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 Bitcoin and other Cryptocurrencies, Comprehensive guide on first page.

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SUSAllnGap
post Jun 22 2017, 10:51 AM

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QUOTE(klthor @ Jun 22 2017, 10:48 AM)
this should be stick to the main page as a reminder for all newbies....
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$10,000 to $16

LOL laugh.gif laugh.gif laugh.gif

better use instant sell next time
SUSAllnGap
post Jun 22 2017, 10:53 AM

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QUOTE(blueblueoutofblue @ Jun 22 2017, 10:52 AM)
those on margin short.. ma earn like  drool.gif
i think GDAX will refund ba... look back at the April bitcoin crash
*
margin long instant burn......
SUSAllnGap
post Jun 25 2017, 04:50 PM

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QUOTE(zhuanko @ Jun 25 2017, 03:09 PM)
Hi, why the ICO on certain altcoin based on ETH will cause the ETH price down?

I actually have been eyeing on ETH, and wanna invest in that.
*
because once they collected them, they still need to use money right, so they need to clear their ETH on hand by selling them at exchange, thus causing ETH price to drop.
SUSAllnGap
post Jun 25 2017, 11:09 PM

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QUOTE(zhuanko @ Jun 25 2017, 10:21 PM)
thanks bro for answering a newbie question.

then it doesn't make sense if i invest in Ethereum because i noticed there are many altcoins based on ETH goes on ICO every months.. if this is the case, Ethereum price can't go up high.. pls advise more.. thanks.
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no idea lol. I dunno when they gonna liquidate their ETH to fiat wan.

it seems like everything is being pumped and dumped nowadays.
going by that, if u are some fund manager u will also choose a cheap coin to pump because it's easier to double to triple or even quadruple it. so if it's expensive it will require a large amount of money and thus smaller returns.

to know whether that coin is being pumped and dumped.
if u see waves of good news coming, then u check the chart, if it already doubled, tripled, quadrupled, then those fresh new buyers definitely gonna be suckered into it and get dumped.
just like ANS one month ago was $1.5, high at $10.50. now around $6.
those bought at $1.5 still earning 3 folds at @$6.


my rule of thumb is if it has rocket up it's time to look at other cheaper ones to hold. do note I do not have any love on any coin.
my goal is to buy when it's cheap, sell when it's expensive. that's it

in the case of ETH if it's at 200-250 I will definitely buy it because it's cheap. considering the peak at 420. if I got in at 250, I'm buying at 40% discount.

as easy being said, but this mindset is hard to be cultivated.
simply because it goes against the herd.

SUSAllnGap
post Jun 27 2017, 08:45 PM

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ETH strong buy wall at 200-210. about 24k buy at coinbase

150-200 super heavy volume buy
SUSAllnGap
post Jun 30 2017, 08:24 AM

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ETH very thick sell around 330 @ coinbase.
SUSAllnGap
post Jun 30 2017, 09:32 AM

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QUOTE(max_cavalera @ Jun 30 2017, 09:19 AM)
In crypto community right now...so far only Clif High have very accurate forecasting of cryptocurrency using his Lexicron word-emotion(predictive linguistic) based algorithm.

He predict the the rise of bitcoin accurately since end 2015-2016-until now.

Highest peak he mention is bitcoin will be somewhere $13,000-14,000 february to march next year(2018)

You can buy his alta forecasting report in halfpasthuman.com

But this guy major prediction on gold and silver price flunk badly for years though. So theres still a lot of risk involved
*
the only thing which can hammer everyone to exit this market is closure of exchange like what that billionaire said, regulatory risk.

biggest exchange in the world is US and china. any changes to their policy on coins will determine the death of crypto.

as long as there are new money, new participants entering this market, then it is sustainable.

like btc enter bear market for 2 years before that, because Chinese regulators changed policy on their exchanges.

must know what bottom line factors which can affect it.
SUSAllnGap
post Jun 30 2017, 10:12 AM

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QUOTE(max_cavalera @ Jun 30 2017, 09:59 AM)
Yup. But the boom and bust cycle for bitcoin and ether isnt log. Cycle is every 4 years with the halvening. We already 1 year into last bitcoin halve inv reward. We may have another 6month-1 year of bullish market condition before price stabilize/drops...

