Binance Traders | Trading Altcoins on the Exchange with the Lowest Fees
[Binance Sign-Up Low Fees & No Verification Required](https://www.binance.com/?ref=10190098) [Binance Jersey | Binance's New Fiat Exchange](https://www.binance.je/?ref=35051509) [Binance CEO CZ's Twitter | Latest News & Updates](https://twitter.com/cz_binance?lang=en) Binance traders unite. After just having their own ICO this past May Binance has become the largest growing cryptocurrency exchange. With less verification, lower fees, and high withdrawl limits it's easy to see why.
Dolomite - Effortless crypto trading and management. Trade dozens of cryptocurrency tokens right from your wallet with low fees and a powerful trade execution engine. Manage your portfolio with down-to-the-minute historical market and transaction information. Learn more at http://dolomite.io
07-04 05:05 - 'Crypto.com has had no fees since March and will last a few more months. Before though, the fees were pretty low as it were. The transactions are instant and trading, staking, and withdrawing is very easy and streamline. I'd...' by /u/Ezellular removed from /r/Bitcoin within 283-293min
''' Crypto.com has had no fees since March and will last a few more months. Before though, the fees were pretty low as it were. The transactions are instant and trading, staking, and withdrawing is very easy and streamline. I'd highly recommend. If you have a referral code, you can get a $50 sign up bonus if you're interested in their MCO Visa Card. Feel free to use mine if you need one 3388y6baxh. Hope that helps. ''' Context Link Go1dfish undelete link unreddit undelete link Author: Ezellular
Are there any good crypto trading websites with low fees so i can day trade?
I have been thinking about day trading for a little while now. And i can’t seem to find a good website that either takes ideal or bank transfers at a low fee so i would be able to day trade with a small budget
Launched - TRADE CRYPTO WITH FIAT ON COSS WITH LOW FEES
https://medium.com/coss-official/trade-crypto-with-fiat-on-coss-with-low-fees-2388a1d380b7 https://preview.redd.it/f4ktq5x5rjl31.png?width=1200&format=png&auto=webp&s=f2a4dc36c75be0bb544e003ef4a5b464cf9bdd40 Cryptocurrency and blockchain has clear benefits and real world use cases. Unfortunately, it can be difficult for the man in the street to make an entry in this space without having a bridge that can facilitate the exchange of fiat with crypto. Retail users require a fiat on-ramp platform to utilise the advantages offered by cryptocurrencies. The problem lies in the fact that there aren’t many exchanges that offer these fiat on-ramp options, and the fees of those platforms that do offer these services are oftentimes exorbitant. We are changing that today. COSS cryptocurrency exchange has been relentlessly churning out developments for the benefit of its users. It has now become more inclusive of crypto traders by integrating Epay.com as its fiat service partner. This move puts us in the league of a handful of crypto exchanges that support fiat deposits and withdrawals on their platform. Our vision is to expand the blockchain ecosystem by making crypto more accessible to the masses and explore additional avenues to drive growth. We are extremely excited. As a team, we are driven by a vision to make COSS a robust crypto ecosystem and are committed to increasing crypto adoption by bringing in innovative products and services. We believe this new integration will make COSS your most preferred exchange. You should be excited too! It is very simple to access fiat deposit and withdrawal on COSS. We begin with USD and EUR deposits and withdrawals today.
Load your Epay wallet with USD or EUR using your preferred method
Initiate a deposit into your COSS.io wallet from the exchange dashboard
It’s that simple. We wanted to bring in more reasons for users to utilise this service offered by COSS. Guess what we did for that? We made this service more lucrative for the users by levying no fees on deposits of fiat currencies and very low fees on fiat withdrawals. COSS also offers a 0% maker fee to all traders. You read that right. 0% deposit fees on COSS. For everyone! We are also setting the withdrawal fees on COSS at a competitive 2%. Support for more fiat and cryptocurrencies will be enabled in the coming days. Trading will open on the following pairs today: - BTC_USD - ETH_USD - COS_USD - BTC_EUR - ETH_EUR - COS_EUR We will disable the old fiat providers on our exchange. All other fiat pairs will be disabled. If you have a balance in your GBP wallet, please contact [[email protected]](mailto:[email protected]). Our mission is to bring together the various elements and services of the crypto world to one platform providing our users with ease of choosing. Our various products and services are designed with the aim of building a sustainable ecosystem that is centred on its users. COSS adopts a unique approach to including the elements of decentralisation into its system through the Fee Split Allocation feature. The feature employs a smart contract to distribute 50% of all trading fees generated on COSS among COS token holders — every day.
