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Topic: The Jet Cash coffee lounge thread. - page 4. (Read 2462 times)

copper member
Activity: 2856
Merit: 3071
https://bit.ly/387FXHi lightning theory
June 28, 2019, 10:17:11 AM
In both cases, could be profitable IF Bitcoin changes prices and on the second case, if you are trading it well. I don't really know the right decision between the two I guess it depends on the person. Maybe a risk taker or not?

I go a bit differently with my trading strategy than most:

I have some funds in cold storage and hardware (proabably about 33%).
I have another 60% in now risk investments (mining, and altcoin holdings).
And the final 7% is set aside for riskier trades (often with leverage).
legendary
Activity: 2814
Merit: 2472
https://JetCash.com
June 28, 2019, 09:32:40 AM
I use Bitcoin core wallets for long term saving, and so far I haven't spent any coins from any of the addresses there. I put some "play" fiat money into a Coinbase pro account, and that is what hasn't made as much profit as my HODL accounts. I shouldn't complain really, as it has made a profit, and if I hadn't moved the money to Coinbase, it would be sitting in a zero interest bank account. Whenever I ended up with a Bitcoin balance with Coinbase, and I decided that selling it would make a notional loss, I just withdrew it into a core wallet. So for my efforts, I've made a bit of fiat profit, and I've added a few Satoshi to my long term stash. I'm still a long way from a Lambo though, even a second hand one.
copper member
Activity: 2562
Merit: 2510
Spear the bees
June 28, 2019, 09:19:17 AM
In both cases, could be profitable IF Bitcoin changes prices and on the second case, if you are trading it well. I don't really know the right decision between the two I guess it depends on the person. Maybe a risk taker or not?
Isolate into a cold wallet and a trading wallet.

I would consider it either going with the flow or trying to steer yourself, rather than risk-taking or not.
There are clear trends in certain scenarios which can provide a profit or mitigate losses. Perhaps not always due to the current nature of crypto, but the ev is high enough to induce pragmatic trades.
copper member
Activity: 2940
Merit: 1280
https://linktr.ee/crwthopia
June 28, 2019, 02:56:54 AM
I think that's the ultimate decision that you have or maybe only me? The decision between these two

  • Keep my Bitcoins safe in a hard wallet and just never touch it (unless you have to)
  • Instead of keeping my Bitcoins in a hard wallet, trade it and get profits from time to time then store in a hard wallet.

In both cases, could be profitable IF Bitcoin changes prices and on the second case, if you are trading it well. I don't really know the right decision between the two I guess it depends on the person. Maybe a risk taker or not?
legendary
Activity: 2814
Merit: 2472
https://JetCash.com
June 28, 2019, 01:50:50 AM
I've made 5 trades over the last month or so, all of which were profitable. The net result is that my Bitcoin holding in this trading account is about 42% less than if I had just kept the initial Bitcoins purchased.

There must be some sort of moral there. Smiley
legendary
Activity: 2814
Merit: 2472
https://JetCash.com
June 27, 2019, 02:17:18 AM
I'm not doing any margin trading. I've got two wallet  classes- long term HODL wallets, and trading wallets. I only add to the HODL wallets. The trading wallets are used to speculate on the price of Bitcoin, and I buy when I think the price is going up, and sell when I think it has topped. If I'm holding Bitcoin when the price has dropped, then I don't sell at a loss, but move the coins into a HODL wallet, because I know the price will recover in the future.

I've been wrong far more times than I have been right. The latest case was when I took a 45% profit, and I should have waited to take a 145% profit. I've been sitting here with Sterling in my trading account, as Bitcoin went on its recent parabolic rise. It's just as well I'm taking a super cautious approach, and only dealing in actuals. I'm showing a reasonable profit at the moment, but it's a lot less than most of the guys I read about.

========>
I've just looked at Coinbase - the 1 hour candles. There was a £2,000 liquidation wick a while ago. We are certainly living in wild and interesting times. It's probably great for accumulation if you are cautious.
copper member
Activity: 2562
Merit: 2510
Spear the bees
copper member
Activity: 2856
Merit: 3071
https://bit.ly/387FXHi lightning theory
June 26, 2019, 04:33:49 PM
Just as I start longing on bitmex, the bitcoin price shoots down and liquidates me. The ltc price (which I was expecting to have a negative correlation with bitcoin and an equal correlation with the dollar) has also been liquidated... I expected btc to go up so my ltc would be safe but it seems I was wrong... I'll tell everyone when I use bitmex again so you'll know what direction the price will be going in (the opposite one to the position I have Grin)...

I made a thread on a bear waves in the economics board, this is either a minor correction or a bear wave. Whatever it is, we have certainly had a summer from the prices at $4k.




I'm going to check out monero, is there a whitepaper?
legendary
Activity: 2814
Merit: 2472
https://JetCash.com
June 26, 2019, 02:34:25 AM
I think Basic Attention Token ( BAT ) is a useful coin. It is community based, and rewards content producers, and those who are prepared to be paid to view selected advertising. It also supports the Brave browser with all its privacy and security features.
copper member
Activity: 2562
Merit: 2510
Spear the bees
June 25, 2019, 01:34:14 PM
I've not used XMR, the coins I consider useful are probably BTC, LTC, ETH and maybe XRP (for its international use). Dash and Decred aren't bad but just seem to keep sinking. Everything else is pretty much useless.
Read into Monero, it's a very interesting coin.

There were also some that were focused on "pooling" computing power and cloud-drive space.

Most others are rehashes or stupid ideas (IOTA) that are completely unnecessary.
copper member
Activity: 2856
Merit: 3071
https://bit.ly/387FXHi lightning theory
June 25, 2019, 01:06:20 PM
It doesn't have many useless coins
There are only a few that are really of significance outside of BTC and XMR.

Most coins are there for whatever reason. First-mover bias and FOMO, I guess.

I've not used XMR, the coins I consider useful are probably BTC, LTC, ETH and maybe XRP (for its international use). Dash and Decred aren't bad but just seem to keep sinking. Everything else is pretty much useless.
copper member
Activity: 2562
Merit: 2510
Spear the bees
June 25, 2019, 12:51:49 PM
It doesn't have many useless coins
There are only a few that are really of significance outside of BTC and XMR.

Most coins are there for whatever reason. First-mover bias and FOMO, I guess.
copper member
Activity: 2856
Merit: 3071
https://bit.ly/387FXHi lightning theory
June 25, 2019, 12:49:53 PM
110 words is huge to do in a second. I probably can't think that fast though. Do they teach you do to that .

Typsey is also a paid service so I'm out already...
Drop into typeracer some time. It takes real sentences from various media (be it games, books, movies)
From what I've heard, Trezor is king when it comes to the hardware wallets. Smiley

Might take a look at that one. I managed to fix my issues with a trezor, there's a button on the mew thing that says "show address on device" which I hadn't noticed.

It doesn't have many coins but since you can only use a limited number with ledger at once then it's quite good (although apparently ledger has a 100 application limit on the new version)...



copper member
Activity: 2562
Merit: 2510
Spear the bees
June 25, 2019, 12:34:18 PM
110 words is huge to do in a second. I probably can't think that fast though. Do they teach you do to that .

Typsey is also a paid service so I'm out already...
Drop into typeracer some time. It takes real sentences from various media (be it games, books, movies)
From what I've heard, Trezor is king when it comes to the hardware wallets. Smiley
legendary
Activity: 2814
Merit: 2472
https://JetCash.com
June 24, 2019, 02:56:10 AM
I've just watched this video, and I really want to do it.
https://www.youtube.com/watch?v=viSJsOUCGu4

What a tremendous idea for a camping holiday
copper member
Activity: 2856
Merit: 3071
https://bit.ly/387FXHi lightning theory
June 19, 2019, 08:59:34 AM
I'm not sure how much I like the hardware wallet. I bought 3 trezors so perhaps a multisig of the three would make me much happier from address collisions.

I have the trezor original, it's open source... You can get the chip printed by any company yourself and they use arm cortex v3 (I think) arm processors (the best processor company for security and privacy imo).

I currently have 25% of my cryptocurrency on an exchange so feel free to ignore anything that comes from me security wise...



My trezor is also good because I can store eth, ltc and btc on there and those are the main trading pairs I use.

The ledger blue looked interesting to me though and if you can multisig with a few hardware devices then it is obviously safer...

My issue with trezor (it might be the same with ledger though) is that the device doesn't seem to derive ethereum a addresses, you just have to assume your computer has it right which is a bit worrying...

(I can use my trezor from my phone and I want to see if 8 can plug both into a portable charger and get them to connect, rather than having to keep using my USBc to micro USB connector).
legendary
Activity: 4354
Merit: 3614
what is this "brake pedal" you speak of?
June 19, 2019, 06:03:47 AM
I really need to investigate hardware wallets. My instinct is to rely on running a full node, and using sensible security precautions on the computer. I feel slightly uncomfortable about using a 3rd party product, especially with a Bluetooth connection. I'm sure this a self-imposed limitation, as so many people seem to be using these wallets, and they have obviously checked the security they offer.

i really suggest a hardware wallet for any significant amount of coin. partly because of its ability to be recreated based with its seed words if lost/stolen/broken, and partly because of its "plausible deniability" feature of having multiple independent wallets on the same device.

that being said, ive run the core wallet on my always on windows desktop pc since 2011. desktop been rebuilt a couple times but the 2011 wallet has always gone onto it and is there now. i use it to receive mining payouts and occasionally send transactions to an exchange. so good computer security and common sense on its uses is the main thing if youre going to keep using a software wallet. i mention it because it seems someone always comes along and says using windows is practically a guaranteed way to get hacked. well *nix is better security wise but windows, when properly configured and updated is pretty good too.

not that i recommend running windows and a software wallet, hardware wallet is the way to go IMO. but it can be done.

i have trezor one, trezor t, and ledger nano s. i like the trezors best.
copper member
Activity: 2940
Merit: 1280
https://linktr.ee/crwthopia
June 19, 2019, 03:51:44 AM
I really need to investigate hardware wallets. My instinct is to rely on running a full node, and using sensible security precautions on the computer. I feel slightly uncomfortable about using a 3rd party product, especially with a Bluetooth connection. I'm sure this a self-imposed limitation, as so many people seem to be using these wallets, and they have obviously checked the security they offer.
I think it would really help you a lot because you only have to connect it when you are transacting. I recently obtained a Ledger Nano X and it works wonderfully, to me at least. I can make and manage my own transactions right on my smartphone. It makes a lot easier when you are on the go most of the time. When I think about worrying with bluetooth, you only turn it on when you are transacting, realistically, it wouldn't be open most of the time. That's just my opinion though.

I'm not that technical when it comes to the securities but no problems so far.

https://shop.ledger.com/pages/ledger-nano-x/
legendary
Activity: 2814
Merit: 2472
https://JetCash.com
June 19, 2019, 03:47:56 AM
I really need to investigate hardware wallets. My instinct is to rely on running a full node, and using sensible security precautions on the computer. I feel slightly uncomfortable about using a 3rd party product, especially with a Bluetooth connection. I'm sure this a self-imposed limitation, as so many people seem to be using these wallets, and they have obviously checked the security they offer.
legendary
Activity: 2814
Merit: 2472
https://JetCash.com
June 04, 2019, 02:47:38 AM
That bread looks good - it's making me hungry.

I'm going to use the coinbase change to back away from (not ) trading, and tryt to revert to a more normal life. I was walking through the woods a couple of days ago, and on looking at a couple of branches, I though that they looked like an ascending triangle. It wasn't a problem, because there weren't any bears about, but it did make me think about the distortions in my current life. I might take a break, and underseal the van or something.

Do you know if it is easy to transfer funds between coinbase accounts? I might use that as a payment option for domain name sales.

OK - I had a look at coinbase, and it looks as if the only way would be for the seller to withdraw to one of my addresses. That might be even better.
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