Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29124. (Read 26710163 times)
March 02, 2014, 07:59:48 AM
The low volume is concerning and a true indicator that the price isn't quite right. Like has been said if these were really 'cheap coins' then we would have people clamoring to buy them, I think the gox effect and the loss of faith of many early adopters, along with their funds will be felt for a while longer.
March 02, 2014, 07:59:06 AM
Dare to sell your signals? I would be interested to buy 
buy my signals ? nope , not for sale, I share some of my signals for free here and most of the time i get trashed.
Disclaimer: this doesn't mean I get them 100% right and also this doesn't mean I am giving a financial advise or a trade advice, you should make then on your own.
March 02, 2014, 07:53:33 AM
well this is what comes up for "bitcoin china" on google search (I guess the reporter has to make something up to eat pay the bills)
http://blogs.marketwatch.com/thetell/2014/02/28/mt-gox-falls-but-china-is-seeing-a-bitcoin-gold-rus
http://blogs.marketwatch.com/thetell/2014/02/28/mt-gox-falls-but-china-is-seeing-a-bitcoin-gold-rus
I guess the reporter had to make up something positive quick, to make good on the payola she got from the store.
Huobi has been the largest exchange in the world by volume, by far, for several months.
Its volume has been steadily shrinking since the historic records Tuesday Feb/25, like that of all exchanges.
That historic record was apparently caused by the week-long turmoil in all markets following MtGOX closure.
China has 60% to 80% of the total trade volume, but this percentage goes up and down. It has been increasing of late, but mainly because trade outside China has shrunk more than trade in China.
March 02, 2014, 07:51:51 AM
Dare to sell your signals? I would be interested to buy
You've made 50X your original buy-in? So about the same as everyone who's been holding for a year, right? Is it worth all the stress to marginally outperform the market? I mean, you don't seem to be enjoying it, judging from your posts.
I'm not marginally outperforming the market. I'm outperforming it by 5,000%. You must have misinterpreted my post.
Let me get this straight. Bitcoin is up ~600% since you started trading, so you've made ~300X profit in fiat terms? Is that what you're claiming? That's difficult to believe considering some of the bad calls you've made.
Good morning, I told you that people trade and make profit and you didnt believe and I showed you screen shots of my trades and my profits but you still attack traders and shoot buy and hold buy and hold, you know if I did that my average BTC cost would be 55.7 or near that, but you know what is my BTC average now ? well it is not $10 and not 5 and not $1 and not even $0.1/BTC but it is $-700, yes negative, that means that each BTC has generated $700 for me already, and that means even if BTC goes to $0 I wouldnt be effected, because it is like I sold all my BTC at $700.
I never told you it is bad to buy and hold, in fact this is what I recommend all my friends to do, but we do trade and we are aware of the risks, for now if BTC price wont drop further and if we stay at this price or shoot up to 600-650 I will have to buy back with a 30-35 BTC loss and I am aware of this risk.
but we tend to challenge the market by predicting moves and we get rewarded with X% profit or get fucked up, this is why trading is not for everyone...
Go away with your emotional buy and hold propoganda. I've heard it a million times and I'm not interested in the buy and hold strategy. If all I ever did was buy and hold I'd have 2% of what I have now. I'd have NOTHING.
You've made 50X your original buy-in? So about the same as everyone who's been holding for a year, right? Is it worth all the stress to marginally outperform the market? I mean, you don't seem to be enjoying it, judging from your posts.
Let me get this straight. Bitcoin is up ~600% since you started trading, so you've made ~300X profit in fiat terms? Is that what you're claiming? That's difficult to believe considering some of the bad calls you've made.
Good morning, I told you that people trade and make profit and you didnt believe and I showed you screen shots of my trades and my profits but you still attack traders and shoot buy and hold buy and hold, you know if I did that my average BTC cost would be 55.7 or near that, but you know what is my BTC average now ? well it is not $10 and not 5 and not $1 and not even $0.1/BTC but it is $-700, yes negative, that means that each BTC has generated $700 for me already, and that means even if BTC goes to $0 I wouldnt be effected, because it is like I sold all my BTC at $700.
I never told you it is bad to buy and hold, in fact this is what I recommend all my friends to do, but we do trade and we are aware of the risks, for now if BTC price wont drop further and if we stay at this price or shoot up to 600-650 I will have to buy back with a 30-35 BTC loss and I am aware of this risk.
but we tend to challenge the market by predicting moves and we get rewarded with X% profit or get fucked up, this is why trading is not for everyone...
March 02, 2014, 07:40:32 AM
I do suspect that Huobi might be used as a means of manipulating USD exchange price
Its trade volume is usually 8x to 10x that of Bitstamp. If that translates into liquidity too, then Huobi will have a much larger effect on Bitstamp than the other way around.
Namely, when an arbitrager buys an amount of BTC on Huobi and sells the same amount on Bitstamp, the drop at the Bitstamp is usually much bigger than the rise at Huobi. So the effect of arbitrage is to pull Bitstamp closer to Huobi, rather than the other way around.
