Tfw finally obtained a high enough trading volume to access commission discount rates on the exchanges

>too brainlet to read the thread before shitposting

what would you suggest a poorfag sit a couple hundred bucks in for a longterm moonshot??

How come when you LARP no one questions it but when I do everyone tells me to buy LINK?

Of course it is, it's a shitcoin.
When see a great opportunity, don't be bagholding some other shit. Have your cash ready to go and be patient for months and months if you have to for it. But be absolutely certain.

And learn to trade with indicators and learn to judge news to know how the market will react and use this to trade large cap coins.

Top three coins for what? To hold or trade?
I don't work like that. I look for news and signals. But I am extremely confident in ETH doing well long term.
All I said was that my volume is high enough to get those trading commission discounts and talk on foreign exchanges that require high volume to chat in the chatbox. Not a larp, not even unbelievable really. I've just been here a while.

Why you say shit like stellar a shit coin? Is Req a shit coin?

How do you feel about FUN?

TA isn't a meme when it's used for coins trading relatively sideways against USD in a fairly well defined range.

It sounds weird and cliche but you need to always be thinking about the psychology of the market. "What's the average investor going to think when he sees this chart pattern right now? how nervous is the market right now? Nervous enough that everyone who just bought that dip is about to sell with minimal profits, crashing the markets again? How will the market react to this rumor? Is it a big deal and they'll buy or nothing at all?" Try to use indicators and TA as a tool to explain some of the market's mindset while trading.

Where do you find your main sources of news and do you have a system?

Where would you recommend finding the best indicator trading skills?

Thanks.. hungry to learn how to attack this opportunity best.

Do you trade large caps mostly for the security or because of the high volume for entry / exits? Sorry for two posts.. appreciate your teaching.

I don't know what to tell you. I no longer hold those kinds of coins for months on end. It's easier just to trade large cap coins.

I actually see big potential for REQ but I'm not buying it right now.. It needs more structure and I think it needs some time. But I'll certainly trade it and I actually sold my ICO holdings in it for a profit so it's a good coin to keep an eye on right now. Depending on how the market reacts to Bitcoin relative to ETH over the next month altcoins like REQ could see a huge lift or not much activity until around February 2018. There's still a lot dependent on Bitcoin and easy swings to trade with large cap coins. But if Request Network gets its act together and starts pushing its coin into the mainstream it could gain real traction. A huge downside for me is that its an ERC-20 token, which means its entirely dependent on the company behind it. That's not something I like, and it's not something I have to deal with for Bitcoin or even Ethereum or Monero.

I know very little about FUN other than I've traded it before and sold for a nice profit and haven't looked back. If I see something exciting about it again, I'll buy back in. That's really about it.

because you didn't post a pic of your golden lambo

thoughts on Dragonchain DRGN?

It's still post-ICO waiting period but I am interested.

Fag

>Where do you find your main sources of news and do you have a system?
Big news will usually come to me. Browse Bitcointalk, Veeky Forums, and the trollboxes and even daily generals on reddit (fuck everything they have to say about crypto though) for news articles and information and then do background research on that information...is the fun way to do it.

If you really just want all the news just browse the crypto news sites...newsbtc, ethnews, coindesk, cointelegraph, cnbc, anything at all about coins from bloomberg or business insider or forbes..
Yuck. It's more fun to find news organically, so to speak, by talking with people. Chatboxes help.

>Where would you recommend finding the best indicator trading skills?
Tradingview is great. A big part of understanding the market psychology just comes from experience of having been in similar situations before though. But always consider what an average, scared investor in the market might be thinking at any time when he sees the same chart pattern as you. That comes with practice though. Actual indicators are found on most exchanges but tradingview is great for organizing them. Use RSI, Bollinger bands, moving averages, ichimoku clouds, and all kinds of candlestick and chart patterns you can find when you're just starting out but consider them a crutch for understanding the market psychology. Sometimes new investors just want more of a coin thinking it has to keep going up and your TA goes out the window because that's not how the average investor is thinking right now.

That's why TA is great for coins trading sideways in a range because that's not dumb investors, its usually people with more money using TA and trading a coin normally instead of a mania/panic. So know when to apply it accordingly.

