brian
2017-05-25 14:38
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harvie
2017-05-25 14:55
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maxsuur
2017-05-25 15:23
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maxsuur
2017-05-25 15:23
Hi
architect
2017-05-25 15:31
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pragmatic
2017-05-25 16:11
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danz
2017-05-25 16:21
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pedrodemendez
2017-05-25 17:06
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pragmatic
2017-05-25 17:27
just dropped $400
simon
2017-05-25 17:49
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simon
2017-05-25 17:50
Do you guys think it still make sense to buy?
pragmatic
2017-05-25 17:50
I think so. If you're in for long term.
pragmatic
2017-05-25 17:51
If you want to profit within a year, could go either way
pragmatic
2017-05-25 18:01
You can consider other Cryptocurrenies as well, Etherium in particular
architect
2017-05-26 00:16
It's still very high, despite that drop the past 12 hours.
architect
2017-05-26 00:17
I would wait a bit more and then buy to hold long term if you don't have a good position yet
architect
2017-05-26 00:17
i'm very bullish on bitcoin long-term because the price is volatile AF, but global transaction volume isn't
architect
2017-05-26 00:18
since bitcoin's inception only up up up
architect
2017-05-26 00:18
slow, steady, stable, consistent growth over time
the kind of growth I like to see
mrblonde
2017-05-26 03:39
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mrblonde
2017-05-26 03:42
I'm waiting to pounce, just feel so late to the party :smile:. I'm also tempted by etherium again as I sold my coins a month or so ago - duh!
danz
2017-05-26 05:07
If this is the new bottom, it ain?t bad at all. Will probably grow quickly again after this in a couple of days
architect
2017-05-26 08:17
yeah i think it might function as a form of digital gold, and maybe some alt coins as actual currencies
architect
2017-05-26 08:20
or tumble it
architect
2017-05-26 08:21
and yeah bitcoin has no commodity value, so it's not equivalent to gold... but still closer to gold than to fiat.
architect
2017-05-26 08:21
In a way, bitcoin has higher value than Gold because we know the total amount of bitcoin that will eventually be on the market, whereas new Gold is still being found.
architect
2017-05-26 08:21
And its intrinsic value is that of a digital currency that cannot be messed with
architect
2017-05-26 08:21
also gold is far less liquid and can't easily be used for small payments, or payments over great distances
architect
2017-05-26 08:21
and similarly to gold, it takes effort to mine it so each unit of the currency represents energy/work.
danz
2017-05-26 08:21
I don?t see BTC functioning as a currency like architect said, probably some other coin will take that place and we will see BTC more as value
skat
2017-05-26 20:08
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skat
2017-05-26 20:09
why #bitcoin ? why not crypto-currencies?
maxsuur
2017-05-26 20:53
Blockchain is what you should be paying attention to. Bitcoin is email, blockchain is the whole friggin' internet... in a few years' time.
danz
2017-05-27 12:32
Big correction:)
maxsuur
2017-05-27 17:32
I mean: blockchain technology
mysteir
2017-05-28 04:39
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maxsuur
2017-05-28 07:17
Using Bitwala, so far so good
danz
2017-05-28 07:23
Factom & Antshares
danz
2017-05-28 07:28
For Factom I believe they will announce more interesting partnerships, they have a great develop team of around 30 people working ft, they have got funding of an investor, Bill Gates even donated some and so the marketcap is still quiete low, I see them easily getting a 1 billion marketcap if they announce some more of their features and new partnerships.
danz
2017-05-28 07:32
And Antshares is from China, they are quiete unknown in the west while they have very interesting features. They work with Alibaba/Antpay and will work with more big companies in China in the future, also Chinese companies prefer to work with Chinese a lot of times. From what I know, they will also announce their first user case soon. The company is just bad at communication in English and their website is barely in English. They could also easily get a much bigger marketcap when they announce some more partnerships, their first user case and do a better job at communication to the west.
princevaliant
2017-05-28 13:37
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mysteir
2017-05-28 17:41
I'm a big fan of Ethereum as a means of getting full crypto market exposure.. kind of like a crypto index fund (many new coins launch on the ethereum platform)
mysteir
2017-05-28 21:28
This is best graph I've found.
mysteir
2017-05-28 21:33
From my understanding Eth is the mothership, and many of these new alt-coins launch from the mother ship
mysteir
2017-05-28 21:33
The biggest Corporations in the world (google Ethereum Enterprise Alliance) have also signed on to this technology
mysteir
2017-05-28 21:34
A lot could go wrong still but in terms of potential this one seems by far and away the most revolutionary right now.. consequently I'm 75% ETH and 25% Bitcoin in my portfolio
maxsuur
2017-05-29 07:35
@brian enter Monero
danz
2017-05-29 07:52
I am ordering a Ledger Nano S soon
pedrodemendez
2017-05-29 08:49
I am using a Trezor
architect
2017-05-29 09:17
you can copy the blockchain from your other computer
clr
2017-05-29 13:49
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princevaliant
2017-05-30 11:29
I vote for ledger nano s
princevaliant
2017-05-30 11:31
On the software side the best choice is probably Electrum as cold wallet (on a computer not connected to internet)
maxsuur
2017-05-30 11:33
Which wallet do you guys store your bitcoins in?
max
2017-05-30 12:51
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harvie
2017-05-31 03:30
@maxsuur Jaxx and Exodous, I would get a ledger Nano S though if you're investing serious money.
danz
2017-05-31 05:24
Great day for ETH because of China
danz
2017-05-31 05:25
@maxsuur Also Jaxx, and soon Ledger Nano S when I receive it.
agalt
2017-06-02 19:37
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skat
2017-06-05 14:49
I stopped day trading with crypto and looking into crypto arbitrage. Anyone is already doing this?
https://bitcoin.stackexchange.com/questions/49819/cryptocurrency-arbitrage-what-do-i-need-to-know
danz
2017-06-05 14:49
It works, friend of mine is doing it now
danz
2017-06-05 14:50
He?s in Bali, price of BTC is around ?150 - 200 more there. Buys in Europe, sells there for cash in the Bitcoin store. The only problem is, he ends up having all the Indonesian Rupees. That?s fine if you stay a while, but how much do you need for living there.
pragmatic
2017-06-05 14:51
Korean exchanges had a $1000 premium a couple of weeks back...
pragmatic
2017-06-05 14:51
too bad I have no Korean contacts :stuck_out_tongue:
danz
2017-06-05 14:51
Yes
danz
2017-06-05 14:51
Yeah, you need contacts or an bank account/residency and stuff there.
danz
2017-06-05 14:51
For Indonesia you don?t if you there
skat
2017-06-06 11:45
@danz I had a very strange hobby of opening bank accounts everywhere i go to, without clear reasoning why i did it. It seems like this is my calling :smile:
maxsuur
2017-06-06 11:49
Which countries @skat?
skat
2017-06-06 12:45
@maxsuur Vietnam, Thailand, Singapore, Latvia, Estonia, Germany :slightly_smiling_face:
maxsuur
2017-06-06 13:02
Awesome man, anyone with a bank account in a country that does not exist such as "Trasnistria"?
skat
2017-06-06 13:18
@maxsuur is this even remotely possible?
maxsuur
2017-06-06 13:25
2 years ago I didn't know this PT lifestyle was even possible. I believe the more corrupt the country, the more flexible they are when it comes to "rules". So why not?
skat
2017-06-06 13:45
@brian i think PT = perpetual traveller
maxsuur
2017-06-06 14:05
It reinforced the believability of my message @brian
maxsuur
2017-06-06 14:06
PT: permanent tourist, perpetual traveler, passing through, prior taxpayer. Choose the one you like best :)
pragmatic
2017-06-06 14:07
@skat interesting. Those accounts ever got you anything?
skat
2017-06-06 14:10
@pragmatic i just put money accross those accounts, to sleep better at nights.
skat
2017-06-06 14:10
but it seems like i found a use for them
maxsuur
2017-06-06 14:16
personal or business bank accounts @skat ?
soebusiness
2017-06-08 10:29
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otkeedca
2017-06-09 14:46
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harvie
2017-06-12 02:20
what are people doing with their ETH, kind of feel like a correction is due soon, slowling sell mine
simon
2017-06-12 04:19
Has any of you experience with Steemit?
danz
2017-06-12 04:38
Holding ETH, especially the next coming days
danz
2017-06-12 04:39
14/15 june is the blockchain conference in China
danz
2017-06-12 04:39
I guess there will be a crash after that
skat
2017-06-12 06:32
@harvie i was thinking of selling everything i had, but changed my mind after talking with people. look at the market cap for ETH, it is very rapidly approaches Bitcoins market cap. And bitcoins is like 3000$ a peace now? If you forget that all this looks like an insanity, and compare it with bitcoin - then it looks like ETH are undervalued. So i?m holding until end of this year, i expect it to be 1500$
pragmatic
2017-06-12 06:37
Eth is so high because everyone is buying it to invedt in the bancor ico
pragmatic
2017-06-12 06:38
Ico is today 2pm gmt
danz
2017-06-12 06:38
And the event this week in China
pragmatic
2017-06-12 06:38
Sell right before that
pragmatic
2017-06-12 06:38
And buy back a ciuple hours after
danz
2017-06-12 06:39
I rather hold it for long time, buying every time is annoying with the fees today
danz
2017-06-12 06:40
and can?t buy for more than 10k in BTC a day on most platforms
skat
2017-06-12 06:50
Yeah, I tried day trading too. And it?s indeed annoying for not a lot of gain.
skat
2017-06-12 06:50
So i?m playing long game too.
maxsuur
2017-06-12 07:29
@danz I 100% agree
danz
2017-06-12 10:16
Eth reached the 400+
danz
2017-06-12 10:26
$
danz
2017-06-12 10:32
Touched 414 already, crazy day in crypto world.
danz
2017-06-12 10:33
There are different options, from exchanges (not so secure), online wallets to a Nano Ledger S or a Trezor where you can keep them with the private keys. Those things cost around $70 - 100
danz
2017-06-12 10:36
Yes
danz
2017-06-12 10:39
Definitely
mysteir
2017-06-12 11:24
Who else remembers the dot com bubble 15 years ago? I lost 35k at the time (which was a hell of a lot for me back then). This is starting to feel eerily similar. When people aren't investing on actual usage, but rather total speculation (and uninformed speculation) I wonder how bad the pop might be. Anyone else get the feeling we're due for a temporary cliff dive soon?
danz
2017-06-12 11:31
We will definitely get a correction, like we are getting every few weeks. But I think it will rise again after that, maybe later in the year or early 2018 I would expect a bigger crash.
skat
2017-06-12 12:31
@mysteir agree that it will correct itself later on. but still i think it?s too early to speak about immediate crash
ahawkins
2017-06-12 16:07
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brutus
2017-06-13 12:31
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david99
2017-06-15 20:47
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ahawkins
2017-06-18 03:32
Hello friends. Is there an online equivalent to the blockfolio app?
danz
2017-06-18 03:48
Looking for that to, I want an app where you can see the prices in dollar instead of the btc price. Blockfolio doesn?t offer this option. Makes it easier to follow.
ahawkins
2017-06-18 04:53
perhaps a good side project for me then :slightly_smiling_face:
ahawkins
2017-06-18 04:53
I guess I'll just integrate `ledger` with exchange rate fetching. That's easy enough :slightly_smiling_face:
ahawkins
2017-06-18 04:54
I've found `ledger` to the most flexible tool for all sorts of accounting
ahawkins
2017-06-18 05:01
curious of those you holding other currencies, what are your holding percentages? I'm too heavy on bitcoin (imo), waiting for a correction before moving into other currencies.
danz
2017-06-18 06:04
Make it, I would use it:)
danz
2017-06-18 06:06
Not holding much in BTC anymore, around 10% perhaps. I traded most BTC for others currencies, especially now with the problems that might show up around 1 august. I?ll wait till then and then might change some back to BTC, depending on how it goes.
ahawkins
2017-06-18 07:01
I'm more surprised that a website like blockfolio does not exist. Just add your wallet addresses and check balances
danz
2017-06-18 07:38
Blockchain does it for BTC right, not other currencies?
princevaliant
2017-06-22 13:47
Do exchanges open accounts also for offshore companies or only for individual persons?
princevaliant
2017-06-22 16:05
Do you know which ones?
pedrodemendez
2017-06-23 11:32
Yes this
petrsuska
2017-06-23 17:02
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brab
2017-06-23 17:21
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pragmatic
2017-06-24 14:01
great article
pragmatic
2017-06-25 07:18
@brian Although reading more into it, I'm not sure that triple-entry accounting actually has anything to do with cryptocurrency...
ahawkins
2017-06-25 07:51
how do you securely store your coins? I was considering paper wallets but I don't have a long term store.
maxsuur
2017-06-25 09:09
@ahawkins trezor/ ledger nano. Google them.
danz
2017-06-25 10:26
Yeah, you just might have to wait a while, I think their sold out atm
ahawkins
2017-06-25 10:30
I considered that as well. Nano looks more my style.
princevaliant
2017-06-25 14:30
I have a nano-s and it's great
skat
2017-06-26 13:31
?This product has been discontinued.??
skat
2017-06-26 13:31
For ledger nano
princevaliant
2017-06-26 13:51
No it's still available, see here: https://www.ledgerwallet.com/products/ledger-nano-s
princevaliant
2017-06-26 13:53
For extreme safety scruple it's better to buy it directly from the producer than from a vendor like amazon
brutus
2017-06-26 18:27
bNo risk of this memory stick to get corrupted? Or break the USB connector? "Stupid" question but I broke few USB keys in the past...
pedrodemendez
2017-06-26 19:21
if its broken, you can recover your coins with the seed on a new device...
maxsuur
2017-06-26 20:41
That's the beauty of crypto
maxsuur
2017-06-26 20:42
You can even memorize those words using mnemonics @pedrodemendez
otkeedca
2017-06-26 21:12
I worry that carrying a hardware wallet through airport customs and such would make you a target somehow
pedrodemendez
2017-06-26 21:57
Can you give an example @maxsuur ? Remembering the first letter of every word?
pedrodemendez
2017-06-26 21:58
How would you bring that paper wallet/encrypted file over the border?
pedrodemendez
2017-06-26 21:59
A target with a hardware wallet how? When they see one they will interrogate you?
maxsuur
2017-06-26 22:49
@pedrodemendez create a bizarre story using all of those words and put it in a familiar location somewhere in your mind.
maxsuur
2017-06-26 22:50
Check out "Memory Palaces"
maxsuur
2017-06-26 22:53
@otkeedca why not mail the hardware wallet in advance?
maxsuur
2017-06-26 22:54
For the paper wallet, I would take an old dictionary and highlight those words with their respective numbers
maxsuur
2017-06-26 22:55
Noone would ever look into that haha, unless they are avid polyglots and consummated geeks. A rare combo.
otkeedca
2017-06-26 23:00
US border guards can demand passwords to your devices, so presumably that includes hardware wallets
otkeedca
2017-06-26 23:08
Yup, but I think their rights to search are slightly more limited in that case
yura-by
2017-06-30 15:01
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princevaliant
2017-06-30 18:36
Anyone knows of any exchange that open account to buy BTC also to offshore companies?
pragmatic
2017-06-30 19:29
I think Kraken, Bitfinex, Poloniex do
pragmatic
2017-06-30 19:29
Expect to wait several weeks for verifications
stolzlos
2017-07-04 14:18
has joined #invest-crypto
jemmasta
2017-07-04 14:21
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mattbellme
2017-07-04 14:23
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mattbellme
2017-07-04 14:26
@danz @ahawkins check out http://cryptocompare.com portfolio feature to keep track of your coins in any currency
evl4r
2017-07-04 15:54
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globalconsulteurope
2017-07-06 06:20
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globalconsulteurope
2017-07-06 06:21
Hello, freedomsurfers!
I would like to open company bitcoin wallet to get paid with bitcoins for my consulting services. Can you recommend good wallet and some startup guides?
harvie
2017-07-06 06:56
Exodus is a nice wallet. You can find out how to get started on their website https://www.exodus.io/
kl5340dc
2017-07-07 16:36
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maxsuur
2017-07-07 18:13
Bitcoin is unstoppable
agalt
2017-07-07 18:50
There are certain things you can say online and there are others you can not... This is not new information. Other developments have not been shared pubicly.
agalt
2017-07-07 18:52
It seems we have more questions than answers. I won't touch crypto for various reasons.
stolzlos
2017-07-07 19:19
well, I believe that bitcoin will remain supreme for the time being and even regain a lot of market share.
stolzlos
2017-07-07 19:20
but it is not going to get away unscathed though in the next shakeout.
stolzlos
2017-07-08 09:38
for all the ETC bulls
stolzlos
2017-07-08 09:39
broke the wrong direction
stolzlos
2017-07-08 09:42
same here. Critical support @200$.
harvie
2017-07-08 10:08
I've seen ETH as a falling knife from it's high of $420, I expect it to keep being a falling knife for the forcible future and bring down with it some alts.
harvie
2017-07-08 10:16
Just think it's been WAY overbought( along with all other alts and btc). I got in early-ish ($40~) and have been following it closely since then. Asides from ETH being listed on a few popular exchange around the world, it's really not had any developments this year and no use cases asides from ICOs which I don't think has done it any favors.
I cannot justify why it went from $44 (or even $7 in January) to $420 based on little news.
Usually a share goes up based on news or sentiment, ETH has had almost no news but has blasted in price greatly. I remember when I was hodling it and every few days I'd wake up and it would be up 10-20%, I could not believe what I was seeing. My hodlings from $44 to $420 exploded like no other asset I've ever held before.
I think FOMO caused a lot of that. Now that people aren't making their 50% roi gains in a month, money is seeping out.
Note: I know nothing about crypto nor can I read a graph. Just being an armchair quarter back here :smile:.
agalt
2017-07-08 10:20
In St. Louis, Mo I built Mining rigs for my roomate about 4 years ago. I was happy to have him pay me for the labor, but never bought due to what others told me earlier on. We did manage to head 2 rooms of the downstairs area with the rigs which was nice because we lived in a house with no central heating in the winter.
agalt
2017-07-08 10:20
Its harder to see your breath in the morning when the rigs are running while you are making coffee and frying eggs
harvie
2017-07-08 10:30
@brian you're correct that how they are meant to work. But many people also see it as a snatch and grab, for example the Tezor ICO said that 8 or 10% of all funding will go directly to the CEO (don't have the time to find the link yet to verify my claim but a Google show show you.).
I also believe many of these ICOs don't need the millions they are asking for, most of them have no platform and need a fraction of the amount they are asking for. That's not to say all ICOs are ponzi, I think some are legitimate but many aren't and that will be hurt eth in the short-medium term. > http://i.imgur.com/kUOJol5.jpg
harvie
2017-07-08 10:32
^that one somehow got listed on hitbtc and is trading
harvie
2017-07-08 10:38
I agree, with cyrpto I'd go as far to say that 90 out of ever 100 coins is going to die or won't be adapted long-term. Whereas for stocks it's the other way around at this moment in time, hence my downward outlook on ETH for the short-term.
I do believe in the years to come after this current cycle is over that ICO will be huge, once people get burnt and realize all the scams out out. This will make the new wave of ICOs more honest and upfront and the investors more knowledgeable.
harvie
2017-07-08 10:50
I'd not personally compare an ICO to an IPO simply for the fact to launch an IPO is regulated and has to pass hundreds of checks to get listed. This is what makes ICOs bad right now, people see a chance to take advantage and they are doing so.
harvie
2017-07-08 10:51
it's kind like the WOFS, they were pushing crappy stocks to people who were unaware, this is what ICOs are (well some % of them).
harvie
2017-07-08 10:55
I'm not disagreeing with what you're saying about the stock market not being a fraud, I just think at this moment in time ICOs are more bad than good for crytpo.
harvie
2017-07-08 10:57
never trust bold people :smile:
stolzlos
2017-07-08 11:13
my take on ICOs is that they are the same as IPOs with the only difference being regulation which is useless anyway. I think an ICO is a great unregulated way to access funding. Its downside is that it has an economic side-effect which is overall dilution which is not understood by the greater share of people participating in these markets.
stolzlos
2017-07-08 11:14
This effect is rather limited due to regulation in the IPO space
stolzlos
2017-07-08 11:14
but depending on the market and type of regulation it can occur exactly the same way.
stolzlos
2017-07-08 11:14
take the mining business and the TSXV. Exactly the same issue.
stolzlos
2017-07-08 11:15
when the party gets going they stop mining and just print shares!
stolzlos
2017-07-08 11:17
and can you blame them? nobody cares, everybody wants a part of the action. Then the whole thing blows out and a bear market is born until all the excess printing has been absorbed by the market. Round and round goes the market.
stolzlos
2017-07-08 11:23
@brian sorry, nothing except what google gives me
stolzlos
2017-07-08 11:24
I always think about it like a wine bottle in which the wine is the utility of a given thing / service / market. The wine increases steadily as does utility. When people start to print shares or coins or new coins then the utility obviously does not change at that moment. I liken that to adding water to the wine. If you add a little bit the wine is still as good as before. If you add too much obviously it becomes useless or simply water. Then people start to shy away for the wine is now too expensive for its poor grade and they come back when it is a sale again and the water gone.
stolzlos
2017-07-08 11:24
haha
stolzlos
2017-07-08 11:25
the ICOs do not get diluted. The ICOs themselves dilute the crypto space
stolzlos
2017-07-08 11:26
they are a new asset out of nothing with some new utility that cannot be discounted by the market the moment they are born into existence
stolzlos
2017-07-08 11:28
I would say you are spot on
stolzlos
2017-07-08 11:33
well, to the last point. I don't know exactly how it works but I know that there is some coin internal dilution, printing if you will, annually. Dogecoin does the same. For what it is used, I don't know. But I heard that it is either an absolute or relative fixed amount. It is another idea to make some money for somebody.
stolzlos
2017-07-08 11:34
The extreme example is ripple where the dilution can be controlled by a central authority. They decide freely the amount of coins. this is the equivalent of fiat or stocks.
stolzlos
2017-07-08 11:34
they will certainly only print and make use of these insane price increases.
stolzlos
2017-07-08 11:35
I don't know details but it found huge favor in Japan
stolzlos
2017-07-08 11:35
bank related it seems
stolzlos
2017-07-08 11:38
and regarding the ICO issue from above. Just look at it like this. The more wares are for offer, the lower prices have to be. It is simple demand / supply. Whether ICOs are ETH based or not does not matter in my opinion. What we can say though is that the base coin, in this case especially ETH is pumped on the way up for people only get access through ETH to the new "hot" assets.
stolzlos
2017-07-08 11:39
Think 1998. The US was THE market to be in so the whole world had to get USD to invest in the Nasdaq.
stolzlos
2017-07-08 11:39
The dollar subsequently skyrocketed
stolzlos
2017-07-08 11:40
Then the .com bubble popped and everybody was running for the hills
stolzlos
2017-07-08 11:40
foreign investors pulled their money selling US stocks, clobbering them, then selling USD back to their own currency clobbering the dollar.
stolzlos
2017-07-08 11:42
well, my view may be too simplistic, I give you that but even if not perfect I think you can at least draw a parallel to understand a bit what is going on in this financial jungle
stolzlos
2017-07-08 11:44
yeah. the correlation was really scary.
stolzlos
2017-07-08 11:44
actually it still is
stolzlos
2017-07-08 11:45
yes. the independence from the banks is the single most interesting aspect of the whole idea for me.
stolzlos
2017-07-08 11:45
btw
stolzlos
2017-07-08 11:46
how about that one in case you don't know
stolzlos
2017-07-08 11:46
you can trade forex, even stocks and use bitcoin as collateral
stolzlos
2017-07-08 11:46
no need for pesky fiat
stolzlos
2017-07-08 11:47
oh, you don't have to lever up
stolzlos
2017-07-08 11:48
true
stolzlos
2017-07-08 11:48
btc in korea went close to 5000$ at the peak while the big markets only reached 3000$
stolzlos
2017-07-08 11:49
now that is a spread!
skat
2017-07-08 13:27
@skat uploaded a file: https://freedomsurfer.slack.com/files/skat/F65QZRN3U/etherium_crying.png
roman
2017-07-08 14:48
has joined #invest-crypto
otkeedca
2017-07-08 21:50
Concerning ICO tokens (and not the underlying currencies like ETH or BTC): Tokens are not shares. And ICOs are nothing like IPOs. These are very bad analogies.
If you buy into an IPO, you're buying stock in a company that has a real product, that private shareholders have already invested in, that a bunch of people have worked on and developed, probably over years. People pay real money for this product. Shareholders also have certain rights, and the company you buy the shares from have legal responsibilities to their shareholders.
Tokens are given out by teams of developers, who have an idea for a product, but haven't even created anything yet. You have no rights to anything when you buy tokens, and the creators of the tokens have no responsibility to you, legally or otherwise. The value of these tokens is derived exclusively from speculation. If the tokens end up having real value in the future depends solely on the ability for the token devs to produce a product of value.
If you want to compare tokens to something, it's more like funding a Kickstarter, or getting equity in an extremely early stage startup. Many (most?) Kickstarters don't deliver. And I've worked with startups for years, and in my opinion equity in an early stage startup is basically worthless, since 9 out of 10 startups fail within 5 years or less.
/end rant
stolzlos
2017-07-09 06:34
well, different opinions is what makes a market. And I am all in favor of that.
pedrodemendez
2017-07-09 09:18
@skat she also doesn't know how to spell Ethereum :slightly_smiling_face:
tkrunning
2017-07-09 23:09
has joined #invest-crypto
rjmarsden
2017-07-10 06:49
has joined #invest-crypto
rjmarsden
2017-07-10 07:39
hi guys. Ok I'm ready, I done some research and I think I understand enough about the world of crypto to at least begin. At the risk of looking like an idiot, please could anyone help advise if I plan to invest today, for the medium/long term, which cryto do I buy and which tools/sites do I use to buy/hold it in? Bitcoin and Ether seem to be the biggest players so I guess they are a good place to start?
harvie
2017-07-10 08:16
@rjmarsden.
For wallets if you cannot get an offline wallet I really like https://www.exodus.io/. This will allow you to store your coins safely.
Sites to buy include Kraken/Coinbase/localbitcoins. If you have SGD account there's a few in Singapore too and many others for diff locations if you do a quick Google.
As for what to invest in, the market is full of uncertainty right now and many believe we're now in a bear market.Ask 100 people and they will tell you 100 diff things. Myself am only invented in Bitcoin.
Me personally, I'm not holding anything other than BTC, watching on the sidelines and waiting for things to settle before I re-invest too much.
rjmarsden
2017-07-10 08:40
thanks @harvie
rjmarsden
2017-07-10 08:41
really liking the look of Exodus
kl5340dc
2017-07-10 09:42
@harvie you install exodus locally on your pc, that's it?
kl5340dc
2017-07-10 09:42
isn't that not secure if its your main laptop that's connected to the internet
kl5340dc
2017-07-10 09:42
if you lose/break the laptop you'd lose the whole thing (unless you use backup codes I guess)
harvie
2017-07-10 09:55
you install it on your desktop. You'll have a password to login and when you make your first deposit you'll be given 12 random words which you can use to access your wallet if your laptop breaks or whatever. If you have yet to put any coins on there you'll not have your 12 word pass phrase yet.
harvie
2017-07-10 09:59
but yes ideally you want an offline wallet for total security.
kl5340dc
2017-07-10 10:42
where you keep those 12 words? piece of paper in wallet seems silly
kl5340dc
2017-07-10 10:42
I guess a safe somewhere but that's not practical for nomad
maxsuur
2017-07-10 10:47
Anyone here using Bitkey?
maxsuur
2017-07-10 10:48
@kl5340dc you can memorize those words
maxsuur
2017-07-10 10:51
Or even tattoo them :)
maxsuur
2017-07-10 10:53
Very convenient for digital nomads
tkrunning
2017-07-10 10:57
Huh, why did you tag me @brian ?
harvie
2017-07-10 11:04
@kl5340dc memorize. I have a safe so write them down and store them there.
maxsuur
2017-07-10 11:06
Agree with harvie. It doesn't have to be anymore complicated than that @kl5340dc
stolzlos
2017-07-10 11:52
eth looking down a cliff
stolzlos
2017-07-10 11:52
cryptos very weak here
stolzlos
2017-07-10 12:36
eth bounce at 200 but it will be weak. this is just starting
pragmatic
2017-07-10 13:29
Should be plenty of good buying opportunities when this is all over
pragmatic
2017-07-10 13:29
Hard thing will be picking the bottom :slightly_smiling_face:
stolzlos
2017-07-10 15:54
BTC breaking bad, bear market now official
rjmarsden
2017-07-10 15:56
#bitcoin thank you everyone for the advice and guidance, I am now tooled up but it looks like I might wait a few weeks for the bear to calm down before throwing money in the game.
stolzlos
2017-07-10 16:28
@rjmarsden don't rush it. as disappointing as this may sound to you but this could take months to play out. But as a reward for waiting you will get unbelievable bargains.
stolzlos
2017-07-10 16:31
@pragmatic we're gonna find the bottom. don't worry :sunglasses:
stolzlos
2017-07-11 03:53
Monero about to break its uptrend for the first time!
stolzlos
2017-07-11 03:55
eth few buyers at 200$. 100$ starts to look expensive.
stolzlos
2017-07-11 07:04
alts across the board smashed their uptrendlines. including monero
stolzlos
2017-07-11 07:06
that escalated quickly
harvie
2017-07-11 07:39
wow this is insane, let's see how low we go before I start buying
maxsuur
2017-07-11 12:17
Is anyone here big on monero? Conceptually speaking, it is my favorite cryptocurrency
pragmatic
2017-07-11 12:18
Because of the privacy?
maxsuur
2017-07-11 12:24
anonimity, untraceability, the cryptonote protocol is just genius
maxsuur
2017-07-11 12:25
I believe so
maxsuur
2017-07-11 12:25
it can serve well as a store of value, just like BTC
maxsuur
2017-07-11 12:26
its use has increased on the darknets
stolzlos
2017-07-11 19:54
there is no further support for eth until ~102$. I assume that there will be quite a sharp rally for all cryptos when we hit that level.
pragmatic
2017-07-11 20:17
You think that's bottom?
pragmatic
2017-07-11 20:17
Or just a temporary rally?
stolzlos
2017-07-11 20:30
well, it depends on how we get there and how the reaction (rally) looks like.
stolzlos
2017-07-11 20:31
but my gut tells me that we go lower
stolzlos
2017-07-11 20:33
eth and xmr corrected in an altcoin bullmarket around ~73%. I think that in a altcoin bear market north of 80% is pretty realistic.
harvie
2017-07-12 13:45
inter-desting read.
stolzlos
2017-07-12 17:52
squeeze day! everybody who got stopped out is jumping in again "regretting to have sold out at the lows". Painful to watch. Next time when we see new lows the drop will be even harder/steeper/brutal.
stolzlos
2017-07-12 17:53
where is my popcorn?
harvie
2017-07-13 06:22
I had some serious FOMO this morning watching on the sidelines haha but gonna stay out a while longer.
aka
2017-07-13 06:51
has joined #invest-crypto
stolzlos
2017-07-13 17:50
stolzlos
2017-07-13 17:52
no slowing down in sight. we have a looooong way down in front of us.
pragmatic
2017-07-13 17:55
I put some into Tezos. Was hoping valuation wouldn't be so high
pragmatic
2017-07-13 17:55
oh well
pragmatic
2017-07-13 17:56
The Tezos fundraiser was well on its way before the big downturn though
pragmatic
2017-07-13 17:56
and it was mostly BTC
pragmatic
2017-07-13 17:56
so it wasn't affected so much
stolzlos
2017-07-13 17:59
well, they will sell eventually
stolzlos
2017-07-13 18:01
wait
stolzlos
2017-07-13 18:01
"The ICO, which began on July 1 and lasted until the bitcoin network had processed 2,000 transaction blocks, collected a total of 65,630 BTC and 361,122 ETH"
stolzlos
2017-07-13 18:01
not even two weeks
stolzlos
2017-07-13 18:02
they raise a record sum and prices keep falling ... think what will happen when they unload
pragmatic
2017-07-13 18:05
In any case, you think ICOs will only get bigger in the months/years to come?
stolzlos
2017-07-13 18:06
a good question, I don't know.
stolzlos
2017-07-13 18:06
but what I do know is that investors will give up on them, at least temporary
stolzlos
2017-07-13 18:08
I am totally convinced of that for they will get burned in this downturn
stolzlos
2017-07-13 18:08
and when everybody spits on ICOs the market will turn up I assume
stolzlos
2017-07-13 18:08
and it would be wise to invest in them
stolzlos
2017-07-13 18:10
i was never really interested but I will look around next time
stolzlos
2017-07-13 19:29
I assume that page will be a great indicator for the next upswing
pragmatic
2017-07-13 20:05
how do you mean?
harvie
2017-07-14 01:52
Deadcat after deadcat.
harvie
2017-07-14 01:54
My thoughts on ICOs is that most of the new ones now fail hard and die. Once the market loses all their money it will force future ICOs to be more honest to get investor money. To do this I think they need to stop raising 100m+ for an idea and instead ask for much smaller amounts.
danz
2017-07-14 02:17
I hope it stops with those ICO?s, most are nonsense. Hopefully more people will slowly realise and get back from to the decent coins.
roman
2017-07-14 03:01
You?d be surprised. What are seemingly sane individuals on other Slack groups for crypto are all over those ICOs.
roman
2017-07-14 03:02
They are excited when new ones come out, because it gives them a chance to pump & dump. Or buy-in at pre-sale and dump on release date.
roman
2017-07-14 03:02
Lots of schemes. It?s pretty sad.
harvie
2017-07-14 03:10
^Yup, I'm in a group with people who are quite smart in their field but are unable to invest in some ICOs because they are from the US, and will give you a 5-10% (in one case I saw 100%) vig if you buy the token on their behalf .
harvie
2017-07-14 03:11
They all want to invest in the next bitcoin/eth, hoping their investment goes up by 1000x.
stolzlos
2017-07-14 03:14
well, eventually investors will wake up and realize that without due diligence there is no money to be made and they will start to look very, very hard at these ICOs
stolzlos
2017-07-14 03:15
the groups / companies behind ICOs will realize that the good times are over because nobody wants to buy their coins, not even for a fraction of what they get now and give up on ICOs entirely or postpone indefinitely into the future
stolzlos
2017-07-14 03:24
the whole situation will reset but eventually restart
stolzlos
2017-07-14 03:25
we just have to wait and find that restart moment
stolzlos
2017-07-14 03:41
lets see if that is right
stolzlos
2017-07-14 03:41
guy is supposedly a pro trader
stolzlos
2017-07-14 09:21
no idea
roman
2017-07-14 13:01
Judging by a recent poll, most people (> 80%) are for SegWit2x
roman
2017-07-14 13:01
@harvie I am *NOT* from US and can help those people :wink:
stolzlos
2017-07-14 13:19
BTC looks weak, really weak. Next station, sub 1900.
stolzlos
2017-07-14 13:20
half time of these squeezes is getting shorter and shorter. Cryptos running out of buyers.
danz
2017-07-14 13:22
A lot of people I spoke, all wait for end of july/start august to see what happens and then probably start buying again
roman
2017-07-14 13:24
Yeah that is the sentiment. It?s like we are in the middle of a depression cycle because of unknowns.
harvie
2017-07-14 13:50
@roman haha.
I'm waiting till August 1st/2nd before I pump a lot of money in. For now I am just trying to play the dumps and buy the bounces. After a big drop, the shit coins usually bounce 20% before dead-catting. Today has been a slow beed so not sure if it will be possible unlike the last few dumps.
roman
2017-07-14 13:51
VOX and SYNX looking nice
maxsuur
2017-07-14 14:08
Which coins are you going big on @harvie?
harvie
2017-07-14 14:12
@maxsuur I use Poloniex because you can sell into USDT (which is basically fiat). I'll usually buy 4-6 shitcoins and set stop losses. LTC and ETC have been great the past week for recovering strong, I always pick them and then I'll randomly pick 2-3 based on no chart analysis lol. ETC might not be so strong after July 16 as it gets listed on an exchange so expect quite a few sells after that.
It's total retard logic to trading, but if you look at the last few drops, there's always been a small bounce before going down even further. I just hedge between coins to minimize risk.
stolzlos
2017-07-14 14:35
i have a hard time believing that this is all over until beginning of august. Then again, I am quite chickenshit and may be totally wrong. Lets hope you guys are right because then we can make some cash.
pragmatic
2017-07-14 14:47
pragmatic
2017-07-14 14:47
lol
stolzlos
2017-07-14 16:16
that chart looks just terrible
stolzlos
2017-07-14 17:57
I have a feeling that the crypto bloodbath is about to go into high gear.
stolzlos
2017-07-14 18:04
and another entrepreneur falls from grace selling himself to politics
stolzlos
2017-07-14 18:04
stolzlos
2017-07-14 18:05
@brian you are of course right. Bitcoin is the safe haven and it won't fall back that far
stolzlos
2017-07-14 18:05
I actually am a bitcoin bull in this situation for the alts are really going to get it hard
stolzlos
2017-07-14 18:05
but it is going to be punched
stolzlos
2017-07-14 18:06
second that
roman
2017-07-14 18:09
I am pretty sure it will not be any of the current ones to become the de facto standard. This is all just a giant experiment. Unless it?s Bitcoin thru evolution of forks, at which point it will be just the name Bitcoin left, which I am also OK with.
My friend recently had a good comparison. Take credit card industry. We now have 2 major players (in the western world): MasterCard and Visa. To get to this point, we had a lot of iterations and shenanigans. It all started with store credit, then some basic ?charge cards?, and evolved into this thing where almost anywhere in the world you can pay with a credit card.
But it took YEARS! Charge cards started in 1914! No doubt that tech now iterates much quicker. So I doubt it?ll take 100 years for tech to iterate, but easily can be 10 years.
roman
2017-07-14 18:10
Then also don?t forget all kinds of evil forces pushing back. There will be EHMs, shadow governments etc pushing back on this revolution. And given the history, they might as well win.
roman
2017-07-14 18:11
Well, as I said, I don?t think it will be bitcoin that will be the standard. At least not in any current form.
roman
2017-07-14 18:11
Yea, so give it another 10 :smile:
roman
2017-07-14 18:14
I only use bitcoin for trading. Hodling ETH tho.
roman
2017-07-14 18:18
2) I don?t have any technical explanations, other than I feel more strongly about ETH community and the vision is a bit more clear there.
roman
2017-07-14 18:18
It just feels more serious.
roman
2017-07-14 18:19
It?s also less tainted with other BS like dark net markets, and scams for those viruses.
roman
2017-07-14 18:19
Of course, that can give it more exposure, but can also create a negative association and become a target of regulators
roman
2017-07-14 18:19
Then there is the flippening :slightly_smiling_face:
roman
2017-07-14 18:20
At one point ETH was at ~ 80% I think, a few weeks ago at it?s peak
roman
2017-07-14 18:20
market cap
roman
2017-07-14 18:20
of btc
roman
2017-07-14 18:21
> Screenshot of flippening.watch at 10:29pm on June 12th, 2017
roman
2017-07-14 18:21
This is how close ETH got to BTC at one point :slightly_smiling_face:
roman
2017-07-14 18:22
It was probably just speculative at this point, as ETH was mooning. So definitely not solid gains. But a good start.
roman
2017-07-14 18:22
Same same haha
roman
2017-07-14 18:23
Well, it was less of FOMO more of ?finally got funds into exchange, buy all things?
roman
2017-07-14 18:23
yeah hindsight hindsight :wink:
roman
2017-07-14 18:23
Same as AAPL and GOOG :smile:
roman
2017-07-14 18:23
And every other seemingly interesting op
roman
2017-07-14 18:24
> Well, it was less of FOMO more of ?finally got funds into exchange, buy all things?
I meant that was me :slightly_smiling_face:
roman
2017-07-14 18:24
It took me 3 weeks to get funds in, because of verifications for my business account
roman
2017-07-14 18:24
In Canada it?s not so easy unfortunately
roman
2017-07-14 18:24
Coinbase blocked me all together without any explanations
roman
2017-07-14 18:25
It was so strange. I got verified with passport and driver license successfully. 10 minutes later get blocked. Still can access account, but cannot purchase anything
roman
2017-07-14 18:25
anyhow I am out to the gym. ttyl
roman
2017-07-14 18:27
ya that can only happen when it stops being so volatile? otherwise it?s impossible to transact haha
roman
2017-07-14 18:27
it has to become THE primary currency and then fiat becomes volatile and people will stop using it
roman
2017-07-14 18:27
Kind of like the flippening but with fiat
stolzlos
2017-07-14 18:41
that would be nice, a currency that only appreciates. But unfortunately even gold does not do that and it would be by far the best candidate for the job.
stolzlos
2017-07-14 18:48
yes, sure. what I mean is more like a stability or increase on a yearly basis rather than these 2000% up, 50% down swings over a period of 15 years.
stolzlos
2017-07-14 18:49
true, but you still have to manage your gold
stolzlos
2017-07-14 18:49
buying at the top is no fun
stolzlos
2017-07-14 18:50
i mean, of course it is the lunatics at the cbs who cause the swings
stolzlos
2017-07-14 18:51
but wishing them away won't solve the imminent problem of the damn price swings
stolzlos
2017-07-14 18:57
compared to them gold is as stable as you get :wink:
harvie
2017-07-15 02:00
could not find an entry point last night that I liked, maybe later tonight if we get more lows.
harvie
2017-07-15 03:03
To comment on what @roman said about Visa and MasterCard, this is a copy and paste from one of my private Skype groups a few weeks ago
harvie
2017-07-15 03:03
@harvie uploaded a file: https://freedomsurfer.slack.com/files/harvie/F6A754295/-.txt
harvie
2017-07-15 03:04
I can for sure see a VisaCoin etc in the coming years, but if BTC gets a big enough foothold in the next few years ( I think it will) then the world cannot turn their noises up against it. For me the biggest validation of Bitcoin is when a major Ecommence store starts accepting it as payment.
roman
2017-07-15 03:10
@harvie good insight, thanks!
roman
2017-07-15 03:11
I think for mass adoption, the coin has to be easy to acquire. As it stands right now, it?s pretty much impossible for an average Joe to buy it. You need to open an account on exchange, verify it, fund it using weird and different methods (wire, ACH, bill payment, etc?) Or use Coinbase and get dinged for 3% or more. None of this is smooth.
roman
2017-07-15 03:15
So, if a big institution makes a coin, like VisaCoin and makes it easy to fund, then maybe? But even that. The buy process is too difficult to an average Joe too. You need a wallet (try to explain it to my wife what a crypto wallet is and how to keep it secure hahahaha). Then to buy something online you need to do some weird steps too. Basically my point is that in the current iteration of the tech we are still very far away from smooth transactions like we do with a credit card. It took since early late 90s till now to get smooth adoption and confidence for people to start pulling out CCs to pay for things. Even 10 years ago many thought it was weird. People used it, but a lot were afraid.
roman
2017-07-15 03:15
Lots of problems to solve still.
stolzlos
2017-07-15 05:34
@harvie thanks a lot for providing this! I can confirm that at least a few statements are certainly valid (which makes me think that the rest is also).
stolzlos
2017-07-15 05:46
it is funny actually because I like watching markets and I can tell you that the last weeks have had a creepy feeling to me. That stopped when the market finally broke and is now accelerating to the downside. Now it feels normal again.
stolzlos
2017-07-15 05:48
Watching charts is a hobby for me and I do it a lot. So I have at least some feel for it but recently I could literally see big money getting in and smashing the price around. Charts stopped making sense, literally. I wonder if that is connected to your post. It might be.
stolzlos
2017-07-15 05:49
Remember that I said that I think that this is or will be the first bear market in altcoins.
stolzlos
2017-07-15 07:22
I just cannot show this chart enough. Frightening ...
stolzlos
2017-07-15 09:27
Litecoin starting to breaking down
danz
2017-07-15 09:46
They are all breaking down basically?:)
stolzlos
2017-07-15 09:48
I am only looking at coins that are traded in USD
stolzlos
2017-07-15 09:48
Among these Litecoin and Dash are the strongest and least affected by this downturn
stolzlos
2017-07-15 09:49
Yet, Litecoin clearly broke its uptrend and Dash is a mess
stolzlos
2017-07-15 09:49
I think Dash is only a matter of time before we see a critical move down that marks its end
danz
2017-07-15 09:49
Why would you think that of Dash?
danz
2017-07-15 09:50
Other competitive coins will take over? (Monero/Zcash)?
stolzlos
2017-07-15 09:50
So, for the USD traded coins, to answer your question, only one left that is not yet clearly breaking down
stolzlos
2017-07-15 09:50
Ah, sorry. When I mean "mess" then I am talking about its chart
stolzlos
2017-07-15 09:50
The tech is wonderful. I love it.
stolzlos
2017-07-15 09:51
So is Monero, etc.
danz
2017-07-15 09:51
I see
stolzlos
2017-07-15 09:52
Price is decoupling from fundamentals, for a time. That is what it all means.
stolzlos
2017-07-15 09:57
Man, I would love to get Dash at, lets say 35$
danz
2017-07-15 10:04
Don?t think it will ever go there again
danz
2017-07-15 10:04
But you never know
stolzlos
2017-07-15 10:08
i agree. but I also think that 99.9% of all people involved think that way. That I find kinda scary.
danz
2017-07-15 10:08
True, but that probably will mean that the marketcap goes to nothing almost.
danz
2017-07-15 10:08
I would say to many people involved for that to be happen already.
stolzlos
2017-07-15 10:13
i also think so. lets see what happens and make the best out of it.
maxsuur
2017-07-15 10:39
Stolzlos, I have real difficulty trying to keep up with the terminology being used here. I'd like to know your views on why certain coins will go down, around which dates they will hit rock bottom, which of them are worth buying and why. I purchased some a while ago and now I want to enter the cryptomarket again. Thanks!
stolzlos
2017-07-15 10:56
@maxsuur if there is something unclear or contradictory in what I say feel free to ask or criticize. I love markets and discussions about them so fire away.
stolzlos
2017-07-15 10:57
but note that my knowledge is not perfect nor it will ever be. Also understand that I am talking my book and am totally biased depending on the market we are talking about
maxsuur
2017-07-15 11:03
@stolzlos That's why I want to know your completely biased opinion :slightly_smiling_face:
stolzlos
2017-07-15 11:08
you have been warned :wink:
stolzlos
2017-07-15 11:09
anyway, your statement/question above is very broad. If there is specific questions I will try to answer.
maxsuur
2017-07-15 11:23
I am interested in these 4 coins: BTC, LTC, ETH, XMR. Especially BTC and XMR. I want to know how low they could go and when it'll be a good time to buy. As simple as that.
stolzlos
2017-07-15 11:28
may I ask whether you do any charting at all?
stolzlos
2017-07-15 11:28
helps me to explain if I know that
maxsuur
2017-07-15 11:33
I am fairly illiterate at charting
stolzlos
2017-07-15 11:34
it is not really hard. Lets look at an example with BTC.
stolzlos
2017-07-15 11:34
@stolzlos uploaded a file: https://freedomsurfer.slack.com/files/stolzlos/F699URML2/pasted_image_at_2017_07_15_01_34_pm.png
stolzlos
2017-07-15 11:35
we have a clear uptrend line. This line must hold for the bullmarket to continue. If we go down which I think is likely we will hit the line (support) at around 1300-1350
stolzlos
2017-07-15 11:36
Everybody is going to buy the shit out of BTC there
stolzlos
2017-07-15 11:36
it is going to bounce sharply. You can get in there for example.
stolzlos
2017-07-15 11:37
But there is no guarantee that this price will hold. Nobody knows what will happen. Includes me. I am preparing myself that the line gets retested several times.
stolzlos
2017-07-15 11:37
It would be not good if it breaks but if it does then the trendline becomes useless.
stolzlos
2017-07-15 11:38
Then we are talking levels instead of trendlines. The next one I see would be around 780$. Again, a lot of buyers there. If we get there I assume the bear market would be over.
stolzlos
2017-07-15 11:38
if not all cryptos will go to hell
stolzlos
2017-07-15 11:38
can't imagine that in the world we are living.
maxsuur
2017-07-15 11:40
Interesting. If BTC went down to 1300 $, I'd definitely buy. Still, I don't think BTC will ever break down the 1000$ barrier
maxsuur
2017-07-15 11:40
that'd be too much of a swing
danz
2017-07-15 11:40
Same here
stolzlos
2017-07-15 11:40
same here :wink:
maxsuur
2017-07-15 11:40
Do you have mechanisms in place to alert you when BTC is at a desirable price?
danz
2017-07-15 11:41
If that happens, I think everyone would lose the trust completely in crypto?s
danz
2017-07-15 11:41
And that would be the end perhaps?
stolzlos
2017-07-15 11:41
let me tell you something
stolzlos
2017-07-15 11:41
I lost my share of money trading
stolzlos
2017-07-15 11:41
and if there is something that I learned then it is this
harvie
2017-07-15 11:41
I think the $1500-1700 range we shoulg get good support. Think we can expect to see a deadcat around 1900~
stolzlos
2017-07-15 11:41
never fall in love with your investments
stolzlos
2017-07-15 11:42
it clouds your vision. You cannot sell when you should. You cannot buy when you should.
stolzlos
2017-07-15 11:42
Dan Zanger is the world record holder in trading stocks. He said, never believe in your stocks. Only believe in your stops.
stolzlos
2017-07-15 11:43
that one statement is maybe the most important in trading
danz
2017-07-15 11:43
It?s true
danz
2017-07-15 11:43
That?s why the golden rule, only use some money you are able to lose
maxsuur
2017-07-15 11:43
great advice. the same thing holds true in business. Never fall in love with your product, but with your customer.
danz
2017-07-15 11:43
But in this crypto world, everyone put?s in money without even thinking
stolzlos
2017-07-15 11:43
great stuff @maxsuur
danz
2017-07-15 11:44
and that scares me sometimes
stolzlos
2017-07-15 11:44
@danz in regard to cryptos I am scared shitless right now
danz
2017-07-15 11:44
Me to, as my profits keep going down and down.
harvie
2017-07-15 11:44
lots of fanboys in crypto, various comments you'll see an us versus them mentality esp for BTC/ETH hodlers. Just visit Reddit or read the comments of articles on Coindesk/Cointelegraph.
danz
2017-07-15 11:45
I already feel stupid for not having taken more profit out when it peaked before
stolzlos
2017-07-15 11:45
yes, pumping in high gear everywhere
danz
2017-07-15 11:45
@harvie, true. The only thing you see is people posting memes, ?hodl? messages and other bullshit.
maxsuur
2017-07-15 11:45
I am trying to see it long-term, I have very little money into crypto. But I cannot see why BTC won't go up to ten of thousands of eur in the future
maxsuur
2017-07-15 11:46
Having that in mind, putting a lot of your disposable income into BTC sounds like a great idea
stolzlos
2017-07-15 11:46
@maxsuur lets talk about my timing then. I am a short term bear, mid term agnostic, long term bull
maxsuur
2017-07-15 11:47
even if you make none in the short term via trading, in the long-term you're beating everyone
stolzlos
2017-07-15 11:47
I totally second that
maxsuur
2017-07-15 11:47
I think most of us are optimistic about BTC, otherwise we wouldn't be here
danz
2017-07-15 11:47
That?s why I don?t bother daytrading currencies
stolzlos
2017-07-15 11:48
did that, been there, got burned
maxsuur
2017-07-15 11:48
and Mr. Antonopoulos wouldn't have foot to spoon into his mouth
maxsuur
2017-07-15 11:48
*food
harvie
2017-07-15 11:48
Long term I think you should wait till August 1st then consider putting X amount in the coins you like each month and stop reading the stuff in the news. This is what I do with my invesments outside of cyrpto.
Each month I'll put X into my funds/gold/silver.
For now I think Cyrpto is in an obvious bear market so I have took money out and trying to play the dips (short-term strat). But long term when the smoke clear I'm going back to my long-term plan and invest in the coins I think have potential.
maxsuur
2017-07-15 11:49
Man, had I purchased BTC when I opened my account in BTC-e back in 2014
maxsuur
2017-07-15 11:49
and put money regularly and never panic and don't give too much of a fuck, I'd probably be on my way to wealth right now
maxsuur
2017-07-15 11:50
But I sold it when it went down from 300$ to 200 $ and so on
danz
2017-07-15 11:50
I bought most early this year, so I feel quite safe with the investments asI don?t think it will reach that point again. So I am just holding long term, probably switch some more altcoins to BTC in the end and leave it there for the foreseeable future.
maxsuur
2017-07-15 11:50
emotions, fear, panic, greed...
danz
2017-07-15 11:50
Know that feeling
stolzlos
2017-07-15 11:50
so do i
maxsuur
2017-07-15 11:51
When BTC is at a good price once again, I'll pour as much as I can into it
maxsuur
2017-07-15 11:51
and will do it consistently over the years to come
stolzlos
2017-07-15 11:51
you want to know what coins I will buy in the future?
maxsuur
2017-07-15 11:51
I am all eyes (or ears)
danz
2017-07-15 11:52
I would like your opinion on Antshares if you have one
stolzlos
2017-07-15 11:52
well, rather then the coins itself I will tell you something about the process before
stolzlos
2017-07-15 11:53
when you have a bullmarket you always have stuff that goes flying. Everybodies darling. In this case, ETH
stolzlos
2017-07-15 11:53
or Ripple maybe
stolzlos
2017-07-15 11:53
When markets turn everything burns down but what is interesting is that the former leaders or darlings struggle the most
stolzlos
2017-07-15 11:54
Why? Because they are hated the most. Why? Because the most people participated and lost money.
stolzlos
2017-07-15 11:54
That is really true.
stolzlos
2017-07-15 11:55
So you want to focus on coins that may have had a mediocre performance but, and that is important, get killed "the least"
stolzlos
2017-07-15 11:55
We all know the peak. To calculate and find the strongest one on the way down therefore is easy.
stolzlos
2017-07-15 11:56
This is what I am going to focus on. Also
stolzlos
2017-07-15 11:56
If you have at the turn of the market new coins then you should buy them
stolzlos
2017-07-15 11:56
because there are no burned people yet involved in it who want to sell as soon as price increases
maxsuur
2017-07-15 11:57
I am interested to know about the potential behind new coins. What are your thoughts on Monero?
stolzlos
2017-07-15 11:58
I think that all the coins have great tech. Monero certainly. Yet, and that may be a stupid thing but I cannot change it but it does not matter.
stolzlos
2017-07-15 11:58
not for trading.
stolzlos
2017-07-15 11:58
for it is not our opinion that counts. In trading it is everybody elses opinion that counts.
stolzlos
2017-07-15 11:58
but most people try to ignore that obvious fact
stolzlos
2017-07-15 11:59
for you make money by guessing the opinion of other people in the future
stolzlos
2017-07-15 11:59
not your own
maxsuur
2017-07-15 12:01
I see a future where privacy/anonimity is threatened at each passing day. Monero is a fantastic solution. And I believe it'll go way more up
stolzlos
2017-07-15 12:01
@danz sorry, I don't know about antshares. got a chart?
maxsuur
2017-07-15 12:01
But as you said, I am not sure if others will see it the same way
stolzlos
2017-07-15 12:01
and that is why charting is so powerful
danz
2017-07-15 12:01
Been one of the most talked coins last month, https://coinmarketcap.com/currencies/antshares/
stolzlos
2017-07-15 12:02
for what charts really reflect is the constant flux of opinions of the participants
danz
2017-07-15 12:02
I see it that way, but at the same time 2/3 other coins offer kinda the same technology what Monero does.
stolzlos
2017-07-15 12:02
think about it what powerful tool that is. There is no greater.
danz
2017-07-15 12:03
I don?t think charts make sense every time for every coin (yet), especially as the marketcap is low for some coins which can make them really volatile
stolzlos
2017-07-15 12:04
regarding antshares, hard to see because I would have to look at it on log scale
stolzlos
2017-07-15 12:04
yet it peaked on the 19th I think so it is in sync with the rest
danz
2017-07-15 12:05
It peaked because of the hype/news and conference that came out
danz
2017-07-15 12:05
After that it kinda crashed hard
stolzlos
2017-07-15 12:05
oh, one thing, its previous bottom was about 4.5$. It is going to get crushed below I assume.
harvie
2017-07-15 12:06
@stolzlos your current advice is based on short-term trading? I think long-term one should invest in what they believe will serve a need in the future. Short-term I agree with some of your points but if someone wants to be hodling for years I think graphs and buyer sentiment won't matter for 3-10year period.
stolzlos
2017-07-15 12:07
any investment you do is always based on the predicament that you know what opinion other people will hold in the future
stolzlos
2017-07-15 12:07
this can be short, medium, long term
stolzlos
2017-07-15 12:07
same for all timeframes
stolzlos
2017-07-15 12:08
for example, I am a uranium bull, long term but the fact is that I am losing money for short term almost nobody wants to share my opinion
stolzlos
2017-07-15 12:09
everybody tries to short tesla. Long term they are right, short term they get taken to the cleaners
harvie
2017-07-15 12:09
Okay interesting points, not sure I agree with them all on a long-term scale, but do on a short-term. For example, ETH is going to lose a lot of people money and yes the people who lost will hate it and may not want to invest on the next cycle and opt for something else. But if big fiance or other whales enter the market they will opt for coins they feel have value and will be around. We could aruge that these players will bring more money in than the people who got hurt (mostly newbs with low capital).
stolzlos
2017-07-15 12:10
but look
stolzlos
2017-07-15 12:10
we private people don't mind if we hold an investment that does not earn anything, yet
stolzlos
2017-07-15 12:11
do you think that is possible in a bank?
stolzlos
2017-07-15 12:11
you know how fast you get kicked out if you cannot show profits?
stolzlos
2017-07-15 12:11
especially finance will only go for the stuff that rises
stolzlos
2017-07-15 12:11
they don't give much about the tech
stolzlos
2017-07-15 12:12
they are in for big money, nothing else
stolzlos
2017-07-15 12:12
they have no pulse these people
stolzlos
2017-07-15 12:12
they are there to separate you from your hard earned cash
stolzlos
2017-07-15 12:13
but that is my opinion only and maybe I am too negative
stolzlos
2017-07-15 12:13
who knows
harvie
2017-07-15 12:18
Interesting thoughts, I don't agree but value what you said, has given me more food for thought on things. My views may be a little naive but I think the best products will win in the end that comply with the law. For example, XMR is great but won't be adapted on a mainstream scale because it's private, governments will want to ban anyone using it as the coin is anti-establishment and a great way to launder money. Businesses won't want to use it for payments.
