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Sharing of ideas, tips, and strategies for increasing your Bitcoin trading profits

Sharing of ideas, tips, and strategies for increasing your Bitcoin trading profits
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Cointrol - open-source Bitcoin trading bot and real-time dashboard for Bitstamp

Cointrol - open-source Bitcoin trading bot and real-time dashboard for Bitstamp submitted by jkbrzt to Bitcoin [link] [comments]

Automate Bitcoin Bot Trading on MtGox, BTC-e and BitStamp with Industry Grade Bitcoin Trading Platform Cryptotrader.org

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Automatic Bitcoin Trading Robot Butter-Bot Rising in Popularity – Supporting Trading on MtGox, Bitstamp and BTC-e

Automatic Bitcoin Trading Robot Butter-Bot Rising in Popularity – Supporting Trading on MtGox, Bitstamp and BTC-e submitted by Itbtc to Bitcoin [link] [comments]

ColossusXT Q2 2020 AMA Ends!

Thank you for being a part of the ColossusXT Q2 2020 AMA! Below we will summarize the questions and answers. The team responded to 46 questions! If your question was not included, it may have been answered in a previous question or AMA. The ColossusXT team will do a Reddit AMA at the end of every quarter.
The winner of the AMA contest is: ookhimself
Congratulations. I will send you a DM on Reddit.
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Q: Why does your blockchain exist and what makes it unique?
A: ColossusXT exists to provide an energy-efficient method of supercomputing. ColossusXT is unique in many ways. Some coins have 1 layer of privacy. ColossusXT and the Colossus Grid will utilize 2 layers of privacy through Obfuscation Zerocoin Protocol, and I2P and these will protect users of the Colossus Grid as they utilize the grid resources. There are also Masternodes and Proof of Stake which both can contribute to reducing 51% attacks, along with instant transactions and zero-fee transactions. This protection is paramount as ColossusXT evolves into the Colossus Grid. Grid Computing will have a pivotal role throughout the world, and what this means is that users will begin to experience the Internet as a seamless computational universe. Software applications, databases, sensors, video, and audio streams-all will be reborn as services that live in cyberspace, assembling, and reassembling themselves on the fly to meet the tasks at hand. Once plugged into the grid, a desktop machine will draw computational horsepower from all the other computers on the grid.
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Q: What is the Colossus Grid?
A: ColossusXT is an anonymous blockchain through obfuscation, along with utilization of I2P (Armis). These features will protect end-user privacy as ColossusXT evolves into the Colossus Grid. The Colossus Grid will connect devices in a peer-to-peer network enabling users and applications to rent the cycles and storage of other users’ machines. This marketplace of computing power and storage will exclusively run on COLX currency. These resources will be used to complete tasks requiring any amount of computation time and capacity, or allow end-users to store data anonymously across the COLX decentralized network. Today, such resources are supplied by entities such as centralized cloud providers which are constrained by closed networks, proprietary payment systems, and hard-coded provisioning operations. Any user ranging from a single PC owner to a large data center can share resources through Colossus Grid and get paid in COLX for their contributions. Renters of computing power or storage space, on the other hand, may do so at low prices compared to the usual market prices because they are only using resources that already exist.
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Q: Is there any estimated date for the grid? What will set you apart from the opposition?
A: We are hoping to have something released for the community in Q4 this year. The difference between other competitors is that ColossusXT is putting consumer privacy first and we’re actively in the process of working with federal and state agencies in the United States.
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Q: How do you plan to get people to implement the technology? At your current rate of development, when do you foresee a minimum viable product being available?
A: We have been strategically networking with businesses, and we are currently undergoing the verification process in the United States to make bids on federal and state projects. We are working on an MVP and our goal is to have at least a portion of the Colossus Grid ready by Q4 2020.
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Q: When we can expect any use-case for COLX? A company or service that uses COLX for its activities/tasks.
A: We’re aiming for Q4 of this year to have an MVP, throughout 2021 we will be strategically making bids on federal and state contracts in the United States with a goal to expand operations exponentially.
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Q: Are there any plans to be listed on the more prominent exchanges e.g binance, kraken?
A: Yes, we have applied to some of these exchanges that are considered Tier 1 or Tier 2 exchanges. Many of them upfront will tell you there are no fees associated with the listing, that is not entirely true most of the time. Regardless, have applied and are awaiting more responses as we move forward. Listing on these exchanges often requires that we cannot announce this information until ColossusXT is live on its platform.
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Q: Partnerships are the norm these days in crypto world. Which partnership would you consider feasible, if any, in order to grow the Colossus Grid project?
A: The Colossus Grid is a huge undertaking both in development and business partnerships. We are moving in both these directions strategically. One of the most important partnerships is not really a partnership but approval to bid on state and federal contracts. Working with the governments around the world will be a big part of the Colossus Grid use-case.
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Q: If the ability to annonymise coins is turned off, can CLX still be marketed as a privacy coin? Do we have a date we can start using this feature again?
A: Yes and No. It’s frustrating right now having a lack of privacy for consumers as we don’t see privacy as a feature but a right. EVERY platform online should have some levels of privacy for their consumers, especially as technology continues to evolve and bad actors continue to use your personal information for their own nefarious purposes. Obfuscation will be implemented in the coming weeks, and Armis will follow suit shortly thereafter.
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Q: When can we expect the grid to come out?
A: We are looking at releasing an MVP towards the end of the year. Stay tuned during Q3 and Q4 as we ramp on technical and business developments.
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Q: Can you tell the current budget for development work?
A: Much of the development work budget comes from Core team member's disposable income, we also use the self-funding treasury that Masternode owners vote on each month.
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Q: Will cold staking be implemented somedays? I like the model of Cardano. Hope you will implement kind of Cardano staking in our wallet. I would love the easiness.
A: ColossusXT staking has been enabled since 2017. We have calculators on the website that will estimate your average staking returns and you can join numerous pools to increase your staking power within the pools. Cold staking is on our radar and will make it into the roadmap when our budget allows us.
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Q: Which part of grid technology are you planning first to go live? Storage/RAM/CPU/GPU/all at once? Separately?
A: We will be rolling the Colossus Grid out in two phases. The first phase will be storage, and then we will roll out computing power (RAM/CPU/GPU).
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Q: Is Armis I2P technology in development testphase I mean, I have read something like that… If Armis goes live, will there be some kind of option in deskopt wallet to transfer anonymous or will every transaction be fully anonymous like e.g. monero?
A: We recently had a testing phase with the community earlier this year, there will be another test phase with community participants who sign up. If you’re interested in this stay tuned on our socials and apply when the next testing phase happens All transactions will be fully anonymous behind Armis.
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Q: What programming languate is being used for developing COLX? How well this programming language do you think is more suitable for developing crypto, in comparison with other programing languages?
A: C++ is what we’re using at ColossusXT. Each crypto project is different but with what we're developing at ColossusXT. We are best suited to utilize C++.
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Q: What is the second biggest milestone other than launching the grid network for the team. What do you think of your competition like Golem network?
A: Armis will be a big milestone, and I don’t think we go back to our Polis partnership which allows users in Europe and Mexico (they do plan to expand to the US and other countries) the ability to spend their ColossusXT (COLX) wherever Mastercard is accepted. I don’t think the Golem network is taking consumer privacy far enough, in the blockchain industry I also see a lack of drive to push adoption within the United States. This is likely due to unclear regulations right now. ColossusXT is at the forefront of these issues and we intend to lead blockchain through these somewhat murky waters.
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Q: I don’t have a lot of knowledge about crypto-technology… but are there any risks of sensitive data-hijacks through Colx infrastructure? Will the Colx-grid be available for individuals or only larger corporations, and how would one get access to the computing power?
A: There are always risks with technology. We are doing extensive testing and more testing prior to releasing anything. Consumer privacy is apart of the foundation of what we’re building at ColossusXT and we want to ensure any and all of your personal information is secure and private. As technology evolves, we will be right here evolving with it to ensure that consumer privacy protections are always in place.
The Colossus Grid will be available to anyone with a computer. You will access it through the desktop wallet.
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Q: Do you have any new exchange listings planned in the near future?
A: Yes, but unfortunately with these things, every day it’s not something we can often say before the exchange makes their own announcements. If you have certain exchanges that you prefer, do not be shy and tag us on Twitter letting us and the exchange know. You can also reach us everyday at all hours of the day and night on Discord and Telegram.
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Q: Given that Colx had no ICO, are we able to ramp development efforts in case we have potential partnership deal on the table?
A: It really depends. We strategically spend every dime we spend on development. We do not like even a single penny to be waisted, so we don’t move as fast as the projects that raised millions of dollars, but we continue moving none the less. Ramping up our development is something we are working on by securing additional funding and we’re currently working on securing funding. 😊
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Q: How is the project development advancing? What are your plans for the next 5 years and what more can we expect from ColossusXT?
A: Our development is continuing on at a steady pace, we’re looking to ramp this up over the next year as the Colossus Grid will take much of our time but we’re excited. Over the next 5 years, you can expect the Colossus Grid to be live in all forms (storage and computing power), Armis will be released and we will share many technical details on how this consumer privacy protection rivals some of the other privacy protections in the blockchain industry. We expect to be verified and approved to work with the agencies in the United States long before then as well and will be aggressively pursuing federal contracts to utilize the computing power of the Colossus Grid. In 5 years, we plan to be a key player not just in the blockchain industry, but throughout the world. If you do not know ColossusXT now, expect to in 5 years or less.
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Q: Users often care less about technology, but rather the value of the token. How do you manage to strike a balance between developing the technology and also improving the value of COLX? There are so many privacy coins now, all of them claiming to have better features that ColossusXT. Moving forward, what do the next 10 years look like for ColossusXT in navigating the wave of privacy projects coming. How can ColossusXT continue to shine in the midst of seemingly legit projects that have come to challenge ColossusXT like mimblewimble projects and Monero, Zcoin, ect.?

A: The Colossus Grid and Masternodes will have a strong relationship with each other. When the Colossus Grid goes live we expect the masternode demand to continue to rise. Masternodes are a great incentive mechanism to increase network strength and will play an important role within the Colossus Grid. The more masternodes online, the less available coins in the circulating supply; which we expect will eventually reflect ColossusXT (COLX) coin value.
Over the next 10 years, ColossusXT (COLX) will solidify itself as a key player in the blockchain industry, and outside the blockchain industry. Following our strategic business plans, we intend to be one of the first, if not the first to truly bring government and other businesses into the blockchain industry through the Colossus Grid. Armis will be our defining privacy feature, which we expect in time will begin to be adopted by other projects. --------------------------------------------------------------------------------------------------------------------------------------------------
Q: How have the number of Masternodes (MNs) increased/decreased over time/in the past few years? What proportion (%) of MNs actively take part in Governance? How do you see the number of MNs increasing/decreasing in the next couple of years? Is there a trend upwards or downwards?
Is there a specific number (or range) of MNs the team would like to attain ideally? Is it better to have as many MNs as possible or is there a point at which too many MNs start to have an adverse effect on the performance of the blockchain?
Hope this wasn’t too many questions in one :), Ahmed

A: The number of masternodes in the active network is more or less the same, fluctuating around 200-220. About 40% - 50% of masternodes participate actively in governance (see https://governance.colossusxt.io). We expect a number of masternodes to grow as they will have additional benefits with Colossus Grid (see business plan: http://bit.ly/COLXBPLive).
As the team had no premines, only the dev fund can be used for masternodes which is hard to maintain due to actual budget flow. It’s better to have as many masternodes as possible for the network, there is no adverse effect.
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Q: Of all the milestones that $COLX has achieved since your humble beginnings, which do you consider to be the best of it all? What achievements do you feel proud most?
A: It’s often not mentioned but I’m very proud of our partnership with PolisPay, which allows ColossusXT community members to purchase Amazon, Spotify, and other gift cards with ColossusXT (COLX) through the Polis platform. You are also able to spend your COLX anywhere Mastercard is accepted, the card is available only for EU citizens right now and the Polis team hopes to bring in other countries in the future.
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Q: There are problems that can slow down the course of a project such as the emergence of globalization, given the tighter budget, shorter implementation time requirements. My question is, How does $COLX resolve the issue?

