/CCG/ - Cryptocurrency General - BTC Is still bullish as fuc

My current thoughts

Alts - ICN, ETC, FCT, and REP.

For BTC, I'm conflicted. We're still technically very bullish but on the weekly/monthly charts.... we could be in the 5th wave of Elliot wave theory and possibly sending into a downtrend to 780 or 660 after a psych out uptrend in the next few weeks. After we hit those possible targets, we're gonna confirm megabull run coming.


Just for the new bitcoin traders, here's a strategy I've been practicing with when I get bored and need a little refresher on how to trade short term.

Register on bitmex, go to Bitcoin (XBT) and go to March 31st (Futures). Place in your orders at x50 leverage, put an order (market or limit), and put 1% of whatever your account is. Learn to form a plan with this.

I just pull out anytime I make .01btc (for poker lol) or hits my targets, and exit my position.

>>1710975
How much is you average profit above buyng and holding? If you don't so that, of course.

Holding some ETH, Monero, and expecting LTC to bounce up a lot after segwit implementation. Darcrus Tokens looks like a sleeper, the dev has a really good track record.

>what wallet do you use? how secure is it? where can i get it? how are you exchanging ur usd into bitcoin and how do you get it back into usd? how much do you lose in doing so? where are you trading altcoins at? are you keeping ur bitcoins/altcoins on the exchange via ur account? isnt that risky?

First of all I'm not a 'professional' trader, just doing it for a few months now.
This is what I do:
- Downloaded bread wallet app from appstore. I'd say that's really secure.
- I'm from a smaller European country and I buy bitcoin from a small and trusted company. They promote Bitcoin on every platforms in my country (Tv, radio, etc.). They are a bit cheaper than other sellers in my area on "localbitcoins". I just send them my Bitcoin address and the money through my bank account in my currency and they send back Bitcoin in 1-2 hours during workdays.
- I use Poloniex to trade so once the bitcoin is in my wallet I send the amount I want to trade with to my wallet on Poloniex and there you can sell-buy anything you want.

I haven't cashed out my Bitcoins yet but for small amount I will try to sell BTC to that company where I bought and they will send money to my bank account.
For bigger amount I will try to find someone on localbitcoin to sell and use my Payoneer card (it's a debit card that my country's tax authorities can't see or don't care about). But I don't think that tax authorities care about payments under ~$5k.

Right now I only have around $150 worth of Bitcoin so I just keep all that on Poloniex. Once I will have more I will keep there only that I trade actively.

OP how active are the Telegram chats?

>>1710999

The P&D group, dead. Gonna delete it soon then remake when alt season is back.

Bootcamp has activity.

>>1710991
LTC will probably dump a lot after segwit is released lol. buy rumor/sell news.

>>1710983
I don't tell people my amount of anything but if I'm right just 30% of the time, I'm break even but I'm way above that.

I know bitfinex has been hacked. But are they still on business? I saw a lot of transactions on them on crypto compare.

>>1711020
30% can be enough with a good profit/loss ratio

I can say that i know for a fact that LTC will pump. Rumor/News doesn't always apply. Especially to crypto.

>>1711020
Also what kind of strategy do you use?

>>1711022

They gave everyone a 30% (or something close to do this) haircut. Its a high volume leverage trading platform with a good UI so it still gets business just nothing compared to where it once was.

>>1711036
thx

>>1711036
Which one do you recommend.

>>1711046

For leveraged trading?

1broker for x5 margin
okcoin futures for x10/x20
Bitmex for x50-x100 but very small positions

1broker is the only one that works in the US without a VPN though.

Myriad?

If it keeps falling tomorrow I'm out

>>1711102

Anything fundamental happenings with it soon?

>>1711198
What price did you get in at?

>>1711198
Why? Do you have a strategy or is just afraid?

Prepare for another drop soon, coinfags.

Shitcoin is still way up over the last month. A robust price rise needs to be built on a base of long-term users, of which there's no evidence of behind the last month's rise.

It's massively overbought.

