Why would people buy STEEM? Over and above the speculation naturally present, there’s a much more transcendental reason why people buy STEEM, whereby they not only benefit from speculative gains, but they also play an active role in shaping the future of their investment. Considering the fact that anyone can become a “whale” and influence and support Steemit’s content by curating, the answer why many buy STEEM is obviously to power up.  For those who are critical about what they’re seeing on Steemit and want to see something different, you have the opportunity to stop your complaining and act positively by buying STEEM, powering up, and making your ideas heard (best done to begin with in my opinion by actively curating). What Steemit is and what it will be is in the hands of the community, and many people buy STEEM to join in, take part of and shape that community. And the door is open to all. |
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Hey HR, I follow your thread even though I don't write commenst. This is a good opportunity for the people who can't dare to start trade now. We see your positions and strategy so that we can have a perspective of market by reading your posts. Thanks dude.
You're very welcome, and thank you for your feedback. The main idea is exactly that: to share ideas and try to make investing in crypto a little bit more "user friendly".  |
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 https://i.imgur.com/emjQ590.jpgCurrent Portfolio Weightings: LTC 40.3% BTC 13.5% SYS 9.9% BTS 9.7% STEEM 8.8% PIVX 6.9% NLG 5.6% XEM 1.7% MCO 1.4% NXT 1.1% MYR 1% GRS .1% The portfolio also benefited from the sale of two trading positions on Friday and Saturday nights whose proceeds went into BTC (SYS and NXT at .00004500 and .00005100, respectively). |
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most of coins are pretty bullish right now
except litecoin, the btc price dumped from 0.021 to 0.016
and most people start to think LTC could turn bearish due to segwit being now also implemented in BTC
I suppose you won't turn your litecoins into altcoins because of risk management, but this must make you feel "bad", knowing it could bring a lot of money
This is what matters: https://m.poloniex.com/#/exchange/usdt_ltcFor example, those who shorted on the last spike to .022 are under water in USD terms. |
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Sold half of my MYR (XMY) last night for an average price of .00000110.
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That long legged doji on the PIVX hourly chart is real. I got filled at .00073740!!! Scalping trade. Add: sold it at 0.00087940. Another 50 bucks.  |
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Last night I got filled on NLG at .00003310 for .2 BTC to bring its intermediate term position up to 100%.
I've got 5 "intermediate" term position trades on: BTS, SYS, STEEM, PIVX and NLG. 30% of the portfolio is dedicated to intermediate term position trades, each at 5%, which means that the remaining 5%, more or less, is in reserve in BTC. LTC represents ~46% of the portfolio, and the rest is short term trading, again, more or less - I'm slowly getting the portfolio readjusted.
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As for ARDR/NXT/IGNIS, I plan to leave them out of the portfolio completely. Got a couple of offers in place on NXT, and with that, I’ll be done.
this make me uberly sad. I'll quote this on my suicide letter and blame you  why did you chose to go out of these projects ? also I'd my interested to know how do you determine how much a coin should weight in term of portfolio % when you pick one (or sell one) what make you say to yourself "I want 8% of gulden and 2% nem" rather than "2% gulden and 8% nem" ? I've heard too many negatives lately regarding NXT & Co. with probably their being late to market being my chief concern. Not too sure about their financing scheme either. When you're not sure (meaning having a high level of conviction), it's best to leave it alone. Sorry. Why 8% Gulden and only 2% NEM? Subjective analysis that led me to liking NLG much more than XEM. Much better risk reward for one - Nem had already run quite a bit and was pricey, for example, but that was my opinion, or subjective analysis that got me there. As I've said before, one key question I ask myself is if I'd be comfortable being a bagholder, and if I'm not, then it's better left alone, like with Nxt, or being really light, like with NEM. |
