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Cryptocurrency mega-thread

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Evolved1 said:
Please kill baby doge coin with fire. There's enough sh*t in this market already.
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I don't know why people get worked up about such things.

I never even know these kinds of coins exist because I don't move in that space.

And people should remember, crypto is a Libertarian creation. Thus it was created as an open free market where the market decides if it's something they want to spend their money on or not.
 
Bostonian said:
I don't know why people get worked up about such things.

I never even know these kinds of coins exist because I don't move in that space.

And people should remember, crypto is a Libertarian creation. Thus it was created as an open free market where the market decides if it's something they want to spend their money on or not.
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The next 20 years will be crazy in crypto if the last 10 years is anything to go by.
 
Anyone had a go, or any luck with day trading? I've plenty of time on my hands at the moment so have been giving it a try. Started out using CB, well the fees and limited options put an end to that. Played around a bit on CBP and played with the Loom/USDC market and took 10% and then an 8% profit. I was throwing over a thousand euros in and watching carefully. Could have made 15% when Loom hit .074 but I had a stop loss set overnight at .0704 (IIRC), so I missed that. Still was happy to see a profit overnight. Moved over to Binance and have increased my Luna holdings overnight/this morning thanks to it's jump.

I feel that I'm not confident to sleep on Stop Limit orders... fearing I sell, say ETH if it hits 2050, but then it jumps back up overnight to 2200 or more. Maybe just stay awake 24/7.
 
I love how friendly and welcoming this thread is, where posters are willing to share ideas, thoughts and sometime even their dreams.

It's a really progressive atmosphere that makes me ,and my soul very excited about our shared future together.
 
The Dice Man said:
I love how friendly and welcoming this thread is, where posters are willing to share ideas, thoughts and sometime even their dreams.

It's a really progressive atmosphere that makes me ,and my soul very excited about our shared future together.
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Not surprising given the caring sharing nature some posters have displayed on other boards.
 
The Dice Man said:
Anyone had a go, or any luck with day trading? I've plenty of time on my hands at the moment so have been giving it a try. Started out using CB, well the fees and limited options put an end to that. Played around a bit on CBP and played with the Loom/USDC market and took 10% and then an 8% profit. I was throwing over a thousand euros in and watching carefully. Could have made 15% when Loom hit .074 but I had a stop loss set overnight at .0704 (IIRC), so I missed that. Still was happy to see a profit overnight. Moved over to Binance and have increased my Luna holdings overnight/this morning thanks to it's jump.

I feel that I'm not confident to sleep on Stop Limit orders... fearing I sell, say ETH if it hits 2050, but then it jumps back up overnight to 2200 or more. Maybe just stay awake 24/7.
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Yes. My forte is day trading. I'm shite at hodling.

Find a strategy that works for you (ie profitible), then modify it to the point that you specialize in it. There are many ways to skin a cat.
 

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Some coins pump while others dump every day. Your primary goal as a trader is to profit from that, not collect coins. You shouldn't care about ETH moving up $150 while you sleep if you're a day trader. A pump into resistance could provide you a perfect short opportunity.

Define your goals, educate yourself, and work your strategy with those goals in mind.
 
The Dice Man said:
Anyone had a go, or any luck with day trading? I've plenty of time on my hands at the moment so have been giving it a try. Started out using CB, well the fees and limited options put an end to that. Played around a bit on CBP and played with the Loom/USDC market and took 10% and then an 8% profit. I was throwing over a thousand euros in and watching carefully. Could have made 15% when Loom hit .074 but I had a stop loss set overnight at .0704 (IIRC), so I missed that. Still was happy to see a profit overnight. Moved over to Binance and have increased my Luna holdings overnight/this morning thanks to it's jump.

I feel that I'm not confident to sleep on Stop Limit orders... fearing I sell, say ETH if it hits 2050, but then it jumps back up overnight to 2200 or more. Maybe just stay awake 24/7.
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I've only been in it for a couple of months and basically at this point am looking at selling when up by $300-$500 and then buying when it drops down to low levels again. Im banking on the markets being like they have been for the last few months, decent variations but quick recoveries. If I get a feeling it may rise more I'll hold off selling

And then it's only small amount ive invested, currently $7300. I'm up just over a grand as I put in $6000 but did miss selling ETH when it was up about a week ago. Spewing as I had a feeling it was going to drop again and could have got back in at a lower price. But it will be back up there soon enough.

