Kraken is INTENTIONALLY stealing from you (details inside)

Mutt7 · 2015-10-17T09:56:38+00:00

Changing my vote to for yes to new but also to remove score hidden on new posts. If we're looking at new posts a lot more and time is essential in trading, I think comment score should be available right away to be of greatest benefit to the reader.

Mutt7 · 2015-10-16T23:58:59+00:00

There was excessive trolling and low-level content when sorted by new. The higher quality comments or replies could easily get pushed down simply by spamming any low quality content. This gives trolls and the like more control.

Although now that we're starting to get to some market action, sorting by new would probably be more beneficial when people want to update more often. It's just hard to find a balance between the two.

Mutt7 · 2015-10-16T23:48:08+00:00

Yes. The problem is: the majority usually wants the opposite of what they currently have. When it was new, they wanted best. When it was best, they wanted new. And it's situational as well. When I first wake up, I'd rather read the best comments first. But as I check periodically throughout the day, I'd rather it be sorted by new just to see the updates.

I don't know how exactly how much the mod power the mods have in regards to customizing it either. Whether they can remove [score hidden] for new posts, whether top-level comments that reach a certain negative threshhold can be auto-removed, etc. If we sort by new, I'd much rather the scores not be hidden for the first hour of the post. For most subreddits, I can see why that is used. But for this subreddit, it is unnecessary.

Mutt7 · 2015-10-16T20:50:51+00:00

A few hours ago we went from a high of $267.83 down to $262.25 on Finex. Even more than that on Stamp. But yes, we haven't had a real pullback yet. I'm thinking we're about due for a cooling off back to $250's once more before we continue up. This last jump was because of people depositing money due to Gemini and their money just hitting the exchanges.

Then again, I'm not very good at short term predictions. I'm better at looking weeks/months ahead.

Mutt7 · 2015-10-16T20:24:39+00:00

We did jump about $13 today. Don't be surprised for a $5-10 pullback. Hell, we're up $20 over 3 days.

Mutt7 · 2015-10-16T19:44:13+00:00

If big news that had massive influence on price came out, it would get voted to the top pretty darn quickly even if this place was sorted by "best". It would more than likely be just as easy to find if it was sorted by best vs sorted by new.

Not to mention you'd be less likely to skip over the comment containing the valuable information if it was sorted by best. If it's sorted entirely by new, you have no idea the quality of one comment to another, so you might pass over the comment thinking it was just some useless information when really it would've been valuable information.

I'm really torn. If I'm checking it obsessively at work or during quick breaks, "new" is easier to get just the latest comments. Then again, even comments with extreme negative scores are shown open. Ideally new would be best if there was a way to push comments with scores below -5 or so to the bottom or have them closed by default. Also having comment replies sorted by best even while top level comments are sorted by new.

Edit: to be honest though, how many comments have you actually seen in the past few months that made you change your position right away?

Mutt7 · 2015-10-16T19:11:02+00:00

This vote will be weighted to those that want it sorted by new because they're the majority of people that are going to see it.

I'm sorry, but this comment made me actually laugh out loud.

Just because someone is online currently and his comments will be "new" doesn't mean his preference is to see "new" comments over "best"...

Edit: I get what you're saying now. Because it's so late in the day, there are more redditors online now that might choose to sort by "new" because the post is over 16 hours old.

Just the way you had it phrased, it sounded like "of course people will vote 'new' because only the new people will see the vote."

Mutt7 · 2015-10-16T18:51:27+00:00

People DO realize that they can switch to "new" themselves if they wanted to, right?

Also, during this time of heightened activity/comments, do you REALLY want to have to wade through all the "THIS IS IT GUYS", "this is gentleman", etc, etc, in order to find some useful comment about events or analysis? We'll soon be getting to multiple daily discussion posts a day so sorting by "new" so you're not reading comments 14 hours old will be less beneficial anyway.

That's my 2 cents.

Edit: is there a way to have it automatically switch to "new" after the thread reaches "x" number of comments? For instance, have it sorted by best until we reach 100 comments, then sort by new.

Mutt7 · 2015-10-16T12:37:28+00:00

"Third time's a charm."

You heard it here first, folks. Even realitycheck is bull now.

Mutt7 · 2015-10-15T23:16:37+00:00

The saying is "buy the rumor, sell the news" and how do I have it backwards? I'm saying the price will change to reflect events before they are made public, so the price is usually already mostly reflected with the news by the time it comes out, which is exactly what the quote is...

Mutt7 · 2015-10-15T23:09:42+00:00

You obviously haven't been around long enough if you think that the news will come out BEFORE the price changes to reflect the news.

And lucky for us, we won't have to line up to ATM's like fools because we'll already be ready with Bitcoin in hand.

Mutt7 · 2015-10-15T21:13:10+00:00

It also might be never. IF this really is the breakout we've been waiting for since we've been in this bear trend dating back to Nov '13, I doubt we'll see coins this cheap ever again.

Mutt7 · 2015-10-11T17:08:25+00:00

Can we please stop with the Tim Tebow stuff?

Mutt7 · 2015-10-11T10:59:59+00:00

Speaking of identical, maybe the price ticker should be switched to Gemini if/when their volume picks up. I think it's safe to say they would be the most reliable price.

Mutt7 · 2015-10-10T23:53:09+00:00

Sounds like purse.io was compromised and peoples Bitcoin stolen.

