The Litepresence Report on Cryptocurrency

. Show me a back test homie... whatcha got?

Imagine a wavy line. Red on all dips. You do the rest.

Creating such a bot is ridiculously simple because time tested indicators are BUILT IN. If one isn't trying to prove how smart their innovative formula is, nor be married to any minimum 'acceptible ' return, but instead focuses on a fierce defense against loss of value, one inevitably ends up with a strategy that places them within ethical and profitable boundaries.

Choose your favorite technical analyst and read the definition of his trophy indicators. Then put the three letter code into this formula:

If myfavgeniusequation equals my threshold then buy and/or sell
 
nayjevin,

I'm not sure how you could be losing vast amounts of money on these bots? I, like you, turned them on at the wrong time recently thinking now was the time to use them not understanding things properly. If things drop, it bails on the buys it made so fast that you don't really lose much of anything. I'm maybe down 500 or so out of playing with a below mid-range of 5 figures.

But I'm also up because the red dragon NMC & PPC two weeks ago was kicking ass while I was sleeping. I let it buy on the way down and then I paused them sometime in the afternoon during that drop to 339 BTC. I then manually sold after the rally when China said they wouldn't "ban".

I don't think trading is for you if you can't handle even a remote amount of loss. If you knew how much BTC I've lost to Doge, Reddcoin, Vertcoin, Kittehcoin, 42coin, Globalcoin, Wolong's Pandacoin and some others it would probably make your head spin.

I've also recouped a lot of that loss with Unobtanium, Zetacoin, Blackcoin and some others. I've also had new luck dollar cost averaging Doge again as well. It's the game we play.

BTC, LTC, NMC, PPC are safer bets. If you don't like swing trading, buying anywhere between 400-600 won't matter. People that bought in these ranges will be incredibly happy looking back on things 1 year from now.

Wall Street getting involved will make China look like a toddler. Because it will cause a cascade effect on FOREX and other places around the world. When this happens, there will be new incentive for all of these new guys coming to the table to build businesses and more infrastructure around crypto to spend them.

I just don't feel the fear that some are. A price drop I view as a blessing. This is like getting in a time machine and getting in on gold when it was still $35 an ounce IMO. Or getting stock in Microsoft or Apple in the 70's.
 
Last edited:
nayjevin,

I'm not sure how you could be losing vast amounts of money on these bots?

Who said that? My only unprofitable moves have been:

-buying the bot
-cryptotrader pro subscription (valueless to me as coffescript is not capable of implementing my strategy)
-selling off coin at a loss so I could have enough USD and ltc to run the bot
-buying dragonslayer at cryptotrader for 1 month when it was version 1.0
-selling off everything at cryptsy because it sucks

Aside from that, my positions perfectly match my comfort. I have literally zero stress about Crypto. Don't pigeonhole me! Good post and advice for many though.


But I'm also up because the red dragon NMC & PPC two weeks ago was kicking ass while I was sleeping. I let it buy on the way down and then I paused them sometime in the afternoon during that drop to 339 BTC. I then manually sold after the rally when China said they wouldn't "ban".

I don't think trading is for you if you can't handle even a remote amount of loss. If you knew how much BTC I've lost to Doge, Reddcoin, Vertcoin, Kittehcoin, 42coin, Globalcoin, Wolong's Pandacoin and some others it would probably make your head spin.

I've also recouped a lot of that loss with Unobtanium, Zetacoin, Blackcoin and some others. I've also had new luck dollar cost averaging Doge again as well. It's the game we play.

BTC, LTC, NMC, PPC are safer bets. If you don't like swing trading, buying anywhere between 400-600 won't matter. People that bought in these ranges will be incredibly happy looking back on things 1 year from now.

Wall Street getting involved will make China look like a toddler. Because it will cause a cascade effect on FOREX and other places around the world. When this happens, there will be new incentive for all of these new guys coming to the table to build businesses and more infrastructure around crypto to spend them.

I just don't feel the fear that some are. A price drop I view as a blessing. This is like getting in a time machine and getting in on gold when it was still $35 an ounce IMO. Or getting stock in Microsoft or Apple in the 70's.

I think its possible that a huge percentage of coinholders are ready to unload a peak, and that adoption will be so gradual that we never see parabolic again.
 
Every man is responsible for his own trades. I can give advice but I don't push the buttons for anyone.

