Bitcoin Thread

[SaiyanZ]

Yes... eg. sell 1@56k, buy 1.02 @55k, rinse, repeat, all them little 0.02btc = btc balance ++ In this eg, thats only 100 x 1btc trades for a grand total of 2btc profit, say over 12 hours, thats only 8 trades per hour... my bots alone can do multiples of that per second when needed, push across different exchanges, hells, can do 1000trades in minutes when climate is right. Take luno for example, very slow, not many online tading, but its still 650btc traded today, is it so hard to believe one person could slurp up 0.5% of that btc from panic sellers over say 24hours? I'm small fish, someone else is getting the other 99.5%(my monies on SaiyanZ)

I haven't been trading very aggressively at these lows. It's a bit too risky as the pump can start at any time with a 10% move like we had earlier. I don't have a lot of BTC (only got into the double digits last week) but it's growing steadily with each dump. I'm playing safe and not waiting for the bottoms. Just taking 1%-2% each time and only trading if there are large enough sell walls.

Though this morning on Luno between 8am and 9am, my trades were around 50% of total Luno volume in that hour.

 

[Temujin]

I haven't been trading very aggressively at these lows. It's a bit too risky as the pump can start at any time with a 10% move like we had earlier. I don't have a lot of BTC (only got into the double digits last week) but it's growing steadily with each dump. I'm playing safe and not waiting for the bottoms. Just taking 1%-2% each time and only trading if there are large enough sell walls.

Though this morning on Luno between 8am and 9am, my trades were around 50% of total Luno volume in that hour.

Luno still too quiet for me... I get far to jumpy and nervous when slow like this, had a few orders in from last night that triggered... But, surprisingly, poloniex came out on top for me today, which never happens /shrug

 

[SaiyanZ]

Luno still too quiet for me... I get far to jumpy and nervous when slow like this, had a few orders in from last night that triggered... But, surprisingly, poloniex came out on top for me today, which never happens /shrug

I'm still trying to figure out how shorting works on Bitmex with their test account. Will move some BTC there to do some more risky trading at some point.

For some reason the shorts don't work the same way as as longs. I can do 100x leverage with my full balance with a long but not with a short. I'm guessing I need some remaining balance to back the short. Figuring it out with the fees etc. before using any real money.

 

[John Tempus]

Yes... eg. sell 1@56k, buy 1.02 @55k, rinse, repeat, all them little 0.02btc = btc balance ++ In this eg, thats only 100 x 1btc trades for a grand total of 2btc profit, say over 12 hours, thats only 8 trades per hour... my bots alone can do multiples of that per second when needed, push across different exchanges, hells, can do 1000trades in minutes when climate is right. Take luno for example, very slow, not many online tading, but its still 650btc traded today, is it so hard to believe one person could slurp up 0.5% of that btc from panic sellers over say 24hours? I'm small fish, someone else is getting the other 99.5%(my monies on SaiyanZ)

Bro if you want to talk BS please make it believable. No way you scalped those many fluctuations today alone to gain a couple of BTC in profit with low trading balance on Luno. The fees for taker at 1% is way to high for medium to high frequency trading and there is buggerall chances you were simply using 0% maker trades either. Luno have not seen that many counter fluctuations today. You instantly sound like someone just making bold claims and that is too common on the interwebz.

I completely understand what you are trying to claim but I dont believe for a second you are an upper echelon trader that could back up the mythical, "Oh only 100x1BTC bottom to top and back trades each day" , thats not how it plays out but feel free to try and make that bold claim I do find it somewhat amusing.

What is your sharpe ratio and/or sortino ratio outcome per trade ? I will keep it really basic to sniff out the bs. You are not compelled to answer anything, feel free to ignore me but man claiming such bold results just make you look silly to anyone who knows about trading and bother to read what you just wrote.

I had a good chuckle though so thanks for that.

 

[SaiyanZ]

Bro if you want to talk BS please make it believable. No way you scalped those many fluctuations today alone to gain a couple of BTC in profit with low trading balance on Luno. The fees for taker at 1% is way to high for medium to high frequency trading and there is buggerall chances you were simply using 0% maker trades either. Luno have not seen that many counter fluctuations today. You instantly sound like someone just making bold claims and that is too common on the interwebz.

