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Showing 20 of 27 results by venomdog
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Board Altcoin Discussion
Re: will ethereum be a success?can ethercoin or ethers be the new bitcoin?
by
venomdog
on 17/03/2015, 22:12:17 UTC
will ethereum be a success?can ethercoin or ethers be the new bitcoin?

Yes of course it is going to be the best coin out by far i think it will stay low in price for a week and then everyone will leave bitcoin and buy in to it and make the price go to the moon, probably more than bitcoins all time high.

That will be really cool can't wait for my coin to be worth a fortune and over take bitcoin in market cap and users Smiley

Really ? Its shame being a senior member you are turning out to be senior spam in here.

Hardly spam it is called sarcasm buddy, if someone asks a stupid question they will get a stupid answer. So for an honest answer in danger of being a senior spam lol

No op that will not be the new bitcoin but it can be a success if it comes out on the 20th in working condition and not a fail.
Sorry my mistake then.. too many altcoin promoters here. But I now get your sarcasm.
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Topic
Board Altcoin Discussion
Re: will ethereum be a success?can ethercoin or ethers be the new bitcoin?
by
venomdog
on 17/03/2015, 21:15:36 UTC
will ethereum be a success?can ethercoin or ethers be the new bitcoin?

Yes of course it is going to be the best coin out by far i think it will stay low in price for a week and then everyone will leave bitcoin and buy in to it and make the price go to the moon, probably more than bitcoins all time high.

That will be really cool can't wait for my coin to be worth a fortune and over take bitcoin in market cap and users Smiley

Really ? Its shame being a senior member you are turning out to be senior spam in here.
Post
Topic
Board Speculation
Re: You Waited Long Enough ... $300 Bitcoin Happens Today!!!
by
venomdog
on 10/03/2015, 18:58:34 UTC
And here I am shorted at the price of $250 all my savings some 3 weeks ago and since then its just rising.
Post
Topic
Board Announcements (Altcoins)
Re: Announcing ZiftrCOIN Release
by
venomdog
on 08/03/2015, 09:25:46 UTC
Is cloud mining possible for ZiftrCoin, I don't have good and spare pc for mining this coin. What hardware option I have ? ASIC, Antminers or it only supports CPU/GPU mining. I am feeling sad because I missed pre-sale I feel like almost crying now  Grin.
This would be my first attempt to mining and I really want to do this now before difficulty level goes up. I can say my grand children that I did mining once Wink.
Post
Topic
Board Exchanges
Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading
by
venomdog
on 05/03/2015, 19:00:39 UTC
I am so going down, when bitcoin went up from $233 to $257 last to last week I made quite some profit closing my long position and then I did a huge mistake to think that $255 was the highest and I expected it to go down from here was fool enough to put everything in it, opened short position on $250, since then I saw few ups and down and at one point it even went down to $242 but I didn't close the position, became greedy  Grin.
And now here I am looking at over $500 loss on my short position although I am happy that bitcoin is rising (don't get me wrong fellas) but I know I ain't having any fun.

So, the question is how long I can hold on to this short position because I still don't want to loose hope of bitcoin going down from here but my worry is what if Bitfinex decided to close my position because I hold them for long? is that possible, I didn't bought these swaps myself, I let system choose best offer for me, are they for 30 days or there is no limit ?

There's no time limit on how long a position can stay open, only a limit on how much of a loss you can build up before you're liquidated to pay off what you owe to your swap providers. That's listed in the interface as a "Liquidation Price".

If/when your swaps expire, more will be taken automatically at the best rate available. Or if you happen to see particularly low-rate ones before then, you can take new swaps manually and close the old ones.

(Edit) Appears I was beaten to it.

How can I see what rate I got ?
Post
Topic
Board Exchanges
Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading
by
venomdog
on 04/03/2015, 20:22:26 UTC
I am so going down, when bitcoin went up from $233 to $257 last to last week I made quite some profit closing my long position and then I did a huge mistake to think that $255 was the highest and I expected it to go down from here was fool enough to put everything in it, opened short position on $250, since then I saw few ups and down and at one point it even went down to $242 but I didn't close the position, became greedy  Grin.
And now here I am looking at over $500 loss on my short position although I am happy that bitcoin is rising (don't get me wrong fellas) but I know I ain't having any fun.

So, the question is how long I can hold on to this short position because I still don't want to loose hope of bitcoin going down from here but my worry is what if Bitfinex decided to close my position because I hold them for long? is that possible, I didn't bought these swaps myself, I let system choose best offer for me, are they for 30 days or there is no limit ?

Once your swaps run out new ones will be opened automatically. The only time the platform closes your position is if you reach the liquidation price and get margin called.

Thanks mate for confirmation, I thought the same. Cheers.
Post
Topic
Board Exchanges
Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading
by
venomdog
on 04/03/2015, 19:38:01 UTC
I am so going down, when bitcoin went up from $233 to $257 last to last week I made quite some profit closing my long position and then I did a huge mistake to think that $255 was the highest and I expected it to go down from here was fool enough to put everything in it, opened short position on $250, since then I saw few ups and down and at one point it even went down to $242 but I didn't close the position, became greedy  Grin.
And now here I am looking at over $500 loss on my short position although I am happy that bitcoin is rising (don't get me wrong fellas) but I know I ain't having any fun.