But this doesn't mean the coin will die, if enough of the market deems it to be valuable it could explode.
I guess there are dozens of roads each coin take based on a number of various factors.
Prob gone a little away from the original discussion, but I'm drinking and about to go out. :smile:
stolzlos
2017-07-15 12:19
haha, your way is the best way to approach these matters!
stolzlos
2017-07-15 12:19
I will try to emulate that tonight!
maxsuur
2017-07-15 12:38
@harvie if they stopped Monero, they'd have to go after BTC too. I think the future is that everyone would be able to even create their own coins and be able to exchange them with anyone. If Monero goes down, another crypto would be created using the same or a similar protocol. Anyway, interesting times.
kl5340dc
2017-07-15 14:13
interesting convo
kl5340dc
2017-07-15 14:13
so if you'd bet on 3 crypto that would be big in 10 years
kl5340dc
2017-07-15 14:14
what you bet on?
kl5340dc
2017-07-15 14:14
keep hearing btc/eth/ltc
kl5340dc
2017-07-15 14:14
btc for the rep, eth for the apps, ltc due to btc probs
roman
2017-07-15 15:10
Those ATMs are a rip off. At least in Montreal. They take 10%.
roman
2017-07-15 15:11
Even if it's zero. It can't compare to convenience of plastic at the moment.
stolzlos
2017-07-15 16:12
BTC 2000$ did not impress anybody so far, few buyers. Just a matter of time before we smash lower.
stolzlos
2017-07-15 16:14
2000$ is of course quite a big psychological barrier. Cracking that I expect a spike to the downside. Pros know that and get ready to buy. I suspect around 1850-1800.
stolzlos
2017-07-15 16:15
only a short term trade of course
maxsuur
2017-07-15 16:15
Here in Austria you can buy BTC at the Post Office
stolzlos
2017-07-15 16:15
LOL
stolzlos
2017-07-15 16:15
really?!?!?!?!
maxsuur
2017-07-15 16:15
Yes
stolzlos
2017-07-15 16:16
that is impressive!
maxsuur
2017-07-15 16:16
There's some sort of partnership though
maxsuur
2017-07-15 16:16
but you buy offline, 50, 100, 200 eur worth in BTC at the post office
maxsuur
2017-07-15 16:16
and then you redeem it on Bitpanda's Exchange
maxsuur
2017-07-15 16:16
it's not perfect, but it's a monumental step towards mass adoption
maxsuur
2017-07-15 16:16
:smile:
stolzlos
2017-07-15 16:17
I really like it!
maxsuur
2017-07-15 16:17
yesterday I almost buy one
stolzlos
2017-07-15 16:18
yeah. stuff like that is worth trying to see where the problems are
maxsuur
2017-07-15 16:18
yep
maxsuur
2017-07-15 16:19
there's also a very well known store in Vienna's downtown where you can buy BTC too
stolzlos
2017-07-15 16:20
u in vienna?
stolzlos
2017-07-15 18:35
zero bounce in ETH!
stolzlos
2017-07-15 18:37
People noticed the cliff. I would not have expected it this weak. A nice example where you can see how opinions in the aggregate changed to at least neutral (if not negative)
maxsuur
2017-07-15 20:20
Would you guys purchase an used ledger nano S?
kl5340dc
2017-07-15 21:59
It would seem to be safe to do so
kl5340dc
2017-07-15 21:59
I bought a new one this week from them https://www.3dsoma.com/en/bitcoin-and-blockchain/296-ledger-nano-s-cryptocurrency-hardware-wallet-3760027781234.html
kl5340dc
2017-07-15 22:00
no need to wait until september this way
maxsuur
2017-07-15 22:06
Good
maxsuur
2017-07-15 22:08
Fair price though
roman
2017-07-16 05:29
I purchased Trazor
stolzlos
2017-07-16 07:02
for all whom it may concern
harvie
2017-07-16 11:02
@kl5340dc not sure which 3 I would pick as the product and markets change all the time. But for sure I'd go with Bitcoin as it's a great store of value and is already making its way into laws (Australia, Japan). I also have a soft spot for STEEM as they have a working product but I don't know too much about them, need to check out their white paper.
harvie
2017-07-16 11:11
Also there so much fluff in the market right now (shitty coins, bad ICOs) that it's like looking for a needle in a haystack to find a good coin as it takes the best part of a day to really research a coin and there are 700.
maxsuur
2017-07-16 11:13
Still confused about Steen. Don't know if that is a fairy tale or it has potential to have value.
maxsuur
2017-07-16 11:14
*Steem
harvie
2017-07-16 11:15
hehe yes me too, reading their 46 page whitepaper has been on my to do list since forever. I just wish they wrote whitepapers in jargon free English. I like Golem too but there's a few others that are doing a similar thing I've been told.
maxsuur
2017-07-16 11:18
The concept is without a doubt interesting. And I guess it's the next logical conclusion to facebook in the crypto digital age. There's a real incentive for people to produce content this way, even without advertisers. It is a mix of patreon, wordpress + facebook
maxsuur
2017-07-16 11:19
Curious to see how far it goes
stolzlos
2017-07-16 14:31
Ripple -20%. The chart looks like the world will end.
maxsuur
2017-07-16 14:36
it's really going down.
stolzlos
2017-07-16 14:38
ETC ripped 30% because Huobi listed ETC. Chinese are now under water. The entire move retraced and if we fall more they will see another 40% haircut.
stolzlos
2017-07-16 14:39
which would btw coincide with ETH at around 102$
stolzlos
2017-07-16 14:39
this is no coincidence
roman
2017-07-16 16:11
Crash and burn.
roman
2017-07-16 16:12
And I entered at the most top :(
janemac
2017-07-16 16:33
has joined #invest-crypto
stolzlos
2017-07-16 16:56
Went as planned. Had an order but got cold feet and bailed. Damn it.
stolzlos
2017-07-16 16:56
which means, I'm no pro ... yet
stolzlos
2017-07-16 16:58
we are going to close green across the board
stolzlos
2017-07-16 17:37
weekly gives some perspective on the longer term development. This has just begun ....
stolzlos
2017-07-16 17:47
even if we rally today a few % more, the weekly candle is basically done. It means nothing else but that we are going down. That we tag the upper trendline is in my personal opinion a given absent a miracle.
stolzlos
2017-07-16 17:51
the worst case scenario for ETH, which I think is possible, is that we go back all the way to the trendline until the end of the year. Possibly 50$ or less.
stolzlos
2017-07-16 19:21
or so I thought ...
stolzlos
2017-07-17 06:17
man, you gotta love the pros. these guys work like clockwork. this is what you are up against when trading. these markets are already in the hands of the big boys.
stolzlos
2017-07-17 06:19
does not mean you can't win.
stolzlos
2017-07-17 06:24
but you got to understand who is sitting with you at the table
maxsuur
2017-07-17 10:49
Outrageous Monero withdrawal fees on Kraken. What's in your view the most affordable way to purchase and transfer these crypto to your wallet?
maxsuur
2017-07-17 10:49
*this
harvie
2017-07-17 11:24
buy on Polo and send to wallet. What is Kraken fees?
maxsuur
2017-07-17 11:25
0.05monero
maxsuur
2017-07-17 11:25
5%
maxsuur
2017-07-17 11:25
no good
harvie
2017-07-17 11:26
Polo is .25 or .15% forgot now.
maxsuur
2017-07-17 11:28
not that bad, I'llcheck it out
roman
2017-07-17 11:55
0.05 monero != 5% or am I missing something? It's only 5% if you want to draw exactly 1 monero :)
roman
2017-07-17 11:56
The way I interpreted it is that it's just a flat rate of 0.05 moneros to draw regardless of the amount.
roman
2017-07-17 11:57
Which is USD$0.016
maxsuur
2017-07-17 12:23
maxsuur
2017-07-17 12:25
here's the thing. it's a flat rate of 0.05 moneros: 5% of 1Monero
maxsuur
2017-07-17 12:25
1 XMR= 30 USD
0.05XMR: 1.5 USD
maxsuur
2017-07-17 12:26
if XMR goes up to 1000 USD
you'll be paying 50 USD
maxsuur
2017-07-17 12:26
quite an amount, don't you think?
maxsuur
2017-07-17 12:29
if that happens, I think I'd rely on LocalBitcoin. Hopefully they'll down monero withdrawal fees in that case
harvie
2017-07-17 13:00
that feel might be per transaction? So if you withdraw 100 XMR you only pay .005.
maxsuur
2017-07-17 13:22
Probably I've interpreted it wrongly.
maxsuur
2017-07-17 13:23
in that previous example, If I take out 4k USD worth of Monero, I'd be paying those exact same 50 USD
stolzlos
2017-07-17 18:37
BTC rocket flying towards 2250-2300. Strong resistance. Will likely reverse there.
stolzlos
2017-07-18 03:49
As far as I can see, BTC broke its intraday record yesterday. Open/Close >17%. This is the first time in this bullmarket since the bottom in 2015.
stolzlos
2017-07-18 03:51
volatility is never good. never.
harvie
2017-07-18 03:51
Can't help but feel it's an epic bull trap. Can't see many examples of a market dropping as much as this only to recover so fast and moon. Wish I'll be wrong though :smile:
stolzlos
2017-07-18 03:52
you are 100% spot on
stolzlos
2017-07-18 03:52
this is one monster bulltrap or rather a bull slaughterhouse.
stolzlos
2017-07-18 03:54
now we have to look for the next intermediary bottom. The last 3 drops were almost to the t 31%.
stolzlos
2017-07-18 08:48
we almost reached 2300. alts already struggling.
roman
2017-07-18 12:46
Doubt it?s a bull trap. The sentiment in the crypto trading community is overall positive. Chinese exchanges seemingly agreed to SegWit2x and % of signalling blocks is pretty high (BIP91: 75.00%). Meaning that at this point split is unlikely unless this trend changes later on. But the fact that Chinese agreed is a very good sign. So now, in a couple of communities I am in, the prediction is that Bitcoin is going to the moon after August 1st. So people are in buying mode.
stolzlos
2017-07-18 14:31
it is possible that I am wrong and I will admit immediately when I see proof of it because when I am wrong I lose money
stolzlos
2017-07-18 14:32
but I have seen nothing so far that would change my opinion
stolzlos
2017-07-18 14:33
for now we have a clear downtrend and that must be broken
stolzlos
2017-07-18 14:36
2300 would have been my top for this spike but clearly we have bullish sentiment due to news. 2430 is now my top target.
stolzlos
2017-07-18 14:37
if we break that solidly I will start to shift my opinion from negative to neutral
stolzlos
2017-07-18 14:39
3 other reasons why I remain a bear is as following:
stolzlos
2017-07-18 14:39
1. bullish sentiment (sign of a top)
stolzlos
2017-07-18 14:39
2. extreme volatility (the worst so far)
stolzlos
2017-07-18 14:39
3. huge volume (not a bottom)
stolzlos
2017-07-18 14:41
and to be clear. I would love for cryptos to resume their uptrend because I find it difficult to make money in a bear market. I am all in favor of that.
stolzlos
2017-07-18 17:11
this is the downtrend that I see. We must push out of that channel by all means and with power. Otherwise this move will be an epic fail. 1640ish would be the next stop in my opinion if we do fail.
stolzlos
2017-07-18 20:46
ETH is just insanity. I think this will be a new intraday record. Broke its downtrend (intraday). Tough to be bearish. Lets see where it will close for that is what really matters.
danz
2017-07-19 00:37
stolzlos
2017-07-19 03:59
ETH failed to break its downtrend yesterday. Lets hope it can do so today. BTC closed at 2300$. Also still in downtrend.
stolzlos
2017-07-19 20:04
ETH failed again to break today and again on massive volume. The same goes for BTC unable to close above 2300$. Downtrends for both still firmly in place.
stolzlos
2017-07-19 20:17
32 mil! hey does that not mean that they split again?
stolzlos
2017-07-19 20:18
what was it the first time? 45 mil?
maxsuur
2017-07-19 20:38
the heck!
stolzlos
2017-07-19 20:41
hey, anybody here having an itBit account and extremely deep pockets? These two orders are at prices explicitly discussed here and make up 80% of the entire orderbook!
archivebot
2017-07-20 07:20
has joined #invest-crypto
stolzlos
2017-07-20 11:35
can`t deny the fact that BTC starts to look good here
stolzlos
2017-07-20 12:25
well bitcoin broke out 100%.
harvie
2017-07-20 22:04
who saw that comming!
danz
2017-07-20 23:56
That went fast
stolzlos
2017-07-21 03:33
I didn't :wink:
harvie
2017-07-21 06:37
Don't worry @stolzlos I don't think anybody did :smile:
stolzlos
2017-07-21 19:35
I really want to know how this all will play out. Alts "still" look like crap. None of them managed to break out. Not even ETH. And all of that after that big bullish news.
stolzlos
2017-07-21 19:36
Somethings got to give.
maxsuur
2017-07-21 20:53
Anyone into siacoin?
danz
2017-07-22 01:15
None of them breaked out, what you mean with that exactly? Some increased 100% in 48 hours.
danz
2017-07-22 01:15
I got a bit of Siacoin @maxsuur, not much.
maxsuur
2017-07-22 01:32
@danz just believe that technology has potential, I was wondering if there were folks who'd think the same
danz
2017-07-22 01:32
That?s why I bought a bit to
harvie
2017-07-22 05:22
@danz I think he means a breakout to break the pattern of the downtrend, I could be wrong. Looks like BTC did break that and now formed what I think is a double top, but many of the alts failed. Gonna be a fun week for crypto!
harvie
2017-07-22 05:31
for alts I think it's better to look at the BTC/Alt pairing then alts/USD as for most you have to buy using btc.
stolzlos
2017-07-22 07:14
@danz just think of it as the raving of a bear :wink:
stolzlos
2017-07-22 07:15
I look at these markets and still, STILL, see lots of downside that simply does not materialize
stolzlos
2017-07-22 07:17
and that drives me nuts.
stolzlos
2017-07-22 07:21
and yes, as @harvie says cryptos either don't break their downtrends and the ones that do do not reclaim their uptrends, at least yet. The action in BTC obviously invalidates my expectations but on the other hand it is the sole exception for now.
stolzlos
2017-07-22 07:23
I will wait and see and hope that we settle here and that the markets calm down so that a buying opportunity arises (cannot stomach the volatility).
harvie
2017-07-22 07:37
I've been arbing a bit, can get $150~ per btc which I'll then sell into USDT, looking for a good entry point myself. Kind of hope BTC settles around 2400~ for an entry point assuming it doesn't moon further.
harvie
2017-07-22 07:37
my hands too weak to buy now
danz
2017-07-22 07:53
Just read that Coinbase added 100k users in 3 days, pretty impressive. Still many new hands buying I guess.
maxsuur
2017-07-22 18:11
siacoin/filecoin/storj.....
stolzlos
2017-07-22 19:46
good setup for ETH. Finally ...
stolzlos
2017-07-23 10:54
lots of altcoins formed head and shoulder pattern. The crypto market feels really creepy...
stolzlos
2017-07-23 10:56
IMHO we are at a make or break point
stolzlos
2017-07-23 11:55
Head & Shoulders also in ETH?
stolzlos
2017-07-23 12:00
I cannot stop being a bear just yet.
stolzlos
2017-07-24 03:43
The setup in ETH has become even crisper. Rare. The next move will be deciding for all cryptos.
harvie
2017-07-24 13:55
dash broke out that's a good sign, ETH/XMR seem to be on the cusp as well
stolzlos
2017-07-24 13:55
yes, it looks quite bullish
skat
2017-07-24 15:25
Monero and zcash will be going down as it seems. 3 biggest darknet marketplaces have been busted.
maxsuur
2017-07-24 16:31
@skat any links?
pedrodemendez
2017-07-24 18:51
roman
2017-07-25 03:25
AlphaBay was busted in a such ridiculous way. Supposedly emails that were originating from the system used dude's real hotmail address in the From field hahahaha
maxsuur
2017-07-25 06:02
Ridiculous
promitheus
2017-07-25 09:43
has joined #invest-crypto
skat
2017-07-25 12:12
@maxsuur hansa and alphabay --> http://www.dw.com/en/alphabay-and-hansa-darknet-markets-shut-down-after-international-police-operation/a-39776885
skat
2017-07-25 12:12
trying to remember name of a third one
stolzlos
2017-07-26 11:00
looks like somebody decided to get a cut from all the money flying around
roman
2017-07-26 13:11
As I read it was just a press release and not a law. Besides many ICOs were off shore and will probably continue that to avoid regulatory overreach.
kl5340dc
2017-07-27 11:03
where do you store the seed phrase as a digital nomad?
maxsuur
2017-07-27 12:36
In your brain, for instance. Create an unforgettable little story using mnemonics and embed those words into it
maxsuur
2017-07-27 12:37
You can also store them here: http://protectedtext.com with other words and numbers. Without context... the data is meaningless
stolzlos
2017-07-27 13:47
and another exchange gone
maxsuur
2017-07-27 14:39
The heck!!
alex1
2017-07-28 05:59
has joined #invest-crypto
alex1
2017-07-28 05:59
no tried it yet, but you could just store ur seed on a second wallet
alex1
2017-07-28 06:00
seems like a really safe option to me
alex1
2017-07-28 06:00
at least password encrypted then :slightly_smiling_face:
alex1
2017-07-28 06:00
otherwise just cut it in several pieces and store at several places
alex1
2017-07-28 12:12
best to get 2 hardware wallets Id say
stolzlos
2017-07-28 16:33
this divergence in alts and BTC is really intriguing. Does anybody have related news?
stolzlos
2017-07-29 08:54
on support
stolzlos
2017-07-29 08:56
rest of the alts look weak as well
stolzlos
2017-07-29 09:53
I wonder who will be right. I have a hard time betting against Roger.
danz
2017-07-29 11:02
I think most people are just waiting till early augustus to see what?s happening exactly
bitesak
2017-07-29 13:15
has joined #invest-crypto
bitesak
2017-07-29 13:17
Hi, just joined...
Been into Bitcoins for a few years and invested in quite a few ICOs recently.
globalconsulteurope
2017-07-29 21:50
Anyone involved?
tkrunning
2017-07-30 11:24
Does anyone know a safe wallet to use that will support BCC? I?ve mostly used http://Blockchain.info and Coinbase in the past, and I?m not really interested in storing the bitcoins myself.
tkrunning
2017-07-30 11:25
Coinbase sent out an email saying that they won?t support BCC, and that users won?t be able to access their BCCs either. So looking to move my Coinbase stash somewhere else by tomorrow.
alex1
2017-07-30 12:02
afaik any offline wallet you should get the bcc
alex1
2017-07-30 12:03
as long as u have the seed it should be fine
alex1
2017-07-30 12:04
also byteball airdrop soon so get ur bitcoin off and get some free money :slightly_smiling_face:
tkrunning
2017-07-30 12:33
Yeah, I just looked into it and with http://blockchain.info I can export my private keys. It actually looks like I can do the same with a self-managed Coinbase account
clr
2017-07-30 13:36
Trezor hardware wallet will support BCC.
kl5340dc
2017-07-31 07:28
ledger as well
stolzlos
2017-07-31 13:03
BTCs strength is just amazing. I wonder how much it is pushed up by people who think they make "riskless" 15% tomorrow by buying BTC to get BCC and then selling both for cash.
stolzlos
2017-07-31 13:05
I think a lot of people may get a lesson in liquidity (or lack of) tomorrow
danz
2017-07-31 14:39
A lot of people are buying BTC because of getting BCC
danz
2017-07-31 14:40
I think it will go down hard after 2 days, but let?s see
stolzlos
2017-07-31 15:15
I see it the same way.
stolzlos
2017-07-31 15:19
I am actually hoping that both are dumped hard as people try to get their money back. If orderbooks are empty and people caught off guard we might see a mini crash in BTC. I put in a long shot order around 1700$ just in case.
danz
2017-07-31 15:22
Might be a good time to change it to usdt and then wait it out
stolzlos
2017-07-31 15:24
yes, that is why I am all cash and waiting for an opportunity (which does not come ... )
stolzlos
2017-07-31 15:25
hopefully BCH will bring some change.
stolzlos
2017-08-01 08:53
man, looks like we are getting some vol here
stolzlos
2017-08-01 08:54
some people seem to chicken out
stolzlos
2017-08-01 14:19
big nothing so far....
stolzlos
2017-08-02 14:13
cash up to nearly 900$ from 250$ ... congrats to all who hold it!
roman
2017-08-03 01:36
It might still crash when exchanges allow deposits and withdrawals of bitcoin cash.
danz
2017-08-03 02:26
Waiting for that moment
alex1
2017-08-03 05:00
anyone experience with this broker?
stolzlos
2017-08-04 16:14
@alex1 I never traded with them but I did some emailing with one of the owners one year ago. I will paste some of the relevant correspondence.
stolzlos
2017-08-04 16:15
@stolzlos uploaded a file: https://freedomsurfer.slack.com/files/stolzlos/F6JCR7T6Y/pasted_image_at_2017_08_04_06_15_pm.png
stolzlos
2017-08-04 16:16
@stolzlos uploaded a file: https://freedomsurfer.slack.com/files/stolzlos/F6HM709R6/pasted_image_at_2017_08_04_06_16_pm.png
stolzlos
2017-08-04 16:17
@stolzlos uploaded a file: https://freedomsurfer.slack.com/files/stolzlos/F6K7TEYKY/pasted_image_at_2017_08_04_06_17_pm.png
stolzlos
2017-08-04 16:18
@stolzlos uploaded a file: https://freedomsurfer.slack.com/files/stolzlos/F6HM842JC/pasted_image_at_2017_08_04_06_18_pm.png
stolzlos
2017-08-04 16:19
which means that they are a pure bucket shop and speculate that people constantly blow up using too much leverage.
stolzlos
2017-08-04 16:21
ah, they also did not support dividend payments neither short nor long which makes sense since they only trade price and not the underlying security. (CFDs are different in that respect)
stolzlos
2017-08-04 18:28
so the good things about them is: liquidity, tight spreads and they seem to be honest
stolzlos
2017-08-04 18:29
financing is 5.2% on stocks, commodities and 4% for forex
stolzlos
2017-08-04 18:32
not really cheap
danz
2017-08-05 09:58
And a new all time high.
harvie
2017-08-05 10:29
maddness, I am fomoing at the mouth now, hopefully this trend continues!
danz
2017-08-05 11:17
All because of people unloading bch:)
roman
2017-08-06 18:45
I can see some banks being iffy about 7 million dollars of unknown origin. But I don't believe that not a single bank would accept it. Did he truly try every bank in the world? ;)
roman
2017-08-06 18:46
Maybe try some other banks that aren't USD unless he really needs USD right now. He could buy USDT, transfer to another exchange and try to withdraw there.
roman
2017-08-06 18:47
I just read an article recently how banks in Macao accepted transfers of stolen proceeds from that SWIFT hack. I think it was 65 million. And they were using fake accounts. I'm not suggesting to do that. Just saying that there are varying degrees of banks out there.
maxsuur
2017-08-06 19:43
If I were him, I will spread it over multiple bank accounts/jurisdictions
pedrodemendez
2017-08-09 10:02
mysteir
2017-08-10 07:54
@brian some fintech friendly jurisdictions might accept the transfer no-questions asked.. St-Kitts & Nevis & Singapore come to mind... might be plenty of others.
stolzlos
2017-08-15 09:58
stolzlos
2017-08-15 10:01
no product, 250 mil. Dot com? Anyone?
roman
2017-08-15 11:46
Interestingly the interest is not only from public but from major investors like Sequoia Capital, Andreessen Horowitz and Union Square Ventures. I wonder if they are 'in' on that and will simply dump the ICOs when the prices go up.
bitesak
2017-08-15 12:32
I exchanged with one investor in NYC and raised what I feel were many concerning points. There was alot of hype and marketing and going along with a 'regulated' ICO and few did proper investigation. It was effectively an uncapped ICO with an unknown price. Those who got in at the discounted pre-sale did well though.
aka
2017-08-15 16:00
thats the whole point of icos, you dump them
aka
2017-08-15 16:01
the tokens are quite worthless in the real economy of things..
roman
2017-08-15 17:41
Not all ICOs are worthless, but most probably are. I think there are some interesting projects out there. Just like with stocks. Some stocks are good and have real business behind them, and many penny stocks are crap. Even look at Snapchat. The price of the stock keeps dumping. I?m not an investor at all, and I could tell it would happen. The product is all based on hype. Sure they got eyeballs, but that?s easy to do with a marketing budget these days. The product was easy to copy. They don?t have much of an advantage there and Instagram surely did copy most of it so quickly, they didn?t even have time to send a snap.
roman
2017-08-15 17:42
@roman uploaded a file: https://freedomsurfer.slack.com/files/roman/F6NC09N8H/pasted_image_at_2017_08_15_01_42_pm.png
roman
2017-08-15 17:44
How is it that Snapchat has a market cap of $15B? This is just so unrealistic, it?s insane. It?s an app that is all over the place and has no idea how to monetize. It?s convoluted and used by teens, who have no spending. Sure, maybe they?ll grow up one day and will spend inside the app, but seems like a far bet tbh.
roman
2017-08-15 18:05
Twitter I have no idea tbh. Amazon and Tesla they have real product with real potential.
roman
2017-08-15 18:06
I understand your point though. That investors see potential in all of those products you mentioned, including Snap. I?m just expressing my opinion and observations. I thought Snap had no potential from the very beginning and it was just a weaning hype machine.
roman
2017-08-15 18:07
Which is exactly what happened. Whether or not they?ll be able to recover from that - time will tell.
roman
2017-08-15 18:07
Myspace was doing well at one time too :wink:
roman
2017-08-15 18:10
I think the major difference between Amazon/Tesla and Snap is that Amazon and Tesla are reinvesting everything into an actual product that adds real value and solves real problems. While Snap reinvests all of the money back into the hype machine and adding more filters and ?growth hacking?. Which is not really adding real market value. Just adding fuel to the machine. Eventually that machine will burn out.
roman
2017-08-15 18:10
Amazon is amazingly diverse.
roman
2017-08-15 18:10
Tesla has a physical product that is in demand.
roman
2017-08-15 18:10
They have a vision, future and huge potential to solve world problems and yet deliver a sexy product.
stolzlos
2017-08-17 16:17
There goes BCH. Extremely good setup. Lets see how BTC will react.
arcaballero
2017-08-18 06:16
has joined #invest-crypto
stolzlos
2017-08-18 20:07
boy! what a rocket! Hope those core guys are already sweating blood.
danz
2017-08-19 08:27
Not sure, but I think it should go down after 22 august when Segwit kicks in for BTC? I don?t get it why it went up so much.
danz
2017-08-19 08:28
The markets also shows that the Koreans are buying the most BCH which is strange, why do they like it so much?
harvie
2017-08-19 08:56
Well they do like K-pop :smile:
brutus
2017-08-19 13:39
If anyone interested, Worldcore ICO accouncement: https://worldcore.com/Worldcore.pdf
https://worldcore.com/WRC_Prospectus.pdf
stolzlos
2017-08-19 17:16
@brian I personally agree with Roger Ver's opinion. The core guys see the blocksize limitation as financial opportunity and have an interest in keeping that limitation even though it ruins all the initial benefits of transaction speed and costs (at least for the little guys).
stolzlos
2017-08-19 17:18
I mean, the moment the blocks got full BTCs market cap got ravaged via altcoins exploding into a super bullmarket.
stolzlos
2017-08-19 17:19
I saw some interviews and these guys have the believe that people are willing to use bitcoin even if a transaction would cost them several 10000$.
stolzlos
2017-08-19 17:21
So my personal view is that BCH will outrun BTC.
stolzlos
2017-08-19 17:23
and in regard to the Segwit discussion. It is just a bandaid. Not necessary. Its implementation may boost BTC for a time but the original problem is not solved so it will be shortlived.
stolzlos
2017-08-19 17:41
yes. plain and simple.
danz
2017-08-20 08:08
What you want to know exactly
danz
2017-08-20 08:09
You have to sent your NEO to one of the NEO wallets (https://neo.org/download) or the first exchange that gives GAS (http://Binance.com)
danz
2017-08-20 08:10
Here you can calculate how much you would earn in USD: https://neotogas.com/ and see if it?s worth for you. You need to have a nice amount, else it?s quite pointless tbh.
danz
2017-08-20 08:10
And NEO is a competitor, it offers people the possibility to program in basically all languages instead of just one what Ethereum does.
danz
2017-08-20 08:16
Yes, only if you have it in the right wallet/exchange.
danz
2017-08-20 08:16
You could also just buy GAS seperate as a coin, but I wouldn?t really invest in it
danz
2017-08-20 08:17
If you just keep a few NEO, you basically accumulate nothing almost. Need 1.000+ for it to be something..
danz
2017-08-20 08:19
It could, and that?s what people expect. But let?s see. More good news coming atleast the next coming months from what I know, so I see them easily growing more in the future.
danz
2017-08-20 08:20
One thing NEO does not have, is the names behind it like Ethereum does. But it will gain traction now, so let?s see in another 6 months - 1 year where it is.
2017-08-20 10:25
This message was deleted.
danz
2017-08-20 11:28
It does the same, just less fees then Shapeshift from what I know
clr
2017-08-20 13:43
I think that if BCH outruns BTC then BTC will fork to bigger block sizes to meet market demands.
I agree with your views on bigger block sizes and segwit. But it looks like for now Core is what the market wants. Bitcoin is still the cryptocurrency with the highest market cap.
bitesak
2017-08-21 09:43
I ready many bad stories about them. Be careful.
I have used many many times http://shapeshift.io which has a better model in my opinion. Do a first try with a small amount. Their support is nearly always perfect. From instant to 2 days.
skat
2017-08-21 12:38
@danz oh, cool. I think i?ve seen some of Omise guys in BKK
skat
2017-08-21 12:38
@danz you already bought some?
danz
2017-08-21 13:16
Awesome. Haven?t got OMG, missed that train unfortunately. Didn?t know it was Thai based till this week to. Going to try to buy if it deeps to around 6.
danz
2017-08-21 13:16
dips?
aka
2017-08-21 14:35
I have only seen reddit discussions about this over and over, it is on level of a civil war, but I have no idea how does the real market like south korea/china actually thinks on this? Anyone heard anything from those sides?
aka
2017-08-21 14:41
@danz is this the paid newsletter of palm beach?
aka
2017-08-21 14:46
Which one though he has like 5 of them
maxsuur
2017-08-21 15:12
I'd say yes @aka
aka
2017-08-21 15:12
so if you want to read all the others for free
aka
2017-08-21 15:12
you can just go here
aka
2017-08-21 15:12
search for pdf files, they are neatly organized? by their dates
aka
2017-08-21 15:13
great security for a financial advisor
aka
2017-08-21 15:13
and even greater for a crypto advisor
stolzlos
2017-08-21 16:52
well anything is possible and it is just a personal view. I happen to believe that the core guys actually are not going to change anything for there is too much politics involved and too little understanding of economics.
stolzlos
2017-08-21 16:54
but the point is that even if I am right it is quite meaningless without knowing the timing of it happening.
stolzlos
2017-08-21 16:56
and no, I did not hear anything about it.
skat
2017-08-21 18:49
@aka seems like hole is closed already :wink:
maxsuur
2017-08-21 18:57
how @aka?
aka
2017-08-21 18:57
Yes. Lol I know teeka
aka
2017-08-21 18:58
I messaged him about this
aka
2017-08-21 18:58
Sorry to ruin the fun guys
maxsuur
2017-08-21 18:58
if he gives you a free lifetime membership, let us know too
maxsuur
2017-08-21 18:58
:smile:
aka
2017-08-21 18:58
Then I will share it with you lol
maxsuur
2017-08-21 18:59
Hopefully!
maxsuur
2017-08-21 18:59
I downloaded this file anyway
aka
2017-08-21 18:59
Yeah
aka
2017-08-21 18:59
Anyway there's this prediction thing as well
aka
2017-08-21 18:59
Epsilon.one
aka
2017-08-21 19:00
Anyone knows about it?
maxsuur
2017-08-21 19:00
nein...
aka
2017-08-21 19:01
It's not very informative
aka
2017-08-21 19:01
But people have been getting something out of it
maxsuur
2017-08-21 19:01
dry eyes? :stuck_out_tongue:
skat
2017-08-21 19:03
@aka so, you have copies left ?:-))
aka
2017-08-21 19:03
Well... If anyone can predict anything in this crazy market
aka
2017-08-21 19:03
Copies of those files?
aka
2017-08-21 19:03
Hmm just some links still work
maxsuur
2017-08-21 19:03
which are the dates?
aka
2017-08-21 19:04
this is the inside circle
aka
2017-08-21 19:04
inner circle
aka
2017-08-21 19:04
so actually i think if this shit continues as it is? its not hard to guess the next edition
aka
2017-08-21 19:04
you just have about 30 dates to go through
aka
2017-08-21 19:04
have no idea what this is: https://pbg-assets.s3.amazonaws.com/editorial/ifl/transcripts/20170802-justin-call.pdf
aka
2017-08-21 19:05
and this one still works: https://pbg-assets.s3.amazonaws.com/editorial/pbo/201708/20170817-pbo-monthly.pdf
maxsuur
2017-08-21 19:05
interview transcription
aka
2017-08-21 19:05
these are just this month stuff
aka
2017-08-21 19:05
so anyway
aka
2017-08-21 19:05
Action to Take: We?re raising the buy-up-to price
of bitcoin to $5,000.
aka
2017-08-21 19:06
see you guys at 5k
maxsuur
2017-08-21 19:06
danke
aka
2017-08-21 19:06
Action to Take: Buy ether (ETH) up to $400
aka
2017-08-21 19:06
Action to Take: Buy Ethereum Classic (ETC) up to
$25.
aka
2017-08-21 19:06
this is ballsy, no?
aka
2017-08-21 19:06
like why is ethereum classic still a thing
aka
2017-08-21 19:06
buy iconomi until 1.25 as well
aka
2017-08-21 19:07
wait iconomi is at 3 usd already
skat
2017-08-21 19:07
@aka I heard that etherium classic announced some new features
aka
2017-08-21 19:07
how does this shit work?
aka
2017-08-21 19:07
yeah Mantis..
aka
2017-08-21 19:08
and seriously, what a dissapointment BCH still is
skat
2017-08-21 19:08
@aka classic has been mostly stale lately, even after release of new features. but usually it followed ETC * 10 = ETH. I bought some to test a theory, if it will go up.
aka
2017-08-21 19:08
pump and dump every week
aka
2017-08-21 19:09
anyone uses PRISM?
aka
2017-08-21 19:09
prism.exchange
aka
2017-08-21 19:17
anyway, i dont know about you but im betting on omise go hard
aka
2017-08-21 21:18
Yes. It goes up every week... And down as well as any crypto.. But the guys over at r/Btc strongly advise that this is the true bitcoin
aka
2017-08-21 21:19
And listening to them is dissapointing
danz
2017-08-22 00:43
The suggestions he made in this document are old, atleast some of them. Some of them are from last year, I bought Antshares (now NEO) when he recommended it at .16 ct. Same for Factom, Ethereum and others ones. He now updates monthly for the people who paid for the subscription I guess.
stolzlos
2017-08-22 07:33
Does anybody know a good crypto exchange with fast usd deposit possibility?
aka
2017-08-22 08:00
Local bitcoins
aka
2017-08-22 08:01
As fast as your bank transfer
aka
2017-08-22 08:01
Then it would be coinbase but not Exactly an exchange
pedrodemendez
2017-08-22 08:02
i think you can use creditcard on coinbase? but then you will be in the eyes of irs immediately
aka
2017-08-22 08:13
But what if you never cash out your profits?
aka
2017-08-22 08:14
Does irs care?
pedrodemendez
2017-08-22 08:15
no cap gains problems for me.. just saying.. irs is already involved with coinbase
pedrodemendez
2017-08-22 08:15
i like kraken better... but no experience with swift/usd
aka
2017-08-22 11:41
wasnt the main point of bitcoin to get away from the government?
aka
2017-08-22 16:17
@danz would you reccomend his subscription?
aka
2017-08-22 16:20
like are you a billionare already or not?
danz
2017-08-22 23:56
I never toke it, I subscribed to his e-mails. Where 90/100% is just marketing e-mails to get you subscription. But alot of time I manage to find the stocks with a couple of hours research with just 1-2 hints he gives in the e-mail.
danz
2017-08-22 23:58
I can say it almost gave me my pension, with a low investment into three cryptcocurrencies this year. But I also just listed a few stocks which I haven?t bought just to see if his tips were good, he mentioned Race (Ferrari) in december which grew more than 120% so far. But at the same time, he mentioned a gold stock which went down 30%. So I guess in the end some did good, some didn?t. But for me it?s just definitely worth to say what stocks he recommend once in a while.
aka
2017-08-23 15:37
anyone interested in creating surfercoin?
aka
2017-08-23 15:37
just copy paste one of these
aka
2017-08-23 15:37
say its for digital nomads or something?
aka
2017-08-23 15:37
1. launch an ico
aka
2017-08-23 15:37
2. ???
aka
2017-08-23 15:37
3. profit
pedrodemendez
2017-08-30 09:06
anybody in Cebu now?
pedrodemendez
2017-08-30 09:08
There is a bitcoin meetup in the Park Social tonight, in case you want to join..
ma-x-us
2017-08-30 09:12
has joined #invest-crypto
fish
2017-08-31 09:47
has joined #invest-crypto
ivo
2017-08-31 13:53
has joined #invest-crypto
stolzlos
2017-08-31 18:58
sign of a top? probably not :wink:
pedrodemendez
2017-09-01 06:34
i am trying to verify with http://coins.ph, its real hard, got denied twice already. now in an email exchange with them. they want to know source of funds. i answered the whole thing, still not enough.. and all that to get my limit raised to 1000$
pedrodemendez
2017-09-01 06:34
buy with savings from salary in 2015, not clear enough
danz
2017-09-01 06:34
Wow, no other options there?
pedrodemendez
2017-09-01 06:35
maybe its because i have a PH phone number, and still my dutch address..
pedrodemendez
2017-09-01 06:35
if they reject again, i will retry in january when i have an address here
danz
2017-09-01 06:35
You have a Dutch bank acc?
pedrodemendez
2017-09-01 06:35
and passport :slightly_smiling_face:
danz
2017-09-01 06:35
Same here, but you could use Dutch ones instead to pay out then
pedrodemendez
2017-09-01 06:36
yes.. i would like to use the http://coins.ph app to pay for my local bills, which makes it real easy and saves time
danz
2017-09-01 06:36
Makes sense
pedrodemendez
2017-09-01 06:37
but if this is what regulation is going to bring us...
pedrodemendez
2017-09-01 06:37
i better get an accountant statement ready :slightly_smiling_face:
danz
2017-09-01 06:37
Nothing is easy they say:)
pedrodemendez
2017-09-01 06:40
so I think I will recommend just declare your btc/crypto and pay some tax on it so their is a provable trail
pedrodemendez
2017-09-01 06:41
lucky for us dutch people there is no capital gains tax
danz
2017-09-01 06:44
Well, I don?t live there anymore luckly. But you pay 1,2% tax basically on what you have on your account if it?s more than 25k..
danz
2017-09-01 09:35
Nope, welcome to the Ico bubble
danz
2017-09-01 09:38
Just received the august/september report from Clif High about his crypto predictions. If anyone wants it, sent me a pm.
roman
2017-09-02 10:15
Tax on earnings.
roman
2017-09-02 10:16
Eg in Canada the rule is simple. You get taxed on any income.
2017-09-02 11:09
This message was deleted.
globalconsulteurope
2017-09-05 12:23
Anyone investing in IOTA?
ivo
2017-09-05 15:42
I am
aka
2017-09-05 19:42
why?
aka
2017-09-06 10:43
up to you to declare? if you wait long enough more stuff like tenx and monaco will just allow you to pay in btc, and no need to ever cash out
roman
2017-09-06 17:24
I was thinking that one of those jurisdictions is about due to officially step in and indorse the crypto markers and become the place to ICO :)
globalconsulteurope
2017-09-07 07:51
@ivo , @aka does it worth it? I read some guidance that it is good to go into IOTA, maybe missed the chance two days ago
aka
2017-09-07 07:58
I never felt that strongly about it.. And have not heard so much buzz
aka
2017-09-07 08:41
will it double within this month?
danz
2017-09-07 08:56
The thing I understood is that IOTA is not really like any other crypto, but it has huge potential.
globalconsulteurope
2017-09-07 09:19
My sourse are only FB posts by different users in crypto groups, not something solid. If anyone has read good analysis of IOTA, sharing will be appreciated :slightly_smiling_face:
globalconsulteurope
2017-09-07 09:19
Btw what sources for crypto research you're using?
aka
2017-09-07 09:48
subreddits/newsletters that danz shares/friends in space
danz
2017-09-07 12:29
Reason all Chinese coins went up today: http://boxmining.com/china-ico-ban-temporary-will-introduce-licensing-soon/
danz
2017-09-07 12:31
@globalconsulteurope, Slack, Reddit, FB groups, documents I shared here from famous predicators, Bitcointalk forum and doing my own research a bit in Google for new partnerships, investments, stuff like this.
globalconsulteurope
2017-09-07 12:37
@danz, thank you very much!
By this time I only helped my clients with setup of their bitcoin/crypto companies in Bulgaria, arranging of relevant corporate account, etc. But lately I got curious about crypto world and investments.
I'd be happy to develop personal investing portfolio. For this purpose I need deepar research, so your sharing and posts will be highly useful to me.
danz
2017-09-07 12:39
Another important thing to keep up to date of is the roadmap
danz
2017-09-07 12:39
New updates always offer big price increases, but mostly before. So be on time.
danz
2017-09-07 12:40
Same like stocks ofcourse.
aka
2017-09-07 13:27
also conferences are a good source of price increases
aka
2017-09-07 13:27
everyone who is presenting something gets boosted up? so you can catch a good wave
marc
2017-09-11 10:56
has joined #invest-crypto
aka
2017-09-11 21:36
Hey Marc
aka
2017-09-11 21:36
Any opinions on bytecoin
aka
2017-09-12 08:30
everyone excited for Revolut starting to roll out BTC?
harvie
2017-09-12 09:55
you can fund via BTC? That's quality if so.
globalconsulteurope
2017-09-12 11:26
Only local conversion within Revolut app, no internal or external crypto payments
ken
2017-09-13 10:09
has joined #invest-crypto
aka
2017-09-13 12:16
that might still be pretty good, an easier way for people to get into crypto, without using a massive exchange
aka
2017-09-13 12:16
and since you already verified with them for previous uses.. no hassle like coinbase, etc to upload your passports
aka
2017-09-13 14:16
this price correction still might go on for a while
aka
2017-09-13 14:16
dont keep yourself overly exposed peeps
stolzlos
2017-09-14 13:07
If that china news won't break the market bitcoin will really go to 1 mil
aka
2017-09-15 07:59
well i think it already did a massive damage to the market
maxsuur
2017-09-15 10:39
in your opinion, is it good timing now to invest in Bitcoin?
maxsuur
2017-09-15 10:41
how low do you it'll go?
maxsuur
2017-09-15 10:42
for you, low fees mean..?
maxsuur
2017-09-15 10:47
Alright. I just wonder what information you infer from those low fees BTC is experiencing
maxsuur
2017-09-15 10:50
Interesting. I believe that too
maxsuur
2017-09-15 10:55
I agree with that too. Vitalik Buterin is the new Zuckerberg.
harvie
2017-09-15 10:55
okay, time to start buying.
harvie
2017-09-15 10:56
I'm either going to be really rich in 5 years, or I'll lose all my investments. I can live with that :smile:
harvie
2017-09-15 10:56
I've divided what I want to invest into 6, so I'll buy in 6 drips, to average the lows/highs
maxsuur
2017-09-15 10:56
haha
harvie
2017-09-15 10:56
the money I'm invested I'm happy to lose
harvie
2017-09-15 10:57
not doing one of them %50 of my networth moves, my penis is too small for that
maxsuur
2017-09-15 10:57
@harvie what crypto are you big on?
harvie
2017-09-15 10:57
BTC/ETH. I don't want touch anything else esp the smaller alts.
harvie
2017-09-15 10:57
@brian good points
maxsuur
2017-09-15 10:57
@harvie awesome. betting on the giants
harvie
2017-09-15 11:09
@maxsuur alts annoy me. I mean when Reddit started they had no money and worked 18 hours per day grafting . Facebook the same. Twitter the same I like this, they are motivated. Now you have alts with 100m+ in funding, lavish offices, ping pong tables and work 5 hours days.
harvie
2017-09-15 11:10
When your back is up against the wall, you work your ass off, when it handed to you, meh. I'm sure a lot of projects are good but I'm stubbon and hate this idea of needing millions to start a project. All you need is a laptop and Wifi.
harvie
2017-09-15 11:13
#brologic
danz
2017-09-15 11:13
Two exchanges from China already announced they will close, for further regulations.
stolzlos
2017-09-15 11:58
@brian second that. I know I said this before (and I was way too early) but this has just begun.
stolzlos
2017-09-15 12:32
looks like it. 3000$ is a teflon level. That will take a few times to break.
maxsuur
2017-09-15 15:16
went up again, wildly
harvie
2017-09-15 16:32
$600 jump on what? Looks like a deadcat. I jizzed about 3 times from 3k to 3.7k lol
aka
2017-09-18 13:15
strap in guys, we?re heading to 6k in october
aka
2017-09-18 13:15
altough we still will face quite a lot of resistance over 5k
danz
2017-09-18 13:18
I am not sure about this
aka
2017-09-18 13:18
why not?
danz
2017-09-18 13:19
Because most Chinese exchanges have to stop before 30 september. Two big Chinese exchanges have to stop before 30 october. After that it will probably take China atleast 1-3 months to set up the regulations. And only then the Chinese start trading again mostly.
aka
2017-09-18 13:20
i think it was delayed at least another month
aka
2017-09-18 13:20
oh yea
danz
2017-09-18 13:20
Only for two exchanges
danz
2017-09-18 13:20
But if we get there, means the market is even more strong
danz
2017-09-18 13:20
get there without China?
aka
2017-09-18 13:20
yes
aka
2017-09-18 13:20
i think we can get there with less china
danz
2017-09-18 13:20
I somehow we get another big dip within a month, but hopefully not.
aka
2017-09-18 13:21
definitely a few more fuds to come
aka
2017-09-18 13:21
but after this chinese huge 40% dip
aka
2017-09-18 13:21
i suspect everytime it kinda gets stronger and stronger
aka
2017-09-18 13:22
and stabler in a sense that another dip wont be so big
aka
2017-09-18 13:22
this guy has still been pretty spot on on a few things
mikeseo
2017-09-19 02:13
has joined #invest-crypto
aka
2017-09-19 14:34
hey @mikeseo welcome to the bubble club
mikeseo
2017-09-19 15:03
hi aka
aka
2017-09-19 15:44
recovered from the crash?
aka
2017-09-19 15:44
feeling optimistic about 6k?
aka
2017-09-19 23:00
thats a fib spiral
c-bass
2017-09-21 08:01
has joined #invest-crypto
aka
2017-09-21 14:35
look at that vertcoin
aka
2017-09-22 11:14
i think we need to start briancoin
aka
2017-09-22 11:19
or braincoin, blockchain solution for people who have a brain, or want to?
aka
2017-09-22 11:22
Yes, i do believe that needs a decentralised solution?
aka
2017-09-22 11:25
recharge your SlackCoins as well otherwise you will have to use centralised messaging systems
aka
2017-09-22 11:25
btw, revolut has already exchange rates for Ether/Litecoin and Bitcoin in its app
aka
2017-09-22 11:26
i guess it will still be september when they allow us to exchange it
aka
2017-09-22 11:26
for personal use though
aka
2017-09-22 11:27
did revolut charge you?
aka
2017-09-22 11:27
tweet them up, they?ll send you some money back
aka
2017-09-22 11:28
oh
aka
2017-09-22 11:29
we really need a blockchain solution to see what happens in that currency cloud
skat
2017-09-22 14:06
shitcoin ? we are so full of shit, we can sell it as a fertilizer. invest into our ICO!
aka
2017-09-22 14:57
anyone got that famous palm beach confidential?
aka
2017-09-22 14:57
i see they are pumping gas right now
skat
2017-09-22 17:39
if your trading crypto in estonia ? be warned.
aka
2017-09-26 09:09
you can sell bitcoin in zimbabwe for 5500, but at 6500
aka
2017-09-26 09:09
who wants to double their fiat money?
harvie
2017-09-26 11:36
Bitcoin needs to break upward of $4050 to give a good indicator of a bull market, it could also double top right now. We will all find out shortly which way we will go.
roman
2017-09-26 23:15
Except the daily trading volume in Zimbabwe is 2 BTC )
roman
2017-09-26 23:15
Not much room for real arbitrage.
aka
2017-09-27 09:35
how about those gains on walton chain
aka
2017-09-27 09:35
and nav
mrblonde
2017-09-28 15:06
has anybody here invested in neo and gas? just recently jumped on the train
aka
2017-09-28 15:19
sorry, only walton here
aka
2017-09-28 15:20
200% over the last 3 days seems like enough of gains
ken
2017-09-28 16:18
I was thinking in jumping in Neo, definitely room to grow
ken
2017-09-28 16:18
I'm the most bullish in OMG though
ken
2017-09-28 16:18
Also going to do my first ICO in couple of days, will see how that goes :slightly_smiling_face:
danz
2017-09-29 00:07
@mrblonde, since it was .16 ct
danz
2017-09-29 00:10
I invested in one ICO, and it showed once again that it?s just better to wait a few days after and then buy it. A lot of them go down 20-40% in a couple of days as so many people sell it straight away as it hits the market.
mrblonde
2017-09-29 03:42
@danz got in at .16 huh, very good! :ok_hand::skin-tone-2:Yeah have no regrets getting in and I think I will hold mine. @ken yeah was looking at OMG and will keep an eye on it
@aka don?t really know too much about Walton tbh much potential?
aka
2017-09-29 08:20
Rfid plus blockchain
aka
2017-09-29 08:20
Company won some prizes in the space
aka
2017-09-29 12:39
it?s an interesting way of connecting physical stuff to blockchain
aka
2017-09-29 12:39
having rfid chips with them? and selling guns for example
aka
2017-09-29 12:39
or just access cards to a building
danz
2017-10-02 06:00
@aka, Walton keeps rising:)
aka
2017-10-02 07:58
well
aka
2017-10-02 07:58
its a strange thing
aka
2017-10-02 07:58
but if it goes to 20 this year? im retiring
aka
2017-10-02 07:58
and there is such a strong chance it might, since its still not on any major exchanges
aka
2017-10-02 07:59
so here is my shilling advice? blame me if you want later? buy some walton
aka
2017-10-02 08:01
it will surpass golem, augur and bitshares in a matter of hours by market cap
danz
2017-10-02 08:20
I rather wait for a small dip, don?t like to buy after a 500% increase. But I see it going further later.
danz
2017-10-02 08:20
Most coins don?t move much after such a big increase
ahawkins
2017-10-02 08:25
where can you but walton?
aka
2017-10-02 08:25
only on binance or ether delrta
aka
2017-10-02 08:25
delta
aka
2017-10-02 08:26
ether delta is a great experience for someone who wants to have a bad time
danz
2017-10-02 08:49
Anyone experience with Bitstamp?
mrblonde
2017-10-02 13:43
@aka did you ever find out why it bounced up that much originally? was it a bit of news?
aka
2017-10-02 13:43
what do you mean?
aka
2017-10-02 13:43
everyone is looking for that next bitcoin in the middle of a lot of shitcoins
aka
2017-10-02 13:43
people get surprised by 100% gains in one day
aka
2017-10-02 13:43
and try to grab every opportunity
mrblonde
2017-10-02 13:45
was just wondering if there was a catalyst of some kind
mrblonde
2017-10-02 13:45
that u were aware of
aka
2017-10-02 13:49
no
aka
2017-10-02 13:49
just happy accident
aka
2017-10-03 13:33
also vechain is something that seems like a nice scam behind it
aka
2017-10-03 14:16
im milking some of them from pumps and dumps
aka
2017-10-03 14:16
currently except the pure ones
aka
2017-10-03 14:16
i like omise go
aka
2017-10-03 14:16
and xem/nem
aka
2017-10-03 14:16
they have future i believe
aka
2017-10-03 14:17
im not sure i can apply core investing principles here to anything
aka
2017-10-03 14:17
sometimes just getting 10% gains from a shitcoin is enough
aka
2017-10-03 14:17
to keep the game rolling
aka
2017-10-03 16:54
whoever needs some erc20 token creation let me know
aka
2017-10-03 16:54
im getting ahead in the solidity game
aka
2017-10-03 16:54
gonna launch some charity related crowdsales
danz
2017-10-03 23:57
@danz uploaded a file: https://freedomsurfer.slack.com/files/U3R4G0KPF/F7DRAT25C/alta_2017_octcrypto__1_.pdf
danz
2017-10-03 23:58
Cliff?s new report, haven?t read it yet
aka
2017-10-04 08:20
``` While some numbers are appearing, they are temporally beyond our view of Bitcoin in the early months of 2018 and are larger than $13800, which was the last set showing numeric values that did manifest as per the forecast. ```
danz
2017-10-08 11:02
I think we will reach a new ath marketcap as soon as China will officialy license a few exchanges to be active again. Shouldn?t take that long.
aka
2017-10-08 16:17
:smiley:
aka
2017-10-08 16:17
all in on that
stolzlos
2017-10-09 19:52
the divergence between bitcoin and alts is incredible
stolzlos
2017-10-09 19:55
i totally forgot that. good explanation.
stolzlos
2017-10-09 19:56
yeah, below 300$. pretty neat.
stolzlos
2017-10-09 20:00
come back? you mean bitcoin cash?
stolzlos
2017-10-09 20:02
hmmmmmm. Well, my personal guess was and is that cash will overtake bitcoin one day. I hold fast to that even though it looks like its going dodo right now.
stolzlos
2017-10-09 20:03
the whole crypto space needs a really big washout and after that happened we will see what is left standing
stolzlos
2017-10-09 20:03
if it is still there by then I suspect it will be a great opportunity
danz
2017-10-10 00:05
It?s because bitcoin gold yes, people want ?free btg?, but I think this will get even dumped much harder than BCH which will lead to an big increase of alts after.
aka
2017-10-10 11:01
when is btg coming?
aka
2017-10-10 11:01
what block number?
danz
2017-10-10 11:42
25 october yes
fish
2017-10-10 13:38
When is the fork snapshot will be/was taken?
fish
2017-10-10 13:38
I have my coin on a market and I hope its not a big mistake
aka
2017-10-10 14:10
i think it was already taken
aka
2017-10-10 14:10
thats my problem
aka
2017-10-10 14:11
block number 494558
aka
2017-10-10 14:11
no
aka
2017-10-10 14:11
478558
aka
2017-10-10 14:12
so that has been at least a few days ago
aka
2017-10-10 14:13
and im conflicted this btc rush will help anyone dumping the next big shitcoin
bitesak
2017-10-10 14:49
Gpt to be careful when redeeming these new btc coins as you are basically revealing your btc private keys
aka
2017-10-10 14:56
just wait until trezor releases a proper tool or something
maxsuur
2017-10-11 09:15
Fantastic article for my bitcoin fellas, "the blockchain man"
aka
2017-10-11 12:10
danz
2017-10-12 09:01
new ath
yura-by
2017-10-12 09:02
more than 5000 usd :confetti_ball:
yura-by
2017-10-12 09:29
pretty sure he is missing out and trying to crash price to get some btc cheaper
aka
2017-10-12 10:37
for those willing to play arbitrage game
aka
2017-10-12 10:52
looks like this for me
aka
2017-10-12 10:53
brutus
2017-10-12 11:38
@aka which web browser are you using?
brutus
2017-10-12 12:01
@brian Sorry, I did not try the link before asking aka...
brutus
2017-10-12 12:02
Works fine for me on IE, Edge, Chrome & Firefox
harvie
2017-10-13 03:27
BTC up, all alts down - quite odd.
danz
2017-10-13 03:41
Quite expected, a lot want free btcg?
danz
2017-10-13 03:41
I think a lot of people will change back a bit before 25 october
danz
2017-10-13 07:49
Not all wait for the btcg, a lot take the hype train as btc would rise and sell them before the fork to be sure they are in time to profit from the rise of the alts after the fork.
bitesak
2017-10-13 09:28
These forks are trojan horses. Apparent gifts requiring you to reveal your btc private keys. One needs to move their bitcoins to a new address before redeeming the new coins
usman
2017-10-16 03:51
has joined #invest-crypto
roman
2017-10-18 14:13
https://blog.chain.com/a-letter-to-jamie-dimon-de89d417cb80
Really good read and very non technical.
aka
2017-10-18 14:13
hey roman, you got some of that palm beach yet?
bitesak
2017-10-18 21:11
I saying moving your bch coins reveals your keys
roman
2017-10-19 03:33
@aka what palm beach? :grinning:
roman
2017-10-19 03:33
I?m missing something...
bitesak
2017-10-19 08:36
I am just saying to move your bitcoins first indeed. However simple it is, a large majority of people are not going to do that.
