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Cryptocurrency Traders Club - Page 23

Poll Results: How do you feel about crypto currencies in general (not any specific coin)?

 
  • 31% (20)
    This is the future of financial transactions and will replace current systems in 5-10 years!
  • 35% (23)
    It's an evolutionary step, but without regulation and standardization will likely be replaced eventually.
  • 20% (13)
    It's likely to go strong for a few years, but long-term will simply be viewed as a fad.
  • 12% (8)
    It's a ridiculous ponzi-scheme, and it could all collapse entirely any second now!
64 Total Votes  
post #221 of 319



Got myself an OK long term trade, given that I stopped caring about crypto for the past few months. Heh, notice the cringeworth BC trade where I jumped the gun to sell.

Is LTC going to ****? Should I dump it for BTC?
post #222 of 319
Thread Starter 
Quote:
Originally Posted by incog View Post




Got myself an OK long term trade, given that I stopped caring about crypto for the past few months. Heh, notice the cringeworth BC trade where I jumped the gun to sell.

Is LTC going to ****? Should I dump it for BTC?

Nothing is set in stone in cryptomarketland... but I think at this point it depends on how you feel about BTC. LTC might go down quite a bit, but BTC isn't impervious to pretty big losses either. In general however, they are very closely coupled to each other - so I would either look to hedge in something more volitile, or cash out to fiat if you're interested in locking in gains. Otherwise, just keep it balanced. I'm doing that with BC.

Speaking of BC - don't worry about that... I went to sleep despite being very worried about having so much in BC... and woke up to almost the whole thing being down... got out some, then got out more on the third leg down because I was afraid it was completely dead. doh.gif

If it weren't for the fact that I bought ~200K of it below 550 sats... I'd be sick right now... as it is I bought back in with about half my 'good sell' (above 50K) at the 29K range... but I just wrote off the 150K I dumped at 18K... it's never going back there and I simply can't bring myself to look at a balance that large again!

Although on the upside - it's 'clone' WC made me a crapload today.

Bought on Poloniex - 250K WC @ 700sat
Woke up to it being listed on Mintpal - transferred it in - and sold half of it at 1825 sats.

Free WC for the pump/dump later on (without any stress in dumping this time)... and all my initial BTC investment plus 25% profits cashed out in under 12 hours! If only every day could go that well.

Unfortunately I'll probably miss the timing on the FLT and FAC I'm holding - although I also sold FAC at 2700 yesterday and bought back the same amount at 2100 last night to sell it again today at 2800. biggrin.gif

EDIT: ....aaaaand back in again at 2150... it just tanked... hopefully not forever. smile.gif Doubled-down at 1850 - but this definitely is going to be a very short term hold I think.

EDIT2: Well, apparently the 1850 didn't fill despite the price hitting below that ?!?! Anywho... check the timestamps on these trades. biggrin.gif


Edited by DiGiCiDAL - 4/18/14 at 4:01pm
post #223 of 319
Anybody done any looking into the CaiShen coin?
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post #224 of 319
Quote:
Originally Posted by blkdoutgsxr View Post

I don't understand why people are freaking out about BC... It is still an extremely volatile coin that gets great returns if you play it correctly... It is people who are trying to be greedy who are the most disappointed, marginal gains and losses will put you FAR ahead with this coin. Buy on an uptrend, sell at a 2% gain, if the market goes against you sell at a 2% loss and try again later. Only put around 1% of your total coins at stake at a time and you will see HUGE gains over losses. I made a mistake and left my coins in BC while I made a 30 min drive and that lost me quite a bit of BTC, but if you do not hold for long periods of time you are not going to see these -60% losses everyone is complaining about. I saw a guy post that he went from having 200BTC worth of BC to 50 BTC worth; well that guy is just doing it wrong. LoL

blackcoin is the pump and dump coin of the month, like nxt had been in dec - feb. technologically it offers nothing peercoin doesn't already have (which doesn't work in the first place).

expect price stagnation and to eventually lose some money in the long term as the group mentality shifts to the next pump and dump.
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post #225 of 319
Quote:
Originally Posted by test tube View Post

blackcoin is the pump and dump coin of the month, like nxt had been in dec - feb. technologically it offers nothing peercoin doesn't already have (which doesn't work in the first place).

expect price stagnation and to eventually lose some money in the long term as the group mentality shifts to the next pump and dump.

IDK, I'm kinda expecting to see the price rise to being consistently being over 50k in the next two weeks. The more uses that BC can make for itself, the more value it will have. I'm not nearly as pessimistic about this coin as you are, I was one of the near original miners and I continue to mine blackcoinpool every day. I certainly don't see it as strictly a pump and dump coin although that has happened and will likely continue to happen as long as the whales have their hands in it, but it seems like every time it happens, BC has had a net gain in value coming out the other end and that is what I'm looking at.
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post #226 of 319
I bought some last night. got a few 2.5 and 5% gains in a row and am now holding part of the stash waiting for a bigger price fluctuation.

45k to 50k might be the next support area if it keeps up.
post #227 of 319
Guys check this out!!!

https://bitcoinwisdom.com/markets/mintpal/bcbtc

I'm happy biggrin.gif
post #228 of 319
Quote:
Originally Posted by ivanlabrie View Post

Guys check this out!!!

https://bitcoinwisdom.com/markets/mintpal/bcbtc

I'm happy biggrin.gif

Call me stupid, but what of it?
post #229 of 319
It's a proper chart for trading...
post #230 of 319
Being listed on Bitcoin Wisdom, we know for sure BC is in the big leagues now!
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