I completely understand what you are trying to claim but I dont believe for a second you are an upper echelon trader that could back up the mythical, "Oh only 100x1BTC bottom to top and back trades each day" , thats not how it plays out but feel free to try and make that bold claim I do find it somewhat amusing.

What is your sharpe ratio and/or sortino ratio outcome per trade ? I will keep it really basic to sniff out the bs. You are not compelled to answer anything, feel free to ignore me but man claiming such bold results just make you look silly to anyone who knows about trading and bother to read what you just wrote.

I had a good chuckle though so thanks for that.

I think he has bots running 24/7 on several of the international exchanges. Not Luno.

 

[Temujin]

Bro if you want to talk BS please make it believable. No way you scalped those many fluctuations today alone to gain a couple of BTC in profit with low trading balance on Luno. The fees for taker at 1% is way to high for medium to high frequency trading and there is buggerall chances you were simply using 0% maker trades either. Luno have not seen that many counter fluctuations today. You instantly sound like someone just making bold claims and that is too common on the interwebz.

I completely understand what you are trying to claim but I dont believe for a second you are an upper echelon trader that could back up the mythical, "Oh only 100x1BTC bottom to top and back trades each day" , thats not how it plays out but feel free to try and make that bold claim I do find it somewhat amusing.

What is your sharpe ratio and/or sortino ratio outcome per trade ? I will keep it really basic to sniff out the bs. You are not compelled to answer anything, feel free to ignore me but man claiming such bold results just make you look silly to anyone who knows about trading and bother to read what you just wrote.

I had a good chuckle though so thanks for that.

Edit: And just to be clear, you'd only have needed 10btc on luno and have sold after start of dip and purchased again after rise to have made 2 btc(ie, days high was just over 64k, low just over 50k, even missing those by a k or 2, say 63k and 52k and that being the only trade you made, would have got you a sweet 2+btc in the pocket)... its not difficult, not sure why you're over complicating it. 2million or so btc traded a day, yet somehow, 'anyone who knows about trading' its 'silly' and not possible for someone to make a few.... sure dude, sure, maybe more time trading and less time telling people how 'leet' you are and you may earn a few yourself

 

[Temujin]

I think he has bots running 24/7 on several of the international exchanges. Not Luno.

^this pretty much... For my bots on luno, need to have trading like we had this time last year, too slow at the moment to make much, and manually, as said earlier, I can't handle watching it, not good for my jitters... Also, Just for John... when you're playing on multiple exchanges, you don't have to buy and sell on same exchange to accumulate, not all exchanges react the same instantly(But hes pro with fancy words and calculations. He'll know that already)

 

[Swa]

You know what they say about arguing with an...

 

[Temujin]

You know what they say about arguing with an...

Yeah, , as said, each to their own, the way I do things has worked brilliantly for me over the years, when theres movement, I hop in like a bunny and loot as much as I can, thats resulted in multiples and multiples of my original small holding... no I don't have spreadsheets and graphs up the ying yang to show anyone 'ratios', cos frankly, as long as my total btc after a trade is now higher than what it was before the trade, whether its .001% or 10%, all the same, my goal has been achieved. 'But its dropped 10% today you couldn't have'... and? My total btc count hasn't. I don't care if its $1 or $100k, I'm still doing the same thing I always do, and thats accumulating as much as I can as fast as I can. I'll look at $ value of my accumulated cache in 5 years and see how 'my plan' worked out for me... so far, its

Edit: That said... most people do this the way I do it, do they not? Accumulate btc, $ value is the last thing they're thinking about yes? My mates and I, all have same plan, accumulate for the future, price be damned... or are we some kind of special 'fringe' group in the crypto community?

