Cryptocurrency

Hooded · 12-14-2017, 07:46 AM

Quote:

Originally Posted by Zippeh

I'm using eToro. If you want to hold for long term, you might need to review the "Take Profit" and "Stop Loss" positions as they have max / min levels depending on the current value. You could find yourself with eToro selling when you don't want them to if there is more massive movements in the markets.

Exactly this ^

There seems to be limits I.e if I buy $500 worth of litecoin the max I can set take profit too is $5000, but what it it's worth $100,000 in 10 years and I want to hold it until I choose to sell.

Is there any way to completely remove stop loss and take profit on there and just do things manually?

I like the platform, and its certainly a good way to potentially make a few grand quickly in a bull market, but I might be good to hold onto some of these long term and see where they eventually go.

Zippeh · 12-14-2017, 07:51 AM

Quote:

Originally Posted by Hooded

Quote:

Originally Posted by Zippeh

I'm using eToro. If you want to hold for long term, you might need to review the "Take Profit" and "Stop Loss" positions as they have max / min levels depending on the current value. You could find yourself with eToro selling when you don't want them to if there is more massive movements in the markets.

Exactly this ^

There seems to be limits I.e if I buy $500 worth of litecoin the max I can set take profit too is $5000, but what it it's worth $100,000 in 10 years and I want to hold it until I choose to sell.

Is there any way to completely remove stop loss and take profit on there and just do things manually?

I like the platform, and its certainly a good way to potentially make a few grand quickly in a bull market, but I might be good to hold onto some of these long term and see where they eventually go.

You cannot remove the limits with eToro as far as I'm aware.

Hooded · 12-14-2017, 08:24 AM

Quote:

Originally Posted by Zippeh

You cannot remove the limits with eToro as far as I'm aware.

Didn't think so.. that's a bummer. There doesn't seem to be a way to just hold onto it and hope you can turn a $500 punt into the value of a house over a few years on there.

ajfoggy · 12-14-2017, 09:08 AM

Quote:

Originally Posted by Hooded

Quote:

Originally Posted by Zippeh

You cannot remove the limits with eToro as far as I'm aware.

Didn't think so.. that's a bummer. There doesn't seem to be a way to just hold onto it and hope you can turn a $500 punt into the value of a house over a few years on there.

Try bitfinex and exchange it instead of opening positions.

Mr Whippy · 12-14-2017, 10:10 AM

Quote:

Originally Posted by Hooded

Didn't think so.. that's a bummer. There doesn't seem to be a way to just hold onto it and hope you can turn a $500 punt into the value of a house over a few years on there.

I assume you must get access to addresses?

Can't you just send it to a cold wallet?

dizzy619 · 12-14-2017, 01:10 PM

Yes the auto cash out is annoying.... Great to have made £200 but its still rising and now I don't want to buy in cos its more expensive than last time...

bimmer456 · 12-14-2017, 01:21 PM

Quote:

Originally Posted by Hooded

Exactly this ^

There seems to be limits I.e if I buy $500 worth of litecoin the max I can set take profit too is $5000, but what it it's worth $100,000 in 10 years and I want to hold it until I choose to sell.

Is there any way to completely remove stop loss and take profit on there and just do things manually?

I like the platform, and its certainly a good way to potentially make a few grand quickly in a bull market, but I might be good to hold onto some of these long term and see where they eventually go.

I brought GBTC so I can do this but I'm hoping to make significant money in a couple years not 10 years.

Hooded · 12-14-2017, 05:11 PM

Quote:

Originally Posted by Mr Whippy

I assume you must get access to addresses?

Can't you just send it to a cold wallet?

I think you'd have to buy through somewhere like coinbase to send it to a cold wallet.

Tengocity · 12-15-2017, 07:29 AM

Etoro have just cancelled Stop Losses for Cryptocurrencies!

dopper99 · 12-15-2017, 07:45 AM

Quote:

Originally Posted by Tengocity

Etoro have just cancelled Stop Losses for Cryptocurrencies!

Yes and last night they prevented trading on XRP for a while.

Tengocity · 12-15-2017, 07:56 AM

Maybe this is what allows the bubble to pop!

MashinBenzin · 12-15-2017, 08:08 AM

Quote:

Originally Posted by dopper99

Quote:

Originally Posted by Tengocity

Etoro have just cancelled Stop Losses for Cryptocurrencies!

Yes and last night they prevented trading on XRP for a while.

Yes I got caught by that. Inadvertently triggered trailing stop loss and then couldn't buy back in. Actually it ended up benefiting me as I bought back at a much lower price than the automatic Close, but still frustrating at the time.

Zippeh · 12-15-2017, 09:13 AM

I think with Crypto it just seems like gambling. I wouldn't risk it with any cash I wouldn't be 100% happy with it disappearing.

Currently sitting up £600 in a week. Could lose it all in an instant though!

bimmer456 · 12-15-2017, 09:56 AM

Quote:

Originally Posted by Zippeh

I think with Crypto it just seems like gambling. I wouldn't risk it with any cash I wouldn't be 100% happy with it disappearing.

Currently sitting up £600 in a week. Could lose it all in an instant though!

Better odds than Vegas.

MashinBenzin · 12-15-2017, 10:21 AM

Quote:

Originally Posted by Zippeh

I think with Crypto it just seems like gambling. I wouldn't risk it with any cash I wouldn't be 100% happy with it disappearing.

Currently sitting up £600 in a week. Could lose it all in an instant though!

I agree completely on the potential for 100% loss. Crypto is good for short term gambles/day trading with the long shot potential for massive returns.

Although aware of bitcoin I never seriously considered it in the early days. Missed the boat on ethereum though, was tempted near the beginning and lacked the bottle for the gamble!

When you see the likes of the Madrec project from UBS and others though, it does make me think that the ethereum platform has tremendous potential. So I do see that as a very high risk investment (akin to Russian oil or a potential unicorn) rather than a pure gamble.

ioannisG · 12-15-2017, 10:28 AM

Thing is you can make a decent 20% return if you buy when it’s crashing and sell a few days later when it has rebounded (both on eth and LTC). No need to tie your money in for longer than that unless you’re happy to gamble with them. For example today I wouldn’t buy any coin from BTC, LTC or ETH. They are either stabilising from a crash or popping which means you’ve lost your chance. Probably sometime next week when the money moves again it will be a decent chance to purchase.

sms720 · 12-15-2017, 03:19 PM

I've bought some BTC, LTC and XRP over the past few weeks on Bitstamp and transferred to a hardware wallet. I'm going to keep long term and hope one of them goes mental. I'll probably lose it all but hey I can accept that if it happens!

Hooded · 12-15-2017, 03:50 PM

Quote:

Originally Posted by sms720

I've bought some BTC, LTC and XRP over the past few weeks on Bitstamp and transferred to a hardware wallet. I'm going to keep long term and hope one of them goes mental. I'll probably lose it all but hey I can accept that if it happens!

What wallet did you get? I've been looking at the Ledger Nano S

bimmer456 · 12-15-2017, 03:53 PM

Quote:

Originally Posted by Hooded

What wallet did you get? I've been looking at the Ledger Nano S

I'm concerned about a hardware wallet breaking. I'm thinking of maybe getting a paper wallet.

sms720 · 12-15-2017, 04:00 PM

Quote:

Originally Posted by Hooded

Quote:

Originally Posted by sms720

I've bought some BTC, LTC and XRP over the past few weeks on Bitstamp and transferred to a hardware wallet. I'm going to keep long term and hope one of them goes mental. I'll probably lose it all but hey I can accept that if it happens!

What wallet did you get? I've been looking at the Ledger Nano S

That's the one I purchased. It works well and if it fails you can recover your account into a new one.

Hooded · 12-15-2017, 04:11 PM

Quote:

Originally Posted by sms720

That's the one I purchased. It works well and if it fails you can recover your account into a new one.

