Bitcoin
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- drgs1
I wanted to have more money faster, so I wrote a simple trading bot (high frequency trading, reactive kind, not predictive).
After running it for the last four days, I lose about 5% per day...
Discuss.
- you lose 5% per day? don't you want to head the other direction?capn_ron
- Yes... but howdrgs
- Immediately I'm wondering what your source is. Reactive is fine but if you're data is seconds off rather than milliseconds the results could be night and day.SteveJobs
- It runs every minute, 80-100 orders per day. I'm just trying to buy the small dips and sell the rallies, comparing current price to some moving averages...drgs
- I keep track of all currency pairs on Bittrex, 200 of them. The problem is some of these have large spreads between ask and bid prices, plus low volumes...drgs
- Yeah, the minute intervals are probably what's killing you. I've noticed when prices plummet, they are usually back up before I can physically buy.SteveJobs
- Teach medrgs
- Drgs why on bittrex not Binance?HijoDMaite
- I invested exactly 426$ in BTC, LTC and ETH. I've reached 490$ now I'm at 409$..Bennn
- I will leave it there as long as possible, maybe in 1 or 2 years it will jump to 1,000$Bennn
- Bittrex has more coins/currencies. Its probably the largest exchange in this respect. Binance is aggressively adding more as well, I will switch soondrgs
- HFT needs narrow bid ask spreads, otherwise the high frequency part sort of kills you. Amazed you're only losing 5%monNom
- AFAIK HFT in stocks is usually a market maker who actually gets paid by the exchange for adding liquidity and thus reduces their already low cost per trade.monNom
- In stocks HFT compete against a hundred of other HFT robots, but here it is an unploughed territory, noob day traders not knowing what they're doingdrgs
- Ouch.monospaced
- hans_glib4
- https://www.youtube.…neverscared
- fucking hell, still etched in the brain that plaid vidkingsteven
- Dare I say it... good ole days!?AQUTE
- neverscared1
U.S. crypto operations consume as much electricity as home computers, says White House
Crypto mining operations in the United States account for between 0.9% and 1.7% of the nation’s total power consumption, according to a report released today by the White House Office of Science and Technology Policy detailing the environmental impact of crypto assets. The output is similar to the energy usage of all home computers or all residential lighting in the U.S.
The environmental impact is exacerbated by the fact that electricity demand driven by crypto mining is causing more natural gas and coal power plants to be put into use by electricity system operations, which cost more and pollute more than average grid electricity, according to the report.
Even with Ethereum’s planned shift, the energy output of Bitcoin remains a concern. As of last month, Bitcoin is estimated to account for up to 77% of global crypto-asset electricity usage.
- How much does TikTok usenb
- smelting coins and printing notes is also bad. Lets go back to sea shells, they are biodegradable and cause no pollution in manufacturing.shapesalad
- I'm being serious. Kinda done with crypto, remote work, internet, computer all day.shapesalad
- fuck off then..neverscared
- haha, have you ever thought about trying to change the world into something more suitable Shape?Ianbolton
- no, I have never thought about that. I'd rather rant on qbn and then cry myself to sleep each night.shapesalad
- kill bitcoin and the energy consumption will decrease more than half probably. new coins are greener.Beeswax
- this just in: U.S. crypto operations consume as much electricity as your mums big dildoscruffics
- more like if every mum on planet has 10³³ dildosneverscared
- Gardener0
Almost 10 years ago James Howells threw away a hard drive during a clear out - forgetting about the Bitcoin on it.
Now, with the Bitcoin worth an estimated £150m ($184m), he is planning to spend millions digging up a Newport landfill in a bid to find the lost hard drive.- every year this comes up. as soon as he knew he lost it, night goggles and shovel, go every night until found.shapesalad
- Again? He tried to do that like over 5 years ago. By now conditions to find this drive have gotten even worse than it already was.NBQ00
- He will regret this until his death. Better let go, mate. Focus on other things in life.NBQ00
- and it won't contain bitcoins, lol. it contains his seed phase or private key.shapesalad
- Heart tearing story. Must be like a mental prison for him, to not be able to let godrgs
- Money ain't everythingbabydick_
- @drgs You can see it in his eyes. :(sea_sea
- greed is a helluva drugKrassy
- “The true sign of intelligence is not knowledge but imagination." ...neverscared
- neverscared5
- with the high price of oil – shouldn't the price go up since there are less people mining and less supply?hotroddy
- not a shitcoin holder. only a questionhotroddy
- electricity if super flippin expensive in the EU right now tooneverscared
- As energy prices soar, the bitcoin miners may find they have struck fool’s goldneverscared
- https://www.theguard…neverscared
- yuekit2
- *loses $1B*
"fuck what should I do now? ah yes, let's change the profile pic to show I'm not weak"grafician - this guys is cringe level trumpiangrafician
- looks like he is getting his tiny brain friedneverscared
- greed & gambling are a hell of a drugKrassy
- I must admit, as soon as I hear him speaking on a podcast... I want to sell all my bitcoin. 43mins later the interviewer gets to ask their 2nd question...shapesalad
- Is that a birth control pack behind him?scarabin
- he stole that centerpiece logo thing from the golden bitcoin city in el salvador and put it on his wall.. the -b- is behind his whacko head.neverscared
- *loses $1B*
- neverscared5
- The best entertainment ever -- for bothdrgs
- highly likely not for the guys that are losing too much and def. not for the enviroment...neverscared
- neverscared1
Insomnia, addiction, depression: The dark side of life trading crypto
Crypto was going to make them rich. Instead, therapists say, more people became depressed and addicted.https://www.washingtonpost.com/w…
Cryptocurrency has characteristics that make it more prone to addiction than sports betting, gambling and traditional financial investing, according to addiction scholars.
