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Post by starbuck on Dec 26, 2017 13:06:31 GMT -5
I wouldn't consider myself as daytrading or even a daytrader. I've just been in the right place at the right time the last few weeks. First it started with a payout, letting it sit a couple days and getting lucky with BTC going up from 9k to over 15k. A few days later, another payout when it was around 14k and it went to 19k+. After it hit the ceiling, I had cashed everything out that I had into a USD wallet. Most of it I withdrew to my account and left some of it in there to possibly play with. The last week the bottom fell out, so I watched closely for several hours. Watching a few groups on FB and Twitter, and when BTC hit around 10k, I was thinking it was time to dump back in, but wanted to wait and see if it went lower. It held for awhile between 10-11k. Finally I said what the heck, dumped everything I had from my wallet into BTC and then even transferred more from my personal account into BTC. From there BTC went back up to 14k or so and then came back down to 12,500 for a few hours. Almost pulled then, but was patient and sure enough it went back up to 16k, watched it for a bit, and then cashed it all out back to my wallet. Most of it is out of my wallet, but have about 2500 I made the last week or so to see if BTC drops back down. As for alt coins, I am in a few that I will leave till the end of the first quarter at the least, but will keep an eye on them. Currently sitting in Tronix (TRX), Ripple (XRP), and Verge (XVG). I also hold some LTC (Litecoin), which I made a killing on last week as well. Sucker dropped below $200, down to $185, managed to get back in at $198 and sold at $317 a few days ago. It's been anywhere from $280 to $315 since then. By no means am I an expert, just getting lucky and using common sense that I've learned from the real financial market and my brother who is a financial adviser. Buck, what platform are you using for your trades? Binance, GDAX, and Coinbase. My personal accounts are all linked to Coinbase, which is where I deposit/withdraw to and from the bank. If I am putting money in, transfer from personal bank into Coinbase. From there I transfer from Coinbase to GDAX. Note, Coinbase and GDAX are the same company, linked together, sister companies. It's much cheaper to buy/sell coins in GDAX than Coinbase. Also, the transfers to/from Coinbase to GDAX is instant and free. Once I have funds in GDAX, I will then transfer to Binance if I am buying alt coins. When transferring GDAX to Binance, I make sure my funds are in either LTC or ETH as the transfer is much faster and cheaper. You transfer from GDAX to Binance using BTC, it just takes much longer, hours longer, and costs a little more. Thus why I usually transfer in LTC or ETH coins if I am going to transfer into Binance to buy alt coins. Same course if going back to GDAX from Binance. I sell my alt coins to either LTC or ETH in Binance. Then transfer from Binance to GDAX. Sell in GDAX. Once sold, transfer back into Coinbase to withdraw to my bank account. |
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Post by Makers on Jan 17, 2018 6:29:14 GMT -5
The top 10 digital currencies had collectively lost $108billion in 24 hours by 3pm GMT yesterday and continue to fall today.
Bitcoin has fallen and was worth $10,624 at 22.44pm. Yesterday morning it was valued at $12,771.
Ripple has fallen below a dollar to $0.984, that is 66 percent down from new year.
And Ethereum is now at $905.05 from $1,159 yesterday.
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scooter
Premium Member
Posts: 2,897 
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Post by scooter on Jan 17, 2018 10:29:49 GMT -5
i know so little about this i can't even participate in a conversation.....
of course that can be said about a lot of things for me.....simple minded
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Post by Makers on Jan 17, 2018 10:48:04 GMT -5
i know so little about this i can't even participate in a conversation..... of course that can be said about a lot of things for me.....simple minded Same here but do know they have been declared dead several times and go through the ceiling again... |
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Fish
Premium Member
Posts: 3,502
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Post by Fish on Jan 17, 2018 10:49:07 GMT -5
I was eyeing Ripple(XRP-USD) at .30 cents went to .40 cents in a flash. Happy I didn't go thru the effort,
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Post by stickbit on Jan 17, 2018 13:35:30 GMT -5
yes its gambling that's for sure! Bought Tron (TRX) at .03 and another coin...still up a little but need to tell myself to forget about it for a long time and stop checking the price. Was fun when Tron skyrocketed to .30 a couple weeks ago...oh well.
