I had a couple of low ball standing orders get filled during the big sell off yesterday (the 15th) at 1,000, 800 and 600 so I feel pretty good. I had some lower ones in place too, that didn't get hit, but I am still pretty happy since the trades are now all in positive territory. Even if it goes to 0, I am using profits from when I sold my mining proceeds when it was around 4k sat, so all in all good times.
I am not sure what to make of the drama, but if it does pan out now is the time to buy and not back when this thread was started when Sig was trading for 2k plus. I am no longer mining it as with the reward halving and low price it is cheaper to mine something else and buy this directly, but then again my bags are now full enough for my liking until the dev situation sorts itself out a little more. We might make another drop or two before going up again, so I think keeping any buys to sub 1k would be the best strategy for now.
Holy shit, nice catch man. I didn't had any available funds to place my orders in time. I sold some shitcoin with a small gain, had the funds transfered and when my funds arrrived, the price already went up and no low ball offers were filled. Bought a small hand below 1200 though, so I'm happy. I've got a handful of sub 1200 buy orders though, up to 600 sat, watching how it will unfold this week to check if I'm making market orders of those 600-1000 sat orders.
Its pretty much my standard practice for these unknown coins. I mined a bunch, sold most around 4K sat when it was obvious they were getting close to peaking, and just put in some buy orders starting roughly at 1/4 of what I sold them for. This doesn't always work, but when it does it is nice. In crypto sudden spikes up or down are very common, so setting some buy or sell orders well outside the normal trading range can be quite profitable.
Remember back in June when ETH dipped below $1.00 for a second or two on GDAX? Some guy claims he bought up a bunch at 10 cents that GDAX eventually honored, now that was an extreme catch. I had a standing buy in during that time too but wasn't quite that lucky as my bags were filled much higher around $150 at the time. I am not always able to catch these dips or spikes, but I do tend to leave some extreme orders on the books on both sides of a trade "just in case". If you were lucky like the 10 cent GDAX dude, one trade like this could literally change your life. Me, I am happy with these relatively modest 4x gains.
As far a Signatum, if it survives the next few weeks without any more major drama then we should be on the clear again. I think we will see a fake recovery and a couple more sub 1k dips before we are really out of the woods as far as price rebounding, but I look at is as a good opportunity. You just want to buy low enough where if it only recovers to say 1500 you are still in good shape.
I'll also add I am not sure of the immediate price direction, I am considering selling the Sig I acquired at the 1k level now for a quick 200 sat gain as I think it may dip below that again and try to re-position them closer to a 800 sat average entry level. I am not so sure all the bad publicity is over with quite yet so hang on to more buying opportunities.