- drgs5
- drgs1
- *POOF*formed
- The Bitcoin bros said it would be $500K by nowNBQ00
- This last "bullrun" has broken everything. I think it happened too early/was forced
https://s3.tradingvi…drgs - That's what bubbles are. Once it settles, and destroys 99.9% of the crypto crowd, the real foundation will be built.formed
- EXACTLY like the dotcom bubble. Almost like history is repeating itself. Go figure!formed
- $34Kgrafician
- Who are blaming this time?palimpsest
- every time bitcoin makes a move up or down, I hear them screaming: its a bubblefairbaken
- nb5
- Bitcoin Price Flash Crashed to $28.8K on Huobi: Over $2.5B Total Liquidations in 24 Hours...jonny_quest_lives
- https://giphy.com/gi…jonny_quest_lives
- - flash crash
- exchanges "experiencing outages"
- Tether printing like crazy
- btc maxis "buying" the dip
All checkedgrafician
- drgs2
- tacobell vs starbuckssted
- Anal corona fart diagramsAQUTE
- https://imgur.com/a/…drgs
- I think next 2 weeks bullishdrgs
- So where is it going? It’s just saying up or down or sideways. Might as well throw a dice. LolNBQ00
- Fucked it up a bitdrgs
- algorithm brodoesnotexist
- nb4
@section_014
The pro-crypto thinking is that eventually Bitcoin would become so widely used that it would inherently become stable. This could be possible but not without making early adopters like WILDLY wealthy. So the pro-crypto crowd wants this to happen and think it will and doesn't mind the idea of getting hella rich.
The catch-22 is that BTC billionaires and megamillionaires will need to distribute a ton of their wealth in order to make BTC used by the masses. This would stabilize and maybe get us to a place of BTC as a real currency, but then they won't be rich.
It's a game of last-man-standing. Or, it would be if they weren't all hoarding the wealth.
Also, in order for BTC to replace something like the USD, you have to get around the people who benefit from the USD being the global reserve currency. Turns out this is not so easy because a lot of powerful people are invested in USD. The IRS considers every single BTC payment to be taxable event! I mean, you think that's an accident? They're fighting to keep it away from the mainstream.
Now people will tell you that disruptive technologies always win in the end, but that's only because they're ignoring the mass of disruptive technologies that fizzled out. It's the swimmers' body fallacy.
- But hey, regardless of what I say, you would be nuts not to invest a little money in BTC. There are years and years worth of gains to be madenb
- people keep thinking bitcoin and crypto in general as a 'currency'. Like youre going to go buy a cup of coffee with it.inteliboy
- Rather, it's a technology with a ton of uses (most so far is Ponzi bullshit) But theres already Defi products out there that put conventional banks to shame.inteliboy
- Thank you for the detailed reply!section_014
- AQUTE2
This is an easy hodl
- Buy the dipAQUTE
- ^DRIFTMONKEY
- https://www.youtube.…drgs
- $42Kgrafician
- 15k is coming.neverscared
- $41Kgrafician
- AQUTE3
I bought more sats at 39k I was waiting for 27k but FOMO GOT ME!
- Yes 29k would have been nice!AQUTE
- sats?sarahfailin
- Parts of a bitcoin. Satoshi = satsAQUTE
- Stackin' sats.DRIFTMONKEY
- 1 BTC = 100,000,000 sats. The only unit used in the core code.ESKEMA
- drgs1
- you should put up a live version of thisESKEMA
- Doctor...I'm see an ostrich defying gravity.shapesalad
- why should we believe these fractal based predictions? are we supposed to think it's more likely to go up because more scenarios show 'up'?sarahfailin
- it's because we trust drgs.uan
- I will readily admit I have no idea what I'm doing, its just a hobby -- something between gambling and model plane kitsdrgs
- Buy at 20k in late sep/early oct
https://i.imgur.com/…drgs - hate your plots because they look so real.sted
- fasten your belts between sept 2. and 10.sted
- Septembers are always reddrgs
- shapesalad0
https://twitter.com/nayibbukele/…
El Salvador:
1. Great weather, world class surfing beaches, beach front properties for sale.
2. One of the few countries in the world with no property tax.
3. No capital gains tax for #Bitcoin, since it will be a legal currency.
4. Immediate permanent residence for crypto entrepreneurs.
- MS-13 loves crypto entrepreneursGuyFawkes
- They forgot the highest per capita homicide rateGnash
- ^^ 5.
^ 6.
LOLKrassy - Yeah, if you're dead you don't pay any taxes.Longcopylover
- #7 Redistribution of YOUR wealth at any timested
- if this passes, wowGuyFawkes
- I'll stick to Monaco or Cayman Islands, thanks.NBQ00
- that crytpo needs a dictatorship to fourish..no suprise there.neverscared
- AQUTE0
What does the POPE, USA, and CHINA have in common?
- They all love QBNNBQ00
- Obv dopepope is the real popegrafician
- I give upGuyFawkes
- They all have paper handsbabydick
- they're all catholic!sarahfailin
- You typed those three words in UPPERCASE.shapesalad
- we will never knowsted