Quote from: yoyoamigo on October 17, 2015, 02:33:13 PM

Quote from: thsminer on October 17, 2015, 08:30:18 AM

Quote from: dotabeard on October 17, 2015, 08:18:11 AM

Quote from: thsminer on October 17, 2015, 08:13:40 AM

Quote from: dotabeard on October 17, 2015, 07:31:05 AM

I also believe DigiByte may reach global adoption one day but this growth still leaves a sour taste in my mouth. Let me elaborate.
My problem is that on poloniex a buy wall keeps moving up and down really quickly. The 10 BTC buying wall gets spread 11 satoshi under the current price. It's been like this for the last 3 days and I think a bot is at work. Yesterday when the price peaked at 190 again there suddenly was 30 BTC worth of buying wall which subsequently vanished into thin air.

EDIT: Apparantely trading bots are allowed on Poloniex. Can't speak for other exchanges though.

Regarding the walls; Yes thats right they........................

I agree that the rise was.........................

And to aswer your.........................

Note: please don't see any..............................

Yesterday I had a fuckup aswell. I accidentally bought 6 BTC worth of DigiByte at 140 satoshis while I wanted to buy them at 40 satoshi. I then panick sold because I'm an idiot. Goodbye 200 usd Sad

Ouch... that indeed hurts. But also learnt a lesson not to panic sell but look at the market first and then decide what to do. It's still a gamble, but an educated gamble... Wink

Maybe whitin a couple of years you laugh about that trade and look at your investment as a very good deal.

i did the same thing back in jan/feb 2015. panic bought and sold or vice versa. Just to share what i learn from my own experiences. i learn that i am not very good at figuring out at what price exactly to buy in or sell out. i was stupid and easily influenced by my emotions when not well prepared. I also learn to never trade the amounts that i will be holding for a long time. So what i do is to create an All-Rounded-Win Scenario for myself instead of having to rely on analytical skills or having to risk taking any chance or a gamble. But i can only advise this for Early Investors, for those who bought in very early at All-Time-Low prices (10-30 SAT). If you are not an Early Investor, #4 below will help with that.

First, we all know Digibyte has proven itself to be a True CryptoCoin among the 1000s (how many altcoins are there now? haha). We do not want to be left out at all. So we employ a HOLD Strategy. How many Digibytes do you wish to have when it reaches at said price, and then at said price and so on? Do some research on Digibyte, think about it and its definitely somewhere in the millions. So you can safely store >1 million away for the next few years. And don't ever use them for trading. Except to sell a certain amount for profit at certain prices or for using them. Hey, if you got 1 million DGB, only 21000 people in the whole world can have that amount after 21 years of mining. Think about it. Cool

Secondly, i will set aside some amount to trade with. Now, we employ an All-Rounded-Win Strategy. Here are some rules to 100% strictly follow:
#1 A very important rule that all wise stock traders do - Buy Low, Sell High. Always!!!
#2 Have enough ammo to trade with. NEVER TRADE ON A SINGLE AMMO. in other words, your ammo is 300000, you sell all of it. Don't! you can split them into 100000s and sell at different prices. maybe one for catching a whale (like somebody sold DGB at 998SAT), one for your normal price target (300SAT?) and one for shorting (price bounces up and down between 180-130 SAT). Gotta have BTC ammo too.
#3 Never buy back in. Price shoots up to 1000 SAT and it stays there for months and its never going to go down again, dont.buy.back.in. Because you already got that covered, as mentioned above. Take your sells as profit for BTC (can sell when price rises) or use it to trade in other altcoins. like GEMZ, DiamondCoin, Ethereum, Dash, etc.
#4 If you are not an Early Investor, you can buy on the way down, sell on the way up. This is to decrease your Average Cost Per Value (not sure whats the proper term. forgot). you bought 1 DGB at 1000 SAT. and then bought 1 DGB at 200 SAT. so each DGB is now 600 SAT. Then simply sell them at higher prices
#5 to have an edge over every other traders, trade on multiple exchanges. Bittrex, Poloniex. sometimes prices are available at Bittrex but not at Poloniex and vice versa. Easier to hit one's price targets. Also easier to buy/sell in large amounts and won't end up being a "wall" on any exchange.
#6 Always place your orders behind/in front high orders. for e.g. there is a 10BTC Sell Wall at 200. sell yours at 199 or 195. Or you can be a ninja and wait for the right Buy Order to appear and then sell on the dot.
#7 When sleeping and not using a trading bot, put sell orders at higher-than-your-normal target price...just in case. same thing for buy orders, lower than your normal. rmb #6.

This way, All Bulls and Bears are your Friends Grin

Lastly, Don't be greedy. Be The Strategy.

i don't advice market manipulation. it's just ugly. Even if it isn't, you will need a hell lot of capital to do that and you may be up against trading bots.
Chaotic. No control. Everyting at high risk.

Being a whale isn't easy. But catching one is. Wink

awesome input!!! thanks 😎

mikeytea

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