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The rise of CRYPTO - Bitcoin, LTC, Ether, Dash, Monero

  • #1,881
  • Sep 8, 2018 11:10pm Sep 8, 2018 11:10pm
I'd say momentum is with the bears now. Price is leaning on the neckline of this H&S at 6150 and really has already verified something close enough to a good bearish pennant which should target 4500. That said, there is a greater bullish wolf wave pattern still very much alive and a drop to this monthly demand level would further its completion. Unless something changes that's got to be the opportune entry area for bulls. Anyway a close on the daily under 6150/44 should pretty much seal the deal.
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  • #1,882
  • Edited 5:21am Sep 9, 2018 5:07am | Edited 5:21am
10:25 BST, Goldman Sachs buying up cheap Bitcoins. I saw this potential rally coming, as price was very close to an 11 month support structure, and I took a spreadbet position yesterday, 8th September, @ 19:10 BST with my broker to go long. 1st target is 7536 and 2nd target is 9154. Will have some structure to overcome at 6600, momentum will push up through it All I can do now is to wait!
Don't wait for the wind, take to the oars.
  • #1,883
  • Sep 9, 2018 5:19am Sep 9, 2018 5:19am
Quoting Pleiadian
10:25 BST, Goldman Sachs buying up cheap Bitcoins. I saw this potential rally coming, as price was very close to an 11 month support structure, and I took a spreadbet position yesterday, 8th September, @ 19:10 BST with my broker to...
Hi buddy...
Sadly it's 2% red....so need way more patience.

Anyway. it will fly.

What's your broker charging for spread and OVERNIGHT swap?? Is it expensive?
Beware of robber banks (RB), bad advisors.
  • #1,884
  • Edited 6:03am Sep 9, 2018 5:34am | Edited 6:03am
Quoting Not-KPMG
{quote} Hi buddy... Sadly it's 2% red....so need way more patience. Anyway. it will fly. What's your broker charging for spread and OVERNIGHT swap?? Is it expensive?
With the new european ESMA regulations 30% margin, 50 pips spread and minimun stop 200 pips Have moved stop to BE!
Don't wait for the wind, take to the oars.
  • #1,885
  • Sep 9, 2018 2:11pm Sep 9, 2018 2:11pm
Quoting Pleiadian
{quote} With the new european ESMA regulations 30% margin, 50 pips spread and minimun stop 200 pips ...
Hi buddy

Can you clarify what's a pip??
Something tells me it's full dollars.
So your spread is bloody 50 dollars for 1 bitcoin ??? Thieves!!

If i trade GU and open a lot, that's about $15-20.

https://coinsutra.com/wp-content/upl...rgin-coins.png

And swap?? You didn't say...??

Is it 10% annually so $2 a day?
cheap!!!

Disgusting pairs can take 2-3 pips so 25 bucks a day...
Beware of robber banks (RB), bad advisors.
  • #1,886
  • Edited 6:52pm Sep 9, 2018 4:03pm | Edited 6:52pm
[quote=Not-KPMG;11458019]{quote} Hi buddy Can you clarify what's a pip?? Something tells me it's full dollars. ...............

In the UK we have financial spread betting which involves risk management and position sizing. With Bitcoin 1 pip = $1 (£1). With equities 1 pip = 1p (1 cent) as equities are priced in pennies (cents)

The risk element is 1% of account size. The position sizing is Risk / Stop

So £s per point ( Position Sizing) = 1% of account size / Stop


I will use a £100,000 account as an example and the minimum 200 pip stop on Bitcoin

£s per point (Position Sizing) = 100,000 * 1% / 200 = 1000 / 200 = £5 per point ( Position Sizing)

The minimum Reward to Risk is 1 : 1

So every 1 pip movement in Bitcoin would be £5 profit or loss if price was moving against your position. So in this example a 100 pip move would be £500 profit or loss.

The spread on Bitcoin is 50 pips so at £5 per point that is £125 on each trade, ouch!. The spread on Bitcoin is horrendous. On EURUSD the spread is 0.6 pip.

The attraction to financial spread betting in the UK is that all profits are free of capital gains tax. NOTHING FOR THE TAXMAN

The law states that all bets have to be closed at the end of day and opened the next day, which will play havoc with the risk management and position sizing. For a small fee the brokers will keep the bet open i.e. they close and open with no loss.

Hope all is clear for you!

P.S. Pip and Point mean the same thing 1 Pip = 1 Point
Don't wait for the wind, take to the oars.
  • #1,887
  • Sep 10, 2018 1:35am Sep 10, 2018 1:35am
Vacations over, ...wake up people and see the future!
12000 this year?
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  • #1,888
  • Sep 10, 2018 11:35pm Sep 10, 2018 11:35pm
Quoting Pleiadian
[... With Bitcoin 1 pip = $1 (£1). With equities 1 pip = 1p (1 cent) as equities are priced in pennies (....Hope all is clear for you! P.S. Pip and Point mean the same thing 1 Pip = 1 Point
Come on buddy

While thankful for the explanation, that was hardly necessary

I've been in forex swamp since 2009 and, funny as it may be, only last 2 years got enough discipline and solid system to drag me from red to green


Enough said that 1 pip is $1.

I'll pretend i never heard how 1 point is 1 pip.

Now tell me about rollover??
is it couple $$ per bitcoin? is that same short and long?

Today bitcoin solid as usual, although 1 bad news some SEC mess, and some new exchange starting.
Beware of robber banks (RB), bad advisors.
  • #1,889
  • Sep 10, 2018 11:41pm Sep 10, 2018 11:41pm
Quoting TudorIoan
Vacations over, ...wake up people and see the future! 12000 this year? {image}
What a pessimist

Shame on you Mr T.

