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Take note, high-risk investors: now is a good time to buy.
by luxpir 9y ago
Take note, high-risk investors: now is a good time to buy.
- paxpelus 9y agoI got some ETH at $230-$240 range but it would not surprise me if we see a $170-$180 range (next resistance level) the next hours.
- oldsklgdfth 9y agoSame here. I'm trying to figure out how to short ETH. Unfortunately, I'm a noob and don't know my way around.
- eof 9y agoBitfinex is probably your best bet.
- oldsklgdfth 9y agoI'm using coinbase atm that doesn't short. Also has very high fees. EDIT: bitfinex doesn't work on the machine I'm using. Guess shorting will have to wait for later.
- paxpelus 9y agoYou can short ETH on some trading websites such us eToro or Plus500 which in my opinion are not really great. A really high risk move would be to register on 1broker which is a CDF broker where deposits are done in BTC. There you can short BTC if you like. I would surely not leave any amount in that broker for a long time Another way of shorting is to get an ETH loan from someone, covert it to $ and then wait for ETH to fall. When it does you can buy more ETH, pay back the loan and keep the profit.
- paxpelus 9y agoIf you use coinbase then you should try to login to GDAX with same credentials. It just works and the fees are like 0.25% per trade. P.S.: GDAX is owned by Coinbase
- oldsklgdfth 9y agoI logged into GDAX, but it requires a webcam to complete the setup. Something that I don't have at the moment.
- artjumble 9y agoI blocked the webcam, then tried again and it gave me the option to upload photos of my ID instead. Not sure why that wasn't an option in the first place like it is on coinbase.
- v64 9y agoEven better, if you're the maker on a limit trade on GDAX, there's no fee.
- psyc 9y agoYou can short on Kraken. Fair warning: Kraken is absolutely not suitable for time sensitive trading. Their back end cannot handle low volume days, let alone high volume days. You can expect to enter the same order 5-10 times before it goes through without unspecified failures, and this is challenging because it may not accurately report whether an order succeeded at the API level, or was actually filled. But if your strategy can tolerate some uncertainly in when you'll be able to make an order, I guess it's ok.
- dna_polymerase 9y agoResistance level? It's 2017 and you still believe technical analysis BS?
- paxpelus 9y agoNot 100% and surely I don't believe I can predict price movements with TA. But resistance levels can help a bit. Don't forget that cryptocurrency markets are yet immature and self-fulfilling prophecies is something de facto in them
- jamiegreen 9y agowhat is a better way to decide on buy/sell signals for cryptos in your opinion? Genuinely curious.
- ceejayoz 9y agoIf you're willing to gamble, buy and keep buying, and hope it doesn't crash. If you're not willing to gamble, go by an index fund instead. Anyone who thinks they can figure out buy/sell signals for cryptos right now is a lunatic.
- dna_polymerase 9y ago1. Buy coins. 2. Shut the fuck up about "signals" and "trading" 3. Build cool apps around the crypto ecosystem 4. See more and more people using cryptocurrencies 5. profit
- oldsklgdfth 9y agoWhat kind of apps can be built in the crypto ecosystem?
- SCHiM 9y agoThe illegal kinds that have high demand, like darknet markets.
- 9y ago
- thisisit 9y agoI remember the last time something China related happened in 2013 or something. I forgot the exact news but it sent BTC tumbling back to $200-300 in next couple of years before it came back up. If you believe in China's influence that much, then better wait it out. There should be much better price to be had.
- toss1 9y agoYes, this is becoming a textbook example of the situation where the old investment adage applies: "Don't try to catch a falling knife..."
- thephyber 9y ago> I remember the last time something China related happened in 2013 or something. Are you conveniently forgetting the first few weeks of this year? They changed their policies towards cryptocurrencies in a way that wasn't quite clear (rumors were that "China is banning cryptocurrencies!" and "Chinese exchanges are closing!"). The reality of the regulatory change was tiny in comparison to the rumors, and many people profited from the short term rumor noise.
- JustAnotherPat 9y agoThere are other Chinese exchanges. If they announce something similar, Bitcoin will drop even further.
- paxpelus 9y agoAnd it is pretty likely they do so. In my opinion China is issuing their own e-currency pretty soon, so they don't really want any competitors. We are living in very interesting times.
- mistermann 9y agoThat would make things very interesting.
- stefano 9y agoWhy would China need an e-currency? If you're in China you can already buy things online using the good-old yuan. What value would another currency add?
- paxpelus 9y agoCompletely control on the people spending it. Government will be able to put taxes on the people and no one will be able to hide their earnings. Also I suppose it would be much cheaper than circulating paper money.
- dragontamer 9y agoDon't try to catch a falling knife. Its really hard to call a bottom. Even if you think the security will recovery, buying in at $2000 is cheaper than buying in at $3000.
- redog 9y agoWhen others' are scared be greedy. When other's are greedy be scared.