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1541  Economy / Speculation / Re: Buy on panics & sell on rallies on: October 26, 2013, 10:08:39 AM
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Could it work to just enter an order each day that buys if one of the coins falls x% or sells if it rises x%?

Any suggestions for x?


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The trick is managing the amount that you buy/sell. My usual approach is to keep a trading purse that's half BTC, half my favorite national currency. Then, as the price rises and falls, I buy/sell so as to keep those balances equal.

That sounds like a really interesting strategy.  I like the simplicity and semi-automated nature.  Is it very profitable?
1542  Economy / Speculation / Buy on panics & sell on rallies on: October 25, 2013, 08:33:50 PM
I've been trying to come up with a profitable but low-maintenance trading technique for BTC and altcoins.  The best concept I can come up with is buying on panics and selling on rallies.  Could it work to just enter an order each day that buys if one of the coins falls x% or sells if it rises x%?
1543  Economy / Speculation / Re: General trading technique? on: October 24, 2013, 07:09:33 AM
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Make money on panic sellers. Also try to divide your assets instead of just throwing them in all at once, never rush it, buy or sell slowly and observe what happens.
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I would do what EvilPanda suggests. Don't buy into a rally, save it for a crash. It really does not matter what the price is when you buy, only the appreciation in value when you spend.
I'll start out with this strategy and see if I can figure out something even better.  How do you know when to sell?  Or it is buy, buy, buy, and hold instead of buy and hold? Smiley

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I'd suggest you to try automated trading feature at Cryptotrader.
For example, below are results of backtested MACD algorithm with initial deposit set to 5000 USD for the period from Mar 31 to Oct 22:

Buy and Hold https://cryptotrader.org/backtests/8Pi5GwvBHq97KQNvb
53.436 BTC (11107.38 USD)

MACD algorithm https://cryptotrader.org/backtests/yZuiFtQ5EivS4jA9A
120.826 BTC (25115.53 USD)
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Interesting stuff, anybody lost BTC using the MACD trade?
Interesting indeed.  This certainly falls into my low-maintenance category.  Is it really this easy?
1544  Other / Beginners & Help / Re: How much is public? on: October 24, 2013, 07:03:20 AM
Aren't coin mixers the kind of thing "they" will come down hard on you for if they decide to make you a target?  At some point things like that make you more suspicious and can actually serve as evidence against you.
1545  Economy / Service Discussion / Re: BTC not so anonymous with Coinbase? on: October 23, 2013, 09:03:19 AM
You're right.  I don't know why I had that wrong.
1546  Economy / Speculation / Re: General trading technique? on: October 23, 2013, 07:46:20 AM
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I'd suggest you to try automated trading feature at Cryptotrader.
Wow that's amazing.  So cryptotrader isn't an exchange but they are an interface to automated trading on the exchanges?  Has anyone else tried this?  Are there other interfaces like this?
1547  Alternate cryptocurrencies / Altcoin Discussion / cryptocoincharts.info = the best charts for alts/USD ? on: October 23, 2013, 06:53:49 AM
Are there any other websites as good or better than cryptocoincharts.info for charting altcoins vs USD?
1548  Economy / Speculation / Re: General trading technique? on: October 23, 2013, 06:34:58 AM
That's just the kind of advice I'm looking for.  Thank you.
1549  Economy / Speculation / General trading technique? on: October 22, 2013, 07:12:37 PM
I've been buying BTC and altcoins to hold.  Is there a low-maintenance approach to trading for a profit instead of just buying and holding?
1550  Other / Beginners & Help / Re: How much is public? on: October 22, 2013, 07:33:48 AM
A 3rd party scenario would be sending coins from your address to a 3rd party and then from the 3rd party to a different address of your's?  You would have to trust the 3rd party to some degree and I suppose you would have to use Tor.  Personally I wouldn't be able to go through a process like that and feel confident in my privacy.
1551  Other / Beginners & Help / How much is public? on: October 21, 2013, 07:31:21 AM
How much info about our BTC is public?  If someone knows your BTC address, do they know how many BTC you have?  Someone said that they know how many BTC you "had" but I can't seem to conceptualize this.  How does it work?
1552  Economy / Service Discussion / Re: BTC not so anonymous with Coinbase? on: October 21, 2013, 07:23:55 AM
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With stocks and bonds you only pay taxes on the yearly dividends before you cash them out. Bitcoin doesn't have dividends and more closely matches a currency. And since it isn't backed by anyone it isn't the same as a foreign currency.
I'm not sure about bonds, but with stocks (in the US) you have to pay tax when they appreciate even if you don't sell them.
1553  Economy / Service Discussion / Re: BTC not so anonymous with Coinbase? on: October 20, 2013, 06:58:44 AM
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I guess there's a law, otherwise why should exchanges care about were you transfer your money?
Oh I see, it must be a money laundering thing.

