Explanation
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29253. (Read 26732569 times)
March 02, 2014, 06:03:28 AM
March 02, 2014, 05:59:43 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.
March 02, 2014, 05:44:54 AM
Trading is a game just like life, enjoy it for better or worse. While it lasts that is.
March 02, 2014, 05:36:07 AM
the page count of this thread is the only true indicator of the fair value of a BTC
We're all good
We're all good
March 02, 2014, 05:33:55 AM
Is bitfinex fine to be used from Europe? I haven't investigated that one too much but it sounds good and they have nice looking depths in bids/asks, I don't like btc-e with that because usually they are so narrow. I'm anyway only going to deposit/withdraw btc and not fiat, just sell to usd when it dips and then buy back when low so it shouldn't matter where the exchange is based. It also should make my trading easier(?) I hear that I'm only interested in increasing my btc stash and don't care about fiat.
March 02, 2014, 05:24:38 AM
BFX is 0.15% and decreases from there to 0.1% for high volume.
March 02, 2014, 05:20:28 AM
btc-e is 0.2%, so look for a margin of over 0.41% for sell/buy
Bitstamp has a tiered system based on trade volume, similar to gox had. I remember only one or two months back in January-April last year when i got my trade volume to the lower tiers on gox, without ever verifying the account
Bitstamp has a tiered system based on trade volume, similar to gox had. I remember only one or two months back in January-April last year when i got my trade volume to the lower tiers on gox, without ever verifying the account
Quote
FEE SCHEDULE
Fee % 30 days USD volume
0.50% < $500
0.48% < $1,000
0.46% < $2,000
0.44% < $4,000
0.42% < $6,500
0.40% < $10,000
0.38% < $15,000
0.36% < $20,000
0.34% < $25,000
0.32% < $37,500
0.30% < $50,000
0.28% < $62,500
0.26% < $75,000
0.24% < $100,000
0.22% < $150,000
0.20% > $150,000
FEE ROUNDING We kindly ask our users to take note on Bitstamp's policy regarding fee calculation. As our fees are calculated to two decimal places, all fees which might exceed this limitation are rounded up. The rounding up is executed in such a way, that the second decimal digit is always one digit value higher than it was before the rounding up. For example; a fee of 0.111 will be charged as 0.12.
Fee % 30 days USD volume
0.50% < $500
0.48% < $1,000
0.46% < $2,000
0.44% < $4,000
0.42% < $6,500
0.40% < $10,000
0.38% < $15,000
0.36% < $20,000
0.34% < $25,000
0.32% < $37,500
0.30% < $50,000
0.28% < $62,500
0.26% < $75,000
0.24% < $100,000
0.22% < $150,000
0.20% > $150,000
FEE ROUNDING We kindly ask our users to take note on Bitstamp's policy regarding fee calculation. As our fees are calculated to two decimal places, all fees which might exceed this limitation are rounded up. The rounding up is executed in such a way, that the second decimal digit is always one digit value higher than it was before the rounding up. For example; a fee of 0.111 will be charged as 0.12.
March 02, 2014, 05:15:00 AM
But how are fees in stamp? Btc-e only has 0.2% so I guess it is quite low? Gox had something like 1% wich seems kinda high but it was a crappy company anyways...
March 02, 2014, 05:13:28 AM
Start out trading with millbits. That way no one gets hurt and you have real data.
Yeah ofcourse! My whole stash is anyway smaller than 10btc atm so not going greedy right away. Planning to start it with 0.5-1btc deposit to exchange and see it from there. I have an account on btc-e but I guess I make an other one to bitstamp since it seems more easy to predict than btc-e with more bid/ask walls visible and so on. Also BS seems more trustworthy to me. March 02, 2014, 05:09:23 AM
Start out trading with millbits. That way no one gets hurt and you have real data. Also use an exchange with low fees. Fees can kill your profitability.
March 02, 2014, 05:07:02 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.
March 02, 2014, 05:01:46 AM
Quote
[Translation from the Japanese]
March 2, 2014
To anyone concerned
Mark Karpeles
Representative Director
MtGox Co., Ltd.
Shibuya 2-11-5
Shibuya-ku, Tokyo
ANNOUNCEMENT REGARDING AN APPLICATION FOR COMMENCEMENT OF A PROCEDURE OF CIVIL REHABILITATION
An overview of the situation should be published here shortly (probably on March 3, 2014 (Japan time)).
Contact information
A call center has been established to respond to all inquiries. The call center is planned to start on March 3, 2014. All inquiries to MtGox Co., Ltd. should be made to the following telephone number:
Telephone number +81 3-4588-3921
Working hours Monday to Friday 10am to 5pm (Japan time)
Please refrain from contacting the office of the supervisor/investigator.
Goxed again - only telephone number for 1 mil customers.
March 02, 2014, 04:57:10 AM
9376 volume on stamp ??
This is starting to remind of the 5 other times i thought the trend was breaking and I had to buy. The only difference is MACD is up now (slightly).
sexist bullshitThis is starting to remind of the 5 other times i thought the trend was breaking and I had to buy. The only difference is MACD is up now (slightly).
