Nice, congrats!
Quote
So what I say is a Screen shot or GTFO...
ok..
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30649. (Read 26713769 times)
December 29, 2013, 08:26:07 AM
Nice, congrats!
So what I say is a Screen shot or GTFO...
ok..
December 29, 2013, 08:24:17 AM
China (huobi) leading the price movements is not a good indicator. Either it could be fake, or it could be real and then the chinese government can shut it down. Neither would be good news. I would have much preferred to see a recovery without China.
Yeah and I would have much preferred a recovery back in June/July without MtGox and its withdrawal problems, but ironically it was exactly that which gave the market the momentum it needed to get out of the bear market after April. We just have to deal with these things, and at some point China will become irrelevant like the MtGox problems became irrelevant.
Also, the China situation is not the same as the Mtgox situation. It is not simply a fiat withdrawal problem, but also a fiat deposit problem, and eventually a btc deposit/withdraw problem and a trading problem. It is a problem with their government. If their government acts again, it is likely to cause another panic.
Could be, but still people were afraid to sell their coins on MtGox and there was a huge shortage of supply on the ask side there. Other exchanges were too small and insignificant back then to provide a balancing counterweight. So I think it definitely helped to build the bullish momentum. The situation with China is not that different I think. Yes their government could act again and I'm sure it will cause some more panic, but we simply don't know what's going to happen and while this is going on the market is adapting and slowly but surely the situation in China will become less and less relevant and other things will become more important to watch.
"China"
There is selling pressure in China due to regulatory issues. However, it is easy to get money in to China and BTC out, so any sinosell pressure ends up on all the other exchanges. This is currently the prevalent pressure on pricing.
As January deadlines draw nearer, this effect can be expected to ease, and even reverse. (Those leaving the China market due to regulatory issues will have left, and the remainder will be the "strong hands" there. Folks elsewhere who are on the sidelines waiting for this effect to play out will come in.)
Bad news can only get so bad before it becomes ineffectual so "government acts again, it is likely to cause another panic." Probably not unless they start tracking and imprisoning folks for using BTC.
December 29, 2013, 08:18:37 AM
My transaction histories are way too scattered with the hundreds of tiny orders I executed against to post something like this.
December 29, 2013, 08:17:40 AM
Nice work @mmitech! Did something similar but with trading around 40btc... and when the crash was over I traded btc for ltc at ratio 0.02689, now is 0.03148 but I'm waiting for around 0.04 so I will get some extra btc without going to fiat Pozdrav s Celja 
Pozdrav s Celja Lep Pozdrav iz Kranja
December 29, 2013, 08:04:18 AM
and still have some cash on stamp, I will make a deposit just in case bears go wild, although I dont see a major crash/dip that will open my appetite for investing more money...
So what I say is a Screen shot or GTFO...
December 29, 2013, 08:03:13 AM
TL,DR. Sorry for the long post, just putting thoughts into words. Maybe there's something worth reading in there but more likely just incoherent ramblings.
Much appreciated, thank you.
Do you think DOGE network is secure now?
December 29, 2013, 08:02:09 AM
December 29, 2013, 07:57:23 AM
Meanwhile I feel I want to divulge some trading from Gox. This account was freshly activated in 13.12. and not used for arbitrage, so it reveals some of my actual trading skill:
SELL-1 13.-16.12. -379,997 342 097,075 900,26
BUY-1 17.-18.12. 554,946 -323 856,498 583,58 -0,351765657
SELL-2 19.-26.12. -972,091 713 878,256 734,37 0,258391254
These are the totals/averages. Given the conditions in the buyback phase BUY-1, I think 584 was a reasonable price, resulting in 50% increase of coins. I bought all the way down and my lowest bids were not hit (hence only 324k invested of the 342k sold). The SELL-2 is now a little underwater but I am prepared to sell more, in fact I did sell 200 at an average 815 a couple days ago.
How are the others doing (in the light of figures, not feelings )?
SELL-1 13.-16.12. -379,997 342 097,075 900,26
BUY-1 17.-18.12. 554,946 -323 856,498 583,58 -0,351765657
SELL-2 19.-26.12. -972,091 713 878,256 734,37 0,258391254
These are the totals/averages. Given the conditions in the buyback phase BUY-1, I think 584 was a reasonable price, resulting in 50% increase of coins. I bought all the way down and my lowest bids were not hit (hence only 324k invested of the 342k sold). The SELL-2 is now a little underwater but I am prepared to sell more, in fact I did sell 200 at an average 815 a couple days ago.
How are the others doing (in the light of figures, not feelings
)?Unchanged
December 29, 2013, 07:53:42 AM
Meanwhile I feel I want to divulge some trading from Gox. This account was freshly activated in 13.12. and not used for arbitrage, so it reveals some of my actual trading skill:
SELL-1 13.-16.12. -379,997 342 097,075 900,26
BUY-1 17.-18.12. 554,946 -323 856,498 583,58 -0,351765657
SELL-2 19.-26.12. -972,091 713 878,256 734,37 0,258391254
These are the totals/averages. Given the conditions in the buyback phase BUY-1, I think 584 was a reasonable price, resulting in 50% increase of coins. I bought all the way down and my lowest bids were not hit (hence only 324k invested of the 342k sold). The SELL-2 is now a little underwater but I am prepared to sell more, in fact I did sell 200 at an average 815 a couple days ago.
How are the others doing (in the light of figures, not feelings )?
