Official BGOL Crypto Currency Thread ★★★★★
- Thread starter Matt Beesy
- Start date
But most of us benefited, me to a much lesser degree but I did win. I don't care who good info comes from I am taking it. They should get rich and run off, let me hit like them for them millions I am out too. They will have to put out an APB for me at work lol. But on the real I think he was letting us know how HE felt about this opportunity and it did pay off. Him doing the youtube channel now says to me that he is all in as an investor and I think if he hasn't already he is about to quit his job to do this full time. If you hit him up he will get at you, he still responds to his BGOL brethren.
????
I agree 100% also dude was trying to tell us about bitcoin back in 2014. That was a missed opportunity....was it even possible to sticky threads.back then?
I'm forever grateful for the thread, still the best thread in BGOL history.
But looking back now I see why he was so opposed to changing it the title from Ripple to Crypto Currency thread. Talking about memorializing the thread with Ripple's name but when he's done dumping Ripple on yall he changes it anyway.
That's the shady part and a lot of you will financially suffer by thinking too much of Ripple thanks to the speculative nature of this thread.
I been liquidated Ripple and took nearly $100k into cash. Stratis was the One that would really free most folks but we all looked to Ripple initially.
I'm a Harlem nigga from birth so I respect a hustle but it is what it is.
I follow his show on his channel.
This morning he told his followers about the ripple call and how he made some of us millionaires.
Then he made a screen shot of the thread and showed it.
I don't have anything against him or what he did, its just our inside joke about the first rule of BGOL. LOL.
But if you follow his shows you do see where he is going and why he doesn't have time to moderate on BGOL anymore.
Once his Wyckoff school of trading tutorial drop for $999 and the book for $499....dude is going to be richer than rich an I would have done the same thing too!
this cant be true is it?
Marketcap creeping back up to 99 billion. These rich bitches getting some cheap coins.
That's why I changed my trading approach, from Day fucking one when we started looking outside of Ripple the three rules were: Don't be greedy, Don't fall in love with these coins, Don't put more into than you're willing to lose.
These coins ain't shit to me but a way to make money. Having a large Blockfolio value ain't shit if you can't use it.
Fuck Stratis, Fuck Bitcoin, Fuck Ripple: all I want is that money, USD.
So I'm back on my bullshit only holding Stratis because it's viable, the rest I'm flipping.
Hardly a day trader but swing trading has me making more per month than my job
I love this Game!!
These coins ain't shit to me but a way to make money. Having a large Blockfolio value ain't shit if you can't use it.
Fuck Stratis, Fuck Bitcoin, Fuck Ripple: all I want is that money, USD.
So I'm back on my bullshit only holding Stratis because it's viable, the rest I'm flipping.
Hardly a day trader but swing trading has me making more per month than my job
I love this Game!!
That's why I changed my trading approach, from Day fucking one when we started looking outside of Ripple the three rules were: Don't be greedy, Don't fall in love with these coins, Don't put more into than you're willing to lose.
These coins ain't shit to me but a way to make money. Having a large Blockfolio value ain't shit if you can't use it.
Fuck Stratis, Fuck Bitcoin, Fuck Ripple: all I want is that money, USD.
So I'm back on my bullshit only holding Stratis because it's viable, the rest I'm flipping.
Hardly a day trader but swing trading has me making more per month than my job
I love this Game!!
I'm still green in the game but I can see from what I'm doing it's gonna be nice around Christmas time...and I mean just how my bank account.look not buying a bunch of shit
Anyone using the gunbot?
That's why I changed my trading approach, from Day fucking one when we started looking outside of Ripple the three rules were: Don't be greedy, Don't fall in love with these coins, Don't put more into than you're willing to lose.
These coins ain't shit to me but a way to make money. Having a large Blockfolio value ain't shit if you can't use it.
Fuck Stratis, Fuck Bitcoin, Fuck Ripple: all I want is that money, USD.
So I'm back on my bullshit only holding Stratis because it's viable, the rest I'm flipping.
Hardly a day trader but swing trading has me making more per month than my job
I love this Game!!
Get this money fam!
I think Mixd is and he making $1k a day I believe.
