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Topic: Jesse Liver-no-more - page 2. (Read 13946 times)

legendary
Activity: 1008
Merit: 1000
Making money since I was in the womb! @emc2whale
September 13, 2014, 03:19:52 AM
#88
 Grin

I wanna see how this thread plays out.


EDIT: BTW, that was not us that spiked xst as you have circled on that chart. That was all the great pumper MrNet.

No credit goes to us for that masterpiece.

legendary
Activity: 3738
Merit: 1708
CoinPoker.com
September 12, 2014, 11:53:31 AM
#87
Its just too bad you can't short any of these alt-coins, would be such easy money.
hero member
Activity: 938
Merit: 1000
September 12, 2014, 06:30:13 AM
#86

loved the graph. is there a rule you stick to for when to trade out of a rising position? like out a percentage based one or do you watch for a change in the trend?

Initially I have the targets in mind, which are typically previous recently-made close-by spike-up highs, followed by further out spike-up highs further in the past on volume.
If, however, the position has a ridiculously high amount of volume in its rise, like higher volume than has been seen in the recent past, I stick it out and wait for a sell signal to form in the form of red volume candles following large green candle spike-ups.
If you look at the calls I made in XC, VRC and CLOAK you can see the large red volume candles which developed after large green candles. The large red candles were essentially the whale-pumpers finishing getting out of the position while the newbie traders were buying in large amounts at the precise wrong time. During that time you also see the sentiment on the BCT forum for the coin suddenly turn into 'we're the next Bitcoin' and other ridiculously bullish sentiments.  
It's very much an art-form if the position has this kind of momentum whereas the initial target is pretty scientific and simple. Hopefully this all makes sense.

JL

All newbie traders should watch this thread. Shut up and learn from JL.
Btw the whale-pumpers will start to hate you, JL.

Thanks for your insightful comment.
sr. member
Activity: 394
Merit: 250
Crypto enthusiast
September 12, 2014, 03:52:20 AM
#85

loved the graph. is there a rule you stick to for when to trade out of a rising position? like out a percentage based one or do you watch for a change in the trend?

Initially I have the targets in mind, which are typically previous recently-made close-by spike-up highs, followed by further out spike-up highs further in the past on volume.
If, however, the position has a ridiculously high amount of volume in its rise, like higher volume than has been seen in the recent past, I stick it out and wait for a sell signal to form in the form of red volume candles following large green candle spike-ups.
If you look at the calls I made in XC, VRC and CLOAK you can see the large red volume candles which developed after large green candles. The large red candles were essentially the whale-pumpers finishing getting out of the position while the newbie traders were buying in large amounts at the precise wrong time. During that time you also see the sentiment on the BCT forum for the coin suddenly turn into 'we're the next Bitcoin' and other ridiculously bullish sentiments.  
It's very much an art-form if the position has this kind of momentum whereas the initial target is pretty scientific and simple. Hopefully this all makes sense.

JL

makes sense. thanks for sharing.
sr. member
Activity: 394
Merit: 250
Crypto enthusiast
September 12, 2014, 03:50:47 AM
#84
Hi , I am confused, clearwallet is all empty, no buys/sells at all..
what did I miss...     erm   Lips sealed I have my coins there and dunno what's going on .


cheers

I think JL said he pulled his sell orders. if you want to buy more he said to PM him. If you own jltradingcoins they should be visible under "My Balances".
sr. member
Activity: 394
Merit: 250
Crypto enthusiast
September 11, 2014, 10:32:07 PM
#83
Reading through BobsSurplus pump and dump scheme it appears his group was responsible for the XST pump like I kind of figured.

Looking at volume signatures and price on XST there were definite signs of when his pump started and then the dump started....you can't camouflage a bunch of whales all buying and selling an illiquid crypto over the course of many days...

Anyhow, no need to pay his, IMO, exorbitant 'club' fee of 1 or 2 BTC he demands.... Just buy some JLCoins.
JL

loved the graph. is there a rule you stick to for when to trade out of a rising position? like out a percentage based one or do you watch for a change in the trend?
sr. member
Activity: 338
Merit: 255
September 10, 2014, 12:17:25 PM
#82
LXC and VIA going down like that... mh.

Not looking good )

Im travelling atm, but still follow the thread, ninja style.

Eth.
full member
Activity: 212
Merit: 100
September 10, 2014, 11:18:06 AM
#81
Markets moving quite a bit today, hopefully Jesse traded well Smiley
legendary
Activity: 1456
Merit: 1000
September 10, 2014, 07:13:03 AM
#80
What impact will Foreign Account Tax Compliance have on the price of Bitcoin and adoption by whales?

