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bitcoins

Yakoo752 said:
There has been speculation that things of this nature has been going on for sometime. I wouldn't say Chinese but organized groups that have enough capital to swing things and cause a run up/down. Bitcoin is hard to move now because it's market cap is so large but some of these smaller ones can be heavily influenced by a $5M swing.

Pigs get lead to slaughter
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Totally true. CME and CBOE get into bitcoin and look what we got! People are fleeing BTC to alts because CME and CBOE can't control the other coins. BTC is fucked and on its death spiral. Lightning will be the only thing to save it imo.

The China thing is so overplayed. We've been hearing that noise for months.
 
Entoptic said:
Stop loss can help with that.
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Not if there aren't buyers when your sell gets triggered, or if the system fails under volume.

Stops don't work when the market is in free-fall. Talk to some people that had stops in place during the dotcom crash.
 
jt2 said:
Not if there aren't buyers when your sell gets triggered, or if the system fails under volume.

Stops don't work when the market is in free-fall. Talk to some people that had stops in place during the dotcom crash.
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Stops can be adjusted for fault tolerance. When an exchange craps it’s pants all orders already in are good to go. I understand what you’re trying to say and it is a risk but you got to have a plan for it.
 
Entoptic said:
Stop loss can help with that.

There is no harm in playing safe. I prefer to be in fiat so quick decisions can be made.
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I'm not sure if you have ever used stop loss orders in a severe downswing.

They don't always work. The problem is that a stop loss is triggered by the underlying security hitting a certain point. It doesn't mean or guarantee that it will sell at that point.

There have been a couple huge downswing days in the last couple years where horrific losses were realized as stop losses were hit, the underlying went down another 20% BEFORE the order was executed ( and it does not execute at the stop number, it executes at market), and then the underlying went back up to positive territory.

Entoptic said:
Stops can be adjusted for fault tolerance. When an exchange craps it’s pants all orders already in are good to go. I understand what you’re trying to say and it is a risk but you got to have a plan for it.
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Sorry. You can set limits all you want, but when the market freefalls and your stop indicates a sell, it will sell at market, and that may be 30% below what your limit was. Of course you can set another limitation, but EACH limitation is another market order that has to queue up. You want insurance? Buy puts and calls or go long or short on commodity contracts. Anyone who tells you stop loss orders are protection is a flat out liar. They are hedges, and nothing more.
 
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afm199 said:
I'm not sure if you have ever used stop loss orders in a severe downswing.
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I can pretty much guarantee it. :laughing
They don't always work. The problem is that a stop loss is triggered by the underlying security hitting a certain point. It doesn't mean or guarantee that it will sell at that point.

There have been a couple huge downswing days in the last couple years where horrific losses were realized as stop losses were hit, the underlying went down another 20% BEFORE the order was executed ( and it does not execute at the stop number, it executes at market), and then the underlying went back up to positive territory.
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Well put. Also, in a volatile market, you can get stopped out on a down spike. A false alarm, if you will.

Sorry. You can set limits all you want, but when the market freefalls and your stop indicates a sell, it will sell at market, and that may be 30% below what your limit was.
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It can be a lot more than 30%. Couple that with unregulated exchanges with virtually no oversight... SMH.
 
I'm a very big believer in crypto, however.. Ernie and Jeff are spot on here.
 
Stop losses can burn you also when the stock takes a tumble in the after market and opens 30% below your number.
 
Oh boy....

My transfer from GDAX to Poloniex 40min ago isnt showing up. Great. Tripping out.

Hope it's a time thing. I know they are swamped.

Trying to find history of transfer and can't find it.
 
afm199 said:
I'm not sure if you have ever used stop loss orders in a severe downswing.

They don't always work. The problem is that a stop loss is triggered by the underlying security hitting a certain point. It doesn't mean or guarantee that it will sell at that point.

There have been a couple huge downswing days in the last couple years where horrific losses were realized as stop losses were hit, the underlying went down another 20% BEFORE the order was executed ( and it does not execute at the stop number, it executes at market), and then the underlying went back up to positive territory.



Sorry. You can set limits all you want, but when the market freefalls and your stop indicates a sell, it will sell at market, and that may be 30% below what your limit was. Of course you can set another limitation, but EACH limitation is another market order that has to queue up. You want insurance? Buy puts and calls or go long or short on commodity contracts. Anyone who tells you stop loss orders are protection is a flat out liar. They are hedges, and nothing more.
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jt2 said:
I can pretty much guarantee it. :laughing


Well put. Also, in a volatile market, you can get stopped out on a down spike. A false alarm, if you will.



It can be a lot more than 30%. Couple that with unregulated exchanges with virtually no oversight... SMH.
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You guys are acting like I said a stop loss will ensure you don't lose your ass when in fact all I said is that it can help.

Thanks for the info. I'm sure a few people here don't understand stop loss and your posts helped.

Blankpage said:
Stop losses can burn you also when the stock takes a tumble in the after market and opens 30% below your number.
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Crypto doesn't have an after market.
 
Dubbington said:
Oh boy....

My transfer from GDAX to Poloniex 40min ago isnt showing up. Great. Tripping out.

Hope it's a time thing. I know they are swamped.

Trying to find history of transfer and can't find it.
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kinda normal. 2 weeks ago, i had transfers from GDAX to Binance take ~2hrs. there was no record of anything until u get that email saying the transfer is complete.
 
Entoptic said:
Crypto doesn't have an after market.
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Yeah I know I was continuing with the side topic of exiting stock positions.

However in the unregulated crypto market I wouldn't be surprised to find not all trades are treated equally and some traders get their orders executed before others.
 
Dubbington said:
Oh boy....

My transfer from GDAX to Poloniex 40min ago isnt showing up. Great. Tripping out.

Hope it's a time thing. I know they are swamped.

Trying to find history of transfer and can't find it.
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I made a transfer 4 hours ago and it's still waiting to get confirmed. Took about 2-3 hours to show up on blockchain.
 
I'm a little confused guys. Whenever I transfer from CB or Gdax I'm presented with a 2FA screen and an email confirmation. A transaction ID/Hash is displayed and I can go search for my transaction in real time.

How do you guys have it set up?
 
MikeyRocks said:
I made a transfer 4 hours ago and it's still waiting to get confirmed. Took about 2-3 hours to show up on blockchain.
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Won't that become normal with blockchain. There's getting to be a lot of info and a lot of blocks to update. Not the fastest format.
 
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