The Litepresence Report on Cryptocurrency
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cindyEvans
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- Dec 19, 2013
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BTC Price per LTC now is 0.01592. Current exchange rate per LTC = 29.20 USD. Hope the surge will remain relatively stable....
lotsOfCake
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- Jan 1, 2014
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I don't know if you guys are awake but... At reading d. pate . saying he's all in on Ltc, and right now seeing a "cup and handle" on ltc/usd, I'm quite bullish. I'm worried it might become another red dragon...
presence
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- Dec 20, 2011
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TRIPLE YOUR LITECOIN IN 60 DAYS
with love,
litepresence
https://cryptotrader.org/backtests/9uxbS3qPTs5n7k797
UPDATE:
RE: 3X LTC in 60 days
be warned... when the bot begins it MAY make very poor trades until it builds moving averages....
It does not "look back in time" to build MA's to it has to initialize.
I have had a number of complaints and I'm sorry. I lost $ on initialization myself until I understood what was happening.
Trade w/ small $$$ (10 LTC) until the bot is humming along. You can keep your funds "on the books" manually to prevent the bot from accessing funds; ie "Buy LTC $1"
ALSO... be warned. I am new to bot building, I am very good at creating "decision points" but my coding skills are pretty noob... so beta and backtest everything yourself
AND ALWAYS INITIALIZE ANY BOT ON SMALL $
UPDATE 2: MARCH 22 2014
DON'T drop "bank" on it. The bot works on market orders and will cause massive wake if you drop $100,000 on the books at once as a market order.
it is also not a very good "bear market bot" The backtest data at the time only allowed me to test to Nov1-Jan1.
I still suspect in a bull market you could 3X LTC with $1000 of initial holdings with this bot, however In the Jan1 to March 22 bear market the bot gains 18% LTC but looses 18% CASH
https://cryptotrader.org/backtests/Z2n6DKaLTCGw7ok58
I've learned much about bot programming and have much better script out now, check out:
DRAGON SLAYER
with love,
litepresence
https://cryptotrader.org/backtests/9uxbS3qPTs5n7k797
UPDATE:
RE: 3X LTC in 60 days
be warned... when the bot begins it MAY make very poor trades until it builds moving averages....
It does not "look back in time" to build MA's to it has to initialize.
I have had a number of complaints and I'm sorry. I lost $ on initialization myself until I understood what was happening.
Trade w/ small $$$ (10 LTC) until the bot is humming along. You can keep your funds "on the books" manually to prevent the bot from accessing funds; ie "Buy LTC $1"
ALSO... be warned. I am new to bot building, I am very good at creating "decision points" but my coding skills are pretty noob... so beta and backtest everything yourself
AND ALWAYS INITIALIZE ANY BOT ON SMALL $
UPDATE 2: MARCH 22 2014
DON'T drop "bank" on it. The bot works on market orders and will cause massive wake if you drop $100,000 on the books at once as a market order.
it is also not a very good "bear market bot" The backtest data at the time only allowed me to test to Nov1-Jan1.
I still suspect in a bull market you could 3X LTC with $1000 of initial holdings with this bot, however In the Jan1 to March 22 bear market the bot gains 18% LTC but looses 18% CASH
https://cryptotrader.org/backtests/Z2n6DKaLTCGw7ok58
I've learned much about bot programming and have much better script out now, check out:
DRAGON SLAYER
Last edited:
lotsOfCake
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- Jan 1, 2014
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- 87
According to that last reply, we should have sold Ltc 6.5 hours ago.
PaulConventionWV
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- Apr 26, 2011
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- 16,041
I'm not one to gripe about the quality of a service offered for free, but I really enjoy presence's input, and I feel somewhat starved of it now. Just something to consider. I hope you find the time to post more often, presence.
PaulConventionWV
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- Apr 26, 2011
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- 16,041
I'm actually really concerned about this. Does anyone have any advice for making transactions over $10,000? I figure the IRS will know about it one way or another, but I'm trying to figure out how to deal with that. Anyone who is savvy on tax law, what are your plans for dealing with Coinbase in large amounts? When/how does the IRS go after you, and how much will they ask for? Also, do they check out your whole history while they're at it?
PaulConventionWV
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- Apr 26, 2011
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- 16,041
By the way, just FYI: Trying to deliberately avoid depositing over $10k in order to avoid IRS notification is also a tax crime for which you can be put in jail, and it's called "structuring." That said, the way in which this is applied is very arbitrary, but it usually requires a pretty long period of this type of behavior. The goal is to catch ritch people trying to fly under the radar who simply can't help dealing in large quantities of cash at one time. It's a problem you think you'd like to have, but at least you know you're at less of a risk of being caught for doing it if you're not rich.
XTreat
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- May 1, 2011
- Messages
- 1,391
I wish I could say I understand this but I don't. I am still in cash waiting to buy back BTC.
Well, I sold LTC at 31 dollars but bought NMC at 8.1 for all of it instead...
dear me
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