Originally posted by scooterscot
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Cryptocurrency
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Originally posted by VirtualMonkey View PostSo...sell after the alt rally and before the BTC rally. Sounds like a plan.
If you check out coin market leading up to May/June you'll notice a number of alt's rallied and then BTC after the conference. So my plan is if I'm holding an alt that's gone 10x then I'll put it into BTC up until the end of July or BTC correction at around $30k. I'll buy back into my alts/project in the autumn.
Timing will be everything. You can of course not do this trade. Just hang until the end of the year. However, in hindsight, I realise at the end of last year I could have 8-10x my money.
It would be worth taking a month off the day job just to focus on this trade.
And then after Bitcoin toward the end of July.
Last edited by scooterscot; 20 March 2018, 15:32."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Originally posted by Pip in a Poke View Posthmmm... inneresting I'm sure
If nothing else it makes for a interesting office wallpaper."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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I see that one of those who made money from contractors is branching out into virtual currency with some form of crowd funding idea.
Ultimo's Michelle Mone and Doug Barrowman launch $75 million Equi ICO - Business Insider
Obviously moving on from contractors.Best Forum Adviser & Forum Personality of the Year 2018.
(No, me neither).Comment
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Originally posted by scooterscot View PostThis is what I should have done last year - but hey ho.
If you check out coin market leading up to May/June you'll notice a number of alt's rallied and then BTC after the conference. So my plan is if I'm holding an alt that's gone 10x then I'll put it into BTC up until the end of July or BTC correction at around $30k. I'll buy back into my alts/project in the autumn.
Timing will be everything. You can of course not do this trade. Just hang until the end of the year. However, in hindsight, I realise at the end of last year I could have 8-10x my money.
It would be worth taking a month off the day job just to focus on this trade.Your friendly neighbourhood VirtualMonkey - Not giving financial advice since...well...ever.Comment
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Originally posted by VirtualMonkey View PostSo...the million dollar question (from my point of view). I realise the 10x is a fairly fluid and arbitrary multiplier but 10x what? 10x the price now or 10x the price before the correction? There's a significant difference between the two in some cases (4x-5x). Just trying to dial in what you're looking for as I don't want to exit too early. Would rather exit a bit late tbh as the last parts of the pumps prior to this have been epic and the corrections rather drawn out
Always exit on the way up. Exiting late after the hill is difficult, the demand melts away and you're chasing the price down.
When you find yourself hanging on for more, that's the greed taking over."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Originally posted by scooterscot View Post6-10x the satoshi value - ignore the dollar value.
Always exit on the way up. Exiting late after the hill is difficult, the demand melts away and you're chasing the price down.
When you find yourself hanging on for more, that's the greed taking over.Your friendly neighbourhood VirtualMonkey - Not giving financial advice since...well...ever.Comment
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Originally posted by Jog On View PostWeak hands will always buy high and sell low.
https://test.jochen-hoenicke.de/eth/ponzitoken/
https://powh.trade/
https://powh.io/
1) Doesn't attempt to hide that it's a pyramid/ponzi - in fact celebrates it with humour
2) It's a Ethereum DApp .. no human admin, open source, will run 'forever' on the Ethereum main network so no cease and desists possible for this one. Take that SEC ! Here's the code, 808 lines of Ponzi goodness:
https://etherscan.io/address/0xb3775...5c091efbe#code
How does it work ?
Buy - 10% of buy price given to existing PoWH3D holders ('dividends' for all holders). Buy causes token price rise.
Sell (weak hands) - 10% of sell price given to existing PoWH3D holders ('dividends' for all holders)
Need price to rise 20% before sell to make a profit
Buy/Sell anytime, no timed lock ins
Affliate program - 3% of buy price, 7% of buy price to other POWH3D holders
Early buyers (top of pyramid) gain the most - until they get 'weak hands' and sell.
Curtains for all if everyone sells or DApp hacked (stack overflow attacks etc).
Gonna be some big quick gainers (and plenty of losers) from this 'un.... and many, many clones.
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Loopring (LRC) - had not realised it is now on Bittrex.
Nice volume trying to get in.Last edited by scooterscot; 21 March 2018, 10:25."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Originally posted by scooterscot View PostLoopring (LRC) - had not realised it is not on Bittrex.
Nice volume trying to get in....my quagmire of greed....my cesspit of laziness and unfairness....all I am doing is sticking two fingers up at nurses, doctors and other hard working employed professionals...
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