The Litepresence Report on Cryptocurrency

[PaulConventionWV]

I've almost given up on the ltc/btc moon so jumping back and forth from ltc to CNH on btc-e. I'm not sure what I am doing, but picking up around 30 LTC per day doing it, which for me is far better than my past history of losing coins. I'm buying around 7.75 and selling around 8.37 .

Nice to see you're having some success. I wait for the bigger moves, myself, but if you're making money, more power to ya. Just don't get in over your head.

Remember, there are 3 phases to any market: trend, reversal, consolidation. I try to wait out the consolidations and just focus on the trends and reversals.

[muh_roads]

I've almost given up on the ltc/btc moon so jumping back and forth from ltc to CNH on btc-e. I'm not sure what I am doing, but picking up around 30 LTC per day doing it, which for me is far better than my past history of losing coins. I'm buying around 7.75 and selling around 8.37 .

lol



Making money is making money. Glad you found something that is working out.

Are you watching the MACD on the 15m and playing the humps?

[Dianne]

Nice to see you're having some success. I wait for the bigger moves, myself, but if you're making money, more power to ya. Just don't get in over your head.

Remember, there are 3 phases to any market: trend, reversal, consolidation. I try to wait out the consolidations and just focus on the trends and reversals.

I really don't understand any of that stuff. I assume trend means going up or going down from the red or green candles? Reversal is what happens when I buy btc or ltc in an upswing and it tanks within minutes of my buying.

Is there an easily understood "investing in btc for dummies" website or book out there?

[Dianne]

lol



Making money is making money. Glad you found something that is working out.

Are you watching the MACD on the 15m and playing the humps?

lolol.... no. I keep reading stuff about MACD in this thread but the results never seem to be as predicted. I'm still "all in" on LTC but jumping back and forth to CNH waiting for the big ltc/btc ship to come in lolol.... I am beginning to think the ship sunk.

[PaulConventionWV]

I really don't understand any of that stuff. I assume trend means going up or going down from the red or green candles? Reversal is what happens when I buy btc or ltc in an upswing and it tanks within minutes of my buying.

Is there an easily understood "investing in btc for dummies" website or book out there?

The guy I learned from recommended these books. I haven't actually read any of them, but I think they will probably help you understand why the market seems to be working against you. It happens for a reason.

"Trading in the Zone" ~Mark Douglas
"The Mental Game of Poker" ~Jared Tendler

[PaulConventionWV]

Here's an idea I found really intriguing that I think may play out if we make a run at $160 again. Note that this bubble appears very similar to the one back in 2011, except on a much larger time scale.

[muh_roads]

pres,

I just made the connection between Mellon Bank and Ripple. There are rumors they have centralized nodes monitoring their decentralized blockchain with "Coin Validation" technology. The son is heir to the Mellon Bank fortune that manages $27 trillion with a T. He wanted to start a company called Coin Validation that wanted to paint BTC into two colors, black and white. White being verified. Black having been discovered to be connected to the dark web. Which needs a White cleansing to be re-issued to you.

He has a major seat at the Ripple table.

Man, AVOID Ripple. lol

[muh_roads]

Here's an idea I found really intriguing that I think may play out if we make a run at $160 again. Note that this bubble appears very similar to the one back in 2011, except on a much larger time scale.

I almost bought at that price bottom. I think it was $2.50 when I first deposited a fraction of a coin (12 cents worth I think). I remember playing with my nVidia card trying to mine BTC in Nov. 2011. But I waited a year to actually get in. Oops.

If that chart is extrapolated out and overlay on top of the current situation, are we now talking somewhere between 80 to 120 if 120 to 150 is breached as our bottoms?

I'd still like to think there is going to be one more whale pamp up to $300 before that is attempted. If fat Adam GuerGarbage's group on Twitter...or any group...is planning a big pump they need to make more waves (accumulation) before they do it I'd think...

One thing I am noticing. OKCoin is losing control. The other exchanges would always follow in their foot steps. But Bitfinex seems to be taking the reigns now...at least sometimes.

[presence]

Did you lose a lot at Mintpal? I'm sorry to hear that. Now your hiatus last year makes more sense

I had a little over 90% of my holdings at mintpal when they went offline.

I had great faith in mintpaljay and mintpaljason, had many conversations w/ them in freenode... I thought all was cool. Then they sold out to that alex green guy... I really wasn't aware of it until it was too late.

I got destroyed; I thought about walking away from crypto... one of the things that brought me back was you guys keeping this thread alive in my absence.

[presence]

White being verified. Black having been discovered to be connected to the dark web.

lol I wish we could do that with coins taken by fed seizures.

[PaulConventionWV]

I had a little over 90% of my holdings at mintpal when they went offline.

I had great faith in mintpaljay and mintpaljason, had many conversations w/ them in freenode... I thought all was cool. Then they sold out to that alex green guy... I really wasn't aware of it until it was too late.

I got destroyed; I thought about walking away from crypto... one of the things that brought me back was you guys keeping this thread alive in my absence.

Wow, I had no idea. I know the feeling. Hang in there, man.

[presence]

Wow, I had no idea. I know the feeling. Hang in there, man.

Its all good.

I was kinda quiet because I was half pissed / half ashamed.

I've paid myself back in cash for everything originally invested a long time ago. Plus I got this badass computer from ZeMan beyond that; so its not like I've been hurt by crypto.

Since I started Honey Badger sales at the new year I'm about 25% back from where I was at my height.

I'm hoping my latest foray into LTC pushes me back to where I was in October. I have a 4 trade 30 day plan for LTC; then exit.


After that I'm putting my funds 100% on honeybadger and going back to coding for a while. I have enough of OPM behind honeybadger that soon I'll need to start thinking about how exactly we'll all enter and exit smoothly without disturbing the market; iceberg orders, etc.

[Dianne]

The guy I learned from recommended these books. I haven't actually read any of them, but I think they will probably help you understand why the market seems to be working against you. It happens for a reason.

"Trading in the Zone" ~Mark Douglas
"The Mental Game of Poker" ~Jared Tendler

Thanks !!

[Dianne]

pres,

I just made the connection between Mellon Bank and Ripple. There are rumors they have centralized nodes monitoring their decentralized blockchain with "Coin Validation" technology. The son is heir to the Mellon Bank fortune that manages $27 trillion with a T. He wanted to start a company called Coin Validation that wanted to paint BTC into two colors, black and white. White being verified. Black having been discovered to be connected to the dark web. Which needs a White cleansing to be re-issued to you.

He has a major seat at the Ripple table.

Man, AVOID Ripple. lol

I always had a funny feeling about Ripple, especially when I discovered Apple was involved. I only have 350, but I will hang on and not sell. I wouldn't be a bit surprised if Ripple emerges as the alt coin accepted by McDonalds.

[presence]

I've almost given up on the ltc/btc moon so jumping back and forth from ltc to CNH on btc-e. I'm not sure what I am doing, but picking up around 30 LTC per day doing it, which for me is far better than my past history of losing coins. I'm buying around 7.75 and selling around 8.37 .

1) don't give up on LTC moon... I'm admittedly off on the timeline but everything I based my call on still stands true

2) be very cautious dumping coins at 8.37 CNH; that's like 25% below true market value (which is why there's such high volatility atm). BTCe is basically out of CNH... the chinese trollbox has been dead all month and prices are essentially crashed across the board in LTCCHN BTCCNH and USDCNH. At any point somebody can swoop into BTCe w/ $100-250k USD worth of CNH and clean house; suddenly the price will be closer to 11 CNH (like huobi and okcoin) and you will take HEAVY losses in trying to get your coins back. Bottom line: Do not sleep in CNH while prices are depressed like this (USDCNH is sub 6.25).

3) congrats on picking up some LTC on the volatility though




Per yahoo finance the going rate is 6.248
http://finance.yahoo.com/q?s=USDCNH=X

Per btce the going rate is 4.68 last

There is clearly an issue in getting "Offshore Renminbi" into BTCe atm; I don't have any details as to why.

[muh_roads]

Its all good.

I was kinda quiet because I was half pissed / half ashamed.

I've paid myself back in cash for everything originally invested a long time ago. Plus I got this badass computer from ZeMan beyond that; so its not like I've been hurt by crypto.

Since I started Honey Badger sales at the new year I'm about 25% back from where I was at my height.

I'm hoping my latest foray into LTC pushes me back to where I was in October. I have a 4 trade 30 day plan for LTC; then exit.


After that I'm putting my funds 100% on honeybadger and going back to coding for a while. I have enough of OPM behind honeybadger that soon I'll need to start thinking about how exactly we'll all enter and exit smoothly without disturbing the market; iceberg orders, etc.

Yeah man I'm really sorry to hear all that as well. But that's awesome you've already recovered as much as you have in the short amount of time you've been back.

Moolah.io was poison to a lot of ppl...that really sucked a lot of the $#@!coin action out of 2014...Ethereum crowdsale was probably another contributing factor. But I can see why you're afraid to touch any exchanges. I would recommend bittrex if you want to try playing Darkcoin. Problem is they are located in the US...I think. My fear with bittrex is that it could be a government confiscation waiting to happen since they don't have the banker lobbied money transmitter licenses in all states.

Does anyone know what $#@!coin exchanges are outside of the US? Cryptsy has the proper licenses being a Florida co., but you have to verify.

I thought Bitfinex had darkcoin pairs? Guess they took those down.

[presence]

exchange list for DRK

http://wiki.darkcoin.eu/wiki/Exchanges

Austin Global Exchange	https://agx.io/ [1]
Bittrex	https://bittrex.com/ [2]
Bleutrade	https://bleutrade.com/ [3]
BTC38	http://www.btc38.com/ [4]	Chinese
C-CEX (Crypto-Currency EXchange)	https://c-cex.com/ [5]	One of the first with Darkcoin support Use with caution (victim of robbery and some BTC/DRK doubtful events)
Coin-Swap	http://Coin-Swap.net [6]
Coins-E	https://www.coins-e.com/ [7]
Coins2TheMoon	https://coins2themoon.com/ [8]	Beta
Crypto Rush	https://cryptorush.in/ [9]
CryptoTC	http://cryptotc.us/ [10]
Cryptsy	https://www.cryptsy.com/ [11]	Recommended
Ecoinfund	http://www.ecoinfund.com/ [12]	Chinese
Mintpal	https://www.mintpal.com/ [13]
PMtoCoins	https://pmtocoins.com/ [14]
Poloniex	https://poloniex.com/ [15]	One of the first with Darkcoin support Use with caution (victim of robbery and some BTC/DRK doubtful events)
UseCryptos	https://usecryptos.com/ [16]

[Dianne]

I had a little over 90% of my holdings at mintpal when they went offline.

I had great faith in mintpaljay and mintpaljason, had many conversations w/ them in freenode... I thought all was cool. Then they sold out to that alex green guy... I really wasn't aware of it until it was too late.

I got destroyed; I thought about walking away from crypto... one of the things that brought me back was you guys keeping this thread alive in my absence.

That really sucks, sorry pres

[Dianne]

1) don't give up on LTC moon... I'm admittedly off on the timeline but everything I based my call on still stands true

2) be very cautious dumping coins at 8.37 CNH; that's like 25% below true market value (which is why there's such high volatility atm). BTCe is basically out of CNH... the chinese trollbox has been dead all month and prices are essentially crashed across the board in LTCCHN BTCCNH and USDCNH. At any point somebody can swoop into BTCe w/ $100-250k USD worth of CNH and clean house; suddenly the price will be closer to 11 CNH (like huobi and okcoin) and you will take HEAVY losses in trying to get your coins back. Bottom line: Do not sleep in CNH while prices are depressed like this (USDCNH is sub 6.25).

3) congrats on picking up some LTC on the volatility though




Per yahoo finance the going rate is 6.248
http://finance.yahoo.com/q?s=USDCNH=X

Per btce the going rate is 4.68 last

There is clearly an issue in getting "Offshore Renminbi" into BTCe atm; I don't have any details as to why.

Thanks, that's great advice !! I'll sleep in LTC.

[Dianne]

Yeah man I'm really sorry to hear all that as well. But that's awesome you've already recovered as much as you have in the short amount of time you've been back.

Moolah.io was poison to a lot of ppl...that really sucked a lot of the $#@!coin action out of 2014...Ethereum crowdsale was probably another contributing factor. But I can see why you're afraid to touch any exchanges. I would recommend bittrex if you want to try playing Darkcoin. Problem is they are located in the US...I think. My fear with bittrex is that it could be a government confiscation waiting to happen since they don't have the banker lobbied money transmitter licenses in all states.

Does anyone know what $#@!coin exchanges are outside of the US? Cryptsy has the proper licenses being a Florida co., but you have to verify.

I thought Bitfinex had darkcoin pairs? Guess they took those down.

You only have to verify with Cryptsy if you're dealing in cash trades to and from bank account, correct?

[Dianne]

1) don't give up on LTC moon... I'm admittedly off on the timeline but everything I based my call on still stands true

2) be very cautious dumping coins at 8.37 CNH; that's like 25% below true market value (which is why there's such high volatility atm). BTCe is basically out of CNH... the chinese trollbox has been dead all month and prices are essentially crashed across the board in LTCCHN BTCCNH and USDCNH. At any point somebody can swoop into BTCe w/ $100-250k USD worth of CNH and clean house; suddenly the price will be closer to 11 CNH (like huobi and okcoin) and you will take HEAVY losses in trying to get your coins back. Bottom line: Do not sleep in CNH while prices are depressed like this (USDCNH is sub 6.25).

3) congrats on picking up some LTC on the volatility though




Per yahoo finance the going rate is 6.248
http://finance.yahoo.com/q?s=USDCNH=X

Per btce the going rate is 4.68 last

There is clearly an issue in getting "Offshore Renminbi" into BTCe atm; I don't have any details as to why.

Hmmmmmm I just did an instant replay on this post lol.. What am I missing? Isn't it a good thing if CNH goes back to 11 and I sell my 7.75 CNH ltc for 11?

[muh_roads]

If that chart is extrapolated out and overlay on top of the current situation, are we now talking somewhere between 80 to 120 if 120 to 150 is breached as our bottoms?

Oh wait I see the full image now with the side by side comparison. The right-half was missing yesterday when I posted that.

RPF needs to update their vBulletin or something.

[muh_roads]

You only have to verify with Cryptsy if you're dealing in cash trades to and from bank account, correct?

I thought that was the case for a while. But now $#@!coin exchanges in the US are required to apply for the AML/KYC stuff according to FinCEN. Even if they never deal in USD. Land of the free.

For now I think cryptsy still operates the way you're thinking. It seems only a matter of time before they enforce verification on all members and hold your coins ransom till you do. Last time I logged in it had a big red band at the top that said UNVERIFIED or something...

[presence]

ltcbtc SMA39slope is now positive joining SMA20 through SMA38 in having positive slope. SMA20 still continues to lead the pack with steepest slope; indicating continuation of the bullish trend.

[presence]

Hmmmmmm I just did an instant replay on this post lol.. What am I missing? Isn't it a good thing if CNH goes back to 11 and I sell my 7.75 CNH ltc for 11?

But if you're holding CNH short and LTC moves suddenly up to 11 (true market value)... you're $#@! out of luck. You will only be able to get +/- 75% of your coins back.

There is some kind of artificial barrier preventing CNH from entering the exchange. I don't understand "what it is" but soon... that barrier could very well dissolve... when it does price will move back to true market value almost instantly.

[Dianne]

I thought that was the case for a while. But now $#@!coin exchanges in the US are required to apply for the AML/KYC stuff according to FinCEN. Even if they never deal in USD. Land of the free.

For now I think cryptsy still operates the way you're thinking. It seems only a matter of time before they enforce verification on all members and hold your coins ransom till you do. Last time I logged in it had a big red band at the top that said UNVERIFIED or something...

Well that sucks.

[Dianne]

But if you're holding CNH short and LTC moves suddenly up to 11 (true market value)... you're $#@! out of luck. You will only be able to get +/- 75% of your coins back.

There is some kind of artificial barrier preventing CNH from entering the exchange. I don't understand "what it is" but soon... that barrier could very well dissolve... when it does price will move back to true market value almost instantly.

Oh I see what your saying. I think thats why I've lost so much money in the past. Thanks for the heads up.

[presence]

CNH entering the market;

ltccnh btccnh usdcnh all back on the move to par with the outside world

LTCCNH now 9.2

[muh_roads]

I cashed out of BTC, so it will probably rise now.

[FSP-Rebel]

I cashed out of BTC, so it will probably rise now.