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Tuesday, December 30, 2014

The 30 Dollar Weekend

As folks who read this blog know - I started trading the virtual currencies when Bitcoin took it's plunge from 600 to 300.... and I've been learning ever since. The headline refers to the fact that from Thursday morning to Monday morning (yesterday) I had clearly my biggest win of the 2014 trading season as Dental Floss Tycoon, 30 bucks up for the weekend. I'll review it shortly.

Next, let it be said that this blog will have lots more posting in 2015 - consistent posting - as will my Bitcoins In Trade blog. I've literally have been learning the ropes and will at least share the smidgen I've learned so far today and in the future.... strategies I'm following etc..... good exchanges to use..... what to avoid, of course.


2014 Review

Exchanges I Use
This is the first real exchange with volume that I jumped into - it's good but not the one I use the most. I've profited for sure at Bittrex.... I'm accumulating and selling PandaCoin and NavajoCoin there... be careful as coins are delisted all the time.
I'm most active at Cryptsy and have traded over 1 BTC of value this month there. I love the spreads -charts - and medium volume on many coins including LTC trades. Accumulating and trading MazaCoin there.... like nearly everything there...but, support on wallets needs improvement (have inquired about the Moon Wallet for weeks now).
I mostly use bluetrade for LTC trading and find it hard to trade any other of the offered coins including HTML5. I have TONS of BunnyCoins and MoonCoins at Bluetrade... should either one ever take off..... dreams. The Bluetrade share is probably the internets easiest `faucet' of free coinage.... all for the price of one share of Bluetrade (under 2 bucks).
The most recent exchange I entered into and with one purpose in mind was Poloniex - I wanted to trade `hot' coins there: instead almost immediately I caught the peak of the HUGE recent surges of RippleCoin and StellarCoin... of which... I've had to cool my heels while they re-ignite.

Exchanges I've already Quit
Both of the above exchanges, for me, had too few active coins to trade. C-Cex was also harder to use compared to others.
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Expect More In 2015 - It's Coming

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