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They can't tell how many you spent.
Can't they tell how many are associated with your address and thereby how many you've spent?

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You only have to pay taxes when you cash them out. I would guess.
I'm wondering about this too.  In the US, you have to pay tax on appreciated stocks even if you don't sell them.  On the other hand, you don't have to pay tax on appreciated real estate until you sell it.  What about BTC?

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If I cash out some Bitcoins on Coinbase.  I will add up all the money spent on Bitcoins and the amount of  Bitcoins I have ever bought. Figure out the average cost of my Bitcoins. Then subtract that from the amount of each Bitcoin sold. To get the appreciation rate.  Then if it is determined that I have to pay off the mafia government. I will do it (at gun point of course) to keep them from trying to steal my stuff.
Assuming taxes aren't due before they're sold (as with stocks) I think this is the best option too.  It's just not worth it otherwise.

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thing is they can follow the coins, but can they tie it to fiat conversion? isn't that what matters?
Which company that you trust with your BTC and fiat are you confident is not infiltrated by the US government now and will not be in the future?
1554  Economy / Service Discussion / Re: BTC not so anonymous with Coinbase? on: October 19, 2013, 05:12:31 PM
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Legally you are allowed only to withdraw to your addresses, AFAIK.
You say legally, but you must mean according to the Coinbase terms of service, right?  Or is there actually a law dictating this?

BTC really isn't as anonymous as I thought.  I don't think many people will want to send BTC to a third party (myself included).  It sounds like the government will be collecting a lot of taxes from BTC appreciation.  Are people already paying taxes on this?
1555  Economy / Service Discussion / Re: BTC not so anonymous with Coinbase? on: October 19, 2013, 08:31:16 AM
An exchange knows who you are, but how do they know if the address you're withdrawing your coins to is your's?
1556  Economy / Service Discussion / Re: BTC not so anonymous with Coinbase? on: October 18, 2013, 06:32:48 PM
Mix them?
1557  Economy / Service Discussion / Re: Left over $0.80 in an exchange on: October 18, 2013, 05:33:41 PM
OK that's funny.
1558  Economy / Service Discussion / Re: BTC not so anonymous with Coinbase? on: October 18, 2013, 05:15:18 PM
Sorry, I'm still new and I don't have the same grasp as most here.  How are BTC moved from Coinbase in a way that is indistinguishable from spending them?
1559  Economy / Service Discussion / Re: BTC not so anonymous with Coinbase? on: October 18, 2013, 01:59:36 PM
So when the government looks at Coinbase's records, since Coinbase ties user accounts to bank accounts, the government knows how many coins each person has and how much they've appreciated?
1560  Economy / Service Discussion / BTC not so anonymous with Coinbase? on: October 18, 2013, 11:15:45 AM
I was thinking, if you buy your BTC at Coinbase and then transfer them wherever, anyone with access to Coinbase's records will be able to track your BTC and tie them to you.  Is that right?
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