Thusly, as presented I consider bch a hazard and misleading
aka
2017-10-19 17:10
a lot of misdirection towards palm beach and zencash
mescos
2017-10-20 19:08
has joined #invest-crypto
stolzlos
2017-10-21 15:33
Cryptos finally running out of steam?
stolzlos
2017-10-21 15:34
or do we get another magic ramp to new highs?
aka
2017-10-22 11:08
always bet on magic ramps
skat
2017-10-22 18:41
Was talking today with couple of crypto-anarchists about crypto problems. I was claiming that a lot of crypto potential will never be discovered if crypto networks will not improve transaction performance, referred to Vitalik talk - that he was claiming that it would take them at least 5 years to get to visa scale.
Answer was, that ?Etherium is ancient technology, other crypto networks already solved this problem?.
skat
2017-10-22 18:42
I laughed a bit :wink:
yura-by
2017-10-23 05:31
@skat Did they named which crypto networks already solved this problem? :slightly_smiling_face:
yura-by
2017-10-23 05:32
My guess they are some Ripple/Stellar fans
yura-by
2017-10-23 05:33
or Byteball/IOTA
aka
2017-10-26 17:29
do you remember, when bitcoin was just 4k
fish
2017-11-02 00:22
Bitcoin up - Altcoins down. Geez.
2017-11-02 00:25
@fish commented on @stolzlos?s file https://freedomsurfer.slack.com/files/U5W3QJU4W/F7MAXT5KK/pasted_image_at_2017_10_21_05_32_pm.png: What does it mean?
2017-11-02 04:02
@pedrodemendez commented on @stolzlos?s file https://freedomsurfer.slack.com/files/U5W3QJU4W/F7MAXT5KK/pasted_image_at_2017_10_21_05_32_pm.png: he probably thinks Dash/USD is breaking down
pedrodemendez
2017-11-02 04:46
i know the previous largest holder of Dash, he already sold.. he has 1000 left now... so his selling pressure is already gone.. he used to have 650k dash
pedrodemendez
2017-11-02 04:46
with dash also keep an eye on the number of masternodes, keep track if it is dropping or rising.. dropping means selling probably
stolzlos
2017-11-02 05:25
@fish yes. I think the market is getting tired. But I still have not seen that decisive break that confirms my opinion.
stolzlos
2017-11-02 05:27
I may again be proven wrong.
fish
2017-11-02 12:04
Interesting pattern nonetheless
stolzlos
2017-11-02 17:25
If we break upwards, 1000$. Downwards, I assume around 60$.
stolzlos
2017-11-02 17:27
a really bullish setup. Would love to buy at 60 but will buy at 380ish if I have to.
pedrodemendez
2017-11-02 17:30
i bought at 0.25
stolzlos
2017-11-02 17:31
@pedrodemendez well done
stolzlos
2017-11-02 17:31
wish I had that much foresight
fish
2017-11-02 19:54
How do you call this chart trick?
brutus
2017-11-03 12:22
What do you guys think of this? I don't know anything of crypto
aka
2017-11-03 13:39
if you dont know anything in crypto
aka
2017-11-03 13:39
dont start with any altcoins
aka
2017-11-03 13:39
just go buy your first bitcoin and learn everything from http://lopp.net/bitcoin.html
pedrodemendez
2017-11-04 01:39
@stolzlos that was more luck than wisdom, the exchange got hacked and i couldn't get my btc out anymore, only buy altcoins and withdraw those.. how i ended up with darkcoin/dash..
stolzlos
2017-11-04 05:43
@pedrodemendez I see. Well, it is good to be lucky!
stolzlos
2017-11-04 05:45
and besides, the fact that I made money in the crypto space is also not because of skill. Maybe 10% skill (if at all), 90% luck.
vbraut
2017-11-04 10:20
has joined #invest-crypto
aka
2017-11-06 12:15
99% luck
stolzlos
2017-11-06 17:44
@aka come on! don't be so cruel! the truth hurts ...
aka
2017-11-06 17:52
:+1:
aka
2017-11-06 17:52
Yesterday I discovered that I mined bitcoin in 2012
aka
2017-11-06 17:52
And it was still waiting for me on slush pool
aka
2017-11-06 17:53
Wish I could be smarter to continue
aka
2017-11-06 17:53
But it's not everyday you find 0.4 btc
stolzlos
2017-11-06 17:56
haha. I would love myself some 0.4 right now
aka
2017-11-06 18:07
Yeah shit is expensive
aka
2017-11-06 18:07
Can we get a China ban plz
stolzlos
2017-11-06 18:16
I would vote for that. Where is my damned crypto bloodbath!
aka
2017-11-06 22:59
:dark_sunglasses:
yura-by
2017-11-08 19:20
oO probably least expected outcome
danz
2017-11-09 01:02
Good for the alts so far
danz
2017-11-09 01:02
But I expected btc to rise quickly to 8.000+ soon
fish
2017-11-12 05:29
I'll pour more FUD onto the fire. If it is real, this is an anonymous leak from the coin giants back from July predicting what is going on now, the dump of BTC in favor for BCC. The scary part is that he predicted the cancellation of S2X.
https://pastebin.com/n0aGBMQr
danz
2017-11-13 00:39
Pretty crazy weekend with bch
fish
2017-11-13 07:53
I'm killin' it so good
princevaliant
2017-11-15 11:59
2,000 $ more to invest in cryptos what do you advise to buy these days? BTC, BCC, ETH, something else? I am already into BTC/BCC and ETH
danz
2017-11-15 17:04
I would go for coins between top 20-100 for bigger profits if you have those already you mention
johncitizen
2017-11-16 10:13
has joined #invest-crypto
ggiampieri
2017-11-16 16:56
has joined #invest-crypto
stolzlos
2017-11-20 01:25
ETH, XRP are setting up for an upside breakout. Time to throw in the bear towel.
aka
2017-11-20 13:45
anyone inside the PBC?
stolzlos
2017-11-21 10:03
BTSC stock broke out yesterday. Back in crypto via otc.
stolzlos
2017-11-21 10:08
ETH looks incredibly bullish.
skat
2017-11-21 12:25
yeah, I?m trying to figure then it will loose steam :slightly_smiling_face:
skat
2017-11-21 12:26
Still didn?t sold anything
fish
2017-11-21 20:25
Speaking of holding, any new asymmetrical investment opportunities since NEO?
fish
2017-11-21 20:25
There was this analysis newsletter to go around
pedrodemendez
2017-11-22 10:37
any good locations of where they don't get scared of setting up a blockchain service company?
roman
2017-11-22 13:31
I think Singapore is one of the friendly places for Blockchain.
roman
2017-11-22 13:31
Just see where all ICOs go :)
harvie
2017-11-23 03:11
I'd have thought someone like Belize, blockchain and setting up a bank account usually don't end well in most counrtires
brab
2017-11-23 08:50
which banks are btc friendly in the sense that if u try and cashout six figures+ from exchanges they wont give u bs. I'm not talking about very frequent transfers either.... just cashout from investment
stolzlos
2017-11-23 09:20
ETH breaking out
stolzlos
2017-11-23 10:40
400 cracked. That thing is going to rip on new highs.
danz
2017-11-23 10:45
Wonder when the next crash is going to happen
stolzlos
2017-11-23 10:51
Me too. But the market screams that it wants to go higher. I cannot fight it. But as soon as it gets wobbly i am out immediately.
danz
2017-11-23 10:55
Yeah, to many bullish factors going on at this moment that I would say we might see a correction only later in december. But who knows..
stolzlos
2017-11-23 10:59
Yeah. Nobody knows. But personally i think that there wont be a correction this year anymore. Not after nearly 6 months consolidation.
stolzlos
2017-11-23 10:59
That is a strong base
danz
2017-11-23 11:03
Could be, I think if the bitcoin futures would start early december it would gain a lot more attention, which could drive the price of BTC 10k+ quite quick.
stolzlos
2017-11-23 11:27
Certainly
stolzlos
2017-11-23 14:55
New highs. Glad I found my balls in time.
skat
2017-11-23 15:02
Yeah, i?m not expecting correction this year also for ETH.
harvie
2017-11-24 03:28
I got back into ETH/BCH and BTC just under a week ago, the market is just screaming to go higher. Looking to get some DASH and xmr on a retrace too
stolzlos
2017-11-24 05:09
a good setup.
stolzlos
2017-11-24 14:17
if that breaks ....
harvie
2017-11-29 08:04
Wow what a morning!
danz
2017-11-29 09:18
Crazy month
arcaballero
2017-11-29 13:23
Past week has been pretty life changing
johncitizen
2017-11-29 23:30
Agreed
johncitizen
2017-11-29 23:30
Quietly pulled out 50% of my holdings to change my life a little.
aka
2017-11-30 14:27
:slightly_smiling_face:
aka
2017-11-30 14:27
cheap btc, who wants some cheap btc with a good 20% off discount
harvie
2017-12-02 03:55
gotta love cyrpto
stolzlos
2017-12-02 07:14
stolzlos
2017-12-03 10:55
with the crypto train rumbling on I keep on thinking what will happen when this thing actually does reverse, for it will, eventually
stolzlos
2017-12-03 10:58
i mean, now that this thing made it even into local newspapers, the masses are getting in left and right having of course no expectation of a turn in the market. These guys will lose a lot if not everything and more using leverage.
stolzlos
2017-12-03 11:00
People will be out for blood and politicians, in order to shine, will have a good reason for cracking down on the whole thing in the interest of the public.
stolzlos
2017-12-03 11:02
The stronger/higher the rally, the worse the political backlash. I wonder how many people consider this. Anybody seeing a storm on the horizon? Or am I just paranoid?
danz
2017-12-03 15:24
I don?t see it coming any time soon
danz
2017-12-03 15:24
But maybe I am to optimistic
stolzlos
2017-12-03 17:01
@danz I sincerely hope you are right
stolzlos
2017-12-03 17:02
just for perspective
stolzlos
2017-12-03 17:03
we have yet to see a weekly close with a gain around or above 65%. The highest so far was "only" 43%
stolzlos
2017-12-03 17:03
both times before lead to a top with a correction of ~80%
roman
2017-12-03 18:48
Why do you pick ?week? as a timeframe by which to judge?
aka
2017-12-03 18:54
because if you look at a monthly chart itwill be always green
stolzlos
2017-12-03 19:50
@aka lol! But you are actually right.
stolzlos
2017-12-03 19:53
matter of resolution. the important swings would be swallowed monthly and daily would create too much noise so that you can barely identify anything that happens in the bigger picture.
aka
2017-12-04 16:57
the scary part, is like out of 1 year, we had what... 10 red weeks/
stolzlos
2017-12-07 15:15
I assume we just went vertical. Good time to doublecheck your setbelt.
stolzlos
2017-12-07 15:20
we cross previous record volatility if we manage 19000+ until end of sunday.
harvie
2017-12-07 15:22
lol
harvie
2017-12-07 15:22
FAO of everyone who has bitcoin right now: https://www.youtube.com/watch?v=xR4Ej7bny8k
stolzlos
2017-12-08 13:18
Bitfinex has highest trading volume on record for BTCUSD. Nearly 5 bil USD. And the day is only halfway through.
stolzlos
2017-12-12 19:00
Ripple finally broke out. On the other hand, what isn't?
aka
2017-12-13 10:26
only breaking out in usd value is not really a great indicator
aka
2017-12-13 10:26
ripple has been dead since july..
aka
2017-12-13 10:26
as pretty much with every other coin..
aka
2017-12-13 10:26
no more longs holds for me...
aka
2017-12-13 14:38
at least those memes from /r/bitcoin are helping me to keep it up
aka
2017-12-13 14:38
:slightly_smiling_face:
stolzlos
2017-12-13 20:07
@aka so what base currency do you think is a good indicator? BTC? If so, I was in that camp for many years myself. But BTC as denominator added to the volatility of the alts and to this day I am not able to make sense of these charts. USD denomiated charts solved that problem for it is a much more stable yardstick than BTC. I am open to suggestions if you have alternatives.
aka
2017-12-13 20:08
Btc is the only one in crypto market
aka
2017-12-13 20:08
At the end of the day
aka
2017-12-13 20:09
I want to have more Btc and less usd
stolzlos
2017-12-13 20:09
amen to that
ken
2017-12-15 02:18
@aka I wish I had Ripple today haha, doesn't seem to dead to me
aka
2017-12-15 11:01
:slightly_smiling_face:
aka
2017-12-15 11:01
you need to know when to have ripple, when to drop it almost on a daily basis
aka
2017-12-15 11:02
i run a small signals club if you want to join us let me know
arcaballero
2017-12-18 07:59
@aka I have some ripple, so I?m interested in joining the signals club. Hit me up. :smile:
stolzlos
2017-12-18 19:31
blockchain companies are just ripping.... man, I really fucked that one up. UBI up 1600% in two weeks. Damn ...
aka
2017-12-18 21:47
Look up overstock
stolzlos
2017-12-18 21:50
thanks man! boy that one is flying!
stolzlos
2017-12-18 21:50
and what a great chart
aka
2017-12-18 21:57
:dark_sunglasses:
stolzlos
2017-12-18 22:00
normally I don't look at Nasdaq stocks because the charts are generally messy. And if you find one then it is too liquid to have any real push. But your example just showed me that there are indeed good ones.
stolzlos
2017-12-18 22:02
flawless 4 year+ trendline and clean break with superb rally!
harvie
2017-12-19 02:09
how much higher are alts gonna go? :open_mouth:
danz
2017-12-19 02:09
Crazy times:)
danz
2017-12-19 02:10
Must be a swift coming to BTC soon. Marketshare of BTC only 51% atm
josh
2017-12-19 13:56
has joined #invest-crypto
fish
2017-12-20 12:29
Suggestion: Rename channel to Crypto-trading
fish
2017-12-20 12:29
Question: Best exchange to withdraw USD or EUR from?
danz
2017-12-20 13:39
I use Kraken, you pay a fee of 60 euro, no matter how much. Just not good for small amounts.
fish
2017-12-20 14:31
@danz I see. Would be good for large amounts but not for small, daily withdraws.
clr
2017-12-20 16:31
Kraken charges way less for SEPA withdrawals (I believe they charge 0.09 EUR), AFAIK. For Swift transfers, yes, I think it?s around 60 EUR or USD, I don?t remember.
danz
2017-12-20 16:37
Yeah I meant swift, my fault.
fish
2017-12-21 09:59
0.09 is nice :smile:
fish
2017-12-21 09:59
Any known issues with crypto exchanges and banks, N26 in particular?
pedrodemendez
2017-12-21 16:27
no, no problems with n26
stolzlos
2017-12-21 18:58
Ripple holding up impressively on this carnage day.
danz
2017-12-21 18:59
Well, just because there?s a lot of news for Ripple
danz
2017-12-21 18:59
I wonder when the real correction is coming
stolzlos
2017-12-21 19:00
for cryptos? or just ripple?
danz
2017-12-21 19:02
Cryptos
stolzlos
2017-12-21 19:03
btc correction looks very orderly to me. good movement, not too much volume.
stolzlos
2017-12-21 19:04
as much as I wish for a major crash, nothing unusual yet
danz
2017-12-21 19:13
Yeah, I think it will continue for a bit more as so many new people get in
stolzlos
2017-12-22 07:34
Did anybody just see what happened on bitfinex? That was scary!
stolzlos
2017-12-22 07:42
Traders on margin are now in the morgue. All of them.
danz
2017-12-22 13:53
Finally
stolzlos
2017-12-22 14:19
could have sworn that this is already over. Strong support at 11K$.
skat
2017-12-22 18:06
yeah, seems like downfall has reached it?s bottom..
stolzlos
2017-12-22 19:35
@skat I agree. Should go back up to 16K, or so I hope. Need to get rid of some baggage :expressionless:
stolzlos
2017-12-23 11:56
for all the ppl who got hit (like me) there are worse days
stolzlos
2017-12-23 11:57
this happened on the 14th Jan 2015 when the swiss national bank broke the fix to the Euro
stolzlos
2017-12-27 13:35
Charts look ugly. Absent a miracle the next leg down is pretty close.
stolzlos
2017-12-28 19:41
something strange is going on in the crypto world when peer to peer coins get smashed while the centrally controlled are (don't know if there are more) rising.
stolzlos
2017-12-29 08:37
Insanity. Ripple will be no. 2 by next week.
stolzlos
2017-12-29 08:38
And I can't shake the feeling that btc won't stand much chance either.
stolzlos
2017-12-29 11:02
Number 2!
stolzlos
2017-12-29 11:03
Damn
arcaballero
2017-12-29 14:58
I?ve already moved most of my btc to ripple. :slightly_smiling_face:
stolzlos
2017-12-29 15:10
@arcaballero gonna be a wild ride. be prepared.
harvie
2017-12-30 03:46
why are people foming ripple?
stolzlos
2017-12-30 09:08
notice something?
stolzlos
2017-12-30 09:11
basically all coins outperforming do not rely on mining. I can only explain this the following way: No mining, less cost, more profit, better.
stolzlos
2017-12-30 09:12
We might witness the beginning of the end of the mining concept/coins. I am genuinely shocked.
stolzlos
2017-12-30 09:14
I would venture that it is now just a matter of time (days, weeks at most) until Ripple overtakes BTC.
stolzlos
2017-12-30 09:17
Cardano is traded since 3 months and already on 5th place.
danz
2017-12-30 14:17
I think a lot of Ripple will flow into the other soins pretty soon
stolzlos
2017-12-30 14:50
if people catch on, yes. But I think the public need a long time before they realize what is going on. So I assume that the flow into Ripple and the other no-mining-coins will rather increase than decrease.
stolzlos
2017-12-30 14:50
But I may be totally wrong and this is just a temporary anomaly. I prepare myself mentally for that.
mattbellme
2018-01-02 17:51
does anybody here use bitstamp? wondering what banks in europe are friendly for withdrawals from bitstamp
stolzlos
2018-01-04 06:51
Non-mining coins continue to outperform across the board.
stolzlos
2018-01-04 06:55
Dash dropped out of the top 10
stolzlos
2018-01-05 08:38
Coins are breaking out of bases left and right
stolzlos
2018-01-05 08:38
This market just does not die
stolzlos
2018-01-05 08:40
With the leaders faltering one after another we should be close to a top. Final rally?
jor.acker
2018-01-05 16:36
has joined #invest-crypto
stolzlos
2018-01-06 11:03
bullish setups. no matter where you look. just incredible.
stolzlos
2018-01-06 11:12
several breakouts already. LTC, XMR, DASH
stolzlos
2018-01-06 11:12
funny how the mining coins have a comeback. BCH to follow soon. Already have my finger on the trigger.
ken
2018-01-07 02:49
Anyone from Europe, and withdraw bitcoin back to fiat, and has taxed it? I have no idea how taxes work here. Do you tax it, how do you declare it, etc...
ken
2018-01-07 02:51
Are there countries that don't tax cryptocurrencies. I can live anywhere right now (nomad) and have another business that's registered
ggiampieri
2018-01-07 04:57
It is capital gain tax, same as any gain from traditional financial products. Just ask any accountant. Some countries don't tax.. Malta, Croatia, Bulgaria..
mattbellme
2018-01-07 09:21
Bulgaria is 10%
mattbellme
2018-01-07 09:21
but if you spend your bitcoin no capital gain
mattbellme
2018-01-07 09:21
hey do you guys buy stocks? I'm wondering where you actually buy them for non us citizens?
stolzlos
2018-01-07 10:08
@mattbellme which stocks? what markets?
mattbellme
2018-01-07 11:11
mainly american i guess, I had stock account in australia but I hated it, high fees, slow, is there like a millenial stock site? Ive heard of robin hood but that's only for us citizens i think
stolzlos
2018-01-07 12:39
if you want to trade US stocks then a US broker would be best, costwise
stolzlos
2018-01-07 12:40
I personally use Etrade and Ameritrade. I like Etrade the most. I created another account with Just2Trade and confirmed that I could also open with Fidelity and IB.
stolzlos
2018-01-07 12:42
If you want to trade also non US stocks then IB is best. You will have access all over the globe. Commission is ok. I will open an account this year when I find the time.
mattbellme
2018-01-07 12:45
cool thanks
stolzlos
2018-01-07 12:45
and the best aspect about a US brokerage is of course the access to OTC stocks. Whether it be resource, marijuana or blockchain stocks, you find a lot there.
stolzlos
2018-01-07 12:46
trading wise the US is without equal, by far
mattbellme
2018-01-07 12:59
Im more just interested in buying for more long term, like months to years
mattbellme
2018-01-07 12:59
etrade is more for short term trading right?
stolzlos
2018-01-07 13:04
they don't charge for holding stock. you can hold forever if you wish.
stolzlos
2018-01-07 13:07
but for long term Ameritrade may be better because their financials look better than Etrade. Ameritrade escaped 2008 almost unharmed. Etrade got hit quite badly.
mattbellme
2018-01-07 13:28
ok
pedrodemendez
2018-01-08 02:07
re: bitcoin to fiat. How you are taxed depends on your tax residency. Not all countries are the same. Some countries have rules already, others have not..
pedrodemendez
2018-01-08 02:07
In Germany, if you hold longer than one year, you can sell taxfree, capital gains only if you sell within one year..
pedrodemendez
2018-01-08 02:08
In Holland, you declare your networth (incl bitcoin) on 1-1 of the year, then pay around 1.2-1.65% tax on it..
skat
2018-01-08 16:59
I?m a fan of telegram, but not quite sure what to make out of this news yeat..
aka
2018-01-09 10:47
telegram is a bubble
aka
2018-01-09 11:01
:slightly_smiling_face:
skat
2018-01-11 10:24
white paper does look interesting
skat
2018-01-11 10:24
i may consider this first ICO that i might jump on.
aka
2018-01-12 13:53
if you even manage to get in
aka
2018-01-12 13:53
when is KFC doing it's ico?
danz
2018-01-12 18:47
Probably soon lol, KFC blockchain chicken
skat
2018-01-15 09:18
@aka your right, no public ways to get into that Telegram ICO. Even that white paper was not meant for public, it was leaked. I?ll check with Russian investors if they can share something with me. Durov probably contacted his old friends about this.
aka
2018-01-15 09:19
well...
aka
2018-01-15 09:19
ico of such a big proportion
aka
2018-01-15 09:19
in such an interesting country
skat
2018-01-15 09:20
He?s nowadays in Dubai, they have a lot of money floating around there. I actually don?t think he would go to russia for funding, after he got kicked out of http://vk.com by investors.
skat
2018-01-15 09:20
But it will not hurt to ask around
skat
2018-01-15 09:22
As i understood, his first round is private? but then he will be gathering more fund publically?
aka
2018-01-15 17:24
yeah
aka
2018-01-15 17:24
usually pre sales and stuff like that
aka
2018-01-15 17:26
i like how this cryptonomy works
aka
2018-01-15 17:26
hey i am doing an ico
aka
2018-01-15 17:26
so i deserve half a million at least
aka
2018-01-15 17:26
i will issue some tokens later
aka
2018-01-15 17:26
just send me some money first
aka
2018-01-15 17:27
in an untrackable way
stolzlos
2018-01-15 19:24
this market feels very, very heavy. It is scary that even though the Korean exchange story turned out to be a non event the market is not ramping back.
johncitizen
2018-01-15 20:27
We should do a FreedomICO
skat
2018-01-16 09:59
Now Chinese news about regulating exchanges is driving down prices again.
skat
2018-01-16 10:37
So got more into on telegram ICO --> now they are dealing only with big investors. If you don?t have spare million in your pocket, then they are not interested. But they will announce a public sale after this (and closed pre-sale is almost sold out already).
stolzlos
2018-01-16 17:57
smells like the top is finally in
harvie
2018-01-17 14:48
top or bottom? If it goes any lower I'll be giving bitcoins away as birthday presents.
stolzlos
2018-01-18 04:54
shallow rally. not many buyers.
harvie
2018-01-19 07:27
Here's my bro theory, market will reest the low $7k, maybe it hit will $5k. Shake out the weak hands then will go on the biggest bull run ever. You heard it here first
aka
2018-01-19 10:44
lol
aka
2018-01-19 10:44
good theory
aka
2018-01-19 10:44
here is mine
aka
2018-01-19 10:45
tether printing machine is non stopping for a bull run this weekend
aka
2018-01-19 10:45
every day 100m being created
stolzlos
2018-01-19 11:42
@harvie 100% agreed on the levels.
stolzlos
2018-01-19 11:44
I plan on countertrade both (assuming that this is a bear market)
aka
2018-01-20 22:22
thanks to our USA friends, bitcoin is having a weekend party
harvie
2018-01-21 03:27
@aka I think we may see it go as high as 14-15k before a deadcat on a longer-time frame.
harvie
2018-01-21 03:28
or it could not deadcat and just shoot up, we've seen that happen before :smile:
harvie
2018-01-21 03:28
I have my core holdings that I won't sell and like @stolzlos I will try and swing trade between separate cashflow.
danz
2018-01-21 18:23
I believe we will reach 25k+ in march
harvie
2018-01-22 03:24
@danz I think it will do 50k+ but not sure when, maybe Mid June/July. My bro theory is that there are too many people in the space who are making money. Now my FB feed is of friends who are buying $500 of a coin then posting their profits when it goes up 20%.
They are typical 9-5 types, don't have a lot saved but what they do they decided to put in some alt coin.
I think the markets will move sideways and down a lot few a few a while (months?), liquidating people who cannot handle the 50% losses or need to cash out coins to pay for rent. Then the sharks (the people who can afford taking a 50% loss and keep buying more) will increase their positions for the MEGA BULL RUN.
harvie
2018-01-22 03:25
Another bro theory is that the futures markets are shorting BTC and buying BTC at these low levels, then they will long the futures then sell their cheaply bought BTC to the new fish at an insane price.
stolzlos
2018-01-22 15:54
Lets see if we can crack last weeks lows. I think it is quite likely.
stolzlos
2018-01-24 05:03
cryptos have to start rallying here strongly. Otherwise the next leg down will start very soon. Should we fall, we will fall pretty hard.
skat
2018-01-24 08:16
I prepared for a hard fall.
skat
2018-01-24 08:16
It will rally up at some point, but somehow i don?t believe it will happen this month (or next one).
stolzlos
2018-01-24 18:17
well, if they get hit I hope they recover quickly. I suspect we will know before the weekend.
stolzlos
2018-01-27 13:24
MtGox 2.0 happened and cryptos just shrug. No crash, no nothing. Up?
aka
2018-01-27 15:28
?
aka
2018-01-27 15:28
mtgox at the time was the only availible exchange
aka
2018-01-27 15:29
coincheck was just holding some crappy nems
stolzlos
2018-01-27 16:43
maybe so but 500 mil is one heck of a lot of money
stolzlos
2018-01-27 16:45
and who knows what other exchange uses the same system? But apparently nobody gives a shit which means it is priced in.
ken
2018-01-28 13:35
Anybody actually trade in ETH instead of BTC? My prediction is that Ethereum will be higher in marketcap than Bitcoin in 2018. So right now I do all my trades with ETH
aka
2018-01-29 09:42
maybe...
aka
2018-01-29 09:42
but it will be a long journey
aka
2018-01-29 09:43
it wont happen overnight
stolzlos
2018-01-30 13:18
Damn it. Should not have traded this market. That hurt...
skat
2018-01-31 06:50
@ken i've stopped short trading (to much nerve wrecking), but I mostly used ETH before.
skat
2018-01-31 06:55
I'm not sure how profitable as an idea that was... I've been always put off by Bitcoin community maximalists attitude (bitcoin or nothing approach, calling everything else a shitcoin and etc). But Bitcoin had too much volatility -- too much for me to handle. ETH has always been a perfect balance for me, I sleept more or less calmly ;-D
skat
2018-01-31 06:57
I've had too much issues with too much stress on my shoulders last year, so to safe my sanity I just quit crypto trading all together... and investing all my time in building my own business now.
skat
2018-01-31 07:00
There are things that i'm not happy about in Vitalik moves as well. But he built up a very interesting community of contributors around his project! So if i'll come back to this -- only ETH for me.
ken
2018-01-31 08:55
@skat, makes sense. I'm planning to cash out also this year (after the market goes over 1 trillion market cap, which I see happening this year), still I am starting another marketing business, cant rely solely on crypto.
mcdonald.ben
2018-01-31 11:23
has joined #invest-crypto
skat
2018-02-01 13:27
seems like a right moment to buy in into ADA...
skat
2018-02-01 13:27
I was waiting for this!-)
skat
2018-02-02 11:05
i'm happy i didn't had any time to buy ada yesterday :smile:
skat
2018-02-02 11:06
will the fall ever stop? :slightly_smiling_face:
stolzlos
2018-02-02 13:42
hmmmm. bouncing on a pretty weak level. No significant vol. Lets see how the day ends.
stolzlos
2018-02-02 13:43
But one thing is for sure, bullmarket is over.
stolzlos
2018-02-02 21:23
with many asset classes under pressure there will be even more pressure on cryptos. Buying today was not convincing at all.
harvie
2018-02-03 02:31
@stolzlos stocks just got deflated a little, was needed after the epic bull-run in Jan. Prob good news long-term I think.
harvie
2018-02-03 02:46
seem nobody is looking at gold/silver, might throw some of my pennies in that direction.
stolzlos
2018-02-04 20:15
looks pretty red out there. Traders raising cash for tomorrows stock market open? If we break further, 7700$ won't hold. Next level after that is 5000$. I personally see close to zero chance that we hold 7700$.
aka
2018-02-05 15:43
5k here we go
stolzlos
2018-02-05 18:14
<7K
stolzlos
2018-02-05 19:15
BCH down 78% in 6 weeks. Has reached solid resistance.
stolzlos
2018-02-05 19:15
any volunteers?
stolzlos
2018-02-05 19:33
this market knows no mercy.
stolzlos
2018-02-05 19:35
thats what you get when wall street is involved. they are levered to the hilt in stocks and now that the market blows up they got to sell everything. Along with that their cryptos.
stolzlos
2018-02-05 20:27
looks like the bottom is in for today
stolzlos
2018-02-06 05:27
next day, new low
stolzlos
2018-02-06 08:40
<6k on bitstamp
harvie
2018-02-06 09:39
levels im looking to add for long-term hold are the $5.6k and $5k next
stolzlos
2018-02-06 15:16
Bottom is in. I assume that we might make it back to 9200 before gravity picks up again.
stolzlos
2018-02-09 13:32
feels like we make one more push higher. This rally needs more suckers.
stolzlos
2018-02-10 15:27
Levels to watch
stolzlos
2018-02-10 15:28
if we break support at 150 then a lot of coins will get destroyed. I assume that is the moment when HODL guys throw in the towel.
stolzlos
2018-02-10 15:30
of course this is not a given. anything could happen. we could suddenly stabilize here for a few days and break out to the upside.
stolzlos
2018-02-10 15:31
While I would be happy about the latter (profitwise) I prepare for the former (countertrading, buy 61, sell 100ish).
burrup.lambert
2018-02-12 11:56
has joined #invest-crypto
burrup.lambert
2018-02-13 09:54
Thought I would throw this one in here. Does anyone trade in, and is recognised as a tax resident in countries that have explicitly stated they have no tax on cryptocurrencys such as Slovenia, Belarus, Singapore, Denmark etc. Do you trade as a business or as an individual? I'd like to hear your experiences with regards to filing tax returns, dealing with exchanges and banks (local or not), residency etc. Thanks!
stolzlos
2018-02-16 12:14
cryptos do look better but lots of them pushing resistance right now. No direction yet.
stolzlos
2018-02-17 09:02
XMR broke its resistance clean. A few others did too. Bullish.
stolzlos
2018-02-17 09:05
still too much vol. If we really continue upwards then coins should settle down somewhere before that.
aka
2018-02-19 14:55
im riding strat today
aka
2018-02-19 14:55
but xmr is a good bet as always
tkrunning
2018-02-19 19:47
What?s the easiest/best way of changing some BTC into XMR? Any good exchanges?
danz
2018-02-19 19:51
Binance
johncitizen
2018-02-19 23:43
Easiest is shapeshift.oo
johncitizen
2018-02-19 23:43
shapeshift
johncitizen
2018-02-19 23:43
Best is binanace / bittrex
stolzlos
2018-02-20 10:31
Few coins look bullish but market feels kinda heavy. Will wait a bit longer.
aka
2018-02-20 15:28
march is gonna be a good month
aka
2018-02-20 15:28
but g20 apparently has the topic of crypto on the menu
aka
2018-02-20 15:28
and everyone is already panicking
tkrunning
2018-02-20 15:55
Thanks guys!
stolzlos
2018-02-21 18:16
now lets hope that we just swing around here and do so for at least a few days until volatility subsides. The longer the better.
stolzlos
2018-02-21 18:21
in case these levels don't hold chances are very high that this was just a simple, although vicious, bearmarket squeeze.
stolzlos
2018-02-22 13:29
Does not look very promising....
aka
2018-02-23 13:35
wait til march
stolzlos
2018-02-24 07:41
yes, there is no opportunity here for now. Blockchain related companies are the same. Lets sit it out.
aka
2018-02-24 12:41
Anyway. Can my uk company buy crypto and pay me up in that avoiding all the taxes? From both sides? Thoughts.
burrup.lambert
2018-02-24 23:32
Definitely no expert, but either you or your company would be responsible for paying taxes which may be Income or CGT. Are you a sole trader? I think you'd be better off establishing a new residency in a crypto tax friendly country.
stolzlos
2018-02-26 19:29
mikeseo
2018-02-27 01:04
read about CFC laws, controlled foreign corporation
stolzlos
2018-03-02 10:37
Coins look heavy
johncitizen
2018-03-02 12:01
?
stolzlos
2018-03-02 12:11
@johncitizen volatility has come down. coins are settling and setting up for the next move. With few exceptions, most look like they go down. Hence, heavy.
harvie
2018-03-02 13:07
My bro guess is saying 9k~ then next leg up to 13k~.
johncitizen
2018-03-02 15:26
Aye
harvie
2018-03-02 15:47
it's a gut feeling, take it with a pinch of salt and a dash of bro-charting :smile:
aka
2018-03-03 15:16
if we cross 12k by monday
aka
2018-03-03 15:16
we can go up 13k easily
aka
2018-03-03 15:17
and next stop 15k, 17k
aka
2018-03-05 10:01
we didnt cross 12k yet
aka
2018-03-05 10:01
trend reversal is still expected though
stolzlos
2018-03-05 16:49
12K ish is a high traffic zone. We got to crack above 13K with power and stay there. If that really happens I will switch from bear to bull.
stolzlos
2018-03-06 14:23
first coins make new lows. gravity getting stronger.
stolzlos
2018-03-07 18:40
strong move, wrong direction
stolzlos
2018-03-07 18:42
more coins with new lows and a big batch coming up to join.
stolzlos
2018-03-08 16:54
9K must hold. Otherwise 6K is going to get tested once more. There is no support anymore in between.
stolzlos
2018-03-09 04:55
9K, as if nonexistent. No strength.
stolzlos
2018-03-10 08:33
closed above 9K but we smashed too deep. Volume was elevated yet not impressive. imo just a brief stop for the pros to unload some shorts for cash and then reshorting a bit higher for the next move down.
stolzlos
2018-03-10 08:38
that downtrend line is now firmly established. BTC must break it to go from bear to neutral.
harvie
2018-03-12 04:42
I have no idea what is going on but I keep buying the dips. :exploding_head:
stolzlos
2018-03-12 20:11
looking through charts I see nothing but downside .... hope I am wrong
stolzlos
2018-03-14 10:21
absent some really good news next move down is pretty close
stolzlos
2018-03-14 10:48
coins never looked that bad, collectively
stolzlos
2018-03-14 18:11
last hope is a hard reversal and a green close. if not, a lot of coins are going to get chopped into little pieces
stolzlos
2018-03-14 21:56
the scary thing about this market is that we have but a fraction of the volume on the way up seen so far on the way down. Which makes kinda sense if you think that the majority of people really just HODLs and never sells. This market simply ran out of buyers. Hence constant dropping of volume.
stolzlos
2018-03-14 21:58
Imagine what happens if that meme changes and people start to panic. If we see a day that has half of the volume we saw on the way up then a 50% drop "in a single day" is absolutely no problem. Xmas replay.
johncitizen
2018-03-15 01:25
$600 ETH!!! What a time to be alive :)
harvie
2018-03-15 03:49
If bitcoin goes any lower, I'll be giving them away as xmas presents to friends :smile:
stolzlos
2018-03-15 04:10
@johncitizen If you like it at 600 you will love it at 400 :wink:. 400 is a mightily strong level.
johncitizen
2018-03-15 05:27
I'd mortgage my house & kidney at 400
pedrodemendez
2018-03-15 06:13
better get ready and call the surgeon
harvie
2018-03-15 09:04
@johncitizen I'll put my own and my mother's at 400
maxsuur
2018-03-15 15:24
maxsuur
2018-03-15 15:24
Anyone?
stolzlos
2018-03-15 16:14
you can see how aggressively the dips have been bought recently around these levels. Look at what is happening today. 70% of the day through and little interest. No serious buyers.
stolzlos
2018-03-15 17:42
for the ppl who want to know how I come up with 400$. That is one teflon level. I supect we are going to test it.
stolzlos
2018-03-16 13:47
this should break down .... but
stolzlos
2018-03-16 13:51
as unlikely as a breakout to the upside is, it is not impossible. Coins could turn and rip in the other direction. Its always good to be prepared mentally. This might turn into a buying opportunity.
harvie
2018-03-17 08:32
In the past we've seen huge drops followed by a massive buy up reversal, think we may need to wait for that again
stolzlos
2018-03-17 08:44
i agree. obviously this has not happened. Which means it is yet to come. I keep my eyes on the relevant coins and as of this moment, doom is as prevailing as it has been the last week.
stolzlos
2018-03-17 08:47
the next move down could be quite severe. ETH 400, Dash 220, XMR 100, ZEC 150
stolzlos
2018-03-17 08:47
at least that is where I place my limit orders
stolzlos
2018-03-17 19:19
good time to double check your seatbelt
stolzlos
2018-03-17 19:21
next support is quite far. BTC at 5000.
stolzlos
2018-03-18 13:04
ETH <500
harvie
2018-03-18 15:01
Anyone know where me and @johncitizen can location an independent kidney surgeon?
stolzlos
2018-03-18 15:29
we ain't there yet :wink:
stolzlos
2018-03-18 15:33
I assume we return to that uptrend line. If, how and when, I don't know. Yet, the closer we get the harder we should look at ETH.
maxsuur
2018-03-19 11:27
Wondering in your experience cryptoenthusiasts, how insightful and more importantly: accurate Teeka Tiwari's Palm Beach Cryptoletter predictions have been
maxsuur
2018-03-19 11:28
Thanks
harvie
2018-03-19 11:33
I have no idea who that person is but it made me lol
maxsuur
2018-03-19 11:48
hahaha
maxsuur
2018-03-19 11:48
I am sure there are some guys down here who know what I am talking about
maxsuur
2018-03-19 11:48
I recall having one of those newsletters shared here in the group
maxsuur
2018-03-19 11:49
"Dat guy"
aka
2018-03-19 14:13
currently in this market
aka
2018-03-19 14:13
he just pumps and dumps stuff that has been reccomended to him
aka
2018-03-19 14:14
i mean, paid shill style
aka
2018-03-19 14:14
his reccomendations are still optimistic for every single coin
aka
2018-03-19 14:14
buy up btc until 25k like no tommorow
aka
2018-03-19 14:15
@aka uploaded a file: https://freedomsurfer.slack.com/files/U4S6Y5544/F9RKU5VTK/pbc_feb_gto.pdf
aka
2018-03-19 14:15
here is the newsletter from feb
aka
2018-03-19 14:15
but Gto or Gifto is such a "shit" coin
aka
2018-03-19 14:16
like people in china instead of being offered real coins or money prefer to be offered some shitty tokens ... called GTO
aka
2018-03-19 14:17
its easy money for him
aka
2018-03-19 14:17
and his gang
aka
2018-03-19 14:17
the rest can do whatever they want
stolzlos
2018-03-19 14:48
Could not agree more. Just living off his former glory.
stolzlos
2018-03-19 14:50
And friends with Marin Katusa. I like neither.
maxsuur
2018-03-19 17:09
So any real ones to follow?
maxsuur
2018-03-19 17:09
I like Jim Rogers, but he does not talk about crypto that often
aka
2018-03-19 17:10
There should be no authority in bitcoin
maxsuur
2018-03-19 17:10
Well, for me there's one: Antonopoulos
maxsuur
2018-03-19 17:10
Call it a "decentralized authority"
aka
2018-03-19 17:10
OK. That's a good one
maxsuur
2018-03-19 17:10
Or person I admire very much
maxsuur
2018-03-19 17:11
We're humans (monkeys), there's always someone we look up to.
aka
2018-03-19 17:14
Yeah. That's true
danz
2018-03-19 21:20
Yeah, unfortunately he got the biggest subscription out there with to many members so he can boost any coin almost
danz
2018-03-19 21:21
But there is sometimes some good info about certain projects
danz
2018-03-19 21:21
If anyone wants the latest cliff report to, let me know and I?ll sent it
stolzlos
2018-03-20 16:51
breaking its 3 months downtrend. If we close above, return to neutral. First indication for a possible trend change.
stolzlos
2018-03-20 17:00
now if we get a few more coins do the same then that would be just perfect
stolzlos
2018-03-20 17:08
testing 4+ months trendline against BTC as well. That is looking actually quite good.
stolzlos
2018-03-21 18:35
next trendline break.
stolzlos
2018-03-22 04:54
RCN, TNB, YYW broke trendlines
stolzlos
2018-03-22 04:54
EOS, DAT, IOTA look like they are going for it
stolzlos
2018-03-22 04:54
market turning
stolzlos
2018-03-22 04:55
no place to buy yet, no need to hurry
mcdonald.ben
2018-03-22 09:30
I'm not convinced the market is moving up. Volume has actually gone down recently
stolzlos
2018-03-22 11:51
Neither am I. Its pretty early but the signs are the signs. If I am right then bullish price pattern should soon emerge. If not, on we go down.
stolzlos
2018-03-22 11:53
And volume is falling across the board since nearly half a year. The fact that volume did not increase on the way down is actually a bullish sign. At least to me.
stolzlos
2018-03-22 19:40
Surprise! A triangle formed. Based on pure TA a breakout should take us to 33K. A breakdown to 2300.
harvie
2018-03-23 04:46
Nice graph. I really don't care which way we go as cyrpto is 10% of my networth so no biggie I can always add on the down and up, but I don't know if I can see it going to $2300 for the simple reason that people have too much money nowadays. If we were in tighter climate then for sure, but the average person has more $$$ than ever, so for that reason I'm learning to the $33k. I think people will snap the coin up in the $4-6k range like there's no tomorrow baring some major news
harvie
2018-03-23 04:47
That is my arm-chair analysis :smile:, half of us already giving up kidneys for it.
harvie
2018-03-23 04:49
Like who here is not going to fomo into BTC at $4k?
stolzlos
2018-03-23 15:17
come on cryptos. *TURN!*
stolzlos
2018-03-23 15:18
@harvie agreed
stolzlos
2018-03-25 08:58
hmmmmm. only a small number of coins actually managed to break their trendlines and the ones who did don't really follow through either by simply going up or building some bullish pattern.
stolzlos
2018-03-25 09:01
If there won't be any more positive action then this really will turn out to be a brief stop on the way down. BTC has support at 7600 (see chart). That is awfully close ....
stolzlos
2018-03-25 09:08
one reason may be that with the action in the stock market which finally (I may again be proven wrong) seems to have found its top.
stolzlos
2018-03-25 09:09
Wall street is obviously trading in both
stolzlos
2018-03-25 09:11
if stocks crash next week then it is very likely that BTC will go down with the ship.
ivo
2018-03-25 13:02
We've seen the same pattern with Gold in '07/08 where it first rallied throughout 2007 until March 08 and as the crisis hit hard it and people got margin called it sold off heavily. That said, I think Bitcoin can only break out of it's current downtrend if people not only use it as store of "value" but you rather see some further integration as means of exchange. Though it seems like, for now, they rather hold on to their gains/losses instead of using the coins for som real transactions.
stolzlos
2018-03-25 13:10
@ivo excellent point and I could not agree more. The bullmarket in Gold was at that time already running for 5 years and gold up 300%. There was quite a lot of ownership. And even though it should have risen in a financial panic it got crushed due to the losses in paper stocks and the subsequent margin calls resulting from securities unrelated to gold.
stolzlos
2018-03-25 13:12
Reaction in gold in relation to recent spikes in vol in paper stocks clearly indicates that ownership in gold is, relatively speaking, non-existent though.
ivo
2018-03-25 13:24
People always think the stock matters for valuation at bitcoin, just because the coins aren't infinitely scalable. I don't really buy that argument. It's like people try to sell you a technological fallacy as an advantage. For crypto all that matters is flow, otherwise their value is near-zero.
stolzlos
2018-03-25 13:46
honestly, I don't know where the value comes from but utility (or flow as you say) is a good argument. Value is subjective after all. I assume that right now value is mainly driven by people who wanna make a quick buck. And while I think that is also a legitimate way for price/value finding I assume that lots of people may end up with coins that do in fact wind up zero because there is no need for so many coins in the end. Or at least for now. This may change in the future.
stolzlos
2018-03-25 13:49
but if cryptos get blown out of the water in case of a market crash and gold soars then at least the "digital gold" (your stock reference) argument will be buried, even if just temporarily.
ivo
2018-03-25 14:14
Yes, but that "greater fool" argument only works for as long it does. And it seems as if this is not the case right now. Also with most of the stocks in hands of some very few, there's always massive wave of liquidity waiting to be unleashed on everyone. And there's legally no reason why these folk shouldn't eventually.
I mean, I hold crypto but other than to check wether or not I've made or lost some money, there is no benefit of holding it, unless they represent asset backed tokens.
If store of value is really the only concept, that a crypto coin serves, then their valuation is nothing but a measure of my believe wether the price will be higher tomorrow. And in that case, with prices overall still up 8 fold in a little over a year, down drom 20 fold, the pain clearly has not been big enough for people to believe something like that.
That said, I think if those wales or whatever they are called would kick in and sell the majority of their holdings, it would be great. It would bring down prices by a lot and reduce transaction costs making something like bitcoin actually viable.
stolzlos
2018-03-25 14:31
clearly the bubble has popped. There is no doubt. Thus the quick buck mentality will eventually break, even for the most ardent believers and thus many will throw in the towel sooner or later. The basic concept of Return *on* investment will eventually be overcome by Return *of* investment. It has always been like this. It will always be like this.
stolzlos
2018-03-25 14:35
And whether the whales will sell or not, well, eventually cryptos will find a price level at which they are undervalued to such an extent that greed will overcome even excessive fear/horror/hatred and another bull market will begin. What I want to say is that while I think it is interesting to see how it unfolds or if it comes to a crash caused by whales, for example, much more of interest to me is to find a method that lets me identify that sweet spot at which the market turns.
stolzlos
2018-03-25 14:38
I am all for great technology and cheap transaction costs. But I have to plead guilty in the sense that I am actually with the crowd that is just in the game to make a *quick buck* :wink:
stolzlos
2018-03-25 14:39
I just hope that I am smarter than most of the other participants (<= prime example for arrogance)
ivo
2018-03-25 14:56
Yes, I admit that I've fallen to the same thing. And with all those folks having streamed into the market, spreads have contracted so much that trading in crypto is actually interesting.
stolzlos
2018-03-25 15:11
with all that said and interests aligned, lets make a killing :wink:
stolzlos
2018-03-26 09:23
Got stopped out. Looks like continuation then
stolzlos
2018-03-26 12:30
Seems like we are going to need those kidney surgeons after all
stolzlos
2018-03-26 12:33
The question is, will 400 stop the fall or not?
stolzlos
2018-03-26 16:53
All the touches on the trendline lead to a major rally in ETH against BTC and also USD.
stolzlos
2018-03-26 16:54
Interestingly you can see that line also against other coins like Dash, Monero, Steem, Lisk, etc.
stolzlos
2018-03-26 16:56
I think buying on touching that line is the single best trade there is.
stolzlos
2018-03-26 18:42
this is going to get very bloody. This was the weakest bounce since we started dropping in Dec.
stolzlos
2018-03-27 19:15
last chance for cryptos to turn. We are close or sitting on major resistance. It looks really bad though.
stolzlos
2018-03-27 19:17
I also cannot imagine ETH stopping at 400 anymore. I don't even think that we will bounce much. I still think its a great buy but I also think that we go lower.
stolzlos
2018-03-27 19:19
My targets: Dash 220, Monero 100, Ripple 0.30, Neo 32, ZEC 120 (maybe crazy, but this is a bear market, I either buy extreme or not at all)
johncitizen
2018-03-27 23:58
Thanks Stoloz :)
johncitizen
2018-03-27 23:59
stolzlos ;)
johncitizen
2018-03-27 23:59
I might load up on some orders
harvie
2018-03-28 03:50
I think we have a lot more time here going sideways and down. It's been a little over 2 months so far I think, I guess another 2 months to 1 year.
johncitizen
2018-03-28 07:55
Agreed
stolzlos
2018-03-28 17:21
@johncitizen yes, maybe we get lucky
stolzlos
2018-03-28 17:25
@harvie the last bearmarket took roughly 20 months. A year is a duration that I also consider. Nevertheless there will be a sharp rally coming up soon.
stolzlos
2018-03-28 19:35
I don't know when it will occur or how it will come about but it will happen. I don't think it is that far away.
petrus.luijpers
2018-03-28 20:56
has joined #invest-crypto
johncitizen
2018-03-29 00:11
Good
stolzlos
2018-03-29 07:50
BTC broke 6 months uptrend line. Lets see how we close today.
stolzlos
2018-03-29 13:07
I have never seen a situation like ETH before where price basically *sneaks* into major resistance (@400). This will be highly educational.
stolzlos
2018-03-29 13:11
Bounce? Slide through? Smash through?
stolzlos
2018-03-29 14:17
ETH <400
harvie
2018-03-29 16:11
looks like the market wants to kill every bull before the next takeover
stolzlos
2018-03-29 16:50
All stops below 400 have been taken out. Not much of a reaction so far.
stolzlos
2018-03-29 16:51
75% of the day through and we don't even have 50% of the volume of a typical turnaround day. I would not be surprised if we close below 400.
stolzlos
2018-03-30 05:56
The support of ETH @400 was the strongest it had, we closed below (380) on the first day breaking it and at the lows of the day. Just amazing.
stolzlos
2018-03-30 06:01
This is beyond my expectation. I would not have thought it that weak.
stolzlos
2018-03-30 06:02
BTC closed near the lows. The breakdown is now valid. Next stop is 5000.
stolzlos
2018-03-30 07:20
@stolzlos uploaded a file: https://freedomsurfer.slack.com/files/U5W3QJU4W/F9Y5E3FUH/image.png
harvie
2018-03-30 08:00
Double bottom at 6, deadcat to 8~ then down to <5k? Could see something like this on a longer time-frame (months)
stolzlos
2018-03-30 09:28
yes. 6K *should* bounce. But as with ETH (which was the perfect example) it depends on how we get there. Smashing down, bounce, Creeping down, sliding through.
stolzlos
2018-03-30 16:57
here are the ones I am looking at and why. Cryptos will likely turn when they find their support collectively.
pragmatic
2018-03-31 12:33
Anyone know of any banks that would allow virtual currency businesses?
danz
2018-03-31 13:53
You could try Barclays, they just made a deal with Coinbase I believe
stolzlos
2018-03-31 14:43
Little reaction so far. Just a matter of time before coins continue their way down.
stolzlos
2018-03-31 14:43
If ETH does not show some strength soon then 270 is not unrealistic
stolzlos
2018-04-01 07:28
@harvie I don't think 6K will bounce much. We are too close and there have been too few buyers. I think we will go directly to 5K.
stolzlos
2018-04-01 19:16
looks like some people bet on that 5 months support.
stolzlos
2018-04-02 18:21
no reaction so far. This is so weak you cannot even even call that a bull trap.
stolzlos
2018-04-02 18:23
we go lower and lower and the resistance of buyers is getting weaker and weaker.
stolzlos
2018-04-02 18:23
I assume that Hodlers are now tapped out.
danz
2018-04-02 18:24
Still holding:)
stolzlos
2018-04-02 18:25
well, if you are not leveraged and don't have the expectation to be rich by friday, you should be fine.
stolzlos
2018-04-02 18:25
:wink:
stolzlos
2018-04-02 18:26
what are you in? BTC?
danz
2018-04-02 18:27
Mostly BTC and NEO, and a few other smaller ones. I can wait:)
stolzlos
2018-04-02 18:29
NEO is also one of my favorits. And BTC is doing, relatively speaking, quite well.
danz
2018-04-02 18:29
I like the fact that even in a bear market, you can make money with neo with just accummulating gas
stolzlos
2018-04-02 18:30
I assume that is the reason why people keep buying/holding it even in this environment. It's visible in the chart.
stolzlos
2018-04-03 16:13
there is some buying after all. Lets see how far this goes.
stolzlos
2018-04-03 16:26
there is actually a chance for a breakout trade here. Its a difficult setup though.
stolzlos
2018-04-04 16:36
has anybody looked at the binance coin?
stolzlos
2018-04-04 16:40
I know I am a bear right now but this thing is worth buying, today. This thing will absolutely go vertical when the market turns. This totally outclasses any other coin I have looked at. What the heck is this coin?
stolzlos
2018-04-04 16:40
I am genuinely stunned ...
stolzlos
2018-04-04 16:53
I just looked through the charts of all Binance coins. It is just BNB. Incredible!
stolzlos
2018-04-04 17:05
While BTC is falling (and the rest is getting creamed) this thing is rising
stolzlos
2018-04-04 17:27
the only risk is BTC breaking that 6 months support it is sitting on.
aka
2018-04-05 11:08
go binance
stolzlos
2018-04-05 15:53
BTC back to support. Close @6350 or below triggers the next leg down for cryptos.
stolzlos
2018-04-05 20:48
Chart is terrible but this is a valid breakout. This stock peaked nearly 3 weeks before BTC and thus could be a leading indicator.
stolzlos
2018-04-06 16:17
sticky. Few alts already made new lows.
stolzlos
2018-04-09 17:14
yesterday into today it looked like cryptos could break away from that dangerous support. Back we are. The longer the stay, the more likely the break will become.
harvie
2018-04-10 05:31
I get a payment of Bitcoin next week, think I'm going to hold that one. The bitcoin hype is dead (for now). Time to start acquiring boys!
stolzlos
2018-04-10 08:30
Now I know who is the crazy guy putting up that last stand at this support line ;-)
aka
2018-04-10 09:27
well
aka
2018-04-10 09:27
we're at a crossroads
aka
2018-04-10 09:27
we can drop further to 4k from now
aka
2018-04-10 09:28
or we can go up, which is hard
aka
2018-04-10 09:28
hold on for bitcoin because of it's statement, but if you trade actively, it's not the best time to do so
stolzlos
2018-04-10 11:01
@aka i see it the same way. We are very close to a decision. Personally i think we will crack lower. Besides being oversold there is no reason why cryptos should rise. That said, i have my finger on the buy button in case the market does come around after all.
