Crypto Currency Thread
Discussion
Croutons said:
Would anyone like to send me a Kraken referral link?
Got a few in progress from the other day but trying to get them all nailed asap!
I have a kraken account, if you let me know what to do I can sort it out.Got a few in progress from the other day but trying to get them all nailed asap!
But like the other guy said, the website is hideous. Sadly its my only reliable source of buying Ripple coins at the moment so I just have to use it reluctanlty.
The Spruce goose said:
No one can seriously think they are a good trader because they make money in cryptos. you can read as many books as you want it is pure gambling no better than penny shares. to think any less is pure delusion.
And yes I understand candlesticks and patterns etc, and even it I thought I had a clue I wouldn't tell people I a crypto trader.
People make a living of trading horse prices on Betdaq, Betfair, and any other exchange you can name. I knew/still know nothing about horses but I made a living out of trading the prices. The skill in reading the charts lets you know what people are thinking - never touched Forex because you're up computers and whilst on other things I trade there is some algo trading going on. For the most part you're up against other people.And yes I understand candlesticks and patterns etc, and even it I thought I had a clue I wouldn't tell people I a crypto trader.
Gambling is trying to predit the winner. In this case, trying to predict the exact price.
Trading is buying and selling odds before the race starts. If you are still in the market when the race starts, you're gambling.
Croutons said:
x5, Ted, M5, TSG,
Then send me referral links to what you're currently using!!!
I know most exchanges are s
te, the real way to make money in this game is to BE an exchange, but as I can't [be bothered] to do that, I have to settle for using them!
I'm on the site now but can't find a way to send a referral link?! Then send me referral links to what you're currently using!!!
I know most exchanges are s
te, the real way to make money in this game is to BE an exchange, but as I can't [be bothered] to do that, I have to settle for using them!I've emailed the support, they are usually quick if its an easy question.
Update 12:35
Hello,
Thank you for your inquiry. We do not currently have an affiliate program but we may launch one in the future. Feel free to follow us on social media and contact us again if we make an announcement to launch an affiliate program.
Best regards,
Keep your account secure
https://support.kraken.com/hc/en-us/articles/20139...
Leonardo
The Kraken Team
Edited by M511 on Friday 24th November 12:35
Croutons said:
x5, Ted, M5, TSG,
Then send me referral links to what you're currently using!!!
I know most exchanges are ste, the real way to make money in this game is to BE an exchange, but as I can't [be bothered] to do that, I have to settle for using them!
No link from me I'm afraid. I don't use the exchanges anymore, all mine is done through a guy on liberalcoins (P2P) who does me comparable rates.Then send me referral links to what you're currently using!!!
I know most exchanges are s
te, the real way to make money in this game is to BE an exchange, but as I can't [be bothered] to do that, I have to settle for using them!Croutons said:
mizx said:
Picked up some LSK, VTC, NAV and XVG, then bought 2.5 Litecoin yesterday.
LSK and LTC more or less joint largest holding, about the same in VTC and NAV, XVG smallest.
Talk us through which exchanges you used (and from what base currency), and what wallet(s) you're keeping them all in, just to save others who ask every other page what they can do.LSK and LTC more or less joint largest holding, about the same in VTC and NAV, XVG smallest.
Used Bittylicious to buy the Bitcoin with GBP, blockchain.info as a wallet to move it to. Waited till the morning to deposit to Bittrex, the BTC was worth what I paid again by that point luckily; deposited the lot over 4 deposits and gained a few quid value between each.
No particular reason for using Bittrex besides they list BTC markets for the coins I wanted to trade for. Seen some support horror stories about most major exchanges but wasn't too worried as I planned not to keep anything on the exchange for long. The only issue I had, more my fault for missing it, is they let you deposit without ID but not withdraw. I was happier having to ID as it's 3rd party (Jumio) which I read up on to see what it does, and was a very simple quick process in the end.
Keeping most of them in local wallets. LSK in Lisk Nano, LTC in electrum-ltc, VTC in electrum-vtc.
My NAV is now on paper wallet. Liked the idea of staking with the Nav Core wallet for the 5% proof of stake reward, but it doesn't seem worth it with the small number I have (75), it was estimating 115 days for the reward when I turned staking on, and there are mixed messages on the subreddit about whether your PC needs to say online to get any reward, so I'd rather save the disk space and memory use. If I had bought more I might have considered setting up a navpi.
I also moved the XVG to paper because electrum-xvg wouldn't stop downloading data. Got to 4GB and was still going. I asked in the Discord but the only reply said that it isn't (clearly!) normal. Verge;s blockchain is only 1GB and Electrum shouldn't be downloading it anyway! I did notice it seem to be based on a much older base ver. of Electrum than the Litecoin and Vertcoin copy.
Used Bittylicious again to buy the Litecoin, seeing as I was already ID'd and their rate had been at £57 all day Wednesday, so the transaction didn't cost me much.
Edited by mizx on Friday 24th November 20:52
Too Late said:
Anyone use Bittrex.
