Gunbot v12 has launched!

It's Here! Gunbot v12 launches. Release the beast. Earn your Crypto. Get Brave.

Recently , Gunthar notified the Gunbot community of the timing for the pending release of Gunbot v12:

It's Here!  Gunbot v12 launches. Release the beast.  Earn your Crypto.  Get Brave.

On Sunday 3 of February, I will release Gunbot v12.8.1 Stable with Bitmex included.

V12 includes a special feature that will connect your Gunbot over the blockchain and verify your license without need of a reseller to change your API keys i.e. and more.

I will post detailed instructions about GUNTHY token, the way to get it, the way to get airdrops and how to use it with your Gunbot GUNTHY token deposits and withdrawals are already available at IDAX.pro exchange (one of the top10 exchanges at coinmarketcap)

https://idax.zendesk.com/hc/en-us/articles/360022680771-IDAX-will-open-GUNTHY-deposit-withdrawal-and-trading

IDAX.pro will open trading of GUNTHY on 11 of February 2019 at 5PM UTC+8
Happy trading!

We’ve all been waiting for this for a very long time.

Gunbot Version 12 brings *so* many new features. GBU LIVE featured Gunbot v12 in a recent subscriber-only webinar, where you can learn about it, see a demo, and more. Gunbot v12 looks fantastic, brings a ton of new functionality, and has been tested by hundreds of brave beta users.

Learn more:

"gunthy_wallet": "<your_gunthy_wallet_address_here>"

Do you want to EARN YOUR CRYPTO?

You can easily EARN YOUR CRYPTO by creating a free Affiliate account, requesting an Affiliate Share Code and then give them a special coupon made just for you.

Earn your crypto
  • Create free Affiliate account at gbu.run/affiliate
  • [optional] Request Affiliate Share code at gbu.run/sharecode
  • Point people to gbu.run/bachelorpack and have them use your coupon or referral code

Here’s what happens:

  • THEY get Gunbot Standard at 50% off
  • THEY get three (3) months of Bachelor service
  • THEY get FREE Bitmex license when it comes out.
  • THEY also get 5% off! (if they use your coupon code)
  • YOU get 10% referral bonus, paid in crypto
  • YOU get a free month of Bachelor, which you can use yourself or give to your friend

(Note: The person you refer can buy anything at Gunbot University – Gunbot Ultimate, Gunbot Pro, or whatever strikes their fancy, and they get 5% off and you get 10% bonus. It’s not just limited to the Bachelor pack)

Not sure how to use GUNTHY Token? Get Brave!

Learn. Earn. Don't Get Burned. Visit us at gbu.run/brave to learn about botting, trading and staying safe with crypto.

You can use most any ERC-20 capable wallet for the GUNTHY token, and the Brave Browser is fast, safe, ad-blocking and you can use the Metamask plugin safely. We recommend you separate your crypto-browsing from all the other browsing you do. This is an easy way to do that.

Here’s what you do:

  1. Download and install Brave Browser by going to https://gbu.run/brave (or get it directly from Brave.com – if you use our link, GBU gets a small reward)
  2. Install the Metamask plugin inside of Brave (Menu -> more tools -. Extensions -> Web Store, search for Metamask. Get the one offered by metamask.io
  3. Create your account, save your passwords and seeds securely
  4. [recommended] create a new dedicated Ethereum Wallet just for Gunthy. You can drop down your identity avatar and click + Create Account. Name it something easy to identify as Gunbot or Gunthy.
  5. The wallet address will be shown at the top, which you can copy and paste into Gunbot

Buy or upgrade Gunbot TODAY. We accept Bitcoin, GUNTHY Token, Litecoin, DASH, Bitcoin Cash, Ethereum and Paypal.

Gunbot v12 launches tomorrow – 50% discount ends

Launching Gunbot v12. Secure your last minute deals before they expire. Earn Your Crypto. Get Brave. Learn, Earn, Don't Get Burned.

Today, Gunthar notified the Gunbot community of the timing for the pending release of Gunbot v12:

Launching Gunbot v12.  Secure your last minute deals before they expire.  Earn Your Crypto.  Get Brave.  Learn, Earn, Don't Get Burned.

Tomorrow morning (Sunday 3 of February) I will release Gunbot v12.8.1 Stable with Bitmex included.

