goldsun
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November 05, 2015, 12:05:05 PM |
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For those of you who do a bit of daytrading, do you sell and buy in the exchanges, like bitstamp or not? Isn't it risky, when something like MtGox could happen? I want to hear some thoughts on this!
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rich93
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Activity: 595
Merit: 101
Chromia - Relational Blockchain
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November 05, 2015, 12:09:58 PM |
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For those of you who do a bit of daytrading, do you sell and buy in the exchanges, like bitstamp or not? Isn't it risky, when something like MtGox could happen? I want to hear some thoughts on this!
Yes it's risky on the high volume exchanges, and there is always the risk they could get hacked and you lose the lot. Coinbase is insured, but lower volume than the bigger exchanges, and they have more restrictions on what you are allowed to do with your coins. Gemini is also insured but has extremely low volume, though it might go up.
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goldsun
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November 05, 2015, 12:12:24 PM |
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For those of you who do a bit of daytrading, do you sell and buy in the exchanges, like bitstamp or not? Isn't it risky, when something like MtGox could happen? I want to hear some thoughts on this!
Yes it's risky on the high volume exchanges, and there is always the risk they could get hacked and you lose the lot. Coinbase is insured, but lower volume than the bigger exchanges, and they have more restrictions on what you are allowed to do with your coins. Gemini is also insured but has extremely low volume, though it might go up. Thank you for the answer. What about btc-e and bitstamp? In what volume will things get risky? Like 100 bitcoins, 1000 or even a few, like 10?
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rich93
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Activity: 595
Merit: 101
Chromia - Relational Blockchain
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November 05, 2015, 12:19:09 PM |
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For those of you who do a bit of daytrading, do you sell and buy in the exchanges, like bitstamp or not? Isn't it risky, when something like MtGox could happen? I want to hear some thoughts on this!
Yes it's risky on the high volume exchanges, and there is always the risk they could get hacked and you lose the lot. Coinbase is insured, but lower volume than the bigger exchanges, and they have more restrictions on what you are allowed to do with your coins. Gemini is also insured but has extremely low volume, though it might go up. Thank you for the answer. What about btc-e and bitstamp? In what volume will things get risky? Like 100 bitcoins, 1000 or even a few, like 10? Nobody knows who runs btc-e and I think it might have been hacked a long time ago, but they paid everyone what they were owed and it's still running now. However it's a very low volume exchange. A hundred Bitcoins could make a big swing in price there. Bitstamp has also been hacked, but paid everyone back, and we know who owns it. It was the highest volume exchange until the hack, then it lost it's place to Bitfinex, but now they probably share the top place for USD volume exchanges, It takes thousands of Bitcoins to swing the price on either of those exchanges.
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JustAnotherSheep
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November 05, 2015, 12:27:47 PM |
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For those of you who do a bit of daytrading, do you sell and buy in the exchanges, like bitstamp or not? Isn't it risky, when something like MtGox could happen? I want to hear some thoughts on this!
Yes it's risky on the high volume exchanges, and there is always the risk they could get hacked and you lose the lot. Coinbase is insured, but lower volume than the bigger exchanges, and they have more restrictions on what you are allowed to do with your coins. Gemini is also insured but has extremely low volume, though it might go up. Thank you for the answer. What about btc-e and bitstamp? In what volume will things get risky? Like 100 bitcoins, 1000 or even a few, like 10? Any volume, doesn't matter. If the exchange goes to shit you lose your account, whether it has one bitcoin or a thousand, so never keep more than you can afford to lose. As for which of the two is better, I personally prefer Bitstamp as they seem more serious and less shady than btc-e. Although 'stamp has previously gotten hacked and btc-e afaik hasn't, so there's that. edit: according to post above me they've both gotten hacked. I mainly trade on OKCoin, the degenerate that I am Note though that Chinese exchanges are probably the shadiest and riskiest, with the trade-off being by far the most liquidity, best fees and margin options.
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Is it a bull? Is it a bear? No, it's just another sheep.
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rich93
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Activity: 595
Merit: 101
Chromia - Relational Blockchain
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November 05, 2015, 12:52:28 PM |
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I wasn't involved in Bitcoin in 2012, I only remembered an old timer who said btc-e had been hacked years ago. As memories can be unreliable I checked, and found this post about it. They paid everyone back out of their own pockets, and the exchange is still running three years later. From https://btc-e.com/news/81: Dear users of the Exchange Btc-e.com The exchange is not going to close. We will refund all losses from our reserves. Neither the servers nor the database were compromised. There were no SQL injections. At 04:07 MSK (GMT+4) our LR API Secret Key was compromised. It's 16 uppercase, lowercase letters and digits. They may have bruteforced it for long. Using the key the hacker imitated LR deposits from many accounts and bought up Bitcoins, Namecoins and Litecoins. We lost our daily volume, approx. 4500 BTC. The attacker couldn't withdraw more as most BTC were distributed over several offline wallets. At 10:30 we restored the database to the state it was at 04:00, right before the attack. All trades after 4:00 are reverted. People who attempted withdrawals before 04:00 MSK will get their funds withdrawn later today. For people who deposited BTC, LTC and NMC after 04:00 MSK the funds will be put to their balances before market opens. We are working on the scripts for this. If you deposited USD after 04:00 MSK you should send us your login, amount and payment system used by email or PM. Our plan: 1. The trade will be disabled until we restore the balances to the point before market crash. 2. After that, the trade and deposit/withdrawal will be back on, approx. within 1-2 days. Icq - 610112128 Skype - btc-e.support E-mail - support@btc-e.com
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snowdropfore
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November 05, 2015, 01:31:39 PM |
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I decline to analze this. The multi year Great 3 has been started. can someone explain this,what does it mean?
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lebing
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Enabling the maximal migration
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November 05, 2015, 01:51:09 PM |
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Luc, I hope you got back in on one of these drops down to 360ish. Hope to see you again my friend.
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Bro, do you even blockchain? -E Voorhees
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CoinBurner
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November 05, 2015, 01:53:15 PM |
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can someone explain this,what does it mean? TENET = seems latin translation of HODL
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dothebeats
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November 05, 2015, 01:55:24 PM |
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What happened to masterluc? Why is the name of the thread changed?
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TaaviK
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November 05, 2015, 02:04:51 PM |
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My deep gratitude for your wisdom throughout the years. You are a teacher. I await your future reincarnation.
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Fatman3001
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Make Bitcoin glow with ENIAC
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November 05, 2015, 02:11:23 PM |
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Of course it may pop at some point, then recover, but there wasn't even 4rd wave since 240. All this is the local 3rd.
Anyway, this is above my skillz. I waited this great 3, it comes suddenly. I quit. Bye guys. Analysis ended.
Ok, toodles! Soak up that sun for us. AND BUY A BOAT!!!
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"I predict the Internet will soon go spectacularly supernova and in 1996 catastrophically collapse." - Robert Metcalfe, 1995
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StarenseN
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November 05, 2015, 02:14:42 PM |
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Analysis never ends is the motto. Then never end!
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ImI
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November 05, 2015, 08:12:48 PM |
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Analysis never ends is the motto. Then never end!
he is just frustrated that it went way faster than he had planned and caught him on the wrong foot.
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Morecoin Freeman
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November 05, 2015, 08:30:12 PM |
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''All good things must come to an end.'' - Morecoin Freeman
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Ask the stranger he knows who you really are.
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Chef Ramsay
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November 05, 2015, 08:49:36 PM |
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There's something quite spooky that's come over this thread, almost as if it's haunted at this point. The tone of his "peace out" just seems so ominous on one hand and yet so grandiose on the other. Like some Phantom of the Opera type of shit.
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lunarboy
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November 05, 2015, 09:25:06 PM |
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Here Endeth The Analysis.
Here Begineth The Glorious Wave Three.
Tips hat in your general direction Master Luc
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jehst
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November 05, 2015, 09:35:56 PM |
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can someone post a chart of what wave 3 would look like?
we're talking about "[III]" correct? as in the "supercycle"? or are we talking about [3] (primary)
i'm confused. i wish he would've left a big picture chart
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Year 2021 Bitcoin Supply: ~90% mined Supply Inflation: <1.8%
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