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The Altcoin (day) trading thread
10-03-2017, 12:11 PM
I hear Obsidian is being pumped by 4chan. Would be a good swing trade for a couple hours or a day. Current price is .73 cents. Last night it was 60 cents. This is for swing trading only. Do not hold.
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The Altcoin (day) trading thread
10-03-2017, 01:15 PM
I started my crypto adventure barely more than a week ago and have been reading a ton and watching some of the seemingly relatively credible YouTube videos on the topic.
I'm using Coinigy with Bittrex to try out some initial low volume day trading, and while I was initially very enthusiastic about potentially making 5-10 small profit trades per day (2% on each would be satisfying), so far I would have profited a fair bit more by just buying Bitcoin and letting them sit there.
Instead I've been in and out of Ethereum, NEO, ADX, OmiseGO, Ripple, TenX and a few more. Won on some, lost a little on others, and basically gained zero traction.
Yes, I know we're talking about a very small timescale here - just some amateurish initial impressions.
Right now I'm leaning towards mostly just investing long term in Bitcoin, Ether and likely Ripple. And then do some swing trading between those and perhaps a few others with high market cap.
I think trying to get in on those brief pump and dumps is likely to make a newbie lose his hair (well, that ship has mostly sailed anyway) and money.
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The Altcoin (day) trading thread
10-03-2017, 02:50 PM
Avoid “participating” in pump and dumps of alt coins unless you are part of the team orchestrating it.
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The Altcoin (day) trading thread
10-03-2017, 03:40 PM
ODN is actually legit brahs, I've been shilling it all day so can't be fucked to explain all the details right now. I've also made an extra 1k ODN just trading on the swings but am planning on holding on to this gem for a while.
Actually fuck it I'll summarize:
- still only 20 million marketcap
- active, communicative, commited devs who've been in the blockchain sphere for quite some time
- advised by lead monero dev
- much more than just a messenger app, it's actually a platform for privacy-oriented dapps that want to utilize their network of nodes to host their dapps
- Proof of stake with 10% annual returns if more than 10k ODN owned
- Messenger (just the first dapp built on their platform) enables secure, untraceable transfer of information, files, and money (by transferring ODN from user to user) through the network
Just the messenger alone would easily put this token in the 50-60 million market cap range- in general I'm a big fan of privacy tokens but this really makes things super simple for people to conduct business that they don't want anyone spying on- whether you're buying hookers, paying for drugs or doing anything else like that- makes communication and transferring value in a completely secure way very easy.
Then add on to that the fact that this shit is a proof of stake token with 10% returns, and the potential for their blockchain to host an entire ecosystem of privacy-oriented dapps and then you start to realize that this is far from some random shitcoin.
Also should add- they're apparently announcing a new (big) exchange listing this week, so it would very much be worth your while to pick up some ODN on cryptopia before it properly blows up.
Trust me this is not just some 4chan pump and dump, the more I've read about it the more hyped I am about its potential. I'm already up 50% since buying 2 days ago but I think there's still plenty of gains to be made- would recommend you get in ASAP before it blows up on the big exchanges coming up.
RVF Fearless Coindogger Crew
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The Altcoin (day) trading thread
10-03-2017, 05:59 PM
ODN is legit. I took my money yesterday and am seriously regretting it. It's the best looking coin on the market right now. There was a planned dump by some major coinholders that got canceled because holy shit, why sell when it's going nuclear." Honestly the smartest thing I could do is buy back but my ego won't let me.
BAT is going to die. Don't invest in BAT, unless you want to sell before Mercury. Be RUTHLESS about your stop-losses. Whales are getting smarter about dumping on people now, it's not just "buy the rumor sell the news" it's "buy before the rumor starts and then sell the rumor".
FUN is risky but potentially good. Haven't looked, can't comment. I personally don't like it but that means nothing.
MTL is a smart buy but a major major support line broke. This COULD be a sign of an incoming moon or it could be indicative of the fact that fucking everything on 'trex is dying lately.
XRP is laughable as well from a long term perspective.
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The Altcoin (day) trading thread
10-03-2017, 06:05 PM
Another thing to keep in mind when playing with Cryptopia is that their withdrawl limits are about 3.5k a day.