V12 includes a special feature that will connect your Gunbot over the blockchain and verify your license without need of a reseller to change your API keys i.e. and more.

I will post detailed instructions about GUNTHY token, the way to get it, the way to get airdrops and how to use it with your Gunbot GUNTHY token deposits and withdrawals are already available at IDAX.pro exchange (one of the top10 exchanges at coinmarketcap)

https://idax.zendesk.com/hc/en-us/articles/360022680771-IDAX-will-open-GUNTHY-deposit-withdrawal-and-trading

IDAX.pro will open trading of GUNTHY on 11 of February 2019 at 5PM UTC+8
Happy trading!

We’ve all been waiting for this for a very long time.

Gunbot Version 12 brings *so* many new features. GBU LIVE featured Gunbot v12 in a recent webinar, where you can learn about it, see a demo, and more. Gunbot v12 looks fantastic, brings a ton of new functionality, and has been tested by hundreds of brave beta users.

However, with the launch of Gunbot 12 comes the end of two important promotions:

50% off gunbot licenses - plus lifetime GBU membership with every license only when bought from Gunbot University. limited time only. [gunbot university logo] Gunbotuniversity.com. Santa
50% off Gunbot Licenses – only until v12 launches

Secondly, free BITMEX license with purchase of Gunbot.

When v12 launches, both of these promotions are gone. We return to our normal pricing.

If you want to secure 50% discount, add 50% discount to our “Upgrade to Ultimate” deal (learn more at gbu.run/upgrade2ultimate), or get a free BITMEX license, you need to act NOW.

Act NOW to secure your 50% discount and get FREE BITMEX license

Have you already taken advantage of the discount, or you think you have as much Gunbot as you need? Do you have friends or family that could use these deals?

You can easily EARN YOUR CRYPTO by creating a free Affiliate account, requesting an Affiliate Share Code and then give them a special coupon made just for you.

Earn your crypto
  • Create free Affiliate account at gbu.run/affiliate
  • [optional] Request Affiliate Share code at gbu.run/sharecode
  • Point people to gbu.run/bachelorpack and have them use your coupon code
  • THEY get Gunbot Standard at 50% off
  • THEY get three (3) months of Bachelor service
  • THEY get FREE Bitmex license when it comes out.
  • THEY also get 5% off!
  • YOU get 10% referral bonus, paid in crypto
  • YOU get a free month of Bachelor, which you can use yourself or give to your friend

(Note: Your referral can buy anything at Gunbot University – Gunbot Ultimate, Gunbot Pro, or whatever strikes their fancy, and they get 5% off and you get 10% bonus.)

Not sure how to use GUNTHY Token? Get Brave!

Learn. Earn. Don't Get Burned. Visit us at gbu.run/brave to learn about botting, trading and staying safe with crypto.

You can use most any ERC-20 capable wallet for the GUNTHY token, and the Brave Browser is fast, safe, ad-blocking and you can use the Metamask plugin safely. We recommend you separate your crypto-browsing from all the other browsing you do. This is an easy way to do that.

Are you worried if you’ll make it in or not?

If you create your order NOW, you secure your discount, and you can pay in a day or two. We accept Bitcoin, Litecoin, DASH, Bitcoin Cash, Ethereum and Paypal.

Debagging Strategies

GBU LIVE De-Bagging Strategies. How to handle bags, how to avoid bags, buy_enabled sell_enabled count_sell
No matter how good a trader you are, or how fabulous your algorithmic trading is, bags happen. You should know how to handle them.  In this 20 minute webinar, Professor Wally reviews some debagging strategies and settings after reviewing how and why bags happen.
Interested in this webinar? Subscribe to our Bachelor program to gain access to this and all our archived content!

GBU LIVE Gunbot v12 Preview

GBU Live January 26, 2019 Gunbot v12 preview
In this one-hour collection of Gunbot Excellence, Professor Wally reviews two useful tips – one about Latency and how it’s important for trading and one about trading BNB. After that, he does a Gunbot v12 Beta Preview with the GUI, settings and new features. Timestamp Marker Name 00:00:27 Topics 00:00:47 GBU Not Financial Advisor 00:01:16 …
Interested in this webinar? Subscribe to our Bachelor program to gain access to this and all our archived content!

