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might get a dead cat bounce around here to about 500 though

The volatility is insane because: 1. The coins have no value. Worthless, zilch. Nada. 2. Bitcoin market participants are dumb. Comprised of the financially illiterate who don't understand and have no background in speculation, currencies or economics.

Take out some cash from your wallet, then light it on fire... Congratulations! you are now in the bitcoin game! When this goes sub $10, I'm getting an 'I told u so' avatar.

^ bitcoin fanboi

fwiw nothing is free, this is deceptive advertising imo they will sell the order flow to wholesalers, which results in the customer paying his commissions via wider spreads, albeit deceptively hidden. Not that other retail brokers don't do the same. But this way this brokerage firms...

It's pretty hard to go past interactive brokers for retail trading.

All this hacking and dodgy exchange business is just a symptom of the currency being absolutely worthless. When it fails, shit like that will get blamed instead of looking at the actual faults of the currency. I think it's probably on it's terminal decent now and will be selling bounces. I...

I know right. RNG is what keeps people coming back for more. I'd challenge lumie heads up 4 rollz. But unfortunately I only really play 6max and my heads up game isn't the best. Although probably still good enough... What games and limits do you play lumie?

What poker games do you play?

It's amazing that blizzard has devolved into something that spends a stupid amount of time and dollars making every insignificant rock 'polished'. But these days avoids putting in some effort into making good game mechanics. Getting scaling right is unforgivable with their budget these days...

I read it, didn't like it much. I must admit I was biased since reading he's from sell side (selling products and skinning clients) rather tahn buy side (getting paid by being right about market bets) so his perspectives on whether or not bitcoin has a future should be taken like car advice...

I'm using cfd's, they have limit orders.

Yep, thats just about it. The wedge for direction and magnitude and then just trying to find a slightly better than random spot to actually buy. The 550 support line was there for a few reasons. The other low where it's drawn from, it being below the recent low where some stops are that...

New plan is to try and buy 550 looking for new highs.

I am mostly talking about bitcoin as the store of a wallet yes. Trying to put a value on 1 bitcoin. I think the 'transfer system' of bitcoin has value. My guess, given other current electronic transfer systems that aren't as efficient would be somewhere between $5 and $20 billion. But...

top post on /r/bitcoin lols

All of the above. But yeah, I suppose it's all semantics really. I think it's a bubble, like the article argues. People are just going nuts and the coins have no intrinsic value. But I also think it's a pyramid scheme as well. With the 'pyramid like' get in first and mine your coins...

Yeah I've gone on about it enough, obviously a ponzi scheme. Here's a nice writeup of some data that also points to that conclusion. These Three Graphs Prove That Bitcoin Is a Speculative Bubble | Ordinary Times But it's very hard to tell if it doesn't have some life left in it...

That's a tiny and easily fixed problem (just give fractions names...)compared to the real problems bitcoins have. Here's an updated chart. So now resistance 900, support 400. I got pretty lucky. Didn't realize the cfd's I bought expired daily, so got outfor a small profit. Looking to...

Here's a pretty picture picture. If it can't hold 900, then it's just fucked and I'll be looking to sell bounces from there.

I found out I have access to some bitcoin CFD's. I bought a few @ about 940, man the spreads are ridiculous lol, $14. But at least I have a trustworthy counterparty. They're probably not that wide on the actual bitcoin trading sites? Looks ripe for a good pop above 1250, with support at...

greeno agrees with me I think I'm going to start trading this bubble as a hobby. I suppose MtGox is the platform to use if one doesn't speak Chinese? Any semi-trustable, liquid options exchanges?

lol, yeah crazy conspiracy theory Reserve currency - Wikipedia, the free encyclopedia

You ignore and strawman my main argument. Which isn't tax, it's inflation. That bitcoins are competition to governments monopoly on the zero cost financing of their own currencies.

Senators aren't very smart. I think of it the following way. Every large country has a government that is a large net debtor in it's own currency. Each country devalues (inflation) it's own currency yearly. Take the US governmental debt at 5 trillion. If inflation is 3%, then that's $150...

it's only a matter of time before bitcoins are made illegal, i'd be careful

Is that loan interest tax deductible? If it is that's probably the only thing that would sway a decision one way or another. In which case you'd want to pay it off as slow as possible.

Well yeah I'm sure that happens, you've probably heard of it called frontrunning, but it's illegal and not where the big money is. Except in forex. Frontrunning is legal in FX and happens all the time. One of the reasons why trading FX is so hard (unless you are a bank and can frontrun your...

A lot of HFT isn't very advanced. They're mostly just market makers, not super smart AI. It's stuff like. Joe's Pension Fund always buys a basket of stocks on Wednesday at 930am. So when we see him start buying, we'll sell him a basket of stocks and then hedge it elsewhere. We make money...

I think it makes it cheaper to buy and sell stocks for everyone else (when done without corruption). And it makes the stocks valued more accurately faster. Same with derivatives too!

I don't think there's anything wrong with HFT. It's just like any other trading, investing or risk taking. There are winners and losers. Algorithms work and then stop working just like any other endeavour. They aren't the 'free money' that people seem to want to believe. Unless of course...

Well I think this social networking bullshit is fucking insanity. But if there was ever any one of these social netowrking IPO's that look alright its probably this one. Mobile/Cell ad revue is all the rage at the moment and it's getting underwritten by non morons unlike ht FB IPO, so it'l...

100 years, 10% average return, 20% standard deviation This is what to expect. From all the data of all stock markets over the entire world and entire recorded history of these markets, thats what you get. 10%/year, 20% standard deviation. Anything significantly different and you are...

My turn The average investor makes money. But loses a good chunk of it and more than they should to commissions, spreads & fees.

how many times did you edit that before you were happy with it? I was just a bit slow when the old forums went down. Watched the recent dota2 tournment on steam with guys from here and had fun so thought I'd get around to it.

no point making a hobby of regularly checking your portfolio when it's pointless

annnd 5 posts, hello screenshots

usually google.finance is good enough for most stuff if needed anyways

yeah same here, except i only rebalance if something goes crazy and makes it way out of line and evne then im in no hurry broker portfolio good enough for me

benchmarks aren't very useful coz each fund is so different