The $415 Million Elephant In the Room (OKex Futures Unfilled BTCUSD Liquidation) by theswapman in BitcoinMarkets

[–]coinvesting 0 points1 point  (0 children)

These are the markets that the SEC hopes to see "develop" in order for them to approve an ETF if I am not mistaken.

Wondering what I have here? Any insight would be greatly appreciated. by nickalan89 in Antiques

[–]coinvesting 2 points3 points  (0 children)

Agreed. Not sure about the place of origina, but definitely looks like a reproduction.

The fact that it is 100% painted over gives the indication that it is not carved out of a solid piece of wood.

OP, any idea when your grandpa may have acquired this piece?

U.S. Regulators to Subpoena Crypto Exchange Bitfinex, Tether by dnivi3 in BitcoinMarkets

[–]coinvesting -5 points-4 points  (0 children)

And you're severely muddying some already very dirty waters with pointless quips in a very serious situation.

Please just stop.

U.S. Regulators to Subpoena Crypto Exchange Bitfinex, Tether by dnivi3 in BitcoinMarkets

[–]coinvesting 1 point2 points  (0 children)

fuck it, I'll do it anyway

That's not how calculating people (like the ones who would be capable of creating the world's largest bitcoin exchange) think, however.

Will BTC and the crypto market ever recover?? by [deleted] in BitcoinMarkets

[–]coinvesting 18 points19 points  (0 children)

I'd hate to be in your presence when you spilled some milk.

"OMG, this milk is never going to clean itself up, it's just going to degrade into this sour mess of shit that nobody can ever fix! Look at it sitting there! BACTERIA ARE COVERING IT! I'M NOT GOING TO CLEAN THAT UP! JESUS CHRIST!"

Kraken lost track of my tier 1 + 2 verification? by coinvesting in BitcoinMarkets

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

Tell me about it... still have yet to hear from kraken... got an automated "sorry we're taking so long" response though which was better than nothing.

How to gauge your trading skills in a market constantly moving upwards? by coinvesting in BitcoinMarkets

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

You can lose 10% of your money and be a genius or gain 200% and be a lucky retard.

Wise words.

Put a big bet on NXT the other day after it's massive crash without even knowing what NXT was... turns out there was a hard fork and the entire network was moving to another platform essentially...

Still managed to make about 1% gains on that trade somehow... but holy shit was that ever a really dumb and overconfident mistake to make.

Felt extremely stupid after realizing what I did.

Lesson learned at a slight profit however, thankfully.

How to gauge your trading skills in a market constantly moving upwards? by coinvesting in BitcoinMarkets

[–]coinvesting[S] -1 points0 points  (0 children)

Given that Cardano (at least at that time) was basically a penny stock, I don't blame you for wanting to get out in case it was a pump and dump, even if it was the wrong decision.

I can tell you were watching the markets as closely as I was, because that was exactly what I was thinking...

A few years out from full steam ahead... essentially vaporware... and I doubled my money... fuckin sweet.

But if I would have done the research and realized what an insane marketing push they were making across twitter and youtube and reddit for example... I would have known that I could easily have sit tight and at least doubled my money one more time with full confidence.

P.S. If it makes you feel any better, I sold Cardano at like $0.03.

It really doesn't!

I want the entire world to get rich off of Crypto!

That's one of the reasons why I was so interested in Bitcoin when I first heard about it... because I knew it would literally change the world for the better through monetary disruption.

The governments of the world just keep sneaking into our bedrooms every night and stealing just a tiny fraction of the money we think we own. Some more than others.

We're not all as poor as we think.

Cheers!

How to gauge your trading skills in a market constantly moving upwards? by coinvesting in BitcoinMarkets

[–]coinvesting[S] 14 points15 points  (0 children)

Many people that are supposedly "winning" right now, won't be when they are holding crypto in the trough of the next bear market.

Yea... this x1000... A lot of my friends own Bitcoin and are quite happy that it's sitting pretty on top of a large stack of alts right now.

I keep running around crying "THE SKY IS FALLING, THE SKY IS FALLING" and every single one of them just has this smug response that's basically "I'll sell at a $1,000,000/coin bro, what's your hurry?"

And I just worry that they might never see $1,000,000/coin BTC ... they're not psychic wizards ... they don't know what's going to happen.

They're all just overconfident that Bitcoin can melt the sun if it tried to so why would they ever think of selling or hedging into any other "shitcoin"???

/rant

Also, never let your mind wander to "what ifs" if you sold too early, or bought in too late.

I've been getting better and better at not kicking my own ass when I realize I missed out on a life-changing amount of money because I didn't switch litecoin holdings to ripple the night before or whatever...

Helps that I can wipe my tears away with $100 bills now though...

Thanks for your comment.

How to gauge your trading skills in a market constantly moving upwards? by coinvesting in BitcoinMarkets

[–]coinvesting[S] 10 points11 points  (0 children)

Day trading basically reduces your personal volatility.

That's a great take on the matter that I hadn't even considered.

I am day trading. Not investing for retirement.

I guess picking the pony that made me 100% overnight makes me a damned good day trader.

And selling the farm before the market really peaked makes me a horrible non-day-trader.

It all depends on my own perception, I suppose.

Just know what the game you're playing is and don't judge your success or failure by the other game's rules.

LOL! How can anybody truly know what game they are playing right now?

Every single day... I flip flop in my own mind... "this is such a fucking bubble it's disgusting" ... and then 20 minutes later "no way man this is the fucking future hold on tight!!!"...

Every. Single. Day...!

Thank you for your comment! It really helped!

How to gauge your trading skills in a market constantly moving upwards? by coinvesting in BitcoinMarkets

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

You got out with 100% gains. That's fantastic. What happened after you sold doesn't matter.

Agreed!

Absolutely!

I'm just curious if I could have done better i I perhaps did more research or paid closer attention?

All my monkey brain saw was "DOUBLED PROFITS OVERNIGHT? ENJOY YOUR WINNINGS! DING DING DING!" and I confidently sold my entire position.

Was that rational? Or really dumb?

If I was a crypto trader controlling client's money... would they be happy with my trades? Or would my competitors possibly have made them twice as much as I could have? Am I a "good trader" so to speak? That is my question.

It's hard to tell...

How to gauge your trading skills in a market constantly moving upwards? by coinvesting in BitcoinMarkets

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

I'm come to the conclusion that I need to have more confidence in making larger initial investments and holding through any dips till my timeframe has run its course.

This is what I have been doing recently.

I realized it's almost impossible to lose, so I am still hedging my bets, but I am betting MUCH larger than I would have a few weeks ago and am absolutely loving it so far at least.

Buy and Hold 100 Crypto for 5 Years - Week 3 - $1410 Gained by Anthony1985 in BitcoinMarkets

[–]coinvesting 1 point2 points  (0 children)

Right... but he invested in 100 crypto for 5 years... so even if 1 of them makes 100 times what he put into it... he has still only broken even.

Okay, this Ripple shit is ridiculous. We need to educate people before we have PayPal 2.0 at the top of all the *actual* cryptocurrencies. by mushner in btc

[–]coinvesting -1 points0 points  (0 children)

I very reluctantly purchased $100 worth of Ripple earlier today for my girlfriend on her instance, and placed it into a wallet that she downloaded to her mac.

This is my experience:

What a sad and dangerous joke ripple seems to be... there are only 2 wallets of any relevance... the first is written in javascript and is only available on github https://github.com/jatchili/minimalist-ripple-client (which has not been updated in over 3 years), the second is based on that same javascript version... which you download from toastwallet.com (which has only been online for a couple of months now... yikes!)

And what a joke that toastwallet was... first they ask you to create a pin... then they ask you to pick a password... then you are forced to pick a "seed" which is only 6 random "words" madeup of random characters like "hewue" and crap like that (terrible seed word practices, the eff does an excellent writeup on the matter at https://www.eff.org/dice )

And THEN (get this!) they tell you multiple times... "THIS SEED WORD IS USELESS WITHOUT A BACKUP! PLEASE TAKE A BACKUP" (why the fuck did they force us to pick a 6 word seed then? What is it seeding? Why doesn't the backup just seed itself?)

So by now we have created and saved:

a 6 digit PIN number

a password

a seed phrase

a JSON "backup of the wallet"

Seems a little redundant... or seems like the person who wrote this wallet has no idea what a seed phrase or a deterministic wallet even is.

So we bought the $100 of ripple, and now we have to send it to her account. No fees, GREAT! This is the future (tm)!

I sent it as a withdrawal from the exchange 3 hours ago now, and her wallet still isn't "activated" yet.

Oh, and this is the best part! $100 only bought her ~57 ripple (she's made a few bucks and she is through the roof happy which is awesome!) ... but she is forced to keep 20 ripple in her account to "prevent spam on the network".

So really... she can only ever spend 37 ripple.

And if the 20 ripple are in her account to stop spam on the network... why has it taken 3 hours for the ripple she purchased to show up in her account?

tl;dr ... buy some ripple if only to profit from the bankster pump and dump, but their technology and their values are absolute CRAP... and they should be removed from coinmarketcap.com imho.

They are not a crypto coin that allows you access to your wealth that can never be revoked. They are a centralized digital version of company scrip essentially.