Good question. Big reason I didn't bother buying one
I don't respect it because I had tunnel vision and missed on like 4 coins early on because I was trusting that ripple was the only.
@Mixd is this true?
What are your settings and do you change them every day according to TheBotFather's recommendations?
lol what.. how are you able to look at someone else's activity including deposits, trades and etc
Damn. Just give me half of that and I'm more than happy
Blockchain everything is public.
If you have an address you can see all the transactions for that address, and dude posted his in May when he was asking for donations.
Got damn Spectrum and I have been saying to look at block explorers for like two weeks straight.
I got raped today. Gotta doubleback and reassess some things. Suggested reading/study material anyone?
The GUNBOT trading logic and how to make profits
So: buy low and sell high. Right! But...how to? How to know when it is low enough to buy? And how to know when it is high enough to sell?
Let's start from beginning: cryptocurrencies trading is not like FOREX or Stocks trading. You simply CANT loose 10 to 15 years of your life studying indicators and meaningless drawings on a graphic. By then...your favorite crypto coin would be dead...
But...if indicators and shits like that are meaningless...why Poloniex (and other exchanges) bothered so much to provide us with nice candlesticks graphic and a bunch of indicators? Ok here is the answer: because they let you know when it is low enough to buy or high enough to sell
. You think I'm crazy uh...ok let's see: the following graphic shows a random period of a random cryptocurrency trading against BTC. Besides candlesticks, i enabled 2 lines of 2 different colors: EMA1 and EMA2
https://ibin.co/34vAbqfvuV3G.png
EMA1 and EMA2 are kinda of a weighted average of price and quantity. Literally, it is Exponential Moving Average. The number 1 and the number 2 on the side of EMA, indicate 2 different periods of calculations. Usually, EMA1 is calculated on longer periods and EMA2 on shorter periods. It indicates the average moving (up or down) of the latest prices calculated in the defined time. I suggest you set EMA1 to 2 hours and EMA2 to 4 hours if you want recurring trades in one hour or higher (4 to 8 hours or 6 to 12 hours) if you are fine with fewer trades per hour/day.
Next: when to buy? When to sell? Ok, this is the answer: there is a space between EMA1 and EMA2 (sometimes there is not and they run like they were equals). Every price below the bottom of EMA1 and EMA2 is a time to buy. Every price above the top of EMA1 and EMA2 is a time to sell. So: let's use some new colors now: yellow to buy and azure to sell. The graphic above would become like this:
https://ibin.co/34vJBrt4vQBH.png
When you see the yellow it is time you buy. When it is azure it is time to sell. You can try it with manual trades! There is a gray area between the EMA1 and EMA2: it is a pre-buy area and a pre-sell area. If the trend is going down, get ready to buy, if the trend is going up get ready to sell. HOLD YOURSELF to buy or sell in the gray area! You will know if the trend is really going up or down AFTER. So again: buy in yellow area and sell in azure. Try it! This is what GUNBOT does: repeatedly, 24/7, even when you sleep. Think about it...
Are there any apocalyptic cases that this will not work? Yes: we will talk about it later, in the topic about the "dumps" and "dumbs".
~Gun
So: buy low and sell high. Right! But...how to? How to know when it is low enough to buy? And how to know when it is high enough to sell?
Let's start from beginning: cryptocurrencies trading is not like FOREX or Stocks trading. You simply CANT loose 10 to 15 years of your life studying indicators and meaningless drawings on a graphic. By then...your favorite crypto coin would be dead...
But...if indicators and shits like that are meaningless...why Poloniex (and other exchanges) bothered so much to provide us with nice candlesticks graphic and a bunch of indicators? Ok here is the answer: because they let you know when it is low enough to buy or high enough to sell
https://ibin.co/34vAbqfvuV3G.png
EMA1 and EMA2 are kinda of a weighted average of price and quantity. Literally, it is Exponential Moving Average. The number 1 and the number 2 on the side of EMA, indicate 2 different periods of calculations. Usually, EMA1 is calculated on longer periods and EMA2 on shorter periods. It indicates the average moving (up or down) of the latest prices calculated in the defined time. I suggest you set EMA1 to 2 hours and EMA2 to 4 hours if you want recurring trades in one hour or higher (4 to 8 hours or 6 to 12 hours) if you are fine with fewer trades per hour/day.
