/biz/ - Business and Finance

Wall street firms are amicable to it, Nasdaq is using a blockchain to manage some of their private markets.

US Gov't hasn't sent SWAT teams on any mining farms..

I think BTC has the green light to go ahead at this point. So far it's looking like it might coexist rather peacefully with what's going on in the world. At least for the next year or two, until things develop further.

I would hedge my wealth in BTC the same way I would in gold. Perhaps 5% of my portfolio in emerging crypto markets.

>>572

>tfw I listened to this anon and bought a lot of PPC with my last bits of bitcoin

>tfw I listened to those retarded 4chan biz anons saying bitcoin will fall the fuck down

>mfw PPC is 0.5 now, hit 0.9 max and went down

>mfw bitcoin is 300$ a piece now

thanks anons, I guess

>>574

Some other anon said it'll eventually go $10 but I guess I'm just naive and retarded.

>>574

Since you seem like a clever guy - should I cut loses or will it go up again?

full disclosure, i sold a bunch at 60c before the runup so i'm back where i started lol.

>>576

you really bought at 90? i'd hold, might be a while before it gets that high but ppc has good promise. the price really depends on the state of the cryptocurrency market as a whole. that recent pump n dump was mostly because of litecoin, ppc was the only other alt to move with it because they're both on btc-e.

there's probably gonna be a shift from PoW to PoS type systems, peercoin will be first to benefit when that happens. it's a good bet if you're willing to hold coins at all.

>>577

Never said I bought at 0.90. I bought at 0.6 and was too stupid to sell. Thanks though.

>>578

there's your lesson, never leave profits on the table. always take it when you can.

sold more at 0.72, we're back in accumulation phase atm. if you've got faith in BTC, PPC's a good short-term bet. building my position in it now. if world news continues to play favorably for BTC peercoin will shoot off like a bottle rocket. then it's anyone's guess as to what happens next.

frankly i view these coins more as a contingency plan than an investment. fun but hardly pertinent to what's currently happening with fiat currencies. if you're expecting riches out of cryptocurrency i hope you also have a passport to an up an coming country like China, where crypto will hopefully be recognized… It's all one big experiment.

best of luck anons. this is going to be a very interesting time to grow though. China'll become a hub of some kind, that's for certain. and blockchains will find their place in the finance industry.

PPC 0.49 a piece now.

I hope it'll get up soon.

>>609

also should point out, a 35k ppc fakeout is plain retarded, there's hardly ever that much volume sitting on the btc-e books, at *most* it's usually 5-15k

i mean come the fuck on

>>616

It went up to 0.56 and then down to 0.52. It moves along with the bitcoin price. Doesn't really look like anyone is pumping or otherwise interfering with the coin price. If it gonna go up, then surely we'll have to wait a long time.

>>620

i wouldn't say it's directly correlated with bitcoin, ppc has made some movements purely on its own which is a good sign, but yeah just like the real world market crypto markets tend to move in tandem.

also doesn't look like anyone is pumping? this coin hit a dollar from 25c man. but yeah, the longer it stays low the better it is for the guys behind the pump, more time for them to soak up as much as they possibly can. PPC might not be the best coin to trade but I think it's a safe hold, farrrr more upside potential than BTC without the same kind of risk you'd find in holding a generic altcoin.

>>623

I should clarify myself: no one is pumping at the moment. The 0.25 to 0.9 was clearly a pump though. Other than pumps, there aren't going to be any major changes I guess.

>>623

When will PPC go up, shit man, it seems like it's going to stay at 0.45 forever.

>>655

i'm actually banking on it going a bit lower from here, not too sure though. seeing the price touch 39 would cause people to panic sell. my position is about 80% ppc, and i'm looking to increase my ppc holdings so that other 20% is waiting to buy.

i'll repeat, whales want the price to stay low so they can accumulate as much as they can as cheaply as they can. the price won't see any wild movements until they're satisfied and ready to roll, OR if some major global event happens, like the USD losing status as global reserve currency which would throw forex into complete chaos, making cryptocurrencies all the more bullish.

the major players that literally are the price movement won't buy up all at once, they will buy slowly and surely to get it cheap. have patience man. if you see a sudden spike to under 30 or something then yeah okay, panic and get out, but right now i just see them trying to 'walk' the market down through heavy volume within tight spreads.

>>661

actually premature of me to say 'panic and get out', i'd probably be buying more if it fell under thirty.

i actually kinda suck at trading, lol

>>682

Well, yeah, shit got wrecked hard. It's because of bitcoin dump though, all cryptos fell down, not just bitcoin.

Why do you think that peercoin, of all the coins, has the potential for profits?

Personally, I bought some at 0,44-ish, not a lot of volume, just to test the waters and see if I'm any good at trading. How can we be sure that it'll rise?