So what about this "big turn". Do YOU know how to tell when it's happening? What signs are there? Is it happening now?
Why are you even entertaining that utter stupidity with any sort of reasonable response?
Another thing that suprises me is this kind of thing (and also profanity) will get someone banned in the btc-e trollbox but is perfectly ok here.
TERA, mate!
I know you think little of me or my thoughts but please...sometimes I think you are fourteen going on fifteen.
We've inhabited the trollbox for roughly the same time: you should know you can come out with as much racist/homophobic/misogynistic/anti-semitic shite as you can imagine there "no worries" and then get a ban for the heinous crime of using ALL CAPS.
And at this stage do you not realise that with all the will in the world you cannot overlay traditional TA onto an emerging and fundamentally discrete and distinct market like BTC.
You're clearly an intelligent chap, so I don't see why it is so difficult for you to accept that there may be intellectual ambiguity within the paradigm that you're studying and make the appropriate allowances, rather than throwing your hands in the air when the world doesn't fit into your prescribed mathematical patterns.
I do not know how old everyone on this forum is, but the fact that some of you need to justify and argue to random people on the internet how your trading decisions have made you rich is extremely childish. If you have made profit, good for you, you do not need to judge others opinions and decisions just because they are the opposite of yours. You have made money and they did not, that should be enough.
March 02, 2014, 04:55:32 AM
I've seen someone get banned for 3000 years at btc-e for using the word "nigger".
March 02, 2014, 04:51:14 AM
9376 volume on stamp ??
This is starting to remind of the 5 other times i thought the trend was breaking and I had to buy. The only difference is MACD is up now (slightly).
sexist bullshitThis is starting to remind of the 5 other times i thought the trend was breaking and I had to buy. The only difference is MACD is up now (slightly).
So what about this "big turn". Do YOU know how to tell when it's happening? What signs are there? Is it happening now?
Why are you even entertaining that utter stupidity with any sort of reasonable response?
Another thing that suprises me is this kind of thing (and also profanity) will get someone banned in the btc-e trollbox but is perfectly ok here.
TERA, mate!
I know you think little of me or my thoughts but please...sometimes I think you are fourteen going on fifteen.
We've inhabited the trollbox for roughly the same time: you should know you can come out with as much racist/homophobic/misogynistic/anti-semitic shite as you can imagine there "no worries" and then get a ban for the heinous crime of using ALL CAPS.
And at this stage do you not realise that with all the will in the world you cannot overlay traditional TA onto an emerging and fundamentally discrete and distinct market like BTC.
You're clearly an intelligent chap, so I don't see why it is so difficult for you to accept that there may be intellectual ambiguity within the paradigm that you're studying and make the appropriate allowances, rather than throwing your hands in the air when the world doesn't fit into your prescribed mathematical patterns.
March 02, 2014, 04:45:20 AM
Trading is a zero-sum game, just like poker. If you are good at it, you can make tons of dough. In the end, the only one who is almost guaranteed to win is the house (the exchanges with their fees), unless your initials are M.K. of course...
Thinking about the potential profits to be made by making every call right will make a man go insane (and it's statistically super-unlikely anyway). If it were so easy to pick the right moments to buy and sell, everybody could and would do it, and there wouldn't be any real volatility anymore...
That's correct. And yes I've made bad calls. But most of my profit does not come from calling the major reversals in bear markets and bull markets correctly - it actually comes from daytrading during high volume high volatility times when money is flying all over the place and there are literally opportunities to make 1000% profit in a day, especially if you use leverage. Now take someone who doesn't make 'bad calls' and take someone who only makes good calls (a god) - they might be up 1,000,000% by now in the same time that I took to make 30,000%.
Since traders try to outsmart each other all of the time, even marginally outperforming the market seems like a victory to me... Thinking about the potential profits to be made by making every call right will make a man go insane (and it's statistically super-unlikely anyway). If it were so easy to pick the right moments to buy and sell, everybody could and would do it, and there wouldn't be any real volatility anymore...
March 02, 2014, 04:40:22 AM
By the way I do also keep a buy and hold position of 20% of my crypto funds at all times in cold storage. This consists of 15 times as many bitcoins as I obtained in my original purchase when I first started. So if bitcoin reaches millions, then, no matter what, I will be enjoying my time with the bulls. The funds that I use for trading... are just extra trading profits which, according to bulls, I shouldn't possibly have anyway.
March 02, 2014, 04:33:31 AM
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, 04:29:24 AM
Meanwhile, goxcoin rallies on builder. lol
It's a ghost market. Noone can sell his goxBTC except for those who withdrew before the site went down. In addition, builder takes 4% off each trade. Naturally the volume dwindles into nothingness.I think these Goxcoins are actually very suitable for a pump and dump. When they suddenly go up everyone is wondering what someone knows that they don't. I gambled on a bunch of them when they were in the .35s but the volatility means I've been able to trade my BTC back and still have some free goxcoins left.
March 02, 2014, 04:21:32 AM
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.
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