Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25733.

Davyd05

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Activity: 574

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Quote from: Argwai96 on September 19, 2014, 01:10:17 AM

Quote from: Davyd05 on September 19, 2014, 01:03:21 AM

Think we'll see fireworks during Friday? catching people of guard, not sure what I expect at this point another leg down or a green spike with everyone thinking it's about to get worse.

I'm expecting more downside, but I'm not sure that this bounce is complete. Could still retest that broken support around $440. So I'm not shorting here. On the flip side, if we steamroll through 2850 CNY, I might have to chase after the train.....

@Argawai96 I'll have fiat on the exchange either way, this is lowering my buy in price. If I wanted out or to day trade those times have come and gone. I wonder how many are just content to lower their average buy in prices.

@Malin Keshar I'd say that will be more obvious with a change of direction, we shall see what kind of tolerance for sideways the market has.

zimmah

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Quote from: JayJuanGee on September 18, 2014, 11:38:40 PM

Quote from: adamstgBit on September 18, 2014, 10:20:42 PM

Quote from: JayJuanGee on September 18, 2014, 10:17:36 PM

Quote from: scarsbergholden on September 18, 2014, 03:58:04 PM

Quote from: Erdogan on September 18, 2014, 03:45:35 PM

They don't evaporate, rust or rot. Ergo, a store of value. What is wrong with you guys?

I have a bunch of rocks in my yard. They formed long, long ago. And they will be with us for a long time to come. How much are they worth to you?

You are coming across as a simpleton.... have you heard of scarcity? Probably you need to edumacate yourself about bitcoin basics before you come in here lecturing about bitcoin's hypothesized lackings as a storage of value.

while you at it google Portability Divisibility & Fungibility

Each of us can become better edumacated about some of the BTC basic features:

scarcity

portability

divisibility

fungibility

and likely several other BIG words.

Bitcoin is getting a quite complex jargon nowadays

HODL
SHOTR
Edumacated
Cut your loose

By the way, did ChartBuddy commit suicide?

Argwai96

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Merit: 1000

Thug for life!

Quote from: Davyd05 on September 19, 2014, 01:03:21 AM

Think we'll see fireworks during Friday? catching people of guard, not sure what I expect at this point another leg down or a green spike with everyone thinking it's about to get worse.

I'm expecting more downside, but I'm not sure that this bounce is complete. Could still retest that broken support around $440. So I'm not shorting here. On the flip side, if we steamroll through 2850 CNY, I might have to chase after the train.....

Malin Keshar

hero member

Activity: 616

Merit: 500

Quote from: Davyd05 on September 19, 2014, 01:03:21 AM

Think we'll see fireworks during Friday? catching people of guard, not sure what I expect at this point another leg down or a green spike with everyone thinking it's about to get worse.

I guess we finally reached the bottom.

We are where we started at May, after all the Gox stuff settled down

Davyd05

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Activity: 574

Merit: 500

Think we'll see fireworks during Friday? catching people of guard, not sure what I expect at this point another leg down or a green spike with everyone thinking it's about to get worse.

Hunyadi

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Merit: 1000

☑ ♟ ☐ ♚

Quote from: Argwai96 on September 19, 2014, 12:57:50 AM

Quote from: Hunyadi on September 19, 2014, 12:49:51 AM

Quote from: Argwai96 on September 19, 2014, 12:03:50 AM

Quote from: JayJuanGee on September 18, 2014, 11:46:30 PM

I believe it is NOT a small fish to have the equivalent of 25 to 100BTC worth of Fiat on BTC-e waiting there (tied up) and ready to buy bitcoins in the event of a flash crash... Yes, I understand that it happened twice in the last 9 months and then it happened once on the upside on the Euro market.

Gotta really spread your money around to prepare for those kindso f eventualities, and personally, I sleep much better with my money in BTC than I would with my money in FIAT on those exchanges, especially during times like these when I am of the belief that BTC prices are quite a bit below the trendline... which in my thinking at any time we could have an upward explosion in price.. and in those circumstances, I would resent having my fiat NOT working for me.

I do have cold storage but all the coins I bought before I started trading were < $100. Something in me won't let myself not hedge my position in a serious downtrend. I'm lucky I never traded on Gox... and I'm aware of the risk of keeping money on these exchanges. BUT this market is so damn juicy. If Huobi/OKcoin/Bitstamp can get down to $270-350 we could rally hard..... that'll be a trade worth taking. Otherwise I'll go back all in on a strong breakout on the daily chart.

