The Litepresence Report on Cryptocurrency

Oh my, the good ole trollbox is yelling btc to $50.00 . Thanks for the info on Bitfinex, I'm on my way to check it out.
 
Dianne said:
Oh my, the good ole trollbox is yelling btc to $50.00 . Thanks for the info on Bitfinex, I'm on my way to check it out.
Click to expand...

If you don't feel comfortable trading, you can earn a rate of return doing the liquidity swap thing, also.

It's like the old days when you put money in savings, and this was used to loan to someone else for a nice rate of return. Back when interest rates were actually good.

I have no clue what kind of % return u get for this though...
 
Last edited:
muh_roads said:
Instead of shorting, margin trading, etc...has anyone tried offering up their own BTC as a liquidity swap on Bitfinex? I was wondering what the return was like?
Click to expand...

It's not great. I've tried it and you can get anywhere from .07-.1% per day, so if you have a lot of money just lying around, it might be worth it, but for some reason the contracts never seen to last the whole time unless you offer them for well below the going rate, so the swaps will be canceled and you have to keep putting them back in to keep the returns coming. It's very low risk. There's very little chance that you will lose anything unless there is a flash crash and the borrowers get liquidated and can't pay you back. It hasn't happened in years, but just be aware. Again, if you have enough money to make a decent return with .07-.1% returns and you don't want to deal with the stress of trading other than constantly trying to pick up swap contracts, then it might be worth it.
 
Last edited:
Dianne said:
Oh my, the good ole trollbox is yelling btc to $50.00 . Thanks for the info on Bitfinex, I'm on my way to check it out.
Click to expand...

That's why it's called the troll box.

Here's my latest idea:

https://www.tradingview.com/v/u2cmUOyh/

I'm bearish for now, but I'm watching the $250 price level for a potential reversal. We are still in what looks like a bullish pennant, so we will be able to better tell what the long term outlook is for bitcoin once the price breaks out of this long-term consolidation pattern either way.
 
Do you have a "Referrer code" for bitfinex? I will sign up with it. Your strategy sounds like a great idea, so I want to give you whatever the benefit is for a referral. Thanks.
 
LibertyTeeth said:
Do you have a "Referrer code" for bitfinex? I will sign up with it. Your strategy sounds like a great idea, so I want to give you whatever the benefit is for a referral. Thanks.
Click to expand...

I assume you were responding to me. I'm sorry, but I don't have a referral code. I'm not sure how one might get one.
 
I spoke too soon. I've just been made an associate, so I can offer referral codes for Bitfinex and you will get 10% off of fees for the first month. PM me if you're interested.
 
In TA news, the bounce stopped at $365 resistance as I expected, so if volume starts declining as we bounce up against this resistance, then I expect the downtrend to continue.
 
Tradewave now has 2 YEARS of backtesting in a single click (takes about a minute):

YH0yrUw.png




...and I've just manifested a python script that gets over 1900X CASH return since 1/2013 (76X BTC)

200 lines of code, 100% Simple Moving Average indicators.

:D
 
Last edited:
It was 313.00 last time I looked at btc-e today. With the weekend coming up, I can't help but think we will dip below $300., but I am an unsuccessful trader so don't take my word as gospel.
 
Crashland said:
You mean $320? I'm thinking it probably still has another leg down. Maybe bounce up from $300 or $285. There's a big long term log-scale support line down in that area.
Click to expand...

No, I meant $350. that is our overhead resistance, so if it breaks that, then we might have another bull run. I think in the meantime we will have a small retracement and then possibly continue down if we don't break $350, represented by the dotted green line in the chart.

If it breaks below $315 on Stamp, which was the low today, then get ready for a big dump.
 
I am thinking there will be selling pressure all the way through to the end of the year, for tax purposes because this year bitcoin is down and stocks are up. If they realize their bitcoin losses, then they can write them off as capital losses against the capital gains they probably made in the stock market.
 
muh_roads said:
That's awesome dude. Can it run simulated mode to use as an assistant?

Glad to have you back. :)
Click to expand...

It wouldn't be hard to code in a patch for that.

I've been reading along.

My focus fell away from bitcoin and bots for a few months in the summer. Just didn't have time for it. I also wanted to see how sucessful my Spank code was. I still don't have time for trading bitcoin... but for the past 30 days I have made time for a fresh outlook on python bots; I'm back to my roots on the significance and timing of 12h MA's as the primary indicator a long trading bot should be concerned with. Much can be gleaned from the slope, breadth, and twist-order of 30,60,90 12h MA's relative to close.



The noteworthy thing we can all glean right now about that bot:

12/09 12:00 SELL $346

holding cash




I've petitioned for "closed source public code" at tradewave. This would allow anyone to trade along with it as a "trading assistant" without me having to give away source code; it wouldn't trade for them.


