Alt Coin Thread (Vertcoin, OMG, CVC, PAY etc).

99 Bortles of Beer

Last week was my first crash.

Perversely enough, I'm looking forward to the next one :pac:

WhiteMemento9

99 Bortles of Beer wrote: »

Last week was my first crash.

Perversely enough, I'm looking forward to the next one :pac:

tbh, it isn't as exciting the second time around. You always remember your first time.

Whelo79

The trading volume has been so small across all coins on Bittrex the last few days. The top trading coin is usually x3 or x4 times the current volume.

Wombatman

99 Bortles of Beer wrote: »

ATH improved upon today. Currently at $8.50.

$9.40 now on Binance. Sweet.

99 Bortles of Beer

Wombatman wrote: »

$9.40 now on Binance. Sweet.

$9.50 now. Performing fantastically. Expecting a dip so I'm considering selling now, and restocking on the dip.

will56

Are people spread across multiple exchanges in order to get exposure to the most Alts ?
Im just on Bitstamp and Bittrex at the mo, feel like I'm missing out but at the same time the limited amount of alts means I avoid FOMOing hard

SteelyDanJalapeno

I've done the same with VeChain, up 300% now.

Sold and buy orders in for the inevitable dip.

99 Bortles of Beer

SteelyDanJalapeno wrote: »

I've done the same with VeChain, up 300% now.

Sold and buy orders in for the inevitable dip.

Just got rid of mine at $9.49.

What price are you buying back in at?

ZeroThreat

99 Bortles of Beer wrote: »

$9.50 now. Performing fantastically. Expecting a dip so I'm considering selling now, and restocking on the dip.

99 Bortles of Beer

At least I can't be accused of aftertiming!

SteelyDanJalapeno

99 Bortles of Beer wrote: »

Just got rid of mine at $9.49.

What price are you buying back in at?

Have them set for $6

Autochange

Sold mine at 9.42. it's my biggest holding by a country mile. Praying for a correction for the rebuy

Tinder Surprise

Anyone any input on this....

Some folk have noticed a trend when it comes to the price of USDT (Tether) and are using its price fluctuations as an indicator that the whales are dumping alt-coins.
The theory is that whale groups are using USDT as a bridge currency when they dump and crash the alt-coins.

When the price of USDT spikes suddenly then the dumping of altcoins begins within moments of each other. To use it to your advantage then buy when there is high volatility in the USDT price and you'll be closer to the dip they say.

One guy has even developed a website graphing out past events and monitoring current volatility:

Altcoin Volatility Index

*note the volatility index go from:0 to 100 on Jan 18th

garrettod

VeChain (VEN) price hits new all-time-high following announcements

BrokenArrows

Anyone have an opinion on Cindicator Cnd.

I bought 1000 on a random coin gamble but seems to be rising now.

They are involved in creating trading bots.

Autochange

BrokenArrows wrote: »

Anyone have an opinion on Cindicator Cnd.

I bought 1000 on a random coin gamble but seems to be rising now.

They are involved in creating trading bots.

I've read a report stating to buy to 30 cents.
Palm beach confidential.
Take what you want from it

SteelyDanJalapeno

SteelyDanJalapeno wrote: »

I've done the same with VeChain, up 300% now.

Sold and buy orders in for the inevitable dip.

99 Bortles of Beer wrote: »

Just got rid of mine at $9.49.

What price are you buying back in at?

Well thank f*ck I wasn't near the phone/internet when VEN went on that run this morning. It would have been very tempting for me to sell at least 25% of my stack and try to buy them back on a dip.

However, I got burned doing this a few weeks ago with ICX. For about 10 days, I watched it rise from about $4.80 to $6.80 and then back down. That was its daily routine for far too long, so long that I decided to do a bit of day-trading with it to try to increase my overall hold. It was 'sure' to work in my favour, given ICX's price movements of the previous 10 days.

