Messages

1

General Discussion / Re: Help. Starting out

« on: August 18, 2017, 10:01:20 AM »

I am new to this game too, so I am on the same learning curve, and being in the same boat loosing maybe 20% as I had a Pile of alt coin bags, as bitcoin skyrocketed.

I am not sure where I got the idea maybe an EastCoastCrypto video, but I think we all agree the market (as it is will bounce back) and I think we are going to see some tremendous growth over the coming years, otherwise we all wouldn't be here, so chances the price will be back up and the gunbot be able to sell these bags probably sooner rather than later, however the way I see it we have 2 options.

1. Sit on those bags for X number of days maybe weeks not being able to use that capital to trade waiting those coins to get back above the price you purchased them at allowing the gunbot to swing back into action.

2. Or sell the bags at a lose in the short term, this freeze up the gunbot to trade those same pairs again, and riding the wave of the coins gaining in value again. Hopefully making a few trades in the process of the peaks and troughs as the coin gets back to the value originally traded at. So in theory we are going to end up at the same place, just with option 2 we might have actually made a little extra along the way. The hardest part is swallowing your pride and making that call to sell at a lose as it is tough to stomach. This remains true only if you continue to trade the same pairs though of course.

Happy to be corrected in my logic.

2

Beginners & Help / Trading BTC pairs and ETH pairs on separate instances of GunBot

« on: August 13, 2017, 03:07:32 AM »

Hi Community,

Just wondering if anyone has advice, as I have been trading BTC pairs on one instance of GunBot and ETH pairs on another instance of GunBot on the same exchange, often running the same coins ie BTC-NEO and ETH-NEO. They are all set up with the same parameters using bollinger bands

What looks to be happening is I had a Buy of BTC-NEO,  then 3 minutes later had a sell of ETH-NEO, but I had never had so many ETH-NEO buys, it is obviously selling the NEO that I just purchased with BTC. Everyone says the gunbot wont sell at a loss, and I am cool with holding a fair number of bags while the market does its thing, ok no worries.

So I come in with my BTC, purchase NEO (for example and others) and end up with ETH, all the while this has been happening for approx 1 week. In that week BTC has risen approx AU$1000 and ETH has lost approx 20% in the last few days while this has been happening. I had kept topping up my account through the week trying to increase my amount per trade so never really picked up on it earlier. But it has been an expensive lesson.

So I don't know if there is something that I am missing but I think that is what has been happening, but I have learnt my lesson. Don't trade the same coin with both BTC and ETH on the same exchange, being on different instances of the GunBot or not. Now I have a more Etherium than I would have liked, that I am going to have to sit on till it bounces back, and miss out on the gains that are occurring by holding that same amount in BTC, as its been going nuts.

I hope I have expressed myself clearly enough and that this might help someone else from getting burnt. If anyone has other experiences or can offer any additional advice or insite I would love to hear it as I am very new to this.

Regards