Bitcoins anyone?

[Harvey Specter]

Sea of red

[RevYouUp]

2 weeks into 2018 and people are already panicking

[J.C]

What's a good alternative to quadriga?
Most funding options are currently disabled.

Coinbase + credit card?

[RickyTan3]

Originally Posted by PeanutButter

I would also like to share my investment strategy with you guys and to see if this may help some of the newer investors out there. Now, I got into the market really early and I started making these huge gains, but I didn't know how to take profits, or when to take profits. This is a challenge for a lot of people.

In the last month, I think I figured it out. With any investment, you need to set some clear targets and goals, if you don't have any targets, it's hard to know when to take profits. I use this same strategy with my stock market portfolio, why didn't I use the same strategy with crypto? Duh..

What you have to do is create a portfolio mix. Once you do that, taking profits is easy. Now, this portfolio mix is going to differ dependent on your risk profile.

What are the different types of risk profiles? You can look at them here: http://canadiancouchpotato.com/wp-co...eries-2017.pdf
^that's pretty standard in the financial industry. (Bond Index Fund = CASH/USDt for the crypto space)

For me, i'm towards the Assertive side. What does that mean for crypto?

20% = USDt

This means, at ALL times 20% of my portfolio is in USDt (or cash).

Fundamentally, everyone should be holding coins they see long term potential, this helps with your mix.
Right now, this is my mix:

"Asset Allocation"
40% ADA
20% USDt
20% NEO
20% alts

^ What does this mean?

Q: What do you do when the market goes up?
A: You rebalance your portfolio and take profits into USDt

ie. At one point my USDt allocation was down to like 5%, this meant all of my alts were up. I need to rebalance. I took profits from ADA, NEO, and all my alts. I sold those and bought USDt until my USDt allocation was back up to 20%. When I rebalanced, my portfolio looked exactly as it did above.

Because my risk profile is 20% in cash, I need to maintain that, otherwise I would need to change my risk profile.

Q: What happens when the market drops?
A: You rebalance your portfolio and move USDt into Alts

ie. The market is tanking right now, so my USDt position is up to like 40%. I could hodl right now, but my risk profile is more assertive, so I need to get rid of USDt. So I started to slowly buy more and more ALTS to meet my asset allocation.


Hopefully, this helps some of you guys. Too many of the people I talk to are ALL IN on crypto, that's great and all, but that's way too risky. If you create a proper asset allocation, then taking profits is easy and when the market is down, you have funds to buy alts at a discount.

This formula sounds good for STOCK portfolio...

For crypto, sounds like you are taking profits to early

[threezero]

Originally Posted by PeanutButter

I don't necessarily buy this, but it's something...

+++++

Everybody relax. Here's the reason for the dip, and when the bull market will return. (self.Bitcoin)

submitted 12 hours ago by eclipsegum

Asia still dominates in crypto-trading by volume, accounting for the vast majority of money flowing in and out. Guess what is coming up in 3 weeks?

Lunar New Year. Lots of money is flowing back to fiat to buy presents and plane/train tickets.

People spend a TON of money on travel and presents during Lunar New Year. This is their Christmas. This is also the largest mass migration of people on the planet, occurring over two weeks. Projections are for $100 billion USD in spending. [https://www.forbes.com/sites/ywang/2...#3a6d5502999a]

Remember that the crypto market is antithetical to the stock market. Stocks boom when business is booming during the holidays. Crypto investors are retail investors, not Wall Street investors. Retail investors sell during holidays, thus the crypto market falls.

This selloff has happened exactly 3 weeks before Lunar New Year each of the last 4 years.

Evidence: https://i.imgur.com/xKFssKT.jpg [credit: u/Secruoser]

So, everybody chill out for a week, the bulls will be back by February. You can't fault these Chinese and Korean bros for taking major gains to buy some cool shit for their families. Hell, if you want to, buy up their cheap coins in the meantime.

https://www.reddit.com/r/Bitcoin/com...r_the_dip_and/

complete bullshit written obviously by a westerner.

Chinese culture has been and will always be about saving for the future. 90% of the population does not live pay cheque to pay cheque. If they are poor enough that you need to cash out your crypto porfolio to buy gift and ticket home, they will not involve themselves in a highly speculative and technically illegal market in China.

Sure a small percentage of lower class folk might be involve in the market but that number is so small its a drop in the bucket. All the restriction in China right now has decrease the amount of crypto investor domestically and basically made this a game for the relatively rich folks. Again for these folks if you do not have enough money in your fiat account to buy ticket for a trip home, they simply do not invest.


complete bullshit theory. next plz

[DragonChi]

If these ledgers were so transparent, wouldn't it be possible to see where the money is going?

Even if it's a bunch of numbers and letters.

[Manic!]

Originally Posted by DragonChi

If these ledgers were so transparent, wouldn't it be possible to see where the money is going?