A: Given the current situations around the world the Colossus Grid has more value than it ever has, and that value will continue to grow once we have released the Colossus Grid for consumers to share and utilize resources. You can already see from the [email protected] initiative that people are eager to share their computing resources to help researchers simulate different COVID19 simulations. We’ve always worked on a very small budget at ColossusXT starting with 0$ in funding and no pre-mine or ICO/IEO. This project was built for the community by the community, and as of lately we’ve actually been ramping up our business strategies and developments. Since we have all already worked remotely before the COVID19 pandemic, it interestingly allowed us more time to focus and achieve these goals as our day jobs allowed us to spend more time on ColossusXT.
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Q: How will you fight with regulators who are trying to stop privacy coins?

A: We have an amazing legal team at ColossusXT, and they are on top of any new law or regulation that comes out. We’re not afraid of regulators and our legal team makes sure that everything we do for ColossusXT is law-abiding. It's time the world stops looking at privacy as a feature and as a right, especially when you read about different applications and platforms using your personal DATA for their benefit. ColossusXT will continue to push this, and we're prepared to lobby this to lawmakers. --------------------------------------------------------------------------------------------------------------------------------------------------
Q: What type of utilities can $COLX give to users over its competitors like GOLM (computation) or STORJ (Data)?

A: The Colossus Grid has some major differences between Golem and Storj. One we’re a privacy-focused project. If you take a look at many of these applications and platforms today, in some way or another you’re giving up personal information, and/or geographic information. ColossusXT is focused on protecting consumer information, we do not look at privacy as a feature, we see privacy as a right, especially in the tech world today.
The second part of this question is that we’re currently in the verification process of registering with the United States federal and state governments so that we can legally bid on federal and state projects and work with different agencies. This will ensure that as the community members are sharing their idle resources, large corporations and businesses are using it. I’m not aware of the mentioned projects being registered in the United States or taking steps to work with the United States government.
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Q: How will computing power and storage sharing look like, for an average user (marketplace, program download)? What are you currently working on, when can we expect MVP? TY
A: The marketplace and Colossus Grid will be inside the ColossusXT desktop wallet that you currently have now. The UI/UX will change some to allow the additional settings and tabs that will become available and we’re preparing an MVP right now and we hope to share those details with you over the next few months, ask us again in the Q3 AMA if you haven’t seen anything yet :)
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Q: What would you say is the $COLX killer feature that sets it apart from the rest of the competition.
A: We believe that Armis is our killer feature. We recently had a beta this year with the community and will be moving forward later this year with Armis. ColossusXT consumers will have their geographic location and IP fully hidden behind the Armis layer for further security and anonymity for the transactions which will also take place in the Colossus Grid resource marketplace in the future.
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Q: I have been a silent follower of $COLX and I must say that I'm truly impressed with how the team has been diligently working on the project. It'd be nice to have the community be part of something like a bounty or a social awareness contest. As this will not only attract more users to the platform but would also strengthen the bond within the community. When can we possibly expect a community project of this level? #spreadthegrid
A: We currently have a Gleam competition ongoing for social awareness, and we just hired a community manager to spread more community awareness and will be rolling on competitions more regularly. Every quarter we have an AMA on Reddit for the community to ask questions, or just gripe at us, and one person each quarter is awarded 100,000 COLX for participating in the AMA. As we deliver our targets and grow, we will shift more funds from development funds to marketing funds to raise further awareness.
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Q: "Our main competitor is crypto adoption. We are all here to make it happen together.", this is quoted from a founder of a known crypto wallet. Do you see competition as something that strengthens the project as a whole or as a possible distraction due to pressure to be at the top of the crypto ecosystem?

A: This is a two scenario situation. Competition is good for ColossusXT, and we look at our main competitor in blockchain as Golem (GNT), having said that though too much competition or sometimes maximalist behavior isn’t good for crypto, many of these projects should be coming together to lobby lawmakers for laws and regulations that are good for the blockchain industry, as this is still an emerging market and the laws and regulations aren’t exactly in place at this time.
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Q: "For people to believe in crypto, they need to understand the tangible benefits it offers to our society.", a remark made by a crypto project in the past. What exactly would be $COLX real life global benefits? And how do you plan on achieving this?
A: ColossusXT vision will be achievable when the Colossus Grid is released. We are currently in the process of registering with state and federal agencies in the United States, once we are registered to work with these agencies we will pursue contracts with the government, cybersecurity firms and colleges all around the United States, and the world to utilize the resources on the Colossus Grid. We’ve already started building business relationships for this very purpose.
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Q: According to you how much time will it take for $COLX to get into mainstream adoption and execute all the plans set for this project?
A: It’s almost impossible to set a timeline on when the world/people will begin to adopt ColossusXT (COLX) and the Colossus Grid. We don’t believe that adoption for ColossusXT will happen before the Colossus Grid is live, and if I gave you an exact timeline for when or how long it will take you for the Colossus Grid to be adopted I would be lying to you, but we are already forming business relationships and making strategic moves to be able to bid, and work with state and federal agencies in the United States.
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Q: Does Tokens.net plan any kind of staking ($COLX or other coins)?
A: We will reach out to the tokens.net team and see if they have any plans to allow staking.
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Q: How will you try to boost adoption of #COLX, how do you think you will motivate programmers to join opensource project?
A: The Colossus Grid will be available for anyone to use, or share their idle resources for other consumers to use. We will be focusing on providing these resources to state and federal governments, cybersecurity firms, and researchers all across the world. Certainly, we expect some community members to use these resources to mine different PoW cryptocurrencies, but the team at ColossusXT will be focused on bringing in large colleges and universities as well as big cybersecurity businesses that may need supercomputing power at 1/10th of the current prices. Our programmers are our only paid team members, and we pay them at a competitive rate. We’re looking to bring in some more programmers later this year.
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Q: Do you have any special development funds for programmers?
A: Sometimes we pay our programmers out of our own pocket, sometimes we pay them in ColossusXT. It really depends on what kind of agreements have been made. We have been aggressively pursuing different funding opportunities throughout 2020 so that we can expand our development team and in the future, we may have incentives to drive programmers into joining our team. Right now we just stick to a competitive pay scale within the industry.
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Q: Why Android Wallet Revision hasn't been done? Any problems?
A: The Android wallet revision took some time to be approved in the Google Playstore, but it has been released and live since June 15, 2020.
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Q: Whats the second biggest milestone other than the grid network for COLX team?
A: Armis is likely to be considered our second biggest milestone this year, although as I mentioned above this can easily be overshadowed by our Polis partnership which allows you to spend ColossusXT (COLX) anywhere Mastercard is accepted. Although the epay debit card ownership is currently restricted to certain countries (EU zone only), these restrictions will lift in time.
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Q: How is COLX team going to contribute to crypto adoption, other than building a robust network?
A: We’re already in the process of verification to work with state and federal agencies. Adoption for blockchain projects isn’t going to move fast. I read a report just a few days ago about how scammers in the crypto industry stole over 2 million dollars worth of crypto just from the “Elon Musk” impersonations on Twitter.
We will continue to build our network, and seek out state and federal agencies as well as private cybersecurity firms that can utilize the Colossus Grid, we’re not just focused on making noise on social media, we intend to make noise throughout the entire world.
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Q: Are their industry partners to COLX that are awaiting your network to go live?
A: Yes, although I hesitate to go into too much detail here. We are talking with business leaders.
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Q: The ongoing crisis affected the market badly, making many projects far from their targets. What is $COLX strategy in order to survive and pass through this crisis?
A: I agree it affected the market badly, especially the projects that raised hundreds of millions of dollars in crypto and held it through the entire market correction. ColossusXT strategy is different from those affected, we’ve always had a smaller budget than these large projects. We spend the money we have available very wisely, and we’re not in a hurry to grab something that sounds good without doing our due diligence. We make our moves very strategically.
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Q: I gotta ask, what made $COLX decide to get listed on Tokens.net? What beneficial advantage does $COLX get in doing so? How about Tokens.net?
A: Tokens.Net is one of the best exchanges ColossusXT is listed at the moment in comparison to others in terms of volume.
  1. Tokens.net is one of the most secure and transparent exchanges out there, registered in the UK.
  2. The team behind the exchange has deep roots in the crypto/blockchain space, it was co-founded by Damian Merlak, a crypto-pioneer and co-founder of Bitstamp.
  3. Tokens.net provides free auto-trading tool / Market Making Bot. Their Dynamic Trading Rights concept adds transparency to trading volumes.
  4. They allow the community voting option of only truly decentralized projects after a thorough screening.
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Q: Hey everyone! What is the main purpose of the coin $COLX, does it have its own chain or is it some sort of an ERC-20 token? Thank you for the answers.
A: ColossusXT has never been an ERC-20 coin. We have been operating on our own mainnet since 2017. The purpose of ColossusXT (COLX) is to be the native currency of the Colossus Grid. This will allow users to share their idle resources on their computers, and consumers will rent/buy those resources to complete whatever they intend to use them for, from processing large DATA to running scientific simulations, to even mining PoW cryptocurrencies.
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Q: When we can expect any usecase for COLX? A company or service that uses colx for its activities / tasks.
A: There are currently use cases now if your location allows you to utilize the Polis Pay app, or if you have a Polis Pay card you can buy things with ColossusXT (COLX). I myself have tested the card buying gas at a gas station. These are not ColossusXT’s primary focus though and much of our use case will not start until the Colossus Grid is live.
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Q: What pairs will colx have to trade with on tokens.net // Will you connect #COLX with USDT EURS or BTC?
A: ColossusXT will be initially paired with Bitcoin (BTC). If the community would like different pairs, they can certainly request them and we will reach out to tokens.net and work to facilitate requests.
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Q: Will you try to convince users to trade on tokens.net if so how will you do it?
A: There is currently a gleam competition for users to sign up and trade on tokens.net. We “shill” tokens.net accordingly through social media to the ColossusXT community, but can’t really convince anyone to use a certain exchange, although we will try to push as many members to tokens.net as we can. We have many masternode holders who reside in the United States and they are not yet allowed to trade on tokens.net.
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Q: How will you try to create liquidity for your pairs?
A: We would like to increase the adoption rate with real-world partnerships such as our partnership with PolisPay for the use of gift/debit cards. As the liquidity is linked with the use cases, supply/demand mechanics, we are also preparing to provide additional use cases of COLX for the crypto world in an innovative & pioneering way; for the time being, we can hint this as a side business till we deliver fully operational Colossus Grid.
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Q: How big is a development team of #COLX?
A: The ColossusXT team is probably bigger than some people realize, partly because many of the team members are very private. We have 9 core members, 2 in-house developers, 3 Colossus Grid architects, and 2 Colossus Grid developers.
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Q: Do you have some security guys in the team?
A: Yes, although I’m hesitant to share too many personal details about team members. We have core team members who have been working in different fields of IT security for several years.
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Q: Since #COLX is planning on having some sort of a marketplace where you can take advantage of computing resources and the blockchain as well, are there any plans on introducing smart contracts? Will it help the grid? Is there a place for it?
A: This has been mentioned a few times in the past so it’s something on our radar, it’s currently not in the development timeline as the Colossus Grid is a massive amount of work. There may be a place for it as the blockchain industry evolves, and I can certainly see some cases where a smart contract can add some value to the Colossus Grid.
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Important Information:
Website
Whitepaper
Roadmap
Business Plan
Wiki
Governance
Partners
GitHub
What is ColossusXT? (YouTube)
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Follow ColossusXT on:
Twitter
Facebook
Telegram
Discord
Forums
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AMA History:
2018 Q1 2018 Q2 2018 Q3 2018 Q4
2019 Q1 2019 Q2 2019 Q3 2019 Q4
2020 Q1
submitted by PioyPioyPioy to ColossuscoinX [link] [comments]

