Search content
Sort by
Showing 20 of 20 results by OCG
I'm not rich, neither is my family. I started with 0.01BTC and with day trading have 1.68BTC, whats wrong with having a little fun anyways? But seriously, what's your point, and did you just quote to to attempt calling me a brat?
Well done! Imagine if you'd started with 1 BTC ;-)
I wish I could follow your 'portfolio'?
To get back to the original discussion, I would buy a business like an existing, money generating e-commerce site with 10-20% of the BTC and let it roll...
The rest; put 40% in gold, some in USD and the rest in BTC.
I suggest to anyone from Bitstamp on this forum to put out a statement explaining why they are asking all these questions suddenly. It will seriously deter new customers I am sure. Does anyone know a Bitstamp member on this forum? Or any other way to contact them besides their support mail?
On the other hand, it's a great chance for other new exchanges to get a larger market share thanks to Bitstamp!
On the other hand, it's a great chance for other new exchanges to get a larger market share thanks to Bitstamp!
@boumalo I agree that manual inspection is always the best, but you have to sleep sometimes 
Did you have a bad experience with stop loss software at some point or care to share about why you consider trusting (trailing) stop loss 100% can be dangerous? What could go wrong? Would like to learn from your experience!
Did you have a bad experience with stop loss software at some point or care to share about why you consider trusting (trailing) stop loss 100% can be dangerous? What could go wrong? Would like to learn from your experience!
If you decide to use Localbitcoins, maybe this will help:
https://localbitcoins.com/forums/#!/general-discussion#what-prevents-me-from-getti
(link works, just copy/paste it)
http://www.deepdotweb.com/jolly-rogers-security-guide-for-beginners/localbitcoins-part-2-thieves-scammers-and-counterfeit-bills/
https://localbitcoins.com/forums/#!/general-discussion#what-prevents-me-from-getti
(link works, just copy/paste it)
http://www.deepdotweb.com/jolly-rogers-security-guide-for-beginners/localbitcoins-part-2-thieves-scammers-and-counterfeit-bills/
While true the market in my particular instance was going down which is why I was tempted to just sell at market instead of taking the risk and waiting for my standing sell order to get triggered that would have been a loss if I wouldn't have waited so once again glad I remembered this thread and took my finger off the trigger, so to speak
Glad it worked out this time.
Correctly 'guessing' when to jump on the current move (or to wait) is one of the hardest things about trading.
Some like having orders ready stop losses and take some gains automatically but when daytrading I think it is better to stay connected to the market and decide everyday if we should buy/hold/sell according to our feeling and analyse
Would you still stay connected if you had a trailing stoploss option ??
so... after .19, is it going to THE MOON ?
Looks like it hahaha
From the Bitfinex website:
"You are not exposed to exchange risk when you lend with Bitfinex. The exchange risk is taken on by the trader, and, in case his position loses money, he will cover the loss with funds in his trading wallet. If a trader loses more than his balance can cover, liquidity providers can lose part of their funds. To ensure against losses liquidity providers can use insured credits (see FAQ for more information). "
https://www.bitfinex.com/pages/howitworks#lending
From their FAQ:
"What are the risks of providing liquidity?
The risks are low.
We have taken the following steps to avoid that liquidity providers are losing money:
- If a trader's position is at a loss he will cover the loss with funds in his trading wallet. The funds in the trading wallet serve as collateral only.
- A trader's position is forced liquidated when the net value of his account falls below the required margin.
- In case of a flash crash event and if the market doesn't allow the trader's position(s) to be liquidated fast enough the uninsured swaps may not be fully repaid.
- If this happens the losses will be equally shared among all uninsured swaps."
Seems to me that you are not 100% risk-free providing liquidity at Bitfinex, but you seem to be able to insure these risks. Do you plan to work with Bitfinex?
"You are not exposed to exchange risk when you lend with Bitfinex. The exchange risk is taken on by the trader, and, in case his position loses money, he will cover the loss with funds in his trading wallet. If a trader loses more than his balance can cover, liquidity providers can lose part of their funds. To ensure against losses liquidity providers can use insured credits (see FAQ for more information). "
https://www.bitfinex.com/pages/howitworks#lending
From their FAQ:
"What are the risks of providing liquidity?
The risks are low.
We have taken the following steps to avoid that liquidity providers are losing money:
- If a trader's position is at a loss he will cover the loss with funds in his trading wallet. The funds in the trading wallet serve as collateral only.
- A trader's position is forced liquidated when the net value of his account falls below the required margin.
- In case of a flash crash event and if the market doesn't allow the trader's position(s) to be liquidated fast enough the uninsured swaps may not be fully repaid.
- If this happens the losses will be equally shared among all uninsured swaps."
Seems to me that you are not 100% risk-free providing liquidity at Bitfinex, but you seem to be able to insure these risks. Do you plan to work with Bitfinex?
This gave me giggles...#11 - #15 had me in stitches... HA
Always buy at the bottom guys...it's like driver's ed.. position, mirrors and then maneuver..
Don't get lead astray by sudden rallies or falling prices, if you have a strategy you'll always win..
oh, and never sell at a loss.. this is crypto!! every day is an opportunity to double-up.
Always buy at the bottom guys...it's like driver's ed.. position, mirrors and then maneuver..
Don't get lead astray by sudden rallies or falling prices, if you have a strategy you'll always win..
oh, and never sell at a loss.. this is crypto!! every day is an opportunity to double-up.
So true
try localbitcoin, serach for someone who wanna buy BTC in your area and sell to him/her
or sell in exchanger.
or sell in exchanger.
What do you think is the safest way to sell bitcoins?
I want to sell one, but I see that there is now easy way doing it.