stolzlos
2018-04-10 16:27
another stock smashing higher. The second solid breakout.
stolzlos
2018-04-10 16:29
as with BTSC, the chart is quite shitty but these are significant moves. Are stocks sensing a turnaround in cryptos? If yes, it is not yet visible, or is it? Back to the charts.
stolzlos
2018-04-10 17:06
Very valid, very real breakout!
stolzlos
2018-04-10 17:07
solid uptrend
stolzlos
2018-04-10 17:10
now these are the exceptions. Most coins look like they will continue to break down, according to TA pattern. But this does start to look like that sellers are tired of selling. @harvie I don't *believe* (not knowing) that we have seen the lows but this could be an intermediate bottom with a nice rally ahead of us.
stolzlos
2018-04-10 17:13
@aka Switched to neutral, looking to buy
aka
2018-04-10 20:50
I think xvg is the worst thing to fall upon crypto world
stolzlos
2018-04-10 21:05
I know nothing about it but people seem to want it. Anything I should be aware of?
aka
2018-04-10 21:35
Development team is basically a guy who can't code
aka
2018-04-10 21:35
Can only copy paste poorly
aka
2018-04-10 21:36
It's a clone of doge coin code. With apparently a privacy protocol that was the least private thing in crypto
aka
2018-04-10 21:36
A lot of fundamental things broken
stolzlos
2018-04-11 03:08
lol. thanks.
stolzlos
2018-04-11 08:54
EOS breakout but the chart is not really exciting
stolzlos
2018-04-12 11:26
That went fast
stolzlos
2018-04-12 14:21
the second best trade after Binance?
aka
2018-04-12 14:58
so, bitcoin is up..
aka
2018-04-12 14:58
exceeding everyone expectations
stolzlos
2018-04-12 15:04
some perspective
stolzlos
2018-04-12 15:08
lets see what happens over the next few days. Hopefully we get some great setups to trade.
stolzlos
2018-04-12 19:45
a lot of coins broke their trendlines today on volume and clearly. Others are about to do so. Looks genuine to me. A rally has begun. How far? No clue.
stolzlos
2018-04-12 19:48
Crypto stocks were ahead of the coins by almost a full week. I suspect, as in December, that crypto stocks will lead again when the market turns south once again.
stolzlos
2018-04-14 06:50
just a matter of time
stolzlos
2018-04-17 16:49
BNB not working out. That is worrisome. Bad sign.
stolzlos
2018-04-17 16:49
On the other hand, stock market is up, that should help cryptos.
stolzlos
2018-04-17 16:50
And crypto stocks are still not breaking down. That is also positive.
stolzlos
2018-04-17 16:51
Further we have more to go until BTC and ETH hit their resistance lines.
stolzlos
2018-04-17 16:53
If BTC manages to break above 9K we should make it up to at least 11K. Then it gets tough.
stolzlos
2018-04-18 06:59
Xmr move is a good sign!
stolzlos
2018-04-18 07:00
Has massive resistance at 330. That won't break easily.
harvie
2018-04-18 09:07
Do you swing trade @stolzlos?
stolzlos
2018-04-18 16:37
@harvie yes, swing only.
stolzlos
2018-04-19 13:40
Just checked crypto stocks. Green, no worries so far.
stolzlos
2018-04-19 15:53
looks like BNB is coming back. Cracking above 14$ is, imho, the trigger for a stellar rally.
stolzlos
2018-04-19 15:53
I still believe that this is the best trade out there for it has the best chance for new highs and a very good base. Settled well.
stolzlos
2018-04-19 15:54
EOS also starts to look pretty good here. Has a shot at new highs.
stolzlos
2018-04-19 17:55
the next push drives BTC into that major resistance. I am *quite* convinced that it will indeed break but I am preparing myself to be disappointed. This is no easy market.
danz
2018-04-19 21:14
If anyone wants the new PBC document that is just released, let me know.
millnmd
2018-04-19 22:47
has joined #invest-crypto
aka
2018-04-20 10:08
this month has been pretty good in crypto
aka
2018-04-20 10:09
33% profits, but still not enough to counteract the last 3 months
stolzlos
2018-04-20 10:45
there is the spike into resistance. moment of truth.
aka
2018-04-20 11:54
8500 is the big moment
aka
2018-04-20 11:55
but still in great shape, on daily oscillators
aka
2018-04-20 11:55
and moving avgs
aka
2018-04-20 11:56
not much momentum going on but
stolzlos
2018-04-20 12:48
yes. 8500 is a killer barrier. A close of 8700+ will bring back the bulls.
stolzlos
2018-04-20 15:14
+20% as of this moment. Other stocks started breaking out. Clear sky. BTC should make it through.
stolzlos
2018-04-21 05:21
broke through in the last hour of the day. Therer
stolzlos
2018-04-21 05:32
Expecting one or more retests of the trendline.
stolzlos
2018-04-21 10:56
BNB is up 7% while everything else is done
stolzlos
2018-04-21 10:57
This tells me that BNB is considered a *better* cash equivalent for Binance users.
stolzlos
2018-04-21 11:01
It just can't get more bullish than that.
stolzlos
2018-04-23 06:57
ETH facing massive resistance at 640.
stolzlos
2018-04-23 06:58
This is one epic short squeeze
aka
2018-04-23 15:58
hard to pass the 9k on bitcoin
aka
2018-04-23 15:59
can't get to that vegeta level
stolzlos
2018-04-23 16:14
tricky indeed. Watching right now very carefully.
stolzlos
2018-04-23 16:20
Crypto stocks are struggling. They got hammered into the close on friday.
stolzlos
2018-04-23 16:21
Today they don't look much better.
stolzlos
2018-04-23 17:18
covered EOS
stolzlos
2018-04-24 00:37
just when you think this could not get crazier.
stolzlos
2018-04-24 03:56
regarding EOS, I looked this morning into the mirror. Found out what an idiot looks like.
stolzlos
2018-04-24 04:11
BNB cracked 14
aka
2018-04-24 14:20
hurray
stolzlos
2018-04-24 15:17
@aka :+1:
aka
2018-04-24 15:21
so @stolzlos you do a lot of individual coin analysis
aka
2018-04-24 15:22
but do you see the thing through USD value, instead of btc
aka
2018-04-24 15:22
most things in crypto can only be paired against btc
aka
2018-04-24 15:22
btc swift up devalues every alt, in btc relation, mantains usd value
aka
2018-04-24 15:22
there is usually very few coins that have a resistance to BTC going swiftly up
stolzlos
2018-04-24 16:02
in regard to your btc pairing statement or any kind of trading that you do or style that you use
stolzlos
2018-04-24 16:03
if it puts money into your bank account, or crypto account, it is working
stolzlos
2018-04-24 16:03
its as simple as that
stolzlos
2018-04-24 16:04
I am a dollar based breakout trader. It puts money into my account. It works for me.
stolzlos
2018-04-24 16:05
if btc based trading helps you making money then by all means stick to it and let nobody (me included) tell you otherwise
stolzlos
2018-04-24 16:05
why give up a winning strategy?
stolzlos
2018-04-24 16:06
that is the magic about trading I love so much. We could both use trading styles we both think are total crap. We both could have opposite opinions about the market, or coins, or whatever and STILL both make money
stolzlos
2018-04-24 16:06
IF we stick to our game
stolzlos
2018-04-24 16:07
it is just a very personal matter I think
stolzlos
2018-04-24 16:11
that said, lets milk that bull :wink:
danz
2018-04-24 16:12
In this market it?s hard to not make profits:)
aka
2018-04-24 16:12
trx is on the move to 700 sats btw, even if you're not tracking in usd
aka
2018-04-24 16:12
bitcoin is on the move to 250k..
stolzlos
2018-04-24 16:15
I was watching for 5.6 cents to break. 3 months horizontal resistance is a great setup.
stolzlos
2018-04-24 16:17
@danz but I am honestly shocked that there are still so many buyers around.
stolzlos
2018-04-24 16:18
happy about it of course
aka
2018-04-24 16:18
crypto has still that power of 10-100% a day
aka
2018-04-24 16:18
hard to go away from that
stolzlos
2018-04-24 16:19
@aka if BTC really goes to 250K from here then the tab is on me :wink:
aka
2018-04-24 16:19
well it might take a while, but eventually yeah
aka
2018-04-24 16:19
the only problem will be cashing it out
aka
2018-04-24 16:19
because in this country its still hard to use it
danz
2018-04-24 16:20
That will be the biggest problem I think
stolzlos
2018-04-24 16:20
yes, usability is still meh. And I assume it will yet take years until that actually changes.
stolzlos
2018-04-24 16:27
alright, BNB should break 15 today. Next is then 25 which won't be a tough nut. Then new highs and this thing should take off like a rocket.
stolzlos
2018-04-24 16:29
EOS makes new highs at 19. I could kick myself for throwing the position away. I am such an idiot.
stolzlos
2018-04-24 16:39
15 is history
harvie
2018-04-25 02:53
People have too much money (or credit), Hopefully I can sell at the top this time :smile:
stolzlos
2018-04-25 10:52
I was already wondering where the first pullback is. Found it!
stolzlos
2018-04-25 11:13
If BNB closes below 14 today I will scrap my position.
stolzlos
2018-04-26 00:18
out, damn it. Hoped for more. Got only crumbs.
stolzlos
2018-04-26 00:25
I may kick myself in a few hours but I closed out everything. back to cash.
stolzlos
2018-04-26 11:01
If this turns out to be a bull trap after all then it is the nastiest I have ever seen.
harvie
2018-04-27 04:02
This is why I don't like to trade and just periodically invest. I'd have no hair or money left :smile:
stolzlos
2018-04-27 04:13
i agree in regard to the hair :wink:
stolzlos
2018-04-27 10:28
well, this is bullish. No denying that.
stolzlos
2018-04-27 10:28
reporting hair loss
stolzlos
2018-04-28 04:40
This is why I actually hate trying to buy early into a trend change. Lots of pros say that being early is what makes you look smart.
stolzlos
2018-04-28 04:40
No it isn't. Its the opposite.
stolzlos
2018-04-28 04:41
You are faced with a situation where buyers start to overcome sellers by the numbers but it is not a completed process.
stolzlos
2018-04-28 04:45
You have lack of momentum and lots of deceptive moves. And that means reduced profit potential, increased loss potential and risk of getting stopped out.
stolzlos
2018-04-28 04:47
Where is the point in that?
stolzlos
2018-04-28 04:50
If you start trading way after the move has been established you have all the upside and little of the downside.
stolzlos
2018-04-28 04:51
just ranting.
stolzlos
2018-05-02 17:42
several coins prepare for breaking through horizontal resistance. Will be pretty bullish (if/when) it happens.
stolzlos
2018-05-02 17:42
@stolzlos uploaded a file: https://freedomsurfer.slack.com/files/U5W3QJU4W/FAH4J0L7M/image.png
stolzlos
2018-05-02 17:43
@stolzlos uploaded a file: https://freedomsurfer.slack.com/files/U5W3QJU4W/FAJ4BDK4N/image.png
stolzlos
2018-05-02 17:44
The best chart.Why? Very close to new highs, idling around in this area for nearly a year now.
stolzlos
2018-05-02 17:50
The breakout fail forced it into neutrality. It did not break down though which is good. The increased idling time only makes it stronger. I don't know when it starts rising but if it does it will be one monster trade.
stolzlos
2018-05-05 05:30
coins getting ready for a big move higher
harvie
2018-05-05 07:02
:money_mouth_face:
bifton1
2018-05-05 07:37
has joined #invest-crypto
stolzlos
2018-05-09 10:17
A lot of relentless selling. Should be over very soon.
stolzlos
2018-05-09 10:18
Strong coins like EOS suffered almost no damage, yet.
stolzlos
2018-05-09 10:19
Still above breakout point.
aka
2018-05-09 14:08
you should start a daily twitter or something
aka
2018-05-09 14:08
market watch by stolzlos
stolzlos
2018-05-09 18:46
haha, thanks but no thanks
stolzlos
2018-05-09 18:47
I only like commenting among and being commented on by people who have skin in the game.
stolzlos
2018-05-09 18:48
no need to be called out when you are wrong because if you are, you are punished enough
stolzlos
2018-05-09 18:49
not really possible on twitter, unfortunately
stolzlos
2018-05-09 18:52
BNB recovering well today. To be noted that after the failed breakout it did not make a new low. Very good. Lets hope it will settle down, like EOS.
stolzlos
2018-05-10 07:49
we are through the short squeeze phase and (I assume) the first seller bombing raid and things are looking pretty damn bullish.
stolzlos
2018-05-10 07:52
If we start breaking higher then this will turn into a true bullmarket.
aka
2018-05-10 10:10
how about on steem it?
stolzlos
2018-05-11 07:25
Well, breakout. Wrong direction. Damn it.
stolzlos
2018-05-11 08:52
As of now, my outlook is invalidated. Lets see how this day develops.
ggiampieri
2018-05-11 10:44
It happens and that's what robotraders do best. No fear and no emotions
stolzlos
2018-05-11 11:02
man, that drop took its pound of flesh from my profits. 35% gone in less than 12 hours. That hurt. I am out, waiting now for more clarity.
stolzlos
2018-05-11 11:05
there is a good chance we rally back further up but I had my fill.
stolzlos
2018-05-11 11:41
Green line breaks => Bulls win. Red line breaks => Bulls screwed. Cheering for the green!
danz
2018-05-11 19:15
Will be green soon after the Upbit fud is done
stolzlos
2018-05-14 11:12
@aka thanks. That is extremely valuable!
danz
2018-05-14 13:15
Nice, but it doesn?t really seem correct I believe
stolzlos
2018-05-14 15:43
yes, I confirm that there is quite some discrepancy. Nevertheless, it is still very helpful to identify the strong coins with very little effort.
stolzlos
2018-05-15 13:48
Except ZEC, not much happening. Waiting for the next move down.
stolzlos
2018-05-16 19:30
BTC trendline support is at 6850. I see nothing bullish atm so I expect that we get down there and test it.
stolzlos
2018-05-17 18:34
pretty close to the next move down
stolzlos
2018-05-18 14:24
BNB outperforms. The strength is still there. Unfortunately it is impossible (at least for me) to make money with this kind of behavior.
stolzlos
2018-05-18 14:26
I am quite sure that it will come back down all the way and lower alongside with ZEC.
stolzlos
2018-05-20 18:20
the coin that broke out first (afaik) in the last wave starting 10th April. Selling off but in a good way. Resistance at around 2$ is well defined. Not perfectly horizontal but good enough.
ibbyazam
2018-05-21 09:46
has joined #invest-crypto
freedom
2018-05-22 11:49
has joined #invest-crypto
stolzlos
2018-05-23 08:57
trendline support at 750$.
aka
2018-05-23 09:25
all stuff is falling apart
aka
2018-05-23 09:25
nothing much happening yet, some rumours of OTC trading
aka
2018-05-23 09:25
and theregister (uk) started accepting XLM for micro payments
aka
2018-05-23 09:25
for some books
stolzlos
2018-05-23 09:31
well, coins are going to turn up again but the way things look that may take a while.
stolzlos
2018-05-23 09:33
what did you hear about OTC? I noticed that you can trade now ETC via symbol *ETCG*.
aka
2018-05-23 09:37
some guy, from australia or so
aka
2018-05-23 09:38
saying that he had orders in the amount of 300m coming through over the counter for btc buys
aka
2018-05-23 09:38
but might just be hype
stolzlos
2018-05-23 09:42
ah, I see. Crypto exchange OTC.
aka
2018-05-23 09:43
no, just someone buying off the exchange
aka
2018-05-23 09:44
otc
stolzlos
2018-05-23 09:55
I would not be surprised since every hedge fund in the world is suddenly turning into a crypto hedge fund.
aka
2018-05-23 15:49
a few are trying to get an edge on it
aka
2018-05-23 15:49
but mostly with icos and private sales and what not
aka
2018-05-23 15:50
but thats the same with investments going into startups
stolzlos
2018-05-24 02:06
looking back on this last wave from April I can say that I learned at least one thing. When the strongest setup fails, *get out and wait*.
stolzlos
2018-05-24 02:08
BNB had by far the strongest setup of all coins. Its breakout was a foregone conclusion to me. That it failed shocked me and I should have stayed that way. The urge to make money kept me going and I gave away a big chunk in the end. *Selling* is a skill. *Staying put* is another.
stolzlos
2018-05-24 02:25
BNB now retraced that recent spike and will get hit even more if it fails below 12. Lots of people got trapped in that spike and they will want to get out when they noticed that they got tricked by the pros who unloaded like 100mil$ on them that day.
stolzlos
2018-05-24 02:26
I have a feeling though that it will eventually come back but that is going to take at least a month or two.
stolzlos
2018-05-24 06:47
there should be some small bounce but testing the trendline @6850 seems to be unavoidable.
stolzlos
2018-05-24 06:52
not that I want to cause some fud here but longs should know that even the stupidest hedge fund manager is able to see that massive and well defined support line. If that breaks then I assume that they will start dumping like there is no tomorrow.
stolzlos
2018-05-26 00:28
breakout, completely missed that one
stolzlos
2018-05-26 10:54
new resistance line. Breaking that would alleviate the situation. This trendline is found in lots of coins.
stolzlos
2018-05-28 07:17
looks like we hit support on BTC today or tomorrow.
stolzlos
2018-05-28 07:19
ZEC now retraced the entire move. I wonder how much money the Winkelvoss guys got for leaking the information early so that some of their hedgefund buddies around the world had a chance to get out of a position that was not too favorable for them.
stolzlos
2018-05-28 07:21
or was it just themselves they had to save? Who knows.
stolzlos
2018-05-29 02:53
I have begun to look for the next rally. Some coins started resisting the selloff. A good sign. I will post some charts later.
stolzlos
2018-05-29 11:33
well, that went quick! But this is not the rally I am looking for. This is just a squeeze. Trendlines are tested though. I think this needs to settle first before evaluating if this has any meaning.
stolzlos
2018-05-29 11:36
rising amidst the carnage and breaking out today. Not a solid base but nevertheless the best trade out there. Regrettably, I could not pull the trigger. If somebody owns it, keep it.
stolzlos
2018-05-29 11:53
ignore today's price action. The blue line is what really counts.
stolzlos
2018-05-30 05:37
CMT is about to fail. BNB replay? If yes, this time I will heed my own advice.
stolzlos
2018-05-30 05:39
I also checked crypto stocks which have the habit of being ahead days or even weeks. Only neutral or slightly bearish. Overstock looks like it is about to get overrun by a bus.
stolzlos
2018-05-31 00:39
CMT failed. Expecting the downtrend across coins to continue.
aka
2018-05-31 12:13
go bnb
stolzlos
2018-05-31 14:12
yeah. BNB continues to be strong. As long as it does not crack below 11.50 it remains one of my favorite picks for the next rally.
stolzlos
2018-06-01 07:02
more coins are breaking downtrend lines. This should be bullish but it still feels off. Except a few coins like GNT and IOTA I just can't feel the excitement on the buyer side. Maybe I am just a chicken.
stolzlos
2018-06-01 07:06
about to break?
stolzlos
2018-06-01 07:08
if that breaks with power I will get a bit more motivated.
stolzlos
2018-06-02 05:41
few more breaks like ELF, LSK, OMG but the excitement is still not there. If this turns into a broader rally then I assume I won't be joining it. I see no place for me to board that train. At least for now.
burrup.lambert
2018-06-02 17:39
@stolzlos, do you trade cryptos full time? Trade anything else?
stolzlos
2018-06-02 23:37
@burrup.lambert No full time. I am just a swing trader and so I only get a shot every 1 or 2 months in cryptos.
stolzlos
2018-06-02 23:41
I also trade normal stocks. Mainly US. In particular OTC. Anything that has high vol. For example Marihuana stocks.
stolzlos
2018-06-04 01:13
I said that the blue line is all that matters. I take that back. Feeble reaction on falling volume. In common with lots of the other breaks.
stolzlos
2018-06-04 06:39
BTC breakout failed. I would say that we saw the highs of this mini rally. CMT and another handful leading the way.
aka
2018-06-06 14:19
go bnb
fish
2018-06-06 14:42
I go BNB
danz
2018-06-06 14:52
Shit, I just needed to buy a few hundred more BNB to get better commissions there. Bad timing..
fish
2018-06-06 15:06
I sold :smile:
fish
2018-06-06 15:08
BNB is the only coin that has utility use for me and more reliable than most ICOs. Holding the min req for having the commission lowered is not such a bad idea.
stolzlos
2018-06-06 19:26
Its great that BNB is so strong. I just wish it would settle down.
stolzlos
2018-06-07 03:42
this is not my market. Coins are all over the place.
stolzlos
2018-06-07 03:43
BNB closed above 20 Jan highs with volume which is pretty bullish
fish
2018-06-07 10:15
Binanace is actively promoting it. But unlike the everyday pump they give incentive on keeping it.
stolzlos
2018-06-07 11:07
yes, I think it has a bright future
stolzlos
2018-06-07 17:32
looking forward to seeing how this current situation plays out. I have a hard time remembering a situation where coins were drifting around ignoring trendlines left and right this much.
stolzlos
2018-06-07 17:32
Personally I think cryptos will resume to go down but that may just be because I don't own BNB and feel pretty stupid about that :wink:
fish
2018-06-07 18:43
There is no way of knowing where BNB is going in the short run but I believe (and have my money on) that BTC will break above 20k and all alts will have a new ATH.
fish
2018-06-07 18:44
There is a small price discovery spot at 5k that BTC miiiiight just touch
fish
2018-06-07 18:45
I hope to be around and have available fiat laying around when this happens because it could be the last time BTC is in the 4 digit space
fish
2018-06-07 18:46
Next stop the moon :rocket: :full_moon:
fish
2018-06-07 18:46
And of course the upside down fishbowl :crystal_ball:
stolzlos
2018-06-08 10:35
watching CMT getting creamed, still leading
stolzlos
2018-06-08 11:05
I am no friend of shorting but that chart is one of the best setups on the short side I have ever seen. 110 is key.
fish
2018-06-09 05:59
DATA was listed on Binance and made some interesting short term moves
fish
2018-06-09 06:01
It looks like its changing direction and climbing up to 155 (DATA/BTC) but I'm not confident enough to put money on it
stolzlos
2018-06-09 08:36
@fish thanks for the info. It retested that near perfect horizontal resistance around 0.147$. A strong setup. A break above is all you need.
stolzlos
2018-06-10 06:25
Support at 6700. That *must* hold.
stolzlos
2018-06-10 06:29
I am expecting it to finally break yet will look for clues for an April replay.
stolzlos
2018-06-10 06:29
The next week is absolutely crucial.
stolzlos
2018-06-10 06:31
On a break my target will be 3000$ which corresponds to a 85% drop from the high.
stolzlos
2018-06-10 06:32
From the 2013 peak we saw a bit more than that.
stolzlos
2018-06-10 08:17
just noticed that 6700$ is incorrect. Support is 7000$.
2018-06-10 08:18
A file was commented on
stolzlos
2018-06-10 17:37
sub 7000$. Total mayhem.
stolzlos
2018-06-10 17:47
lots of alts broke their support trendlines. Even if there is a bounce today, the damage is done.
stolzlos
2018-06-10 17:50
as I mentioned before, hedge funds knew the trendline. Now they are trying to get out, trampling everything.
fish
2018-06-10 18:12
BTC ignores everything and does what ever the fuck it wants. My buy went under. Like good old times :smile:
fish
2018-06-10 18:14
The bounce should be interesting
fish
2018-06-11 01:04
Can we rename #bitcoin to #Crypto?
stolzlos
2018-06-11 03:31
lets keep #bitcoin. I just created #crypto
stolzlos
2018-06-11 03:36
the close is in. Volume confirmed the price action. BTC officially broke.
fish
2018-06-11 06:18
Now panic to 5k?
fish
2018-06-11 06:19
Also why do we have both #bitcoin and #crypto? two channels focusing on the same thing
stolzlos
2018-06-11 07:17
i also think that the next stop is 5k. There it may linger for some weeks before it continues further down
stolzlos
2018-06-11 07:22
i will post altcoin stuff in #crypto. BTC stuff i will post here.
fish
2018-06-11 08:16
> i will post altcoin stuff in #crypto. BTC stuff i will post here.
This is spreading the chat to thin. Its not a singnal slack where we would have to filter the calls
fish
2018-06-11 08:17
Its either here or there. I'll stay here I for popularity reasons I guess
fish
2018-06-11 08:17
I think that after 5k it could be a sharp turn up.
stolzlos
2018-06-11 08:38
well, yes. recently there is no so much activity here. just don't want to spam the ppl who are only interested in BTC.
fish
2018-06-11 08:38
Its only you and me pal
stolzlos
2018-06-11 08:39
with you on 5k. hope we get some nice setups!
stolzlos
2018-06-11 08:40
yeah, bear markets are no fun. ppl go into hiding, understandably.
fish
2018-06-11 09:05
I miss the "if bitcoins isn't 30k by the end of the year I cut my own balls!" tweets
stolzlos
2018-06-11 10:41
those were the good times
stolzlos
2018-06-11 10:43
we will see them again but weathering the next phase of this bearmarket comes first
stolzlos
2018-06-11 10:45
btw, the last took 13 months from high to low
stolzlos
2018-06-11 10:46
incidentally starting in dec, like this time
stolzlos
2018-06-11 10:47
thus jan 2019 is a potential bottom
aka
2018-06-11 12:32
im okay with your spam
stolzlos
2018-06-11 16:25
@aka thanks
aka
2018-06-11 16:25
bitcoin dies in silence
stolzlos
2018-06-11 16:27
It will come back. And it will make new highs. The only bad news is that it may take a bit longer than we all hope.
stolzlos
2018-06-11 16:28
btw, noticed how BNB won't buckle. What a power house.
stolzlos
2018-06-11 16:30
If it manages to stay above 11.50 you know where to put all your money when this market turns north.
stolzlos
2018-06-12 08:21
ETC is doing a ZEC. Will come back, no doubt.
stolzlos
2018-06-12 20:52
I was sure that it would get destroyed. It broke out! Not sure what to make of this.
fish
2018-06-12 23:44
I got some BNB. I wish I would get more of it become unlike the alts it only goes up.
fish
2018-06-12 23:45
Note that BNB also have coin burn in form of fees we pay that are leaving rotation. On the other hand it might backfire of Binance decide to dump
stolzlos
2018-06-13 10:22
ETC already retraced the entire move. Volume was historic record. Lots of pain coming for ETC longs.
stolzlos
2018-06-13 16:36
BTC march lows got taken out. BCH on trendline support.
stolzlos
2018-06-13 16:39
@stolzlos uploaded a file: https://freedomsurfer.slack.com/files/U5W3QJU4W/FB6V598RY/image.png
stolzlos
2018-06-14 16:22
the next break. Not as convincing as the last time but still.
stolzlos
2018-06-14 16:23
Overstock is up another 4.5%. The OSTK break seems to be real and confirmed by the action in BTSC.
stolzlos
2018-06-14 16:24
I think that cryptos will take one more stab lower before there will be a meaningful really. At least that is what I hope.
stolzlos
2018-06-14 16:26
My target for BTC is around 5400, *if* we drop further from here.
stolzlos
2018-06-14 16:36
Switching to cautious bull.
stolzlos
2018-06-15 12:29
Man, this is difficult ... that ETH news shook up charts a bit.
stolzlos
2018-06-15 12:30
A few crypto stocks pointing up. Coins (slightly) pointing down.
stolzlos
2018-06-15 12:31
my gut says down (final sting to kill some stops) but getting ready for looking pretty dumb.
stolzlos
2018-06-16 08:20
the main reason why I think cryptos have further to go. Target is around 70$. Then good rally. Then after some time further down to 35$.
stolzlos
2018-06-16 08:28
same thing. Target is 82$. Then a good rally. Then we will see.
stolzlos
2018-06-17 14:24
next move down is pretty imminent. coins look quite bad.
stolzlos
2018-06-17 14:27
BNB strength is scary. It might really go absolutely bonkers if the crypto market tanks.
stolzlos
2018-06-17 14:28
wish I had some ....
fish
2018-06-18 07:37
I sold some BNBs at what seemed an obvious top but then it went even higher
stolzlos
2018-06-18 08:18
That thing is the biggest anomaly in crypto right now. Who knows what will happen. You made money. Nothing else matters.
fish
2018-06-18 08:29
It owes us a massive pullback
stolzlos
2018-06-18 08:43
As of now, it looks damn bullish to me.
stolzlos
2018-06-18 08:45
But there is nowhere to get in without risking a lot of money. Standing back and waiting for a chance.
stolzlos
2018-06-18 16:02
the next break. Not pretty but still valid.
stolzlos
2018-06-18 16:04
with BTSC and OSTK still holding above their breakout points this would (has to) mean that I am wrong on coins.
stolzlos
2018-06-18 16:07
last time BTSC was one week faster than coins. This leaves me, theoretically, 2 more days.
stolzlos
2018-06-18 16:43
took only 30 minutes :expressionless:
stolzlos
2018-06-18 17:02
rechecked everything. Lets see where we close.
stolzlos
2018-06-19 15:59
there are a few coin breakouts but generally on low vol and most look like they turn into reversals.
stolzlos
2018-06-19 16:00
ETC and ZEC, for example, are making quite convincing moves but they are among a few exceptions.
stolzlos
2018-06-19 16:01
I don't see a good way to trade any of this so I will stand back and, if necessary, miss out.
fish
2018-06-19 18:03
The grind down seem to have stopped for now
stolzlos
2018-06-19 18:25
it seems so. But this market is damn tricky. My gut still tells me we continue down but it is a close call. Difficult to make money in a bear market.
stolzlos
2018-06-19 18:25
I long for the days when you picked up, a coin, any coin, waited a week or a month and made a bundle ...
aka
2018-06-20 09:46
yep
aka
2018-06-20 09:48
since january, my tracker fund of every alt, versus btc, is 90% down on binance and bittrex
stolzlos
2018-06-20 16:46
more breakouts without the "break". again this drifting around ...
stolzlos
2018-06-20 16:46
ETC is impressive though.
maxsuur
2018-06-20 18:40
Looking for a Bitcoin-based debit card since Bitwala was put out of the market a while ago. Any recommendations for a EU resident?
maxsuur
2018-06-20 18:40
Thanks
stolzlos
2018-06-21 05:50
More breaks, more nothing.
danz
2018-06-21 15:57
@maxsuur, I don?t think there are any good options left. I had the Tenx card which worked fine before, but their license got revoked and they are now in the process of receiving a new license. Hopefully they will launch it eoy.
stolzlos
2018-06-21 16:02
mentioned blockchain stocks (BTSC, BTLFF, OSTK) that broke trendlines cracking lower today. There is not much strength. No followup buyers.
stolzlos
2018-06-21 16:04
will monitor for a possible recovery
maxsuur
2018-06-21 17:10
thanks @danz I've heard of AdvCash
danz
2018-06-21 17:12
Never heard of them. They seem to offer much more than just crypto though.
stolzlos
2018-06-21 17:32
Overstock down 6.5% on the day. Chances are high that the breakout is a failure.
stolzlos
2018-06-22 03:47
new lows for lots of coins. Down it is.
stolzlos
2018-06-22 07:47
That went fast.
aka
2018-06-22 11:00
another day, another 5% down
stolzlos
2018-06-22 11:01
5K here we come
stolzlos
2018-06-22 15:46
OSTK below breakout level, failed. The other stocks that broke out are about to fail. This was just a fake move.
stolzlos
2018-06-22 15:46
same for coins
stolzlos
2018-06-22 15:47
which makes the next move down worse because it was very tough to see through and thus a lot of people got trapped and they add to the gravity on the way down.
stolzlos
2018-06-23 06:07
BTC cracked 6000 overnight. It beat the Feb low. This is therefore the lowest price year to date.
stolzlos
2018-06-24 06:58
the fall of EOS is impressive. Everybody*s darling, now a hot potato. Locking accounts via central authority does not seem to be a viable strategy for a supposedly decentralized payment system.
stolzlos
2018-06-24 07:06
volatility is a great tool to find spots where the market has completely cleared. It is the only indicator I use.
stolzlos
2018-06-25 17:23
hammer candles all over the place but volume was in most cases, including BTC, not impressive.
stolzlos
2018-06-25 17:26
no good setups either. Nothing to do here but wait.
stolzlos
2018-06-25 17:28
Overstock -9% and the others not look very sexy either.
stolzlos
2018-06-26 16:49
several coins hit this level and bounced. Nevertheless the way the trendline was hit is just sluggish and the resulting bounce is weak. My guess, it won't hold for long.
stolzlos
2018-06-26 16:52
the blue trendline must break in order for the next rally to begin. Break it will but I have no clue where and when.
stolzlos
2018-06-26 16:53
nothing to do except to wait and observe.
pedrodemendez
2018-06-27 06:13
anyone have this doc?
stolzlos
2018-06-27 08:04
some coins are already making new lows
stolzlos
2018-06-27 08:23
I expect that my LTC target at 70$ won't hold. Btw, LTCs previous 2013 high was ~48.5$.
stolzlos
2018-06-27 10:30
its not all bad. here is a breakout. There are other coins holding up. You can make a case for a possible reversal.
stolzlos
2018-06-27 17:02
MCO looks really genuine. I cannot say why but I am turning bullish on the crypto market. Expecting more breaks. Starting to look for a good setup.
stolzlos
2018-06-27 17:07
this setup is bearish. It *should* break down.I believe (expect, hope) that it will break out. If it does, it will do so pretty strongly. And that would mean quite a massive rally for coins.
harvie
2018-06-28 04:22
This is a great time to accumulate crypto assets and hodl for the long term (years). I don't trade short-term and have slowly been buying at these levels while keeping my total investment in crypto at about 5-8% net worth and will keep on buying periodically. Might need to wait 2 years to a ROI but I have nothing but time.
harvie
2018-06-28 04:23
Short-term I expect this to carry on and get worse.
stolzlos
2018-06-28 18:51
this market is extremely mixed right now with few coins going up, few down and most looking for direction.
stolzlos
2018-06-28 18:52
What I find incredibly interesting is that coins like DASH, OMG which broke critical horizontal support lines are not cracking lower even though they have clearly broken through.
stolzlos
2018-06-28 18:53
they are suspended just below support.
stolzlos
2018-06-28 18:55
it feels to me that we have run out of sellers for the time being.
stolzlos
2018-06-28 18:58
the problem is that even if this turns into an opportunity most coins are so beaten up that you don't even want to touch them with a stick. It would be great if coins just hang around here a week or two consolidating before making a move in either direction.
stolzlos
2018-06-28 19:04
the same thing happened to ETH before the April rally. I expected a total breakdown. The opposite happened.
stolzlos
2018-06-28 19:08
lets hope this is a replay
stolzlos
2018-06-29 05:40
Looks like I am wrong
stolzlos
2018-06-29 12:04
Yesterday, AMB and REP looked like they break out. Both failed. MANA looked strong. Broke down. No replay then.
harvie
2018-06-29 12:49
I have a feeling we'll be going sideways between 4-8k for the rest of the year
danz
2018-06-29 12:52
@danz uploaded a file: https://freedomsurfer.slack.com/files/U3R4G0KPF/FBFL8HYG0/atla_bnw_6-26.pdf
danz
2018-06-29 12:52
Cliff?s latest report if anyone is interested, can?t make much sense of it
stolzlos
2018-06-29 12:57
Isn't this just some auto-generated text? Is it helpful?
danz
2018-06-29 12:59
No, he comes up with a report once in a while, based on his algorithm he has a patent on
stolzlos
2018-06-29 12:59
I see. Thanks
stolzlos
2018-06-29 19:41
unrealistic? not anymore.
stolzlos
2018-06-30 06:24
DASH and OMG above support. Replay after all?
stolzlos
2018-06-30 06:25
AMP broke again out. MCO strong.
stolzlos
2018-06-30 06:28
BCY, CLAMS breakout. Also REP is back above resistance.
stolzlos
2018-06-30 06:29
it feels like the market tries to turn. But as of now charts are a mess. Nothing that I would be able trade.
stolzlos
2018-06-30 11:04
DASH broke out and is still holding above the trendline. Depending on how the day ends I would stick my neck out and say that the low (for most coins) is in.
mcdonald.ben
2018-07-01 18:36
@mcdonald.ben has left the channel
stolzlos
2018-07-02 04:09
several new breakouts. I would call the low here.
stolzlos
2018-07-02 04:12
I don't expect a huge rally right away. I think there is going to be some settling first. I have a hard time finding a coin that is in good shape.
stolzlos
2018-07-02 13:33
BTC breakout
stolzlos
2018-07-02 13:39
I won't trade any of this. Too much volatility. Charts don't look good.
ivo
2018-07-02 14:49
I bought BTC at 5890, SL 5400 TP 8200
stolzlos
2018-07-02 15:22
@ivo amazing trade! Congrats!
stolzlos
2018-07-02 15:23
its a bit early but 8200 could be possible. Resistance wise it is.
ivo
2018-07-02 15:29
Let's see. This is literally my last support line on that I see on the monthly chart
stolzlos
2018-07-02 15:31
i confirm what you are seeing. I did not trade it though because I feared with the lack of volume and volatility we might fall right through. Guess I just chickened out again ....
stolzlos
2018-07-02 16:41
It is very premature but looking through all coins ZRX clearly stands out. Strength and chartwise. It has, in my opinion, the best shot at new highs.
stolzlos
2018-07-02 16:43
BNB is *distance-wise to new highs* no1 but price action is inconclusive so I will ignore it until something changes.
stolzlos
2018-07-03 15:06
Failed breakdown - Bullish
stolzlos
2018-07-05 11:06
Strength very selective. Still just watching.
stolzlos
2018-07-05 18:46
there is so far no good setup
stolzlos
2018-07-05 18:46
but this (possibly final) shakeout will provide some clarity over the next few days
stolzlos
2018-07-05 18:48
there is of course a chance that I am wrong on my low call
stolzlos
2018-07-05 18:51
if coins don't start to settle and form good setups.
stolzlos
2018-07-05 18:52
One way or another, it should become visible shortly
stolzlos
2018-07-09 16:55
so far, big nothing
roman
2018-07-09 17:12
@roman has left the channel
stolzlos
2018-07-10 11:38
Does not look promising, unfortunately
ivo
2018-07-10 15:20
I think it doesn't look too bad. At least BTC. We could fall till 6100 and still have a decent long setup - and a great entry. And though we're still in an intraday short, a decisive break of the 6400 changes the trend for me on an intraday basis.
stolzlos
2018-07-10 16:13
I just don't like how most alts look like. There is nothing constructive that would indicate a bigger rally as of now. And yes, BTC looks decent still as long as it does not retest lows. Need to wait a few more days it seems.
stolzlos
2018-07-12 15:24
most coins still look pretty beaten up but there is a group of strong ones that do not yield to the downward pressure.
stolzlos
2018-07-12 15:25
I actually started buying
stolzlos
2018-07-12 15:26
but I will keep my finger on the sell button and get out as soon as I smell trouble
ivo
2018-07-12 17:40
It touched 6100 earlier today and then started to fly. Good sign! We are still in short though: Need to break out of 6235. That confirms a change in tren for me.
ivo
2018-07-12 17:45
ivo
2018-07-12 17:45
here's my chart
stolzlos
2018-07-12 17:50
I can see what you mean. Lets hope it works out!
stolzlos
2018-07-12 17:52
If coins settle down around these levels and we see some serious trend changes we might actually get a pretty powerful rally.
stolzlos
2018-07-12 17:54
Assuming that we do get a rally
stolzlos
2018-07-12 17:54
I have a feeling that BTC will actually surprise a lot of people who thought it is dead.
stolzlos
2018-07-12 17:56
as I see it its in ok (not stellar) shape and should do well.
maxsuur
2018-07-12 20:36
@maxsuur has left the channel
stolzlos
2018-07-13 08:07
So far so good
ivo
2018-07-13 08:19
Biting myself now, that I didn't place a Limit a 6100. It bounced so quick, had no time to react upon it. And I hate to buy into momentum if I missed my entry. This move is still in early days and people naturally have pretty weak hands here. But that 12% drop from last weeks high should give us the fuel to rally into 7k.
stolzlos
2018-07-13 08:30
At least 7K. I actually think we can make it back to 10K.
stolzlos
2018-07-13 08:31
Over a couple of weeks of course
stolzlos
2018-07-13 08:32
There should be plenty of opportunity to get in
stolzlos
2018-07-13 08:33
And as you surely know, sometimes higher is cheaper, riskwise
stolzlos
2018-07-13 12:50
basically broke out (on low volume though) after its failed breakdown.
stolzlos
2018-07-13 12:55
another blockchain tech company. Ignored it until now.
stolzlos
2018-07-14 05:37
stellar performance on ZRX yesterday. It remains as my number one pick.
stolzlos
2018-07-16 10:48
Chances for a rally in the near future are very high
stolzlos
2018-07-16 10:48
Unfortunately charts are a mess
stolzlos
2018-07-16 10:50
Still hoping for more clarity
stolzlos
2018-07-16 17:04
blockchain stocks have yet to show some significant strength. In all advances up to this one they were always at least week early. Is this time different?
stolzlos
2018-07-16 17:05
A lot of heavyweight coins like BTC, BCH, ETH, DASH have broken today their trendlines visibly.
stolzlos
2018-07-16 17:07
But I have a feeling that the real rally won't start right away.
ivo
2018-07-16 20:23
@stolzlos If you still have any doubts, now is the time to get out
stolzlos
2018-07-17 03:42
there is always a good chance that I am wrong. I just cannot imagine the market go off like a rocket after it has been beaten down like this. I would expect some consolidation or more bottoming process.
stolzlos
2018-07-17 03:45
With my style I have a hard time getting into these markets. I have what I do and I ain't cover. But its only a 1/3 position ...
stolzlos
2018-07-17 15:40
well, looks like I am wrong on timing. That train wants to get going. Damn.
stolzlos
2018-07-17 16:01
7000 and the downtrend is broken. Very likely imo.
stolzlos
2018-07-17 16:18
More Crypto stocks are finally breaking their downtrends. Looking good.
stolzlos
2018-07-17 16:21
Monster horizontal resistance at ~40$. I think it is just a matter of time. When that breaks we are going to have quite a rally in the entire crypto space.
stolzlos
2018-07-17 17:56
you got to be kidding me!!!!!!!
stolzlos
2018-07-17 18:00
what the hell was that!?!?!?
stolzlos
2018-07-17 18:10
OSTK smashed through horizontal resistance. Mayhem.
stolzlos
2018-07-17 20:07
if anybody was looking for a confirmation that a bullmarket is about to start, you got it today. its on.
otkeedca
2018-07-20 12:57
@otkeedca has left the channel
ivo
2018-07-23 16:02
Interesting position for BTC here. If we break today's lows, I expect to squeeze longs. Otherwise we'll just go straight up from here.
But if this chatroom is any indication of sentiment and since folks are still leaving it, that makes me slightly bullish in the short-term. :wink:
Wouldn't buy now though, unless you have no problems accepting at least 10-20% downside.
stolzlos
2018-07-24 15:57
Well, not much to do anymore. We basically nailed the bottom.
stolzlos
2018-07-24 15:58
Many coins are still in completing their bottoming process and the alt rally is yet to begin.
stolzlos
2018-07-24 16:01
Blockchain stocks have begun to smash higher with OSTK lagging but it will follow.
stolzlos
2018-07-24 16:03
With BTC being the first mover among the majors I assume that lots of alt holders will and are converting to BTC which is possibly the main reason why alts are held back at these $ levels. That will stop in due time after the weak hands complete capitulating into BTC.
ivo
2018-07-25 10:44
We've reached my targets from 3 weeks earlier at 8200. I'm currently trailing long setups to search for a partial exit. Longs fail for me at 8130 which I think we'll hit shortly. I'll close at least 30% of my position there. I agree we're in longs, but after a nearly 50% rally we're also in FOMO territory - which makes us vulnerable for pullbacks.
stolzlos
2018-07-25 17:00
congrats
stolzlos
2018-07-25 17:04
Hoping for a good pullback. There is no better tool to inspect the health of the move. I don't expect any dramatic move from here out though.
ivo
2018-07-25 17:05
longs broke
ivo
2018-07-25 17:06
I'm thinking to short this market with an entry at 8253.
stolzlos
2018-07-25 17:08
well, always depends on your timeframe. Short term (<2 weeks), why not?
stolzlos
2018-07-25 17:09
the move that I see is more like 6 to 10 weeks
stolzlos
2018-07-25 17:09
before it ends on the long side
stolzlos
2018-07-25 17:10
at least that is what I am betting on. I may be wrong, you right. We will see :wink:
ivo
2018-07-25 17:11
Oh, short will be just a few days. Hedging the remainder of my position.
ivo
2018-07-25 17:12
I'll be more than happy if I'm wrong. Just losing on some additional gains
ivo
2018-07-25 17:15
I doubt this is the end of the move yet. But if BTC wants to be a real asset with a natural price discovery, then it needs healthy pullbacks.
stolzlos
2018-07-25 17:19
I have a strong feeling that there won't be too much excitement among retail and (too early) institutionals because they got quite bombed out. So, yes. Healthy pullbacks is what I expect.
ivo
2018-07-25 17:19
I think I've said that to you before and I believe my statement is still true: BTC's flow is so thin, you could call japanese government bonds liquid in comparsion to that. This is not a real market yet and I don't know if it will ever become one. Most of the coins are just lying around somewhere and hinder real price discovery. BTC price could go anywhere and it wouldnt have to do anything with fundamentals
stolzlos
2018-07-25 17:20
you are right. But you know what, that drives volatility and that ain't a bad thing :wink:
ivo
2018-07-25 17:20
Yup
ivo
2018-07-25 17:20
That's why I'm staying away of making any calls and do what you like: trade technicals
stolzlos
2018-07-25 17:23
Sometimes I watch CNBC commentary on BTC just for the heck of it. Love it when they try to argue fundamentals on crypto. It seldom works on stocks (100+years asset class) how the heck should it work then in crypto?
ivo
2018-07-25 17:26
yep, must feel bad when they're outsmarted by a college dropout. but that's why some underlying market dynamics never change
kuka
2018-07-26 14:15
has joined #invest-crypto
ivo
2018-07-27 06:57
We've reached my first support area overnight. May start a recovery here of a few percentage points, but I don't think we've seen the end of this countertrend yet. I'm aiming at least for 7600- 7450.
stolzlos
2018-07-27 11:11
i agree. There is more downside.
stolzlos
2018-07-27 11:15
I actually started worrying because there is dominant horizontal resistance which is found in many alts and they all fail to either break or stay above.
stolzlos
2018-07-27 13:05
well, I just scrapped my position. Not my market. No edge.
stolzlos
2018-07-27 13:07
it looked so promising .... damn
ivo
2018-07-27 14:01
I'm 100% hedged
stolzlos
2018-07-29 07:40
I expect the next big move including alts within the next few days. I still think the direction will be up. I am prepared to be wrong.
stolzlos
2018-07-31 10:28
Coins are breaking support left and right. Means I am wrong.
ivo
2018-08-01 08:48
Closed my hedge this morning at 7505. Might be a bit early still but nothing wrong with a little relief rally at this point.
stolzlos
2018-08-01 17:17
this is going to be one of my more expensive trading mistakes ....
stolzlos
2018-08-01 17:17
started so well, went wrong along the way
stolzlos
2018-08-01 17:18
experience ain't cheap
stolzlos
2018-08-02 14:17
That was really really expensive .....
ivo
2018-08-05 15:17
Just bought some BTC at 6925 SL: 6860 TP: 7190
stolzlos
2018-08-06 03:54
I assume I will stay out for some time. All my charts are broken. No swing opportunity left. More downside coming.
ivo
2018-08-08 09:02
Another day, another try :smile: Entry: 6440 First Target:6590, If we break 6620, there's upside potential to 6800. But it's a long way until I see another opportunity on the daily chart.
stolzlos
2018-08-08 09:14
I am open to and keep watch for positive developments. But if things stay and unfold as they are I expect close to nothing before end of October.
stolzlos
2018-08-08 16:55
on days like these I am reminded of how important it is to recognize, admit and act when you are wrong
fish
2018-08-10 10:21
Alts arent doing to well either
stolzlos
2018-08-10 11:43
I have a handful of coins that I would still consider in good shape. BNB, ZRX, STR, BTS, BAT.
stolzlos
2018-08-10 11:45
I hope that they defy gravity but fear though that they won't. I have no read on the market anymore otherwise. This mess needs to clear up.
fish
2018-08-11 01:04
Interesting I missed some of those coins. Still volatile and seem to be immune to this slow downwards grind
stolzlos
2018-08-11 12:56
in the list you find the coins which have, as today, meaningful volume and made their top in 2017/12 or 2018/01. It is sorted by how much they fell or need to make to claim new highs.
stolzlos
2018-08-11 17:02
BNB took out 11.50$. Nowhere to hide ...
fish
2018-08-11 18:49
How do you use that list
stolzlos
2018-08-11 20:03
Me personally I use this list to have a clear understanding of what is worth investing in based on what is in demand and what not since the top at the end of last year.
stolzlos
2018-08-11 20:04
Generally speaking everything beyond 500% I ignore. When I buy I want to buy the strongest coins which are the ones closest to making new highs.
stolzlos
2018-08-11 20:07
These generally offer the best move with the highest probability of success and the least risk on the downside due to their strong upward bias.
fish
2018-08-12 10:38
Whats your say on XVG?
stolzlos
2018-08-12 11:11
on my list it is at place 55. It is obviously weak and just following the current trend.
stolzlos
2018-08-12 11:13
Can it rally when we have the next upwave? Sure. But it will have lots of headwind because of all the people who hold and want to get out if there is a rally.
stolzlos
2018-08-12 11:16
That is why chances of new highs are diminished.
stolzlos
2018-08-12 11:17
And that is also the reason why any investment that makes new highs keeps on ripping because there are no sellers (holders) waiting to get out. There are only buyers (and people trying to short and getting creamed).
fish
2018-08-12 11:50
I see you're a form believer in FOMO
fish
2018-08-12 11:50
I like your angle on the ATH tho. I was stuck looking only onto coins that ended up grinding somehow
fish
2018-08-12 11:51
Feels like the more active coins of the last bull run are suffering now, whereas, some of the weaker coins remain unaffected by the grind
fish
2018-08-12 11:51
:thinking_face:
fish
2018-08-12 11:52
*makes a hmmmm sound*
stolzlos
2018-08-12 12:33
I like your expression 'grinding'. Grinding can actually be a powerful money machine but you got to be patient. Let me tell you a true story about one of my early and most probably painful investment errors due to lack of knowledge.
stolzlos
2018-08-12 12:33
LTCUSD
stolzlos
2018-08-12 12:36
I bought about 4000 LTC for an average price of 1.7$ starting in May 2015. I did so by dumb luck because I thought a downtrend broken must mean something good. I was right partly. Price shot up to 8.5$ within weeks. I thought I would be rich in no time! Then price collapsed and I could not sell because I believed price would come back.
stolzlos
2018-08-12 12:38
Then the *'grinding'* began and because there was some rally from time to time I held on. Unfortunately in Autumn 2016 BTC started its famous comeback and LTC was left in the dust doing nothing.
stolzlos
2018-08-12 12:39
By the end of the year I had given up and sold LTC for BTC around 4.1$ or so.
stolzlos
2018-08-12 12:40
The grind ended end of March and LTC shot up to ultimately 360$. The grind took nearly 1.5 years ...
stolzlos
2018-08-12 12:42
In short, I am a grind fan! I will never make that mistake ever again for now I know what the grind actually means.
fish
2018-08-12 14:13
First of all - nice profit. Secondly I don't see selling as a mistake in this case as you had no way of knowing that crypto was going to moon, it may have dived or resumed the grind as far as we knew. At this point (back then) holding basically any known coin would lead to profits.
stolzlos
2018-08-13 17:09
time to put the seatbelt on
burrup.lambert
2018-08-14 07:55
Any profit is a good profit. Better to have 10 percent of something than 100 percent of nothing.
stolzlos
2018-08-14 15:25
well, no arguing that.
stolzlos
2018-08-14 15:25
But to quote Livermore "They say you never go broke taking profits. No, you don?t. But neither do you grow rich taking a four-point profit in a bull market."
stolzlos
2018-08-14 15:27
which I personally interpret as, if you play the game, make it count. I did not. On the other hand, I got a valuable lesson. But at least for once, I did not have to pay. Normally I have to pay a lot.
stolzlos
2018-08-14 15:35
Support is coming up. Dash 115$. Monero 60$. ETH 200$.
stolzlos
2018-08-14 15:36
Strongest coin, STR/XLM. That thing just does not want to go down.
stolzlos
2018-08-14 15:46
STR/XLM - Uptrend still intact as long as the blue support is not broken.
fish
2018-08-15 11:28
XLM is on a crossroad and I will be spectating
stolzlos
2018-08-17 11:07
BTSC, the best crypto stock (chartwise) about to fail
stolzlos
2018-08-17 11:08
BTL another stock which I posted here and had great hopes has already broken through. There is no good news.
stolzlos
2018-08-17 11:10
Imho, the current rally is nothing but a correction which will be followed by much lower prices. See my comment above regarding a few support levels.
stolzlos
2018-08-22 18:00
treacherous reversal today. That breakout today did look enticing but most of the alts talked a different game. The next leg down should be close.
stolzlos
2018-08-22 18:11
My current expectation/hope is that we reach the next (intermediary) bottom in less than 2 weeks. Since the last bottom could not produce any meaningful rally chances have risen imo that the next bottom may produce a bigger one.
stolzlos
2018-08-24 11:30
Breakout CMT on volume. Charts are otherwise unimpressive.
stolzlos
2018-08-24 18:57
LISK. Solid breakout. 6 months trendline break. Market turning?
stolzlos
2018-08-24 19:04
I have a hard time getting enthusiastic because charts are really beaten up and look more like down than up.
stolzlos
2018-08-24 19:26
after checking my charts I noticed two things.
stolzlos
2018-08-24 19:26
First, Lisk is the first coin to break its downtrend since it joined the bearmarket.
stolzlos
2018-08-24 19:29
Second, Steem Dollars have completed their deflation. Could it drop further? Sure, did so in the past but it also always came back.
stolzlos
2018-08-25 17:39
SUB, 3.5 months trendline breakout
stolzlos
2018-08-25 17:43
well, this is positive. No denying that. Now lets see if some good setups develop.
stolzlos
2018-08-25 17:44
In June/July I did not see a single good setup. I traded anyway and got punched pretty hard.
stolzlos
2018-08-25 17:54
Coins (that I am watching) that did not make new lows in August and managed to keep their uptrends. XLM/STR, ZRX, ZEN, LINK.
stolzlos
2018-08-25 17:54
XLM/STR, ZRX, ZEN relatively close to their all time highs.
stolzlos
2018-08-26 17:30
I see some good action here. I am starting to get my hopes up.
stolzlos
2018-08-27 17:12
more breakouts. BNB trying to recover 11.5$.
stolzlos
2018-08-27 17:14
I just hope that we start to settle for a few days.
stolzlos
2018-08-28 08:39
DGB, Another strong coin. In uptrend since April. A break above 0.051$ is all this coin needs.
stolzlos
2018-08-28 15:47
well, this starts to look better by the day. I see blockchain stocks breaking out or getting ready to. Could this be the real deal?
stolzlos
2018-08-29 08:41
back being a bull until proven otherwise.
stolzlos
2018-08-30 08:22
STR/XLM: Bear flag? Rising triangle? *"If"* we break to the upside we will smash through the green downtrend resistance. If we do the opposite, well, nothing changes.
stolzlos
2018-08-30 08:27
This triangle is also visible in BNB, ZRX and other coins. Plus we have bear market trendline breaks (LISK, etc.).
stolzlos
2018-09-01 11:11
Dash: Breaking its bearmarket downtrend. It is not the only one.
stolzlos
2018-09-01 11:17
This does not make a new bullmarket but it indicates that the long term trend of the crypto market in general is finally turning.
stolzlos
2018-09-01 11:17
And that should make a lot of the long term players here quite happy
stolzlos
2018-09-01 11:19
Short term is still limbo.
ledrewy
2018-09-01 14:32
has joined #invest-crypto
stolzlos
2018-09-03 04:04
the current situation is the best that I have seen since the bearmarket started.
stolzlos
2018-09-03 04:04
Some coins like XRP have formed great setups and might continue for days getting even better.
stolzlos
2018-09-03 04:06
Does that mean that an upside break is guaranteed? No. Only the chance for it is higher.
stolzlos
2018-09-03 04:09
But the setups indicate that it will be an extended move. Waiting for the break.
stolzlos
2018-09-04 15:34
as much as I hope this is real, crypto stocks have yet to react.
stolzlos
2018-09-04 15:35
that is a real concern at this point
stolzlos
2018-09-05 20:12
Today's action was not pretty. Great chance for a breakout today but there are still not enough buyers and still too many sellers ....
stolzlos
2018-09-05 20:12
hard to believe. ETH even made new lows. This game ain't no fun.
