Splitting cold wallets and trading BitcoinCash + Coinbase has issued an update
Morning all,
Long night for me.. I just want to update you all on how Im trading BitcoinCash and whats how the market is reacting to the slow block time..
Coinomi instructions:
https://medium.com/@coinomi/collecting-your-free-bitcoin-cash-coins-44fcc6008bb6
Coinomi app at google play:
https://play.google.com/store/apps/details?id=com.coinomi.wallet
Coinbase update:
https://blog.coinbase.com/update-on-bitcoin-cash-8a67a7e8dbdf
Please post comments with any Bitcoin Cash news that you hear. The price of Bitcoin Cash is very news sensitive right now. Let's keep each other informed.
Luc
Have a look at the price action straight after a bcc block comes in, so much edge there.
I love the way how Luc explains everything in his trading and share it with us. Highly recommended to anyone out there!
Hi @quickfingersluc, @allyourbase11 made a slack group for people to chat, share charts and talk about bases. We're not asking you to join because we know you're busy, but it would be great if you could mention the Slack in a blog post so more people see about it and join.
https://join.slack.com/t/quickfingerstraders/shared_invite/MjIyNDkzMDk4MzU4LTE1MDE3NTM5ODctOTA0NTNiZTc1OQ
Thanks again for sharing your strategies with us!
Sure, I will come check out your room in the next few days.. Does a slack room have moderators? While I like the idea, I don't think there is enough action, during the day to keep a room active.. This market is soo small that I have no trouble keeping up with the opportunities.. I bearly take 3-5 trades a day most days in crypto.. whereas in the stockmarket there are thousands of stocks bouncing around.. Just OTCBB stocks alone have over 10,000 stocks.. Meanwhile Bittrex list 255 coins..So you can see how our little market is still quite small, dont get me wrong, there are plenty of opportunities trading crypto, and you can easily make a good living trading only this market, but it might be a little slow for a chatroom..
119 members and growing, content is pretty active and easy to navigate. I suspect this will help to reduce the number of questions you face in your blog Luc.
Gonna join, sounds like a decent idea.
Its been pretty boss so far. Let me know if you join, I'll make you an owner
I like it. It may not be a place of action packed all the time trades like luc mentions(though it could be), but it seems like a nice middle ground between that and the pace of blog comments. Thanks for making it!
Just joined, love the idea!
Maybe a telegram group? We can discuss trading and investing. I'm in a really constructive group already, search "ride to the moon" on telegram. Also "the coin farm" is good as well. Happy trading and investing!
Hi Luc and anyone one else here who could help, I'm fairly new to the crypto market but your videos have been perfect to build up my confidence to trade. I want to enter the market at £300 as a starting point and go from there, what would be the best way to start off and which coin
maybe? Really would appreciate advice from
everyone. Keep up with the vids !! @quickfingersluc
I would also like to know which cryto pairs are the best and most reliable to trade using your method. especially the bitcoin pairs
I am looking out for opportunities to do some serious position trading via Luc's method but so far I can't find any. At first I listened to the general opinion to buy only when a price is 10% below the base, now I compromised that to 5% but nothing seems to dip that far below the base.
What penny stocks broker are you using ? platform ?
There is also a facebook group. facebook is much more organized that slack messy chat.
https://www.facebook.com/groups/1064955490307688/
I trade with Questrade and Virtual Brokers for Stocks, and I use EquityFeed for scanner/charting
Thanks for setting this channel up!
wasn't me... thank allyourbase. i just want to help bring eyes to it.
ahh got it! Well it worked! (to get me in there anyway :)
I will join if slack let me... forever loading :(
This is how I split my coins. May help if you dont have android.
I started with my BTC on an Electrum wallet.