I raised a support ticket over 8 days ago now, no response. I raise another 5 day later and noticed the support ticket number had increased by 5500. If thats true, they must be cracking under all the new attention BitCoin is getting
A friend had the same problem, took over a month to get his account unlocked.I raised a support ticket over 8 days ago now, no response. I raise another 5 day later and noticed the support ticket number had increased by 5500. If thats true, they must be cracking under all the new attention BitCoin is getting
nammynake said:
Some big increases on Ethereum the last couple of days. I'm 40% up on my combined Bitcoin/Ethereum investment...unfortunately I only invested a tenner as a bit of fun.
if you join bitcointalk you can earn free tokens and coins (banner campaigns)if you don't want to invest money yourself. there are also some faucets available to get btc.M511 said:
Behemoth said:
Well said. You need to work on analysis coin pair by coin pair and back test theories before putting them into practise. There are huge resources out there but you have to put your own hours in if you are going beyond a quick punt. Once you have found something that works, few would just offer it up for nothing, not least because these strategies never get consistent positive returns. You trade through the errors and learn from them. Announced on a forum, you'd spend all day fending off the trolls & pedants.
I am also here to learn like most people and I like to think we can all help each other in some way to benefit. But I will reiterate, all markets exhibit a pattern. Once you can spot the pattern you will be able to determine the way a market will go. A good analogy is off a drop a tennis ball from a height of 2m, you probably know how the ball will bounce until it loses momentum. I just use the charts in a similar way, they show momentum and a pattern.
I have never traded XMR but we can use that as a test case as mentioned by Croutons here, and Ted mentioned it earlier too I think? . The basic chart shows a pattern for the price rising, without any TA at all. If we look at 1month chart, there is too much noise, it seems the coin is relatively new and there aren't many data points. But when you look at the 3 month view.. https://uk.investing.com/currencies/xmr-usd-candle... there is a visbile pattern in the way the price is moving.
Disclaimer the following is a laymans explanation to note bore you all, please do not use this as your main investing strategy. I am using it to simplify my example. (Using the 3 month view)
The lowest support point was the price on 2/11/2017 was around $80, then on 10/11/2017 this moved to $100. Draw a trendline following this trajectory and at some point the price will fall between $120 and $140, then depending on world events you can decide your strategy...A high of close to $200 will happen during this period.
If I say anymore I will be giving you a strategy, and thats not what we are for.
The mere fact that a crypto coin may move 10%+ in a day does not necessarily result in a path to riches when your position size is relatively small compared to what you can move around very easily in other financial markets.
g4ry13 said:
If you are looking at charts and believe your analysis/strategy is a winning one, why would you not apply it to the financial markets where you can trade at a much larger size and make millions from it? (unless of course you are already doing this)
Because cryptos charges minimum trade fess,whereas in the real world these fees are higher, which means less likely to drop 30% in one day. Cyrpto traders think they have a winning strategy, spend hours looking at candlesticks etc as there coins go up, but the market as a whole has gone up 10 times since march anyway. A proper trader is tested when the market drops and they still make a profit, which has not happened yet.
g4ry13 said:
If you are looking at charts and believe your analysis/strategy is a winning one, why would you not apply it to the financial markets where you can trade at a much larger size and make millions from it? (unless of course you are already doing this)
The mere fact that a crypto coin may move 10%+ in a day does not necessarily result in a path to riches when your position size is relatively small compared to what you can move around very easily in other financial markets.
There's plenty of liquidity for many to already make (and lose) millions. If you stay amongst the top 3-5 tokens, there's no practical limit to the positions you want to take if that's what you want to do.The mere fact that a crypto coin may move 10%+ in a day does not necessarily result in a path to riches when your position size is relatively small compared to what you can move around very easily in other financial markets.
Behemoth said:
This isn't correct. Inherent volatility means swings happen all the time, at all time intervals and with all pairs.
A blind man could make money on cryptos, in the real world they wouldn't. This is what gets me about all this crypto traders thinking they are great, they aren't they are just lucky the market is moving massively anyone with half a brain cell can ride the wave. Call yourself a trader when you've made enough to retire for every. I'm sick of all this bks.I turned 500 dollars into 15000 in 4 months, am I a good trader no I just f
king lucky and know it.Edited by The Spruce goose on Saturday 25th November 11:59
The Spruce goose said:
A blind man could make money on cryptos, in the real world they wouldn't. This is what gets me about all this crypto traders thinking they are great, they aren't they are just lucky the market is moving massively anyone with half a brain cell can ride the wave. Call yourself a trader when you've made enough to retire for every. I'm sick of all this bks.
I turned 500 dollars into 15000 in 4 months, am I a good trader no I just fking lucky and know it.
You sound angry. Did you lose it all again?ks.I turned 500 dollars into 15000 in 4 months, am I a good trader no I just f
king lucky and know it.Edited by The Spruce goose on Saturday 25th November 11:59
Behemoth said:
g4ry13 said:
If you are looking at charts and believe your analysis/strategy is a winning one, why would you not apply it to the financial markets where you can trade at a much larger size and make millions from it? (unless of course you are already doing this)
The mere fact that a crypto coin may move 10%+ in a day does not necessarily result in a path to riches when your position size is relatively small compared to what you can move around very easily in other financial markets.
There's plenty of liquidity for many to already make (and lose) millions. If you stay amongst the top 3-5 tokens, there's no practical limit to the positions you want to take if that's what you want to do.The mere fact that a crypto coin may move 10%+ in a day does not necessarily result in a path to riches when your position size is relatively small compared to what you can move around very easily in other financial markets.
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