GBU Recommends Trading Course from IntroToCryptos.ca

GBU Recommends trading course Introtocryptos.ca

GBU RECOMMENDS trading course. Step-by-step, simple approach for all stages of a trade LIfetime community support. Discount code GBU

At GBU, we provide top-notch Gunbot-specific education.  We also offer some non-Gunbot content that delves into generic trading, cryptocurrency, and other related topics.  There’s even hours and hours of Technical Analysis (TA) teaching.  However, we know that some people want more than what we offer directly, so we partner with high quality content providers to help fill in the gaps.

IntroToCryptos.ca starts a Three Week Intensive starting this Saturday – this isn’t just a starter course, or something intended to try and get you to buy something bigger — this is a full course that covers much of what a crypto trader should have.

I’ve been following Doug for months on his YouTube channel, his discord group and I’ve gotten to know him and his trading style quite well.  There’s no Gunbot or botting information in this course, and that’s the point — this trading course is about knowing much more under the hood.

Take a look at the course syllabus, all the bonuses you get, and if that wasn’t enough, you can get 20% discount if you use code GBU at checkout.

cyrptocurrency trading course. Use discount code GBU

GBU LIVE Gunbot v11 Installation on Linux, Handling Multiple Exchanges, Installing CryptoSight

Another jam-packed GBU LIVE episode as Professor Wally spends more than 2 hours taking questions, going over Gunbot v11 and detailing Gunbot Install, specifically Linux on VPS, including Cryptosight. No, it doesn’t take that long to install, but if you want to know a ton of information, tune in and watch. Or, if there’s a …
Interested in this webinar? Subscribe to our Bachelor program to gain access to this and all our archived content!

Bittrex Upcoming Wallet Removal Reminders

Markets are already gone; soon the wallets will be, too. Be sure to move these bittrex coins because their wallets will be removed.

Markets are already gone; soon the wallets will be, too. Be sure to move these bittrex coins because their wallets will be removed.

Bittrex Coin Reminders

The following coins and wallets are being removed in the near future on Bittrex, so if you have any of these coins there, you need to remove them. Note that these are coins whose markets have already been removed from Bittrex, so your Gunbot should not be trying to trade these. If it is, then your Gunbot is probably broken and not trading at all anyway.

By December 20th, 2018
https://bittrex.zendesk.com/hc/en-us/articles/360001451483-Wallet-Removal-on-December-20-2018
INFX
PDC
PKB
SNRG
TRIG

By December 31st, 2018
https://bittrex.zendesk.com/hc/en-us/articles/360001475906-Wallet-Removal-on-December-31-2018
CLUB
PXI
RBY
SPR
XVC

By January 10, 2019
https://bittrex.zendesk.com/hc/en-us/articles/360001486426-Wallet-Removal-on-January-10-2019
BCY
BLITZ
CLAM
ERC
TRUST

RECORDING Gunbot v11, new features, BTC not USD

In this GBU LIVE, Professor Wally goes over two current GBU deals (how to get Huobi and Bitmex exchange free), Gunbot-related news, how to configure Gunbot catch pumps and then moves to the main topics. Gunbot 11 is introduced at a high level with the top new features introduced, and then he wraps it up …
Interested in this webinar?  Subscribe to our Bachelor program to gain access to this and all our archived content!

Last day for Black Friday and Cyber Monday Gunbot deals

50% off and Lifetime Bachelor for Ultimate upgrade have been the most popular so far – some still don’t know that they can trade in their previous Gunbot purchases – Gunbot Standard and Gunbot Pro – towards Gunbot Ultimate.

Gunbot University is throwing in LIFETIME Bachelor subscription – worth ~$1000 ($89/month forever) with any Gunbot Ultimate purchase or upgrade!

50 Off gunbot licenses at gunbotuniversity.com

That’s right — UPGRADE 2 ULTIMATE

upgrade 2 ultimate trade in what you spent on standard or pro

Think about it.

  1. Bitcoin price is at historic lows
  2. 50% off Gunbot prices
  3. You can trade in your current Gunbot and reap your investment back
  4. You believe crypto is going to take off, right?

Now – TODAY – is the perfect time to upgrade your Gunbot to get this amazing deal.

