No, I meant your condescending arrogance which, mixed with the right amount of ignorance, may indeed be triggering. But it’s been an unpleasant enough exchange of thoughts so far that I think I can resist from now on.
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To me it actually seems that you have problems with people taking a critical stance on your way of thinking. Nevermind. #arrogant
You will have to be a very good daytrader, to become one of the lucky 1%. From Quora:
"Though only about 1% of all day traders are able to predictably profit net of fees. "
Source: https://www.quora.com/What-percentage-of-Forex-traders-make-money-in-the-long-run
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On a second thought (which is a lie, because I keep coming back to the idea, because that’s how my previous, not very successful, bot was working), I may indeed place crazy OTM limit orders, just in case there is a huuuuge spike and I can close a trade on them… Is that what you meant maybe?
But then comes the question: what if a trend would still go on after I’m out because of the one-time spike? But then again, those huge orders usually (?) signal the end of a trend anyway… I’ll try to be not too religious about either side; I’ll just test if it works.
Yes, that’s what I meant. And I would use stop losses in every market, both trending down and trending up. Trailing stop losses even. But crypto can be very volatile, so it’s quite hard to determine what to use: A fixed amount, or fixed percentage, and then what amount or percentage.
By the way, I’m one of that huge group that stops with daytrading after a while. It was fun but not very productive. Meaning, made profits, but more losses. Now I buy and wait till I am happy based on guts feeling. Like I did with Ethereum recently. After buying 4,000 Ethereum at the crowdsale I sold them only in March when price was 55 fold. After that it went to 75 fold but I never looked back. 
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Then I do agree it’s highly relevant 
I absolutely agree. Stop losses are the means to limit your losses (thus skewing the P/L distribution and get rid of the right left tail) and trailing stops are the means (or one among the means) to avoid losing profits.
As for the volatility problem, it’s usually suggested to size your positions based on the volatility (measured by ATR or std dev; 2x the volatility => 1/2 the amount) and then place your stop away from the current price by multiples (e.g. 2x or 3x) of the current volatility. After you normalized your markets this way, you can treat them the same no matter their volatility.
Yea, I stopped, too. I was trying this, trying that, but somehow I ended up making all the bad decisions; at least now I’m painfully aware how little I can depend on my judgment 
As I wrote above, I’m building a thing that will do it for me, devoid of emotions and biases; that’s the only way I can imagine ever making a buck on this thing. But it’s good; I’m not in it for the excitement of the trading, I just wanna make a living.
Calling short term trades on Polo “day trading” may be correct in the literal sense, but if you consider the average Polo volatility, where an average day’s changes can amount to years on the forex market, I’m not sure the term with its connotations truly applies to it. Trying to do HFT on Polo is what you could compare to day trading in the “real world.” EDIT: We have legitimate few-hour trends on Polo, with tens of percents of changes at times. Following such a trend is by no means “day trading.”
Humans work on a single time frame though (a day is a day), so I would no longer attempt to do “day trading” on Polo personally; that’s what bots are for.
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I think trading crypto is not to be compared to a normal market at all, stop losses are always a good option, just not on every coin, cause some have such a small buyorder amount for example Factom that someone from the ico can just dump into your stoploss and the price will be back in minutes.
So my tactic is looking for coins that brings something innovative and try buy them as early as possible, that way i made x10 on Ethereum, x10 on Lisk, x3 on Factom and i think in the Future Maid will go x10 aswell.
But i dont trade coins like doge, litecoin that offer nothing new so far thats doing great for me,
Daytrading in crypto is just to dangerous cause a coin can go -25% without any reason or cause the rise of btc. Same counts for TA , some might work but the more advance wont work yet on altcoins cause no1 is actually watching them i think 90% on poloniex doesnt know what fibbernaci retracement, Rsi, Macd even means.
But im huge into Maid simply cause i like it a lot, And what if we could invest in early internet would you do it?
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And i also got a lesson now how to lose 10k in one day.
When you announce something like this, it sure will cause panic before you even sold just one coin, making it double disadvantage, Less selling fund for development (cause they also lost 30% value in one day of there 19 million coins)
They should have tryed selling those coins against a small discount to people willing to hold till launch and only release this coins at launch this way the hype will absorb the coins without any problem. Just make new tokens for those 19 million coins.
You have only lost it when you sell at the lower price. Don’t worry, it will go up again or do you really think it is gonna stay that cheap?
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There’s literally nothing to support this argument.
Yes, most of the time it works.
The one time it does not, you lose it all.
I agree on both, its a undervalued coin IF they launch everything fine.
Till then i really dont know, more the rule like never invest more then you can lose right.
Also i wanna know like people start using tokens for dapps wont that decrease the Maidsafe coin value? Pdc token for example.
Very true, and not easy (or possible, necessarily) to work around.
On Polo every day is a market crash somewhere
First tests show stuff still stays profitable though…
My main reason to buy a bunch of them when I can afford.
Well yeah I guess you are right for the most part. I did not really think about it and I also am biased since I am almost in the same boat as @Bacobob I put my money on the broken downward trend and I really thought the trend could change. I still think it could and will. The announcement just pushed it back a little …
Price will fall a lot more in the short term unfortunately but for the best in long run
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As I see, it was about choosing honesty over greed, and I respect that. Transparency may bring some financial loss now, but it lends a lot of credibility for the future.
For the record: I do believe in this thing; I’m sure it will succeed, and I’m sure safecoin will be comparable to the current bitcoin. But, the operative word here is: “believe”
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Yea looks like it there starting to form a huge sell wall at poloniex, many will lose quite some bucks ofcourse only if they sell.
It’s probably been discussed already but I wonder why private funding from pre-selling some of the foundations future 5% safecoin isn’t an option?
It belongs to the foundation and does not yet exist. After safecoin launch it will, for now though it does not. The foundation is not MaidSafe, it has specific “charitable models” specifically Education and Innovation. We can apply to them when they have cash, but not guaranteed we would succeed. I figure we would make a great case, but they are working mostly in education in schools (fab labs) and more. As they get cash it will be in their interests for the project to move forward but they need to be very stringent about charity rules and we get no pass there.
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Thanks for explaining - makes sense. How about crowd funding some of the future profitable apps that will be written for the network as separate entities? They could have a pre-planned agreement for a percentage of funds raised to be allocated towards continuous maidsafe development. I’m sure most people would be fine with those conditions considering you folks are the masterminds behind maidsafe in the first place - it’s your baby after all!
Edit: to answer my own question now I’ve had a chance to read up properly! From the blog announcement directly:
"With development progress now plain to see, we have been turning our attention to raising additional funding in recent months. We have explored and continue to proceed with a couple of avenues that include EU Research funding and both institutional (.i.e. venture capital) and crowd equity investment . While we do see the potential value of finding the right institutional partner who can also bring technology partners to the table, economic uncertainty is reaching the venture capital markets resulting in lower company valuations and slower deal cycles.
With all this taken into account we believe it makes better sense for the community as a whole for MaidSafe to use a funding source that is close at hand, and one that keeps MaidSafe completely independent, with the ability to freely negotiate with the correct partners as we progress the launch of the network."