Your base currency, is the currency you have, when all your positions are closed. This should be the U.S. dollar. Let me explain. If all positions are closed you expect the market to go down. If the market goes down, you can buy more bitcoins with the same amount of U.S. dollars, for the next position. So, if you’re trading any crypto currency part with BTC as the base currency (like XMR/BTC, ZEC/BTC etc.), you should close all your position when the BTC/USD is in a down trend, since any other coin that has BTC as the base currency will go down too. Let’s look at some examples.  (BTC/USDT daily charts)  (XRP/USDT daily charts)  (ETH/USDT daily charts) If you study all pairs, you will find out the all BTC base currency pairs are moving in the same direction as the BTC/USD. That’s why I only trade crypto currency pairs with the U.S. dollar as the base currency. Poloniex offers 11 pairs I can trade on: BTC/USD, ETH/USD, ETC/USD, LTC/USD, XRP/USD, ZEC/USD, DASH/USD, STR/USD, NXT/USD, XMR/USD and REP/USD. So, I spread my investment over those 11 positions. My base currency when all positions are closed is btc because I often trade on btc to altcoins or altcoins to btc market, and I have used USD markets only a few times on trading so my base currency is BTC. Like you said I try to close my position when BTC/USD market is in a down trend, but not all BTC base currency pairs moves in the same direction as BTC/USD, therefore, most of BTC base currency pairs moves in the same direction as BTC/USD market. |
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Where do you read news or updates for possible pumping of altcoins?
Commonly I read news and updates for possible pumping of altcoins here on bitcointalk, coindesk and more. I just search google and pick the good and trusted resources to read. Also, you can read on facebook just join crypto related groups, sometimes they can be a good source of news but not all the time. |
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There is a possibility that dogecoin will be pumped in 2018 but I doubt it, I guess it will just stay on it's current levels and I am contented just the way it is now. Dogecoin is one of my favorite coin to use in terms of gambling and that's all there was to it. Many use doge just for gambling too. |
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Honestly I never dealt with exchanges before and this is all new to me but it's both fun and very stressful. I'm not a big time player, in fact I started out with nothing and just mined some Hush, sold that and bought ARK/Waves/Shift/Espers. I own maybe $500 worth of coins right now lol, but I plan to increase this.
However stress is getting to me. I keep checking the prices, trying to buy low and sell high and I do that at work now as well and even dream about it. I dreamed Espers was getting pumped and my exchange closed Espers trading and I woke up all pissed off and sweaty and cursing the non existent exchange.
If you really want to deal with stress just check the prices once or three times a day, and hold it until you get profit. Watch out for news about the exchanges you use, so that you wont get pissed off next time and lastly, have fun doing other recreational activities in real life besides trading and being in front of your computer all day. |
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I see a lot of threads talking about the BIG date regarding August 1st.
But there are no threads about whats going to happen after August 1st. There will be an August 2nd (My birthday) so lets talk about that...
Predictions/Price/ etc...
I want to hear some thoughts.
My plan is to buy up BTC in the coming weeks and HODL
If you will buy bitcoin make sure that there will be no hardfork because if there will be, I predict there will be a dump after august 1 so if it started to stabilize by that time, buy. There is also a possibility of it going up to unimaginable prices if bitcoin hardfork is good so it is better to buy one week before august 1 but don't go all in on fiat. |
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Hello guys ! I want to invest in those altcoin:
AMP ( Good update coming the third )
XCP ( Strong support (I mean by support, a straight light on graphic which "can" block a dump ), so pump will come soon? )
VIA ( I heard its a good coin but i want some advice )
Monaco ( Card release in end august ).
SolarCoin ( For long term, energy is the future they said xd )
Do you think they got some potential?
For me your stash is good for at least a month or two but it won't be good for long term investment. Monaco is good until the expected card is released by the end of August and among them, I think solarcoin is shit but other coins are good. My tip to you is to sell your stash when you got a profit already don't keep it for long. |
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You can't get your eth back if the receiver won't send it to you back but you can at least trace where your eth has been sent. If they really ended up on Kraken hot wallet like what Anno MMXVI said, you can at least email Kraken support team and ask them if they could return your eth to your wallet or credit it into your Kraken account. If it sent to others there is no way to recover it, just assume you lost it on gambling the one who stole it won't return your eth to you if it was really stolen. |
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Dear All,
I am newbie to this forum. I have created Crypto currency for one of my customer. We wanted to market it.
I want to post images and other activities. And also wanted to connect with our reputed community.
Please help me in this.
Thank you in advance.
- Pranay
For starters refer to others' announcement thread, and make an announcement thread of your own and think thoroughly of what other contents you want to put in there but don't forget an introduction about your altcoin, what use will it have, what benefits will people get in investing onto your ICO, and a roadmap. If you want to refer to a particular announcement thread, refer to the announcement thread of OPUS in my signature I think their announcement thread is well made. |
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I am a person that gains profit from investing in ICOs but now I'm having second thoughts. I know some ICOs are potential scam so I am really picky to where I put my money.
Anyway, considering with what happened to Ethereum price and with the nearing Aigist 1, do you guys think that it will still be profitable to invest on ICOs mostly on ERC20 tokens and those accepting btc payments?