>Thanks.. hungry to learn how to attack this opportunity best.
What opportunity? NEVER assume there's another 100x opportunity out there right now. You might have to be patient for months for that.

because it's true?

I've invested about 2% of my fiat nw and turned it into roughly 4%

I'm at a crossroads whether to scalp earnings and just stay 1% in crypto or to take this as a sign of good fortunes and make a 10% - 20% play over the next month or two.

Thoughts?

The security. If you're like me, then once you have a significant portfolio size, it becomes almost impossible to comfortably throw it into small cap coins and hope for a miracle. I still trade small cap coins, but on a much smaller scale.

It's far easier to buy large positions of big coins and sell within a range (HAVE A PLAN AND STICK TO IT THIS IS FUCKING CRITICAL) than to buy any coin and just hold for months or years.

But use the market psychology to time your exit points too, not just entry, or you will end up selling early. Not just TA but also considering the news and WHY people are buying right now. What's making the average investor buy right now? What's the reason for each rise and fall? Try to understand that and consider their perspective and it becomes easier to see where things are going.

Give me a gestalt on the most efficient path to trading for a beginner with $200.

>Prefer sticking to mobile
>Coinbase doesnt accept my card (America fag)

Also, shilling for help here:

This is what I’m feeling my goal should be.

Maybe take some gambles I believe in and try to get a more unassailable position to deal in larger caps for security. I literally have two years to make enough to live on the rest of my life. I’m great at picking some solid winners with research but weak on TA and poor selling off sacred cows. Thanks for the advice.

Well...the reality is if you want to make the jump to another "level" by turning that $200 into $5000 and then $20,000 and then $100,000, then at each one of those levels you need some kind of golden opportunity. Something that comes along that you were lucky enough to get into before everyone else.

Kyber's ICO (and a few other ICOs) were like that, and they were genuinely difficult to get into for the most part, usually because you had to be fast and lucky.

Ethereum was kind of like that for those who understood it enough to buy it while it was low and lucky enough that it caught on.

And for me other opportunities, like happening to spam the Timereum airdrop thing a bunch of times when each address turned out to be worth $6500 each at its peak, was a big stroke of luck. If it was so obvious, everyone would have done it.

You can either wait months or years for those opportunities, but never assume that they exist every day and you just haven't found it yet. Most days they just don't exist.

BUT in your case, your portfolio is small enough that waiting for the next reasonably good news for a coin and buying 3 or 4 weeks in advance and then selling right before the news comes out should make you decent money. It's a slow process at first but do that a few times and you'll start developing a stronger portfolio while you wait for a better opportunity.

You don't want to be caught holding bags when the next opportunity comes along though. You need to be prepared and never believe a single word anyone here tells you.

LINK is soon to come out with a major announcement about timeline, and ultimately launch of mainnet. It is the perfect complement to ETH, which is why it's shilled to a nosebleed level here. Any thoughts?

>Prefer sticking to mobile

I'm on something like 17 exchanges now and use computer and phone depending on where I am. You need to seriously put effort into this if you want to make it. Turning $200 into a fortune is not a passive activity, unless you genuinely found "the next Bitcoin", which you didn't but in that case you wouldn't need anybody's advice, by any means.

Thanks user,

Wasn't too optimistic about getting magnitudes of profit off $200 but hopefully I can get my foot in the door.

What do you recommend in terms of crypto apps?

I've downloaded Binance, Bread, and Coinbase and am sketched out at all of them.

-Binance: have to get crypto first
-Bread: connecting via Bank password+username seems sketchy.
-Coinbase: Citibank rejects

Thoughts on LibertyX?

This is a sincere question OP

Every "big opportunity" that comes along is what will really move your portfolio to the next tier. But to understand when something is a big opportunity like that, you need to have a clearly explainable reason why you think the price will go up or down.

>This ICO had the largest chatroom communities of any ICO to ever take place, is not allowing Chinese or Americans in theory who will want to buy it when it hits exchanges, has a small market cap, and has a very small individual cap for investors
>This will make the coin go up on exchanges because these investors who want to invest more or who are unable to invest will have strong incentives to buy it when it hits exchanges
>They are doing this purely because they want to sell the coin for higher, and I admit that, but I have strong reason to believe that by adding so much explosively volume to the coin because it's being released on a bigger exchange, along with everything else and a solid team of advisors giving investors faith, more people will buy it in the short term.