>>684

also lol i just fucking realized i'm not the OP of this thread. wtf.

>>684

Seems pretty legit to me, though I'm no expert. Any idea when can we expect the price to rise? Months? Years?

>>687

"Movements for this program were made possible by the Corporation for Internal Pumping, and NOT by the annual financial support of suckers like you."

they'll pump it when they're content to. i have NO idea when the price will rise because I am not the one moving the price. i'm only trying to catch the wave.

Major events usually occur together, for example Bitcoin price is down along with the Dow this week (BTC actually preceded the Dow, which is interesting). I'm betting that cryptocurrency will be hyped as a 'dark horse' alternative to crumbling fiat structures. So keep an eye on the Fed and real world events to get a grasp on when such movements may occur.

It MIGHT actually be more pertinent to hold onto bitcoin rather than PPC, since bitcoin will receive market interest first. Then you could shuffle from BTC to PPC afterwards. But this is pure conjecture, they could both move at the same time. Right now I'm about 20% PPC 80% fiat. Waiting to see if Bitcoin gets crushed more, though it could get eaten up right back to 280. Bitcoin is one of the most volatile markets out there dude. I'm just starting to understand that myself.

You need to widen your scope, this situation is on a global scale with fiat and central banks. The price for crypto will move when banks can't hold their credibility any longer. Till then I expect continued price suppression but really anything could happen. I'm watching very carefully for the right moment to jump back in.

Whoa. I was keeping an eye on the PPC price, and just after one refresh, it instantly went from 0.33 to 0.36. I'm pretty sure it's one person/group of people accumulating the PPC. It's coming soon.

>>717

What do you think, how much will it hit at best, approximate? One dollar? More? What's the expected ceiling?

Sold off 5% of my holdings @ 38c just now, thinking it's gonna drag back down. Books are kinda thin and whoevers putting in this momentum wouldn't want the price over 40. Just going out on a limb here, hence only moving %5.. just practicing.

>>721

yeah that was a premature move, price has been steady at 38c for most of the day with a bunch of nibbles up to 40c. nobody wants to push us past 40 though. if i had been a little more patient in setting trades I coulda scalped an extra two cents.

Dunno what's gonna happen here.. price is staying pretty steady, will have to see by tomorrow if it holds.

Also, it's labor day night, all the east coast chumps are asleep after having all day to look at the market. maybe surprise pump? ahah i dunno wtf i'm working off of but we'll see. about 8% sold out @39.4c, we'll see if i can recoup that ~35. not feeling it though. this upward pressure is too steady.

>>722

fwiw i wanna add the disclaimer this coin isn't good for trading, low volatility and wide spreads mean you're more likely to get caught in a position you can't easily get out of.

forex is a much better place to try trading for regular profit. i'm in ppc for speculation mostly.

0.41!

Oh shit man, oh shit.

>>726

Why did the whales do this instead of opting for a straight pump right away? You said yourself that they want to get as much coins at the lowest price for maximum profits. Getting it up to 0.40 is only hindering their goal. What's going on?

posting this for posterity

15k ppc bids 39c to 37.5c

~700ppc bids 37.5c to 35.6c

27576 ppc asks 40c to 43c

2800 ppc asks 43c to 44c

just to gauge against future movements, order books can change anytime so this data is not definite what-so-ever. just wanna see if future movements line up with what's up now. probably useless.

>>736

lol yep, two hours later there's now ~8k ppc asks from 40-43c, ~20k moved off the books past two hours. seems to have moved once the price dipped back under 40 to 38.7 (only ~2k sold mind you, nothing serious)

just goes to show, impossible to predict what an institutional investors gonna do, and by proxy where the market's gonna go.

conversely, the bids have stayed about the same. looks good but not really something to make a call on.

>>740

hah, we're falling back down to 35c, shows what i know. previous buyup started ~33c, 34c is a realistic expectation, could get pummeled down under 30 though.

am i going to punch you with my left hand, or my right hand? it's impossible to know what the market will do, infinitely more so when it's as tiny and manipulable as this. i should probably just keep my ppc in cold storage and try my luck on poloniex.

>>741

I don't know shit but it looks like silence before the storm. It's like they want to make people believe that PPC is falling so they can get a higher share of the market for themselves, just like you said, and then pump it into oblivion. Is the /pol/'s le shmitah prophecy true? Is something bound to happen tommorow, on the 13th of September? Something that the whales know and want to utilize? I can imagine bitcoin and altcoins skyrocketing in times of depression.

>>742

also fuck, bitcoin just fell 7-10 dollars…

>>743

excuse the amount of posts

I wonder why does it fall though, all the news I read about bitcoin are positive, cryptocurrency startups getting millions upon millions of dollars of funding, the issue of block size is close to a temporary resolve, many big players are taking interest in bitcoin and the blockchain technology, why is it not flourishing and sky-high? I know there are people who manipulate the market, but it always made me wonder.

>>747

also, if a bagholder did want to cash out they wouldn't crush the market like this. this is like a %15 percent correction. You'd only see the market die that hard if it was suddenly discovered that there was some hidden premine somewhere (its happened before), or if it was discovered the core protocol had a knockout zeroday, something that would completely ruin any prospect of success. which we've seen nothing of. there's no news behind these movements whatsoever.

so stay calm and don't buy the hype. or actually do, if i had any fiat i'd be buying right now.

>>755

Well, I wonder why haven't I asked this earlier, because this was always on my mind, but here we go. Is the manipulation of the market by large players (those whales) like this legal? I guess no one would chase after them anyway, but making money basically out of thin air by moving money just because you have a lot of money seems like a grossly unfair move, ESPECIALLY when you're artificially pumping the market to your advantage. World is unfair and the ones at the top write the rules, I get it. But, so shamelessly and without any attempt to conceal their movement? Boggles my mind.

>>758

You're exactly correct, it is completely unfair. Although I'd have to ask why you weren't able to reach this conclusion sooner, much about our current lives is unfair, at least in the financial sense.

As far as I can tell all these problems come back to two things, fiat monetary policy and cash flow/velocity, ie the power to print money at will and the efforts necessary to keep that printed money accepted AND actively used in order to retain its influence/power. To put it bluntly, they wanted to build their own personal empire off the backs of taxpayers, same story in just about every great human empire. Except this time around people are more informed thanks to the internet, looking like they're starting to sweat.

Sorry to get a little offtopic there but it's necessary to understand why so little is done about it, it's the situation of the fox guarding the henhouse. Major institutional investors are like the Fed's right hand men, their activities compliment each other. You really gotta understand how much POWER exists within the ability to control the money supply, so much you can bribe, thwart etc anyone or thing that threatens your position. This is why so little is done and so little actually changes about the way the world runs. Money makes the world go 'round, and the central bankers control the supply of money.

So, to answer your question, yes price manipulation is illegal, but when everyone involved is making money the incentive to persecute it is low. Every time a huge scandal does come out they usually blame a couple 'rogue traders' as the culprits, pass some laws to 'reform the system' and then it's business as usual until the next scandal breaks loose. Usually the only news you hear on this are from pennystock manipulation rings that don't contribute much to the overall economy, helps keep the SEC (the 'market police' gov't agency) looking good, but every so often something big happens that gives a brief glimpse into how ugly the financial system really is. Check out the LIBOR scandal for an example of that, also AIG and the mortgage-backed securities fiasco that was the linchpin of the '08 crash. In the case of the '08 crash an entire bank had to take the blame/toxic assets (Lehmen bros), few if any of whose operators got any sentence for it, and then yeah guys problem solved lets get back to keeping things running as they always have.

It's a mad circus, I don't think I can do it justice writing about it myself because there are so many players and conditions. Just try to understand the basic nature of fiat money and the need to keep it running through the system for the powers that be to keep their power, and everything else about the world will fall into place. Thankfully though people are starting to wake up, and now that we have this history recorded forever on databases anyone with an internet connection can access it's unlikely we'll go through this bullshit again.

Once money becomes corrupted, everything its used for becomes corrupted as well.

>>760

Also make sure you understand the distinction between building a position, and price manipulation. It's illegal to use your influence to try to control the *price* of an asset, but building a position in a market and the price's subsequent rise isn't illegal at all. It's very much up to interpretation, if you're sly about it (and given authorities have an incentive to ignore it) you can get away with many things.

Also keep in mind the Fed just about literally funds the US Defense Department, aka military, so. Well, technically it's the taxpayers that 'fund' anything but ahaha ha hahaha

Gonna post my favorite clip on this kind of stuff, this guy was employed as an instigator of this whole empire-building through debt-based fiat money. His attitude and demeanor tell a lot about the psychology of the people running this system.

>>760

So it's just like I thought. Semi-omnipotent invulnerable jewish bankers with a REAL lot of money that lets them do whatever they want with the world. And we can't do anything, can we.

>>763

of course you can, educating yourself is the first step towards liberation. just try to understand what's going on and educate the people around you.

also get off the jewish-hate bandwagon, it's true jewish religion consents to usury but blaming everything on 'duh joos' is plain retarded. it shows how little you actually care to understand. that's like saying americans are the reason the world's oppressed, you and i are americans, so we've been the original instigators of all this? 'neocons' are a more accurate group to target if you need things dumbed down, but really it's anyone who is power hungry and seeks control of their environment, we're all to blame to some degree. just try to be a better person.

That 300btc buy wall hasn't budged all this time, and remains at the top of the orderbooks (its 80btc now). That's why the price has remained elevated like this.