So, the question is how long I can hold on to this short position because I still don't want to loose hope of bitcoin going down from here but my worry is what if Bitfinex decided to close my position because I hold them for long? is that possible, I didn't bought these swaps myself, I let system choose best offer for me, are they for 30 days or there is no limit ?
Post
Topic
Board Exchanges
Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading
by
venomdog
on 15/02/2015, 14:40:15 UTC
This site seems extremely confusing. Here is all I want to do.

I have 6 BTC I just deposited into my exchange account.

I want to sell those BTC for USD now and then in a couple days convert it all into BTC again and withdraw my BTC...how do I do this? All I see is $ numbers, no actual trading.
  • First, make sure your funds are in the Exchange wallet, not the Deposit or Trading wallets - you can transfer funds between them on the 'Manage Wallets' page
  • Then open up the Exchange tab from the main page. There's a couple of things to specify to enter an order - the Amount (6 BTC) in the box in the centre, the order type from the little dropdown menu on the right-hand side - to sell immediately to the best offer you'd want 'Market', to wait to sell only if/when there's someone willing to pay a price you specify you'd want to use 'Limit' then enter a price. The 'Stop' types probably aren't needed for your intentions.
  • Having entered your desired order details, click the big red button labelled 'Sell'
  • A few days later, repeat the process but enter the details on the left-hand side of the page and click the big green button labelled "Buy"
ah a visual explanation was needed here, didn't realized that. Good work. Cheers!!!
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Topic
Board Exchanges
Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading
by
venomdog
on 15/02/2015, 11:46:55 UTC
This site seems extremely confusing. Here is all I want to do.

I have 6 BTC I just deposited into my exchange account.

I want to sell those BTC for USD now and then in a couple days convert it all into BTC again and withdraw my BTC...how do I do this? All I see is $ numbers, no actual trading.

I think what you need here is just exchange and not trading. So go to Exchange tab and put those 6 BTC for sale (of course on maximum price) and get your USD. And then hold on to this unless you decide to convert them to BTC, all you need to do is to buy BTC back from exchange (of course on cheap possible).
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Topic
Board Exchanges
Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading
by
venomdog
on 14/02/2015, 17:47:45 UTC
Could somebody please explain to me why I am seeing -ve profit at this moment.

I sold 8 BTC on base price under $246.40 on Trailing Stop of $2 when price was $248.40 and now when price is like $246.41 I see -$7.99, I mean no matter what happens even if price goes down to $246.1 I still see -ve P/L. Why so ?

Please help me fast I want to understand this : what price will be good for my position.
Post
Topic
Board Exchanges
Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading
by
venomdog
on 14/02/2015, 13:55:35 UTC
I couldn't made much profit from this position yesterday and I hate myself about it.
As you can see I had bought 11 btc on limit order with base rate of 228.83 and I placed short orders also of limit type on different rates.

1. Would trailing stop instead of limit order here made me better profit and how could I have achieved it.

2. Now price is $245 and say I set trailing stop sell order for $2 so does that mean my order will become active when price will fall to $243 and once its get active what will decide my profit price rise or price down and by how much price my order will be executed.

3. Same question like 2 but this time for trailing stop buy order.

I am missing a point here really and I need to understand that I can make profit even selling btc when I expect price to go low but then how can I make profit on short order by selling low, something doesn't make sense to me. Because I always thinks that I need to buy btc first beofre I can sell them and make profit when price is high, this whole idea of shorting when you got no existing long orders doesn't make sense to me.

I always understand simple rule you buy at low and sell at high, then why some people suggest to add a trailing stop sell order and gain when price goes down.


Post
Topic
Board Exchanges
Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading
by
venomdog
on 11/02/2015, 17:45:34 UTC
Is it any good of a position how can I improve further. I am holding on the coins since two days now Sad and loosing a lot in swap cost that's eating up my earlier profit.
Some of my strategies :
1. I only buy limit orders never tried any other order types. I do understand them theoretically.
2. I am only trading BTC/USD and I just buy when price is low and sell when its high, but I never shy to take risk.
3. I never receive swaps and let the BFX give me on best possible rate.
4. This is my first ever trading experience and I started last month.

Questions :
Can I add trailing stop for selling my coins or still stick to limit orders not to mention limit order will not give me best benefit if price rises. And if I do add trailing short orders how to do so.

What is your most used order types, do you try different orders as well and when to use what, say when price is rising and you think it will go 2-3$ high.
Is it stupid for me to add too many BTC long order?

And here is my position : http://gyazo.com/39bc1c6880e0edf2f6f0ba77a1986c11

Your swap costs are just a bit over 1%, nothing to worry. Volatility is much higher than that, so you "just" have to pick the right direction, up or down ;-)
(I picked down, by the way)

You can manually replace your swaps with better offers, both for longer runtime or lower costs. That is, when better swap offers are available.

