<iframe width="640" height="360" src="http://www.youtube.com/embed/YOZTjZV0Iyo" frameborder="0" allowfullscreen></iframe>
I have sceeto running on 400 ticks and its AWESOME. I am so excited I am having a hard time containing myself so I have to walk away for a moment to calm down and focus on my trading strategy and get back to business.
It's starting....the folks at Sierra Chart have jumped in and provided some Technical Analysis tools for BitCoin...how cool is that?
If you missed some of my thoughts on BitCoin you can read them here:
Here's a good interview done by Nick Mastrandrea where we talk about bots, flash crashes, government oversight of HFT (or lack thereof).
Hope that you enjoy it:
BitCoin is experiencing growing pains...what we are seeing is nothing more than that.
BitCoin may never mature into a 'full-fledged' standard currency...but the next generation of internet currency, or the generation after that, will nail it.
The genie is out of the bottle on this one and there is no going back.
Our gov't sponsored, 'full faith and credit' paper will not be able to sustain the onslaught.
It has been said about elections that people 'vote with their wallet'.
I think that if people had the opportunity to vote on their choice of currency, then for this, like elections, they would 'vote with their wallet'.
If there was a safe, 'one-click-easy' virtual currency option right next to a USD option, then more and more people will adopt the new currency.
It has been derived that the rate of introduction of new technologies follows an S-curve. The duration that it takes ~10% of the potential user population to adopt a new technology, is the same duration that the next ~80% of a user population takes to adopt the new technology.
The final ~10% adoption, also takes the same duration...hence, an S-curve.
Virtual currencies have not hit the 10% adoption rate...but they will, and they will be a game changer - and an opportunity.
Red WIND, HFT Sell Surges and Retail Order Flow getting it wrong offered a pristine example of how following the bots at know support and resistance levels can improve your trading.