With Gunbot Ultimate v11, you get

  • 10 Exchanges
  • Trading View add-on
  • Backtesting add-on
  • Cryptosight telegram bot
  • GBU Lifetime Bachelors ($1000)
  • FREE BITMEX license when it comes out later this year

Did I forget to mention Bitmex?  Ooops.  Yeah, you get free Bitmex license if you buy Gunbot license now.

Sample walkthrough of the discount –

Let’s say you bought Gunbot Standard for 0.1 BTC.

Gunbot Ultimate 0.3 BTC
Trade-in discount: (-0.1 BTC)
subtotal: 0.2 BTC
Black Friday/Cyber Monday discount: (-0.1 BTC)
Total: 0.1 BTC

You need to contact CryptoWally or Poy via Telegram, the chat on the website or use the feedback form on the site to validate your existing purchase so we can give you the discount.

Only a few hours left!

 

Conquer the Bear

With the market doing what it’s doing (once again), and given that we’ve had a few new faces join us (welcome!), I’d like to take this opportunity to make a few statements that will be familiar to those “Crypto Veterans” that have been around for a few of these, may serve as a much-needed boost for those who are new, and may just be common sense for the rest.

Conquer the Bear

In the GBU Newbie Special, Part 1 (https://gbu.run/newbie1) (for GBU Subscribers only) which is the first half of a three hour long video series Introduction to Gunbot for GBU Subscribers only (there are timestamps to get you right to specific topics if you don’t want to watch the entire three hours), the very first topic after the required disclaimer involves setting expectations:

Setting Expectations and Examining Motivations

Setting Expectations - examine motivations

If you go into something with the proper expectations, when things like this extreme bear market happens, not only are you prepared, but you’re simply better off.  I’m sure we all have our reasons for why we have Gunbot and why we got into crypto, but more likely than not, it has something to do with disruption of some kind  – disruption of the banking system – disintermediation of one industry or another.  Maybe you wanted to get rich because you heard of someone else doing so.  Or maybe it was the technology you love.

Why DID you get into crypto?  Is it the same reason you got into Gunbot? (and if you’re not into Gunbot, contact us and we can help answer questions  – either hit the chat button down below or go to https://gbu.run/feedback).

The Wild West

setting expectations - wild west

After you have your motivations in check – you probably should see where you are, time-wise.  We’re in crypto.  The industry itself hasn’t even been around for a decade.  So few people know about crypto, care about crypto, own crypto or are involved in crypto.  We are in the early days, and we’re still in the Wild West.

The Wild West was conquered by pioneers who didn’t wait for a fur-lined stagecoach with safe cities and established guidelines.  There were snakes and Native Americans and dysentery and harsh times.  Many got “rekt”.  The ones who didn’t wait not only satisfied their wild adventurist nature but also gained the opportunity of prestige, land and the joy of “being first.”

Gunbot, and Crypto in general, is for those kinds of people.  Frontiersmen who appreciate luxury but don’t require it.  For they know there’s gold in “them thar hills” and are willing to go through a lot to get to it first.

Bear Market Veterans

bear market - veteran

Become a veteran

If you’re new to this space, you might be kicking yourself… as you might have bought in with Bitcoin at an all-time high (ATH).  You are earning your battle scars right now.  We’re still early, with such a low percentage of the world citizens aware of crypto, owning crypto and trading crypto.  The fact that you 1) are aware, 2) own, 3) trade, 4) own gunbot* and 5) are improving your education here at GBU… these are all amazing indicators for your future.  It won’t be long until you are the veteran.  This space moves fast, and is growing even faster.  New people are coming in, new FIAT is coming in (where else is it going to go?) and the more veterans we have to help guide them, the better.  Help continue the education.

  • again, possibly – unless you don’t, in which case, reach out and we can help.

Key takeaways

Some important things I’d like everyone to remember:

  • It’s only a loss if you sell. Paper losses are temporary.
  • https://gbu.run/calm – worth your time to read
  • If you bot with money you don’t stress about, then you won’t stress so much during these times. Conversely, if you’re botting with money you need, then you will definitely stress about botting. Therefore, _don’t bot the rent money_.
  • If you’re thinking of selling your crypto, try to remember how thin the order books are.  What this means is — the representation of “price” on coinmarketcap.com or any of the sites that report price is based on the order book, and is subject to heavy manipulation.  The price can move in an instant due to volume, big whales, unregulated markets, and heavy hands who know what they’re doing dominating a lot of people who don’t know what they’re doing.  Try not to be one of the people who don’t know what they’re doing.  If you *know* what you’re doing when you sell your crypto, then by all means, sell, especially if it’s at a profit, or if it’s for another crypto that makes sense for you.
  • If it can go down this fast, it can also go up this fast.  And you don’t have to just imagine – just look at the history.  This exact thing has happened several times in the past, and every time, it has done so over and over, and then risen again even higher.  So, if money is your thing, maybe waiting it out is a good play.