NOT
>It has a working product and an excellent team. They do an amazing job on their product already and when people see all the amazing updates they have coming up they'll definitely buy it.
That's a great product and might be the best in this space and have news coming soon but there's no clearly defined reason why investors will want to buy it. Why should they buy it?

>sketched out at all of them
What do you mean? I'm an American too and Binance and Gdax (0% trading fees for limit orders so it's good) work fine. These days I use Gemini to add new funds though just because their team is relatiely fast.

Also, arbitrage is not a meme. It works and is very profitable, but probably requires a larger position before you should really focus on it.

When will bitcoin dip below 9k so I can rebuy and hodl that shit for a couple years?

I can only give my opinion on this, because it's going to depend on your risk tolerance. I think "buy and forget" with crypto is a mistake. I might be wrong about ETH, XMR, or BTC with that though. But I say this because I personally think that if you're going to buy into this market you need to commit the time to actively trade it and always monitor it and be ready to change your positions.

If you're willing to commit the time and effort to studying it, then 10-20% would be great, and you can trade in and out of crypto with relative ease and keep your fiat in FDIC insured exchanges to keep trading or arbitraging.

But I think 10-20% play over the next month is the way to go provided you put in the time. Otherwise 2-5% throw into very large cap coins and held is a better option.

(Seriously consider December 18th and CME for Bitcoin though, as that will likely affect the entire market and could be very bad, or it could be nothing). So when there's an obvious trade, don't hesitate to pull out and scalp your winnings, but if you're going to put in the time to actively trade your fiat then 10-20% is fine. It's volatile but not as risky as everybody thinks.

I don't think it's the kind of bubble that could pop in a few minutes and never recover, though. I think it would take a slower, more gradual process of the market turning sour for months for that to happen.

>Over the next month or two
Consider that Christmastime is not good for trading. Spring would be much better for this.

These posts, if you're not being ironic, frustrate the hell out of me.

You fucks complain
>When will it dip to X
And then it really does dip below that and you scream
>It's over, it's falling, nobody buy I'll just buy lower
And then it recovers and you ask when the "dip" is coming again.

There's no helping idiots who think like that.

Trends are always more likely to continue than reverse. So trying to time the bottom of a dip is idiotic and if your original plan was simply to buy Bitcoin below a certain level within a certain time frame, then do it.

Will look into arbitrage and gdax, thanks

>just paranoid of PC hushware cuz pirate.png

This is gold. Thanks. Do you mind sharing your working research and thought mines?

I wish I had read and known this a few months ago. I’ve made just enough bad moves and spread myself so thin I have literally watched tens of thousands in opportunities to both buy and sell. I am a guy who love action and data, and sitting around “hurry up and wait” mode is killing me even if I’m making money.

Quick, Do you think singulardtv is about to make another big run up?

SNGLS on bittrex

My dude, thanks for coming back to me :) I thought you were just shy to give your opinion.

> active trading
is hard with my position ( not meaning to whinge ) since I work / help sick parents / renovate house / program at home. I always try to research a new coin every week though to look for an opportunity. I'm signed up to a bunch of exchanges to change position in case of emergency / the next ETH play

I'll look into the Dec 18th event and decide for myself if it's a nothingburger or not. Thanks for the tip!

Any youtubers / bloggers you watch?

Here's a little something for you that I'm going to delete a few minutes after posting:
Citibank allows you to convert Korean won to USD at a 1% fee, basically, as long as you have an account open in Korea and the US. There is a legal limit of about $50,000 PER PERSON that you can take out of Korea into the US per year though. And you can wire the money into Gemini and resell in Korea. This is a financial loop and it works I have done it through my wife's Korean bank account and her family members bank accounts, and traded back to USD when the USD price is higher than the Korean price.

This was a risk-free $20,000 or so in my pocket this year alone with no exaggeration.

OP, are you saying I need to trade, not hold, to make It?

What is a reasonable but small pool of money that you'd say is a good start to invest with?

t. collegefag

I'm saying that you need to trade with reasons behind your trade, not just gut intuition or thinking "it has to go down it's too high" or "it's too low it has to go up now." Strong clearly explainable reasons "Investors will buy this because of this reason. The technical analysis shows this, because TA is supposed to be a reflection/symptom of market psychology, not a cause of it. For that reason I will buy now and sell on X date or at X price."

