The Jet Cash coffee lounge thread.

[actmyname]

110 words is huge to do in a second. I probably can't think that fast though. Do they teach you do to that .

Typsey is also a paid service so I'm out already...

Drop into typeracer some time. It takes real sentences from various media (be it games, books, movies)From what I've heard, Trezor is king when it comes to the hardware wallets.

[jackg]

110 words is huge to do in a second. I probably can't think that fast though. Do they teach you do to that .

Typsey is also a paid service so I'm out already...

Drop into typeracer some time. It takes real sentences from various media (be it games, books, movies)From what I've heard, Trezor is king when it comes to the hardware wallets.

Might take a look at that one. I managed to fix my issues with a trezor, there's a button on the mew thing that says "show address on device" which I hadn't noticed.

It doesn't have many coins but since you can only use a limited number with ledger at once then it's quite good (although apparently ledger has a 100 application limit on the new version)...

[actmyname]

It doesn't have many useless coins

There are only a few that are really of significance outside of BTC and XMR.

Most coins are there for whatever reason. First-mover bias and FOMO, I guess.

[jackg]

It doesn't have many useless coins

There are only a few that are really of significance outside of BTC and XMR.

Most coins are there for whatever reason. First-mover bias and FOMO, I guess.

I've not used XMR, the coins I consider useful are probably BTC, LTC, ETH and maybe XRP (for its international use). Dash and Decred aren't bad but just seem to keep sinking. Everything else is pretty much useless.

[actmyname]

I've not used XMR, the coins I consider useful are probably BTC, LTC, ETH and maybe XRP (for its international use). Dash and Decred aren't bad but just seem to keep sinking. Everything else is pretty much useless.

Read into Monero, it's a very interesting coin.

There were also some that were focused on "pooling" computing power and cloud-drive space.

Most others are rehashes or stupid ideas (IOTA) that are completely unnecessary.

[Jet Cash]

I think Basic Attention Token ( BAT ) is a useful coin. It is community based, and rewards content producers, and those who are prepared to be paid to view selected advertising. It also supports the Brave browser with all its privacy and security features.

[jackg]

Just as I start longing on bitmex, the bitcoin price shoots down and liquidates me. The ltc price (which I was expecting to have a negative correlation with bitcoin and an equal correlation with the dollar) has also been liquidated... I expected btc to go up so my ltc would be safe but it seems I was wrong... I'll tell everyone when I use bitmex again so you'll know what direction the price will be going in (the opposite one to the position I have )...

I made a thread on a bear waves in the economics board, this is either a minor correction or a bear wave. Whatever it is, we have certainly had a summer from the prices at $4k.



I'm going to check out monero, is there a whitepaper?

[actmyname]

@jackg https://masteringmonero.com/

[Jet Cash]

I'm not doing any margin trading. I've got two wallet  classes- long term HODL wallets, and trading wallets. I only add to the HODL wallets. The trading wallets are used to speculate on the price of Bitcoin, and I buy when I think the price is going up, and sell when I think it has topped. If I'm holding Bitcoin when the price has dropped, then I don't sell at a loss, but move the coins into a HODL wallet, because I know the price will recover in the future.

I've been wrong far more times than I have been right. The latest case was when I took a 45% profit, and I should have waited to take a 145% profit. I've been sitting here with Sterling in my trading account, as Bitcoin went on its recent parabolic rise. It's just as well I'm taking a super cautious approach, and only dealing in actuals. I'm showing a reasonable profit at the moment, but it's a lot less than most of the guys I read about.

========>
I've just looked at Coinbase - the 1 hour candles. There was a £2,000 liquidation wick a while ago. We are certainly living in wild and interesting times. It's probably great for accumulation if you are cautious.

[Jet Cash]

I've made 5 trades over the last month or so, all of which were profitable. The net result is that my Bitcoin holding in this trading account is about 42% less than if I had just kept the initial Bitcoins purchased.

There must be some sort of moral there.

[crwth]

I think that's the ultimate decision that you have or maybe only me? The decision between these two

• Keep my Bitcoins safe in a hard wallet and just never touch it (unless you have to)
• Instead of keeping my Bitcoins in a hard wallet, trade it and get profits from time to time then store in a hard wallet.