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scooter
Premium Member
Posts: 2,897
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Post by scooter on Jan 17, 2018 13:51:42 GMT -5
I was eyeing Ripple(XRP-USD) at .30 cents went to .40 cents in a flash. Happy I didn't go thru the effort, lol....eyeing ripple just makes me think of getting hammered |
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Fish
Premium Member
Posts: 3,502
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Post by Fish on Jan 17, 2018 16:33:55 GMT -5
I was eyeing Ripple(XRP-USD) at .30 cents went to .40 cents in a flash. Happy I didn't go thru the effort, lol....eyeing ripple just makes me think of getting hammered And when I first started looking, Ripple bottles came to mind. I took a bottle and wines to dinner one night. 6 of us knocked down 6-8 bottles of wine then we dared to drink Ripple. My God...it didn't taste that bad in high school. |
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Post by Makers on Jan 18, 2018 5:01:11 GMT -5
THE cryptocurrency market has lost $US206 billion overnight in what traders are describing as a “cryptocalypse”, with bitcoin heading back towards its $US10,000 milestone first reached last November.
But it was smaller currencies including ripple, ethereum and bitcoin cash that were the hardest hit in the latest sell-off, which was sparked by fresh fears of a crackdown on virtual currencies by governments in South Korea and China.
At the time of writing, ripple was down nearly 50 per cent on the previous day, ethereum had lost nearly 34 per cent of its value, bitcoin cash was down nearly 37 per cent and bitcoin was down 27 per cent to just under $US10,200.
The market capitalisation of more than 1300 cryptocurrencies has dropped by around 30 per cent over the past 24 hours, down from $US702 billion to $US496 billion, according to Coinmarketcap.
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Post by Makers on Feb 6, 2018 5:53:45 GMT -5
Bitcoin today clearly had a case of the Mondays. These are the headlines investors need to know for Monday, Feb. 5.
Price woes
Bitcoin fell to under $7,000 in afternoon trading Monday, hitting as low as $6,804, according to Coindesk. Prices of 98 of the top 100 cryptocurrencies by market cap were falling Monday afternoon as regulatory standards grew higher and December's $20,000 bitcoin record faded further from view. At its low Monday, bitcoin has fallen more than 65% from its December high.
British crackdown
Britain's Lloyds Banking Group Plc (LYG) has banned cryptocurrency purchases on credit cards for its 9 million customers, joining the likes of JPMorgan Chase & Co. (JPM) and Citigroup Inc. (C) . The decision comes amid widening regulation that has seen every entity from banks to state government implement a growing list of regulatory standards not previously seen in the crypto space.
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Post by Makers on May 30, 2018 5:05:08 GMT -5
BTC now swirling the bowl, off a staggering 20% since last month and down a MIND BENDING $12K PER COIN since Dec highs
Source COINBASE.COM
$7,417.10
BITCOIN PRICE
−$1,885.25
SINCE LAST MONTH (USD)
−20.27%
SINCE LAST MONTH (%)
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Post by Makers on Nov 23, 2018 5:41:06 GMT -5
The U.S. Department of Justice is investigating whether the cryptocurrency Tether was used to prop up Bitcoin.
The U.S. case part of broader review of possible coin manipulation. Tether is considered a relatively stable cryptocurrency with its value supposedly tethered to the U.S. dollar, hence its name.
In just a matter of days, Bitcoin has seen its price crash from around $6400 to near $4000 in just one week.
From Bloomberg News:
While federal prosecutors opened a broad criminal probe into cryptocurrencies months ago, they’ve recently homed in on suspicions that a tangled web involving Bitcoin, Tether and crypto exchange Bitfinex might have been used to illegally move prices, said three people familiar with the matter.
Bitfinex has the same management team as Tether Ltd., a Hong Kong-based company that created the namesake cryptocurrency. When new coins come to market, they’re mostly released on Bitfinex.
Some traders -- as well as academics -- have alleged that these Tethers are used to buy Bitcoin at crucial moments when the value of the more ubiquitous digital token dips. JL van der Velde, the chief executive officer of Tether Ltd. and Bitfinex, has previously rejected such claims.
Bloomberg added:
The probe follows allegations made in a June paper by University of Texas Professor John Griffin and co-author Amin Shams. Griffin and Shams wrote that trading in Tether shows a pattern of underpinning, and manipulating, Bitcoin.
The U.S. Justice Department is also looking into how Tether creates coins and why they predominently enter via Bitfinex.
Neither the Justice Department nor the CFTC has accused anyone of wrongdoing, and authorities may ultimately conclude that nothing illicit occurred, Bloomberg reports.
The cryptocurrency world has also been rattled in recent days by the split of Bitcoin Cash, itself an offshoot of Bitcoin.
Upwards of 70% of online gambling transactions in the U.S. and other restrictive markets are said to be via Bitcoin.
