Alternative Cryptocurrencies (General Discussion & Trading)

[saor]

@Saor - where are you reading/who are you following?

coinmarketcap.com

Trending -> Gainers & Losers and pick a few coins/tokens (both gainers and losers) with some decent volume over the past 24 hours.
Open them in new tabs and immediately close those with:

* no exchange listings where I have accounts (I've already got accounts at a few exchanges, don't need more)
* no active social media tabs (twitter or reddit)
* sometimes those with a supply that's far too high

Take the remaining projects & check out their websites and see if the project has utility, is good for long-term.
Then check out the charts and see what the price is like, what the volume over the past few weeks looks like.

The reason for looking at CMC's gainers and losers is that new projects with a low price get affected very quickly by money going in or out - and often the teams of these projects will invest their own money, or have business partners investing into their projects - so the % increase is often a sign of trading volume going into something very early on.

So this increase in volume & price here might have registered as one of the % gainers on CMC:


And even though it looks like the most boring thing to buy right now - the charts are level and it had a brief blip on CMC,
a few weeks or months down the line when it looks like this you'll be in before 90% of people & pump/signal groups...


I'm also on bitcointalk forums occasionally, as well as in a few Telegram groups of projects I've either bought into or am helping out with and I'll occasionally see someone mention something that I'll go check out. The only crypto person I'm sometimes watching is datadash on youtube - seems like a down-to-earth dude and he does some nice in-depth project reviews.

 

[Niner]

Brilliant answer, thanks! I'll do some reading.

 

[Soprono]

coinmarketcap.com

Trending -> Gainers & Losers and pick a few coins/tokens (both gainers and losers) with some decent volume over the past 24 hours.
Open them in new tabs and immediately close those with:

* no exchange listings where I have accounts (I've already got accounts at a few exchanges, don't need more)
* no active social media tabs (twitter or reddit)
* sometimes those with a supply that's far too high

Take the remaining projects & check out their websites and see if the project has utility, is good for long-term.
Then check out the charts and see what the price is like, what the volume over the past few weeks looks like.

The reason for looking at CMC's gainers and losers is that new projects with a low price get affected very quickly by money going in or out - and often the teams of these projects will invest their own money, or have business partners investing into their projects - so the % increase is often a sign of trading volume going into something very early on.

So this increase in volume & price here might have registered as one of the % gainers on CMC:
View attachment 488336

And even though it looks like the most boring thing to buy right now - the charts are level and it had a brief blip on CMC,
a few weeks or months down the line when it looks like this you'll be in before 90% of people & pump/signal groups...
View attachment 488338

I'm also on bitcointalk forums occasionally, as well as in a few Telegram groups of projects I've either bought into or am helping out with and I'll occasionally see someone mention something that I'll go check out. The only crypto person I'm sometimes watching is datadash on youtube - seems like a down-to-earth dude and he does some nice in-depth project reviews.

What platform are the above screen caps from? Iv been look for a decent place that supports buy and sell limits. I could be wrong but I cannot see a place on binance where you can “short” a market

 

[Soprono]

coinmarketcap.com

Trending -> Gainers & Losers and pick a few coins/tokens (both gainers and losers) with some decent volume over the past 24 hours.
Open them in new tabs and immediately close those with:

* no exchange listings where I have accounts (I've already got accounts at a few exchanges, don't need more)
* no active social media tabs (twitter or reddit)
* sometimes those with a supply that's far too high

Take the remaining projects & check out their websites and see if the project has utility, is good for long-term.
Then check out the charts and see what the price is like, what the volume over the past few weeks looks like.

The reason for looking at CMC's gainers and losers is that new projects with a low price get affected very quickly by money going in or out - and often the teams of these projects will invest their own money, or have business partners investing into their projects - so the % increase is often a sign of trading volume going into something very early on.

So this increase in volume & price here might have registered as one of the % gainers on CMC:
View attachment 488336

And even though it looks like the most boring thing to buy right now - the charts are level and it had a brief blip on CMC,
a few weeks or months down the line when it looks like this you'll be in before 90% of people & pump/signal groups...
View attachment 488338

I'm also on bitcointalk forums occasionally, as well as in a few Telegram groups of projects I've either bought into or am helping out with and I'll occasionally see someone mention something that I'll go check out. The only crypto person I'm sometimes watching is datadash on youtube - seems like a down-to-earth dude and he does some nice in-depth project reviews.

Ps Very good analysis and narrowing down on your coin selections. Well done on those returns too!

 

[saor]

What platform are the above screen caps from? Iv been look for a decent place that supports buy and sell limits.

Those charts are from Tradingview.com

Binance limit buy/sell:

 

[Soprono]

Alternative Cryptocurrencies (General Discussion & Trading)

Those charts are from Tradingview.com

Binance limit buy/sell:

View attachment 488340

Ahh was wondering, I’m a pro user on Tradingview for my Forex charts and all the other Crypto Exchanges have such a crap version of the API from Tradingview IMO.