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The Altcoin (day) trading thread
10-03-2017, 07:24 PM
Quote: (10-03-2017 06:03 PM)SamuelBRoberts Wrote:
Quote: (10-03-2017 12:11 PM)NewDayNewFace Wrote:
I hear Obsidian is being pumped by 4chan. Would be a good swing trade for a couple hours or a day. Current price is .73 cents. Last night it was 60 cents. This is for swing trading only. Do not hold.
Would not advise this.
ODN is a cryptopia coin and their liquidity is shit and their books are easily wiped out. It will be very easy to get trapped in a bad position, especially as ODN starts to underperform (temporarily) in the next week or two. If you want ODN just buy and hold it. It will go up bigtime when it gets listed on larger exchanges.
Swing trade!!! It's at 80 cents now. Bought some at 60 cents and just sold. Only put a thousand in but like I said... a good swing trade. Especially in a correction day like today this is solid. As I mentioned before swing trade is for the quick flip in a couple hours or days. Easy gains.
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The Altcoin (day) trading thread
10-03-2017, 09:10 PM
Quote: (10-03-2017 08:46 PM)SamuelBRoberts Wrote:
Quote: (10-03-2017 07:24 PM)NewDayNewFace Wrote:
Quote: (10-03-2017 06:03 PM)SamuelBRoberts Wrote:
Quote: (10-03-2017 12:11 PM)NewDayNewFace Wrote:
I hear Obsidian is being pumped by 4chan. Would be a good swing trade for a couple hours or a day. Current price is .73 cents. Last night it was 60 cents. This is for swing trading only. Do not hold.
Would not advise this.
ODN is a cryptopia coin and their liquidity is shit and their books are easily wiped out. It will be very easy to get trapped in a bad position, especially as ODN starts to underperform (temporarily) in the next week or two. If you want ODN just buy and hold it. It will go up bigtime when it gets listed on larger exchanges.
Swing trade!!! It's at 80 cents now. Bought some at 60 cents and just sold. Only put a thousand in but like I said... a good swing trade. Especially in a correction day like today this is solid. As I mentioned before swing trade is for the quick flip in a couple hours or days. Easy gains.
Excellent work, you were right here and I was wrong.
I am putting a lot of money into COSS, because I am a crazy, crazy person.
I recommend you look into COSS, and then you say, "I am a sensible human being who doesn't like seeing their money disappear in a puff of smoke. I'd better not buy COSS."
I feel you dog. Only reason I took the risk was because the person that told me is someone who has made some good cals in the past and I trust him. If it was someone I didn't know I wouldn't trust it all.
So very understandable. It's hit or miss out here.
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The Altcoin (day) trading thread
10-03-2017, 10:19 PM
Not sure what to do. I want to free up capital but someone is dumping the coin I'm most invested in and it is down 10%
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The Altcoin (day) trading thread
10-03-2017, 10:42 PM
WTC
I can only hope that 4chan does a dump on ODN so I can get a masternode.
If I invested yesterday, I would have been able to afford one.
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The Altcoin (day) trading thread
10-03-2017, 11:00 PM
I will wait out the dump, and look at ODN later today. There's no reason for the dump in the slack.
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The Altcoin (day) trading thread
10-04-2017, 07:34 AM
Thanks to thebassist I literally bagged the bottom of the damn candle on ODN.
+1 rep from me.
BTW, the same amount of money I spent on the ODN ICO to buy 10,000 coins now got me a little under 2,000.
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The Altcoin (day) trading thread
10-04-2017, 09:17 AM
SALT taking a big dive (much harder than other coins today) so picking some up under 1k SAT.
Also picking up some NXC, will get back to +7K SAT in the next days.
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The Altcoin (day) trading thread
10-04-2017, 10:04 AM
Quote: (10-04-2017 07:34 AM)SamuelBRoberts Wrote:
Thanks to thebassist I literally bagged the bottom of the damn candle on ODN.
+1 rep from me.
BTW, the same amount of money I spent on the ODN ICO to buy 10,000 coins now got me a little under 2,000.
It's at 90 cents now. You guys are Winning!!
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The Altcoin (day) trading thread
10-04-2017, 11:00 AM
Where do you guys trade? I can't see any of those on Coinbase. I'm a newbie.
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The Altcoin (day) trading thread
10-04-2017, 11:01 AM
Some very smart people are shilling me NXC. Sounds like a good buy.