Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27144. (Read 26711601 times)
June 18, 2014, 09:16:32 AM
I love having BTC over 600. Anything in the high 500's just feels like it's bound to cave into the 550 support but above 600 it seems like it's about to take off. Just psychological, non-TA.
June 18, 2014, 09:15:15 AM
I don't know much about tax, how would this affect me if I traded on plus500 as well?
June 18, 2014, 09:00:55 AM
June 18, 2014, 08:59:51 AM
How much do you guys use to trade?
I'd say a professional trader is someone whose main source of income is trading but you're not much of a serious professional trader at less than 70/80BTC of bankroll, what do you guys think?
I'd say a professional trader is someone whose main source of income is trading but you're not much of a serious professional trader at less than 70/80BTC of bankroll, what do you guys think?
During the peak of my trading before I started pulling out due to the volume decline, I was making 500BTC trades.
Nowadays I barely trade at all and don't even want to keep coins/funds on an exchange.
When your trade or have open orders you have money tied down with the exchanges
You can keep the money you have on the exchanges to a minimum but it is a risk anyway
June 18, 2014, 08:04:19 AM
During the peak of my trading before I started pulling out due to the volume decline, I was making 500BTC trades.
Do you mean when MtGox folded, or before that? I can't really decide how to calculate volume. The rapid rise in the Chinese exchanges always felt a bit funny.
June 18, 2014, 08:00:54 AM
June 18, 2014, 07:44:05 AM
If we look at bitfinex swaps for a moment... USD-0.2016%-0.1272%-24,844,849.98 USD. Can someone gives an answer when those long will start to close if the price doesn't move up for a week? For sure we can't expect the price to go up much till the end of the auction... so when the rates on those longs will become to expensive?
Just a quick reply, I'm a long time lurker of this forum. In my opinion many people fails on estimating the swap rates on finex. It's true that the amount of open longs is really high, and the swap cost has been driven up to extortionary rates, but most of the swap has been taken at a much lower rate.
This is an actual example:
Swaps currently provided
Currency N. of Swap Contracts (of 1 unit each) Rate (% per day) Opened at Expire in Actions
USD 2000.0 0.09% 21 May 10:44 2 days Notify
As you can see this is a long term swap provided (granted, not my most successful swap contract...).
This has not even been placed as an autorenew. At that specific moment this was the highest request available, the FRR was even lower (about 0.07%, if I remember correctly).
My point is that in the 24M USD amount are included really low interest rates, and many of that longs have been opened at about 490/500. Again, I don't claim these are the most successful trades, but they're still there.
June 18, 2014, 07:41:38 AM
if you use a magnifier.. you could see that 1w chart for Stamp has gone GREEN 
You mean the 1w MACD? It's actually flipping between red and green now not sure what to do.
June 18, 2014, 07:39:14 AM
if you use a magnifier.. you could see that 1w chart for Stamp has gone GREEN
You mean the 1w MACD? It's actually flipping between red and green now not sure what to do.
June 18, 2014, 07:32:07 AM
1w high is 645
you mean 24h
you mean 24h
June 18, 2014, 07:17:07 AM
if you use a magnifier.. you could see that 1w chart for Stamp has gone GREEN
June 18, 2014, 07:00:55 AM
June 18, 2014, 06:56:35 AM
How much do you guys use to trade?
I'd say a professional trader is someone whose main source of income is trading but you're not much of a serious professional trader at less than 70/80BTC of bankroll, what do you guys think?
I'd say a professional trader is someone whose main source of income is trading but you're not much of a serious professional trader at less than 70/80BTC of bankroll, what do you guys think?
During the peak of my trading before I started pulling out due to the volume decline, I was making 500BTC trades.
Nowadays I barely trade at all and don't even want to keep coins/funds on an exchange.
June 18, 2014, 06:54:31 AM
How much do you guys use to trade?
I'd say a professional trader is someone whose main source of income is trading but you're not much of a serious professional trader at less than 70/80BTC of bankroll, what do you guys think?
I'd say a professional trader is someone whose main source of income is trading but you're not much of a serious professional trader at less than 70/80BTC of bankroll, what do you guys think?
June 18, 2014, 06:23:29 AM
This coming from the guy who analyzes charts and daytrades more than anyone lol.
I know that I'm a trader but I acknowledge that Bitcoin is about much more than trading. Underdog on the other hand, makes posts implying that every other bitcoin participant is a trader so everyone who is selling is doing so out of a weak trading strategy.QFT
It is a good point you make here. As one who is at least as much a user than a trader, the changing value of what is left over in the cashier's till is nice. That this value improves more durably due to the volume of commerce than the volume of traders is a point that some might miss due to its authorship.
June 18, 2014, 06:23:21 AM
If we look at bitfinex swaps for a moment... USD-0.2016%-0.1272%-24,844,849.98 USD. Can someone gives an answer when those long will start to close if the price doesn't move up for a week? For sure we can't expect the price to go up much till the end of the auction... so when the rates on those longs will become to expensive?
I asked bitcoinica users the same question.
never really got an answer.
I'm sure someone here can give an answer
First let's see whether the price indeed stays constant until the auction.
Disclaimer: I never advice the use of leverage.
June 18, 2014, 06:08:23 AM
If we look at bitfinex swaps for a moment... USD-0.2016%-0.1272%-24,844,849.98 USD. Can someone gives an answer when those long will start to close if the price doesn't move up for a week? For sure we can't expect the price to go up much till the end of the auction... so when the rates on those longs will become to expensive?
I asked bitcoinica users the same question.
never really got an answer.
June 18, 2014, 06:00:55 AM
June 18, 2014, 05:34:52 AM
What is a 'weak hand'? Why is this type of penny stock terminology used in bitcoin? Does this imply that bitcoin is some type of investment scheme to hold rather than a currency to use?
I invested to make money and to be able to reach some goals ( the volatility makes it easier than working hard to earn that money
)... I literally don't give a fuck about the technology behind it, it is a cool innovation and all but I don't think it is a reason for to risk my life savings and be a "strong hand" when I could collect profits and not be a greedy bastard.... most of the time people here will attack you when you tell them that you are trading to make a profit or when you tell them you cashed out some of your holdings....That is NOT why you were attacked. You were attacked b/c you failed to articulate any plan that made sense to anyone beyond yourself.. and even then, NOT clear if it made sense.
https://bitcointalksearch.org/topic/bitcoin-all-time-high-and-the-hoarding-theory-poll-included-656657
June 18, 2014, 05:33:44 AM
What is a 'weak hand'? Why is this type of penny stock terminology used in bitcoin? Does this imply that bitcoin is some type of investment scheme to hold rather than a currency to use?
I invested to make money and to be able to reach some goals ( the volatility makes it easier than working hard to earn that money
)... I literally don't give a fuck about the technology behind it, it is a cool innovation and all but I don't think it is a reason for to risk my life savings and be a "strong hand" when I could collect profits and not be a greedy bastard.... most of the time people here will attack you when you tell them that you are trading to make a profit or when you tell them you cashed out some of your holdings....That is NOT why you were attacked. You were attacked b/c you failed to articulate any plan that made sense to anyone beyond yourself.. and even then, NOT clear if it made sense.
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