Are we slowly becoming the Crypto currency of the internet? or Just a middle man of Crypto trading just now?
I feel with the recent transactional data presented, we have certainly found somewhat of a niche purpose within Crypto trading, Low fee's, quick transfer of LTC, X,Y,Z... we already know this. Can anybody else shed any light reference our demand outside of what I have just mentioned. I am aware of the rumours in regard's to the obvious, I am simply pricking your ear's if there is another medium we are being utilised for currently for transaction's, Many thanks.
How I applied Buffet's strategies to my own portfolio, +70% networth, beat SP500 by 40%
I believe I did pretty well in the market this year. My networth increased ~65% since its lowest point in March, ~350k to 620k. 20k from the car I bought in March. I rolled over a 401k and it messed up Mint's reporting, hence the spike from Jul -> Aug. I beat the SP500 by 40% in my YOLO account, my FAANG account went from 180->300 I did this by following some basic investing principles, buying and holding for the most part, being patient, and only investing in areas which I have expertise in. I did not buy into the TSLA hype, nor do I play options, nor do I play crypto.
Most news is noise, not news (don't read articles about investing)
The best moves are usually boring (buy and hold)
Only listen to those you know and trust
I firmly believe that anyone who follows those concepts, they will find success in investing.
Keep emotions out of the market
Don't bother timing the market. Don't get ruled by FOMO.
Understand that for some stocks, you can't really average cost down. You will have to stomach buying the stock at a higher entry point. My refusal to average up early on caused me to miss out on a lot of gains.
Understand the difference between trading, investing, and gambling.
Have an exit strategy (stop losses would have helped me a lot in March, I now learned from my expensive mistake)
Be greedy-- not TOO greedy. If a stock pops 10%, I will sell half to lock in profits. It's super common to see a lot of companies pop and the next day dip a bit due to sell off. Perfect time to grab more on the dip. This is obviously impossible to time, which is why I only sell half.
I was very specific in the types of companies I would choose to invest in within tech. I decided to follow my strengths. As a data engineer, I'm very intimate with cloud technologies, and I think I generally have pretty sharp business acumen and good strategic direction. As a result, my day to day work had me using a ton of technologies in the cloud space. I've used Splunk, NewRelic, Twilio, AWS, GCP, Hortonworks/Cloudera, Oracle, Tableau, Datadog, Sendgrid (bought by Twilio), Dropbox/box, Slack, Salesforce, Marketo, Databricks, Snowflake, HP Vertica, just to name a few. I was familiar with CDN services like Fastly and Cloudflare because sometimes, I worked with the DevOps and IT guys. Based on industry hearsay, day to day work, eventually, I got a good "feel" of what technologies were widely adopted, easy to use, and had a good reputation in the industry. Similarly, I also got a feel for what tech were being considered 'dated' or not widely used (HP, Oracle, Cloudera, Dropbox, Box). I tend to shy away from companies that I don't understand. In the past, most times I've done that-- I got burned. My biggest losers this year was betting on $NAT and $JMNA (10k total loss). After learning from those mistakes, I decided to only focus on investing in companies that either I or my peers have intimate first hand experience with using. Because of this rationale, the majority of stocks in my portfolio are products which I believe in, I thoroughly enjoy using, and I would recommend to my friends, family, and colleagues. Post COVID, due to the shift to remote work and increase in online shopping I decided to double down on tech. I already knew that eCommerce was the next big thing. I made very early investments into SHOP and Amazon in 2017 for that reason. My hypothesis was that post-COVID, the shift on increased online activity, remote work, and eCommerce would mean that companies which build tools to support increased online activity should also increase. I decided to choose three sectors within tech to narrow down-- these were three sectors that I had a good understanding of, due to the nature of my work and personal habits.
eCommerce + AdTech
IT/DevOps (increased online activity means higher need for infra)
FinTech (increased shopping activity means more transactions)
These are the points I consider before I consider jumping into a stock:
Do I feel good about using the company? Do I believe in the company's vision?
