The Litepresence Report on Cryptocurrency

[presence]

Thanks for these links mate. I appreciate it. If you have anything at Gox, pls try get it out ASAP. not looking good mate.I think they're packing up shop. The owner hasn't been seen there for over a week now and I'm contacting a friend in Customs to see if his Maserati has been shipped out of there. I'll keep you posted.Cheers

..

 

[presence]

 

[KCIndy]

GET YOUR FUNDS THE FUCK OUT OF MT GOX NOW!!!!!!!!!!!!

litepresence​

JUST RECIEVED EMAIL FROM VERY TRUSTED FRIEND W/ INSIDE INFO

lol - I could never figure out an easy way to get funds INTO Mt. Gox. By the time they finally started to make it easy, much better exchanges had opened for business.

 

[presence]

Hi litepresence,

What percentage of your holding are you putting on this bot?
Do you recommend running this with some offset, especially since you've already got $250k combined on this?
How does this bot deal with placing and cancelling orders if they aren't taken?
How would you rate this bot compared to your past/present bots?
Do you have any other bots you are running that is doing well?

My experience is very limited and even tuning is a bit of a challenge for me since I'm not a market analyst and rarely get time to spend on this. I'd be happy to pay the 20% on profits, but I'll be careful with how much I give the bot to trade with.

Hope to hear from you!

Thanks

RED DRAGON is an a 15m adaptation of

https://cryptotrader.org/topics/494491/litepresence-1m-long-wave-ema-cross-w-bid-size

tuned to "red dragon" phase of June 2013:

http://i41.tinypic.com/30sk2z6.png



I'm all in on RED DRAGON. 100% fiat with the bot running my decisions overnight. I watch charts by day with the bot live.


The bot mostly does NOTHING,

RUNNING THIS BOT YOU ARE MAKING THE ASSUMPTION THAT THE MARKET WILL FALL.

It holds fiat holds fiat holds fiat holds fiat....

unless of course a BIG dip occurs...


In which case it starts to spend 25% of your remaining balance on every 15 minutes until you're bought in; just like my open source 1m long wave.


Everything is adjustable and intuitive:


Here is the User CP:

#>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
# RED DRAGON - USER CONTROL PANEL
#>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
init: (context)->
context.BUY = -0.125 # % below long to buy
context.SELL = 0.02 # % above long to sell
context.SELL_min = 1 # if less than this many BTC sell all
context.BUYp = 0.25 # % of fiat to spend each tick
context.SELLp = 0.25 # % of crypto to dump each tick
context.BUYt = 870 # seconds of timeout on buy orders
context.SELLt = 870 # seconds of timeout on sell orders
context.EMAs = 5 # short EMA
context.EMAl = 240 # long EMA
context.bottom = 0.89 # depth of bottom for limit buy orders
#>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>


You could hedge losses by running multiple instances of the bot. Lets say you wanted to run three instances:

A)
context.BUY = -0.125 # % below long to buy
context.SELL = 0.02 # % above long to sell
B)
context.BUY = -0.12 # % below long to buy
context.SELL = 0.0175 # % above long to sell
C)
context.BUY = -0.115 # % below long to buy
context.SELL = 0.015 # % above long to sell


And reduce the



context.BUYp = 0.25 # % of fiat to spend each tick
context.SELLp = 0.25 # % of crypto to dump each tick


of each to

context.BUYp = 0.0833 # % of fiat to spend each tick
context.SELLp = 0.0833 # % of crypto to dump each tick



so each instance could only spend 1/3 of what the original bot could spend per tick.


Of course all of this is infinately tunable... but when dealing w/ a larger bank you want to take time to consider your actions and market impact wisely.

Each bot could then be offset from each other; A)1 minute B)6 minutes C)11 minutes ; for example using CT.org's offset feature.

Now assuming you gave all three bots 100k usd total to spend no one bot would have the power to place a very big bid at all and you would be "sponging" the bottom quite effectively rather than placing a lump sum bid on the books.

The largest bid the bots would place at any one time given the "retune" mentioned above w/ 3 instances would be $8300 every 5 minutes.


I hope all of this makes sense. I built this bot with the shortcomings of the 3X LTC bot in mind regarding its tendency to drown larger banks in its own wake.


The bot keeps all orders on the books for 870 seconds (14:30 of a 15m candle) before canceling and reordering. It will never spend more than 0.25 of your remaining bank in one candle as factory tuned.


