Messages

1

General Discussion / Re: How long do you hold your bags

« on: June 08, 2017, 02:40:30 AM »

No one ever listens to me when I say this. But the best thing to do with bags is just...SELL THEM!  Don't even wait for the price to go up!  They're already only worth whatever they're currently trading for. Unless ur actually investing in altcoins (hodling) then sell off ur bags at predetermined intervals. Once a week. Once a day. Whatever ur trading cycle is. I sell them off every night. Trust me. This will free up ur holdings into liquid bitcoins that you can immediately use to ride some other coin that's actually trending!

Compare that to waiting for 3 days or 2 weeks for your bags to grow back to whatever u originally bought them for. That's lost time. Wasted. You could have been actually making money trading other coins instead of having them tied up indefinitely doing nothing. Bags serve no purpose.

They are quite literally an invention of your mind. They seem real because you want to hold on to your original decision to buy them at whatever cost you got them for. Just realize u were wrong and get out!  Think about it for a while. Bags are an illusion that we hang onto because we don't like admitting when we're wrong. Much much better to just accept mistakes and move on!  I never started making money in crypto until I realized this.

I make tons and tons of mistakes every day. So does every successful trader. The key is mitigating the losses from those mistakes and FREEING UP YOUR CAPITAL to try try again. Bags kept me locked into mistakes & prevented me from being able to even out the losses with big wins.

2

General Discussion / Re: Windows Defender detects the last release (PatchFix601) as a Trojan

« on: May 03, 2017, 08:10:35 PM »

yep.  mine too.... actually the v3.1 gui for windows release also set off windows defender trojan: JS/Jorv.A!cl

i presume (hope) this is just false positive because of the nature of the bot's coding, but none of the previous releases triggered any alarms on my computer.....

3

Beginners & Help / Re: GUNBOT - Linux Tutorial

« on: April 30, 2017, 11:35:35 PM »

jerod thank you.  thank you thank you thank you thank you thank you!

this is just what i was looking for!  i don't know why it's so difficult for most people to give linux tutorials.  my reasons for never quite learning how to use this OS is tons of noise and not enough points of mental traction (in other words, i'm too stupid to follow their instructions).  seems that either you're already familiar with all the -nix particulars or you're on your own to figure it out lol. 

seriously...thanks
 -KW

4

Technical Support & Development / Re: For bagholders only

« on: April 11, 2017, 04:43:49 AM »

lol "polo doesn't understand what i've done"  --  that could be my signature 
great post!  i agree with your "what you can do" list.

however, do you not agree with what i was saying about doing this lateral side-trade is no different than just selling your eth and buying something else with btc?

the only advantage would be to save you fees from converting back to btc right?  because the other 'advantages' are merely mental/organizational in nature (i.e. "i can't bear the thought of selling at a loss") and the disadvantages have to do with the limited number of coins available to the ETH_ALTCOIN market.

It seems to me that the only way this technique could be useful would be in situations where the markets aren't in equilibrium....meaning that you'd be doing arbitrage from inside polo.  i admit that i haven't researched arbitrage opportunities within poloniex's markets, but i'd be surprised to find that it has much potential

5

Technical Support & Development / Re: For bagholders only

« on: April 10, 2017, 05:50:13 PM »

lol bagception hahahaha

ok.  this is a great idea.  really it is.

what it demonstrates is an understanding that if you're left holding eth bags after prices drop, that your value that's trapped inside that eth should be liberated so that it can be used to make more profits again as opposed to sitting forever trapped inside that low-value eth.

however, trading those bagged eth on the ETH_OTHERS market isn't the solution. 

First of all, there aren't many coins to trade there--if you sell it back into btc, then you can then buy anything on the BTC_OTHERS market.  The reason that this idea is so tempting though is because we have a mental block to just selling the damn coins that no longer want.  this is a purely mental creation whereby you want to hold onto the idea that you didn't actually lose anything....because if i hold onto these bags, one day the price will go up and i can get back all the btc i paid for this coin in the first place.

it's a very commonly-held belief.  and i can see where it would be especially difficult to let go of it when you're coding for a logical bot responsible for buying and selling.

but put quite simply--selling those bags back into btc is NOT taking a loss.  the loss has already occurred.  previous values may or may not ever return.  for people who don't know what they're doing, hodling is often THE SMARTEST decision.  because they're going to lose money no matter what they buy/sell.  the more active they are, the more they lose.  so for beginners and those who don't want to spend all their time researching and watching charts, then hodling is a great option.  but doing it for the sake of doing it because you dont want to admit that you lost money when eth tanked is just clinging to a belief that isn't real.

 as someone who recently discovered this in an epiphany that led to an immediate liquidation of all my shitcoin bags, i can see exactly where this idea comes from and how it's useful as an adjunct to the desire to never sell at a loss.  the next logical conclusion is to realize that you can accomplish the exact same thing (but better) by selling all those eth into btc.

  how would this concept of lost value bag liquidation be incorporated into the bot?  i have no clue.  perhaps it couldn't ever be incorporated in.  but then again, if the bot required no human interaction then why are we even here?  there is a certain point where a bot becomes so efficient that no one will ever make any profit again ever.  whats the difference in 4 perfect trading bots and 500?  eventually they will all zero each other out and that's when we will have to build a  "humans-only" exchange to reintroduce variability into our lives.

6

Technical Support & Development / Re: For bagholders only

« on: April 10, 2017, 07:19:36 AM »

what a damn good idea!

thanks for always bringing out such great ideas and upgrades!

7

General Discussion / Re: Idea / Feature request: "The Bag Grower"

« on: April 08, 2017, 12:03:06 AM »

this is a pretty cool (as well as thought-provoking) idea....   

so basically what you're trying to do is keep the same %gain as your sell trigger, but instead of selling all, it will only sell enough altcoins to maintain 0% btc gain/loss.

meaning that over time, your btc balance should stay the same while accumulating altcoins

this might not be a bad idea for a couple of different scenarios.
1.  For Investment purposes.  because it encourages diversification.  anyone who uses the market for investment purposes will tell you diversify, diversify, diversify.

2.  When you believe that altcoins will eventually overtake bitcoin.  this should work in any situation where an altcoin becomes advantageous to use over bitcoin...even if that coin has a limited use.  because in this scenario, even in a longterm bitcoin bull market, many of the rising altcoins will experience more value growth than bitcoin...meaning your bags have the potential to get heavier and heavier just sitting there.

that's all i could think of off the top of my head lol, but certainly there are other potential advantages to this strategy.

part of the problem with implementing something like this is that there is a distinction between daytrading/swing-trading and longterm investment.  this idea sounds like it could work for a longterm investment strategy.  in other words, you could use such a bot to manage your own altcoin index fund where you would place a longterm investment and leave it to grow...and over time your portfolio will expand, accumulating a diversified altcoin profit while your initial principle investment (i.e. your bitcoin balance) stays the same.

i'm scratching my head over this one... i would consider purchasing a bot like this even if it ran through a totally different program...