Could you share some good hedging strategies in Bitfinex?

I meant hedging in a very general sense. By that I mean, holding dollars waiting for reentry and/or occasionally shorting, as opposed to just holding BTC. I'd consider using futures if only I could understand them (or more to the point, the psychology of that market).

In reality, and I'm sure I'm going against the grain on this forum, but the safest haven right now is the dollar. I'm still waiting for entry into long term gold and silver positions as well, but IMO those are ready to decline significantly over the next year as well.

Ok, thanks! Then we are in the same boat. I would too like to learn futures as hedging strategy.

TPN

full member

Activity: 193

Merit: 100

How did it get so late, so soon?

Can we have cheaper coins?

kurb3l

newbie

Activity: 25

Merit: 0

So here we go again... hope i don't miss buying in

you know, cheap coins!

Argwai96

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Thug for life!

Quote from: Hunyadi on September 19, 2014, 12:49:51 AM

Quote from: Argwai96 on September 19, 2014, 12:03:50 AM

Quote from: JayJuanGee on September 18, 2014, 11:46:30 PM

I believe it is NOT a small fish to have the equivalent of 25 to 100BTC worth of Fiat on BTC-e waiting there (tied up) and ready to buy bitcoins in the event of a flash crash... Yes, I understand that it happened twice in the last 9 months and then it happened once on the upside on the Euro market.

Gotta really spread your money around to prepare for those kindso f eventualities, and personally, I sleep much better with my money in BTC than I would with my money in FIAT on those exchanges, especially during times like these when I am of the belief that BTC prices are quite a bit below the trendline... which in my thinking at any time we could have an upward explosion in price.. and in those circumstances, I would resent having my fiat NOT working for me.

I do have cold storage but all the coins I bought before I started trading were < $100. Something in me won't let myself not hedge my position in a serious downtrend. I'm lucky I never traded on Gox... and I'm aware of the risk of keeping money on these exchanges. BUT this market is so damn juicy. If Huobi/OKcoin/Bitstamp can get down to $270-350 we could rally hard..... that'll be a trade worth taking. Otherwise I'll go back all in on a strong breakout on the daily chart.

Could you share some good hedging strategies in Bitfinex?

I meant hedging in a very general sense. By that I mean, holding dollars waiting for reentry and/or occasionally shorting, as opposed to just holding BTC. I'd consider using futures if only I could understand them (or more to the point, the psychology of that market).

In reality, and I'm sure I'm going against the grain on this forum, but the safest haven right now is the dollar. I'm still waiting for entry into long term gold and silver positions as well, but IMO those are ready to decline significantly over the next year as well.

Hunyadi

legendary

Activity: 1281

Merit: 1000

☑ ♟ ☐ ♚

Quote from: Argwai96 on September 19, 2014, 12:03:50 AM

Quote from: JayJuanGee on September 18, 2014, 11:46:30 PM

I believe it is NOT a small fish to have the equivalent of 25 to 100BTC worth of Fiat on BTC-e waiting there (tied up) and ready to buy bitcoins in the event of a flash crash... Yes, I understand that it happened twice in the last 9 months and then it happened once on the upside on the Euro market.

Gotta really spread your money around to prepare for those kindso f eventualities, and personally, I sleep much better with my money in BTC than I would with my money in FIAT on those exchanges, especially during times like these when I am of the belief that BTC prices are quite a bit below the trendline... which in my thinking at any time we could have an upward explosion in price.. and in those circumstances, I would resent having my fiat NOT working for me.

I do have cold storage but all the coins I bought before I started trading were < $100. Something in me won't let myself not hedge my position in a serious downtrend. I'm lucky I never traded on Gox... and I'm aware of the risk of keeping money on these exchanges. BUT this market is so damn juicy. If Huobi/OKcoin/Bitstamp can get down to $270-350 we could rally hard..... that'll be a trade worth taking. Otherwise I'll go back all in on a strong breakout on the daily chart.

Could you share some good hedging strategies in Bitfinex?

grappa_barricata

full member

Activity: 154

Merit: 100

playing pasta and eating mandolinos

this looks bad

Argwai96

legendary

Activity: 1036

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Thug for life!