Earn your crypto

If you want to earn crypto, you can always do so at GBU – we not only have an affiliate program at https://gbu.run/affiliate where by referring people to Gunbot University, you can earn affiliate bonuses, but also we reward content creators, so if you’re interested in writing articles or making videos about Gunbot, we pay in crypto (revenue share model).

 

RECORDING: BACKTEST INTRO

GBU LIVE Backtesting Intro
Reality or Wishful Thinking?  How can we tame Gunbot to do what we want?  If we configure this setting or that setting, how can we tell how it will react in the market?  The act of doing ‘what if’ scenarios is called “backtesting” and more specifically means applying trading strategies against actual historical trading data …
To access this post, you must purchase a GBU Membership that provides access, or one of our products that includes membership. Learn more about our memberships at https://gbu.run/learn.

RECORDING: TA Tuesday w/Poy TB: Triangles, Pennants, Wedges, Flags

Master Teacher Poy TB continues his Technical Analysis series with some excellent goodness on an important topic – Continuation Patterns. Triangles, Pennants, Wedges, Flags and Rectangles are all examples of Continuation Patterns, and Poy breaks them down for us this week with examples, explanations and how Gunbot interacts with them. Timestamp Topic 00:00:13 Introduction 00:00:33 …
To access this post, you must purchase a GBU Membership that provides access, or one of our products that includes membership. Learn more about our memberships at https://gbu.run/learn.

RECORDING: GBU LIVE: Double Tops / Double Bottoms + Head & Shoulders

  Master Teacher Poy details the definition, indicators and live examples of three important Technical Analysis indicators that signal a trend reversal. Timestamp Topic 00:00:20 Intro: Master Teacher Poy 00:00:37 GBU Not Financial Advisor 00:00:55 Intro and Agenda 00:01:24 Review last week’s homework 00:01:36 TradingView: LTCBTC 00:02:45 Reversal Patterns with Double Tops/Double Bottoms 00:03:26 Double …
To access this post, you must purchase a GBU Membership that provides access, or one of our products that includes membership. Learn more about our memberships at https://gbu.run/learn.

RECORDING: Oh no! They Delisted My Coin! 2018-09-20

Oh no! They delisted my coin!
Oh no! They Delisted my coin! Professor Wally describes what happens when an Exchange delists a coin and many options you have to handle the coin, and potential consequences.  This particular video shows Gunbot version 9 and is a reaction to eight (8) specific assets being delisted from Poloniex on September 18th, but is generic …
To access this post, you must purchase a GBU Membership that provides access, or one of our products that includes membership. Learn more about our memberships at https://gbu.run/learn.

Poloniex Delisting Coins 2018-09-25 and where to move them

Be sure to move these poloniex coins because they have been delisted

Be sure to move these poloniex coins because they have been delisted

Be sure to move* these Poloniex coins because they have been delisted:

On This Page: What happened?
Do you have these coins?
Might want to stop botting them ASAP
If you want to move your coins
Move your coins to Gunbot-supported exchange
Move your coins to non-Gunbot supported exchange
Move your coins to a Wallet
Selling off your Delisted Coins
Alternatives
Double-Up
Arbitrage
Summary

What happened?

According to a blog post from Team Circle / Poloniex on Tuesday, September 18th, “Poloniex to delist eight assets on September 25th”.  They reference another Help Center article for more information about their delisting process as well.

Do you have these coins?

The first step when you get a notice like this is to find out if you actually own these coins.  The exchange usually sends you an email with your specific holdings of the asset.

Hello, If you are receiving this message, it is because you currently hold a balance in COIN1, COIN2, COIN3, on Poloniex.

However,  even if they don’t, or if the notice gets lost in spam folder, its up to you to make sure you find out if you have any balances and move them, sell them or otherwise handle.

