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Author Topic: Shark Report - sharktales and other musings  (Read 29188 times)

jl777

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Ever wanted to get 1% of a promising new coin for free AFTER it starts trading and proves its popularity?

This shark did with MRO :)

Well not exactly for free, but when i saw the mania building, I accumulated 1%, but it cost 40 btc or so. Thats not free, but that's just the beginning. Having seen the mania pattern enough times, it was clear MRO was going to go up fast and come down fast, then bounce around, consolidate and gradually rise or decay to nothing. The problem is when to jump off, have to keep a really close eye on the price movement! Better a bit too early than a bit too late.

So, I was waiting for the right moment and if you look at https://www.poloniex.com/exchange/btc_mro right before 11:45 on the chart you will see a big drop. selling 1% quickly does that. Now I could have probably gotten more, but I had banked ~20BTC of profits (turned out it was a bit less, so thats a little mistake) and when MRO reached half of DRK it was just way too expensive. I knew that by taking less and dropping the price so rapidly, it would really mess up the moving average charts. This I knew would signal all the technical traders to change from accumulate to sell. There was a little bounce, but on low volume.

At that point I was pretty convinced that the price will slowly decay and so I setup a whole slew of buys at lower and lower prices so that if it ever dropped to the price it was trading at before the pump, I would end up with 1%. Total cost ~20BTC! So far 0.75% of MRO accumulated so now the shark has a nice bite of an interesting new crypto with very little exposure. Will MRO ever get back to where it was? I have no idea. If it gets a user base it has a chance of surviving and growing, but it is such an early coin doesnt even have a wallet yet. So its reaching half a DRK so soon was clearly a mania. Now all the MRO money seems to have gone into DRK. I didnt think that obvious development through, so my swapping DRK for NXT at 175 to 1 was another small mistake

My style is to take a smaller gain to lock in profits than to try to make each trade double or triple. Ride the trend and as soon as it looks like it is weaking, jump off. You make about half of what you could, but you eliminate 90% of the risk. A bunch of small gains adds up to nice long term growth. At least that is my short term strategy. If I can get 1% of a promising coin for "free" then it could end up being silly like DUCK (I did manage to bail with a small profit) or a homerun like DRK. For NXT, I had to work insane hours for 6 months, but it has been well worth it!

Now that the market is digesting the arrival of DRK to the major leagues and BTC reversing the downtrend, not sure when the shark will bite next. I did warn the poloniex trollbox MRO was headed for a fall. They just called me a troll.

With DRK above the 200:1 ratio against NXT, it seems clear that anytime it goes below 100 is a good time to accumulate DRK.

James

P.S. If I am personally responsible for ending the MRO mania, well I did warn about investing in any crypto other than NXT
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xcn

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Wow, pro trading course for FREE!!! ;)

bitcoinpaul

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I like my sharkfund.
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jl777

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Another day, another big event in cryptoland. Never boring, thats for sure!
ripple's founder is selling 9 billion XRP, thats more than all the XRP ever given away or sold and orders of magnitude more than the daily trading volume of XRP.
Unfortunately I had a bunch of XRP from my mining days in my personal acct. Liquitated it all, as this is a fundamental change and will force ripplelabs to deplete their capital base to privately purchase the XRP. Anything else leads to the end of XRP.
corporations being what they are usually find a way to survive, so lets assume there is a private sale.
ripplelabs has increased headcount significantly and they have a large burn rate so with an unexpected capital depletion, I expect the brighter employees to start job hunting
within a few months the only people left developing ripple tech will be the ones that nobody else wanted to hire
also, nobody develops ripple stuff unless it is their 9to5 job.

From NXT perspective, this is another potential rival that is in the emunie category, eg. not a factor anymore. When etherium announces delays in getting their system deployed due to unforseen bugs, it will give NXT that much more time to solidify its place as the only second gen game in town. Well,ok, there is XCP and mastercoin, but they are on a 10 minute clock.

Who here who has used AE would like to switch to the bitcoin blockchain? Anybody? come one average of 10 minutes and the occasional one hour delay, how bad could that be? A showstopper you say? I think the slow blockchain is fine for selling stuff like real estate, and non-time sensitive items.