I'd like to say a big Thanks for the knowledge that you share. It is so insightful and has made me money in a very reliable way. I really appreciate that you are back making videos :-))))))
@quickfingersluc -Can you please let me know how to handle those day trades ? I mean as soon as I get the alert i open the chart and I see the price is back to where it was before the drop or close to it so i can
t make that trade. It seems to happen in seconds which is too fast to catch that trade. What I should do in this instance ? Placing a buy order to where the drop was seems not to be a good ideea as from what I see the drop seems to happen once not multiple times. Please help me with this. What I should do to catch those drops ? Its very frustrating not to be able to make a few trades because thigs happens in seconds not minutes. Thanks once again for everything and i`m looking forward for your answerHi Luc,
Thanks for the Videos And comments... what i have noticed is Bitcoin or cryptocurrency is quite confusing to people mainly the initial set up for accounts How small can they start trading capital. what exchanges they should use. even me i would love to see a full set up as there seems to be no videos explaining this in full. i tryed 2 platforms and found that position trading is the way to go i also tryed the other i was on iq options and the buy and put spread would kill you as a day trader like 50-80 pips at one point it was 50 in and then later when i had made some proffit to exit i would loose 40 pips so a total of 90 pips what a joke.... so i was hoping you might make a startup video on how to get started and how to trade with low capital for those that want to try but dont want to risk much regards Will-i-am-7521
1 month back, I had no idea about Crypto trading. After watching Luc's videos, I have started trading a few days back. Before that, I opened my accounts on Bittrex, Bitfinex, Kraken and waited for them to get verfied, bought Bitcoins from an ATM, Local Bitcoins and waiting for my account to get verified on Coinmama to buy directly from my card. I started very small (16$ to be exact) and steadily gaining each day just by following Luc's advice. 16$ is not much, but I am waiting to buy 100$ worth on Coinmama. But even with 16$, I have made it into 36$ in just a few days. So, in my opinion, nothing is small, where there is a will there is a way. I have wacthed Luc's videos more than 10 times each. Sometimes, I just observe his computer screen to see what things he do which sometimes he forgets to tell ( little things like his screen size, his alarm sound etc) because he is trading for 10 years+. I know 16$ could just be a price of a burger in your city, but where I am located currently, average salary is 200$. So, it's a decent amount of money for many people. Luc is very busy with his personal tradings and there are something which we have to find it on our own. All the best with your tradings. Hope you see only green days ahead :)
I am always checking this blog. I keep doing it few times per an hour, I always check whether Luc has posted a new video :-) Or replied to a comment.. I can't stop myself :-D I am addicted :-)
I have ton of questions to ask and I am waiting till Luc posts his next video to ask all there :-)
I really don't have much to make a video about today. Everyone has been asking me to make some videos on Day Trading, (but I'm hesitant, because its dangerous, and new traders could lose money, vs position trading which is so simple) ... As far as the position trading goes, its well explained in my videos.. I dont want to make videos, just to make videos.. It has to be valuable content, so perhaps when I see the next big opportunity on the market, Ill make another video.
Oops.. Anyway I will not stop checking your blog over and over again.. I have some questions I'll post them here then :-)
I Luc, I would love more info on day trading as well. Even though it's a bit more dangerous, I feel that it's a great way to learn because you can get more trades on your shoulders and learn how the market works. At least that's how I see it after doing it for about two weeks. I Think people need to consider that it's a bit more risky so just put less money into it until you feel more comfortable. In my case, I've been making some money but I need more guidance, I feel most of the time I'm acting on gut feeling. So it would be great if you could make a video more in depth about it
but we miss you man!
@quickfingersluc While I agree that day trading is very dangerous, I feel that people will do it anyway, so it's best to inform them instead of letting them go their own way.
Tone Vays has his finger on the pulse of BitcoinCash
https://twitter.com/ToneVays/status/893466458554085376
Bittrex has opened BCC deposits.
BCC DUMPING after every Block Mined!
it's the perfect storm.. everyone trying to sell, but unable to move there free coins... it's like a rat race to hit the sell button, only you have to wait many hours to move it to the exchanges.. Im ready to buy into big down spikes when they happen...
For most of your followers the question remains: how do we know when its profitable to buy on a downspike via daytrading on a chart like BCC which appears to be heading down down down down down? Your position trade method is very logical, but day trading with a coin such as BCC doesn't share the same obvious traits @quickfingerluc. Help?
Every situation is different, but trading is always the same, because you are dealing with humans.. SO daytrading is alot like the position trading that you are getting use to.. with bases and surprise panics, the only big differences is timing and risk.. Daytrading is risky (not safe like the position trading) Panics dont always bounce like they should, but the chart always tells you the story...
