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    Cryptocurrency Daily General Discussion - March 28, 2018

    March 28, 2018

    Cryptocurrency Daily General Discussion - March 28, 2018

    Daily General Discussion - March 28, 2018

    Posted: 27 Mar 2018 11:12 PM PDT

    Welcome to the Daily General Discussion thread. Please read the disclaimer, guidelines, and rules before participating.

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    Stephen Colbert announces that Ripple donated $27 million in XRP to DonorsChoose.org

    Posted: 27 Mar 2018 09:28 PM PDT

    Dogecoin on International Space Station. No Joke. Serious.

    Posted: 27 Mar 2018 07:18 AM PDT

    Newly Founded Blockchain Association To Sue Facebook &Co for Banning Crypto Ads

    Posted: 27 Mar 2018 06:26 PM PDT

    How to properly buy high, and sell low: Easier said than done.

    Posted: 27 Mar 2018 09:58 PM PDT

    I figured its about time I share my experience during dips. I hardly take loses. I started out last march , and now Crypto is a full time job for me. I spend 10hrs a day 7 days a week swing trading.

    Everyone seems to get the whole buy the dip wrong.

    Most people buy the dip. A friend of mine dumped in $2k buying the first dip from the ATH. It dipped futher. He hasnt recovered. He's currently down 40% .

    To properly buy the dip, you have to have set amount of money on the side you are willing to spend buying the dip. However, you srent suppose to spend it all when buying the dip.

    Lets say the max amount to money you are willing to spend or lose is $2000

    Lets also say for example the market is at the ATH or $800,000,000,000 , and you made your first Crypto investment of $2000 into BTC when it was $16,000 each , and you have $2000 set aside for buying the dip.

    The market crashes to $600,000,000,000 And BTC is sitting at $12,000 each. This is where you decided to buy the dip .

    You shouldn't spend the $2000 dip money. You're suppose to spend about 25%($500) or else you could be looking at a further dip that doesn't retrace, and your left with no capital to buy the new dip. The whole point of buying a dip is to make gains when your crypto retraces back to its previous position, and cover previous losses in your long term investments.

    Your initial $2000 after the first dip is now $1500. Keep this money seperste, you have to make up for that $500 loss somehow.

    So you buy the first dip for $500. You are now invested of $2500 , but you're worth only $2000. Instead of being down 25% you're now down 20% of your total investment.

    Now dip number 2 occurs. BTC is only worth $8k now. Now its time to spend another $500 out of your initial $2k buy the dip money.

    You're now down a total of 37.5% of your total investment instead of 50%

    Now the market bounces back and BTC retraces back to $12,000 each.

    This is when you sell your $675 worth of BTC you bought during the dip for $500.

    You have now covered roughly 33% of your loss you took buying the dip at $12k. You now have extra capital to buy further dips.

    Now. If the BTC market goes back to $16,000 each. Thsts when you sell your inital earnings from the first dip you bought. This now leaves you with an extra $350, and your initial investment is even. Now if BTC dips sgain to $12,000 not only have your total loss shrunk to 7% , you now have an extra $350 to buy the dip remembering to still stick with the 25% rule,

    You can now spend $580 buying at 12k each, and $580 rebuying at $8.

    This isn't an overnight thing. This could take a couple months, but the whole point is to eventually be in a position where

    A. You can buy more and increase your position for long term

    Or

    B: be in a position where you have cashed out your initial,investment of $2000, and you still have the original $2,000 worth of BTC (Play Money)

    So again, using all your Dip money on one dip is very risky. It can dip further, and may never recover enough. Also you now have 0 capital to buy if it dips dither . its stupid to buy dips that way.

    So again

    BTC at $16k: Inital investment BTC at $12k: bought the dip BTC at $8k: bought the dip BTC at $6k: bought the dip BTC at $3k: bought the dip

    • BTC recovers to $6k: Sell your last Dip buy in.

    • BTC recovers to $12k: sell the fip you bought at 6k

    • BTC recovers to $16k: sell the $12k buy in .

    Etc etc.

    Thats how you buy low, and sell high. Otherwise spending all your dip money on one dip is nothing better than a 50/50 gamble on red or black at a roulette table , and thats how you really lose your money buying dips.

    I hope that was a friendly reminder to experienced investors , and I hope that clears it up for anyone who is inexperienced .

    EDIT:

    Its easier said than done. It takes discipline to not hold the money you invested in dips, dip investments should never be holds if you want your losses back right away.

    The idea is to narrow down your losses while increasing your position.

    submitted by /u/JuicySpark
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    The Future Of ICO Fundraising: The Open Platform Case Study

    Posted: 27 Mar 2018 03:08 PM PDT

    An Update on Ark's Successes and What 2018 Holds For the Platform.

    Posted: 27 Mar 2018 04:24 PM PDT

    Clearly bitcoin is dead...