Can somebody post a good method?
If there is a good way/method/website, should I wait first to get the money from the buyer?
will buyer send their money first to you?I want to sell one, but I see that there is now easy way doing it.
Can somebody post a good method?
If there is a good way/method/website, should I wait first to get the money from the buyer?
You put the BTC you want to sell in the Localbitcoins' escrow, then the buyer gives / wires you the money and then you release the escrow.
See: https://localbitcoins.com/guides/how-to-sell-bitcoins-online
Re: Bitcoin arbitrage, pros and cons, experience and profitability
Heh, that is really cunning plan. But I am really interested in experiences of people who have been actually doing arbitrage. With this constant 2% spread on average between exchanges, there must be some people who profit on this. Am I the only one making money on BTC arbitrage?
2% spread on exchanges does not include withdrawal fee's etc. so as long as you have large enough order sizes that can compensate the fee's and have an amount of dollar/alt/bitcoin on both exchanges for instant use. then the arbitrage is just the slower movement of funds to replenish the reserves you have just used in the trades.
sometimes its not worth it for a 1-2% as the time to replenish the reserves can make you miss out on bigger price changes.
(getting dollar from exchange A to exchange B is not a 10 minute task)
best method.. say you have $10k investment split it up into 4 reserves of $2.5k
exchange A
$2.5k deposited into here and left as dollar
$2.5k deposited and turned into bitcoin
exchange B
$2.5k deposited into here and left as dollar
if lower in price $2.5k deposited and turned into bitcoin
if higher in price use Exchange A to buy the bitcoin with the deposited reserve and transfer bitcoins to exchange B
and deposit the spare 4th $2.5k into exchange A to replenish that dollar reserve
now the rest is a juggling game
i mess around with arbitraging bitcoins with altcoins(fast exchange withdrawal/deposits). so feel free to replace the '$2.5k' with an altcoin amout of your choosing that matches bitcoin total you also have. and someone else said it, but i have 90% of funds in cold store and only play arbitrage with 10% of total. as thats my limit of trust with third parties.
the best volumes and price movements are on the dollar hense using dollar as an example. (slow dollar movement through accounts). id say small amounts below 5btc can get away with altcoin arbitraging. large amounts 20btc($10k+) can require bank transfers alot, just to be on high volume exchanges
Now this is the answer I was searching for. Franky1, thank you very much for this detailed plan, I ll try something similar, only with a bit lower investment. How I miss those days when Bitinstant and Mtgox were around.
I have been investigating arbitrage options for some time now, and it looks to me as if a lot of people doing that do not change BTC to USD and then transfer the USD from exchange A to exchange B, but instead use DOGE for this!! DOGE has been pretty stable the last few weeks and transferring them is very fast.
Checkout Safello.com, they offer instant conversion, depending on what country you reside. You can also check for sites using sofort banking which is pretty fast.
https://safello.com/paymethods
https://safello.com/paymethods
Re: Looking for a bitcoin script to make a buy/sell bitcoin website
Just being curious, but how do you plan to make money with this site? There are lots of buy-sell websites... What advantage / unique selling point will you offer persuading me to buy at your site?
Finally you can trade bitcoin via iPhone app!
The app is developed to serve Bitple(http://bitple.com) users better on mobile platforms and give push notifications for their trades.
Worried that the app might not get approved. And it took weeks to be approved(unusually). But finally it got a green light.
It's not a best bitcoin app out there. But I think this is something for the bitcoin community.
For iPhone: https://itunes.apple.com/app/bitple-virtual-exchange-for/id853770970&mt=8
For Android: https://play.google.com/store/apps/details?id=com.bitple.virtual
The app is developed to serve Bitple(http://bitple.com) users better on mobile platforms and give push notifications for their trades.
Worried that the app might not get approved. And it took weeks to be approved(unusually). But finally it got a green light.
It's not a best bitcoin app out there. But I think this is something for the bitcoin community.
For iPhone: https://itunes.apple.com/app/bitple-virtual-exchange-for/id853770970&mt=8
For Android: https://play.google.com/store/apps/details?id=com.bitple.virtual
Why did it take unusually long to get approved? Apple, Google or both giving problems?
Quote
I tried for days trying to figure out what kind of trading strategy they were utilizing in it's decision making. It seems completely random, RSI, MAC, MACD, Stochastic oscillator, etc. I couldn't figure out what they were using.
It's simply not true. Random? come on, man...
Not true? Who are you kidding here? I lost 1.68 BTC because of your bot. Yet I got the same response when I voiced my concerns Blah blah blah battle tested, blah blah blah.
I'll ask you flat out, what trading strategy are you using for your bot to execute trading decisions? Can we view the source code?
The bot traded POORLY during the month it was running UP in price. I feel sorry for the poor bastards using your bot in a down turn. It would perform micro buys and sells in RANDOM intervals and most of the time trading in opposite directions of the trends. WTF is that about?
That is EXACTLY why I got a refund. If I waited the full 90 days for your bot, I would of been flat broke.
Does your Litecoin bot also derive it's trading logic from your bitcoin bot? If so I would advise the users here stay away from that one as well.
I've recouped my losses coding my OWN bot. While I feel bad for your customers, I do keep an eye out to trade against your bot.
Same for me. I had the bot running for 2 weeks and the trades seemed almost random and counter trend. Selling at lower prices, buying at higher prices. In just a few days I lost approx. 100 USD. The bot made me a few dollars (literally) when when BTC was going up and lost serious money in just a few days when BTC dropped. I also asked for a refund and got a blahblah story twice. Then I asked for a refund at clickbetter which processed the payment and received confirmation I will get my money returned.