[Matt3B]

There is an overwhelming amount of positive news about Bitcoin, and I believe it is with good reason because long term, its prospects are good.

I think we are experiencing proper FUD, and have been since January or so. The people with big money want the price down, and they're doing that. When they want it up again, the media will be singing a completely different song to now.

There are always logical reasons for price to go up, and the most recent spike from yesterday is lined up with the beginning of a big move up when we had that suicide drop at the beginning of Feb. Overall sentiment, according to the charts, is still down.

[SamuelBRoberts]

Is it just me or are there a lot of 51% attacks hitting blockchains lately?

XVG got hit with one.
Electroneum got hit with one.

Kinda weird.

[redbeard]

Pretty sure ETN was from (((someone))) using XMR ASICs.

Not saying it's Bitmain, but it seems most miners knew very quickly that XMR was bricking their products.

[Sidney Crosby]

So WanChain is on the top 100 page now, at #30 currently.

Do you guys see it making the top 10-15 this year?

[SamuelBRoberts]

Quite possibly. Just know that by the end of the year it could be a top 10 coin and still be worth less than current price.

[redbeard]

(04-10-2018 11:48 PM)SamuelBRoberts Wrote:  

Quite possibly. Just know that by the end of the year it could be a top 10 coin and still be worth less than current price.

Bearish much?

[SamuelBRoberts]

Yes, though temporarily bullish as shorts keep reaching a high.

We're setting ourselves up for a beautiful short squeeze.

[Sidney Crosby]

I just saw an advertisement on TV while watching hockey, Coinsquare. This is the first time I've ever seen crypto currency being advertised.

https://www.coinspeaker.com/2018/04/11/c...-campaign/

[SamuelBRoberts]

(04-11-2018 12:46 PM)SamuelBRoberts Wrote:  

Yes, though temporarily bullish as shorts keep reaching a high.

We're setting ourselves up for a beautiful short squeeze.

Said this and then let myself get talked into a short.
No more bitmex trading for me for at least a few months.

[Matt3B]

Would've made me a very happy guy to get in on the right side of that move, but I didn't trade it at all.

In fact, I shorted near the top and made 25%. Exited at market and left my stop loss intact stupidly. It triggered a buy order...right near to the top, then reversed. Closed out for a 35% loss. Down 10% thanks to that stupidity.

[gework]

(04-12-2018 12:49 PM)Matt3B Wrote:  

In fact, I shorted near the top and made 25%. Exited at market and left my stop loss intact stupidly. It triggered a buy order...right near to the top, then reversed. Closed out for a 35% loss. Down 10% thanks to that stupidity.

I'm very keen on trading on the MACD and to a lesser extent RSI on 1W, 3D, 1D and 12H candles. They've been going in the direction of a long the last few days. So I scraped up 0.4 BTC lying around in various wallets and exchanges and put it on BitMEX at 50X long, with a sell at $8K. No stop. Logged out.



The same signals were saying sell from about 17 Dec 2018.

It's spent a long time in the cross between the downtrend of the Dec-Jan crash and the pre-parabolic up-trend:



Whenever it meets those lines, it goes the other way, but now there is very little room to maneuver. I think you'd do well placing a long/short based on the movement coming out of that trend crossover. I'm feeling up, though think it will be weak as bag holders use it to bail with 40% losses instead of 70%; and I still think that we will see it going towards $4K by the end of the year and many alts down 99%. It hasn't yet hit the level where I am buying and not having much hesitation on holding.

[SamuelBRoberts]

Can I see your MACD charts that were signalling a long? Do you use the default settings?

[Matt3B]

Nice one gework.

I was waiting for price to get to the level we turned at and I was going to hit it for either 25x or 50x because of my confidence in it. As such, on approach to it, Bitmex "server overloads" weren't allowing me to enter at market, and thus created some emotional turmoil in me through fear of missing out on the trade, and my head was gone. I traded badly.

Bitmex really need to sort their infrastructure out. It's unacceptable that any time there is a small rally or dump in price, it overloads and you can't trade. It's bullshit.

[redbeard]

(04-12-2018 10:39 AM)SamuelBRoberts Wrote:  

(04-11-2018 12:46 PM)SamuelBRoberts Wrote:  

Yes, though temporarily bullish as shorts keep reaching a high.

We're setting ourselves up for a beautiful short squeeze.

Said this and then let myself get talked into a short.
No more bitmex trading for me for at least a few months.

No please, keep posting about how bearish you are

[Matt3B]

Not a good day for me.

Set a sell order at 7945 because I don't think I can sit there and hit things at market due to Bitmex's overloading. Price turns at 7944 and goes on to net would what would've made me 51% in 15 minutes.

[godfather dust]

If btc was better regulated I would short the hell out of it.
It's not though.

Shorts were reported to hit an all time high yesterday... so you get a ridiculous pump today.