Also

BACK BELOW $1000 AHAHAHAHAHAHAHA

>>1710947
How does it feel to invest in a currency propped up by heroin and cocaine?

>>1711212
>>1711215
whats so funny? never heard of shorting? or are you too poor to put up the capital required to make any money doing it?

>>1711477

Fucking awesome, faggot.


>>1711490
lol this guy is a nocoiner who much rather wait for the next hot tip on robinhood.

>>1711204
Halving on the 18th or 19th of January. It's pretty much at the bottom after a long accumulation.

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>>1711215
cope.

BTW I bought in 2012 when it was below $10. How does it feel to know will never have 10,000% gains, like me?

You keep your shitpost AHAHAH, I'll keep the money bitch.

Is it a goood idea to buy 10$ worth of every meme coin ?

>>1711773

meh. I guess.


Also quick update on BTC.

We could either in an EW cycle (doubt it now) or a C&H that started all the way from the last high in 2013.

My guess, the next few weeks are gonna be a downtrend/consolidation then a huge fucking megabull run.


Finding bottom is gonna be a pain in the ass though.

What turd are we going to manipulate this weekend

>>1712544
yes. Diversification

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>>1710975
agreed with this showerhead, i am still skeptical on ICN personally, but the rest of the alts u mentioned i am bullish on. i got out of BTC around $950, looking to buy the dip ;)

To anyone looking to arb something

Market buy SBD on poloniex and market sell it into SBD on http://liqui.io

>>1713978
Arbitrage opportunities are self correcting within minutes of appearing, thanks for speeding up that process by pointing it out you fucking idiot.

>>1713133

einsteinium please

can someone please explain how 100x leveraged bitcoin works? can i just buy and hold?

>>1714199

You get liquidated if the price goes below a certain price and opposite if you sell (short).

>>1714199
If the price goes 0.99% in the wrong direction you lose everything. People only use huge leverage for FOREX because it has close to no volatility. 1:100 in crypto is suicide.

>>1714403

Oh its the riskiest thing ever but at 1% of bag per trade and you stick to a certain plan, you'll be fine.

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I stuck to my 1% plan on x50 margin and this is what I'm at right now

Are we actually going up again now that China FUD was disproven?

>>1715178
We are in a very exceptional market.

why is it so difficult to buy altcoins?
>having to get separate wallets
>some wallet addresses don't work
>no one is selling
>no one is buying

what's the point in diversifying again?

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Why do you guys choose to trade in crypto currencies instead of other types of trade?

>>1715555
My guess is ease of access plus the volatility making people think they can make quick cash. For some (holders) it would be the constant trend upwards. Media attention plays a big role in the last few years.

>>1715555

Relatively no fees to trade for one, most 'traders," are just drug buyers from any of the darknet markets who are new to trading entirely, funny as fuck twitter community, and overall kind of easier.

Also compared to just stock, keeping track of the entire crypto market is so much simpler with just keeping up with your twitter. Just more fun overall and scary as fuck which I looooove.

I just started on this Bitcoin business with Electrum. Can someone send any amount as a test for me? Appreciate the help.

1JKaH6cf8U2XVr2buMgGoi1gSUTZRZm4Tj

>>1715745

Nobody is gonna send you free coin.

https://faucetbox.com/en/list/BTC

Sign up for faucets and make it a daily habit. Turn off adblock so the sites stay up. If you want to be trader, learn forex trading on https://simplefx.com/?sfx-r=b8f1124b-8cdb-4a37-991e-50576b311a91 with a demo account, and research forex trading on youtube or the links in my OP.

>>1715760
I'm not actually begging. I just need to test real quick before I delve more. Someone can send a Satoshi for all I care. Thanks for the tip regardless.

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>mfw in ICN since ICO

>>1715767

Bought some below ICO price, sold around top, bought back in at 28kish and gonna try to sell profits at top while keeping my initial investment for a long time.

>>1715776
ah a scraper, good, lots of moneys to be made.

>>1715780

lol need to keep with my goal of 5% returns daily.

Been difficult lately since no alt season but meh. Wasn't in a long on BTC cause I don't like entering during a parabolic area.

>>1715784
are you on whalepool too?
I don't daytrade, there's no much point to it for me, just find good projects and buy a bulk.

>>1715788

lolno. I got banned from the telegram, just in the teamspeak whenever something big is happening like that Roger Ver interview a while back. Don't think I wanna talk to the guys ever.

>>1715793
ayo, you was trollin' ?

>>1715795

Shilled something retarded as a favor. My friend is a mod there but he can't unban but whatever. Are they actually a good room?

>>1715800
who, whalepool? I guess so, been listening to them since late 2014, they're full of useful information, like attending class with an interesting professor.

>>1715806
the people from Bfx and Kraken use it as an outlet, so it's always fun

>>1710947
Has buttcoin already hit its price recovery level today at $900? Is it going to go higher before the downtrend or is this it?

>>1715817

Too volatile right now to confirm a trend cause right now this is either the overdue correction or straight up done with the bullrun (doubt this one though).

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he hasnt bought LTC yet

hahahahahaha

stay poor cucks

>>1715817
My guess is that it will go down some more.
Im just waiting on this little raise to finish, then i sell

I bought bitcoins after the initial drop from 1170 to around 1100 thinking that it would recover like that drop in November. Should I just take the hit or use the bitcoin to trade in alts?

>>1717459

Alts.

>>1717459

Keep holding. Go long. Next halving 2020. If you are new to Btc alts will completely fuck you. Have fun

What's happening with siacoin ? The volume is unusually high on polo.

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Look what I found. Lol.

What's the better strategy?
- Buying 8 potentially good smaller altcoins for $20-20 each
- or using my $160 for careful(!) margin trading on bigger altcoins?
Time frame: 4-5 months

>>1719226
got pumped two nights in a row
seems quiet today tho

>>1720280

If you know how to trade correctly, margin.

Also gonna update the OP with this https://www.youtube.com/user/carpenoctom/videos

That channel is amazing for learning TA on Bitcoin. Gonna remove the aluna guide.

>>1720482
Thanks, great youtube channel!
I need to study margin trading for a little longer.
For now I just divided my money into six altcoins.

>>1711029
>>1710991
based

>>1710947
What should I use for bitcoin and litecoin wallets on fedora linux?

BUY LITECOIN

>>1721156
dead coin shill.

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>>1721182
There's a bull flag though. Buy goyim

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>>1721156
already took my 50% profits on bitmex, i think it could go a lot higher, but i am not confident because i don't know how segwit will affect the price long term. I guess difficulty will increase x2, but dat transaction time though. and i'm sure btc miners will go to litecoin as price rises, which increases security of network. i hope it all works out in the long run, and inspires BTC chinese mining pools to pass segwit!

>>1717071
where to buy uk pls

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I used to trade crypto. I get it. It's fun, simple, and full of memes. But what is the point of it all?

Hardly any of these currencies are used to buy anything. Only bitcoin has any sort of usefulness regarding liquidity. So, why all these extra coins? Is it all a web of P&D schemes? If so then I don't see where this market can go in the future.

I'd like to imagine a time in the future where there is a thriving cryptocurrency trade, with volumes rivaling the stock market. People gambling in backrooms using USB sticks as currency. Professional crypto traders with walls covered with monitors. Crypto hedge funds, federal raids on crypto pirates. It's all very cyberpunky.

But, I don't know guys. Where is the staying power of this meme? Does anyone else feel the same way?

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>>1722207
It's a new currency so many businesses have not adapted to this. More businesses may or may not adopt crytocurrencies so the future seems uncertain for now. The stay power seems to depend on if people adapt them or not. I hoping that people will use bitcoins or other currencies since they seem to be growing in time.

>I'd like to imagine a time in the future where there is a thriving cryptocurrency trade, with volumes rivaling the stock market. People gambling in backrooms using USB sticks as currency. Professional crypto traders with walls covered with monitors. Crypto hedge funds, federal raids on crypto pirates. It's all very cyberpunky

True, people think adapting new tech will improve the world but improperly adapting new tech will bring us a more dangerous and competitive world that make everyone suffer.

>>1710947
Been reading up on Cryptocurrencies for a while now. Today I create a wallet, bought a part of a Bitcoin and an account on poloniex. Must transferred a test amount to poloniex on BTC. Not sure what strategy to use but will play with a few test buys/sells using small amounts to get the hang of the basics. Would seem that buy and hold in the long-term is a must do but would be great to take advantage of that volatility to with some short-terms bets. Any suggestions for a newbie would be welcome.

>>1722616
Must transferred = Just transferred.

what price do you see btc in a year guys?

>>1722616
Relatively newbie here too...
Bought 8 different smaller coins to play the "hold and sell at pumps"-game, but after a day I'm bored already lol.
I think I'll sold them and just yolo-ing with margin trading because I don't have patience to play like that.

>>1722637
$1100

>>1722687
I saw it's possible on at least some of the exchanges to use Orders to buy and/or sell at target prices. Might be a little less boring but, to be honest, if I could buy and hold for a few years and get big x then I would be super happy with that. Would get interesting at that point deciding how to take profit. I have a real talent for making the market do the opposite to what I wanted so I'm not going to be a good short-term trader. I'm looking for coach!

>>1722708

Honestly if you have a talent for being a counter, you can become quite famous and make money eventually in other ways. The perfect example being "d_seaman," or David Seaman who was a giant indicator in the crypto world for where trend was going. If he said he went long, you go short.

Seriously worked out most of the time, not joking.

Now the smug twat is out of the crypto game and makes money with his pizzagate videos on youtube.

>>1722687
lol just give me the money, I'll trade it for you.

>>1722779
>Honestly if you have a talent for being a counter...
As soon as I wanted to be contra, my predications would happen!

>>1722890

Easier to become famous by being stupid.

>>1722890
>You predict the market, your investments are doing well, people follow you, you make big money
>You don't predict the market, your investments are shit, but people follow you to counter, you make money
What's the problem?

WELP today sucks

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Is this just a dip right?

Buy XHI COIN guys. huge buy volume! this coin will triple within the next few months I've been watching it for a while. made a decent amount buying and selling dips

In all seriousness, if BTC hits 500 should I dump all my savings on it?

ive been out of mining and trading for a while, computer broke. now ive got it up and running again, and I've got a better gpu and free power, so im looking to mine some kind of coin to make some free money on the side. i know it isnt crazy profitable, but I think i could make some beer money on the side if i mine the right coin and then use it to trade other alts
back when i was last mining the best coin was eth but it looks like its taken a fall, is it still best to mine? or is xmr or something else now the new go to?

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ALL COINERS ON SUICIDE WATCH

>>1725733

660 is my guess. It's the 50% fib level from the low of 160ish to the recent high.

>>1725934
BUY BUY BUY

>>1726030
What? Why?

>>1726030
b..but gg

>>1725558
It is, though it might go even lower

>>1726041
/Biz/ told me to buy when people are posting coiners on suicide watch, and sell when no coiners suicide watch. Been using this strategy and now I'm a millionaire

https://www.bitmex.com/register/yMfksI

Long FCT at x5 or above. Trust me.

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>>1726212
jeezus that's actually pretty smart

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>>1725924
Ethereum or monero

check out this link to set your specifications

https://whattomine.com/

this is what i used on my gtx1070
https://ethermine.org/

zcash mining was profitable when it was first launched i believe. here is a crypto mining telegram https://t.me/CryptoMining. i did this https://www.youtube.com/watch?v=n77uUdFYjWc and i was just making a few bucks every couple of days. https://www.cryptocompare.com/mining/calculator/eth?HashingPower=20&HashingUnit=MH%2Fs&PowerConsumption=140&CostPerkWh=0.12

what is a better buy right now? ETH or LTC

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>>1726381
well litecoin just passed segwit and it will be implemented on jan 28.

https://twitter.com/SatoshiLite/status/819387609780604929

this mean that the lightning network could potentially be implemented, or however dat shit works, so i would assume that the price will increase once segwit is passed.

ethereum probably gonna implement PoS algorithm instead of PoW

https://medium.com/@VitalikButerin/a-proof-of-stake-design-philosophy-506585978d51#.7jrf9rh4w

here is vitalik article, i have no clue how it's gonna affect the price, because i am retard.

so i'm gonna guess litecoin is better 1-2 month momentum buy.

irc.rizon.net #bitcointraders

Currently 35 semi-active shitposters, come on down.

How secure is using veracrypt to secure my bitcoins? Say I secure my bitcoin wallet/keys with $45,000 worth of bitcoin on a veracrypt file container (protected by a 100-character randomly generated password and 5 randomly generated keyfiles) and post the file online saying "have at it and the bitcoins are all yours!" I'm assuming that it's so insanely secure with the password and keyfiles that even at quantum computing speeds it will pretty much never be cracked.

i'm gonna have about 200 bucks to spend soon in cryptocurrency
what do you recommend me /biz/? someone told me ethereum

>>1722207
Something like that will take time. 90% of peope in crypto are young men. These young men will grow up to have leadership positions and own businesses, and their love for bitcoin will translate exactly into what you are wishing for.
These kind of things take time, but we'll eventually get there.

can somebody explain "trading with leverage" for a total noob / idiot

I just can't get my head around it

explain like I'm 5.

walk me through an example trade

>>1727728
if this helps, the tradeoff you're making is that you get to borrow "free" money to make profits off of if the price moves in the right direction, but if the price moves in the wrong direction, you have a lot smaller margin of error before you are liquidated and wiped out.

Take a stock at 10$. You have an account with 100$. You can buy 10 shares, if it goes to 8$, you lose 20$, if it goes to 12$, you gain 20$.

Now instead through a broker, you borrow 200$ (2x leverage) and buy 20 shares. You initially have a 50% margin, since your account balance (100$) is 50% of the borrowed balance (200$). Most brokers will specify a minimum initial margin. What also is specified is a Maintenance Margin, which is the percentage of the borrowed value that your account must contain at all times as collateral. Let's say our maintenance margin is 30%.

So we have 20 shares at 10$. If the price moves to 12$ a share, we've made 40$, instead of the 20$ we would've made buying them on an exchange. If the price moves to 8$ a share, we lose 40$, and our account is now worth 60$ vs. the borrowed amount of 200$, or 30%. This is the absolute minimum margin allowed by our broker, so if the price moves any increment lower than 8$, our account is liquidated to pay back our borrowed funds- our position is closed, the stocks are sold at 7.9999999$ or whatever, and our balance is wiped to pay back the difference.

So you can see that in this leveraged scenario, we can make double our money on any appreciations in value, but we also lose double our money on any depreciations PLUS the added factor that we can't "wait out" a bear period beneath 8$- as soon as the price drops below 8$, our margin is below the maintenance margin and we are liquidated.

>>1727728
U got 100 bucks on ur acc. u open position with x10 leverage. Now it acts as if u have position of 1k bucks. Shit rises 10% then u get 100% cause leverage x10=100%. Shit loses 10% then ure fucking done. Also someplatfroms probably close the position automatically when u lose like half of ur funds or smth.
For example somethign went down 5% so 5%x10 = 50% platform liquidates position and u lost half of ur cash. The position is closed.

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>investing in cryptoshit

>>1726336

Anyone do what I advised? lol

>>1727946
your ref list should tell you that.

no.

>>1727914
>confusing investing with trading

>>1727693

If you don't want to actively trade, just put it in ICN when the platform comes out. http://http://iconomi.net/

>>1727595
https://www.ledgerwallet.com/

>>1727914
What do you trade?

How do I into mining? All I have for now is two computers w/o GPU. I have no money to upgrade them either.

>>1728005

All you have is CPUs?

https://bitcointalk.org/index.php?board=159.0

Look there for a newer CPU mining coin, the newer the better. Do some research for a coin that could possibly be useful and not just another clone shitcoin.

>>1727970
I mean if I give a good trade, why not shill a ref link?