I proposed a whole business model the other day for bot sales:

Successful web enterprises depends on the 3 C's:
Content - in case you haven't noticed this place blows away the competition
Community - we've got the spawn of something very special here
Commerce - tradewave is definitely lacking on P2P commerce
P2P commerce is what allows botsmiths to bring in the paying customers.
Right now my only option is to sell open source code. I did this at other sites and I'm very hesitant to do that again because there is a tendency for people to resell my work and undercut me on stuff I spent weeks on.
[h=2]I Propose a Simple Roadmap for Vibrant P2P Sales:[/h] [h=2]1) Hidden source code.[/h] Ideally there would be 5 types of source code:
Currently we have:
PRIVATE - Only the owner can see it and modify it.
OPEN-PRIVATE - Anyone can see it and fork it, only the owner can modify it.
I'd like to see three additional types of PUBLIC repository code:
OPEN-PUBLIC - Anyone can see it and fork it, but it can never be modified once uploaded.
CLOSED-PUBLIC - Only the owner can read it, but it can never be modified once uploaded. Anyone can test it. Anyone can run it live. The owner can choose to assign and collect a trading fee.
CLOSED-PUBLIC-KEYED Just like "closed-public"; anyone can test it, however, only botsmith approved users can run it live. This would allow botsmiths to charge a one time initial fee for keyed access.
[h=2]2) Much More Backtest Data.[/h] To "prove" bots we don't need access to more exchanges or trading pairs for live trading. And running a bot "live" that only trades occassionally hardly "proves" anything. I propolse we need access to more HISTORICAL DATA. And it doesn't even need to be bitcoin related. Ideally its is NOT more BTCUSD data. If I can give clients CLOSED SOURCE scripts that they can then test vs not only BTCUSD, but the S&P500, YAHOO, DRKLTC on Cryptsy, the recent Alibaba IPO, old Mt Gox data, GOLD/USD, SILVER/USD, etc. etc. Then clients can see that the scripts will work in any situation. They can have confidence running closed source work in a live environment with real cash. Not because the owner of the script is a well known botsmith, not because "tradewave" endorses the product, but because they themselves have tested the exact script they will run in a myriad of historical environments. I suspect importing and giving access to a large amount of historical data is much easier than the upkeep of many live exchange pairs.
[h=2]3) Percentage Based Trading Fees.[/h] Just like an exchange, Tradewave charges NO RECURRING FEE for membership or live trading, but takes a percentage cut on every trade made by every script, open or closed source. I suggest that Tradewave decides upon its price point and is consistant accross exchanges and trading pairs; although Tradewave might wish to universally lower or raise fees to find its ideal price point over time.
The botsmith would then also be free to price his CLOSED-PUBLIC wares on a similar percentage basis in addition to the amount charged by tradewave. The botsmiths pricing could range all the way down to zero for works he wishes to share with the community for free, but keep closed source.
I suspect the easiest way to achieve this, on a technical level, would be to use "prepaid" escrow accounts held by Tradewave, that were deducted from at the point of trade. If a user had no funds in prepaid account, then no trade occurs. If a user has a bot running live with inadequate funds to make another trade then an email alert would be sent.
Exchanges typically charge about 0.2% per trade. I suspect a price point for Tradewave of 0.025% and for botsmiths of about the same; 0.025% would give a closed source client a
0.2
0.025
0.025
0.25% total fee
Which, while being marginally more expensive than manual trading, would generate significant recurring revenue for Tradewave and the botsmith... while keeping the fee structure on a "sliding scale", so that those with the largest accounts are paying the most fees while everyone else still has access to great affordable bots.
[h=2]4) Discuss Subforum for Closed Source Work[/h] Any user concerns, comments, reviews, complaints would then help moderate the authenticity of good closed source work. Similarly the owner could use this forum to explain how his script works.
I suspect this 4 step roadmap would rain money for Tradewave and the hardworking botsmith... as well as grow our community exponentially. I also expect it would provide a fair platform to exchange closed source code amongst users.
Click to expand...



https://discuss.tradewave.net/t/tradewave-fee-structure-suggestions/51/6
 
Last edited:
Crashland said:
I am thinking there will be selling pressure all the way through to the end of the year, for tax purposes because this year bitcoin is down and stocks are up. If they realize their bitcoin losses, then they can write them off as capital losses against the capital gains they probably made in the stock market.
Click to expand...

We shall see...
 
Last edited:
You must log in or register to reply here.

Similar threads

PAF
The Last Thing We Need Right Now is a Fed Rate Cut
Replies
2
Views
172
Brian4Liberty
Brian4Liberty
PAF
Get Ready for the Republican Carbon Market
Replies
15
Views
4K
PAF
PAF
kahless
Trump: Cryptocurrency ‘a Very Dangerous Thing’ — ‘I Like to Have the Dollar’
2 3
Replies
57
Views
7K
A Son of Liberty
A Son of Liberty
libertasbella
Cryptocurrency Quotes for Investors Who Don’t Need No Fed
Replies
2
Views
1K
libertasbella
libertasbella
Brian4Liberty
The 18 Minutes of Trading Chaos That Broke the Nickel Market
Replies
1
Views
445
Madison320
M
Back
Top