Ethereum price discussion

[Ander]

Shorted .006

[Ander]

Bought some at .0589.

That's brave my guess is ETH might be stable or gain vs. BTC but will lose vs. USD/Fiat.

I'm just trading the range.

Sold .00599.

Only .05 btc profit, but it doesnt take much btc to buy BTS right now!   

[Empirical1.2]

Bought some at .0589.

That's brave my guess is ETH might be stable or gain vs. BTC but will lose vs. USD/Fiat.

[Ander]

Bought some at .0589.

[Ander]

Woo, got out of ETH short on spike down to .00582.  Managed to make like .01 btc lol.

[btswildpig]

I've been able to earn some nice profit with 20X leverage on Bitcoin futures these days.

2.5 X is not that attractive compare to that .  :P 

How long can you hold a position in Polonix ?

You can hold a position at polo as long as you are willing to pay interest and as long as you dont get margin called.

Sure, if you go 20x and are correct youll make more money.  But the room for error is so small.   I prefer to have a very large room for error so I dont even use 2.5x. 


Re: my earlier short, the wall was indeed unreliable and went away.  Shouldnt have shorted so low in the range.  It seems we are stuck in a range around .006, so you can expect prices to probably return to .006 at some point, meaning its good to buy under it/short above it.  (Until something breaks and it isnt). 
Trying to get out at breakeven now on a spike down.

I have predicted BTS would fall at least to 0.021 CNY when it was 0.032 . I should have shorted at polo .... 

[Ander]

I've been able to earn some nice profit with 20X leverage on Bitcoin futures these days.

2.5 X is not that attractive compare to that .  :P 

How long can you hold a position in Polonix ?

You can hold a position at polo as long as you are willing to pay interest and as long as you dont get margin called.

Sure, if you go 20x and are correct youll make more money.  But the room for error is so small.   I prefer to have a very large room for error so I dont even use 2.5x. 


Re: my earlier short, the wall was indeed unreliable and went away.  Shouldnt have shorted so low in the range.  It seems we are stuck in a range around .006, so you can expect prices to probably return to .006 at some point, meaning its good to buy under it/short above it.  (Until something breaks and it isnt). 
Trying to get out at breakeven now on a spike down.

[btswildpig]

I've been able to earn some nice profit with 20X leverage on Bitcoin futures these days.

2.5 X is not that attractive compare to that .  :P 

How long can you hold a position in Polonix ?

[Ander]

Shorted some at .00588 after a sell wall appeared.

Those walls are unreliable though...we will see.

[Ander]

Sell order triggered overnight at .00597. 

Yes it lets you use 2.5x.  I've been using less than that when I short, I dont like to be more than 1x leveraged ever. 

[liondani]

How much X leverage does Peloniex provide in margin trading ?

I think  x2.5

[btswildpig]

How much X leverage does Peloniex provide in margin trading ?

[Ander]

Bought again at .00585

[Ander]

Sold at .006.  Small gain.  wasnt feeling good about it for a while there, an then someone put in an order to buy at .006 so i took it.

[Ander]

Bought a bit of ETH at .00585