Markets always work like a yo-yo, they go up and they crash back down but it can't be down forever. Some whales will give it a dose of viagra lol and it will go up again. We hope the Chinese whales after they finish unloading fr Chinese New Year, they decide to cone back in and give a hige cash injection into the cryptopian arena once again so our bags can explode in price. I hate the slump as much as the next guy and gal but all I can do is be patient and wait.  Everyone wants a massive movement , it won't last forever a volatile price just like when it moves from hundreds dollar to thousands dollar. It requires a little drop or even a crash before the market move unexpectedly reach the new ATH. Hodl! A huge money coming after this month to boost the sluggish market , korean and chinese investor will back in action , at least that is what i believe as a fundamental. Everyone loves it but reality will prevail that crypto markets are not going always on its glory days, There's always downfall on it and that one is currently what we experience today But if people cannot afford to hold their positions will be the losers since they will not earn with their tokens new ATH if they will sold off what they have. And I'm expecting to see some another pumps with it since the petitions of koreans are been approved and they are in the motion again to trade with alts. Those governments who like to play the drama to ban bitcoin actually know well it is impossible to do it. They might try to look at the bitcoin development and decide whether it could beneficial for them or not and during the proccess we are stuck. The market stalling and some people even start to panic , calm down and watch the situation closely , the conclusion for now it will be a bullish soon. They can't ban it, but they could surely control it. |
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okay, assuming you want to help and assuming you know what you are doing: Please explain this post. Why are you writing "between OMG/BTC", then talking about LTC and USD, which lead to a total of 19200ETH ? Anyway, could be mistyped. So I guess in fact it is LTC against USD , right? So you bought at bitstamp and sold at yobit. What does this line mean: "1200 USD - 0.5 -1 % fees" Does it mean you made "1200 profit" without fee, and now we have to substract 1,5% fee to have the real profit? 1,5% of 37200USD ? or of what? [\quote] Sorry, I've made a typo... "FIXED" - - had another pair in mind while I was typing this up.. And now the biggest question: How do you withdraw the USD now from yobit to bitstamp again to repeat? And seriously, you have that much money/coins at yobit?? insane  I still think you are trying to scam people. Because yes, you might be lucky to make money with arbitrage. But there are the fees and all the risks and the problems to withdraw. And you aren't talking about all those problems. If you really would like to help people with arbitrage, you would tell everyone about those risks/problems, but instead you make it look like it is easy and riskless money. Your accusations carry ZERO weight, nevertheless everyone is entitled to an opinion. I've made a tool that takes publicly available info and compiled it into a nice user friendly interface. It is up to you to try to use your brain before taking any action. If I tell you to jump off empire state, would you jump? If you really would like to help people with arbitrage, you would tell everyone about those risks/problems, but instead you make it look like it is easy and riskless money.
Did you even bother reading the disclosure on the website? Its in big bold letters made for ignorant folks like yourself. FYI - you can call me lucky all day, the fact that you're ignorant and lazy still remains valid |
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Its frustrating to see such a steady stall in the crypto market post January. Seems like any price change (increase/decrease) is happening at snail pace. Any hope that this market will pick up soon in the following months?
You seem to be relatively new in the business of crypto trading if that is true then you have been pampered, the previous year was great but we cannot expect every year to be like that, while I was not here to see the crash of bitcoin I was around when the price was between 200 to 300 dollars for months and it seemed like nothing was going to ever make the price of bitcoin to go up, so get used to it, this may be our reality for months or maybe for a full year. If the market was to remain the way it did in december, bitcoin would reach 100k by the end of this year. There are more odds of alien invasion then bitcoin's price rising again. Well, that's impossible to reach 100K USD by the in end of this year. As what i read by website they are estimated to 75K USD this year. So it's very promising target value that i waiting to and for everybody here in the forum. With regards to this topic and the subject creator i am preferable in buy low sell high because this is best way to earn profit if bitcoin and alt currency return to pump maybe next month hopefully. Gotta disappoint ya, its not moving past 15k |
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Its frustrating to see such a steady stall in the crypto market post January. Seems like any price change (increase/decrease) is happening at snail pace. Any hope that this market will pick up soon in the following months?
