Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32594. (Read 26609780 times)
September 10, 2013, 01:02:23 PM
September 10, 2013, 01:01:47 PM
Perhaps today is the day that the big lumbering dinosaur has been wiped out by an incoming asteroid?
I hope not. I have some money deposited in Gox.
Besides Japan is a good jurisdiction for a bitcoiner who lives in a legal fiction called EU. I wouldn't be putting serious money in bitstamp.
So the debate is between good jurisdiction and actually being able to access, trade, and reacquire your bitcoin. Sounds like a tough choice.
Perhaps today is the day that the big lumbering dinosaur has been wiped out by an incoming asteroid?
I hope not. I have some money deposited in Gox.
Besides Japan is a good jurisdiction for a bitcoiner who lives in a legal fiction called EU. I wouldn't be putting serious money in bitstamp.
Why not? For us in the EU bitstamp is a heck of a lot easier to go after (Located in the UK) then Gox in Japan.
September 10, 2013, 12:52:31 PM
Perhaps today is the day that the big lumbering dinosaur has been wiped out by an incoming asteroid?
I hope not. I have some money deposited in Gox.
Besides Japan is a good jurisdiction for a bitcoiner who lives in a legal fiction called EU. I wouldn't be putting serious money in bitstamp.
So the debate is between good jurisdiction and actually being able to access, trade, and reacquire your bitcoin. Sounds like a tough choice.
September 10, 2013, 12:52:27 PM
Good point. If you don't trust the exchange, arrange for a client side stop loss function. At least no one would know exacly your stop loss order.
Do you know any good clients / front-ends that work with MtGox?
If you have a fixed stop loss limit, just enter an order before you get to bed. For a normal stop loss, where you want to sell after price is down a certain amount, I guess you can use any of the bots ( I havent tried them). You also need to decide if you want to sell for any price or for a minimum price. Personally I have a buy and hold stragegy, but earlier, when I traded in shares, I did not like stop loss because the suspicion that someone can trigger them for the effect. This can of course be done also without knowing the exact list of the stop loss orders.
September 10, 2013, 12:51:22 PM
Perhaps today is the day that the big lumbering dinosaur has been wiped out by an incoming asteroid?
I hope not. I have some money deposited in Gox.
Besides Japan is a good jurisdiction for a bitcoiner who lives in a legal fiction called EU. I wouldn't be putting serious money in bitstamp.
September 10, 2013, 12:50:00 PM
If i saw only the asks abruptly rising, maybe. But bids just went up $1mill. And bid sum is much better indicator of health than ask sum. We will see. My bid at $114 hasn't been hit, and my secret gox last price thing still hasn't budged.
How do you figure?
I focus on the Ask Sum. When it gets under 40,000, the climb upwards steepens significantly (less buys push price further, more slippage). This grabs the attention of sellers who are waiting for the top. They get itchy fingers. The steep climb up generally means a steep fall down (due to shallow bid depth), unless the price has plateaued for a while.
September 10, 2013, 12:46:47 PM
It's really incredible this is still happening. That there is still no 24/7 person on twitter, no guy who sits in the forums pleading for calm. Really amazing.
September 10, 2013, 12:43:24 PM
something is happening!!!! Look at this
[...]
Wow!
[...]
Wow!
Below is my hypothesis / speculation (nothing more than a speculation of an old man) from yesterday of what I though MIGHT be possible today / tomorrow. I put my buy order aggressively low.
We'll see what happens if Gox's feed works again
If i saw only the asks abruptly rising, maybe. But bids just went up $1mill. And bid sum is much better indicator of health than ask sum. We will see. My bid at $114 hasn't been hit, and my secret gox last price thing still hasn't budged.
September 10, 2013, 12:41:59 PM
It would be nice to have a twitter update or SOMETHING from Gox but as usual they are mum.
They are to busy googling "How do I buizness??" atm.
50 years from now we will be telling our grandkids about Gox and they won't believe that such levels of incompetence lasted for more than 5 minutes let alone several years.
Perhaps today is the day that the big lumbering dinosaur has been wiped out by an incoming asteroid?
September 10, 2013, 12:41:32 PM
You're not helping things. Posts like this caused the last big crash. Just relax.
Trust me, posts like these have no influence over a crash or rally happening
September 10, 2013, 12:39:34 PM
Good point. If you don't trust the exchange, arrange for a client side stop loss function. At least no one would know exacly your stop loss order.
Do you know any good clients / front-ends that work with MtGox?
September 10, 2013, 12:38:22 PM
something is happening!!!! Look at this
[...]
Wow!
[...]
Wow!
Below is my hypothesis / speculation (nothing more than a speculation of an old man) from yesterday of what I though MIGHT be possible today / tomorrow. I put my buy order aggressively low.
We'll see what happens if Gox's feed works again
You're not helping things. Posts like this caused the last big crash. Just relax.
September 10, 2013, 12:37:01 PM
something is happening!!!! Look at this
[...]
Wow!
[...]
Wow!
Below is my hypothesis / speculation (nothing more than a speculation of an old man) from yesterday of what I though MIGHT be possible today / tomorrow. I put my buy order aggressively low.
We'll see what happens if Gox's feed works again
September 10, 2013, 12:29:17 PM
It would be nice to have a twitter update or SOMETHING from Gox but as usual they are mum.
They are to busy googling "How do I buizness??" atm.
September 10, 2013, 12:28:48 PM
If you offer a stop loss would you not simply put the coins for sale at the stop loss? How can they end up not being sold then?
Example:
1. imagine you have 10k BTC
2. set stop loss @ $130
=> there is not buyer who can buy your coins
The only way you could do it would be to have the script / engine monitor the bid depth and dump accordingly and in advance as the price falls.
If someone else dumps a large amount of Bitcoin - something like 5-10K moving the price straight past your stop loss trigger point then you would be out of luck and could end up missing your sell point by a large amount due to the low liquidity and huge swings in this market.
Yes, in such a case, you would get much lower than 130.
A large stop loss on real exchanges is what the day-traders and bots are sort of hoping to trigger... if they can sell into the stop price, and trigger the big sell, they can then buy after the stop-loss triggered market-order selling is done (and any other stops that such selling may trigger) and then get cheap coins.
Thin markets are decent reasons not to have stop loss orders, but offering the option for folks to do it anyway may be in the best interests of the exchange from a pure trade-revenue perspective. If they were trading their own exchange, then it would REALLY be in their best interests, though that would be inviting the SEC in a away that would best be avoided...
Good point. If you don't trust the exchange, arrange for a client side stop loss function. At least no one would know exacly your stop loss order.
September 10, 2013, 12:27:42 PM
I'm not ruling out the possibility of a glitch at this point, but the order movement is interesting to watch. It would be nice to have a twitter update or SOMETHING from Gox but as usual they are mum. If users are intermittently getting it it makes sense that they are setting up massive bids to catch a potential crash, and slightly less BTC to catch bumps.
September 10, 2013, 12:27:33 PM
Bitcoin never fails to entertain 
September 10, 2013, 12:25:01 PM
something is happening!!!! Look at this
Wow!
Wow!
September 10, 2013, 12:21:45 PM
Did someone turn the lights off ?
September 10, 2013, 12:18:52 PM
Besides, most likely some Litecoin users are seriously angry about the endless delay.
The endess delay in relevancy? In that case, they're going to have to keep waiting for a very, very, very long time.
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