stolzlos
2018-09-05 20:17
Obviously more time necessary. Back to waiting.
stolzlos
2018-09-08 07:28
well, again back to no good news
stolzlos
2018-09-08 07:29
ZRX and XLM (which I considered among the strongest coins) have basically lost their uptrend and don't look good here.
stolzlos
2018-09-08 07:32
I also don't expect my target of ETH 200 to hold anymore. At this point, I have no idea how far it could fall.
stolzlos
2018-09-08 07:45
The fact remains though that several coins cracked their downtrends. While quite worthless in the shortrun it does mean that the market is turning. We are closer to the end than to the beginning.
stolzlos
2018-09-11 16:45
nothing but gravity. I don't see anything constructive except the incredible breakout of Dogecoin and its resilience to come back down.
stolzlos
2018-09-11 16:46
The only good thing about this decline is that the next upmove will become more and more powerful the further we fall.
stolzlos
2018-09-11 16:49
People who lost money on the long side (nobrainer) and finally threw in the money now learned that everybody is making money on the short side (bubble burst, nobrainer).
stolzlos
2018-09-11 16:50
Especially if you see coins like bitcoin diamond drop 90% in a single day.
stolzlos
2018-09-11 16:52
easiest money in the world, until the day comes and we finally get a sustained rally.
stolzlos
2018-09-14 11:08
BTCUSD: Breaking green would be good. Breaking red bad. Since I am back being a bear until I see another opportunity I expect that BTC will break and touch 5K which is solid support.
stolzlos
2018-09-15 14:26
stolzlos
2018-09-17 16:21
XLM/STR looks like its about to get annihilated. This market knows no mercy. Hope I am wrong.
stolzlos
2018-09-17 16:23
BTC final (because near horizontal) support @5900.
stolzlos
2018-09-17 16:36
First major bearmarket, altcoin performance
stolzlos
2018-09-17 16:38
Some perspective on the first bearmarket which had some altcoins.
stolzlos
2018-09-17 16:39
Basically you could say that they dropped at least 97.5%. Or simpler said, they were divided by at least 40.
stolzlos
2018-09-20 17:13
Ripple breaking its downtrend. Market is sloooooooooooooooooooooowly turning.
stolzlos
2018-09-20 17:18
Coins (and stocks) don't look very good at this point, especially BTC but a turn can come any time.
stolzlos
2018-09-21 15:35
As much as I am happy about the move in Ripple, I would not be surprised if it closes red on the day. Imho, that move will set it back for quite some time.
stolzlos
2018-09-22 19:51
XLM/STR: No breakdown.
stolzlos
2018-09-22 19:57
Coins continue to break their bearmarket trends. This *is* significant.
stolzlos
2018-09-25 16:31
STR/XLM: The best setup (by far) out there.
stolzlos
2018-09-25 16:35
ZRX did not make it and BNB not looking very exciting here, unfortunately.
stolzlos
2018-09-27 14:09
coins continue to break their bear market trendlines. APPC, BCH, EVX, FUN, INS, LINK, OST, TRIG, VIBE.
stolzlos
2018-09-27 14:11
but besides XLM, there is not much that gets me excited.
stolzlos
2018-09-29 15:08
ENJ: And they keep coming.
stolzlos
2018-09-29 15:13
The broad market is still without much of a direction or good setups. Inconclusive. More time necessary.
stolzlos
2018-10-02 04:05
coins overall settled much. Vol collapsed. the next move should be pretty close. But I am not really excited. I don't see anything that sticks out.
stolzlos
2018-10-03 05:48
fish
2018-10-04 23:20
US sucks
fish
2018-10-05 00:06
US aside, does it feel like the markets are reversing its trend upwards?
stolzlos
2018-10-05 11:13
alts popping one after another is a clear turning sign
stolzlos
2018-10-05 11:13
but the overall downtrend is still unbroken
stolzlos
2018-10-05 11:18
GVT is already flying but still the exception. The rest will eventually come around.
stolzlos
2018-10-05 14:00
Vol still collapsing. Volatility of many coins dropped down to levels of 2017 march and earlier around the time when the main rally started.
stolzlos
2018-10-05 14:02
This should turn into quite a move. Which direction, I have absolutely no clue. Just watching.
stolzlos
2018-10-05 14:06
younger coins like BNB, IOTA, EOS etc. are at historic lows. Just incredible....
fish
2018-10-05 14:56
BTC somehow has higher volumes that when it was mooning into eternity
skat
2018-10-06 04:31
Probably due to amount of trades. Most of currencies are tied through bitcoin
stolzlos
2018-10-07 06:57
Volatility died, back to 2016
nemo
2018-10-07 23:31
has joined #invest-crypto
stolzlos
2018-10-09 16:34
What is it going to be? Up or down?
stolzlos
2018-10-09 16:36
I don't see a single chart that looks attractive to me. Waiting on the sidelines for a decision.
fish
2018-10-09 16:44
MDA looks interesting, or was up until an hour ago
stolzlos
2018-10-09 16:53
great for a daytrader
fish
2018-10-09 16:56
Binance will Delist BCN, CHAT, ICN, TRIG. Be warned
stolzlos
2018-10-09 16:57
thanks, good to know
stolzlos
2018-10-11 03:20
looks like we have a decision. Now this is going to get extremely interesting.
stolzlos
2018-10-11 03:59
6K won't hold. The question is, will 5K hold?
fish
2018-10-12 00:51
ETA 2 weeks
stolzlos
2018-10-12 09:35
Quite likely
stolzlos
2018-10-15 06:23
Impressive spike. I am not swayed.
stolzlos
2018-10-15 07:10
Tether is the bp
stolzlos
2018-10-15 07:10
Problem
stolzlos
2018-10-15 09:02
Tether trades @6% discount to the $
stolzlos
2018-10-15 10:36
Anybody thought about what would happen to the crypto world if USDT were to blow up?
burrup.lambert
2018-10-15 11:12
Its the same as a central bank, permission to print and print unlimited currency. Both options stink but I stick to the devil I know, USD.
stolzlos
2018-10-15 11:42
Good point. To use your cb analogy, that could actually mean that people may see 100k, even 1mil per BTC.
stolzlos
2018-10-15 11:42
Unfortunately not $ but $T.
stolzlos
2018-10-15 11:43
What a fine year end that would make
stolzlos
2018-10-15 11:43
Imagine the chaos.....
stolzlos
2018-10-15 11:48
Btw, it is not just $T but also Bitfinex. $ on Bitfinex trade at the same discount against real $ pairs on other exchanges like itbit or bitstamp. Just scary.
fish
2018-10-15 12:37
Woah there... USDT arbitrage?
stolzlos
2018-10-15 13:59
Yes. Now guess when it was the last time that we saw diverging BTC prices between liquid exchanges on the downside.
stolzlos
2018-10-15 16:10
Relation of worth of one *"real"* dollar between Bitfinex and Bitstamp/itBit. The chart of USDTUSD on Kraken is basically identical.
stolzlos
2018-10-15 16:11
This happened before. It might resolve itself. It may not. I won't be hanging around. Man, that day was expensive ...
stolzlos
2018-10-15 17:03
BTCUSD: Mtgox / Bitstamp (the last days) as reference.
fish
2018-10-15 18:32
I don't know what to do with this
fish
2018-10-15 18:32
Do you?
stolzlos
2018-10-15 18:36
well, if you own USDT or have $ on Bitfinex it is important to keep an eye on this. It may be just a blimp. If they continue to slide then this is serious.
stolzlos
2018-10-15 18:37
I lost money on MtGox when it went under. Maybe I am just paranoid.
stolzlos
2018-10-17 17:28
so far nothing big happened but the discount of a little bit less than 5% on Tether (and Bitfinex USD) remains.
stolzlos
2018-10-17 17:31
Further, the divergence among coins in setup and price action is strong. No unity. I remain on the sidelines.
stolzlos
2018-10-17 17:32
This time in real dollars....
fish
2018-10-17 18:12
IMO its not over yet, 2 weeks counter still in place
stolzlos
2018-10-17 18:16
fully agree. The whole market feels really creepy.
stolzlos
2018-10-21 07:57
its so quiet that it is disturbing
stolzlos
2018-10-21 07:57
the calm before the storm
stolzlos
2018-10-21 07:59
bullish charts, maybe one
stolzlos
2018-10-21 07:59
bearish charts, many
stolzlos
2018-10-21 08:00
and with the US stock market as the last man standing globally about to follow its peers south I wonder how much chance the crypto market has to stage a rally
stolzlos
2018-10-21 08:02
Of course I don't know what will happen for certain but this is a time to watch closely.
stolzlos
2018-10-21 08:03
You don't get so many of these market situations (chances to learn, understand) in a lifetime, literally.
fish
2018-10-21 08:45
This is what I like, when people feel the depression and are giving up one by one, selling their coins at a low price to save losses and damage control. This is what the whales are waiting for to fire the start shot
fish
2018-10-21 22:20
RVN is unstoppable
simon
2018-10-22 14:43
@simon has renamed the channel from "bitcoin" to "cryptocurrency"
matt077
2018-10-22 19:07
has joined #invest-crypto
roman
2018-10-22 23:23
has joined #invest-crypto
bryanlum888
2018-10-23 01:19
has joined #invest-crypto
michael
2018-10-23 14:03
has joined #invest-crypto
stolzlos
2018-10-23 14:16
They just won't break.
stolzlos
2018-10-23 14:19
which means if they do break then the fall will be that much harder.
stolzlos
2018-10-23 14:20
which means that the crypto market needs a miracle and that very soon, best would be today
fish
2018-10-23 23:54
If BTC breaks they are A LOT of stop loses down below and once their triggered its a snow slide to god knows how low.
stolzlos
2018-10-24 05:29
exactly what I see. And not only in BTC but a lot of coins. Cryptos have built an army of stops here at near horizontal (high density) resistance. The market must rally hard and get away from there.
stolzlos
2018-10-24 08:01
The bull case. STR/XLM (priced in real USD, *not* USDT). Outstanding setup.
stolzlos
2018-10-25 16:31
This is unbelievable
stolzlos
2018-10-25 16:32
BTCUSD 10 day volatility now the lowest since September 2011!
stolzlos
2018-10-25 16:34
Possibly further but Bitstamp did not trade earlier
stolzlos
2018-10-25 16:40
whatever the next move, it is going to be pretty violent
stolzlos
2018-10-26 10:34
BCHUSD: How much longer?
stolzlos
2018-10-27 13:39
BCHUSD: Not only volatility, now also liquidity just evaporated. Chart below is volume displayed logarithmic to see the historic relation. Just incredible. How do you sell if there is nobody to sell to?
stolzlos
2018-10-27 13:43
How many people / managers are sitting right now in front of their screens, sweating blood, having no clue how to get out of their big positions and simply hope (more likely pray) that the drop in vol and volume precedes a move up, not down? And what if they are wrong?
stolzlos
2018-10-27 13:44
I have never seen anything like this but I will make sure that I see it unfold in real time when it happens.
fish
2018-10-27 14:43
Must be the end... it always is
danz
2018-10-27 15:21
It?s strange that it is not even moving a bit after all the news past week
stolzlos
2018-10-27 16:23
Strange indeed. It looks like that interest for the whole space just fell of a cliff. I have a hard time believing that this is the case. This does not make any sense anymore.
fish
2018-10-27 23:48
Alts are popping 100%s spikes
skat
2018-10-28 04:24
Oh, wait.... Free market has speculations? [Sarcasm] totally unexpected [\sarcasm]
fish
2018-10-28 12:14
You get a syntax error for incorrectly closing the sarcasm tag :man-shrugging:
danz
2018-10-28 16:12
I am pretty sure they all do it often, as it?s so easy for them with their following
fish
2018-10-28 16:40
At this point its a good thing, without them the market would be boring.
stolzlos
2018-10-29 11:38
Is it starting?
stolzlos
2018-10-29 12:38
:slightly_smiling_face:
stolzlos
2018-10-29 12:43
We have a long way down from here.
fish
2018-10-29 13:31
oh wow an almost 3% move I'm impressed :stuck_out_tongue:
stolzlos
2018-10-29 14:05
Give it a bit more time :wink:
fish
2018-10-29 14:24
Yes @stolzlos please give it a bit more time for the alts I bought to be sold before we go again
stolzlos
2018-10-29 14:48
Don't shoot the messenger. I didn't cause the dump :wink:
stolzlos
2018-10-29 14:50
There is always a chance I am wrong. Wait until the close. If we get back up, I am wrong.
fish
2018-10-29 14:56
Does "the close" really matter?
stolzlos
2018-10-29 15:05
In my opinion, yes. But confirm it yourself.
fish
2018-10-29 15:21
Looks like its trying to break up
fish
2018-10-29 15:35
Sort term support has the bigger orders but it changes really fast with BTC
stolzlos
2018-11-01 15:57
the lack of followup is something to consider. But as long as the situation does not change for the better, or worse, there ain't doing much here.
stolzlos
2018-11-01 16:02
ETCUSD: If that chart were flipped on its head I would be buying hand over fist. This market remains on knifes edge for there are a many coins looking very similar all with a lot of nothing below.
fish
2018-11-01 20:23
Looks like another Bart to me
stolzlos
2018-11-11 09:01
STR/XLM: This remains the best setup out there.
stolzlos
2018-11-13 04:50
Bitfinex seems to have raised withdrawal fees to 3%. Tether coming under pressure again.
stolzlos
2018-11-13 14:57
Cryptos continue dancing on a cliff.
stolzlos
2018-11-13 14:58
Even though STR is a good setup and there are mini breakouts, buyers are not serious.
stolzlos
2018-11-14 18:28
smash time, on huge volume
stolzlos
2018-11-14 18:29
Tether not looking good either. Feels like it is about to go dodo.
stolzlos
2018-11-14 18:30
Beware of Tether exchanges.
stolzlos
2018-11-14 18:32
Better to keep coins in personal wallets. Something is going to blow up.
stolzlos
2018-11-14 19:39
6K gone, 5K fast approaching. But with this kind of move there is "no way" it will hold.
stolzlos
2018-11-14 19:40
we settled too long for just 20%. 5K will bounce but get cracked pretty swiftly I assume.
stolzlos
2018-11-14 19:40
First real and likely holding support is 3K.
stolzlos
2018-11-14 19:42
Alts are going to get blown to pieces.
kuka
2018-11-15 19:08
Where?s the bottom do you think?
michael
2018-11-16 03:45
the billion dollar question @kuka :stuck_out_tongue:
stolzlos
2018-11-16 12:21
nothing to add :wink:
kuka
2018-11-16 21:23
Yea, we?ll see I guess
stolzlos
2018-11-17 08:57
*BTC, The case for 3K (and not 5K)*
- clean 3 touch support
- 85% drop (basically matches the 87% drop in the previous bearmarket)
- just a very round and obvious number
stolzlos
2018-11-17 18:10
stolzlos
2018-11-17 18:12
Every ICO (and coin) that had US investors may face extinction. Which means, beware of ICO coins.
stolzlos
2018-11-18 15:47
whoever gives that guy money, deserves to lose it.
burrup.lambert
2018-11-19 04:59
My prediction, maybe further drop off (4k) before starting next bull run to 12k. No time frame.
stolzlos
2018-11-19 15:57
STR / XRP weathering the (shit)storm
stolzlos
2018-11-19 17:09
5K cracked
danz
2018-11-19 17:11
That went fast
stolzlos
2018-11-19 17:14
Well, that the 6K level held for so long caused that a lot of leverage was built up by people who hoped for the other direction. All of that is now liquidating, involuntary. That is the reason for the speed.
stolzlos
2018-11-19 18:33
Nowhere to hide (Monero)
stolzlos
2018-11-19 18:43
Flippening, the other way.
Would it not be ironic if the most centralized coin come out on top? Not because it is better but because people suddenly believe that a "regulated coin" (excluding stable coins) is better than a free market alternative which inherently carries risk?
stolzlos
2018-11-19 18:44
I can already see what the *3rd* bearmarket will be all about ...
fish
2018-11-20 00:26
Exciting movement, is it not?
stolzlos
2018-11-20 05:03
I cannot believe it. Hammered into the close below 4800!
stolzlos
2018-11-20 05:05
That I certainly did not expect. Which means that the move is more powerful than I thought.
stolzlos
2018-11-20 05:06
Exciting indeed. I just hope that people here got out of dodge in time.
skat
2018-11-20 06:31
So your saying there is no chance for recovery?))
skat
2018-11-20 06:31
I'm still holding a lot of etheriums
skat
2018-11-20 06:31
But I already cashed out, so I'm not that worried about it
skat
2018-11-20 06:31
I can sit on them for years
stolzlos
2018-11-20 06:36
Cryptos will certainly recover and we will have another bullmarket like the last.
stolzlos
2018-11-20 06:38
But that may indeed take years. Like last time.
fish
2018-11-20 11:22
The lack of volume is disturbing me. I assume the whales are lowering the price to accumulate coins at a great price but there is almost no more plankton remaining and it slices through the price like butter
stolzlos
2018-11-20 16:59
looks like cryptos found the first intermediary bottom
stolzlos
2018-11-20 19:43
Stellar still strong but that support must hold. A close below and its game over (horizontal breaks are bad, see BTC).
stolzlos
2018-11-20 20:26
that was a very short lived (not at all) intermediary bottom
stolzlos
2018-11-20 20:28
Tether breaking again
stolzlos
2018-11-20 20:29
how much longer until Bitfinex collapses?
stolzlos
2018-11-21 06:36
XRP: It would be stunning if Ripple can hold that support until BTC drops to 3K. I don't think it is likely but *it is possible*. After Stellar, Ripple is now the second best opportunity on the long side.
stolzlos
2018-11-21 06:38
both share the same code base afaik. I wonder what makes them so special. Somebody knows?
stolzlos
2018-11-21 07:19
stolzlos
2018-11-21 08:05
in case somebody missed it.
fish
2018-11-22 01:00
Who was the guy that said he would slice his balls of if BTC isn't 50k till end of the year?
fish
2018-11-22 01:02
Oh yeah here it is
stolzlos
2018-11-22 17:13
well, not sure if I will want to watch that :wink:
stolzlos
2018-11-22 17:15
there is no sign of buyers rushing in. Only a temporary stop.
stolzlos
2018-11-22 17:21
I am quite sure that people had enough of FUD but I have got to show that chart. We broke through the longterm uptrend ...
When looking at that chart, does my call for 3K not look awfully conservative? It is not unthinkable that we retest the old highs of 2013.
stolzlos
2018-11-22 17:22
for all I know we could hit 3000 by the end of next week
fish
2018-11-22 20:44
No way to tell. I'm playing only short positions on the 1m chart
skat
2018-11-23 09:35
Bitcoin launches 40% Black Friday discount
stolzlos
2018-11-23 12:20
lol
stolzlos
2018-11-24 18:24
Stellar: As good as broken through. There is no demand. I assume Ripple won't be much behind.
stolzlos
2018-11-24 21:45
smash time
stolzlos
2018-11-24 21:45
it is interesting that Tether is now moving in sync with cryptos.
stolzlos
2018-11-26 18:08
Well, cryptos are now a broken market, unfortunately.
stolzlos
2018-11-26 18:11
I don't have much hope that this will resolve itself in just a few months absent some extreme event.
stolzlos
2018-11-26 18:13
Lawsuits, lots of coins and tokens that will vanish
stolzlos
2018-11-26 18:13
Tether and Bitfinex blowing up
stolzlos
2018-11-26 18:13
There is still lots of bad news in the pipeline
ivo
2018-11-26 18:14
just went long BTC @3668 SL 3400 TP 5660 :wink:
stolzlos
2018-11-26 18:14
a daytraders market
stolzlos
2018-11-26 18:14
I ain't have no balls for that :wink:
stolzlos
2018-11-26 18:15
glad if you can make money
ivo
2018-11-26 18:16
so far yes - though I'm starting to wet my pants in regards to Bitfinex
stolzlos
2018-11-26 18:17
u still a customer? if yes, well, balls :wink:
ivo
2018-11-26 18:17
I've made a good chunk trading the spread there in the last weeks. But now I can't get it out
stolzlos
2018-11-26 18:17
shit, really? Sending BTC not possible?
ivo
2018-11-26 18:17
Oh I am sure it is
ivo
2018-11-26 18:18
But I've comitted to the trade, gotta trade it to the end now
ivo
2018-11-26 18:18
closed my spread trades already but I missed the opportunity to send the coins when the spread was low.
stolzlos
2018-11-26 18:19
I see. Well, just watch your six and keep an eye on Tether on Kraken.
ivo
2018-11-26 18:19
daily routine :wink:
stolzlos
2018-11-26 18:20
Tether for @ivo
stolzlos
2018-11-26 18:20
ain't looking pretty
ivo
2018-11-26 18:21
nope
ivo
2018-11-26 18:22
But it's yesterday's news
ivo
2018-11-26 18:23
If the market catches a bid, the flow may narrow the window again
ivo
2018-11-26 18:23
if...
ivo
2018-11-26 18:24
I told you a few months ago - 5600 was the last support level imo. There is nothing underneath us - at least not according to my rules.
stolzlos
2018-11-26 18:24
yes, I remember. You were spot on. I was a bit more bullish then you.
stolzlos
2018-11-26 18:26
why do you do your trading on bitfinex? habit?
stolzlos
2018-11-26 18:27
Have been a customer myself for years.
ivo
2018-11-26 18:28
yes
ivo
2018-11-26 18:28
But its not my main acc
ivo
2018-11-26 18:29
just had a few k lying there and when I saw the spread shoot out between them and the rest of the market I just thought that I may as well use my funds for a leveraged spread bet
ivo
2018-11-26 18:29
had no idea what was going on as I don't read crypto news
ivo
2018-11-26 18:31
it worked really well but unfortunately I didn't convert my margin trade into coins and send them somewhere safer
stolzlos
2018-11-26 18:34
I think as long as tether stays above 0.90 it is ok.
stolzlos
2018-11-26 18:35
I want to see it live so I will be watching it real time when it falls apart. Not too many opportunities to do that. Won't let it slip by. Will post when it happens.
ivo
2018-11-26 18:37
hehe, I think you'll get a few more once that happens
stolzlos
2018-11-26 18:38
exchanges going under? possible.
stolzlos
2018-11-26 18:38
I mean the scary thing is really that US investors like to sue and if burned investors go after exchanges who knows what will happen.
ivo
2018-11-26 18:40
I certainly don't - Until then one can only look at charts and keep away from too much chatter
stolzlos
2018-11-26 18:41
agreed.
ivo
2018-11-26 18:42
as you may remember Fibs are the only charting tool I use
ivo
2018-11-26 18:42
last time we hit my support level [1], my target was [2]
ivo
2018-11-26 18:44
Usually I don't trade anything beyond that [2] support level, so I had to get a little more creative to keep the trend intact. With that in mind, if you keep moving on on the Fib sequnece, the next point would be [3]
ivo
2018-11-26 18:44
So my guess is where heading back to [1]
ivo
2018-11-26 18:45
Lol, I feel like an Elliott Waver now
stolzlos
2018-11-26 18:46
I don't know what [1] is in dollars but a bounce back to 5K is possible.
stolzlos
2018-11-26 18:48
well, but its more a level thing for me and honestly, not my style, so take it with a grain of salt
ivo
2018-11-26 18:49
Please, I hope you don't follow my advice
ivo
2018-11-26 18:49
It's hard enough for me to do it
stolzlos
2018-11-26 18:50
not that I don't value your viewpoint but I cannot follow your trading
ivo
2018-11-26 18:51
I've tried teaching so many and come to the conclusion only I can
stolzlos
2018-11-26 18:51
2 - 8 weeks Swing trader, Long only, and I go all in when the time is right
stolzlos
2018-11-26 18:51
only swinging for the fences
stolzlos
2018-11-26 18:51
that is the only thing that works for me
ivo
2018-11-26 18:53
fair enough
stolzlos
2018-11-26 18:54
I wish I could trade shorter timeframes. It just does not fit my personality.
ivo
2018-11-26 18:55
I wish I could use wider stops :wink:
stolzlos
2018-11-26 18:56
well, that is one of the benefits of my trading. I don't need em :wink:
stolzlos
2018-11-26 18:56
Either I am right or I am wrong. If I am wrong, I am out.
stolzlos
2018-11-26 18:58
Right meaning that I expect a breakout at a given time. If it does not materialize I scrap the position and look for the next trade.
stolzlos
2018-11-26 18:59
One of the shittier downsides is that I may have to wait months for an opportunity ...
ivo
2018-11-26 19:00
Nobody has ever gone broke, sitting on the sidelines
stolzlos
2018-11-26 19:01
yes
stolzlos
2018-11-26 19:02
getting bored to death though ...
stolzlos
2018-11-26 19:03
but that is ok actually because it allows me to concentrate on my real job
ivo
2018-11-26 19:04
I've figured a while ago that comitting less time to trading boosts my performance
stolzlos
2018-11-26 19:07
same for me. And, in my case, I also know why.
stolzlos
2018-11-26 19:08
Because the longer I look the more trades I find where I manage to convince myself that I see something good even though there is only shit.
ivo
2018-11-26 19:08
Exactly
stolzlos
2018-11-26 19:08
I don't know how much money I blew this year to finally convince myself of that
stolzlos
2018-11-26 19:09
In the end every cent, even though lost, was well spent (lost)
stolzlos
2018-11-26 19:09
Something everybody trying this game must figure out I assume
stolzlos
2018-11-26 19:10
Especially "after" you found your own personal strategy. We all start pushing it and then a bit too far. You got to pay the piper to realize all of that.
stolzlos
2018-11-26 19:10
Fascinating
ivo
2018-11-26 19:12
I've never met a consistently successful trader that hasn't blown his account
stolzlos
2018-11-26 19:18
A tough game, but a good one :wink:
stolzlos
2018-11-28 18:39
@ivo great call
ivo
2018-11-28 19:54
only 35% there - anything can happen :wink:
ivo
2018-11-28 19:55
What makes me happier now is that the BitFinex/Kraken spread is almost closed
ivo
2018-11-28 19:55
40$ difference only
ivo
2018-11-28 19:55
that's enough for me to close my spread trade
stolzlos
2018-11-30 12:12
EOS already new lows
stolzlos
2018-11-30 12:12
@ivo I realize why you do what I can't :wink:
stolzlos
2018-11-30 18:45
CMT: Somebody tried to sell 120K$ worth of CMT at the market. Found out there were no buyers. Gave them away basically for free. Somebody else got an early Xmas present.
stolzlos
2018-11-30 18:47
Lesson, never ever sell alts at the market. Limit order 10% below market would have been the better move.
ledrewy
2018-12-05 14:56
I have been using the http://Crypto.com Wallet & Card App to buy, sell, track and send crypto. It comes together with a no-annual-fee metal MCO Visa Card and some great perks like cashback and airport lounge access.
Download the app and sign up, it's super easy. You can use my referral link https://platinum.crypto.com/r/uk3v7d1n83 with my referral code: UK3V7D1N83
ledrewy
2018-12-05 14:58
The Indigo card requires about $1500 and comes with Lounge access
burrup.lambert
2018-12-06 00:18
Stage 1 complete, now to wait for the bulls :smile:.
stolzlos
2018-12-06 12:14
well, we are in for a short squeeze eventually but 12K?
stolzlos
2018-12-06 12:16
that we will see 3K before is a given imo.
stolzlos
2018-12-06 12:18
but lets see what will happen.
stolzlos
2018-12-07 13:42
BCH below 100, ETH below 80.
stolzlos
2018-12-07 13:44
Anybody remembers when we joked in March that ETH "might" go down to 400? Good old days ...
stolzlos
2018-12-07 18:28
EOS, just getting crushed. This is too steep. There is going to be a massive squeeze back up.
stolzlos
2018-12-09 09:31
I will cautiously say that there might be a chance in BCH SV developing
stolzlos
2018-12-09 09:32
A drop below 80$ would invalidate the setup
stolzlos
2018-12-09 09:32
still early
roman
2018-12-09 13:57
@roman has left the channel
stolzlos
2018-12-11 12:50
setup as good as failed
fish
2018-12-12 21:11
@ledrewy The card looks interesting. Unlimited lounge access?
ledrewy
2018-12-12 23:30
400 lounges world wide, typically 3 hours limit per visit. No sure about the number of times
fish
2018-12-13 16:05
All youve gotta do is hodl 600 USD worth of CMO for 6 months?
fish
2018-12-13 16:05
@ledrewy
ledrewy
2018-12-13 22:45
Depending on which card you want to get. A Royal Indigo is 500 MCO (approx. $890 now). Yes, @fish hodl for 6 mths
ledrewy
2018-12-13 22:46
Not all cards have lounge access
fish
2018-12-13 22:53
Looks like the fees and the chargebacks almost cancel out each other and the lounge is a huge plus :+1:
ledrewy
2018-12-14 12:08
Glad you approve
stolzlos
2018-12-14 12:22
hard to believe but still no buyers.
stolzlos
2018-12-14 12:22
If BTC just drifts into the 3K I would not hold my breath for a bounce.
stolzlos
2018-12-14 12:23
Drift on the way down is always bad.
skat
2018-12-14 15:02
Surprisingly some of my friends in Singapore still actively buying. They even offer deals above current market rate, the only 'gotcha' in that deal - they buy your wallet completely.
stolzlos
2018-12-14 15:48
interesting. Any downside to that?
skat
2018-12-14 17:30
It?s basically trading under the radar (seems that a lot of projects follows biggest wallets to see all movements) ? and they might want to hide fact they are still buying.
stolzlos
2018-12-15 01:07
makes sense. Basically a form of OTC trading.
stolzlos
2018-12-15 01:08
But I cannot help think that there is a substantial risk to the seller.
stolzlos
2018-12-15 01:10
Imagine you have a wallet that can be pinned on you because of some KYC somewhere and you sell it and it is used for some crime. How do you prove that you are not involved? Just thinking out loud.
stolzlos
2018-12-17 14:53
Overstock now below its price when it announced to accept cryptos in Aug '17. Getting crushed with all the other retailers.
stolzlos
2018-12-17 14:54
Breaking major uptrend from 2012.
stolzlos
2018-12-18 00:00
finally a squeeze. If we go straight up all will come straight down, soon. If though price settles here for 2 to 4 weeks then this may turn into something more serious. Last bearmarket from top to bottom was 13 month. Incidentially Dec to Jan. Replay?
stolzlos
2018-12-18 00:02
But even if so, after the bearmarket it took nearly a year of settling before the next run could begin. No need to hurry.
info837
2018-12-18 10:28
has joined #invest-crypto
stolzlos
2018-12-20 00:57
well, there is a good chance that this rally is already over
stolzlos
2018-12-20 00:59
in case we retrace and don't settle (which I think is likely) then 3K won't hold.
stolzlos
2018-12-24 05:48
still just a squeeze
stolzlos
2018-12-25 07:47
squeeze has stopped. There is no clear cut setup as far as I can see but BCH SV is still intriguing since it recovered and added after dropping below 80$. Still too early though.
If anything develops then it needs at least another week.
stolzlos
2018-12-25 07:49
Blockchain companies are for the most part in freefall. No indication from that side yet either.
stolzlos
2018-12-27 10:09
Opened an account with http://paxos.com. Funded with USD via DBS for free. Able to fund via paxos any crypto exchange using PAX.
stolzlos
2018-12-27 10:11
Further itBit allows withdrawing USD as PAX at zero cost.
stolzlos
2018-12-27 10:14
Stablecoins are really turning into something. Nice.
stolzlos
2018-12-28 12:46
I don't say it will fly but if it does, I am a buyer.
stolzlos
2018-12-28 12:50
Two reasons:
1. Near horizontal resistance
2. ATH is 150$ which means that there is no selling pressure above. SV is not BCH. It is a new coin without trading history.
stolzlos
2018-12-28 12:50
Could go all dodo first of course but you never know.
stolzlos
2018-12-31 06:01
not much change yet, which is good because this could still turn into an opportunity. And proper settling increases the chance of a good break and extended rally
stolzlos
2018-12-31 06:02
Looking through Binance pairs I noticed REN which is fairly new. New is good because it has not been bashed and so there is no psychological baggage attached.
stolzlos
2018-12-31 06:05
"If" we get a rally and I don't know if that is going to happen, then it is wise to own some coins that can make new highs for those will be among the best if not the best performers.
stolzlos
2019-01-01 20:46
Update SV: Still looking good here
stolzlos
2019-01-01 20:48
the lack of bullishness in crypto stocks is something that keeps me on my toes.
stolzlos
2019-01-01 20:49
as long as there is no clear break through the line, anything can happen
stolzlos
2019-01-02 17:45
The crypto market still looks bullish in the near term. There is no affirmative action but that will come within the next few days I think.
stolzlos
2019-01-02 17:47
As bleak as things look I personally believe that eventually a bigger rally should be in the cards. This market has been bashed since it topped out one year ago. Every rally was just a squeeze and those got smaller and smaller and eventually the market broke the 6K level.
stolzlos
2019-01-02 17:48
There has not been a single serious rally driven on the long side. That rally is pretty overdue in my opinion.
stolzlos
2019-01-02 17:58
Well, it is situations like these when the market is totally bombed out and everybody demoralized that the biggest rallies come out of nowhere.
danz
2019-01-02 18:03
Let?s hope for that, been a while now:)
stolzlos
2019-01-02 18:08
indeed, lets make it count.
princevaliant
2019-01-03 11:57
I agree, after one year of lows a big rally would be a great gift for the new year
stolzlos
2019-01-03 20:10
BTCUSD: A few more days
stolzlos
2019-01-03 20:15
It neither looks bullish nor bearish to me. No read. Wait and watch it is.
stolzlos
2019-01-04 21:37
some strong and positive action in the crypto stocks.
stolzlos
2019-01-04 21:40
ETH and TRX look pretty strong. I hope that *if* they break out that they don't do it yet. More consolidation would be nice/necessary.
stolzlos
2019-01-06 07:43
A comparison: EOS Spring 2018 rally / BCH today
stolzlos
2019-01-06 07:45
Both are generally strong setups which can be well traded. But interestingly the BCH setup is much stronger than the EOS setup. This is a *long* driven setup.
stolzlos
2019-01-06 07:47
EOS back then was a mix between both which (in hindsight) does not provide the same results. Hence weaker.
stolzlos
2019-01-06 07:48
Well, for all that are still standing, here is your chance. We waited long enough....
stolzlos
2019-01-06 07:50
But as always, this is not guaranteed. Anything could happen. But this is a setup as clear as I have ever seen one.
stolzlos
2019-01-06 07:50
If it does break down and fails it will be as clear as day.
stolzlos
2019-01-06 17:24
BTC just broke out of its triangle. Showtime!
stolzlos
2019-01-07 14:42
BCHUSD: My money is on *up*. A hard break downwards and I am out.
carrabeanga
2019-01-08 05:34
has joined #invest-crypto
stolzlos
2019-01-09 11:25
BCH: Vol compression continuous. The next move is very close.
stolzlos
2019-01-09 11:26
BTC has a bullish setup and if breaking out it should smash through 4300 in on go.
stolzlos
2019-01-09 11:30
I am betting up but prepare to be disappointed.
stolzlos
2019-01-09 17:02
REN: 3 touch setup with near horizontal resistance. A break of that trendline is the buy signal.
stolzlos
2019-01-10 04:28
BCH (+SV): Still compressing. Risk/Reward getting better every day.
stolzlos
2019-01-10 04:31
Looking at charts it is obvious that most coins struggle with relentless selling but so far most held and Tron is just ignoring everything smashing higher. This is a market with a bullish tone but as long as there is no decisive breakout all of this could go void.
stolzlos
2019-01-10 06:37
There is the break. Wrong direction. Another disappointment.
stolzlos
2019-01-10 06:43
As of now trendlines are broken but it is still early.
stolzlos
2019-01-10 17:31
with no chance of recovery anymore today and a further drop in BTC it is clear now that the opportunity is void. Bear market will therefore continue.
stolzlos
2019-01-10 17:31
It was a really good chance/setup, a pity that it did not work out.
stolzlos
2019-01-12 17:12
XRP: I have a hard time believing that this trendline will hold. I expect at least a 50% drop if it breaks. And since this is the second largest coin now I suspect that the impact will be quite severe overall.
stolzlos
2019-01-12 17:22
I have no doubt that if Ripple breaks, BTC will crack 3K and do so without effort. As for a possible price target, no clue .....
carrabeanga
2019-01-13 06:37
How about a discussion of crypto friendly international banks?
I'm in Australia and can tell you that the big 4 (CBA, ANZ, NAB, Wetspac) will reject any crypto related transactions. Many people have had accounts closed, my Citibank account was forcibly closed after 2+ years of crypto transactions. They refused to give me any explanation of why they were closing the account.
I now use ING here in Australia, I spoke to a regional manager and he confirmed they will allow any crypto-related transactions as long as they conform to their regular criteria.
I'm interested to know if OCBC is crypto friendly? Ayone have experience here?
stolzlos
2019-01-14 08:37
@carrabeanga I have used DBS and UOB for deposit and withdrawal of funds from crypto exchanges. So far no problems.
nnmatveev
2019-01-14 16:30
has joined #invest-crypto
stolzlos
2019-01-18 08:21
no change for the better. I actually hoped that prices would come back to where they were before the break for such a dip would be an incredibly bullish sign but no such thing happened.
stolzlos
2019-01-18 08:21
As it stands, charts look bearish and the next move down is not that far off. I assume until the end of next week.
stolzlos
2019-01-18 08:26
It is unbelievable that we are in for more than a year and still have no counter rally. No mercy.
carrabeanga
2019-01-18 08:40
"if they cant scare you out, they'll wear you out"
carrabeanga
2019-01-18 08:41
bear markets a gift @stolzlos, accumulate
stolzlos
2019-01-18 08:43
I will ... at the bottom :wink:
stolzlos
2019-01-18 08:44
of course I won't be able to but I want to see the bottom at least.
carrabeanga
2019-01-19 06:13
you wont know its the bottom until a few months after, it was like that in 2015
carrabeanga
2019-01-19 06:13
@stolzlos thanks for the reply on SG banks :+1:
stolzlos
2019-01-19 09:13
From the last bottom in Jan 2015 I only fully realized in April 2016 that it was the bottom. It takes time indeed.
fish
2019-01-20 04:35
Alts are dancing
fish
2019-01-20 04:35
Fresh breeze in the market
stolzlos
2019-01-23 09:58
Bearishness has come back. With a few treacherous exceptions this market gets ready for the next big break ...
stolzlos
2019-01-26 15:53
Ripple: As good as gone
stolzlos
2019-01-26 15:55
I would have thought for cryptos to have already broken down. They are still clinging on but the situation looks pretty dire across the board.
stolzlos
2019-01-28 18:05
Ripple is through. Just a matter of time now before the market goes <100 bil. Cryptos in for another round of bashing.
thy
2019-02-03 14:33
has joined #invest-crypto
stolzlos
2019-02-04 04:50
no change as far as I can see. Market still bearish and Bitcoin getting ready to break 3K.
stolzlos
2019-02-04 04:51
Noteworthy maybe is Tether which is below par once more.
stolzlos
2019-02-08 05:20
BTCUSD: Possible levels
stolzlos
2019-02-08 05:23
BTC must break the green resistance to go back to neutral to give 3K a chance. I personally do not see it happen but lets see.
stolzlos
2019-02-08 05:23
1862 would be the next logical level but it is not really strong. Strong enough for a bounce though.
stolzlos
2019-02-08 05:24
and then there is 1200ish which is the 2013 high. If there is strong support then I suspect it is there.
stolzlos
2019-02-09 18:19
HOT: Potential setup
fish
2019-02-11 08:27
The behavior of BTC and many alts looked like money is leaving crypto. LTC is good for day trading and BNB is going wow
stolzlos
2019-02-11 20:14
it really is a mess. coins are all over the place. There is no unity which is really necessary for the entire sector to get into bull mode.
stolzlos
2019-02-11 20:16
BNB is really nice. I saw it at 3$ but the fact that it recovered the November smash is good news long term. There is a good chance that BNB saw its lows already in this cycle.
stolzlos
2019-02-12 18:16
some blockchain stocks are trying to break downtrends
stolzlos
2019-02-12 18:17
some cryptos that pushed higher last week are still holding nicely
stolzlos
2019-02-12 18:18
the fact that Ripple does not further break down after breaking that very important support is also noteworthy
stolzlos
2019-02-13 17:58
Ripple: The pattern says 'down' but you can always hope. There has got to be a rally somewhere!
stolzlos
2019-02-13 18:08
BTSC: Trying! But still inconclusive. A hard break through to 0.019 and on we go....
fish
2019-02-13 18:50
@stolzlos I don't see a good strategy except for trying to catch a breakout, and theyre getting smaller these days, on those charts above. Do you have a better approach that you're willing to discuss?
stolzlos
2019-02-13 19:33
I am willing! But I have nothing to offer except what you said, *a breakout*. The two charts above offer nothing though in terms of trading (at least to me).
stolzlos
2019-02-13 19:34
I posted the above to show a where we are right now. Limbo, bearish touch, possible trend change.
stolzlos
2019-02-13 19:36
The only approach for swing trading right now is to sit it out and out and out ......
stolzlos
2019-02-13 19:37
the next chance will come and it is going to be an easy one. The market is already so bombed out that nobody gives a shit anymore. And that is when you want to stick around.
stolzlos
2019-02-13 19:40
As for a possible trade, breakout, I am eyeing Holo (HOT on binance). Solid break above 0.0016$ could make this thing fly. See screenshot above.
fish
2019-02-13 19:44
Those could be signs of accumulation prior to a big pump...
fish
2019-02-13 19:45
The steps are crazy tho 117 BTC wall to move up to the next 93 BTC wall right after
stolzlos
2019-02-13 19:48
HOT? Pure insanity. This thing trades in double digit satoshis and recently managed to top 20 mil$ volume several days in a row.
fish
2019-02-13 20:57
Mother of pumps
stolzlos
2019-02-14 16:56
Ripple: Big picture
stolzlos
2019-02-14 17:00
A break to the downside would be devastating. And it is precisely because of that circumstance that I think the market has a shot to turn here.
stolzlos
2019-02-14 17:02
The market is too clobbered and we did not have a single counter rally yet. There is a limit to selling (if just for a time), even in a bear market.
stolzlos
2019-02-14 17:02
At least this is what I hope.
stolzlos
2019-02-15 08:20
BCHUSD: Could it be?
stolzlos
2019-02-15 08:23
Although I may sound like a bear most of the time I am actually a perma bull. The reason is simple math, nothing else.
stolzlos
2019-02-15 08:24
Being a bull at my core tends to blind me and make me optimistic at times when I should rather be (or stay) the opposite. This may be one of these cases, again.
stolzlos
2019-02-15 08:25
Last time I called a huge opportunity it was in BCH and SV. But with the break above I gave up and assumed (rightly so) that I was wrong.
stolzlos
2019-02-15 08:26
There is a chance that the opportunity comes back. And if it does then this would turn into one monster of a setup. If BCH recovers 160$ it is time to get excited once more.
stolzlos
2019-02-18 15:45
ETH broke a 10 months downtrend
stolzlos
2019-02-18 15:46
So did EOS
stolzlos
2019-02-18 17:04
well, that looks promising for a change
stolzlos
2019-02-18 17:36
HOT: If that settles here for a few days and then blowing through resistance into new highs, this may very well turn into one killer trade.
stolzlos
2019-02-19 05:54
Ripple tagged its downtrend line.
stolzlos
2019-02-19 05:55
No break yet but with the bullish action in BCH (151$), EOS, ETH chances are that the break is but a matter of time.
stolzlos
2019-02-19 05:56
But as always, nothing is guaranteed.
stolzlos
2019-02-19 05:56
The great thing about ripple is that it is clear when the opportunity is void. A hard break below 27 cent. This would also indicate the end for the opportunity marketwise as well.
stolzlos
2019-02-19 05:59
Looking at the long-term chart of Ripple, it is quite obvious that it is after BTC the big players favorite and I would not be surprised it overtaking BTC finally in the next run.
stolzlos
2019-02-19 06:02
Chartwise Ripple outdoes BTC by lightyears.
stolzlos
2019-02-19 15:05
Blockchain stocks smashed through their downtrends. Shorts are getting murdered.
stolzlos
2019-02-19 16:51
BTSC: It is pretty clear. Volume is confirming. Same for a few other stocks.
stolzlos
2019-02-20 11:59
BNB, the unstoppable monster
burrup.lambert
2019-02-20 12:44
For those in Australia, NZ, Singapore. Been with TenX for a while now, maybe a couple years, looking forward to finally getting the card! Didn't realise they had started shipping. Just ordered mine them.
burrup.lambert
2019-02-20 12:44
burrup.lambert
2019-02-20 13:01
danz
2019-02-20 13:44
Had the card 2 years ago, when it was still working. I don?t trust them anymore after this two years, they just fired their last CEO to not so long ago.
stolzlos
2019-02-20 17:41
BTT (Bittorrent): Fresh out of the package.
stolzlos
2019-02-20 17:45
Traded *130mil$* on the 5th. Trading right now @24 satoshis. You got to be f-ng kidding me. Seems like crazy is back in town.
stolzlos
2019-02-20 17:47
BTT and HOT are the best plays out there. I am getting ready to buy on breakout.
stolzlos
2019-02-22 20:41
Blockies are ripping higher
stolzlos
2019-02-22 20:42
short slaughter continues
stolzlos
2019-02-23 20:46
Ripple is through its downtrend
stolzlos
2019-02-23 20:46
BCH on the way to 160$
fish
2019-02-24 00:14
BTC has done 2 ups, A move like that didn't happen for a while until now so it might release some of the bear pressure and alts could pop to respect previous resistances.
fish
2019-02-24 00:15
Another one might trigger an alt pump-party
stolzlos
2019-02-24 23:58
no breakout on BTT, HOT
stolzlos
2019-02-24 23:58
BCH only got to 157 and some
stolzlos
2019-02-24 23:59
XRP back below its downtrend
stolzlos
2019-02-24 23:59
that it?
stolzlos
2019-02-25 05:17
XRP: Bull markets never start easy and this may be normal behavior. It is still good to be prepared. Just in case ...
stolzlos
2019-02-25 18:35
XRP: And back it is
fish
2019-02-25 19:26
BTC retesting
stolzlos
2019-02-26 20:26
Blockchain stocks got a bit beaten up with the sharp move down on sunday but they are not broken.
stolzlos
2019-02-26 20:29
Some are even setting up for bigger moves.
stolzlos
2019-02-26 20:30
While the volatility is certainly high and most coins are in bad shape I still believe that higher prices will follow from here.
stolzlos
2019-02-26 20:33
Whether this turns into a real bull market is yet to be seen but with long term trendlines well broken in the majors, chances have never been better since the bull died in Dec 17.
michael
2019-02-27 10:30
@stolzlos thank you for your updates and trade news. how do you trade these / what broker do you use? as physical coins on the exchange or on as a CFD? I trade FX and stocks, and am not too familiar with cryptos..
stolzlos
2019-02-27 16:59
@michael Recently I only use Binance. Lots of coins and liquidity. I trade physical without leverage.
stolzlos
2019-02-27 17:01
Funding I do via Paxos Bank. You create an account, send them USD which you can then convert into PAX (USD equivalent, stablecoin) and send to an exchange of your choice.
stolzlos
2019-02-27 17:06
Using PAX you can trade 17 pairs on the exchange. A few are against other stable coins. Not all PAX pairs offer sufficient liquidity.
stolzlos
2019-02-27 17:07
If you exchange against BTC first you will find ample liquidity. Downside is additional spread and commission though. Hope that helps.
stolzlos
2019-03-01 09:38
XRP: Whatever comes out of this, it will define what will happen for months to come if not the rest of the year.
stolzlos
2019-03-01 09:45
For the people who invest longer term and have a bigger wallet it is a great opportunity. Risk: ~15% (<27 cents), Reward: At least a retest @3.3$ => 900%. That is the definition of a (asymmetric) great trade!
stolzlos
2019-03-04 10:00
No breakouts. No strength. Does not look good at this point.
stolzlos
2019-03-05 20:05
HOT uninteresting and BTT turned sour. It always makes sense to wait until a clean breakout.
stolzlos
2019-03-05 20:06
Charts look shitty but just when you think the downtrend continues, strength comes suddenly back. More time needed.
stolzlos
2019-03-05 20:07
And while I think that the rise in BNB is remarkable I will not get my hopes up before I don't see 160$ cracked on BCH.
carrabeanga
2019-03-05 22:35
@carrabeanga has left the channel
nemo
2019-03-06 09:53
Hi Stolzlos, do you trade on the ideas you post here, and how is it going?
michael
2019-03-06 10:38
@stolzlos ah ok, would prefer a CFD or something similar. :slightly_smiling_face: thank you for the info.
michael
2019-03-06 10:38
@nemo i think @stolzlos does?
stolzlos
2019-03-06 15:08
I put my money where my mouth is and of course admit when I am wrong and also lose, lost money
stolzlos
2019-03-06 15:09
Which is often, unfortunately
stolzlos
2019-03-06 15:13
Since months there is no good market for swing trading. The only thing you can practice right now is losing.
stolzlos
2019-03-11 17:44
stuff is just settling, which is good.
stolzlos
2019-03-11 17:45
But nothing to do, which is bad.
stolzlos
2019-03-14 14:22
BTCUSD: Green line, up. Red line, down.
stolzlos
2019-03-14 14:25
HOTUSD: No breakdown so far. If it could make that break upwards I would be very much delighted!
stolzlos
2019-03-14 14:27
LINKUSD: Something else I keep an eye on. Not super clean but indicative.
michael
2019-03-15 02:48
Like your openness :slightly_smiling_face: good luck with the trading! you can do it.
stolzlos
2019-03-15 06:24
@michael once the market turns for real, we all will make a lot of money
stolzlos
2019-03-15 10:02
WAVESUSD: Very similar to BCH with the difference that the setup is much cleaner, stronger and thus better. Clean breakout, good settling, not shaken by the recent volatility.
stolzlos
2019-03-16 06:20
BCH finally took out 160$, a good sign. Lets see if there will be some followup.
stolzlos
2019-03-18 17:23
160$ is as expected a critical level as BCH struggles to overcome this well defended barrier.
stolzlos
2019-03-19 18:03
XRP: Lack of excitement is always worrysome, especially so close above support. Weekly volatility is lowest ever. Next move should be decisive. As always, I hope up.
stolzlos
2019-03-21 17:02
stolzlos
2019-03-21 17:03
seeing that I feel considerably worse about the near term prospects of the crypto market.
stolzlos
2019-03-21 17:06
BCH still failing at 160$
stolzlos
2019-03-26 17:07
BCHUSD: Development much slower than I expected/hoped but still alive.
stolzlos
2019-03-26 17:09
this may continue for another month or so. The longer, the better. But unfortunately boring.
stolzlos
2019-03-29 14:02
Crypto stocks are as neutral as I have ever seen them. Most broke their downtrends clearly and are now consolidating.
stolzlos
2019-03-29 14:03
It is still to early to call this bullish or bearish. The trend break is of course good news but all of them could still continue further down creating a new but not as steep trendline as before.
stolzlos
2019-03-29 14:04
And while I see that some coins do show strength, the overall market is still drifting around.
stolzlos
2019-04-01 04:25
BCH cleared 160$ and is staying above. It also looks strong here. EOS, LTC, BNB and a few others are impressive as well.
stolzlos
2019-04-02 04:35
BTC just broke out
stolzlos
2019-04-02 04:37
BTCUSD
stolzlos
2019-04-02 12:59
BCH smashing higher
stolzlos
2019-04-02 13:53
crypto stocks cracking higher, confirming the bullish action in coins
stolzlos
2019-04-02 13:53
It looks like that the crypto winter is finally coming to an end (at least temporarily)
stolzlos
2019-04-02 18:31
BCH hammering into resistance at 220$. Hoping now for a pullback and then settling for the real break later this month.
stolzlos
2019-04-03 04:06
BCH: Smashed right into its downtrend. 220$ did not stop it but it *should* stop here. At least I hope so.
stolzlos
2019-04-06 06:18
unless proven otherwise, this is a new bullmarket and one that won't stop for months
stolzlos
2019-04-06 06:21
Actually, I believe that this way will continue until summer next year. It will be choppy in the beginning but a huge move is coming.
stolzlos
2019-04-06 06:24
I don't think that the general market will move as powerful as last time but select coins will experience a replay of 2017.
stolzlos
2019-04-06 06:25
BTC, ETH, and the other majors are not among them. They are leaders past. They may play a role in the wave after the one that is coming.
stolzlos
2019-04-06 06:27
When a move starts, the best coins are:
1. The new ones (without much damage)
2. The ones as close to new highs as possible
3. The strongest technical setups
skat
2019-04-06 06:30
I've been slowly buying ADA most of this downtrend.
stolzlos
2019-04-06 06:33
it has fallen a lot but it does outperform the old majors. A good sign.
stolzlos
2019-04-06 06:35
I have not committed myself yet. Trying to wait until the last moment.
danz
2019-04-06 16:16
I?ll still keep the most in btc rather
stolzlos
2019-04-06 18:09
@danz sorry. I did not mean to suggest to avoid BTC. You will certainly profit. All I meant to say is that there is more upside in other coins.
danz
2019-04-06 18:10
I know:) Like last time, I see the same happening again for a while. Just got to found the right timing to be in alts and the right time to be back in btc. Will make for the most profit..
skat
2019-04-07 10:12
To be frank, I got so annoyed by bitcoin maximalists that I don't have any BTC for a long time and will not buy or use knowingly.