I don't think that august 1 decision is not an issue whether if one will profit into ICO's or not, but all I can say is that there are still some ICO's that are profitable right now like OPUS. If you dont want to invest into OPUS, there are still some out there that is good but be sure to pick those who has good roadmap and dont go for shitty ones. |
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hi guys right now im currently holding
stratis, ioc, steem,sys and zen(mining it)
im also thinking about ark and monero
are all of these coins good or is it just a pump and dump ( obviously i dont suspect monero of pump and dump )
This is just my opinion, but replace ioc and sys, I dont think they are good for long term holding. Ark is the best among the choices because it has a lot of support from it's community and monero are sometimes used as a payment method. Stratis, steem and zen are quite good too but always be on the watch for news about them so that you can dump when you needed to. |
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Hi I'm new to altcoins. Can people explain why you are interested in purchasing ICO tokens? How will the price discovery work?
I saw some projects where token holders are married to the project. Some are not liquid and some are traded on exchange and the price goes way up. Can you cash out or its project dependent?
I think a lockup is normal for this kind of VC/ICO investment but otherwise I'm confused where people find ROI on their ICO principle if you can't cash out the tokens when you want.
Thanks.
In my case I dump straight ahead after ICO when tokens got released unless I believe that the particular ICO I have invested to has a lot of potential more to grow and still has a good roadmap in it. To answer the highlighted question quoted above, the only lockup of tokens is when distribution takes too long and if it is finished, buyers of those tokens can sell it anytime so it is really up to you. |
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Does any one thinks that Ethereum can survive with the rising of Waves? I've heard that "Waves will be the next Ethereum"
If you ask me which is better to invest too right now, I guess I will choose waves over ethereum because it still has a lot of room to grow. ETH is just overpriced right now I think and it is just natural that it would take time to recover unlike waves which I think is in a price just right. Even if that is the case, waves would not be the next ethereum probably. |
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Suddenly ETH is big dump but now slowly pumping.In this month most probably not big pumping I think.
I don't think that ETH would recover easily anytime soon, because of the hacks that have happened where user's balance is disappearing, so it would take at least a month or two before things recover. Also, big ICO's are converting into fiat now according to cointelegraph. |
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Always buying.
If you are dedicated and having cheap electricity,.... mining may be better.
In general, buying is the best.
The best is actually to HODL.
You are right that in most cases buying is better but I think mining some altcoin specially fresh new ones is a finer choice. It is better in terms of the capital you will use in buying some mining equipments since the funds would not only go to one cryptocurreny. If the coin you are mining grows, you will gain more than what you invested easier, and getting returns on your investment. If the coin you mined didn't got a good value to sell into, you can still choose another altcoin to mine for profit after all, you got the equipment and the only thing you will have to deal with is how to have cheap electricity. |
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litecoin and ripple still relatively cheap. anyone think its a good time to enter? or shall we wait until after 1st august to enter?
sorry cryptonoob here
Id say that it is a good time to enter ripple if you want because price is still at 0.00008532 BTC which is cheap and it has a lot of potential because it was launched just 2 years after bitcoin launched and it is still alive now but for litecoin I guess it is not a good time because price is not that cheap at all. |
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I have not heard about cryptsy before. Was it a big exchange? I can not believe that an exchange can turn into a scammer after one night. Damn. If we can not trust the exchange, how can we trade our coin and make profit with it? how can we buy other cryptocurrencies without an exchange?
Cryptsy was not that big of an exchange but it was a really good one when it was still up. This story is pretty usual in cryptoworld so don't trust any exchange in storing your coins but still you can trade and make profit with it. Just remember that if you plan to hold long term, put it into a safe wallet that you control/ own the private key of the specific wallet. |
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To make it simple, every coin have 0% change if not all then most is because of some various reasons. Probably the main reason why market stays on 0% is because of the upcoming scaling solution at August 1 of bitcoin, where changes will occur that might result in a big dip so many are converting their stash into bitcoin and at the same time hedging and putting their money back into fiat while some are buying hedging their bitcoin stash to altcoins or buying bitcoins just because it might make profit. |
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Why are people worried about coins being on an exchange? They simply going to disappear? I have multiple coins such as sia, Ether, Digi, ect. I should pull all these coins out to a paper wallet?
People are worried about bitcoins on exchanges because if a split were to occur at August 1, exchanges might not give others their bitcoin classic balance. They will not disappear probably but in the case of altcoins, I think it is safe to put it on exchanges because it won't be affected by bitcoin changes in August 1. |
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When start the ico
According to OPUS website, The Pre-crowdsale Contribution Period will start at approximately July 14th at 23:00 GMT and will end on July 21th 2017 at 23:00 GMT or when the amount of 900M OPT are sold out. The Crowdsale Contribution Period will be announced after Pre-crowdsale. Unsold tokens are burnt. |
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Haha, so you were chinese? What happened. Anyways we plan to use this to our advantage and expand into the fresh chinese market (Which doesn't have a streaming service like Spotify right now)
I also like the idea because it is unique and it already has a working product already at it's disposal before even having token presale. It is rare for an ICO to already have a working product even before ICO. So what actually made OPUS different than other streaming services like Spotify besides it being uncensored, decentralized and free? |
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