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06-21-2019, 08:40 PM | #1786 |
MVP
Join Date: Oct 2011
Location: Chandler AZ
Casino cash: $1331004
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I'm with you.
"Always sell what shows you a loss and keep what shows you a profit." - Jesse Livermore, from Reminiscenses of a Stock Operator. One of the best books ever. Written circa 1920 but still incredibly, almost eerily relevant. Book some profits along the way, of course. |
Posts: 13,755
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06-21-2019, 08:47 PM | #1787 |
MVP
Join Date: Oct 2011
Location: Chandler AZ
Casino cash: $1331004
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LOL, been there. The first time around in 2017 and early 2018, I made a spreadsheet with my different coins. Punch in the current prices and it would total everything. I was updating it every 5 - 10 minutes for literally weeks. It's addicting!
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Posts: 13,755
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06-21-2019, 08:56 PM | #1788 |
MVP
Join Date: Oct 2011
Location: Chandler AZ
Casino cash: $1331004
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Posts: 13,755
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06-21-2019, 09:07 PM | #1789 | |
Banned
Join Date: Jan 2013
Casino cash: $9998560
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Quote:
I ask because I tried initially and didn't know what I was doing and probably excited and with the input and output costs I lost money. Like $4k. Coinbase. I did learn the value of HODL though. But now as I peek at my max sell, I see the fees are much lower. I don't know what the **** I'm doing man. Right now I'm thinking the longer you are in, the cheaper the fees. At least to a point. dunno. Last edited by eDave; 06-21-2019 at 09:21 PM.. |
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Posts: 53,803
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06-21-2019, 09:25 PM | #1790 |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $-99523
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I've got several Litecoin but I changed my email address and now can't access my account. I need to call coinbase tomorrow and get that fixed.
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Posts: 40,650
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06-21-2019, 09:37 PM | #1791 | |
MVP
Join Date: Oct 2011
Location: Chandler AZ
Casino cash: $1331004
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Quote:
In terms of how to book profits, that's impossible for me to tell you without knowing your situation. If you put down $40k, it's probably pretty good though. You need an exit plan that you're comfortable with. Don't try to catch the top of the move, but realize that opportunities like this could turn out to be don't happen often. Pulling your initial seed money out is liberating, because it takes a lot of the emotion out of it. Trading is fighting human nature. Especially this kind of volatility. It's nice to have a chart with a trend-line. On this chart I have a trend line drawn that starts at the bottom of the 4/1 candle to the bottom of the 4/25 candle. If it breaks that, I'm no longer bullish and I'm out. Currently sitting around 7700. https://bitcoinwisdom.io/markets/bitfinex/btcusd |
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Posts: 13,755
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06-21-2019, 09:43 PM | #1792 |
Banned
Join Date: Jan 2013
Casino cash: $9998560
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Thanks man.
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Posts: 53,803
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06-21-2019, 09:49 PM | #1793 |
MVP
Join Date: Oct 2011
Location: Chandler AZ
Casino cash: $1331004
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Lost my phone in Mexico in March 2018 and I didn't have my passkeys written down. Freaking nightmare, took weeks to access my Coinbase and Binance accounts. Crypto takes losing your phone to a whole new level of suck.
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Posts: 13,755
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06-21-2019, 09:51 PM | #1794 |
MVP
Join Date: Oct 2011
Location: Chandler AZ
Casino cash: $1331004
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Posts: 13,755
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06-21-2019, 09:56 PM | #1795 |
SuperBowl or bust
Join Date: Dec 2008
Location: BF Iowa
Casino cash: $44088
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A little advice...
Move your coins and funds to GDAX (Coinbase pro) and buy/sell on there. I haven’t bought or sold any crypto since this time last year, but once I moved things to coinbase pro, I cut my fees massively. |
Posts: 47,540
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06-22-2019, 08:09 AM | #1796 |
SuperBowl or bust
Join Date: Dec 2008
Location: BF Iowa
Casino cash: $44088
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Btc 11,156 this am
Eth 317 Should have bought a some crypto back when ethereum got under 100 and bitcoin got under 3500. |
Posts: 47,540
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06-22-2019, 08:16 AM | #1797 |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $-99523
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Posts: 40,650
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06-22-2019, 08:27 AM | #1798 |
sorta mod-ish
Join Date: Jan 2004
Location: KC North
Casino cash: $1671616
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Posts: 103,918
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06-22-2019, 04:39 PM | #1799 | |
Banned
Join Date: Jan 2013
Casino cash: $9998560
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Quote:
HODLDave Last edited by eDave; 06-23-2019 at 04:25 AM.. |
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Posts: 53,803
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06-22-2019, 10:42 PM | #1800 | |
Woman should only make babies
Join Date: Nov 2003
Location: Apartment "G UNIT!"
Casino cash: $1416136
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Quote:
keep in mind that this shit is supposed to be actual money. XRP might be good for that instead of the speculative game.
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Posts: 54,635
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