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Showing 20 of 195 results by mrbnson
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Board Altcoin Discussion
Re: Binance Coin (BNB), buy?
by
mrbnson
on 14/03/2018, 18:00:24 UTC
I don't think it's a good time to buy BNB, the price just pumped so it's a good time to sell not a good time to buy. If it's because of them launching a DEX then there won't be any significant rises for a long while until this gets much closer.
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Board Bitcoin Discussion
Re: I like how Bitcoin forks just hand out free $200.000.000 to fucking whales
by
mrbnson
on 13/03/2018, 17:53:00 UTC
They're only receiving that much because there is a demand for it, if people did not demand these forked currencies then they would be worthless. I'm not sure if Kobayashi sold any BCH but if not we will see the price crash (and probably more significantly so) when he does get around to selling them.
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Board Altcoin Discussion
Re: ✅ What makes a GREAT 🎖 ALTcoin 🔥 Vote here 🔥 😃 👍
by
mrbnson
on 13/03/2018, 17:50:27 UTC
The most important thing for any cryptocurrency is that it has a real world use and you have missed that off your list. It's all well and good having new amazing altcoins that claim to one day achieve 1m transactions per second but it's completely useless (as impressive as it is) until someone uses their blockchain for something real that solves a problem or generates an income.
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Board Altcoin Discussion
Re: bittrex removing trade history ?? what is their reason for this?
by
mrbnson
on 12/03/2018, 18:55:27 UTC
I'm pretty sure it's just to free up capacity on their servers, the same with the removing of orders in the order book after a while of them being outside a % of the price.

You can still get your full order history in CSV it just requires some time to format it so you can actually understand it because it's all over the place.
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Board Trading Discussion
Re: Ideas of how to get the maximum trading profit
by
mrbnson
on 12/03/2018, 18:52:46 UTC
What you are talking about is creating a something like an "invest fund" to place massive buy / sell orders in order to push the marker. It might wirk with coins like BTC or ETH. You will literally make another whale. Maybe it will also make the market more volatile because it won't increase the total volume and liquidity.
But it will never work with low cap coins unless you are trying to act like P&D groups. If you try to group up people  for buying / selling such altcoins at the same time then there is a high chance that you will get a lack of liquidity when you need to place a sell order.

At the same time it's near impossible to move the bitcoin and ETH markets because they have so much liquidity. In that lies the skill, you need to know how much you need to move a market but also how much liquidity a market needs for you to then be able to cash out once the price has reached your desired selling point.
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Board Trading Discussion
Re: Ideas of how to get the maximum trading profit
by
mrbnson
on 11/03/2018, 22:08:48 UTC
I was thinking on some news i read a couple days ago some news about the bitcoin price manipulation. What would happen if we make a coordinated trading whit a high number of tradings partners  explaining better buying and selling at the same time with all  tradings partners  buying will grow up the price and selling will down the price in some way the price will be predictable it could work better in low price cryptocurrency like NXT on USDT to manipulate the cryptocurrencys price a high amount of money is  necessary  but if we dont have a high amount of money we need many tradings partners operating at the same time it could get the maximum profit for all please tell me if it could work

Of course it could work, this is what a pump and dump group is. Given that crypto is unregulated this is allowed (It's not allowed in more traditional markets) but you need to know that the people you're doing it with have deep enough pockets and are trustworthy. Someone can easily cash out before your target and then you're all left holding falling coins.
But you can't get the maximum profit if you are late to exchange your coins, you still need a large amount of money to play the market price.

There are many groups of traders mostly in telegram they are just sharing what coin you should buy and when they are planning to sell their holdings. If you join in this pump and dump group you must be active and updated so that you don't be late when the time for selling comes.

If you are late, then your coins will stay no profit until your coin is useless and lose. So if you are planning to build a group or join in pump and dump group you must be updated.

Exactly, that's why if you were able to do it as an individual it would be much better but that's a lot of funds that are required to manipulate a market like that. Most P+D groups the founders will buy before they announce the target coin and will sell before it reach the target price.
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Board Trading Discussion
Re: 2% a day Challenge, compound interest.
by
mrbnson
on 11/03/2018, 22:07:23 UTC
Even then you'll be placing huge orders. Towards the end you'll have over 1m. Even if you split that across 10 coins you'll be placing 100k orders, that's a big wall in almost all markets except for the few biggest such as bitcoin and ethereum.

I'm only speaking from experience, I never got close to $1m but even just going from about $100 to $10k doing the same but aiming for 3% I found that in the early days I could easily get closer to 10% but later it was a struggle for 3% a lot of times because orders are constantly under or overcut

I agree with his post.
when you have big amount of money, it will be harder reaching targeted return % rate
the money you put in a single market must be proportionally low amount compared to market cap to make it work
because if you trade with big amount, you will build a thick wall that gets under or overcut
if you do it at market price, it will look like a dump or pump, and will hurt your profit % rate

I completely agree with what you are saying, that is when this challenge will become more difficult. As of now its something fairly easy.