I'm still holding a lot of ETH, though.
stolzlos
2019-04-09 16:54
HOTUSD: For the moment, my favorite coin (not owning any yet). Pushing above 0.0017 likely coincides with a broader rally.
stolzlos
2019-04-09 16:57
WAVESUSD: That horizontal resistance is but a matter of time
stolzlos
2019-04-09 16:59
LINKUSD: 13 Months horizontal resistance. That thing is loaded as well.
stolzlos
2019-04-09 17:00
Since the synchronicity is already established I assume that they all break on the same day
stolzlos
2019-04-09 17:02
*when* is anybodies guess.
stolzlos
2019-04-09 17:37
BNBUSD: Forgot that one. BNB is the star of the old guard. Just 28% under its ATH.
burrup.lambert
2019-04-10 11:09
Ascending triangle on BTC/USD and other coins, another breakout coming? I'm bullish.
stolzlos
2019-04-10 16:15
could be but I expect a pullback here somewhere. We have just come out of a bearmarket. Expect chop,
stolzlos
2019-04-11 18:59
XRPUSD: If that breaks to the upside and I think it will in the next weeks then this will be something to behold. It will dethrone BTC and go fly far beyond anything anybody expects.
stolzlos
2019-04-11 19:02
eventually it will blow up though through some kind of scandal of course and possibly hit zero because coins can actually be printed and/or confiscated (by law enforcement, criminals, etc.) by just carrying away the servers that run the protocol
stolzlos
2019-04-17 13:28
Bullish tone continues
stolzlos
2019-04-17 16:09
HOT: A near 4 touch almost horizontal setup. It can't get much better than that.
stolzlos
2019-04-17 16:12
While TA helps to understand the state of a coin, stock, sector or market and future prospects of the same, it rarely helps with timing.
stolzlos
2019-04-17 16:14
Breakout could come any day but I would guess less than 2 weeks.
stolzlos
2019-04-17 16:14
BCH and BTC look loaded as well and I assume that the leading coins will start to move all at the same time.
stolzlos
2019-04-17 16:15
Will it be the one move I have been waiting for? Hard to say but general conditions favor an extended run.
stolzlos
2019-04-17 16:18
Btw, with general conditions I simply mean easy money. Low (and getting lower) interest rates and money printing. Thanks Trump + Powell.
stolzlos
2019-04-18 13:45
BNB: Closing in on ATH
stolzlos
2019-04-18 13:47
New highs would be *the* confirmation for a new bull market in cryptos
stolzlos
2019-04-18 13:48
I hope that BNB does not blow through on first try
stolzlos
2019-04-20 06:02
BNB less than 5 cents from ATH. Just stunning ...
stolzlos
2019-04-20 08:37
BNB quickly poked into new highs at 25.66$. I would not be surprised if that was it though for the foreseeable future.
stolzlos
2019-04-20 08:39
Maybe a few weeks of rest and even retesting 17.5$. Perhaps just wishful thinking.
stolzlos
2019-04-20 08:42
BCHUSD: Just a matter of time for the next leg up. The longer it takes, the better. It could take longer but I don't really give it more than a week.
stolzlos
2019-04-26 11:18
stolzlos
2019-04-26 11:19
Tether is feeling the heat once more.
stolzlos
2019-04-29 16:20
chop chop chop
stolzlos
2019-04-29 16:21
so much for my timing. Obviously more time necessary.
stolzlos
2019-04-29 16:24
BCHUSD: retesting the downtrend as well as previous highs
stolzlos
2019-05-04 07:56
BTCUSD: Coming into critical resistance
stolzlos
2019-05-04 07:57
As positive as the rise is, 6k is one hell of resistance. That will not break easily.
stolzlos
2019-05-04 07:57
Extreme traffic until 7k, after that a retest of old highs is in the cards.
stolzlos
2019-05-04 08:00
Except a few select coins the market does not show much unity which means that chop won't end soon.
stolzlos
2019-05-08 19:47
It is impressive that BTC is still above 5900.
stolzlos
2019-05-08 19:48
I see close to zero chance that it pushes through the 6k level at this point but I would be very happy if we see a miracle happen.
danz
2019-05-09 00:06
It just did
fish
2019-05-09 07:15
All eyes open
fish
2019-05-09 07:17
Next stop: moon :P\
stolzlos
2019-05-09 12:31
Nice! Let's hope it closes above.
stolzlos
2019-05-10 11:20
BTC closed at highs. Pretty damn bullish. BCH weathered the alt selloff like a champ. Pretty damn bullish.
stolzlos
2019-05-10 11:22
XRPUSD: The one chart that has me on my toes
stolzlos
2019-05-10 11:23
Every TA guy would say that this setup is an accident waiting to happen and it could. It is truly binary.
stolzlos
2019-05-10 11:26
Ripple will either get absolutely destroyed or turn into an unstoppable spectacular rocket.
burrup.lambert
2019-05-11 04:00
Spectacular rocket! To the bottom of the ocean...
stolzlos
2019-05-11 05:29
haha! Absolutely possible! It is not a trade I will do but with a gun to my head, I would still bet *long*.
stolzlos
2019-05-11 05:30
It just reminds me so much of LTC in '16. The same vibe. I gave up at 3.5$, ended 100 times higher.
stolzlos
2019-05-11 05:34
BTC is just unbelievable ....
stolzlos
2019-05-11 17:32
BTCUSD: Well, that was indeed a lot faster than I thought!
fish
2019-05-12 07:46
BTC crashed all logic
harvie
2019-05-13 02:16
BTC like "hold my beer"
stolzlos
2019-05-13 03:52
the entire drop (selling) of BTC from 6500 in Nov '18 has now been fully absorbed. Stunning!
stolzlos
2019-05-14 04:08
XRPUSD: Getting ready to fire. As good a broken out.
stolzlos
2019-05-14 15:48
BCHUSD: At resistance
stolzlos
2019-05-14 15:49
even though it seems that it does not count for much right now.
stolzlos
2019-05-14 15:50
Blockchain stocks are weak and don't really follow the strong action in coins over the last days. Caution is warranted at these prices.
stolzlos
2019-05-14 15:53
And lets not forget that (as far as I know) there is not a single coin right now making new highs. Until that happens the strong phase of the bullmarket has not begun. Until then, expect chop.
stolzlos
2019-05-15 04:06
BNB new highs
stolzlos
2019-05-15 19:24
There are a few hours left but it looks like BNB will be the first coin of this wave to close at new ATH (in USD) today.
stolzlos
2019-05-16 04:46
rally finally checked?
stolzlos
2019-05-16 13:48
A retest of BTC around 7k and even lower would be quite natural
stolzlos
2019-05-16 19:48
HOTUSD: 5 touch horizontal setup. I like 3 because they are rare and work well. 4 are super rare. Last time I said that it can't get better than that. I was wrong!
stolzlos
2019-05-16 19:50
RVNUSD: 3 touch horizontal setup. New coin.
stolzlos
2019-05-16 19:53
Both should break at the same time and if (when) doing so the real rally (only squeeze until now) will start for the entire market. When is always anybodies guess but I hope at least a few weeks of pause until then. The more, the better.
stolzlos
2019-05-17 12:34
BTCUSD: This is how the great bullmarket of 2017 began back in 2015. The first bullish rise was followed by extreme volatiltiy which eventually settled down near highs and then started to pick up speed.
stolzlos
2019-05-20 09:43
HOT new highs
stolzlos
2019-05-20 09:44
Too soon ...
stolzlos
2019-05-21 06:30
HOT is the first major breakout
stolzlos
2019-05-21 06:31
But being still early in the day this could turn into an ugly fail
stolzlos
2019-05-21 06:34
New highs also on BTT
stolzlos
2019-05-22 16:13
HOT retraced much of the breakout (implying weakness). So did BTT. Most coins don't do anything. BNB is the absolute superstar and in a world of its own.
stolzlos
2019-05-22 16:16
BCH, BTC, EOS, ETH look good here and the setup suggests up.
stolzlos
2019-05-22 16:17
But my gut says we move down from here because we still did not have a proper correction so far.
stolzlos
2019-05-22 16:18
This is mess and therefore am standing down and wait for more clarity.
stolzlos
2019-05-23 20:00
BCHSV: It got a lot of bad press but it is nowhere being dead.
stolzlos
2019-05-23 20:01
further, it's new and not far (relatively speaking) from ATH. If I had any, I would not part with it.
stolzlos
2019-05-23 20:10
LINKUSD: While I was not looking. LINK broke its 15 month horizontal resistance 2 weeks ago and went straight up making new ATH! Another very likely leader in the next major crypto rally.
stolzlos
2019-05-23 20:20
LINK is, after BNB, now *the second coin* surpassing its previous highs of the last (2017) rally. BNB is not alone anymore.
stolzlos
2019-05-25 06:35
The majors still look good but the lack of correction is concerning. It would be nice if cryptos go higher but it would be a lot better if there were a pull back.
stolzlos
2019-05-25 06:35
In my opinion BTC will return to 6500. Better from this level than crashing down from much higher.
stolzlos
2019-05-25 06:40
XRPUSD: Whatever happens (the sky or bottom of the ocean), it *will* happen this year.
stolzlos
2019-05-27 16:41
TRXUSD: A decent setup and breakout today
stolzlos
2019-05-27 16:43
but I cannot help but worry that this will all come back down. It simply is too early and there has not been any correction/shakeout so far.
stolzlos
2019-05-27 16:44
and seconds later, everything red across my screen!
stolzlos
2019-05-28 04:33
BTT & HOT new highs.
stolzlos
2019-05-28 04:35
market continues to look bullish
stolzlos
2019-05-30 16:35
well, for what its worth. I would call the top here.
stolzlos
2019-06-01 16:18
TRX did come back down. And now it is cracking its highs from last week! How bullish is this market?
stolzlos
2019-06-01 16:19
If BTC cracks 9200 I am clearly wrong
harvie
2019-06-02 10:10
Can see BTC going to 9.2 and even 10k but then the correction will be bigger
stolzlos
2019-06-03 03:56
back to 5 digits that fast would really be a shocker.
stolzlos
2019-06-03 03:58
New highs RVN
stolzlos
2019-06-04 17:53
this has been quite a spectacular initial rise. I would expect consolidation for at least a month, possibly even several months into autumn.
stolzlos
2019-06-04 17:57
that would be quite normal and even preferred for a big sustained move later on.
stolzlos
2019-06-06 18:14
TRX, RVN breakout failed
stolzlos
2019-06-06 18:14
HOT, BTT about to retest (that is the punishment for breaking out too early)
stolzlos
2019-06-06 18:21
XRPUSD: Timingwise I believe that Ripple is currently the most honest chart out there. There is still some time but I will keep watch not to be betrayed again.
stolzlos
2019-06-11 13:16
with the exception of LTC, coins like BTC, EOS, BCH, etc. look weak and I would say that 6500 is pretty realistic.
stolzlos
2019-06-11 13:18
Nevertheless, if BTC makes it up to 8700 again and manages to stay there I would say that the above is invalidated. I would consider the chance of that rather small but anything is possible.
stolzlos
2019-06-12 18:28
BNB just won't stop. Currently the best coin imho.
stolzlos
2019-06-14 09:31
Just saw that LINK broke out yesterday. +62%! New ATH. Too fast.
stolzlos
2019-06-14 09:32
Already coming back down
a.adriano.bueno
2019-06-14 17:10
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stolzlos
2019-06-15 07:53
BTC back up to 8700, bullish.
stolzlos
2019-06-15 07:53
LINK retested breakout, getting back up, bullish.
stolzlos
2019-06-15 07:56
otherwise a mixed bag, more time necessary
fish
2019-06-17 21:44
I wonder when the alts and shitcoin will start pumping again
stolzlos
2019-06-19 06:00
I lost my read and stand back atm. I am still waiting for a sizeable correction.
stolzlos
2019-06-19 06:01
Blockchain stocks look pretty bad.
michael
2019-06-19 11:57
punp n dummpppp babbyyy!
maxsuur
2019-06-20 13:23
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maxsuur
2019-06-20 13:24
Hi guys. Wondering if you follow any crypto-related twitter accounts?
danz
2019-06-20 13:26
I do, around 500, bit to much tbh. But makes it easy to just log-in once in a while and keep updated on all important news.
stolzlos
2019-06-22 07:31
BTC ... wow
maxsuur
2019-06-22 11:15
Which one?
stolzlos
2019-06-24 11:25
BTCUSD: Retest of the broken trendline?
stolzlos
2019-06-24 11:34
looking at the above it is possible to even make a case that the rally up to now was just a bearkmarket rally. I personally don't think so.
stolzlos
2019-06-24 11:36
Nevertheless, trendlines are a real thing and this means at if BTC does not reclaim the 2012 uptrend, it will rise with a slower speed from now on. See green line below for a possible scenario.
stolzlos
2019-06-26 05:44
BTCUSD: Baffling
stolzlos
2019-06-27 23:42
BTCUSD: Just to scare people :wink:
stolzlos
2019-06-27 23:44
the performance was stellar, no discussion
stolzlos
2019-06-27 23:44
It would be perfect if BTC manages to close for the week above the trendline
stolzlos
2019-06-28 23:58
LINK unstoppable. Up 15x since the december lows. Outperforming BNB.
stolzlos
2019-06-28 23:59
The power of new (all time) highs
stolzlos
2019-07-01 05:47
BTCUSD: Maybe a good time to lock in some gains?
stolzlos
2019-07-06 14:48
alts looking weak. Expecting gravity to pick up very soon.
stolzlos
2019-07-10 09:47
BTC is incredible. This is certainly bullish.
stolzlos
2019-07-11 18:12
Cryptos cracking lower today with alts leading the charge.
stolzlos
2019-07-11 18:13
Even my favorites like for example HOT are breaking down
stolzlos
2019-07-11 18:17
In general looking through the list there is nothing that really excites me at this point. There are even some coins already making new lows.
stolzlos
2019-07-11 18:18
The bull market is not over but I expect a much longer consolidation now than previously anticipated.
stolzlos
2019-07-11 18:19
Reason: Coins spent more than a month at highs and as such the amount of people trapped at higher prices is that much greater now.
stolzlos
2019-07-13 12:13
BTCUSD: Failing at overcoming the uptrend line for the 3 week.
stolzlos
2019-07-13 12:14
After this bullish move it is hard to say how far it will retrace but sub 7k is not unrealistic.
stolzlos
2019-07-20 08:13
ETHUSD: Just a matter of time for the next slide
stolzlos
2019-07-20 08:15
BNBUSD: Breakout retested (which is a fail to me). I think we will go back to 17.5, maybe lower, depending how we get there.
stolzlos
2019-07-20 08:18
BCHUSD: Retested its uptrend line. I don't think it will hold. If it breaks, BCH may retest the downtrend line.
stolzlos
2019-07-22 16:48
XRPUSD: I really cannot imagine that to break. The truth though is that while cryptos had a few good months, this thing did nothing. A break would really shock me.
stolzlos
2019-07-22 17:08
BTCUSD: Assuming we saw the top
stolzlos
2019-07-26 16:01
Blockchain stocks look pretty bad. But they look bad since weeks and getting worse. Expecting a big slide for coins. Most coins should get chopped in half or more.
stolzlos
2019-08-02 06:30
A lot of bigger crypto investors are quite bullish and are supposedly buying.
stolzlos
2019-08-02 06:32
I see nothing atm that would motivate me to follow.
stolzlos
2019-08-06 18:06
BTC's strength is remarkable.
stolzlos
2019-08-06 18:06
But it is basically the only coin performing well
stolzlos
2019-08-06 18:07
Everything else is either doing nothing or looking considerably worse, alts and stocks alike
stolzlos
2019-08-06 18:09
there is nothing to do but to but wait and see.
stolzlos
2019-08-06 18:09
Unless some bullish pattern emerge in at least a handful of coins I remain a short term bear and still expect a considerable smash.
fish
2019-08-06 21:54
It's manipulated and unexpected
fish
2019-08-06 21:55
Sudden 5-10% jumps with no pullback are not normal
stolzlos
2019-08-07 16:28
indeed, the BTC market really is manipulated. These moves just cannot be explained but there is lots of pump stories of course.
stolzlos
2019-08-07 16:29
Flight to safety, Capital flight from China, Gold rallying, new macro asset, non-correlated asset, you name it
stolzlos
2019-08-07 16:30
The fact remains that alts don't look good and stocks look terrible.
stolzlos
2019-08-07 16:31
I have a feeling that somebody figured out that if you pump BTC you get a lot of people buy alts with the hope that they catch up.
stolzlos
2019-08-09 12:52
XRPUSD: Looking down a steep cliff
stolzlos
2019-08-09 12:54
It survived so far and I hope it will continue to do so but with the crypto market extended as it is, Ripple will face a major challenge here.
stolzlos
2019-08-09 12:55
Either direction will be spectacular
stolzlos
2019-08-09 13:02
The good news is, BTC looks good.
stolzlos
2019-08-09 13:02
The bad news is, everything else looks bad.
stolzlos
2019-08-13 18:02
BTCUSD: Remarkably strong, especially when you consider how bad the rest of the pack is.
stolzlos
2019-08-13 18:07
If BTC breaks to the upside (I only believe it when I see it) then old highs at 19k~ will certainly be retested.
stolzlos
2019-08-14 17:21
XRPUSD: The unthinkable has just happened ..... Time to buckle up!
stolzlos
2019-08-14 17:28
Ripple is still the 3rd largest coin by market cap. If something like that breaks down then caution is warranted.
stolzlos
2019-08-14 17:31
The close is important of course. If 30 cents is reclaimed then this would actually be pretty bullish. If not, sub 10 realistic.
stolzlos
2019-08-15 06:14
BNB broke its secondary uptend yesterday
stolzlos
2019-08-15 06:14
BTC and BCH did it just now.
hello888
2019-08-15 07:59
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stolzlos
2019-08-16 11:09
BTCUSD: A strong day end rally saved BTC into the close. Same for BCH. A break to 9400 would confirm further weakness to come. A rally back to 12k would invalidate any bear scenario.
skat
2019-08-18 02:55
Satoshi decided to cash out finally?;-)
stolzlos
2019-08-21 16:09
BCHUSD: Defending the last line of support. 250$ should not be tested. Otherwise more downside is to be expected.
stolzlos
2019-08-21 16:09
BTC breaking once more its secondary support.
stolzlos
2019-08-21 16:12
The good news is that the strong coins like BTC, BCH, BNB, etc are defying gravity pretty well while other coins are getting destroyed.
stolzlos
2019-08-24 11:02
BTCUSD: After breaking repeatedly its secondary support and then barely managing to stay above, bitcoin found a third support line. As long as there is no break that is sustained the situation remains undecided.
stolzlos
2019-08-24 11:06
a difficult market for normally these failed breaks are a bullish sign. Yet there is no followup either and so everybody is whip lashed. A break above 12k is what BTC really needs.
stolzlos
2019-08-24 11:07
Otherwise alts don't look strong here and the same goes for stocks which still look ugly.
stolzlos
2019-08-24 11:08
Nevertheless I watch and hope for a counter rally. No signs of yet.
stolzlos
2019-08-27 07:45
Besides BTC, which is hanging by a thread, nothing looks good. I find it incredible how long this market is able to hang on.
stolzlos
2019-08-27 07:45
Without some really positive news I am unable to see how a break down could be prevented.
stolzlos
2019-08-28 18:17
BTCUSD: Finally breaking?
stolzlos
2019-08-28 18:18
Or another miracle reversal? Alts are getting trashed hard.
stolzlos
2019-08-31 05:14
BTCUSD: Last line of defense a bit above 9K.
stolzlos
2019-09-03 16:16
BTC again reversed. It remains strong followed by BCH.
stolzlos
2019-09-03 16:19
Additionally, downtrend lines come into play for several coins and, if broken, could cause a counter rally.
fish
2019-09-03 18:13
@stolzlos I truly admire your persistence on this channel!
stolzlos
2019-09-04 15:48
@fish thank you very much :wink:
stolzlos
2019-09-04 15:50
but I am just persistent because I love charts, trading and making money.
stolzlos
2019-09-04 15:51
to post what I think, see and sometimes do is fun.
stolzlos
2019-09-04 15:53
I hope that one day I am able to point out a killer opportunity in the channel but that time has not come. I am certain that it will.
stolzlos
2019-09-04 15:54
Until then I will certainly stick around.
stolzlos
2019-09-05 17:00
BTCUSD: Across all coins that I watch, BTC is now the strongest. In a class of its own. With the exception of maybe BCH, alts look terrible.
stolzlos
2019-09-05 17:03
The difference between BTC and the rest of the pack is unbelievable.
stolzlos
2019-09-05 17:03
It feels like that there is or are some massive buyers who don't give a shit about price or the current market conditions of the crypto market. Some nation-state?
stolzlos
2019-09-05 17:05
BTC could still break through that last support and actually that is what I expect.
stolzlos
2019-09-05 17:05
But I hope that I am wrong and after more settling into the apex we have a nice breakout to the upside which should certainly result in new ATH.
fish
2019-09-05 20:27
I won't be happy to see the crypto realm shading away the alts
stolzlos
2019-09-06 05:20
the question is, who is right? BTC or the rest (including stocks)?
stolzlos
2019-09-06 05:21
the positive is that even though alts and stocks look bad, they do not get smashed thoroughly. Continuously standing on a cliff but not really falling.
stolzlos
2019-09-06 05:23
and that could mean that we have a rally ahead of us.
stolzlos
2019-09-07 05:36
BCHUSD: Decision time?
stolzlos
2019-09-13 11:17
Nothing happening. Volatility keeps on dropping. We are in for a stronger move which should happen in the next days.
stolzlos
2019-09-13 11:19
Whether it is up or down, I don't know. But since except BTC, everything else is either neutral or bearish (almost everything) I still tend to down.
tilaukset
2019-09-18 08:52
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stolzlos
2019-09-18 16:28
Alts have some relief finally but I would not consider the situation safe. The rise is very selective and crypto stocks are ignoring the situation entirely.
stolzlos
2019-09-18 16:31
The big star though is XRP which managed to get back up above 30 cents. Bullish.
stolzlos
2019-09-23 15:34
XRP back down again and so is the rest with a handful of exceptions.
stolzlos
2019-09-23 15:34
Nothing to do but to wait ....
stolzlos
2019-09-24 17:55
BCHUSD: The day is not over but this is, at the moment, a break. If sustained a test of 170 is possible.
stolzlos
2019-09-24 20:12
seems like the waiting is over. What a massacre!
p.rawson100
2019-09-25 03:44
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rom1.mistretta
2019-09-25 03:44
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contact847
2019-09-25 03:44
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oli_rod
2019-09-25 03:44
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stolzlos
2019-09-25 17:14
looks like stocks and most alts were right all along.
stolzlos
2019-09-25 17:15
This break confirms once more my theory that sector moves can be anticipated by looking at the internal structure of the sector.
stolzlos
2019-09-25 17:17
But I have to admit that the strength of BTC kept me wondering until the end. And lets not forget the very short lived return of Ripple. What a sick move ....
stolzlos
2019-09-25 17:23
BTCUSD: I still expect prices below 7k.
chenry1288
2019-09-25 17:26
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timothyhimself
2019-09-26 03:29
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stolzlos
2019-09-28 15:33
BTCUSD: For the long term bullmarket to continue we need another 6 - 9 months. That is, without some major issue along the way.
hans.hoppe
2019-09-28 18:00
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jaimeeis
2019-10-01 04:42
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994kaloyan
2019-10-01 04:42
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gun
2019-10-01 04:42
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martynas.vaskovicius
2019-10-01 04:53
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julien
2019-10-01 04:53
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kristina.bikare
2019-10-01 04:53
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stolzlos
2019-10-01 19:02
Cryptos did not recover from the drop last week
stolzlos
2019-10-01 19:03
And while I think that there is room for moving a bit more up (ex. BTC to ~9k) eventually the next move down will come
stolzlos
2019-10-01 19:04
just a matter of time
fcgauthier
2019-10-02 02:46
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stolzlos
2019-10-05 06:00
no change. Situation is depressing. There is not a single coin that looks promising. A market for short sellers and day traders.
stolzlos
2019-10-05 06:01
Stocks are getting obliterated one after another.
bhugbhug
2019-10-05 12:24
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lljorganxhi
2019-10-06 06:05
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alpha.tauri.brazil
2019-10-07 11:32
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stolzlos
2019-10-07 17:52
LINKUSD: Not a star but in a very weak market the strongest coin. Re-tested (not good) its 2018 Jan highs but is bouncing well. Whether or not it will hold above is yet to be seen but it certainly deserves attention.
stolzlos
2019-10-07 17:53
LINK is now the sole coin that trades above its 2017/2018 spike. BNBs was at 25$, now at 15$ (and going sub 10$)
omocha_10
2019-10-09 04:43
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juan.devillafane
2019-10-09 04:52
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nitu.sebi
2019-10-09 04:52
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michispc
2019-10-10 01:13
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perrylok
2019-10-10 01:13
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chris
2019-10-10 09:53
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zubrickasmantas
2019-10-10 10:20
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skat
2019-10-11 09:56
It turns out, that forking bitcoin and sitting on his ass doing nothing is not a viable business idea. At least founder cashed out on it?s LiteCoin peak!
ouafouaf
2019-10-12 03:40
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stolzlos
2019-10-16 17:00
nothing changed as far as I can see
stolzlos
2019-10-16 17:00
looks like there is not much time left until the next break for cryptos
lucas0911
2019-10-17 15:57
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p.rawson100
2019-10-18 15:59
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2019-10-20 11:03
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klaus
2019-10-23 08:30
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2019-10-23 16:19
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stolzlos
2019-10-24 06:23
@fish I read an article recently (I think Zerohedge) that it is expected that more than 90% of exchanges in Korea are financially doomed.
stolzlos
2019-10-24 06:25
Don't know how many are there or if that has a big impact overall but I am also quite convinced that this number applies globally.
stolzlos
2019-10-24 06:27
BTC now firmly below 8k. I don't expect a return above for many months.
fish
2019-10-24 10:41
Maybe this time it'll reach 1k :suspect:
steve
2019-10-25 07:25
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stolzlos
2019-10-25 11:23
really hard to say what will happen.
stolzlos
2019-10-25 11:23
My best guess is that the market will turn lackluster as more people leave to look for a fortune elsewhere.
stolzlos
2019-10-25 19:56
well, so much for my 8k prediction. Seems like some China news.
stolzlos
2019-10-25 19:57
lets see if pros just use the welcome news to dump.
omocha_10
2019-10-26 10:53
@I think Bitcoin is an amazing invention that eventually will
be wildly adopted(if states don?t intercede).
But I find it hard lo link this to the fact that one day it could be worth 100 or 500k.
I think people will move on to other cryptos if price go too much high(8000 is already insane).
But I am not an expert or professional neither in investment nor cryptos.
And the fact that it is finite(21M), I don?t think will make the price go to 100k etc, people will move on to other cryptos.
As long as someone prove me wrong(unfortunately for me) I?m on the sidelines.
stolzlos
2019-10-26 11:25
looks like that the rally does indeed turn into a dumping fest
stolzlos
2019-10-26 11:26
lots of coins did not participate or are back where they were before the news or even lower
stolzlos
2019-10-26 11:29
@omocha_10 if states like to do something then it is to intervene in currency markets. We (depends on where you live) do not have a *flight to safety* situation today so nothing like that will happen in the near future.
stolzlos
2019-10-26 11:30
But when that happens you can be sure that they will lock down every exchange so that money cannot leave the country. 101 of capital controls.
skat
2019-10-26 13:50
Looks like it spiked on this news --> https://www.coindesk.com/president-xi-says-china-should-seize-opportunity-to-adopt-blockchain
omocha_10
2019-10-26 14:48
I don?t get the point why you mention this. Exchanges could be locked, but people will still have the cold storage, Trazor,phone apps with their cryptos...
stolzlos
2019-10-26 17:35
that is true but the majority of the population (>90%) will not have any cryptos. By the time they need them there won't be any because the exchanges are locked down.
stolzlos
2019-10-26 17:37
and the reason why I mention that is because you mentioned 'adoption' which I think is possible as long as we do not have a crisis.
stolzlos
2019-10-26 17:39
@skat thanks
omocha_10
2019-10-26 19:39
Thanks, I understand.
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2019-10-27 11:16
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2019-10-28 09:29
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stolzlos
2019-10-29 18:07
still looks like a squeeze to me but I would love to be wrong.
gun
2019-11-01 06:02
Keeping an eye on Bitfinex/ Tether news. Getting hairy
stolzlos
2019-11-01 15:53
got a link?
bartol.k
2019-11-06 14:02
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2019-11-06 15:38
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stolzlos
2019-11-06 17:53
a few cryptos kinda look good. Like BCH, LINK or BTC.
stolzlos
2019-11-06 17:55
but the rest is either unchanged or does not look appealing.
stolzlos
2019-11-06 17:57
stocks are also not reacting.
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2019-11-07 14:53
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2019-11-07 15:03
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2019-11-08 04:37
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2019-11-08 14:33
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stolzlos
2019-11-08 16:32
ain't looking good for cryptos. Stocks also battered.
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2019-11-11 11:13
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2019-11-12 14:40
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2019-11-12 14:58
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2019-11-14 11:47
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stolzlos
2019-11-15 14:20
a slow grind but I see still nothing that would convince me of more upside
stolzlos
2019-11-15 14:24
I think that by the end of the month cryptos returned or broke through levels we saw at the end of October.
stolzlos
2019-11-18 20:24
Since the crypto market is now much more sucker loaded due to the China spike I lower my expectation for BTC.
prashantpawar
2019-11-19 23:08
Are there any cryptocurrency eligible citizenship or residency programs (not talking about paying in crypto, but investing in it). Most programs allow either real estate, or startups, but I don't wanna lose my exposure to crypto
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2019-11-20 22:47
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stolzlos
2019-11-21 17:59
7300 is pretty important. Breaking it means a lot of pain.
stolzlos
2019-11-21 18:01
Chances are very high that it is just a matter of time.
stolzlos
2019-11-21 18:03
Good news is LINK
stolzlos
2019-11-21 18:04
the only coin remaining above its 2017/2018 peak and defying gravity like a champ
stolzlos
2019-11-21 18:05
could still get crushed of course
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2019-11-22 01:03
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2019-11-22 08:42
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stolzlos
2019-11-23 12:53
More downside coming. I expect that we see 5k and lower before we get a meaningful rebound.
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2019-11-26 09:14
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stolzlos
2019-11-29 14:30
a weak bounce. My expectation is still more downside.
stolzlos
2019-11-29 14:32
the next one will be a smash.
stolzlos
2019-11-29 14:32
sub 5k.
stolzlos
2019-11-29 14:35
BCHUSD: That resistance line needs to be broken to get back to neutral. I don't see that happen anytime soon. But I hope that I am wrong.
stolzlos
2019-11-29 14:36
this resistance line is of course visible in one shape or another on other coins as well.
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2019-11-30 19:20
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2019-12-04 16:04
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2019-12-06 02:19
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2019-12-07 00:42
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2019-12-09 02:19
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stolzlos
2019-12-09 04:59
so far there is not much followup which generally is a good sign.
stolzlos
2019-12-09 04:59
There are also some coins which show some positive price movement.
stolzlos
2019-12-09 05:00
a rally is in the cards
stolzlos
2019-12-10 09:21
Stocks look as bad as always. Zero change. Not good. If a rally develops then it needs more time to build.
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2019-12-11 13:42
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2019-12-11 13:53
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2019-12-13 13:40
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stolzlos
2019-12-14 14:48
Coins look like crap, stocks look like crap.
stolzlos
2019-12-14 14:49
But I still have a gut feeling that we will see a rally coming out of this consolidation.
stolzlos
2019-12-14 14:50
more time necessary
julianmb
2019-12-15 02:52
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julianmb
2019-12-15 02:53
I think we are going to see 20k next year
julianmb
2019-12-15 02:54
Let me know guys if you need any help with Crypto in Hong Kong
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2019-12-15 07:43
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skat
2019-12-15 12:08
haha, we have a fortune teller in the room!
skat
2019-12-15 12:08
or bitcoin maximalist :smile:
skat
2019-12-15 12:11
We already heard these predictions from John McAfee and he backed out multiple times already :smile:
julianmb
2019-12-15 12:20
Why not?
julianmb
2019-12-15 12:20
Just need to respect this trend
stolzlos
2019-12-16 04:28
@julianmb The primary trend is unfortunately already broken and this year's rally failed to reclaim it.
stolzlos
2019-12-16 04:29
But the secondary support you reference is the next line of defense but it does not look good.
stolzlos
2019-12-16 04:29
I hope you are right though
julianmb
2019-12-16 04:30
There're many ways to look at it, hope it goes up again but markets depends more on fundamentals than technicals
julianmb
2019-12-16 04:31
Trade war, sanctions, gov bans, privacy needs, implementations
julianmb
2019-12-16 04:34
What I'm sure is Bitcoin price is never going to be 0
stolzlos
2019-12-16 04:37
Well, as I said, I am all for rising prices. Hope you make lots of money.
stolzlos
2019-12-16 04:39
Getting back to the short term, chances of a rally are fading unfortunately.
julianmb
2019-12-16 04:55
All my TA indicators are bearish, and fundamentals today doesn't help
julianmb
2019-12-16 04:56
Bitcoin's yearly lows:
2012: $4
2013: $65
2014: $200
2015: $185
2016: $365
2017: $780
2018: $3,200
2019: $3,400
2020: $7,500?
It's almost as if there's a trend.
julianmb
2019-12-16 04:56
That's why I think it's a good time to buy or hold at this time of the year
julianmb
2019-12-16 04:57
Halving maybe doesn't affect the fundamentals for some time, but FOMO will
stolzlos
2019-12-16 07:01
So at what price do you think you are wrong?
stolzlos
2019-12-16 07:04
Or stated a different way, at what price would you give up?
julianmb
2019-12-16 07:06
I'll give up if breaks 5500k
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2019-12-16 13:48
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julianmb
2019-12-17 00:32
Buying some more here
stolzlos
2019-12-18 19:20
XRPUSD: Ripple looks terrible. Hard to say how far it will fall but 7.6 cent is a price that is interesting for obvious reasons.
julianmb
2019-12-19 03:35
Still some people shilling on twitter :see_no_evil:
julianmb
2019-12-19 03:35
Completed
donatobianchi
2019-12-20 06:44
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2019-12-20 15:08
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2019-12-20 19:42
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2019-12-21 21:08
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2019-12-23 10:50
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2019-12-23 15:55
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stolzlos
2019-12-26 13:34
BTCUSD: The whole world knows about *the channel*. What if it does not hold?
stolzlos
2019-12-26 13:35
If BTC manages to break 8k and stay above I would say that the situation improves. Otherwise this is just a matter of time.
julianmb
2019-12-26 14:20
Agree
julianmb
2019-12-26 14:20
But last week we saw some bad news
julianmb
2019-12-26 14:20
About Bitcoin in general
julianmb
2019-12-26 14:20
Anyway, Gold 1500 again
julianmb
2019-12-26 14:20
It's trying to say something
stolzlos
2019-12-26 15:00
you are right, Gold is slowly getting ready
stolzlos
2019-12-26 15:01
but it ain't just gold. Silver is shaping up.
stolzlos
2019-12-26 15:01
Platinum out of its 10 year bear market
stolzlos
2019-12-26 15:01
Palladium near 2000$ and soon the most expensive (historic, cracking ATH of platinum) of the four
stolzlos
2019-12-26 15:03
But not only underground resources. Rice, Wheat, Soybeans, etc. They all are ending their bearmarkets. Even coffee!
stolzlos
2019-12-26 15:04
food is going to get expensive ....
victorfragaceotto
2019-12-26 23:51
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julianmb
2019-12-27 03:08
Specially in China, printing money won't help
julianmb
2019-12-27 09:33
I think bull by Feb
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2019-12-28 15:22
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2019-12-30 08:29
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2019-12-30 08:31
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2019-12-30 10:18
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stolzlos
2019-12-30 12:59
looking at charts I see nothing that looks promising. On top of that a dull market which is unsurprising given the time.
stolzlos
2019-12-30 13:01
stocks look like they always do, bad.
stolzlos
2019-12-30 13:02
Looking back, there was just a single solid opportunity this year, end of march. Another tough year.
stolzlos
2019-12-30 13:05
While I don't expect another 2017 soon, it will come and be an easy trade without any need to hurry.
julianmb
2019-12-30 13:06
I looks better now
julianmb
2019-12-30 13:06
Seems double bottom
stolzlos
2019-12-30 13:07
yes. If you only look at BTC there could be a chance for a setup.
stolzlos
2019-12-30 13:09
but BTC really is among the best among very few that kinda look good.
stolzlos
2019-12-30 13:09
most look really bad
stolzlos
2019-12-30 13:09
and there is no unity
stolzlos
2019-12-30 13:10
so I am cautious but open to any positive change when it happens
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2019-12-30 21:36
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lauren
2020-01-01 13:47
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stolzlos
2020-01-02 17:50
LINKUSD: The last coin above its 17/18 peak. On the next move down I think it will unfortunately break below.
stolzlos
2020-01-02 17:50
Cryptos don't look healthy ...
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2020-01-02 20:37
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julianmb
2020-01-03 00:55
Nope
marcin
2020-01-06 06:39
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julianmb
2020-01-07 03:09
Break of the bearish channel
openaccessconsultingl
2020-01-07 13:28
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2020-01-09 06:23
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2020-01-09 10:05
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2020-01-09 16:18
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2020-01-10 06:31
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2020-01-10 14:30
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2020-01-10 17:09
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omocha_10
2020-01-13 12:25
Heard nice things about MWC crypto.... last days skyrocketed...344% in14 days
julianmb
2020-01-13 12:46
MWC?
ggustavo.augusto
2020-01-13 13:18
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stolzlos
2020-01-13 20:04
Cryptos still in limbo. There is nothing that looks particularly attractive. Market very selective. Too much risk, too little reward.
emilianod76
2020-01-13 21:46
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omocha_10
2020-01-13 21:55
MWC
stolzlos
2020-01-14 14:29
Certainly didn't see that coming
stolzlos
2020-01-14 14:30
BCH actually broke it's 2year downtrend
stolzlos
2020-01-14 14:31
Cryptos turning?
stolzlos
2020-01-14 14:31
Even if, no need to hurry
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2020-01-14 16:25
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2020-01-14 18:50
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2020-01-15 12:48
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2020-01-16 14:11
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2020-01-19 07:03
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2020-01-22 10:18
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2020-01-27 16:15
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jonrodd
2020-01-27 19:42
Just to share my 2cts on BTC and crypto.
I think any crypto and any money in general are NOT ASSETS, but rather TOOLS. They allow two parties to exchange value, period. BTC adds many benefits and obviously the most important one being that it is decentralized.
That being said, I cannot understand why trading cryptocurrencies in the hope of making money out of it. This concept is much like betting. Someone bets that MAYBE the BTC will increase its value in the next 5 days, 5 months or 5 years. But that's just a bet since BTC does not hold any value like real estate, art or a business: it's just a medium. I prefer betting in casinos, it's much more predictable. Go to Vegas, put 100$ in the roulette, you have 49% chances of making 100%. Whereas with BTC, you don't know,, it's a black box. Trends? Which trends? Please...
I think that what made BTC explode in value is the confusion maintained around the fact that there is a limited BTC amount, thus making it rare "like gold" somehow. So if you got BTC back in 2016, you would be "one of the lucky firsts". Exactly like gold rush, everybody wanted a share of what is limited and BTC skyrocketed.
But this does not apply anymore. As BTC gained reputation, so does other cryptocurrencies, like Ethereum, and this Facebook's money etc... These new cryptos just killed all the concept of BTC with one bullet. Just by their own existence, they kinda extended original BTC "limits": if you didn't have the chance to hold BTC back in 2016, that's ok you can still have some other crypto doing the same thing.
As I see it, BTC and other cryptos have only 1 benefit: make it easy to exchange something else than cash WITHOUT A GOVERNMENT PREVENTING YOU TO DO SO. You cannot understand BTC if you live in the US or any other developed country because you have so many options to transfer money (TransferWise, N26, Revolut...). But when you live in Argentina, Brazil, Colombia, or some other area where banking still have heavy monopoly and is mostly controlled by the state, only then you can feel why crypto have value. When you need to pay someone in USD but your bank will keep 30% of the transaction in fees... you start to think in other ways.
In summary: don't buy crypto except if:
1. you like gambling and you like some adventure in your life
2. you actually need to send money to someone but your government makes it hard/costly for you to send money out
( NTDLR: I am part of both groups :slightly_smiling_face: )
Open to discussions !!
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2020-01-28 08:28
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stolzlos
2020-01-28 16:58
this rally just does not convince me of much more upside. BCH, LINK, etc look good but they are the exception.
stolzlos
2020-01-28 16:58
stocks look weak. Feeble reaction if any at all.
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2020-01-29 03:00
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omocha_10
2020-01-29 09:07
@jonrodd I think similar to you. unfortunately. In 10 years bitcoin went from 0 to aprox $ 9000. I understand your analogy with gold and other cryptocurrency. But as there is gold, there is silver, copper, lithium, emeralds, diamonds etc . Now, 2020 I think it is a very risky investment it can go to 100.000 in one year or fade away. I think that is the reality of it. If you are in the money for cryptos, I think it is important to remember that every second we have the possibility to make amazing profits and losses investing/speculating/gambling in infinite assets/games in all directions and at any risk(options, alt coins, cryptos, penny stocks, hockey, baseball, chicken fights etc)
i think that most people that made a fortune in cryptos, had already a big state or assumed an incredible risk as their worth went from 1000 usd to 1.000.000 usd for example.
If you have only 10.000 usd in crypto and a year later you got only 200.000 usd in Bitcoin, would you be able to keep it until you got 1.000.000 usd and sleep well during the process, considering cryptos volatility?
You mention cryptos have worth for people with ?funny government and economic policies?.... that?s at least 75% of the population.
Too much rambling.
My believe is that the most important thing is to have realistic expectations for good or bad, and be aware of the risk involved.
Looks like cryptos, blockchain, Bitcoin with grow a lot, similar to internet in the 90s, but who knows which are going to be Google, Amazon etc?
Cheers and good luck
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2020-01-30 13:28
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2020-01-31 18:11
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2020-02-01 02:04
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omocha_10
2020-02-04 17:24
Hi, I never bought cripto, have no wallet, exchange account etc. I want to buy MWC , thought it would be possible through Etoro but i can?t. It seems they sell it in http://Hotbit.io exchange. Any help will be appreciated, thanks
stolzlos
2020-02-04 18:08
@omocha_10 Open an account at http://Hotbit.io, buy some BTC anywhere for example with credit card and send the BTC to your account at http://Hotbit.io. Then convert to MWC on the exchange.
stolzlos
2020-02-04 18:09
just use a small amount like 10$ or so to get a feel for the process.
omocha_10
2020-02-04 18:10
Thanks. And once I buy the MWC, I keep it at Hotbit or I should move it to a wallet, Trazor etc?
stolzlos
2020-02-04 18:11
Since you consider yourself a beginner, try everything and experiment.
omocha_10
2020-02-04 18:13
But it is possible to store MWC in a Trezor or wallet?
stolzlos
2020-02-04 18:14
I don't know but if MWC is based on ETH then it should be possible.
stolzlos
2020-02-04 18:15
you only know for sure if you try :wink:
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2020-02-05 13:49
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2020-02-05 16:55
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2020-02-09 15:55
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2020-02-10 01:43
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2020-02-11 07:12
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stolzlos
2020-02-11 15:47
BTCUSD: Decision time getting closer.
stolzlos
2020-02-11 15:48
I would never have thought that the uptrend holds since everybody is aware of that trendline.
stolzlos
2020-02-11 15:49
15k would be super bullish. Back to 6k the opposite.
stolzlos
2020-02-11 15:50
LINK is 20% below ATH
seb.malek
2020-02-12 01:41
Is LINK worth buying?
seb.malek
2020-02-12 01:41
@stolzlos
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2020-02-12 05:11
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2020-02-13 07:27
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stolzlos
2020-02-13 20:06
@seb.malek the question is too general to answer. First off, I am not buying LINK. But I am not buying anything as of lately. Not my market.
stolzlos
2020-02-13 20:07
But if I were to buy something then LINK would be my favorite. Two reasons:
stolzlos
2020-02-13 20:08
1. It is the ONLY coin above its previous 17/18 peak
2. It is only 20% below its ATH
stolzlos
2020-02-13 20:10
Nevertheless I do not think that the crypto market will go into hyperdrive in the next days, weeks or months and that is why I keep on watching and I may do so until 21 or longer if I have to.
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2020-02-13 21:30
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stolzlos
2020-02-15 16:45
looks like the run is over. LINK came within 1% of its all time highs.
seb.malek
2020-02-15 19:37
time to buy more then. :man-shrugging:
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stolzlos
2020-02-26 15:40
*BTCUSD:* A solid break of 12k would improve the situation further. 7k'ish would be bad news.
stolzlos
2020-02-26 15:43
I personally tend to see that chart as bullish but there are so many others that look terrible. And stocks are still a mess.
stolzlos
2020-02-26 15:46
LINK actually made new highs which I find absolutely incredible. BCH looks strong.
stolzlos
2020-02-26 15:52
Need to wait another couple of months.
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2020-02-26 19:15
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stolzlos
2020-03-05 09:30
LINK made another new ATH yesterday and still sitting around there, possibly for more
stolzlos
2020-03-05 09:31
It is without a doubt the number 1 coin. There is no competition. Nothing comes even close.
stolzlos
2020-03-05 09:34
It is the only coin above its 17/18 peak and at the same time making new ATH. With the exception of BNB, the rest of the bunch is 50% below the 17/18 peak.
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2020-03-06 08:52
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2020-03-06 09:51
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stolzlos
2020-03-07 09:06
BTCUSD: What is it going to be? Up or down?
julianmb
2020-03-07 09:10
Up
stolzlos
2020-03-07 09:10
If we have a liquidity event, which is not unrealistic, then I doubt that cryptos get away. Sharp break, sharp recovery, settling and then a race higher.
stolzlos
2020-03-07 09:10
Depending on time horizon, I fully agree.
stolzlos
2020-03-07 09:12
But markets tend to fool you and that trendline is *still too obvious* for my taste.
julianmb
2020-03-07 09:12
Same happened in the previous halving
stolzlos
2020-03-07 09:13
when is the next halving again?
julianmb
2020-03-07 09:13
May
stolzlos
2020-03-07 09:14
thanks. If I were a market maker I would cause a break in May :wink:
julianmb
2020-03-07 09:15
That's the plan
stolzlos
2020-03-07 09:16
but downside first, then upside. Otherwise MM could not load up.
stolzlos
2020-03-07 17:09
*XRPUSD*: I was so bullish once on Ripple. Just creeping along and looking pretty shitty. As long as the upper trendline is not broken, the risk remains (and getting stronger) that it breaks down. And since it is the 3rd largest coin (by market cap) I have zero doubt that it will take the entire space with it.
stolzlos
2020-03-07 17:12
A breakout in BTC or BCH may change the situation and drag it along. Whatever comes first.
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2020-03-08 19:22
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stolzlos
2020-03-09 11:51
Liquidity crunch inbound. Better to watch that trendline.
nemanja.mirkovicru87
2020-03-09 13:25
where do you think btc will settle this time
nemanja.mirkovicru87
2020-03-09 13:25
read in a few places that free fall hasn't even started yet
stolzlos
2020-03-09 14:53
As of this moment, there is no break yet. 7000ish and I would get worried.
stolzlos
2020-03-09 14:56
As for price, 4300 is realistic. But if BTC falls below 3000 all bets are off.
stolzlos
2020-03-09 14:58
If it really breaks of course
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stolzlos
2020-03-11 17:18
BTC still testing that very important uptrendline.
stolzlos
2020-03-11 17:19
Btw, that trendline is 4.5 years old.
stolzlos
2020-03-11 17:20
But with markets again tanking and the correlation between stocks and cryptos getting stronger it may just be a matter of time now before it breaks for real.
stolzlos
2020-03-11 18:18
Indeed it is. Good luck!
mykolas.ramanauskas
2020-03-11 22:49
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nemanja.mirkovicru87
2020-03-12 10:51
hey guys, can you register a company account at Coinbase? I see they have "Coinbase Institutional" but I'm not sure if that's meant for simple btc buying/selling?
ivo
2020-03-12 10:58
@nemanja.mirkovicru87 Yes, you can but prepare yourself for KYC nightmare
nemanja.mirkovicru87
2020-03-12 10:58
haha probably yeah. What alternative would you recommend?
ivo
2020-03-12 10:59
Depends on where your company is registered on if you need fiat deposit and withdrawals
stolzlos
2020-03-12 11:46
WFT!
stolzlos
2020-03-12 11:46
-27%! That went fast!
stolzlos
2020-03-12 11:47
total obliteration ....
stolzlos
2020-03-12 11:50
BTCUSD: Second trendline is now also gone. The crypto market is now a slave to global liquidity conditions.
sterk
2020-03-13 13:53
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sterk
2020-03-16 08:44
Down down down :sweat_smile:
matthias.wernig
2020-03-17 21:12
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danz
2020-03-20 14:26
But does Transferwise accepts it? Will not they ban your account because of sending it to there?
stolzlos
2020-03-20 17:26
feels like that the squeeze is already completed and that everybody who thought to get in cheap has bought
julianmb
2020-03-20 17:27
Another opportunity to short
stolzlos
2020-03-20 17:27
indeed. If you got the balls for it :wink: (hint: I don't)
julianmb
2020-03-20 17:28
You are talking about Btc or stocks?
stolzlos
2020-03-20 17:28
no. Crypto itself.
stolzlos
2020-03-20 17:29
But to short *crypto* stocks is actually a good idea. I see nothing but doom when I look at them. But that feels like a never ending story.
julianmb
2020-03-20 17:30
Sold at 6900, buying again at 6000
stolzlos
2020-03-20 17:31
now the big question is this. Will BTC crack 3k or not?
It would cause mayhem in the crypto world to see BTC retest 1k.
julianmb
2020-03-20 17:34
Not going to happens
stolzlos
2020-03-20 17:34
sorry. misunderstanding. Meant crypto stocks. But regular look bad as well. S&P just does not find excited buyers. Very silent. Too silent.
julianmb
2020-03-20 17:34
Too many criminals and sanctioned countries using Btc
stolzlos
2020-03-20 17:35
haha. they also will go belly up.
stolzlos
2020-03-20 17:38
but you make a valid point.
Nevertheless I believe that main demand or ownership is for speculation and that will (possibly has to) get liquidated I assume.
himself
2020-03-20 21:35
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julianmb
2020-03-20 23:04
Bought at 6000, seems a good dip
julianmb
2020-03-20 23:04
But not holding, selling here at 6100
mikeseo
2020-03-20 23:30
I've sent 3 transfers from transferwise to http://crypto.com and so far my tw account is fine
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2020-03-22 03:16
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stolzlos
2020-03-23 10:10
As of now, I would say that the next slide is not that far away. 3k is all that matters.
sterk
2020-03-23 10:25
Based on what?
stolzlos
2020-03-23 10:26
just chart reading
stolzlos
2020-03-23 12:46
Fed just rescued BTC (cryptos)
stolzlos
2020-03-23 12:48
for now
buynps.org
2020-03-23 15:50
this is halarious
fattail
2020-03-26 13:05
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bruce_edwards
2020-03-28 08:28
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stolzlos
2020-03-28 09:53
It seems that cryptos are unimpressed by a global wave of additional money worth 12 trillion dollars.
stolzlos
2020-03-28 09:53
I suspect that the continuation of the move down will happen within the next 2 weeks.
stolzlos
2020-03-28 09:55
3k is all that matters
stolzlos
2020-03-28 09:59
on a side note, if that money were to rush into cryptos only (eventually it will), a single BTC would be worth north of 1mil USD.
nemanja.mirkovicru87
2020-03-28 10:29
Why do you think it will hit 3k? Or you are hoping it will?
stolzlos
2020-03-28 11:50
The recent move from 10k to 4k will have followup. I have zero doubt about that.
stolzlos
2020-03-28 11:52
When looking at the chart 3k is pretty strong support. Many ppl will buy there. And yes, as a buyer I hope we get down there but only for risk/reward reasons.
stolzlos
2020-03-28 14:02
you can trade Bitcoin, Ethereum and EthClassic via OTC (stocks)
stolzlos
2020-03-28 14:02
The NAV swings are just ridiculous!
stolzlos
2020-03-28 14:06
ETC trust vs. ETCUSD on Kraken. Equilibrium is (should be) at *0.96*
stolzlos
2020-03-28 14:08
Picking up ETCG in a down move at 15% over NAV or lower is close to printing money
stolzlos
2020-03-31 18:47
smells like a short term rally is in the cards. Stocks still look good.
stolzlos
2020-03-31 18:48
BCH has the best chart as far as I can see.
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2020-04-01 02:00
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2020-04-01 14:36
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stolzlos
2020-04-01 19:47
chances of a further rally are getting very small unfortunately ...
mikeseo
2020-04-02 02:27
Does BCH have any future development/adoption hope? Which cryptos have the brightest future in 3-5yrs?
mikeseo
2020-04-02 02:27
BTC, ETH, XRP?
stolzlos
2020-04-02 12:46
good question. Since the tech is quite established I assume it depends now mostly on marketing, usability.
stolzlos
2020-04-02 18:25
cryptos came back and actually broke out to the upside. At least it looked that way. The day is not over but right now it seems that the breakout will fail.
sterk
2020-04-02 19:35
Fingers crossed
bartek
2020-04-02 22:08
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stolzlos
2020-04-03 03:30
breakouts failed, expecting next down move pretty soon
hobietimmer
2020-04-03 13:03
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prashantpawar
2020-04-03 23:31
BCH has one of the best tech going on in the Bitcoin clone field (LTC/BSV/BCH etc).
They are implementing Avalanche protocol which allows them to accept zero-conf transactions without being prone to double spend attacks (basically using their script you will include a proof in the tx which will force you to burn more crypto if you try double spending it).
This makes it the fastest crypto with lowest fees in the top 10 cryptos.
BCH has one of the two ways to go:
1. It completely takes over the LTC market and becomes the Layer 2 solution of BTC where all big tx are settled on BTC, but all small tx are settled on BCH. This is good for BCH.
2. It becomes the testing layer of BTC, where eventually BTC adopts all technological solutions BCH shows to be working. This isn't so good for BCH.
mikeseo
2020-04-04 00:29
any thoughts on ETH for long term investing?
prashantpawar
2020-04-04 01:47
It depends how long is "long term" is here. If I am going into coma for 10/20/50 years, then I would put all my crypto in BTC.
For other scenarios ETH is absolutely the cryptocurrency for it being undervalued. It has the most activity for any smart contract blockchain project. It has a thousand flowers ready to bloom on it. There's no competition to it from other projects (and I am long term friends with the founder of one of the top 10 cryptos on CMC which is supposed to be Eth competitor).
The scalability is obviously the main thing they need to crack, but they're the only ones who are going to solve it. In a very annoying Etherian way they have multiple teams working on it and implementing multiple solutions (this isn't the first time they're doing this shit).
But other than that, the UX, and other infrastructure apps are all being built on Ethereum, which really changes everything for the whole crypto industry.
omocha_10
2020-04-04 11:43
@prashantpawar For a 3 year investment horizon, how would you build a criptofolio?
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2020-04-04 11:54
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stolzlos
2020-04-04 14:36
I would not worry about point 2. They won't adopt due to politics. And even if they do one day, I assume that the gap would be too big to close.
prashantpawar
2020-04-04 17:01
@omocha_10 I believe that the best strategy is Index fund strategy with something like Shrimpy to rebalance your crypto between the top 10 cryptocurrencies.
The idea is that all cryptocurrencies which are in the top 10-20 are there because there is some reasoning behind them, a group of investors who either have some information, some usecase which makes them value it highly.
Even if you think the reason behind BSV is simply because shills and money laundering, or XRP is a total centralized coin, there are things behind them (like banks for XRP and tools behind BSV), or EOS is an SQL database for gambling DAPPS, this means that it will remain in top 10 and gain value with the bull run and there will be relative volatility between these cryptos and others (primarily BTC).
A rebalancing strategy benefits from this volatility greatly.
If you started with $5000 in 2016 Oct (which is where we are now when compared to the halvening cycle), an hourly rebalancing strategy between the top 5 cryptos would result in your 7.6 BTC becoming 52.3BTC whereas Hodling these 5 cryptos would result in only 10.3BTC.
Keep in mind. doing hourly rebalancing (or anything short from Yearly rebalancing) would turn your Long Term Cap Gains to Short Term Cap Gains, but the strategy gives you returns higher than the tax implications. On the other hand, if you live in a 0% cap gains jurisdiction (like me) or where LTCG is the same as STCG, then even better.
marcdomancie
2020-04-04 20:43
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omocha_10
2020-04-05 12:36
Very interesting @prashantpawar . But the cryptos remain in the exchanges, isn?t that very risky?
prashantpawar
2020-04-05 13:41
Only 20% of your crypto is required to be there for rebalancing once you have too much of an asset or too little, you move it out or in to the exchange.
I only have 10%
just4cassie
2020-04-05 16:55
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lucaboero25
2020-04-05 17:22
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stolzlos
2020-04-06 07:38
no breakout, no breakdown either, should be bullish but charts are not convincing me. Much risk, little to gain. Will wait for more clarity.
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2020-04-06 18:10
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2020-04-06 18:11
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2020-04-06 19:53
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2020-04-06 20:29
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2020-04-07 02:37
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2020-04-07 18:40
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mikeseo
2020-04-08 03:21
how are you guys converting fiat to crypto?
http://crypto.com, I've successfully sent EUR from Transferwise to them and it worked, but I'm a bit scared of losing my TW account.
kraken, they accept EUR wires but not from Transferwise, they want me to go through Etana, still getting verified on Etana.
coinbase, there's some bug and I can't get verified and support doesn't reply.
stolzlos
2020-04-08 05:30
but USD only
mikeseo
2020-04-08 13:02
Just found out that Etana doesn't accept EMI's like Transferwise. So not sure what the point is to use them. Might as well just send a EUR wire direct to Kraken instead of through Etana.. maybe for other currencies?
paul_inkpen
2020-04-08 16:50
Does anyone have experience with this topic, if so thanks for your input:
Can a non resident WY LLC own crypto?
simon
2020-04-08 18:07
@paul_inkpen Yes, it can own crypto and other financial instruments
paul_inkpen
2020-04-08 18:20
Thanks. I will look deeper into it. :smile::+1:
danz
2020-04-08 20:31
I use Kraken
danz
2020-04-08 20:32
But TW doesn't want crypto, so I would use other banks. I am using a bank in Georgia, that works fine with Kraken, Bittrex, Bitfinex and other exchanges so far.
danz
2020-04-08 20:34
A lot of the exchanges only accept banks from SEPA countries unfortunately, but those three exchanges accept more. (I checked tens of exchanges)
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2020-04-10 07:41
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2020-04-11 15:46
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2020-04-12 01:15
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2020-04-12 16:37
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2020-04-12 22:07
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2020-04-13 02:05
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2020-04-13 15:40
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2020-04-14 16:44
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kuka
2020-04-15 03:34
Looking to purchase more btc, but this time have the money in transferwise account. What?s the best way to do that from TW to some exchange?
eddieringleb
2020-04-15 06:18
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stolzlos
2020-04-15 13:59
looking shaky out there. Expecting that the highs of the squeeze are in.
timorshait
2020-04-17 19:06
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stolzlos
2020-04-18 12:02
another failed breakdown. I am starting to think that there is more substantial upside here. Possibly to 10k.
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2020-04-20 02:40
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stolzlos
2020-04-20 18:30
BTCUSD: Take your pick
house.leelah
2020-04-22 06:41
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2020-04-22 16:04
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2020-04-23 07:43
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2020-04-23 08:32
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2020-04-24 03:26
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2020-04-24 07:08
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paul_inkpen
2020-04-24 17:36
Does anyone have a view on XRP?
odufey
2020-04-26 06:36
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alejandro
2020-04-27 13:08
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nechita.beniamin
2020-04-27 22:18
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gun
2020-04-30 14:02
@prashantpawar where did the 'hourly rebalancing' idea come from? Is there a fund or automated way of doing this, or things like it?
gun
2020-04-30 14:15
http://Crypto.com to a currency balance that is opened in "your name" not in http://Crypto.com's bank name. Check the Account name is only your name and you're good
burrup.lambert
2020-05-01 21:54
@prashantpawar, you need to take historical index constituents into account. The Shrimpy "back testing" platform is very basic. It is not able to account historical index composition on any given month, day, week, or hour. To be accurate it needs to only consider cryptos that were part of the top 5 for that hour (or day or week or whatever rebalancing period you are testing).
