Shibarmy Strikes Again

a reply to: CriticalStinker

I had to look him up, three minute read gives me impression this should be common sense to everyone.

I only go by math, patterns and the experience I built on this. I mostly watch order books (live), plot the trends there and revisit older curves on all time scales that can be divided by 5.

Then I run it through a self written plotter that gives me an estimate and I feedback the real life situation so it is constantly adjusting and honing in the parameters. With a a few clicks I can set up a bot that will trade and orientate itself around those parameters.

Works pretty damn well for me. Have been out of the market since end of April so the first prediction being correct gives me some confidence I am not full of #

a reply to: ThatDamnDuckAgain

Only thing about TA and other market trends is they work best in a stable market environment.

We've been in an age of volatility and more than average catalysts.

Crypto is going to be in an interesting phase for the coming months.

Countries adopting crypto as acceptable currency.
US and China regulation on crypto (the latter should be mostly priced in by now).
But the most important IMO is ETF inclusion of crypto. Those ETFs have to hold a certain amount of crypto based off of the shares they issue. ETFs are notorious for having people buy every x amount of weeks. This puts long term positive pressure on the assets inside the ETF.

a reply to: CriticalStinker

Only thing about TA and other market trends is they work best in a stable market environment.

No doubt and you have for sure more experience with markets in general. Can you define stable in this scenario?

I consider a volatile, but predictable market (may be a error in translating volatile from my side) very stable for my purposes. It's just a matter of time-resolution (I made this word up in despair) and how fast my bot can predict the lag it takes to insert an order at the right time at the right price so it will be filled and not move up/down the sell/buy order book, in extreme volatile markets where I do not manually put orders into the books.

All in all I am winging this with not much experience from stock but have been successful as of now, I had to learn some expensive lessons though, like typos or the scares I wrote about above, but all in all it works superb for me currently.

ETF is something I know about but had no interest yet. For sure it is a big sign if they include crypto into their portfolio of usable markets. Honestly I put big hopes into the whole ETH based coins like COMP that enables interest based earnings.

AMP transfer token for sending money accross blockchains is also something I like to see taking off. Amp and XLM too.

Man those coinbase tutorials washed my brain lol.

Update : Shiba Inu volume is higher than Bitcoin.

a reply to: Trueman
check your PMs, you might be interested I thought.

a reply to: ThatDamnDuckAgain

In my own opinion, with what little experience I have in traditional stocks, crypto is a new environment. Some of the old traditional still holds but we are seeing new things that have defied the norm which in my opinion makes it real hard to define stable in this environment right now. I would love to see AMP take off too but it’s dependent on adaptation and let’s face it hype!

And I made a couple of grand last night! Go SHIBarmy .

a reply to: ThatDamnDuckAgain

ETFs are funds that are available on the stock market.

They're prediversidued holdings of multiple assets.

Usually they consist of stocks, but other times can hold commodities.

The beauty is it gives access to retirement funds and people who deal exclusively in the stock market.

If the ETF holds bitcoin, they'll be required to back their shares with a holding of Bitcoin. So it will be an institutional buyer. The more popularity, the more they have to buy. ETFs are typically bought for long term holding, so it locks up those shares or assets longer than if someone bought the induvidual asset (usually).

If people include that in there retirement mix, they'll usually buy every paycheck creating positive price action.

a reply to: CriticalStinker

Yes I looked it up and translated the term, it's basically a managed, flexible investment fond (fund?) with more assets than just stock. It makes them pretty rugged against single market impacts.

If the ETF holds bitcoin, they'll be required to back their shares with a holding of Bitcoin. So it will be an institutional buyer. The more popularity, the more they have to buy. ETFs are typically bought for long term holding, so it locks up those shares or assets longer than if someone bought the induvidual asset (usually).

I see cbase offers a system like this already and will pay out interest even. I guess with them, they will take 50% (!) of the value anyways, just like they do when I want to transfer the SHIB to my bnance. Now I know why a friend of mine looked so bewildered when I told him that trading fees are low on crypto and he was like, "I have a different opinion".

Now I know why. Person is on cbase. 10% is outrageous but taking 50% for a network transfer is flat out insulting.

a reply to: DetectiveT
Yeah hype, I am not sure about SHIB .10$ even, we will see.

DODO was hyped too and although I was rocking it, it never reached the alleged 10$ but crashed when China went after crypto.

a reply to: ThatDamnDuckAgain

Nah I don’t see Shib reaching that high. This was a throw away investment for me so I’m just gonna hold until I think it has maxed. Unless it bottoms out entirely I shouldn’t even see that much of a loss

Thats the whole thing with crypto new regulations could see these plummet fast. I don’t see the China ban lasting forever. Too much money to be made. They will wait until they have their own system in place that can be tracked. I imagine other countries will follow a similar path.

a reply to: ColoradoTemplar

Yes I have 2000 tiles of land claimed.
Being active on their discord grants you huge bonuses.
You don’t even have to buy anything, just be active in their chat and you get awarded for being there.

A friend has 4000 tiles, hasn’t spent a dime.
He just was active in the discord everyday.

a reply to: ColoradoTemplar

Yes I have 2000 tiles of land claimed.
Being active on their discord grants you huge bonuses.
You don’t even have to buy anything, just be active in their chat and you get awarded for being there.

A friend has 4000 tiles, hasn’t spent a dime.
He just was active in the discord everyday.

Just wanted to say thanks!

I bought some shib on 10/23 when I saw your thread.

Doubled in value by yesterday, when I doubled down and bought twice as much worth.

Sitting pretty on nearly 30 million shibs.

Here's hoping it spikes hard, I could use the cash... trying to break ground on a house!