I would rate this bot "well thought out" relative to my 3X LTC release... which really was just a "promo" to get people excited about bot trading at CT.org. Most of my other work... and the work of most open source at CT.org has been focused on bots that work in ALL circumstances. The critical flaw in this theory is that we are only given 250 tick of data to work with at CT.org and its difficult to code a bot which senses long movements, yet makes accurate trades in a short sense. The "red dragon" phase of the bubble; June 2013 has consistently proven most difficult. So, I designed this bot specifically for a "final bounce" scenario... which every other BTC bubble has taken:

http://i60.tinypic.com/35aqjq0.png
http://i59.tinypic.com/23kdav9.png


contact me if you have any problems.




best of luck,


presence

 

[PaulConventionWV]

..

Pres, what effect do you think this will have on the price?

 

[presence]

GOX:

litepresence: paulgr whats the word on mtgox? are coins safe there?



magnusson: guys why the fuck aren't my coins coming to my account from MTgox



MakeitRain25: Ошибка: IP не совпадают
minertom: This is the END, hold your breath and count to ten
bain: lol gox
1cryptoamin: time to sell sell sell
drwoo: litepresence, NO they are not!!!!
smike: Your coins were frozen on MTgox by DOJ.
Denzilla: magnusson, because computer systems react badly to profanity?
JLoren: looks like gox is running with the money
f78ds9: moonfall, starring daniel craig
Infinitas: FsTExV, make sure you confirm it in ur email set up with btce
paulgr: alex8170, Normally the owner is there always. It's almost like a ghost town there as I have friends in Shibuya always walking past and having a look, almost no staff, the owners Maserati hasn't been seen for over a week. I say they are jumping ship
haytrader: are BTC withdrawals working?
paulgr: MakeitRain25, Eglish please
jaylaj: If gox falls or dies, would btc-e price go up or drop too
drwoo: litepresence, you can't get coins OR usd out of gox atm. as of 24 hours ago there was 38 million (41k btc) coins missing that were attempted to be withdrawln. Gox said they are looking in to it
djthistle01: MT Gox leading the way down. going to 900 there, then we'll see.
sinx13: litepresence, if mtgox fails your charts will become a self fullfield prophecy... i suggest you tune then even a bit more down
Surn: lucas22, interesting... I have to ask.. is that CRYPT exchange legit... I have a little holding over there but I tried a test transfer of LTC to this exchange and it has been 3 days... nothing.
CrashX: magnusson, MT.Gox doesnt have ny coins left or FIAT. Your are officialy F***ed by GOX ... http://www.coindesk.com/poll-mt-gox-withdrawal-issues/
jungle_dave: MakeitRain25, IP error, mismatched or different ip addresss
caliente: LTC back to $1.70 when I bought it
paulgr: litepresence, In order to get out, as we know buy btc, cut losses and transfer them to btc-e to be safe
toretto: goxxed

smike: MTgox all done! Withdrawals shutdown and locked by DOJ.