You seem to be relatively new in the business of crypto trading if that is true then you have been pampered, the previous year was great but we cannot expect every year to be like that, while I was not here to see the crash of bitcoin I was around when the price was between 200 to 300 dollars for months and it seemed like nothing was going to ever make the price of bitcoin to go up, so get used to it, this may be our reality for months or maybe for a full year. If the market was to remain the way it did in december, bitcoin would reach 100k by the end of this year. There are more odds of alien invasion then bitcoin's price rising again. |
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Bitfinex is the way to go  |
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I have been kicking myself for the last 12 months now, I bought 2 bitcoins about 5 years ago at around $200 each on eToro. I sat on them watching them grow and was even pretty smug as they smashed through the $2000 early 2017. I was then concerned about the value of them so got hold of a hardware wallet to move them onto. To my disappointment though when I logged in to eToro the coins had auto sold at 20% profit. So I came away $80 bucks up. I should have been happy however I was expecting to be $3600 up. Then in the passing months I watched them grow and grow. have now bought back in at an astronomically high price compared to initial buy in. Oh well live and learn I guess. (I still blame eToro though!!)
for those of us who missed the bitcoin train, there is another coming called XRP:) |
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Why look for large gaps in price which can result in risk dealing with strangers? Instead, create account on major exchanges, look for smaller profit, then just rinse and repeat. http://www.arbitrage.expert makes it super easy to identify arbitrage and execute within minutes. I don`t like rolling lots of money through unknown and sometime illiquid exchanges. Most of the times it is very easy to get the money in. Problems mostly start when trying to whithdraw. Also I like +10% premium because when trading for small % the risk is very high because of volatility and transaction times. As I am not a full time trader and have other things that occupy my attention I prefer building real human relationships and doing bigger transaction and be safe volatilitywise. Of course there is always a risk when dealing with other people and sharing profit margin. But there are security steps like escrow or alternating day by day who sends first. It is still worth the risk if you can participate on the big +30% premiums like the korean markets. I will definetly give your approach a try. If anyone has a experience to share involving another human arbitragin feel free to chime in. i honestly don't know where you find your 10% 30% deals Japanese, korean, australian exchanges do not sell at such a big difference, and the gaps are shrinking day after day best crypto to fiat deal you can find as of today is perhaps 5% after fees Thats incorrect! You can easily find 8-10% after fees deals.  |
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Another great arbitrage opportunity between LCT/USD Buy 100 LTC on bitsamp for 175 USD total (17500 USD) Simultaneously sell 100 LTC on yobit for 193 USD total (19300USD) Net profit: 1800 USD - 0.5 -1 % fees Total time: 10 minutes |
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Is over trading a good idea? If not, why do you think it isn't? What are the pros and cons in over trading? Is it advisable u buy or sell your coin everytime you saw a slightly movement in the value of bitcoins?
Overtrading makes you very tired. While doing this, you will get tired and you will lose your strength. Instead of doing this, trade if and only if you see great opportunity. Trading like a machine is not good. haha this is the comment of the year lol |
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IMO, bitcoin is really good for long term investment so holding will be great option. ( Invest )
Meanwhile if you want to trade in short term, it's kinda risky for me because bitcoin value still volatile until now.
Overall just take a look on bitcoin chart over past 6 years and you will see bitcoin always increase although some people still afraid of bitcoin
I find it hard to believe. |
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Sure, but these are insignificant (pennies on the dollar) . 0.15% - .40% at most!
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Why look for large gaps in price which can result in risk dealing with strangers? Instead, create account on major exchanges, look for smaller profit, then just rinse and repeat. http://www.arbitrage.expert makes it super easy to identify arbitrage and execute within minutes. I don`t like rolling lots of money through unknown and sometime illiquid exchanges. Most of the times it is very easy to get the money in. Problems mostly start when trying to whithdraw. Also I like +10% premium because when trading for small % the risk is very high because of volatility and transaction times. As I am not a full time trader and have other things that occupy my attention I prefer building real human relationships and doing bigger transaction and be safe volatilitywise. Of course there is always a risk when dealing with other people and sharing profit margin. But there are security steps like escrow or alternating day by day who sends first. It is still worth the risk if you can participate on the big +30% premiums like the korean markets. I will definetly give your approach a try. If anyone has a experience to share involving another human arbitragin feel free to chime in. Well, you gotta do your own homework prior to getting involved with an unfamiliar exchange. 1. Check for pair liquidity you're about to trade. 2. compare bids and asks 3. check for withdrawal and deposit fees 4. select a non fiat pair with at least 2% spread (0.5 - 1% is usually being spent on fees) and just rinse and repeat until the spread is gone. Btw...this is all public info... I personally dealt with at least 7-10 different exchanges with overall volume of at least 5m daily, and frankly can't share a single bad fact for the exception of quionex... where the deposit took over 10 days to get my account and the support was inattentive. There are a lot more odds of getting fucked by a human rather then an exchange. take less risk by aiming small. |
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Is over trading a good idea? If not, why do you think it isn't? What are the pros and cons in over trading? by definition, over-trading is a bad idea. it means you are hyper-focusing on short time frames and getting shaken out of good positions. it means you are selling your winners too early. there are not pros. the cons: you lose good positions, you get frustrated and lose money selling into bear traps, you sweat small movements on low time frames when you could be spending that time more productively. Is it advisable u buy or sell your coin everytime you saw a slightly movement in the value of bitcoins?
