Bitcoin Price Tracking & Discussion -- 2017

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  • JAKEPEAVY21
    BARRELED IN @ SBR!
    • 03-11-11
    • 29235

    #2136
    Originally posted by TheMoneyShot
    If Bitcoin drops below 12,500 might be time to start making an emergency plan???
    Originally posted by TheMoneyShot
    Back where we need to be
    you love to waffle back and forth
    Comment
    • reigle9
      SBR Posting Legend
      • 10-25-07
      • 17879

      #2137
      here we go

      rock n roll
      Comment
      • swordsandtequila
        SBR Hall of Famer
        • 02-23-12
        • 9758

        #2138
        Originally posted by Mac4Lyfe
        Stop 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.
        Wouldn't a stop limit order take care of that scenario? Asking for a friend
        Comment
        • ans61201
          SBR MVP
          • 10-11-15
          • 3661

          #2139
          Originally posted by ace7550
          It's funny that people are worried about it "going as low" as 12.5k. Just a couple weeks ago at thxgiving everyone was amazed that it had hit 10k.
          Monday could be a very exciting day

          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
          • ans61201
            SBR MVP
            • 10-11-15
            • 3661

            #2140
            Originally posted by shocka1212
            As long as the order is in before shit gets real, you should be fine
            Plenty 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
            • reigle9
              SBR Posting Legend
              • 10-25-07
              • 17879

              #2141
              i'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 nonsense
              Comment
              • shocka1212
                SBR Posting Legend
                • 10-06-12
                • 16788

                #2142
                Originally posted by ans61201
                Plenty 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.
                I think its a little more hype if anything... everyone expecting a crazy crash.. I think its going to stay steady round 15k
                Comment
                • TheMoneyShot
                  BARRELED IN @ SBR!
                  • 02-14-07
                  • 28672

                  #2143
                  Originally posted by JAKEPEAVY21
                  you love to waffle back and forth
                  lol 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
                  • ace7550
                    SBR MVP
                    • 05-08-15
                    • 3729

                    #2144
                    Originally posted by shocka1212
                    I think its a little more hype if anything... everyone expecting a crazy crash.. I think its going to stay steady round 15k
                    The 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
                    • shocka1212
                      SBR Posting Legend
                      • 10-06-12
                      • 16788

                      #2145
                      3 minutes in and were up 1k... they really got us with this Ponzi scheme..... clowns want us to be poor forever
                      Comment
                      • shocka1212
                        SBR Posting Legend
                        • 10-06-12
                        • 16788

                        #2146
                        gdax already downgraded service due to high volume.. everyone wants to join the party
                        Last edited by shocka1212; 12-10-17, 06:10 PM.
                        Comment
                        • reigle9
                          SBR Posting Legend
                          • 10-25-07
                          • 17879

                          #2147
                          shocka da god

                          you have this shit down
                          Comment
                          • ace7550
                            SBR MVP
                            • 05-08-15
                            • 3729

                            #2148
                            goddamn 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
                            • shocka1212
                              SBR Posting Legend
                              • 10-06-12
                              • 16788

                              #2149
                              Originally posted by ace7550
                              goddamn that was fast Shocka! You noted earlier that you had a stop/limit set at 10k. Do you have a take profit set too?
                              I 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
                              • TheMoneyShot
                                BARRELED IN @ SBR!
                                • 02-14-07
                                • 28672

                                #2150
                                Originally posted by reigle9
                                shocka da god

                                you have this shit down
                                Originally posted by ace7550
                                goddamn that was fast Shocka! You noted earlier that you had a stop/limit set at 10k. Do you have a take profit set too?
                                Shocka the man. Going to hire him as my financial advisor.
                                Comment
                                • reigle9
                                  SBR Posting Legend
                                  • 10-25-07
                                  • 17879

                                  #2151
                                  what did he do that was wrong?
                                  Comment
                                  • reigle9
                                    SBR Posting Legend
                                    • 10-25-07
                                    • 17879

                                    #2152
                                    i'll turn on any of you muthafuckas in a second lol
                                    Comment
                                    • Mac4Lyfe
                                      SBR Aristocracy
                                      • 01-04-09
                                      • 48366

                                      #2153
                                      Originally posted by swordsandtequila
                                      Wouldn't a stop limit order take care of that scenario? Asking for a friend
                                      Absolutely 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
                                      • Mac4Lyfe
                                        SBR Aristocracy
                                        • 01-04-09
                                        • 48366

                                        #2154
                                        Originally posted by shocka1212
                                        As long as the order is in before shit gets real, you should be fine
                                        Originally posted by shocka1212
                                        I know what I'm doing.....
                                        ^^^^ You couldn't be more wrong... but since you know what you're doing, carry on.
                                        Comment
                                        • shocka1212
                                          SBR Posting Legend
                                          • 10-06-12
                                          • 16788

                                          #2155
                                          Originally posted by Mac4Lyfe
                                          ^^^^ You couldn't be more wrong... but since you know what you're doing, carry on.
                                          ok.
                                          Comment
                                          • ace7550
                                            SBR MVP
                                            • 05-08-15
                                            • 3729

                                            #2156
                                            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.
                                            Comment
                                            • ans61201
                                              SBR MVP
                                              • 10-11-15
                                              • 3661