kashacharya: drwoo, the BTC's can be found in the owners trunk!
Dirk83: drwoo: 8 out of 9 withdrawals stuck since couple of days. Nothing has been refunded to my account.
magnusson: CrashX, Wtf? what sort of shit are they pulling off for fuck sake?
alex8170: paulgr, and gox has 1/3 go Btc market, thats really bad
minertom: caliente, don't worry, I will buy yours at 1,85$
bobby88: Mt gox sucks
ShinigamiBanker: BTC to $10,ooo derp derpo
JLoren: it wont mqke much difference to actual btc consumer price. coinbase has them tuned out
Joltflame: If mtgox falls, how will that have an impact on btc price.
smike: BTC tanking because of MTgox.
jaylaj: if mtgox falls, god help us alls...
ToastyX: if mtgox falls, that will be the third bubble gox has crashed
Dirk83: paulgr: are withdrawals still working for you?
supercellkid: Jesus Jones, I knew this would happen, Whats the hells is happening to LTC, first the flat line, now the sell off. I mean I dont mind the sell off as I am half in $ and half in coin, but why is happening this time?
incredimike: if mtgox falls the market is fucked for a "while"
paulgr: Dirk83, Mate, I have a whole lot more to lose and my bot is buying up as many coins over then next couple days. Now I can't get the coins out to bring them here
djthistle01: Joltflame, Gox sets the tone most of the time.
paulgr: incredimike, Language please mate.
jungle_dave: supercellkid, last time these indicators happened, we went up X10...
lucas22: Surn, on wich exchage you are trading u coin? there was only one exchange, which was hacked yesterday. on 07.02. ot will be traded on crypto trade
adriaanb: gox is dead for months...
Nioc: F'in ltc, held for as long as I could but had to pull the plug... :/
Surn: I see no news that says GOX shutdown
Ascensionic: lost 400$
suslika11: supercellkid, smdy decided not to take a risk of further fall
CrashX: magnusson, Did you read the article, Users are waiting for 3week or mounths to take out FIAT or BTC out. Thats to me shows that they have to use the FIAT or BTC from new users that are Depositing
Dirk83: paulgr: ok, same boat then, 1/3 of my capital is there
Danny0401: Ascensionic, on what?
miicoins: some are worried the other exchange that your talking about has become insolvent
djthistle01: all coins under support, of cousre pupms along the way, but this is going down for a wee bit for sure. NMC 5.2 pivot is wiped out.
smike: I went all fiat a couple days ago. Saw this coming.
Letni1979: so whats up with Gox.. Is there an article about it going down?
ShinigamiBanker: crypto crash in 4 mins
GrapeApe: I don't know what MtGox you guys are talking about. They seem to have plenty of volume.
FsTExV: who is going to buy maxcoins?
adriaanb: lot of FUD again
Ascensionic: Danny0401, everything btc ltc xpm.. in total 400$ i lost
supercellkid: suslika11 yeah thats why I dont really mind the sell off, I mean ill get to buy in cheap at the bottom, but why? whgat is it this time?
paulgr: djthistle01, Gox sets nothing anymore except fake prices. haven't you noticed the price being in the 900's in the past 2 weeks? people are forced to buy at inflated prices to get out, then they can't withdraw btc.
jaylaj: Word on the street, and by street I mean box, is mtgox will disappear completely from this world, taking its customers' money with it
Danny0401: Ascensionic, prices will be back up some day
miseiler: I don't understand why people are selling at gox if they can only withdraw btc
JLoren: if gox users were trying to leave today heir btc price would be 1200
miicoins: Google the word insolvent
Surn: lucas22, craptsy
ShinigamiBanker: FsTExV, I'll probably buy 800,000 maxcoins today
Joltflame: djthistle01, what does that mean
alex8170: Gox withdrawals frozen for one wk, $38 mil disappear into thin air, gox head quarters looks like ghost town this
paulgr: JLoren, exactly. They have played the magic card trick there for too long now.
smike: Only people making money at gox is the owners by taking everyones money on the way out.
Ascensionic: Danny0401, i hope to recover my lost only.
redrum: alex8170, link?
CrashX: adriaanb, MT.Gox news is not FUD, people been having problems for the last 3months. I just got the attention worldwide vs only users complaining... >>http://www.coindesk.com/poll-mt-gox-withdrawal-issues/

 

[PaulConventionWV]

This is going to be interesting. I'll be sleeping safe and sound in fiat through this whole fiasco with a nice profit overall.

I think the market will ultimately come back from this, and I'll be waiting to catch it back on the upswing. Based on the general panic I'm seeing, there doesn't seem to be any way to salvage Mt. Gox now. Its reputation is shot, so now, so is the whole exchange.

 

[presence]

http://www.ronpaulforums.com/showth...OX-ppl-screamin-get-your-coins-while-you-can!

re: gox

 

[Dianne]

Frankly, I could never understand why anyone had btc in GOX; unless they were just selling $100. higher than all other exchanges. Maybe that was the way the DOJ could get the names, bank account information, etc. of all those dabbling in alt coins. Why will BTC-e have btc for $800. and GOX same btc at $920.? Of course, so your'll transfer your btc from BTC-e to GOX where you can make a $120. bonus in a matter of minutes. GOX has always been "fishy" to me.

 

[PaulConventionWV]

Frankly, I could never understand why anyone had btc in GOX; unless they were just selling $100. higher than all other exchanges. Maybe that was the way the DOJ could get the names, bank account information, etc. of all those dabbling in alt coins. Why will BTC-e have btc for $800. and GOX same btc at $920.? Of course, so your'll transfer your btc from BTC-e to GOX where you can make a $120. bonus in a matter of minutes. GOX has always been "fishy" to me.

It doesn't work like that. Getting money into and out of Gox doesn't happen in minutes. You have to take into account all of the price fluctuations, so it's not just like converting $800 into $920. The process is a long one, so it would take quite a while to make any significant amount of money doing that. It could be done, but it's really not practical. That's not why the price is so high, regardless.

 

[presence]

GET YOUR FUNDS THE FUCK OUT OF MT GOX NOW!!!!!!!!!!!!

litepresence​

JUST RECIEVED EMAIL FROM VERY TRUSTED FRIEND W/ INSIDE INFO

 

[nayjevin]

What is the price 'supposed' to be today based on 0.6?

 

[presence]

..

For each instance of the BOT do I need a separate account on BTCe or can they all pull fiat from one?

If Gox goes down and prices plummet drastically is the bot still tuned to take advantage of an even bigger drop than 500?

My fiat will actually probably be in the xxk region and although I don't want to be reckless but I'm certainly not conservative either - so with that in mind would you recommend sticking to your original example of 3 bots:

A)
context.BUY = -0.125 # % below long to buy
context.SELL = 0.02 # % above long to sell
B)
context.BUY = -0.12 # % below long to buy
context.SELL = 0.0175 # % above long to sell
C)
context.BUY = -0.115 # % below long to buy
context.SELL = 0.015 # % above long to sell

Cheers

​

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[TD="class: gH, align: right"]11:26 PM (1 hour ago)

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yes. change the % that each instance can buy or sell at a time to .083 from .25


context.BUYp = 0.25 # % of fiat to spend each tick
context.SELLp = 0.25 # % of crypto to dump each tick


of each to

context.BUYp = 0.0833 # % of fiat to spend each tick
context.SELLp = 0.0833 # % of crypto to dump each tick





then you can run 3 on one account... just give them different offsets.


also on the ones that are set to -.12 and -.115 set "bottom %" to 88.5 and 88 respectively.




it is my expecation that if price plummets more than 500 ... it will at least bounce at 500. My suggestion is to turn bot off and trade manually at that point.


I expect


Down to 650


Bounce to 725


[FONT=Verdana, Arial, Tahoma, Calibri, Geneva, sans-serif]Down to 500[/FONT]
[FONT=Verdana, Arial, Tahoma, Calibri, Geneva, sans-serif]
[/FONT]
[FONT=Verdana, Arial, Tahoma, Calibri, Geneva, sans-serif]Beyond that I expect an upswing... but hey you never know.[/FONT]
[FONT=Verdana, Arial, Tahoma, Calibri, Geneva, sans-serif]
[/FONT]
[FONT=Verdana, Arial, Tahoma, Calibri, Geneva, sans-serif]
[/FONT]
[FONT=Verdana, Arial, Tahoma, Calibri, Geneva, sans-serif]If the price starts falling again you could dump to fiat and reengage the bot. It should pick up the next parabolic movement down.... but truthfully I don't think thats going to happen. [/FONT]
[FONT=Verdana, Arial, Tahoma, Calibri, Geneva, sans-serif]

LP[/FONT]



​

 

[muh_roads]

The 'stamp is tempting. Not sure if I want to sleep in it though.

 

[SomewhereInOz]

LTB Coin?

Getting the idea yet that come the dawn of 2015 there will be over 500 coins to choose from?

http://www.youtube.com/watch?v=YqRKMKi7IQg

 

[SomewhereInOz]

Enjoying Time away from Trading

Yet another 40C+ week ahead, unbelievable. Summer heat never runs this late down here. 1 March is the first day of Autumn for us and its looking right now to be a scorcher till then. Been taking some time off and doing a bit of C++/C# coding.

This graphic might give an idea of how things play out from here:

https://www.dropbox.com/s/l95bks1ekku5n6h/Enjoying a February Holiday.jpg

Anyway, enjoy Sochi and the 22nd Winter Olympics. Once you wrap your mind around what that number means you will gain an idea for what is coming ;-)




Watch here to see how they are leaking their witchcraft economics on numbers for this year 2014 and what is coming (Legarde Speech - 24 Jan 14 - skip forward to 9:35 in the Global Vampire and Psychopaths Show by BJF) - 7 Slow years, Looking forward to 7 Growth Years . . . LMAO, that is a joke! But they love their Numerology, don't they! ;-)

http://www.youtube.com/watch?v=EHVDs8EC-xs

Legarde a Synchronised Swimmer? . . . LMAO . . . That is Martina Navratilova . . . Wake UP!!!! Just another New World Order Actor suitable for this moment to continue the Con-Game in which we find ourselves experiencing!