Where do I see this company in 5 years? 10 years? Do I see my potential children being around to use these companies?
What does YoY, QoQ growth look like for this company?
Is/Will this product be a core part of how businesses or people operate?
Who are their customers and target demographic?
(SaaS) Customer testimonials, white papers, case studies. If it's for a technology, I'm going to want to read a paper or use case.
In March, I took what I believe to be an "educated gamble". When the market crashed, I liquefied most of my non tech assets and reinvested them into tech. Some of the holdings I already had, some holdings were newly purchased. EDIT^ this isn't called timing the market you /wsb imbeciles. Timing the market would be trying to figure out when to PULL OUT during ATH and then buying the dip. I SOLD at the lowest point, and I with the cash I sold AT A LOSS, I reinvested that cash and doubled down into tech. If I sold in Feb, and bought back in March, that would be calling timing the market. What I am doing is called REINVESTING/REBALANCING... not timing the market. I have 50% of my networth in AMZN, MSFT, AAPL, GOOG, FB, NFLX, and the rest in individual securities/mutual funds. I have 3 shares of TSLA that I got in @1.5. Here are the non FAANGs I chose.
$SQ. I had already been invested in SQ since 2016. I made several bad trades, holding when it first blew past 90 until I sold it at 70... bought in again last year at 60s, after noticing that more and more B&M stores were getting rid of their clunky POS systems and replacing it with Square's physical readers. After COVID, I noticed a lot of pop up vendors, restaurants doing take out. A Square reader made transactions very easy to make post-COVID.
$ATVI. Call of Duty and Candy Crush print money for them. I've been a Blizzard fanboy since I was a kid, so I have to keep this just out of principle.
$SHOP. They turned a profit this year, and I think there is still a lot more room to grow. It's become somewhat of a household name. I've met quite a few people who mentioned that they have a Shopify site set up to do their side hustle. I've tried the product myself, and can definitely attest that it's pretty easy to get an online shop up and running within a day. I 5.5xed my return here.
$BIGC. I bought into this shortly after IPO. I'm very excited to see an American Shopify. BigC focuses on enterprise customers right now, and Shopify independent merchants, so I don't see them directly competing. I'm self aware this is essentially a gamble. I got in at 90, sold at 140, and added more in 120s. I def got lucky here... it's not common for IPOs to pop so suddenly. I honestly wasn't expecting it to pop so soon.
$OKTA. Best in class SSO tool. Amazing tool that keeps tracks of all of my sign-ons at work.
$DDOG. Great monitoring tool. Widely adopted and good recommendations throughout the industry. Always had a nice looking booth at GoogleNext.
$ZM. Zoom was the only video conf tool at work which I had a good time using. Adoption had blown up pre-COVID already in the tech world, and post-COVID, they somehow became a noun. "Zoom parties" and "Zoom dates" somehow became a thing interwoven into peoples' day to day lives.
$TWLO. Twilio sells APIs which allow applications to send messages like text, voice, and video chat. For example, when DoorDash sends you a text at 1 AM reminding you that your bad decision has arrived, that text is powered by Twilio. In March, New York announced that they were going to use Twilio to send SMS notifs for COVID contact tracing.
$NET/$FSTY. These two two seem like the ones best poised for growth in the CDN space. This is based off of industry exposure and chatting with people who work in DevOps.
$DOCU. people aren't going to office to sign stuff, super easy to use, I like their product.
$WMT. eComm, streaming, and a very substantial engineering investment makes me think they have room to grow. Also I really need to diversify.
$COST. When is the last time you heard someone say "Man I hate going to Costco and paying $1.50 for a hotdog and soda?" Diversification. Also cheap hotdogs.
$NVDA/AMD. GPUs are the present and the future. Not only are they used for video games, but Machine Learning now uses GPU instead of CPU to do compute (Tensorflow for example). Crypto is still a thing as well, and there will always been a constant need for GPUs.
Mutual funds/ETFs 1. $FSCSX. MF which focuses on FinTech.
$VTSAX Pretty much moves with the SP500.
$WCLD. Holdings include Salesforce, Workday, Zuora, Atlassian, Okta, New Relic, Fastly...
