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The Ethereum (ETH) thread
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JayJuanGee Offline
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Post: #176
RE: The Ethereum Thread (the alt coin to Bitcoin)
(05-21-2017 07:29 PM)Armogan Wrote:  People been warning about margin and scared to do it. You gotta take some risks to make the big $$. If you are low risk, Charles Schwab probably has a 0.03% checking account.

Just manage your collateral level, don't buy into a pump, sell before the pump, buy the dips, refinance loans with better rates.

This month alone I've had margin trading days of +10BTC, +16BTC, +5BTC, +33BTC, probably others I forgot.

It makes sense to caution guys about margin trading because as you suggest there are greater potentials - which also means potentials for downside, too.

With margin trading you can lose more than 100%, and lose it quickly, with regular trading, you can only lose 100% - but maybe the upside potential could be quite greater than 100% - or at least getting decent appreciation becomes possible too, whether that is 6% or 20% or some other number that a guy may find reasonable.

Investing in cryptos is already risky, and adding margin onto that compounds the risk - even though it could also pay off handsomely, if you develop a system to do it correctly or are lucky.

I think that there are a lot less risky ways to ensure pretty decent returns without necessarily relegating to .03%, including engaging in forms of strategic buying on dips and selling as the price rises and dollar cost averaging of the assets that are expected to appreciate in the long run - yes, depending in part on a guy's timeline, too. Nice to get quick returns,but sometimes guys may not want to spend time and effort to monitor and to learn a lot of trading skills (and especially margin trading skills)
05-21-2017 07:43 PM
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CleanSlate Offline
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Post: #177
RE: The Ethereum Thread (the alt coin to Bitcoin)
I've tried margin trading with small amounts. I won once, and lost twice. I understand the concept, but I don't really understand when I actually do it on the exchange -- or what to look for, when to sell, etc.

Yeah yeah I know, don't sell the dips and don't buy on the pumps, but that's easier said than done when looking at all the technical shit on the exchange charts.
(This post was last modified: 05-21-2017 07:52 PM by CleanSlate.)
05-21-2017 07:51 PM
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Armogan Offline
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Post: #178
RE: The Ethereum Thread (the alt coin to Bitcoin)
You can't lose more than 100%, there are forced liquidations to ensure loans are repaid. Most you can lose is 100% of of your portfolio, just like in normal trading (i.e., security goes to zero). The difference is the swings up and down are more pronounced.

Key to margin trading is managing the collateral level and refinancing the interest rates.
(This post was last modified: 05-21-2017 07:54 PM by Armogan.)
05-21-2017 07:53 PM
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JayJuanGee Offline
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Post: #179
RE: The Ethereum Thread (the alt coin to Bitcoin)
(05-21-2017 07:53 PM)Armogan Wrote:  You can't lose more than 100%, there are forced liquidations to ensure loans are repaid. Most you can lose is 100% of of your portfolio, just like in normal trading (i.e., security goes to zero). The difference is the swings up and down are more pronounced.

Key to margin trading is managing the collateral level and refinancing the interest rates.

I will concede the point that you cannot lose more than 100%.

Look you do not get concessions from me very often... hahahahaha

Probably, I am just expressing my concern in a non-precise manner, but the point that I was attempting to make is that there are a lot of costs including interest and including that you can lose 100% of your bet much quicker, and the coin does not even need to go to zero.

In traditional trading without leveraging, your coin would have to go to zero before you would lose 100%.

I suppose my main contention with your post is any suggestion that you could be making that guys should engage in margin trading, in order to increase their profits. Sure, in the end, I am not opposed to increasing profits, but such increasing profits comes at considerable increasing risk and also learning curve and time consumption considerations....

Also, I am wondering if you suggest that guys practice with small amounts first, or should they just go in there balls to the walls? hahahaha..
05-21-2017 08:27 PM
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PharaohRa Offline
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Post: #180
RE: The Ethereum Thread (the alt coin to Bitcoin)
Quote:This should be renamed to the Pump-n-Dump Shit Coin Thread. Amazing.

Speaking of scam bullshit. I just bought Storj through the ICO - it's still going on. You can buy 1/.50cents. Right now it's trading at 1/.60 cents on Poloniex. Doing this just to arbitrage and make a quick buck.

Gonna take me a few days to make my 20% - which is like an eternity in pump and dump land. 20% usually in five minutes.

Armogan, keep your idiotic statements to yourself. If you do not think cryptocurrency is an excellent opportunity to make money, fair enough, but find another venture more to your liking. Ethereum (and Bitcoin, Dash, Monero, Litecoin, ZCash) have legitimate concepts behind it, mainly the blockchain technology and the fact that many people/companies/organizations have begun to embrace them. Cryptocurrency is that opportunity where people can make big gains and do so riding a wave where the technology can be used to make financial transactions faster, safer, more secure and without major inconveniences.
05-21-2017 09:25 PM
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PharaohRa Offline
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Post: #181
RE: The Ethereum Thread (the alt coin to Bitcoin)
Quote:I want to get into mining too, I could build a rig or two right now. I just wonder what coins to mine for? How tough is mining for Ether now? And what are some good mining pools? We should make an RVF mining pool or something!

DamienCasanova, I would start with building a mining rig or two and get the hang of how it is like to manage an ethereum rig. It is more difficult than it seems from watching the Youtube videos since you have to literally build the rigs (and put up with buying replacement pieces from time to time).

A good place to start are these sites:

http://www.cryptocompare.com
https://forum.ethereum.org/

Also, feel free to use Startpage.com and look up reddit sites with respect to ethereum mining. Be prepared to spend a good chunk of change to build a rig (at least 2500). Furthermore, with mining, it requires a degree of management and returns don't occur for at least 180 days depending on power usage, rates, etc. However, in the long run, mining has its rewards in that you are not a slave to speculation but rather you produce ethereum.

As for setting up a RooshV mining pool, the big concern is getting around the anonymity to collect funds to establish it. Established pools such as Claymore, ethminer, etc., would be a good start with respect to pool mining.
05-21-2017 09:39 PM
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Armogan Offline
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Post: #182
RE: The Ethereum Thread (the alt coin to Bitcoin)
It was a reference to the claims that Ethereum is a pump-and-dump. Relax.

Additionally, are you saying that all of the coins in this space have legitimate uses, and aren't being manipulated? I would disagree. You should watch things more closely.
05-21-2017 09:50 PM
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Phoenix Offline
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Post: #183
RE: The Ethereum Thread (the alt coin to Bitcoin)
(05-21-2017 09:25 PM)PharaohRa Wrote:  
Quote:This should be renamed to the Pump-n-Dump Shit Coin Thread. Amazing.

Speaking of scam bullshit. ....

Armogan, keep your idiotic statements to yourself.

Well I'm afraid of buying any crypto-currencies myself. Mostly though it's a fear of starting to speak like a raging asshole. There seems to be a strong correlation.
05-21-2017 09:53 PM
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Isaac Jordan Offline
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Post: #184
RE: The Ethereum Thread (the alt coin to Bitcoin)
For the crypto newbies coming in, here's a cross-post from the Bitcoin thread. A redditor I follow posted a guide to cryptocurrency investing, it's an excellent read and has helped me greatly these last few months. Give it a look:

The Intelligent Investor's Guide to Cryptocurrency
05-21-2017 10:02 PM
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PharaohRa Offline
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Post: #185
RE: The Ethereum Thread (the alt coin to Bitcoin)
Quote:It was a reference to the claims that Ethereum is a pump-and-dump. Relax.

Additionally, are you saying that all of the coins in this space have legitimate uses, and aren't being manipulated? I would disagree. You should watch things more closely.

Armogan, fair enough, this is a discussion with respect to the viability of cryptocurrency altcoins, not a flame war. The coins I mentioned in my prior posts are legit because the technology behind them are legit. Now, as for the cryptocurrency "jokers", here are some of them:

Dogecoin: It's shtick is that it has a cute dog as its mascot, the same dog used in memes throughout the web. A penny cryptocurrency if you ask me
PepeCash: This coin is purely satirical and probably tied to the satirical nation of Kekistan (I satirically am part Kekistani myself). How it jumped in value is probably due to someone pumping up its value for the lulz
Gamecredits, BitcoinDark, Ethereum Classic: These are derived from legit coins caused probably by hard forks in the past but dont have any real value and should be seen as akin to the pump and dump stocks in the OTC market.

Therefore, when I mention cryptocurrency, my attention is towards those coins that are legitimately eyed by companies/people/organizations/groups who see value in it via usage as legitimate currency. I hope this helps.
05-21-2017 10:14 PM
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ScrapperTL Offline
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Post: #186
RE: The Ethereum Thread (the alt coin to Bitcoin)
ReddCoin up 480% today alone, not counting the 250% increase it already had since I originally invested.

When yall gonna jump on the bandwagon?

I'm probably gonna sell tonight, can't imagine this blowing up anymore than it is.
[Image: 62490340.jpg]
(This post was last modified: 05-21-2017 10:20 PM by ScrapperTL.)
05-21-2017 10:20 PM
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GlobalMan Offline
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Post: #187
RE: The Ethereum Thread (the alt coin to Bitcoin)
That is a crazy pump.

This can't continue for much longer, can it?

Americans are dreamers too
05-21-2017 10:28 PM
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infinitejest Offline
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Post: #188
RE: The Ethereum Thread (the alt coin to Bitcoin)
This bull market is unreal. ETH is looking real sexy right now. I mistimed the market earlier and exchanged most of my BTC for ETH at a poor time ($1430/$75, had I waited just a couple days I could have bought about a 100 more ETH...) right before BTC started going parabolic, and I'm still ahead in terms of value now opposed to had I just held onto my BTC. Don't see how anyone who has made the switch yet is down in value pegged to the dollar.

