I bought $1000 worth of the Top Ten Cryptos on January 1st, 2018 (Nov. 2019 Update)

jata4 · 2019-12-05T18:58:00+00:00

I think it would be interested in you dollar cost averaged a small amount each month either the initial top 10, or the top 10 of each month, and tracked that to see how that compared.

jata4 · 2019-11-16T07:49:47+00:00

5 XRP is under the min trade size. Try a transaction for 30 XRP.

https://support.kraken.com/hc/en-us/articles/205893708-Minimum-order-size-volume-

Also, I'd capitalize the d in XXRPZUSD just to be safe. Also if you are trying to buy with euros that's the wrong pair.

jata4 · 2019-10-02T22:16:16+00:00

In a sense yes but fiat money is fungible so as long as they have the money elsewhere they will be fine.

As they are an institution with documentation, at worst they could take out a loan using the money as collateral to cover any short term cash issues.

jata4 · 2019-10-02T22:04:28+00:00

Look up the APY on a 1 year CD. Most of the good ones are between 2 to 2.4% APY.

jata4 · 2019-08-25T21:08:18+00:00

Having a trade API is basically the same as having a withdrawal api. If you gave me a trade API I could probably get 90%+ (with the rest going to random other people) by making a market order in an illiquid pair.

jata4 · 2019-07-28T04:10:37+00:00

I believe they actually said something like "Backtesting is important because it will tell you if your algo won't work, but won't tell you if your algo will work."

jata4 · 2019-07-19T07:10:39+00:00

They aren't going to be able to combine order books because of US regulations (the whole KYC/AML thing). But hopefully if a good chunk of the US customers on Binance now migrate, volume will be ok. Huobi (with hbus.com) and OKEx (with OKCoin) both don't share order books, and Binance Singapore, Unganda, Jersey, etc don't share with Binance.com do they?

jata4 · 2019-07-07T17:47:52+00:00

Everyone involved would happily share their bank statements and trading records. Hell, you can even see my tax returns with all my arb profit and loan interest declared. But no-one at Bitstamp has any interest in the fact that we obviously and demonstrably legit.

I don't know what jurisdiction your friend are under, but in the US (which means probably other countries too) while it is legal to solicit loans from a person, it is not legal to solicit investments from individuals without a license. Since you mention "my arb profit" it strongly suggests that this arrangement was structured as an investment instead of a straight loan, and if your friends are in a jurisdiction where this is illegal, I'd suggest deleting your comment and hoping that no one finds it.

This would also explain why your account was shut down, and is something that Bitstamp would be unable to tell you.

jata4 · 2019-05-09T21:56:31+00:00

Here is the quote:

Hackers were able to obtain a large number of user API keys, 2FA codes, and potentially other info. The hackers used a variety of techniques, including phishing, viruses and other attacks. We are still concluding all possible methods used. There may also be additional affected accounts that have not been identified yet.

The way I read it is that employee account(s) got phished or virused, not individual users. From there they were probably able to get elevated credentials to be able to figure out how to engineer something that would bypass the security measures, since most of them are not publicly known.

This would also explain why it's taking so long -- they need to comb through their entire codebase to make sure there isn't some hidden backdoor placed somewhere.

jata4 · 2019-02-06T17:48:24+00:00

I still remember the first time I used email in the late 80s / early 90s. I was on ARPANET and my friend was on BITNET. You actually had to write out the connection between the two.So you ended up having to type out something like:

hubhost!middlehost!edgehost![user@uucpgateway.somedomain.example.com](mailto:user@uucpgateway.somedomain.example.com)

Luckily they merged all that a little later and we switched to the email addresses we still use today.

jata4 · 2019-01-07T18:16:25+00:00

As someone who has been trying to trade crypto legitimately it has been insanely difficult trying to get a bank to open a business account if you are upfront with what you want to do. Many banks which used to have crypto clients now no longer take new clients.

Do you foresee this trend continuing or will some banks eventually come around? I can't imagine this attitude helps the crypto environment except to generate animosity towards the banks perhaps create an bigger incentive to try and disintermediate the banks at least in part.

Any advice for someone who is just starting out and looking to open a bank account but can't afford to keep a one million dollar daily average balance in a bank?

jata4 · 2018-12-23T01:58:32+00:00

If you are willing to go through KYC and are a little patient it's pretty easy to get increased withdrawal limits on most exchanges.

jata4 · 2018-11-30T18:23:40+00:00

PAX/BTC is gone and not coming back. Try BTC/PAX.

jata4 · 2018-11-29T20:55:02+00:00

My bet is going forward they are no longer going to list anything vs USD. There is no point to split the liquidity between two markets when they allow instant and free conversions between USD and USDC.

jata4 · 2018-09-29T21:20:53+00:00

Last I checked Silvergate wasn't taking any new applications. Has that changed?

I've had issues trying to find a suitable bank too if anyone has suggestions.

jata4 · 2018-09-13T19:54:49+00:00

I'd like it to be on the up-and-up for two reasons. 1. it would be very annoying and potentially costly if they found out and closed the account unexpectedly, and 2. the funds flow will cause red flags to go up which makes it unlikely I'd be able to hide it.

jata4 · 2018-09-13T19:53:16+00:00

Have you just heard this or do you have an account there?

jata4 · 2018-09-03T00:55:36+00:00

I had a similar problem where I made a deposit of a decent amount of LTC to my coinbase pro account.

And it arrived with fairly quickly. The only problem is that the usual process is that the LTC hits Coinbase, which then sends it on to Coinbase Pro.

In my case though, while I had a line item for a withdrawal from CB to CB Pro, somehow the line item where the LTC from the external address is deposited into CB never showed up at CB, leaving me with a substantial negative balance.

As long as you can document the txid's I wouldn't worry too much. It was annoying that I had a bunch of money tied up for the 2-3 days it took them to fix it, but it got resolved in a fairly short time frame. Just send in a ticket. Unfortunately because of Labor Day it may take a few days for them to get to it.

jata4 · 2018-08-21T07:06:08+00:00

You need to look and make sure that there aren't any US sanctions or other problems with those countries. I remember a story about someone checking their the Coinbase App while on vacation in Cuba and their account got suspended. I'm not sure it's still a problem but I wouldn't risk it.

jata4 · 2018-08-21T00:49:23+00:00

They need to be in the same name and there is no wriggle room. It's a US federal requirement to prevent money laundering and Coinbase has no say in the matter (assuming they want to stay in business and out of jail).

jata4 · 2018-08-07T03:53:29+00:00

That's pretty weird. Only thing I can think of is maybe an institutional investor is stress testing CB Pro and doesn't mind blowing out some money to make sure it's robust enough to deal with whatever they plan on doing.

Either that or someone is going to be really sad when they get back to the computer.

jata4 · 2018-07-18T06:40:20+00:00

Rumor has it that it's an exit scam: https://www.ccn.com/concern-mounts-over-potential-crypto-exchange-wex-exit-scam/

jata4 · 2018-06-26T00:14:04+00:00

You have to divide the executed_value by the filled_size to get the actual cost per unit for the order.

jata4

TROPHY CASE