For such a large order to remain for so long I would have to guess they're willing to accumulate at these prices. It seems too obvious though, to leave up such a large order.. I would've thought that would spur other people into buying up, which would be counterproductive to their goal.

If a time comes where the bids on the books become thin enough they could slam a red candle in there, we'll see. This seems very bullish to me, although such a large order doesn't seem right, I don't know if I'm being paranoid or what. We'll see. I'm watching apprehensively to see what happens.

>>776

For a while, it was almost like the peercoin price is inversely proportional to the price of bitcoin. When bitcoin went down, PPC went to 0.40 for a while, when bitcoin went up to 235, PPC went down to 0.37. I really don't fucking get markets.

>>778

That's simple enough, bitcoin goes down, people want to move into another coin. Not saying that's the exact reason, but it's a rational conclusion to meet.

Really though given how out-of-hand our whole monetary system has gotten you really can't get markets. There's so little transparency in the system and so much tension that anything can happen at any time. Just roll with it man. It's not something that can be controlled.

Well it's Monday, Sep 28th and the SPX dipped below 1900 for the first time since the Aug 24th crash, it's currently at 1888 and is really resistant to going back over 1900, spooky stuff. Bitcoin is behaving opposite, gaining as the markets fall. :)

Gonna post some graphs later after things flesh themselves out more.

>>783

Peercoin is not gaining, though -.-

Oh, Pump&Dump Lords, where are you now? ;_;

As a career NEET with a small amount of money, how hard would it be to get into cryptocurrency trading? I get the basics, but have neither traded in any form nor used bitcoin/altcoin before so know little about exchanges, etc.

Man all altcoins are getting raped against bitcoins volatility, I pulled out most my position yesterday, waiting for the right moment to get back in. If this keeps up ppc is going back to lower 30's.

>>802

It's pretty easy getting into trading, being profitable is something else entirely. Make an account on Poloniex.com or Bittrex.com, all you need is an email. It's very easy to handle bitcoin just make sure you keep backups of any wallets you hold locally, and always make sure whatever address you're sending coins to is correct. You are wholly responsible for your funds, no chargebanks, support, anything like that you usually find in modern banking. You lose your coins they're fucking gone.

If you don't care about being anonymous you can link a bank account to coinbase.com to buy BTC. If you want to remain anonymous buy locally through localbitcoins.com, though it's pretty futile to stay anonymous with the NSA world we live in.

>>802

also just to say, I encourage you give it a try, I fucked up a ton in the beginning and even though I lost money I still learned many valuable things about how the financial world works. It's a sense of money you can only get through taking real risk. Best of luck, and stay vigilant.

Honestly the best thing I've found in trading is to focus on not losing money, rather than making it. The one thing that's caused me to lose money the most was buying up and into a trend (i was right!!), then holding on the retracement back down (but.. but I WAS right.. so it'll come back!!).

Before you buy think about where you will sell to get your money back + any gains, and where you will exit to cut losses if it doesn't move where you expected. Follow that plan and you won't go broke. That's really all there is to it, people tend to make things more complicated than they need to be.

>>804

>>805

Thanks, I figured as much from reading things like >>682 that it's probably better to recover any initial investment when possible.

Would you recommend any minimum amount to start with, or would smaller = better for starting out until one got the hang of things?

>>806

Ideally what you should do is paper trade against the market, there are probably some apps for doing it against bitcoin. If you can discipline yourself to emulate your trades on paper until you're consistently profitable you're guaranteed to make money on the markets.

Of course a small portfolio is the most appropriate to start with. It's definitely more fun when you have real skin in the game, if you need that incentive to learn its understandable. Just start with a hundred bucks and see what you can do with it. And no matter how much money you have/make in the markets the cardinal rule is to never risk what you're not willing to lose. If you don't do that you're not trading, you are gambling. And the market is far more unforgiving than a casino.

It's totally possible, and frighteningly easy, to go bankrupt trading. Suppose you start with $1k and put it into something that goes up 100%, now you have $2k. Thinking you're a genius, you put $2k into something that then falls 70%. Now you're at $700. Even though you were more 'correct' on your first trade, you lost more on the second because you had more capital exposed.

If, after turning $1k into $2k, you took $1k out of your account and gambled the other $1k for a 70% loss, you'd still be up $300.

Also if you're letting your position fall by any greater than %10 you just should not be trading at all period. Nobody can call themselves a 'trader' if they're taking huge losses. Those people are gamblers. I was gambling on PPC, because I didn't have a set plan, because I didn't follow any rules I let myself be at the mercy of the market. The market just doesn't care about you, it's a wholly self interested creature, never be naive and think it'll care about you because you bought a stake in it, it won't.

