10 ms·

I 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 ago
Same 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 ago
  Bitfinex is probably your best bet.
  - oldsklgdfth 9y ago
    I'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 ago
  You 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 ago
  If 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 ago
    I logged into GDAX, but it requires a webcam to complete the setup. Something that I don't have at the moment.
    - artjumble 9y ago
      I 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 ago
    Even better, if you're the maker on a limit trade on GDAX, there's no fee.
- psyc 9y ago
  You 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 ago
Resistance level? It's 2017 and you still believe technical analysis BS?
- paxpelus 9y ago
  Not 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 ago
  what is a better way to decide on buy/sell signals for cryptos in your opinion? Genuinely curious.
  - ceejayoz 9y ago
    If 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 ago
    1. 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 ago
      What kind of apps can be built in the crypto ecosystem?
      - SCHiM 9y ago
        The illegal kinds that have high demand, like darknet markets.
      - 9y ago

oldsklgdfth 9y ago

Same 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 ago
Bitfinex is probably your best bet.
- oldsklgdfth 9y ago
  I'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 ago
You 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 ago
If 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 ago
  I logged into GDAX, but it requires a webcam to complete the setup. Something that I don't have at the moment.
  - artjumble 9y ago
    I 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 ago
  Even better, if you're the maker on a limit trade on GDAX, there's no fee.
psyc 9y ago
You 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 ago

Resistance level? It's 2017 and you still believe technical analysis BS?

paxpelus 9y ago
Not 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 ago
what is a better way to decide on buy/sell signals for cryptos in your opinion? Genuinely curious.
- ceejayoz 9y ago
  If 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 ago
  1. 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 ago
    What kind of apps can be built in the crypto ecosystem?
    - SCHiM 9y ago
      The illegal kinds that have high demand, like darknet markets.
    - 9y ago