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Enkidu
"No-Such-Person"


Registered: 07/09/16
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: mndfreeze] 1
#24863309 - 12/23/17 06:55 AM (6 years, 1 month ago) |
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Im poor so I only have 100 ripple.
I have high hopes for XLM and I only have 287 of those.
Wish I woulda made a move this drop and grabbed some coin while i had the opportunity, does anyone else feel this is easily a predictor for future waves?
This drop was an amazing opportunity to sell and buy back in with easy gains and go for another ride.
I think i might sit it out and watch until the next fall, then make my move.
Only problem is, I definitely believe one of these falls could rebound and never drop to those levels again. Might miss the ship.....
-------------------- Within You , Without You
      
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SirShroomsAlott
Howdy



Registered: 05/15/14
Posts: 6,945
Loc: United States
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Enkidu] 2
#24863561 - 12/23/17 10:25 AM (6 years, 1 month ago) |
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This is just another wave of god knows how many that came before it. It'll go down again with time and go back up again, this is literally not even close to being new. If a drop like yesterday doesn't happen again before January I wouldn't expect it and it'll probably be hard to time when it'll happen again even though corrections and pullbacks on a smaller scale will happen continuously.
A lot of people cash out before the dips and cash in during them, happens with every crypto but yesterday in particular was basically just a giant bargain sale across the whole market. I didn't get to cash out before the dip but I was able to swap around some alts and throw money in again for the first time since I initially invested because of it 
It will definitely happen again, always does but at the same time it's good for the market in general.
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LogicaL Chaos
Ascension Energy & Alien UFOs




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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: SirShroomsAlott]
#24863569 - 12/23/17 10:31 AM (6 years, 1 month ago) |
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So if I cash out when its 20,000 then cash in when its 10,000, would u own more Bitcoin in the end because of it?
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trendal
J♠



Registered: 04/17/01
Posts: 20,815
Loc: Ontario, Canada
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: LogicaL Chaos] 2
#24863576 - 12/23/17 10:37 AM (6 years, 1 month ago) |
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Yes, about 2x as much.
--------------------
Once, men turned their thinking over to machines in the hope that this would set them free. But that only permitted other men with machines to enslave them.
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Enkidu
"No-Such-Person"


Registered: 07/09/16
Posts: 10,698
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: LogicaL Chaos] 1
#24863579 - 12/23/17 10:39 AM (6 years, 1 month ago) |
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yeah dude. Or you could take your gains off the top and have the same number of coins.
I'm not really seeing any huge drops happening consistently though.
Maybe the charts im looking at suck or i didn't spend much time looking, but it seems like this was the first major drop, and I don't see any other major drops in the history.
Not saying that it won't become a consistent thing, just saying that from my standpoint, this seems to be the first major drop.
Is that wrong...? My friend keeps telling me there are consistent trends. And I agree there is consistent volatility, but I don't necessarily see any consistent trends as far as this most recent correction.
There seems to be consistent gains with small drops on the way, not including this most recent drop/correction.
-------------------- Within You , Without You
      
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SirShroomsAlott
Howdy



Registered: 05/15/14
Posts: 6,945
Loc: United States
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Enkidu]
#24863583 - 12/23/17 10:41 AM (6 years, 1 month ago) |
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Yes it is wrong but you'd of had to pay attention for years to notice this wasn't even close to the worst drop it's seen, if anything it was relatively normal. In fact a drop around the same % as yesterday has happened around 7 times this year alone.
Posted it before but this video pretty much sums it up in a nutshell.
Edited by SirShroomsAlott (12/23/17 10:47 AM)
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LogicaL Chaos
Ascension Energy & Alien UFOs




Registered: 05/12/07
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: trendal]
#24863590 - 12/23/17 10:45 AM (6 years, 1 month ago) |
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Shit, I gotta play this like a stock.
What am I doing
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Enkidu
"No-Such-Person"


Registered: 07/09/16
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: SirShroomsAlott]
#24863688 - 12/23/17 11:44 AM (6 years, 1 month ago) |
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Quote:
SirShroomsAlott said: Yes it is wrong but you'd of had to pay attention for years to notice this wasn't even close to the worst drop it's seen, if anything it was relatively normal. In fact a drop around the same % as yesterday has happened around 7 times this year alone.
Posted it before but this video pretty much sums it up in a nutshell.
Thanks for the video dude.
Lmfao at that the way dude talks, "and then it crashed!"
-------------------- Within You , Without You
      