Also, learn what a stop-loss (aka limit-order) is, and use them. It's basically an order you set to automatically execute when the price hits a certain point. So if you bought 1btc at 250 and think it could sink to 240, you set a stop-loss at 246.5 in case it trends back down. Just a way to trade without having to be on the screen 24/7.

>>807

Thanks again. I guess I'll have time to think about it a bit longer as I think I'd wait for BTC to go lower before buying in to it.

>start with a hundred bucks and see what you can do with it

That may be more towards the top end of what I'd be able to put into it, I have stuff to sell and can either buy something else or stick my neck out and try and make a bit of money here and there.

>>808

yeah, looking like we might trend back towards 245.

sometimes there are ways to pick up free altcoins, if you're willing to do bitchwork you could probably scrounge up a few bucks a day in crypto.

This is looking like a promising altcoin

https://www.myneucoin.com/en/

and by promising i mean promising to get a lot of market attention. it's just another altcoin in the end. But you can apparently earn some free coins just signing up for stuff, 75 Neucoins for taking some quiz, that's like 50c of bitcoin. you're not gonna make any level of serious money but it's a decent way to get started with cryptocurrency.

really though you (and I) should get a job. Check out reddit's /r/workonline, i made some decent money on UHRS judging search engine returns for accuracy.

well shit, I should've cashed out long ago (and write this post long ago to whine)

PPC is like 0,35 while BTC is 265, I should've never bought any PPC in the first place, well

I just hope for a pump and dump, I really do

I just want some fucking NEETbux damn it

>>812

Sorry man, I know I kinda went haywire and overanalyzed it in this thread but yeah, if you don't know why you entered a trade you won't know when to exit. I'm positive PPC will get pumped at some point in time but to know exactly when is futile. Better to sit back and monitor for a new bull trend. I should've followed through on my thought that BTC would benefit initially and sat in BTC as well.

There seems to be little resistance building on PPC's sell side. Looking like this could easily slide down to 32 cents. Don't blame me if someone buys up though, it could happen whenever with such a small, illiquid market. That's altcoins for you.

>>813

*little resistance building on PPC's buy(bid) side, fuck me. but yeah. books are unnaturally thin, it could easily slide back towards 30 to incite more panic selling.

>>813

Well, I'm losing faith that anyone will pump PPC, really. I won't sell at this point because it's retarded, but I doubt that there was any PPC pump in the first place. Just looking at the graphs - they all coincide with BTC pumps, no one gives a fuck about some shitty unknown altcoin lol. LTC was/is being pumped, sure, but PPC looks like it wasn't pumped on purpose, so to speak. And dollar was supposed to fall too, US economy was supposed to hit rock bottom and crash, there was supposed to be a le maymay shemitah happening, but nothing happened, like fucking always in this boring shit world.

$274 for a bitcoin, ouch.

>>815

it was 1200 at a time, and call me crazy but things don't seem worse since then.

price has been holding pretty well, last time bitcoin behaved like this (back in july) it made a sudden spike to 300. i'm waiting, if btc takes off i'm guessing ppc/btc pair will get smacked. setting some bids up between .00105-.0012

also started doing some light trading on poloniex, if i hadn't had all my eggs in one basket (ppc) wouldn't have been sideswiped as badly as i have been. feeling kinda guilty pushing it so hard here. that was fanaticism.

no idea wtf is gonna happen with bitcoin, it could dump after breaching 300 or fly on up to 350+.

pumps happen every DAY in so many markets, getting wrapped up in one is foolish. keep it on your radar and wait for the right time to strike.

betting bitcoin's gonna cross 300, maybe hit 310

all the attentions focused on btc, why most other alts are depressed. it's either gonna slingshot back or take a moon shot… there's no serious way to tell what BTC is gonna do, it's completely unprecedented technology.

>>818

>>823

Rule one of trading, never trust retarded strangers on the Internet. Like I said, there was never a pump. Not in PPC. In LTC, yes, but not in PPC. I could've made way more just sitting in BTC rather than ever buying PPC. All I can hope for is a pump to at least one dollar, otherwise I'll be at loss. Just lol @ NEETs trying to trade, just lol.

I wonder how bitcoin even got so much boost?

I mean, I never heard of crypto currency until media started hyping it up.

Can anyone here share how they came across bitcoins?

and how much did you originally paid for it?

>>824

can't disagree with you but there obviously was a pump to ppc. not that that means anything i guess.

>>827

bitcoin's getting a boost because cryptocurrency is legit. i came across it via reddit back in 2012, i'd heard of it when it was <$1, seeing it hold $5 told me it was real. bought in between $5-50, but had no idea what i was doing with markets and lost most my gains (not all thankfullly, i knew when to pull out). so here i am now logging my fuckups on /biz/.

we've been pretty steady at 300, the longer we hold above $300/2000 CNY the more bullish things will seem.

fyi china's where most the price movement's coming from, watch Huobi or BTCChina

https://bitcoinwisdom.com/markets/huobi/btccny

for the first time since bitcoins started its bullrun, altcoins jumped when bitcoin dipped

got some alarms set in case things go crazy, good to see this downtrend broken.