Titanvest: I was an early access user, and I was able to secure 0% fees for my accout. 36% gains so far. I like them, because their portfolio happens to include shares of tech giants that I either don't have individual stocks for or my stake is low (CRM, PPYL). It nicely complements my existing portfolio.
Some things I do that that are against the grain:
Not really diversified. 80% is in tech. They are in very different sectors of tech, but the truth is, when tech falls, all of these companies fall. I'm obviously long tech and I do not believe that tech will fall anytime soon. What about the dot com bubble? There wasn't a single dot com company that was integral in our lives. The internet was in its infancy then. Techonology is now such an interwoven part of our lives and I see companies like Apple, Amazon, Google to be sticking around for several generations.
I don't read investing articles. I think people who write articles about a stock all have ulterior motives-- to pump or to dump. Case in point-- Citron Research spent years writing articles telling people how SHOP was overvalued. Why did they do that? Because they were shorters at the time. I turned 5k into 27k, because I held on to most of my SHOP shares.
I don't take much value from balance sheets, other than net loss, income, YoY growth. Instead, I use my business acumen to try to pick up on info that isn't super apparent from Google. For example, one thing I always do is that I look at the career page to see how the business is growing. Increase on marketing/sales/implementation engineers is typically a solid sign that a company is preparing headcount to take new deals in the upcoming quarters. I look at the product road map, supported integrations, and customer base.
One example was how I applied the above principle was to WalMart. In 2018 I noticed that I was getting targeted by a lot of Data engineering job listing for WalMartLabs-- WarMart's tech division. The role was to build out a big data pipeline to support their eCommerce platform. WalMart's online store released in Q3 of 2019. Post COVID, I used their online store and it was a seamless experience. They even offer a 5% cash back card like Amazon. They reported strong Q4 sales last year, and they did very well post COVID. Why did I choose to invest in $WMT? Because I believe that Wal-Mart has room to grow for their online platform. Lastly... remember that wealth isn't accrued over time. It takes years to build. The quickest way to increase your wealth is by investing in yourself-- your career and earning potential. The sooner my income increased, the quicker I had more capital to buy into stocks. Also, if you've gotten this far, the point of my post isn't to say that you should invest into tech. The message I'm trying to get across is-- when picking companies, pick companies in fields or verticals you have good knowledge in. Heed Buffet's advice to only pick companies you believe in and understand. Play to your strengths, don't mindless toss money based on one person's posts on Reddit-- always do your own due diligence. Use DD as a guide and use personal research and experience to drive your decision.
Hi guys, I've been seriously considering stop using crypto .com since they merged both cro and mco. So I'm looking for the best exchange platform and it seems that, from what I've read, binance doesn't charge any fees for withdrawals, only 0.1% in trades. Is that correct?
You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments. It all started with the release of the release of Satoshi Nakamoto's whitepaper however that will probably go over the head of most readers so we recommend the following videos for a good starting point for understanding how bitcoin works and a little about its long term potential:
Limited Supply - There will only ever be 21,000,000 bitcoins created and they are issued in a predictable fashion, you can view the inflation schedule here. Once they are all issued Bitcoin will be truly deflationary. The halving countdown can be found here.
Open source - Bitcoin code is fully auditable. You can read the source code yourself here.
Accountable - The public ledger is transparent, all transactions are seen by everyone.
Decentralized - Bitcoin is globally distributed across thousands of nodes with no single point of failure and as such can't be shut down similar to how Bittorrent works. You can even run a node on a Raspberry Pi.
Censorship resistant - No one can prevent you from interacting with the bitcoin network and no one can censor, alter or block transactions that they disagree with, see Operation Chokepoint.
Push system - There are no chargebacks in bitcoin because only the person who owns the address where the bitcoins reside has the authority to move them.
Low fee scaling - On chain transaction fees depend on network demand and how much priority you wish to assign to the transaction. Most wallets calculate on chain fees automatically but you can view current fees here and mempool activity here. On chain fees may rise occasionally due to network demand, however instant micropayments that do not require confirmations are happening via the Lightning Network, a second layer scaling solution currently rolling out on the Bitcoin mainnet.
Borderless - No country can stop it from going in/out, even in areas currently unserved by traditional banking as the ledger is globally distributed.