Might want to stop botting them ASAP

If you use this Exchange, you will want to check if you are botting these coins.  If you have no inventory at all, then the suggested course of action is to remove the pairs from your configuration.

If you have inventory, then you have more work to do.  At least consider stopping your Gunbot from buying them.   Here’s why:

When coins get delisted, they drop in value FAST.  When coins drop fast, Gunbot frequently will see that as a buying opportunity, so you may find yourself with inventory of a coin that will be gone soon — Gunbot buys it on the way down, thinking that it will go back up, but of course it doesn’t go back up most of the time.

Therefore, to prevent this, set the BUY_ENABLED: false to avoid such situations.

If you use the GUI, and you have some balance of the coin, go to Setups –> your setup, navigate to the coin(s), then add an override called BUY_ENABLED and make it “false”

That way, you have a chance of selling off your inventory without buying more.

If your strategy has Double Up enabled, then you might want to disable it with a per-coin override as well, otherwise Double Up might kick in — several times, in fact.  However, if you look at the typical behavior of Delisted coins, it is a very frequent occurrence that coins have a LOT of volatility right after the initial dip, so some profits can be had.  More on that in the selling section below.

If you want to move your coins

Second, you may want to decide whether to sell or move your coins.

Move coins to a Gunbot-supported Exchange

If you want to move your coins, as a Gunbotter, you may want to move your coins somewhere that you can still bot your coins.  This means using an exchange that Gunbot supports.  What follows is a handy table listing the current exchanges (up to three) that these coins are still trading and active on.  The ones Gunbot support are highlighted in green and the ones highlighted in red are ones that Gunbot does not support.

Poloniex delisted coins 2018-09-18
click to enlarge

Note that BTM (Bitmark) uses ticker BTM on Poloniex, but “MARKS” on Cryptopia.  BTM is coin Bytom on Cryptopia, so don’t try to move your Bitmark to a Bytom address over there.  Secondly, Cryptopia’s MARKS wallet is in maintenance as of 2018-08-30, so it is unknown if the wallet will come out of maintenance or not.

Generally speaking, if you move your coins to another exchange where you can run Gunbot, you can then configure Gunbot for that pair, and set a BOUGHT_PRICE override to match what you bought the coin for on the previous exchange.

Move Coins to a non-Gunbot Supported Exchange

Sometimes coins that get delisted aren’t supported on exchanges that Gunbot supports.  This is a sign that the coin is in the minor leagues.

If you don’t already have an account on the exchange listed for the coin, you may consider creating an account on the exchange if you have a large number of the coin, and it represents a major financial investment.

Note that creating exchange accounts can represent risk.  Always use different passwords for every account you use, and when possible, even use a different email address.  Always use two-factor authentication.

Moving Coins to a Wallet

If a coin or token is being delisted from an Exchange, there’s a strong likelihood that the coin doesn’t have a strong presence outside of living on exchanges.  This means that installing a wallet on your own in a safe manner is usually going to be an uphill battle.

It’s important to convey the following:

  1. Do not simply google for a wallet for a specific coin – this is one way to get scammed
  2. Do not download any wallet you find and install it on your computer – this is a sure way to get hacked/scammed
  3. Only use verified wallets, and when possible, use hardware wallets.  This drastically limits the coins you can store locally, but that in itself should tell you something.
  4. If you must use multiple, various, widely varied wallets from all over the place, consider learning how to use virtual machines (VMs), ideally on a spare computer that is not your main machine.  Install Windows or Linux and use a different VM for each wallet.  That keeps each wallet separate, secure and it has less chance of infecting or interfering with your real life computer, finances or crypto.

Above all, look at the value of the delisted coins and determine if it’s worth saving those coins and disrupting the rest of your life/crypto/finances to save them.

Selling off your Delisted Coins

Many times, it may be best just to try and get the best price for your delisted coins.  This may be due to how much time you can devote to the project, the timing of what’s going on in your life, the stress it would cause, or many other factors.

For others, the “loss” the sale would represent on paper may be a welcome event for tax purposes.  Be sure to record the sale and keep diligent records in case the exchange does not have the records available later on.  For this purpose, we highly recommend CoinTracking (we have a 10% discount link if you follow https://gbu.run/cointracking)

Be prepared — if this is your first time through this process, you may be in for a shock.  If you’ve been around crypto for a while or not, you may have bought these coins at their peak, and found that you’d be selling these coins at a tiny fraction of their purchase price.  You can measure this in their BTC price (or whatever BASE you used – ETH, XMR, USDT) or the USD value of BTC at the time of the transaction.  Consult your tax advisor for specifics if that is important to you.