>>829

$330, 350 AT SIGHT

FUCK ME

>>839

yeah shits taking off, we broke through the previous high of 315 real fiercely.

this is way too parabolic though, it SHOULD settle around 300-350 for a month or two, but it's not a stock, it's bitcoin.

interesting times indeed

>>839

Wew, 0.45 a PPC, means I'm breaking even now (as if my gains are equal to ones I'd have made staying in BTC). I wonder if I should move into BTC or wait for the memic glorious PPC pump and dump.

>>841

lol, well said. it's your choice if you wanna hold or sell, i picked up some more around 38c. totally depends on what bitcoin is, as far as i can tell it's still bull market.

>>840

$377, WILL IT HIT $400, BUDDY BOYOS? HOLY SHIT WHAT THE FUCK IS GOING ON HERE.

>>845

probably, you should be watching this exchange: https://www.okcoin.cn/market.do

(better chart than the other two i posted)

china's where the initial price action comes from:

http://zerohedge.com/news/2015-11-02/reason-bitcoins-recent-surge-revealed

just remember to take profits. it's very easy to get caught up in upward hype and be left holding a bag after a huge correction. but really there's no telling where bitcoin can go, totally possible to revisit $1200 again. if you're using an exchange that allows stop losses/limits, USE THEM.

>>845

>>846

FUCKING 500 AT SIGHT, IS THIS THE EPIC MEMIC PUMP TIME? HOLY SHIT I AM DYING 0.55 A PPC 430 A BTC WHAT A FUCKING TIME TO BE ALIVE.

>>846

What kind of exchange do you recommend? I always just used purse.io lol

>>848

depends what you're trying to do, bitfinex/bitstamp are probably easiest if you just want to ride momentum. some of the chinese exchanges like bitvc.com offer futures and margin trading but you shouldn't get into that until you've practiced on paper. also, futures/margin trading with bitcoin is kinda shady, seeing as bitcoin itself hasn't really broken out yet as a mainstream thing.

>>847

hold your horses, look at 30m candles and you'll see this bull run started at 2300 CNY. could revisit there or keep going, who knows. I took some profit around 48c in regards to PPC, dunno where this is going.

>>849

Meant shapeshift.io lol

Anyhow, wtf is up with blockchain.info? Says the latest block was mined ~5 hours ago. Shapeshift is also fucking up my transaction, and in that 1 hour window BTC managed to fall from 495 to 460. Wow fuck my life.

>>850

i think i heard blockchain.info went down, google search bitcointalk.org or /r/bitcoin for news.

this bullishness is insane. i have no idea where this is going. i'm staying mostly in fiat. i gotta make an account with bitfinex and start using margin trading.. 3x baby

>>851

Well, it turns out the peercoin blockchain doesn't want to process my transaction and that's why I'm still fucking waiting still (6 hours and counting)

I guess the price slowing down a bit might have something to do with bitcoin technical problems due to the sheer transaction volumes from the Chinese lol

>>852

really, that's happening with peercoin? i know bitcoin's getting overloaded.

apparently bitshares can handle transactions well (coin you should keep an eye on)

also we're in a triple top right now, price has tried to break 3200 three times and failed, i think we're gonna see a huge correction

but who knows man

who the fuck knows

*3300, 3350. point is we've had lower highs and lower lows since breaking 3000, apparently this is a megaphone pattern (same pattern the S&P, major US markets are in now)

sooooo yeah let's watch and see what happens

>>855

You're right about taking your profits early, if I'd take action two days ago instead of yesterday, the slow exchanges wouldn't cut on my profits, $500 and $400 is really a difference.

>>856

yeah, you never go broke taking profits. for the first two years i was fanatical that bitcoin was going to revolutionize everything, that fanaticism kept me from caring about my balance. well, that and not being under financial stress already. unfortunately the reigning financial system is insanely resilient.

right now we just got a fresh pump up to 2600 on bitstamp, pretty sure it's just another bulltrap, might get lifted to 2750 then retrace back. it shoooould spend enough time languishing around to tell whether or not it bottomed out, but yeah, i'm just guessing here. price is keeping pretty strong..

unfortunately i didn't catch the bottom, fucking cancelled my orders at 340 (btce) when it was dropping and missed out.

>>857

*bitstamp -> okcoin damn i'm fuckin everything up.

