Cryptocurrencies

[OngBonga]

What is your insight into exchanges that allows you to profit? Are you arbitraging across exchanges?

I can't imagine this is easy to do, even though it's probably possible. If you had a bot doing the work, then for sure this could bring in a profit, but it would be way too stressful as a human.

The exchange doesn't care, they get their fee.

[Keith]

Keith, what exchange do you use? Ong? It seems like Coinbase or the like would evaporate any short term trade gains via fees.

currently on Kraken and fees are around .14%.

had a hell of a job getting money onto binance so kind of gave up on them , firstly they wouldnt accept verification docs that allother pokersites/exchanges had accepted so far . then deposits didnt go through from card . may try again though

downside of kraken is that it can have sell off wicks but great if you have some buys set to take advantage of those wicks which the trading strategy i'm using is relying on , by buying at the bottom of the daily trading range you are also minimising loses when market dips.

looking at moving to kucoin or binance in the future though simply for the smaller fees but also to get access to some extra coins like VET

Also, buying at X and selling at X*1.05 sounds great, but I've a skeptical disposition, and I have an inkling that something so simple can't really be profitable. What am I missing?

Dopn't forget that prices can dump fast . the way i'm looking at it though is i'm buying at the bottom of the trading range anyway which minimises the loss, if it drops its either filling some buys i've set lower down or i 'll make a decision whether it was just a bad trade and eat the loss .

[QUOTE=boost;2312216]What is your insight into exchanges that allows you to profit? Are you arbitraging across exchanges? Or is it as simple as buy order at X and sell order at x*>1, rinse and repeat? How do you forecast what the >1 variable will be? If it's back looking, isn't that pretty unreliable?[ /quote]

basing it on the trading range and volatility over the previous couple of days

Do you even care if you miss a pump? Isn't your game just locking in a volume of small gains due to fluctuations so that you don't need to predict a pump?

I mitigate that risk by having two portfolios one is long term hold on a off exchange walle and the rest is trading funds . if it pumps past you can set multiple sell prices but you risk missing trades and just because a coin pumps doesnt mean you cant trade the new ranege or another coin altogether

I can't imagine this is easy to do, even though it's probably possible. If you had a bot doing the work, then for sure this could bring in a profit, but it would be way too stressful as a human.

The exchange doesn't care, they get their fee.

The problem with having a bot doing the trading is that you are risking you account contents as you don't necessarily know if the bot creators won't code in a bleed to themselves or just straight out transfer your coins to their account wallets

[Keith]

sold my trading BTC yesterday at 58950 split buys at 56800,55400, and 54000. 56800 has filled and sell order put in for 59100

Kava buy order filled at 6.05 sell order put in @ 6.6

[Keith]

as an aside ...are any of you guys interested in a private discord channel .

kinda feel nervous about posting publically how much i have in crypto .

its also a lot easier to post screen shots as well

[OngBonga]

My safesun stack is up to 6.15m. I started with 500k. This is purely selling and then buying back cheaper, beating a 10% rake in the process.