Portable - Bitcoins are digital so they are easier to move than cash or gold. They can even be transported by simply memorizing a string of words for wallet recovery (while cool this method is generally not recommended due to potential for insecure key generation by inexperienced users. Hardware wallets are the preferred method for new users due to ease of use and additional security).
Bitcoin.org and BuyBitcoinWorldwide.com are helpful sites for beginners. You can buy or sell any amount of bitcoin (even just a few dollars worth) and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also check out the bitcoinity exchange resources for a larger list of options for purchases.
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Bitwage. Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Preev is a useful site that that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".
Securing your bitcoins
With bitcoin you can "Be your own bank" and personally secure your bitcoins OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
If you prefer to "Be your own bank" and have direct control over your coins without having to use a trusted third party, then you will need to create your own wallet and keep it secure. If you want easy and secure storage without having to learn computer security best practices, then a hardware wallet such as the Trezor, Ledger or ColdCard is recommended. Alternatively there are many software wallet options to choose from here depending on your use case.
If you prefer to let third party "Bitcoin banks" manage your coins, try Gemini but be aware you may not be in control of your private keys in which case you would have to ask permission to access your funds and be exposed to third party risk.
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email! 2FA requires a second confirmation code to access your account making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
As mentioned above, Bitcoin is decentralized, which by definition means there is no official website or Twitter handle or spokesperson or CEO. However, all money attracts thieves. This combination unfortunately results in scammers running official sounding names or pretending to be an authority on YouTube or social media. Many scammers throughout the years have claimed to be the inventor of Bitcoin. Websites like bitcoin(dot)com and the btc subreddit are active scams. Almost all altcoins (shitcoins) are marketed heavily with big promises but are really just designed to separate you from your bitcoin. So be careful: any resource, including all linked in this document, may in the future turn evil. Don't trust, verify. Also as they say in our community "Not your keys, not your coins".
Where can I spend bitcoins?
Check out spendabit or bitcoin directory for millions of merchant options. Also you can spend bitcoin anywhere visa is accepted with bitcoin debit cards such as the CashApp card. Some other useful site are listed below.
Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out. If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. If you would prefer to keep it simple there are several good options. You can view the global node distribution here.
Just like any other form of money, you can also earn bitcoins by being paid to do a job.
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins.
The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.
One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
one bitcoin is equal to 100 million satoshis
1,000 per bitcoin
used as default unit in recent Electrum wallet releases
1,000,000 per bitcoin
colloquial "slang" term for microbitcoin (μBTC)
100,000,000 per bitcoin
smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $10000 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki. Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit. Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval. Welcome to the Bitcoin community and the new decentralized economy!
Crypto.com Exchange to Exit Public Beta: Bitcoin at 50% OFF with a $2,000,000 USD allocation for CRO stakers on the Crypto.com Exchange
https://i.redd.it/o9zk7w89lrg51.gif We are excited to announce that the Crypto.com Exchange will exit public beta on 8 September 2020. Crypto.com Exchange was launched last November in private beta and opened to the public a month after. Users are able to trade digital assets on one of the most liquid and secure platforms in the market through its web interface, trading API, and Crypto.com App with low fees for both individual and corporate customers. The Exchange will progressively launch in all markets where Crypto.com App is available. To celebrate this milestone, Crypto.com is pleased to present another Bitcoin Syndicate Special, featuring BTC at 50% off with USD$2M allocation. This event will commence on Tuesday, 8 September 2020, 6AM UTC on the Crypto.com Exchange, so don’t miss out - sign up now if you haven’t registered for the Exchange! Stake a minimum of 5,000 CRO on the Exchange and trade at least $5,000 USD worth of volume in the past 30 days on the Exchange to subscribe. We are also giving away $50,000 onTwitter- like, follow us and retweet! Rules of the giveaway here. Read the full blog for full details: https://blog.crypto.com/crypto-com-exchange-to-exit-public-beta-btc-syndicate-special/
The 4th way of algorithmic trading (Signal Processing)
Algorithmic trading types classified based on development perspectives: 1) Technical Analysis 2) Statistics and Probability 3) Machine Learning I took a different path which is not discussed widely in this subreddit. 4) Signal Processing I'm not a good storyteller, but this is my journey and advices for the beginners First, my background: - Electrical and Electronic engineer, - Software developer (20+ years) - Trader (5+ years) - Algorithmic trader (3+ years)
How I Found The Alpha:
Before algorithmic trading, I was somehow profitable tradeinvestor. Like most of you, when I began to algorithmic trading, I tried to find magic combination of technical indicators and parameters. Also I threw OHLCV and indicators data into the RNN for prediction. I saw that, even very simple strategies like famous moving average crossover is profitable under right market conditions with correct parameters. But you must watch it carefully and if you fell it is not working anymore, you must shut it down. It means you must be experienced trader to take care of your algorithm. I am a fulltime software developer, algorithmic trading was my side project also it became my hobby. I tried to learn everything about this industry. I watched and listened hundreds of hours of podcasts and videos in all my free time like commuting from home to work. These are the most useful to me: - Chat with traders: https://www.youtube.com/channel/UCdnzT5Tl6pAkATOiDsPhqcg - Top traders unplugged: https://www.youtube.com/usetoptraderslive - Ukspreadbetting: https://www.youtube.com/channel/UCnKPQUoCRb1Vu-qWwWituGQ Also I read plenty of academic papers, blog posts and this subreddit for inspiration. Inspiration came from my field, electronics. I will not give you much detail about it but I have developed a novel signal processing technique. It is a fast and natural technique which I couldn’t find any article or paper which mention this method. It can transform any interval price data into meaningful, tradable form. The best part is, it doesn't require any parameter and it adapts to changing market conditions intrinsically. These are the concepts that inspire me: - Information Theory: https://en.wikipedia.org/wiki/Information_theory - Signal Processing: https://en.wikipedia.org/wiki/Signal_processing - ADC: https://en.wikipedia.org/wiki/Analog-to-digital_converter
Output of the process can be used to develop endless type of profitable strategies. I made some money with different momentum based strategies while thinking about how I can use this technique more efficiently. I like to combine different fields. I think trading and life itself have many things in common. So beside general trading concepts, I think that I can try to implement concepts of the life. Also because of the parameterless design, it's more like a decision making process than an optimization problem. I searched proverbs and advices for better decision making. I handled them one by one and thought how I could implement them in a unified strategy while preserving the parameterless design. In time, this process was significantly improved stability and reliability while it was evolving from momentum to mean reversion. These are some proverbs which I use them at various aspects of the algorithm:
- “The bamboo that bends is stronger than the oak that resists.” (Japanese proverb) - "When the rainwater rises and descends down to where you want to cross, wait until it settles." (Sun-Tzu) - "If you do not expect the unexpected you will not find it, for it is not to be reached by search or trail" (Heraclitus)
If you wonder how I implement them in the code, think about the last one; how do you define the unexpected, how to wait for it and how to prepare your algorithm to generate profit. By the way, I strongly recommend: The Art of War (Sun-Tzu)
I have plenty of ideas waiting to be tested and problems that need to be solved. Nevertheless these are the some of the backtest results, for the time being: Crypto: - Market fee and spread are considered, slippage is not. - For multiple assets testing; Survivorship bias was attempted to be eliminated using historical market rank of the assets. Data is acquired from coinmarketcap.com weekly report. ETH / BTC BNB / BTC Binance Historical Top 100 / BTC Other Markets: My main focus is crypto trading. But all the improvements are cross checked in different markets and intervals and validated empirically and logically. It can’t beat every asset and every interval but it tends to work profitably across them. https://preview.redd.it/l865fw6mjfd51.png?width=900&format=png&auto=webp&s=ff217d35637b41e26db8d7cfc3df14c3fb7ec14e Live: The algorithm is running live for over 1.5 years with evolving strategies I mention before. The last one is running for months.