Buying and holding Bitcoin because "it's deflationary and more people are getting into it now. It's being added to the CME and gaining momentum all over the world, so all this coverage will bring in more investors." is fine if that's what you believe. My opinion is that you should consider selling around December 17th and watching closely on the 18th to see how the market responds, but you might be more knowledgeable about what's going on and disagree.

"Just buy and hold because all crypto will go up" is not a good idea.

And if you want better returns or something less risky, yes you should learn to trade.

>like 17 exchanges now and use computer and phone depending on where I am. You need to seriously put effort into this if you want to make it. Turning $200 into a fortune is not a passive activity, unless you genuinely found "the next Bitcoin", which you didn't but in that case you wouldn't need anybody's advice, by any means.
>>>
fk missed this psot

paranoid of coins getting stolen on PC I guess.

GDAX good?

Thank you, I will reflect on this.

OP thank you. I'm just getting started into this as well and all of your advice is incredibly helpful and insightful.

Are there any small coins that you think may have potential?

Not him but I don't really follow? You mean you cash out there and then move it back to USD?

I'm not sure I understand. You can start with anything, but it depends what you intend to do. If you're looking for a big opportunity like ETH and you find one, then put whatever you want into it. If you're just looking to learn how to trade, start smaller. But don't paper trade or simulation trade or anything. You need to feel every loss you take when you first start because it's like therapy and you will get better at it as long as you can articulate what mistakes you made and why.

If you're in college, do you have a part time job? If yes, put what you can into your investments and have an emergency fund. In fact, make the emergency fund first and then don't touch it. Then put the rest into investments. Be cheap and budget yourself so that virtually everything you make goes into investments and the rest goes into your daily life. Start from there and for a very, very long time you should reinvest everything and never spend it, and stick to your budget.

When you fall behind on your budget, like let's say you're like me and budgeted $500 for a month but through some horrible event your car got towed and now you had to pay a $375 fine. Don't take the money from your investments. Take it from the $500, tell yourself "well, I would have spent that money this month anyway," and then have a shitty month until your next paycheck comes back in. This sounds bad but it will keep you sane so you don't experience "FUCK my portfolio could be X amount bigger if I hadn't had my car towed fuck!"

also what do you think about HST? I think the marketcap is way too small, but I don't know anything about TA. I've put in about $180 and my portfolio is sitting comfy at ~$269. You think it's smarter to move out and just start trading, or should I hodl for $1 per HST since I have such little starting capital?

When do you expect to shift gears? When hit your first couple thousand?

See too. I think it applies to you.

I'd be happy too but emails from me might be kind of sparse. Do you have a throwaway email at which I can reach you?

Yeah. The Korean prices and USD prices fluctuate back and forth. The past few days Korean prices were reaching 12 and 13% difference. I cashed out and moved back to USD with a 1% fee to Citibank.

The problem here is that Citibank gets suspicious that something's going on, there are tax implications, and a person isn't supposed to move more than $50,000 out of Korea per year, and if your'e really unlucky Citibank might accuse you of structuring.

But there are ways to kind of work around most of that and other times it's better to just accept that you might be reported for taxes on it considering it's thousands of dollars in free risk-free profit made instantly when you buy on one exchange and sell on the other at almost the same time.

I really can't say I know much about it. I don't try to analyze coins with such low volume and on exchanges with low volume.

But why should I buy it? Why is the price going to go up?

Hype and excitement over the coin, even unjustified, is still good reason for it to go up, I just want to know. Is there a lot of hype over this coin, like there was for BAT, Status, LINK or Kyber during the ICOs? They talk about political organizations and parties planning to use it. Which ones? That might cause some hype. If it really got picked up by a political party, that would be a lot of hype. I don't personally think that's a good bet to place though, because it's a long way off.

I'm looking at the company and it's a cool idea. Company looks great and I wouldn't doubt that they know what they're getting into.

However I don't see the reason to buy it yet and I don't believe in analyzing coins like that which are at risk of losing all the hype they have now and then struggling to maintain investor interest and volume even if they're doing well now.

And I might be completely wrong and it shoots up to $1.50 this month. If you have a reason the price will go up, I really do want to hear it.

