Wall at 210 GOX, 2.5M$
total on order book 25.5M$
total on order book 25.5M$
sorry, what? I see 212 coins at 210.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32041. (Read 26607917 times)
November 13, 2013, 02:51:10 PM
sorry, what? I see 212 coins at 210.
November 13, 2013, 02:48:06 PM
They want in, and they want in big.
November 13, 2013, 02:45:34 PM
Wall at 210 GOX, 2.5M$
total on order book 25.5M$
total on order book 25.5M$
November 13, 2013, 02:44:36 PM
watch it when there is an all time high.
edit: like now!
4:20 isn't resistance you silly goat = it's CONFIRMATION TO 500-1000!!!*jmho!
November 13, 2013, 02:41:02 PM
Thai characters on keyboard, you in Thailand ?
Thai stick no doubt?
haaa November 13, 2013, 02:35:25 PM
Well colour me awed!
The old man dumped another 100 BTC at $406.
"This is getting ridiculous. What am I meant to do with this $40K? Buy more Bitcoin?"
"I think I might change the plan slightly. Sell 50 instead of 100 at every $100 mark..."
The old man dumped another 100 BTC at $406.
"This is getting ridiculous. What am I meant to do with this $40K? Buy more Bitcoin?"
"I think I might change the plan slightly. Sell 50 instead of 100 at every $100 mark..."
I'm trying to pay off the last of my school loans... It would take about $1800 to do so...donations would be grateful!
Or he could set up a scholarship for needy kids?
You went to college and you're begging? And you own bitcoins no less? Pathetic.
Just buy some bitcoins and wait a year then pay off the loan in full easily.
November 13, 2013, 02:33:51 PM
That's the advantage of using a percentage-based withdrawal, with whatever level of conservative/aggression your tastes demand.
Because we've recently gone parabolic, I've personally started using this format, but putting rebuys, proportional to each sell, below each normally finalized sale.
As an example:
You sell 10 Bitcoins at $100.
Rebuy 4 Bitcoins at $90
Rebuy 3 Bitcoins at $80
Rebuy 2 Bitcoins at $50
Rebuy 1 Bitcoin at $33
This way, without knowing how far up the parabolic rise will go before the inevitable correction, consolidation, and finding of new equilibrium.
You'll never have sold more than you were willing to ultimately part with.
All your rebuys will be for a net gain of Bitcoins.
The weakness is that you'll leave money on the table - there is virtually no chance such a system will maximize profits...but that is not the goal.
The advantage? When the instigating event - whatever it may be - causes the crash to occur...all your rebuys will be in place, and according to a pre-planned, controlled method. You will not be hostage to the inability to change your order book for hours at a time - something that occurred both in the April crash, and most recently, for a few hours on our good friend Gox.
Because we've recently gone parabolic, I've personally started using this format, but putting rebuys, proportional to each sell, below each normally finalized sale.
As an example:
You sell 10 Bitcoins at $100.
Rebuy 4 Bitcoins at $90
Rebuy 3 Bitcoins at $80
Rebuy 2 Bitcoins at $50
Rebuy 1 Bitcoin at $33
This way, without knowing how far up the parabolic rise will go before the inevitable correction, consolidation, and finding of new equilibrium.
You'll never have sold more than you were willing to ultimately part with.
All your rebuys will be for a net gain of Bitcoins.
The weakness is that you'll leave money on the table - there is virtually no chance such a system will maximize profits...but that is not the goal.
The advantage? When the instigating event - whatever it may be - causes the crash to occur...all your rebuys will be in place, and according to a pre-planned, controlled method. You will not be hostage to the inability to change your order book for hours at a time - something that occurred both in the April crash, and most recently, for a few hours on our good friend Gox.
Problem is still determining the top. In your example, say you set your stop order at 100 ahead of time and your rebuys accordingly lower, but price continues to climb significantly higher before it corrects, there is a chance it will never fall deep enough to trigger any of those rebuys. In other words, you missed out on profit (because you sold to early), and you're not getting your coins back. What I'm trying to say is, you would have to constantly re-adjust your stop order and the rebuy levels, depending on how the trend progresses.
November 13, 2013, 02:28:30 PM
What did bitcoinity do at $400 and $420?
November 13, 2013, 02:23:20 PM
Well colour me awed!
The old man dumped another 100 BTC at $406.
"This is getting ridiculous. What am I meant to do with this $40K? Buy more Bitcoin?"
"I think I might change the plan slightly. Sell 50 instead of 100 at every $100 mark..."
The old man dumped another 100 BTC at $406.
"This is getting ridiculous. What am I meant to do with this $40K? Buy more Bitcoin?"
"I think I might change the plan slightly. Sell 50 instead of 100 at every $100 mark..."
Yes, otherwise you will be out by summer.
Tell him you expect him to live longer than summer and want to have more time discussing this with him.
That's the advantage of using a percentage-based withdrawal, with whatever level of conservative/aggression your tastes demand.
Because we've recently gone parabolic, I've personally started using this format, but putting rebuys, proportional to each sell, below each normally finalized sale.
As an example:
You sell 10 Bitcoins at $100.
Rebuy 4 Bitcoins at $90
Rebuy 3 Bitcoins at $80
Rebuy 2 Bitcoins at $50
Rebuy 1 Bitcoin at $33
This way, without knowing how far up the parabolic rise will go before the inevitable correction, consolidation, and finding of new equilibrium.
You'll never have sold more than you were willing to ultimately part with.
All your rebuys will be for a net gain of Bitcoins.
The weakness is that you'll leave money on the table - there is virtually no chance such a system will maximize profits...but that is not the goal.
The advantage? When the instigating event - whatever it may be - causes the crash to occur...all your rebuys will be in place, and according to a pre-planned, controlled method. You will not be hostage to the inability to change your order book for hours at a time - something that occurred both in the April crash, and most recently, for a few hours on our good friend Gox.
November 13, 2013, 02:17:52 PM
If he doesn't need the money, why is he selling at all?
He hasn't needed more money for 15 years.
One of the reasons for that is his discipline and management skills. His last two trades are reflection of those qualities.
I'm trying to pay off the last of my school loans... It would take about $1800 to do so...donations would be grateful!
Or he could set up a scholarship for needy kids?
Or he could set up a scholarship for needy kids?
He donates to 4 charities and I am sure they will all get a nice surprise this Christmas.
November 13, 2013, 02:16:34 PM
If he doesn't need the money, why is he selling at all?
He hasn't needed more money for 15 years.
One of the reasons for that is his discipline and management skills. His last two trades are reflection of those qualities.
I'm trying to pay off the last of my school loans... It would take about $1800 to do so...donations would be grateful!
Or he could set up a scholarship for needy kids?
Or he could set up a scholarship for needy kids?
He donates to 4 charities and I am sure they will all get a nice surprise this Christmas.
November 13, 2013, 02:16:25 PM
This market runs around like a headless chicken.
Zoom out. That chicken has been climbing a mountain for 3 years.
it's not headless and it may have its hart ripped out when it gets to the top.
November 13, 2013, 02:15:28 PM
Somebody better let Bitstamp know there's a rally going on.
November 13, 2013, 02:08:24 PM
Well colour me awed!
The old man dumped another 100 BTC at $406.
"This is getting ridiculous. What am I meant to do with this $40K? Buy more Bitcoin?"
"I think I might change the plan slightly. Sell 50 instead of 100 at every $100 mark..."
The old man dumped another 100 BTC at $406.
"This is getting ridiculous. What am I meant to do with this $40K? Buy more Bitcoin?"
"I think I might change the plan slightly. Sell 50 instead of 100 at every $100 mark..."
I'm trying to pay off the last of my school loans... It would take about $1800 to do so...donations would be grateful!
Or he could set up a scholarship for needy kids?
November 13, 2013, 02:07:43 PM
"This is getting ridiculous. What am I meant to do with this $40K?
Bitcoin-er problems..
If he doesn't need the money, why is he selling at all? Hell, sell 10 btc every $100 if it makes you feel better about taking profits on occasion.
November 13, 2013, 02:07:06 PM
Well colour me awed!
The old man dumped another 100 BTC at $406.
"This is getting ridiculous. What am I meant to do with this $40K? Buy more Bitcoin?"
"I think I might change the plan slightly. Sell 50 instead of 100 at every $100 mark..."
The old man dumped another 100 BTC at $406.
"This is getting ridiculous. What am I meant to do with this $40K? Buy more Bitcoin?"
"I think I might change the plan slightly. Sell 50 instead of 100 at every $100 mark..."
Yes, otherwise you will be out by summer.
Tell him you expect him to live longer than summer and want to have more time discussing this with him.
November 13, 2013, 02:06:56 PM
The longer it takes for us to go parabolic, the higher the peak on this thing is ultimately going to be.
we haven't gone parabolic yet?
I thought we had, on the last runup before the correction to $300. But if you look closely at the most recent curvature, no.
November 13, 2013, 02:05:57 PM
The longer it takes for us to go parabolic, the higher the peak on this thing is ultimately going to be.
we haven't gone parabolic yet? November 13, 2013, 02:03:49 PM
Well colour me awed!
The old man dumped another 100 BTC at $406.
"This is getting ridiculous. What am I meant to do with this $40K? Buy more Bitcoin?"
"I think I might change the plan slightly. Sell 50 instead of 100 at every $100 mark..."
The old man dumped another 100 BTC at $406.
"This is getting ridiculous. What am I meant to do with this $40K? Buy more Bitcoin?"
"I think I might change the plan slightly. Sell 50 instead of 100 at every $100 mark..."
November 13, 2013, 01:58:30 PM
The only way you take profits in bitcoin is to buy some. The cheaper you buy, the more profits you take.
This isn't correct. You can do leveraged margin trading on Bitfinex (which also allows you to buy/sell on Bitstamp) and increase your stash of coins by that. A margin trade should be closed from time to time; in case of going long that means selling the coins you bought with borrowed USD.Jump to: