The Bitcoin Thread

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_kabal_

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crawler said:
Very well done

How long have you been trading?

I have 1 question though. When do you know when to sell?
Let's say I made 100% profit, and I then sell, but then can't buy that coin for as cheap again, feels if it's better just to hold even longer... Still trying to wrap my head around when to sell. For now hodl.

And then if you did make good profit, how do you get the next great coin at a decent price again
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I am no expert. Just a “hobbyist” with an brain (hopefully)

Set sell targets, up and down.
Take profits on the way up.
Stick to your guns.
The actual price doesn’t really matter. What matters is that you buy the dips and sell the tops. The absolute top and bottom doesn’t matter - sure, you will miss out, but profit taken is better than maybe taking profit.

As a simple example, add 10% to 10000, 10 times. It is around 3x. Easier said than done, but this can work in any market/coin. Finding 3x holds is a bit more tricky.
 
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SaiyanZ

SaiyanZ

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schumi said:
Slight jump to 11k
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Yeah and it took a whole 15 minutes to go from below $10k to over $11k.

I'm also surprised how busy Luno is at this time. Lots of little orders going through every second. Normally this late at night it's completely dead with maybe an order a minute.
 
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John Tempus

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Some additional information to take into consideration. It is very likely the current big market dumps is effectively done by a single entity looking at how it seems to be blocks of BTC being dumped straight into market and not limit orders for the most part.

This goes along rather conveniently with the fact Bitconnect initial close down due to "maintenance" occurred a few hours before the dumping started to run away since 48hrs ago. Then they popped back up announcing closure of the SCAM, I mean service.

The current market selloffs does not reflect to me at all as thousands of seperate sellers but by far majority of the selling from single entity on a single accounts on multiple exchanges or multiple split accounts.

So to me this suggest once Bitconnect selloff their exit scam BTC the market will recover quite rapidly by this week sunday, likely back to the previous $13k-$14k range.
 
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Messugga

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John Tempus said:
Some additional information to take into consideration. It is very likely the current big market dumps is effectively done by a single entity looking at how it seems to be blocks of BTC being dumped straight into market and not limit orders for the most part.

This goes along rather conveniently with the fact Bitconnect initial close down due to "maintenance" occurred a few hours before the dumping started to run away since 48hrs ago. Then they popped back up announcing closure of the SCAM, I mean service.

The current market selloffs does not reflect to me at all as thousands of seperate sellers but by far majority of the selling from single entity on a single accounts on multiple exchanges or multiple split accounts.

So to me this suggest once Bitconnect selloff their exit scam BTC the market will recover quite rapidly by this week sunday, likely back to the previous $13k-$14k range.
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Why on earth would they do a dump to this extent, in effect destroying a massive chunk of the value of their takings? Also, cash can be tracked. Btc is much harder. If you are concerned that authorities are coming after you, surely you'd want to have the btc spread across various wallets and other currencies instead of sitting in bank accounts?
I'm not convinced your theory holds.
 
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*SynergyX*

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How goes the hodling....

Sort of like hodling a bag of ****....but you don’t know there’s **** in the bag yet
 
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insom

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JaseZA said:
I would love to see a graph comparing the USD price to the luno price of bitcoin today. Luno has been wild! I'm not complaining because there has been good money to make trading, but still, wild!
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A bit late... ask, and you shall receive.

(data is 5 min intervals. USD is Bitstamp, ZAR is Luno)

BTC-ZAR-USD.jpg
 
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insom

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blah99 said:
Where did you get that graph from?
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It's my own. I have a function on Azure collecting some tickers every 5 minutes, and a (bad) website for me to see the graph. I still need to change the site to allow you to pick what graphs you want to see. And its friends and family only because the free website tier of Azure is tiny, and the DB is the tiniest cheapest option to.
 
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JaseZA

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insom said:
A bit late... ask, and you shall receive.

(data is 5 min intervals. USD is Bitstamp, ZAR is Luno)
Click to expand...

That's fantastic, thank you! Shows how much luno over compensated for the drop. If you're trading, that's where you can make big easy money.
 
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balrog

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*SynergyX* said:
How goes the hodling....

Sort of like hodling a bag of ****....but you don’t know there’s **** in the bag yet��
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I have been buying cheap alts during this dip. When BTC normalises/rises -> PROFIT! Always keeping some BTC aside for when things like this happen :). There are always cycles/patterns that one can use for profit...

I don't buy BTC with fiat anymore, haven't done that in ages.
 
Zukat

Zukat

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Gtx Gaming said:
John McAfee‏Verified account
@officialmcafee

Everyone Relax! The Crypto dip was caused by Mike Bell of JP Morgan claiming Governments could ban cryptocurrencies. Well ... how? This is the same company that called BTC a fraud. It's a bank FFS. They are rightfully terrified of what we are doing. But it can't be stopped.

JP morgan buying crypto's again lol
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Really simple actually, just cut the tie between fiat and crypto by classifying crypto exchanges as money laundering store fronts and commercials banks will freeze the accounts. Until crypto gets wider acceptance in the world, they can just get it by the neck.

PS Glad Im not using his antivirus, would have been worried.
 
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