RBelong2Us
Member
With prices at 2700 right now, it seems the fluctuation earlier was in anticipation and the news just surfacing as official isn't going to change much now
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Cryptocurrency |OT| Nothing from Money
- Thread starter Brandson
- Start date
We'll see. I don't ever recall a run like that in crypto that didn't violently correct within a few days. A week, tops. The correction so far was pretty mild.
RBelong2Us
Member
Ah sorry I mean I don't think we will see it hit 3k now (at least not until another pretty significant crash)
I'm ready to jump in this weekend lol
I'm ready to jump in this weekend lol
DonMigs85
Member
So I have this app, Abra, that has no withdrawal limit but you can only deposit a max of USD 5000 a month if I remember right. What's the best way to transfer very large amounts of fiat/USD converted from BTC to your bank account? Is there an exchange that can transfer to Paypal maybe?
This in preparation for the future, in case I hit it big (wishful thinking, lol)
EDIT: I see that Bittrex can do wire transfers, but does that work if you reside outside of the USA?
This in preparation for the future, in case I hit it big (wishful thinking, lol)
EDIT: I see that Bittrex can do wire transfers, but does that work if you reside outside of the USA?
walking fiend
Member
You need to find a local exchange; transfer BTC from whatever platform you use to your local exchange and cash it out there. You obviously don't want to do the transfer when the market is turbulent
CaptainZombie
Member
I'm surprised that Eth has somewhat stabilized today and has been trading for the most part between $225-230 with a few dips in the $216 range when BTC kept rising.
DonMigs85
Member
Yeah, we have a site here in the Philippines, coins.ph, founded by a couple Silicon Valley guys back in late 2014. They allow a max of 400K pesos a day, which is about $7800+. So if you wanted to buy a house or car or something, it would take days of withdrawals, lol.
walking fiend
Member
Well, if you have made that much, I suggest you book a ticket to Switzerland or Canada or somewhere and open a bank account there before buying your house or car lol
I have given up on trying to understand the market; just looking at the chart and trading; I needed to throw out all of my expectations of how market is going to react to make sound decisions
Aztechnology
Member
Damnit, waiting for a new drivers license, so I can't trade on GDAX currently. Card has a hole punch in it, so it fails to verify. They don't accept Passports.
NiiloPielinen
Member
Really? They did accept my passport. Though I'm in EU so maybe that is different. They required two different identification documents from me though, I used one to open Coinbase account, then when trying to use GDAX, they required another so I had to apply for a new passport.
As to bank transfers, I'm able to do SEPA transfer from my bank account to Coinbase's account in EU country and it shows in there in a day or two. (Then I can transfer it to GDAX for free). And they should be able to do SEPA transfer to my account as well should I want to withdraw.
Aztechnology
Member
Yea, in the U.S it doesn't have proof of residency for your state. So you need a State Drivers License.
What with people without drivers license? There surely are 1 or 2 (or dozens?) without it.
Aztechnology
Member
Aztechnology
Member
For once I pulled out at the days peak in time 
Ah, my brain assumed in his weak state that passport = ID, so i was wondering.
NiiloPielinen
Member
LTC did drop about 30% from its high this month
walking fiend
Member
YAY! Half of the funds I had provided had been unlocked; gonna just let it sit there for a few more days, maybe until after August 1st. I had opened a short order at 2821 last night, made a little closing it this morning. Seems a sideway consolidation is going on, bringing moving averages close to the current price. Wonder what will happen after that
Awesome! Seems like a lot of slow accumulation going on for ETH in the 224-230 range. Impossible to call the next movement. I assume Bitcoin will drop at some point, probably on the weekend. Very hard to say how that would affect ETH. Maybe ETH will stay roughly the same? I don't know why I find a stable ETH price so unnerving.
CaptainZombie
Member
I am shocked that the Eth price has been in the $220-230 range for almost 24 hours now, so odd. Could this be a possible new support for it if it continues?
220 could be a support, but it would not surprise me at all to see it test both 210 and 239 again over the weekend, or even today. I no longer think it's going to do something crazy like dropping to 180 without warning.
walking fiend
Member
I just shorted BTC @ 2720 again, a bit risky given how turbulent the market is, but I expect a large downward move
walking fiend
Member
This is why I am not a good trader, I freak out too easily, whenever it is moving aligned with my expectations I fear of bounce backs and close my position too hastily, and whenever it is moving against my expectation I fear for the worst and close it just before a recovery. Wish hadn't closed my short @2820 My nerves are too frail for trading lol
My nerves are too frail for trading lolThis is why I am not a good trader, I freak out too easily, whenever it is moving aligned with my expectations I fear of bounce backs and close my position too hastily, and whenever it is moving against my expectation I fear for the worst and close it just before a recovery. Wish hadn't closed my short @2820
I feel you. My trades are only successful if I stick to the plan I set out in advance. If I chicken out halfway through, I always end up regretting it. It is really so hard to stand firm though, seeing the market go in the other direction.
ETH starting to show oversold on the 1H for me by the way. Could bounce in the next couple of hours.
walking fiend
Member
I guess that is the story of life; I am generally not good with sticking to anything... and I think for the same reason that I am not good at sticking to trading ideas: I can't decide what kind of profit I can expect and what I really want from the trade, I just ride along
Oh, I hadn't noticed that, been focusing on BTC! I just wonder if it is oversold or if it will start a downward move... you know, I haven't given up on my bearish market yet haha
Edit: Damn these margin trading fees; I'm actually down $350 since last week although I really didn't do any trading, they just eat through if your frequency is even a little bit high
Margin trading you're at risk of being called or a stop being triggered prematurely. If you're trading with a stack, you can hold it indefinitely. We've discussed this before, but ETH swings so much, that if you are patient enough, it will eventually come back around. You will have missed other opportunities in the meantime, but if you want to make your trade successful, you almost always can by just waiting it out.