Training stop (both up or down, depending on your position) is a "stop loss". You can, for example, say "okay, if it goes down another $20, sell my long position" with a stop-loss or training stop.

I have some stops set, for security, and some regular orders, to catch spikes. That's it, I do regular stuff manually when staring at charts.

Raalok

Gr8 insight helped me a lot. Followed your suggestion of going for swaps and placed some offers for receive. Cheers.
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Topic
Board Exchanges
Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading
by
venomdog
on 11/02/2015, 10:05:29 UTC
Is it any good of a position how can I improve further. I am holding on the coins since two days now Sad and loosing a lot in swap cost that's eating up my earlier profit.
Some of my strategies :
1. I only buy limit orders never tried any other order types. I do understand them theoretically.
2. I am only trading BTC/USD and I just buy when price is low and sell when its high, but I never shy to take risk.
3. I never receive swaps and let the BFX give me on best possible rate.
4. This is my first ever trading experience and I started last month.

Questions :
Can I add trailing stop for selling my coins or still stick to limit orders not to mention limit order will not give me best benefit if price rises. And if I do add trailing short orders how to do so.

What is your most used order types, do you try different orders as well and when to use what, say when price is rising and you think it will go 2-3$ high.
Is it stupid for me to add too many BTC long order?

And here is my position : http://gyazo.com/39bc1c6880e0edf2f6f0ba77a1986c11
Post
Topic
Board Altcoin Discussion
Re: Do you think.....
by
venomdog
on 10/02/2015, 07:01:08 UTC
One of Altcoin will shoot high in price like BTC did suddenly and if so which one ?

digitized USD.. coming soon backed by US Govt, followed by rest of the world.

Really? Prey do tell us more.
Post
Topic
Board Altcoin Discussion
Re: Do you think.....
by
venomdog
on 09/02/2015, 20:44:54 UTC
a new coin would have to be tied to some real-world use.

This indeed is what needed for mass acceptance too. Also, no one likes to pay to middleman and crypto currency is perfect solution for that, not to mention the blunder these banker does with your money in their bank.
Post
Topic
Board Altcoin Discussion
Re: Do you think.....
by
venomdog
on 09/02/2015, 19:06:21 UTC
No Bitcoin was the first and almost the other coins can just be traded by BTC so the demand of BTC will always be higher then an altcoin.

you wish

It depends on wich coin is held by people. If people don't hold bitcoin and just use it as a gateway to alts (which they hold) there doesn't need to be increase in btc price at all.

I hold alts and fiat. I do only hold btc for very short time to move between exchanges as i lost hope and trust in it. Practically speaking: i trade alts directly for fiat. Btc is just in the way.

But don;t you think acceptability of btc is more than any other altcoin if very few merchant accept one of altcoin, then what it can buy for you? However that cannot be said for btc, but some innovative coins will for sure seize the opportunity, I appreciate the technology behind crypto currency and by far the most innovative thing that happened in the field of financial market but we need to put this innovation to some use.
Having said that some coins like ZiftrCoin and likes surely have some edge as they promise you e-commerce with it and I think a step in right direction to give crypto currency mass acceptance. Don';t you think ?
Post
Topic
Board Altcoin Discussion
Re: Do you think.....
by
venomdog
on 09/02/2015, 06:56:59 UTC
no i think ..
coz altcoin eventually be exchanged for bitcoin  Huh

That exactly what I think too.. infact I will exchange it to bitcoin  Grin
Post
Topic
Board Altcoin Discussion
Topic OP
Do you think.....
by
venomdog
on 08/02/2015, 19:06:21 UTC
One of Altcoin will shoot high in price like BTC did suddenly and if so which one ?
Post
Topic
Board Exchanges
Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading
by
venomdog
on 08/02/2015, 15:06:03 UTC
Too much price rise and drop in span of half minutes earlier, that went up to 230 plus and now down to 226.
I bought on leverage some BTC and although I placed long order on 228 I see my order is executed and I have since then $228.0917 as base price and swap cost is increasing not hourly but for some reason quite quickly now it stand at -0.05 in spam of 1 hr.

I thought I understand this marginal trading but I learn something new everyday. For some reason I will never understand this Claim, did anyone tried it ?

Also, how to place Trailing Stop order for longing (buying) or is it only applicable for Shorting ?
Post
Topic
Board Service Discussion
Re: Need a redesign and Mobile app
by
venomdog
on 04/02/2015, 21:31:28 UTC
Guys,
Any expert company who can give some twists to my existing startup and also add bitcoin as payment method. I am looking for a bit of re-design of some parts of my site and mobile app for all platform. I don't expect too much work here as site is functional and working fine, but it is missing some sleek design and rich look.

PM me for more details.




I'am not sure what's the payment method you are going to use and how much you are willing to pay . but Bitcointalk is the last place you should use to search for such services I guess . If you have any Programming , Designing , Coding help etc ... you should check oDesk , Freelancer.com , eLance . They are the best on their business . you have more chance to find help there

~ Madness

Indeed you are right, I guess I ended up at wrong place. Cheers mate.