    Posted: 27 Mar 2018 07:54 AM PDT

    When you are down 70% 3 months might seem like a life time but just give it time guys.

    March 2010: $0.003 March 2011: $1 March 2012: $5 March 2013: $80 March 2014: $600 March 2015: $250 March 2016: $400 March 2017: $950 March 2018: $8,000

    submitted by /u/MisterKyles
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    Oyster Shell: SHL Explanation - Airdrop April 6th

    Posted: 27 Mar 2018 03:31 PM PDT

    NewEgg Accepting BTC now live

    Posted: 27 Mar 2018 02:01 PM PDT

    So who thinks Binance is going to pwn coinbase?

    Posted: 27 Mar 2018 06:01 AM PDT

    Moving to Malta, having regulational clarity and cooperation, a centralized and decentralized exchange, fiat pairs, vastly better service, and a massive selection of coins make me believe Binance is going to take over. Coinbase said 20% of their employees are compliance related as well, which Binance won't have to commit nearly as much resources to. I think if Binance can make a more noob friendly app and website somehow I think they will beat coinbase in every category.

    TLDR: Coinbase needs to make massive changes, fast. Erc20 tokens are a good start

    submitted by /u/warrchaser
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    Ford Plans to Use Cryptocurrency For Car Communication

    Posted: 27 Mar 2018 10:13 PM PDT

    Cryptocurrencies to be accepted in as many as 80,000 stores across Europe

    Posted: 27 Mar 2018 04:09 AM PDT

    New Episode of Scammer Running Away After ICO: Steven Seagal And Bitcoiin’s (Bitcoiin2Gen) Founders Leave The Project After The Completion of ICO

    Posted: 27 Mar 2018 02:21 PM PDT

    When crypto was in a bull market...

    Posted: 27 Mar 2018 03:41 AM PDT

    It felt like it would never crash. Now that it's a bear market people feel like it will never go up again. Just want to point out that the current state always feels "permanent" but the market never is. Nobody knows if we are going up, down or trading sideways but we should know that no state is permanent.

    submitted by /u/vodka_is_a_solution
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    ForkDelta Co-Founder forced out, be wary of ForkDelta now

    Posted: 27 Mar 2018 06:36 PM PDT

    Twitter post

    Full text:

    It is with sadness and confusion that I, Jonathon Dunford (Co-founder @ ForkDelta), present the community with some unfortunate and shocking news.

    On the evening of March 26th, after about 2 weeks of very limited communication from Arseniy (Co-founder @ ForkDelta), his near absence on ForkDelta, and repeated attempts to communicate with him, I was shocked to find he suddenly revoked my access to all aspects of the ForkDelta project.

    When I asked about what was going on, he responded by saying he had "fired" me as Co-founder. Shocked, I asked how he came to such a rash decision, and his reasoning alluded to a token that slipped by our listing process in the early stages of ForkDelta that was later delisted.

    I want to make it abundantly clear that given these rash decisions that are very detrimental to the growth and health of ForkDelta, I am incredibly uncertain about its future.

    With all of the hard work I and several other developers/contributors have poured into ForkDelta in the past 3 months, I have every intent to begin work on a new exchange. I have spoken with all of the devs and contributors that worked on the ForkDelta project and several of them have expressed their interest in switching to the new venture.

    We are discussing some pretty revolutionary ideas that could change the DEX landscape for the better. This is not the end. We will build something better. I will make some announcements via Twitter when we get some official repositories finalized.

    https://twitter.com/6BigBrother

    P.s. I am not Jonathan, I have known him via telegram since before he got involved with ForkDelta. Posting on his behalf because his personal reddit account has no karma.

    EDIT: Arseniy has been deleting all discussions about this on official ForkDelta channels.

    submitted by /u/dashrandom
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    New Electrify Asia Advisor

    Posted: 28 Mar 2018 03:06 AM PDT

    Vitalik Buterin meets the Japanese Minister of Foreign Affairs

    Posted: 27 Mar 2018 09:13 AM PDT

    Vertcoin exchange Vertbase completes anti-money laundering compliance review

    Posted: 27 Mar 2018 06:41 PM PDT

    Genesis Vision Alpha Release (April 1) Report

    Posted: 27 Mar 2018 12:09 PM PDT

    Belarus Government announces its involvement in the world of Cryptocurrencies

    Posted: 28 Mar 2018 01:45 AM PDT

    Cboe encourages SEC to allow Bitcoin ETFs. This is the most bullish news I've seen since futures last year.

    Posted: 27 Mar 2018 10:12 AM PDT

    Chile cryptocurrency exchanges call out banks for service refusal

    Posted: 27 Mar 2018 09:43 PM PDT

    Australia Seeks Public Input on its Tax Treatment of Cryptocurrencies

    Posted: 28 Mar 2018 03:21 AM PDT

    Owner Of A.C. Milan Tried To Refinance The Club With Bitcoin

    Posted: 27 Mar 2018 09:10 AM PDT
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