Someone really doesn't want ETH to break 230 though. 7k sell wall on GDAX will make it difficult unless pulled. I expect ETH to try to break upwards sometime today or overnight. I'm viewing the current downward movement as a way of gathering steam, but I could be way off.
CaptainZombie
Member
Eth is in this weird position since yesterday, guess which is not bad that its trying to break $230. Let's pool all of our funds together to break that 7K sell wall......LOL!
I'm tempted to get more ANS today, but I think that by Sunday we may see some red with the cryptoworld to get stuff cheaper.
What was the web site where you can see the BIP91 percentage as it progresses?
CaptainZombie
Member
Thanks!
walking fiend
Member
Hm... The supports are being tested
Yeah, but a major onslaught will be needed to fill the buy walls on Bitfinex. I've determined that I need multiple exchange views up at once in different tabs to get an accurate picture. Several large buy walls were already filled earlier in the day at higher sell prices there. Not sure that the market currently has an appetite for dumping so much more ETH at 215 or 210 today, when there is really no reason to, and especially if it's likely to return to 220 fairly quickly afterwards. All the buy walls letting themselves be filled completely is also encouraging. It helps legitimize these price levels for ETH at least, if not a bullish signal in itself.
walking fiend
Member
I have given up on trying to figure out; the chart seemed it was about to break a support. What they do is that start moving the wall down once the price starts to fall; so it doesn't really get eaten until the market hits a low
CaptainZombie
Member
That is awesome for Stratis, I regret selling mine off a few weeks ago.
I just added some more ANS and bought into BAT this evening.
DonMigs85
Member
Was wondering about BAT as well since the Mozilla guy is behind it. Unsure about its long-term prospects though
In your opinion what do you see taking off? I have a bit of LTC too that I could liquidate for some other alts that have more potential.
Probably not a good time to buy then? How high could Stratis go?
It was 11$ some weeks ago.
I don't really know. There is no sure shot so be careful with your money. Only use money you can afford to loose.
I just read up and choose the coins with promising/useable underlying tech which could be more valuable in 2-3 years. tk0n recommend https://dontpanicsell.com/ a couple a pages ago. It just describes the different coins and the stuff behind it. Good read.
Antshares/Neo has the China market backing, Golem(GNT) is interesting because of the graphics rendering tech. Siacoin has good showing of the devs/roadmap, the storage tech already working and is still dirt cheap. Have also some XEM because i liked what i read.
Overall i have like 1000 in the altcoins. Lost money on ETH since i bought in high but i don't any ETH anymore. Best advice is really to read up and form our own opinion. Without hype/shills who push their coins everywhere.Can't say anything to daytrading but you can see from the last pages, which members are experts in this craziness.
Stratis has the MS/Azure partnership and good tech so i have some of it but you missed a good opportunity since it went down to 2.50 $ last week (two weeks ago).
ETH has now had 3 days of green MACD on the 1D charts, each increasing over the last, which it hasn't had since its major bull runs. Its ratio, under 0.08, is highly depressed against BTC and it handled yesterday's drop well. BTC is headed to an all time high. I think this may be a time to hold ETH again. A return to $300 levels is looking increasingly achievable to me.
TheLostBigBoss
Banned
Can't be arsed to deal with the insanity of day trading ETH. Just set up a coinbase account, gonna go through and buy some BTC(fractions of BTC) and put that in Siacoin, and basically wait it out for the next few months/year and see where I end up.
CaptainZombie
Member
I think Stratis at $6-7 is a good deal. The project looks fantastic and I think it will take off once they get more projects rolling. I think it will drop one more time in the $4-5 range, but even at the current price if you are going to HODL for long term is not bad. Imagine in a year if this coin is at $75, then you think back I could have bought at $7 and I thought it was too much at that time.
I do regret selling my Stratis, but I dumped what I had from it to ANS and have just kept accumulating.
If we do see a $4-5 or even $6 drop on Stratis I am going to jump back in.
I have this feeling we will be breaking out soon with Eth to the $270-300 range. It has been in this weird spot sitting between $220-$227 and not dropping much lower the last 3 days.
walking fiend
Member
I'd be very careful with your long positions; always have some stop orders ready just in case (I cash out at 10% loss)... BTC has been trying a few times to break its ATH, and has failed; it might just be making a new support and might shoot to new territories once it breaks it, but it could be a resistance at which people are cashing out, preparing to buy back in at new lows.
edit:
This is how Mt. Gox went bankrupt in 3 weeks:
edit:
This is how Mt. Gox went bankrupt in 3 weeks:
Aztechnology
Member
Pretty frustrating to have to wait in my new Drivers License to do Gdax. Nice to see my ANS make a big jump, unfortunately I only had about 50 in ANS at the time. I need to set aside more money for trading. I have just been playing with small amounts to learn what I can and see what kind of margins I'm getting.
Aztechnology
Member
Hopefully you guys took profits on ANS, taking a somewhat substantial downturn right now. May end up a good opportunity to pick up more depending on the drop.
Edit: May have been short-lived.
Edit: May have been short-lived.
CaptainZombie
Member
It appears to have a fairly solid team behind the project, I think it is one of those long term coins where if you can place $200-300 on and just keep an eye on it here and there, it could gain you quite a bit of money. Granted we can say this about any coin.