Removed comments/submissions for /u/davecurtains

Hi davecurtains, you're not shadowbanned, but 4 of your most recent 15 comments/submissions were removed (either automatically or by human moderators).

Comments:

ckgovlq in AskReddit on 12 Sep 14 (1pts):
I've been shadow banned by reddit. You will never see that I have no clue why.
cjeeo56 in bristolcycling on 01 Aug 14 (1pts):
What utter nonsense. Talk about pulling numbers out his arse to make himself look good.
cgd7zg7 in BitcoinMarkets on 27 Mar 14 (1pts):
This looks like we are heading low 500s now. :( What has triggered all the big sells I cant see any major news?
cfdmiqw in BitcoinMarkets on 12 Feb 14 (1pts):
Transferwise had suspended trading to Bitstamp ages ago citing Bitcoin related transactions were banned. I wouldn't be surprised if Kraken follows soon, but then make the most of it while it works I...
I'm a bot. My home is at /CommentRemovalChecker - check if your posts have been removed! (How to use)
Help us expose and stand up to social media bias and censorship!
submitted by MarkdownShadowBot to CommentRemovalChecker [link] [comments]

Lessons learned - Crypto and Divorce - In January I was a millionaire thanks to BTC, then my wife divorces me and now I have $30,000 AMA

Crossreferencing u/nanoissuperior He wrote earlier today: https://www.reddit.com/CryptoCurrency/comments/a3n6uw/in_january_i_was_a_millionaire_thanks_to_nano_now/
Title: In January I was a millionaire thanks to Nano, now I have $25,000 AMA

I was replying to his post, but my reply ended up being a bit too large as a reply and steered off-topic, albeit an interesting one. So I decided to make it its own post, because there may be a good lessons to be learned and hoping some will come forward with good information to be shared.
I hope it can help anyone on this sub avoid the costly mistakes that I made. Here it goes: FLAIR: LEGAL (not in the list)
----
u/nanoissuperior are you who I think you are? I won't give out any further identifying clues, but I happen to know someone in the exact same position that could have written that exact same headline. If you read the first paragraph, you'll know if you know me.
The person I know bought Nano really early, based on a tip from a friend. I got in much later. By the time he told me it had already spiked to the $5 range, when I ended up buying. I then sold in the $20's so it was a good buy nonetheless. We were former colleagues at a large, large software company somewhere in the PNW, I left the company to venture out on my own and try to launch some projects I had in mind and relocated overseas for a few years. We lost contact with each other during my time away, but we connected again during the market runup and started exchanging coin information on a daily basis during the big bull run of late 2017. That was a crazy time.... the market trend was a few degrees short of vertical for pretty much all coins!

Hey, guess what? Now that I think about it, I could have written that same headline myself! In January 2018 I was a Millionaire too! Not with Nano, but thanks to purchasing a good chunk of Bitcoin in 2011 at $1.20 each. I ended up a single digit millionaire with what I had left in Bitcoin around January of 2018.
And, just like you, today, from all that wealth, I have about $30.000 left, with little to show for. Can we call that even? Although my disaster was not caused entirely by market fluctuation; Mine is a more complex story and I am going to mention it, because hopefully, it could serve as a lesson to be learned for any crypto holder out there, so they don't make the make mistake I made: Don't trust anyone. Always be skeptical and watch out for your own interests. Anyhow, here it goes:
After 5 years overseas, I had enough and wanted to come back to the States. My wife stated her preference to stay abroad, but eventually, she conceded albeit reluctantly. We chose a small town in CO to settle, and landed in November of 2017. We had plans to settle down and considered purchasing a home with my/our new fortune, based on the market price during that period. At the same time, I was also hesitant about the inherent tax payments due caused by such large liquidation. I was trying to have to pay taxes as far away as possible. So, I decided to wait till New Year's Eve and started liquidating my crypto on January 1st, 2018 right after midnight. This way, I would have 16 months (till April, 2019) to pay any capital gains taxes, and I was confident at the time that the market would give me that for free, especially at the pace that it was going. I have been an early adopter and have since then acquired the high levels of verification and trading limits per week, with many exchanges, but for a large sum like this, I needed several separate transactions, over the course of several weeks, especially wanting to do it with a US-based exchange that was linked to a US bank accounts, to avoid overseas wire transfers, meaning more fees. (Yes, I did look at all OTC options, but for reasons not relevant to the story, I couldn't make it happen, so I had to use the traditional Exchange channels for asset liquidation).
My wife and I, initially had some fundamental disagreements on the gross amount to be spent and the type of property we should be purchasing. I wanted a smaller place, with a denser, younger community, where there'd be kids our son's age for him to play. She insisted that we should go big; we had been traveling for so many years, and we had not been able to call any of our past residences our home. It was time to settle and nest; She convinced me that we should own a property of our own that we would be proud of living in for years. One that we could own outright and would not easily outgrow. We ended up splurging and purchased in cash two luxury cars for ourselves and set our sights on a large dream house in the city's Golf & Country Club, free and clear, for us and our two kids. I don't even play golf, nor do I even like it, but, if it makes her happy and it is within the safe margins of making it happen, I figured, why not? My concerns were largely financial and the numbers were adding up. It was a bit tight against my personal safe margins, but, at the same time, I was imagining to never have to make, or even have to think about, a car or home mortgage payment ever again! Bitcoin is on a roll and there is no sign of it stopping. Fine. Let's do it, before I change my mind.
Now, I admit I was extremely lucky with choosing the time of when to sell the assets. I had no clue the market would take a dive in February, and so it seemed to many that I had timed the market perfectly, selling most of my coins in the first two weeks of January of 2018. Many called me a genius for selling at the very top, as if I had some sort of wisdom to know when it would drop; the truth is much less flattering; it was nothing but dumb luck, based on me wanting to pay taxes in 2018 and defer to 2019. Awesome, well done! Yeah? well, slow down, son, not so fast.
So, I gather the 7-digit lumpsum in January 2018 and we write a check for the full amount at closing in February on the property of her dreams. A property that could easily be showcased on a luxury Real Estate magazine cover. Also, remember we had just moved back to the United States with just a few suitcases each from overseas. We had no furniture, kitchenware, curtains, TV's, bed sheets, winter clothing and so many other essential things that one usually purchases over time, but which we now had to purchase all at once. Not a problem, Bitcoin had dropped slightly but still well above $15k, I believe, at the time. And, earlier, in January, I had diligently taken this expense into account and effortlessly set aside a small fortune for equipping such a large house with everything we would ever need, brand new. It seemed we were protagonists of one of the Home Makeover Shows.
Finally, after working day and night, prepping the house non-stop for days and when every piece of furniture had finally arrived, been unpacked and carried to its corresponding room, it seemed most of the essentials were in place and the hard work was done. I longed for pouring myself a Scotch and to finally sit down and enjoy the fruits of my labor. I head downstairs to the dedicated walk-in, cigar-humidor / wine / Scotch cellar in the basement and grab the better bottle of Whisky of the few bottles of Scotch that I had bought earlier in the week. On my way up, I remember feeling a sense of calm, combined with a glow of excitement and this undescribable profound inner peace, all at once. This was such a rare, natural, non-drug induced high that I had never experienced. It felt so good! This sense of accomplishment of achieving that one thing I had been chasing and longing for my entire life. I had expected I would be chasing this goal for the next 15-20 years, and yet, here it was. No, where I was, was even better than expected! A place where not even my parents, who still have to make their monthly mortgage payments. I had done it! With a smile from ear to ear, I take a deep breath of relief and while looking around the property, I think to myself: "It's perfect, everything is in place and I can finally call this our home. We are so lucky and we are going to live a great life. A life that few can only dream of. So many concerns will be lifted and become redundant. Everything will be better. I'll start a fire in one of our two fireplaces and I am going to begin enjoying my semi-retired life with the first sip of my drink. That will be the official start of our new life".
I head over to the kitchen to get a glass and some ice cubes, while I struggle to find which one is the freezer among the many drawers in the kitchen. It was then when I notice a handwritten note placed front and center on the kitchen counter. It is from my wife and read: "There is no easy way to say this, so I am just going to say it..... I want to legally divorce [ ...]". It continued saying that she had taken our son, and had unequivocally decided to leave me. She had already filed the paperwork for divorce and that I should expect to be served in the morning.
My bliss had lasted less than 5 minutes and in less than two seconds, it turned dark, somber and I saw it all crumbling down in front of me. Like a long-awaited rocket launch, years in preparation, which then unexpectedly explodes on the launch pad during the countdown. My stomach, heart and everything in my body just sank and melted into one ball of poison in my core. I felt like throwing up. I was completely blindsided; she had played the game all along, not giving me the slightest hint of what was being concocted in the background. She had already engaged with her lawyers weeks beforehand. Her mother was already in town from another state to help out with I don't know what. I had been gaslighted and was threatened by her that I needed to see a psychiatrist due to a change in my temper that I had supposedly developed - my temper was awesome: with BTC at that price? Everything was perfect! But I obeyed and went anyhow (this would later fit her story that she had to leave with the child because she feared for her safety due to my supposed temper for which I was under treatment, therefore, I must have this temper problem, see?). Also, the purchase of the overpriced home also seemed clearly premeditated: Price was the main driver of the decision making; not location, demographics, taxes, etc. It was the wrong neighborhood for us (people much older than us, retired, golfers and no kids the same age as our son to play with). Our house happened to also be the most expensive in the neighborhood. I can see it all so clearly now.
See, your crypto coins on the blockchain, are not within the US court's jurisdiction (or, at least, it's quite debatable - a gray area - ask me for the seed and I can tell you that I may have the seed, or that I may not have the seed, I may have the wrong seed, I may have forgotten it, I may have lost it - you can't prove I did not forget, or lost it, etc). However, once it is in FIAT in a bank, or invested in a property, the courts can rule on the asset(s), freeze, disburse or order a sale of the property, etc. It's done all the time.
Also, the coins were technically mine, and by definition private property (not to be divided during the divorce) as they were acquired before the marriage. I could not prove its origins (I bought many of them via direct messaging members on Bitcointalk.org and mining rather than exchanges, so no records, receipts or nothing to prove otherwise: the big exchanges like BitStamp and Coinbase didn't start operations till 2013, if I m not mistaken. Instead, I would talk to one of the forum members offering coins we'd agree on a price, I'd send a check to wherever the individual seller instructed me to (Russia, Bulgaria, Japan, UK. etc) and the coins would be deposited to whatever address I provided. Yes, it was quite crude at the time.
However, once I converted my coins to cash and used that cash to buy a property for the benefit of the family, it became common property and thus she then had rights to a portion of it when divided between the two parties should a divorce occur - which ended up being almost 3/4 of all assets.
I was robbed in broad daylight. By the one person, I trusted with my life. The one you should trust with your life. Your life partner. And while I was in complete denial, trying to bargain, I waited too long to obtain good legal representation. When I finally ended up getting a lawyer, I was quite distraught and I clearly did not do the proper research and this resulted in a less than stellar performance and detrimental to me at many key steps in the process. I had to switch legal representation right before mediation and I can't blame my new lawyer either, as (s)he did not have the required time to catch up on all the details, (s)he did his/her best, but I was ultimately strongarmed into conceding my soon-to-be-ex-wife to let her return to the house, in exchange to obtain 50% of my son's custody, with serious and strict clauses I had to abide by. So, I had to move out, find a hole in the wall in a student apartment, pay my rent and pay our kids pre-school, while she lives grandiose, without monthly payments in the country club, till the house sells, which will likely be in the spring of next year. Nice!
Due to my delay, legal mishandling and somehow every other element in her favor, she inexplicably ended up with around 3/4 of the worth of all assets, free and clear, no taxes due. Mind you, she has never financially contributed, nor made a single $ during our entire marriage. She has never worked and had $0 in her pocket when we married. She didn't even have a checking account, well in her thirties. She is no dummy; she is street smart, knows how to manipulate people, get her way with flirting and charm, while I am more intellectual and book smart. and She beat me hands-down. She is walking away with a sum of, not quite 7 figures, but close.
With what I am left with from the sale of the house, I am responsible to pay for all the capital gains taxes from the liquidation to the IRS, which are due in April 2019. I don't expect there to be more left over than the estimated $30k mentioned above.
Hate the market all you want, I made peace with the market and am keeping busy at hating my ex for a while for putting me in the same situation. She tripped me 1 yard before the finish line and pushed me in the prickly bushes, to cross it by herself. Go figure. When I am done hating her, I'll get back to rebuilding my life again from scratch. I am not worried, I have done it before. Just pissed, I was so close and that I was so naive to not see it coming.
Sorry, I am not meaning to hijack the thread, just wanted you to know that others may have lost more than just "free" money; money we didn't really have to work for. We were the lucky ones. It is what I keep telling myself to stop me from jumping off a bridge.
PS - Woah: Sorry for the wall of text; I was just going to write the first paragraph and ended up venting about my current situation. I know, I should take this issue to /depressed, /exes or /whereisthenearestbridgeIcanjumpfrom.
Hopefully, this can be a lesson to those holding crypto and some can learn what NOT to do. I learned the hard way and was left with nothing. Don't be a nice guy. Don't trust anyone with your crypto. Anyhow, I am sure either our vigilant subreddit bot, or one of the mods will remove my post for not adhering to rule, and if not, I am sure that you fine people will downvote me to hell. Go ahead. Take away from me the little Karma I left too! Thanks!