Warnings and Advices:
- Bugs: A few months ago, before bedtime, I released new version for fixing small cosmetic bug and gone to sleep. When I woke up, I saw that nearly 40% of my account wiped out in a few hours. Instead of live settings, I published test settings. It was very painful. I have been coding since childhood, so everyone must be careful. I recommend, implement hard limit for stopping the algorithm. - Fully Automatic Strategy: Finding an edge is not enough. If you need fully automated trading system, you need a portfolio manager (a lot of research is going on at this field) and especially an asset selector mechanism which is maybe more important than the edge itself. If your algorithm is not be able to select which assets to trade, you must select manually. It's not an easy task and it's prone to error. I was very lucky with that: A mechanism already contained in the algorithm was used to rank and select the assets based on their momentums. - Fee-Spread: Because of the market fee and spread, trading is a negative sum game. Do not ignore it when backtesting your algorithm. - Slippage: It's really a problem for low volume assets like penny stocks and lower market cap crypto currencies. Stay away from them or play with small capital or find a way to determine how much money you can use. - Latency: Don’t think it's a HFT only problem. If your algorithm synchronize multiple assets data from the market and run calculations before sending order back to the market, you lose significant amount of time. This usually causes losses that you have not considered before, especially in a volatile environment. Also if you want to develop realtime strategy, you must seriously consider what you will do in downtime. - Datasource: This is the most important part for preparation before developing you strategy. If you don’t have good, reliable data; you cannot develop a good strategy. For free data for various market; I suggest investing.com, but you should consider that volume data is not provided. For crypto, all of the exchanges provide their real data for any asset and any interval, you can use them freely. Also you can buy data , especially if you want intraday data, but I can't suggest any because I never tested them. - Biases: Before developing algorithm, please take a look at and understand the common biases like: Survivorship bias, Look-ahead bias, Time period bias. Or you can be sure that you will face them when you go live. - Live trading: When you think your algorithm can make money, don’t wait till perfection. Go live as soon as possible with small capital to wake up from your dreams and face with the facts early. - Psychology: If your education is based on STEM and you don’t have trading experience, it’s not easy in the real world to swallow all those ups and downs that you see in minutes during backtest. It can affect your mood and your life much more than you think. I suggest, work with a professional trader or only invest what you can really afford to lose.
After over 3 years of journey, I have a profitable algorithm that I trust. I was supposed to lie on the beach and drink beer while my algorithm printing money. But I am consistently checking it’s health and I have always things to do like all software development projects. I posted some of the backtest results, but I don’t know are they considered P/L Porn or not. If so, I can remove it. Sorry about mysterious parts of this post. I removed some parts unwillingly before posting, but there is really a thin line between giving away your edge freely (also it means loosing it) and inspiring people to find their own way.
“Non est ad astra mollis e terris via" - Seneca
For those engineers and EE students who are bombing my inbox for guessing what I did; I can not write all of you in private, also I want to explain it publicly. I must say, you are on the wrong way. If I open sourced the signal processing part, probably it doesnt mean anything to you and you can not turn it into a profitable algorithm. I have to clarify that; before I developed the technique, I knew what I am looking for exactly. Signal processing is not magically trading the market, I am trading the market. it's just a tool to do what is in my mind near perfectly. Also proverbs are the way of thinking. I read them and think if it means anything for trading. Lastly watch the Kung Fu Panda :) https://www.youtube.com/watch?v=rHvCQEr_ETk
What's stopping everyone from swing trading DAI for massive profit?
Every day I see DAI fluctuate between $0.95 and $1.10. I'm thinking about just starting to swing trade it, buy in around $1, sell around $1.10, for around 10% profit every time. Seriously this coin seems like the easiest way to make money I've ever seen, I must be missing something, what is it?? Edit: I'm not sure where you guys are getting your prices, on every exchange I've checked, just in the last 24hrs the price on DAI has fluctuated from $0.99 to $1.08
10altcoins is the most advanced cryptocurrency exchange
Hello Reddit. I would like to share information about a high-quality and safe crypto-exchange. Exchange with extra low fees, keep all your profit. Project has the Current world's fastest trade engine capable of 75,000 transactions per second. Asset funds are kept in our cold storage custody solution preventing any malicious hacks. State of the art infrastructure with SHA-384 layer encryption and multi server cross-referencing. Reliable 100% up-time with around the clock account access to all asset trading and balances. 10altcoins.com
Why Geyser is Bad, liquidity pools are unintuitive, and you should hodl...