1st thing is your daytrading, so you have to be on a 5min candle chart.. then you have to read the chart so you know when panics are getting rediculous.. heres the current 5 min chart of BCC
can you see that every few hours we get a big sell off? thats when a block happens and finally some people have there BCC moved to bttrex.. then they dump the price and then it has a chance to settle for a few hours while we wait for the next block.. but the chart is showing this, even without knowing the back story... it tells you that there is way way more sellers than buyers, and they show up every few hours.. Notice the one 47% 5 minute drop ... it was so rediculous that it almost bounced back to the base.. thats a true panic... then every other smaller drop didnt make it back to there bases because there are way way too many sellers, this chart shows extreeme weakness... the next drop was 27% and the last drop was only 13% but i drew in Xs to show you where they didnt return to there 5 min bases..
So you can see how this is very unpredictable, and you could easily get stuck in a trade that leaves you bought in too high while the price slowly disappears on you.. You have to respect the risk.. you have to act fast.. You have to be willing to take a loss quick too if your wrong.. Its not an easy game..
Thats why I avoid trying to teach people how to daytrade, because so many will lose there money trying to time fast moving panics that dont bounce like they should...
Anyway, in regards BCC.. if there is a quick 5-10 minute drop of 30-50% or more I would be loading for a good bounce... so here at 273 i would consider buying around 160 and under, only if it happened in a fast drop, then if it paints a 2nd red bar to under 100, oh man i would get monkey long/buy big... and make huge percentages on the bounce..
I hate to say any of this on my blog, because its soo unsafe, and could get people hurt, and please remember I have been day trading for many many years, so I have an unfair advantage... (so if you feel nervous you are in too big, keep it small when your new)
If you start posting tutorials on daytrading like you have been on position trading, then It might be wise to add a disclaimer image at the start of the video which states something about how by daytrading a person will likely lose money if they don't know what they're doing. Then you can share whatever risky information knowing fully that every person who watches the video is responsible for their own decisions to take risks and you did your best to warn them.
I'm saying this to let you know that I'm one person (probably among others) who wants to get into daytrading cryptos but I'd like to do it right, and I trust your experience and value the information you put forward. I hope that when you post daytrading videos, you won't hold back.
I have noticed that the people who are attempting to daytrade in the Slack group (see above) are almost always (1) brand new traders (2) do not have the fundamentals of position trading down yet (3) haven't payed attention to Luc's content or might have poor comprehension skills. They tend to be here for the gamble, the thrill of the experience, but they are taking great risks without the firm logic to back it up. I know this won't be popular, but perhaps Luc would be best to not discuss his day trading philosophies until his community has caught up with the basics of position trading. Personally this suggestion hurts me because I have the fundamentals of position trading down pat, but I know that the needs of the community outweighs my own needs. With that said, we cannot stop someone from taking risks, it's their life and they have the power of choice - so maybe my suggestion to tone down the more risky day trading content is pointless. I see both sides of this coin so to speak.
@tizzle - thanks, i think you just helped me a lot. Position trading it is until i get the fundamentals down and then some.
People will always complain about losing money, but they can only blame themselves. I don't mind taking risks and even if I got wiped out I wouldn't complain. I like your in-depth chart analysis, it helps understand more chart types and how you can trade other coins in different ways.
As there is little historical data to technical trade, you have to think about fundementals.Keep an eye on spreads on different exchanges and mining hash power.The difficulty level dropping will also make it more profitable to mine.
As of a few hrs ago most exchanges were more or less at same price so price will stabalise more now.
BCC is here to stay, Roger Ver will make sure of that.
I would say daytrading BCC is as dangerous as it gets. It's freefalling and doesn't even touch previous tops. Luc's probably mainly trading it cuz it allows insane volume on a trade, and you can squeeze in 10-20% if you catch things perfectly.
Luc showed some of the trades we should buy, but I think daytrading is quite a science more complicated than the usual.
Edit: Never mind. Just read Luc's comment.
Thanks. Good info here. I just subscribed to their channel.