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Yesterday I added the second half of a 100% intermediate term trade to BTS, SYS and PIVX at .00004778, .00003399, and .00073744, respectively. Today two PIVX scalp trading offers were executed at .00090496 and .00097078 worth 0.13359925 and 0.14331626 respectively. Small stuff: ~1/10 of a percent of the total portfolio - part of the trading book - but little by little they add up. Currently bidding in the low .0008’s to add back one of those scalp positions. As I was writing this, someone slammed the buy stack and I got filled at .00080743 to re-establish one of those scalps sold earlier. Will offer it around the .00097000 level. That would be $50 profit . . . to give you an idea of how this scalping works – each issue being actively traded is broken into 4 to 6 small positions bought or sold at differing levels above or below current price. As I said above, $50 here, $50 there, and they add up. (As I mentioned before in this thread, this active trading is limited on a per coin basis to 2.5% of the total portfolio, and then that 2.5% is further broken into 4 to 6 smaller parts that are actually traded. This is something that is really outside the scope of this thread and should not be done until you’ve got lots of knowledge and experience; stay with the intermediate term stuff I’m doing and view the short term scalping as an interesting sidelight.) Now, to answer some questions: The active trading book is on Bittrex. It’s a good exchange that I can recommend. I’ve never had a problem with them. Most of my LTC is in my own wallet off the exchange. Depending on how things go, I may move part of the intermediate term trades to individual wallets as well. I may even power up some STEEM. I’m also planning to move some more to BitShares. I started with them for the first time a couple of weeks ago and I like what I see there – they’re starting to get some decent volume. As for ARDR/NXT/IGNIS, I plan to leave them out of the portfolio completely. Got a couple of offers in place on NXT, and with that, I’ll be done. NIMIQ looks interesting. Could well be one of the “later-gen” winners. Definitely something to take a closer look at I think. @Ctn, I’ve explained before how I go about choosing the instruments I’m working with so I won’t go back into that, but in so far as risk management goes, it’s the portfolio itself that works to alleviate fear as the bad apples only affect a small part of the portfolio. Setting rules like max scalping size per coin, etc., and then following them is essential. Then there’s portfolio management and automatic rebalancing when certain percentages of portfolio are hit. This takes away a lot of the trading risk in that it doesn’t matter if I think a certain issue is going higher or not because the percentage allocation says sell X amount and rebalance. No emotion, theoretically, anyway. There’s still way too much subjective decision making involved, but I try to make it as mechanical as possible. Then there’s no instant decision making – I’ve got a 24 hour “wait time” for any decision to be made, and everything’s done on daily closing basis data. I don’t use stop losses per se, but I do use stop loss levels, that, once violated, trigger a sell order for the subsequent rally – there’s always a reaction where you can get out, not always without a loss, but most times better than an automatic stop loss as these markets are not exactly liquidity models. And, yes, LTC to the moon!  |
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Found my second Witness block today ! If anyone needs help setting up witness wise... please feel free to contact me! Congratulations! Maybe someday I'll take you up on that offer. Thanks! |
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I’m a little pressed for time, so I’ll get back later to answer questions and will limit this to updating on recent activity. Last night I bought back 1 BTC worth of LTC at .0194. This morning I initiated a 1/2 intermediate term position in PIVX at .00072230, and sold the rest of my SBD at an average price of .00042668. All the proceeds are in BTC. No short term trading in the model portfolio (been doing some nice scalping on XMG, but it’s not part of the model portfolio – maybe I’ll swap XEM out in favour of XMG). Again, I’ll try to answer questions later today. Thanks everyone for your contributions, ideas, and feedback. It’s great to know that this thread is beneficial for you! BTW, looks like we may have a reliable bullish reversal in place with BTC: https://steemit.com/trading/@cryptographic/btc-morning-star-bullish-reversal |
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Sold the second third of my SBD hedge for an average price of .00048010. Leaving it all in BTC for now.
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Sold 1/3 of my SBD hedge and initiated 1/2 size intermediate term positions in BTS, STEEM and SYS (as outlined above, these are separate from their trading books which are short term) equivalent to ~.33 BTC each. The rest of the proceeds are in BTC.
Prices:
SBD .00047930
BTS .00004625
STEEM .00048040
SYS .00003153
No short term trading done today.