Next: when to buy? When to sell? Ok, this is the answer: there is a space between EMA1 and EMA2 (sometimes there is not and they run like they were equals). Every price below the bottom of EMA1 and EMA2 is a time to buy. Every price above the top of EMA1 and EMA2 is a time to sell. So: let's use some new colors now: yellow to buy and azure to sell. The graphic above would become like this:
https://ibin.co/34vJBrt4vQBH.png
When you see the yellow it is time you buy. When it is azure it is time to sell. You can try it with manual trades! There is a gray area between the EMA1 and EMA2: it is a pre-buy area and a pre-sell area. If the trend is going down, get ready to buy, if the trend is going up get ready to sell. HOLD YOURSELF to buy or sell in the gray area! You will know if the trend is really going up or down AFTER. So again: buy in yellow area and sell in azure. Try it! This is what GUNBOT does: repeatedly, 24/7, even when you sleep. Think about it...
Are there any apocalyptic cases that this will not work? Yes: we will talk about it later, in the topic about the "dumps" and "dumbs".
~Gun
Don't dwell on it, learn and move on. You'll end up making double what you missed out on. That one mistake has your eyes wide open now to all possibilities. There's not a day that goes by that I don't learn new ways that people are making a killing in this game. Pump and Dump, Bitcoin rise and fall, Telegram rooms and ICOs. The OP gave me all I could ask for and that's a 101 to this crypto game. I'm down half from the highs of XRP but I've also made 5k on a boring ass Sunday on XVG. There's so much that happens with these coins that we'll never know why things rise and crash the way they do. Get as much as you can while you can and enjoy this Wild Wild West.
You get raped today but its possible if you wait a day or more you'll be back to normal.
I've made plenty of mistakes where I panicked a little by jumping out to quickly or selling at a lost because I wanted to stop the bleeding.
If I would have shown a little patience I would have been fine. I'm learning a lot from the guys in here and from my own research but the biggest trait to have is patience.
Ok here is my non-expert analysis on verge only been in this for 40 days soooo lol. FYI I don't know how to post my graphs and shit but trust me I can read the fuck outta these charts. Lil back story, I have a econ degree; only taught stats, math, and econ - just saying I can get the concepts of these wave formations.
Now I mentioned a few posts up I saw it coming but thought it would hold till the weekend, it happened faster but my chart on verge says it will take off in a week to a week and a half. During this correction cycle Verg is in downwards it already hit its midpoint (upwards bump while continuing down for 9 days starting June 4th) around June 13th. That was nine days to reach the midpoint so because this market is so volatile I wanted to play it safe and start buying back in a bit early like last night, just in case. NOTE *** I did so because at .0032 I would still be lowering my average cost***
But I see the real buy in time around the 19th -21th should get easy .0030 to .0026 maybe even .0023 buy ins. Once again I am not greedy and always very cautious so I will set my buys for about .0028 -.0027 range. Expect a take off around the 21st -23rd. Yes I know these a big gaps but I want to play it on the safe side. So by next friday everyone will be smiling talking about " bout to flip this, bout to flip that" lol
TAKE THIS SHIT WITH A GRAIN OF SALT lol however my investments based on these time frames. I learned whatever your plan is stick to it and have no regrets!!!
I have very little money at stake compared to others but I am very, very, tight with my money so that is why I am not very aggressive with my buy ins.
CHECK the charts on Bittrex for yourself and see if this don't match up (sorry about lack of visuals that sucks). You can see it easy by clicking on the (1 day view) but for a lil more info put in on (1 hour) then slide the scale to the left condensing the graph by dragging your left click to the left while its on the ruler on the bottom.
