The Litepresence Report on Cryptocurrency

I just wanted to bounce this off of you guys and see what you think. I have been involved mining LTC and BTC since early 2013, so I held most of my coin through the rise and fall only selling off a few BTC to cover my mining costs at about $1100 in NOV 2013.

I have not had very much success market timing trading, even with this thread to lean on. I only understand 1/2 of what you guys are talking about anyways so I figure its best to stick to what I know and thats mining.

SO I have been mining LTC pretty much non-stop since then using a dollar cost averaging method of trading about 50% of my LTC immediately for BTC and holding the rest as LTC.

For the last week I have been slowly converting all of my LTC to BTC. For example I sold 10% at .015, .018, .024, and .028. I currently have sell orders in for .034 and .038.

I will likely hold my BTC for the long haul, at least until they are worth either a few grand a piece or zero before I sell again.

I kinda just wanted to see if anyone had any advice to add to my conservative methods.
 
XTreat said:
I will likely hold my BTC for the long haul, at least until they are worth either a few grand a piece or zero before I sell again.

I kinda just wanted to see if anyone had any advice to add to my conservative methods.
Click to expand...

This is what Honeybadger is built for; conservative wealth management.

It trades on average every 12 days; but sometimes much longer or shorter.

Its been holding since May 1 @ $235.

Market
Freeware 80X BTC
The Honey Badger Support Thread
ROI Actual


Code: 
[2015-07-09 21:00:00] start date: 2014-12-10 05:00:00
[2015-07-09 21:00:00] start BTC value: 1.00
[2015-07-09 21:00:00] start USD value: 346.00
[2015-07-09 21:00:00] end BTC value: 1.63
[2015-07-09 21:00:00] end USD value: 430.96
[2015-07-09 21:00:00] trades 16
[2015-07-09 21:00:00] days 212.00
[2015-07-09 21:00:00] frequency 13.25 days/trade
[2015-07-09 21:00:00] ROI_assets 1.63X
[2015-07-09 21:00:00] ROI_currency 1.25X
[2015-07-09 21:00:00] ROI_BNH 0.77X
[2015-07-09 21:00:00] ELAPSED TIME: 28.7 sec
[2015-07-09 21:00:00] MAX DD......: -23.67 pct
[2015-07-09 21:00:00] MAX BNH DD..: -50.06 pct
[2015-07-09 21:00:00] >> [B]Starting portfolio:[/B]
[2015-07-09 21:00:00] >> [1.00 BTC]
[2015-07-09 21:00:00] >> [B]Closing portfolio:[/B]
[2015-07-09 21:00:00] >> [6.9E-7 USD, 1.62754628 BTC]
[2015-07-09 21:00:00] >> [B]Profit:[/B] 84.96449036 USD (estimated)
 
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I'm back in BTC; all alt bets are closed and I'm under long term honey badger management again.
 
amonasro said:
Watching the candle and volume relationship on LTC/USD 6h/12h/daily... price is meeting major selling (not getting very far) on higher volume. This would indicate an excess of selling entering the market putting us into a possible distribution range. Too early to take a short position yet, but watching closely.
Click to expand...

I took a short position at 7.73 before it went up to 8.9x with the intention of holding it until there was some kind of correction. Allow me to present my chart explaining this, perhaps risky, move.

PrhcSOoB


As it turns out, I was right on the money. Still holding short and I am SO FREAKING PUMPED!!!

As we can see, the volume/price relationship exhibited on the 4h chart was not so apparent on other time frames, but there is a very clear inverse correlation of steadily rising prices + steadily declining volume, indicating that buyers were drying up. I did not want to wait until a technical breakdown because I knew it could happen very fast and there would be lots of slippage on the order books, i.e. nearly impossible to make a reactionary trade, so I took an anticipatory one instead.

It is important to note that this relationship can be tricky sometimes, but this was a classic example of inverse volume/price correlation hiding in the fray of mass bullish hysteria. As pres pointed out, the time frames between each pump had been getting less and less, so there had to be a correction soon and, well, here we are. Congrats to anyone who noticed this.
 
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In other news, I am surprised to see that BTC was able to push through resistance successfully. I did not expect that, but I am happy to see it since it indicates that we may see a major BTC run once it cracks $300 again. This makes for a good, reliable long right after my nerve-wracking short on LTC.
 
What a crazy night. Two major things...

1. Chinese mafia LTC "ponzi scheme" pump group news is coming out tomorrow.

2. OKCoin just rekt the fuck out of everyone that plays futures contracts by going down the moment LTC was dumped. The socialized losses are going to be massive.

I'm not sure how the markets will react tomorrow to this news. The spread between China and the US price is growing. The moment LTC dumped BTC mooned. China is dominating bitcoin.

I kinda want to buy some namecoin.
 
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Look for LTC in the mid to high 3's in the next hour.

Flash crash.

$3.60?

working on an interpolation

brb
 
Fontas, at Tradeview said $21 would be the top. Any truth?

I need to stop listening to others and read the charts...
 
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