Cool .. I'll order one over the weekend then.

I assume it was simple to transfer from bitstamp to your wallet with no big fees?

sms720 · 12-15-2017, 04:15 PM

Quote:

Originally Posted by Hooded

Quote:

Originally Posted by sms720

That's the one I purchased. It works well and if it fails you can recover your account into a new one.

Cool .. I'll order one over the weekend then.

I assume it was simple to transfer from bitstamp to your wallet with no big fees?

No fees at all - the fees occur when you make the trade and buy the crypto not when you transfer to the wallet.

12-14-2017, 01:10 PM	#182
dizzy619 Major 447 Rep 1,453 Posts Drives: F31 340i Join Date: Feb 2016 Location: bedfordshire iTrader: (0)	Yes the auto cash out is annoying.... Great to have made £200 but its still rising and now I don't want to buy in cos its more expensive than last time...
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12-15-2017, 07:29 AM	#185
Tengocity General 8566 Rep 19,982 Posts Drives: 911, Cayenne Turbo, Disco 4 Join Date: Sep 2013 Location: Crieff, Perthshire, Scotland iTrader: (0)	Etoro have just cancelled Stop Losses for Cryptocurrencies! __________________ Current: Porsche 911 991 C4S, Porsche Cayenne Turbo, Land Rover Discovery 4. Gone...G01 X3 M40i, Cayman S 987, F31 340i, Cayman GT4, F82 M4 CP, Lotus Exige V6, G20 330e, F30 330e, Boxster S 987, F31 335d, Mini Cooper SD, E89 Z4, E90 330d 320d, E60 520d, E46 330d 320d, MX5s, E30 325i
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12-15-2017, 07:56 AM	#187
Tengocity General 8566 Rep 19,982 Posts Drives: 911, Cayenne Turbo, Disco 4 Join Date: Sep 2013 Location: Crieff, Perthshire, Scotland iTrader: (0)	Maybe this is what allows the bubble to pop! __________________ Current: Porsche 911 991 C4S, Porsche Cayenne Turbo, Land Rover Discovery 4. Gone...G01 X3 M40i, Cayman S 987, F31 340i, Cayman GT4, F82 M4 CP, Lotus Exige V6, G20 330e, F30 330e, Boxster S 987, F31 335d, Mini Cooper SD, E89 Z4, E90 330d 320d, E60 520d, E46 330d 320d, MX5s, E30 325i
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12-15-2017, 09:13 AM	#189
Zippeh Captain 345 Rep 926 Posts Drives: F82 M4 Manual 2015 Join Date: Jun 2010 Location: North Wales iTrader: (0)	I think with Crypto it just seems like gambling. I wouldn't risk it with any cash I wouldn't be 100% happy with it disappearing. Currently sitting up £600 in a week. Could lose it all in an instant though!
	Appreciate 0 Quote

12-15-2017, 10:28 AM	#192
ioannisG Private First Class 67 Rep 192 Posts Drives: 330d F30 Join Date: Feb 2017 Location: London iTrader: (0)	Thing is you can make a decent 20% return if you buy when it’s crashing and sell a few days later when it has rebounded (both on eth and LTC). No need to tie your money in for longer than that unless you’re happy to gamble with them. For example today I wouldn’t buy any coin from BTC, LTC or ETH. They are either stabilising from a crash or popping which means you’ve lost your chance. Probably sometime next week when the money moves again it will be a decent chance to purchase.
	Appreciate 0 Quote

12-15-2017, 03:19 PM	#193
sms720 First Lieutenant 40 Rep 380 Posts Drives: F30 335d Join Date: Jan 2014 Location: Northern Ireland iTrader: (0)	I've bought some BTC, LTC and XRP over the past few weeks on Bitstamp and transferred to a hardware wallet. I'm going to keep long term and hope one of them goes mental. I'll probably lose it all but hey I can accept that if it happens! __________________ Current: F30 335d xDrive MSport (EBII/Black Dakota)
	Appreciate 0 Quote