Now I mentioned a few posts up I saw it coming but thought it would hold till the weekend, it happened faster but my chart on verge says it will take off in a week to a week and a half. During this correction cycle Verg is in downwards it already hit its midpoint (upwards bump while continuing down for 9 days starting June 4th) around June 13th. That was nine days to reach the midpoint so because this market is so volatile I wanted to play it safe and start buying back in a bit early like last night, just in case. NOTE *** I did so because at .0032 I would still be lowering my average cost***
But I see the real buy in time around the 19th -21th should get easy .0030 to .0026 maybe even .0023 buy ins. Once again I am not greedy and always very cautious so I will set my buys for about .0028 -.0027 range. Expect a take off around the 21st -23rd. Yes I know these a big gaps but I want to play it on the safe side. So by next friday everyone will be smiling talking about " bout to flip this, bout to flip that" lol
TAKE THIS SHIT WITH A GRAIN OF SALT lol however my investments based on these time frames. I learned whatever your plan is stick to it and have no regrets!!!
I have very little money at stake compared to others but I am very, very, tight with my money so that is why I am not very aggressive with my buy ins.
CHECK the charts on Bittrex for yourself and see if this don't match up (sorry about lack of visuals that sucks). You can see it easy by clicking on the (1 day view) but for a lil more info put in on (1 hour) then slide the scale to the left condensing the graph by dragging your left click to the left while its on the ruler on the bottom.
How to not panic during a dump and continue to make profits
Ok, this is probably the most waited topic of this thread so I'm going to be straight: when a dump starts there is nothing you can do. It will continue until the last penny has been sold. I will give you 2 weapons to fight the dumpers: a psychological one and a technical one.
Ok, this is probably the most waited topic of this thread so I'm going to be straight: when a dump starts there is nothing you can do. It will continue until the last penny has been sold. I will give you 2 weapons to fight the dumpers: a psychological one and a technical one.
- Understand that trading is possible only because the price goes down and then it goes up. If it goes only up or only down, you can't trade. None would. So, take the bears as a part of the scenario. Accept it. Like it. As the price goes down, you know it will go up again, over and over. Oh wait....your GUNBOT bought when the price was up? Ok then, here to you the solution:
- The Bollinger Band: Poloniex was smart enough, they gave us another indicator to trade with crypto. What is the Bollinger Band exactly? It is an indicator of the volatility of the coin, related to the quantity of trades volume in a given instant. Open your Poloniex graphic and enable Bollinger lines, you will see something like this:
The larger the Bollinger Band is the more volatility on the market. As the Bollinger Band tights, there is less volatility. Said that, how to use the Bollinger Band? Well: it is a technical support to your weak morale because of a dump. Look the next picture:
The Bollinger Band is used to identify the entry point to buy and to sell in a certain strategy. Whenever the candlesticks cross over the Bollinger Band, there is a change of the trend. If you look at yellow arrows I drew, after any yellow arrow, there is a bullish trend. Now look at the next picture:
After any azure arrow, there is a bearish trend. The right moment for a change of the trend is when the candlesticks exit and THEN enter back inside the band. Sometimes they get very close to the band and the trend changes without crossing borders. Use the Bollinger Band to be aware of what is going on: it is a dump, yes, but you know exactly when it will stop and you know exactly when the bear will turn into a bull. Stay calm...take a deep breath....and don't stop the GUNBOT
So, do you like it? Did you ever see this? If yes: did you ever use the Bollinger Band as a tool to be aware you are not losing all your money and you don't have to stop your bot but it is just the wonderful world of trading going on? Well, now you know it...if you need more help on this, just shoot me a PM and please again...don't stop your GUNBOT, let it do its job for you...I didn't code emotions in it...
I feel ya man. I see those same coins too and kick myself that we only concentrated on XRP.
But we have to admit that if it wasn't for this thread, a lot of us wouldn't have dove into this world at all.
If you want to trade based off Elliott wave theory stockcharts.com has an amazing Elliott wave basics page.
Its how I trade and once you get the fundamentals you'll be looking at charts very different.
Nothing is guaranteed in this game but it makes your entries smarter and you don't panic sell.
I want to give this 1000 likesHow to not panic during a dump and continue to make profits
Ok, this is probably the most waited topic of this thread so I'm going to be straight: when a dump starts there is nothing you can do. It will continue until the last penny has been sold. I will give you 2 weapons to fight the dumpers: a psychological one and a technical one.
- Understand that trading is possible only because the price goes down and then it goes up. If it goes only up or only down, you can't trade. None would. So, take the bears as a part of the scenario. Accept it. Like it. As the price goes down, you know it will go up again, over and over. Oh wait....your GUNBOT bought when the price was up? Ok then, here to you the solution:
- The Bollinger Band: Poloniex was smart enough, they gave us another indicator to trade with crypto. What is the Bollinger Band exactly? It is an indicator of the volatility of the coin, related to the quantity of trades volume in a given instant. Open your Poloniex graphic and enable Bollinger lines, you will see something like this:
The larger the Bollinger Band is the more volatility on the market. As the Bollinger Band tights, there is less volatility. Said that, how to use the Bollinger Band? Well: it is a technical support to your weak morale because of a dump. Look the next picture:
The Bollinger Band is used to identify the entry point to buy and to sell in a certain strategy. Whenever the candlesticks cross over the Bollinger Band, there is a change of the trend. If you look at yellow arrows I drew, after any yellow arrow, there is a bullish trend. Now look at the next picture:
After any azure arrow, there is a bearish trend. The right moment for a change of the trend is when the candlesticks exit and THEN enter back inside the band. Sometimes they get very close to the band and the trend changes without crossing borders. Use the Bollinger Band to be aware of what is going on: it is a dump, yes, but you know exactly when it will stop and you know exactly when the bear will turn into a bull. Stay calm...take a deep breath....and don't stop the GUNBOT
So, do you like it? Did you ever see this? If yes: did you ever use the Bollinger Band as a tool to be aware you are not losing all your money and you don't have to stop your bot but it is just the wonderful world of trading going on? Well, now you know it...if you need more help on this, just shoot me a PM and please again...don't stop your GUNBOT, let it do its job for you...I didn't code emotions in it...
Hoping this VOX trend continues. Im hoping it will be a great ride
HOLD. Don't panic sell. Try to set your stop limit to whatever your break even price is
I appreciate you family.
Ok so I need to study the bollinger bands more and all of the various studies you can run. What is the slack page btw? I have the app.
Thanks fam, I really want all of us to make this money, there aren't many opportunities like this for brown folk and this one changed my life already.
How to not panic during a dump and continue to make profits
Ok, this is probably the most waited topic of this thread so I'm going to be straight: when a dump starts there is nothing you can do. It will continue until the last penny has been sold. I will give you 2 weapons to fight the dumpers: a psychological one and a technical one.
- Understand that trading is possible only because the price goes down and then it goes up. If it goes only up or only down, you can't trade. None would. So, take the bears as a part of the scenario. Accept it. Like it. As the price goes down, you know it will go up again, over and over. Oh wait....your GUNBOT bought when the price was up? Ok then, here to you the solution:
- The Bollinger Band: Poloniex was smart enough, they gave us another indicator to trade with crypto. What is the Bollinger Band exactly? It is an indicator of the volatility of the coin, related to the quantity of trades volume in a given instant. Open your Poloniex graphic and enable Bollinger lines, you will see something like this:
The larger the Bollinger Band is the more volatility on the market. As the Bollinger Band tights, there is less volatility. Said that, how to use the Bollinger Band? Well: it is a technical support to your weak morale because of a dump. Look the next picture:
The Bollinger Band is used to identify the entry point to buy and to sell in a certain strategy. Whenever the candlesticks cross over the Bollinger Band, there is a change of the trend. If you look at yellow arrows I drew, after any yellow arrow, there is a bullish trend. Now look at the next picture:
After any azure arrow, there is a bearish trend. The right moment for a change of the trend is when the candlesticks exit and THEN enter back inside the band. Sometimes they get very close to the band and the trend changes without crossing borders. Use the Bollinger Band to be aware of what is going on: it is a dump, yes, but you know exactly when it will stop and you know exactly when the bear will turn into a bull. Stay calm...take a deep breath....and don't stop the GUNBOT
So, do you like it? Did you ever see this? If yes: did you ever use the Bollinger Band as a tool to be aware you are not losing all your money and you don't have to stop your bot but it is just the wonderful world of trading going on? Well, now you know it...if you need more help on this, just shoot me a PM and please again...don't stop your GUNBOT, let it do its job for you...I didn't code emotions in it...
Thanks a million for this!!!
Edit: Just noticed that BITTREX has the Bollinger Bands too. Click on studies and you'll see it.
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