It is so not gonna protect you.

But let's take the bet - please post, once done, the gap between your stop order price & the price at which it actually sold. It'll be quite interesting for everyone. We will also compare this to the rebound price (if any).
It'd be interesting to do some stats, if others wanna share their sell price, whether it's manual or automatic. Obviously some will be lucky & be at the top of the stop loss cascade. Some won't.

I don't have much invested, I may be testing both stop loss & manual sell, I'll see what worked best, as an experiment.
And, perhaps some here have ALREADY sold thanks to their stop order placed too high. Would be interesting to know as well.

Is B2X the reason the BTC just dipped everywhere but on Yobit?
I thought no one cared anymore.

They certainly have for me, at the time of my post I already couldn't place an order.

Edit: ah wait, the thing had logged me out without showing it. I was getting errors when placing orders, re-logged and it worked...
They just have locked access to NXT from wallet, how dumb is it to just restrict that?

Pretty simple, because people think that morons will buy it because he told them too. And thus it will go higher. And that's a good reason to buy, because it's gonna rise. Would have anyone bought without this way of thinking? Certainly much less.

It's the same thing for price drops after a fork. These are predicted drops, and when there is a predicted drop, you sell. Would drops happen after forks without this way of thinking? Certainly much less.

Also don't forget that he was still pimping BCH less than a month ago. Saying that "it may not be BTC that will reach 500k, but but BCH".
BTC high? McAfee saying out loud that BCH will win over BTC. BTC goes down, he buys more. Says BTC will win, BTC will go up.

However, unlike Ver & the Bitmain guy, he's more honest about it. He clearly says these 2 assholes are orchestrating the rise of BCH entirely, and that it's why he bets on BCH.

https://www.youtube.com/watch?v=2uhPnOyBHQs

How are order books & the price moving this much on Bittrex if they have locked trading? I don't get it. API trading still working?

he would be stupid not to put money in coins that he's gonna pump, so, yes, obviously


I had/still have HMQ btw. Missed the pump, hopfully it's not gonna dump too bad. As long as he's not ruining coins, it's ok.

That is exactly what is wrong with using stop orders. Stop orders are a nice tool when something goes down *in a long time* (like, at least 10min).

With a stop loss you CAN lose nearly all of your money. It happens during nearly all crashes, has happened, will happen again. You can check your exchange for spikes caused by large market sells, most likely triggered by stop orders.

The extreme case being selling your ETH for a few cents - you have pretty much lost all of your money, for a stupid reason.
And this is the case you describe - you are in a loss, most likely the market went bad, everyone is in a loss, all stop orders got triggered, if you're last in the chain, you're gonna get hit bad.

It has happened again for this crash, and it will happen again.
Go to Bitfinex, watch EOS/USD. There has been, again, some EOS bought at 3USD, and sold back immediately at 8USD. On which side do you prefer to be, the one who sold his EOS at 3USD? In any case this is a market sell. Most likely triggered by a stop. And it's not even just 1 idiot with a stop on a large amount, there may have been some little ones triggered after the idiot. That could have been you.

On one hand, I wish I had bought those EOS (no idea how much it was, but there was some volume there), sadly I had removed my orders 2 days before. On the other hand, if stop losses were avoided, "crashes" wouldn't be this bad, they wouldn't be automated, they would be human-driven and less instant, & thus probably less deep. But that requires everyone to stop using loss, or use loss-limit where available.


What you are guaranteed however, if the dip is instant, is to get maximum slippage. Noobs will think "I bought at 900, now it's 1100, I'm gonna place a stop loss at 1000, I will at least ensure a profit of 100". There is almost no chance it will sell at 1000, most likely it'll be around 950, *in this volatile market*. You'd better watch the order book before placing a stop, if it's very thin, 1 sell and your stop gets triggered way back.

Funny, while there is very low volume right now on Bitstamp, I see big walls popping up, and suddenly big volume buying those walls.

But I think I get it: for the BCH introduction, for some time, Bitstamp has no fees. It's probably people buying their own wall..

Perhaps you don't know what forks are. Basically a new coin is created, and a snapshot of current BTC (or anything else) is made, and each owner of BTC's now own equal amounts of that new coin.

..but those coins are generally worth a few hundreds at best.. per BTC of course.

So your $2 in BTC would have given you a few cents for free - and yeah as you guessed it, you probably spent your entire $2 in transaction fees.

I'm afraid it has already happened. Crypto got its chance, being in the news everywhere. Noobs bought BCH at 4k, saw it drop to 2k (after Roger told everyone to "sell his Bitcoins" on TV [after telling everyone that BCH was the real Bitcoin, hahaha]). Let's hope it's not gonna scare them away and we will get a second chance.
Sure the market is back up, but I don't know how many weak hands haven't sold or have bought back. It's whales & old investors who did.

This said, the fact that crypto proved to recover so quickly will keep some investors in, those won't be scared by the next crash. But surely some weak hands went away & will never come back.

Nope, it hit 4.3k. Then it dropped to 1.9k. In a day. That is a typical pump & dump.

