). Deliberately putting large sale offers for much lower ask prices than current bids.Too bad I didn't have a shitload of cash ready at the exchanges. Would have loved to pick up a huge stack of coins at these prices!
Topic: When will October's bubble burst? - page 2. (Read 11026 times)
Somebody is heavily playing the market (or trying tot do so, at least ). Deliberately putting large sale offers for much lower ask prices than current bids.
Too bad I didn't have a shitload of cash ready at the exchanges. Would have loved to pick up a huge stack of coins at these prices!
). Deliberately putting large sale offers for much lower ask prices than current bids.Too bad I didn't have a shitload of cash ready at the exchanges. Would have loved to pick up a huge stack of coins at these prices!
What would be the best LIVE graph or stats to watch as this all unfolds? as far as i know i just keep hitting refresh on mt.gox or look at my chrome widget. I am sure there is a better option?
as far as i know i just keep hitting refresh on mt.gox or look at my chrome widget. I am sure there is a better option? rtbtc.com has the best Real time stats that I know of. However, It does requires a small fee to use.
Cheers
What would be the best LIVE graph or stats to watch as this all unfolds? as far as i know i just keep hitting refresh on mt.gox or look at my chrome widget. I am sure there is a better option?
as far as i know i just keep hitting refresh on mt.gox or look at my chrome widget. I am sure there is a better option? I like http://www.bitcoinity.org/markets/mtgox/USD.
perfect and very easy on the eyes! Thanks a mucho
What would be the best LIVE graph or stats to watch as this all unfolds? as far as i know i just keep hitting refresh on mt.gox or look at my chrome widget. I am sure there is a better option?
as far as i know i just keep hitting refresh on mt.gox or look at my chrome widget. I am sure there is a better option? I like http://www.bitcoinity.org/markets/mtgox/USD.
What would be the best LIVE graph or stats to watch as this all unfolds? as far as i know i just keep hitting refresh on mt.gox or look at my chrome widget. I am sure there is a better option?
as far as i know i just keep hitting refresh on mt.gox or look at my chrome widget. I am sure there is a better option? 
ya or someone trying to hold up the market....!
someone is trying to tank the market. not so easy these days.
Don't count your horses before they're hatched. This doesn't look like a reversal of the market; more likely it's a single trader dumping their half-a-million bucks worth of BTC. The critical part is what happens in the next few hours.
A single trader dumping on btcchina gox and bitstamp at the same time?
damn how can I sleep now there is a chance to cheap coins before I wake up in the morning
Don't count your horses before they're hatched. This doesn't look like a reversal of the market; more likely it's a single trader dumping their half-a-million bucks worth of BTC. That could be the trigger for a correction, but it's also possible that limit orders will start filling in and we see a recovery.
Keep your eye on the ball. The next few hours might get pretty interesting.
Keep your eye on the ball. The next few hours might get pretty interesting.
answer to OP: right now 
So how does one know if a trader's success is due superior skill or just plain old luck?
According to every serious study that has been done on this topic: there is no such thing as skill - just illusions created by our inability to understand randomness accurately.The only way to consistently beat the market is to cheat.
So are you cheating when you buy BTC which outperforms the S&P 500?
Serious references, please.
So how does one know if a trader's success is due superior skill or just plain old luck?
According to every serious study that has been done on this topic: there is no such thing as skill - just illusions created by our inability to understand randomness accurately.The only way to consistently beat the market is to cheat.
I know traders posses skills and knowledge that I do not. But I also know there's some randomness in the mix. How much of trading success is due to skill vs. randomness? I think statistics dictates that if there are 1,000 traders of equal skill, a small percentage will do extremely well, simply due to being on the extreme edge of a probability curve -- in other words, some of those who look like geniuses will really just have benefitted from luck. So how does one know if a trader's success is due superior skill or just plain old luck? And how does one know the trading tactics that worked well before will work again, when a much larger set of skilled traders may now be competing with them?
I'm long BTC, and while I buy on dips, I have yet to sell to take profits. I assume I might sell a portion of BTC at some level, but I'm certainly not knowledgeable to actively trade.
I'm long BTC, and while I buy on dips, I have yet to sell to take profits. I assume I might sell a portion of BTC at some level, but I'm certainly not knowledgeable to actively trade.
Learn by doing.
I know traders posses skills and knowledge that I do not. But I also know there's some randomness in the mix. How much of trading success is due to skill vs. randomness? I think statistics dictates that if there are 1,000 traders of equal skill, a small percentage will do extremely well, simply due to being on the extreme edge of a probability curve -- in other words, some of those who look like geniuses will really just have benefitted from luck. So how does one know if a trader's success is due superior skill or just plain old luck? And how does one know the trading tactics that worked well before will work again, when a much larger set of skilled traders may now be competing with them?
I'm long BTC, and while I buy on dips, I have yet to sell to take profits. I assume I might sell a portion of BTC at some level, but I'm certainly not knowledgeable to actively trade.
I'm long BTC, and while I buy on dips, I have yet to sell to take profits. I assume I might sell a portion of BTC at some level, but I'm certainly not knowledgeable to actively trade.
You don't know... until your luck runs out.
I know traders posses skills and knowledge that I do not. But I also know there's some randomness in the mix. How much of trading success is due to skill vs. randomness? I think statistics dictates that if there are 1,000 traders of equal skill, a small percentage will do extremely well, simply due to being on the extreme edge of a probability curve -- in other words, some of those who look like geniuses will really just have benefitted from luck. So how does one know if a trader's success is due superior skill or just plain old luck? And how does one know the trading tactics that worked well before will work again, when a much larger set of skilled traders may now be competing with them?
I'm long BTC, and while I buy on dips, I have yet to sell to take profits. I assume I might sell a portion of BTC at some level, but I'm certainly not knowledgeable to actively trade.
I'm long BTC, and while I buy on dips, I have yet to sell to take profits. I assume I might sell a portion of BTC at some level, but I'm certainly not knowledgeable to actively trade.
You understand that 10,000% means that for every 1 bitcoin you started out with in the beginning of that two week period, you ended up with the equivalent of 100 BTC (USD equiv)?
I doubt that you did this and I doubt it was possible.
Read again. I only said I made 1,000%, and that it might have been possible for someone else (superman) to make 10,000%I doubt that you did this and I doubt it was possible.
IMO even Superman couldn't have made 10,000%, but maybe 2,000%. There just weren't enough profit points to take
advantage of without massive risks. But congratulations on your 10x win, that's my desired target for the next big crash, I'll train for it.
However, I now tend to believe we won't have now such a big crash, at least not on Gox. Maybe China will drop harder, but still not like in April.
Jump to: