|
Litecoin is now going nuts, presumably because Bitcoin has been getting a lot of media attention, and you can easily trade Litecoin on Coinbase. It's up like $100 or more in a day so far. However, as far as I can tell, Litecoin actually does a much better job at being a currency than Bitcoin with fast and cheap transactions. E: holy poo poo I have Gdax open and it's just a huge frenzy with the price swinging $30-40 up and down every few minutes. Bardeh fucked around with this message at 13:34 on Dec 12, 2017 |
#
?
Dec 12, 2017 13:27
|
|
|
|
| # ? May 28, 2024 23:55 |
|
|
Fanatic posted:Godamnit. I wanted to buy Litecoin at $190 but Bpay took two days to go through so the price is already over $340 it's $240 on every other exchange and $320 on coinbase/GDAX because the US is frothing harder than most countries in the short term (as in, the next 2 hours) this means that everyone with LTC on coinbase loses 25%, but don't worry, they'll get it back next week (until they won't)
|
|
#
?
Dec 12, 2017 13:41
|
|
|
Bardeh posted:Litecoin is now going nuts, presumably because Bitcoin has been getting a lot of media attention, and you can easily trade Litecoin on Coinbase. It's up like $100 or more in a day so far. However, as far as I can tell, Litecoin actually does a much better job at being a currency than Bitcoin with fast and cheap transactions. Yeah I haven't sold my LTC yet because it's going up uP UP. All aboard the Litecoin train toot toot  Edit: Adar posted:it's $240 on every other exchange and $320 on coinbase/GDAX because the US is frothing harder than most countries Sorry, I forgot I was looking at kangaroo dollars AUD.
|
|
#
?
Dec 12, 2017 13:44
|
|
|
litecoin seems like a new kind of cryptocurrency
gary oldmans diary fucked around with this message at 14:07 on Dec 12, 2017 |
|
#
?
Dec 12, 2017 14:03
|
|
|
Bardeh posted:Litecoin is now going nuts, presumably because Bitcoin has been getting a lot of media attention, and you can easily trade Litecoin on Coinbase. It's up like $100 or more in a day so far. However, as far as I can tell, Litecoin actually does a much better job at being a currency than Bitcoin with fast and cheap transactions.  
|
|
#
?
Dec 12, 2017 14:31
|
|
|
Went to take my profits and was met with this! Everything is going according to plan!
|
|
#
?
Dec 12, 2017 14:44
|
|
|
Solice Kirsk posted:Went to take my profits and was met with this! Im the aids cock fantasy bookmark
|
|
#
?
Dec 12, 2017 14:53
|
|
|
I'm the secret Canadian program icon
|
|
#
?
Dec 12, 2017 14:53
|
|
|
I'm in last place. Went 1-13. That's what happens in a dynasty league when you try to win the year before by trading most of your picks.
|
|
#
?
Dec 12, 2017 14:54
|
|
|
QuarkJets posted:I mean I wouldn't rule that out but the bitcoin price commonly pulls all sorts of illogical bullshit that makes no sense don't forget that bitcoin narrowly avoided a controversial fork in the weeks before the bitcoin cash fork, and that caused the price of bitcoin to surge after a month long decline. the bitcoin cash fork was announced just afterwards and the market stabilized. once the fork occurred, the market sold off bitcoin cash and bought bitcoin. since then they've had a noticeable inverse correlation i don't see what is irrational about that. for bitcoin's true believers, the avoidance of the first fork was fundamentally good news. the bitcoin cash fork was not popular so most people sold it off (the price absolutely tanked out of the gate) and bought bitcoin. (you can say that the irrational part is that anyone truly believes in bitcoin and i'll concede that point.. but if you treat "bitcoin=good" as an axiom, then the behavior makes sense) Uranium 235 fucked around with this message at 16:24 on Dec 12, 2017 |
|
#
?
Dec 12, 2017 16:20
|
|
|
down n out posted:When you’re a bitcoin millionaire but all you can buy is gold and cocaine: Those abs are soooooo painted in
|
|
#
?
Dec 12, 2017 16:22
|
|
|
Bardeh posted:Litecoin is now going nuts, presumably because Bitcoin has been getting a lot of media attention, and you can easily trade Litecoin on Coinbase. It's up like $100 or more in a day so far. However, as far as I can tell, Litecoin actually does a much better job at being a currency than Bitcoin with fast and cheap transactions. except for the fact that gdax is laggy as hell right now and way too dangerous to trade in... but before it got laggy it was reaaallly good to trade
|
|
#
?
Dec 12, 2017 16:25
|
|
|
I don't even know how you'd make reliable and informed trades right now, the price is spiking up and down 20-30 euros on a second by second basis.
|
|
#
?
Dec 12, 2017 16:32
|
|
|
Uranium 235 posted:don't forget that bitcoin narrowly avoided a controversial fork in the weeks before the bitcoin cash fork, and that caused the price of bitcoin to surge after a month long decline. the bitcoin cash fork was announced just afterwards and the market stabilized. once the fork occurred, the market sold off bitcoin cash and bought bitcoin. since then they've had a noticeable inverse correlation you're assuming generally rational behavior in a speculative market that has increased 1700% in less than a year. poo poo is completely irrational and no one knows what's going to happen (except maybe the people running the exchanges). it's easy to look back at price changes and say "that's why it happened". doesn't mean it's accurate
|
|
#
?
Dec 12, 2017 16:37
|
|
|
Bardeh posted:I don't even know how you'd make reliable and informed trades right now, the price is spiking up and down 20-30 euros on a second by second basis. Just yell, "Big bucks, big bucks, no Whammies!" when you submit your trade and all will be good. Turmoil fucked around with this message at 16:56 on Dec 12, 2017 |
|
#
?
Dec 12, 2017 16:41
|
|
|
Inept posted:you're assuming generally rational behavior in a speculative market that has increased 1700% in less than a year. poo poo is completely irrational and no one knows what's going to happen (except maybe the people running the exchanges). it's easy to look back at price changes and say "that's why it happened". doesn't mean it's accurate you can have irrational behavior in a rational market and rational behavior in an irrational market
|
|
#
?
Dec 12, 2017 16:50
|
|
|
Bardeh posted:I don't even know how you'd make reliable and informed trades right now, the price is spiking up and down 20-30 euros on a second by second basis. typically when that's happening, it's within a fairly well-defined range. you can put a limit buy at the bottom of the range and a limit sell at the top. a lot of other people will do that too, so you have to compete with them to get your orders filled... the buy orders climb higher and the sell orders drop lower, within each trader trying to stick their order in front of everyone else's. what you get is an equilibrium pattern in which the price action tightens and volume drops off. the safer thing is to wait until after this frenzy is over. eventually the price stabilizes and volume drops very low. it's best to wait in cash until the market has made a clear decision on whether it will go up or down. once the price breaks one direction, volume will come back into the market and carry the price in that direction. if the bulls win, you can buy in once they break past previous resistance and then sell into the momentum trading is always very risky and you always need to protect yourself and be willing to accept a small loss to avoid a bigger loss. i'm not recommending that anyone try this
|
|
#
?
Dec 12, 2017 17:05
|
|
|
GDAX* has literally zero dollar fees for limit orders. I'm not talking 0.9%, but 0.0%. Market orders do have a small fee. How is that even possible? You're consuming their resources in order to constantly check and fulfill them periodically. *GDAX is where you should be doing all your wheelin and dealin btw, and you're automatically registered as a Coinbase user with the same login.
|
|
#
?
Dec 12, 2017 17:14
|
|
|
wide stance posted:GDAX* has literally zero dollar fees for limit orders. I'm not talking 0.9%, but 0.0%. Market orders do have a small fee.
|
|
#
?
Dec 12, 2017 17:16
|
|
|
wide stance posted:GDAX* has literally zero dollar fees for limit orders. I'm not talking 0.9%, but 0.0%. Market orders do have a small fee. It's to encourage providing liquidity, so when someone does a big market order they don't run price through everyone's stops and crash the market (to the up or down side, though few people care if it crashes up). IRL markets have volume-based commissions and liquidity rebates for the same reason. It works because the taker fee is larger than it needs to be.
|
|
#
?
Dec 12, 2017 18:20
|
|
|
i'm diversifying my cryptos now. if i wanted to sell some of my btc to buy eth or ltc, it would make the most sense to just trade BTC for LTC or ETH, right? and not BTC for cash, then cash for ETH or LTC?
|
|
#
?
Dec 12, 2017 19:40
|
|
|
scott zoloft posted:it would make the most sense to just trade BTC for LTC or ETH, right? and not BTC for cash, then cash for ETH or LTC? oh, uh, yeah, definitely.
|
|
#
?
Dec 12, 2017 19:44
|
|
|
scott zoloft posted:i'm diversifying my cryptos now. if i wanted to sell some of my btc to buy eth or ltc, it would make the most sense to just trade BTC for LTC or ETH, right? and not BTC for cash, then cash for ETH or LTC? Buy bitcoins.
|
|
#
?