[SamuelBRoberts]

(04-12-2018 04:57 PM)redbeard Wrote:  

(04-12-2018 10:39 AM)SamuelBRoberts Wrote:  

(04-11-2018 12:46 PM)SamuelBRoberts Wrote:  

Yes, though temporarily bullish as shorts keep reaching a high.

We're setting ourselves up for a beautiful short squeeze.

Said this and then let myself get talked into a short.
No more bitmex trading for me for at least a few months.

No please, keep posting about how bearish you are

I'm still overall bearish. This was the first step towards a turnaround, but like I said yesterday this pump was due to a crazy short squeeze. If it sustains, then we've got a nice spring market coming and everybody here, including myself, will make a lot of money.

And I need to listen to myself and not other people, no matter how many digits are in their bank account or how much longer they've been doing this than me.

If anybody's curious, here's what I'm looking at.



Major questions I'm asking now are: Can we break the 4hr cloud? (Four hour close above the cloud would make me happy.)
Can we break the 50 day average? (The thick green line)
Can we break the 200 day average? (The thick blue line)
Can we get a golden cross? (Green over blue) If we can get a golden cross soon we're gonna have an absolutely awesome spring.

There's cause for optimism but I'm not putting large amounts of money in yet. I don't need to catch the absolute bottom to make money.

[Giacomo Casanova]

SBR: don't you think it is extremely risky to short with crypto market down 70% from the ATH? We already know that eventually this is going to be a 20T market, the question is just when it is going to happen. I am wondering why taking such risks of getting rekt by going short?
For the dollar cost average strategy, the accumulation phase during the dip may be over for me: now it is only time to HODL.

[SamuelBRoberts]

(04-12-2018 06:04 PM)Giacomo Casanova Wrote:  

SBR: don't you think it is extremely risky to short with crypto market down 70% from the ATH? We already know that eventually this is going to be a 20T market, the question is just when it is going to happen. I am wondering why taking such risks of getting rekt by going short?
For the dollar cost average strategy, the accumulation phase during the dip may be over for me: now it is only time to HODL.

No, it's been the winning move for a while now. Even with today's loss, I think I'm up 200-300% from where I started on Bitmex.

[redbeard]

I agree with SBR's analysis.

However I don't have the stomach for Bitmex.

I will be selling some BTC to buy once it dips again.

[bgbusiness]

https://cointelegraph.com/news/crypto-in...calls-foul

One of the biggest Youtuber for cryptocurrency, Ian Balina, is hacked and loses about $2milllion.
People are saying that he is just trying to avoid tax.
Some people are believing him and wish him the best.

Either way, keep your money safe and don't flaunt them to your friends or family...

[SamuelBRoberts]

He posted his "The coins are about to be sold on Kucoin" post before the coins were moved.

Hahahahaha.

Enjoy your federal jail cell, dumbass.
I'm pissed at the amount of taxes I have to pay but I'm damn glad I did it instead of trying to get clever.

[[email protected]]

Ian "just kidding guys" Balina

His credibility is taking a huge hit. He needs Trump level persuasion to break out of this one.

[redonion]

Hey, has anybody used gate.io as an exchange before?

I am dealing with an issue with them which I would consider a bug, but their support claims is correct behavior. I have never seen this behavior at any other exchange and want to know if I'm just naive or not. Has anyone else dealt with this issue, and do you know of a fix?

For every other exchange I've worked with, you can simulate a market order using a limit order by setting the price outside the normal range. For example, in the ETH-BTC market, if the low ask is 0.07 BTC, and I want to buy 100 ETH at market price, I can place a limit order to buy 100 ETH at a price > 0.07, such as 0.1 BTC. The exchange will fill my 100 ETH order with the best price available, as long as it's less than 0.1 BTC.

On gate.io, you'll experience the same behavior when using the above technique with sells, but not with buys.

In the above example, gate.io's logic plays out like this:
1. They determine how much total BTC my order was worth. In this case, 100 ETH * 0.1 BTC = 10 BTC
2. They keep buying ETH until:

• I have spent 10 BTC in total to buy ETH, or
• The low ask exceeds my given price of 0.1 BTC
  

When you apply the above logic, what ends up happening is that the exchange will end up purchasing well over 100 ETH for me (because 10 BTC is worth more than 100 ETH). This is despite the fact that I requested 100 ETH in the "amount" field.

All I am trying to do is purchase exactly 100 ETH, but gate.io simply purchases too much for me. I've also tried just setting my price to the current low ask, but due to lag times, the low ask can change while I'm placing my order, and after applying their logic, I also end up purchasing an amount that is different from what I specified.

Anyway, is this logic normal? It seems completely retarded to me. Anyone know of any strategies to buy exactly 100 ETH on an exchange that operates like this?

[SamuelBRoberts]

[url=https://twitter.com/BMBernstein/status/986674262772797441][/url]

Read this. All of this.