Also playing with margin for the first time, but a very small amount. Opened a small margin long on the BTC/ETH pair at around .06 (didn't even use all my leverage) and I'm already up like $1k. Small fries for now, but an example of relatively conservative trading that can help you increase your coin stack.

How long do we think this pump is gonna go? Some people are saying the whole week because of the news, but the history of the recent pumps makes me think we might see people selling the news and taking some profits the next few days. Hopefully not though I'd like to see $200 ETH at week's end.
05-22-2017 02:06 AM
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CleanSlate Offline
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Post: #189
RE: The Ethereum Thread (the alt coin to Bitcoin)
Is anyone buying more LTC? It's been down since segwit -- classic buy the rumor, sell the news. Should we be buying the news in this case, if LTC has a real future?
05-22-2017 02:27 AM
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JayJuanGee Offline
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Post: #190
RE: The Ethereum Thread (the alt coin to Bitcoin)
(05-22-2017 02:27 AM)CleanSlate Wrote:  Is anyone buying more LTC? It's been down since segwit -- classic buy the rumor, sell the news. Should we be buying the news in this case, if LTC has a real future?

Yeah, but in this case, the rumor is about some kind of seg wit solution being agreed to with bitcoin, which would thereby negate the importance of the LTC seg wit implementation.... therefore bitcoin up ltc down (on the rumor) and BTC down and LTC up on the news (the press release tomorrow).. maybe?
05-22-2017 02:52 AM
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britchard Offline
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Post: #191
RE: The Ethereum Thread (the alt coin to Bitcoin)
Which exchange/trading platform are you all using? It is clearly a bubble but I think it still has a way to go before popping. Play safe and hedge by withdrawing your original 'stake' once you've made 100% return net and play with the remainder.
05-22-2017 04:08 AM
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CleanSlate Offline
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Post: #192
RE: The Ethereum Thread (the alt coin to Bitcoin)
(05-22-2017 04:08 AM)britchard Wrote:  Which exchange/trading platform are you all using? It is clearly a bubble but I think it still has a way to go before popping. Play safe and hedge by withdrawing your original 'stake' once you've made 100% return net and play with the remainder.

I'm using GDAX and poloniex.

Poloniex is having lag problems now, the big players on there are screaming that the lagging caused them to lose 10k, 20k because they weren't able to close their margin orders until it was too late.

I trust GDAX much more than poloniex, and I have much more invested in GDAX. To me, poloniex is just play money with lottery picks.
05-22-2017 04:11 AM
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Post: #193
RE: The Ethereum Thread (the alt coin to Bitcoin)
Holy shit, the hold method is good for surprises. I bought 12 ETH when it was at $40 then forgot about it.
05-22-2017 06:29 AM
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Oz. Offline
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Post: #194
RE: The Ethereum Thread (the alt coin to Bitcoin)
I've bought more LTC since I sold my ETH like an idiot. Well I'm still relatively new at this anyway, but, I've made a few dollars pumping and dumping LTC

If I were to lose all my money it wouldn't matter I just invested 100$ the rest has been made since I started

(11-15-2014 09:06 AM)Little Dark Wrote:  This thread is not going in the direction I was hoping for.
05-22-2017 07:32 AM
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pants Offline
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Post: #195
RE: The Ethereum Thread (the alt coin to Bitcoin)
Where are you guys buing ethereum?
05-22-2017 09:17 AM
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pants Offline
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Post: #196
RE: The Ethereum Thread (the alt coin to Bitcoin)
thinking of buying into this bubble..
05-22-2017 09:17 AM
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Isaac Jordan Offline
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Post: #197
RE: The Ethereum Thread (the alt coin to Bitcoin)
(05-22-2017 09:17 AM)pants Wrote:  Where are you guys buing ethereum?

Coinbase.com is a good place to start if you don't have any other exchange accounts already set up.

I also trade on Kraken, Bitfinex, and GDAX, although I'm leaning more towards the latter two ever since Kraken had a very suspiciously timed "DDoS attack" that coincided with a flash crash on their ETHUSD pairing.
05-22-2017 09:28 AM
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pants Offline
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Post: #198
RE: The Ethereum Thread (the alt coin to Bitcoin)
I try buy on kraken now, but its so slow, dont think this server kan handle this bubble Big Grin

ill buy some anyways. I made 10 000 on btc before I sold out, now I am getting back in. too painful to sit on the outside. Bubble or not.
05-22-2017 09:31 AM
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pants Offline
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Post: #199
RE: The Ethereum Thread (the alt coin to Bitcoin)
Damn, even coinbase is slow as f, for me now..
I'm super tilted at the moment. I better buy some before my mind catches up with me.
05-22-2017 09:33 AM
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Mr. Scumbag Offline
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Post: #200
RE: The Ethereum Thread (the alt coin to Bitcoin)
The ETH train shows no signs of stopping. I've got 17 I bought around 2 months ago. If I knew it was going to explode like this I would have sunk most of my last couple of paychecks into it.

How high is it predicted to get now? Is $500-$1000 by June realistic?
05-22-2017 09:42 AM
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