Even if it's a bunch of numbers and letters.

You can: https://etherscan.io/txs

[Razor Ramon HG]

Bitconnect finally collapsed, lmfaooooooo

[DragonChi]

Looking for large transactions, there doesn't seem to be a sort feature.

But it's a start!

[Manic!]

Originally Posted by Razor Ramon HG

Bitconnect finally collapsed, lmfaooooooo

NOOOOOOOOO!!!!!!!!!! what are all those youtubers going to do.


Prices are on the way back up.

[PeanutButter]

Originally Posted by RickyTan3

This formula sounds good for STOCK portfolio...

For crypto, sounds like you are taking profits to early

How is a stock portfolio any different then a crypto portfolio?

Also, taking profits "early" is an arbitrary thing. When ADA was over $1, did I take profits "too early"?

I'm just following my risk profile. In any market, you need a proper strategy. Because I held USDt, I was able to buy alts cheap without injecting new cash.

For most of the members here, who was able to buy cheap alts without putting more money in?

It's fine if you can constantly put more money in, but for most people, they can't just keep putting new money in.

Investing in stocks and crypto isn't any different.

I don't re-balance everyday, I rebalance probably at least once a month to make sure i'm on track.

Without a clear target, you will never take profits.


edit;
I should add, when i'm taking profits, that doesn't mean i'm selling my entire position. I'm just rebalancing that position to my risk tolerance. If my allocation to ADA is 40%, then I need to try to keep my allocation to that percentage. My entire portfolio still grows, it just grows at my desired level of risk.

[SkinnyPupp]

The proper method is to buy whatever has the dankest memes and then sell when something is danker

乃凵丫 乚口山 丂乇乚乚 卄工厶卄

[PeanutButter]

Here we gooo againnnnn!

HODL on to your hats boys and girls

[ime2006]

My guess, it will keep going down for another 10%.
Then, its time to buy!!!

[Manic!]

Originally Posted by J.C

What's a good alternative to quadriga?
Most funding options are currently disabled.

Coinbase + credit card?

Coinbase has a $250 a week limit. Try https://coinsquare.io they have instant verification or https://www.cryptoconnect.ca verification within 24 hours.

[ime2006]

Just found this Site.

https://www.nicehash.com

Anyone heard of it ? It only minds BTC

[Manic!]

Originally Posted by ime2006

Just found this Site.

https://www.nicehash.com

Anyone heard of it ? It only minds BTC

They don't mine only BTC they pay out in BTC. The site allows people to rent out there computers hashing power. It tests your computer to see what coin/algorithm mines best on your computer then mines that. They pay you you for the use of your computer in BTC. It's manly used by people who don't know what there doing and want something easy to set up. They where also hacked a few weeks back and lost a bunch of bitcoin.

You are better off using a site like nanopool. you will make more money that way.

[Ulic Qel-Droma]

https://www.facebook.com/cryptohubce...7917212782899/

LAWL

[SkinnyPupp]

Originally Posted by Ulic Qel-Droma

https://www.facebook.com/cryptohubce...7917212782899/

LAWL

I wonder if he is one of the investors who has a ton of USDT sitting on an exchange that who knows if he'll ever be able to get it out

[Hehe]

Any recommendation for buying the dip?

Still have 5BTC left, so the idea is to go from BTC-->xxx

But BTC seems to be taking most of the drop.

[ime2006]

Originally Posted by Manic!

Coinbase has a $250 a week limit. Try https://coinsquare.io they have instant verification or https://www.cryptoconnect.ca verification within 24 hours.

Just tried Coinsqure.io

After sign up, it says your account is verified instantly.
You can fund your account by Interac Online right the way.
I can see the CAD amount in the account.

But Available to withdraw is 0

not sure whats going on there.....

[Razor Ramon HG]

Originally Posted by ime2006

Just tried Coinsqure.io

After sign up, it says your account is verified instantly.
You can fund your account by Interac Online right the way.
I can see the CAD amount in the account.

But Available to withdraw is 0

not sure whats going on there.....

I don't use Coinsquare, but I'm sure you want to deposit, not withdraw.

[ime2006]

Originally Posted by Razor Ramon HG

I don't use Coinsquare, but I'm sure you want to deposit, not withdraw.

Yea, i did deposit cash in the account last night, just test water see how things work with coinsquare. I have also added RBC direct deposit info.

So, after deposit cash in the Coinsquare account.

I see "available withdraw" is 0



So, they only allow deposit ? but not withdraw for CAD

[jing]

^ There is a holding period for withdrawals.

Made an account with them last night as well. Been waiting a good 2 weeks for Quadriga verification, not that approval would do squat right now considering nearly all the funding options are blocked.

[Manic!]

Quadriga is fckd. Coinsquare allows you to be fully verified using Equifax Quad still has to manually verify the account. It's like a 3 to 4 week waiting period.