Just know that a lot of people are selling off coins, so some people are buying the coins and transferring them to the other places mentioned above, to sell.  Some coins have no-where to go, so there won’t be many buyers for those.  Some coins you might just want to dump as fast as possible.

Alternatives – Double-Up and Arbitrage

If profits are still important to you relating to these delisted coins, and you still have coins left, and they would represent a sizable loss to you, there still is something you might be able to do, if you are comfortable with the risk.

If you look at any coin that was recently delisted – such as this one here (VRC), you can see obvious points where Gunbot could have stepped in and made immense profits:

You’ll see this happen more and more as word spreads – more news gets out, more people log in and sell off their coins, or a market opens up, or the developers lobby for another use case, or all sorts of reactions to what’s going on.  The volatility is intense.

This is where a savvy person who still has coins to try and liquidate can actually do something.

Specific Double-Up example

Here’s one example:

This was Centra (CTR) right before getting delisted on Binance (April 5th, 2018).  The founders of Centra got arrested for fraud and the coin’s price tanked.  Look at “Price per unit” column — the initial buy in February on this coin started at 11,450 satoshis and in less than a month experienced six (6) double-up’s.

Then it sat for almost another month.  When the news hit about the founders, and the price was already down to 1411 satoshis (down 90%!!!) there was a significant amount invested in this bag.

Here were the factors:

  1. A lot was already invested in the coin
  2. The amount invested was done when BTC was a high USD price
  3. The average price was way too high to reasonably expect it to recover
  4. The current price was so low, that not a lot of new investment was needed to drastically reduce the average cost
  5. The current BTC price was a low USD price

Some may wonder why factors #2 and #5 matter — here’s why:  If it’s a win, there’s profit.  If it’s a loss, the loss is significant for tax reasons, without a requirement for having to actually invest a ton more now.

With this example, Gunbot had performed the automatic double-ups, so any double-ups needing done had to be made manually.  The purchase of 1505 CTR was a manual purchase, which brought down the average bought price significantly, but the price kept going down.  When the price hit below 750, another manual purchase of 3010 CTR was made, making for a total of more than 6000 coins.

Then the price rebounded, and Gunbot took over.  It rode the price up to 2662 and sold for a 17% profit!

This, of course, is a risky move — and noone should ever expect such high profits.  But I expect most people would even be happy with getting their money back instead of selling at a massive loss.  And that’s the point of this option.

Arbitrage

Arbitrage is the act of buying something in one place and selling it somewhere else at a higher place.  You may notice that some people just sell off their coins at Poloniex because they only have an account at that one exchange – but you, as a more experienced crypto trader, might happen to know that the coin is also for sale at Cryptopia at a 5% or 10% higher price.

This is where you might be able to make a short lived business buying coins at one place and selling them in the other after transferring.

There are a number of caveats, which include fees, transfer time, and the absolute problem of not knowing that the price will still be good by the time you’ve transferred the coins over to the new place.

Summary

When an exchange Delists a coin, knowing your options can help relieve stress.  Keep these things in mind:

  1. Check exchange for inventory whether they notify you or not.
  2. Set Gunbot to SELL ONLY unless you want more coins
  3. Consider Moving Coins to another Gunbot Exchange
  4. Consider Moving Coins to another non-Gunbot Exchange
  5. Consider Moving Coins to a safe Wallet
  6. Maybe Sell Off at a Loss (confirm the loss)
  7. Maybe Use Double Up or Arbitrage (risky)

 

  • This is not specific Financial Advice.  GBU is not a Financial Advisor

RECORDING GBULIVE: TA Tuesday: Candlestick Analysis with Master Teacher Poy TB 2018-09-18

  Our Resident TA Explainer-In-Chief Poy TB continues his Technical Analysis series with his third installment. This module concentrates on something that should be in everyone’s bag of tricks — Candle Stick Analysis. Poy goes over the basic definition of candlesticks and periods, and then reviews all sorts of bearish and bullish indicators that you …
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