I learned many lessons, but here are some key ones [IANAL - any crypto-educated AL opinion appreciated here, thanks] :
- Understand the concept of private property - property you acquire before getting married. INAL - this depends on the state legislation, but it is hard to prove with crypto, especially if you obtained your crypto through foreign exchanges, outside of legal jurisdictions, the petitioner might not understand or willing to invest in obtaining subpoenas and requests to businesses operating overseas, as this may result costly.
- Get a lawyer who understands, or is willing to understand crypto, its benefits of being somewhat unreachable and how that can work for you. Don't let them shortchange you with: "well, let's just convert the rest to cash, because that I understand" type of reasoning.
- If you do go to mediation, the above applies as well. This arbitrator or mediator needs to be one that understands the intrinsic details of crypto - for example, during the ATH, I bought 6 digits worth in $USD of Stellar. I used the very first version of the software, supporting Stellar on my hardware device, and put it all in a cold storage wallet somewhere around January. I routinely checked on my coins on the blockchain and they are there. A few months later, I try to access my account and the device returns a different public address, which contains 0 funds. I am still trying to debug this issue with the manufacturer, but the fact is that I was accused of hiding these coins or negligence and was demanded that I paid half of what was lost. or not lost, out of my pocket for money that I didn't have access either. I tried to explain it in the simplest terms, there are risks involved with using first come software. There is no 1800 number, mo tech support. no CEO, no, you can't call the BBB and complain, etc and no one seemed to be able to understand, nor willing to either. It became a huge roadblock for which I had to concede, not cash, but a concession, I was not wanting to concede. The petitioner leaned on the fact that I was either wilfully cheating or stupid enough to lose the coins and managed to create enough doubt in my character and integrity and there was nothing rational I could explain that she, or anyone else in the room would understand. Perhaps mutually contracting a seasoned crypto expert that can offer a neutral view and give his/her opinion might be worth considering. Andreas, where were you when I needed you? :)
- Other examples were some coins I had bought in 2012 and gifted to some of her family's kids. I was holding these, till they would turn 16 for them to pay themselves their college, or so I told them. These coins were demanded back by the petitioner. Ok, I suggested that I would send them, but with a CHECKLOCKTIMEVERIFY value with a block height of let's say,10 years from now, out of fear that she would spend the coins and the kids would never know (they are toddlers). No one understood what I was talking about, I was made out the crazy one, I gave up, sent her the coins, unlocked and, just as I expected, within 20 minutes of receiving them, she spent $1200 worth of it (for a flight, I think). If you are the only one speaking your language, no one is willing to listen or make an effort to understand you.
- It appears my coins were private property, which means, that I acquired them before the marriage and in case of divorce, if I have not moved them or used them for the common good of the marriage, then they remain mine. However, I liquidated them and cash ended up in my checking account to be used to buy groceries, cars and eventually a house, and it is then that they became common property. Only once they landed in my checking account on which she is named on. It appears that had I taken proper legal precautions with documentation, or a company/trust, where that money would have gone, instead of my checking accounts, elsewhere, I would have still been able to be the legal proprietor of the resulting cash. I can't quite remember the details, but it as something that was explained to me afterward, and I honestly think I just tuned it out, because it made me sick to know I could have held on to my wealth. Perhaps a lawyer can chime in? Again, much of the lack of information and every misstep taken was because of dealing with people that are accustomed to traditional assets and will not deviate from it. Crypto is different and is treated differently. It is so important to know the strengths and weaknesses when going into litigation about something that people don't understand.
- Some more I can think of, but this post is getting way out of hand in size. Feel free to comment/suggest your own and I'll add more to the comments.

Credits to: u/nanoissuperior Thanks for your post, it inspired me to write this one. Anyone, any karma you feels needs to go his way, for providing the source of inspiration, please give to O-OP.

TL;DR: Wife, having contributed $0 during entire marriage, waited until I cashed out all my crypto at the top of the bull market in January 2018, for a nice seven-figure amount, and then immediately divorced me for the money.

Edit: added TL;DR
submitted by mijalis to CryptoCurrency [link] [comments]

what happened tonight at 3 AM on the EUR pairs?

looks like a lot of people got f*** today at 3AM, ltc down to 1,5€ ? what happened? will you refund people on those flash crash? what are your actions to prevent further flashcrashes? Will there be an official statement?
submitted by _mawe_ to BitstampOfficial [link] [comments]

3commas crypto trading bot review 2020-The best crypto trading bot

3commas crypto trading bot review 2020-The best crypto trading bot
3commas crypto trading bot review 2020 is detailed and comprehensive review of 3commas trading bot, covering all its features and important topics

3commas crypto trading bot review 2020
LETS BEGIN
3Commas crypto trading bot provides access to a variety of trading tools to crypto trader to improve their crypto trading strategy. When used properly, these tools can maximize crypto trader profits and reduce your risk of loss.
3Commas crypto trading bot is best known for its trading bots. In this 3Commas review, we examine the features that make this platform so powerful.

Crypto trading bot

Crypto trading bot have received a lot of attention lately due to advances in their algorithm and growing success rate.
Nobody can watch the market around the clock, and the volatility of the crypto space makes it possible to take losses or miss opportunities in seconds.
Fortunately, a well-programmed crypto trading bot can take over the control while you sleep, eat, or do other activities
As a 3Commas user, you can copy the trading of other bots on 3 commas, automating trade orders, and track top portfolios.
With these handy protocols, you can pre-program your trading strategy based on loss and profit percentages, price points or a variety of other market conditions.
The 3Commas crypto trading bot has over 33,000 registered users with a daily trading volume of around $ 10 million.

3Commas pricing

The below image shows the 3Commas pricing in detail

3commas pricing

3Commas crypto trading bot feature

  • Automated trading around the clock: The main feature of 3Commas crypto trading bot is that you can automatically trade 24 hours a day, 7 days a week.
  • 23 supported exchanges: 3Commas supports 23 major cryptocurrency exchanges, including Binance, Bittrex, Coinbase Pro, BitMEX, Bitfinex, Poloniex, Bitstamp, Bybit, Cex, Kraken, KuCoin, OKex, Huobi, Exmo, Gate.io, HitBTC and YoBit (also) Binance DEX, Binance Jersey, Binance US).
  • Simultaneous Profit Taking and Stop Loss: Adjust trades with profit or stop loss commands to secure profits or minimize losses.
  • Trailing Take Profit and Stop Loss: Customize Stop Loss and commands with Trailing Take Profit and Stop Loss so that the limits automatically increase when a coin rises in price.
  • Sell ​​by multiple targets: You can Sell your coins by multiple targets.
  • TradingView signals and charts: With 3Commas you can display simultaneous exchange rate charts and TradingView signals in a single window.
  • Paper trading: 3Commas has a paper trading feature that allows you to fully test the platform's trading features before actual purchasing.
  • Simple and compound bots: 3Commas offers simple bots with which you can execute a trade pair and compound bots with which you can execute several trade pairs
  • Long algorithms and Short algorithms: 3Commas trading bot can use long or short algorithms. Using long algorithms, the bot buys a coin with the settings you have created and then lists orders for sale at a higher price. With 3Commas you can implement short algorithms. The bot sells a coin after you create settings and then places a purchase order at a lower price
  • Analyze and copy bots: 3Commas crypto trading bot can analyze performance and then view and copy other bot settings via 3Commas
  • Create and customize portfolios: With 3Commas you can create portfolios with any number of coins.

