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[Official] BitCoin LiteCoin DigitalCoin and all Crypto Currencies Club And General Information Thread - Page 836

post #8351 of 22533
Quote:
Originally Posted by Darth Scabrous View Post

I see what you are saying. I'm still learning a lot of stuff, but I'm somewhat hopeful, at least for the rest of today. Usually I make $15 a day, so adding an extra .3btc in one day is...i guess I would say exhilarating?
And maybe I was on at the right time on the right day, who knows? And if I make an incorrect statement anyone, just tell me I'm stupid and what's right. Gotta learn somehow.

Your ability to gain and lose money depends on how much you wager, much like gambling. If your goal is to earn $200, it's much easier to do if you can wager (buy) $1000 than $500. $1000 would only require a 20% gain while $500 requires a 40% gain. But what blkdoutgsxr is probably saying is as the price goes up, it is less feasible for the coin to increase by the same % in the next time frame.

As an example, Bitcoin was $13 at the beginning of 2013 and around $900 at the end. That's almost a 7000% increase in price. The next possible 7000% from that end-of-year price to the end of this year would be much more difficult to achieve than the last.
post #8352 of 22533
Quote:
Originally Posted by Darth Scabrous View Post

I see what you are saying. I'm still learning a lot of stuff, but I'm somewhat hopeful, at least for the rest of today. Usually I make $15 a day, so adding an extra .3btc in one day is...i guess I would say exhilarating?
And maybe I was on at the right time on the right day, who knows? And if I make an incorrect statement anyone, just tell me I'm stupid and what's right. Gotta learn somehow.

I wish I was in your shoes LoL, I did not have the balls to make that trade, it paid off for you though. Just remember for everyone that is feeling great there is someone who got the 'short end of the deal'. I am pretty new to trading. Just make sure you do not get overly confident and base future trades on a single great one (Though I catch myself doing is sometimes). It reminds me of when people sit down at a slot machine and on pull 3 gets a jackpot and they start calculating 'at this rate' type figures. LOL.
post #8353 of 22533
yeah, I've learned from trades before that is not the way to do it. I used to just trade btc, and then I bought in at $200, and it dropped down to $89. I thought I would just count my losses and pull out. Next month, bam, $1000. I sucked at trading, and was very impatient.
post #8354 of 22533
Someone should make a daytrading guide, like learning to spot patterns and pumps, graph reading, etc. I think Ivan used to do it before, if I remember correctly he said he was doing daytrading before or at least he can give us some tips thumb.gif
post #8355 of 22533
Quote:
Originally Posted by arcade9 View Post

Someone should make a daytrading guide, like learning to spot patterns and pumps, graph reading, etc. I think Ivan used to do it before, if I remember correctly he said he was doing daytrading before or at least he can give us some tips thumb.gif

Well, there is this thread, but it's not getting a lot of action.
post #8356 of 22533
Quote:
Originally Posted by arcade9 View Post

Someone should make a daytrading guide, like learning to spot patterns and pumps, graph reading, etc. I think Ivan used to do it before, if I remember correctly he said he was doing daytrading before or at least he can give us some tips thumb.gif
http://www.reddit.com/r/dogecoin/comments/1uhs5n/how_i_am_trading_into_more_doge_through_exchanges/


Edit: Honestly I think most people who are looking for trading advice are expecting an answer that is much easier then day trading actually is. The skinny on day trading is put in long hours, read every article you can on the coins you have decided to trade, make a plan, stick to your plan, understand trade Fees and how they affect your margins, and grind it out. I think trading between two 'good' currencies like LTC and BTC is a good place to start because you can use articles to decide whether you think the exchange rate will rise or fall and play that, generally with minimal risk because the market stays between .028 and .033(ish).

If you are looking or greater profits then that would give you then you can play with crap coins, but with greater returns comes much more risk. Coins like Coinye and Sexcoin have no reason to have a future so they are difficult to decide why people would find them more or less valuable within the day.
Edited by blkdoutgsxr - 1/13/14 at 10:41am
post #8357 of 22533
Purchased 0.03 BTC worth of 42. Hope the trend is still good when I get up tomorrow.
Cheezburgerz
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Cheezburgerz
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i7 930 @ 4.0ghz (200x20) HT On, 1.2825 Asus Rampage III Extreme (Bios 1005) Radeon HD6990 12GB Corsair Dominator GT 1600mhz CAS7 
Hard DriveOptical DriveOSMonitor
2TB of 7200.11 Seagates + 1x WD5000AAKS 500gb Lite-On DVD-RW SATA Windows 7 Ultimate x64 Samsung T260HD 26" 1920x1200 
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post #8358 of 22533
Soooooooo BTer has locked BTC withdraws? Ummmm WAT?

Edit: That was weird, I kept getting an error message saying they have disabled BTC withdraws but now it is working.
Edited by blkdoutgsxr - 1/13/14 at 10:54am
post #8359 of 22533
Quote:
Originally Posted by blkdoutgsxr View Post

http://www.reddit.com/r/dogecoin/comments/1uhs5n/how_i_am_trading_into_more_doge_through_exchanges/


Edit: Honestly I think most people who are looking for trading advice are expecting an answer that is much easier then day trading actually is. The skinny on day trading is put in long hours, read every article you can on the coins you have decided to trade, make a plan, stick to your plan, understand trade Fees and how they affect your margins, and grind it out. I think trading between two 'good' currencies like LTC and BTC is a good place to start because you can use articles to decide whether you think the exchange rate will rise or fall and play that, generally with minimal risk because the market stays between .028 and .033(ish).

If you are looking or greater profits then that would give you then you can play with crap coins, but with greater returns comes much more risk. Coins like Coinye and Sexcoin have no reason to have a future so they are difficult to decide why people would find them more or less valuable within the day.

And you also need monitors... lots and lots of monitors biggrin.gif




(credit goes to SinatraFan for the picture)
post #8360 of 22533
Quote:
Originally Posted by blkdoutgsxr View Post

Soooooooo BTer has locked BTC withdraws? Ummmm WAT?

Edit: That was weird, I kept getting an error message saying they have disabled BTC withdraws but now it is working.
i have stopped using them because of exchange fees and the fact they screw you on the last two decimals.

have you try converting to LTC and cashing out in LTC? its quite cheap atm.

...good for you
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