If it's trending upward, keeping in mind it has relatively low volume because it's on lower volume exchanges, then maybe you should consider that the trend might continue and take out some of your money but leave the rest in.

If you think it's being added to another exchange soon, that's a big increase in volume right there and that alone can cause a coin to gain attention and hype, which will make speculators buy it. If you really think that's going to happen, then I can follow that reason.

But I don't know for sure because I haven't thoroughly researched this coin. I'm past the point of throwing a large amount of my money into very small coins because I'd rather spend that time researching larger coins in more depth, but I'm open to hear a new opportunity.

I'd like to learn how to trade, and I do feel every loss I make. All part of the learning experience and I learn right fucking quick. Really, I'd prefer to get burned early instead of later on. Started with $300 so far.

I also have a part time job that I work full time when school isn't in session. I do not spare a day off and my boss is all the more happy to assign me every possible day to work. I work commission so the more I hustle the more I earn.

Emergency fund is good for three months. Budget is now planned well in advance and rarely deviates 4% out of budget.

Anything else I should do to learn?

Is this actually happening? A real thread on Veeky Forums, with minimal trolling and intelligible conversation?

In all seriousness, I read the thread, solid advice OP. I've done extremely well this year by thinking the same way, and then applying a clear and consistent strategy (like REAL dollar cost averaging in a long position for example).
Keep it up.

Lastly: curious on your thoughts on MXR?

I’m drowning in your wisdom flood.

Thanks man.

XMR* sorry was typing on phone

>Emergency fund is good for three months.
Good. I've been fired unexpectedly after moving out and living isolated from family and this is way more important to have than it feels like when you're still employed.

>Anything else to learn?
Well obviously there's a lot... you want to trade crypto only? Take the time to read how to use the TA indicators on tradingview.com if you can. It's worth it to give you confidence about your trades (giving you solid reasons that you can explain to justify each trade) and to time your entry and exit points more precisely instead of trying to use your instinct. You will develop instincts for the market's psychology, but TA is supposed to be a reflection of the market's psychology, almost like a guide for reading it, that helps to explain what people were thinking about the coin at one point, so you can judge what the same people are probably thinking now and make your move with that.

Always keep the market psychology in mind and be thinking about what each trader is probably thinking right now. How nervous and likely to sell is the market if it dips right now, how strong and likely to buy the dip is it because these traders just saw the past 5 dips get eaten up and have strong confidence now, where is average joe trader probably putting his stop trades right now? These are things you need to consider if your trading in a short time frame.

Trends are more likely to continue than repeat. Use volume as an indicator of whether hype and interest in a coin is dying out and depending on other indicators and whether a coin is overbought or oversold, does that mean a trend is about to reverse? The point is do not trade against a trend thinking you've got the absolute bottom or top EVER. This is a bad idea. Trade with the trends always.

There are plenty of books out there to read about better trading styles though. As for your budget, constantly be putting everything you don't spend into your portfolio. Hoard your portfolio.

BCH 3k by EOY?

Yes. I appreciate it.
[email protected]

I’m humbled by your gracious assistance. I’ll make your time worthwhile. Soju in your name. ;)

Sorry it's not applicable if you don't have the Korean connections, but even just trading back and forth between Korean and US exchanges when the prices flip back and forth is decent money (but still risky if you can't cash out via Korea I guess).

But I discovered to look for times when Korea or US is sleeping to see who is controlling more of the volume, and who trades on the weekends. There are patterns, in that with less volume on the weekend nights in the US sometimes Korea takes off much higher than the US if ETH is trending upwards, whereas if ETH is trending downwards the opposite happens. But these patterns don't always work significantly, but in my case it's arbitrage. I was so happy when I realized my "plan" of making this sort of financial loop through Citibank actually worked.

But anyway what I said here about market psychology and trends might be a little helpful too: I'd let you know if I had a better way to make money right now but if you want to email we could set that up.

I'll email you and my email has the name chris in it by the way and is a hotmail address so you know it's me. Lol are you by chance Korean?

NEBLIO a current example of this perhaps. I was up 100% and with hands too strong and too much greed, I held and lost 50%. Just not enough to maintain investor interest and hard lesson learned. On the flip, POWR keeps investors teased like marketing chess pros and has my full attention.

