welp gotta buy some more 
; On a side note, how do you feel about the exchange rate on changelly?? And is there some other site that giving a better exchange rate??
Official BGOL Crypto Currency Thread ★★★★★
- Thread starter Matt Beesy
- Start date
welp gotta buy some more ; On a side note, how do you feel about the exchange rate on changelly?? And is there some other site that giving a better exchange rate??
What to Watch Out For Before Investing in Altcoins: Litecoin Creator
According to the creator of Litecoin, Charles Lee, most altcoins have no innovation, instead having weak developers, dishonest marketing and/or bad incentives.
In a series of tweets aimed at sharing his thoughts about cryptocurrencies and how he evaluates whether or not to invest money into any of them, Lee says:
“In order to stick out from the crowd of altcoins, a lot of coins do a lot of shady things like make promises that are just BS.” He further adds:
“A lot of coins are solutions looking for a problem or just don’t bring enough innovation.”
With almost 700 alternative currencies in existence today, according to CoinMarketCap.com, only a few are popularly used. There is a view that most of them were built to fail in the first place.
Lisk CEO Max Kordek had stated in a previous post that the biggest mistake many creators have is to solve everything at once and trying to implement dozens of different features forgetting that even projects with a great vision have problems - a failure rate for regular startups is about 90 percent and probably bigger in the Blockchain industry.
Dangerous market
He says it takes time to build the foundation for a good product, then the design of a great UX for hundreds of thousands of users to be expected.
These are some of the reasons for which the altcoin market is considered dangerous and highly competitive, yet lucrative in a way. Adding several new features and tools makes a coin successful with room for huge profits but with a similar amount of risk.
With the year still young and looking somewhat promising, Lee notes some of the features he looks out for in his evaluation.
They include innovation, competent developers, honest marketing and fair incentives. He adds that coins like Ethereum, Monero, Augur, Zcash and Decred bring a lot of innovation and are trying a lot of cool things to push innovation.
Strong team a must
“Without a strong team, there’s very little chance that a coin will succeed long term. So when I see teams spend resources on marketing over tech, I know that they have their priorities in the wrong place,” Lee, who says some of the strong teams he has looked at include Ethereum, Monero and Decred, tweets.
He says he stays away from premines, instamines or ICOs as they are rewarding the developers too much and also notes that many white papers are filled with technical terms that make no sense just to confuse the reader.
Without mentioning Litecoin, he ranks Bitcoin, Monero and Decred as his highest coins citing that Decred spent a year doing coding to improve its consensus and governance system, and Monero which didn’t have a GUI wallet. Ethereum is close, he adds, but the decision to hardfork and go back on the “uncensorable transaction” promise really hurts.
If you have something good, he says, work hard and you will eventually succeed. If you don’t, you try to lure people in with fancy marketing.
https://cointelegraph.com/news/what-to-watch-out-for-before-investing-in-altcoins-litecoin-creator
Poloniex has a way better rate
But you can't buy on poly right? I thought one has to use another site along with poly
How much are "whales" putting in to manipulate the market? There is at least a dozen people on here trading. Can we get together and do the same? Doesn't seem like it would take all that much money as long as we are on the same page.
How do we do this? And can we be sure our actions will cause the desired effect?
Yeah I'm all for that because I need EMC2, QORA and NSR to all move they been dead for a while would be nice if we could pool on coins to make $ and pull out.
Some of these coins don't have that much volume and even thousands can make a difference if at one time.Reading that Trollbox chat I see a few people on there talking about coordinating Pump and Dumps and the moderater warns them that it is against the rules.Unlike them, we are on BGOL thoughI'm no expert but if we get an underperforming coin that has a big 24hr high price, we can all go in on it low then slowly get more as it rises then dump it a few hours later at the higher price. Say 15%. That is good money. Personally I plan on coming with 2K which would give me $300 for the day. Even if someone came with $200 they would make $30 for the day which would add up to $150 for bullshittin for 5 days.
we need to try this soon
I dont know about that Spidey
Buying a lot of a low volume coin is risky
For example, a couple days ago I bought, UNITY, when it was kinda low
Problem now is.....I cant fuckin sell it !!!
Check the chart and you will see how little trading volume there is for UNITY
I only bought like .25btc worth if it, waiting for a pump, 2 days later, still cant get rid of it
My point is, going all in on a shitty coin with low trading volume, might have you "holding the bag" for a week or so
When you put in your sell order, someone else will just underbid you a couple seconds later..... which causes your sell order to just sit
Buying a lot of a low volume coin is risky
For example, a couple days ago I bought, UNITY, when it was kinda low
Problem now is.....I cant fuckin sell it !!!
