Trading tips for cryptos

[PhoneBloks]

Hello all,

after lot of successes with my past trading I created this topic and I am willing to share next crypto currencies trade tips.

I try to find most undervalued crypto. I look at

- current hashrate vs historical hashrate
- current difficulty vs historical difficulty (and its trend)
- price per difficulty ratio
- mining profitability
- volume
- current strenght of all orders (i use cryptsy)

https://www.cryptsy.com/users/register?refid=24499
(thanks for using my refferal link)


But enough plain talking ... only last week I started make posts about my trades to have proofs I really trade and time and date when I buy and when I sell

GLX - Galaxycoin

https://bitcointalk.org/index.php?topic=246679.msg3925829#msg3925829

bought at 950 sold at 1750, net gain 80 % in 2 days



PHS - Philosopher stone

https://bitcointalk.org/index.php?topic=292720.msg3926595#msg3926595

bought at 8600-8900 ... sold at 14900-16900, net gain 70 % in 1 - 2 days


NBL - Nibble

https://bitcointalk.org/index.php?topic=209035.msg3940578#msg3940578

http://i40.tinypic.com/vzgght.png

bought at 5616 ....sold at aprox 11000 ... net gain aproximately 70 % (could have had more ..nevermind)



I prefer buying small volumes, but continuously for some time period (1 hour - 5 hours). I dont want price bump and dump, and panic at the market.

Am I lucky or does my volume move the market ? You decide ....

If someone is interested in my next trade tips, PM me ... and any donations are accepted and welcomed

btc wallet - 1GBhHH1iUDVRktPsrxcsW62k9cmRNSuBqw
cryptsy trade key: 70b4bdacf80bdbcf66044f68d7d666504fcd70c2

This is NOT self-moderated thread - keep in mind that

[muddafudda]

You idiot price rise has been from increase in interest.

[PhoneBloks]

You idiot price rise has been from increase in interest.

ok you stupid moron, so get out of my topic and dont spam here ... I have more bitcoins there, than you will be able to mine for all your life so I have solid part of overall "interest"

[lonesoul]

in the UK this is called a humble brag ;-)


Also can't answer your question about if your volume effects the market because you haven't included the volumes >.<

But anyway, nice one on making a profit :0)

[PhoneBloks]

in the UK this is called a humble brag ;-)


Also can't answer your question about if your volume effects the market because you haven't included the volumes >.<

But anyway, nice one on making a profit :0)

dont worry about my volumes

thanks

[lonesoul]

in the UK this is called a humble brag ;-)


Also can't answer your question about if your volume effects the market because you haven't included the volumes >.<

But anyway, nice one on making a profit :0)

dont worry about my volumes

thanks

lol could you edit it out of the big blue question in your original post please for me it came across as the main part of the thread :-D (that could just be me reading it wrong but with it big and blue its hard for me not to think so.)

careful trading over the weekend, normally things go a bit mental it can swing wildly so make sure you take precautions :-)

[PhoneBloks]

in the UK this is called a humble brag ;-)


Also can't answer your question about if your volume effects the market because you haven't included the volumes >.<

But anyway, nice one on making a profit :0)

dont worry about my volumes

thanks

lol could you edit it out of the big blue question in your original post please for me it came across as the main part of the thread :-D (that could just be me reading it wrong but with it big and blue its hard for me not to think so.)

careful trading over the weekend, normally things go a bit mental it can swing wildly so make sure you take precautions :-)

omg ok no problem here ...... Here ..... Here ..... Here .....

thanks for "weekend" advice .. I keep in mind that .. but if market offers me good buy or sell price. ..why not to grab opportunity ?

[Palmdetroit]

Phonebloks notified PHS on the thread before he was buying, so that is quite a decent thing to do.

although difficulty and profitability are more complex with a coin that uses PoS and PoW.

https://www.cryptsy.com/markets/view/86

[tangle]

Nope. He mentioned he bought at 8600, but PHS minimum price today was around 13000. He could've bought from 12/9/13 to 12/11/13

[Palmdetroit]

Nope. He mentioned he bought at 8600, but PHS minimum price today was around 13000. He could've bought from 12/9/13 to 12/11/13

He posted I think the 11th  , entry is visable on chart around same time? and exit was last night.
https://bitcointalk.org/index.php?topic=292720.msg3926595#msg3926595

[PhoneBloks]

Palmdetroit
I also sent you PM when I started buying ... price was 8600 you can check it

Nope. He mentioned he bought at 8600, but PHS minimum price today was around 13000. He could've bought from 12/9/13 to 12/11/13

2013-12-11 16:30:29   Buy   0.00008630

this is my first trade ... answer your question exactly





btw: I am out of NBL, sold everything ...

[iGotSpots]

Buy low, sell high. Genius! Sign me up for your book's preorder

[PhoneBloks]

Buy low, sell high. Genius! Sign me up for your book's preorder

Maybe Im just lucky ... ok no problem, will send you PM with my next trade 

[Palmdetroit]

Buy low, sell high. Genius! Sign me up for your book's preorder

and the trend is your friend.

Still he posted before and during the trade, and clean exit.

[CrytoEnthusiast]

Buy low, sell high. Genius! Sign me up for your book's preorder

Maybe Im just lucky ... ok no problem, will send you PM with my next trade 

I'm always interested in learning other trader's perspectives. Make sure to send me a PM as well, will you PB?

[tasorrog]

Thats some nice gains

My self i bought tons of ALF when thay where around 500 and sold at 750 and now just two days later thay are almost 2000 >.<

My biggest gain was probly when buying LTC at 7$ and selling at 38$ 

PM?

[pbody]

in the UK this is called a humble brag ;-)

Good to know theres a name for it. Thanks for sharing.

[FrictionlessCoin]

If you got a high mining profitability,  then the likelihood of it being dumped for BTC/LTC is much higher.

[PhoneBloks]

in the UK this is called a humble brag ;-)

Good to know theres a name for it. Thanks for sharing.

I dont need to "humble brag" how many "volume i own" but muddafudda was rude. I started topic where i would like to provide trade signals for FREE and he insulted me for nothing. I know that 95 % of all cryptos had solid gain last month, but there are still lot of things (factors) to keep in mind to avoid any money loss.

I didnt mention nothing about my account balance in first post, even in 2nd, I just mentioned " i own more then he will ever mine " yes it is little bit "humble brag-ing" but what would you write him ?

But forget muddafudda, forget my volume, I apologize, I dont feel I am "above mainstream" because of my "volume".

I am willing to share my ideas, my experiences (as I trade forex since 2007) any my future trades with everyone who is interested.

Lots of you (me either) bought some cryptos (or even bitcoin) at low and now have solid profits. My trading is little bit different. I think (maybe Im just lucky) that I can move some small markets.

There are 2 options how to do that.
a, start buying ... (more agressive)
b, hold position .... (less agressive)

a, start buying ... Example: I see price 5000 ... (real price is 0.0000000000005000, but for easing, forget zeros) .. and I start buying from 5000, until 7500 .... so I move market up by 50 %, and hope other traders will join me too, and hope some big player (who bought at 1000 lets say, for 100 btc) wont sell at 7500 if this happens, price can fall down heavily...but lets say this wont happen
So when other trades noticed (or their API) someone starts buying .. they join buying wave also, cause they also want to earn ... and price will rise even above 7500 .... but as i said, this is too risky for me

b, hold position ... therefore I prefer hold position. I choose undervalued crypto (details of undervalued crypto in 1st post), this undervalued crypto have to be small market with low volumes with low BTC orders, because we dont want to fight with "big players, big sharks" therefore If quark drops down by 40 % I wont start buying it before there is much more btc in market then we can imagine.

When I have undervalued crypto with low volume, i start buy it with a small volumes and hold position. What is holding position ? When I buy for 5000 - 5250 and price drops back to lets say 4980 .. i buy again .. I hold level 5000. When i see good opportunity to break level and push the price up (to 5300 - 5500) i would ... I try ... and maybe other traders join me maybe it will fall back to 5000. But ! ! ! I never try to break with a force. If I see big players there with big volumes ... I let them I wont fight when I am not 100 % sure I can win .. When I see I will have to spend lot of money to win fight, its not worth it

First and most important rule is protect my own capital.

If I am patient price will continuosly rise because other traders join my any my buys and undervalued crypto becomes stabilized and maybe overvalued, when Its overvalued I prefer selling my positions and ..get out as soon as possible as I am not gambler

I know I can lost high % of my balance, but if I sit down and do nothing I wont earn, I risk my capital but I risk it wisely.

[PhoneBloks]

If you got a high mining profitability,  then the likelihood of it being dumped for BTC/LTC is much higher.

I am not sure if I understand .. but

yes mining profitability is one of the most important indicators if currency is over/undervalued. if you have high revenue from mining, difficulty rising for last period and price is low .. then its higher chance price will rise.

If mining profitability is high, price high then its higher chance price will fall ? Why ? Beause lot of "miners" start selling their mined coins.


But please keep in mind I dont use words like "sure" "100%" "will rise" ..but .. i use higher/lower probability, because nothing is sure and nothing is 100% only taxes and death

Also keep in mind there should be external factors like... Very but very big players who join the market. I mean people/organization (chinesses ) who would like to invest 100 000 000 or more USD to drive price up. You cant predict those factors and they can drive price to crazy highs - like they did with BTC. BTC capitalization is 11 000 000 000 USD so therefore its market for biggiest players on Earth.