March 02, 2014, 07:17:37 AM
We should get together and buy an island with bitcoins, call it Satoshi Island and have the currency as BTC of course, use the bitcoin protocol to vote trade etc.. and live happily ever after.
It would be nothing but endless Goxings. And as with any utopia, who would clean the toilets?
Even a bitcoin new rich would consider cleaning your toilet, if the compensation is high enough. But it would probably be cheaper to hire the NSA guys living in the tent outside your house.
March 02, 2014, 07:16:22 AM
Bitcoin phrase of 2014 : "PRICED IN"
lol, agreed
It shits me how everything is always 'priced in'
China laws? ... no worries, priced in!
Russia ban? ... are you kidding, priced in!
Russian unban?!! ... told ya mate, priced in!
Mt Gox crash? ... too easy! priced in!
Mark K detailed at airport with 750K coins in paper wallets ... you guessed it!
Im exaggerating obviously but you get the point.
March 02, 2014, 07:15:12 AM
Bitcoin phrase of 2014 : "PRICED IN"
lol, agreed
It shits me how everything is always 'priced in'
China laws? ... no worries, priced in!
Russia ban? ... are you kidding, priced in!
Russian unban?!! ... told ya mate, priced in!
Mt Gox crash? ... too easy! priced in!
Mark K detailed at airport with 750K coins in paper wallets ... you guessed it!
Im exaggerating obviously but you get the point.
March 02, 2014, 07:14:33 AM
calm before the storm 
March 02, 2014, 07:13:15 AM
BTW volume is horribly low, you would expect people fighting over these "cheap prices" and rallying to buy while it is still "cheap"...
type in bitcoin china in google search I guess they are buying in at this price there
(hey just what I saw on a google search)
go figure
my 2c worth
Searing
I don't see any buying on exchanges.... I am watching charts like zombie but nope... look at the pic down 5 trades in the last 7 minutes !!! and they bearly make 1 BTC all together
you would see crazy rally of people buying if the price was right....
volume is really low. I saw 15min periods with less than 1btc in trading. Many of them are below 15btc...
March 02, 2014, 07:03:30 AM
March 02, 2014, 06:48:43 AM
There is supposedly some retail "HFT" bot that has gotten popular in China with the zero fee trading. Is there some info around on it and its algos?
March 02, 2014, 06:45:20 AM
BTW volume is horribly low, you would expect people fighting over these "cheap prices" and rallying to buy while it is still "cheap"...
type in bitcoin china in google search I guess they are buying in at this price there
(hey just what I saw on a google search)
go figure
my 2c worth
Searing
I don't see any buying on exchanges.... I am watching charts like zombie but nope... look at the pic down 5 trades in the last 7 minutes !!! and they bearly make 1 BTC all together
you would see crazy rally of people buying if the price was right....
well this is what comes up for "bitcoin china" on google search (I guess the reporter has to make something up to eat pay the bills)
http://blogs.marketwatch.com/thetell/2014/02/28/mt-gox-falls-but-china-is-seeing-a-bitcoin-gold-rush/
Searing
March 02, 2014, 06:44:57 AM
A wise man does not post to forums when drunk.
(But no one is wise when drunk, of course.)
(But no one is wise when drunk, of course.)
last night I was drunk but I was too busy throwing up
March 02, 2014, 06:42:21 AM
nothing biting on btc-e today... yesterday was much more fun.
March 02, 2014, 06:37:43 AM
BTW volume is horribly low, you would expect people fighting over these "cheap prices" and rallying to buy while it is still "cheap"...
type in bitcoin china in google search I guess they are buying in at this price there
(hey just what I saw on a google search)
go figure
my 2c worth
Searing
I don't see any buying on exchanges.... I am watching charts like zombie but nope... look at the pic down 5 trades in the last 7 minutes !!! and they bearly make 1 BTC all together
you would see crazy rally of people buying if the price was right....
March 02, 2014, 06:34:45 AM
BTW volume is horribly low, you would expect people fighting over these "cheap prices" and rallying to buy while it is still "cheap"...
type in bitcoin china in google search I guess they are buying in at this price there
(hey just what I saw on a google search)
go figure
my 2c worth
Searing
March 02, 2014, 06:30:59 AM
BTW volume is horribly low, you would expect people fighting over these "cheap prices" and rallying to buy while it is still "cheap"...
March 02, 2014, 06:30:17 AM
Bitcoin phrase of 2014 : "PRICED IN"
March 02, 2014, 06:26:44 AM
Ok, decision made. When I get back home in a month and get to my good computer with decent internet, I'm going to start to do some trading also. Until now I have just bought and hold and tried to do my learning and now I feel I should be able to do it. Made some imaginary calls "now I sell" "now I buy" for awhile now and it seems more likely that I can make more btc than lose some in the long run. Let's see how it goes.
Start with tiny money and work yourself up, pretty much everyone is simply trading money for experience for quite some time.
Go all in
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