Check the chart and you will see how little trading volume there is for UNITY
I only bought like .25btc worth if it, waiting for a pump, 2 days later, still cant get rid of it
My point is, going all in on a shitty coin with low trading volume, might have you "holding the bag" for a week or so
When you put in your sell order, someone else will just underbid you a couple seconds later..... which causes your sell order to just sit
I'm not talking about a random cheap coin.I'm talking underperforming one that constantly fluctuates. Like Vericoin for example. Or Pinkcoin. I'm no expert but seems like it would work.
I am with you. Some low volume coins jump in volume too. How Much BTC does it take to make something sitting at say, 0.0000800 btc to pump?
You can but you gotta transfer a coin type into there
Then use that other coin to buy Ripple
Gotcha....I'm still waiting on coinbase to fix this address shit..so not sure what other site to use other than changelly
I know a lot of the whales used to use Twitter back a few years ago to do their pump and dumps. They'd undercut the masses just before the predicted peak. So they'd promote the next big coin jump, but only the ones on their inner team would make the huge profits.
If you get a team that creates social media profiles and can gain a following, I'm guessing pump and dumps would be a lot easier. I'm assuming a lot of the whales in the game now were in it a few years ago, so they have a lot of experience doing this shit. I remember finding a lot of good hints in those chatboxes on who to fucking watch.
Pinkcoin is a
What to Watch Out For Before Investing in Altcoins: Litecoin CreatorAccording to the creator of Litecoin, Charles Lee, most altcoins have no innovation, instead having weak developers, dishonest marketing and/or bad incentives.
In a series of tweets aimed at sharing his thoughts about cryptocurrencies and how he evaluates whether or not to invest money into any of them, Lee says:
“In order to stick out from the crowd of altcoins, a lot of coins do a lot of shady things like make promises that are just BS.” He further adds:
“A lot of coins are solutions looking for a problem or just don’t bring enough innovation.”
With almost 700 alternative currencies in existence today, according to CoinMarketCap.com, only a few are popularly used. There is a view that most of them were built to fail in the first place.
Lisk CEO Max Kordek had stated in a previous post that the biggest mistake many creators have is to solve everything at once and trying to implement dozens of different features forgetting that even projects with a great vision have problems - a failure rate for regular startups is about 90 percent and probably bigger in the Blockchain industry.
Dangerous market
He says it takes time to build the foundation for a good product, then the design of a great UX for hundreds of thousands of users to be expected.
These are some of the reasons for which the altcoin market is considered dangerous and highly competitive, yet lucrative in a way. Adding several new features and tools makes a coin successful with room for huge profits but with a similar amount of risk.
With the year still young and looking somewhat promising, Lee notes some of the features he looks out for in his evaluation.
They include innovation, competent developers, honest marketing and fair incentives. He adds that coins like Ethereum, Monero, Augur, Zcash and Decred bring a lot of innovation and are trying a lot of cool things to push innovation.
Strong team a must
“Without a strong team, there’s very little chance that a coin will succeed long term. So when I see teams spend resources on marketing over tech, I know that they have their priorities in the wrong place,” Lee, who says some of the strong teams he has looked at include Ethereum, Monero and Decred, tweets.
He says he stays away from premines, instamines or ICOs as they are rewarding the developers too much and also notes that many white papers are filled with technical terms that make no sense just to confuse the reader.
Without mentioning Litecoin, he ranks Bitcoin, Monero and Decred as his highest coins citing that Decred spent a year doing coding to improve its consensus and governance system, and Monero which didn’t have a GUI wallet. Ethereum is close, he adds, but the decision to hardfork and go back on the “uncensorable transaction” promise really hurts.
If you have something good, he says, work hard and you will eventually succeed. If you don’t, you try to lure people in with fancy marketing.
https://cointelegraph.com/news/what-to-watch-out-for-before-investing-in-altcoins-litecoin-creator
According to the creator of Litecoin, Charles Lee, most altcoins have no innovation.... does he mean like Litecoin which many see as a testnet for bitcoin. Litecoin is a shit coin and Lee sill has a day job so there you go.
can't you just exchange it for/convert it to BTC that way you don't lose anything and you're not stuck w/ it?
http://www.calculatorsoup.com/calculators/algebra/percent-change-calculator.php
This is a good calculator to see the percentage you're making or losing in your trades.
This is a good calculator to see the percentage you're making or losing in your trades.
I took a bath on boolberry today
That mean you bought a lot or lost when it dropped?