How to use 3commas crypto trading bot

Get started with 3Commas
Creating an account is a straightforward process. On the main page, at the top of the page, is the green "Create Account" tab.

  • Create an account
Visit the 3Commas trading bot website and enter an email address and password to register.
After confirming your account by clicking the link in the email you sent, you will have access to the dashboard.

https://preview.redd.it/wbnl0whxcfi41.png?width=800&format=png&auto=webp&s=37d2a6867ecdcc46351e5acf7db4747182d422c7
Sign up here

  • Choose the bot type
There are four types of trading bots: short, simple, composite and composite short bots. A simple 3 commas trading bot can trade only in one pair, while composite bot can trade on multiple pairs

  • Connect an Cryptocurrency Exchange:
Use your API key to connect your crypto exchange with 3commas
3commas crypto trading bot have different features for different crypto exchnage, see detail in image below

3commas bot review 2020

  • Choose a trading pair and set the base trading size
You can select the trading pair you want your crypto trading bot to trade from the drop-down menu, and then tell your crypto trading bot how much of your preferred currency you will use during your first trade

https://preview.redd.it/v14b6qdpdfi41.png?width=737&format=png&auto=webp&s=a53ae697a779597a4b2ab69412e39c3d8e5ef92a

  • Set target profit
Before you do this, you should set a safety size because you can do more controlled purchases after a dive. If a trading pair is selected by ETH / BTC and the price after the purchase of ETH falls below the original purchase price, you can use security transactions to buy more ETH with the BTC amount specified in the size of the security trade.

3commas crypto trading bot review
You can then set the target profit, which informs the crypto trading bot, in percentages, when to sell. If a target profit is set at 3%, the crypto trading bot will automatically execute a sell order as soon as this profit is realized

  • Select the type of profit taking
There are two take profit options that represent a percentage from base trading or a percentage from total volume

  • Set the maximum number of security transactions
This informs the 3commas crypto trading bota of how many security transactions it can perform before stopping, and the maximum number of active security transactions tells the merchant bot the number of active security transactions it can perform at any given time

https://preview.redd.it/0gye86zfffi41.png?width=739&format=png&auto=webp&s=37481a91f4006d2ca54e6bb5f47605452e50cd8e

  • Set the price variance to open security deals
This tells the 3commas crypto trading bot when to start executing security transactions and is set as a percentage. If set to 3, if the price of the selected currency falls 3% below the original trading price, the trading bot will start executing security transactions.

  • Set the trading start conditions
This informs the bot when the first trade should be completed and there is a choice between TradingView Signal Buy or Strong Buy, TradingView Signal Strong Buy, Manual or Open New Trade ASAP.

https://preview.redd.it/60xcqvusdfi41.png?width=730&format=png&auto=webp&s=97be8152c9129dc0260cca9d262986d0a502d3b5
If you follow these steps, a 3commas crypto trading bot can be configured in just a few minutes and the whole process is so simple that more beginners can successfully follow. The platform is still detailed enough to attract experienced traders as well.

How safe is 3Commas?

It should be noted that you actually do not have any money on the 3commas and your trading bots cannot withdraw from your linkedaccounts.
Like other trading bots, your 3commas crypto trading bot connect to your Exchange accounts via the API and then carryon automated trading on the exchanges you linked
These keys provide trading bots with limited access to user accounts to conduct trades only and do not grant bots any withdrawal rights.
This also means that if your account is compromised and nefarious actors could take control of your trading activities, they still cannot access your exchange accounts directly to make withdrawals.

Is 3Commas for beginners?

The platform is generally fairly easy to navigate even for new cryptocurrency trader, and the trading bots are easy to set up.
Various functions are easily accessible from your account. You can connect to an exchange at the push of a button and set up intelligent trades and bots.
The dashboard is also clear and users can quickly select their preferred tabs and functions from the side window.
In addition, features such as bot analysis, which lists the best performing bots and trading pairs as well as the market, are well executed and easy to understand. While the portfolio creation, tracking and social trading features are suitable for both new and experienced traders.

Conclusion

Most Crypto trading bot are difficult to use. However, 3Commas has created a trading bot that is easy to set up, customize, and easy to use.
It is also reliable compared to its lower quality competitors and is one of the best crypto trading bot
3Commas is considered the most reputable trading bot
The 3commas is completely transparent in terms of operation and location, and we know exactly who is running the company. We also appreciate 3Commas customer service, which is available 24/7 through several contact methods.
As mentioned above, there are inherent risks when trading cryptoassets. However, since many expect Bitcoin price to rise in the next few years due to halving under other driving factors it may make sense to start with a proven trading system like 3commas to see if You can earn more Bitcoin and see how the value increases in the future.
With features like portfolio creation and tracking, bot customization, best compatibility with cryptocurrency exchange and much more, 3Commas is one of the best trading bot platforms available today.
ViSIT 3commas Crypto Trading Bot
submitted by jakkkmotivator to thecryptobasic [link] [comments]

wtf is going on over at btc-e?

Seems like bot(s) have lost their mind (huge volume), if I recall right btc-e still has fees on every trade. It has been going on for a few hours now.
submitted by Nous322bc to Bitcoin [link] [comments]

Barry Silbert on Twitter: "24hr bitcoin trading volume on new @Coinbase Exchange has eclipsed Bitstamp and BTC-e for first time (I believe): https://t.co/vJz2bZanG0"

Barry Silbert on Twitter: submitted by Egon_1 to Bitcoin [link] [comments]

Bitcoin Cash: A Reflection on How Far We’ve Come

On August 1, Bitcoin resumed its original roadmap, scaling on-chain towards global adoption as Peer-to-Peer Electronic Cash.
It’s been just 3 and a half months since Bitcoin Cash broke away from BTC in order avoid a software mutation called Segwit, and to restore progress and growth to the ecosystem.
After a recent price rally that saw us reach 0.5 BTC ($3000), the reality is setting in that an overnight ‘flippening’ scenario that some people hoped for is unlikely, and that we have a longer road ahead.
It’s really important to remember how much has been achieved in such a short time.
Let’s take a moment to reflect on how far we’ve come as a young community.
July:
August:
September:
October:
November:
This rate and scale of industry adoption is unprecedented.
With every BTC holder receiving an equal amount of Bitcoin Cash, and with the price over $1300, the rate and scale of user adoption is unprecedented.
With fast, reliable transactions and fees that are less than 1 cent, and with both BitPay & Coinbase hinting at a full Bitcoin Cash integration, the rate and scale of merchant adoption will be unprecedented.
With unprecedented industry, user and merchant adoption, it’s only a matter of time until Bitcoin Cash becomes the default medium of exchange and store of value cryptocurrency.
The old Bitcoin is back. You can feel it. It’s the resurgence of a grassroots movement not seen for years. People are putting Bitcoin Cash posters in the streets, handing out leaflets, tipping strangers a few dollars online, and asking in forums how they can contribute to the community.
Just in the last couple of days a ‘Bitcoin Cash Fund’ was established, to assist with marketing and projects. The initial goal was $200 to make a short animated advert, but over $17,000 has been donated already. All of this positivity and energy is inspiring.
While businesses are being forced to abandon BTC due to exorbitant and skyrocketing fees (upwards of $10), they’re being cheered on every day as they embrace Bitcoin Cash.
The original vision is still alive. As an early bitcoiner, I’ve never been more optimistic.
Make sure you involve yourself in the community, we’re just getting started :)
Reddit: BTC or BitcoinCash
Twitter: twitter.com/BITCOINCASH
Website: bitcoincash.org
Dev: Mailing List
Also posted on Yours: Bitcoin Cash: A Reflection on How Far We’ve Come
submitted by cryptomic to btc [link] [comments]

How does the price of Bitcoin rise and fall at the same time in different exchanges and in different time-zones at the same time to a same degree?

Reason 1: Could be Stop-Loss orders
Reason 2: Trading Bots [I'm very new to this tech, so this is pure speculation]
Q: How do people from different time-zones know to sell at the exact same time and up to an exact point?
The drop that happened on January 10, 2019, caused the price of Bitcoin to fall by an approximate $406 if I remember it correctly, and a whopping $223 in an hour.
I checked Coinbase, BitMEX, Bitfinex, Bitstamp, all showed the exact amount of drop at the exact time [be it one-hour, one-day, 15 min charts].
Can someone explain this?
submitted by mahad3v9 to Bitcoin [link] [comments]

Over the last 6 weeks I've written a functioning Crypto trading bot in VB.NET and here are some of the important tips & things I've learned and some VB.NET code for you to use.