There's a distinction between writing a bot for someone, that is based totally on your opinion of the most valuable indicators and thresholds, and pushing the play button? I know you're not responsible for my decision to believe in you, but a pro provider is responsible to client needs. Its the wild west though right? Then you're beholden to lynch mobs! Just kidding.

I sold you some script open source a few months before it was ideal to set it loose. This is bad? Really? Apologies on the cool scripts... had you sent me an email noting that I would have sent them out lickety split.

Maybe I wasn't clear, or perhaps my instigative nature and proclivity to language that is inherently not taken lightly, resulting in undue fuming, and therefore understandable exacerbation of situational blindness on your part, but my issue was with what I believed to be a reasonable assumption on my part, based on the information you provided. The assumption that I would not have much time to buy the bot and recoup the cost before decisions became very difficult for a long term holder like myself. I don't know what I'd do if ltc was 45 tomorrow, I'd have had no idea what to do then.

If you can't afford $18/mo for basic+ at crypto trader you shouldn't be trading.

Why would I get a basic+ account. I'm about to get 10x ltc in 30 days. Plus a bunch of other cool scripts.

You don't see any perks to keeping simulations run at cryptotrader or running any of the multitude of great open source available to you there?

Not to my strategy. AI'm not trying to predict the future. Not my style. I was willing to bet on someone good at it though. Now the subscription is useless, because I don't plan to use your bots, and coffescript is crippled.

Regarding 0420... You inquired PERSONALLY to me on 3/19... my reply to you was:

You're right, I knew you thought (or at least had told me - remember when I was insane and thought you might be fraudulent like a possible majority of the trollbox that appears to be your 1st/2nd home?) That 420 wasn't happening. But based on the information you gave in this thread, readers here did not know that. Maybe I misread or misunderstood.... In fact surely I did - I don't think you have a particular strength in keeping a running tally of how much information each of your audiences are privy to. If you weren't working so many audiences, through so many avenues of communication, I would be tempted to encourage you to investigate whether it might be a weakness that could be improved upon.

Push play... let us all know how it worked out for you in a few months.

Yes! That's how it feels.

Homie straight up sorry about that. My bad. Until just now I had no idea. I'm a busy man... you got lossed in the shuffle. Lets resolve.

Whoa! Owning mistakes enhances credibility, to me. In fact, your overall ability to, say, not freak out in the wake of such as we've seen, is AMAZING. Remember when I was insane? Sociopaths are good at that.

Option A) Give me your word you won't ever run my dragon slayer A script. I'll send 1/2 of your discounted "RPF moderator" special .75 BTC back, just post an address. You learned a bit about bot code. I dealt with an unnecessary hassle. We call it good.

Let's put aside who is right for the moment, and please allow me to be sure you haven't overlooked the fact that I believe you are the primary cause of the unnecessary hassle. Now let's negotiate. What I truly believe to be fair is a full refund of the .75, plus 1 month of cryptotrader at $18, plus .75 * ((your ROI + my ROI)/2).

Option B) I'll send you Part B, the missing free gift package, and a copy of my yet incomplete **SPANK** bot to say I'm sorry.. truly had no clue you never got those scripts. IIRC I gave you "Dragon Slayer A" on your simple request before I even got any payment from you because I thought so highly of u as a moderator here at RPF. Not giving you part B after payment was an error in book keeping. You should have spoken up sooner about it.

True, I should have. But even when I believed people were going to make money from your bots, I had given up on the possibility that I would, because I can't seem to understand the way you explain things. And I don't have Skype/hushmail and all this other crap, and I would feel terrible taking the time necessary from you to explain to me what you mean. And it didn't seem like you would ever answer question in this thread clearly, it seems so cryptic. So I didn't need anything else.

By the way, thinking highly of me is the surest way to destroy your credibility in my eyes.

Just let me know what you want, it will happen top of the morning tomorrow.

Remember when I was suffering from a temporary state of believing this is how fast you would like me to shut up about the sketchiness? Now that I've recovered, shutting up for half price still doesn't seem like quite the fairest deal.

Were you not here when I said I drove 3 days to flordia and 3 days back to take my 5 year old to see his grandma that he hadn't seen since he was 2?

Yes. I can only attribute my crazed assumption that this was a ghemmy style sympathy slide to my experience with humans. I'll try to fix that.

maybe you just need a hug?

A hell of a lot more than I need 7.63 inches, BigPoppa

I don't talk to you for a few weeks and I'm a failure? Whut?

Has nothing to do with me. In my blind rage I had thought you were making excuses for not keeping in touch with your clients instead of taking responsibility. In retrospect, as I consider whether to do the dishes today, it may have been an element of projection.