Looks like bitcoin is gonna get wrecked again, glad I quit, no PPC dump in sight. I'll try buying some when it falls down a bit though. Lol @ bluepilled faggots in comment sections under low price announcment articles on bitcoin, all I see is coping "hurr durr it'll be 2k soon" wew lad

AAAH I gotta come clean, looking back at this thread i'm just embarrassed to read it. I got some things right but really there's a glaring error to my ranting about PPC, which i actually stated here >>688

>It MIGHT actually be more pertinent to hold onto bitcoin rather than PPC, since bitcoin will receive market interest first.

And if I had kept my dick in my pants and left it at that, my trading would have been a lot simpler, and a lot more profitable.

PPC is a more prestigious alt than most but it's still an alt. I'm still positive about my assertion in this post >>684, but until that shift occurs PPC and other such coins will be reactionary to BTC movement, it's rare for them to make moves against it (and when that does happen it's highly unpredictable). It's patently foolish to focus on a single alts price movement the way I've been doing with PPC.

I'm still gonna keep some PPC in a cold wallet, like I said earlier if you're not into trading but still want to get into crypto, just buy it when you KNOW it's low (21c seems to have been a reliable price floor), throw them on a cold wallet and come back later. But I'm not gonna hold it exclusively. Right now my account is %100 fiat, if I had dumped my stored PPC at 48c I'd have recouped %20 value that I've LOST thus far. Therein is the danger of focusing on one thing too much, you'll lose sight of when it's appropriate to take action.

I've got my profits made from that BTC bullrun locked into a PPC cold wallet @ a value of ~45c.. losing my profits.. I'm not happy with myself with this. Still grappling with myself whether or not I should offload some. This is what more experienced traders/investors call FOMO (Fear Of Missing Out). I am staying profitable, but not maximizing it for silly reasons..

>>860

Good job. I expect BTC to fall through 300. We're gonna have a few weeks to determine what price is acceptable. The previous price that was seemingly acceptable before the bullrun to $500 was ~220, 230. I'm planning to move back in around 250 but that target is tentative, have to wait and see what happens if we do break 300 and move lower.

Also please be aware, PPC has been dumping about as much as BTC has; earlier BTC moved from 373 to 303, 18.7% change. In that same time span PPC moved from 0.42c to 0.357c, a 15% change, and given the drastic difference in volume between those two markets a 3% margin of error is sensible. This is why so many people get screwed on pennystocks, 5-10c doesn't look like much but it still carries the same effect.

(also i don't want this statement to mean anything, but it seems to me it may, bids on ppc at btc-e have been pretty strong. refresh the orderbooks a few times a day and check for yourself, compare it to nmc or altcoins on other exchanges.)

Anyway, a lot of my ranting about whales and market manipulation is accurate but that doesn't make it any more fair for us. Unless you're trying to actively daytrade cryptocurrency (which is absolutely insane) just wait for price to near proven bottoms over the long term, pick some up if you want to invest in this, throw it on a cold wallet and wait for volatility to hit the market. Trying to make sense of this on a daily basis is insanity.

It's most likely PPC will continue to go down if BTC does fall through $300/1900CNY. If you're in profit, just take it. Lock in your profits, wait for opportunity to return before getting back in, don't leave yourself prone..

YOU WILL NEVER LOSE MONEY TAKING PROFITS. Prices never go from 40c to $400 in a single day, if you watch the market you will have time to buy back in.

>>861

FWIW I'm going to list the other altcoins I'm keeping an eye on, just to help get some people off this PPC bandwagon I naively engaged.

NeuCoin

%100 premined PoS coin with some serious angel investors backing it (http://www.neucoin.org/en/wiki/#angels), i've contacted the investor from Xapo and he confirmed he's involved with it. Looks like they've partnered with a lot of social media providers, seems their plan is to push NeuCoin adverts on all their platforms and possibly even integrate it as a method of payment. Seems like quite an exquisite pump n dump in the works. Current price is below their IPO selloff (the idea of having an IPO for a cryptocurrency is hilarious but whatever), it could go lower. Waiting to buy in on this.

VPNcoin

Another pure PoS coin that has a VPN client bundled into the coin's wallet. Chinese developer, I've tried out the wallet and the VPN works well on Windows. Currently the price is very low, and there has been some strong volatility on this in the past, as well as the dev remaining active (most important). I've got some of this left on a cold wallet, seems likely to get a serious pump, its market cap is pretty low currently at $430k.

BitBay

%100 PoS coin, supposed to have a marketplace built into the client, although there are already marketplaces being built for Bitcoin so it seems pretty superfluous. Price hasn't been too interesting though. Don't own any, just watching it. Not planning on buying any anytime soon.

BitShares

What I think to be the best cryptocurrency but I can't for the life of me determine what a proper price for it is. Bought some at 1300 which was its all time low.. and it proceeded to dump to 800 during bitcoin's bullrun. Watching it anyway because it does seem to be the best iteration of cryptocurrency for our modern economy.

Other good coins to watch are CounterParty (Overstock.com used these guys for something) and Ethereum (market cap is absurdly high, their smart-contract platform is a hot topic in crypto). They seem overpriced, but are good for trading if you wanna give that a shot. I've flipped CounterParty a few times, been bouncing around .003 for the past two weeks. Just remember to TAKE YOUR PROFITS.

>>888

and i should admit the ppc flips were mostly a fluke, bought at 42c expecting a bull market and got cold feet at 47c, still have more to dump at 47. emotional trading isn't trading.

Fuck bitcoin, why the fuck is this shit not falling? Fucking hell.

Sorry, I keep trying to post but 8ch blocks my VPN lol. Yeah, I'm sticking to my previous figures. I'm either gonna buy at 300, or 500. Everything's just getting thrashed right now.

Sit back and enjoy the show man. That's what I'm doing.

>>888.

>>903

>using a VPN/multiple VPN's to post on some anonymous taiwanese image board about Ponzi schemes

>>925

jesus that was 15 days ago… where's my life going

anyway bitcoin's kind of flailing around, ppc just hit 47c. that kind of divergence is good to see.

i'm getting doubtful bitcoin is going to be THE coin, there's so much drama in the btc community over where to go with it and nothing's really happening. i think it's gonna wind up in development hell.

literally no real difference between bitcoin and most altcoins, save its userbase. Also, US markets are starting to flail and show their weakness. Here's to a wacky 2016.

currently i'm 70% in ppc, moved back in at 43c. Really starting to regret not just going long at 25c, seriously trying to daytrade crypto is a fucking joke, even with bitcoin it's so volatile predicting daily movements is impossible. Much, much easier to predict long-term trends.

Also if I had just done that one trade, and held for a year, I would be able to claim ZERO taxes on capital gains. Instead i'm going to have to cough up the short term rate of %10-15. go fuckin figure. Shoulda just gone long and forgot about it.

gonna be a fun year.

>>943

aaaaand i royally fucked myself. impressive dump, ppc at 36c now, i'm working on buying more.

>>888

looks like this is playing out, $350/0.35c buy zone. I think you're safer off in certain altcoins than Bitcoin, namely BTS and PPC, both of which have been holding these all-time-low prices pretty well. I'm loading up now.

Now's the time to get some.

Bitcoin fell in price due to Criptsy being bankrupt and some Google asshole saying again that "Bitcoin is shit".

>>953

alright, a partner in crime. i think we're gonna see btc dump, looking to see if the S&P index holds over 1900 today.

also just wanted to brag about my VPNcoin call, bought in at 0.00000400 and it's 0.00002000 currently, i'm up 5x. I SHOULD DUMP THIS AND TAKE MY MONEY but i think i'm going to be a massive faggot instead and keep holding for now.

buy silver and crypto. i'm thinking about gambling on some SPY puts if the SPX gets over 1930.

cashed out 1/3 of my vpndicks at 5200, constantly selling small amounts at 6800 currently. moved some of my earnings into bitshares and neucoin, though waiting to see if they'll go lower. BTS had some strong bull movements today.

altcoins across the board have been volatile. even DOGE got pumped 3x. looking like 2016 is going to be a very interesting year.

Hey /biz/, can I do anything with 100 mBtc? I'm illiterate when it comes to money, I just thought this would be a nice place to ask.

>>1053

that's like 4 cents worth lol, not really. sorry man. definitely hoard it though, someday it could be worth 4, maybe 20 dollars. could be. who knows.

if you want to score on crypto i'd advise buying some peercoin, putting it on a paper wallet, and forgetting about it until the price is $5+. If you're going to invest in crypto at all make sure you own some Bitcoin as well, it will be leading the pack for quite some time. Best of luck.

other coins that are good holds, in order of reliability (in my opinion ofc, reach your own conclusions):

XPM - 1/10th the market cap of PPC and will probably trail its success.

BTC - Just hold some.

NEU - Looks like it'll get pumped in a huge marketing campaign, however there's a ton of coins in circulation so I dunno how volatile the price can get.

BTS - Lots in circulation, about the same market cap as peercoin, but has hands down the best community behind it in the crypto-universe.

XCR - Fully mined supply that is full PoS. Seems ripe for a pump, could be a scam, don't hold much of this and be ready to dump it for profit.

VPN - Recently pumped, this could keep going up as the supply is fully mined and it's full PoS. Dunno if it's gonna hold it's current price or get dumped.

Risk = Reward. You may lose money, you may make money. Good luck.

Also KEEP RECORDS OF YOUR TRADES FFS, everyone's gotta pay their taxes.

Taxes are bad.

There should be no taxes.

>>1072

I was wondering why btc had tanked yet again.

>tfw I sold out at the aud$640 high this time.