For e.g you are currently assuming that the top 5 cryptos for every hour from 23 Oct 2016 to 30 Mar 2020 were BTC, LTC, ETH, STELLAR and XRP. I doubt all of those have stayed in the top 5 for that period (I could be wrong though, need to test!).
The back testing engine also lacks associated trading costs like spreads, commissions, swaps (if there are any) and slippage. Those can quality turn a profitable paper strategy into a losing one in real trading. Rebalancing with higher frequency will increase those costs as well.
I'm not saying a rebalancing strategy is bad, I'm just saying that the Shrimpy back test engine doesn't tell the whole story.
ktos.zajal.moj.login
2020-05-02 21:10
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2020-05-06 06:38
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2020-05-07 05:59
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2020-05-08 03:46
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2020-05-09 02:45
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2020-05-09 07:50
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2020-05-10 08:50
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2020-05-11 14:41
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2020-05-11 19:26
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michael
2020-05-12 10:19
Anyone trade / buy "REP / Augur"? If yes, which exchange do you use to buy? Thank you! I'm helping an associate out. :slightly_smiling_face:
tamg1982
2020-05-12 12:17
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clr
2020-05-12 12:55
REP is listed on Kraken, for instance.
stolzlos
2020-05-12 13:44
I find it absolutely incredible that BTC made it back to 10k while most alts continue to look pretty bad.
stolzlos
2020-05-12 13:45
If BTC manages to get further up to lets say 12k then I would start to turn bullish long term.
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2020-05-18 20:18
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markusrahr
2020-05-19 07:31
Hi guys!
We work with eCommerce. Our business is registered in HK.
Some of our expenses can only be paid in cryptocurrency. So we need to be able to convert some of our USD to BTC and send them to suppliers.
I have looked into https://wirexapp.com/en but wonder if you guys know any other/better options?
A second option would be to use our other company in Seychelles. Sending the money in USD to our Seychelles company, then have the Seychelles company make the exchange and pay out the BTC to suppliers. But then we would need a bank and exchange that want to work with a Seychelles company. Might be harder, I think (?).
If any of you guys have any input, it'd be very glad to hear them! Thanks. :slightly_smiling_face:
ledrewy
2020-05-19 08:17
Bittrex allows you to deposit USD using credit card. Would that be better for you, @markusrahr ?
markusrahr
2020-05-19 09:43
@ledrewy Thanks for the suggestion. If we can deposit via bank transfer, that'd be better for us. But I will try to apply for a Bittrex business account and see what happens.
markusrahr
2020-05-19 09:51
@ledrewy Can we use Bittrex to send BTC to our suppliers' wallet addresses?
mikeseo
2020-05-19 10:30
@markusrahr what about kraken? they accept EUR wires
markusrahr
2020-05-19 10:48
@mikeseo Yep, they were the first ones I thought of also. I am currently corresponding with their onboarding team but it seems that they have strict requirements in terms of proof of address for the company etc.
Like many others, we don't operate from Hong Kong and we don't have a "real" bank for the company (only EMI's which Kraken apparently won't accept). But I hope they will accept us eventually.
paul_inkpen
2020-05-19 14:25
Coinbase accepts wires from Revolut
danz
2020-05-19 15:45
Perhaps you could check out Mistertango. I know they offer banks & crypto services.
mikeseo
2020-05-20 00:24
Anyone have a problem getting verified on coinbase? I can't seem to verify my account, like there is a bug when I submit address verification and their support won't reply.
danz
2020-05-20 00:47
I have been waiting on a reply for over 2 weeks from Coinbase. Normally I would get a reply in 2 days
ledrewy
2020-05-20 05:15
Bittrex is an exchange, so yes, you can send BTC to any BTC wallet address
eduard543
2020-05-20 22:23
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stolzlos
2020-05-21 10:52
stolzlos
2020-05-21 10:53
something to worry about?
7070140
2020-05-26 10:06
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2020-05-27 19:26
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2020-05-27 20:56
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2020-05-29 07:23
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2020-05-31 06:21
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2020-06-03 08:43
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stolzlos
2020-06-06 15:23
the entire crypto sector is turning bullish.
stolzlos
2020-06-06 15:23
then again, what isn't right now?
stolzlos
2020-06-06 15:24
Expecting a solid rally soon.
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2020-06-09 09:32
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2020-06-09 11:32
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2020-06-11 17:28
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2020-06-16 03:12
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2020-06-18 08:19
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mikeseo
2020-06-20 08:55
I just tried using localbitcoins for the first time, I exchanged BTC for RUB (yandex money).
the current BTC price in RUB is 644,874 but the buyers on localbitcoins are paying 677,208 RUB... so I made 5%, why is that?
profit 5% if I sold BTC an bought RUB(yandex)...?
cost 7% if I sold RUB(yandex) and bought BTC.
cost 2% if I sold BTC and bought USD.
cost 8% if I sold USD and bought BTC.
cost 2% if I sold BTC and bought CNY(alipay).
cost 2.5% if I sold CNY(alipay) and bought BTC.
ivo
2020-06-20 09:31
@mikeseo LB is on of the best ways to onramp Fiat without undergoing AML/KYC. Hence, countries with stronger capital controls will pay premiums in order to exchange their currency into BTC in order to get it out of the country. If you think 5% is good just see what you can get selling BTC in Argentina or Lebanon. AFAIK Russia has removed all existing capital controls last year, but has started to tax offshore cash holdings and require citziens to report their funds held by financial institutions outside the country. That may explain the increased demand and your premium.
burrup.lambert
2020-06-20 20:35
@ivo correct. Here is an example of the Argentine Peso > https://www.usefultulips.org/ARS_Page.html
You can clearly see transaction volume on Local Bitcoins has been increasing for years as well as a clear deviation from the global spot price (calculated from http://cryptocompare.com)
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2020-06-21 13:04
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2020-06-23 09:35
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2020-06-24 07:55
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2020-06-25 01:57
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2020-06-25 12:04
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2020-06-26 01:40
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brab
2020-08-03 15:18
Buckle up, bubble of a lifetime incoming imo :sunglasses:
mgonlinephone
2020-08-31 23:18
Hi, looking for contact in Singapore buying cripto, I have some to sell
omocha_10
2020-09-02 11:45
Hi all, which is the best way to go invest in criptos?
Kept them in hardware wallet/cold storage, buy them on a personal or company exchange, peer to peer(personal or company), ATM?
I got an Estonian company. Would be better for the company to hold them or by me?
Thanks
mb
2020-09-02 11:48
You mean, in what to invest or...?
mb
2020-09-02 11:49
If you like risk, there's crazy yields going on: https://decrypt.co/40299/sushiswap-takes-on-uniswap-as-defis-highest-flying-unicorn
mb
2020-09-02 11:49
~2000% APY (variable of course). Yes, no commas.
mb
2020-09-02 11:50
Currently investing in https://kimchi.finance/#farm with a APY of 21025% (no commas, yes)
mb
2020-09-02 11:50
But be prepared to loose everything you put in.
omocha_10
2020-09-02 13:10
Thanks. But my question was related to which is the best way to hold them/buy them. Through a Estonian company, as a personal investment, etc?
mb
2020-09-02 13:13
I think it depends on your objectives and residency. Want to trade and invest and defer tax? Do it in the Estonian company. But depending on your residency it might be better for you to pay taxes on a yearly basis for your capital gains.
mb
2020-09-02 13:14
But I think the same principle applies to normal business income too. If you plan to invest it or do 'tax planning', keep it in the Estonian company until you want to get it out in a favourable way.
mb
2020-09-08 09:13
I have a UK LLP and need to invoice in a specific cryptocurrency. Thus far I haven't found any software which would support this. E.g. http://quickfile.co.uk only allows FIAT currency (GBP, EUR, USD, etc). If I invoice in FIAT then the amount might be inaccurate because of the volatility of the specific cryptocurrency.
Does anyone have experience doing this from a UK company?
danz
2020-09-08 16:24
No, I haven't deal with that exactly, but I have dealt with a few invoices that come in USD and that I book in with EUR with a UK company. The invoice price also changes daily then. It's annoying, the accountant wanted the rate of the day of doing the return which was fine to me.
mb
2020-09-09 15:43
Doing the return? You mean the date it was paid/received?
danz
2020-09-11 15:09
The day of the VAT return I mean
mgonlinephone
2020-09-14 06:36
for USDT Buyers from Argentina, I can sell some
openaccessconsultingl
2020-09-16 09:29
What is the optimal way to convert crypto to the real money? Let?s say I have 100.000 ? in crypto and would like to have traditional money in my pocket? Is the story different when the amount is much higher? Does the double Irish Dutch sandwich still works?
seb.malek
2020-09-16 09:31
dutch sandwich has nothing to do with cashing out crypto
seb.malek
2020-09-16 09:31
anyway
seb.malek
2020-09-16 09:31
it depends on the source of funds, can you prove it?
openaccessconsultingl
2020-09-16 09:55
Not sure, it is not mine. Considering the amount, I can guess it is a bit tricky
mb
2020-09-16 10:01
The easy way: A centralised exchange like Kraken or Coinbase. If you want to convert to actual cash in hand, you'll have to find a crypto ATM. But fees run between 8%-10% or more. That's ATM fees + not a real favourable exchange rate.
mb
2020-09-16 10:02
With the ATM's you'll have to run cycles of a couple of visits spread out over days, in case you're trying to remain within 'light' KYC rules (simply provide a phone number).
simon
2020-09-16 10:08
Also, keep in mind that most countries tax crypto-related capital gains (not to mention income tax, if the coins were received as payments).
openaccessconsultingl
2020-09-16 10:09
Thanks!
burrup.lambert
2020-09-16 13:01
Burner phone + crypto ATM / local bitcoins.
mikeseo
2020-09-16 13:36
you can buy physical gold with bitcoin
danz
2020-09-16 15:15
@openaccessconsultingl If you have a big amount (more needed than that amount) you can use OTC services and sell it in one go. Some services work together with banks, so you can already have a pre-approval of the bank to receive that big of a sum before you sell and sent, so you don't have any headache after as a lot of banks are still making it difficult to receive big amounts of money through the selling of crypto. I consulted someone about this 2 years ago and he mentioned this.
openaccessconsultingl
2020-09-16 15:18
Thanks for this
openaccessconsultingl
2020-09-16 15:22
From the story like ?Could you help my friends to exchange crypto to real money as cheap as possible?, seems they actually have 3M of USD somewhere and they need urgently to get the cash. Obviously it is illegal money so I don?t want to be a part of it.
burrup.lambert
2020-09-16 19:12
Silver Bullion takes crypto payments.
mgonlinephone
2020-09-17 00:58
I?ve been selling crypto through binance P2p. It would take maybe one week to cash out 100k eur without losing %, instead earning 1% to 3%
mgonlinephone
2020-09-17 01:00
I have applied http://XACE.io with my UK based Company to be able to manage volume
mb
2020-09-18 06:35
Btw, if anyone has a (Ethereum) wallet they used to do swaps on http://Uniswap.io _before_ September 1st, you can claim 400 UNI tokens for free. 1 UNI is worth almost $5 as of writing.
mb
2020-09-18 06:36
And just be aware that _claiming_ the tokens might be a taxable event wherever you are...
kuka
2020-09-18 13:31
Thanks for sharing! Did you exchange UNI<->ETH/else on uniswap itself?
mb
2020-09-18 13:43
No, just held on to it and plan to do so.
mb
2020-09-18 13:43
Yourself?
mb
2020-09-18 13:47
Is anyone currently actively yield farming? Feel free to share. I'm currently providing liquidity on https://swerve.fi/ mainly because it's a stable token pool (as opposed to providing liquidity with a volatile token in the pair, and higher risk of impermanent loss).
Some places to see an overview of farms:
? https://www.coingecko.com/en/yield-farming
? https://harvest.finance/ (does sell your farmed SWRV or UNI right away. Might not be always ideal in case you want to hold on to the farmed token itself.)
? https://yearn.finance/vaults
Also be careful with unaudited smart contracts. Here an overview:
? https://defisafety.com/
mb
2020-09-18 13:50
Current APY (volatile) on Swerve is 109%. You can add your wallet to https://debank.com/portfolio/ after providing liquidity to accurately track your APY.
sterk
2020-09-18 14:03
I have tried to read into this whole farming thing as it seems to be popping up everywhere. But I really have no clue what it is
kuka
2020-09-18 14:06
Just claimed them
mb
2020-09-18 14:06
You essentially provide liquidity (Any type of token) and it 'mines' a specific token, which has a certain market value.
kuka
2020-09-18 14:06
Have several wallets that I used with it, a nice perk
mb
2020-09-18 14:06
I'll try to find articles to make it more accessible.
kuka
2020-09-18 14:06
Are you optimistic about it?
sterk
2020-09-18 14:07
I have some ETH which i have no real use for\
sterk
2020-09-18 14:07
Can I simply hook up my wallet to a farming platform and it will take care of it?
sterk
2020-09-18 14:08
Or do they need to be other tokens?
mb
2020-09-18 14:08
Yes, but do you intend to keep your ETH or you don't care? You could swap it to any type of stable token (USDT, USDC, TUSD, DAI) and deposit this on http://Swerve.fi or else where.
mb
2020-09-18 14:08
It depends what kind of pools are available.
mb
2020-09-18 14:09
If you want to 'mine' UNI you could go to Uniswap's own pools.
sterk
2020-09-18 14:09
I intend to keep my BTC, all my other coins i dont really care about
mb
2020-09-18 14:09
You can actually get BTC on Ethereum now. Which you can also use for yield farming.
mb
2020-09-18 14:09
Tokenized BTC.
mb
2020-09-18 14:10
Nice :slightly_smiling_face: Did you also provide liquidity? Because you'll get more UNI proportionally. I did, but only on September 2 and beyond :smile:
mb
2020-09-18 14:11
Hmm I mean, the price will likely be very volatile.
kuka
2020-09-18 14:11
Nope I didn?t, have to check the details first
mb
2020-09-18 14:11
Given a lot of coins are released. And more will the coming 2 to 4 years.
kuka
2020-09-18 14:11
My strategy so far is to stick to btc and eth, not the sub tokens
kuka
2020-09-18 14:11
Ok, that?s interesting
mb
2020-09-18 14:11
But for now I intend to keep, simply because it might be that you'll get a portion of Uniswap's trading fees based on holding UNI.
mb
2020-09-18 14:11
It's a governance token.
mb
2020-09-18 14:12
Just like Swerve, where you mine SWRV. Which allows you to 'vote' on certain things.
kuka
2020-09-18 14:12
Yeah I?m out of touch with the defi space, seems a lot of new products popped up in the last year
kuka
2020-09-18 14:12
I just saw the links you posted in #cryptocurrency , I?ll check them out, thanks
mb
2020-09-18 14:12
Yes definitely.
mb
2020-09-18 14:13
yearn.finance is interesting, built by https://twitter.com/AndreCronjeTech and his small team.
mb
2020-09-18 14:14
Essentially they built a 'vault' where you can lock ETH or DAI (they have other vaults too) and it does all sorts of borrowing/lending/yield farming beneath, and you get a volatile APY with decent smart contract risk.
kuka
2020-09-18 14:16
Yeah, haven?t seen anything like this before. That space attracts a lot of smart people it seems.
mb
2020-09-18 14:17
Not only :smile:
mb
2020-09-18 14:18
I mean, there are a lot of scams going on too.
kuka
2020-09-18 14:18
Yeah lol, but those types are everywhere.
mb
2020-09-18 14:18
Where you provide liquidity and the smart contract deployer has a so called 'infinite mint' function built in.
mb
2020-09-18 14:18
Allowing him to drain liquidity by minting as many tokens they want > then dump.
mb
2020-09-18 14:19
Almost got burned with Kimchi that way.
mb
2020-09-18 14:19
What's interesting is following wallets of users with huge balances like https://app.zerion.io/0x4fb685826a37c4d607059c53cac1b9142f295f01/overview
kuka
2020-09-18 14:20
Yeah, it?s not easy to diff between legit and non legit projects
mb
2020-09-18 14:20
Just to see where to deposit their liquidity and what they do.
kuka
2020-09-18 14:20
Jeez, that?s a decent account.
mb
2020-09-18 14:21
Now imagine all the bigger accounts having used Uniswap... :slightly_smiling_face:
mb
2020-09-18 14:22
I know from one personal account where they had 500K just by getting UNI.
mb
2020-09-18 14:22
UNIversal basic income.... :slightly_smiling_face:
kuka
2020-09-18 14:23
Lol, nice! Oh man, tbh it feels like I missed the crypto train.
mb
2020-09-18 14:24
No honestly, yes a lot happened this summer, but I think from now to 2021 a lot is still going to happen.
mb
2020-09-18 14:24
In case you want some help understanding some aspects, feel free to message me. Happy to help.
kuka
2020-09-18 14:26
Yeah, thanks for that! I?m sure there?ll be a lot of progress in the space but do you think there will be 10x-100x opportunities?
mb
2020-09-18 14:27
All the time. But not without the risk.
mb
2020-09-18 14:27
These were recent ones:
https://www.coingecko.com/en/coins/pickle-finance
https://www.coingecko.com/en/coins/yieldfarming-insure
Was on the verge of investing, but held off. Also because of crazy high tx costs yesterday (because everyone got their UNI :slightly_smiling_face: )
kuka
2020-09-18 14:27
Oh yeah, I mean the risk is given in this space.
kuka
2020-09-18 14:27
Ok, checking these out.
mb
2020-09-18 14:30
Among others.
mb
2020-09-18 14:30
But really be careful, as there's high risk on these projects (not all).
kuka
2020-09-18 14:31
These meme visuals man, lol.
mb
2020-09-18 14:34
....
mb
2020-09-18 14:34
:smile:
sterk
2020-09-18 14:35
So basically you lend out your tokens and get a return on them?
kuka
2020-09-18 14:36
Thanks for the info though, I?ll dive in this weekend to see how all of it works. I dabbled with solidity a couple of years ago. Will be interesting to read those new contracts.
mb
2020-09-18 14:37
:ok_hand:
mb
2020-09-18 14:37
Sort of yes.
sterk
2020-09-18 14:50
Thanks
adrianozuardi
2020-09-24 01:42
Hi @simon, do you know if there?s any impediment in Wyoming law to a LLC invest in crypto?
simon
2020-09-24 07:46
@adrianozuardi Not that I know of.
simon
2020-09-26 20:54
set the channel topic: Everything related to cryptocurrencies
simon
2020-09-26 20:54
@simon has renamed the channel from "cryptocurrency" to "invest-crypto"
fenix5
2020-10-18 16:37
Hi guys, anyone investing in DeFi projects on Uniswap? So check this one *https://www.yfdai.finance* I found it couple of weeks ago. They got company registered in Singapore and now trying to get licence in Estonia. Nice staking at 6%/mth. The team is known by name which is not an industry standard. Looks like a nice gem at the begining of growth. More here https://yfdaifinance.medium.com/meet-the-yfdai-team-9101d1b9673f Let me know what do you think about that.
maxsuur
2020-10-20 16:55
How would you guys go about betting on the US presidential election with Crypto?
mb
2020-10-20 17:17
https://omen.eth.link/#/liquidity/category/News%20&%20Politics/curation-source/All%20Sources
Which is a Prediction Market run by the DxDAO.
You can also buy the Trump WINS or LOSES token, which several parties have released. If you buy a Trump WINS token and he ends up losing, the token in theory is worthless, etc.
FTX exchange (https://ftx.com/trump-tokens)
? WINS https://www.coingecko.com/en/coins/trump-wins-token
? LOSES https://www.coingecko.com/en/coins/trump-loses-token
Omen/dxDao/Gnosis
? https://www.coingecko.com/en/coins/dai-if-trump-wins-the-2020-election
? https://www.coingecko.com/en/coins/dai-if-trump-loses-the-2020-election
https://catnip.exchange/
mb
2020-10-20 17:19
So usually these tokens and prediction markets reflects a prediction, which is directly reflected in the price. As you can see right now the FTX issued tokens have these values:
? WINS -> $0.373711
? LOSES -> $0.630360
Essentially as you can see in the price, roughly 37% thinks he will WIN and 63% think he will Lose, at least on FTX.
mb
2020-10-20 17:20
So the WINS token is cheaper right now. If you believe (or have information...) that he will WIN, you can make a decent profit so to say.
mb
2020-10-20 17:21
In terms of liquidity I think FTX and OMEN have the most.
netroxx
2020-10-21 08:04
pay attention betting on this. Read the T&Cs. At least last time I checked on FTX, they are very very flexible defining a "win" and a "loss" (e.g. can win the vote, but will still be defined as a loss if not inaugurated by date x).. I leave it to your imagination whatever can happen in that election chaos, including both parties not accepting a loss and blaming the messed up voting by mail. I wanted to trade these, but there are too many variables that could mess up a winning trade https://help.ftx.com/hc/en-us/articles/360039118112
mb
2020-10-21 08:26
On Omen.eth.link the arbitrator (Judge) is https://kleros.io/ I'd put my money on Omen.eth.link but this is not advice.
maxsuur
2020-10-22 14:26
Thank you @mb and @netroxx for this very interesting information you've provided me with. Digging into it as of now!
maxsuur
2020-10-22 14:39
What do you think of Cloudbet, Nitrogen and BetBTC?
mb
2020-10-22 14:42
No experience whatsoever.
timorshait
2020-10-27 10:45
Hey all, had a couple of BTC questions which I hoped you could help with:
1. Is it possible to buy BTC without having to verify with any tax documentation my account, and also when time comes to sell BTC and transfer to my bank account? If so, which platform?
2. Would you recommend investing $20K into BTC today, as the halving happened in May and we might see an increase of the price in the next 13 months or so? Would love to get your thoughts. Thanks
mb
2020-10-27 11:25
Hi @timorshait
1. I think most reputable exchanges will require you to do KYC. If they don't, I'd be hesitant to send my money there. If you can, try constructing the buy/sell through a business entity (e.g. Estonia or otherwise) by opening a business account with any of the centralized exchanges (Binance, Kraken, Coinbase, etc.). The alternative is Bitcoin ATM's. From my experience in Spain, Czechia and Slovenia, they do a light form of KYC (just a unique phone number to verify a SMS code) with a cap. of a couple of thousands (but not big). Obviously this can be 'gamed' by visiting ATM's and providing different phone numbers each time. Obviously there is a fee involved (including a not so favorable exchange rate between crypto/fiat) which is anywhere between 5% to 10% or more. In a way, that's your 'tax' and might still be better for you. The cheapest ATM I found was in Berlin.
2. I don't think anyone should recommend anything as this is highly speculative. But if you ask me, would you invest in BTC today? I would (and am investing) but doing so with a longer period in mind of a couple of years, instead of a quick buy/sell action over the course of a couple of months (which is not to say, that that might work out well to you). Again, not advice and do your own research.
Personally I hedge between BTC, ETH, and maybe some fiat. Can elaborate why if interested.
kuka
2020-10-27 14:31
HI @timorshait, Michel covered the base. You can do it without banks, just depends on the fees you?re willing to pay and how far you?re ready to travel. I?d start by checking out http://localbitcoins.com in your area and filtering out by cash deposit.
kuka
2020-10-27 16:36
Check out videos by Benjamin Cowen and Alessio Rastani. No moonboy stuff, rational and analytical.
kuka
2020-10-27 16:36
Personally I believe that BTC will become a 10tln asset eventually.
kuka
2020-10-27 16:37
I?m biased though because BTC and ETH are my pension and main savings account. Recently I dove into DeFi space as well after chatting with @mb about it. A lot of exciting stuff happening.
marziovit
2020-10-29 08:01
Guys, how high is the probability to get scammed by using localbitcoins?
mikeseo
2020-10-30 10:29
@marziovit I haven't gotten scammed yet, you can see reviews of the sellers/buyers, lbc acts as an escrow, you can do a small transaction first to test the sellers/buyers
marziovit
2020-10-30 11:31
@mikeseo awesome, do you know ho private LBC really is?
mikeseo
2020-10-30 17:02
I don't know, but you could buy lbc verified accounts from https://roober.cc/
omocha_10
2020-10-31 13:32
Hi,
What would be the best way(if it?s possible) to move ?Bitcoin? and ?Etherum? from a Revolut account to a Nano/Trezor?
I mean the cheapest and more ?comissionless and slippageles? as possible.
And... if one sells ?cripto? in Revolut for a profit and then re invest it in cripto to store on a Nano/Trezor..... cap gains should be payed?
omocha_10
2020-10-31 13:32
Thanks
kuka
2020-10-31 13:35
@omocha_10 you just send it to your address
kuka
2020-10-31 13:35
please look into the way public/private keys work in both networks, otherwise you have a high chance of screwing up at one point and it?s costly to do so in crypto
kuka
2020-10-31 13:37
You can always send assets to your public addresses. You don?t have to do/connect anything. All is done outside of your hardware wallets.
omocha_10
2020-10-31 13:53
@kuka Is it possible? Or in Revolut you have a token/derivative and not real cripto?
mb
2020-10-31 14:17
As far as I remember Revolut only allowed you to buy and sell in their app. But not send it out. Just like PayPal...
omocha_10
2020-10-31 17:44
@michael That?s what I understand.
mb
2020-10-31 18:34
So in a way you are not buying 'actual' crypto. Can you briefly state what you are trying to achieve? May be able to help you in the right direction.
bartek
2020-10-31 19:54
in revolut you are not owning actual crypto and can't send it anywhere, you only own representation of it, so best you can do is to sell, then transfer money anywhere you want and buy back your crypto in normal way
kuka
2020-10-31 23:55
Oh wow, that?s bad. Yeah, get your fiat back and use Coinbase/Binance/Kraken exchanges or localbitcoins @omocha_10.
omocha_10
2020-11-01 01:49
Thanks
omocha_10
2020-11-01 08:23
Thanks. What would be the best system to do this, to get the same amount of cripto I have now in Revolut when I have them in real cripto?
mikeseo
2020-11-15 16:51
how to use bitcoin anonymously? (assuming you don't buy/sell on coinbase etc) Should you use a proxy/tor when sending/receiving bitcoins? Wallets that don't re-use public addresses? Mixers?
mikeseo
2020-11-15 16:55
how anonymous is mycelium + orbot?
mb
2020-11-15 17:49
You can buy BTC on any exchange, but then use a mixer to get it in an anonymous wallet. https://news.bitcoin.com/how-to-mix-your-bitcoins-using-coinjoin/
mb
2020-11-15 17:50
Or you buy ETH and send it to https://tornado.cash/ wait a couple of days (longer is better) and send to a fresh Ethereum wallet. Better to break up amounts over several wallets in the end.
mb
2020-11-15 17:53
For storing big amounts (say 10k+) I'd recommend storing it in Gnosis Safe (http://gnosis-safe.io ). It gives you 2FA security given it's a multi sig wallet (set multiple owners and a threshold of how many owners need to sign to send out a transaction and you can afford to lose X out of X owners/private keys).
mb
2020-11-15 17:54
You can actually keep BTC on Ethereum if you trust the company behind Wrapped Bitcoin (WBTC) which is BitGo.
mb
2020-11-15 17:58
Which in case: Buy ETH on any exchange -> send to a Ethereum wallet (use tornado cash in between if you need anonymity) --> Go to https://app.uniswap.org/#/ and swap ETH for WBTC.
Alternatively use https://0x.org/asset-swapper or https://1inch.exchange/#/ to find the best price for your trade on decentralised exchanges (no KYC).
mb
2020-11-15 17:59
As they aggregate liquidity across several exchanges.
mb
2020-11-18 09:31
Mexico?s second wealthiest man invests 10% of his liquid portfolio into Bitcoin
https://twitter.com/RicardoBSalinas/status/1328850136290775041?s=20
mb
2020-11-20 08:50
Just got this shared today:
mb
2020-11-20 08:50
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mb
2020-11-20 08:51
Curious on your general thoughts @simon and others here.
mb
2020-11-23 07:30
The level of freedoms that the U.S. has provides an argument for the country as the most crypto-friendly location, although Puerto Rico also has its benefits.
https://cointelegraph.com/news/friendliest-of-them-all-these-could-be-the-best-countries-for-crypto
p.rawson100
2020-11-23 14:50
+
jason
2020-11-23 22:13
I disagree with that assessment about the US being crypto friendly, buying a stick of gum with crypto is a taxable event..
prideaux
2020-12-07 22:56
has joined #invest-crypto
simon
2020-12-08 18:30
What do you guys think of major banks offering crypto trading services / wallets?
mohd
2020-12-08 19:23
Looks to me like some managers wanting bonuses jumping on the ?cool? trends?
eddieringleb
2020-12-08 20:23
Hi there all, what are your thoughts on the VRA tokens?
mb
2020-12-09 10:41
I think it's banks answering demand and to 'keep up'. Institutional investors are advised/advice to allocate a % in BTC/crypto and want a reliable custody solution.
mb
2020-12-09 10:42
Also neo banks and EMI's (Revolut, PayPal) started offering crypto services. Major banks haven't really.
mb
2020-12-09 10:45
Lastly, a couple of years ago crypto was taboo and high risk. Arguebly it still can be but the shift has definitely changed given the push by central banks to have a central bank issued stable token and with initiatives like Libra (now Diem) by Facebook.
danz
2020-12-10 15:20
I am glad major banks are doing it, as many banks are still not comfortable with receiving big sums of money from exchanges.
gun
2020-12-11 23:05
Q: Which exchanges are best to open corporate accounts either with an Estonia Company or a UK LLP for the purposes of purchasing & holding crypto assets in the name of the company?
ivo
2020-12-12 08:04
@gun It?s relatively easy to open an account with a UK LLP. I?ve suceeded at every exchange I tried to get an account (for a UK LLP, that is). The only exchange that gave me shit was Coinbase so far. Opened account at first, but closed it after a 2nd SOF check. The more important question you should ask is whether you need fiat onramps or not.
danz
2020-12-12 08:05
Same here, had no problems with an UK LLP so far
edgr
2020-12-15 12:41
@mb what do you think about the cardano project? I think its more promising than Ethereum. I think this year or January they will launch a side chain where you can run all ethereum smart contract faster on Cardano and with less cost.
mb
2020-12-15 12:43
I'd say, follow the money and where the developers are. Ethereum, including all the side chains, is quite big as a network. Lots of tokens are created on the platform. But it surely is interesting to following the development of other networks. I think in terms of infrastructure, a company like https://polkadot.network/ is interesting to follow. As they work on interoperability between all the different blockchain networks.
edgr
2020-12-15 12:47
I know this project, but I like Cardano because it?s more complete. E.g. Smart contracts are first citizens like transactions. The costs are deterministic. You can actually predict how expensive your project will be. I like the DSL for smart contract development. To name just a few. Ethereum lacks much of what is required for true financial migration.
edgr
2020-12-15 12:48
the hydra will scale better in terms of transactions than Visa does now.
edgr
2020-12-15 12:49
etc.
edgr
2020-12-15 13:06
and what I like most about this project is the research first approach
jason
2020-12-15 13:46
It's interesting that both Polkadot and Cardano were started by folks who worked on ETH early on. They all sound promising.
gun
2020-12-16 00:54
Can I ask which exchanges in particular? And yes I need fiat onramps
gun
2020-12-16 00:54
Can I ask which exchanges in particular? And yes I need fiat onramps
ivo
2020-12-17 09:29
Have an account with pretty much every major exchange. But I don?t use fiat on-/offramps. So cannot comment on that.
si006
2020-12-18 18:28
Hi all,
Does anyone know the requirements for buying and holding crypto with an Estonian OÜ? How are these assets reported and taxed later?
gun
2020-12-18 22:51
... random question: does anyone know of a way to automatically deposit $$ into an exchange and convert it into crypto on a periodical basis?
Eg. Trying to automate when receiving a monthly payment getting it into crypto without any human interaction.
gun
2020-12-19 03:34
Found https://www.swanbitcoin.com/
Does anyone know of a non-US exchange that does something similar?
simon
2020-12-19 03:44
http://Crypto.com allows recurring buys from debit / credit cards, as well as fiat (via bank transfer).
simon
2020-12-19 03:45
They are based in Hong Kong
gun
2020-12-19 07:32
Do you know if they have automatic withdrawal feature also?
omocha_10
2020-12-19 14:30
A friend of mine mentioned he was doing that in Coinbase, but not 100% sure.
simon
2020-12-19 15:30
@gun I don?t think so, I haven?t been able to find this option anywhere in the app (the only option seems to be for manual transfers).
ivo
2020-12-21 08:29
German Fidor Bank has an integration with Kraken. You can use the bank?s API and buy everything on Kraken directly from your account. https://www.fidor.de/en/investment/krypto
Bank Frick in Liechtenstein has a Crypto Broker:
https://www.bankfrick.li/en/banking-services/all-services/crypto-broker
mb
2020-12-25 08:32
In case anyone ever used https://1inch.exchange around September until now, check if you can claim any 1INCH tokens (airdrop) through their interface, for your wallet.
fenix5
2020-12-28 13:35
I've got my over $3000 from them. :slightly_smiling_face: Nice Christmas airdrop. It is my second after Uniswap did it in similar amount. What do you think will be next project worth of checking out?
mb
2020-12-28 15:04
In theory any DeFi project (DEX, wallet, etc.) which hasn't issued their governance token yet :slightly_smiling_face:
fenix5
2020-12-28 15:11
I am interested in practice not theory :wink: So take my tip and do few trades in your Metamask wallet. I mean use swap function implemented few months ago in desktop version of app. There is some rumour that they might one day issue their own token. :slightly_smiling_face:
mb
2020-12-28 19:36
Sure, I guess same applies to exchanges like dydx
mb
2020-12-28 19:38
leehodg
2021-01-02 13:07
Does anyone have any experience with crypto reward cards or services? For example Fold (seems mostly for US), Wirex, http://crypto.com etc? It would be great to get bitcoin back for booking hotels and Airbnb in particular
simon
2021-01-02 16:27
I have the http://crypto.com card. It took forever to get it (despite my home address being only a few subway stations away from their HQ in Hong Kong) and the value of my ?stake? has more than halved since. Customer support isn?t very good either. I get only 2% in cashback as I have the ?Ruby? card, they have cards that pay higher cashback but given the risk involved with staking CRO they aren?t worth it in my opinion. If your goal is to get rewards for booking hotels, flights and Airbnb, my advice would be to get a UK AmEx, use it for a couple of months then do a global transfer to a US AmEx. You?ll get a significant welcome bonus on the US card and then 3-5% per $ spent on travel-related expenses (and you can increase the value further if you redeem the points for business class flights and luxury hotels at peak travel periods).
danz
2021-01-03 09:58
I can recommend the Binance card, just got it not long ago. There's 0-8% cashback, depending on how much BNB you will owe. Just with a few you will have 2% cashback already, so you are not depending on a coin like with http://Crypto.com. For travelling I can recommend http://Travala.com, they have their coin that gives 24% APY. But you can book with any currency. They have a huge database as they use all platforms like Booking, Expedia etc. If you stake an x amount of their coin you also get a 5% discount or so on all hotels etc.
fish
2021-01-03 14:11
Can you tell me about the process of getting a Binance card?
clr
2021-01-03 19:16
What is your experience with prices in Travala? In my experience, many times it?s more expensive than Booking.
ivan.lakatos
2021-01-04 08:48
I'd be curious to hear more about the process of getting a Binance card as well.
danz
2021-01-04 13:25
You can just apply for a Binance card after you got an account there, it's within the account. In the menu it says 'Card'. Might be a backlog now for the card and I don't know which countries they accept so far, but I got mine two weeks ago.
danz
2021-01-04 13:26
@clr Good, already did 5+ bookings with them. I have seen a few times they had a bit higher prices than http://Booking.com, I just e-mailed them or used their customer service chatbox and got a lower price than Booking even.
fish
2021-01-04 14:59
No extra verification? Which country did you use to register?
ivan.lakatos
2021-01-05 04:28
Same question as fish ha.
danz
2021-01-05 10:38
Still had an old account and address in EU for it
mb
2021-01-06 06:34
@fenix5 we discussed this the other day https://newsletter.banklesshq.com/p/how-to-earn-token-airdrops
marziovit
2021-01-06 07:09
@mb you look very knowledgeable in the cryptp field. I?m looking for a iOS mobile wallet. Do you have some suggestions?
mb
2021-01-06 07:11
Do you plan to store more than 10k?
mb
2021-01-06 07:11
If not, look into Metamask, Argent, Trust wallet.
mb
2021-01-06 07:12
Personally I store serious wealth in a multi sig wallet like http://gnosis-safe.io
marziovit
2021-01-06 07:38
No more than 10k. A friend suggested Guarda wallet https://guarda.com/ as mobile wallet and Ledger Nano X as a hardware wallet, are those any good?
mb
2021-01-06 09:08
Not familiar with Guarda. If it's <10K a Ledger Nano X should suffice.
That being said, you could setup a Gnosis Safe (multi-sig) with 2 hardware wallets, and one other wallet as the owner. 3 Owners and requiring signatures of 2/3 of the owners, gives you 2FA security + you can afford to lose 1 key out of 3.
mb
2021-01-06 09:09
Again, maybe not worth it for you, but definitely more secure on many levels (theft, hacks, losing keys)
mb
2021-01-06 09:13
Either way, when picking a wallet, I'd look at:
? Non-custodial (not your keys, not your funds)
? If a multi-sig wallet, is the smart contract audited?
? HW keys: What vulnerabilities did a HW key had in the past?
leehodg
2021-01-06 15:08
tobievandyk
2021-01-06 21:31
Anyone considering putting their crypto in Celsius Network? Do you think the interest outweighs the risks of handing over your crypto?
danz
2021-01-07 07:10
I use them for a small portion, seems a legit company to me from what I researched
si006
2021-01-07 09:27
Hi all,
Does anyone have experience buying crypto (for investment/retirement purposes) with an Estonian company? Are any licenses required for that?
tobievandyk
2021-01-07 09:28
Yes I also thought they seem legit
aka
2021-01-11 15:23
Hey Stefan, i tried this
aka
2021-01-11 15:24
there would be no help online, or most of the guys who open companies online, would not deal with investment firms
aka
2021-01-11 15:24
the ideal situation involves getting yourself a real ?offline? accountant
aka
2021-01-11 15:25
there is something called FFA license, you need also the accountants help in that
aka
2021-01-11 15:26
@si006, also never to mention you are doing it for someone else, or intend to sell your services
aka
2021-01-11 15:27
i think there are people who do provide those online as well, but i have not tried: http://www.kalashnikov.ee/en/licenses/financial-institution
aka
2021-01-11 15:27
here?s a google search
aka
2021-01-11 15:31
but i never went all the way? still planning to
fenix5
2021-01-11 15:35
I'm in and some of my friends as well. We did some reaserch and it looks very promising and safe as for crypto market.
fenix5
2021-01-11 15:37
Check CEO of Celsius - Alex Mashinsky. He was one of the inventors of voip technology as well as few unicorn companies in US.
fenix5
2021-01-11 18:39
Interesting, I know some of them. Did you use them? I still can't find time for that. I know I'll regret that. :slightly_smiling_face:
mb
2021-01-11 21:04
No not all :)
mb
2021-01-11 21:04
Too many projections and not enough time
emilianod76
2021-01-14 16:28
Hi All, Does anyone know a good free trades journal (for FX, Stocks, Cryptos) that can works with data imported from any broker's platform? The data will be imported in Excel format. Thank you in advance.
si006
2021-01-15 08:05
Hi Aka,
Thanks for the tip. Useful service.
I contacted my accountant and he said it is OK to buy crypto for self use without any licenses.
I do not intend to trade or provide crypto services through my business. Based on my understanding and my accountant no licenses are needed in such case, unless someone has a different experience.
felix
2021-01-15 16:11
Hi guys! Out of curiosity. Where is the best place in the world to open a crypto exchange. Just tried right now to do some research on the legal structure on Binance but there is nothing. There was a rumor that they are in Malta, but the Maltese govt. debunked that.
felix
2021-01-15 16:12
Their T&Cs and PP doesn?t state anything haahah
alexbadaoui1
2021-01-15 17:09
I have been trying to withdraw funds from binance for almost 2 months. Support is non existent.
burrup.lambert
2021-01-15 20:42
I just withdraw from Binance Global (non US) to my USD Transferwise account (Australian TW)(personal), no issues, took about 3 days
burrup.lambert
2021-01-15 20:43
What is your issue?
felix
2021-01-16 08:10
Was thinking about you @mb when I wrote the post. You are for sure the one who knows where to build such a platform :wink:
mb
2021-01-16 08:16
Hehe. We'll to be frank the legal aspects go a bit above my head. I think the route Binance has taken is interesting and understand his rationale. DAOs have no legal precedence yet. I think from a legal point of view they can be seen as a group of people together 'doing something'. Perhaps legally akin to a Vereniging (Dutch) or maybe Swiss association structure.
I think the coming years perhaps DAOs will be either recognized in some way or proper legal wrappers for it go mainstream like the Vermont BB-LLC (https://medium.com/@tearodactyl/dorg-uses-vermont-bb-llc-specifically-crafted-for-the-blockchain-c71fb3fddee7)
mb
2021-01-16 08:19
One thing is for sure, if id start an exchange today, I would start a decentralised one on Ethereum, Polkadot, etc. where the trading protocol is distributed/not owned by a single entity (but rather a smart contract) and where you yourself run a front end interface (eg on IPFS) which interacts with the protocol as the settlement layer.
felix
2021-01-16 08:20
I just think it?s fascinating to run an organization such as Binance which manages hundreds of $M without a clear legal framework. What is about IP, etc.
felix
2021-01-16 08:20
*especially in a normally highly regulated industry such as financial markets
mb
2021-01-16 08:22
Yeah though as for Binance, listening to CZs interview, he makes it appear he in fact operates as a DAO. Although he explicitly doesn't want to be labeled as such.
mb
2021-01-16 08:23
I think there's a chance that they are incorporated in perhaps Seychelles/Cayman but keep it very low key.
mb
2021-01-16 08:23
Will be interesting what happens if you use their logo somewhere and a law firm reaches out with a cease and desist letter.
mb
2021-01-16 08:24
Ah as for regulated...
mb
2021-01-16 08:24
They surely don't take US customers anymore?
mb
2021-01-16 08:24
Was my understanding. My US friend can't open one for example.
felix
2021-01-16 08:29
Yes, not taking US customers/people who need to comply with FATCA is a safe bet. There seems to be a Binance BVI Holding. I would bet as well on Caymans/BVI.
felix
2021-01-16 08:30
Would be actually interesting to see if you bild a website, call it http://Binnance.com and use their logo and whole CI, if a lawyer will reach out after some time
felix
2021-01-16 08:31
Just checked WIPO. All trademarks (including the logo) are registered on Binance Holdings Limited in the Caymans. That?s probably where the letter comes from :rolling_on_the_floor_laughing:
alexbadaoui1
2021-01-16 16:55
They can't seem to verify my bank account, cant get a hold of support for any assistance. I will try withdrawing to my transferwise instead of waiting for support. Thanks @burrup.lambert
burrup.lambert
2021-01-16 17:13
Are you withdrawing in USD? I have a funny feeling you can withdraw to USD (from BUSD) to an unverified account, at least that is what I did. I didn't have to verify it. However if I wanted to withdraw in AUD, then I had to verify the Australian bank account.
burrup.lambert
2021-01-16 17:44
A reminder of how attempting to predict the price of cryptos in the future usually doesn't end well. (article from Dec 2017)
burrup.lambert
2021-01-16 17:44
burrup.lambert
2021-01-16 17:44
_Saxo now predicts that, in 2018, Bitcoin will peak at $60,000 with a market capitalization of more than $1 trillion, after which a number of governments will engage in a coordinated attack to prohibit all cryptocurrencies._
bartek
2021-01-24 14:44
Guys, have you considered how you want to withdraw bigger amounts (let's say 6 figures) from crypto to fiat? Any bank in any country that we can be sure won't make any problems, freeze money etc.? I don't want to do that to any bank in EU or US (maybe I don't know something) as I don't think it will be a wise decision based on how they will treat cryptocurrencies in next 1-2 years
guillaume.hucheloup
2021-01-24 15:11
If the money is clean, and that money can have a proven source of funds, you shouldn't have any issues ?
twinorita
2021-01-24 16:43
In case this little info helps you I can recommend you N26 in combination with BTCdirect. It takes only 1 day to receive the funds and I did 10+ transactions so far but only 5 figures. (No questions, no frozen account so far)
twinorita
2021-01-24 16:44
since 3 years!
johncitizen
2021-01-25 03:29
Just a reminder that companies like silverbullion allow you to by physical metals with crypto. (no idea if the exchange is any good at all). But they woudn't bat an eyelid at anyone purchasing $100k of silver stored with them that you can later sell back to them for fiat.
bartek
2021-01-25 07:02
some banks doesn't accept withdrawals or in general transfers to crypto. It's fine if they state it from the beginning, but if they suddenly close your account etc. and you risk to lost your funds it's another story. That's why I was asking. Example below:
https://www.reddit.com/r/CryptoCurrencies/comments/anyyb3/santander_closed_my_bank_account_due_to_fiat/
(friend of mine had similar situation in 2018)
bartek
2021-01-25 07:03
Thanks. N26 is German and from what I know they are ok so far with cryptos. I have account in N26 already, jut have to find credentials. Thank you :slightly_smiling_face:
bartek
2021-01-25 07:07
you mean Silver Bullion from Singapore, right? Singapore is actually one of those destinations that are very friendly towards crypto in general, I was thinking about setting a bank account there as a place to withdraw crypto to fiat in general, but your idea is far better if their commissions are reasonable
edgr
2021-01-29 11:42
Hi all, Is it ok to transfer USD from a crypto exchange to TransferWise? I heard TransferWise does not support ?directly or indirectly? any cryptocurrency.
I?m trying to figure out how to convert rewards to fiat monthly. My problem is that I want to be flexible with the fiat currency. E.g. convert to a currency other than Euro and USD.
twinorita
2021-01-29 12:23
N26 also works fine in combination with btcdirect. I did 10+ transactions already without any issues
simon
2021-01-29 13:54
@edgr TransferWise is not a safe option, they have shut down multiple accounts for crypto-related transfers. Can you transfer to a personal wallet instead? Like http://Crypto.com (you can then use the debit card to fund TransferWise transfers)
edgr
2021-01-29 14:02
@simon Thank you for sharing
edgr
2021-01-29 14:03
@twinorita Thank you for sharing
danz
2021-01-29 16:07
Transferwise doesn't allow it, stated on their website
felix
2021-02-14 08:08
Very interesting. There is also Coinbase Commerce that doesn?t take any fees.
felix
2021-02-14 08:09
Only downturn is that we can?t take recurring payments on Coinbase.
mb
2021-02-14 12:05
They have been around for quite some time and can attest to their trustworthiness (although not required because of non Custodial setup).
felix
2021-02-14 18:04
That?s a very good point!
felix
2021-02-14 18:04
Thank you for sharing.
felix
2021-02-14 18:04
I believe with some simple API work it can be done.
russ7
2021-02-14 18:29
I?m brand new to crypto. Is it feasible to use as transactional medium (vs a store of value)
lvasc
2021-02-14 20:33
For non-custodial, decentralized, kycless crypto/fiat bridge for swaps and payments you guys should take a look at Nimiq OASIS. Will be released soon.
https://nimiq.com/oasis
ben659
2021-02-15 01:35
This is the topic of some serious debate
ben659
2021-02-15 01:36
Maybe check out Peter Schiff (anti-crypto) and Michael Saylor (pro-crypto) to listen to opposing perspectives
russ7
2021-02-15 02:04
Thanks!
mb
2021-02-15 06:35
Stable tokens are crypto too. (USDT, USDC, DAI). So yes as a 'stable' from a fiat point of view, that already exists.
jonathan.galovan
2021-02-15 09:12
Does anyone have a safe way of buying crypto via a UK LLP, atm I only have Transferwise and Starling business accounts? I can't buy it private so need to get it via the LLP...
timorshait
2021-02-15 10:22
@jonathan.galovan check http://ramp.network . They accept GBP to buy crypto and they settle the transactions quickly when you pay GBP with faster payments. I know that using Revolut works to purchase from them and not having the account blocked or anything. However I know that TransferWise and Starling have a policy of not buying crypto so I don't know how this will pan out. Revolut has that too and so far so good. Starling can accept payments when you realise profits from crypto to fiat and they don't prevent that in their policies, but getting into crypto "on paper" is a no from them. I'd like to believe that banks won't have issues when you're buying from small network such as ramp, but only purchases from big exchanges such as Binance/Coinbase will flag their system.
mb
2021-02-15 12:21
@jonathan.galovan Could you open an account with say Kraken or Binance with the LLP?
jonathan.galovan
2021-02-15 13:23
thx man, I will look into that
jonathan.galovan
2021-02-15 13:24
I haven't, so just wondering if anyone has...
jonathan.galovan
2021-02-15 13:25
I have been looking into Celcius corporate onboarding: https://celsius.network/corporate-onboarding-application/
Any experience or thoughts on this?
jonathan.galovan
2021-02-15 13:27
Do you have any experience on Celcius's Corporate accounts? https://celsius.network/corporate-onboarding-application/
jonathan.galovan
2021-02-16 15:10
@mb I'm trying them out atm, just need to go through the whole verification process.
jonathan.galovan
2021-02-16 15:29
@ivo @danz how long time did it take you to open corporate accounts with the major exchanges. I'm just starting the process with Celcius, Binance and Kraken. Do you have any other good ones that worked well for you?
jonathan.galovan
2021-02-16 17:30
Any idea of which UK LLP banks that can transfer money to an exchange?
danz
2021-02-16 18:03
I only use a few with my company as I run a lot of crypto websites myself, so I work directly with them. But I believe most exchanges offer the possibility to open a business account like Binance and others.
timorshait
2021-02-16 18:29
Does anyone know of a service that gives a debit card that you can spend crypto? I'd like to use stablecoins to pay small transactions. I know of http://crypto.com , http://nexo.io and http://bitpay.com , but some of them don't have the card available yet, and crypto has in their terms:
"Cardholders cannot load cryptocurrency onto their http://Crypto.com Visa Card. All cryptocurrency will be converted to US Dollars and the US Dollars can be loaded onto the http://Crypto.com Visa Card for use in purchase and ATM withdrawals."
And so I was wondering if anyone can recommend of a service that has a debit card which you can simply load crypto onto it, and then pay with?
simon
2021-02-16 18:31
@timorshait Visa / MasterCard do not support crypto currencies, so it?s impossible to get such a card. All cards currently available convert to fiat (either to top up the card or every time you use the card).
timorshait
2021-02-16 18:33
@simon Thanks for the info man. So I don't mind if there's some type of a conversion happening in between with a fee, but can you please explain how does that work when http://crypto.com converts to USD? For example, if I have 100 USDC on my http://crypto.com wallet account. How would I then use it with my card? I have to "sell" the crypto first into real fiat, and only then spend?
simon
2021-02-16 18:34
MasterCard has announced a few days ago that they will work with crypto in the future but only coins that are regulated / conduct standard due diligence. Basically not Bitcoin or any of the other coins currently in use (that I know of anyway).
simon
2021-02-16 18:36
I have a http://Crypto.com card, when you activate it it creates a new wallet in your account and you can top it up with crypto or fiat. You have to do so in advance, it doesn?t debit your crypto balances automatically when you spend
timorshait
2021-02-16 18:37
I understand. So basically I first have to convert the crypto into fiat inside the app, and only then the money can be used on the card. Right?
simon
2021-02-16 18:37
For some reason my card is issued in Singapore, despite both me and http://Crypto.com being based in HK so everything is denominated in SGD in the app
simon
2021-02-16 18:37
I?m not sure if all cards are issued in SG
simon
2021-02-16 18:38
@timorshait That?s right.
timorshait
2021-02-16 18:40
I see. Thanks for the clarification. I hope that soon we will be able to spend crypto in stores, even if there's a conversion happening on the spot like an FX conversion. As you mentioned with the news of MasterCard and I believe Visa are looking into this space too, we might see this happening in the coming 1-2 years.
jonathan.galovan
2021-02-17 09:32
Great, thats cool. I'm going through some of the verification processes atm.
g-dufresne
2021-02-17 12:54
Monolith is what you are looking for. You get a VISA and you can spend the funds from your decentralised wallet.
twinorita
2021-02-17 17:35
@timorshait There are many project which addresses this issue in development. I think we can see options within 6months already.
wice90
2021-02-23 10:30
What taxes (and how much) should a foreign owned UK LLP pay if I trade (stocks or cryptocurrencies)?
simon
2021-02-23 10:33
@wice90 None in the UK (even if trading UK stocks).
edgr
2021-02-24 18:32
Has anyone already made any experience with the Binance depit card?
danz
2021-02-24 19:47
@edgr It works good, haven't had any problems really
edgr
2021-02-25 07:39
@danz Thank you for sharing
timorshait
2021-02-25 11:15
Has anyone had problems with withdrawing profits to Revolut/Payoneer? I know that in their policy they don't allow this. However what happens if you use a small service to convert crypto to fiat, and not through a major exchange? Will they still spot this?
edgr
2021-02-26 10:37
My plan is to top up Revolut with a debit card of Binance or crypto. So I chan exchange fiat currency because I cant use euro or dollar.
jonathan.galovan
2021-02-26 19:54
Hey @timorshait and @edgr
I am also having some issues with this.
I am now in the process of opening an account with:
https://www.bankfrick.li/
Apparently, they should be crypto-friendly. Same with https://www.fidor.de/
Have you tried using: https://www.etana.com/
I am not sure if it will work via them, I just know they integrate nicely with Kraken.
I'm also trying out http://ramp.network.
I'll let you know how it goes :wink:
jonathan.galovan
2021-02-26 19:55
Kraken worked great :+1:
danz
2021-02-26 20:05
@jonathan.galovan Would love to hear your experience with Bankfrick if you get it done. You opening an account for your business or personal account?
mb
2021-02-27 06:51
Thanks for sharing :+1:
edgr
2021-02-27 09:00
I think for Bankfrick you need to have Liechtenstein residency.
edgr
2021-02-27 09:04
I just found this: https://www.seba.swiss/ Im not sure its worth it.. most of the time, swiss banks tend to have ridiculous high fees.
td
2021-02-27 12:29
i am using fidor for 4 years now with different exchanges, took some time to open the account and the webinterface is ugly, they had a kraken interface a while ago, but its not working anymore, same with metals like gold, but besides that payouts are working fine and never had any issues, and its free
jonathan.galovan
2021-03-02 13:37
Im aiming at both
openaccessconsultingl
2021-03-02 14:46
Hey people,
I?m totally new in crypto world. I?ve installed Jaxx Liberty app on my phone and bought some BTC. I see that the fees are pretty high here, especially if I want to pay with a card.
Can you suggest any other platform / wallet or it?s more or less the same?
Thanks upfront!
guillaume.hucheloup
2021-03-02 15:02
Coinbase pro has some of the best ratio low fees / easy UI
maxsuur
2021-03-06 09:44
This is kinda cool: https://www.tapjets.com/article/private-jet-pay-with-monero
maxsuur
2021-03-06 09:45
I am happy with Kraken + Ledger + Bitwala
simon
2021-03-14 09:36
I think we both get 25 USD
buynps.org
2021-03-14 19:40
Any exchanges that support ACH from a US LLC to buy crypto?
claudiaroitmancorp
2021-03-16 21:35
It's pretty cool that the government is forward-thinking instead of trying to move us backwards
claudiaroitmancorp
2021-03-16 22:40
following
emilianod76
2021-03-17 10:05
@simon Can a UK LLP be set up just for trading stocks and cryptos? Are there other solutions that can be used? BC LLP for example.
simon
2021-03-17 12:33
Sure, although a BC LLP or US LLC would be a lower maintenance structure for this
burrup.lambert
2021-03-18 17:33
Might come in handy for someone.
edgr
2021-03-19 04:47
I found out that most banks with a physical branch have no problem with transactions related to crypto. It's only the fintech banks that are making a drama over crypto.
michelefrettoli
2021-03-19 08:31
the "drama" is because of anti money laundering laws,
by those laws, anybody working in a bank and having a suspect of laundering, can be charged for up to 3 years in jail if they do not report it
michelefrettoli
2021-03-19 08:32
So, if you are online and they know you just through a picture of your document, that's why they are more careful
taylorwalkerllc
2021-03-20 06:28
Anyone got a referral code for Celsius? :slightly_smiling_face:
omocha_10
2021-03-20 11:00
Google has sent me to this Maltese man blog at least 3 times :face_with_monocle:
omocha_10
2021-03-20 11:04
I wonder if at a certain amounts of money the main crypto exchanges will start asking for ridiculously thorough KYC and AML and limiting or closing accounts like it?s been happening with services like IB brokers or Revolut....
