Bitcoin Price Tracking & Discussion -- 2017
Collapse
X
-
JAKEPEAVY21BARRELED IN @ SBR!
- 03-11-11
- 29235
#2136Comment -
reigle9SBR Posting Legend
- 10-25-07
- 17879
#2137here we go
rock n rollComment -
swordsandtequilaSBR Hall of Famer
- 02-23-12
- 9758
#2138Stop loss orders can be very dangerous in a volatile market like BTC. It's good in the stock market WHEN things are pretty stable but it can be disastrous in a flash crash. Market manipulators know exactly where the majority of people have the stop loss levels, so they can easily move the stock lower, get the group to sell, then immediately pumped it back up. In a flash crash, you are shit out of luck because by the time your order gets filled, you've lost a shit load of value.
So you have a stop loss order for $10k. What happens if the manipulators flash crash BTC to $8k? Your order will be filled at $8k because you couldn't get in at $10k. They then pump it back up to $10k. You just lost 20% while you were sleeping. I suspect we are going to see a bunch of flash crashes followed by immediate run ups as people try to manipulate the price and weed out small timers.
You should google the dangers of stop loss orders.Comment -
ans61201SBR MVP
- 10-11-15
- 3661
#2139
Yes!! How easily we forget that was an all time high about a week ago, or months ago on this forum everyone was crossing their fingers hoping to close the year out at 10k per coin. Buy and hold, and let the roller coaster go where it goes.Comment -
ans61201SBR MVP
- 10-11-15
- 3661
#2140
It’s going to be an interesting ride.Comment -
reigle9SBR Posting Legend
- 10-25-07
- 17879
#2141i'm not on reddit, and this isn't my area of expertise, but i've seen plenty of shit in the past that i do know that was on reddit and people took as gospel, that was complete nonsenseComment -
shocka1212SBR Posting Legend
- 10-06-12
- 16788
#2142Plenty of reddit articles of coinbase and Gemini not honoring sell orders while “offline for maintenance” hoping for the best but I think you’re giving a little too much credit for the exchanges in case of a crash/they “go offline for maintenance” they’ve shown to not handle the dips and high traffic days even remotely well.
It’s going to be an interesting ride.Comment -
TheMoneyShotBARRELED IN @ SBR!
- 02-14-07
- 28672
#2143lol I just have an emergency number set always. What would you do if it was at 17k... and just dropped to 9,500?
If this thing ever has an EXTREME TILT... who knows if it will ever come back?
Everyone can say this is VOLATILE... but when does common sense come into play that a particular drop is too STEEP... and it might be a sign of something unfortunate?Comment -
ace7550SBR MVP
- 05-08-15
- 3729
#2144The media is all about bullsh*t hype. Constant articles about bitcoin bubbles or bitcoin to the moon. I hope you're right that it just stays steady. Either way I'm going to do what I always do. Hold bitcoin.Comment -
shocka1212SBR Posting Legend
- 10-06-12
- 16788
#21453 minutes in and were up 1k... they really got us with this Ponzi scheme.....clowns want us to be poor forever
Comment -
shocka1212SBR Posting Legend
- 10-06-12
- 16788
#2146gdax already downgraded service due to high volume.. everyone wants to join the partyLast edited by shocka1212; 12-10-17, 06:10 PM.Comment -
reigle9SBR Posting Legend
- 10-25-07
- 17879
#2147shocka da god
you have this shit downComment -
ace7550SBR MVP
- 05-08-15
- 3729
#2148goddamn that was fast Shocka! You noted earlier that you had a stop/limit set at 10k. Do you have a take profit set too?Comment -
shocka1212SBR Posting Legend
- 10-06-12
- 16788
#2149I got in real early.. I've only taken profit on alt coins which I've rolled into btc. not really looking to take profit until June (different capital gains tax)Comment -
TheMoneyShotBARRELED IN @ SBR!
