Topic: Wall Observer BTC/USD - Bitcoin price movement tracking &amp; discussion - page 31129. (Read 26484568 times)

Quote from: maz on December 06, 2013, 06:56:42 AM

Discovering margin trading helped a lot too. I don't even really have to sell or think about when to sell my core position. I just wait for any kind of a sharp drop and then as soon as high volume support starts kicking in I buy a huge margin position using my btc as collateral. Then as soon as the immediate bounce is over I close the position, take the ~15% profit, and buy more bitcoins to add to my core position. I might not be getting the most profit on the margin position possible but it covers my ass both in event of an uptrend or a downtrend. It's kind of a compromise between buy and hold, since I'm never actually selling any 'real' bitcoins.

You need to earn 15% profit in a row for 40 times to get 25000%. That's really amazing.

How many flash crashes do we have since April?

Are you saying you smell bullshit? is that what your saying? Tongue

It is quite commendable, considering that a 1990s long-term pro trader like me could only increase the size of total stash by about 3% in the April big crash and 0.6% in the last weekend dip, among others.

sometimes I think that %90 of the members on the speculation sub-forum are trolling, I am looking now to charts of alts for the last 6 months period (since they are new users) and I am trying to figure out which alt could give that much income in the Alt/BTC ratio and I am failing.

so I would like to know how this user turned a 7 BTC investment to 150 BTC and still claims a prediction of 300 BTC. otherwise I am thinking of it as a pure trolling.

in my experience, buying and holding was the best strategy, I tried daily trading and ended up losing tens of BTC, the market is unpredictable and I was a real bad trader, I always waited to long or reacted too fast. so I did quit daily trading and it really paid off for me.

rpietila

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Activity: 1722

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Quote from: BitThink on December 06, 2013, 06:54:27 AM

Quote from: BitThink on December 06, 2013, 07:01:11 AM

Discovering margin trading helped a lot too. I don't even really have to sell or think about when to sell my core position. I just wait for any kind of a sharp drop and then as soon as high volume support starts kicking in I buy a huge margin position using my btc as collateral. Then as soon as the immediate bounce is over I close the position, take the ~15% profit, and buy more bitcoins to add to my core position. I might not be getting the most profit on the margin position possible but it covers my ass both in event of an uptrend or a downtrend. It's kind of a compromise between buy and hold, since I'm never actually selling any 'real' bitcoins.

You need to earn 15% profit in a row for 40 times to get 25000%. That's really amazing.

How many flash crashes do we have since April?

Are you saying you smell bullshit? is that what your saying? Tongue

It is quite commendable, considering that a 1990s long-term pro trader like me could only increase the size of total stash by about 3% in the April big crash and 0.6% in the last weekend dip, among others.

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: maz on December 06, 2013, 06:51:55 AM

Quote from: rpietila on December 06, 2013, 06:29:33 AM

Quote from: seleme on December 06, 2013, 06:11:43 AM

I don't give a shit about owning 5 or 10 bitcoins. I'll have hundreds of them or none.

So you don't "give a shit" to be among 10,000-30,000 world's richest. Top 100 or top 300 is the way to go. Yes, you seem to be a megalomaniac and a player. I think I could easily adapt to any of the levels, as could most of us.

Quote from: rpietila on November 26, 2013, 03:34:10 PM

* top 30 would have BTC5,000 or more (100 billion USD)
* top 300 would have BTC500 or more (10 billion USD)
* top 3,000 would have BTC50 or more (1 billion USD)
* the top 29,000 people would have 5,000mBTC or more, a huge fortune comparable to 100 million of today's dollars.
* the top 1 million people would have 500mBTC or more, corresponding to 10 million or more dollars
* 29 million people have at least 50mBTC, which puts them among the most affluent 0.6%, previously called 'millionaires'
* the upper middle class of 350 million people worldwide, owns 5mBTC or more
* lower middle class consists of 1 billion people is characterized by ownership of 0.5mBTC or more
* the lower class of (3+ billion) owns less than 0.5mBTC including people who don't have any or have negative worth.

I like your way of breaking it down.

I have been advocating to new comers to strive to attain the Bitcoin Millionth Club. Basically you need to own 21 btc, this will make you 1 in a million people on the earth who could possibly own 1 million of all future available bitcoins. Obviously we know the numbers will be massively different due to mining time and bitcoin loss over the years, but its an attainable number and would offer massive wealth in the future. Imagine you owned 1 millionth of several of the worlds largest countries currency? Happy days!

Although being a bull myself. I still don't think this kind of analysis makes sense. It's only meaningful if BTC is the only wealth in the world. Otherwise, it may help you to be rich, but these kind of ranking does not make sense. Bill Gates may have 0 BTC, but billions of fiats or microsoft shares. Kings in the middle east may have no BTC but have plenty of oil.

Don't read it any deeper than what it is: The distribution of bitcoins, if they are distributed in the same way as total wealth of the world is distributed.

