Alternative Cryptocurrencies (General Discussion & Trading)

Natas

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Yup. I'm not 100% sure it's definite, but people seem to be hoping it is. There's hardly any stability in alts right now, and the lower it goes the more stop loss sells kick in and it just pushes the price even lower causing more stop loss sells to kick in. One of mine kicked in last night...I'll either hold that btc and buy back in to alts a few days before the fork (if it happens), or else sell it for ZAR just before the fork if BTC is at an all-time high, then buy back into BTC once the fork is over and the inflated price plummets.

I leaning toward buying more alts when they're at an all-time low though. The potential gains in the coming months far outweigh the +-30% bitcoin will do in the coming weeks. What's everyone else doing with alts - holding or have you pulled out of anything?

I would love to manage my portfolio more actively... rebalance my whole portfolio when the time is right but its so admin intensive.. i have lots of coins at lots of exchanges / wallets.... is there a clever way to do this... other than shapeshyft... anyone tried Coinigy? What if anything do you use to track your portfolio... sorry... lots of questions...
 

Pakka

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I would love to manage my portfolio more actively... rebalance my whole portfolio when the time is right but its so admin intensive.. i have lots of coins at lots of exchanges / wallets.... is there a clever way to do this... other than shapeshyft... anyone tried Coinigy? What if anything do you use to track your portfolio... sorry... lots of questions...

Track your portfolio with a mobile app called Blockfolio - it works great, but might be a bitch to set up the first time.

Register on Bittrex to buy altcoins
 

Natas

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Track your portfolio with a mobile app called Blockfolio - it works great, but might be a bitch to set up the first time.

Register on Bittrex to buy altcoins

Used to use Blockfolio but now use the portfolio page on cryptocompare. Stopped using Blockfolio when it stopped accurately tracking my ANT's/NEO's which was my biggest holding at one point. Wondering if there is anything better out there.

I have accounts with like 10 exchanges including Bittrex..I have no idea where all my coins are and when I want to buy something, i have track my bitcoin down, which is usually scattered across exchanges. Wondering if here is a better way to manage buying some of the smaller alts which may be listed on a few exchanges but where the liquidity is concentrated on one exchange.. never used shapeshift because I am not sure of the fees and how the rate they give you is compared to market. thinking of trying Coinigy, one month free and then $15/per month thereafter
 

saor

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I would love to manage my portfolio more actively... rebalance my whole portfolio when the time is right but its so admin intensive.. i have lots of coins at lots of exchanges / wallets.... is there a clever way to do this... other than shapeshyft... anyone tried Coinigy? What if anything do you use to track your portfolio... sorry... lots of questions...
I track my portfolio on Blockfolio (android app) and also on tradingview (pretty much the same as coinigy but without buy/sell options). Set up alerts on blockfolio for major price action, and also place visual notes on tradingview / coinigy so that whenever I look at the charts I know where I stand. Regarding using coinigy to make buys/sells - I prefer doing that on the exchange, I'm not too keen on linking it to a 3rd party like coinigy. Get a free account at tradingview and start populating the charts for your assets with lines and notes.

Not sure why you're using services like shapeshift? If you hold a coin at an exchange and sell you've got btc again which you can send to another exhange.

As much as diversification is nice - it also helps to spend more on fewer assets rather than spending less on many assets. Else you end up having to track 10 things that aren't going to yield a huge return and it becomes a waste of your time. Also the things I've put a small amount into I'm not even bothered with for the next 6 months - let them grow and maybe they surprise.

Edit: I also mostly ignore coins on exchanges where I don't have an account - makes life easier. I'm registered on 4 or 5 now which is enough.
 
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srothman

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I've used eToro before, although not for crypto trading. Their support is really good, and I didn't have any issue pulling my funds out. It'll be interesting to learn how they handle crypto though.
 

Natas

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Anyone using eToro to trade altcoins? How do you withdraw your money?

Etoro trades, including for crypto's, is notional. You are taking a "position" and not buying the underlying asset. you would have to liquidate your position and then withdraw currency. You cannot, as example, buy Google shares or bitcoin, and then transfer them to your trading account / Bitcoin wallet...it a contract for difference basically......
 

Mike Hoxbig

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Etoro trades, including for crypto's, is notional. You are taking a "position" and not buying the underlying asset. you would have to liquidate your position and then withdraw currency. You cannot, as example, buy Google shares or bitcoin, and then transfer them to your trading account / Bitcoin wallet...it a contract for difference basically......

Yeah I don't really care about that - in fact when it comes to cryptos I actually see it as an advantage from a liquidity POV.

What if you buy some arb currency and struggle to sell it on an exchange?
 

Natas

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What if you buy some arb currency and struggle to sell it on an exchange?

Been there... done that... Which is also why places Etoro will only list the more liquid coins. They have added a lot more crypto pairs recently which is nice. I use Etoro if I think there is an opportunity to take advantage of short term price action.
 

saor

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Yeah I don't really care about that - in fact when it comes to cryptos I actually see it as an advantage from a liquidity POV.

What if you buy some arb currency and struggle to sell it on an exchange?
Why don't you just trade on the relevant exchanges?
 

Mike Hoxbig

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Why don't you just trade on the relevant exchanges?
How do you trade, say XRP, in SA without jumping through hoops? eToro makes it nice and convenient.

I don't need to own the underlying "asset" - I just want to buy something at the current price and maybe blast it in a year depending on how the price fluctuates...
 

Mike Hoxbig

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I don't really follow.
You buy btc here, transfer it to an exchange and buy XRP.
It's too much of an effort, I'm lazy :)

Same reason I didn't go the Luno to Jaxx route to buy ETH. Would rather just have one place where I can deposit, trade and withdraw...
 

saor

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Some nice buy orders being filled. Looking forward to November once all this nonsense is over.
 

saor

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As someone who has seen all my bittrex holdings plummet with the same drastic descent, and alts on other sites sitting somewhat stable - I'm not sure whether there's any truth to this at all:

Opinion: We’ve Found Anomalies on Bittrex.com

Disclaimer: This is the result of research done from the outside only, we have not interviewed anyone internally, nor do we have any solid facts from accounts of people. We are merely raising the q…

http://thecryptosyndicate.com/opinion-bittrex-anomaly/
 

akescpt

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Some nice buy orders being filled. Looking forward to November once all this nonsense is over.

dude. send me some btc. no money for sales :crylaugh:

im creating as soon as the btc hits. just hoping its not tracking further down. my orders are pretty low though.:eek:

even civic looks attractive at this price.
 
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