BTCMILLIONAIRE
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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. Hence, if you can buy it it's fucking garbage. Don't bother. If you want one and are rich enough to afford it hire a team of nerds and lawyers. If you're broke, become a nerd yourself and write your own. If you don't like either of these options, just forget it.
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Cryptotourist
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December 21, 2018, 12:02:09 AM |
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Have a good green dildo night guys
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d_eddie
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December 21, 2018, 12:19:31 AM |
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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. Hence, if you can buy it it's fucking garbage. Don't bother. If you want one and are rich enough to afford it hire a team of nerds and lawyers. If you're broke, become a nerd yourself and write your own. If you don't like either of these options, just forget it. I'd like some automation in the form of simple macro commands issued from a GUI or a command line, possibly scriptable. Something like "generate 4 sells spaced uniformly from X to Y, total amount x (btc or usd)", or "re-spread those 4 others over this new range, making them smaller the higher the price". A glorified Excel, basically, with specific tools to calculate liquidation points and projected P/L. No autonomous behavior except from what I put in ("trigger this buy only if P/L over all positions goes lower than z$, and only after that order's filled, put this other one in"). The thing might not even have API access to actually place orders; it might simply put the orders in a queue, where they would be hand picked by the human operating it. I'm pretty sure something like that must exist already, or it should not be that hard to concoct for programmers worth their salt. The most complex issue IMO is designing a workable user interface, graphical or textual.
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bitcoinminer42
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notorious shrimp!
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December 21, 2018, 12:20:55 AM |
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Have a good green dildo night guys That moment when u realize u just fucked up
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El duderino_
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BTC + Crossfit, living life.
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December 21, 2018, 12:21:03 AM |
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Hope so Going into HODLsleep mode..... Goodnight WO’s good little over morning toxic2040
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Toxic2040
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Hope so Going into HODLsleep mode..... Goodnight WO’s good little over morning toxic2040 Good night goose.
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goldkingcoiner
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Verified Bitcoin Hodler
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December 21, 2018, 12:36:21 AM |
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fuck it. I am wiping out half the orderbook We are obviously going down to 3.7k at least.... It was fun while it lasted
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BlackMambaPH
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December 21, 2018, 12:40:08 AM |
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So in short 20k is..................
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jojo69
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diamond-handed zealot
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December 21, 2018, 01:38:45 AM |
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schwiiiing
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HairyMaclairy
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Degenerate bull hatter & Bitcoin monotheist
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December 21, 2018, 02:07:36 AM |
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The real challenge still lies ahead around ~$4800. But look at those steadily growing green volume candles.
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goldkingcoiner
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December 21, 2018, 02:15:56 AM |
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Think we might see a nice cup and handle formation by mid january?
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HairyMaclairy
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December 21, 2018, 02:19:18 AM |
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Shorts remain stubbornly high. Think we might see a nice cup and handle formation by mid january?
That's a good point. Had not considered that. Are you thinking a cup and handle this side of the bear line with an attempted break out on the second round? Potentially that would be much sooner than mid Jan.
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sirazimuth
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born once atheist
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December 21, 2018, 02:26:05 AM |
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60% up in a day? (no not btc ..that other thing) Oh yeah, that's gonna last. Same old same old... what a frikkin joke. SMH. No wonder normal peeps laugh at crypto.
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gentlemand
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Welt Am Draht
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December 21, 2018, 02:30:16 AM |
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60% up in a day? (no not btc ..that other thing) Oh yeah, that's gonna last. Same old same old... what a frikkin joke. SMH. No wonder normal peeps laugh at crypto.
This time it's different. It's a new paradigm. Um, SHUT UP.
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goldkingcoiner
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December 21, 2018, 02:39:50 AM Last edit: December 21, 2018, 03:28:54 AM by goldkingcoiner |
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Ok hairy, check this out. My hypothesis: Have you ever heard of a cup in a cup in a cup? excuse my crappy charting.
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d_eddie
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December 21, 2018, 02:42:13 AM |
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60% up in a day? (no not btc ..that other thing) Oh yeah, that's gonna last. Same old same old... what a frikkin joke. SMH. No wonder normal peeps laugh at crypto.
I'm out of it already and thankful, but there's this itch mounting... short it again... short it again...
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HairyMaclairy
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December 21, 2018, 02:44:47 AM |
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UK HMRC chucks in its two pence: Only in exceptional circumstances would HMRC expect individuals to buy and sell cryptoassets with such frequency, level of organisation and sophistication that the activity amounts to a financial trade in itself. If it is considered to be trading then Income Tax will take priority over Capital Gains Tax and will apply to profits (or losses) as it would be considered as a business.
As with any activity, the question whether cryptoasset activities amount to trading depends on a number of factors and the individual circumstances. Whether an individual is engaged in a financial trade through the activity of buying and selling cryptoassets will ultimately be a question of fact. It’s often the case that individuals and companies entering into transactions consisting of buying and selling cryptoassets will describe them as ‘trades’. However, the use of the term ‘trade’ in this context is not sufficient to be regarded as a financial trade for tax purposes.
A trade in cryptoassets would be similar in nature to a trade in shares, securities and other financial products. Therefore the approach to be taken in determining whether a trade is being conducted or not would also be similar, and guidance can be drawn from the existing case law on trading in shares and securities. Lots of other stuff in there about airdrops and forks https://www.gov.uk/government/publications/tax-on-cryptoassets/cryptoassets-for-individuals
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HairyMaclairy
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December 21, 2018, 02:48:20 AM |
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Have you ever heard of a cup in a cup in a cup?
Looks reasonable to me, although I would be very surprised if we stayed above $6k in a sustainable way before late 2019. $6k is our ceiling in my mind for most of 2019 - and we may not even get there.
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yefi
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December 21, 2018, 02:53:46 AM |
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UK HMRC chucks in its two pence: Only in exceptional circumstances would HMRC expect individuals to buy and sell cryptoassets with such frequency, level of organisation and sophistication that the activity amounts to a financial trade in itself. If it is considered to be trading then Income Tax will take priority over Capital Gains Tax and will apply to profits (or losses) as it would be considered as a business. It's definitely good news for us blighties. Income tax is crippling for large sums.
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