Sold my SBD(huhuhu I really didn't wish to do that) and bought a little eth two days ago at $260. Envy those able to buy at around $200!! Now it's all coming back up, wuth the market cap nearing $100B again
Either you trade or you hodl. I've been trading recently, but unfortunately it really means staring at the screen 24/7! So I'd probably recommend just having a balanced portfolio with assets that you believe should have long term benefit. With crypto anything is possible - Ethereum could do another 5x...but equally it's possible it could loose 80% too. Who knows!!
I'm not comfortable with trading just yet, so i hold. I totally agree on long-term investing, this is why certain icos have a certain appeal to me. I started investing small on different projects i believe in, I wouldn't feel comfortable going all-in on a single coin lol
I haven't had any problems with Poloniex, myself.
Other than when they've 'temporarily' disabled withdrawals/deposits for certain coins like STEEM (which at this moment in time is disabled yet again!)
But I've heard stories that a lot of people have had problems.
Poloniex say this is because they've been overwhelmed with the huge influx of new users and have not had the resources to do all the required AML/KYC checks in a timely fashion.
I have been using Bittrex a lot more now (for both of the above reasons), have never had any problems with them, that would be my recommenedation -- unless, you want to trade very large sums, in which case Poloniex may be better because it currently has higher liquidity on many assets.
Yeah, still baby steps for me. The crypto world is amazing! I've only taken interest late april, maybe why I feel that the market is overly exciting, seeing BTC rise from about $1200 to where it is now. And ETH was at $88!
Mind-blowing.
At first, whenever I see the market go bloody red, I get the urge to buy buy buy! Crypto-shopaholic at its finest lol. Now I'm limiting the funds invested, not going beyond what I can afford to lose (a very unlikely case).
As it is I've made an about 5x on my initial investments, waiting for my one big 1000x within the next couple of years I think.
Personally, as a trader (right now), I always try to keep some of my portfolio as USD, sitting on an exchange. At this moment, I've actually cashed out around 50%...as it looks to me like it could be nearing the end of this bubble for a while. And to me, end of bubble probably means around a 50% drop at least in the market unfortunately :( If you don't have too much invested, then that's fine....but if you have way too much of your net worth in it, then it's not so good!
And whenever I think to myself wow I've made x times...then that's the time I start to get worried and think about selling!! Be 'Greedy when people are fearful and fearful when people are greedy', as the saying goes :)
You're a wealth of knowledge in terms of crypto-trading. That is one challenge I foresee for my self actually, how to know WHEN to opt out. This helps a lot be fearful when people are greedy.
I hope you don't stop with a single post, I can see you'd be of great help a lot of crypto-toddlers like me.
Yay! Well hello there @parker.hammer! I can't remember how much I bought ETH for, for the Aragon ico I think that was May 17, but it definitely wasn't at $350 lol.
Someone asked for an upvote, so I thought I should give all the replies some upvote out of fairness :). And just because it was my first post too!
But, yeah, I think I crazily converted way too much BTC/ETH to STEEM ( but still I want more...hehe!)
Actually, I will look for a post of yours and give you a 100% vote (not worth as much as it was a few days ago unfortunately, but still worth something :)
)
When something goes up massively and really quickly, I find it's pretty much always guaranteed it will retrace 50% at least, once its reached the highest point it's going to get for a while. I was in bitcoin when it dropped from $1000 to $200 in two years. But then years later it hit $3000.
It took a lot of time and expereience for me to learn to trade better.
My suggestion would be either approach (1) dollar cost average, or (2) actively trade. But if you actively trade, you need to know what you're doing or you can even lose money during a massive bull market .
I read a story of someone who had around $150k made from trading over 2 years, but then decided to short DASH when it was still increasing in value, and ended up losing pretty much all his capital when he got margin called.
Hope you can recover, and then make a profit, in the future.
I want someone to guide for somedays but yeah actively trading is beneficial.
Can you suggest me any coin today ? Or should I buy ethereum!!
I think ethereum is at hike today !
We've just had a huge bubble in crypto. At some point a down-turn will occur. I think there's a fair chance we're into that now (though of course I could be wrong). If so, it means easy money will be very much harder to make :( If we are into a down turn then I personally won't be thinking much about buying in the near future (other than some icos possibly). I would basically wait until it looks like either the down-turn has ended, or we get another crash which would provide a quick opportunity to make money on the bounce-back.
Regarding which coins to buy I have no idea. Also much more difficult since the poloniex trollbox is no longer around! Maybe there are other troll-boxes or you could scan all the various forums :)
There is gonna be blood on the streets and you need to be buying! Claim what's yours! Gather what's yours! The mice will be bleeding. It will seperate the mice from the men, the pits from the pudles. Go and gather back your grounds, show your flag, put your flag in the ground. Send the re-inforcements out there and put in the buy orders! Green Green Green it's all greeeeen!!!! Followed and Upvoted my Brother, Let's boooom to the mooon
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Sold my SBD(huhuhu I really didn't wish to do that) and bought a little eth two days ago at $260. Envy those able to buy at around $200!! Now it's all coming back up, wuth the market cap nearing $100B again
Either you trade or you hodl. I've been trading recently, but unfortunately it really means staring at the screen 24/7! So I'd probably recommend just having a balanced portfolio with assets that you believe should have long term benefit. With crypto anything is possible - Ethereum could do another 5x...but equally it's possible it could loose 80% too. Who knows!!
I'm not comfortable with trading just yet, so i hold. I totally agree on long-term investing, this is why certain icos have a certain appeal to me. I started investing small on different projects i believe in, I wouldn't feel comfortable going all-in on a single coin lol
Very sensible plan imho :)
Can you tell me is poloniex safe for trading now ? Or should I switch my account to bittrex!