With the 51% LTC pool, the market is shifting out of the pure clones to enhanced clones, like DRK, but even sleepers like ANC is up +20% today, along with XCP +24% and MRO seems to have found the bottom. Coincidentally right about where I got back in. So the major altholdings of sharkfund are up across the board, but this type of change goes up one day, down the other day. Nothing to get too excited over

Nothing for the shark to do today, so he will go back to sleep and let James do some coding

The Shark

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bitcoinpaul

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apropos emunie. searching for additional devs.

Quote
Maybe we should take a look at some of the NXT guys. I know... I know this idea sounds weird and there are certain risks but they seems to be good and they have the necessary skills and experience.

 ;D
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Stadtfeger

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please not too much risk  ;)
I would hope someone could translate it into German :)

can not you still learn German so between your work: D

bitcoinpaul

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please not too much risk  ;)
I would hope someone could translate it into German :)

can not you still learn German so between your work: D

come on, james. 28 hours a day. there are some hours left for a new language.
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Stadtfeger

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please not too much risk  ;)
I would hope someone could translate it into German :)

can not you still learn German so between your work: D

come on, james. 28 hours a day. there are some hours left for a new language.

my words :D

jl777

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please not too much risk  ;)
I would hope someone could translate it into German :)

can not you still learn German so between your work: D
OK, I downloaded the German module. How is this?


****
Ein anderer Tag, eine andere große Veranstaltung in cryptoland . Nie langweilig , das ist sicher!
Ripple -Gründer verkauft XRP 9000 Milliarden , das ist mehr als alle XRP jemals verschenkt oder verkauft und Größenordnungen mehr als die tägliche Handelsvolumen der XRP .
Leider hatte ich ein paar Bergbau XRP aus meiner Zeit in meinem persönlichen Direktorat . Liquitated alles , denn dies ist eine grundlegende Änderung und Will ripplelabs Kraft, um ihre Kapitalbasis zu führen , um den Kauf der privat XRP . Alles andere führt zum Ende der XRP .
Unternehmen sein, was sie sind ein Weg, um zu überleben in der Regel , so können davon ausgehen, es ist ein Privatverkauf .
ripplelabs hat zugenommen und Mitarbeiterzahl deutlich Sie haben eine große Brenngeschwindigkeit so mit einem unerwarteten Kapitalverzehrs , erwarte ich, desto heller eingesetzt, um die Jobsuche starten
Innerhalb weniger Monate die einzigen Menschen verließen Entwicklung Welligkeit Tech das sein wird das diejenigen, die sonst niemand wollte mieten
ALSO , entwickelt niemand Welligkeit Zeug sei denn, es ist Ihre 9to5 Job.

Von NXT Perspektive ist dies ein weiterer potentieller Rivale emunie Die ist in der Kategorie , z. B. . kein Faktor mehr. Wenn Etherium kündigt Verzögerungen bei ihrer entfalteten System aufgrund unvorhergesehener Fehler , wird es NXT , die viel mehr Zeit, um IKT als einzige zweite Gen-Spiel in der Stadt festigen aufgeben . Naja, ok, es ist XCP und mastercoin , sie sind Ziel Uhr war 10 Minuten.

Wer hier Wer hat AE verwendet Wollen Sie auf die Bitcoin blockchain wechseln ? Wer ? kommen, ein Durchschnitt von 10 Minuten und die gelegentliche einer Stunde Verspätung , wie schlimm kann das sein? Ein Showstopper sagen Sie? Ich denke, die langsam blockchain ist gut für Sachen wie den Verkauf von Immobilien, und nicht- zeitkritische Elemente.

Mit der 51% LTC Pool, ist der Markt von den reinen Klone Verschiebung zu mehr Klone , wie DRK , ungerade Ziel Schwellen wie ANC bis heute 20% , 24 % zusammen mit XCP und MRO scheint zu - haben den Boden gefunden. Zufällig recht Wo ich wieder in. Also die großen altholdings von sharkfund sind bis auf der ganzen Linie , diese Art von Veränderung geht , um eines Tages , nach dem zweiten Tag. Nichts zu über aufgeregt

Nichts für den Hai , heute tun, damit er wieder schlafen gehen und lassen James Do Einige Codierung

Die Shark
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bitcoinpaul

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Stadtfeger

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please not too much risk  ;)
I would hope someone could translate it into German :)

can not you still learn German so between your work: D
OK, I downloaded the German module. How is this?