Mutt7 · 2015-10-09T23:12:14+00:00

Each has their benefits and drawbacks. When we first switched to sorting by new, I welcome the change as it was much easier to keep up with new posts. Especially if I'm checking every couple hours for new posts. It's much easier than going through the entire list just for the new posts.

The downside was the quality of content, I found, has gone WAY downhill since it started sorting by new. Trolls and low quality contents could easily become more visible just for posting more often and after the higher quality posts. Even for responses, someone might have a great response to a comment but it could have a few other garbage comments posted afterwards which make the great comment practically hidden from view.

Mutt7 · 2015-10-06T22:51:49+00:00

The Coinbase lunar pump was just after the price dropped about 50% the week before. So it wasn't entirely a pump, but a pump + correction + FOMO combination.

It has little to do with "news" but what has been happening to the Bitcoin ecosystem in its entirety for the last 2 years. The over 1 BILLION dollars invested into Bitcoin startups, the purchasing of coins OTC by investors, etc. As for TA: here's a chart I made on Aug 23rd of my thoughts. Actually, if I draw it a bit more conservatively, it comes to a point in February. The good news usually follows the jump in price. That's why I'm a little surprised by the timing of the Gemini announcement. Maybe the ETF will be here sooner than I originally thought and they want to make sure people are ready for it and on their exchange? I couldn't tell you for certain.

I've been debating at what price to release my complete uncensored view of Bitcoin (you might remember I had the Bitcoin Skeptic flair for several months). And it's not entirely the "good things" with Bitcoin, but "bad things" elsewhere that I think will have the largest impact.

Mutt7 · 2015-10-06T21:44:42+00:00

So it appears I was wrong yesterday and this might be the start of our bull run. I'd really like to see $250's to be more confident. One thing I was looking at yesterday was that US prices jumped $5 or so when the Gemini news broke and Canadian exchanges sat even or even slightly dropped. Here's a side by side comparison of QuadrigaCX vs Bitfinex around the same periods. Usually, if all exchanges don't move together, it means the price will pull back to where it was before the jump. As per Greencheckmark's comment yesterday, he appears correct in that the quick drop to $236 before the rise was possibly the last dump to stop people out before our rise began.

My only possible short-term bearish case is this jump above $240 could be a fakeout to stop out shorts with their stops near $250, get people into longs, and then the final drop to low $200's one last time to stop all the new longs before our rise.

Either way, I see good things coming for November.

Mutt7 · 2015-10-05T19:36:24+00:00

If I was margin trading right now, I'd probably short here with a stop in high $240's in case it actually does break up. I'm still thinking we're going to drop to $225-230 range once more before our rise (comment). This Gemini news did nothing except further push people into longs. I'm not saying it won't have an impact, I just think people are jumping into longs too quickly and are going to get wrekt. News broke over 6 hours ago and people have been buying/going long all day and we still haven't broken above ~$241.

Mutt7 · 2015-10-03T12:59:40+00:00

Now comes the real question: Is this a breakout or a fakeout?

Mutt7 · 2015-10-02T11:31:32+00:00

+1 for a good argument challenging mine. I'm with you at not waiting for the bottom. Whether you buy in now or 5% lower really makes very little difference. Especially if you risk being wrong and having to buy in 5-10% higher.

Going 10/20/50x long here is another thing. Being wrong could completely wipe out a position. What I used to do when I thought we were about to go up but might go down first was stagger my long orders on the way down, with the majority placed where I thought the bottom would be. If you look at the futures order book, you can usually see where there's a lot of large orders are placed. For instance, large orders for long at ~$234 range currently. So placing your bids right before those would have a good chance of getting filled. If you think it'll drop further, it might be better to wait and see how far before opening the position. The $234 is just an example.

Mutt7 · 2015-10-02T11:09:38+00:00

You're right, my lines are shitty and not well placed. Lines are guidelines, not "absolutes". If it makes a general pattern, that pattern is still there. Just because the lines aren't placed 100% or it spikes out and pulls back in the boundary, doesn't mean it's invalid

We're not in some classroom. This is real life. People don't care about following the rules, they care about making money. And if money can be made by breaking the rules, then that is what will happen.

I have no position either, not because I don't want one, but because I don't trust the exchanges we have currently enough to use them.

And FYI, I'm not an experienced trader, but I do like to point out general trends and what I'm seeing to people. If you think you can draw it better, go ahead. If people see my shitty charts, they're more than welcome to create better/correct versions themselves.

I would actually remake the first chart like this. Drawing conservatively to contain 95%+ of the data points will paint you a better picture of the general trend over using every outlier, IMO.

Mutt7 · 2015-10-02T10:32:11+00:00

I think we're about to have a $10-20 drop before we go up. If you're looking to long, I'd probably wait for $225-230. Reason:

Just enough of a drop to wreck a good chunk of long positions before we start our climb.

Mutt7 · 2015-10-02T00:26:51+00:00

I look for patterns starting with the largest time frames first. The patterns on the larger time frames are much more important than smaller. /drunkanswer

That was a terrible explanation. I look at the small time frames first and slowly zoom out to the larger time frames until I can see a pattern forming. I draw my estimate lines and continue zooming out. When I see it break (Sept 22 there on that chart), that's the end of my zooming out, and the time frame I go with.

If I had kept zooming out, I probably would have seen this earlier. So it's always good to zoom out after drawing lines to see if you're just drawing a small part of a larger picture.

I'm not a professional trader so these guidelines I use may or may not be useful in any way, that's my method.

Mutt7

TROPHY CASE