                                              #2157
                                              Originally posted by ace7550
                                              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.
                                              You kinda answered that yourself though. In an all out crash, is there going to be buyers for anyone anywhere near those prices?
                                              Comment
                                              • swordsandtequila
                                                SBR Hall of Famer
                                                • 02-23-12
                                                • 9758

                                                #2158
                                                Originally posted by swordsandtequila
                                                Wouldn't a stop limit order take care of that scenario? Asking for a friend
                                                Originally posted by Mac4Lyfe
                                                Absolutely 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.
                                                I think you missed the "limit" part of my post. The whole point of a limit price is to set a range you're comfortable selling, anything less the trade isn't executed. At least the way I understand it. Please correct me if I'm wrong.
                                                Comment
                                                • raiders72001
                                                  Senior Member
                                                  • 08-10-05
                                                  • 11070

                                                  #2159
                                                  First CBOE futures contract expires Jan 17th at a gemini price of $15,800.
                                                  Comment
                                                  • ChuckyTheGoat
                                                    BARRELED IN @ SBR!
                                                    • 04-04-11
                                                    • 36994

                                                    #2160
                                                    Originally posted by TheMoneyShot
                                                    Shocka the man. Going to hire him as my financial advisor.
                                                    Giddyup. Next Vegas trip...we sit down w/ Shocka and learn.
                                                    Where's the fuckin power box, Carol?
                                                    Comment
                                                    • ChuckyTheGoat
                                                      BARRELED IN @ SBR!
                                                      • 04-04-11
                                                      • 36994

                                                      #2161
                                                      Up to $16,100.
                                                      Where's the fuckin power box, Carol?
                                                      Comment
                                                      • raiders72001
                                                        Senior Member
                                                        • 08-10-05
                                                        • 11070

                                                        #2162
                                                        Bitcoin prices are day to day and dependent upon current news. If Bitcoin gets Lightning, expect another huge jump.
                                                        Comment
                                                        • Mac4Lyfe
                                                          SBR Aristocracy
                                                          • 01-04-09
                                                          • 48366

                                                          #2163
                                                          Originally posted by swordsandtequila
                                                          I think you missed the "limit" part of my post. The whole point of a limit price is to set a range you're comfortable selling, anything less the trade isn't executed. At least the way I understand it. Please correct me if I'm wrong.
                                                          Yes, I missed the Limit part of your post. Shocka was talking about a stop loss order. A stop limit offers zero protection in a flash crash. If your limit is $10k, you are shit out of luck while it blows past your limit and is selling much lower. You would be left holding at whatever level the stock is at with no chance of selling at a higher level.
                                                          Originally posted by ace7550
                                                          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.
                                                          Shocka specifically said that he has a $10k STOP LOSS order. I merely mentioned that a stop loss order would not protect him to sell at $10k. There could be a flash crash where he would end up selling for far, far less.
                                                          One way to reduce risk is through hedging options...
                                                          Comment
                                                          • ChuckyTheGoat
                                                            BARRELED IN @ SBR!
                                                            • 04-04-11
                                                            • 36994

                                                            #2164
                                                            Leader in cryptocurrency, Bitcoin, Ethereum, XRP, blockchain, DeFi, digital finance and Web 3.0 news with analysis, video and live price updates.


                                                            What will this price be on Monday, 9am EST? If it's $17000...I'm gonna be hard as a rock.
                                                            Where's the fuckin power box, Carol?
                                                            Comment
                                                            • TheMoneyShot
                                                              BARRELED IN @ SBR!
                                                              • 02-14-07
                                                              • 28672

                                                              #2165
                                                              Originally posted by JAKEPEAVY21
                                                              you love to waffle back and forth
                                                              We back in business JP. All smiles.
                                                              Comment
                                                              • TheMoneyShot
                                                                BARRELED IN @ SBR!
                                                                • 02-14-07
                                                                • 28672

                                                                #2166
                                                                Originally posted by ChuckyTheGoat
                                                                https://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.
                                                                I go soft when it's on the decline. Anything I can do to prevent it?
                                                                Comment
                                                                • JAKEPEAVY21
                                                                  BARRELED IN @ SBR!
                                                                  • 03-11-11
                                                                  • 29235

                                                                  #2167
                                                                  Originally posted by TheMoneyShot
                                                                  We back in business JP. All smiles.
                                                                  I'm getting rich or going down with the ship on this one...
                                                                  Comment
                                                                  • raiders72001
                                                                    Senior Member
                                                                    • 08-10-05
                                                                    • 11070

                                                                    #2168
                                                                    All that green on coinmarketcap is a happy sight.
                                                                    Comment
                                                                    • achilleas 21
                                                                      SBR Hustler
                                                                      • 05-25-14
                                                                      • 52

                                                                      #2169
                                                                      big party again.where are the bubble boys now?
                                                                      Comment
                                                                      • ChuckyTheGoat
                                                                        BARRELED IN @ SBR!
                                                                        • 04-04-11
                                                                        • 36994

                                                                        #2170
                                                                        Originally posted by TheMoneyShot
                                                                        I go soft when it's on the decline. Anything I can do to prevent it?
                                                                        Shot...I don't know anything more than the average guy. But here's my basic "Buy Low...Sell Hi" principle:

                                                                        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
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