I started on December 18th when I was playing about with Google Sheets and pulling prices from exchanges using the CRYPTOFINANCE() plugin... it was slow, clunky and the data was wildly old - I knew I could do something better in VB.NET but at this point had absolutely no idea where to start, no idea about trading, no idea how exchanges or API's worked and no idea just how bad I was at programming. I've asked a lot of dumb questions, I've lost a bunch of money making mistakes & learning as I go... Fast forward to today however and I have a fully functioning, cross-exchange trading bot. Sweet!
1) Truncate your numbers, don't round.**
Hindsight makes this seem so obvious to me now, but when you're working with Bitcoin balances to 8 decimal places, exchange rates to 5 decimal places and sums that can increase your decimal places exponentially, it helps to be precise. Even an extra 0.00000001 in the wrong place can cause an exchange to reject your request. Honestly if I'd have realised this sooner I'd be about 2 weeks ahead right now and nowhere near as bald.
The below functions in will truncate any decimal number with no rounding:
Public Function Trunc8(numbertoTuncate As Decimal) As Decimal Return Math.Truncate(numbertoTuncate * 100000000) / 100000000 End Function Public Function Trunc5(numbertoTuncate As Decimal) As Decimal Return Math.Truncate(numbertoTuncate * 100000) / 100000 End Function 
** Absolutely do round when exchange such as Bitstamp does it's fee calculations in spot USD price. Below is the logic I use to do this:
Dim amount_btc As Decimal = BTCtoSpend / ASK ' Full amount in BTC Dim fee_btc As Decimal = amount_btc * 0.0025 ' Get 0.25% of the BTC amount Dim fee_USD As Decimal = fee_btc * BitstampBTCUSD ' Convert to USD Dim round_USD As Decimal = Math.Round(fee_USD, 2, MidpointRounding.AwayFromZero) ' Round up Dim round_BTC As Decimal = round_USD / BitstampBTCUSD ' Convert back to BTC Dim amount = amount_btc - round_BTC ' minus the fee 
2) Websockets are your friend.
It's really easy to query Bitstamp or GDAX's API for the prices(Last/Bid/Ask). The query might take a 3rd of a second to get there, a 3rd of a second to get back - by the time your software has interpreted it it may have been nearly a full second. The prices you end up being sent back can some times be stale/out of date. Couple this with the API rate limits (Once a second on Bitstamp if you end up polling it continuously) and you can soon end up with stale information. The websockets allow the exchanges to push information to you, in real-time, as it happens. Seriously, they're fucking rad and you can query that data til the cows come home. Millisecond timers FTW!
Bitstamp uses Pusher, GDAX is a plain old web socket. It took me an age to figure it out, and honestly I've done it rather arse-about-tit, but here's the code I ended up using:
Bitstamp:(You'll need PusherClient from Nuget)
Imports PusherClient Imports Newtonsoft.Json.Linq Public WithEvents pusherClient As New Pusher("de504dc5763aeef9ff52") Public WithEvents BitstampLTCBTCOrderbook As Channel Public WithEvents BitstampLTCBTCTrades As Channel Public WithEvents BitstampBTCUSDTrades As Channel Public WithEvents BitstampEURUSDTrades As Channel pusherClient.Connect() Public Sub pusher_Connected() Handles pusherClient.Connected BitstampLTCBTCTrades = pusherClient.Subscribe("live_trades_ltcbtc") End Sub Public Sub BitstampLTCBTCTrades_Subscribed(Sender As Object) Handles BitstampLTCBTCTrades.Subscribed BitstampLTCBTCTrades.Bind("trade", AddressOf BitstampLTCBTCTrade) End Sub Public Sub BitstampLTCBTCTrade(data) Dim jss = JObject.Parse(data.ToString) BitstampPrice = CDec(jss("price_str").ToString) BitstampLastAmount = CDec(jss("amount_str").ToString) End Sub 
That's basically it - the different channels are all documented in the API and you can format the JSON til your little crypto heart's content.
GDAX:(You'll need Websocket4NET from Nuget) P.S. I know my sending raw JSON is a fucking abomination.
Imports WebSocket4Net Imports Newtonsoft.Json.Linq Public WithEvents websocketGDAX As WebSocket websocketGDAX = New WebSocket("wss://ws-feed.gdax.com") websocketGDAX.Open() Public Sub gdax_Connect() Handles websocketGDAX.Opened Dim Data As String = "{ ""type"": ""subscribe"", ""product_ids"":[""BTC-EUR""], ""channels"": [""heartbeat"", { ""name"": ""ticker"", ""product_ids"": [""LTC-BTC""] }]}" websocketGDAX.Send(Data) End Sub Public Sub gdax_Data(sender As Object, args As WebSocket4Net.MessageReceivedEventArgs) Handles websocketGDAX.MessageReceived Dim jss = JObject.Parse(args.Message) Try If jss("type").ToString = "ticker" Then Select Case jss("product_id") Case "LTC-BTC" GDAXPrice = CDec(jss("price")) GDAXBid = CDec(jss("best_bid")) GDAXAsk = CDec(jss("best_ask")) GDAXLastSize = CDec(jss("last_size")) Case "EUR-USD" GDAXEURUSD = CDec(jss("price")) Case "BTC-USD" End Select End If Catch ex As Exception Exit Sub End Try End Sub 
Again, that's kind of it. Some proper error handling wouldn't go amiss, but I'm lazy and I use GOTO's all over the shop anyway so I'm basically a terrible human being.
3) Hashing. Fucking Hashing.
Ok so basically when sending authenticated/private API calls you need to hash bits of the message in order to prove authenticity. This was a bitch to try and cobble together the right code. Here, have it. It's yours:
Imports System.Security.Cryptography Imports System.Text Module Hashing Public Function HMACSHA256_Encrypt(ByVal message As String, secret As String) As String Try Dim secretkey As String = secret Dim sha As New System.Security.Cryptography.HMACSHA256(System.Text.ASCIIEncoding.ASCII.GetBytes(secretkey)) Dim Hash() As Byte = sha.ComputeHash(System.Text.ASCIIEncoding.ASCII.GetBytes(message)) Dim sb As New StringBuilder(Hash.Length * 2) For Each B As Byte In Hash sb.Append(Hex(B).PadLeft(2, "0")) Next Return sb.ToString.ToUpper Catch ex As Exception Debug.Print(Date.Now & " SHA256_Encrypt error " & ex.Message) Return Nothing End Try End Function Public Function HashString(ByVal str As String, ByVal secret As Byte()) As String Dim bytes As Byte() = Encoding.UTF8.GetBytes(str) Using hmac = New HMACSHA256(secret) Dim hash As Byte() = hmac.ComputeHash(bytes) Return Convert.ToBase64String(hash) End Using End Function End Module 
Top one for Bitstamp, Bottom one for GDAX. They differ slightly in the way they do things and the output they provide, hence there being two. Don't ask me what they do, couldn't tell you. Not a clue.
4) Verbose logging. Verbose logging. Verbose logging.
So you've made your bot, hit the button and....nothing. Now these things don't happen instantly; Even if you place an order at Ask or Bid, it might be minutes, even hours until it gets filled. Maybe your bot keeps erroring out and you don't know why. Write yourself a little logging function that you can copy and paste into your functions & subs that outputs the data you're sending and the data you're receiving along with a timestamp so you can debug if stuff isn't working. Again, I'm lazy and shit and this took me way longer to realise than it should have.
5) Don't be afraid to ask questions.
One of the biggest things that totally blew my mind was just how closed up some people are; on Reddit, forums, discord rooms... you name it. There's this weird stigma about people who trade & write bots that if they share their knowlege they'll somehow be doing themselves out of returns. Don't be afraid to ask questions. Ask enough, and eventually someone will come along and help. For every 10 people who chastised me for asking for coding help, trading help or whatever, 1 person would help out - it's worth enduring the rough for that... also, fuck those 10 people.
6) God damn Nonce generation.
A nonce is basically a unique, yet increasing number. Again, this was all massive trial and error. Bitstamp nonces and GDAX nonces work slightly differently and are interpreted slightly differently. Here's the code I use:
Module Nonces Public Function GenerateStampNonce() As String Static lastnonce As String Dim newNonce As String = Replace(Math.Round((DateTime.UtcNow - New DateTime(1970, 1, 1, 0, 0, 0)).TotalMilliseconds / 1000, 1).ToString("#0.0"), ".", "") Do While lastnonce = newNonce Threading.Thread.Sleep(10) newNonce = Replace(Math.Round((DateTime.UtcNow - New DateTime(1970, 1, 1, 0, 0, 0)).TotalMilliseconds / 1000, 1).ToString("#0.0"), ".", "") Loop lastnonce = newNonce Return newNonce End Function Public Function GenerateGDAXNonce() As Decimal Static lastnonce As Decimal Dim newNonce As Decimal = (DateTime.UtcNow - New DateTime(1970, 1, 1, 0, 0, 0)).TotalMilliseconds / 1000 Do While lastnonce = newNonce Threading.Thread.Sleep(10) newNonce = (DateTime.UtcNow - New DateTime(1970, 1, 1, 0, 0, 0)).TotalMilliseconds / 1000 Loop lastnonce = newNonce Return newNonce End Function End Module 
It's dirty...I know (I like it that way) - however it just simply works. I'm sure there's a more elegant way of generating these but honestly I ran out of patience on this because it's so simple when you look at it once it works.
7) Don't bog yourself down with a GUI.
Seems kind of daft, but running a bot as a console app forced me not only to be more verbose, but also helped really train my though process in terms of what all the timers in the background are doing. Not to mention, if you're anything like me you'll probably end up bogging it right down with all kinds of unnecessary GUI crap... in fact my first bot that was a total failure had more code to make the GUI whistle and pop than it did quality trading code.
You need so little input for a trading bot besides a config file full of preferences that your only real commands for any kind of interaction are quite simply:
 Console.WriteLine() Console.ReadKey() 
7.5) Limit orders on GDAX - FREE! As in... no fees!
Some people act like this is some kind of trade secret (haha, puns) but if you put a limit order on GDAX you almost always pay absolutely no fees. If you want to GUARANTEE you pay no fees, have your order set to post_only=true. This forces the order onto the books, which means you MUST place it AT Bid/Ask (depending on direction) or above/below, it'll get rejected if you try and eat into the other side of the spread.
8) Async/Multithread your requests to the API's.
I haven't done this, so I have no code to share. But if you suddenly lose connection or there's a blip or whatever, there's often no way of specifying a timeout and it could potentially freeze/crash your application.
-----------------------------------------
I guess that's all I can think of. It might seem like simple, trivial stuff but when it comes to writing something in a language like VB.NET there's very little resources out there at all... I went through some pretty mind-bending trial and error that while fun and now rewarding, was very frustrating at the time.
All in all, writing a program that can interact with an exchange is a wholly steep learning experience and I've learned more in terms of my general programming ability and my knowlege and understanding of trading & exchanges in general than I had in months or even years before doing this.
Feel free to ask any questions, I'll try to answer them as best I can.
submitted by DotNetBarry to BitcoinMarkets [link] [comments]

[H] 10,000$ BTC [W] Keys at 2.04-2.06 Depending on amount, prefer bulk.

Hello guys
Looking to buy bulk keys, 500+ ( for total 2300~ or so ) Or maybe more if the price is right.
Key price 2.03-2.05 depending if a huge amount 2000k (2.04~ )+ or just 500~(2.05-6).
B/O 2500~ keys
Not a huge cashrep But i have a fair share of large transactions, had a few before creating a cash rep too.
Leave me a Trade offer with your BTC address and key rate or comment here or Add me to discuss.
submitted by Hungrybird420 to GlobalOffensiveTrade [link] [comments]

Bitcoin Cash: A Reflection on How Far We’ve Come

On August 1, Bitcoin resumed its original roadmap, scaling on-chain towards global adoption as Peer-to-Peer Electronic Cash.
It’s been just 3 and a half months since Bitcoin Cash broke away from BTC in order avoid a software mutation called Segwit, and to restore progress and growth to the ecosystem.
After a recent price rally that saw us reach 0.5 BTC ($3000), the reality is setting in that an overnight ‘flippening’ scenario that some people hoped for is unlikely, and that we have a longer road ahead.
It’s really important to remember how much has been achieved in such a short time.
Let’s take a moment to reflect on how far we’ve come as a young community.
July:
August:
September:
October:
November:
This rate and scale of industry adoption is unprecedented.
With every BTC holder receiving an equal amount of Bitcoin Cash, and with the price over $1300, the rate and scale of user adoption is unprecedented.
With fast, reliable transactions and fees that are less than 1 cent, and with both BitPay & Coinbase hinting at a full Bitcoin Cash integration, the rate and scale of merchant adoption will be unprecedented.
With unprecedented industry, user and merchant adoption, it’s only a matter of time until Bitcoin Cash becomes the default medium of exchange and store of value cryptocurrency.
The old Bitcoin is back. You can feel it. It’s the resurgence of a grassroots movement not seen for years. People are putting Bitcoin Cash posters in the streets, handing out leaflets, tipping strangers a few dollars online, and asking in forums how they can contribute to the community.
Just in the last couple of days a ‘Bitcoin Cash Fund’ was established, to assist with marketing and projects. The initial goal was $200 to make a short animated advert, but over $17,000 has been donated already. All of this positivity and energy is inspiring.
While businesses are being forced to abandon BTC due to exorbitant and skyrocketing fees (upwards of $10), they’re being cheered on every day as they embrace Bitcoin Cash.
The original vision is still alive. As an early bitcoiner, I’ve never been more optimistic.
Make sure you involve yourself in the community, we’re just getting started :)
Reddit: BTC or BitcoinCash
Twitter: twitter.com/BITCOINCASH
Website: bitcoincash.org
Dev: Mailing List
Also posted on Yours: Bitcoin Cash: A Reflection on How Far We’ve Come
submitted by cryptomic to Bitcoincash [link] [comments]

