AUR   crash may be opportunity

"reminder(s)" are given so that those who have forgotten, or who didn't know may know.   I didn't know before the posting, as such I don't assume that everyone knows or took appropriate action to preserve their interests.  

reminder statement from:

OpenEX
The Exchange is Closing on 3 / 27 / 2014 and will not reopened until the LUAPOD platform is complete.
trading is disabled. please cancel all orders immediately.

reminder statement from:

OpenEX
The Exchange is Closing on 3 / 27 / 2014 and will not reopened until the LUAPOD platform is complete.
trading is disabled. please cancel all orders immediately.

Important message to all day traders using Cryptsy exchange, they have announced the following:

"Minimum order quantities have been removed. Only requirement now is that the order total > 0.00000010.  Min fee for any order is 0.00000001"


This obviously will impact day traders, more than non-day traders, essentially it's a cancellation fee, each time you cancel you lose that amount.


So on one hand you are motivated with the Cryptsy points to do more trades, but then demotivated with a cancellation fee.  


I think the action was short sighted in to ways:
1) although the fee is tiny subconsciously it will negatively affect how people trade when they occasionally see that negative number at times, or worse end up with a negative coin balance.
2) the financial and goodwill costs will be higher than the revenue driven in by it, most specifically in the lower number of trades offered, but also in the cost of workers needing to explain negative balances.   

Thanks for the heads up.

Question: I noticed something about no transactions fees (world's first), is that just for banking or for exchange trading too?

Someone asked me the following question, since I didn't have a clue I present it to you:


Trader had multiple sell orders open:

1)   100 xyx @ 3.459 BTC
2)   100 xyx @ 3.509 BTC
3)   100 xyx @ 3.519 BTC
4)   100 xyx @ 3.590 BTC
5)   100 xyx @ 3.605 BTC
6)   100 xyx @ 3.609 BTC
7)   100 xyx @ 3.659 BTC
 

Suddenly, 7 trades are done simultaneously for tiny bits (ie: .004528) of each sell order right up the line.   All while the ask and sell price appeared frozen.  
This occurred multiple times, once when the ask and sell quantity were high, and other times when the quantities were either low, or high and low.  

Questions;

1) What is that called?
2) Who could initiate that: trader manual, trader bot, exchange, or some or all of the above?
3) What is the reason(s) for it?



thanks in advance

When I made the recommendation I was very specific, seconds before I posted that recommendation Doge was 118 trending down, seconds after I posted the message many people grabbed a couple crumbs at 120ea, 121, and even 122 all profit. I would have gotten out at about 121.  All three positions performed as recommended.

The OP wanted a profit not a prophet if he took my advice he made that profit and stepped out of the position.  

If he took your advice ... uhm, [looking at the thread for your recommendation to the op] ...

In order of which has the most potential profit:

1) Doge    
2) Name
3) Peer


I would suggest you split your funds three ways between them.

this recommendation expires in an 1 hour, buy in and wait for the profit each will rise from where they are presently in less than 12 hours

enjoy



[everyone is invited to The Speculators Club]

I'm advocating a number of things:

1) be grateful for the concern someone had to tell you about the rain they felt was coming,
2) be grateful for the specificity expressed in the prediction,
3) use critical thinking to appreciate the imparted intelligence, act on it as you wish
4a) if it doesn't rain, and you are burdened by carrying an umbrella, acknowledge it but know that you were the decider of the intelligence
4b) if it does rain, and you are prepared, acknowledge that the predictor was also right AND you too were right in your action
5) if it rains the next day acknowledge that, ask yourself, the predictor, and the weatherman why it wasn't predicted then use your critical thinking skills again.  You will likely conclude that if no one saw it coming, that is the reason why it wasn't predicted was NOT because they saw it and wanted you to get soaked but simply they didn't see it.

Dude's prediction may not have hit bull's eye but it certainly hit the target.  

In golf they get you a standing O for a shot like that, from so far away.  

Whatever YOU saw on bitstamps front page apparently wasn't enough for you to 'warn' the community well before hand with great specificity.

Whatever you may have thought was obvious, clearly wasn't obvious enough because the OP was ripped from day one to present, as if there would be no downward movement.

My grammar sucks, so I sincerely appreciate it when someone offers correction, because it enables me to be a better me.  If I cursed everyone that tried to help me it would serve me no good purpose in the long run.  But there are many people that don't want to be corrected, that take offense at correction, and seek vengeance for pointing out the error of their ways, when all the corrector was trying to do was to make them better at what they are clearly trying to do. 

As for thanks, you can be thankful for earnest effort before and/or after results, regardless of the results; how much does it hurt anyone to be thankful for positive efforts paid your way? 

hahahahaaaa so many are quick to ridicule and slow to praise.

Would it hurt you to thank Cosmo for the heads-up?  
Would it hurt you to acknowledge that his friend felt something and tried to warn those of us who cared to pay attention?

Regardless of the reason for the dip, you were put on notice, and thereby warned.  

If you see no storm clouds, someone with arthritis tells you I think it's going to rain, you could dismiss him as crazy but he's just telling you what he feels.  
If the storm clouds don't make it, get delayed, or move in another direction thereby providing fodder for the disbeliever, it doesn't negate the fact that it was coming.

People easily say hindsight is 20/20 but the truth is, even those viewing history see it, interpret it, and appreciate it in different ways.  

Bad enough there are not many WILLING to make predictions, but when someone extends themselves to do it, they get ripped before, during, and after the event regardless of how it turns out.  How do you expect anyone to get better at something if you discourage them from practicing?  

Love the new upturn, goes to show that even though it is tied to BTC is can still perform independent of BTC. 

I remember seeing that logo before,  but when I looked it wasn't in my favorites (it is now).  Thanks for the info.


I like the 80% of the rates.  I'll check them out soon.  Thanks again.




[edit]


ohhhhh, now I remember (did a search found rating http://bittrust.org/coinmktcom), they had a totally different site, with a totally different feel.  I liked what they had to say back then but heard nothing about them and I didn't feel comfortable at the time, and I'm pretty sure they were only doing btc, yessss, I remember they had much higher btc rates than their competitors in similar space so for those two primary reason (the feel and the price) I didn't save it.   

sorry to see that they got just above avg on their rating, but I will reach out to them.   

thanks a third time

How much does the quality of the coin mean in the grand scheme of things?   I'm in the cryptocurrency game to make money.  I only considered "alt" CCs (including LTC) because my BTC was not only under performing but actually losing value. So I traded the BTC for LTC, then when that profit boat was about to ship off, I disembarked for a more robust CC that has since provided a rather nice ride.   The eye opening experience has enabled me to look at all of the CCs as income opportunities. 

Had I saw NXT before LTC  I might have gotten more bang for my bucks, no biggies, I missed the NXT train this time, I'll be looking for it the next time around.

enjoy

ooooops, so it's over, if you got some of that Green NXTea

share the joy of making cryptocash in midst of crashing giants.

did you move from BTC to LTC to NXT? 

the cryptocurrency universe is very very tiny,  we need as many players in the space as possible, if for whatever reason space seems crowded, we simply enlarge the space

there really is enough money, attention, work, and fun in the CC world for everyone (spammers, and spam haters too  )

cool beans, you are invited to The Speculators Club, feel free to post your message there as well if you choose to join.   

https://bitcointalk.org/index.php?topic=519808.msg5751102#msg5751102




you might also want to know that the word 'crypto' refers to a really large world totally beyond 'cryptocurrency' hopefully you don't get bogged down with misdirected hits
wiki crypto to get an idea of what I'm talking about

He has said and done many good things, so which one of the good things are you talking about?

hahahahahahaaha, I definitely asked for that -- must be all of the commercials.


thanks