Nice. I'm a way off that kind of money but for now I'm happy enough, I'm up to 7m in safesun now. Each million is like $50 at current price so it's a nice little earner this is. I've put in a sell order in case it pumps overnight.
05-09-2021 07:06 PM
#376
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Nice. I'm a way off that kind of money but for now I'm happy enough, I'm up to 7m in safesun now. Each million is like $50 at current price so it's a nice little earner this is. I've put in a sell order in case it pumps overnight. | |
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05-09-2021 08:23 PM
#377
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theres about $175 (probably nearer $190 when its paid) ready for this weeks mining payout at the moment as well to go into that wallet tomorrow |
Last edited by Keith; 05-09-2021 at 08:31 PM. | |
05-09-2021 09:19 PM
#378
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05-10-2021 05:52 AM
#379
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05-10-2021 06:04 AM
#380
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Last edited by Keith; 05-10-2021 at 07:36 AM. | |
05-10-2021 07:35 AM
#381
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05-10-2021 05:29 PM
#382
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8.2m | |
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05-10-2021 06:16 PM
#383
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Last edited by Keith; 05-10-2021 at 06:47 PM. | |
05-10-2021 06:51 PM
#384
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It's a massacre out there. Nearly all my coins are red. dent is down into then 0.7c range after peaking at 2c and consolidating at 1c. I bought at 0.135c so I'm not crying yet. | |
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05-10-2021 07:18 PM
#385
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05-10-2021 07:24 PM
#386
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i think my trading strategy benefits from sideways and sudden dips as losses are limited and it gives chances to get some cheap buys . |
05-10-2021 07:59 PM
#387
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Ong , think you are making a mistake just holding onto the Dent , looking atthe graph it doesnt look pretty over the last month especially considering how everything else has gone up in the same period of time. you may see a bounce up to .11 and if you do, think about selling half and moving into some other coins and spread your risk. |
05-10-2021 08:04 PM
#388
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05-10-2021 09:42 PM
#389
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I guarantee that if I pull out of dent it'll rocket. | |
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05-11-2021 12:16 AM
#390
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05-11-2021 06:22 AM
#391
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The fact of the matter is, you can't really be taking financial advice off people when it comes to crypto, especially selling it. I don't want to be blaming anyone else but myself for any mistakes I make. If I end up with nothing, that's the way it goes for many people in crypto, just like poker. A risk I'm willing to take. | |
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05-11-2021 07:42 AM
#392
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This |
05-11-2021 08:03 AM
#393
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I'm pretty sure you missed Boost's point. If you think your actions affect events in some illogical cause-and-effect way like "If I sell it will immediately go up in price," then you are engaging in magical thinking. It's like saying "If I fold it will mean he was bluffing and if I call it means he was valuetowning me." It's either one or the other regardless of how you react to it. | |
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05-11-2021 12:25 PM
#394
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05-11-2021 12:51 PM
#395
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05-11-2021 02:16 PM
#396
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05-11-2021 05:25 PM
#397
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12.5m | |
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05-11-2021 06:39 PM
#398
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no smoking then Ong? |
05-12-2021 09:24 AM
#399
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last of 1 KSM from the 3.6 KSM i bought on the dip 2 days ago at 420 and 380 (average buying pice was 403.7) just sold for 480 for 18.9% profit ($280) |
05-12-2021 12:28 PM
#400
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I cleared out most of my shitcoins on bitmart yesterday. I bought 0.66 $BNB which is essentially a savings account, leaving a $10 buy order for each of the shitcoins so I can get back in cheap if the price crashes. All orders filled while I slept. | |
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05-12-2021 12:34 PM
#401
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05-12-2021 01:47 PM
#402
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think BTC could head down to 52-53k zone lowered all my buy prices in case it does. |
05-12-2021 01:59 PM
#403
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I'm not sure about bitcoin. I no longer think it's the safest coin to put money into. This is why I chose $BNB to dump profits. People actually need $BNB to pay fees, the demand is always going to be there. $ETH has ridiculous gas fees and I have no idea why people use it. | |
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05-12-2021 03:31 PM
#404
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So in three hours I've added over 2.5m to take me to 7.25m | |
