Originally Posted by dogbiscuit
Is there a aggregating website for difficulty and block payout changes for all coins ?
Not that I'm aware of - in fact, many of the newest coins only have partial stats for that listed in their original forum post at bitcointalk... many of the newer fly-by-night deals don't even have basic information on their website (nutcoin has about half of what would be nice to know - but their post on bitcoin talk has the rest thankfully).
Most pools post what the current difficulty is of any coin you actively mine, but there's no comprehensive list of the stats for everything as far as I've found. We could probably start a spreadsheet on Google to track that for this club.
Originally Posted by ccRicers
I keep losing money trading by the hour- perhaps it's because I expect to do a buy and sell 15 minutes apart lol. Doesn't work well with DOGE's prices. But I need to put it in perspective. I had enough BTC to buy 500k of it, which I did yesterday. But I can only mine 30k a day. I could be better off learning to trade more slowly with a goal of getting around 100k daily.
If you want to trade with that frequency... you have to move a ton of currency, and you need a trading bot to do it with any hope of catching the minute changes in volume and price. Even then I would expect your net profit per day to be less than 1% average over the course of a week. The biggest advice I would have if you're interested in trading is keep a spreadsheet with the trades and fees associated. Remember if your trade pair isn't making you at least 2X the fees... then you are definitely losing money on each trade.
I generally try to make a trade or two per day - but I definitely don't make two in 15 minutes - at least not unless my first trade is so poorly timed that I have a buy order right before the sell volume jumps to 20X the buy volume (that's happened more than once I might add
). In those cases I might jump back out with the knowledge that I just cost myself 4% of my active portfolio... which is worth it if you think the price might drop by 20%... but not if it's just a minor correction. No matter what, unless you are psychic or something, at least 30-40% of the time you will be WRONG - in the short term. So better to take a position for 24-72 hrs at least
and let the bots and the whales worry about the little changes.
For example with BTC it's been fairly safe to buy a dip on the weekend and hold through Thursday or Friday of that week and set a sale for a price 10-15% higher than your purchase was. By the time you're done you should net around 7-8% on your successful weeks... but be prepared to sit on BTC for a week or more if everyone panics and the market tanks while you're holding... likewise if the price soars without any rational expectation
) and you're holding fiat.
Originally Posted by Campin
Yea kinda regret walking away from Doge, however been accumulating more wdc the last little while and have faith that coin will turn me a nice profit in the long run.... But for today I've been back in middlecoin, but maybe I'll jump back into nut... I feel like I'm falling behind with only 1 million..
You are definitely falling behind if it winds up amounting to anything in the future - I've seen some people remark that they're nearing 100M in holdings... on the other hand if it doesn't... you are actually ahead
assuming that you've been mining DOGE/WDC/EAC/LTC/DGC in the meantime as they already have some value and have seen some moderate gains over the past week..
Edited some stupid grammatical errors. Edited by DiGiCiDAL - 1/15/14 at 11:44pm