Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31674. (Read 26609644 times)
November 23, 2013, 08:01:58 AM
November 23, 2013, 07:59:51 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?
November 23, 2013, 07:57:29 AM
In other word, if BTC cannot be used as a real currency
Should I take a picture of me eating a meal cooked exclusively from ingredients produced by local farmers who accept Bitcoin?Of course! Put it on reddit, it'll be upvoted to oblivion.
November 23, 2013, 07:54:43 AM
/\9OO+ #TEST >>HERE WE GOOOOO!!!! 
ZZOOOOOOOOOOOOOOOMMMM//^
http://newscenter.iupui.edu/images/original/nhra%20night%20shot.jpg
ZZOOOOOOOOOOOOOOOMMMM//^http://newscenter.iupui.edu/images/original/nhra%20night%20shot.jpg
November 23, 2013, 07:54:36 AM
November 23, 2013, 07:51:08 AM
it usually makes sense
Bitcoin isn't usual.All it takes is one mistake when it moves against you and you've permanently ended up with half the BTC you could have owned if you'd have just held.
For most people, holding 100% of the initial amount is not a wise choice. It is good to diversify by selling into strength to account for the possibility of a black swan event in Bitcoin technology. This way you steadily accumulate also non-BTC assets, and can learn how to handle wealth. You sleep better and don't see dips in price as an opportunity to panic, but rather an opportunity to buy back if you really feel like so. The selling plan must be based on percentages, which means that no matter how high bitcoin goes, you still have more value in your remaining BTC.
If you have BTC1,000 and you absolutely want to have the same number when it hits $million, then it is best to just bury the paper wallet into ground and wake up when you are a billionaire. Trading only makes you lose the most of it over time with no gain. But it is not healthy for anyone to suddenly become a billionaire.
If instead, you flex your Excel muscle and devise a plan to sell BTC900 in decreasing increments at exponentially rising price points, you will already be rich and well-established when bitcoin hits $1 million, and totally content with the idea that your remaining stash is still worth a cool $100M.
+1 this. I've been holding on to my coins pretty strong in the past, only selling very little in February/March (3% I think). Now again, only a little bit (2% so far) to sleep better (and for paying taxes on past gains that will come due at some point, no doubt). I don't care wether I have x million or x/2 million when bitcoin succeeds.
sleeping well is priceless.
November 23, 2013, 07:32:46 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
November 23, 2013, 07:09:40 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?
November 23, 2013, 07:04:50 AM
A bit of slow day while we just reached a new ATH on Bitstamp. I like this.
November 23, 2013, 07:01:51 AM
November 23, 2013, 06:50:17 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!
November 23, 2013, 06:49:48 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.
November 23, 2013, 06:38:22 AM
The scornful replies to my observation indicate that you have too many bitcoins and that makes you emotional. I suggest you do what I have done and cash out a couple of $M so that you can sleep better and become less touchy 
I thought it was great advice for anyone in your position - why hold it all if selling 10% guarantees a comfortable life ? That's just stupid and greedy IMO. And gradually selling more at certain price targets, great strategy ...
You certainly seem to have regained a lot of your health now - good to see
Unfortunately I am not in the position that you are, but if my small stash ever becomes life changing, I will surely follow your lead and cash some out
November 23, 2013, 06:35:38 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
November 23, 2013, 06:30:28 AM
The scornful replies to my observation indicate that you have too many bitcoins and that makes you emotional. I suggest you do what I have done and cash out a couple of $M so that you can sleep better and become less touchy
Nice try... You didn't reply to any of my good non-emotional arguments, but you try to use this cheat-argument to get the attention away from them... and this emotion card is more fit to you, because you changed your strategic and didn't buy back in at loss, what a mistake, am i right?
I select the people whom I ignore with the button, ignore by not replying, or reply with various tones.
I think you are making progress in your postings and are doing good. It didn't feel important to address your remarks, since I have already posted my investment strategy in detail in this thread, and your reply reveals that you have not read it. Of course it is not a requirement for you to read everything that I have ever posted (although I think it is time very well spent). I have no obligation to convince you that I play according to completely different rules. Upon saying that, however, I can explain:
- Most speculators hope that something will happen, and make trades based upon that. This, in the long term, does not lead to good result due to various factors.
- I estimate the scenarios (what could possibly happen), estimate probabilities, calculate value functions, and find whether I should realign the portfolio or not. I also decide what I do next in each of the scenarios. I do not buy or sell anything at a whim. I can hardly make a loss because I always select the choice which gives the best expected value. Even if a "negative" scenario happens, it does not change anything, because I never take risks. I spent several hours between the China $1,100 top and the start of selling, analyzing various things, such as the chart that quacks like a duck (100% per week is a parabolic top, no matter how rich you want to be.) Bitcoin can as well go to zero or million dollars. Everything is considered.
TL;DR: I don't find it interesting enough to discuss the topic at such a low level.
November 23, 2013, 06:19:14 AM
why singapore? that's one useless shopping center hell
Oh, the hours/days I've spent traipsing up and down, round and round Singapore airport - hell, I tell you HELL!
Go away with your porn and your shiny, soulless airport.
Have an ignore.
November 23, 2013, 06:15:37 AM
Fill in the blanks:
From March 18 to April 9, in 23 days, bitcoin appreciated 379% against the USD, which is average 7.0% daily. The following day it crashed, erasing all the gains of the last 3 weeks, and providing a stellar buying opportunity.
From November 3 to November 23, in 21 days, bitcoin appreciated 291% against the USD, which is average 6.7% daily. It still has room to appreciate __% in _ days, after which it will _____, erase ___ the gains of the last _ weeks and provide a ________ ______ ___________.
See for yourself
From March 18 to April 9, in 23 days, bitcoin appreciated 379% against the USD, which is average 7.0% daily. The following day it crashed, erasing all the gains of the last 3 weeks, and providing a stellar buying opportunity.
From November 3 to November 23, in 21 days, bitcoin appreciated 291% against the USD, which is average 6.7% daily. It still has room to appreciate __% in _ days, after which it will _____, erase ___ the gains of the last _ weeks and provide a ________ ______ ___________.
See for yourself
As much I would love to take your post's serious, I'm pretty sure you have made statements in the past to trick people into trading for your benefit. Which is a shame, because I think your posts are quite insightful. Kind of like the boy that cried wolf.
November 23, 2013, 06:14:25 AM
why singapore? that's one useless shopping center hell
Oh, the hours/days I've spent traipsing up and down, round and round Singapore airport - hell, I tell you HELL!
Go away with your porn and your shiny, soulless airport.
Have an ignore.
November 23, 2013, 06:13:58 AM
The scornful replies to my observation indicate that you have too many bitcoins and that makes you emotional. I suggest you do what I have done and cash out a couple of $M so that you can sleep better and become less touchy
I do not need Fiat ATM, I will sure cash out some when I need it, I am exploring few other investment, "hint:" Litecoin
November 23, 2013, 06:12:18 AM
The scornful replies to my observation indicate that you have too many bitcoins and that makes you emotional. I suggest you do what I have done and cash out a couple of $M so that you can sleep better and become less touchy
Just sprayed coffee all over the keyboard laughing....Hilarious, wish I had that solution in my problem solving box!
Finally someone catches the point
Where do you cash out a couple of $M? Don't the exchanges have limits?
Where there is a couple of $M, there is a way.
Someone needs to start a business of "wealth management for bitcoin millionaires" .
Seriously.
Yes, I am a wealth manager, doing that professionally since 2006. My personal APR is something like 40% in last 10 years (bitcoin distorts things everybody has that nowadays..
)There are so many services that are so important for the bitcoin millionaires, and so few people are in the position to do it. Old world is clueless and/or untrustable. I will be able to make however much I want by selling targeted services to bitcoiners.
The "problem" is that I already have so much money in all possible forms that receiving more of it does not make a difference.
I just continue to offer exactly the services what I perceive to be the most useful (see sig for details). It does not matter if I make money or not. My advice is generally free, I have sold it in the past but it did not feel good. Whoever has an ear, let him hear.
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