You are lucky
I would be losing 20% if I sold my UNITY coin right now
sorry for asking so many questions...but would have using the stop/limit feature on poloniex prevented that loss?
Someone was running a bot program (I think) for that UNITY coin
Every time I tried to sell my coins, the same person would under bid me, a half second later
The way I could tell something was going on, is when I looked at the "Sell Orders List"
I would see the same person selling the exact same number of coins, but the price kept changing every half second
It was as if the same person was pressing the sell button, then cancelling the order, then pressing the sell button again, but a lower price, then cancelling again, over & over
The price was changing literally every half second
And the shit was going on for hours
It had to be some kind of bot program
Fam, I had to send an email trouble ticket to Poloniex tech support, to complain
Coincidentally..... a couple hours after I sent the email to Poloniex.....the bot program stopped
And there was such a low trading volume for that coin, I couldn't find anyone to buy it from me
Shit was like trying to sell ice to an Eskimo
Here was the email trouble ticket I sent:
"Hi, I'm a recent member of Poloniex. I bought some UNITY, a couple days ago. I have an issue because I can't sell it. There seems to be an automated bot, or something, that always underbids me whenever I try to sell my coins. And he keeps manipulating the sell price.
When you go to the UNITY coin, and look at the "sell orders" list, there's someone who is trying to sell exactly 6.56469940 units. But his sell price keeps changing every second to try & underbid other sellers.
Is this even allowed on Poloniex, because it seems like its cheating, to artificially keep the price low, so others can buy really cheap!"
Someone was running a bot program (I think) for that UNITY coin
Every time I tried to sell my coins, the same person would under bid me, a half second later
The way I could tell something was going on, is when I looked at the "Sell Orders List"
I would see the same person selling the exact same number of coins, but the price kept changing every half second
It was as if the same person was pressing the sell button, then cancelling the order, then pressing the sell button again, but a lower price, then cancelling again, over & over
The price was changing literally every half second
And the shit was going on for hours
It had to be some kind of bot program
Fam, I had to send an email trouble ticket to Poloniex tech support, to complain
Coincidentally..... a couple hours after I sent the email to Poloniex.....the bot program stopped
And there was such a low trading volume for that coin, I couldn't find anyone to buy it from me
Shit was like trying to sell ice to an Eskimo
Here was the email trouble ticket I sent:
"Hi, I'm a recent member of Poloniex. I bought some UNITY, a couple days ago. I have an issue because I can't sell it. There seems to be an automated bot, or something, that always underbids me whenever I try to sell my coins. And he keeps manipulating the sell price.
When you go to the UNITY coin, and look at the "sell orders" list, there's someone who is trying to sell exactly 6.56469940 units. But his sell price keeps changing every second to try & underbid other sellers.
Is this even allowed on Poloniex, because it seems like its cheating, to artificially keep the price low, so others can buy really cheap!"
damn man...and thanks for sharing this
This shit flucuates like crazy. Yesterday I bought alot of vericoin for around 0.00004120 it shot up to 0.00004400 so i set it for .000046 before I left home. When I got home it kept dropping until it got below .00003800. I went to bed pissed and set it at .00004200 and hoped for the best. Wake up this morning and this shit is over .00004600.
I feel you but using LSN's logic couldn't you do this? Determine the amount of BTC you have invested in the Unity coin and sell it all making a note of the amount you loss (which is 20% here). Now can you take this BTC you have and split it into two orders on another coin or two coins and ensure you sell them both at a 10%profit. Wouldn't that get you out the hole? If not I am sure somebody on here can fix the math where I messed up....You are lucky
I would be losing 20% if I sold my UNITY coin right now
Yeah man that's a good feeling when you wake up and check your open orders and they are missing. Just happened with me and NSR.
Whenever I did my sell orders, it would just literally sit there for hours & hours & hours
Matter of fact, I put in a sell yesterday late afternoon, and that bitch sat there for 8 hours fam.....8 hours with no one willing to buy
The trading volume for that coin is extremely low, almost non existent
I originally bought about .25btc worth of that coin, or approximately $250 worth
I bought it about 2.5 days ago
So I was willing to ride it out for a while to see if the price jumps up
But shit was getting frustrating
But coincidentally, the trading volume has picked up a little, since I sent that email trouble ticket to Poloniex support, last night
I just sold a little a few seconds ago.....but at a 20% loss.... oh well
I will monitor it to see if it goes up more
By just putting it out there and someone correct me if I'm wrong but you can find your break even price under the orders tab and clicking on my trades history and analysis
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