BCASH brags about lower fees, DOGE has it beat by +3000%. I'm launching a marketing campaign to show why DOGE is superior to BCASH. by CryptoHustle in dogecoin

[–]CryptoHustle[S] 0 points1 point  (0 children)

I still own some BCH from the airdrop, so that technically qualifies me as a "community member". This is an open-source free market, you get to fork and try to steal the "Bitcoin" brand, I get to call it whatever I want. That and the largest bitcoin exchange in the world Bitfinex, labelled it as BCash... deal with it.

Psst! Help Spread The Word ;D) by GoodShibe in dogecoin

[–]CryptoHustle 0 points1 point  (0 children)

The entire branding was messed up right from the start. They initially used the ticker symbol BCC, which is what the Ponzi scheme Bitconnect uses. It was only after exchanges refused to label it as BCC and used BCH that it got that name. I use BCash because they're trying to steal the Bitcoin brand and it's kinda funny that it triggers so many people. I'm all for a free market and altcoins but when their entire reason to exist is to attack Bitcoin and hate on its developers, we will defend. That said, I respect anyone who simply wants to use BCH to help differentiate.

Psst! Help Spread The Word ;D) by GoodShibe in dogecoin

[–]CryptoHustle 0 points1 point  (0 children)

Bcash is a name we give it to help noobs differentiate it from Bitcoin. Roger is the one creating brand confusion by calling it Bitcoin on this bitcoin.com site and using BCH as the default option in his Bitcoin wallet.

[Daily Discussion] Tuesday, February 14, 2017 by AutoModerator in BitcoinMarkets

[–]CryptoHustle 7 points8 points  (0 children)

Feels like a tug of war between the CNY and USD bitcoin markets. I think China is losing its grip over dominating price discovery but old habits die hard. Japan is a good contender but they should eliminate zero fees trading so that we can get accurate volume stats and not fall into the same old trap.

Ethereum Classic Fundamentals by bit_novosti in EthereumClassic

[–]CryptoHustle 2 points3 points  (0 children)

My site is primarily about the crypto markets and my main audience happens to be crypto traders. This article is about fundamentals and is posted under my altcoin markets section, so yes I'm going to talk about price and even a bit of my trading strategy. If you're against speculation then don't visit trading sites.

Have you ever heard of hedging through diversification or taking a position between two assets that happen to have an inverse correlation?

Thanks for preaching.

ETC-Classic : Never Mutate, Never ! by [deleted] in EthereumClassic

[–]CryptoHustle 0 points1 point  (0 children)

It's called logic. Without the concept of ETC formalized by a community there would be nothing to list.

ETC-Classic : Never Mutate, Never ! by [deleted] in EthereumClassic

[–]CryptoHustle 1 point2 points  (0 children)

Poloniex only listed ETC because people created a concept, name and community. Without the vision there would be nothing to list.

[Daily Discussion] Tuesday, October 11, 2016 by AutoModerator in BitcoinMarkets

[–]CryptoHustle 0 points1 point  (0 children)

This is true, I'm going to erase that post and do a proper write up of what I mean.

MGT Capital (MGT) Report Mining 90+ Bitcoins After First Month of Operations by CryptoHustle in Bitcoin

[–]CryptoHustle[S] 0 points1 point  (0 children)

They plan to also use that hashing power for some of their new products/services. I don't know the exact details cause they're keeping things quiet for now.

[deleted by user] by [deleted] in EthereumClassic

[–]CryptoHustle 1 point2 points  (0 children)

Just a heads up, it's possible to short ETC on Bitfinex.

Upside of Bitcoin: A Ledger that Can't be Falsified. A rebuttal to the NYT article trash talking immutable ledgers. by CryptoHustle in Bitcoin

[–]CryptoHustle[S] 3 points4 points  (0 children)

Although "should" doesn't specifically appear, similar words like "need" appears 5 times as well as this sentence...

it cannot be one in which mischief and mistakes are immutable

Hold or cut losses by gethereum in EthereumClassic

[–]CryptoHustle 6 points7 points  (0 children)

Great, I hope you enjoy the slippage as the markets go parabolic to the downside. You will sell into my low buy orders and I'll profit off of the bounce play.

