JayJuanGee
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How much alt coin diversification is needed? 0%?


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August 15, 2017, 09:41:08 AM

The sell wall on Gemini at $4125 started at about 1k btc about 20 minutes ago, and it looks like it is getting eaten away slowly.  I feel like making a buy, just to contribute to the cause.  It is down to 448 BTC as I type, but even if I made a BIG purchase (for me), it would not make a big dent in the wall.


Edit:  Hahahahaha.. Finally I may have done a good thing for everyone, including myself.  I watched the wall, and it suddenly went down from 433BTC and down to 18BTC, and I made my pounce, especially since on my other screen, I could see that Stamp had about $100 premium with new ATH movement. My small contribution at the bargain price of $4125.  Now, I gotta figure out when to sell because that was outside of my regular practices?  Maybe sell little by little starting around $4250?  or is that too conservative?

Just curious, its real trade or just some "magic trick" like some news that i read before

Well, I think that skepticism is good, but we also have to have some faith regarding events in the real world too, no?   I am saying what I saw, and what I did.  I do believe that someone else or a group was behind what I was seeing, and when I saw the wall suddenly disappear, I could determine that the chances were pretty high that the price was going to immediately go up 1-2% so seemed like a good opportunity to make a quickie short term profit, and within minutes after the coins for sale were pulled, the price went up 1-2%, and took a few hours for all my orders to fill which were between 1.5-4% above my buy rate... Not any kind of killer profits, but a bet that I was willing to make based on overall dynamics, and since I was playing around outside of my usual system, I wanted to be fairly conservative and close them early and lock in profits (because I have found that sometimes it just backfires when a person tries to be too greedy).  By the way, my trading fees were about .2% to buy and then .2% to sell, so have to subtract .4% from the total price difference in order to calculate profits, which would be a measely 1.1% to 3.6%.. hahahaha.. pretty small, but still fun to have a little extra rolled into my portfolio... plus one for the little guy.   Wink