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05-12-2021 03:33 PM
#405
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There is zero resistance too, this coin looks prime for a pump. | |
Last edited by OngBonga; 05-12-2021 at 03:42 PM. | |
05-12-2021 04:56 PM
#406
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Last edited by Keith; 05-12-2021 at 04:58 PM. | |
05-12-2021 05:03 PM
#407
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Sure, but I kinda feel like BTC will grow slower than its rivals. | |
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05-12-2021 06:21 PM
#408
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theres lots of self fullfilling prophecies as well ....like support and resistance ......which is basically what i'm exploiting ...everyone has heard of it so they look to sell once it has hit its tops and started to drop and when its dropped they are looking to see if it goes through resistance and jumping in and buying when it bounces. |
05-12-2021 06:37 PM
#409
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I exploit support and resistance, too. Different take on it with what I'm doing, but it's a good measure of what kind of difference I can expect to see over a period of time. If there's plenty of resistance, it gives me a solid idea what my maximum buy back price can be. Likewise, solid support means I can use it to set my minimum sell price. Anything beyond those figures is a bonus, but it helps to analyse the market to see if it's worth sticking around. Currently there's something like 20% difference between support and resistance, so I'm active. | |
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05-12-2021 06:44 PM
#410
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you're a multimillionaire lol |
05-12-2021 07:07 PM
#411
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I just really annoyed a fat whale. I'm employing really aggressive tactics to keep in front of the queue. I kept placing 1m sell orders in an instant to counter a rival. He showed me his roll with a huge motherfucker sell order, it was something like a fucking quadrillion coins, I didn't count the zeros but it was clearly intended as a fuck you to me. It was worth $40k ish I think. The order didn't stay there long. Made me laugh. I've been dominating to the point I'm actually tired. It's kinda exhausting. But there's such huge gains I feel like I'm stupid to not carry on. Tonight is good. I'm back above 10m. That 0.66 $BNB is basically free now. | |
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05-12-2021 07:09 PM
#412
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Splitting he orders is an insanely good tactic, haven't seen anyone else obviously doing this but it allows me to have an order ready to instantly respond to a challenge. If my rival has all his sell in one order then he has to cancel it and edit it, which takes a few seconds. I'm winning lots of trades this way. | |
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05-12-2021 07:15 PM
#413
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are you putting in conditional sell and buy orders ? .....i.e i'm putting a limit buy order in and then theres a conditional trade box you can tick on kraken that then lets you put a limit sell order automatically at the price you set once you have bought. |
05-12-2021 07:21 PM
#414
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looking at it it looks like the volatilty has reduced a lot which must be making the trading marginal at best? |
05-12-2021 07:32 PM
#415
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I don't think bitmart has that function. And the volatility with safesun is fine, 21.76% the swing between the last two trades, which I profited from. | |
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05-12-2021 07:36 PM
#416
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Buy order filled. I have 11.4m, there must have been someone else's 1m order hidden in mine. Still, insane profits. I had 10m half an hour ago. | |
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05-12-2021 07:54 PM
#417
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Ok I now have 5.5m safesun and 1 whole $BNB | |
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05-12-2021 08:03 PM
#418
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wow bigger dump than i was expecting BTC 47k |
05-12-2021 08:06 PM
#419
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haha fuck me I haven't been watching. | |
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05-12-2021 08:14 PM
#420
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6.2m | |
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05-12-2021 08:17 PM
#421
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Shit me I wish I'd waited to buy $BNB, it's nosedived. Fuck you bitcoin. | |
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05-12-2021 08:45 PM
#422
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05-13-2021 04:13 AM
#423
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put 2k on binance last night and managed to pick up BNB@603 VET @.178 ands MATIC @1.06 |
05-13-2021 10:12 AM
#424
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I just made a pretty stupid mistake. I typo'd in the buy box and literally bought coins off myself. That's 10% written off. | |
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05-13-2021 10:36 AM
#425
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one advantage of holding even the smallest amount of BNB on binance is that it reduces your limit commision rate down to .075. |
05-13-2021 01:05 PM
#426
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My latest tactic is to accept a break even trade in order to squeeze out others, in the hope they get bored and frustrated and look for another market to hustle. This is fun. | |