Thanks I’m just waiting on the account approval from Binance on my supporting docs before funding

 

[Cicero]

Those charts are from Tradingview.com

Binance limit buy/sell:

View attachment 488340

I am blown away by Binance, but most specifically their mobile app. To be able to make trades on my phone is a HUGE advantage, especially when things move so fast in the crypto world. Having to wait for access to a PC just doesn't cut it.

 

[Soprono]

Now let’s hope the approval process isn’t to bad, Bitfinex was horrid slow to get everything going.

 

[saor]

Now let’s hope the approval process isn’t to bad, Bitfinex was horrid slow to get everything going.

Afaik you can still trade without approval. There's just a limit on how much you can withdraw.

 

[Cicero]

Afaik you can still trade without approval. There's just a limit on how much you can withdraw.

Correct, unverified its 2BTC daily.

 

[lunch]

coinmarketcap.com
* no exchange listings where I have accounts (I've already got accounts at a few exchanges, don't need more)

This is the only part I disagree with. Alts tend to explode when they're put on major exchanges - if you can only get them on ****ty or obscure exchanges but there are plans to get listed on major ones that could be a good indicator that the price will go up. Do you think I wanted to register on CoinsMarkets? No ways, but as of right now (and not for long mind you) you can't buy Electra anywhere else

 

[saor]

This is the only part I disagree with. Alts tend to explode when they're put on major exchanges - if you can only get them on ****ty or obscure exchanges but there are plans to get listed on major ones that could be a good indicator that the price will go up. Do you think I wanted to register on CoinsMarkets? No ways, but as of right now (and not for long mind you) you can't buy Electra anywhere else

For sure.
Look if someone told me about something I'd register, but just for filtering out random CMC listings it makes my life easier. And I say that as someone who has accounts on yobit, mercatox & uses etherdelta (I really like using ED). Your point about getting in early before big exchanges is spot on - these smaller exchanges can be golden opportunities.

 

[lunch]

I love ED too. Most people complain about it but it's honestly the exchange I feel most comfortable on and have done most of my trading there. YMMV

 

[saor]

Lulz.
Received 65 of these in an airdrop..price now over $10.
Nice little xmas bonus.
Now have them staking in the wallet they just released.

 

[saor]

I love ED too. Most people complain about it but it's honestly the exchange I feel most comfortable on and have done most of my trading there. YMMV

I really like how you can keep on throwing orders into the order book: It sometimes turns into an interesting bidding war on there. There's also sometimes some huge spreads on new tokens: Can literally put in a bid, have it filled and sell again with a new ask order and almost double your money. And that text-based interface .

 

[Soprono]

Alternative Cryptocurrencies (General Discussion & Trading)

So I see the best way around Binance is to fun Litecoin or ETH then into the coin you choose to go with.

When it comes to actually depositing into the address they give you what do you guys use for that step?

Do I understand correctly by saying one would use Luno to fund, then transfer into the wallet Binance gives you then your good to go trading?

Excuse the noobness here

 

[lunch]

Lulz.
Received 65 of these in an airdrop..price now over $10.
Nice little xmas bonus.
Now have them staking in the wallet they just released.

View attachment 488370

Nice one, Hawa.la actually looks solid. How does the staking work exactly, I'm curious. Your wallet needs to be 'open' right? I assume this is facilitated by the wallet software itself. Also what happens if your pc turns off or your internet connection goes down :?

 

[lunch]

I really like how you can keep on throwing orders into the order book: It sometimes turns into an interesting bidding war on there. There's also sometimes some huge spreads on new tokens: Can literally put in a bid, have it filled and sell again with a new ask order and almost double your money. And that text-based interface .

The confusing interface is my favourite part haha. The number of people that screw up order values and/or have fat fingers seems to be way higher on ED than other exchanges. The only downside is that every time it happens my blockfolio alerts trigger and it starts telling me that I'm a millionaire -_-

 

[saor]

Do I understand correctly by saying one would use Luno to fund, then transfer into the wallet Binance gives you then your good to go trading?

Excuse the noobness here

See here: https://mybroadband.co.za/vb/showthread.php/927014-Guide-to-buying-altcoins-on-international-exchanges

My preference would be to buy ETH locally, then send to Binance to trade with.
Cheaper and quicker than bitcoin in most cases.

 

[saor]

Nice one, Hawa.la actually looks solid. How does the staking work exactly, I'm curious. Your wallet needs to be 'open' right? I assume this is facilitated by the wallet software itself. Also what happens if your pc turns off or your internet connection goes down :?

Hawala is a bit strange.

You import your HAT-containing myetherwallet account into the Hawala wallet...that whole process is a bit suspect as it requires your private myetherwallet keys. What I did was create a new myetherwallet account, put my HAT and some ETH in there for gas then imported that new wallet into the Hawala wallet. I think all the Hawala wallet does is periodically check the balance of MEW, and if your HAT is still there after 3 days you start getting rewards.

I'm not really sure that Hawala is true staking in the way it would be if the funds were actually stored in the wallet.
The fact they're asking for myetherwallet private keys is a huge red flag imo.