Quote from: JayJuanGee on September 18, 2014, 11:46:30 PM

I believe it is NOT a small fish to have the equivalent of 25 to 100BTC worth of Fiat on BTC-e waiting there (tied up) and ready to buy bitcoins in the event of a flash crash... Yes, I understand that it happened twice in the last 9 months and then it happened once on the upside on the Euro market.

Gotta really spread your money around to prepare for those kindso f eventualities, and personally, I sleep much better with my money in BTC than I would with my money in FIAT on those exchanges, especially during times like these when I am of the belief that BTC prices are quite a bit below the trendline... which in my thinking at any time we could have an upward explosion in price.. and in those circumstances, I would resent having my fiat NOT working for me.

I do have cold storage but all the coins I bought before I started trading were < $100. Something in me won't let myself not hedge my position in a serious downtrend. I'm lucky I never traded on Gox... and I'm aware of the risk of keeping money on these exchanges. BUT this market is so damn juicy. If Huobi/OKcoin/Bitstamp can get down to $270-350 we could rally hard..... that'll be a trade worth taking. Otherwise I'll go back all in on a strong breakout on the daily chart.

JayJuanGee

legendary

Activity: 3920

Merit: 11299

Self-Custody is a right. Say no to"Non-custodial"

Quote from: Argwai96 on September 18, 2014, 11:32:35 PM

Quote from: JayJuanGee on September 18, 2014, 11:21:16 PM

Quote from: Argwai96 on September 18, 2014, 08:14:05 PM

Quote from: JayJuanGee on September 18, 2014, 07:48:21 PM

Quote from: hdbuck on September 18, 2014, 02:34:42 PM

my first bid on btc-e is @135$ Grin

edit: and then all the way to 99$ Cheesy

What a fantasy!!!!

You better put some BTC sell orders in the $3,000 price range, too, just in case it goes quickly the other way. Wink

Have you ever traded on BTCE? In February, I caught coins from $140 - $270 (my lowest bids were at $140). In the last cascade, I caught coins from $320 - $360. It's not fantasy at all. BTCE is very thinly traded and extremely easy to manipulate. They will (or someone will) run stops and we could easily cascade down there, given a little push.

I have an account there and i have traded a little bit there, but I have NOT put too much in cash because my average price per BTC is still in the red for 10 months... approximately.

How many coins did you purchase at those discounted prices?

I'm just a little fish in this ocean.... <100 the first time and the second time it only hit my first two bids so it was <25. Back in February I traded only on BTCE, I've since spread out to other exchanges to manage the exchange risk. But sometimes I get ancy knowing that BTCE seems to be the only place that flash crashes like that and actually lets you keep the coins (doesn't roll back like Bitfinex in February)...

I believe it is NOT a small fish to have the equivalent of 25 to 100BTC worth of Fiat on BTC-e waiting there (tied up) and ready to buy bitcoins in the event of a flash crash... Yes, I understand that it happened twice in the last 9 months and then it happened once on the upside on the Euro market.

Gotta really spread your money around to prepare for those kindso f eventualities, and personally, I sleep much better with my money in BTC than I would with my money in FIAT on those exchanges, especially during times like these when I am of the belief that BTC prices are quite a bit below the trendline... which in my thinking at any time we could have an upward explosion in price.. and in those circumstances, I would resent having my fiat NOT working for me.

JayJuanGee

legendary

Activity: 3920

Merit: 11299

Self-Custody is a right. Say no to"Non-custodial"

Quote from: adamstgBit on September 18, 2014, 10:20:42 PM

Quote from: JayJuanGee on September 18, 2014, 10:17:36 PM

Quote from: scarsbergholden on September 18, 2014, 03:58:04 PM

Quote from: Erdogan on September 18, 2014, 03:45:35 PM

They don't evaporate, rust or rot. Ergo, a store of value. What is wrong with you guys?

I have a bunch of rocks in my yard. They formed long, long ago. And they will be with us for a long time to come. How much are they worth to you?

You are coming across as a simpleton.... have you heard of scarcity? Probably you need to edumacate yourself about bitcoin basics before you come in here lecturing about bitcoin's hypothesized lackings as a storage of value.

while you at it google Portability Divisibility & Fungibility

Each of us can become better edumacated about some of the BTC basic features:

scarcity

portability

divisibility

fungibility

and likely several other BIG words.

Argwai96

legendary

Activity: 1036

Merit: 1000

Thug for life!