Market Analysis: Bitcoin (BTC) Encounters Strong Resistance at $3,700 Level During Rally, Crashes To $3,500. All Major Cryptocurrencies in the Red

Market Analysis: Bitcoin (BTC) Encounters Strong Resistance at $3,700 Level During Rally, Crashes To $3,500. All Major Cryptocurrencies in the Red

https://preview.redd.it/sd2ka44qknb21.png?width=690&format=png&auto=webp&s=db41a15d099a312c3ebe8c584809a92b30dc9553
https://cryptoiq.co/market-analysis-bitcoin-btc-encounters-strong-resistance-at-3700-level-during-rally-crashes-to-3500-all-major-cryptocurrencies-in-the-red/
Over the last 48 hours, the crypto markets have returned to a state of turbulence after several days of stable conditions.
The price of Bitcoin (BTC) rapidly rallied from $3,630 to $3,775 on Jan. 19. The entire rally lasted less than 30 minutes, suggesting it was fueled by automated trading bots responding to a short squeeze.
The price of Bitcoin (BTC) then stabilized towards the $3,700 level, which has been a dominant resistance level since Jan. 10. Today, Bitcoin (BTC) crashed from $3,700 to $3,470 and has since then recovered to $3,530. Overall, Bitcoin (BTC) is down four percent in the past 24 hours.
It is apparent that $3,500 is the support level to watch and $3,700 is the key resistance level, and these levels have been dominant for 10 days. It is possible that today’s crash is related to the CME Bitcoin futures contract expiration on Jan. 25.
It is generally observed that Bitcoin’s (BTC) price declines in the days leading up to a CME futures contract expiration. This is due to a practice called banging the close, where futures traders manipulate an asset to crash right before expiration in order to increase short-selling profits.
Certainly, January has been dominated by short sellers, with short positions likely taken out at the $3,900 level just after the December futures contract expired.
All other major cryptocurrencies are down today. Ripple (XRP) is down 3.3 percent; Ethereum (ETH) is down 4.2 percent; Bitcoin Cash (BCH) is down 5.5 percent; Bitcoin SV (BSV) is down 2.8 percent; EOS is down 4.7 percent; Stellar (XLM) is down 3.3 percent; Litecoin (LTC) is down five percent; Tron (TRX) is down 1.8 percent; IOTA is down 4.8 percent; Monero (XMR) is down 4.2 percent; Dash is down 5.9 percent; and Dogecoin (DOGE) is down 1.7 percent.
Dogecoin (DOGE) continues to show robustness in the face of broad crypto space declines with much less of a loss than other major cryptocurrencies today.
Ethereum (ETH) will likely continue to face turbulence in the coming weeks due to the Constantinople hard fork scheduled for late February. The fork is perhaps more unpopular than ever due to the fork being delayed as well as an accidental chain split.
The total cryptocurrency market cap has decreased to $120 billion, still 20 percent above bear market lows set in mid-December. Bitcoin (BTC) and the rest of the crypto market are only one crash away from retesting bear market lows, and a crash is quite possible considering the weakness in the Ethereum (ETH) market and the coming CME Bitcoin futures contract expiration on Jan. 25.
submitted by turtlecane to CryptoCurrency [link] [comments]

Why I believe we're on the cusp of the 3rd great Bitcoin bubble

We've recovered from the last crash
You might think it's a bit early (based on the time frame for the last recovery), but things are looking a lot different than in 2011. I would suggest its because the last bubble popped prematurely due to Mt. Gox's failure of a trading engine.
Interest in buying Bitcoins has gone up to its highest point since the last bubble.
There's a similar spike in general interest. Partly helped along by the Silk Road news.
The network is being used at the same rate as during the last bubble.
The Bitcoin ATM story (see below) is causing Bitcoin to trend in Canada on Google (was #1 for a bit). The $27 story (see below) will almost certainly cause a large spike worldwide in Google trends once they're updated up to yesterday.
Lots and lots of new businesses now accept Bitcoins
One legitimate criticism of Bitcoin last year was the lack of places to spend them. We basically just had Alpaca Socks, Reddit and Wordpress, we've grown a lot since then!
Charities and others are taking donations
The first Bitcoin I ever spent was to donate to Wikileaks. More and more places are setting up Bitcoin donation buttons, because why not?
The $27 story is going massively viral
I think the attention this story is getting took a lot of us by surprise. We're thinking "of course if you bought Bitcoins in 2009 you're rich" and it didn't make much of a splash. But to the rest of the world it's a very novel and interesting story.
The first Bitcoin ATM has been installed
Easier way for people acquire Bitcoins with cash. Lots of free publicity. More machines are on their way and will generate more and more news.
Institutional money is coming
Afraid with the price at $200 that it will be hard to find enough moms and pops to keep money coming in faster than miners are selling? Don't be, there are individuals out there with a net worth higher than the entire Bitcoin ecosystem.
Interesting new developments
Cool things that didn't exist before the last bubble (as far as I remember).
Governments are explicitly saying it's not illegal
More and more governments are either saying Bitcoins are legitimate currency, or releasing guidelines for exchanges to comply with anti-money-laundering laws.
New generation of exchanges
Mt. Gox's terrible trading engine was a huge factor in the last crash. They couldn't keep up with all the new interest.
This time around there are more exchanges in more countries, and not a single point of liquidity.
submitted by DTanner to Bitcoin [link] [comments]

Bitcoin Suddenly Roars Back

This is the best tl;dr I could make, original reduced by 32%. (I'm a bot)
Bitcoin, which has been swinging wildly throughout this week, has suddenly rallied back to over $8,000 per bitcoin, somewhat putting to rest investor and trader fears the recent bitcoin bull run may have already ended.
The bitcoin price has risen around 50% over the last 30 days, pulling many other major cryptocurrencies with it, including ethereum, Ripple's XRP, bitcoin cash, litecoin, EOS and binance coin.
Bitcoin, up around 10% over the last 24 hour trading period to touch $8,028 per bitcoin on the U.S. Gemini exchange, has bounced back after a sell-off that seemed to have been triggered by a large volume sale on the Luxembourg-based Bitstamp exchange earlier in the week, causing panic selling.
Bitcoin cash and binance coin led the cryptocurrency market higher, each gaining over 11% over the last 24 hour trading period, while ethereum, Ripple's XRP and litecoin all gained around 7%. The total bitcoin and cryptocurrency market capitalization, which lost some $30 billion in a matter of minutes on Friday morning, has now recovered almost all of that value and is back around $250 billion, according to data from CoinMarketCap which tracks most major cryptocurrencies.
Many analysts remained confident the bitcoin and wider cryptocurrency market would recover.
Bitcoin and cryptocurrency technically data is also showing the bitcoin price could be heading higher, with well-known bitcoin trader Eric Choe saying he expects the digital token to reach $22,600 sometime in 2020, which would be a fresh bitcoin all-time.
Summary Source | FAQ | Feedback | Top keywords: Bitcoin#1 cryptocurrency#2 over#3 market#4 week#5
Post found in /Economics.
NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
submitted by autotldr to autotldr [link] [comments]

Bitcoin rallies 15% to its highest level since November

This is the best tl;dr I could make, original reduced by 52%. (I'm a bot)
Bitcoin briefly touched the $5,000 mark on the Luxembourg-based Bitstamp exchange.
Bitcoin jumped suddenly on Tuesday, following months of relatively low volatility in an asset once known for its wild price swings.
The price of the world's largest cryptocurrency bounced more than 15 percent higher to almost $4,800, according to CoinDesk data, reaching its highest level since late November.
Bitcoin had been hovering around the $4,000 mark for several months.
"Bitcoin's break above $4,200 this morning was critical, as the market had been watching that level for a while," Mati Greenspan, senior market analyst at trading platform eToro, told CNBC. "No doubt some entry orders and stop losses were grouped right above." Meaning that certain algorithmic trades had kicked in after it reached this higher level.
Bitcoin fell over 76 percent in 2018, and is still well below an all-time high near $20,000 it notched in December 2017.
Summary Source | FAQ | Feedback | Top keywords: Bitcoin#1 price#2 high#3 market#4 percent#5
Post found in /news, /Bitcoin, /crypto_currency, /atbitcoin, /AutoNewspaper and /NBCauto.
NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
submitted by autotldr to autotldr [link] [comments]

A collection of bitcointalk posts by Giancarlo Devasini

December 05, 2012
https://bitcointalk.org/index.php?topic=129080.msg1379928#msg1379928
Illiquid markets, such as Bitcoin are easy prey to manipulation. The principle is to draw attention by buying a pretty big quantity (compared to the daily number being bought and sold) and once this attention is drawn, more and more people will start buying trying to jump on the bandwagon and trying not to miss the train. This is on a larger scale exactly what happened in the summer of 2011 when the price of a BTC went all the way up to 30 USD a piece. Such phenomenons normally end up with a massive selloff, (exactly what happened in the above mentioned example when the price went down to 3 usd, losing about 90% of its value) where a lot of late joiners got burned, lost lots of money and abandoned the game saying it's rigged, when the only thing that was rigged was their intelligence. Rallies and inevitable subsequent bubble bursts aren't good for bitcoin. The movement we experienced in the last 2 days (about 7% up) isn't good for bitcoin. What we should need and hope for is a slow movement up, of about say 1-2% each week, due to a growing number of bitcoin adopters and to the fact that this adopters demand SLIGHTLY outpaces the number of bitcoins being sold by miners and people that accept payments in bitcoin but then need to translate those into fiat money. Everything else should be seen as a danger for bitcoin and not cheered as most people do. Rally is bad, not good! We all need to understand that or we will keep being a bunch of goofy beginners easy prey of speculators
   
June 13, 2013
https://bitcointalk.org/index.php?topic=229438.msg2463986#msg2463986
Oh yes? Any evidence you can show us about what you say or was it just a bunch of empty words? We were outed by whom? A resentful advisor that never understood the difference between being an employee and a shareholder and is lying thru his teeth? C'mon, let's move on.... You blame Bitfinex not to be responsible on a crappy mountain of false allegations. Would you define yourself responsible in doing that? It's your right to choose not to be our customer, just stop intentionally lying about us. Or could it be that, as you are running coinlenders.com you just want to throw some shit on your smarter competitors? Your business must be doing really poorly if you have enough time to waste on such childish techniques. Not very professional I must say....
Have a good life
Giancarlo
   
November 13, 2013
https://bitcointalk.org/index.php?topic=229438.msg3564416#msg3564416
Dear Oda.krell
I understand, having a unicorn as your avatar, you must be used to animals that actually crap jewels ( unicorns actually do that ). We at Bitfinex unfortunately haven't learnt how to do that yet. The only thing we know is how to transfer money every day to our Bitstamp account. We transfer big chunks of money and we do it every day. Due to the recent cost of Bitcoin it only takes 3k of volume to dry one million usd from our Bitstamp account, so normally in about one hour our Bistamp account is dry again. Then we have to wait another day for another wire to hit our Bitstamp account. Not much we can do about it, we still can't crap money, sorry about that. When the market goes up liquidity is low (that is everybody and his sister is fully invested in BTC) and this is the 238th time I explain this.
My advice to use limit orders wasn't polemical, a limit order is actually the only effective way to avoid slippage and the fact that you call me unprofessional because I gave you an advice doesn't change things. Use limit order or accept slippage, there is no other way out.
The Bitfinex dynamic is not easy to understand, I realize that. But to ask for supernatural things (such as to transfer money we don't physically have because our customers still have to wire it to us) it belongs to the world of unicorns, not to our world.
The only thing I understand is that some people on this forum actually think before writing something, while some others just complain and throw false accusations without even realizing how things actually works. For example blaming the fact that we don't have enough BTC on Bitstamp to justify your loss just shows a complete lack of understanding of the trading mechanisms. The quantity of BTC on Bitstamp have NOTHING TO DO with a short liquidation. 8fold is actually one of the few that understands things and is always on spot with his comments (kudos to him).
And by the way, I'm the only one having an italian name around here, only me not a bunch. And the fact that we are in Honk Kong where ANOTHER company closed down doesn't mean anything, does it? Or shall we say that any company located in Hong Kong or with at least an italian sounding named employee is doomed to go bankrupt? C'mon guys, give me a break!
Having said that I think I'll leave this thread to Raphael, which is far more patient than me in taking your shit. I'm probably too old for that, I have to admit.
Have a good day folks, I'm outta here.
Giancarlo Bitfinex Team
   
November 29, 2013
https://bitcointalk.org/index.php?topic=229438.msg3759979#msg3759979
http://www.digitalocean.com <------ based in New York - USA
http://www.hostgator.com/ <--------- based in Houston - USA
you really think having a BTC exchange hosted in the US is a good idea?
Please before replying to this email switch your brain on
   
March 08, 2014
https://bitcointalk.org/index.php?topic=229438.msg5591014#msg5591014
Let me try to understand what you think it is a valid proof of evidence.... Writing that some non specified "third party" audited our numbers and found nothing wrong with them is something what will re-assure you about our honesty? Don't you think that a statement like this is actually as good as the person writing it? But if the person that writes it is worth your trust, what sense does it make to ask him to state something like this?
Maybe I'm trying to find a logic in something completely illogical (or I'm just really stupid) but I can't give a rational sense to a request like this.
Finally if you had unanswered emails from support on important topics please PM them to me and I'll take care of it.
Thank you and have a good day
Giancarlo Bitfinex Team
   
March 09, 2014
https://bitcointalk.org/index.php?topic=229438.msg5602221#msg5602221
I understand logic can be taken for arrogance by people that are adverse to being logical. My post asked a very simple question: What does a statement like the following add to being more trustworthy?
A third party (non specified) performed a check on our Bitcoins and found we actually have them. No additional details will be given.
My point was that in order to trust a statement like this you must trust the source of the above statement. But if you trust the source ( whose statement doesn't add any proof of evidence into the equation ) then to ask for such a statement doesn't make sense.
Call it arrogance, I call it logic.
Have a good day
Giancarlo Bitfinex Team
   
June 22, 2014
https://bitcointalk.org/index.php?topic=660948.msg7450158#msg7450158
Place your bet on the table and I'll explain anything you want. Then I will take your 10 BTC and give them to people that will cheer up to your stupidity. You are a kid that doesn't even know what he's talking about. If you don't like Bitfinex why do you keep trading on it, you retarded prick? As we had nothing better to do than stealing candies from retarded kids like you, you don't even have 3 btc (2.5 to be exact) in your pocket.
Grow up and learn to take the blame of your own stupidity instead of insulting others.
Just get a life.
Giancarlo Bitfinex Team
   
June 22, 2014
https://bitcointalk.org/index.php?topic=660948.msg7450567#msg7450567
Your bitcoins are on the way. I have a reasonable explanation and offer you the possibility of making 100 btc in case I will be proven wrong. But in case you are just a douchebag full of hot air I want you to pay 10 btc, so that your ass will burn for while ( unfortunately I have no time to come and beat the shit out of your retarded brains ).
From now on please stay away, you've got plenty of trading platforms to choose from, so don't waste our time anymore with your stupid childish theories.
See you next life.
Giancarlo Bitfinex Team
   
June 22, 2014
https://bitcointalk.org/index.php?topic=660948.msg7450573#msg7450573
Quote from: Dalmar on June 22, 2014, 12:58:08 PM LOL, I didn't know exchange owners browse this mainly trollish speculation forum.
Giancarlo,
Can you get a willy bot like Karpeles already and take us to 10,000?
Currently working on it.... :-P
Giancarlo Bitfinex Team
   
June 22, 2014
https://bitcointalk.org/index.php?topic=660948.msg7451007#msg7451007
Transparency doesn't mean to spend time in justifying ourselves against allegations that don't make sense. MatTheTwat is blaming Bitfinex because his stop order wasn't executed at the price he selected. Now even a 5 years old retard knows that a stop loss order is executed at the best price available in that given time. It is not our fault if other ask orders were pulled when the price started to go up. This is normal as several bots are programmed in such a way, i.e. withdraw orders when the price spikes up. To blame this on the platform, accusing people to deliberately steal 30 usd is not only a symptom of douchebagness, but also of the fact that his IQ is smaller than his shoe size. I can trace the guys that had the ask orders placed and pulled them off when the price started to raise. They can come on this thread and witness that nothing is wrong with this particular case. But as I said nobody does nothing for free and I want the Twat to be exposed to his own stupidity. He has a good opportunity to make a lot of coins if he's right ( he's not). But kids like him never make facts follow their words, they are just a whisper in the wind.
Have a good day everybody, I'm off for a run
Giancarlo Bitfinex Team
   
January 11, 2015
https://bitcointalk.org/index.php?topic=178336.msg10112539#msg10112539
Realcoin became Tether. You can find all the infos you need here: www.tether.to It's still in beta now, but it will soon launch. We as Bitfinex will adopt it and I believe a few other trading platforms will do the same ( Huobi, Okcoin etc.). Not sure about Bitstamp, but they probably will at the end if adoption goes well......
   
June 24, 2017
https://bitcointalk.org/index.php?topic=1242938.msg19743536#msg19743536
For investing purpose i hold BTC mainly. Just praying for bump :)
   
August 05, 2017
https://bitcointalk.org/index.php?topic=1935098.msg20645911#msg20645911
(Economy / Service Announcements / Re: [ANN] ChipMixer - mixing reinvented)
I cant find about fees on site. Can you pls give more information?
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Bitcoin (BTC) Operations Enabled at a Swiss Bank with Bitstamp https://t.co/Ox3EBG7doz - Crypto Dynamic Info - Whales's

Posted at: January 30, 2019 at 07:03PM
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Curiosities Intensify and Opinions Grow as Bitcoin Price Goes Up

Curiosities Intensify and Opinions Grow as Bitcoin Price Goes Up

https://preview.redd.it/9a3sdrmktiq21.jpg?width=1050&format=pjpg&auto=webp&s=f1ef42ad057b444f1746490ea3c4292b8bc48b9c

It was December of 2017 when Bitcoin last reached its heavenly heights, and there have been mixed reactions since then - desperation, frustration, victory, expectation, hope, and so much more. In the past three days, Bitcoin has again been attracting a lot of attention across financial institutions, government bodies, crypto enthusiasts, and investors because of its sudden price surge which went over $5000 USD and with over $17 billion USD in total assets held by different players.

Because of these positive movements in the Bitcoin market, many have also shared their own expertise, wild guesses, opinions, and explanations as to why Bitcoin has suddenly experienced an increase in its value and whether or not such trend will continue.

Here are some of the most interesting takes on the recent Bitcoin move:

“Bitcoin Is Surging Again. Just Ignore It. The latest spike to $5,000 is just another blip as cryptocurrencies stumble toward maturity.” - Leonid Bershidsky of Bloomberg Opinion Column

Obviously, the article by Bershidsky considers the recent price movement negatively. There seems to be an overarching skepticism on the cryptocurrency industry based on his statements. According to him, Bitcoin is just a tiny market compared with global forex trading which is an industry with trade volume of over $ trillion in a single day. He further recommends that spikes in Bitcoin prices are best ignored most especially that cryptocurrencies still haven’t been publicly accepted and that pump-and-dump schemes still exist until now.

In response, Elsa Saikkonen of Bitcoinist responded to Bloomberg’s column with this headline, “Load the FUD: Is Bloomberg Intentionally Ignorant When it Comes to Bitcoin?”

To counter what Bershidsky claimed, Saikkonen pointed out some of the significant developments happening in the cryptocurrency industry lately such as the increase in Bitcoin Lightning Network’s scalability solutions that is now over $5 million in capacity, the growth of Bitcoin’s on-chain transactions, and the adoption of Bitcoin use in many government transactions.

Another explanation was offered by Oliver von Landsberg, CEO of BCB Group crypto firm, saying: “There has been a single order that has been algorithmically-managed across these three venues [Coinbase, Bitstamp, and Kraken], of around 20,000 BTC… If you look at the volumes on each of those three exchanges – there were in-concert, synchronized, units of volume of around 7,000 BTC in an hour.”

It was because of these sudden large order volumes that bot-initiated trades automatically demanded for Bitcoin as well. Although he has knowledge of the figures during the moments when Bitcoin’s price surprisingly went up, Landsberg could not provide a definite reason as to why such large volumes of Bitcoin purchases were made.

Despite the influx of varying and contradicting statements regarding Bitcoin’s price surge, key crypto personalities such as Changpeng Zhao, the CEO of Binance (the second-largest cryptocurrency exchange in terms of volume), has gone to the safe side by saying, “Anyone know any news? I have been asked “a few” times, but honestly clueless.”

No matter how differences in opinion exist, there are overwhelmingly positive vibes surrounding the cryptocurrency community in the past days. As Anthony Pompliano tweets, “Bitcoin is back, baby!”

What is clear right now is the dynamism that we are seeing in the financial technology sector. Surely, more developments could surprise us in the coming days!

Originally posted on our blog: https://blog.cryptobasescanner.com/curiosities-intensify-as-bitcoin-price-goes-up

submitted by cryptobasescanner to u/cryptobasescanner [link] [comments]

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