Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32272. (Read 26474181 times)

Isn't it a bit judgemental to think that all members in here subscribe to just one economic theory? I wrote this a long time a go and I also had my fight with the pure Austrians:
https://bitcointalksearch.org/topic/how-to-value-a-currency-160227

I can't see what all the fuss is about. I trade bitcoins for my customers but I do not currently need to buy this kind of amount. I might in the future, though. Might as well arm myself with some knowledge.

By announcing on a public forum when you're going to buy and at what price you're prepared to buy. Posts on this thread such as, "Wow, get ready for the big one," will suffice just fine though.

What lessons are being learned exactly?

What? That reform is necessary

LOL'd
I'd love to explore further, that's infiltrate not influence

So now the Austrians know how we got here and why things are the way they are what was the point?

First off, don't post the question on these forums  .  

But seriously, that's not a huge amount -- ~500 to 2k coins at today's prices.  The key questions here are:
What's your starting point? (are you verified on any exchanges)
What's your timeframe?
Is this potentially a repeat thing?
Are you interesting in cultivating new exchanges?

The best short-term strategy that does not involve manipulation would be to purchase on multiple exchanges simultaneously.  You could probably fill that order on bitstamp, btc-e, campbx and only drive the price up a buck or two.  By using multiple exchanges and buying as soon as the money hits your accounts you minimize exchange risk.  But that presupposes you have accounts in these places.

If you had only one account (at bitstamp, say) and a longer timeframe, I'd break the purchase into 3-4 smaller wires to minimize exchange risk.  That would also space the purchases out so you'd likely not move the market.

But if you anticipate repeat business (and judging by your website, I'd guess you do), I'd register and KYC with every exchange I could find, including one in China.  Because you never know when an exchange could disappear... and if you are filling whale orders you may need to produce on a short timeframe.

Finally, you might want to create a relationship with one of the new exchanges that have been recently announced and risk a few $ filling out their bid orderbook.  I'll bet a phone call could get you really low fees...

Is it a weekday? I can't tell by looking at the daily volume. 

Very good question

Do you want to buy for the current price of around $135 for sure?

Or do you doubt about buying at current price and think about waiting for it to go lower?

Thank you! Good to see you back online. How is Hopea doing?

I have moderate experience in buying such quantity from an exchange. It is difficult to give good advice, because it depends a lot on the exchange, the general mood, and the players in the exchange. If there are big sellers watching, it may be good to set up a wall near the market, this will induce them to sell without slippage for both. This approach may, however, be detrimental in boom days, where a big bid wall just prompts other bidders higher.

If you dare to bring scarecoins to the particular exchange, it is possible to pretend to be on the sell side with big walls, while actually purchasing nimbly. Even more aggressive tactic is to batter the price down with a supposed flood of coins (very few of which are actually for sale though) and purchase 5-10% cheaper.

Before doing anything creative it is important to familiarize yourself with the exchange in question, plus the market situation.

Sirius Money looks good. +1 

Not much going on in here so I might as well throw this question out:
If you want to buy for a large amount, say between $ 50k and $ 200k, what is usually the be way to buy them on the exchanges? I guess somekind of limit order would be preferable?

I think they got caught up in the number of API request thing. Hopefully they can get it sorted out, whatever the reason.

Whats up with bitstamp banning trading.i286 from using it?
http://trading.i286.org/bitstamp/?item=btc¤cy=usd

gawd (TM). And the thread goes back to when AOL added IRC to their 'Package Deal'.

/\ that or Electricmucus sees a bunch a frat boys about to go blind.

So what you are saying is there is a chance that with enough circle jerkin' we could propel bitcoin over $1000 by friday?



I read ya  

If you didn't know what a circle jerk is: (I come from a sheltered environment)

It is: When a bunch of politicians - get together for a debate but usually end up agreeing with each other's viewpoints to the point of redundancy, stroking each other's egos as if they were extensions of their genitals. Basically, it's what happens when the choir preaches to itself.

I LOL'd at the thought applied to Bitcoin.

I also cast my vote in favor of this measure, which seems more relevant than the ChartBuddy issue anyways.

As long as CB is small, 3d, and accurate, I don't particularly care, but it'd be nice if it only updated hourly when volatility was significant. Otherwise once every 6-12 hours is probably sufficient.

NOFX - I'm going to hell for this one