I didn't follow NEBLIO but in general you can use volume to gauge that kind of thing. When the volume starts to dip, investors aren't trading as much and might be moving on or losing interest for a while, especially if you're way into the overbought RSI on a daily chart.

>you want to trade crypto only
This is a traditional brokerage account and I've been trading stock exclusively. I've just been studying companies outside of their financials without consideration to market indicators at the start. If their tech looked promising I bought the low and rode the hype wave up to sell later. It worked for some time until I got into something that didn't push any volume and was continually dropping in price. Cut my losses and now I look at volume a lot more closely. I need to brush up on fundamentals, that's for sure.

A few other people that I've been talking to tell me to consider options trading. I don't understand it very well so I'll pass until I study how it works further. Seems a little too risky with the little bit of experience I have.

I'm sorta nervous about crypto. I don't understand it very well either. I have $100 into BTC just for kicks but I'm studying the whitepapers for Bitcoin to see how it works. It seems Veeky Forums bleeds into /pol/ whenever a correction is imminent but I'm never quite sure why that happens. The pink wojacks are worth some laughs though. That's what got me interested though.

I'm not looking for a super in depth answer, but I'm genuinely curious what people that do this for a living and are successful at it think of Palm Beach Confidential, Egghead Teeka, and the fact that people dog pile on leaks to try and get in before everyone else hoping that they were early and can dump on to the other poor suckers trying to dog-pile on

I’m not, just a huge fan of international cuisine and culture. :)

OP, you happen to work on a small street called wall street?
You talk like a broker... Takes one to know one.

here you seem to be saying to buy BTC before Dec 17, I'm guessing in preparation for institutional money coming in with CME
but here
you seem to advise selling and significantly moving into fiat because CME could be "very bad"
could you please clarify, I'm having trouble making sense of it

I’ll tell you my failure with PBC.

I like others was able to research my way into guessing his November coin was likely SLR or a red herring and potentially POWR (maybe he wanted to talk to Nick Gogerty of SLR about POWR is now a suspicion). However I think there is a decent chance Solarcoin could be December pick - if not POWR or both.

Back to my SLR story. I’m pretty new to crypto and it seems easy after riding through ICO winter and buying value but buying it WRONG. Regardless, I am doing well when market trend starts up because an idiot can buy low when market is down. I have to real direction or strategy other than making a career out of this via crypto so I can explore soft skills like writing, music, video, communication, education etc.

So I bet everything on Solarcoin. Well, I make a 50% portfolio bet. I do this not only betting whether its the PBC pick. I bet it because it felt like the “preload” would be pretty great with such a low MC coin.

I’m right. The night before PBC released, I am up 40k. I’m shitting myself.

Instead of selling, I have this notion that if SLR is the pick, I’m going 5-10x with that low MC. So I take a video and let it all ride for a new YouTube channel I want to start (but still haven’t).

Needless to say - brute force attack on PBC.. then fake news about Potcoins.. and the fact DASH was the “pick” left me scrambling to sell.

I basically break even.

But powerful and painful first lesson taking a shot at massive profits.

Now i realize I already had the massive profits.

Dog, a bone, and his reflection in a stream..

Embarrassing. :)

I generally think trying to "buy a low" can be bad if you're catching a falling knife because it's hard to call a bottom. But if you're buying a low dip as a part of a larger upward trend then it makes sense because you're still buying with the trend. Cutting your losses in a trade can be good if you had a plan and it didn't work as opposed to cutting them out of panic or fear. But stocks have a lot more in the way of fundamentals and other things to consider, and are more difficult for an average person to trade quickly.

Cryptos are very volatile, which is what a trader should strive for, and it feels like things move at a much faster speed because so much of the market is driven by speculation. There's less in the way of fundamentals and more pure market psychology (reflected partly in TA) to consider and to me that makes it much more fun.

As for understanding it, understand what a blockchain is and understand the value proposition put forth by cryptocurrency buyers. When you buy new coins, understand what separates them from Bitcoin technologically. Smart contracts are an amazing concept when you understand them. Try writing in Solidity too if you want, the Ethereum network language. ERC-20 tokens bother me a bit because they are technologically very similar to each other, though they have different functions which can control their supply and other features, but their value almost always comes from a single company which created them and tells you what you can do with them. But technologically once you understand Bitcoin, Ethereum, and private ledgers, there isn't much of a leap to understanding every other coin's technological difference you find.