Ether will be in for the halvening by 2019 wootz if im not mistaken.

Also take note some alt coin may go bust by next year-2019 with all this crazy ICO and not all will be a success...
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i dont think the problem is with Reward Halving.

most important thing of all is opening the exchange to newer markets and margin trades.
and that is where most of the volume as well as price volatility comes from.
previously there werent a lot of margin exchanges as well as trading instrument.

as more casinos open up, more volatility, so many more ppl will be attracted to join in

SUSAllnGap
post Jul 1 2017, 03:02 PM

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QUOTE(max_cavalera @ Jul 1 2017, 02:44 PM)
Ether dipping in at 257usd.

Pretty good deal guys.

Plan to buy some to participate skincoin eventhough im quite late to the party lol 😂
*
over 45k buy from 190-220 area. GDAX
SUSAllnGap
post Jul 1 2017, 11:17 PM

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QUOTE(jack2 @ Jul 1 2017, 11:09 PM)
Like this ljE4tttT$%&**(RM18ZQBKiWj6
*
KNN this is uncrackable.
u dint key in using character map ah.....
SUSAllnGap
post Jul 1 2017, 11:21 PM

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QUOTE(jack2 @ Jul 1 2017, 11:18 PM)
what is character map?

I am using password generator to generate la
*
https://en.wikipedia.org/wiki/Character_Map...aracter_Map.png

This post has been edited by AllnGap: Jul 1 2017, 11:21 PM
SUSAllnGap
post Jul 3 2017, 07:15 PM

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QUOTE(WooTz @ Jul 3 2017, 05:33 PM)
Vicki went long on ETHBTC.
*
where u see this ?
mind sharing the link ?


thanks
SUSAllnGap
post Jul 3 2017, 07:19 PM

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QUOTE(dc_talkz @ Jul 3 2017, 07:16 PM)
tenkiu....
SUSAllnGap
post Jul 7 2017, 05:00 PM

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i read this TENX white paper

it said to be near zero costs, how they achieve that as compared to traditional banking.
considering spending crypto also require spread to buy/sell for market making.
that part has been kept hidden

This post has been edited by AllnGap: Jul 7 2017, 05:03 PM
SUSAllnGap
post Jul 7 2017, 05:07 PM

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QUOTE(wengherng @ Jul 7 2017, 05:04 PM)
It is not zero cost......nothing is free in this world.
They explained it in various updates that the user has to pay the prevailing token-fiat sale price using the best available market rate obtained from all the major exchanges.
And even then, there is still the cost of actually using Visa or Mastercard's services, which is actually paid by the merchant (hence "zero" cost to the user).
This is also how TenX earns their profit.
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and this is the killer part.
anything could look promising on a proposal.

but the real numbers matter. if sell at exchange get charged 0.3%-0.5%
i look at whole white paper, there are not data or even estimation of that "fee"

This post has been edited by AllnGap: Jul 7 2017, 05:07 PM
SUSAllnGap
post Jul 8 2017, 10:25 AM

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QUOTE(blueblueoutofblue @ Jul 8 2017, 09:57 AM)
Not 100% safe anymore
Last week many been scam through phishing
*
they dunt have that security feature where website show u ur unique picture when u login ?

let's say u out picture of KLCC.
valid website will show KLCC when u key in username and password.
next step ask u key in 2FA.

invalid one will not show KLCC
SUSAllnGap
post Jul 8 2017, 05:37 PM

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QUOTE(blueblueoutofblue @ Jul 8 2017, 05:21 PM)
Don't worry that person didn't return your money because system set the loan period based on your preference , let say you set 2 days loan, the loan will continue until reach the 2 days expiry, your coin will be return to you + your interest earn - lending fee

If that person request for Loan ( in margin for Long or short ) it will depend when that person close the loan, shall this person didn't close the margin, the loan will automatically find a new loan interest near to that person.

In the event where as this person reach the liquidated position, this person coin holding will automatically close by system. You won't lose your coin, because the capital for margin will be enough to pay your loan interest .

So far so clear ?

So, u r a legal loanshark protected by exchange

You will only lose your coin if

-the exchange bankrupt all your coin gone
-the exchange system gone hairwire ( Normally you will be reimburse for your missing coin )
*
i saw someone going through the fine prints that the exchange doesnt cover the loan completely.
there are in this case, you as the lender might get burned also.

in the event of forced liquidation, if they cant close it when his margin is depleted, then it will burn the lender's holding. and this is only possible in the event of a flash crash.
SUSAllnGap
post Jul 8 2017, 07:23 PM

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QUOTE(blueblueoutofblue @ Jul 8 2017, 06:04 PM)
That's why there is a 20% liquidation warning and when it was 0%, exchange wil close the margin, pay the lender. It won't really burn the lender

Because simple as fact

Capital x 1.5x margin ( loan required ) = margin Long/short
Let say you have 1 BTC , ur total margin can use is only 2.5 ( ur capital of 1BTC + 1.5 BTC loan from other

This 1 BTC is hedge against 1.5 BTC loan from lender

The liquidation will deduct the loses from 1 BTC, not from 1.5 BTC loan from lender.

Example :
I put Long xrp at 10430 sats , at the moment, it drop to 9000 sats

My total capital 0.8btc , total margin value = 0.8 + loan = 2.0 BTC

I used everything 0.8 + 1.2 BTC
Now, my liquidation price is at 8500
At 9000, my total current loses is 0.3 BTC
So, from 10430 to 9000 = 1430 sats  = 0.3 BTC
So, if based on what is shown , if it gone to liquidation at another 500 sats , I am probably going to lose 0.1 BTC

So, after liquidation , I will lose 0.4 BTC , which is deduct from my capital 0.8 BTC

I will only left with 0.4 BTC in my account if it gone through liquidation

So far, most of liquidation is at 50% of your holding ...

You will hardly lose everything at liquidation ...

Oh ya, balance 0.4 BTC haven't minus off lending fee ... which is 0.25% of selling price ...
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all of this is the assumption that exchange can close the trade under normal circumstances.

there are however not under normal circumstances where the price simply crash or gaps down.
let's say trading at 10, supposedly close at 8, but some due to some idiots dumping usd30mil down or gaps to 5.

so the next price transaction would be at 5, gap from 10 to 5.
failed to liquidate at 8.

exchange not gonna beat the loss, borrower account emptied, so the balance is the lender
SUSAllnGap
post Jul 8 2017, 08:19 PM

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QUOTE(blueblueoutofblue @ Jul 8 2017, 07:54 PM)
I haven't heard lender holding will be wipe off together borrower

In your situation, system automatically capture the closure. From my experience let say, my liquidation is 8500 but suddenly crash to 8000, it close at 8500.. bcoz that's the system limit.
ETH or BTC ?

ETH normally takes hours

BTC quite fast
*
under abnormal circumstances exchange don't bear these risks.
I read that on Reddit because got that fella read all the fine prints.

it's called gap because the price simply jumps to the next transaction price. very little ppl know what price gaps is
SUSAllnGap
post Jul 9 2017, 08:49 AM

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http://www.zerohedge.com/news/2017-07-08/c...trading-bitcoin

CFTC Approves Options Trading In Bitcoin


“LedgerX is an institutional trading and clearing platform which has been patiently waiting for full regulatory approval from the CFTC to trade and clear options on bitcoin.

It is now the first federally regulated bitcoin options exchange and clearing house which will list and clear fully-collateralized, physically-settled bitcoin options for the institutional market.

On December 16, 2016, Ledger Holdings and Miami International Holdings, Inc. (MIH), the parent holding company of the MIAX Options Exchange, jointly announced that MIH had completed an investment in Ledger Holdings. Early investors in Ledger Holdings include Google Ventures and Lightspeed Venture Partners.”

This post has been edited by AllnGap: Jul 9 2017, 08:49 AM

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