absolutely not. the best way to survive and profit from this market is position trading. both mainstream investors and hedge funds have arrived (yes, including altcoins). that means buying dips from panic traders (perhaps like yourself  ) and holding through drawdowns. the trend is your friend. Another problem is that over trading creates a taxable event, if you buy for 21 and sell for 22 you obtained gains that you need to pay taxes for, the more you make these small trades the more taxes you generate and the more money you lose to the government, also your accountant will go crazy trying to declare your taxes and if we add bitcoin on the top then the possibilities of mistakes occurring become quite high, that is why the common strategy of buying and holding not only gives more profits but also makes it easier to pay your taxes. What is over trading? Seems like most of you are oblivious to the definition of the things you say. |
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Hello my friends, I am a newcomer to the Trade and I have been Holding the potential coin. I realized one thing I could increase the amount of coin hold by trading them, for example I hold 100ADA then I sell for 0.6$ buy back at 0.56$. I have increased the number of coin. Be sure to buy the right one if you do not reach the target, and the last target is the one you want to target. That's the experience I've been drawn to, how do you feel? Can you trade more effectively? P.s: I have a post for some of my new friends to refer to: https://bitcointalk.org/index.php?topic=2777983.0 , you have some advice for them, let me know by commenting on that, and this post is about the best way to trade. You should understand by doing this, you're provoking a trading fees. what does that mean? It means if you bought a coin held it for a while then sold higher, then rebought earlier means you're doing another deal in terms of taxes you will be paying twice not once. means you will pay taxes for your trade on the first one , and trade on the second time you're buying thus this does not count as HODL (which means you buy the coin and hold it for a long period of time, this counts as normal trading .. as if this method good or not, it's basically replacing the base from dollars to that particular coin). Who pays taxes on crypto profits lol ? |
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Site seems legit. https://www.screencast.com/t/aBq347huVhttps://www.screencast.com/t/RMaRQxojyHdbBut with all honesty Sir, what is your motivation in doing this if you`re not intrested in donations? Let me be clear I`m not doubting you but could you please elaborate on your reasons in sharing this information with us. Especially like above stated when you arbitrage yourself? And why do you post the link in every forum containing the word arbitrage? You could make good money of this tool but instead you decide to kill your own edge. Again I`m not criticizing but when a behaviour is so out of ordinary it raises questions. Listen... making money and having lots of it is fairly important in my book. But, I also believe in karma and the importance of feeling good from the actions i take. Everything has a beginning and an end. This arbitrage model without a doubt will too eventually come to an end. I do make arbitrage when i have time (this is not my primary source of income). I'd rather share the app and make new friends, rather then keep it all to myself, nevertheless If i pass tomorrow, I won't be able to take any of it with me As I had mentioned before, I was shocked by the amount of useless data that is being given by the fellow members . What is the point of having half of these threads here, if none is willing to share a working model. |
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Why not just buy it at reputable exchange like bitfinex, quoinex etc...
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Didn't get ur point can u be a bit more explicit SK o can grasp Ur point here
Please elaborate.... |
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There's nothing called hold by trading. It is just a normal trading method. Buy at dips and sell at high. The only thing is that, you are trading with only a single pair and loosing all other opportunities. Holding is an investment method and trading is not holding.
In the present time when the market is down, the trade is very dangerous, you can choose a few good altcoin and keep it in a period of 1 to 2 months. As of March 2018, I expect the market to rebound when Asian investors return to the market after the Lunar New Year holiday. Be well prepared and assured about your possessions. Thats not a very smart assumption! |
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