Page 4 of 33
Posted: Mon Nov 18, 2013 7:23 pm
by TheCatt
Ok... sounds like the issue is pretty much due to the inability to.get money out of ntgox, and confined mostly to that mkt, with others already being arbitraged as possible. So mtgox price isnt an accurate pri e, basicly.
Posted: Mon Nov 18, 2013 7:36 pm
by Paul
TheCatt wrote:I bought litecoins today. I traded in 0.1 BTC for them. I'M DIVERSIFIED
How easy is it to get Litecoins?
I wouln't mind throwing some of by Bitcoin money at it.
Though... I think when Bitcoin reaches $800 there will be a big jump to $1,000. Then maybe $1,200 as news gets out.
Then pop!
That's my guess anyway.
Edited By Paul on 1384821497
Posted: Mon Nov 18, 2013 8:01 pm
by TPRJones
TheCatt wrote:I bought litecoins today. I traded in 0.1 BTC for them. I'M DIVERSIFIED
I lol'ed.
Posted: Mon Nov 18, 2013 8:02 pm
by TPRJones
Paul wrote:I think when Bitcoin reaches $800 there will be a big jump to $1,000. Then maybe $1,200 as news gets out.
Then pop!
Last price:$832.00000
We'll see soon, then.
Posted: Mon Nov 18, 2013 8:08 pm
by TheCatt
Litecoins: I opened an account at BTC-e, and send them from Coinbase to BTC-e. It took 1 hour to move from Coinbase to BTC-e (3 confirmation, or level 3 confirmation, or something).
At that point, it was very easy to move to LC. It was only $60 worth.
I also pulled the trigger on another 0.5 BC at $625, which are now worth 1/2 of $774. (I'm quoting Coinbase prices now, due to the mtgox issues): Buy Price $776.85 Sell Price $774.71.
wtf. just wtf.
Posted: Mon Nov 18, 2013 8:27 pm
by TPRJones
3 confirmations
Basically every time a block is solved on the network, the new transactions are folded into the record and sent to all the nodes. 3 confirmations means three blocks have come in including your transaction in the record, so the odds of it being somehow spoofed are slim.
Most places I've seen use 6 confirmations as the standard, but 3 seems almost as good IMO. Think of it as "odds of being swindled" and that each confirmation is one standard deviation of certainty of authenticity and you get the rough idea.
And I echo your wtf, today has been crazy. I have no idea at what price I should sell my coins. Can't even begin to guess. This makes me uncomfortable; usually when I buy a stock I have a particular price target in mind at which point I take my profits and go find another stock. On this market there is no other stock, so if I take my profit I just end up sitting around in cash waiting for a crash, watching all the money I could have had counting up.
How do you pick a sell point in a market like this?
Posted: Mon Nov 18, 2013 8:35 pm
by Malcolm
How do you pick a sell point in a market like this?
Same way you walk away from a winning streak in Vegas. Just fucking pick one. Otherwise you're in forever and eventually lose.
Posted: Mon Nov 18, 2013 8:36 pm
by TPRJones
It hit $900. Now back down to $640.
Posted: Mon Nov 18, 2013 8:36 pm
by Paul
TPRJones wrote:...if I take my profit I just end up sitting around in cash waiting for a crash, watching all the money I could have had counting up.
How do you pick a sell point in a market like this?
I LOL'd!
I feel the same way about what remains of my Bitcoin.
I wish TheCatt would man up an buy some so I know to sell.
Edited By Paul on 1384825035
Posted: Mon Nov 18, 2013 8:42 pm
by Paul
Check out the #2 search term for today: http://www.google.com/trends/
Posted: Mon Nov 18, 2013 8:51 pm
by TheCatt
This is all tulips, man. With stocks there's at least some underlying cashflow (future, past, present) to discount/value, etc... This is just random ass shit.
But it's kinda fun.
Posted: Mon Nov 18, 2013 8:56 pm
by TPRJones
Well, with $2.3 million in buy orders at or above $600, there's still enough market depth to keep it from going too far down tonight.
I'm all back into bitcoins now, and I just put in a sell order for $5000 each. Now I go away and forget about it for awhile.
Posted: Mon Nov 18, 2013 9:02 pm
by TheCatt
LOL. I dropped 0.5 BC at 650, so I'm back to 1.9BC and 7LC
Posted: Mon Nov 18, 2013 9:23 pm
by TPRJones
I've got 5.23732538 BTC at MtGox, and another 1.4something in my wallet.
Posted: Mon Nov 18, 2013 9:32 pm
by TheCatt
And I'm down to 0.9BTC... oh well, time for it go up now 
Posted: Tue Nov 19, 2013 10:13 am
by TheCatt
OK, the worst thing about Coinbase is I cannot do limit orders. I assume mtgox can? I should buy my coins at CB, then move them to mtgox, then. I missed out on $400/BC this morning cuz I couldn't do a limit.
Posted: Tue Nov 19, 2013 10:42 am
by TPRJones
MtGox does limits and stops, yes, although they aren't labeled as such. And nothing more complex than that.
Posted: Wed Nov 20, 2013 11:29 am
by TheCatt
Wow... send your bitcoins to coinbase to sell:
Mtgox: 594
BTC-e: 519
Coinbase: 591 (575 sell)
wtf?
Posted: Wed Nov 20, 2013 11:44 am
by TheCatt
Coinbase looks to be getting overloaded by influx of $.
Also, I've been trying to verify my identity on Coinbase, but I keep getting some question wrong. It's those questions like: Where was your SSN issued? How long have you lived at your current house? etc
I'm pretty sure I'm getting them right, or else I don't know who I am.
Posted: Fri Nov 22, 2013 10:47 am
by TheCatt
Well that was a lot of chaos followed by some calm. Coinbase is trading at $780 right now. I made $500 on the 2BTC I bought and sold. I re-bought 1.5 BTC at lower prices, and am "up" $300 on those. I still have 8 LTC as well, which I bought at the bubble, and are roughly back to where I bought.