Does anyone had issues like this with Binance, Coinbase, Gemini, Kraken etc?
freedom
2021-03-20 11:12
@omocha_10 if you doing crypto to crypto only, it's problem free, Binance or FTX is KYCless in that regard. Haven't heard much problem with others too, I think they are smart about tracking your coins, can detect if it's been mixed etc. The only harshest AML on your coins I've heard from Bitstamp - asking many questions on origins of your coins and even asking to give up your xpub (your entire address history) to them.
omocha_10
2021-03-20 11:18
Thanks :pray:
danz
2021-03-20 13:32
Yes, this is kind of a headache if you use more than one platform and deposited on a other platform then the exchange itself. Not really so much with the crypto exchanges, but more with the banks who want to know every transaction detail.
leehodg
2021-03-22 14:48
Fwiw they paid me the 40+30 no problem last week
maxsuur
2021-03-25 16:31
Hi guys,
I'd like to set up a recurrent crypto purchase. Buying X amount of bitcoin the first day of each month and send it to my ledger right after. All done automatically. Any ideas?
Thank you
michelefrettoli
2021-03-26 12:24
you could use for example the Binance API to do that, but does it make sense to spend a few hours to automate a task that takes 10 minutes per month?
mb
2021-03-26 12:50
I think as @michelefrettoli points out, the only true (and Safe) way, is to create a script to do it for you. E.g. using an API (Kraken, Binance etc.). But then you'd also have to 'automate' the funding part (wiring funds?).
Quite honestly, regardless amounts, you'd be better off buying yourself and sending it yourself if is once a month. Depending on quantities, it can make a big difference too if you market buy or setup a limit order.
freedom
2021-03-26 17:02
Also, googling helps: https://bitshills.com/automatic-recurring-bitcoin-purchases/
burrup.lambert
2021-03-26 17:30
ledrewy
2021-03-26 23:04
@maxsuur http://Crypto.com app provides a ?Recurring Buy? option using either credit card, selected crypto or from the fiat wallet.
maxsuur
2021-03-26 23:18
Looks interesting. Thanks for sharing
ledrewy
2021-03-27 10:11
You?re welcome.
mrchristiaanpieterse
2021-03-31 14:29
I'm trying to educate myself in crypto trading. If anyone can recommend your "MUST READ" books on Crypto, it would mean a lot. Thanks!
I searched this channel for books but noting came up. Anyway - i'm looking for input from those seasoned professionals here ... wink wink.
Alternatively any tips for blogs, websites, chats or channels that I can learn from.
guillaume.hucheloup
2021-03-31 14:48
You don't need to read crypto specialised books. You need to learn trading. A couple of my personal favorites:
The whole Market Wizards series
Reminiscence of a Stock Operator
Way of the Turtle
HypnoTrading
Podcasts: Smart Money Circle, Trend Following w/ Michael Covel, Chat with Traders
guillaume.hucheloup
2021-03-31 14:54
Just a tip: Crypto trading is a long, hard game. This asset class is quite different from others. It takes a real effort, measured in years, to see some consistent performance kick in. It's a full time job. If you don't want to spend years of your time trading the markets, I've returned 181% after performance fees to my clients this quarter and I'm happy to give you more details in PM if you have an available capital of at least 200K to manage.
I apologise in advance if that is considered as self promotion and is prohibited on this slack, please remove this message if that's the case.
stolzlos
2021-03-31 15:44
Reminiscence of a Stock Operator is the best book I have read on trading. I also totally recommend it. It seems *quite* dated but it is not.
I read it several times to get the whole meaning. Then again I assume that is true with all the recommendations.
danz
2021-03-31 16:26
Can also recommend it, great book with some valuable lessons about the markets in general. For crypto trading I would probably just recommend to start learning about bitcoin/crypto first and then go on with learning more about Technical Analysis.
jason
2021-03-31 18:35
speaking of crypto, found this site the other day (news aggregator), it's awesome and compact: https://cryptopanic.com/
omocha_10
2021-04-02 01:45
I think Benjamin Cowen from Into the Cryptoverse is the best content creator I?ve seen about crypto. He posts daily videos on Youtube, he also has a paid subscription, but I don?t know how good it is.
For learning about crypto Andreas Antonopoulus has a few books and a Youtube Channel.
There are also some good accounts in Twitter.
kuka
2021-04-02 04:42
yeah, Ben?s channel has grown a lot in the last quarter
kuka
2021-04-02 04:43
his content is pretty good, especially the risk dashboard
henry
2021-04-02 07:41
I often see a lot of Crypto people use TradingView for charting - is it considered the best/standard?
stolzlos
2021-04-02 08:15
I don't know if it is the best or what would be comparable products in function and price but it works well enough for swing trading. I personally recommend it. Paying customer since 3 years.
danz
2021-04-02 17:06
If anyone is interested, I have set up a Telegram group where I receive calls from 5+ groups all in one group. Using a bot that forwards it all, so it's all in one channel for an easy overview. I can add anyone for free if your interested in charts/calls from different crypto signals group. Just pm me your Telegram username in case you are interested and I can add you.
hello888
2021-04-04 15:30
*What's the best site to buy/sell crypto?* They all seem to have this ID verification that takes forever (at least for me), so far I tried Coinbase months ago, still waiting for ID verification confirmation, and then I tried http://CEX.io, they didn't ask anything to send them funds, but then I tested withdrawing a small amount, and same thing, a bunch of issues with their "verification process", I will definitely not be using that last one.
taylorwalkerllc
2021-04-05 11:11
Hey guys do you know a way to get a thai utility bill or anything like that to get full verification on http://localbitcoins.com? I dont want to sign a rental contract for now but need to get verified. https://www.companythailand.net/utility-bill-to-prove-residence-in-thailand/ I saw these guys offer it but they charge 30.000 Baht.
taylorwalkerllc
2021-04-05 11:12
Or is there a global service offering personal utility bills to proof residence? Its a bit of a pain in the ass for a perpetual traveller to get these.
freedom
2021-04-05 11:51
Have no answer to your question. But out of interest, why would you want to trade on localbitcoins rather than other kyc-less p2p platforms like localcryptos, hodlhodl etc?
arommelaere
2021-04-05 13:09
This phone packages service can be paid and managed remotely and they send a physical receipt with my residency address every month, but not sure if you can use it with virtual address and if you can use as residency proof for your services https://finnmobile.io/en/packages
danz
2021-04-05 13:12
I think you could just go to one of the wifi providers in the malls and get a subscription that you pay by month, perhaps you could get a utility bill that way?
taylorwalkerllc
2021-04-05 15:08
@freedom You solved my problem. I did not know these sites before.
freedom
2021-04-05 15:22
there are many more, I would check to see if there's a vibrant THB or other currency market: https://www.reddit.com/r/Bitcoin/comments/dyclf8/list_of_bitcoin_persontoperson_p2p_bitcoin/
jonathan.galovan
2021-04-09 17:42
Hey guys, does anyone have experience with crypto farming and staking sites?
What would the risks be for example with Celcius network, or farm.army? My first thought is that it seems to be a pretty low risk loan as long as the markets are going up, but not sure what will happen during a large correction etc.
What are your thoughts regarding risk on platforms like these?
https://celsius.network/
https://autofarm.network/
https://farm.army/
maticko
2021-04-09 18:08
these (that you linked) are very different beasts with very different risk profiles. one is centralized company the other are decentralized protocols that automatically allocate/move your funds in a robo way into the protocol that currently supports best yields.
maticko
2021-04-09 18:11
i use celsius as well as decentralized protocols (directly) eg aave, but not autofarm solutions (eg idle) because of additional code complexity and consequently attack surface
mb
2021-04-09 19:56
With decentralized solutions the biggest risk is smart contract risk. Thus far I have only used MakerDao to provide colletaral and take out a loan. Also check Defisaver or connect your wallet through http://Zerion.io
jason
2021-04-11 13:58
actually, I don't think any of those are decentralized, autofarm.network and farm.army are both on the BSC (binance smart chain) which is 100% owned / controlled by binance..
maticko
2021-04-11 17:41
"decentralization" is a spectrum, not binary :)
jonathan.galovan
2021-04-20 07:57
That makes it safer regarding attacks right?
omocha_10
2021-04-20 12:26
I watched this debate about bitcoin, very interesting.
https://youtu.be/zA5jnK4v884
hello888
2021-04-21 15:45
Crazy, so now when people tell me "decentralization" is the main strength of BTC vs the fiat currencies, I will just link them to this chart
https://www.blockchain.com/charts/hash-rate
https://www.coindesk.com/chinese-coal-mines-accidents-affecting-bitcoin-mining
maticko
2021-04-21 16:36
crazy, you take china offline and bitcoin is still online and operational
stolzlos
2021-04-21 16:41
I just realized that whatever country runs 50%+ of the hashrate basically controls BTC. And since China offers low electricity costs and a "seemingly" safe jurisdiction, would that not imply that China will end up owning it? Somebody correct me on that?
mohd
2021-04-21 16:44
@stolzlos 100% correct!
maticko
2021-04-21 16:50
the rebuttal (optimized for the duration of time it will take to read/listen) https://twitter.com/nic__carter/status/1335966931082485760
michelefrettoli
2021-04-21 16:51
... if you assume that 100% of miners are slaves of a central chinese power and do whatever they say instantly in a coordinated way :D
stolzlos
2021-04-21 16:52
@michelefrettoli well, confronted with the alternative of standing in front of a firing line, I assume yes :wink:
stolzlos
2021-04-21 16:58
thanks. I assume that China has no incentive to hurt the price. That would be counterproductive to their interests in controlling it.
But the argument that decentralization will increase and away from China is something that I don't buy. Mining is a for profit business. It will go where electricity is cheapest. If China ensures cheap electricity, mining will go to China.
maticko
2021-04-21 20:54
the problem of electricity is transport. you cant bring the city to cheap power, but you can a data center in a container.
hello888
2021-04-22 19:53
I'm not a crypto hater at all, (if anything I'm a fiat currency hater), but I decided to exit this BTC market,
I had a bit more confidence in the network than I should've, I just can't believe an accident in some mine in China could push the average transaction fee so high + at the same time have such an impact on the BTC/USD price. While for some this is an opportunity to buy cheap later (good for them), to me this screams volumes about the real situation of the network,
Anyways, it seems that something similar triggered the bear market in December 2017, I remember that time vividly because a friend of mine had a ton of BTC and was getting rich and bragging about it daily, with BTC almost at 20K at the time, it went downhill from there during 2018, by November it was at a bit over 3K
https://ycharts.com/indicators/bitcoin_average_transaction_fee
stolzlos
2021-04-23 07:31
cryptos not looking too good
stolzlos
2021-04-23 07:35
@hello888 good timing
stolzlos
2021-04-23 07:41
There was a time I really liked Raoul and RealVision. It seems like he turned cultist. Not good ...
mohd
2021-04-23 07:47
@stolzlos, Raoul is correct, wealth distribution/redistribution, some people will win big, most will loose big when it?s all over!
stolzlos
2021-04-23 07:50
the question is who is who? Are the hodlers among the winners or the losers? that is yet to be determined. Open to anything.
mohd
2021-04-23 08:00
we don?t really know, but i think it?s going to be whoever cashes out just before the crash!
freedom
2021-04-23 13:31
Holders of correct cryptos will be winners. DOGE is definitely not the one
turgut
2021-04-23 14:18
what is the best crypto-friendly banking to the cash out ?
freedom
2021-04-23 20:03
@turgut most are friendly if you can prove source of wealth. For big players private banks like SEBA and Bank Fric. I'm currently testing Globitex (Nexpay) - it's an exchange + personal IBAN.
jonathan.galovan
2021-04-28 16:26
If your friend still holds btc I bet he is still happy as:joy:
leehodg
2021-04-28 17:07
Anyone here do yield farming? I do some things like binance earn/staking of various coins, but I'm interested in trying out the defi world. Where would be the place to start to learn more?
maticko
2021-04-28 17:31
i do. its a wild wild west. i don't have any resource that i can point you out to, things change too fast and become irrelevant in a few days.
leehodg
2021-04-28 18:58
@maticko yeah I bet. Would you be willing to give an example of something you do or perhaps something that until recently worked (if you don't want to disclose a currently profitable strat) just to get a flavour?
maticko
2021-04-28 19:04
maybe best to pm?
leehodg
2021-04-28 21:14
@maticko yes, pls feel free to message, thanks!
omocha_10
2021-04-29 10:56
Binance academy looks good feels like a good resource to me.
otkeedca
2021-05-01 02:18
Has anyone used http://privacy.com virtual credit cards to purchase crypto? Just wondering what their policy is on this.
stolzlos
2021-05-01 07:40
"Most of the world's bitcoin mines are concentrated in China."
looks like the Battle is already over. :wink:
stolzlos
2021-05-01 07:41
and I personally see no trend change in the near future. If anything, acceleration.
timorshait
2021-05-01 13:19
We're starting to get more and more of these 'toppy' signals when the mainstream is covering the crypto market. It's a good indicator of when you potentially can start scaling out of the market. The more coverage, it's likely that we'll get to the market cycle peak. (in my personal opinion)
stolzlos
2021-05-01 13:41
I could not agree more. But the strange/funny thing is that while all that is true, crypto markets are not cracking ....
The same is true for stocks. Either this is the biggest bull trap I have ever seen or, and that is what I fear, we have a rally in front of us that will dwarf 2017. Unprecedented money printing and especially rates at zero do make a case for this to happen.
stolzlos
2021-05-01 13:42
Lets wait until Maher starts buying :wink:
omocha_10
2021-05-01 15:37
Last market collapse when Messi went into crypto, this one Paris Hilton has been promoting NFT weeks ago.....
joe
2021-05-01 16:19
we still have long way to go before it collapses
mb
2021-05-01 20:54
Also reason I'm long ETH. With proof of stake vs Bitcoins POW that's definitely an advantage.
mb
2021-05-01 20:55
Bitcoin will still have it's utility. Likely stored by large entities. But the actual usage will be WBTC (wrapped Bitcoin) on Ethereum :stuck_out_tongue_winking_eye:
mb
2021-05-01 20:56
I'm betting ETH has the potential to flip BTC market cap.
mb
2021-05-01 20:57
*DYOR, not financial advice.
omocha_10
2021-05-02 07:08
Butif/when it collapses to ne would prefer to be positioned mainly in Bitcoin and some etherum rather than small altcoins, if you look at the screen shots of the top 30 alts from previous bull markets, most vanished or haven?t even reach their 2017 all time highs....
stolzlos
2021-05-04 12:32
lol. DOGE 4th biggest coin
stolzlos
2021-05-04 12:33
It reminds me a lot of Ripple right after the bullmarket ended in 2017. It turned 2nd and was close to catching BTC .
danz
2021-05-04 14:41
Crazy times..
felix
2021-05-07 06:48
Hi guys! Do you know if it?s possible to buy crypto on Binance with a (transer)Wise business card? Would like to see if it works before I run into trouble..
taylorwalkerllc
2021-05-07 06:57
No chance, wise is crypto unfriendly as fuck
maticko
2021-05-07 10:26
We can?t support transfers to Bitcoin or any other cryptocurrency, directly or indirectly, through our services. But you can send money to your balances with bank details from a platform that deals with Bitcoin or another cryptocurrency ? as long as the platform is regulated and/or supervised in the EU or UK.
https://wise.com/help/articles/2932118/incompatible-accounts-and-currencies
felix
2021-05-07 10:28
Thank you
maticko
2021-05-07 10:35
you could also go OTC or p2p... that would be hard to detect if its not frequent. I also do OTC deals sometimes, depending on the situation.
burrup.lambert
2021-05-07 11:26
Surely the rate when using a card is way worse no?
edgr
2021-05-07 11:46
I heard even 2p2 fails when you choose a high reputational buyer.
edgr
2021-05-07 11:47
I use a normal Bank with a physical branch. Never had a problem.
felix
2021-05-07 15:51
@edgr a normal bank should work just fine. EMIs such as Wise are not that easy with crypto.
felix
2021-05-07 15:52
@burrup.lambert it?s not about the rate. It doesn?t matter if they take some % more. It?s more about ease of use and that not every transaction goes over two different accounts with reimbursements, etc. too much headache and time for a simple payment.
si006
2021-05-07 20:29
I used Paysera and paid through Banxa, Binance's service provider. It worked for me. I only used it once for a small amount of money (100 EUR). Double check to make sure crypto is allowed.
freedom
2021-05-07 20:32
@si006 Paysera is extremely anti-crypto, you'll get your account closed very fast with them.
jason
2021-05-08 00:18
so are there problems withdrawing fiat from binance using a money wire? (never tried it)
felix
2021-05-08 01:47
Thanks, Stefan!
taylorwalkerllc
2021-05-08 04:45
I also want to know. I have a good amount of coins there now
arommelaere
2021-05-09 20:34
Hi, is doing crypto through an UK LLP falling under personal income tax crypto rules of residency country (TH) also or crypto rules from the registered country (UK)? As LLP is taxed on profits from my understanding; are the crypto transactions/wallet transfers/fiat conversion % taxes made via LLP would be falling under personal residency country crypto rules, means even if there is 0GBP LLP profit end of year, the crypto/wallet transactions % taxes would still applied at a personal level ?
gun
2021-05-12 05:43
Hey crew, another Crypto Hedge-fund manager & I just launched our crypto course. If anyone would like the course for free, we?re offering it at no charge for the next week to get some feedback, so nab it here before we start charging next week: :raised_hands::skin-tone-2:
https://www.nextblock.co/friends
anton
2021-05-12 06:37
Does someone know a debitcard with benefits that can be used for businesses?
freedom
2021-05-12 14:00
Hey @jonathan.galovan, any update on your Frick account opening?
mb
2021-05-12 17:50
felix
2021-05-13 01:15
Holy smokes! Do you have any more information on the transaction, Michel?
kuka
2021-05-13 01:21
VB donating
mb
2021-05-13 04:58
Actually the donating tx is another one https://mobile.twitter.com/CryptoMichNL/status/1392551836318588941
mb
2021-05-13 04:59
The one I posted earlier was Vitalik finally sending all his ETH to a Gnosis Safe (http://gnosis-safe.io). So using a multi sig wallet now vs a single Ethereum wallet :)
felix
2021-05-13 05:00
oh wow! Thank you for the clarification.
mb
2021-05-13 05:05
He reached out yesterday on the Discord channel and initially the thought was, he was a scammer (someone pretending to be him). But not this time hehe.
a10
2021-05-13 12:05
If the government said "you have to use it", it's where crypto would come in. And especially Monero
mb
2021-05-13 18:01
Under the Class 3 VFA license, http://Crypto.com can provide custodial services and execute orders on behalf of other persons.
https://cointelegraph.com/news/crypto-com-becomes-first-cryptocurrency-platform-to-receive-mfsa-class-3-license
si006
2021-05-15 16:32
Thanks for the heads up. What is a recommended bank for crypto?
jonathan.galovan
2021-05-16 15:08
Not yet
omocha_10
2021-05-19 10:14
Hi, I?m in Euro Europe, got some USD that want to change into crypto, stable coins or another coin. If I change for Euro, the exchange office bites like 6% and if I buy in a crypto ATM with the Euros they bite another relevant chunk....
Is there a more cost efficient way to do this?
Sell usd cash for cripto in Euro Europe?
Thanks
mb
2021-05-19 11:23
Is KYC a concern?
omocha_10
2021-05-19 12:25
No
danz
2021-05-19 17:30
You could just sent it to Kraken as example? Low fees
omocha_10
2021-05-20 05:47
How can I send usd cash in Europe to Kraken? I am
not in my residence country where I can deposit it the cash in my brick and morter bank
mb
2021-05-20 05:51
Got it cash or in an account? Without an exchange you could consider https://localbitcoins.com/ but not sure on price impact.
Best would be an exchange. But not sure you can send USD to a EU based account (Kraken, Binance).
danz
2021-05-20 16:39
I think Kraken has a usd account where you can sent it to. That's what I have done before (not a eu resident)
mb
2021-05-21 13:18
Only millionaires will be allowed to trade Bitcoin and cryptocurrencies in Hong Kong if the FSTB proposal is passed by the city's legislature.
https://cointelegraph.com/news/hong-kong-regulators-set-to-ban-retail-bitcoin-trading
anton
2021-05-26 04:09
Probably most of you already have it. But for if it?s missed - http://Crypto.com offers a pretty usefull creditcard, with 3-8% cashback as well as with travel perks - airport lounge access as well. If you would be interested, you can sign up there; if you want u could use my affiliate link - https://crypto.com/app/9bcwpzg7d4, which gives both of us extra?s. Always nice offcourse, but mostly it?s an interesting card (and usefull for travelling). With the dip a good moment to stake as well :wink:.
omocha_10
2021-05-26 11:38
Hi all,
Does anyone knows if the bitcoin Grayscale GBTC is a good idea if bought with a ?discount? to hold for the long term, or wait to sell it at a ?premium??
Or is it better to buy btc?
stolzlos
2021-05-26 11:46
It was great in the last 5 years to buy around parity. Since it broke parity this year it is a losing trade.
omocha_10
2021-06-02 20:30
Hi, do banks allow you to transfer money to cripto exchanges like Coinbase, Kraken, Blokfi, Binance? I mean from an account of one person to the cripto account of the same person.
I heard most banks in USA don?t allow to wire money to cripto exchanges.... buts sound pretty insane ...
Thanks
buynps.org
2021-06-02 21:42
curious as well @omocha_10
felix
2021-06-03 01:31
I think it really depends on the bank. HSBC in HK has no issue, another established bank in SG doesn?t allow it.
danz
2021-06-03 20:40
Really depends on the bank, I know some banks don't.
ledrewy
2021-06-04 11:53
Could someone recommend a good multisig wallet like Gnosis-Safe not for Ethereum but for other blockchains like Terra?
freedom
2021-06-06 08:52
I'm afraid there is none. BSC has a clone of Gnosis-Safe. But good news is that Gnosis team is working to make their multisig compatible with other chains.
ledrewy
2021-06-06 22:49
Thanks @freedom. What is the BSC clone called?
omocha_10
2021-06-07 10:51
Thanks :pray:
ledrewy
2021-06-07 12:14
Thanks again @freedom
mb
2021-06-09 06:09
President Nayib Bukele's Bitcoin Law was passed in the Salvadorian congress tonight.
https://cointelegraph.com/news/el-salvador-president-bitcoin-law-will-be-approved-tonight
omocha_10
2021-06-09 11:05
This is getting lots of attention in crypto world, but it didn?t move the price....
Also, suddenly Latin American politicians in ES, Argentina, Paraguay suddenly became incorruptible social servants that want the best for their citizens....
aka
2021-06-09 11:18
i think this was just so people would check out where is El Salvador on the map
aka
2021-06-09 11:19
it?s the smallest country of them all there in the middle
aka
2021-06-09 11:19
gdp of 10% of portugal
aka
2021-06-09 11:19
so what do you expect..
brent
2021-06-09 11:28
100%
brent
2021-06-09 11:28
It's a bit of a nothing-burger to be honest.
brent
2021-06-09 11:29
But still interesting to see a government approaching crypto in a positive manner. Time will tell I guess.
emmanuel.luiz.abdala
2021-06-09 12:29
I'm starting my spanish lessons today with a private teacher...
omocha_10
2021-06-09 13:12
In SM they are saying that with a couple of bitcoins you get instant citizenship.....:thinking_face::thinking_face:
jason
2021-06-09 15:18
I do think this is kind of cool and important.. if it works well for them, other countries might consider doing the same..
burrup.lambert
2021-06-09 15:19
Definitely not worth it.
omocha_10
2021-06-09 15:59
Who would dare give away theirs to ES to hold custody....:thinking_face:
danz
2021-06-09 16:43
It would be interesting to know what residency they will offer, I believe the president mentioned something about it
jason
2021-06-09 20:07
100k for residency is painful, it would have to lead to citizenship pretty quickly / guaranteed
danz
2021-06-10 17:16
And it's not a territorial taxation country anymore, doesn't seem interesting really
claudiaroitmancorp
2021-06-10 18:19
How can I buy crypto with card/bank from USA without being a citizen and thus having no SSN?
claudiaroitmancorp
2021-06-10 18:19
But can you keep it in BTC? Then that's an incentive
jason
2021-06-10 18:41
If you get to keep the funds, that would be pretty awesome, my assumption was that you had to pay it like a fee.
danz
2021-06-11 17:20
Wire transfer to many exchanges..Kraken, Bittrex, Coinbase and others
omocha_10
2021-06-12 12:09
They mean that the interested person has to give custody of the 3 Bitcoins to El Salvador government?
mb
2021-06-16 09:15
Ah just noticed it's a paid list.
burrup.lambert
2021-07-02 12:41
oscar3000
2021-07-02 13:48
Thanks for sharing.
Interesting how 3rd place market cap always dealing with ?criminals? (xrp now 7th place)
brent
2021-07-03 08:56
Not to get all "tin-foil hat" and all, but this appears to be a result of countries becoming scared of people actually having options with how they manage their finances. It's going to be an interesting few years for sure....
mb
2021-07-09 14:26
This had me laugh :smile: https://twitter.com/ColdBloodShill/status/1413112317508730882
ledrewy
2021-07-10 11:16
:smile:
jason
2021-07-14 14:29
haha
skat
2021-07-18 18:18
Hey.
Woke up from my crypto sleep and again got excited about crypto developments.
I'm particularly looking into using my ETH stash to generate some passive income.
I'm thinking of setting up my own hardware and become an eth validator (for 32 ETH) and also investing other part of my saving into DeFi liquidity pools.
Is anyone already doing that? I'm currently researching and noting down everything on these topics. But would love to hear so e personal experience.
mb
2021-07-18 18:46
One way to stake without hardware is https://lido.fi/ where you swap your ETH (any amount) for stETH (Lido staked ETH)
skat
2021-07-18 19:37
Difference in earning is too big to not do the hardware on my own. Especially considering that I have skills to maintain it (and all the needed hardware).
@mb do you actually use any of those options?
skat
2021-07-18 19:40
It seems like docking will actually happen this year. I noticed that they already moved testnet to POS
mb
2021-07-18 19:41
Yes testnet already moved. Have used stETH in the past.
jason
2021-07-21 03:41
Globalists really want to create a world with no privacy and no-anonymity
felix
2021-07-21 03:54
One more reason not to have any assets in Europe.
felix
2021-07-21 03:55
One thing that is concerning is this: [?] This package is part of the Commission?s commitment to protect *EU citizens* and the EU?s financial system from money laundering and terrorist financing. [?]
If I am reading this right it?s based on citizenship and not on residency, means a citizen from a EU member state residing outside of the EU might be as affected as someone who lives in the country of her/his citizenship.
mb
2021-07-21 04:49
My understanding is, they want to treat (anonymous) crypto wallets like a bank account in terms of compliance.
mb
2021-07-21 04:51
So if you are a EU resident and you want to deposit funds from your wallet to a regulated exchange, the exchange would be obliged to perform compliance on source of funds. At least my understanding.
mb
2021-07-21 04:53
In practice, if you only deal with Defi you could keep anonymous. Otherwise before cashing out you'd want to privacy mix your funds before sending to your 'government known wallet address'.
mb
2021-07-21 04:54
But then I wonder...would I then have to declare who the 'anonymous' wallet is, I received the funds from?
mb
2021-07-21 04:55
Recently a Dutch judge ruled otherwise https://www.coindesk.com/dutch-court-rules-bitonic-no-longer-requires-crypto-wallet-verification
mb
2021-07-21 04:55
But I guess the EU is the almighty...
mb
2021-07-21 04:56
For now it seems to be a EU proposal and if it goes through, it goes in effect from 2024.
mb
2021-07-21 04:57
```The legislative package will now be discussed by the European Parliament and Council. The Commission looks forward to a speedy legislative process. The future AML Authority should be operational in 2024 and will start its work of direct supervision slightly later, once the Directive has been transposed and the new regulatory framework starts to apply.```
felix
2021-07-21 06:20
The EU has gone rogue in terms of over regulations. It?s insane.
jason
2021-07-21 12:15
Guess I'll be shopping for banks outside of the EU, this is just really too much.
alessio.zazzarini
2021-07-21 15:27
Those changes are becoming unbearable
alessio.zazzarini
2021-07-21 15:27
Also I am expecting a huge shitstorm with stablecoins
alessio.zazzarini
2021-07-21 15:28
US is trying to regulate those stable coins as soon as possible
alessio.zazzarini
2021-07-21 15:33
http://lido.fi seems the best decentralised solutions otherwise also Binance or Kraken as centralised one
alessio.zazzarini
2021-07-21 15:34
yes it was a shit storm for Binance, in thailand, UK, Canada, Italy
alessio.zazzarini
2021-07-21 15:34
The removed the stock tokens too and the SEPA deposits are not available anymore
alessio.zazzarini
2021-07-21 15:43
Do you have any suggestion for reinvesting stable coins in paper assets (Stocks, Bond, ReIts) without cashing out on your personal account?
alessio.zazzarini
2021-07-21 15:43
I mean real paper assets not Synths ( I am excluding Mirror, Synthetix etc)
umesh.desai
2021-07-21 18:54
what kind of regulation? Requiring a reasonable amount of assets and liquidity to backup issued tokens wouldn't be a bad piece of regulation. I fear that without it, there's scope for a run against a particular stable coin betting that the issuer won't be able to keep the peg
mb
2021-07-21 19:58
@umesh.desai This is about regulating crypto wallets, similar to bank accounts.
alessio.zazzarini
2021-07-22 02:34
There are essentially two things that are evaluating. Or each stable coins issuer should have a bank license and should comply to any possible laws (very difficult) or they will just try to replace completely any stablecoins with a crypto dollar issued by the Country. In both cases, it is not cool.
alessio.zazzarini
2021-07-22 02:35
@umesh.desai
alessio.zazzarini
2021-07-22 02:48
Regarding the most compliant stable coins probably they are Packs and BUSD
alessio.zazzarini
2021-07-22 02:48
alessio.zazzarini
2021-07-22 02:49
Although the article is written by Paxos
ashishbhatia.ab
2021-07-22 04:07
Why would you not count Gemini USD?
alessio.zazzarini
2021-07-22 05:02
@ashishbhatia.ab yes also Gemini USD. Good point
carolarnelas
2021-07-23 17:37
Any UK crypto traders around? Just registered to binance and unable to deposit money to my account.
Tried 3 cards natwest,revo,wise no luck
Can it be that the UK is shitting with binance? Is it really banned?
umesh.desai
2021-07-23 17:44
carolarnelas
2021-07-23 17:47
FFS! Thank you for the info. Any alternatives here? Coinbase?
stolzlos
2021-07-23 17:53
https://coinmarketcap.com/rankings/exchanges/
Coinbase does not seem to be very customer friendly from what I hear.
stolzlos
2021-07-23 17:53
Kraken and Bitstamp are around for quite a long time now
fish
2021-07-23 18:19
Kraken is very supportive, I don't know about the rest tho
fish
2021-07-23 18:19
Also what does it even mean? That they can't place their servers in the UK? no working with UK citizens/companies?
umesh.desai
2021-07-23 18:31
think it's saying they are not authorized to work with anyone in the uk
umesh.desai
2021-07-23 18:31
cos they don't meet AML requirements
carolarnelas
2021-07-23 18:39
Okay so Kraken works good for UK folks?
fish
2021-07-23 18:40
Seems wrong to forbid a citizen from working with a fireight company unless its a terrorist company of a sort
carolarnelas
2021-07-23 18:42
Well the fucking Elite?s think different. They just want people to be poor and miserable...abd keep their money in the Bank
fish
2021-07-23 18:42
Revolution time huh
carolarnelas
2021-07-23 18:45
Oh yeah! Goodbye Fiat :money_with_wings:
fish
2021-07-23 18:46
I have the feeling those Elites will prefer to cancel the internet than cancel Fiat
fish
2021-07-23 18:46
We, the people, need to convince the Elite its for their own good, we're taking care of then and that its for their own safely
carolarnelas
2021-07-23 18:47
I don?t think we will be alive to see this big change... it would be too good to be true :man-shrugging::skin-tone-3:
umesh.desai
2021-07-23 18:49
also be weary of using wise with anything crypto related
umesh.desai
2021-07-23 18:49
they don't like it, and will shutdown your account
umesh.desai
2021-07-23 18:49
if they found out afterwards
fish
2021-07-23 18:51
This is a problem
umesh.desai
2021-07-23 18:53
Has not happened to me, but I have heard of reports. They already block nexo
maticko
2021-07-23 18:54
wise:
`You can receive money to your Wise account from a platform that deals with cryptocurrencies ? as long as the platform is regulated and/or supervised in the EU or UK.`
maticko
2021-07-23 18:57
cant send to exchanges tho
carolarnelas
2021-07-23 18:58
Ok thank you. I guess safer the good old high street banks here
fish
2021-07-23 19:17
I trust N26 better for Crypto
maticko
2021-07-23 19:18
brick n mortar banks are counterintuitively better suited than neobanks
maticko
2021-07-23 19:19
neobanks have very thin margins for kyc/aml and they will just cancel your account as soon as you fall out of very narrow scope of allowed txes
fish
2021-07-23 19:20
Sad truth but should be a matter of time until neobanks grow large enough to dictate some rules themselves
maticko
2021-07-23 19:21
it not like that, if banks could do away with all regulations they already would
maticko
2021-07-23 19:22
its the taxes that you pay that help to fuel your regulatory oppression
fish
2021-07-23 19:22
Don't worry, dig that grave, its not for you :smile:
mb
2021-07-24 00:17
I believe both FTX and Kraken are both EU regulated so in theory should be fine.
burrup.lambert
2021-07-24 01:04
FTX is regulated in Antigua and Barbuda. Kraken is regulated in the EU.
mb
2021-07-24 05:01
Sorry, for the EU I think this was only the tokenized stocks:
```FTX offers tokenized stock trading in partnership with CM-Equity and DAAG, utilizing a German license. See here for details.```
carolarnelas
2021-07-25 13:00
My issue with N26 is that you need a Spanish address. Is that correct?
fish
2021-07-25 22:51
You need an address in any of their supported countries to ship the card to
https://support.n26.com/en-de/account-and-personal-details/opening-an-account/how-to-open-my-n26-account
mb
2021-07-28 22:03
Kristin Smith, executive director of the Blockchain Association, told CoinDesk the draft language could mean a number of individuals interacting with crypto may have to start reporting their transactions.
?We interpret this to mean software wallet developers, hardware wallet manufacturers, multisig service providers, liquidity providers, DAO token holders and potentially even miners,? she said.
jason
2021-07-28 23:53
these people are completely incompetent
felix
2021-07-29 00:39
Thank you for sharing, Michel!
simon
2021-07-29 00:55
The EU is also moving ahead with new reporting rules for crypto transactions. https://www.reuters.com/technology/eu-tighten-rules-cryptoasset-transfers-2021-07-20/
mb
2021-07-29 05:26
@simon related to this thread https://freedomsurfer.slack.com/archives/C5HCCUVUZ/p1626795176052300?thread_ts=1626795176.052300&cid=C5HCCUVUZ
carolarnelas
2021-07-29 09:19
Guys anyone from the UK used Kraken here? I tried to deposit some money through BACS and natwest blocked me and got an email to call them as it?s a fraud...
maticko
2021-07-29 09:27
UK is blocking crypto onramps. You can try calling them and insist you want to give your money to a scam.
maticko
2021-07-29 09:28
If its a small amount, probably ok to use some credit card option for purchase. Otherwise you an intermediary bank or EMI might be helpful.
carolarnelas
2021-07-29 09:30
I did first with visa. It was fine. Then bacs transfer 3 small amount and got there in 5 minutes.
Now I tried to send close to £1k. Well this didn?t go down well...
Maybe I start doing it with Revolut?
maticko
2021-07-29 09:31
I dont know if revolut is kraken friendly.
carolarnelas
2021-07-29 09:39
I think the UK is not Kraken friendly :joy:. Thanks Matic will investigate!
carolarnelas
2021-07-29 11:57
Got this from Revo. So it seeks like just transfer money from Natwest and that?s it. I tried Revo for coinbase and it worked great.
danz
2021-07-29 14:04
@carolarnelas Several UK backs are not keen on crypto wire transfer. It has been in the news several times before. Seems you will need to find some other bank options
carolarnelas
2021-07-29 14:37
Ok thank you! Soon will have some other options
carolarnelas
2021-08-03 11:03
Hey guys do we know if Mercury Bank is Crypto friendly at all? Would they let me to trade and withdraw as a side business?
Also what are the rules for taxation for crypto in this case for a non resident LLC?
jonathan.galovan
2021-08-06 11:07
lol
fish
2021-08-07 21:58
BInance is reducing withdrawal limit to 0.6 BTC/Day, thoughts?
fish
2021-08-07 21:58
mb
2021-08-08 01:11
My thoughts are stay away https://twitter.com/franciskim_co/status/1423658703174082567?s=19
felix
2021-08-08 14:47
Thank you a lot for sharing Michel! From your expertise which exchange would you recommend?
maticko
2021-08-08 14:50
kraken for fiat interface, ftx for trading
felix
2021-08-08 14:57
?Fiat interface? as in converting fiat to crypto?
maticko
2021-08-08 15:05
yes
fish
2021-08-09 04:32
Thanks @mb. I use kraken for fiat too, good choice.
mb
2021-08-09 12:44
Yeah @felix @maticko exactly my thoughts: Kraken for fiat (basically a bank by now) and optionally for trading. And also FTX, yes.
fish
2021-08-09 20:59
I'm looking to spot trade alts, Bina is great for that and I hope FTX will do well too
burrup.lambert
2021-08-09 22:00
FTX is great for perpetual futures, though they, and other exchanges like Binance, have recently limited leverage to 20x. FTX used to be 101x maximum.
maticko
2021-08-09 22:15
if you need > 20 x you are doing it wrong and will get liquidated in a jiffy:-)
burrup.lambert
2021-08-09 22:53
If you get liquidated at any leverage you are an amateur, not a professional. Leverage is a powerful tool when used correctly.
maticko
2021-08-09 22:54
but in reality no professional uses > 20x
taylorwalkerllc
2021-08-10 05:15
They have to do Basic User KYC I think its actually good they start implementing more rules.
mb
2021-08-10 08:26
They might for quick scalps, proper risk management and stop loss.
mb
2021-08-10 08:27
But I guess the upside of limiting margin at 20x is less chance of huge cascading liquidation events.
maticko
2021-08-10 08:28
statistically anything above 10 or so is/was insignificant amount of volume on futures exchanges
mb
2021-08-10 08:30
May be. But quick scalping wit say, only 5k at risk with higher margin, has its use case is what I mean.
mb
2021-08-10 08:31
Sure 100x with a couple of million is not usual to see :)
maticko
2021-08-10 08:38
if you would actually try to do it, you would see you can't because the platforms reduce max available leverage as the position size grows
stolzlos
2021-08-10 08:41
btw, if you use leverage can you go negative equity using cryptos as margin?
maticko
2021-08-10 09:04
its up to exchange to liquidate you before that happens, in case it goes south, they have insurance funds / backstop liq providers
mb
2021-08-10 09:50
Or in Binances case, they just introduce a bug so nobody can take profit/close positions :stuck_out_tongue:
arthur.vandelaak
2021-08-10 12:02
Wrong. They have no federal insurance. You will be liable. Look at what happened to Albarn in Forex when Swiss franc dropped 30% in 5 seconds. Crypto market a lot less liquid.
arthur.vandelaak
2021-08-10 12:05
I meant Alpari a big forex broker in 2015.
fish
2021-08-10 12:07
FTX has similar KYC+withdrawal policies to Binance
maticko
2021-08-10 16:41
Crypto futures exchanges dont work that way.
ashishbhatia.ab
2021-08-10 21:47
Do people hodl and lend BTC? And if yes, any DeFi platforms that you like for lending?
mb
2021-08-11 08:12
@ashishbhatia.ab You could consider swapping your BTC for wBTC (wrapped Bitcoin on Ethereum). Then deposit here https://app.badger.finance/
mb
2021-08-11 08:16
How to:
1. Sell your BTC for ETH on an exchange like Coinbase, Kraken, FTX, Binance. Then withdraw your ETH to your private wallet (Ledger is preferred, otherwise Metamask).
2. Go to https://cowswap.exchange/#/swap (aggregator of many liquidity sources like Uniswap, 1inch, Sushiswap, Paraswap - places a limit order with MEV protection) and *approve* and then *wrap* your ETH -> WETH (wrapped ETH).
3. Then trade your wETH for wBTC
4. Go to Badger and deposit your wBTC for at least ~5% APY or more:
Full disclosure: I work on cowswap.exchange
mb
2021-08-11 08:17
As for Cowswap.exchange, there's a forum post/vote by the community to launch a token. There's chance this might be airdropped to retrospective early adapters/traders, akin to what Uniswap and 1inch did. Just FYI.
mb
2021-08-11 08:17
:point_right: Not financial advise and do your own research as always.
fish
2021-08-11 19:32
Did Basic Verification with Binance:
The moment its done the Basic plan withdrawal limit changes from 2 BTC/Day to 0.06 BTC / Day.
What a scam!
felix
2021-08-12 02:32
Go to FTX. Registering is a breeze and within 24h you are verified without any limitations
fish
2021-08-12 08:42
Which client do you use to trade FTX?
felix
2021-08-12 10:54
We are holding everything in FTX and using their web application.
994kaloyan
2021-08-12 14:50
Hey guys. Has anyone successfully got a corporate account for a UK LLP with any of these 3 -> Binance, FTX, Kraken?
What about a Bankera account for a UK LLP?
Any feedback will be highly appreciated :raised_hands:
danz
2021-08-12 15:13
Pretty sure it's doable. We registered at 5+ exchanges with a company, not a UK LLP company. But also using our UK LLP for one exchange and using Bilderlings + HSBC. Bankera works, Bilderlings, Mister Tango, and there are a few more. Most have an onboarding fee of ? 1.000 already.
994kaloyan
2021-08-12 15:25
Thanks. That helps. Did you get the Bilderlings, MisterTango and Bankera with the LLP or with the company?
felix
2021-08-12 15:42
FTX for UK LLP :white_check_mark:
felix
2021-08-12 15:43
Gave up on Binance after 3 months of back and forth for the UK LLP. FTX took 2 days.
mb
2021-08-12 15:43
@felix you had success? Do you know briefly how to set it up? Just sign up and then 'switch' to corporate? In my case, my UK LLP has two natural persons as partners.
felix
2021-08-12 15:43
We have to corporate prtner and got verified about a week ago
mb
2021-08-12 15:44
EU corporations or outside? I guess one question asked that I saw was, 'Where does the actual trading physically happen'.
felix
2021-08-12 15:45
Outside of the EU corporations.
felix
2021-08-12 15:45
Actually they didn?t ask this. It was surprisingly easy
mb
2021-08-12 15:45
Hmm nice, interesting.
felix
2021-08-12 15:47
They wanted to have:
1) Address proof within the past 3 months (we accept utility bill / bank statement) of UBOs
2) Certificate of Formation, Operating Agreement, Register of Directors and Members of both corporate partners
3) Org chart
felix
2021-08-12 15:47
We?ve sent bank statements 90% blacked out where it only showed our address
felix
2021-08-12 15:48
I registered first with an email address, did the verification on my personal ID and the switched somehow to corporate verification.
994kaloyan
2021-08-12 15:49
Boom! Awesome. FTX is the one I?m the most interested in so that?s great news. Really appreciated.
felix
2021-08-12 15:49
The whole UX was a bit awkward but once you find the button for the corporate verification everything was smooth
994kaloyan
2021-08-12 15:49
Felix, what bank account do you use to withdraw money to from FTX if you don?t mind me asking?
994kaloyan
2021-08-12 15:49
Would you recommend Bankera? Or do you have any other preference?
felix
2021-08-12 15:50
Tbh, we have not linked any bank account yet. Just transferred some ETH to FTX
994kaloyan
2021-08-12 15:51
Fair enough. Thank you for your input! :raised_hands:
felix
2021-08-12 15:52
Haven?t figuered how to convert fiat to crypto on FTX. We are with Wise and it?s probably impossible to do with that. I remember @burrup.lambert posted a short while ago which bank accounts work for what kind of crypto transactions.
994kaloyan
2021-08-12 15:53
It was this:
Fixed.
Allowed---
Wise > Bankera > Kraken
Kraken (regulated in EU) > (Bankera) > Wise
Not Allowed---
Wise > to any crypto exchange
The (Bankera) in brackets is not required if the exchange is regulated in the EU.
Credit to Burrup for this :point_up_2: information.
mb
2021-08-12 16:08
So in this case you could do Kraken <-> Wise directly.
mb
2021-08-12 16:09
? question rather :slightly_smiling_face:
burrup.lambert
2021-08-12 16:22
Yes, as Kraken is regulated in the EU, so maybe open up a corporate account with Kraken too? Then you can withdraw straight to your Wise LLP account.
burrup.lambert
2021-08-12 16:22
Otherwise you will require a crypto friendly intermediary bank like Bankera.
mb
2021-08-12 16:39
Thank you!
jason
2021-08-12 22:45
Interesting, the BSC / binance bridge still has the full 2 BTC limit
danz
2021-08-14 06:56
@994kaloyan I use Bilderlings for a UK LLP + BVI. Also Binance for the BVI (just took way to long, things slow there and I even got a contact there to speed things up). Also waiting more for Silvergate US bank which seems one of the more legit banks in this space. I also got offered Signature bank in the US, but passed for it so far. Seba Swiss denied me, no reason given unfortunately.
burrup.lambert
2021-08-14 12:08
So Bilderlings Business is crypto friendly?
994kaloyan
2021-08-16 12:44
@danz legend! Thank you so much :raised_hands:
danz
2021-08-16 16:34
@burrup.lambert Yes, got a BVI accepted with them and a UK LLP in the last verification step with them. Kraken -> Bilderlings works smoothly as example.
lee
2021-08-16 17:11
Can anyone recommend any good PRs and/or influencers that could help in the NFT space?
felix
2021-08-17 01:33
Does anyone has experience with Bilderlings? Their pricing seems to be a bit outrageous.
hello888
2021-08-17 13:35
How do these guys stay in business with this ridiculous pricing?
https://cex.io/limits-commissions
fish
2021-08-17 20:06
Probably advertising to a specific niche market of those who don't know better
fish
2021-08-17 20:07
Next question: which UI trading tools are you using? I'm with Altrady and Hypertrader
fish
2021-08-17 20:08
Neither support FTX tho
demmbox
2021-08-18 07:40
@hello888 I?ve been looking to them (http://cex.io) this week, interested in SWIFT deposits, withdrawals
demmbox
2021-08-18 07:43
if you know any exchange that supports swift transfers?
maticko
2021-08-18 08:57
Kraken ?
hello888
2021-08-18 15:02
You could try finding platforms such as https://paxful.com/ ,you can get a better rate than on CEX and use SWIFT , the only thing is that there is some verification process + there are still scammers out there.
demmbox
2021-08-20 13:26
seems good so far. thanks
omocha_10
2021-08-20 14:20
Hi,
For an EURO resident, from which country Binance is?
Does anyone know at which ammount of fiat received through one year may Binance start with a crazy demand for receipts, bills, statements etc...
Like it happened to me with Revolut.... they wanted to kmow and have too much about me...
fish
2021-08-20 16:12
Govs are cornering Binance into going through KYC, in turn, Binance is limiting withdrawal and are taking stronger positions to force KYC. I take it as a bad sign and left Binance in favor of other exchanges. What I fear is that other exchanges will follow one by one.
fish
2021-08-20 16:13
Don't think that those KYC aren't going to your gov, its just the first step
omocha_10
2021-08-20 16:22
So #defi will be the way?
Hardware wallets merging with defi protocols?
I still don?t get why if you are transfering money/assets from your own personal account where you already did all KYC, in the other bank they KYC you full on again...
This things is against their costumer service..
fish
2021-08-20 16:28
Comes at the pretense of money laundering, meaning, larger money pools for govs to steal from.
mb
2021-08-24 19:26
Kraken?s potential European regulatory jurisdictions reportedly include countries like Malta, Luxembourg, and Ireland.
https://cointelegraph.com/news/us-kraken-exchange-targets-european-license-in-2021-says-ceo
danz
2021-08-25 16:34
@felix I do, using them. Works well. Basically all of them charge good fees, except maybe one or two, but most ask 1-2k fees atleast to open.
felix
2021-08-26 16:03
felix
2021-08-26 16:06
?In addition to exempting digital currencies from property taxation and standardizing regulatory language, Wyoming has also encouraged crypto miners to use natural gas that?s an unwanted byproduct of oil drilling to power their hugely energy-intensive activity.? :rolling_on_the_floor_laughing:
stolzlos
2021-08-27 07:39
Just stumbled over that. You would think that there are countless full nodes considering how big bitcoin has grown but the number is IMHO surprisingly small.
https://bitnodes.io/
russ7
2021-09-02 19:28
I have a client that would like to pay me in Bitcoin.
What is the best platform to receive it that is also connected to a card so I can spend it - hopefully no matter where I am in the world.
Apologies in advance if this is a dumb question :slightly_smiling_face:. Just getting started with this stuff
maticko
2021-09-02 19:45
wirex if you need mastercard instead of visa, but they are more rEgULaTeD uptight brits
russ7
2021-09-02 19:58
Thank you.
maticko
2021-09-02 20:11
personally id go with binance + 1 bnb so you get decent 2% cashback, but some folks hate on binance
russ7
2021-09-02 20:13
If I understand correctly, you have to live in one of these countries to get a card from Binance.
*2.Which countries are eligible for a Binance Card?*
Binance card is available for our customers who live in any of the following countries:
Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, French Guiana, Germany, Gibraltar, Greece, Guadeloupe, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Martinique, Netherlands, Norway, Poland, Portugal, Reunion, Romania, Slovakia, Slovenia, Spain, Sweden.
maticko
2021-09-02 20:15
apparently (i dont live in one of those anymore but still can use the card)
russ7
2021-09-02 20:15
I live in Belize and am from Canada. So I don?t get any of the cool shit :joy:
maticko
2021-09-02 20:16
you get to live in Belize
maticko
2021-09-02 20:17
you can get http://crypto.com maybe if you introduce yourself like living in canada
maticko
2021-09-02 20:17
they dont collect tax numbers or anything like that
russ7
2021-09-02 20:21
Great, thanks. And yes, living in Belize is pretty cool. Moving $$$ in and out is not proving fun ? but island hopping is
jason
2021-09-03 00:57
Can you pay your rent with a credit card in the EU? You can in the US, maybe not everywhere but definitely possible. Fun challenge to figure out how to live 100% off of crypto and avoid banks as much as possible..
russ7
2021-09-03 00:58
I just discovered the Bankless podcast today. Love the thought of it.
maticko
2021-09-03 08:29
I heard someone say they top up their revolut acccount with curve card that is masking binance card and then can do sepa/wire transfer. Havent tested it.
But luxury segment is increasingly taking crypto directly in my experience.
maticko
2021-09-03 08:29
I guess they will be taking NFTs and OnlyFans tokens soon also.
jason
2021-09-03 14:52
thanks Matic, that's interesting..
mikeseo
2021-09-05 04:52
ya I did a few transfers around 1-2yrs ago, I think because http://crypto.com gave me a iban with my name on it. Dunno what the current situation is
arommelaere
2021-09-07 07:41
Hi guys, I'm thinking to create a game using user owned NFTs and crypto credits as a business:
? Should i do it under my UK LLP entity, and if yes how could i convert gain to fiat without get baned from banks etc? Would i need accounting for that? Could i just transfer crypto gains to my personal binance?
? Is it ok to do it without any entity and just transfert crypto gains into my binance?
? Do we need legally an entity to do any crypto project small or big?
felix
2021-09-07 11:51
? To approach that systematically, in general an entity is not a bad idea since it shields you from liability (in the most cases). To which extend this is applicable to crypto projects is another question and people who are more into crypto can for sure answer that.
? In general if you have capital gains you need to tax them if the tax residency of your entity or your individual residency (in case you do it in your own name) taxes capital gains.
? Convert fiat: Many traditional banks are ok with crypto and normally only the neo banks/EMIs have more problems with that.
? Accounting: As soon as you have an entity that needs to file an audit or has some kind of reporting requirement, you should implement accounting. Recently came across https://cryptio.co/ which is an accounting solution for crypto. Haven?t tried it, didn?t read extensively about it, nor made any research about it.
kristina.bikare
2021-09-12 19:31
Hey team,
Anyone is using Wise to buy crypto and then eventually withdraw fiat?
About to start setting all things up (crypto exchange, defi wallet, and/or anything else that I would need) and looking what would be the best way to do it with Wise.
I am Latvian myself (and living in Latvia atm), I have UK LLP and have both business and personal Wise accounts and obvi do not want to involve Latvian banking system, which I pretty much don?t use anyway.
From what I see so far, I would need:
1. Bankera to send fiat from/to Wise
2. Kraken as an exchange
3. What about the wallet? Are there any wallets that connect directly to Wise?
4. Anything else for the basic buy/sell crypto?
Some other questions, if anyone can point me in the right direction:
? If Kraken is EU regulated, but Wise isn?t really reporting anything to your country for tax purposes and I am not involving my Latvian bank - how is this really tracked? Where do I even log (if I have to) tax on crypto gains?
? Any other exchanges/wallets that are Wise friendly for me to know? Or that would have it?s own card with good cashback?
? Should I open an exchange and everything on my personal name? Not my UK LLP? Not sure how correct it would be to do corporate if crypto actually hasn?t anything to do with my business.
Any advice/tips really appreciated:pray:
aka
2021-09-14 15:14
Which Wise are you using?
aka
2021-09-14 15:15
Does Wise allow you to connect to external wallets?
aka
2021-09-14 15:15
@kristina.bikare
seb.malek
2021-09-14 15:16
I think she meant Wise aka TransferWise
aka
2021-09-14 15:16
They are not crypto friendly, afaik
seb.malek
2021-09-14 15:16
anyway...you can use TW to top up a Wirex account and use it to buy LTC
seb.malek
2021-09-14 15:16
I did it several times with 4 figures EUR
seb.malek
2021-09-14 15:16
worked just fine
kristina.bikare
2021-09-14 15:49
Yes, I was referring to Transferwise @aka definitely not crypto friendly, so I was wondering if anyone has found a workaround :smile:
@seb.malek thank you! I will definitely into it - is it only for LTC or other crypto as well? Was there an option to hodl as in a wallet or it's just to buy/sell crypto?
aka
2021-09-14 15:50
So this might be not the smartest thing, but.. you can definitely buy and transfer crypto out with revolut
aka
2021-09-14 15:50
im not sure you can do with revolut business
aka
2021-09-14 15:50
but thats an easy way in
aka
2021-09-14 15:50
you should store it in some offline wallet, be it paper or hardware, if you want to store it for longer
kristina.bikare
2021-09-14 15:54
I do have some crypto in Revolut too, but I haven't seen an option to actually send out Crypto :open_mouth: You mean like into an external wallet from Rev? I ony saw option to sell it back to fiat
aka
2021-09-14 15:55
im not sure if it?s a revolut premium option, as i have it, but its limited to something like 2k usd a month
kristina.bikare
2021-09-14 16:03
Okay, gotcha - I def don't have it on the free version, will look into Wirex and setting up Bankera then. Thank you for your help!! ^_^
seb.malek
2021-09-14 17:23
@kristina.bikare you can buy some other cryptos such as ETH via wirex but you can always just transfer it to some dex and exchange it for whatever crypto you need.
seb.malek
2021-09-14 17:23
i wouldn't keep it on wirex if that's what you're referring to
seb.malek
2021-09-14 17:24
btw, from wise tos: "You can receive money to your Wise account from a platform that deals with cryptocurrencies ? as long as the platform is regulated and/or supervised in the EU or UK."
seb.malek
2021-09-14 17:30
I would suggest opening an exchange account (Kraken probably) in your personal name... you can then pay out profits from the LLP to your personal IBAN and simply transfer it to Kraken in order to buy crypto
seb.malek
2021-09-14 17:31
because if someone sues your LLP, your crypto is at risk (if it's owned by the company that is)
kristina.bikare
2021-09-14 17:50
Gotcha, thanks so much @seb.malek!! Appreciate it :slightly_smiling_face:
lui.kohl
2021-09-15 13:17
Crypto . com have a pretty attractive card, I don?t have one yet but have some friends using it (https://crypto.com/eea/cards)
lui.kohl
2021-09-15 13:18
Kraken is a good shout as an exchange, FTX is also strong. I think Kraken is easier to withdraw to a bank account in fiat (euro, USD) than with FTX. FTX has more volume and lower fees for withdrawing crypto to crypto wallets.
lui.kohl
2021-09-15 13:19
In terms of taking custody of your crypto with a wallet, depends which crypto you?re buying. If you?re on Ethereum Argent is highly regarded (https://www.argent.xyz/).
kristina.bikare
2021-09-16 13:51
Cool, thanks so much @lui.kohl!! Will look through these :thumbsup: