Official BGOL Crypto Currency Thread ★★★★★

[CurtDawg]

Peace fam,

Yesterday I started reading up on some technical analysis in order to better identify good investments.

I started here and learned about candlestick analysis.

I highly recommend that everyone who is serious about making this money off digital currency at least reads the candlestick intro.

Polo has a great candlestick feature so I used it to analyze the Rise and Fall of NXC.

I added the candlestick numbers for reference and discussion.

What do you think about the potential of Pascal going back up ???
This shit is killing me right now

 

[Mixd]

Think yall are forgetting some key concepts of Ripple as to the questions now.

Can use this to understand better
http://www.coindesk.com/ripple-medieval-banking-digital-twist/

 

[LSN]

What do you think about the potential of Pascal going back up ???
This shit is killing me right now

w/ fly by nite coins like pascal and nexium...once they go down they probably gonna stay down...LM and others have said don't fall in love w/ some of these coins...

bitcoin ethereum ripple etc = classy

pascal nexium etc = assy (pump and dump could almost be a double entendre lol)

sorry about the setback tho...shit is a beneficial learning experience for all of us

 

[Mixd]

I am thinking of building 4 or 5 mining rigs and renting a small office to store them so they can just mine non-stop. I am still researching the specs i need. Luckily I build PCs as a hobby

You're better off paying for server space that does mining.

https://www.genesis-mining.com/

 

[LegalMoney]

My greedy ass went all in with Pascal last night
Bought it at .00088000
Thinking I could make some money
I just checked the price a few seconds ago
Now this shit dropped all the down to .00060000

Fam, I'm looking at my computer screen about to fuckin cry
Damn near all that profit I made from Nexium yesterday morning.....gone.... fuckin around thinking I could flip it with Pascal

Fuck man !!!
I might have to hold on to this bitch & pray the Pascal price goes back up Sunday or Monday
Let this shit be a lesson to all
Fuck man !!!

Fam unless you're a financial analyst don't make such swift investments specifically off PAST PERFORMANCE!

I mean it's rationale what you thought: this shit was hitting for $1.20, I got in at $0.80, I can make a few bucks WHEN it goes back up.

The thing there is no guarantee these coins will go back to their highs BECAUSE MOST LIKELY THEIR HIGHS DON'T REFLECT THEIR REAL WORTH!

PASCAL's high was engineered by big money traders who pumped it up and left everyone else holding the check.

Now I'm not saying PASCAL won't go up sometime soon, but now you're forced to have a long position in a coin that we don't know its true worth.

 

[Tha Great Muta]

Eventually we should set up some kind of BGOL weekend trading "conference call".

Maybe we all get on google hangouts or something to just discuss what coins are hot, what we learned this week, coin news, better secure ways to buy bitcoins, janky web sites etc

 

[CurtDawg]

w/ fly by nite coins like pascal and nexium...once they go down they probably gonna stay down...LM and others have said don't fall in love w/ some of these coins...

bitcoin ethereum ripple etc = classy

pascal nexium etc = assy (pump and dump could almost be a double entendre lol)

sorry about the setback tho...shit is a beneficial learning experience for all of us

I went all in on Pascal, 4.5 bitcoin, thinking I could flip it
But right now I already lost like 30% of my money

But yea man, with this volatile crypto market you can't act on emotion
Follow trends, charts, graphs, do your homework, stick to a certain plan

It's easy to fuck around & lose half yo shit in this market
Shit be like that Jay-z line, It was all good just a week ago

 

[Mixd]

Fam unless you're a financial analyst don't make such swift investments specifically off PAST PERFORMANCE!

I mean it's rationale what you thought: this shit was hitting for $1.20, I got in at $0.80, I can make a few bucks WHEN it goes back up.

The thing there is no guarantee these coins will go back to their highs BECAUSE MOST LIKELY THEIR HIGHS DON'T REFLECT THEIR REAL WORTH!

PASCAL's high was engineered by big money traders who pumped it up and left everyone else holding the check.

Now I'm not saying PASCAL won't go up sometime soon, but now you're forced to have a long position in a coin that we don't know its true worth.

Preach.

 

[elumni]

w/ fly by nite coins like pascal and nexium...once they go down they probably gonna stay down...LM and others have said don't fall in love w/ some of these coins...

bitcoin ethereum ripple etc = classy

pascal nexium etc = assy (pump and dump could almost be a double entendre lol)

sorry about the setback tho...shit is a beneficial learning experience for all of us

You hit it right on the money. After a pump and dump if you a" bag holder" as they say, gonna lose money when day traders pull out.

 

[Confucius]

Yeah I was watching it and got me a bitcoin and some change off a mini wave. It's like that vid somebody posted you can keep doing mini flips and just stack.

please re-up

 

[LegalMoney]

What do you think about the potential of Pascal going back up ???
This shit is killing me right now

All might not be lost bruh...

There is still decent volume for maybe one last push because I think many big money traders got too greedy and are still in the "game".

Let me look at PASC's candlesticks..

 

[LSN]

I went all in on Pascal, 4.5 bitcoin, thinking I could flip it
But right now I already lost like 30% of my money

But yea man, with this volatile crypto market you can't act on emotion
Follow trends, charts, graphs, do your homework, stick to a certain plan

It's easy to fuck around & lose half yo shit in this market
Shit be like that Jay-z line, It was all good just a week ago

ya I'm still mad I didn't get in/get out when cats on here called it...but if it went south I might've lowkey been resentful...have to move when you feel comfortable and as you said it comes w/ research and developing a plan

 

[Mixd]

I said last night that PASC and NXC were dead. Some dudes in the TrollBox are what they are Trolls. Looking to hype up some things. But I do have a history of dabbling with commodities so am rusty but can recognize some patterns of charts and how they may react. But with some of these coins, just like if it was a stock, look at what the coin is doing. Why it's doing it, what is its purpose.

PASC is on another exchange and had no volume or the same rates as what was happening on Polo, it has no reason to go anywhere, made no news, just that it was released on Polo. Them nuccas went buck wild. We rode that wave.

That shit made 100x its money if you were in from the gate. Now it's leveled off and losing all its initial buyers.

I love the Polo system now. And if others can easily understand how you can make a ton of money within the virtual world, paying for items with dribbles of profits that you make within BTC or XRP as they will be the most stable for now.

You can't stay focused on USD and what cash you make. Within that network, BTC fluctuates as well.

 

[Mixd]

What @LegalMoney posted should be studied by anyone serious about messing with this. Major props to him, here's the link again.

http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:introduction_to_candlesticks

And what I've been doing with these coins is looking at them on CoinMarketCap. Look at the Announcement of the coin there and look at the Markets there as well. Get a feel for the buzz from those.

And I'm only speaking on these quick hype coins. We can find the next coin to make some bank on, just for now gotta chill and report here if you see anything noteworthy on the TrollBox or something.

 

[LegalMoney]

What @LegalMoney posted should be studied by anyone serious about messing with this. Major props to him, here's the link again.

http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:introduction_to_candlesticks

And what I've been doing with these coins is looking at them on CoinMarketCap. Look at the Announcement of the coin there and look at the Markets there as well. Get a feel for the buzz from those.

And I'm only speaking on these quick hype coins. We can find the next coin to make some bank on, just for now gotta chill and report here if you see anything noteworthy on the TrollBox or something.

No doubt we got to get educated on this. Beginner's luck was on our side for PASC and NXC, but we can start making steps to at least being competent traders.

 

[jiggga]

I just want to give thanks to all you guys who started this thread. As an old member who lurked for years while opting out of official participation in the "donation era", I finally felt compelled to give something and come back because of this thread. I feel like this put me onto something that has real potential. I had been watching Boyce Watkins videos and was trying to get started with investing but this thread gave me something tangible to start with. Even though I am new to this investing shit a I am learning a lot. Much appreciation

 

[LegalMoney]

I said last night that PASC and NXC were dead. Some dudes in the TrollBox are what they are Trolls. Looking to hype up some things. But I do have a history of dabbling with commodities so am rusty but can recognize some patterns of charts and how they may react. But with some of these coins, just like if it was a stock, look at what the coin is doing. Why it's doing it, what is its purpose.

PASC is on another exchange and had no volume or the same rates as what was happening on Polo, it has no reason to go anywhere, made no news, just that it was released on Polo. Them nuccas went buck wild. We rode that wave.

That shit made 100x its money if you were in from the gate. Now it's leveled off and losing all its initial buyers.

Regarding CurtDawg's situation, I made the following assumptions, let me know if you think I'm in the right ballpark:

The Blue Oval is when I estimate CurtDawg traded his 4.5 BTC for 0.0008800. The Red Line is ~ 0.00088.

It had to be around here because there was significant volume and the candlesticks show a battle between buyers and sellers at right around the Red Line.

The problem for him is despite large volume of buyers around 23:30 and 1:00, PASC was trending down to .000700 area where I estimate there is some support.

A small buyer rally occurred around 01:30 but again there was resistance around the Red Line.

Then the "Bearish Engulfing" pattern in the Orange Oval occurred at 5:00.

A "Bearish Engulfing" pattern occurs after an advance and the size of the red candlestick completely engulfs the body of the prior green candlestick, including it's shadows.

Further bearish confirmation occurred with the immediate drop in volume and subsequent "hanging man" formation.

Bearish confirmation means that the buyer's market is ending and sellers will start trying to dump their positions.

As you can see the coin tanked until it hit the support level around .000632 where more people started buying.

In summary I think PASC will remain between .0006 - .0007 for the immediate future. However if there is an increase in volume then we have to watch.

 

[LSN]

Regarding CurtDawg's situation, I made the following assumptions, let me know if you think I'm in the right ballpark:

The Blue Oval is when I estimate CurtDawg traded his 4.5 BTC for 0.0008800. The Red Line is ~ 0.00088.

It had to be around here because there was significant volume and the candlesticks show a battle between buyers and sellers at right around the Red Line.

The problem for him is despite large volume of buyers around 23:30 and 1:00, PASC was trending down to .000700 area where I estimate there is some support.

A small buyer rally occurred around 01:30 but again there was resistance around the Red Line.

Then the "Bearish Engulfing" pattern in the Orange Oval occurred at 5:00.

A "Bearish Engulfing" pattern occurs after an advance and the size of the red candlestick completely engulfs the body of the prior green candlestick, including it's shadows.

Further bearish confirmation occurred with the immediate drop in volume and subsequent "hanging man" formation.

Bearish confirmation means that the buyer's market is ending and sellers will start trying to dump their positions.

As you can see the coin tanked until it hit the support level around .000632 where more people started buying.

In summary I think PASC will remain between .0006 - .0007 for the immediate future. However if there is an increase in volume then we have to watch.

damn man...that's a beautiful ass breakdown...that made it easier for me to comprehend

 

[LegalMoney]

damn man...that's a beautiful ass breakdown...that made it easier for me to comprehend

Thanks fam, I'm trying my best to understand the rules to this game, and learning from past mistakes is crucial.

I hope this is helpful to everyone.

 

[Mixd]

Regarding CurtDawg's situation, I made the following assumptions, let me know if you think I'm in the right ballpark:

The Blue Oval is when I estimate CurtDawg traded his 4.5 BTC for 0.0008800. The Red Line is ~ 0.00088.

It had to be around here because there was significant volume and the candlesticks show a battle between buyers and sellers at right around the Red Line.

The problem for him is despite large volume of buyers around 23:30 and 1:00, PASC was trending down to .000700 area where I estimate there is some support.

A small buyer rally occurred around 01:30 but again there was resistance around the Red Line.

Then the "Bearish Engulfing" pattern in the Orange Oval occurred at 5:00.

A "Bearish Engulfing" pattern occurs after an advance and the size of the red candlestick completely engulfs the body of the prior green candlestick, including it's shadows.

Further bearish confirmation occurred with the immediate drop in volume and subsequent "hanging man" formation.

Bearish confirmation means that the buyer's market is ending and sellers will start trying to dump their positions.

As you can see the coin tanked until it hit the support level around .000632 where more people started buying.

In summary I think PASC will remain between .0006 - .0007 for the immediate future. However if there is an increase in volume then we have to watch.

Very good analysis. You're right. Plus I think all the volume still there are those holding onto it for long term.

Look at these two coins we just missed the boat on, BBR and VTC

 

[Tha Great Muta]

Very good analysis. You're right. Plus I think all the volume still there are those holding onto it for long term.

Look at these two coins we just missed the boat on, BBR and VTC

Man I KNEW it was too quiet in this thread

 

[LegalMoney]

Very good analysis. You're right. Plus I think all the volume still there are those holding onto it for long term.

Look at these two coins we just missed the boat on, BBR and VTC

I don't know if we missed the boat on VTC, there was just a 10 BTC buy!
Hmm....

 

[LegalMoney]

Very good analysis. You're right. Plus I think all the volume still there are those holding onto it for long term.

Look at these two coins we just missed the boat on, BBR and VTC

VTC showing support around 0.000048. Jumping in over .00005 looks risky.

Only 57 BTC volume though...Might be a hustle...

 

[Tha Great Muta]

I don't know if we missed the boat on VTC, there was just a 10 BTC buy!
Hmm....

What about the EMC2 coin??

 

[kuu]

Your buy/sell should show up in your Open orders if you scroll to the bottom of Exchange tab. Then once completed, in your history up top.

Was that what you were looking for why you'd want to record your actions?

Yeah I dig. I say do it so you'll have your own record of your actions and what the software did during that process. Personal opinion though.

 

[CurtDawg]

Regarding CurtDawg's situation, I made the following assumptions, let me know if you think I'm in the right ballpark:

The Blue Oval is when I estimate CurtDawg traded his 4.5 BTC for 0.0008800. The Red Line is ~ 0.00088.

It had to be around here because there was significant volume and the candlesticks show a battle between buyers and sellers at right around the Red Line.

The problem for him is despite large volume of buyers around 23:30 and 1:00, PASC was trending down to .000700 area where I estimate there is some support.

A small buyer rally occurred around 01:30 but again there was resistance around the Red Line.

Then the "Bearish Engulfing" pattern in the Orange Oval occurred at 5:00.

A "Bearish Engulfing" pattern occurs after an advance and the size of the red candlestick completely engulfs the body of the prior green candlestick, including it's shadows.

Further bearish confirmation occurred with the immediate drop in volume and subsequent "hanging man" formation.

Bearish confirmation means that the buyer's market is ending and sellers will start trying to dump their positions.

As you can see the coin tanked until it hit the support level around .000632 where more people started buying.

In summary I think PASC will remain between .0006 - .0007 for the immediate future. However if there is an increase in volume then we have to watch.

Damn fam !!!

Thanks for all the work you put in
I appreciate it


But yea, I'm just going to hold on to it until Monday afternoon
I'm hoping Monday is when the day traders will start buying again
I just need it to go up enough, roughly around 88000-90000
Then I can dump it & break even & get off this rollercoaster
Or at the very least put in a stop limit so it will auto sell at around that price, to protect my original investment

Stupid me, lesson learned

 

[LegalMoney]

What about the EMC2 coin??

Not sure low volume too..

With many of these we're going to need a tip because the big money isn't going to announce which one is the collective target. Volume and huge buys can confirm, and with this one neither.

 

[Day_Carver]

Think yall are forgetting some key concepts of Ripple as to the questions now.

Can use this to understand better
http://www.coindesk.com/ripple-medieval-banking-digital-twist/

...that reminder was beautiful...man im loading up even more now!!

 

[kuu]

I am thinking of building 4 or 5 mining rigs and renting a small office to store them so they can just mine non-stop. I am still researching the specs i need. Luckily I build PCs as a hobby

How much do you think one machine could run you? I have 2 VPS running as we speak but they're mining off cpu which I heard is nothing compared to what could really be done.

 

[Day_Carver]

You can use Paypal or your bank for Coinbase

I want to use credit card only, instead of bank account; dont have to worry about bank info getting out and also can easily dispute if some fuck shit occurs; i have never liked paypal but if thats the way to get on coinbase then i might just have to do it...

 

[CurtDawg]

I thought it was getting less & less profitable to mine for Bitcoin?
Between the cost of the mining computers + electricity
Dont most Bitcoin miners team up in a "mining pool"
Unless you all are mining other coins?

 

[CurtDawg]

Also on a side note, I saw somewhere that Ethereum is switching from something called proof of work, to something called proof of stake
Thats supposed to happen the middle of this year
From what I read, its going to be harder to mine ethereum & make a profit....I think
But just something y'all might want to keep an eye on

 

[LSN]

Think yall are forgetting some key concepts of Ripple as to the questions now.

Can use this to understand better
http://www.coindesk.com/ripple-medieval-banking-digital-twist/

...that reminder was beautiful...man im loading up even more now!!

as folks have been saying this is yet another great reminder of how the ripple system works overall but again there's nothing indicative of the currency itself potentially "growing" in value...honestly...somebody correct me if I'm wrong but it looks like it behooves them to keep the price of it down...thus the reason for putting 100 billion out there...I'm still in for the long haul tho cuz right now my $$$ is still there...it's just tied up in ripple so it's not really costing me anything

 

[Tha Great Muta]

Not sure low volume too..

With many of these we're going to need a tip because the big money isn't going to announce which one is the collective target. Volume and huge buys can confirm, and with this one neither.

So you want to look for big buys when looking at new coins?

 

[Day_Carver]

as folks have been saying this is yet another great reminder of how the ripple system works overall but again there's nothing indicative of the currency itself potentially "growing" in value...honestly...somebody correct me if I'm wrong but it looks like it behooves them to keep the price of it down...thus the reason for putting 100 billion out there...I'm still in for the long haul tho cuz right now my $$$ is still there...it's just tied up in ripple so it's not really costing me anything

it seems like one can settle transactions in ripple; from that aspect alone, I think it has to be multiple billions of ripple because of the amount of transactions that take place in the world; so if ripple because the major/dominant backend transaction protocol; then there has to be enough ripples to handle the millions amount of transactions right??