Quote from: JayJuanGee on September 18, 2014, 11:21:16 PM

Quote from: Argwai96 on September 18, 2014, 08:14:05 PM

Quote from: JayJuanGee on September 18, 2014, 07:48:21 PM

Quote from: hdbuck on September 18, 2014, 02:34:42 PM

my first bid on btc-e is @135$ Grin

edit: and then all the way to 99$ Cheesy

What a fantasy!!!!

You better put some BTC sell orders in the $3,000 price range, too, just in case it goes quickly the other way. Wink

Have you ever traded on BTCE? In February, I caught coins from $140 - $270 (my lowest bids were at $140). In the last cascade, I caught coins from $320 - $360. It's not fantasy at all. BTCE is very thinly traded and extremely easy to manipulate. They will (or someone will) run stops and we could easily cascade down there, given a little push.

I have an account there and i have traded a little bit there, but I have NOT put too much in cash because my average price per BTC is still in the red for 10 months... approximately.

How many coins did you purchase at those discounted prices?

I'm just a little fish in this ocean.... <100 the first time and the second time it only hit my first two bids so it was <25. Back in February I traded only on BTCE, I've since spread out to other exchanges to manage the exchange risk. But sometimes I get ancy knowing that BTCE seems to be the only place that flash crashes like that and actually lets you keep the coins (doesn't roll back like Bitfinex in February)...

JayJuanGee

legendary

Activity: 3920

Merit: 11299

Self-Custody is a right. Say no to"Non-custodial"

Quote from: Argwai96 on September 18, 2014, 08:14:05 PM

Quote from: JayJuanGee on September 18, 2014, 07:48:21 PM

Quote from: hdbuck on September 18, 2014, 02:34:42 PM

my first bid on btc-e is @135$ Grin

edit: and then all the way to 99$ Cheesy

What a fantasy!!!!

You better put some BTC sell orders in the $3,000 price range, too, just in case it goes quickly the other way. Wink

Have you ever traded on BTCE? In February, I caught coins from $140 - $270 (my lowest bids were at $140). In the last cascade, I caught coins from $320 - $360. It's not fantasy at all. BTCE is very thinly traded and extremely easy to manipulate. They will (or someone will) run stops and we could easily cascade down there, given a little push.

I have an account there and i have traded a little bit there, but I have NOT put too much in cash because my average price per BTC is still in the red for 10 months... approximately.

How many coins did you purchase at those discounted prices?

grappa_barricata

full member

Activity: 154

Merit: 100

playing pasta and eating mandolinos

cmon bitcoin, surprise me

keewee

legendary

Activity: 1025

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Quote from: adamstgBit on September 18, 2014, 09:44:06 PM

lets try somthing

everyone looks at the wall on okcoin and imagine it it coming down.

really think about it.

http://bitcoinity.org/markets/okcoin/CNY

Looking a little different now

MinermanNC

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Activity: 2198

Merit: 1000

Quote from: adamstgBit on September 18, 2014, 10:20:42 PM

Quote from: JayJuanGee on September 18, 2014, 10:17:36 PM

Quote from: scarsbergholden on September 18, 2014, 03:58:04 PM

Quote from: Erdogan on September 18, 2014, 03:45:35 PM

They don't evaporate, rust or rot. Ergo, a store of value. What is wrong with you guys?

I have a bunch of rocks in my yard. They formed long, long ago. And they will be with us for a long time to come. How much are they worth to you?

You are coming across as a simpleton.... have you heard of scarcity? Probably you need to edumacate yourself about bitcoin basics before you come in here lecturing about bitcoin's hypothesized lackings as a storage of value.

while you at it google Portability Divisibility & Fungibility

Gotta love those "bilitys" Wink

adamstgBit

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Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: JayJuanGee on September 18, 2014, 10:17:36 PM

Quote from: scarsbergholden on September 18, 2014, 03:58:04 PM

Quote from: Erdogan on September 18, 2014, 03:45:35 PM

They don't evaporate, rust or rot. Ergo, a store of value. What is wrong with you guys?

I have a bunch of rocks in my yard. They formed long, long ago. And they will be with us for a long time to come. How much are they worth to you?

You are coming across as a simpleton.... have you heard of scarcity? Probably you need to edumacate yourself about bitcoin basics before you come in here lecturing about bitcoin's hypothesized lackings as a storage of value.

while you at it google Portability Divisibility & Fungibility

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