Did you forget this is RPF and you're a moderator? There are Terms of Service here.

Sorry, usually I'm above such clinical diagnosis, penisbreath.

Paladin69 is my sockpuppet? I really want to smoke some of that.

Remember when I was indistinguishable from a labotomized infirmary inhabitant? It wasn't because I was smoking something! I've a heap of sobriety to brag about if I gave a shit. It also wasn't because I don't understand the odds a scammer would use sock puppets.

having bought into crypto initially w/ $400 last april... not much chance there's room in my murder budget for you. wtf?

I didn't say there was much chance, I said some chance, unknown. Surely you recognize exposing sociopathic scammers who use anonymous identities and probably are aware of silk road alternatives would carry risks?

Show me a back test homie... whatcha got?

I am serious, I have a bot that backtests beautifully. I'm on my phone ( wow this has been frustrating! But I didn't want folks to wait to hear my concerns, and I didnt want you, whom I know understand to be pure of heart, to wait too long for a correction.). So it was worth it?
 
Last edited:
I personally never though that it made a hell of a lot of sense to try to time this market using a bunch of charts and whatnot, but getting pissed off and claiming fraud just because you apparently bought into the whole idea seems incredibly childish to me...
 
image may extend off edge of screen:


CpKZP48.png

So you're bearish now? That's cool, I thought something wasn't right with this market. It's not ready just yet.
 
I gotta say I'm feeling pretty psyched after timing that last spike almost perfectly. No sooner had I bought in than it began to go vertical and I had my sell order right at the top. Honestly, if I make one trade like that each week, I'd be good.
 
I gotta say I'm feeling pretty psyched after timing that last spike almost perfectly. No sooner had I bought in than it began to go vertical and I had my sell order right at the top. Honestly, if I make one trade like that each week, I'd be good.

I didn't play it as well this time because I've been messing around with other things. Is recent info helping in any way? Check hush.
 
Who said that? My only unprofitable moves have been:

-buying the bot
-cryptotrader pro subscription (valueless to me as coffescript is not capable of implementing my strategy)
-selling off coin at a loss so I could have enough USD and ltc to run the bot
-buying dragonslayer at cryptotrader for 1 month when it was version 1.0
-selling off everything at cryptsy because it sucks

Aside from that, my positions perfectly match my comfort. I have literally zero stress about Crypto. Don't pigeonhole me! Good post and advice for many though.

The way you've been ranting and raving I assumed you lost a lot of money. And it didn't make much sense to me because I'm not as it relates to bots here.

The definition of trolling as defined by most forums is to "try and provoke a negative response". I don't appreciate being considered anyone's sock puppet.

I think its possible that a huge percentage of coinholders are ready to unload a peak, and that adoption will be so gradual that we never see parabolic again.

That's possible. Who knows? It's a free market and entirely dependent on where free people want to take this. If they sell, others that believe in crypto will decide whether they want to scoop cheaper coins or not.

https://twitter.com/barrysilbert/status/454391450353295360
Big milestone today for Bitcoin Investment Trust — now holds over 100,000 bitcoin http://t.co/nBzlaGupy4 cc @BitcoinTrust
— Barry Silbert (@barrysilbert) April 10, 2014

 
dKVaz6k.png

(results would vary greatly depending upon user customization)

# This automated trading bot is designed to buy dips. It begins buying on a downward trend.
# By default it buys tiny portions until a threshold you determine, then begins buying larger
# chunks as the price continues downward, however, with customization you can determine how much
# it will buy, and how far down a dip to start buying.
# By itself the bot will ultimately get you a better price for your coin than if you put all
# your money in right now. This assuming the price does not go up from here forever.
# The bot is also capable of placing limit orders based upon the price it bought.
# For instance, with a bit of customization, you can tell the bot to sell whatever coin it buys
# at double the amount it bought it for. Or you can tell it to sell 50% of your coin when it
# doubles, and the other 50% when it triples. Or you can tell it to sell 10% when it goes up
# 10%, 20% when it goes up 30%, and hold the rest.
# Alternately, you can just let it buy for you and hold for the longterm, or you can manually
# log in periodically to see if the current market price allows you to unload any of your
# bot purchased coins for a profit.
# The bot randomizes your order prices and amounts enough that multiple users of the bot do not
# overlap. It is immune to attackers, it will not respond to attempts to 'trick' it into buying,
# and studying the orderbooks to determine a way to exploit use of the bot is fruitless.
# This bot is for those who believe the long term value of Bitcoin will continually rise, and who
# wish to get coin at a better value than they could manually.
# It also allows for automated selloff at a predetermined margin.
# If all traders used this bot, ultimately the price would stabilize.
# The more people who use this bot, the lower Bitcoin dips will go.
# The more people who use this bot, the greater confidence in Bitcoin will be.