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Post by Makers on Mar 20, 2019 4:42:08 GMT -5
Bitcoin is in the longest slump of its 10-year history. That is forcing even its most ardent supporters to shelve dreams of global disruption and focus on simply tightening their belts long enough to outlast the downturn.
Signs of the crypto winter are everywhere, marking a sharp reversal since the manic highs of 2017. The price of bitcoin Tuesday was just below $4,000, down about 80% from a trading peak of about $19,800 in December 2017. The total market value of all cryptocurrencies outstanding is down 85% from its peak in January 2018. And volumes on the largest U.S. exchanges have been falling steadily for the past 15 months, according to research firm TradeBlock.
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Post by Makers on Apr 4, 2019 6:02:24 GMT -5
The price of the cryptocurrency Bitcoin rose past $5200 by 4 pm EST Wednesday, continuing a three-day rally.
Reports that a private buyer may have purchased more than $100 million worth of Bitcoin over a short period likely helped lift Bitcoin and other cryptocurrencies.
Other possible reasons for the surge include the crossing of an important technical level at the $4,200 price triggering a stop-loss trade.
As of Wednesday afternoon in Asia, the price of ethereum had surged 12.46 percent in 24 hours to $166.66, according to data from Coindesk. Ripple's XRP token also rose 6.55 percent to approximately $0.346.
Data from Coinmarketcap also showed that more than $84 billion had been traded in the cryptocurrency space over the last 24 hours, as of the afternoon of Asian trading hours.
Over half of all online gambling transactions are now funded via Bitcoin and other forms of cryptocurrency.
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Post by Makers on Apr 4, 2019 6:05:37 GMT -5
The price of the cryptocurrency Bitcoin rose past $5200 by 4 pm EST Wednesday, continuing a three-day rally.
Reports that a private buyer may have purchased more than $100 million worth of Bitcoin over a short period likely helped lift Bitcoin and other cryptocurrencies.
Other possible reasons for the surge include the crossing of an important technical level at the $4,200 price triggering a stop-loss trade.
As of Wednesday afternoon in Asia, the price of ethereum had surged 12.46 percent in 24 hours to $166.66, according to data from Coindesk. Ripple's XRP token also rose 6.55 percent to approximately $0.346.
Data from Coinmarketcap also showed that more than $84 billion had been traded in the cryptocurrency space over the last 24 hours, as of the afternoon of Asian trading hours.
Over half of all online gambling transactions are now funded via Bitcoin and other forms of cryptocurrency.
CNBC says Bitcoin’s Tuesday spike was blamed on an April Fools’ joke, but notes that’s not why it rallied. The price had shot up to over $5000 on Tuesday, an increase of over 15% in less than an hour before pulling back. As of the overnight hours into Wednesday morning, the price continued to hover above the $5000 mark. A series of whacky Bitcoin conspiracy theories surfaced Tuesday that some attributed to its rally. Rumors that trading algorithms picked up reports of bitcoin ETF being approved. But experts say that’s not the real catalyst. “It’s absurd to believe this market move is the result of confusion about the Bitcoin ETF filings,” says Hunter Horsely, who is in the process of applying for a bitcoin ETF.
While there were a series of Bitcoin April Fool's jokes, including one that claimed robots triggered a buying frenzy, experts say these jokes have nothing to do with the positive trading frenzy. The upward trend continued into Tuesday evening, long after all those April Fool's jokes had subsided.
The most likely explanation, according to Horsely, is a Reuters report of a private buyer purchasing more than $100 million worth of bitcoin over a short period. Given the small daily trading volume of bitcoin, “that order would be enough to have an impact,” he said.
“Crypto is famous for a long history of volatility like this. It’s always hard to pin down the true impetus, and often the real source is not obvious,” Horsely said.
CEO of BKCM Brian Kelly adds that bitcoin hit a key technical level, which has helped boost the price.
“Everyone who panicked and sold is already out,” Kelly told CNBC Tuesday.
Arca Chief Investment Officer Jeff Dormanhis said this particular rally was caused by a “simple” imbalance of more sellers than buyers, he said.
“The large magnitudes of the moves in crypto make it more interesting of a story, but it’s not that different than any other asset class,” Dorman said. “Buyers outweighed sellers, and market makers felt the pressure so they took their markets higher, which triggered stop losses and liquidations, which added more buy pressure.”
He added: “The fact that every small dip has been bought immediately in the last few weeks shows that investors are not scared of sell-offs, they are hoping for them so they can buy more,” he said. “This certainly raises the near-term floor, but this sentiment can change on a dime too.”
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