Basically at this point I'm wanting to try and recover the amount I've put in, take out the amount I put in and play with the balance. At that point it'll be more the longer game and look to buy more if and when it hits certain prices.

Sent from my CPH2005 using Tapatalk
 
Evolved1 said:
Some coins pump while others dump every day. Your primary goal as a trader is to profit from that, not collect coins. You shouldn't care about ETH moving up $150 while you sleep if you're a day trader. A pump into resistance could provide you a perfect short opportunity.

Define your goals, educate yourself, and work your strategy with those goals in mind.
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I guess what I was thinking to try to do is when I'm awake, day-trade to try and increase holdings in coins. I've moved everything to Binance for the lower fees but it's a drag just to take a 1 or 2% profit through following the flucutating 3 minute intervals.

Edit: I'm only trying this with small trade amounts around 3-400 euro each time... Just to see if it's working out for me or not, so little risk.
 
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The Dice Man said:
I guess what I was thinking to try to do is when I'm awake, day-trade to try and increase holdings in coins. I've moved everything to Binance for the lower fees but it's a drag just to take a 1 or 2% profit through following the flucutating 3 minute intervals.

Edit: I'm only trying this with small trade amounts around 3-400 euro each time... Just to see if it's working out for me or not, so little risk.
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1-2% profit on short term trades is good.
 
Bollinger band width on the daily for BTC has constricted to its lowest for this year and therefore major volatility is coming shortly (within a few days I reckon). Based on a couple of other indicators and the on-chain metrics, I’m estimating it will be a move to the upside.
 
BACCS said:
Bollinger band width on the daily for BTC has constricted to its lowest for this year and therefore major volatility is coming shortly (within a few days I reckon). Based on a couple of other indicators and the on-chain metrics, I’m estimating it will be a move to the upside.
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What makes you say that mate?

I would be surprised.. but then again this is crypto
 

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LongBombFromOutside50 said:
What makes you say that mate?

I would be surprised.. but then again this is crypto
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On-chain metrics are very bullish still and the price constricting to the degree it has will eventually lead to a breakout. This could be either direction of course as the Bollinger Bands just indicate volatility, but a move down would be a surprise to me. The MACD has also been fairly flat the last couple of weeks, which isn’t sustainable for an extended period either. Whatever happens, this sideways movement is a lot closer to the end than it is the start and the market is about to get a lot less boring.
 
BACCS said:
On-chain metrics are very bullish still and the price constricting to the degree it has will eventually lead to a breakout. This could be either direction of course as the Bollinger Bands just indicate volatility, but a move down would be a surprise to me. The MACD has also been fairly flat the last couple of weeks, which isn’t sustainable for an extended period either. Whatever happens, this sideways movement is a lot closer to the end than it is the start and the market is about to get a lot less boring.
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Have you accounted for the crypto factor?

Where any form of analytics can be made invalid because of mysterious unpredictable reasons such as a tweet.
 
owen87 said:
Have you accounted for the crypto factor?

Where any form of analytics can be made invalid because of mysterious unpredictable reasons such as a tweet.
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That doesn’t impact the market as much as many think it does. If institutions/whales want the price to start surging up, they can do that. Retail investors will jump back on when it’s too late and buy close to the top again (just like I did initially). Rinse and repeat.

The Bollinger Bands don’t lie, it’s pretty simple math (moving average and standard deviations). It’s obviously impossible to predict which direction the volatility will take the price, but a stable price with low volatility is never sustainable in the long term (at this stage of crypto anyway). History backs this up when the Bollinger Band Width drops to new lows. Sideways chopping for 2 months, something is about to break.
 
I can't shake the 2018 vibes this market is giving tbh. A capitulation below 30k wouldn't surprise me.

Neutral zone to me is daily closing between 29k and 35k. Above that, we're probably going to 40k. Below that, 18-25k is likely.
 
owen87 said:
Have you accounted for the crypto factor?

Where any form of analytics can be made invalid because of mysterious unpredictable reasons such as a tweet.
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Elon generally tweets when BTC is at resistance, and the market generally rejects from resistance in a bear market anyway. His tweets have high impact on the price action of low volume shitcoins because there's no volume.
 

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