Sold another 0.2 BTC at $2830 on BFX (as their price is almost as good as other markets). I setup stepped sell orders for a total of 2 BTC in the $2800 to $3980 range.
Topic: nrd525 Market Tracker - page 34. (Read 83024 times)
So if anyone appreciates this thread because by taking the opposite of my advice you are making lots of money, please PM me and arrange a donation
Sold another 0.2 BTC at $2830 on BFX (as their price is almost as good as other markets). I setup stepped sell orders for a total of 2 BTC in the $2800 to $3980 range.
Sold another 0.2 BTC at $2830 on BFX (as their price is almost as good as other markets). I setup stepped sell orders for a total of 2 BTC in the $2800 to $3980 range.
We're trying to set new BTC high and go to $3000. Will we make it?
Dogecoin is also going for new highs.
https://coinmarketcap.com/currencies/dogecoin/#charts
Bitfinex adds ICO IOTA token. Is this the first ICO to break into a major exchange (other than Poloniex)?
I still think the bull market will burst, but we could easily see another leg up. It's all guessing!
Dogecoin is also going for new highs.
https://coinmarketcap.com/currencies/dogecoin/#charts
Bitfinex adds ICO IOTA token. Is this the first ICO to break into a major exchange (other than Poloniex)?
I still think the bull market will burst, but we could easily see another leg up. It's all guessing!
US stock market is at ATH. A bullish stock market is good for bitcoin, but a bearish stock market (which will happen eventually) is bad.
Awesome paper!
They found a lot of ETH ponzi schemes, though not that many ETH were involved (40,000+) - and a lot of that was before the DAO hack/bug.
It is important to recognize how your view of about the significance of events/facts/fundamentals is colored/biased by the BTC price. For instance, if we were in a bear market - the developer drama would be more significant. As we're in a bull market, Ethereum (and other alt-coins) is seen as a vehicle of opportunities - not ponzis.
Of course ETH isn't a ponzi scheme. It's a platform for ponzi schemes (and other things).
The ICO issue is much bigger than the ponzis.
They found a lot of ETH ponzi schemes, though not that many ETH were involved (40,000+) - and a lot of that was before the DAO hack/bug.
It is important to recognize how your view of about the significance of events/facts/fundamentals is colored/biased by the BTC price. For instance, if we were in a bear market - the developer drama would be more significant. As we're in a bull market, Ethereum (and other alt-coins) is seen as a vehicle of opportunities - not ponzis.
Of course ETH isn't a ponzi scheme. It's a platform for ponzi schemes (and other things).
The ICO issue is much bigger than the ponzis.
ICO Bubble gains steam. ETH new ATH ($238).
http://www.coindesk.com/35-million-30-seconds-token-sale-internet-browser-brave-sells/
http://www.coindesk.com/35-million-30-seconds-token-sale-internet-browser-brave-sells/
The (first?) scientific study about ICOs based on Ethereum
https://arxiv.org/pdf/1703.03779.pdf
ICO Bubble gains steam. ETH new ATH ($238).
http://www.coindesk.com/35-million-30-seconds-token-sale-internet-browser-brave-sells/
http://www.coindesk.com/35-million-30-seconds-token-sale-internet-browser-brave-sells/
Sold 3 BTC at around 2320 on Gdax. Now I'll probably try to hold the rest until they double or something crazy.
Sold 2.7 BTC on GDAX at 2260 average. Got 10 BTC left.
Sold 1.4 BTC on GDAX at 2280.
Really? Full 1.4 BTC? Peanuts...
Sold 1.4 BTC on GDAX at 2280.
I don't think BFX is the best exchange for trading, I just trust them more than Poloniex. I think lending out swap is risky, but worth the risk in the long run (2+ years).
I wanted to sell around half my holdings, but they were locked up so I only sold that 1.3 BTC.
It looks like we are in a bear market. $2700 was the top. I'm certain that it won't get as low as last time, so we should definitely stay above $200 and probably $500. But other than that, speculators love a good bear market almost as much as a bull one. I might be very scared/scarred from the 2014-2015 bear market. But I think most people will refer to that, in which case we'll have lots of opportunities for it to appear to stabilize as we beat our way down to unexpected lows.
If you like risk, try shorting all the major alt-coins.
I wanted to sell around half my holdings, but they were locked up so I only sold that 1.3 BTC.
It looks like we are in a bear market. $2700 was the top. I'm certain that it won't get as low as last time, so we should definitely stay above $200 and probably $500. But other than that, speculators love a good bear market almost as much as a bull one. I might be very scared/scarred from the 2014-2015 bear market. But I think most people will refer to that, in which case we'll have lots of opportunities for it to appear to stabilize as we beat our way down to unexpected lows.
If you like risk, try shorting all the major alt-coins.
Nice thread, I really like your insights.
However I was wondering why you are still recommending BFX as the exchange of choice.
I lost a lot of trust in them last year during the hack and am surprised how they have managed
to keep their position as one of the high-volume exchanges.
What makes you so confident that it´s still a good idea to lend out funds at BFX?
I admit that the rates are very attractive, but as I mentioned I´m lacking the trust
I once had in BFX before the events of 2016.
Regarding the BTC price I sold all my holdings at roughly 2300 with the intention to buy in the 1300-1400 $ / BTC
range. If this works out this will lead to a big increase in my BTC holdings.
