Crypto thread

His fund is only $22 billion nbd 

Im sure his decision won’t rattle the hedge fund world 

It is interesting watching the bid and ask on pro coinbase, you can see buyers and sellers and their sizes in real time and as trading goes...and this move up has been filled with sellers trying to slow it down...the price stabilizes a little and sellers try to throw some size onto the offer as if that will make the price go down. That is a short seller trying to push the market lower or to contain the move up...and in return if a short has to cover usually that will come at a point where they are forced into the market and it pushes things higher.

I will be VERY VERY curious if it moves to 10k today what the size on the offer will be...I'd imagine it will be a monster size like Ive never seen.

On coinbase there were 300 on the offer at 10k, the biggest total Ive seen but I bet they blow through that sucker and move higher.

Well that was fast....it just got blown out of the water and moved past 10k. They will keep testing that and lets see if it moves past it without dropping below too far.

I really need to figure out the best crypto exchange as to price and bid/ask entry...that is my task for the weekend. This coinbase setup is a joke and I dont want to be part of it any further.

I use Bitbuy personally being Canadian.I think they are all very similar as far as bid/ask.I think they are very much like an escrow in that just can't lose.Feel free to let the thread know what you find.Thanks very much 

Probably Binance or Bittrex 

What do you want to do hop in and out of USDT? 

Well I might as well spill the details now.

I sold the lot I had and I am mad about it. So my trade time was at 7:43 EST per that awful Coinbase site...and it was trading around 1015 to 1012 or so, and I thought it was a decent time and it would retrace tonight.

So I had in a tab the coinbase pro up which has bid/ask current and active, real time in one window and coinbase moron in another loaded to sell my 1 BTC.

So I was waiting until it was over 10k with a fair ammt of flexibility and I sold it...well coinbase sells it at 9948 which was a full 50-60 bucks below market price. If you look at pricing that was nowhere near the price at that minute, nowhere near. On top of that they charge me a fat 1.5% fee so I ended up netting 9800 on the trade.

No more coinbase for me. I like the pro and I will keep it up so I can track bid/ask which I like but their order entry on the basic is moronic and their fee structure stinks.

I was looking at Kraken and their fee spreads are .16 to .26 but I am not sure how solid they are or how reliable, I dont know. Ill  look at Binance and Bittrex and see too and Ill open an acct tomorrow at one and go with it.

Oh and I transferred to my bank, that takes FIVE FREAKING DAYS....what the crap? Thats like 1980s banking right there...so much for cost effective and fast. My bank acct is verified and used to fund.

Yeah I’ve done the same thing before. 

KuCoin, Bittrex or Binance are all good for selling into USDT and trying to buy more BTC back lower. 

Binance US is KYC (know your customer) so it’s kind of a pain in the butt to get set up. KuCoin is partial KYC. 

Coinbase is only an on-ramp and wallet. 

Also you want to just sit on the exchange in USDT or another stable coin until you buy back in. 

Only send to bank account when you’re selling for good or you need the money. 

Pretty sure everyone has made that mistake with coinbase. 

You’ll like Binance. 

Binance for sure 

Well I didnt make a mistake on selling, they screwed me. I was watching it and they nailed me. If you look at a chart for that time, that was nowhere near the high or low on that minute.

I'll have to do some researching on all those exchanges and decide.

That is actually great advice especially for anyone living in Canada.Just about every time I've sold I left the money in the exchange and bought back very simply.If you are in Canada the second that cash hits your bank account it's called "capital gains" and you owe tax on 50% of it unless you can prove losses on other investments.DON'T SEND THE CASH TO A BANK UNLESS YOU NEED THE MONEY OR ARE DONE!

And wallstreetcappers really "FIVE FREAKING DAYS" to get the money???? It must be A LOT of money or you live in a third world country??? I had money last June sent to my bank account because of a property tax I had to pay and was kinda pissed it took over an hour.

Good luck everybody 

It was only 10k or so and yeah I was ticked off about five days, its absurd. I am used to same day or even an hour, not five stinking days.

Five days is "absurd".

Wall you crack me up. 

I remember being PISSED trying to tether and buy back more at a lower price on coinbase. I timed it perfectly, BTC dropped like 10% and I bought back less BTC than I started with because of all the fees. 

You’re going to pay fees again when you buy. 

I bet it’s in your account tomorrow or Monday at the latest. 

Start setting up a Binance account. That place is safe, has one of the best platforms and has a ton of volume. 

Plus they have a decent selection of altcoins. You’ll want access to altcoins if/when altseason starts.

Yeah it isnt that I need the moolah I just hate inefficiency and being overcharged for anything.

Binance Ill check it out, I should have done more research the first time.

This is a thread on twitter from Raoul Pal. You can look up his credentials if you’d like (they’re pretty good). He has charts in some of these tweets that obviously can’t be posted but you’ll get the idea. 

1/

Chart 1 - The Perfect Wedge.

If you use classic charting techniques, it gives you a price target of around $40,000...but

2/ 

Chart 2 - The Perfect Wedge on a Log Chart

Well, that gives you a price object for this run potentially (key word - potentially) of $1m.

3/ 

Chart 3 - The Perfect Regression Channel

That gives a 1 standard deviation move to $400,000 and a 2 standard potential to $1m (potential).

4/ 

Whatever plays out, after a KEY technical break like today, the probability of vastly higher prices has risen dramatically.

And this is confirmed by the stock to flow models by @100trillionUSD and the breakout has happened almost exactly at The Halvening.

5/ 

Add to that the ENTIRE worlds central banks are either seeing their currencies collapse to the almighty dollar (BRL, TRY, ARG, etc) or they are printing money like CRAZY.

HUGE quantitative easing fiat meets the hardest money that automatically quantitatively tightens. BTC wins.

6/ 

This is the one of the best set ups in any asset class I've ever witnessed...technical, fundamental, flow of funds and plumbing. All. Now.

Again, to be clear, even if it has 90% odds, doesn't mean its definitely going to work...I can and will be wrong...often and dramatically.

7/ 

Good luck. 

Expect HORRIFIC volatility (both up and down) but you cant make 5x 10X 100x returns without large drawdowns so be CAREFUL how much you put in.

It always feels like you have too little until it doesn't and then you wish you didn't have so much!

I know this sounds like a crazy question in a crypto thread but what is the strategy going forword?? I plan to hodl and wait it out.If the market does go bearish when do you buy more ($9200 usd?)

Hodl for me. 

My days of trying to time the crypto markets are over (easier said than done). 

I would think about selling in 12-24 months after massive gains. 

Im talking BTC $50k+ 

ETH $3000 

ADA $1 

COTI $0.50 

Gains like that. Then sell. And probably still hold some BTC. 

I'm no expert at this believe me.I've done really well but way more to do with luck than skill or knowledge.I think btc time is this fall not right after the halving thats why hodl for me.There is more "helicopter" money out there than ever before.I think fiat is in trouble but then again I'm not an economist.I'm in 7 different coins but btc is 80% and btc/ltc/eth combined 90%.

4% xlm which I find the most intriguing.

Anyways seriously good luck everyone.If btc goes bear I will buy more.Maybe I will retire early maybe die broke but at least I did it my way.

I look forward to checking out this thread in the future.Stay safe people

I gotta say that the order flow on Binance is lousy and the spread is terrible. One thing I was intrigued with about kraken is they have futures as well as the coins themselves. I like the fees on Binance but I dislike that spread.

I havent looked at all the sites but sheesh it seems tough to find something that has all you want.

Sign up for both 

Send some BTC to kraken for futures and use Binance as a wallet that you can hop in and out of USDT/BTC and buy/sell alts