Well, the day I decided to sell 50% of my ICX stack at the 'high' of $6.50, was the day that ICX jumped off from $6.50 up to $13. Even with the crash last week, ICX still hasn't dipped back down to that $4.80 that I was hoping to buy back in at, the price I was sure it would dip back to.

Ever since, I've been trying to regain those lost ICX through various dips, but I'm basically lucky to get them back for the $6.50 'high' I sold them for while trying to be a trading wizard timing the market. In the end, that whole ICX move has proved essentially pointless for me, as well as time-consuming.

Look, there could be another crash next week (or tomorrow, or in 2 minutes!) where we're looking at a $3.50 VEN, and I'll be kicking myself that I didn't sell some at the current price of $8.50. Fact is though, you just don't know what's going to happen in this market. Trying to time the crypto market is very dangerous ground IMO, unless you are a whale who can make huge gains from a price changing by a mere 10 to 20 cents. For most of the rest of us, the risk just isn't worth it from my experience.

For the last few weeks online, according to anyone 'in the know' about VeChain, the price was going to simmer around $4.50-$7.50 until the end of February when they have their rebranding event. No one knows anything about how these prices are going to move. The few people who do aren't posting about it on social media.

So that's my story, and the dilemma I face when trying to day-trade and increase my portfolio in the alts I want to hold long-term. With alts I'm only looking for a quick buck from, day-trading is fine. However, trying to time the market to increase my stash in a long-hold coin is just not worth it from my own experience.

I hope it works out long-term for the two posters above, and it's already proved profitable for SteelyDan. Even though I'm betting strongly on Vechain taking off to great heights, I want the chance to put more FIAT in at a lower price than the current double-digit highs. I hope that dip comes, but because of what happened with me and my ICX, I have to laugh in agreement with Zero Threat's Bill meme.

We all know from school that Caveat Emptor means 'Let the buyer beware', but does anyone know what 'Let the seller beware' is in Latin? :pac:

SkySter

Deleted User wrote: »

Well thank f*ck I wasn't near the phone/internet when VEN went on that run this morning. It would have been very tempting for me to sell at least 25% of my stack and try to buy them back on a dip.

However, I got burned doing this a few weeks ago with ICX. For about 10 days, I watched it rise from about $4.80 to $6.80 and then back down. That was its daily routine for far too long, so long that I decided to do a bit of day-trading with it to try to increase my overall hold. It was 'sure' to work in my favour, given ICX's price movements of the previous 10 days.

Well, the day I decided to sell 50% of my ICX stack at the 'high' of $6.50, was the day that ICX jumped off from $6.50 up to $13. Even with the crash last week, ICX still hasn't dipped back down to that $4.80 that I was hoping to buy back in at, the price I was sure it would dip back to.

Ever since, I've been trying to regain those lost ICX through various dips, but I'm basically lucky to get them back for the $6.50 'high' I sold them for while trying to be a trading wizard timing the market. In the end, that whole ICX move has proved essentially pointless for me, as well as time-consuming.

Look, there could be another crash next week (or tomorrow, or in 2 minutes!) where we're looking at a $3.50 VEN, and I'll be kicking myself that I didn't sell some at the current price of $8.50. Fact is though, you just don't know what's going to happen in this market. Trying to time the crypto market is very dangerous ground IMO, unless you are a whale who can make huge gains from a price changing by a mere 10 to 20 cents. For most of the rest of us, the risk just isn't worth it from my experience.

For the last few weeks online, according to anyone 'in the know' about VeChain, the price was going to simmer around $4.50-$7.50 until the end of February when they have their rebranding event. No one knows anything about how these prices are going to move. The few people who do aren't posting about it on social media.

So that's my story, and the dilemma I face when trying to day-trade and increase my portfolio in the alts I want to hold long-term. With alts I'm only looking for a quick buck from, day-trading is fine. However, trying to time the market to increase my stash in a long-hold coin is just not worth it from my own experience.

I hope it works out long-term for the two posters above, and it's already proved profitable for SteelyDan. Even though I'm betting strongly on Vechain taking off to great heights, I want the chance to put more FIAT in at a lower price than the current double-digit highs. I hope that dip comes, but because of what happened with me and my ICX, I have to laugh in agreement with Zero Threat's Bill meme.

We all know from school that Caveat Emptor means 'Let the buyer beware', but does anyone know what 'Let the seller beware' is in Latin? :pac:

Don't beat yourself up. I completely missed the boat on VEN but got in early on ICX. You can't win them all. This is a completely unpredictable market. I spent a lot of time in the early days studying TA and trying to anticipate price movements. I've concluded its a complete waste of time. All I do now is review my portfolio every couple of weeks. I think more time spent on research and the less on trading seems to be working better for me and a lot less stressful.

BrokenArrows

I wish I could erase my memory of my holdings and just come back to them in a few years.

Zascar

BrokenArrows wrote: »

I wish I could erase my memory of my holdings and just come back to them in a few years.

I have not looked at my portfolio once in almost a week since the first dip. I don't plan to look at it until the market recovers. No point it will only piss me off. Now i no longer check it 10 times a day I'm just leaving it be...

MIN2511

Zascar wrote: »

I have not looked at my portfolio once in almost a week since the first dip. I don't plan to look at it until the market recovers. No point it will only piss me off. Now i no longer check it 10 times a day I'm just leaving it be...

Seriously? I have to look at mine, it's calling me. Every 15/20 minutes.

Tinder Surprise

Tinder Surprise wrote: »

Anyone any input on this....

Some folk have noticed a trend when it comes to the price of USDT (Tether) and are using its price fluctuations as an indicator that the whales are dumping alt-coins.
The theory is that whale groups are using USDT as a bridge currency when they dump and crash the alt-coins.

When the price of USDT spikes suddenly then the dumping of altcoins begins within moments of each other. To use it to your advantage then buy when there is high volatility in the USDT price and you'll be closer to the dip they say.

One guy has even developed a website graphing out past events and monitoring current volatility:

Altcoin Volatility Index

*note the volatility index go from:0 to 100 on Jan 18th

Ohh look USDT is rallying and has a 50%+ swing this evening.

This is gonna get uglier before it's get a any better me thinks.

*deletes Blockfolio app from phone

Autochange

MIN2511 wrote: »

Seriously? I have to look at mine, it's calling me. Every 15/20 minutes.

Same. Nothing wrong with it either. Especially since things are so unpredictable

Yelnahs

There is a lot of talk about Elixir on Bitcointalk. Currently $.66 with an ATH of $2.33, might pick up a few.

Wombatman

Hoping VEN to move again in the next few hours.

Yelnahs

Wombatman wrote: »

Hoping VEN to move again in the next few hours.

Hopefully. ICX's mainnet release is tomorrow too

Radsky

CANYA coin the only green in my portfolio. I don't even know why I bought this coin.

grindle

COSS up 60% today. Very nice.

Autochange

Anyone have some good site names for researching ICOs? I always seem to hear about them when it's too late

Yelnahs

Yelnahs wrote: »

Hopefully. ICX's mainnet release is tomorrow too

It sure is. Considering it's already 'tomorrow' in South Korea, we should hear some news soon enough.

However, this launch has been long known about. As an ICX holder myself, I'm thinking that this mainnet launch may already be factored into the current price. That's not to say that I don't expect some positive movement for ICX in the next 24 hours, I just don't expect it to go parabolic because of the mainnet launch.

Great project though. I'm planning on holding for 2018. Whatever about the price of the coin, I'm expecting the project to go far. Especially with some positive news and important clarifications coming out about Korean banks and exchanges and government regulations over the last 24 hours.

(In short: Korean citizens are allowed to resume trading, exchanges will resume taking new registrations from next week, SK government are not banning crypto trading, at all, just regulating)