>Options
Options are awesome.You get to bet on the volatility of a market and you can make money even if a market doesn't move at all.I had to memorize a whole book of options strategies when I was taking actuarial tests.I really recommend at least reading options strategies because they're interesting.

pardon my french but what the fuck did you just write?
"So I take a video and let it all ride for a new YouTube channel I want to start "
what the hell does that mean?
brute force attack on pbc? did someone steal passwords? what?

how much did you start with? was your first trading experience with crypto? what exchange do you use? how do you plan to cash out without the IRS's hands on your stacks?

I took a video of me waiting for the PBC pick in case it was SLR and I turned 40k into 200-800k for my first big move. Would have made a great story.

So would have netting 40k without risking waiting for the pick. Now i realize that story is better.

This shits gotta be recorded or blogged so, I am gonna do it. My foray from corp life to crypto life pulling the plug on 20 year career.. just hit a wall.. here we go.

Whenever there's news like CME, I sell beforehand and wait for a market reaction. That's what I was trying to say.

If the market decides that particular day is the day for Bitcoin to soar and new investors pour into it, I have no problem admitting I was mistaken and buying back in. I just want confirmation.

Bitcoin is technically overbought on the daily RSI in USD (It's above 80). That was wrong of me to say that. I was kind of planning to make this thread as a brag and not be serious but started giving away my real opinions. I was thinking of the RSI from a few days ago when I said that and I apologize.

If Bitcoin dips here and its daily RSI dips back below 80 or 70, that's generally a very bearish sign. That hasn't happened yet though, but I'm cautious.

I think investors might be reluctant to invest in Bitcoin more when it's this technically overbought, but if there really is some kind of scandal pumping it all up then it wouldn't matter I guess. I'm trying to be careful but the point is to sell the news and wait for a market correction, and I think December 18th is news to consider.

would you say one advantage of ETH is that so many companies - many of which look very promising - are reliant on their network, propping them into obtaining smart contract potential market monopoly even faster?

Thanks for the information. I don't think I have anything to ask as I'm too inexperienced to ask the right questions. Work is only six hours away so I should probably catch up on some sleep.

I'll save this thread for later reference. Looks like I have much to study on top of the EE degree. Thanks for this rare gold nugget on Veeky Forums.

What TA resources do you recommend besides tradingview? I'm look at the charts on tradingview right now, and these trends seem to obvious its a little unnerving. Is it really as ez as buying when it hits the trendline?

thanks for clarification,
I thought that's what you meant but wasn't sure

I'm in a position where I have very little money to my name, but also have medical issues that prevent me from working (currently). It could be a few years before I can work again (if I'll ever be able to).
I'm not willing to put the small amount of savings I have on the line because if I lose it I'm fucked.
I've invested $1720 into ETH, just want to hold long term. I'll try and throw more in whenever I can. Do you think I'll have made anything off just holding? Not rich, but enough for another year or two without work?

citi hasn't frozen your accounts for this? considering even coinbase will freeze your account if they notice the type of activity you describe, i am fucking amazed that citi hasn't invoked their AML (antisemitic money laundering) responsibility and stopped you due to being a bad goy who cruelly exploited the system by sending money to yourself (shame on you)

in september i brainstormed for weeks about ways to arbitrage through currencies while dodging AML (antisemitic money laundering), and you seem to have discovered that the key to doing it successfully is to not give a fuck

I assume you made a volatility play today as soon as Flynn made his guilty plea right? Spy was literally a gold mine, sell the puts post tumble, hold the calls for recovery by the 6th. I mean I'm not even a big traded and that made a killing.

I started at the very beginning with a couple hundred, saw it grow by only about $100, and within the next month or so after that I believe I put in up to $2000 or $3000. I don't use Blockfolio and because I arbitrages a lot between banks sometimes the exact amount I started with is confusing and I try to add more from portfolio here and there.

I started learning about trading through actuarial exams and then trying out stocks with Robinhood but lost motivation to trade much and just studied things like options markets and the financial mathematics instead of actual trading. Then I became interested in crypto separately and it kind of took over my life and I started trading almost only crypto.

I use over 15 exchanges at this point I think, but that's because whenever there was a coin I wanted, I would make an account on the exchange. And now whenever I want to buy a coin on some small exchange, I'm fully prepared with an account already. So I can easily move between exchanges to buy something whenever an opportunity arises.

But for most of my money in the larger cap coins, I'll just stick to Coinone, Gemini, Gdax. Used to really like Poloniex, then Bittrex, now considering moving more altcoins over to Binance.

>How to cash out without taxes?
Well, there's ways to make a convincing story and evade taxes with it. I haven't really put together a strategy yet or researched exactly how I'll handle that. There's fraud via gifts from my wife's family members who live in foreign countries and wife's account I set up, ways to "lose" your money, cashing out via cash and spending that..etc., and just paying. Haven't decided or looked at my taxes yet this year.

Good luck and thanks

I won’t speak for the long timers and pros here because they know a lot more about markets than me but..

I like POWR long as much as any other small or mid cap out there for a long hold.

If you want to 2x or 3x your money in a month or two Substratum is a nice play. When they hit bittrex they are doing a token burn and it’s got a ton of fundamentals going for the project that could actually make adoption a little easier (hardest part to pull off) which separates it from its competitors.

I'm looking at it now and wishing I had though. Congrats on a good trade.

Citi has no reason to do that. The money is withdrawn into my wife's foreign account, also with Citibank, from the exchange. Then it's transferred through Citibank's instant global transfer network and arrives instantly in my account. Then I simply wire it to my crypto exchange or use Zelle to get it to Wells Fargo and wire it from there.

When they confirmed a wire transfer for me, they said "also as a security precaution, we'd like to know who sent you this money previously via our global transfer," to which I respond "my wife. she wanted to move some funds to us from her home country for me to invest here." "Oh ok." and that was the end of it.

I have no doubt they processed some kind of internal report at some point for me making a large wire transfer but the profits will still be worth it if I'm taxed for it.

Op is legit good thread

If only shit like tether didnt undo all tbis

>tfw this is all gibberish
So did you buy the dip or something? This is going way over my head at this point

>financial math
cool, that's what I'm studying right now myself. Did it help at all with crypto or do you wish you stuck more with actual trading course and stuff like that?

Hell we used to just cash out via ATMs with my wife's Citi card in the US, despite horrible ATM fees in addition to the 1% currency transfer fee. Just withdraw via foreign currency into her account and use her card to withdraw at a US ATM, no global transferring or wires necessary at all.

But cashing out that way is only for extreme situations. For 99% of the time, it's more profitable to wait for the prices to flip again and make money going both ways instead of paying fees.

can you recommend an options strategies book?

The financial math I studied didn't help with crypto. It helps with reading financial statements for traditional investing and memorizing options strategies but not crypto.

If you study market psychology and technical analysis used correctly, that will help with crypto.

PBC is lame tho. Seems like a good way to trade a coin once week tho. However most of his picks are pretty obvious. Today he said “we are upgrading Stellar to a buy.” Oh jeez. Nice call. Basically he’s hedging his pick as Ripple as “next huge coin.” But after Stellar went way up. When Stellar spiked he only called it a “short term” play and lauded how well he did. However he missed the value in Stellar so really he was going off market buzz. Same with EOS. Had he called EOS at $.45 $.75 $1.00 I’d give him credit. He said “buy it short term” at around $2.00. You just have to realize his audience is baby boomers with money who want to make crypto plays and not think. It’s probably good for that. Very good.

Well I used the ACTEX Actuarial guides (actexmadriver.com/erratastudymanuals.aspx).
First the one for Exam FM: Financial Mathematics. Use the most recent copy if you want but they changed the test this year to remove a HUGE amount of content from Exam FM (and move it into Exam MFE), so I seriously recommended getting an older edition like December 2014.

It's not like the material has changed at all and December 2014 will be good and that's the book with the options strategies and all kinds of financial mathematics.

Next step up is the Exam MFE: Models for Financial Economics guide. This one goes into more depth and builds on Exam FM, including Black-Scholes. This book is way more fun and interesting and way more applicable if you want to trade and see how the big firms trade.

Those 2 books taught me my foundation for finance and then I used the internet and other books Veeky Forums could probably recommend from a bookstore.

Not to say that isn’t great short - but TA all over the internet had EOS pegged much earlier.. much