Dec 12, 2017 19:45
|
|
|
Triglav posted:That's the SEC. They and FINRA do securities. Bitcoin isn't a security. It would be regulated like foreign exchange under the CFTC and NFA, though bitcoiners wrongly want it regulated under FinCEN like a bureau de change. yeah but all these futures and poo poo? quote:That said, products linked to the value of underlying digital assets, including bitcoin and other cryptocurrencies, may be structured as securities products subject to registration under the Securities Act of 1933 or the Investment Company Act of 1940. quote:Published 14 Hours Ago Updated 4 Hours Ago
|
|
#
?
Dec 12, 2017 19:46
|
|
|
scott zoloft posted:i'm diversifying my cryptos now. if i wanted to sell some of my btc to buy eth or ltc, it would make the most sense to just trade BTC for LTC or ETH, right? and not BTC for cash, then cash for ETH or LTC? There aren't any fees so it doesn't really matter.
|
|
#
?
Dec 12, 2017 19:47
|
|
|
fine i'll get a calculator
|
|
#
?
Dec 12, 2017 19:47
|
|
|
Burt Sexual posted:There aren't any fees so it doesn't really matter. gdax is indicating different growth percentages based on USD -> ETH and BTC -> ETH.
|
|
#
?
Dec 12, 2017 19:48
|
|
|
I get what people are doing with LTC. I still don't understand what ETH is for.
|
|
#
?
Dec 12, 2017 19:54
|
|
|
Moridin920 posted:yeah but all these futures and poo poo? Futures are under the purview of the CFTC and NFA as well. The F in both of those abbreviations is Futures. The sale of exchange-traded products (ETFs, ETNs, etc) based off rolling futures strategies would be subject to the SEC, though, as they are investment companies subject to the Investment Company Act, traded on exchanges subject to the Securities Exchange Act.
|
|
#
?
Dec 12, 2017 19:55
|
|
|
scott zoloft posted:i'm diversifying my cryptos now. if i wanted to sell some of my btc to buy eth or ltc, it would make the most sense to just trade BTC for LTC or ETH, right? and not BTC for cash, then cash for ETH or LTC?
|
|
#
?
Dec 12, 2017 19:56
|
|
|
In the last 24 hours: Miner revenue: $43,135,449.73 Cost per transaction: $117.51 Average transaction fee: $25.10
|
|
#
?
Dec 12, 2017 19:59
|
|
|
Uranium 235 posted:imo the alt-btc pairs suck. low volume and liquidity. i always trade with USD pairs I just did the math and the difference seems negligible which makes sense. What're you talking about?
|
|
#
?
Dec 12, 2017 20:07
|
|
|
XK posted:In the last 24 hours: Mastercard 
|
|
#
?
Dec 12, 2017 20:10
|
|
|
scott zoloft posted:I just did the math and the difference seems negligible which makes sense. What're you talking about? the price that's displayed is usually equivalent to the USD price, but just look at the order book. there's a significant spread Uranium 235 fucked around with this message at 20:20 on Dec 12, 2017 |
|
#
?
Dec 12, 2017 20:17
|
|
|
Low volume means few trades have occurred, not necessarily that it's hard to get a trade going. Low liquidity means what you say, though, and means that it's hard for you to cross the spread to get a trade going, which would then be recorded as volume once made.
|
|
#
?
Dec 12, 2017 20:25
|
|
|
Uranium 235 posted:low volume means that it's hard to get limit orders filled. low liquidity means you're going to have slippage if you market order. volume and liquidity are much better with the USD pairs, so it's easier to get limits filled and markets have a lower chance of slipping Triglav posted:Low volume means few trades have occurred, not necessarily that it's hard to get a trade going. i get it. thanks!
|
|
#
?
Dec 12, 2017 20:27
|
|
|
lol if you think the SEC is going to get off their rear end to do literally anything at all
|
|
#
?
Dec 12, 2017 20:32
|
|
|
LinYutang posted:lol if you think the SEC is going to get off their rear end to do literally anything at all Wouldn’t they theoretically come up on a bunch of crypto (the currency of the future) and fiat (currency of the past) through fines and poo poo if they went after these ICOs and what not?
|
|
#
?
Dec 12, 2017 21:04
|
|
|
Nessus posted:Own a complicated financial instrument resting firmly atop a bunch of people deeply committed to a collective delusion that provides strong upward price pressure even in the face of, to be charitable, a lack of evidence. So I can I cash out bitcoins for U.S. Dollars or trade them for something I can sell for U.S. Dollars?
|
|
#
?
Dec 12, 2017 21:05
|
|
|
|
| # ? May 28, 2024 23:55 |
|
|
XK posted:I get what people are doing with LTC. I still don't understand what ETH is for. Trading cats
|
|
#
?
Dec 12, 2017 21:16
|
|