- 02-14-07
- 28672
-
reigle9SBR Posting Legend
- 10-25-07
- 17879
#2151what did he do that was wrong?Comment -
reigle9SBR Posting Legend
- 10-25-07
- 17879
#2152i'll turn on any of you muthafuckas in a second lolComment -
Mac4LyfeSBR Aristocracy
- 01-04-09
- 48366
#2153Absolutely not. Which is why I'm telling you that it is very dangerous to rely on stop orders in the Stock Market and definitely in BTC. What I'm telling you is that a stop order will not get exercised quick enough in a flash crash. The stock or coin could go from $15,000 to $7,500 in an instance and your order would exercise at $7,500, NOT $10,000. So you sell at let's say $7,500, then the price goes back up to $10k or $15k and you are assed out. Google flash crashes. Everyday there's mini flash crashes in the stock market. It may or may not be easier to do with BTC. We shall see but I would not rely on stop orders.Comment -
ace7550SBR MVP
- 05-08-15
- 3729
#2156Pretty sure Shocka is right. It all depends on the order. A stop loss and stop limit order are 2 different things. With a stop loss a market order is placed when a certain price point is hit. In this scenario you will immediately sell to the next buyer's limit order available. With a stop limit a limit order is placed when a certain price point gets hit. Depending on the limit price it may or may not get filled. Somewhat minor detail but could prove to be important in a crashing market.Comment -
ans61201SBR MVP
- 10-11-15
- 3661
#2157Pretty sure Shocka is right. It all depends on the order. A stop loss and stop limit order are 2 different things. With a stop loss a market order is placed when a certain price point is hit. In this scenario you will immediately sell to the next buyer's limit order available. With a stop limit a limit order is placed when a certain price point gets hit. Depending on the limit price it may or may not get filled. Somewhat minor detail but could prove to be important in a crashing market.Comment -
swordsandtequilaSBR Hall of Famer
- 02-23-12
- 9758
#2158Absolutely not. Which is why I'm telling you that it is very dangerous to rely on stop orders in the Stock Market and definitely in BTC. What I'm telling you is that a stop order will not get exercised quick enough in a flash crash. The stock or coin could go from $15,000 to $7,500 in an instance and your order would exercise at $7,500, NOT $10,000. So you sell at let's say $7,500, then the price goes back up to $10k or $15k and you are assed out. Google flash crashes. Everyday there's mini flash crashes in the stock market. It may or may not be easier to do with BTC. We shall see but I would not rely on stop orders.Comment -
raiders72001Senior Member
- 08-10-05
- 11070
#2159First CBOE futures contract expires Jan 17th at a gemini price of $15,800.Comment -
ChuckyTheGoatBARRELED IN @ SBR!
- 04-04-11
- 36994
#2161Up to $16,100.Where's the fuckin power box, Carol?Comment -
raiders72001Senior Member
- 08-10-05
- 11070
#2162Bitcoin prices are day to day and dependent upon current news. If Bitcoin gets Lightning, expect another huge jump.Comment -
Mac4LyfeSBR Aristocracy
- 01-04-09
- 48366
#2163
Pretty sure Shocka is right. It all depends on the order. A stop loss and stop limit order are 2 different things. With a stop loss a market order is placed when a certain price point is hit. In this scenario you will immediately sell to the next buyer's limit order available. With a stop limit a limit order is placed when a certain price point gets hit. Depending on the limit price it may or may not get filled. Somewhat minor detail but could prove to be important in a crashing market.
One way to reduce risk is through hedging options...Comment -
ChuckyTheGoatBARRELED IN @ SBR!
- 04-04-11
- 36994
-
TheMoneyShotBARRELED IN @ SBR!
- 02-14-07
- 28672
#2166https://www.coindesk.com/price/
What will this price be on Monday, 9am EST? If it's $17000...I'm gonna be hard as a rock.Comment -
raiders72001Senior Member
- 08-10-05
- 11070
#2168All that green on coinmarketcap is a happy sight.Comment -
achilleas 21SBR Hustler
- 05-25-14
- 52
#2169big party again.where are the bubble boys now?Comment -
ChuckyTheGoatBARRELED IN @ SBR!
- 04-04-11
- 36994
#2170
1) If BtC shoots up 10%+ in one day...I pull out some profits. My USD$$ BALANCE will still be > than it was 24hours ago.
2) If BtC declines 10% in one day...I try to buy a little more. (Or I just Hold).Where's the fuckin power box, Carol?Comment
SBR Contests
Collapse
Top-Rated US Sportsbooks
Collapse
#1 BetMGM
4.8/5 BetMGM Bonus Code
#2 FanDuel
4.8/5 FanDuel Promo Code
#3 Caesars
4.8/5 Caesars Promo Code
#4 DraftKings
4.7/5 DraftKings Promo Code
#5 Fanatics
#6 bet365
4.7/5 bet365 Bonus Code
#7 Hard Rock
4.1/5 Hard Rock Bet Promo Code
#8 BetRivers
4.1/5 BetRivers Bonus Code