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Stonehenge
Alt Center


Registered: 06/20/04
Posts: 14,850
Loc: S.E.
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Enkidu] 1
#24863699 - 12/23/17 11:55 AM (6 years, 1 month ago) |
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Warren buffet perhaps the most successful investor of all said that the best thing is to get in and stay in. He was talking about stocks but its the same principal. That doesnt mean you never get out but he laughed at day traders scalping small profits. Since we don't know when the next dip will be its best to just hold onto a coin until you see evidence its going to tank.
But I see people doing the opposite all the time. The ones that do well they sell off some or most and use it to speculate on other coins. Or sometimes they just keep the money. Then we see posts of 'I sold too soon damn it'. If you need money cash out the ones that didn't do well. But people think they are losing money if they sell below what they paid. They already lost the money, selling or keeping doesn't change that. Odds are the poor performers will keep doing poorly and the good ones will keep on doing well.
Same thing in vegas, a tourist will sit for hours to win back what he lost but if he gets winner, he jumps up and leaves. So they win small usually and lose big now and then. In vegas the odds are against you, here we have a rising tide to work with.
-------------------- “A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835) Trade list http://www.shroomery.org/forums/showflat.php/Number/18047755
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Enkidu
"No-Such-Person"


Registered: 07/09/16
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Stonehenge] 1
#24863816 - 12/23/17 12:36 PM (6 years, 1 month ago) |
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Stone, I basically have your strategy as my own.
My original strategy was spend what I don't care to lose, on investments I think have real potential for future gains, and hold.
My friend keeps trying to convince me to pick good buys before the hype hits, buy big, then dump after the hype.
For example, he said he thinks verge is going to shoot up because they have a tech announcement coming up, and seems people flock and buy in those cases, especially with hype going on about it.
Basically we are at this consensus where we plan to buy and hold coins long term, possibly dump before drops and rebuy if we can predict an event like this current drop, but also look for those opportunities of quick growth.
If he's right, I think verge is around $.20 or something. He was thinking of buying a couple hundred, then if the tech announcement causes a big spike, sell and take the gains. Some people were predicting a rise up to or possibly past $1, but I haven't researched this particular coin at all myself.
So far, i've only bought and held, and I am definitely UP. Really wish I had a couple $ when the drop came, but definitely watching the side lines waiting to see how I want to play when the time comes for a move..
Good luck guys,
-------------------- Within You , Without You
      
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SirShroomsAlott
Howdy



Registered: 05/15/14
Posts: 6,945
Loc: United States
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Enkidu] 2
#24863830 - 12/23/17 12:42 PM (6 years, 1 month ago) |
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I've probably made the most profit off verge at this point or at the very least 50% of my profit on it. literally all because I chose to take a gamble with no prior knowledge of it thanks to Asante and bought 200k coins for less than a penny right before it started to burst through the roof, unfortunately I'm not currently holding the same amount because I've traded some for others but still no complaints here. NOW ANSWER MY PM ASANTE
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Enkidu
"No-Such-Person"


Registered: 07/09/16
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: SirShroomsAlott]
#24863907 - 12/23/17 01:19 PM (6 years, 1 month ago) |
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Nice.
Nice buy.
You think its still a solid investment ?
Been hearing some good things about them...
-------------------- Within You , Without You
      
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geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


Registered: 05/08/01
Posts: 23,417
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Enkidu]
#24864607 - 12/23/17 07:34 PM (6 years, 1 month ago) |
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Opted to take ~20% of my holdings off the table this morning. We've had a nice bounce off the Friday lows and I am not expecting an immediate rush toward new highs. ETH, XBT and XMR are all running into short-term overhead resistance and I'd rather have some cash available to take advantage of a continued breakdown to lower prices. In acknowledgement of how quickly the market can reverse and thus how difficult it can be to catch a quick trade (especially in the face of exchange outages during periods of high volume), I still have considerable skin in the game as I don't see any particular event that would negate the prevailing long term trend higher. Nevertheless, I wish to respect my trading discipline by capitalizing on a portion of the massive gains on my books, while simultaneously removing a measure of potential emotional distress in the event of a continued selloff into the New Year, as I step away from my desk to spend time with family over the holidays. Best of luck, Merry Christmas and Happy New Year to all!
Quote:
Enkidu said: I'm not really seeing any huge drops happening consistently though.
Maybe the charts im looking at suck or i didn't spend much time looking, but it seems like this was the first major drop, and I don't see any other major drops in the history.
If you're viewing your charts in Linear Scale, the recent drop will appear more subjectively significant because it is from a higher nominal value and thus covers move $-ground when it falls. However, on a %-basis, the recent pullback is consistent with bitcoin's history of rapid corrections that often fall between 25%-40%. Some chart software (including that at CoinMarketCap.com) will allow you to toggle to Log Scale, which gives you a better visual representation of the severity of drops over time, since a $0.10 move on a $0.20 issue is a whoppin' 50%, but when viewed on a historical chart in linear scale after the issue has reached $100, you can hardly even notice the drawdown.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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Bodhi of Ankou
*alternate opinion blocks path*


Registered: 06/02/09
Posts: 24,778
Loc: Soviet Canukistan
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: SirShroomsAlott] 1
#24864616 - 12/23/17 07:37 PM (6 years, 1 month ago) |
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Quote:
SirShroomsAlott said: I've probably made the most profit off verge at this point or at the very least 50% of my profit on it. literally all because I chose to take a gamble with no prior knowledge of it thanks to Asante and bought 200k coins for less than a penny right before it started to burst through the roof, unfortunately I'm not currently holding the same amount because I've traded some for others but still no complaints here. NOW ANSWER MY PM ASANTE 
I was all in on XVG at 80. If I held till now I'd be at a 134k.
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SirShroomsAlott
Howdy



Registered: 05/15/14
Posts: 6,945
Loc: United States
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Bodhi of Ankou]
#24864642 - 12/23/17 07:53 PM (6 years, 1 month ago) |
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I sold out completely earlier today when it hit almost 30 cents, if it manages to hit .20 or lower again I'll buy back the same amount I sold when it was around 30 cents and keep the remainder in bitcoin or ethereum.
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mndfreeze 
Shroomery Secret Service




Registered: 04/22/02
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: SirShroomsAlott]
#24864742 - 12/23/17 08:52 PM (6 years, 1 month ago) |
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I found this guy when looking for other information, but he puts out a daily market watch kind of video and discusses general strategies, etc
-------------------- Nothing says love like grannies prolapsed anus! quote]Urb said: I know... Its fucked up... Ill fix it minyana..[/quote]
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Enkidu
"No-Such-Person"


Registered: 07/09/16
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: mndfreeze]
#24865690 - 12/24/17 10:30 AM (6 years, 1 month ago) |
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Thanks geo! appreciate you man.
Anyone considering grabbing nxt or the free ignis drop ...?
Certain platforms support it by the way, not sure all.
But I was definitely considering it, especially with prices at their current lows.
Anyone else on nxt ?
-------------------- Within You , Without You
      
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HamHead
Hard Ass Motherfucker



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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Enkidu]
#24865845 - 12/24/17 11:50 AM (6 years, 1 month ago) |
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Quote:
Enkidu said: Thanks geo! appreciate you man.
Anyone considering grabbing nxt or the free ignis drop ...?
Certain platforms support it by the way, not sure all.
But I was definitely considering it, especially with prices at their current lows.
Anyone else on nxt ?
If you're in NXT, be ready to sell on the 28th when they do an airdrop. I hear it may tank shortly after.
Heads up, be prepared.
-------------------- The Italian researchers’ findings, published by the INT’s scientific magazine Tumori Journal, show 11.6% of 959 healthy volunteers enrolled in a lung cancer screening trial between September 2019 and March 2020 had developed coronavirus antibodies well before February. https://www.reuters.com/article/us-health-coronavirus-italy-timing-idUSKBN27V0KF This online first version has been peer-reviewed, accepted and edited, but not formatted and finalized with corrections from authors and proofreaders https://www.icandecide.org/
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Enkidu
"No-Such-Person"


Registered: 07/09/16
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: HamHead]
#24865969 - 12/24/17 12:50 PM (6 years, 1 month ago) |
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My plan was to grab NXT right before the ignis airdrop, if the price continues to drop, then sell both right after the drop.
Think its a risky move...?
-------------------- Within You , Without You
      
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mndfreeze 
Shroomery Secret Service




Registered: 04/22/02
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Enkidu]
#24866067 - 12/24/17 01:55 PM (6 years, 1 month ago) |
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That seems really risky? With how fast the prices can drop with coins you mnight not be able to sell off quick enough. and the price will probably be pretty high right before the drop happens because everyone is going to try to do what you want to do.
-------------------- Nothing says love like grannies prolapsed anus! quote]Urb said: I know... Its fucked up... Ill fix it minyana..[/quote]
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