 

[SaiyanZ]

Yeah, , as said, each to their own, the way I do things has worked brilliantly for me over the years, when theres movement, I hop in like a bunny and loot as much as I can, thats resulted in multiples and multiples of my original small holding... no I don't have spreadsheets and graphs up the ying yang to show anyone 'ratios', cos frankly, as long as my total btc after a trade is now higher than what it was before the trade, whether its .001% or 10%, all the same, my goal has been achieved. 'But its dropped 10% today you couldn't have'... and? My total btc count hasn't. I don't care if its $1 or $100k, I'm still doing the same thing I always do, and thats accumulating as much as I can as fast as I can. I'll look at $ value of my accumulated cache in 5 years and see how 'my plan' worked out for me... so far, its

Edit: That said... most people do this the way I do it, do they not? Accumulate btc, $ value is the last thing they're thinking about yes? My mates and I, all have same plan, accumulate for the future, price be damned... or are we some kind of special 'fringe' group in the crypto community?

Yeah worrying about $ or R value doesn't always work. So now I accumulate as well and hold at the lows. I made that mistake back in April and July, worrying too much about my ZAR value, so I didn't hold after it dumped and when it started to go up I missed out on some big returns.

Predicting the bottom is impossible hence why I decided to hold below R80k. The dump on Luno started at R95k when I sold and got back in at around R87k. Then traded a few more bounces before getting back in at R80k. At that stage I had both more ZAR and more BTC vs before the dump started. Haven't traded too much since we went below. My break even point now vs before the dump started is around R72k. With more trading and accumulating that point will keep reducing as my BTC count grows.

 

[SaiyanZ]

Maybe I'm overthinking things too much recently. This was my comment on Tradingview before the dump happened. Thought that things were a bit too obvious so I expected manipulation. If I traded this all the way down I would be 15% up in BTC. Target of $3500 was hit.

 

[Splinter]

[QUOTE="SaiyanZ, post: 22512972, member: 59517" I don't have a lot of BTC (only got into the double digits last week) but it's growing steadily with each dump. [/QUOTE]

Look, it seems you are a good day trader with crypto currency. I'm just interested as to how much of your own cash you have put into this?

 

[SaiyanZ]

[QUOTE="SaiyanZ, post: 22512972, member: 59517" I don't have a lot of BTC (only got into the double digits last week) but it's growing steadily with each dump.

Look, it seems you are a good day trader with crypto currency. I'm just interested as to how much of your own cash you have put into this?[/QUOTE]

R200k in Nov 2017. Never added any more or withdrew any profits. It turned into a hobby/2nd job.

 

[SaiyanZ]

Seems like triangles are the patterns to watch for right now for the bigger moves. 4 triangles in the last week have all had their targets hit almost perfectly. Which is why I was skeptical about the bigger one as it seems a bit obvious to people who trade with patterns.

 

[Splinter]

Look, it seems you are a good day trader with crypto currency. I'm just interested as to how much of your own cash you have put into this?

R200k in Nov 2017. Never added any more or withdrew any profits. It turned into a hobby/2nd job.[/QUOTE]

Cool. Carry on sir

 

[Swa]

Wish I had that much to put in.

 

[SaiyanZ]

It seems to be making an inverse head and shoulders. So a break above $3900 should catapult the price to around $4100 at least. It needs to happen in the next 2/3 hours or the momentum will be lost though.

 

[phly]

I think I still win marks for ALMOST calling the bottom. Seems we are about to push up further and with the momentum and fomo kicking in ... so begins the journey to new highs
** I still want a drop back down to 3500 range as I was not ready.

 

[SaiyanZ]

I think I still win marks for ALMOST calling the bottom. Seems we are about to push up further and with the momentum and fomo kicking in ... so begins the journey to new highs
** I still want a drop back down to 3500 range as I was not ready.

It might still drop again. Though a good sign for the market is that the price couldn't spend a full day below $4k on Bitfinex. Bitstamp should test $4k shortly and if it goes up and holds above $4k then that would mean we probably won't see a complete market failure with sub $3k levels.

 

[phly]

It might still drop again. Though a good sign for the market is that the price couldn't spend a full day below $4k on Bitfinex. Bitstamp should test $4k shortly and if it goes up and holds above $4k then that would mean we probably won't see a complete market failure with sub $3k levels.

My fear is that short term we are looking bullish, the battered bulls have woken up with a vengeance. And one could get left by the side waiting for a drop. For now i'll just roll with the punches and ride the swings but atleast be in the mix of things

Update - threw in some small change and made 4x on the way up to 4100. Happy with myself for pulling the trigger and not getting greedy.