*grumbling under his breath* stupid futures and their stupid... Whatever they do... Stupid price dropping... Dumb bitcoin, going thy wrong way...
(to be clear, i'm not serious in any manner. Just wondering whats driven stamp down below 16k. And annoyed that my list buy was at 16740 or something...)
But you are the one who sets your buy and your sell orders, right?
The top, so far, has been $17,270, so if you been into bitcoin for a while, it seems strange to set buy orders that are so high, no?
Just to use myself as an example regarding my orders on bitstamp for today, I had one sell order execute at $15,850-ish, and then I had another sell order execute at $16,850, and then I had a buy order execute at $16k - ish.
So, I am a bit unclear how your buy would be so close to the top, unless you sold some near today's top... .. and if you did, then it is not a big deal if you bought some back so high... that is $500 below the top, which is about 3%.
Even though my current increments are between 4% and 6%, I used to trade in 1.5% increments, just for practice and just to set up buy and sell orders. I know some high volume and high frequency traders set their bots for less than 1%, but gosh probably need a bot for that, especially with the intensity of these recent price movements.
Yea, i'd sold like 40 above the buy a few minutes earlier. It's all worked out nicely now.
I actually found an open source bot, gecko something? And have a handful of programmer friends... Gonna get it set up and simply running backtest style, for starters. Then we shall see if my instincts, played by the bot, work in my favor.
Or at might just build a neural network into it and after sufficient testing let the bot make its own decisions.
Would have done it already, but been busy with work and other chaos.