For $12000 i won't bother to close a satoshi.

I'd say 50000 soon, but uncertain when that will be.

Part close at 18k, 35, 45 then what... 75k?
I'll leave a bit for my children too

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Beware of robber banks (RB), bad advisors.
  • #1,890
  • Sep 11, 2018 12:49am Sep 11, 2018 12:49am
Quoting Not-KPMG
{quote} What a pessimist Shame on you Mr T. For $12000 i won't bother to close a satoshi. I'd say 50000 soon, but uncertain when that will be. Part close at 18k, 35, 45 then what... 75k? I'll leave a bit for my children too {image}
Great plan, Not. Love your work!
Member
  • #1,891
  • Sep 11, 2018 8:03am Sep 11, 2018 8:03am
It seems that it will never end:

Founder Of World's Second Largest Crypto Exchange arrested by Shanghai Police

https://www.zerohedge.com/news/2018-...hanghai-police

Sixer
  • #1,892
  • Sep 11, 2018 4:20pm Sep 11, 2018 4:20pm
Quoting Sixer
It seems that it will never end: Founder Of World's Second Largest Crypto Exchange arrested by Shanghai Police https://www.zerohedge.com/news/2018-...hanghai-police Sixer
Doesn't matter.

Crypto is above petty political or police or cooking troubles.

So what, someone arrested??? What for? Questoning???

Here :However, the investigation has shown Xu’s company in Shanghai is not responsible for issuing the currency....

Whatever. We, the other 5-10 million crypto owners are going straight and strong

I hear in Canada 1/4 own crypto....
Imagine getting 1/4 Canadians in jail
Beware of robber banks (RB), bad advisors.
  • #1,893
  • Edited 5:03pm Sep 12, 2018 10:28am | Edited 5:03pm
[quote=Not-KPMG;11462968]{quote} Now tell me about rollover?? is it couple $$ per bitcoin? is that same short and long?

Rollover is 2.5 x $ per Pip. So....2.5 x $5 per pip= $12.5 plus an admin fee of 0.8%

If long, the money is debited from your account or if short, the money is credited to your account.
Don't wait for the wind, take to the oars.
  • #1,894
  • Edited Sep 13, 2018 6:20am Sep 12, 2018 5:52pm | Edited Sep 13, 2018 6:20am
More good news for the crypto space. Coinbase is exploring the creation of a crypto ETF with the assistance from the $6 Trillion asset manager Blackrock. This is to be for institutional investors and not retail. More fuel for the upside!

https://bitcoinist.com/coinbase-expl...81bd0-38993275
Don't wait for the wind, take to the oars.
  • #1,895
  • Sep 13, 2018 9:01am Sep 13, 2018 9:01am
Meanwhile in the US a judge just ruled that an initial coin offering (ICO) is a type of security.

The US Security and Exchange Commission (SEC) is suing Maksim Zaslavskiy, for scamming investors by presenting himself as an experienced banker, real estate investor, and philanthropist. According to the prosecution Zaslavskiy claimed that the two crypto coins he had created were backed up by real estate holdings and diamonds and thus he defrauded investors with hundreds of thousands of dollars.

The defendant filed a motion to dismiss the case, arguing his cryptocurrencies are not regulated under securities law. The judge, however, decided the case stands.

So this sets an interesting precendent.
  • #1,896
  • Sep 13, 2018 9:09am Sep 13, 2018 9:09am
Morgan Stanley Plans to Offer Bitcoin Swap Trading for Clients:

https://www.bloomberg.com/news/artic...ng-for-clients

Sixer
  • #1,897
  • Sep 13, 2018 9:29am Sep 13, 2018 9:29am
Coinbase ETF attempt may not be successful.

Coinbase’s ETF would need to address the same market transparency and manipulation issues that persuaded the SEC to shoot down 9 ETF proposals. Nevertheless, Coinbase’s conversations with BlackRock support the idea that crypto’s appeal is growing among traditional Wall Street circle

The bitcoin still looks strong.
https://coinswitch.co/news/bitcoin-p...ted-09-07-2018
  • #1,898
  • Sep 13, 2018 9:59am Sep 13, 2018 9:59am
Bitcoin today +200 i think.



Quoting mlawson71
The US Security and Exchange Commission (SEC) is suing Maksim Zaslavskiy, for scamming investors by presenting himself as an experienced banker, real estate investor, .... arguing his cryptocurrencies are not regulated under securities law.
The judge, however, decided the case stands. So this sets an interesting precendent.
Hmmm.
No time to read...

Good principle then.

But whether it is security or no is irrelevant.
That guy, Polish? maybe, is a fraud.
And it's soooooo easy to swindle American greedy investors BCC anybody??? ROLF.

Noone is above the law


PS: my boss said that central bankers CAN PRINT GAZILLION something and be OK....

So you're criminal if you're little???
Beware of robber banks (RB), bad advisors.
  • #1,899
  • Sep 14, 2018 2:49pm Sep 14, 2018 2:49pm
Some positive news...lately.. but forgot.

And bitcoin is the most stable currency here
Look at euro

LOL
Beware of robber banks (RB), bad advisors.
  • #1,900
  • Sep 15, 2018 7:01am Sep 15, 2018 7:01am
Quoting rohitcs
.. Coinbase’s ETF would need to address the same market transparency and manipulation issues that persuaded the SEC to shoot down 9 ETF proposals.
Nevertheless, Coinbase’s conversations with BlackRock support the idea that crypto’s appeal is growing among traditional Wall Street circle The bitcoin still looks strong. https://coinswitch.co/news/bitcoin-p...ted-09-07-2018
Nice.

Fact is, these 9 ETF will get a review near end of this year.

Beware of robber banks (RB), bad advisors.
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