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re: Official CryptoTalk Thread

Posted on 2/1/21 at 11:19 pm to
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 2/1/21 at 11:19 pm to
They’re the top DeFi projects , maybe throw Synthetix in there too
Posted by white perch
the bright, happy side of hell
Member since Apr 2012
7564 posts
Posted on 2/2/21 at 6:41 am to
quote:

just placed my first ever limit order on ETH to sell all my ETH if it reaches $1400.

If this executes properly, then I’ll set a limit buy at $1300


Alright, limit well went through. Sold at 1400. Now it just has to drop again to 1300 and knowing my luck, it’ll never get that low again.
Posted by zzgobucky
Madison
Member since Sep 2016
1801 posts
Posted on 2/2/21 at 6:53 am to
Looks like CME Group is launching its ETH futures on Feb 8, might lead to ETH finally breaking $1500. Could be a while for it to go back to $1300.
Posted by LSUJuice
Back in Houston
Member since Apr 2004
18008 posts
Posted on 2/2/21 at 7:15 am to
I guess I'm asking how they compare to link. Are they competitors, and one of the bunch will come out on top?
Posted by finchmeister08
Member since Mar 2011
39352 posts
Posted on 2/2/21 at 7:16 am to
my binance.us account is still trying to verify my drivers license and my address for 3 days now. does it usually take this long?
Posted by lsu777
Lake Charles
Member since Jan 2004
36511 posts
Posted on 2/2/21 at 7:28 am to
Glad it went well, but you are prolly leaving some on the table. If using limit orders its a little difficult but I like to set alerts on kucoin for certain price points. For eth it's 1400, 1425, 1450 and watch it and after it passes those points I like to set the alarm again for when it passes those back down.

I do this as I don't expect to hit the peak but it alerts me and I can start watching closely. I try to catch it right after the peak and it starts back down. Usually allows me to max profits for these day trades.

Now doesn't always work, perfect example was this week grt hit first 3 targets and started back down. I sold after it hit the third target and started coming down. It passed all 3 targets going back down then freaking sky rockets and ran way past those plus 25%. So I fricked up.

Promise I'm not perfect on this at all, I mean at all. But I notice this is also what some of the bigger guys do too.
Posted by CE Tiger
Metairie
Member since Jan 2008
41878 posts
Posted on 2/2/21 at 7:32 am to
quote:

Alright, limit well went through. Sold at 1400. Now it just has to drop again to 1300 and knowing my luck, it’ll never get that low again.


That’s an 8% gain and if you are doing it by the book your getting hit on short term capital gains as well as paying a small fee for the order. Is it worth it?
Posted by white perch
the bright, happy side of hell
Member since Apr 2012
7564 posts
Posted on 2/2/21 at 7:52 am to
quote:

Glad it went well, but you are prolly leaving some on the table. If using limit orders its a little difficult but I like to set alerts on kucoin for certain price points. For eth it's 1400, 1425, 1450 and watch it and after it passes those points I like to set the alarm again for when it passes those back down


Thanks man. I’m just trying to get this figured out. This is play money so no big deal if I don’t maximize profits.

quote:

That’s an 8% gain and if you are doing it by the book your getting hit on short term capital gains as well as paying a small fee for the order. Is it worth it?


It may not be, but it is a profit and I’m just learning. Most of my money goes to my IRA. If I start getting good at this, then I’ll look closer at streamlining profits and tax liabilities. This is just play money for me.
Posted by RATeamWannabe
Baton Rouge
Member since Sep 2009
26018 posts
Posted on 2/2/21 at 8:13 am to
quote:

it’ll never get that low again.


Pretty sure we are due a correction here shortly. Im starting to look at taking some profits to rebuy at supports
Posted by lsu777
Lake Charles
Member since Jan 2004
36511 posts
Posted on 2/2/21 at 8:23 am to
quote:

That’s an 8% gain and if you are doing it by the book your getting hit on short term capital gains as well as paying a small fee for the order. Is it worth it?


in the end your captial gains are your capital gains for the whole year. Doesnt really matter if taking it daily, hourly or once a month. Anything under a year is going to be the same once added at the end of the year. if he is making 150/200 two or three times a week, even paying the small fee and the taxes, its certainly worth and extra 300-400 a week towards retirement imo.

in the ned though when doing this, its about building the play money up to a sizable chunk where you can make real money on these bull runs.