Oh did you already do something similar to this?

It wasn't as a challenge, just that was my own goal and in the end it probably did take me about the time I expected but that was greatly helped by the big pump in December. After that the value has now fallen back below my 10k goal from that $100.

I'll follow your progress and wish you success but I do feel that what I mentioned above will likely come true the further you get in to the challenge. Also do not forget that you won't have good days all the time and to stick to your principles in these times and make the best decisions even if they end up being losing decisions.
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Topic
Board Trading Discussion
Re: Ideas of how to get the maximum trading profit
by
mrbnson
on 10/03/2018, 20:38:58 UTC
I was thinking on some news i read a couple days ago some news about the bitcoin price manipulation. What would happen if we make a coordinated trading whit a high number of tradings partners  explaining better buying and selling at the same time with all  tradings partners  buying will grow up the price and selling will down the price in some way the price will be predictable it could work better in low price cryptocurrency like NXT on USDT to manipulate the cryptocurrencys price a high amount of money is  necessary  but if we dont have a high amount of money we need many tradings partners operating at the same time it could get the maximum profit for all please tell me if it could work

Of course it could work, this is what a pump and dump group is. Given that crypto is unregulated this is allowed (It's not allowed in more traditional markets) but you need to know that the people you're doing it with have deep enough pockets and are trustworthy. Someone can easily cash out before your target and then you're all left holding falling coins.
Post
Topic
Board Trading Discussion
Re: 2% a day Challenge, compound interest.
by
mrbnson
on 10/03/2018, 20:36:20 UTC
These ideas are all very well and good in theory and you might find you can better 2% a day in the early days but when you get to be trading with 6 figures and especially nearing the end of your challenge when you have over $1m it will be so so difficult to make 2% a day. You will be a whale at that point and that changes things.

Not necessarily, if I do get to that point, I would put money into several coins that I see that will potentially give me the 2%ish return. Doesn't have to be all in 1 coin.

Even then you'll be placing huge orders. Towards the end you'll have over 1m. Even if you split that across 10 coins you'll be placing 100k orders, that's a big wall in almost all markets except for the few biggest such as bitcoin and ethereum.

I'm only speaking from experience, I never got close to $1m but even just going from about $100 to $10k doing the same but aiming for 3% I found that in the early days I could easily get closer to 10% but later it was a struggle for 3% a lot of times because orders are constantly under or overcut
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Board Trading Discussion
Re: Average down and relax...
by
mrbnson
on 09/03/2018, 16:59:18 UTC
Averaging down is a tactic that everyone needs to use at some point. Eventually you will buy a high by mistake and being able to average down your position makes it much more likely you get out in a positive.

The difficulty is that most people don't have spare fiat to continue to invest. It's sensible to only invest about 50% of what you are willing to invest so that you always have fiat spare for such a scenario but many of us don't do that (myself included)
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Board Trading Discussion
Re: 2% a day Challenge, compound interest.
by
mrbnson
on 09/03/2018, 16:57:13 UTC
These ideas are all very well and good in theory and you might find you can better 2% a day in the early days but when you get to be trading with 6 figures and especially nearing the end of your challenge when you have over $1m it will be so so difficult to make 2% a day. You will be a whale at that point and that changes things.
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Board Trading Discussion
Re: How to read the order book
by
mrbnson
on 07/03/2018, 17:58:13 UTC
The graph you posted is really strange and not something I've ever come across. From it we can see that the buy side is very thin and there's a decent wall of sells at 8600 and then after that it it also quite thin. My expectation if I saw this would be that the price was going to fall because of the resistance and the thin buy side.
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Board Altcoin Discussion
Re: What is your prediction of Market Cap?
by
mrbnson
on 06/03/2018, 16:02:40 UTC
I don't think overall market cap is going to change too much in the next months. Maybe it will increase by 30% or so at most. It all depends on bitcoin more than anything.

In terms of the top 10 I can't see much changing. 5 upwards won't move and definitely won't fall out of the top 10, IOTA and DASH might sneak in if they enjoy a little pump but there won't be any surprise entries from out of nowhere.
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Board Altcoin Discussion
Re: For current stagnant market, it is best to stay within the top 10-25 MCAP coins.
by
mrbnson
on 05/03/2018, 17:30:01 UTC
In the current market I think it's the ideal time to be transitioning from the top market cap coins to the smaller capped coins. The slide of large market cap coins stopped a few weeks ago and they've been recovering slowly and steadily since. Once they are done then it will be the turn of the smaller market cap coins but I don't suspect that their recoveries will be slow. So many of them dropped 5 fold or more and there are some real bargains to be had.
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Board Bitcoin Discussion
Re: BTC needs better PR
by
mrbnson
on 05/03/2018, 17:27:46 UTC
Despite what others are saying in this thread, I think Bitcoin DOES need some better PR, 99% of the media paint a negative picture regarding bitcoin, always associating it with crime, volatility, risk and other misinformation. We need a pro-BTC news stream that will spread the truth regarding bitcoin, clearly illustrating how it has the potential to solve some of the worlds major crises, including the counterfeiting problem and the issue of wealth distribution. I would even go so far as to suggest that this will be the only way bitcoin can reach mainstream adoption.

'We need a pro-BTC news stream that will spread the truth regarding bitcoin' - you're calling for exactly what you are complaining about. We do not need pro bitcoin news, we need impartial news that is going to clearly and accurately explain the benefits of bitcoin as well as the draw backs. We do not need sensationalism on either side.

99% of the media? "always associating it with crime"? wrong. Bitcoin has always been hit with negative news and FUD, but it's never been as think (perhaps you were exaggerating for the sake of argument). But even if it were true, how can you say that BTC needs PR when its popularity keeps going up despite having such bad reputation? Sure, there was a time when the general public had negative opinions about BTC because they used to asociate BTC with criminals and illicit activities, but that time is over, and nowadays people are looking at Bitcoin with positive eyes.

And BTC doesn't need PR to reach mainstream adoption, it needs 'regulations' 1 to ensure that financial institutions, investors, and the average joe can finally make a move and invest in BTC. Regulations will give Bitcoin legitimacy, they will help 'clean up' that bad image of Bitcoin, and they'll provide that final boost needed to reach 'mainstream adoption'.


Bitcoin is definitely being looked at a lot more positively of late but still has not fully shook many of the misconceptions and negative associations but that will take time. As you say, regulation will be a large step to adoption as it acts as a signal from governments that they are taking it seriously and it has some legitimacy.
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Board Altcoin Discussion
Re: Ada will 20$?
by
mrbnson
on 04/03/2018, 19:35:32 UTC
My opinion is that almost certainly no. I feel that much of ADAs development is already priced in and therefore at the moment it is overvalued. It would take it to become the no 1 crypto for it to reach $20 or for the whole crypto market to grow hugely.

It's not impossible but it would take some years and a lot of success for crypto as a whole and ADA individually.
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Board Bitcoin Discussion
Re: BTC needs better PR
by
mrbnson
on 04/03/2018, 19:31:46 UTC
Bitcoin itself cannot have PR because it's not an entity. PR is public relations, bitcoin cannot interact with the public.

There can be better promotion of bitcoin but that is driven by the community.
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Board Speculation (Altcoins)
Re: ICO - Storiqa #1 marketplace
by
mrbnson
on 03/03/2018, 23:28:19 UTC
I participated in the bounty campaign of the Storiqa project, I can say with confidence that the project has a good idea and a united team. Communication in the chat Telegram live, there you can find the answers to all questions of interest. For coins received for participation, I hope in the future I will be able to buy something useful in the shops of their partners!

Did you receive a fair payout? I see many complaining that they did not receive as much as expected.

There have been a lot of other accusations that this ICO is a scam and now they are gathering details via KYC which they will then sell on.
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Topic
Board Speculation (Altcoins)
Re: UTRUST (UTK) -- Hidden Gem?
by
mrbnson
on 03/03/2018, 23:26:01 UTC
Totally agree with you!Utrust (UTK) is an excellent investment coin!I bought utrust yet at ICO! From now on he made X15!

Since pre-sale Utrust make a good impact on this market, I see the progress on their project over time and I think they are really ahead compare to other coins. Utrust can hit $3 this year, better to keep on holding believe on it. I think UTK are currently working to be listed into other exchange after they succeed on hitbtc, we will see it.

I'm not sure what crazy deals you got but it's not gone 15x. When it was over $1 yes but it's only about 3x now or 5-6x for pre-ico investors.

There's not really much left in the way of exchanges for Utrust, Binance and Bittrex, they're already on Okex which is the main competitor to binance.
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Topic
Board Speculation (Altcoins)
Re: Bankex Speculations thread
by
mrbnson
on 02/03/2018, 15:43:26 UTC
Bankex have a big vision and lots of support outside crypto but they've shown they're not too great at communication and planning. Most recently it was regarding their promise to be listed on 5 exchanges within a month but it's been now 2 months and they only just got listed on one. They say it's because they had to prove they are a utility token but I would think they should know this before making promises.