Quake3World

11,000$ ATM If you bought when it was down to 2k 6 months ago you're laughing now. Expect it to go back to 20k (bad time to buy right now though)

If you expect it to go to 20k, why is now a bad time to buy?

Also, it hasn’t hit 2000 since 2017...

Yeah you're right, it was near 2k though around 6 months ago I recall seeing. I shoulda bought some then cause I knew it was going to go back up. I think going forward I'll be buying it up at 6k and under.

Κracus wrote:Yeah you're right, it was near 2k though around 6 months ago I recall seeing. I shoulda bought some then cause I knew it was going to go back up. I think going forward I'll be buying it up at 6k and under.

It's easy to play captain retrospect with trading. Make a decision and follow through

Been making a tidy profit as of late... Despite how long it's been out there's still enough skepticism and fear out there to classify this as new technology. New ideas and applications are being built every day in the crypto world. It's probably going to be going downhill soon though until summer/fall but 2023 around December is going to be big.

It's at like 30 grand now, right?

My colleague showed his empty bitcoin wallet which used to contain 1.2 bitcoin or something like that, which he sold for $300 or so believing that's as high as it would go.

It went up to 50k CDN at one point here.

So.... Yeah I've been heavily adding to my etherum holdings over starting directly after the January dump. Sold it yesterday for some substantial profits and bought more today. This isn't financial advice, don't spend money you're not willing to lose but jesus christ this is like printing money. Went from 1250$ to 1650$ in 2 weeks, kinda wish I had put more into it. I've also been looking into developing apps with Ethereum and the technology behind it is extremely promising. Like, 1600$ is wildly undervalued for it, I wouldn't be surprised to see Ethereum surpass bitcoin in the future.

I bought XRP and IOTA back in late 2017. Bought it on Binance and hadn’t touched it since then. With all that’s been going on, I thought I might want to move some around and do some converting or trading. So I went to log into Binance and they said they no longer allow USA citizens to access the exchange. My crypto was just stuck in there. So last night I VPNed from Amsterdam and pulled all my coins out of there. Ended up just signing up with Binance.US and dumping it all into Etherum. I’ll keep it there until I see another opportunity to jump on...

Well that certainly sucks, I use coinbase pro, different than coinbase. I have looked at other exchanges though as I'd like one that I can short too as I don't do that currently, and can't on coinbase pro.

I've never been a fan of XRP and the recent lawsuits surrounding it has not helped my frame of mind on that particular crypto.

Crypto's I avoid at all costs.

BCH
XRP
MANA

I just don't trust those or any crypto that seems centrally controlled. I mostly deal with the following.

BTC
ETH
UNI
BAT
CVC
USDC (this is my stable coin of choice)

I HAD been trading with a dozen more in the past but I've reduced the number of cryptos I trade with due to the difficulty of knowing when a trade is profitable when you can't measure it directly against the USD... It's kinda tricky to explain but some cryptos can only be bought with BTC so if BTC is going down in price it looks like I'm losing money when comparing it to the USD even when sometimes the trade isn't neccessarily bad. Since then I've been pretty strict about trading only with currencies that trade against the USDC because it's value is in parity with the USD at all times.

I'm always reading up on crypto news too so I generally know which ones to avoid when I read about scams and whatnot surrounding certain coins. Other coins worth checking out:

COMP
ALGO
XLM
LTC

So COMP and ALGO have staking options too that generate more of that particular crypto along with an interest rate increase compounding your return in exchange for staking which lets them have liquidity to lend crypto which they also earn interest on. Pretty interesting stuff.

We're at a point now where crypto can be likened to the internet in the late 90's. It's become a technology most people have heard of but that few people use.

Check out ADA.

Κracus wrote:From 1250$ to 1650$ in 2 weeks, kinda wish I had put more into it.

So you made 400$?

How many hours did you spend on this?

That’s the price of Ethereum. He means a 25% increase on investment.

Pext wrote:

Κracus wrote:From 1250$ to 1650$ in 2 weeks, kinda wish I had put more into it.

So you made 400$?

How many hours did you spend on this?

For ETH not much as I've been holding ETH since 2017. I trade every day though while I do other things, pretty much in between races on GTAV or matches in Apex I look at candlestick charts to see what look profitable. Trades will take anywhere from 10 - 15 minutes all the way to a full day to complete. Sometimes I lose but I try to be patient and I generally aim for 2% profit with 1% risk. It's not unusual to get 6 to 10% though. On average I do about 4 trades a day and I'm kinda aiming for a consistent profit of 300$ a day. If I achieve that, and I'm a long way off, I might consider leaving my job to do this full time.

edit: by not much I meant the time i took me. I could sell my ETH right now and pay off my motorbike if I wanted to...

shaft wrote:Check out ADA.

Yeah I have, there's a lot of crypto's that look super interesting like Polkadot, ADA and others. I'm currently experimenting though and I will only trade with coins that go directly against the USDC and I'm only trading on coinbase so I can only trade coins that they allow on that platform. Trading against the USDC though has thus far made it very easy to always profit. Could just be that the market is bullish though.

It's pretty funny reading through this thread again and all the posts of people laughing at me. Also, I railed against XRP/Ripple WAY back in the day, I knew that currency was trouble way before it became mainstream news. In fact, I made so many accurate predictions it's kinda ridiculous. Am I bitcoin jesus? :p

LawL wrote:

Κracus wrote:Yeah making money IS hilarious.

That's why I'm laughing and you're not.

This comment is from 2014. lawl got destroyed so hard it registered on the richter scale.

Κracus wrote:
For ETH not much as I've been holding ETH since 2017. I trade every day though while I do other things, pretty much in between races on GTAV or matches in Apex I look at candlestick charts to see what look profitable.

I'm not trolling you but don't you have kids? (sure you did). Where do you find the time to play so much xbox, work and trade?

My oldest is now a teenager and my youngest is turning 11 on Monday. Yeah... it's been that long since I posted a picture of my oldest son on this forum. You generally won't see me playing xbox during the day as I'm at work, got that job promotion I applied for btw, I'm a sysadmin for a, not ironically, consumer financial regulations board, basically a private corporation that became a crown owned company. I don't just play video games though although I definitely play a lot, often with my kids as I have several xbox's setup in my house but it's by no means all I do. I'm often out on my motorbikes or working on them and have some friends I hang out with up-town although I haven't been doing that as of late since covid. Like said, trading is something I do in between matches of apex or races. I have a laptop open in front of me while I game on my flat screen and I just peruse the market and buy when I see certain conditions. Some days I make no trades at all and trading is actually something new I've been doing. I didn't really trade before, I mainly bought and held the coins.

BTW if anyone is interested in trading I highly recommend using this web site.

https://www.tradingview.com/

ah, i had it in my head they were young for some reason. Going to wait for the next crash then put some spare down.

What's Coinbase like?

I like it, seems safe and secure however their support is absolutely horrid. My advice is if you add a second layer of security, which might not be optional anymore, make sure you keep that shit up to date yourself. Don't rely on their support to fix it for you if you switch phone numbers for example, get that shit sorted before you do something like that.

Also, coinbase and coinbase pro are vastly different. For trading, definitely use Coinbase Pro. In fact, beyond the purchasing of crypto's you probably shouldn't store your crypto on the coinbase site although I'm guilty of doing that and actually still have a fair amount of coins on there. You can transfer coins from coinbase to coinbase pro for 0 fees though and trading on coinbase pro is chepaer because they have much lower fee's. Especially once your trading volume exceeds 10,000$ which may sound like a big number but can be reached pretty easily, I'm currently in that bracket and likely will stay there until I hit 50k at which point I'll get even cheaper rates. They charge 0.5% for transactions, 0.35% at 10k and it just gets cheaper from there, that 0.15% is huge though, it makes it far easier to make small profits on trades that aren't going anywhere which is nice. Also, if you sign up on coinbase you can watch these videos that'll earn you free crypto, they're pretty short and well worth doing when you're not busy.

Also, in regards to a crash, ETH right now is hitting an all time high... It's tricky to predict a crash because when you hit that ATH there's few sellers above those prices which causes the value of it to soar. I would not be surprised to see ETH worth more than bitcoin in the near future, there is just so much potential with it. It might never get back to the prices you see today. Bitcoin however... I'm not sure. It could keep rising, because it's so institutionally adopted at this point it might always remain at a high value and if that happens then it'll only get higher as it's availability dwindles.

Of course with dinosaurs like Janet Yellen in power in the US it could come crashing down because those people are inherently against these technologies but it's a genie they've already released and good luck putting that back in the bottle but it might make the price drop... maybe.

At what point would you move to a hardware wallet?