Heres a good question for the WO: Who uses automated trading tools and which ones?
I wouldn't trust any bought automated trading tools (not just because of potential backdoors or keyloggers). Selling them implies that whoever made them doesn't know what the fuck they're doing. If the bot was any good it'd only be a matter of time until they'd be filthy rich, so giving others access to it would eat into their profits. Hmm. Don't know if I buy that. The type of trading I have been doing is strictly mechanical. The algorithm is simplicity instantiated. Described somewhere upthread in a few paragraphs. It would be pretty simple to code such a thing up and let it loose, giving the exact same results as my manual management. Of course, the bot will not respond appropriately to any anomalous exchange events, which seem to happen once or twice a year. |
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Are we starting to see people FOMO'ing?
Have no fucking idea. I am with my date tonight and I am confused where should I concentrate more my btc or naked girl laying beside me. Go all in She said no.  There's a lesson in there somewhere. |
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this is good profit after such a long time in bear market, hope this is a reversal.
Maybe, maybe not. There are still a lot of salty segwetters. But SV has the fundamental characteristics that make it just a plainly better money than BCH. So the long term looks rosy. |
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Do any of these plebs talking about the price and gains know that BCH has toppled from over a couple of thousand dollars?
Yeah - you got a point to make there? Harping on this without a simultaneous discussion that current BTC price is also a vanishing fraction of its ATH is just frickin' stupid. ... kind of like how BCH is a month-over-month vanishing fraction of BTC, right? As of late, the large trade I made buying BCH with BTC is in the green. What's your point? |
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Do any of these plebs talking about the price and gains know that BCH has toppled from over a couple of thousand dollars?
Yeah - you got a point to make there? Harping on this without a simultaneous discussion that current BTC price is also a vanishing fraction of its ATH is just frickin' stupid. So No flip then. Right? Let's see if we can tease a point out of the hornet's nest first. |
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Do any of these plebs talking about the price and gains know that BCH has toppled from over a couple of thousand dollars?
Yeah - you got a point to make there? Harping on this without a simultaneous discussion that current BTC price is also a vanishing fraction of its ATH is just frickin' stupid. |
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BTC/USD turning up the way right on the 15-minute momentum chart crossover. Peter Schiff trying to get in to grab what's left.
I don't care who you are; that there's funny right there. |
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4 Bitcoin Cash Bitcoin Cash $3,225,402,052 $184.09 $955,578,665 17,520,950 BCH 48.80% sparkline
$184 already? Wtf.
XD In full admission, I'm still underwater until 15(ABC+SV) = BTC... approximately. Wait, what? 15(193.97+117.10) is $4666.05. I can hang with that. |
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the owner said that the last month 50K travelled in and out the ATM
50K what? now the owner talked to us and my first question was how can you guarantee that 10% profit each month on the investment?
so it works like transfer money or send BTC, cause he only works in BTC
then he daytrades and guarantee's 10% profit, so if i transfer funds and the month start he trades and makes 50% profit then each client gets 10% profit and the rest is for him the company etc, when the month end with loss or no 10% profit then he pays it from the company out.... i asked him what if i'm a big player and send you a big amount of BTC/fiat ... and your not able to give me mine 10% ? he said i don't accept anyone that i can't cover .... as strange as it is it seems a bit of legit thing right there ....
and if the company goes bad and he's company funds runs dry and can't cover the 10% profit anymore he would send everyone a mail and stop the collaboration with he's clients, every month everybody could make his decisions of staying in or going out, so no long term commitments
Unless you have full visibility into all the positions he is taking, then this is indistinguishable from First Pirate Bitcoin Savings and Trust. Tread very carefully. May be ponzi. |
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Hashrate is increasing.
Yes. With the increase in price, marginal miners return to profitability. As it was ordained in the beginning. |
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I will still anticipate 2018 being a wash and look forward to a fresh start in 2019. Big things (tm) coming in 2019.
A wash? 2018 Jan 01 - $13,670. Yup, I could live with that. Seems kinda optimistic though. |
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pit pat piffy wing wong wang! |
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it goes in waves^  Yeah - we theorized that back in 2011 or so, confirmed it by 2013. And? What? It now has a new fifty-cent name?  |
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How ironic would it be to withdraw a million plus dollars from bitcoin and to then still end up as a wage slave?
Yeah... unh... I dunno. 'Round these parts, $1M in savings is kinda wage slave money. What with the widest accepted annual drawdown on the order of 4%, that be like $40K annual before taxes. |
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On an extremely volatile asset, assuming the price returns to the price at which you bought it, there is a trading strategy that makes a profit, as opposed to buying and holding (which would not profit in our example). Here's a simple explanation https://blog.enigma.co/is-there-a-free-lunch-in-the-crypto-markets-c4aa331443f1Imagine you start with $1,000, $500 in stock and $500 in cash. Suppose the stock halves in price the first day. This gives you a $750 portfolio with $250 in stock and $500 in cash. This is now lopsided in favor of cash. You rebalance by withdrawing $125 from the cash account to buy stock. This leaves you with a newly balanced mix of $375 in stock and $375 in cash.
Now repeat. The next day, let’s say the stock doubles in price. The $375 in stock jumps to $750. With the $375 in the cash account, you have $1,125…
… After a dramatic plunge, the stock’s price is back to where it began. A buy-and-hold investor would have no profit at all. Shannon’s investor has made $125.If you do a little math, you'll find that transaction fees will kill this trading strategy. If you pay transaction fees on the order of 0.2% (like crypto exchange fees), then balancing small moves like 5 or 10 percent will actually lose you money. The asset has to be very volatile, and it's only worth rebalancing after big moves such as in the example. Also, you're going to lose money in a bear market, unless you have the resources to hang on for years until the asset's price returns to where you bought it (if it ever does). 1) There are exchanges that charge zero for makers. 2) Bitcoin _is_ very volatile. 3) On a long enough time scale, there has never been a Bitcoin bear market. We'll hit one some day. Unlikely we have as of yet. |
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As soon as the bankers decide they have shaken the tree for all it's worth we will be seeing a pump with corresponding reports on all the regular news channels about how there is only 21 million ever. That word will get out when they want it dished out to the unwashed masses and then the sheeple will FOMO and if your not in by then then you have missed the last next chance to get multi times profit.
ftfy |
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I have decided to write about what have been my errors during the past bull run and subsequent downtrend till now.
...<good stuff>...
I am writing this as advice for my future self, but hope it gets useful to someone else. Will continue.
What I learned this blowoff top cycle: When selling enough to cover Your Personal Lambo [tm], make the increment to cover the taxes part of the same tx. Lest you be required to part with more Corn for such necessity that you otherwise would. Worst case, you've got a bigger pile of stinky fiat than you need. |
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We have now penetrated the 200 MA Weekly and have gone back to sitting on it. Which is not a particularly good sign.  this is great bitcoin chart needs to "reset" below $1000 :-D #oldschool coiners agree What do the oldschoolers think about the hyperwave theory? https://www.youtube.com/watch?v=50ruB0sbwIgDunno. Unlikely to invest over an hour of my life to absorb a vid from an unknown. Is there a tl;dw? |
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Where is Jbear?
Life. Was elsewhere doing stuff. Here now. Negative price activity is not evidence of scam. If it were, then all cryptos would be scams. |
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IOW, it is merely a paper reshuffling of assets. Nice hyperbolic hyperventilation, though. |
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