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Pegged-value coins are very useful for me as they let me able to store wealth in an indeed stable, and decentralized way. I'd never use tether due to their shady practices and they aren't much decentralized, they are just mean to be easily transferable between exchanges I prefer coins like bitUSD or bitCNY which are backed by bitshares, usable in his decentralized exchange, and even start to be used by other exchanges like aex I think it worth noting there is also other pegged-coins on the bitshares (bts) network, like bitGOLD and bitSILVER. A good way to invest into metals without having to store it  |
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Nowadays bitcoin market cap is 155Bln, and was more a few weeks ago 400Mln represents 0.26% of it It didn't has much impact on the price That is simple and effective mathematic logic... not that simple. A sudden influx of 400mln causes many weak hands to fold, which increases the amount. This effect keeps on perpetuating itself, dragging the price down. bitcoin is know for is high volatility, it is usual for it to do +/- 5% moves in less than one hour. We see this several times in a day let's say bitcoin is at 9500$ and drop 0.26%, this represent 25$now bitcoin would be at 9475$this has almost no effect on the price If spoofy has this kind of amount who knows what he could do with the price of bitcoin. bitcoin market cap is more than the double of PayPal (155Bln VS 70Bln) spoofy never manipulated "the price of bitcoin", he was simply doing wash trades on bitfinex that was affecting the spread for a few minutes/seconds bitcoin is simply extremely hard to manipulate. It is an excuse of the past, a buzzword, a word to blame another instead of assuming your own bad trading strategy |
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Nowadays bitcoin market cap is 155Bln, and was more a few weeks ago 400Mln represents 0.26% of it It didn't has much impact on the price That is simple and effective mathematic logic... |
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Hello,
As far as I know, an arbitrage is a two-dimensional transaction that increases the number of coins on each exchange without having to transfer money.
For example,
Assuming that both A and B exchanges have BTC and ETH of 1 BTC and 12 ETH, respectively, with a total of 2 BTC + 24 ETH,
At any moment
A exchange 1BTC = 12ETH
B Exchange 1BTC = 13 ETH
We sell 12 ETHs on A exchange and buy 1BTC to become 2BTC total.
I buy 1 BTC at B exchange and purchase 13 ETH to become 25 ETH total.
The result is 2BTC + 24ETH and 2BTC + 25ETH.
There are blind spots here,
1. Because the bots will soon disappear, premiums must be traded quickly and individuals can not trade on their own. (4 ~ 5% of transactions, even within a few seconds, actually 3% profit due to time difference)
2. A few foreign exchange accounts (Korea, Japan, etc.) must be opened in advance, and coins must be deposited in a number of cases.
3. Mental problems, volume problems, troubles of using OTP, etc.
as you know
I already use this arbitrage to bite the difference.
The only way people can eat is to use things like reminders.
There are several alerting services in telegrams such as @cryptomarketalert_bot and @panicwatch.
It's also on Twitter and the website.
However, I am wondering how much I can really profit from the blind spots I wrote above.
I guess that there are a lot of bots for arbitrages so I'm not sure if individuals can make it.
If you have a good idea, I want to share it.
If by "individuals" you mean doing arbitrage without a bot, yes you still can, on low market cap alts. If you spot a good spread it can go up to 30% profit. However those kinds of opportunities are rare and hard to find If you really want to do arbitrage in a serious and consistent way, you have to have a bot there is a few open source bitcoin arbitrage bits on the internet, however due to API changes they might be outdated you should write a bot that looks for good opportunities on the market then one that make the arbitrage Coding this is trivial for most of the developers, there is no barrier for anyone who know how to program |
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Sia is laying on a old support from last summer and is extremely oversold on the daily chart, like most of the altcoins. That would explain the sudden spike from today, that should continue until the rsi rise above 30.
But the most interesting for SC this year is that Nebulous are going to get it on the ground of real world usage, instead of focusing only on code-side development.
As stated by their road map:
Sia becomes production-ready for cold storage, begins to be used by companies, and introduces file sharing.
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hi, can you suggest what altcoin is the best for short term trading? because i wanted to trade other altcoins while im holding some other coins.
Short term trading is dangerous and I don't think it is the best way of getting money. However, I can advice you to take a look at "Hertz", it's a token on the bitshares blockchain, the price is programmed to vary in a sinusoidal way. It's possible by being backed by BTS. Be sure to read the white paper and understand it before getting involved |
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aex have a LOT of downtime, it seems above 50%...
hard to use in a smooth way
although I didn't have withdrawal problems when I'm able to request them
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Yep if the liquidity increases too much and the spreads are reduced to nothing, this current bot won't be able to earn so much. It's just coded to stop trade on any too liquid altcoin. I have the project of making another type of bots for really liquids markets (like USD BTC) but it will take some time to finish it.
So I guess it's "spread bot", what you'd call a dealer in traditional stock markets that's interesting because I was thinking about coding one, there is plenty of not-so-much liquid market on medium market cap coins but you still have to guess how the market will "move": will people tend more to sell at your bid or to buy your ask. how do you manage that without human supervision? |
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I mainly swing trade altcoins, first because I think bitcoin is not sustainable (POW, miners war, slow implementation/out-dated tech.), next because alts are going to provide a much higher ROI, if you know what you are doing.
This mean mainly:
- sticking only with good projects that are reflecting great FA, and an overall bullish future
- get a good entry: looking for long term supports, wickoff cycles, accumulation phases. And be patient
- doing my daily TA check, rebalance portfolio by buying the coins that had weak rally with those that are overbought
- keep in mind that after big rallies, there is bear time: always look for a possible top, and sell a big part of my portfolio when I get strong signs of reversal
- wait for a new entry
a total cycle can take 3-6 months
Confidence in the project, TA, risk & emotions management are the keys, along with knowledge and experience
I want to point out the most important points by order: knowledge, make you dare to make the experience, that will bring you confidence
Those three points bring synergy between each other
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Hi everyone! I would like to present you my trading bots. Their objective is too make small trades on the short term (some minutes or some hours), on alcoins with a correct volume and with a potential to moon (kind of failed these last weeks  ) Anyway, here is the sum of my daily P&Ls on various altcoins (knowing that I earn less than that because the altcoins i'm generating as a reserve with the bots are plunging since I started). I started mid February (on this version of the bot) with 0.75BTC and now, although almost all the coins have plunged, I have 0.92BTC (without taking any short position).  Don't hesitate to comment if you have suggestions on how to avoid this P&L halving due to the fluctuations of the altcoins. Or if you have any question, I would be happy to give advices if you want to create your bot. If everyone does it, we'll have more volume, more liquidity and more stability on the cryptocurrencies ! Surely the most interesting thing would be to know what algorithm you are using. Making it fully open-source would even better: sharing is caring, and like you said, it would increase (at least by a little) global liquidity, notably if it use limit orders. Doing market makers bots for small markets with big spread would also be great and healthy for the corresponding markets. With a good strategy, and, if needed, human supervision, it can prove very profitable. overall, congratulations for what you have achieved but I think you need to disclose a lot of more specific details: does it short? does it market buy? what's the underlying algorithm? have you back tested it? are you confident it would never fail? what are the exact markets you've used it on so far? any idea to make it more safe/successful? |
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