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Consolidated Crypto Traders/Chat Thread

Discussion in 'Blockchain & Cryptocurrency Mining' started by Optimus., Dec 15, 2017.

  1. Agg

    Agg Lord of the Pings

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    Coinbase app seems confused this morning, showing incorrect balance. Individual wallets show proper balance but the combined total is off by about 25% for me - not the value of any one wallet or anything simple like that. Balance is correct on the website tho. Gave me a bit of a minor heart attack..
     
    Slug69 likes this.
  2. Shags

    Shags Member

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    I experienced exactly the same thing with Coinspot recently, Initial opening Balance was $1926 on May 12, for the last couple of days it showed my initial balance was $1725, now it's back at the correct amount, it was bizarre.
     
  3. Arctic_Silver08

    Arctic_Silver08 Member

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    Heaps of new alts going to the moon at the moment, Ontology Gas up 280%...
     
  4. OP
    OP
    Optimus.

    Optimus. Member

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    Just be sure to learn the lesson from this week and exercise proper risk management when playing with shitcoins. Because playing there certainly doesn't show proper judgment!
     
    whatdoesthisdo likes this.
  5. jpw007

    jpw007 Member

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    Time to liquidate!
     
  6. Slug69

    Slug69 Member

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    The fact that there are alt coins going bonkers makes me think the recent dip is big player manipulating because to have a rebound and belief in those niche ones so early on tells me a lot of smaller peeps didn't really lose out and are still willing to play.
     
    r3s likes this.
  7. whatdoesthisdo

    whatdoesthisdo Member

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    I agree with the first sentence but I wouldn't necessarily say it "doesn't show proper judgement".

    If you have made a shit tonne of money, whats a few grand on some shit coins? Just have to keep in mind that you are gambling and it should be treated as such. I gamble on shit coins for pure entertainment now, why not? I'd rather gamble on shit coins than at a casino. The odds here are much better.

    I am a firm believer that it was manipulation, probably by one of the big banks like JP morgan. They have so much buying power and have unique strategies to be able to crash and then buy at a lower price. They have been doing it gold forever.
     
    r3s likes this.
  8. dakiller

    dakiller (Oscillating & Impeding)

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    There are a lot of traders who are highly leveraged in this space as well. Doesn't' take that much action to cause a few margin calls and then you have cascading calls after that, all the way to the bottom. Just need a catalyst like Elon or China banning it again to start it all going.
     
  9. Arctic_Silver08

    Arctic_Silver08 Member

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    Sale orders triggered by dumps causing a domino effect? Which would in part explain the exchanges crashing and how it all happened so quickly.
     
  10. 151528

    151528 Member

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    Has anyone else had trouble with ID verification on swyftx? Specifically minimum character limits for name fields?
     
  11. whatdoesthisdo

    whatdoesthisdo Member

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    Sure and my comment above is pure speculation however I believe it was manipulation based off the following:-
    1. They count on those highly leveraged traders being liquidated, it helps crash the market, which creates that cascading affect.
    2. They wait for, or in some cases fabricate, an event then apply their successful strategies.
    3. China "banning crypto" is just a non-story IMO, they already did it in 2013 and 2017 and it had nowhere near this affect. It just doesn't make sense that the news would affect the price to that degree especially when we know that china has failed every time it tries to ban crypto.
    4. They have a history of this sort of conduct. JP morgan was fined 1 BILLION late last year for gold manipulation. Goldman Sachs was caught but got away with massive alloy manipulation from 2011-2013 and we know that there has been increased interest by these firms in crypto assests. They want to buy at bargain prices, they have the skill set and the huge capital to do so.
    5. There was huge spike in OTC trades on that day.
    Happy to be wrong though, I most probably am, but it just makes more sense to me.
     
  12. illdrift

    illdrift Member

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    There was a comment going around that certain parties had a target to liquidate Justin Sun, probably with the aid of the recent news and market conditions

    https://www.reddit.com/r/ethfinance/comments/ngfnyi/apparently_this_was_all_planned/
     
  13. douver

    douver Member

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    In all fairness, leading up to the drop everyone was fomoing into any coin for no other reason then they had a doge or elon related name. So it's quite possible the market had gotten a little over excited.
     
  14. Slug69

    Slug69 Member

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    Dude, your name is a number...

    I never had a problem.
     
  15. i_trin

    i_trin Member

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    How can you leverage yourself into crypto?
     
  16. 151528

    151528 Member

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    Heh, not trying to use a number, but they have a minimum character limit which means I can't actually use what is on my ID
     
  17. rockofclay

    rockofclay Member

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    Yep. It was easy to verify to put money in, took weeks to verify for crypto out. Binance and BTC markets were much easier
     
    151528 likes this.
  18. RogerWiIco

    RogerWiIco Member

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    My verification callback was scheduled for 6 weeks from the time I registered and verified my ID, so I could trade but not withdraw. Some badgering them on the chat and a guy rang me next day to verify and give withdraw functionality
     
    151528 likes this.
  19. Mac-Pro

    Mac-Pro Member

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    [​IMG]

    Hilarious
     
  20. dirkmirk

    dirkmirk Member

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    Yes it is hilarious that we're making that man the richest on earth.

    He took a narrative and convinced the world this was new money, f##king genius.

    Can you believe dogecoin is the no.3 crypto ...it's literally.

    1. Bitcoin
    2. Etheruem
    3. Dogecoin

    In times gone past it would be litecoin.

    Amazing if you really think about it, dogecoin ripped off litecoin and twigged a couple of variables.

    Litecoin has 7,200 daily supply x $140 = bout a million bucks.

    Dogecoin is basically 13.7 million x .40 cents = 5.5million.

    Next litecoin halving is 2 years away which brings it down to 3,600 coins a day.

    To sustain $140 litecoin at next halving you need $500,000 of buying power.

    Dogecoin will need to mantain a figure 10 times that.

    I know where I'd put my money NOW( congrats to dogecoin millionaires, I applaud you).
     

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