Confused @xaero1
I haven't had any problems with Poloniex, myself.
Other than when they've 'temporarily' disabled withdrawals/deposits for certain coins like STEEM (which at this moment in time is disabled yet again!)
But I've heard stories that a lot of people have had problems.
Poloniex say this is because they've been overwhelmed with the huge influx of new users and have not had the resources to do all the required AML/KYC checks in a timely fashion.
I have been using Bittrex a lot more now (for both of the above reasons), have never had any problems with them, that would be my recommenedation -- unless, you want to trade very large sums, in which case Poloniex may be better because it currently has higher liquidity on many assets.
Thank You so much
Please make a post for everyone about coins and future of coins.
You're very very knowledgeable.
Thank you. Maybe I try that one day :)
Yeah, still baby steps for me. The crypto world is amazing! I've only taken interest late april, maybe why I feel that the market is overly exciting, seeing BTC rise from about $1200 to where it is now. And ETH was at $88!
Mind-blowing.
At first, whenever I see the market go bloody red, I get the urge to buy buy buy! Crypto-shopaholic at its finest lol. Now I'm limiting the funds invested, not going beyond what I can afford to lose (a very unlikely case).
As it is I've made an about 5x on my initial investments, waiting for my one big 1000x within the next couple of years I think.
Awesome! :D
Personally, as a trader (right now), I always try to keep some of my portfolio as USD, sitting on an exchange. At this moment, I've actually cashed out around 50%...as it looks to me like it could be nearing the end of this bubble for a while. And to me, end of bubble probably means around a 50% drop at least in the market unfortunately :( If you don't have too much invested, then that's fine....but if you have way too much of your net worth in it, then it's not so good!
And whenever I think to myself wow I've made x times...then that's the time I start to get worried and think about selling!! Be 'Greedy when people are fearful and fearful when people are greedy', as the saying goes :)
You're a wealth of knowledge in terms of crypto-trading. That is one challenge I foresee for my self actually, how to know WHEN to opt out. This helps a lot be fearful when people are greedy.
I hope you don't stop with a single post, I can see you'd be of great help a lot of crypto-toddlers like me.
Thanks for the kind comment :)
I remember that! I bought my first eth at $92 haha, I'm as fresh as you are
Yay! Well hello there @parker.hammer! I can't remember how much I bought ETH for, for the Aragon ico I think that was May 17, but it definitely wasn't at $350 lol.
We came in at an exciting crypto-era!
Omg i just noticed. YOUR SINGLE UPVOTE IS more than what I make on some posts I make! Thank you thank you! (Insert jaw-drop image lol).
Someone asked for an upvote, so I thought I should give all the replies some upvote out of fairness :). And just because it was my first post too!
But, yeah, I think I crazily converted way too much BTC/ETH to STEEM ( but still I want more...hehe!)
Actually, I will look for a post of yours and give you a 100% vote (not worth as much as it was a few days ago unfortunately, but still worth something :)
)
trading crypto drains you, absolute focus is required
I would buy with your help 😏 If you know what I mean 😎
Hehe.. have an upvote I guess :)
Yeah !! I'm in loss these days !!
Literally I'm very upset !
I know god will help me to recover from this
Sorry to hear.
When something goes up massively and really quickly, I find it's pretty much always guaranteed it will retrace 50% at least, once its reached the highest point it's going to get for a while. I was in bitcoin when it dropped from $1000 to $200 in two years. But then years later it hit $3000.
It took a lot of time and expereience for me to learn to trade better.
My suggestion would be either approach (1) dollar cost average, or (2) actively trade. But if you actively trade, you need to know what you're doing or you can even lose money during a massive bull market .
I read a story of someone who had around $150k made from trading over 2 years, but then decided to short DASH when it was still increasing in value, and ended up losing pretty much all his capital when he got margin called.
Hope you can recover, and then make a profit, in the future.
I want someone to guide for somedays but yeah actively trading is beneficial.
Can you suggest me any coin today ? Or should I buy ethereum!!
I think ethereum is at hike today !
We've just had a huge bubble in crypto. At some point a down-turn will occur. I think there's a fair chance we're into that now (though of course I could be wrong). If so, it means easy money will be very much harder to make :( If we are into a down turn then I personally won't be thinking much about buying in the near future (other than some icos possibly). I would basically wait until it looks like either the down-turn has ended, or we get another crash which would provide a quick opportunity to make money on the bounce-back.
Regarding which coins to buy I have no idea. Also much more difficult since the poloniex trollbox is no longer around! Maybe there are other troll-boxes or you could scan all the various forums :)
you can help me the same way you helped jwolf @xaero1
Only 'cause this was my first post ;)
oh yeah ,congrats with your first post :)
Thank you sir, may I have another?
Thank you so much!
solid comment lol
Excellent message, you have a point, I hope you also help me with a vote.
haha that's right! Buy low sell high! The market always comes back :) Funny meme.
Yes, it always comes back! ...... until it doesn't :)
There is gonna be blood on the streets and you need to be buying! Claim what's yours! Gather what's yours! The mice will be bleeding. It will seperate the mice from the men, the pits from the pudles. Go and gather back your grounds, show your flag, put your flag in the ground. Send the re-inforcements out there and put in the buy orders! Green Green Green it's all greeeeen!!!! Followed and Upvoted my Brother, Let's boooom to the mooon
Wow, that comment can't be bettered :D
My friend mucho gusto forthe upvote! You seem to be the re-inforcements troops ! Claim what's yours!
I bought at $260, I should've waited more. Damn. Haha. <3
Me too!
hahahahahah funny meme in these hard times
Yeah, funny/scary depending on how much crypto you have as a proportion of your net wealth! :/
ethercrash is coming. I think ether will be equal to ripple.
its was 5 ripple just the other day so you are not far off
haha...funny