Just as Actor Will Ferrell is playing the role at the CFTC of "Black Bart Chilton" . . . but thats a whole other story.

Just one Big Bullshit Lie After Another!

. . . Just watch Sochi and what comes next for Bitcoin come late March 2014, for you may just be surprised!

 

[SomewhereInOz]

Reddcoin . . . Or should that be ReddCon?

Reddcoin . . . Or should that be ReddCon?

http://www.reddcoin.com/mine-reddcoin

Site looks good, a bit of effort gone into that, so what is the problem?

As indicated before, Reddcoin went live on 2 Feb 14.

Yep, on that day the wallet downloaded and Sync'ed in no time flat, basically zero pre-mine, except for the 5.6 Billion coins mined a day or two prior (as was advertised in their IPCO), so as to pay off IPO investors.

Been watching the Blockchain very closely since Tuesday:

http://cryptexplorer.com/chain/ReddCoin

. . . and as advertised if you are a miner you will discover 300,000 coins in a block for the first 9,999 blocks. ATM we are up to mining block 6,200 or so.

Problem is, when you check into it, they are heavily mining certain blocks on their own at the same time (no access on these for Scrypt Miners) sometimes to the tune of Millions of coins.

Net effect? Right now, best estimates are Reddcoin is now 15% pre-mined to the tune of 17 Billion coins (out of 109 Billion Planned).

As you check the blockchain at this moment, the vast majority of blocks (one every 60 seconds), are only showing 300,000 coins discovered and mined - this represents the mining public.

Since Tuesday, with the pool I am mining at, the number of workers has been falling from a peak of 395, down into the 200's and down to about 95, where we are at today. Durrr, Miners figure this stuff out quickly these days and jump ship fast.

Already, Reddcoin is trading on a few obscure coin exchanges and basically the rate is 1 RDD = 0.0000001 BTC. This is pretty much standard for most new coins (or 1E-07). DOGE was the same, and so was the MOON.

In a few weeks time, when it goes public . . . no doubt RDD will have that same introductory price jump we have seen in so many new coins of late.

In a word, don't fall for it . . . . I will be watching to ditch my RDD for the best price I can get at that time. This ain't no MOON, not a MEOW, most definitely not a DOGE!

This one's not quite the Con that 42Coin was, or similarly Quarkcoin, but its kinda similar. They lied on the amount of pre-mine they would be doing, and shortly after this goes live on the bigger exchanges:?

This:

https://www.dropbox.com/s/nnp90ujvxp8u50p/42Coin Decline.jpg

42 Coin . . . 7 Jan 14 . . . by 8 Feb 14 we will have a Market Cap never seen before in a new coin of $42,000,000. BaHahahahaha, yeah right!

When it goes live, avoid RDD! No matter just how the charts read "screaming buy" at the time. Deal? Deal!

You can't say you are going to pre-mine to 5.6% of the total coins and then go ahead and pre-mine 15% of them.

Say have you heard yet about that new coin called Premine? No shit, it exists! Try to mine it and you can't

Along with UFOCoin, TittieCoin and all the rest, heaps of new coins coming in the next couple of weeks.

Be discerning, because some will rocket like Vertcoin did this week (VTC), but the majority will not.

 

[presence]

These charts are updated automatically every 12 minutes. They use data from this API call, which displays all Bitcoin withdrawal transactions from Mt.Gox that have not been confirmed for 2 or more hours.

68,000 BTC lost in cyberspace at gox


FULL ON CRYPTO BANK RUN

These charts are updated automatically every 12 minutes. They use data from this API call, which displays all Bitcoin withdrawal transactions from Mt.Gox that have not been confirmed for 2 or more hours.

This is a LIVE output jpg, it should update.

 

[XTreat]

Pres I owe you again my friend, I got out of BTC and LTC @ 810 and 21.30 respectively.

 

[Dianne]

Just want to thank everyone for keeping us updated on what is going on in the crypto world !!! I'm taking the advice and resting in fiat through the rest of the month.