Cryptocurrency

[DivyeshS]

Exactly, selling high buying low.

which exchanges allow short selling?

[bish]

Binance is accepting registrations again if anyone is feeling flush:

https://www.binance.com/?ref=15372888

[Jog On]

Well I decided to sell Stellar, went like this:

Transferred it from Nano to Bittrex - quick and flawless (don't forget memo text!)
Sold on Bittrex for BTC
Bought LTC with the BTC
Send LTC to Uphold
Cashed out entire original (5 figure) FIAT investment from Uphold - waiting for SEPA transfer

Still got about £35k in the game assuming SC coins turn up somewhere sometime and hopefully don't get dumped too badly.

Bought some ADA, Feathercoin and Firstblood - recommended by Alan Masters

Maybe I will regret not Hodling Stellar and if it shoots up I'll kick myself but I can always get back in later. Now my original FIAT stake is cashed out I can concentrate on an accumulation/partial cash out strategy - probably something along the lines of closed out trade profits going:

50% - coin accumulation (adding)
25% - short term P&D
25% - cash out.

Let's see how that plays out from here

SEPA transfer cleared into bank sitting pretty - now playing with the house's money with a decent chunk.

[Murder1]

SEPA transfer cleared into bank sitting pretty - now playing with the house's money with a decent chunk.

Well done, sounds as though you're in a good low-risk position

[FrontEnder]

Nice one. The few hundred GBP i transferred from uphold credited today too. Was just a bit of a test transfer from uphold. It's a great service even if you're not into crypto, e.g. for moving money around in different currencies.

Gonna try the same with revolut.

[bish]

My attitude to risk changed once a I crossed a significant number. When the portfolio starts swinging +/- $100k's on a normal day, you'd do the same! Even still the stakes on individual coins are still humongous given from where I started. Now I just take the profits and distribute or indeed as with SALT tonight, I short it and accumulate more coins.

Are you using any technical analysis (rsi?) to decide when to sell (eg SALT yesterday) in anticipation of a fall. Every time I think the price rise is stalling, it ends up blowing straight thru and further upwards.

[scooterscot]

Are you using any technical analysis (rsi?) to decide when to sell (eg SALT yesterday) in anticipation of a fall. Every time I think the price rise is stalling, it ends up blowing straight thru and further upwards.

TA goes so far until China says it's banning BTC again. And again.

Usually spikes are easy enough to see, they last around 12 hours before returning to some standard moving average. The idea is to end up with more coins than you started. Even if it is a small amount extra, it's a gain. Otherwise just hold long and don't stress.

[Jog On]

TA goes so far until China says it's banning BTC again. And again.

Usually spikes are easy enough to see, they last around 12 hours before returning to some standard moving average. The idea is to end up with more coins than you started. Even if it is a small amount extra, it's a gain. Otherwise just hold long and don't stress.

Which coins are you accumulating and are you accumulating BTC for the long term?

I'm accumulating for longer term:

ETH
XRP
XLM (need to buy in again when I get a chance)
STRAT
ADA
SC
DASH
BCH
LTC

Everything else is pump & dump to accumulate more of the above. Do you see BTC staying as the main one longer term?

[scooterscot]

Don't have much BTC at all. It'll probably hit $40k summer, $100k this time next year (my 2nd exit point), however I find the risk / gain reward more acceptable in trading the alt's. For the time being I'm keeping more than a bitcoin in each of those:


Ethereum Classic ETC
ZenCash ZEN
Groestlcoin GRS
Vertcoin VTC
Salt SALT
Numeraire NMR
PowerLedger POWR
Waves WAVES
Factom FCT
Ubiq UBQ
district0x DNT
METAL MTL
TenX Pay Token PAY
SiaCoin SIA
AION

[scooterscot]

good tweet

"Coming from a financial background, I understand the emotions that come with volatility. I constantly talk clients off the ledge so to speak whenever markets take a hit. However, long term investors outperform short term traders on average. It is a proven fact. Not debatable. There will always be exceptions to the rule. Crypto markets are very bullish so far this year. Your coin can't always climb to new ATH. If you force yourself to hold your investments that you believe in for a month or two you will see returns. Market timing is playing with fire. You can win big and you can miss out big too. Being patient is far easier than making emotional decisions based of short term swings. Trust me."