My pesonal goal is to build it up with the short term plays to have a couple grand more than i already do in the following (outside of my BTC and ETH long term hold plays)

ADA
DOT
Link
UNFI
AAVE

These are intermediate plays imo with a 3-5 year shelf life. Link prolly longer and depending on what happens with ETH2.0, ADA/DOT maybe shorter plays or longer. if 2.0 fails those two are big long term plays.


In the end its worth it imo, but this is just bonus money on top of my other investments.
Posted by RATeamWannabe
Baton Rouge
Member since Sep 2009
26018 posts
Posted on 2/2/21 at 8:37 am to
My issue is that I have a number in my head that I want to get out with. If I hit it tomorrow or in December, it doesnt matter, I want to get out.


But then I realize there is absolutely nothing else I want to put my money in. Cash is being printed out faster than ever before. The stock market is overextended, housing bubble has to pop soon, oil is handcuffed by the govt, and gold and silver dont really appeal to me outside of actually buying coins.

So I dunno wtf to do really.
Posted by white perch
the bright, happy side of hell
Member since Apr 2012
7564 posts
Posted on 2/2/21 at 8:55 am to
quote:

So I dunno wtf to do really.


I don’t think there is a right or wrong plan, just a bunch of pleabs trying to make money on the internet.

My plan (if I can be disciplined enough to keep it) is to wait for a 5-10% drop and buy, then wait for it to go back to 5-10% and sell. The actual value of the ETH is not relevant.
Posted by CE Tiger
Metairie
Member since Jan 2008
41878 posts
Posted on 2/2/21 at 8:58 am to
quote:

have a number in my head that I want to get out with


As my wife has informed me , your cashout number keeps getting higher and your gonna hate yourself if it goes up more after you sell. She doesn’t even believe the money is real and calls it Monopoly money . But I don’t yell at her for the crap she buys so she is happy
This post was edited on 2/2/21 at 8:59 am
Posted by jmcwhrter
Member since Nov 2012
7597 posts
Posted on 2/2/21 at 8:58 am to
seeing increased chatter on LTC.. not sure how much fuel it's got however

Lots of people still holding from $300+ that would love to get out
Posted by rocket31
Member since Jan 2008
41880 posts
Posted on 2/2/21 at 9:00 am to
how is your silver looking clown lol

ive been 100% right on the entire market so far this year so just pray I'm wrong on eth I suppose.. I'm bound to miss one eventually.
This post was edited on 2/2/21 at 9:06 am
Posted by RATeamWannabe
Baton Rouge
Member since Sep 2009
26018 posts
Posted on 2/2/21 at 9:06 am to
It’s gone up like three times in the last month
Posted by lsu777
Lake Charles
Member since Jan 2004
36511 posts
Posted on 2/2/21 at 10:06 am to
quote:

how is your silver looking clown lol

ive been 100% right on the entire market so far this year so just pray I'm wrong on eth I suppose.. I'm bound to miss one eventually.


dunno what he was in at or if he got out. but if he was smart, he should have made 25-30%. minimum of 20% in 3 days isnt bad at all.
Posted by rocket31
Member since Jan 2008
41880 posts
Posted on 2/2/21 at 10:08 am to
I said to not buy yesterday specifically

and yes those people are down 20%. brutal
This post was edited on 2/2/21 at 10:08 am
Posted by lsu777
Lake Charles
Member since Jan 2004
36511 posts
Posted on 2/2/21 at 10:11 am to
quote:

I said to not buy yesterday specifically

and yes those people are down 20%. brutal


why the frick would people buy yesterday lol, the run was pretty much over?

Thats like my boss, I give him a tip to buy silver last wednesday, what does he do.....goes and buys silver fricking coins. When he called me I told him...no, i meant AG on the market. Said he knew but likes to have the physical coins. Now he didnt gain any fricking thing and could have made 30%+.
Posted by lsu777
Lake Charles
Member since Jan 2004
36511 posts
Posted on 2/2/21 at 10:13 am to
oh and yes you are usually write on the market. Many are in here. Our disagreements in this thread are usually minor and more about somethings actual use than if value is going to go up or down.

Couple guys really good at stocks too on here, but jesus we have some clowns too.
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