To have the whole picture, we need to know, what % of the total wealth bitcoins represent. A quite long-shot would be that bitcoins are half the world's wealth, ie. valued the same as the Earth. Then you need to sell half of your bitcoins to obtain "your share" of the other wealth.

All in all, I think most that have BTC10,000 now, will only have about BTC1,000-BTC3,000 when it hits the highest value.

Shak

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ok, the wall is gone for good, partially buyed, around 120 coins removed from the books. price is recovering, but still some heavy fluctuations around 1000, the order book is paper-thin in this region

edit: i yield updating this... 200 btc wall flicks in and out of existence below 1000, someone is either completely stupid or desperately trying to force the price down

mmitech

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things you own end up owning you

Quote from: mmitech on December 06, 2013, 07:13:18 AM

Quote from: mmitech on December 06, 2013, 07:13:18 AM

425 btc sell wall on bitstamp at 985

And bitsamp is blocking all bitcoins deposits as well. Very scammish if you ask me.

really , how do you mean they block all bitcoin deposit ?

I've sent bitcoins to my account hours ago, 20+ confirmations and not credited. The same for other people apparently. And the same for bitcoins withdrawals.
In the meantime the price is going down slowly, I was planning to sell at 1009.

wait I will talk to them now and see if they answer

maz

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Activity: 140

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425 btc sell wall on bitstamp at 985

And bitsamp is blocking all bitcoins deposits as well. Very scammish if you ask me.

really , how do you mean they block all bitcoin deposit ?

Without thinking too deep into it, is it in the interest of the exchange to keep the prices high? as I would guess that the higher the trading price the higher the commission?

Shak

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nah, don't panic. there is a problem with btc-deposits since today, may just be some temporarily mess in their system

wall disappeared, not bought
edit: aaaand its back

mmitech

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Activity: 1148

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things you own end up owning you

425 btc sell wall on bitstamp at 985

And bitsamp is blocking all bitcoins deposits as well. Very scammish if you ask me.

really , how do you mean they block all bitcoin deposit ?

Edit: I am logged into my account and when I choose Bitcoin deposit I don't get any warning or what so ever!!

solex

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100 satoshis -> ISO code

Quote from: BitThink on December 06, 2013, 07:01:11 AM

425 btc sell wall on bitstamp at 985

500 came in at 1002, and is moving down. Someone wants to exit.

Shak

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Activity: 134

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425 btc sell wall on bitstamp at 985

edit: wall pushes the price further down, now at 982

maz

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Activity: 140

Merit: 100

Quote from: maz on December 06, 2013, 06:51:55 AM

Quote from: rpietila on December 06, 2013, 06:29:33 AM

Quote from: seleme on December 06, 2013, 06:11:43 AM

I don't give a shit about owning 5 or 10 bitcoins. I'll have hundreds of them or none.

So you don't "give a shit" to be among 10,000-30,000 world's richest. Top 100 or top 300 is the way to go. Yes, you seem to be a megalomaniac and a player. I think I could easily adapt to any of the levels, as could most of us.

Quote from: rpietila on November 26, 2013, 03:34:10 PM

* top 30 would have BTC5,000 or more (100 billion USD)
* top 300 would have BTC500 or more (10 billion USD)
* top 3,000 would have BTC50 or more (1 billion USD)
* the top 29,000 people would have 5,000mBTC or more, a huge fortune comparable to 100 million of today's dollars.
* the top 1 million people would have 500mBTC or more, corresponding to 10 million or more dollars
* 29 million people have at least 50mBTC, which puts them among the most affluent 0.6%, previously called 'millionaires'
* the upper middle class of 350 million people worldwide, owns 5mBTC or more
* lower middle class consists of 1 billion people is characterized by ownership of 0.5mBTC or more
* the lower class of (3+ billion) owns less than 0.5mBTC including people who don't have any or have negative worth.

I like your way of breaking it down.

I have been advocating to new comers to strive to attain the Bitcoin Millionth Club. Basically you need to own 21 btc, this will make you 1 in a million people on the earth who could possibly own 1 million of all future available bitcoins. Obviously we know the numbers will be massively different due to mining time and bitcoin loss over the years, but its an attainable number and would offer massive wealth in the future. Imagine you owned 1 millionth of several of the worlds largest countries currency? Happy days!

Although being a bull myself. I still don't think this kind of analysis makes sense. It's only meaningful if BTC is the only wealth in the world. Otherwise, it may help you to be rich, but these kind of ranking does not make sense. Bill Gates may have 0 BTC, but billions of fiats or microsoft shares. Kings in the middle east may have no BTC but have plenty of oil.

After watching a program about rich Saudi kids coming to London for 3 months out of the year to flaunt their wealth, it was sobering to hear one of the kids at the end (on his way home to Saudi) explain that he would give all the wealth of his country to swap Saudi for the beautiful city of London, compared to the rich oil desert landscape of Saudi. Kings in the middle east may be fiat based billionaires, but they wont be bitcoin billionaires. What would you rather be in future?

mmitech

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things you own end up owning you

Quote from: lucas.sev on December 06, 2013, 07:03:30 AM

Quote from: mmitech on December 06, 2013, 07:02:56 AM

I will add this to the good news http://www.coindesk.com/zipzap-offer-cash-bitcoin-service-28000-uk-locations/

was mentioned before, turned out to be old news from june

I've read this only today !! if this will work out, bitcoin will be available for the average consumer, people who doesn't know how to use an exchange will have the chance to invest as well.

lucas.sev

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Quote from: mmitech on December 06, 2013, 07:02:56 AM

I will add this to the good news http://www.coindesk.com/zipzap-offer-cash-bitcoin-service-28000-uk-locations/

was mentioned before, turned out to be old news from june

mmitech

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Activity: 1148

Merit: 1001

things you own end up owning you

I will add this to the good news http://www.coindesk.com/zipzap-offer-cash-bitcoin-service-28000-uk-locations/

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

BitThink

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Quote from: maz on December 06, 2013, 06:51:55 AM

Quote from: rpietila on December 06, 2013, 06:29:33 AM

Quote from: seleme on December 06, 2013, 06:11:43 AM

I don't give a shit about owning 5 or 10 bitcoins. I'll have hundreds of them or none.

So you don't "give a shit" to be among 10,000-30,000 world's richest. Top 100 or top 300 is the way to go. Yes, you seem to be a megalomaniac and a player. I think I could easily adapt to any of the levels, as could most of us.

Quote from: rpietila on November 26, 2013, 03:34:10 PM

* top 30 would have BTC5,000 or more (100 billion USD)
* top 300 would have BTC500 or more (10 billion USD)
* top 3,000 would have BTC50 or more (1 billion USD)
* the top 29,000 people would have 5,000mBTC or more, a huge fortune comparable to 100 million of today's dollars.
* the top 1 million people would have 500mBTC or more, corresponding to 10 million or more dollars
* 29 million people have at least 50mBTC, which puts them among the most affluent 0.6%, previously called 'millionaires'
* the upper middle class of 350 million people worldwide, owns 5mBTC or more
* lower middle class consists of 1 billion people is characterized by ownership of 0.5mBTC or more
* the lower class of (3+ billion) owns less than 0.5mBTC including people who don't have any or have negative worth.

I like your way of breaking it down.

I have been advocating to new comers to strive to attain the Bitcoin Millionth Club. Basically you need to own 21 btc, this will make you 1 in a million people on the earth who could possibly own 1 million of all future available bitcoins. Obviously we know the numbers will be massively different due to mining time and bitcoin loss over the years, but its an attainable number and would offer massive wealth in the future. Imagine you owned 1 millionth of several of the worlds largest countries currency? Happy days!

Although being a bull myself. I still don't think this kind of analysis makes sense. It's only meaningful if BTC is the only wealth in the world. Otherwise, it may help you to be rich, but these kind of ranking does not make sense. Bill Gates may have 0 BTC, but billions of fiats or microsoft shares. Kings in the middle east may have no BTC but have plenty of oil.

Nemo1024

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Quote from: BitThink on December 06, 2013, 06:54:27 AM

Quote from: BitThink on December 06, 2013, 06:54:27 AM

Discovering margin trading helped a lot too. I don't even really have to sell or think about when to sell my core position. I just wait for any kind of a sharp drop and then as soon as high volume support starts kicking in I buy a huge margin position using my btc as collateral. Then as soon as the immediate bounce is over I close the position, take the ~15% profit, and buy more bitcoins to add to my core position. I might not be getting the most profit on the margin position possible but it covers my ass both in event of an uptrend or a downtrend. It's kind of a compromise between buy and hold, since I'm never actually selling any 'real' bitcoins.

You need to earn 15% profit in a row for 40 times to get 25000%. That's really amazing.

How many flash crashes do we have since April?

I think there were only 4 or 5, counting the recent 2.

maz

full member

Activity: 140

Merit: 100

Discovering margin trading helped a lot too. I don't even really have to sell or think about when to sell my core position. I just wait for any kind of a sharp drop and then as soon as high volume support starts kicking in I buy a huge margin position using my btc as collateral. Then as soon as the immediate bounce is over I close the position, take the ~15% profit, and buy more bitcoins to add to my core position. I might not be getting the most profit on the margin position possible but it covers my ass both in event of an uptrend or a downtrend. It's kind of a compromise between buy and hold, since I'm never actually selling any 'real' bitcoins.

You need to earn 15% profit in a row for 40 times to get 25000%. That's really amazing.

How many flash crashes do we have since April?

Are you saying you smell bullshit? is that what your saying? Tongue

BitThink

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Activity: 882

Merit: 1000