In particular:

* Does this bring non-US Bitcoin exchanges and other businesses into the reach of US regulators?

* Will whales avoid Bitcoin because they can't exchange on liquid overseas services?

* Is this a big blow for Litecoin?

We saw that when the online gaming ban was introduced, executives at stock market listed casino operators from the UK were arrested when they travelled to the USA, because US citizens had accessed overseas online casinos.

http://www.irs.gov/Businesses/Corporations/Foreign-Account-Tax-Compliance-Act-FATCA
newbie
Activity: 56
Merit: 0
September 09, 2014, 11:59:16 AM
#79
Like offering different risk packages with JLT coin?

I think it might get a bit complicated, especially if you have two sets of "clients" who are expecting returns. Lets say a long term trade doesn't pan out properly, but then the fewer short term trades make some headway- the people with stake in the longer-term trade might feel hard done by. Just a thought on possible outcomes....

Any other update with the original JLTcoin and dividends?

I agree

Would it not be beneficial to just split the portfollio into different risk segments which are governed buy the length of trade?  i.e 20% long-term 30% Medium term and 50% short-term etc...

I am fairly new to trading as such however that, to me, sounds more straightforward then the potential over complications of running two seperate schemes.  
The fact is if someone doesnt want to invest in the periods that JL stipulates are to be traded then they would need to find another system that works best for them.  


I have/had 3 orders of 100 VIA - i am unsure if they have filled as yet - i will be checking later.  Looking forward to reviewing progress in a months time.

Good luck  

full member
Activity: 212
Merit: 100
September 09, 2014, 11:09:00 AM
#78
Like offering different risk packages with JLT coin?

I think it might get a bit complicated, especially if you have two sets of "clients" who are expecting returns. Lets say a long term trade doesn't pan out properly, but then the fewer short term trades make some headway- the people with stake in the longer-term trade might feel hard done by. Just a thought on possible outcomes....

Any other update with the original JLTcoin and dividends?
sr. member
Activity: 338
Merit: 255
September 06, 2014, 10:31:14 PM
#77
I agree with all your good points, Eth, however I wouldn't call issuing more JLTRADINGCOIN's a 'devaluation' due to the fact that the coins, like an ETF or mutual fund, have an underlying asset backing it that is being used in trading and can be withdrawn theoretically at NAV. ETF's and mutual funds issue and destroy shares all the time but there is no devaluation and no inflation going on because there is an underlying asset (a basket of stocks). So hypothetically if I issued and sold 1,000,000 JLTRADINGCOIN's there would be no effect on the value or price of the coin at all. It would simply mean the size of the JLTRADINGCOIN asset pool is larger; NAV (assets/coins) would still be the exact same as if there was only 100 JLTRADINGCOIN's.
Basically, this is not at all like the other crypto-coins out there which will devalue with inflation if they issue more coins.

JL

Point taken, yes I was thinking more in "normal coin" parameters, didn't really count with the fact that the money collected from the token purchases will be also used to trade, therefore generating bigger dividends.


Eth.
legendary
Activity: 1457
Merit: 1001
September 06, 2014, 06:18:41 AM
#76
just an idea...JLTRADINGCOIN should have its own website so future investors can go there to get full info about it instead of relying on this forum
sr. member
Activity: 338
Merit: 255
September 06, 2014, 03:37:21 AM
#75
Is there a second market?
As soon as I figure out a simple and efficient way of posting a NAV, and also getting more buyers of the coin which would add liquidity, I think it'll allow for a flourishing second market.

Here's what I'm thinking short-term: As soon as I wrap up this trade (1-2 more days) I'd like to test out a distribution and then I'd like to open up the JLTRADINGCOIN issuance again and if I have time I'd like to amp up marketing of this thing. There is definitely a niche for a 'crypto portfolio' management-type services for those who don't have time to research all these cryptos or watch the charts.

Let me know in PM when you want to do so, i might be able to help in that aspect.

Quote
Furthermore, with the massive amounts of scam coins recently, and the overall bearish market, I think a lot of new money has become disillusioned with cryptos.

So true, that is why you should be extra careful, since the value of your issued asset is merely based in our trust on you as TA artist and trader.

Quote
I'm considering moving this over to the Announcement threads to get more eyeballs and I could pretty easily get some crypto-articles written about what I'm doing.

I strongly suggest you to do it only when all the procedures are finished, tested, possible bugs/problems polished, and optimally with already some positive results, so the argument will be a valid one to invest into, and most appealing to the main public.

Quote
Medium-term (1-3 months?) I'd like to sell out all of the initial 100k coins which would leave a decent-sized fund to trade with (40-50 BTC perhaps) and then I could easily start doing a daily NAV posting each evening (USA time).

Sounds great! Hopefully more than that. Please remember that your project is also helping VIA grow, since the only way to access to purchase the assets is XCH. Good choice IMO.

Quote
With daily NAV postings and more attention on it I imagine people would start asking for some sort of 3rd-part audit of funds just to make sure there wasn't really a ponzi-scheme going on (I hate to say it but I may have opened a Pandora's Box for all sorts of potential fraudsters to take advantage of).

Nicely thought, it is going to be requested soon or later as returns start to flow, 100% guarantee, so the sooner you are ready to adopt this procedure, the better/more professional image your project will give to investors.

Quote
Long-term (6-12+ months) I left coin issuance open-ended; so even though I set an initial limit of 100k coins I could raise that to whatever I feel I'm capable of trading, while also not completely becoming too big of a trader for the alternate crypto market.

Please be careful with this. Like you've said, is a long term step and many things will happen till we get to that point, but open-ended sounds to me like a high devaluation for the asset. My suggestion would be to let the 100k flow first for a while, if successful, the asset will greatly increase in value (due to shares limit:return ratio) and after that you can choose what is best, I am guessing that if you really come to the decision to increase the number of assets you will have to add value also, after all and even if this is a very experimental project (for crypto), please do realize that the actual investors are depositing VIAs based on the fact that there is a 100k limited shares.

If (hopefully) the time comes when you feel that the ±50 BTC operating funds are getting small, you could step up to a higher grade organization, a trading agency of some sort perhaps. If properly consolidated it could have a bright, bright future.

For now, let's see what the present give us.

Thanks for reading,

Eth.
legendary
Activity: 984
Merit: 1000
September 05, 2014, 11:27:16 PM
#74
Is there a second market?
full member
Activity: 212
Merit: 100
September 05, 2014, 04:21:59 PM
#73
When will JLTcoin be available to buy again?  Grin

feel like I should put in another 25 or so just to have a nice rounded number...
hero member
Activity: 574
Merit: 500
September 05, 2014, 12:16:16 PM
#72
You Must Agree to these Risks before purchasing JLTRADINGCOIN:
1) This trading plan could absolutely fail and your principal could be lost.
2) this endeavor is reliant upon the VIAcoin exchange rate staying steady.
3) I make no guarantees of performance whatsoever.
4) If something happens to me or incapacitates me I will be unable to purchase back anyone's JLTRADINGCOIN's if they want to withdraw. Additionally, I may be unable to do daily sweeps of any new buys. Additionally, if something severe happens I do not currently have a back-up plan yet in place.
5) This topic on bitcointalk was solely made for educating and this JLTRADINGCOIN is solely an experiment
6) I hate to do this one, but you must essentially think of this coin right now as a donation to me... to make this 'legal' I must insist that you treat this as a donation to me

Maybe TradeFortress has left me paranoid, but that's quite a lot of "I don't need to return your coins" disclaimers.

Is your real identity known?
Are you in the WoT, or vouched for by any trustworthy community members?
newbie
Activity: 56
Merit: 0
September 05, 2014, 11:43:43 AM
#71
Funds are currently in the midst of a volatile trade, so I rather not open it up with assets potentially whipsawing all over the place but NAV remaining constant. I will re-open it upon completion of this trade though, which might be in a couple days from now.
JL

I appreciate your honesty and fairness.
I have a 500VIA "donation" set aside for your fund.
Looking forward to doing business with you.

Have a profitable weekend.

Cheers
full member
Activity: 212
Merit: 100
September 05, 2014, 11:34:59 AM
#70
Interesting fact: JLTradingCoin is the first *real* world use of an asset on ClearingHouse. Lots of people went on a name squatting exercise (which is actually pointless IMO), but JLTradingCoin is actually being used seriously and even paying out dividends. This is excellent! Congrats!

Glad I was able to invest in both Viacoin and Jesse Smiley. Glad to be apart of the first real world asset on ClearingHouse.
legendary
Activity: 1064
Merit: 1000
September 05, 2014, 07:24:33 AM
#69
Interesting fact: JLTradingCoin is the first *real* world use of an asset on ClearingHouse. Lots of people went on a name squatting exercise (which is actually pointless IMO), but JLTradingCoin is actually being used seriously and even paying out dividends. This is excellent! Congrats!
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