Alright folks, I am going to drop some information here that alot of people will find unintuitive. You might even get mad. You might even think its a sham... at least until you try it with a test account yourself. So, you are an active trader. You like getting tendies, and you are willing to swing trade the rebases. You read the ampleforth paper, and you know what you are getting into... right? Not a chance bro. The ampleforth paper made a pretty big assumption. They assumed that most of the trades would be executed on an order book. NOT against a liquidity pool with an automated market making algorithm like uniswap. That makes a world of difference. I made a post here about how the rebasing occurs on liquidity pools: https://www.reddit.com/AmpleforthCrypto/comments/hyqnmv/the_hidden_rebase_problembased/?utm_source=share&utm_medium=web2x Basically, you cannot beat the liquidity pool because it will outspeed you every time. So the first assumption that ampleforth makes that fast traders have an advantage is GONE when liquidity pools enter the equation. Secondly, the uniswap price depends upon oracles, and because uniswap has beat the rest of the market to the real price, ALL price actions elsewhere will have an outsized effect on uniswap. Specifically, they will have double impact. Worse yet, the websites looking at uniswap prices like coingecko are not live, and as a result, people never see how low its really going until the look to execute a trade on uniswap. So, the other day, I had 2.4*X eth. Now, I have 1.9*x eth a day later. I would have done well to sell before the rebase, and buy in afterwards. But, you can't see this on any of the major charts because suprise.... uniswap doesn't export data to trading view. But is this true for all rebases? Not really. There are rebases that are safe to catch, but there are also rebases that are unsafe to catch. As a trader, its your job to figure out which is which. Today's rebase was safe. Yesterdays rebase was not. Next up... GEYSER. Geyser is not profitable, and here is why. Over the course of a day, you will make .01-.02% of your value in geyser drops. However, you had to give up both 50% of your rebase coins, which is 5% of lost value. The ONLY time geyser is more profitable than hodling is if the rebase is going to give you less than double what the geyser drop would have given you. The only time it makes sense to be in the liquidity pool is when you think ample is going to be trending down or flat. This means locking/unlocking your stake and unless you got over 20k ampl the gas fees will eat you alive faster than you generate geyser profits. TLDR: If you are on uniswap the optimal strategy during the downturns is to sell all ample for eth. During consolidation, if you are a whale, you geyser. If you are a minnow, you hodl. During upswings you hodl. During rebases, you evaluate if the market is overpriced if its overpriced, you sell for eth, and rebuy after the 30-40% crash. If the market is oversold, you hodl your ampl. This is the way.
Others have incredibly low fees, such as BTC at just 0.0005, LTC at just 0.001, and ETH at just 0.01. It is important to note that almost ninety percent of the total trading fees are returned to users in one way or another, with Kucoin retaining only 10 percent of trading service fees. Besides its extremely low trading fees, StormGain also benefits from several features that make it an attractive alternative to other platforms — particularly for lower volume and new cryptocurrency traders. One of these features is trading with multipliers, allowing traders to multiply their exposure to the market. If you are a crypto scalper or high-frequency trader, then BLADE exchange's zero-trading fees will allow you to enter and exit trades, using high leverage to make profits on slight price fluctuations with low costs (e.g. no trading fees). Related: Blade Exchange Review – Bitcoin, Trading Crypto & Fees Trading fees can be very high at some cryptocurrency exchanges, with 0.50% on trades being quite common. There are, however, a number of cryptocurrency exchanges that are far more generous. PrimeXBT is an award-winning trading platform that allows you to trade global markets including Crypto, Commodities, Indices, and Forex. Benefit from advanced trading tools, low fees, and instant order execution!
How Buy Cryptocurrency Quickly with Low Fees Using GDAX
Thanks for watching this video! In this video I giveaway free bitcoin and briefly discuss how to lower bitcoin fees when sending bitcoin. See the Bitconnect ... Watch for the secret to eliminating all fees when buying and selling cryptocurrency on GDAX. Zero Fees total. That is right, you can buy Bitcoin and Ethereum... Today I tell you about my Top 3 low fees cryptocurrency exchanges in 2020. These are way better than coinbase and have a lot more to offer and the fees are a... As Crypto become a bigger part of our company in terms of payouts, I applied my trading strategies to the Crypto market and was able to consistently growing our Fund. The Crypto Dad shows you how to buy Cryptocurrency quickly with low fees using GDAX. ... Everything You Need To Know About GDAX Plus Trading Tips - Duration: 29:18. MrSotko News 42,403 views.