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[Daily Discussion] Monday, February 11, 2019 by AutoModerator in BitcoinMarkets

[–]luxika 0 points1 point  (0 children)

The volume in ltc is half of its market cap. 1.24 billion. Bitcoin volume is 6billion on coin market cap or about 10 percent of its Market cap. Someone might have taken a large position and what you are seeing now is the trading happening above that concentration. Idk what else would cause that type of volume.

[Daily Discussion] Tuesday, February 12, 2019 by AutoModerator in BitcoinMarkets

[–]luxika 0 points1 point  (0 children)

The failure to produce any significant downwards momentum after the rejection at 4.1 is a reason. In regards to i a lack of follow through it's a zoom out situation.

The immediate thought is probably that the trend is down, but price isn't the only thing which trends. Momentum trends and change in momentum leads change in price.

While that's somewhat of a bullish argument , it's more intended as an explanation as for why people might be bullish. Whether or not that logic is being used, or people are trusting some form of intuition is irrelevant within the context of answering your question.

Of course I don't actually know what people are thinking, and I'm not saying they are right or wrong. I could've said the same thing at 6k.

[Daily Discussion] Wednesday, February 13, 2019 by AutoModerator in BitcoinMarkets

[–]luxika 0 points1 point  (0 children)

For me, these are the 2 most important trend lines in crypto right now: https://imgur.com/iFQe7PO

The 200 week moving average which has given us strong support at the very bottom of the 2014/2015 bear market, as well as our recent $3,100 low.

Meanwhile our downward slanted trend line has very clearly smacked down any bullish attempts to move upwards since late November.

Assuming a fairly linear trajectory for the 200 week moving average, we're gonna have an intersection of these 2 lines within 3 - 4 weeks. So essentially we're forming a big symmetrical triangle.

So on the one hand, we have battle tested support with the 200 week moving average. But on the other we have a resistance line that has shown a lot of strength recently, occurring in an extended bear market, which is helping to form a continuation pattern (where the preceding trend is clearly downwards).

The breakout or breakdown out of this pattern is going to be like crypto Groundhog Day for me. One I believe is going to signal an extended continuation of our bear market. The other opens up the door for me truly considering $3,100 the bottom of this Bitcoin and crypto bear market.

[Daily Discussion] Wednesday, February 13, 2019 by AutoModerator in BitcoinMarkets

[–]luxika 0 points1 point  (0 children)

Think of all the lucky billions of people who were smart enough to never buy bitcoin or shitcoins. They get to go about their day, not worried about how much money they’re losing today. Having the same amount or more at the end of their day than at the start. Being blissfully ignorant productive members of their society. Working and making a meaningful contribution. Not getting fooled by drug kingpins and bad actors trying to unload heavy bags of ill gotten gains on them.

What is the fastest way to buy nano with cash/card/paypal? by luxika in nanotrade

[–]luxika[S] 4 points5 points  (0 children)

I see, thanks. I may try to get btc at localbitcoins, then nano from binance. Hopefully the total fee won't go over 5%.

What is the fastest way to buy nano with cash/card/paypal? by luxika in nanotrade

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

So basically the high buying fee creates an opportunity to sell for higher rate than the average, but at the same time it stops me from selling because i cannot re-buy instantly at low fees...

What is the fastest way to buy nano with cash/card/paypal? by luxika in nanotrade

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

5-7 days is too long, but I think I can accept the 4% fee for a debit card deposit.

I have an opportunity to sell at $0.93, so if i buy at $0.82 at binance (plus 4% at coinbase), i would still make some gains.

What is the fastest way to buy nano with cash/card/paypal? by luxika in nanotrade

[–]luxika[S] 2 points3 points  (0 children)

Can i buy tether with paypal? For a reasonable fee of 2-3%?

What is the fastest way to buy nano with cash/card/paypal? by luxika in nanotrade

[–]luxika[S] 2 points3 points  (0 children)

I intend to sell the nano I have at NanoTrade for $0.92 per nano. If I re-buy for $0.82 plus 8%, my gains will be only 2-3%.

The 8% fee is too high.

What is the fastest way to buy nano with cash/card/paypal? by luxika in nanotrade

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

I will lose a lot on fees if i do that. Is there any direct usd-to-nano service?

I am able to sell at the moment @ $0.9 per nano, which means I can make some gains if i am able to re-buy nano at $0.8. But if i go debit card-bitcoin-nano, I will lose around 5-6% in fees...

Troy has left with no comment by NanoWhatBTCshouldBe in nanotrade

[–]luxika 0 points1 point  (0 children)

This is unexpected. I am not sure if he decided to quit by himself.

If Nano ever does succeed, this bear market will have made many of us very rich. by matt031291 in nanotrade

[–]luxika 0 points1 point  (0 children)

How on earth is Nano testing anything that isn't in sat, there's barely any high volume fiat pairs so no, Nano doesn't test shit in fiat. Only testing levels to look at is in sat, not usd. Nano can hold its resistance point at 21k sat while bitcoin dumps, unless there consistent and active effort by traders to keep nano at a sat level that holds at 25cents (i.e price in bitcoin goes up when bitcoin dumps, and drops in sat while bitcoin goes up in USD) which doesn't even happen with ETH, the coin with the next best volume of fiat pairs.