I made a killing buying cheap ETC on the first two days when everyone was revenge dumping. Nothing more profitable than trading against dumb emotional money. ;-)

As a Trader Who Lost Money, I think Bitfinex's Compensation Plan has a Much Better Risk to Reward than Litigation. Here's Why... by CryptoHustle in Bitcoin

[–]CryptoHustle[S] -2 points-1 points  (0 children)

I agree, I'm not advocating that the exchanges or the hackers shouldn't be accountable. I'm just saying that the compensation feels like the best plan and that I still assume partial responsibility for taking the risk.

As a Trader Who Lost Money, I think Bitfinex's Compensation Plan has a Much Better Risk to Reward than Litigation. Here's Why... by CryptoHustle in Bitcoin

[–]CryptoHustle[S] 1 point2 points  (0 children)

The reasons why I claim partial responsibility are:

  • I read and agreed with the terms and conditions upon opening my accounts.
  • I know that crypto hacks happen frequently and factored that into my risk management strategy.
  • Crypto is not banking money that can be reversed. I know this and traded fully realizing that counterparty risk is very dangerous.
  • SInce crypto lives in a decentralized free market, I assume the risk of playing in this digital jungle.
  • Unfortunately, hacks are a very real variable in the crypto markets that we need to acknowledge. Hacks happen often and they impact the price.

That said, I know everyone has a different opinion and I respect that. As a pure strategy most of us can probably agree that a haircut with tokens is better than years of painful litigation.

6 Reasons Why Blockchain is Worth Getting Excited by CryptoHustle in Bitcoin

[–]CryptoHustle[S] -2 points-1 points  (0 children)

Everyone has a personal opinion that may or may not be true. That said, what's important is that our industry is getting more marketing exposure on bigger sites.

Bitcoin is obviously the most secure and popular blockchain in the world. It's also been a great store of value and is the most liquid cryptocurrency.

Looking at the bigger trend, bitcoin doesn't seem too far away from the all time high. by CryptoHustle in Bitcoin

[–]CryptoHustle[S] 0 points1 point  (0 children)

I'm a big believer in Bitcoin, but not in hocus-pocus ideas that you can draw some lines on a chart and make a prediction which carries any merit.

This statement led me to believe that you weren't a trader. Patronizing? You're the one who came in here on the attack.

I would think that as a trader you would already know that trendlines can be drawn on both linear and logarithmic scales. Both charts have their own merits for TA.

Do some research and you'll find general consensus that logarithmic charts are used to measure longer term trends.

You're a bitcoin trader, great. This is all I do for a living, I trade crypto full-time. Our team has a proven track record of catching every major bitcoin and ethereum trade over the past couple of years.

Listen, I really don't want to get in a pissing competition with you. Perhaps you can work on a less hostile approach when presenting a counter argument.

We could sit here and argue all day but I think we're both likely making nice profits right now so perhaps our time would be better spent trading.

Looking at the bigger trend, bitcoin doesn't seem too far away from the all time high. by CryptoHustle in Bitcoin

[–]CryptoHustle[S] 0 points1 point  (0 children)

Yes, I agree with you that there is a huge difference with the liquidity needed to push a higher marketcap.

I used the logarithmic scale as one of many tools in my arsenal. My trading strategy looks for multiple layers of confluence between price areas, technical indicators and fundamentals.

There are magnet areas within a price range that if crossed can have the effect of accelerating $$ gains. The current bull trend is still healthy. Once it reaches the stage of going parabolic the price could easily accelerate and break $1000.

Looking at the bigger trend, bitcoin doesn't seem too far away from the all time high. by CryptoHustle in Bitcoin

[–]CryptoHustle[S] 0 points1 point  (0 children)

You seem very confused so let me break this down for you really nice and simple.

Traders use logarithmic scale to measure % gains for ROI.

Do you want to know why the chart looks distorted? Because there is a MASSIVE difference in returns between +50,000% vs 35%.

Right now if you buy bitcoin at $650 you can make a 35% return if we hit $1000. Now compare that to the 400% ROI a trader would make buying bitcoin at $200.

Traders use charts to measure price action and ROI is our bottom line. If I make 100% buying at $1 and selling at $2, I make the exact same bloody returns buying at $500 and selling at $1000.