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    Lots of red again today.
    For once I managed to make something of it though...albeit not how i expected. i sold about half my coins yesterday expecting BTC to crash. It didn't and I bought back for just less than the sell price (so lost a little on fees) but everything is way cheaper this morning so about 15% up on that half. That rarely happens to me so I'm very pleased
    Your friendly neighbourhood VirtualMonkey - Not giving financial advice since...well...ever.

    Comment


      Originally posted by ronkeen View Post
      But if the BTC bull run is as strong as December, alts will wait.
      Alts gets pulled up by dollar value when BTC runs, but I ignore this for the most part, because their Satoshi value is what is important (unless a dollar pair).

      All I do is accumulate coins and completely ignore the dollar value. Everyone sees red on https://coinmarketcap.com/all/views/all/ but switch it to BTC instead of USD for a different picture.

      If a alt is oversold it stands out like a sore thumb when BTC runs. And vice versa, in a BTC bear market you see coins flow the other way. Look at Zencash last night, Satoshi value pushed up and more waiting to go in during BTC depression.

      Only managed to sell one coin last night waiting to buy back in.. but this is the game. Gather as many coins as you can. You're going to sell them at the end of this year for a high bitcoin value.
      Last edited by scooterscot; 10 January 2018, 08:49.
      "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

      Comment


        Big ass head and shoulders on Ripple. Will be interesting to see how far it falls. Get ready to buy in for the return trip back up, it'll surely bounce.

        "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

        Comment


          Had a read of this: trading bitcoin 2018

          In 2017, 50-day Simple Moving Average (SMA) acted as critical support... this level was breached only four times.
          Looks like it went below the 50MA again today ?!

          Comment


            Originally posted by Spoiler View Post
            Had a read of this: trading bitcoin 2018



            Looks like it went below the 50MA again today ?!

            It has...but it seems less important now than it used to be. Been under that limit a number of times in the last month
            Your friendly neighbourhood VirtualMonkey - Not giving financial advice since...well...ever.

            Comment


              Originally posted by scooterscot View Post
              Alts gets pulled up by dollar value when BTC runs, but I ignore this for the most part, because their Satoshi value is what is important (unless a dollar pair).

              All I do is accumulate coins and completely ignore the dollar value. Everyone sees red on https://coinmarketcap.com/all/views/all/ but switch it to BTC instead of USD for a different picture.

              If a alt is oversold it stands out like a sore thumb when BTC runs. And vice versa, in a BTC bear market you see coins flow the other way. Look at Zencash last night, Satoshi value pushed up and more waiting to go in during BTC depression.

              Only managed to sell one coin last night waiting to buy back in.. but this is the game. Gather as many coins as you can. You're going to sell them at the end of this year for a high bitcoin value.
              So your strategy is to continuously trade out of alt and into BTC when your alt to BTC exchange rate is good for alt. And over time you accrue bitcoin and lose alt. At the end of your trading you hope to have no alt and all BTC (otherwise your strategy makes no sense).

              Behind your strat is the belief that bitcoin will accrue fiat value over your trading period.

              Have I missed something?

              Comment


                VIBE/BTC got listed on binance this morning
                That's where to make some big bucks...the price always rockets in the first 30 mins. Normally by about 10-20x and then drops way back down. Get the timing right and you're very nicely off
                Your friendly neighbourhood VirtualMonkey - Not giving financial advice since...well...ever.

                Comment


                  Originally posted by scooterscot View Post
                  Alts gets pulled up by dollar value when BTC runs, but I ignore this for the most part, because their Satoshi value is what is important (unless a dollar pair).

                  All I do is accumulate coins and completely ignore the dollar value. Everyone sees red on https://coinmarketcap.com/all/views/all/ but switch it to BTC instead of USD for a different picture.
                  .
                  I think i'm missing something here - is there an option to view all by BTC? I can only see Fiat currencies.
                  https://coinmarketcap.com/all/views/all/

                  Comment


                    Originally posted by merseygrit View Post
                    I think i'm missing something here - is there an option to view all by BTC? I can only see Fiat currencies.
                    https://coinmarketcap.com/all/views/all/
                    The blue drop down above the market cap column can be changed to BTC

                    Comment


                      Originally posted by merseygrit View Post
                      I think i'm missing something here - is there an option to view all by BTC? I can only see Fiat currencies.
                      https://coinmarketcap.com/all/views/all/
                      There's a drop down. just above the table

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