All people calling bitcoin a tulip craze don't realize that one of the main differences between both phenomenons is that the tulip craze was not supported by a worldwide digital platform called the internet. I mean the internet seems to be causing a qualitative effect on several phenomenons once they reach a quantitative peak thanks to the ease of interaction the internet provides. Look at the Arab spring, what seemed like a regular discontent or protest that wouldn't achieve much managed to topple whole governments. In my opinion this day and age we are witnessing very nice examples on how quantitative changes lead to qualitative ones thanks to the internet. So trying to predict what will happen to bitcoin using a phenomenon which happened centuries ago without having something like the internet to support it is not very accurate IMO.
What? Bitcoin =/= tulip mania in any way, internet or not. 
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31673. (Read 26609651 times)
November 23, 2013, 08:52:14 AM
November 23, 2013, 08:46:13 AM
HINT: don't use market orders ever
They saved my ass so many times I can't count, with a limit order you are totally exposed if a black swan event hits bitcoin and price move quicker against you, it can trap you in a crappy position for ever unless you realize massive losses.
A stop loss is to get out, not to get out at a certain price and then get stucked with an unfilled order.
The slippage is compensated by the massive profits you protect doing this.
When using QtTrader, the 'buy' and 'sell' functions are simple limit orders that get sent to the exchange and saved on the exchange. It's a nice little UI that let's you set your profit margins, hit buy, then hit apply profit margin and hit sell and will let you trade quickly. However the 'rules' are not sent to the exchange as limit orders. The 'rules' are held on the QtTrader bot and NOT saved on the exchange in 'orders', QtTrader watches the price raise and drop live. If QtTrader crashed for instance, then your rules would not be executed, so slight risk involved there. But If the price plummeted and was consistently falling, a QtTrader rule for (if market sell price < 700 then sell 'all coins' for 'last market sell price') would continue dumping your coins as the price drops, essentially acting as a stop loss.
Hopefully that makes sense?
November 23, 2013, 08:41:19 AM
We want $1000!
We want $1000!
We want $1000!
How's that?
We want $1000!
We want $1000!
How's that?
November 23, 2013, 08:36:36 AM
All people calling bitcoin a tulip craze don't realize that one of the main differences between both phenomenons is that the tulip craze was not supported by a worldwide digital platform called the internet. I mean the internet seems to be causing a qualitative effect on several phenomenons once they reach a quantitative peak thanks to the ease of interaction the internet provides. Look at the Arab spring, what seemed like a regular discontent or protest that wouldn't achieve much managed to topple whole governments. In my opinion this day and age we are witnessing very nice examples on how quantitative changes lead to qualitative ones thanks to the internet. So trying to predict what will happen to bitcoin using a phenomenon which happened centuries ago without having something like the internet to support it is not very accurate IMO.
November 23, 2013, 08:36:08 AM
We are a shade short of the magical 900....
Where has all our irrational exuberance gone - everyone asleep?
I haven't seen a choo choo for ages.
No market prediction comment, just a mood one, are we blasé now...?
Where has all our irrational exuberance gone - everyone asleep?
I haven't seen a choo choo for ages.
No market prediction comment, just a mood one, are we blasé now...?
Just like when we break 270, now everybody wants 4 digits, no less.
November 23, 2013, 08:35:16 AM
are bible and heightsomething bubblebots who spit bullish spam?
/\9OOzz LOL!
GOT BREAKFAST?*click here>>>
http://wpmu.org/wp-content/uploads/2012/07/trackback-spam.jpg
November 23, 2013, 08:35:07 AM
We are a shade short of the magical 900....
Where has all our irrational exuberance gone - everyone asleep?
I haven't seen a choo choo for ages.
No market prediction comment, just a mood one, are we blasé now...?
Where has all our irrational exuberance gone - everyone asleep?
I haven't seen a choo choo for ages.
No market prediction comment, just a mood one, are we blasé now...?
November 23, 2013, 08:35:00 AM
November 23, 2013, 08:34:33 AM
HINT: don't use market orders ever
They saved my ass so many times I can't count, with a limit order you are totally exposed if a black swan event hits bitcoin and price move quicker against you, it can trap you in a crappy position for ever unless you realize massive losses.
A stop loss is to get out, not to get out at a certain price and then get stucked with an unfilled order.
The slippage is compensated by the massive profits you protect doing this.
November 23, 2013, 08:33:21 AM
November 23, 2013, 08:25:25 AM
I've got $13 left in my BTCChina account, QtTrader running, with 0% trading fee's. Let's see how far I can take this. I'm turning this into a computer game 
Report back when you are at $100.
Challenge accepted!
Are there any stop orders on QT Trader?
Yes, you can set order's just as if you were trading with limit orders on the exchange. It also has a nice 'rules' feature where you can set certain conditions for selling.
https://bitcointalksearch.org/topic/qt-bitcoin-trader-open-source-secure-trading-client-for-macwindowslinux-201062
Okay, but there is no stop loss rule where I can execute a market order if price goes below x?
Is that not included in the rules below? Sorry I'm not really familiar with stock trading lingo :p
I know Bitcoin is nothing to do with stocks, I was referring to his use of the word 'stop loss', which is stock market lingo (or so I believe). Bitcoin is my first ever experience of trading anything so I'm not 100% sure what people are sometimes referring too
November 23, 2013, 08:21:50 AM
are bible and heightsomething bubblebots who spit bullish spam?
November 23, 2013, 08:19:06 AM
I've got $13 left in my BTCChina account, QtTrader running, with 0% trading fee's. Let's see how far I can take this. I'm turning this into a computer game
Report back when you are at $100.
Challenge accepted!
Are there any stop orders on QT Trader?
Yes, you can set order's just as if you were trading with limit orders on the exchange. It also has a nice 'rules' feature where you can set certain conditions for selling.
https://bitcointalksearch.org/topic/qt-bitcoin-trader-open-source-secure-trading-client-for-macwindowslinux-201062
Okay, but there is no stop loss rule where I can execute a market order if price goes below x?
Is that not included in the rules below? Sorry I'm not really familiar with stock trading lingo :p
I tested and on all options I get limit orders, maybe I am missing something
HINT: don't use market orders ever
November 23, 2013, 08:18:53 AM
I've got $13 left in my BTCChina account, QtTrader running, with 0% trading fee's. Let's see how far I can take this. I'm turning this into a computer game
Report back when you are at $100.
Challenge accepted!
Are there any stop orders on QT Trader?
Yes, you can set order's just as if you were trading with limit orders on the exchange. It also has a nice 'rules' feature where you can set certain conditions for selling.
https://bitcointalksearch.org/topic/qt-bitcoin-trader-open-source-secure-trading-client-for-macwindowslinux-201062
Okay, but there is no stop loss rule where I can execute a market order if price goes below x?
Is that not included in the rules below? Sorry I'm not really familiar with stock trading lingo :p
https://i.imgur.com/n5h8dmY.png?1
fyi : /\$BTC is not a stock, it is a new communications protocol for future ETFs and stocks, currently being treated by Wall Street as a "currency pair" on FOREX !
November 23, 2013, 08:18:18 AM
ATH at stamp, soon on gox too and then china will follow to break their ATH
November 23, 2013, 08:15:18 AM
I've got $13 left in my BTCChina account, QtTrader running, with 0% trading fee's. Let's see how far I can take this. I'm turning this into a computer game
Report back when you are at $100.
Challenge accepted!
Are there any stop orders on QT Trader?
Yes, you can set order's just as if you were trading with limit orders on the exchange. It also has a nice 'rules' feature where you can set certain conditions for selling.
https://bitcointalksearch.org/topic/qt-bitcoin-trader-open-source-secure-trading-client-for-macwindowslinux-201062
Okay, but there is no stop loss rule where I can execute a market order if price goes below x?
Is that not included in the rules below? Sorry I'm not really familiar with stock trading lingo :p
I tested and on all options I get limit orders, maybe I am missing something
November 23, 2013, 08:11:39 AM
I'm already feeling sorry about selling at 617€.
Pretty sure there won't be a weekend dip anymore ...
Pretty sure there won't be a weekend dip anymore ...
As I posted earlier mate, this from reddit shows that the 'weekend dip' is not reliable.
http://www.reddit.com/r/BitcoinMarkets/comments/1qqkyp/what_usually_happens_on_weekends/
To quote from the above reddit:
[–]friction_is_a_lie
Here are the charts for the last 10 weekends if anyone is interested.
http://imgur.com/a/5tCZD
Significant growth: 5
Minimal change: 2
Slight "dip": 2
Significant "dip": 1
November 23, 2013, 08:10:02 AM
I've got $13 left in my BTCChina account, QtTrader running, with 0% trading fee's. Let's see how far I can take this. I'm turning this into a computer game
Report back when you are at $100.
Challenge accepted!
Are there any stop orders on QT Trader?
Yes, you can set order's just as if you were trading with limit orders on the exchange. It also has a nice 'rules' feature where you can set certain conditions for selling.
https://bitcointalksearch.org/topic/qt-bitcoin-trader-open-source-secure-trading-client-for-macwindowslinux-201062
Okay, but there is no stop loss rule where I can execute a market order if price goes below x?
Is that not included in the rules below? Sorry I'm not really familiar with stock trading lingo :p
November 23, 2013, 08:08:21 AM
I'm already feeling sorry about selling at 617€.
Pretty sure there won't be a weekend dip anymore ...
Pretty sure there won't be a weekend dip anymore ...
November 23, 2013, 08:05:19 AM
bids are stacking here //^ BTCoomage
Jump to: