Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31995.

NewLiberty

legendary

Activity: 1204

Merit: 1002

Gresham's Lawyer

Quote from: ButchHashidy on November 15, 2013, 10:00:26 PM

No dont get discouraged. Butter bot threads full of people with success ... But if you look through the help the OP gives, you have to do your back testing and make sure you set the values to what other people that are successful with. I'm pretty new to this all too, but when I calibrated one of the bitcoincharts using EMA 9/20 and a HOURLY sample, it appeared to be giving a pretty solid sell signal. But, if you notice, most people using the butter bot have it set to 2 hour intervals. When you go to the same chart and set it to 2 hours, the lines don't converge.. D'OH! Don't forget golden rule of trading is you'll win some and lose some...Just try to win MORE when you win Wink

. When you get the bot configured right, you should have more positive experience.

Or set it to 1:58 and front-run the herd?

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: seleme on November 15, 2013, 11:45:34 PM

If these buy and hold smartasses could have it on their own someone would still trying to buy a pizza with 10 000 coins.

What a load of bullshit.

lol no.

seleme

legendary

Activity: 2772

Merit: 1028

Duelbits.com

If these buy and hold smartasses could have it on their own someone would still trying to buy a pizza with 10 000 coins.

What a load of bullshit.

TERA

hero member

Activity: 728

Merit: 500

Quote from: CryptStorm on November 15, 2013, 10:49:16 PM

Quote from: justusranvier on November 15, 2013, 10:42:31 PM

Quote from: mccorvic on November 15, 2013, 09:46:03 PM

Quote from: Odrec on November 15, 2013, 09:22:32 PM

Stupid bot sold all my bitcoins at a loss and now it seems it will buy again at a loss bitcoin-wise too Sad

Why do you think we keep saying "Buy and hold". Do you think we're joking? Do you think this is some kind of game?

Buy. and. hold!!!

For the longest time.

It's funny (or tough?). I know that (holding) is the right thing to do, most likely, even in this scenario, but can't help to want to up trade the rogue waves. I imagine that even had I bought in at 4$ (yes, I'm jealous), I might still be tempted to trade the major parabolic swings (April, now).

Hold some btc in an exchange like bitfinex and use it as collateral for margin trading. use margin to trade the waves.

CoinDox

full member

Activity: 192

Merit: 100

Quote from: justusranvier on November 15, 2013, 11:38:05 PM

Quote from: Richy_T on November 15, 2013, 11:36:06 PM

I really don't understand the "all or nothing" mentality of some people. Hold some, trade some. Even when you lose, you win.

You're neglecting opportunity cost.

What if you spend hours per day trading for months, just to end up where you would have been with a buy and hold strategy? What else could you have done with your life during those months?

This is so very true...

justusranvier

legendary

Activity: 1400

Merit: 1013

Quote from: Richy_T on November 15, 2013, 11:36:06 PM

I really don't understand the "all or nothing" mentality of some people. Hold some, trade some. Even when you lose, you win.

You're neglecting opportunity cost.

What if you spend hours per day trading for months, just to end up where you would have been with a buy and hold strategy? What else could you have done with your life during those months?

Richy_T

legendary

Activity: 2576

Merit: 2267

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

I really don't understand the "all or nothing" mentality of some people. Hold some, trade some. Even when you lose, you win.

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

CryptStorm

full member

Activity: 126

Merit: 100

Quote from: justusranvier on November 15, 2013, 10:42:31 PM

Quote from: mccorvic on November 15, 2013, 09:46:03 PM

Quote from: Odrec on November 15, 2013, 09:22:32 PM

Stupid bot sold all my bitcoins at a loss and now it seems it will buy again at a loss bitcoin-wise too Sad

Why do you think we keep saying "Buy and hold". Do you think we're joking? Do you think this is some kind of game?

Buy. and. hold!!!

For the longest time.

It's funny (or tough?). I know that (holding) is the right thing to do, most likely, even in this scenario, but can't help to want to up trade the rogue waves. I imagine that even had I bought in at 4$ (yes, I'm jealous), I might still be tempted to trade the major parabolic swings (April, now).

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: CryptStorm on November 15, 2013, 10:41:15 PM

Quote from: adamstgBit on November 15, 2013, 10:28:59 PM

Quote from: haightst on November 15, 2013, 10:09:53 PM

Quote from: adamstgBit on November 15, 2013, 09:17:51 PM

GO GO GO!

seems like the rally might start up sometime soon the usefulness of bitcoin is whats driving this to $1000+

Cool

i dont understand why no one seem to see this

there's clearly ALOT of things BIG things being worked on and or just starting to get off the ground when it come to bitcoin's usefulness, when the ATMs are more widespread WU will fall, but obviously bitcoin will not stop there.

and then you look at the current market cap
and then you look back at development
and then you look at the current market cap

and then your like wtf!? why is the value so god damn low!

I'd like the believe that I am (and others are) here because I (we) do see the usefulness and the value.

I am here to take part in something i strongly believe in, the fiat scheme MUST GO!

justusranvier

legendary

Activity: 1400

Merit: 1013

Quote from: mccorvic on November 15, 2013, 09:46:03 PM

Quote from: Odrec on November 15, 2013, 09:22:32 PM

Stupid bot sold all my bitcoins at a loss and now it seems it will buy again at a loss bitcoin-wise too Sad

Why do you think we keep saying "Buy and hold". Do you think we're joking? Do you think this is some kind of game?

Buy. and. hold!!!

For the longest time.

CryptStorm

full member

Activity: 126

Merit: 100

Quote from: adamstgBit on November 15, 2013, 10:28:59 PM

Quote from: haightst on November 15, 2013, 10:09:53 PM

Quote from: adamstgBit on November 15, 2013, 09:17:51 PM

GO GO GO!

seems like the rally might start up sometime soon the usefulness of bitcoin is whats driving this to $1000+

Cool

i dont understand why no one seem to see this

there's clearly ALOT of things BIG things being worked on and or just starting to get off the ground when it come to bitcoin's usefulness, when the ATMs are more widespread WU will fall, but obviously bitcoin will not stop there.

and then you look at the current market cap
and then you look back at development
and then you look at the current market cap

and then your like wtf!? why is the value so god damn low!

I'd like the believe that I am (and others are) here because I (we) do see the usefulness and the value.

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: haightst on November 15, 2013, 10:09:53 PM

Quote from: adamstgBit on November 15, 2013, 09:17:51 PM

GO GO GO!

seems like the rally might start up sometime soon the usefulness of bitcoin is whats driving this to $1000+

Cool

i dont understand why no one seem to see this

there's clearly ALOT of things BIG things being worked on and or just starting to get off the ground when it come to bitcoin's usefulness, when the ATMs are more widespread WU will fall, but obviously bitcoin will not stop there.

and then you look at the current market cap
and then you look back at development
and then you look at the current market cap

and then your like wtf!? why is the value so god damn low!

Odrec

member

Activity: 112

Merit: 10

Quote from: ButchHashidy on November 15, 2013, 10:00:26 PM

Quote from: Odrec on November 15, 2013, 09:54:41 PM

Quote from: mccorvic on November 15, 2013, 09:46:03 PM

Quote from: Odrec on November 15, 2013, 09:22:32 PM

Stupid bot sold all my bitcoins at a loss and now it seems it will buy again at a loss bitcoin-wise too Sad

Why do you think we keep saying "Buy and hold". Do you think we're joking? Do you think this is some kind of game?

Buy. and. hold!!!

I'm sorry for not listening Cry

No dont get discouraged. Butter bot threads full of people with success ... But if you look through the help the OP gives, you have to do your back testing and make sure you set the values to what other people that are successful with. I'm pretty new to this all too, but when I calibrated one of the bitcoincharts using EMA 9/20 and a HOURLY sample, it appeared to be giving a pretty solid sell signal. But, if you notice, most people using the butter bot have it set to 2 hour intervals. When you go to the same chart and set it to 2 hours, the lines don't converge.. D'OH! Don't forget golden rule of trading is you'll win some and lose some...Just try to win MORE when you win Wink

. When you get the bot configured right, you should have more positive experience.

thanks for the suggestion

. I think i'm leaving the bot alone until I get a hang of this first.

haightst

newbie

Activity: 42

Merit: 0

Quote from: adamstgBit on November 15, 2013, 09:17:51 PM

GO GO GO!

seems like the rally might start up sometime soon the usefulness of bitcoin is whats driving this to $1000+

Cool

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

ButchHashidy

member

Activity: 76

Merit: 10

...and the BitcoinKid

Quote from: Odrec on November 15, 2013, 09:54:41 PM

Quote from: mccorvic on November 15, 2013, 09:46:03 PM

Quote from: Odrec on November 15, 2013, 09:22:32 PM

Stupid bot sold all my bitcoins at a loss and now it seems it will buy again at a loss bitcoin-wise too Sad

Why do you think we keep saying "Buy and hold". Do you think we're joking? Do you think this is some kind of game?

Buy. and. hold!!!

I'm sorry for not listening Cry

No dont get discouraged. Butter bot threads full of people with success ... But if you look through the help the OP gives, you have to do your back testing and make sure you set the values to what other people that are successful with. I'm pretty new to this all too, but when I calibrated one of the bitcoincharts using EMA 9/20 and a HOURLY sample, it appeared to be giving a pretty solid sell signal. But, if you notice, most people using the butter bot have it set to 2 hour intervals. When you go to the same chart and set it to 2 hours, the lines don't converge.. D'OH! Don't forget golden rule of trading is you'll win some and lose some...Just try to win MORE when you win Wink

. When you get the bot configured right, you should have more positive experience.

dasein

full member

Activity: 122

Merit: 100