Last time it went from 300 to 2500 in the craziest parabolic rise, then dumped to 900.

See the pattern? Pump & dump. Great market.. sure it's great to make money, as long as you're part of the ones who get the message (like, from Coinbase) before the pump, and you know when it's gonna dump. But quite a lot of people bought at the top & got burnt.
In any case, this is far from the stability a coin should have when it claims to be usable as a daily currency. It's only a nice market to make money when you're not a noob.

Your grandma who discovered Coinbase 2 days ago, bought "that Bitcoin she heard about on TV", and went for the cheapest one called "cash", at over 4k, and sold it at 2k... yeah she must think it was a great investment...





yeah, I do acknowledge the nice run the BCH had, but it has nothing to do with your subject.

That run is *artificial*, that's my point. If you're looking for pump&dumps, you'd have better luck with ALTs, over 100% pumps & dumps happen daily.

you really don't get it

BCH dropped *over 50%* in a day. This BTC whole crash was 36% and it took 8 days.

Obviously the BCH recovers quicker from a 50% dip.

The BCH surely got a nice run 3 days ago, thanks to Coinbase. And it has shown once again how hard it dumps after a pump. Keep believing "it recovers", but the BCHs changed hands. Weak hands helped pumping it from 1500 to 4000. Most of those most likely lost their money, and the whales scooped the dip as usual.

1. the fork happened in august. That thus excludes a lot of buyers

2. pretty much all those who got access to his BCH, sold it immediately (everyone sells forks, it's free money). That's why it dipped to 300.


Each time those who didn't get their BCH get it from exchanges, it dips again. And we all know who scoops the dips.

Hum, the BCH took the same dive, at the same time, since it's valued according to BTC.

Still, 16k to 15k is pretty normal.

4.3k to 1.9k *in a day*, that is pretty bad. And guess who stole all those BCH from the weak hands again? Whales. When it's said that 4% own 95% BTC, I wouldn't be surprised if 0.1% own 99.9% of BCH.
Generally a share is pumped & dumped once, and people stay away from it. Props to Roger for pump&dumping on idiots several times in a row, and they keep buying.

Yeah certainly, but the BCH is way more volatile.
If it dropped to a few hundreds, it's because no one wanted it. Then Roger bought the dip, and pimped it, and you made him richer.

If you bought BCH at a few hundreds, you made quite some money I guess. If you bought it above 600, you would have made a better investment in Litecoin.

Now consider how much it will drop when BTC will get its lightning network. Not for technical reasons, as it doesn't matter a single bit which one is more usable to buy a loaf of bread. But because everyone will assume it will drop, thus will sell.
Meanwhile the BCH has already used most of its marketing cards. Announcement on Coinbase can't happen twice.

Consider what a drop of 50% in a day means: most aren't there to hold but to make money.

BCH was worth >800 in august, dropped to 300 for 3 months. Then Roger, whales & miners bought it, started to pimp & pump it. It even produced the biggest pump&dump of all time, in november.
So yeah, there's quite some money to be made, but it's fragile. You may as well invest in some ALTs that gain & lose 100% in a day. But be sure to never buy near the top.

BCH went from 4300usd to 2000usd in a day.
OBVIOUSLY it recovers better the next day.

Pretty much all of the ALTs went up better btw, to recover.

Why would Coinbase buy on Bitstamp?

When someone buys on Coinbase, it matches a seller on GDAX (I assume)

There is a huge-ass wall of like 1200 BCH-BTC buys on Bitstamp, to ensure that the BCH won't go below 0.21 BTC, causing BTC drops whenever the BCH drops... manipulation again. A real whale willing to buy so many, would have bought much lower yesterday.

I wonder if there's a similar wall on other exchanges? It's not too abrupt on Bitfinex.

I see a lot of walls popping up & disappearing all the time in BCH trading - from all sides to make prices pump & dip. More than usual.

but was Ben Franklin against taxes?

Hiding your money may be an essential liberty to you, but I doubt you'd want to live in a country where everyone hides his money and either doesn't pay taxes, or worse, gets paid by the country for reporting himself as unemployed.

Also, being a libertarian is generally something for rich people, beggars like you have more to lose than to win.


There is no reason a decentralized network couldn't work like Paypal, though. Paypal offers safety, which involves people judging conflicts, to deal with refunds. That job can be done by "miners", or, "everyone", for a fee.
You paid a seller & didn't get your stuff? God scammed? Let, I don't know, 3 random people on the blockchain judge the case, for a fee. 2 out of 3 judged in your favor? You get a refund. Of course this also involves an escrow system, where the coins stay on the blockchain in an "not owned by anyone" state, until reception of the goods are confirmed. But hey, the blockchain is about random people doing tasks, for fees. That can be done.. if you can really trust "random people" for judging cases, but hey, that's decentralization.

You'd think that it's easier for Paypal to prevent scams because it's centralized & well organized. But well, someone once managed to open HIS paypal account using MY stolen credit card # (which was ALSO linked to my own paypal account, on top of it). So they aren't really doing such a good job either.