendary
Activity: 1615
Merit: 1000
Can anyone explain how I can open a 10x leverage 3 btc long order on okcoin?

How many contracts do I need to open?
1 Contract = 100 $
Also do x20 or you'll feel like missing out.

Alright, but I if I buy 200 contracts now with 20x leverage, that is $1000
And in the future I sell them for $1000, how am I supposed to make money on this unless the bitcoin price would go down??


By selling them for more than 1000?
legendary
Activity: 2338
Merit: 1035
Can anyone explain how I can open a 10x leverage 3 btc long order on okcoin?

How many contracts do I need to open?

You have to look at your available contracts in the upper bar. You can see your maximum there. 1 contract is equal to 100$, so around 107 contracts would be 30 BTC.

Yea but I have 20x leverage so it's only 1.5 btc right?
legendary
Activity: 2338
Merit: 1035
Can anyone explain how I can open a 10x leverage 3 btc long order on okcoin?

How many contracts do I need to open?
1 Contract = 100 $
Also do x20 or you'll feel like missing out.

Alright, but I if I buy 200 contracts now with 20x leverage, that is $1000
And in the future I sell them for $1000, how am I supposed to make money on this unless the bitcoin price would go down??
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