SELL-1 13.-16.12. -379,997 342 097,075 900,26
BUY-1 17.-18.12. 554,946 -323 856,498 583,58 -0,351765657
SELL-2 19.-26.12. -972,091 713 878,256 734,37 0,258391254
These are the totals/averages. Given the conditions in the buyback phase BUY-1, I think 584 was a reasonable price, resulting in 50% increase of coins. I bought all the way down and my lowest bids were not hit (hence only 324k invested of the 342k sold). The SELL-2 is now a little underwater but I am prepared to sell more, in fact I did sell 200 at an average 815 a couple days ago.
How are the others doing (in the light of figures, not feelings
)? December 29, 2013, 07:48:22 AM
China (huobi) leading the price movements is not a good indicator. Either it could be fake, or it could be real and then the chinese government can shut it down. Neither would be good news. I would have much preferred to see a recovery without China.
Yeah and I would have much preferred a recovery back in June/July without MtGox and its withdrawal problems, but ironically it was exactly that which gave the market the momentum it needed to get out of the bear market after April. We just have to deal with these things, and at some point China will become irrelevant like the MtGox problems became irrelevant.
Also, the China situation is not the same as the Mtgox situation. It is not simply a fiat withdrawal problem, but also a fiat deposit problem, and eventually a btc deposit/withdraw problem and a trading problem. It is a problem with their government. If their government acts again, it is likely to cause another panic.
Could be, but still people were afraid to sell their coins on MtGox and there was a huge shortage of supply on the ask side there. Other exchanges were too small and insignificant back then to provide a balancing counterweight. So I think it definitely helped to build the bullish momentum. The situation with China is not that different I think. Yes their government could act again and I'm sure it will cause some more panic, but we simply don't know what's going to happen and while this is going on the market is adapting and slowly but surely the situation in China will become less and less relevant and other things will become more important to watch.
December 29, 2013, 07:37:37 AM
Stamp is the real market leader, even though it doesn't lead the movements immediatelty in real time, it is the fiat entry/exit portal which eventually controls where the price balances itself at.
-Gox: Does not have liquidity, and is mostly bots.
-China: Is becoming irrelevant and is probably entirely fake right now.
-Btce: Is mostly bots, traders, and trolls and has liquidity issues also.
-STAMP: Is where all the fiat enters and exits.
-Gox: Does not have liquidity, and is mostly bots.
-China: Is becoming irrelevant and is probably entirely fake right now.
-Btce: Is mostly bots, traders, and trolls and has liquidity issues also.
-STAMP: Is where all the fiat enters and exits.
+1
(we really do need a 'like' or 'thanks' button on this forum)
December 29, 2013, 07:34:58 AM
I think it's that creepy low volume weak/flat trend after the dust settles from a boom/bust, which leads into a final capitulation.
Also, China.
China what?
It's getting a bit daft when people say the word "China" without even trying to explain what they are talking about. You could say for example "The news is that China will ban Bitcoin by the end of January" or "We have been reliably informed that Chinese whales are going to dump Bitcoins on America" (both questionable propositions), but just saying "China!" is like saying "The bogeyman's coming!"
Yeah and I would have much preferred a recovery back in June/July without MtGox and its withdrawal problems, but ironically it was exactly that which gave the market the momentum it needed to get out of the bear market after April. We just have to deal with these things, and at some point China will become irrelevant like the MtGox problems became irrelevant.
Also, the China situation is not the same as the Mtgox situation. It is not simply a fiat withdrawal problem, but also a fiat deposit problem, and eventually a btc deposit/withdraw problem and a trading problem. It is a problem with their government. If their government acts again, it is likely to cause another panic.
December 29, 2013, 07:26:25 AM
Don't forget that ultimately, there will only be ONE coin of each hashing algorithm because of the natural concentration of hashing power and the threat of 51% attacks.
As a currency for global commerce, any criptocoin is in principle as good as any other. All that is needed is a way for customers to change old money for crypto, and a way for merchants to do the oppsite. The choice will depend on secondary factors such as convenience, transaction speed, fees, volatility, etc.
As for investment or speculation, the value of a cryptocoin will depend on its usefulness and scarcity. But if all cryptocoins are equally useful, and their total supply is infinite...
December 29, 2013, 07:26:08 AM
okay crash is delayed, sorry for the inconvenience...
Could possibly be "delayed" for quite some time... December 29, 2013, 07:20:21 AM
I think it's that creepy low volume weak/flat trend after the dust settles from a boom/bust, which leads into a final capitulation.
Also, China.
China what?
It's getting a bit daft when people say the word "China" without even trying to explain what they are talking about. You could say for example "The news is that China will ban Bitcoin by the end of January" or "We have been reliably informed that Chinese whales are going to dump Bitcoins on America" (both questionable propositions), but just saying "China!" is like saying "The bogeyman's coming!"
Yeah and I would have much preferred a recovery back in June/July without MtGox and its withdrawal problems, but ironically it was exactly that which gave the market the momentum it needed to get out of the bear market after April. We just have to deal with these things, and at some point China will become irrelevant like the MtGox problems became irrelevant.
December 29, 2013, 07:17:33 AM
You're full of it 
December 29, 2013, 07:16:23 AM
Past performance is not indicative of future performance. To early adopters who Hodle:
You could be rich but you want to be richer and you'll end up _____
You could be rich but you want to be richer and you'll end up _____
December 29, 2013, 07:13:14 AM
Thanks TERA, that sounds interesting.
December 29, 2013, 07:10:05 AM
Who's panic buying on stamp? 
It was acutally a 1000BTC buy order on Bitfinex - I saw it on the order book 1000BTC @ 720. Half of it got filled on Bitfinex.I have no idea how that works, got to look into that i guess.
December 29, 2013, 07:09:23 AM
Who's panic buying on stamp?
A fair price for anyone looking to invest for a few month = not a panic buy Jump to: