hey guys i have a finance background and i left my job early in the summer, i learned about crypto in july and started investing on august 1st with 10k. right now im at 47k and ive made as much as I would have made at my job in 6 months. wondering how consistent this is long term, seems very profitable. I usually stay in cash too to avoid the down periods like this weekend. any one else been doing this for a while instead of working?
couple years at least anon. until SHTF and everyone wanna cash out
same boat. except i rather keep working to just keep funding for btc. what did you hold?
>>3334132
Day trading since the middle of June and I've taken 100 to 117k, this is the fastest I've ever made money. I really don't think this will last.
Turned 1000 into 1100 in one month, at this rythme i'll be a millionnaire around 2200, get on my level.
>>3334662
If you just held 100k worth of bitcoin in mid June, it would be worth more than 180k now. You're day trading profits is less than a quarter that it would have been by just holding bitcoin.
>>3334132
What is anyone going to do with any of this?
Is it like.. somehow going to be transferred to FIAT and then you can do shit like buy a car or buy a house or a whatever thingy so you can spend your days jerkin' it?
I want to get in but I have responsibilities so I want to be able to get some shit out of this.
>>3334577
i dont hold, i usually do sub 30 minute trades. im always in bitcoin in bull runs or cash on bear/consolidation periods
>>3334694
If you are actively trading and hodl good coins, the more dosh you have the more it can grow. Don't despair!
>>3334711
What exchange do you use?
>>3334703
No nigger, I've taken $100 to $117,000. I was up to 131k but I took out 1 btc and then shit dipped.
>>3334706
>>3334729
bittrex for high volume/highly volatile alts (neo, omisego, xmr, lisk, qtum, bcc) and gdax for the big 3
>>3334706
well i made 37k this month so i would just take out like 2k per month to cover living expenses and keep as much in for generating more money
>>3334802
indicators i use are RSI, MACD, changes in volume, support/resistance levels, flucations in bitcoin price
>>3334132
From about December '16 - June '17 i made a net profit of around 20 BTC trading btc futures and various shitcoins. I don't think it's sustainable but it's a great profit for the year and there's still some months left.
>>3334821
nice man, good to hear
>>3334802
>bullshit
I don't care what you think, my goal was $250/day and my average is now $1,524/day. I don't think this can last.
>>3334813
Does Bittrex have MACD?
>>3334863
no i use trading view on my second monitor
>>3334747
How do you take it out?
>>3334899
gdax wire transfer to bank
>>3334906
So what you're saying is that I'm a noob and should find some manner of resource to make sense of all this?
>>3334853
what's your strategy? chasing pumps?
>>3334923
I wrote a bot that seems to work better than most, I've been posting about it here and there for months now. Hopefully shit gets back to normal this week, I was hoping to hit a million this year.
>>3334946
it might not sure its too basic for what i need tho, trading view is customizable and has alot of other great indicators
>>3334132
You're living the life I want to live right now. I'm heartened to hear that you use a lot of the same indicators I've discovered through trial and error, and I feel like I'm on the verge of being able to make big profitable trades on a consistent basis.
I have some scripts running 24/7 watching all the markets on bittrex, and it's sending me messages every time it sees anomalous volume and/or price increases, and I want to get in on those huge pumps.
If I can prove to myself that I can hit them consistently, I will quit my job and trade full time.
>>3335142
Which are you using?
>>3335170
RSI, MACD, Volume (especially anomalous spikes in volume).
I've found RSI good for figuring out when to sell. I think a lot of traders must believe in it, because its accuracy is uncanny sometimes.
MACD gives me a feeling for whether a dip is over or not. I use this to prevent me from buying at dangerous times. (RSI helps to tell me when not to buy too, but during the early moments of a big pump, it's not that accurate.)
Sudden increases in volume are a big clue that a pump may be forthcoming. If you look at any chart that shows a pump, you'll see the spike in volume easily. If my scripts notice volume and price anomalies, I look at the chart, zoom in and out a bit, and if it looks like the beginning of a healthy pump, I buy and ride the wave up.
>>3335223
Poor NEO and ADX. My anomaly detector noticed both of their dead cat bounces just now.
>>3334979
Would you share or sell it?
>>3335400
I don't think you'd want it right now, it's buying up cheap ching chong coins - it's being an absolute retard, like it can't read the news or something...
>>3335434
Fucking China. My own bot is notifying me on all these dead cat bounces.
>>3335534
I'll probably regret letting it trade through this shitstorm but it's fun to watch. Easy come easy go.