I see that you are thinking of employing a similar strategy.
However I was wondering why you are still recommending BFX as the exchange of choice.
I lost a lot of trust in them last year during the hack and am surprised how they have managed
to keep their position as one of the high-volume exchanges.
What makes you so confident that it´s still a good idea to lend out funds at BFX?
I admit that the rates are very attractive, but as I mentioned I´m lacking the trust
I once had in BFX before the events of 2016.
Regarding the BTC price I sold all my holdings at roughly 2300 with the intention to buy in the 1300-1400 $ / BTC
range. If this works out this will lead to a big increase in my BTC holdings.
I see that you are thinking of employing a similar strategy.
Great commentary on the BFX premium:
https://www.reddit.com/r/BitcoinMarkets/comments/6dfnsr/why_bitfinex_went_from_a_premium_in_its_cryptousd/
https://www.reddit.com/r/BitcoinMarkets/comments/6dfnsr/why_bitfinex_went_from_a_premium_in_its_cryptousd/
As the BTC price is falling by the minute (2030 on BFX), I'm pretty sure that we reached the peak. Now it's a bear market. And if we don't activate SegWit or get an ETF it could be a slow(ish) drag down to $1000 or worse.
I was just thinking around 11 hours ago, that I'd be pretty happy to sell up to half my BTC (at $2450 on BFX or $2600 on Coinbase) if they weren't locked up in the swaps for another 4 days.
I was just thinking around 11 hours ago, that I'd be pretty happy to sell up to half my BTC (at $2450 on BFX or $2600 on Coinbase) if they weren't locked up in the swaps for another 4 days.
Hmm, just realized I cannot margin trade on Bitfinex as I'm US. It isn't really margin trading if I'm just selling my own BTC several days before I get them back from lenders. I wonder if the SEC would let them do that? Or maybe it isn't worth implementing.
But I can margin trade on GDAX. There is a 10k limit, but that is ok with me. Has anyone tried this?
Edit: I cannot margin trade on GDAX, need to be an investor with $5 million. That isn't happening.
But I can margin trade on GDAX. There is a 10k limit, but that is ok with me. Has anyone tried this?
Edit: I cannot margin trade on GDAX, need to be an investor with $5 million. That isn't happening.
The price rate of increase (log chart of course) continues to increase. The dips are deeper and especially steeper The last dip was $496 on Bitstamp (or 18%), $440 on Bitfinex (16.4%), $504 on BTCe (18.4%) and 12.5% on Okcoin (Yuan). Of course the dip might not be over in which case it would be less steep.
By contrast the last dip on May 22 was around 10-11%. And the May 12 dip was around 12%.
I watched some youtube videos about ICOs - total bubble which might fall 80-95%. Notably, the SEC is going to go ballistic and shut down / regulate the ICOs (my completely non-professional opinion, but they shut down all the previous BTC stock exchanges and this time it will be faster because the stakes are much higher). Though I'm surprised they haven't taken on the DAO yet. They might be slow to act.
Apparently Coinbase and GDax are having trouble with up-time. I was thinking about transferring BTC to sell on those sites (as the premium was up to 6% over BFX ten hours ago), but maybe it isn't a good idea. Also my BTC is still locked up for 4-7 days in swaps.
We might have one more push in us, in which case we'll be pushing for possibly $3000. (We might also have two pushes or already be at the top).
By contrast the last dip on May 22 was around 10-11%. And the May 12 dip was around 12%.
I watched some youtube videos about ICOs - total bubble which might fall 80-95%. Notably, the SEC is going to go ballistic and shut down / regulate the ICOs (my completely non-professional opinion, but they shut down all the previous BTC stock exchanges and this time it will be faster because the stakes are much higher). Though I'm surprised they haven't taken on the DAO yet. They might be slow to act.
Apparently Coinbase and GDax are having trouble with up-time. I was thinking about transferring BTC to sell on those sites (as the premium was up to 6% over BFX ten hours ago), but maybe it isn't a good idea. Also my BTC is still locked up for 4-7 days in swaps.
We might have one more push in us, in which case we'll be pushing for possibly $3000. (We might also have two pushes or already be at the top).
Sold 1.33 BTC for $2440 to $2490.
BFX USD swap rates are up to 0.4%/day.
I've stopped renewing it and lending it out, so I can use it to do a margin-short (and effectively sell part of my BTC), but it is very tempting to just lend it out. Looks like they are running out of swap funds. These high rates might be causing the negative BFX BTC premium, as people are transferring BTC in and selling them to get the 0.2%+ per day. BFX is currently $50 (or 2%) below Bitstamp and Coinbase.
I've stopped renewing it and lending it out, so I can use it to do a margin-short (and effectively sell part of my BTC), but it is very tempting to just lend it out. Looks like they are running out of swap funds. These high rates might be causing the negative BFX BTC premium, as people are transferring BTC in and selling them to get the 0.2%+ per day. BFX is currently $50 (or 2%) below Bitstamp and Coinbase.
I'm getting ready to sell part of my bitcoins. I probably won't actually do it. But if the price spikes to, say $3000, it is good to be in a position where you can sell some of them. So I'm stopping my renewals of BTC swap lending. That said, it is mostly locked in for 7 days - so I'm hoping the price spike (and end of the rally) doesn't come before then.
If Bitfinex adds Dogecoin, get ready for a general crash.
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