For those switching to Livecoin for 42 trade: check which wallets are online before making a deposit to start trading. I will post when i get an answer from support about the deposit and wallet status. Little remark: EOS wallet offline for a week or more now. Rest seems fine.

Wow!!!

The Cryptopia attack has been resumed -- same hackers.

And this means our strategy is good: forget about Topia for now, and focus on everything else.

Great report, Ucicha.

EDIT: got a tiny bit of 42 onto Live Coin. Really looking forward to seeing how it goes.



EDIT EDIT: I am slowly getting up to speed:

Nova? Will report later this week.

XBTS: I have a pinch of Bitcoin on it. We actually half a half a dozen pairs on XBTS -- but no volume at all. Let's stick with BTC-42.

Live Coin: I have my 2FA set up, and a little Bitcoin and 42 in orders. Don't forget, camper, there's a ETH-42 pair here.

Which ones are insured? I didn't know there was such a thing.

Heck. Call me old school: don't store coin on exchanges

Hi,

just wanted to write something since i see it as a positive thing all together. So i have been using Livecoin and one of the deposits was slow on coming to my balance. So i opened a ticket on Livecoin, and 1) got a response almost immediately and 2) it was sorted by the technical team in some 5 minutes. I must say it was a pleasant experience.

it might seem like im only promoting Livecoin, but i would like to assure you that is not the case. Cryptopia went down, so i switched with all reservations possible since i have always thought of Livecoin as "scammy" due to the "lacking in professionalism of the home page because of the blonde haired guy pointing nowhere". So i did the transition step by step and it was great since the confirmations for deposits are only 8x, and Lasergun doing a great job making the funds available for PC wallets pretty much on the first 1-2 confirmations.

now i am glad i did it while the price is still so low

Morning, Ucicha.

Been discussing trading with several devs. Wanna make my position clear:

pump and dump damages coins. Wash trading damages coins. In the long run.

But the diligent 'core' members of a community can and should 'make the market' on as many exchanges as they reasonably can. It's good for the coin. It's good for those market-makers.

And now you understand my interest in p2p trades: over time, that 'core' can create a sorta OTC thang, making considerable chunks of coin available at 'wholesale' prices -- don't laugh, IndiaMikeZulu has successfully done this.

I have been thinking of running a Trading 42 101. I have a bunch of notes I wrote for a guy on Telegram.

Most everyone on Planet Krypto is looking for a fast buck. But the steady money -- a lifetime as a trader -- lies in patience, particularly for a crypto like 42. Ask me to explain what 'hoovering' is!

Magnificent summer morning here -- got mustangs nearby.

I see we keep getting more members in our community, but I also see most of the new members are quite new to the whole crypto world, same as me, so I have decided to write something as a heads up from my short but intensive experience.

1. Use simple trading methods in the beginning.

Brief explanation of how to trade:
Buying: 42-coin price is going down (you get that info on coinmarketcap/ looking at exchanges)
a) you pick a currency (USD/BTC/ETH/etc.), and you "position" your BUY order close to the price it is at (example: 42 coin is dropping to 2BTC in price, you place your BUY order at, lets say at 1.95BTC)
b) and now you wait until it fills a.k.a. you BUY the coin

Selling: 42-coin price is going up (you get that info on coinmarketcap/ looking at exchanges)
a) you take some 42-coins you own, and you "position" your SELL order close to the price it is at (example: 42 coin is going up to 6BTC in price, you place your SELL order at, lets say  5.95BTC)
b) and now you wait until it fills a.k.a. you SELL the coin

2. When moving funds from wallet (and you should ALWAYS keep the majority of your funds in a "cold"/paper wallet, desktop wallet, AND it should be BACKED UP) make sure the network is up and the wallets are up on the exchange ( and NOT in maintenance mode or offline). Neglecting this could result in loss of your funds.
a) keep funds in a safe place (backed up on a USB stick or something else)

3. Test exchanges with a small transaction first. Since you can transfer very small amounts from your desktop wallet, do a small 0.00000050-0.00000100 42 coins transaction first and wait until it gets deposited.

4. Check the wallet and network status on the EXCHANGE. If its offline or in maintenance mode, wait for wallet status online, and only then proceed, again with a small test transaction first

5. Join all the communities. Telegram, Discord, forums, and participate