Aside from a few people (or one person) puting up ask walls, BitStamp is straight up dead.
We were sleeping, since it was night. Sunday night. What is wrong with you?
Just last week I was able to market sell
BTC500 there with about 0.7% slippage (I mean sell with one click). I think it was a fair deal, since the intention for me was not to make petty money but to realign the portfolio for the purchasing of more silver. For a trade of this size, it worked very fine. The largest volume I have done there in one day was
BTC1,800.
Keep some
BTC, man. You might feel sorry otherwise.
The biggest BTC bull ending up missing the train would be ironic.
He told bitcoin was going to be $100,000 by the end of the year, right?
So what are you doing selling bitcoins!?
Better yet, how are you going to buy silver with gox dollars? I haven't seen a PM dealer yet that takes those.
LOL, in April
I took goxusd as payment for silver and gold
You will find it in my public diary, those were the days when commissions abounded... The need to buy back silver now is a direct result of those actions in the spring. I took a long vacation in between...
(This time we are talking about selling in bitstamp, as evident from the quote)
After this reduction, bitcoins are still my largest holding by asset type. They are spread in multiple companies and jurisdictions, and - thank you for taking care about me - it is unlikely that I would be
able to sell them all in a panic. In April I had a scheme to sell
BTC2000, but managed to sell only about
BTC300 before the price crashed (the following day). Then I bought back 3 times the amount and then some. Next adjustment down will be about 20%, when the first of the following happens:
- Price rises to 1000-2000
- It generates a 2013-style bubble, even if price is less than 1000
- In March, 2015
- Need to purchase something and bitcoin is most (tax-)efficient to sell.
My prediction that Bitcoin would go to $300k by the end of the year did both good and harm. Financially it ended up doing good. I bought a lot of "unnecessary" bitcoins above the core position after the crash. Now I can sell them at wash (or better), and buy back the silver cheaper.