In both cases, could be profitable IF Bitcoin changes prices and on the second case, if you are trading it well. I don't really know the right decision between the two I guess it depends on the person. Maybe a risk taker or not?

[actmyname]

In both cases, could be profitable IF Bitcoin changes prices and on the second case, if you are trading it well. I don't really know the right decision between the two I guess it depends on the person. Maybe a risk taker or not?

Isolate into a cold wallet and a trading wallet.

I would consider it either going with the flow or trying to steer yourself, rather than risk-taking or not.There are clear trends in certain scenarios which can provide a profit or mitigate losses. Perhaps not always due to the current nature of crypto, but the ev is high enough to induce pragmatic trades.

[Jet Cash]

I use Bitcoin core wallets for long term saving, and so far I haven't spent any coins from any of the addresses there. I put some "play" fiat money into a Coinbase pro account, and that is what hasn't made as much profit as my HODL accounts. I shouldn't complain really, as it has made a profit, and if I hadn't moved the money to Coinbase, it would be sitting in a zero interest bank account. Whenever I ended up with a Bitcoin balance with Coinbase, and I decided that selling it would make a notional loss, I just withdrew it into a core wallet. So for my efforts, I've made a bit of fiat profit, and I've added a few Satoshi to my long term stash. I'm still a long way from a Lambo though, even a second hand one.

[jackg]

In both cases, could be profitable IF Bitcoin changes prices and on the second case, if you are trading it well. I don't really know the right decision between the two I guess it depends on the person. Maybe a risk taker or not?

I go a bit differently with my trading strategy than most:

I have some funds in cold storage and hardware (proabably about 33%).
I have another 60% in now risk investments (mining, and altcoin holdings).
And the final 7% is set aside for riskier trades (often with leverage).

[Jet Cash]

Some of the golden rules I've discovered.

1. Don't keep your savings in an exchange account.
2. Don't speculate with more than you can afford to lose.
3. Don't beat yourself up if the price goes up after you have sold. Nobody ever went bust by taking profits.
4. You haven't made a profit or a loss until you sell, or close the position.
5, Don't follow the herd, and do your own research.
6. Don't use a dodgy exchange that won't let you withdraw your money.

[actmyname]

Some of the golden rules I've discovered.

1. Don't keep your savings in an exchange account.
2. Don't speculate with more than you can afford to lose.
3. Don't beat yourself up if the price goes up after you have sold. Nobody ever went bust by taking profits.
4. You haven't made a profit or a loss until you sell, or close the position.
5, Don't follow the herd, and do your own research.
6. Don't use a dodgy exchange that won't let you withdraw your money.

7. The best move when you're gambling is not to play.^*

_{* unless you are +ev... then play!}

[jackg]

8. The bitcoin price can move in different directions on different exchanges (this happens pretty regularly especially when. We're quite volatile).
9. Check your profits in btc and fiat. If one is higher than when you started, you're still in profit. If you're down £30 but up 0.01BTC then it's still a profit (or I tell myself that at least) .


My gambling strategy seems to yeild 25% profit on blackjack somehow (repeatedly)... I don't put much into it but its quite nice when I put a small amount on it.

[actmyname]

My gambling strategy seems to yeild 25% profit on blackjack somehow (repeatedly)... I don't put much into it but its quite nice when I put a small amount on it.

Don't want to be a buzzkill but you've been charmed by Lady Variance.Unless you're a counter, even basic strategy only drops HE to ~0.5% (with good rules)Certain combinations of rules are +ev for play, but you have to know the game quite well.

Uston's APC system is actually not too difficult after learning it for a bit.

[jackg]

I'm too lazy to walk into a casino and also don't want to be seen doing it - I used to work with kids so it just looks weird as I see them and their parents around the area.

For now I'm using online bitcoin based games and it's great because you can resize the chips well and work out when youre most likely to make something on it (I've read this can't be done at brick and mortar ones).

[actmyname]

For now I'm using online bitcoin based games and it's great because you can resize the chips well and work out when youre most likely to make something on it (I've read this can't be done at brick and mortar ones).

I'm not aware of anything online that is good for counters. The best I've played at still only gives a pittance of a return.

What are you playing on?