Die Shark
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it's horrible, I book soon a english course  ;D

Die Shark ? I hope not  ;)

jl777

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Hard to concentrate while witnessing the collapse of ripple...
I tallied up latest balances

107.21 in BTC and 78.12 in BTC equivalents from various alts
185.33 BTC @ .000075 -> 2471066.66 NXT equivalent
1479137 actual NXT in trading accts (yes I accumulated all that between .000075 and .000078

Add the NXT and NXT equivalents to the NXT in NXTsharks acct 9708081  for a total of
13658284.66 NXT equivalent

10000 - 8655.838 sharkfund0 left -> 1344.162 assets bound -> asset value = 10161.1894

small gain from last time. I forgot last time to change bid from initial sale price. Since 75% of profits goes to sharkfund0 investors the bid should be three quarters from offering price to current asset value.

I calculate the bid at 10120.892

I will adjust the asset prices accordingly.

James
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voldemort628

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kodtycoon

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Hard to concentrate while witnessing the collapse of ripple...
I tallied up latest balances

107.21 in BTC and 78.12 in BTC equivalents from various alts
185.33 BTC @ .000075 -> 2471066.66 NXT equivalent
1479137 actual NXT in trading accts (yes I accumulated all that between .000075 and .000078

Add the NXT and NXT equivalents to the NXT in NXTsharks acct 9708081  for a total of
13658284.66 NXT equivalent

10000 - 8655.838 sharkfund0 left -> 1344.162 assets bound -> asset value = 10161.1894

small gain from last time. I forgot last time to change bid from initial sale price. Since 75% of profits goes to sharkfund0 investors the bid should be three quarters from offering price to current asset value.

I calculate the bid at 10120.892

I will adjust the asset prices accordingly.

James

*drools on keyboard*

rlh

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watching...
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@james,sharks is working now?
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jl777

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@james,sharks is working now?
We are not fully setup yet, but I am necessarily having to make some trades to adjust portfolio as there are big changes happening in the market
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frohlocke

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As sharkfund should not become a whale because it cannot bite and move so fast. Do you have a upper limit in mind?

jl777

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As sharkfund should not become a whale because it cannot bite and move so fast. Do you have a upper limit in mind?
Yes, the problem of size. I have no urgings to raise any more capital as it is already not easy to find enough market opportunities that make sense, there is a thing as overdiversifying

So, I am already limiting the number of sharkfund0 assets that are available. Now, having access to more capital is never a bad thing, so if somebody really wants to add a lot of NXT to the sharkfund, then I would have to consider it as that will allow a lot more liquidity on the buy side.

James
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jl777

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morning shark report
so many movements in the market!

I was able to convert my personal debt collateralized by my personal holdings of 10000 DRK and 12000 XCP into sharkfund0, so this means that all my crypto (other than XRP) is now in sharkfund0.

sharkfund0 has not and will not have any XRP, so no exposure there
The 0.5% of XCP holdings are up 50%+, the 1% of MRO is up 24% and MRO is now a top 20 coin
Even the long shot XC is back on its feet and appears at #38. So the shark holdings are all doing well today. I expect a pullback short term, but as long as they keep going up, I will hold them

The following are notable holdings (approx and subject to change)

~0.25% DRK #3
~1% NXT #6
~0.5% XCP #10
~1% MRO #19
~1.5% ANC #28
~1.5% XC #38

I will recalculate asset value tonight, until then I will remove the sell side as I am pretty sure the asset value has changed. The buy side will be there for people who need liquidity

James

P.S. The following are the details of the off exchange transfer at current market prices
10000 DRK @ .028 + 12000 XCP @ .00666 = 280 BTC + 80 BTC = 360 BTC
NXT/BTC @ .000067 -> 360 BTC =5373134.3 NXT / 10161.1894 = 528.7899
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