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05-13-2021 07:47 PM
#427
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ADA pump has just about got me back to where i was before the crash |
05-13-2021 08:56 PM
#428
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A week ago my binance balance was around $1500 and my bitmart balance was under $100 | |
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05-13-2021 08:58 PM
#429
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I've got $50 worth of mooncunt on metamask too. I'm quite happy to forget about that though. | |
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05-13-2021 09:13 PM
#430
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05-13-2021 09:26 PM
#431
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That's the savings threshold. I'm pretty sure that I'm borderline working here, but since this isn't a guaranteed income, and my assets are under the savings threshold, it's not a problem. That's certainly the case with poker. | |
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05-13-2021 09:32 PM
#432
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I mean, I would like nothing more than to be earning enough money to support myself. I don't take pride in having to live off state handouts. It's just preferable to a job I hate. But if this last week is something I can repeat, then it's a matter of time before I'm in business. | |
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05-14-2021 07:35 AM
#433
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if you have to sign off , you effectively become self employed which would let you |
05-14-2021 07:55 AM
#434
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It's a grey area, kinda like poker but even less clear. Poker is considered by the govt to be gambling, so it's clear that if I win less than the savings threshold, it's no different to winning on the lottery. Crypto trading is not gambling, it's self employment. It gets difficult though when you consider that the govt does not consider crypto to be "money", it's an asset. So it's basically like a painting until I sell it. With this in mind, I haven't made any profit yet, since all of my crypto remains "asset", not "money". | |
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05-14-2021 08:34 AM
#435
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BIM56850 - Financial traders - instruments and shares: case law and individuals |
05-14-2021 08:41 AM
#436
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BIM56860 - Financial traders - instruments and shares: three cases involving individuals |
05-14-2021 08:41 AM
#437
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So ..in conclusion .......its a grey area lol |
05-14-2021 01:40 PM
#438
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Yeah, and this is for stocks and shares, not even crypto. I'm not even sure if the govt treat them the same. | |
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05-14-2021 01:57 PM
#439
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when you sell you create a taxable event ii.e you sell safesun thats a taxable event and you buy usdt thats another taxable event |
Last edited by Keith; 05-14-2021 at 02:01 PM. | |
05-14-2021 02:47 PM
#440
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I'm not fucking reading manuals. The taxman will get paid, just not twice. And I'm not keeping records of transactions when I make multiple buy and sell orders per hour. That's basically another way of saying "nope you can't make money like this buddy". | |
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05-14-2021 03:08 PM
#441
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you only pay the tax based on the taxable events which is the buys and sells not when you withdraw |
05-14-2021 03:43 PM
#442
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But what I withdraw is actual profit. And assuming my coins go up in value, it's better for the taxman to tax my fiat profit, rather than my crypto profit. | |
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05-14-2021 03:49 PM
#443
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This can't be right. Let's assume I bought 100 bitcoin in 2010. And today I cash it out. Since I haven't made any trades other than my initial purchase, there's no tax due at all. But this is ludicrous as I've made an insane profit. | |
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05-14-2021 03:53 PM
#444
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Wait, if I want to cash it out, I have to first turn it into £GBP. There's your taxable event. Ok fair enough on this one. | |
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05-14-2021 03:55 PM
#445
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No this still doesn't make sense. Trading 100 $BTC into an equivalent amount of £GBP is a zero profit transaction. | |
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05-14-2021 04:02 PM
#446
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In fact, all of my trades are zero profit transactions. If I sell 1m safesun for $50, I have made no profit, since the 1m safesun is worth $50. | |
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05-14-2021 04:20 PM
#447
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CRYPTO22100 - Cryptoassets for individuals: Capital Gains Tax: what is a disposal |
05-14-2021 04:30 PM
#448
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Don't worry Ong, I'll come and visit you in prison. | |
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05-14-2021 04:31 PM
#449
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05-14-2021 04:34 PM
#450
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