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Thread: Cryto Currency

  1. #106
    Me? Post? Never! Club Member Angarak's Avatar
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    Interesting and scary how you can lose a lot so quickly:

    http://uk.businessinsider.com/flash-...-angry-2017-12

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  2. #107
    Did somebody say carbon? Club Member Ric's Avatar
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    happened with ETH not long ago.

    People with stop orders without limits. Horrible, but their own faults.

  3. #108
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    Quote Originally Posted by Ric View Post
    happened with ETH not long ago.

    People with stop orders without limits. Horrible, but their own faults.
    Slippage can happen regardless with margin trading, not sure what the exchanges rules are on stop limits. its the nature of the beast though as it depends on market liquidity at the time. Especially when dealing with market makers. Sounds like some people did well out of this though..
    Last edited by and1c; 02-12-17 at 22:27.

  4. #109
    I'm part of the furniture Club Member Sheefa's Avatar
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    Risk comes with margin trading and stop losses. It's still awful though.

    My advice, move coins into wallets Asap and never setup auto fill/sell orders on exchanges, do it yourself.
    Greg

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  5. #110
    Did somebody say carbon? Club Member Ric's Avatar
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    A stop loss is fine to use.

    You just need to pair it with a limit.

    Otherwise the stop will occur at your price but then that is the same as you starting a market order at whatever the price is. If people are only selling/buying at 20p your orders will fill at that.

    A limit will show that you wont accept lower than that. So you wont get raped.

    When it happened on GDAX they refunded a lot of the losses as they are a more "regulated" exchange. I imagine Bitrrex will tell people to gtf.
    Last edited by Ric; 03-12-17 at 09:28.

  6. #111
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    My main concern with these exchanges is finding a non fraudulent one. Bittrex used to be solid, but is getting a lot of bad reviews lately, as is Coinbase. (just google them for reviews...) It's the wild west out there!
    Even using cold wallet storage still means you have to transfer BTC into the exchange to buy the other coins and then back out again with the new coins, it seems a lot of people have had stuff go missing during either of these processes. I am very soon taking all my alt coins out of bittrex... hopefully.. will update if all goes smoothly.
    Last edited by and1c; 04-12-17 at 09:56.

  7. #112
    Posting is my life! Club Member Jellybean's Avatar
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    IOTA and Tangle , mean anything to anybody?

    Still trying to get setup with Coinbase but they keep reiterating my Drivers License is unreadable , use their app , it is as clear as if I physically gave it to them

  8. #113
    I'm part of the furniture Club Member Sheefa's Avatar
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    I have IOTA yes.

    Greg

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  9. #114
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    The UK and other EU governments are planning a crackdown on bitcoin amid growing concerns that the digital currency is being used for money laundering and tax evasion.

    The Treasury plans to regulate bitcoin and other cryptocurrencies to bring them in line with anti-money laundering and counter-terrorism financial legislation. Traders will be forced to disclose their identities, ending the anonymity that has made the currency attractive for drug dealing and other illegal activities.
    Its reported that its all just a bubble but the Global black economy alone could invest anonymous crypto currencies to 4 times their current trading values. The skill in investment is always riding the bubble to the point just before it pops. At minimum proposed regulation changes will make any gains eligible for UK taxation which they already are but tax is presently avoided by traders under the anonymity presently offered in trades.
    Last edited by rider; 04-12-17 at 10:50.

  10. #115
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    https://uk.trustpilot.com/review/coinbase.com
    https://uk.trustpilot.com/review/bittrex.com

    buyer beware

    - - - Updated - - -

    Quote Originally Posted by Jellybean View Post
    IOTA and Tangle , mean anything to anybody?

    Still trying to get setup with Coinbase but they keep reiterating my Drivers License is unreadable , use their app , it is as clear as if I physically gave it to them
    https://uk.trustpilot.com/review/coinbase.com
    https://uk.trustpilot.com/review/bittrex.com
    Last edited by and1c; 04-12-17 at 11:10.

  11. #116
    Did somebody say carbon? Club Member Ric's Avatar
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    All those reviews are pointless and probably by extremely green people.

    Money not received - probably didn't include the unique reference they need to transfer
    Dont hold keys - transfer to another wallet then
    can't withdraw - dont have a verified euro account

  12. #117
    I'm part of the furniture Club Member Sheefa's Avatar
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    Rider - Please don't comment on this being a bubble like all the mainstream media and sources. Do you know anything about crypto currencies, the technology behind Ada and Neo for example? I doubt it.

    This is a currency revolution not a bubble. We've not even started getting to the bubble stage yet.

    Greg

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  13. #118
    I'm part of the furniture Club Member Sheefa's Avatar
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    Totally agee Ric.

    Greg

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  14. #119
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    Quote Originally Posted by Ric View Post
    All those reviews are pointless and probably by extremely green people.

    Money not received - probably didn't include the unique reference they need to transfer
    Dont hold keys - transfer to another wallet then
    can't withdraw - dont have a verified euro account
    Talk about wild speculation.

  15. #120
    Did somebody say carbon? Club Member Ric's Avatar
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    So coinbase is stealing the money of all those people on there? They'd be closed down.

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