Yes, a trader should sell on the way down and buy on the way up. Consider the implications of a reverse momentum strategy.
 
Last edited:
I think a lot of people have done fairly well over the last couple of weeks bag transferring away from whales. I'm seeing whale bull trap attempts now but the masses don't look like they are having any part of it. The green candles are trying but they bail. I personally think we'll be back in the 11 range soon.

Also, those rumors of Coinbase adding Litecoin won't die. So we may have another buy the rumor sell the news scenario on our hands similar to Huobi if that materializes more.

I think we're all better prepared now on what to do. With each new mini-rally I feel I'm becoming a better trader. I am getting a better feel for when I should turn on red dragon buying. I then prefer to manually sell it off myself.

Finding the absolute bottom is impossible. Just scoop low and don't panic if you miss a mini-rally. If a train takes off we'll probably know about it based on news. I wouldn't expect any November-style trains for a few more months yet.
 
Last edited:
Paladin69 said:
The definition of trolling as defined by most forums is to "try and provoke a negative response".

I was trying to encourage a positive response. Admittedly my best attempts amount to 'preachy douche'.

Who knows?

http://www.automaticfinances.com/monkey-stock-picking/

The Wall Street Journal’s Dartboard Contest

In his popular personal finance book arguing that investors can’t consistently beat the market (A Random Walk Down Wall Street), economist Burton Malkiel says that “a blindfolded monkey throwing darts at a newspaper’s financial pages could select a portfolio that would do just as well as one carefully selected by experts.”

Sounds like a challenge.

So, in 1988, the Wall Street Journal decided to see if Malkiel’s theory would hold up, and created the Dartboard Contest.

How it worked: Wall Street Journal staffers, acting as the monkeys, threw darts at a stock table, while investment experts picked their own stocks. After six months, they compared the results of the two methods. The WSJ even solicited stock picks from some of its readers, and compared them, too.

After 100 contests, the results were in. From Investor Home’s great description of the contest:

On October 7, 1998 the Journal presented the results of the 100th dartboard contest. So who won the most contests and by how much? The pros won 61 of the 100 contests versus the darts. That’s better than the 50% that would be expected in an efficient market. On the other hand, the pros losing 39% of the time to a bunch of darts certainly could be viewed as somewhat of an embarrassment for the pros. Additionally, the performance of the pros versus the Dow Jones Industrial Average was less impressive. The pros barely edged the DJIA by a margin of 51 to 49 contests. In other words, simply investing passively in the Dow, an investor would have beaten the picks of the pros in roughly half the contests (that is, without even considering transactions costs or taxes for taxable investors).

The pro’s picks look more impressive when the actual returns of their stocks are compared with the dartboard and DJIA returns. The pros average gain was 10.8% versus 4.5% for the darts and 6.8% for the DJIA.

http://www.businessinsider.com/cat-beats-professional-stock-traders-2013-1

[Professional wealth managers have long been criticized for charging more than their services are actually worth.
But getting routed by an animal that spends 20 hours a day either asleep or scratching itself is a new low.
In a recent stock-picking challenge, the UK Observer pitted a trio of investment managers against two groups of amateurs: a handful of high school students, and a house cat named Orlando.
The cat won.
 
So my one-month subscription ended today, and I'm down slightly. Plus out the cost of CryptoTrader and the $100 for the bot for the month.

Question: should I continue the subscription? Or should I wait for a bit before starting it back up again?
 
http://www.cryptocoinsnews.com/news/longterm-technical-analysis-bitcoin-price/2014/04/20


A likely target for the ongoing decline is shown at the orange dot near $260 where a long-term rising trendline crosses the path of price action. The point also represents the natural conclusion of the current decline in five waves and is a likely reversal point that should be achieved in mid-May.
The red point, at label ‘II’ on the support floor, could be the ultimate destination of the current downtrend. Given the slow but steady decline to lower lows during the past four months, a market bottom at $140 cannot be ruled out.

BTCUSD_Daily_19Apr14_1650.png


Gold_Selection_19Apr14_1723001.png


CpKZP48.png
 
Back
Top