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What is the benefits of SYScoin over BitBay? Can someone explain this for me ? EDIT: you do have a big competitor out there: Bitbay. Read the infographic comparison.  /Regards Anoxy So your mac is still in beta after all this time? Might wanna update your graphic charlie. Syscoin is the only existing decentralized marketplace in existance period. You do not understand code. Take that cherry picked infographic elsewhere. Every other marketplace assumes escrow we do not. It is day and night difference actually. Read the code to find out yourself. For shits and giggles lets take a look at your infographic though.. to be objective in thought for our readers ok? Lets look at ones given an X to sys. Firstly sys has moderation, it has multiple levels of it including safe search private offers and enforced private offers in worsed case. Bay just has banning afaik through moderator key (not as nice and does not fall within decenteralized model). Next reputation is already built into sys. Next private markets are also covered by selecting your offer to be private. Also finding these offers will be much easier with syscoin indexers since they are deterministically derived from blockchain historical data which is gauranteed. Bays contract state cannot.be deterministically derived because its p2p so by definition there needs to be some trust to ensure that indexers get the data it needs for searching functionality. Thats a fact and a big difference between sys blockchain design vs bay or open bazaar p2p design concept. Sys blockchain wins big there. Transaction history on.blockchain yup big check for sys and X for bay instead. Most ppl agree blockchain is better. If you want to prove in court you made a tx its easy on blockchain. The contracts are all offline on bay and i dont even think they hash and root onto a.blockchain so its hard to prove in court you did something beyond a reasonable doubt. Even if you hash and root your indexers become non deterministic and trustful to central agencies which will be responsible for data of those contracts. Easy to shutdown in that case. To deal with bloat sys has special pruning which removes expired data. Multisig? Sys aliases which own offers can be p2sh.. so it can handle multisig as well if not better than bay. This creates join account functionality aswell. 2 more checks for sys there. Sys leverages bitcoin technology for that sys is on latest bitcoin core because it was designed to be backwards compatible. What is bay based on since its pos it must be an old version of bitcoin full of old bugs and missing core performance improvements made in later btc releases which sys employs. Again sys was developed with bitcoin core upgrade compatibility in mind. Even so much that i created a process to do the work so its easier to upgrade by adding // SYSCOIN comments everywhere i added sys code to so ican easily rebase. Oh btw sys core is open source.. bay is closed. Big check for sys there. Steg, p2email, builtin irc chat.. sorry those features to me are features for the sake of features no real world benefit.to our design. Other ways to solve that problem without involving the core. Smart contracts? Sys has services which are contracts well tested and unit test coverage specific to their usecases. Bay requires authorization so not much difference there.. create a pull request and your done. Pegging is the only unique thing bay is working on sys doesnt have. Sys has many other things bay doesnt have. To keep it in context of this post. Sys is the only marketplace which does.not require escrow. This is important as some merchants (especialy once they have reputation built) will not want to use escrow. Others cant afford the upfront costs of escrow. But arbited escrow is easiest for network affect because its the lowest barrier of entry. Double deposit escrow like bay has offers a high barrier of entry and thus will not achieve network affect. Noone will use the system. Also if one side genuinely forgets or goes missing both sides lose funds which adds much risk averse behavior to the system and pushes would be buyers away. Vitalik Buterin and I had a convo on this and agreed in current state of crypto, arbited escrow is only way to go. Sys has a real decenteralized marketplace which is more than a simple barter template. Sorry but a template wont do here for a comparison. We have reselling, whitelisting, integrated escrow and many other things that make it a marketplace and not just a template which can be used to MAKE a marketplace. We have uniquely crafted the syscoin offers smart contract service.based on our vision of how a fully functional decenteralized marketplace should work from the ground up and done on the.blockchain. Bay has not done that. Its using a barter template or a.buy sell anything template to try to fit the bill. The templates will require much customization to.get to the level of sys marketplace design which becomes less of a template then and more of a customized solution imo. Sorry for long post but if anybody else shoves that dumb diagram down your throat just kindly link them to this post. I seen it enough and decided to spend the time to fix its obvious mistakes (over 50% is wrong atm) Good job. Thanks for taking the time. Great value added PR. Some people really might not know, and this kind of communication is invaluable. Not everyone's a troll!  |
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Week 7 Update https://i.imgur.com/xycShBc.jpgCurrent Portfolio Weightings LTC 42.3% SBC 30.8% NLG 5.4% STEEM 4.8% SYS 3.4% BTS 2.9% PIVX 2.4% MYR 1.7% NXT 1.6% XEM 1.6% BTC 1.6% MCO 1.4% GRS 0.1%
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