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

Bittrex

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.

Cryptsy

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).

Bluetrade

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).

Poloniex

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

C-Cex

Coins-E

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

BLUETRADE - I'M IN

As Barfstars know - this all began with Bitcoin for me, in August; then continued into the diversification into other digital currencies the continued decline in Bitcoin value from Aug - November (now reversed from lows). The move into other digital currencies involved sending Bitcoin from CoinBase To Coins-E initially and eventually to Bittrex (where I have been doing most of my trading). However, Bittrex, like many exchanges, only supports a given number of `currencies' that trade above a certain level of Bitcoin daily (0.2BTC) - and some that I had bought at Coins-E weren't supported at Bittrex (when I decided to move to a better, bigger platform). 

So, I found some exchanges where ScotCoin (the Scotland Coin) and KarmaCoin specifically were traded - having bought those in Coins-e -- so, I then traded/sent them to my newest Exchange I'd like Barfstars to check out Bluetrade. Bluetrade seems to have the BIG coins you see at all the exchanges but carry some of the NEWEST and promoted coins... that have virtually NO value and can be `bought' for the 1000's for pennies. SOME, that aren't crappola coins. (Some that are.)

So, I've been THERE about a week or two and finally dug a bit deeper and put like 15 USD worth of Bitcoin into the site for trading - buying ScotCoin, some DogeCoin (again) and making a few other trades. THEN, today I bought - the BlueTrade Coin - which PAYS interest to those that `hold' them (sounds like a bank?) every four hours and also based on how many trades are going on at the Exchange (which encourages folks to bring others into the gig). So, today I bought 2 of the BlueShares coin and lo and behold.... they make a very small deposit of MANY of these NEW coins directly into your account. In a sense you suddenly have a new portfolio of coins. Dental Floss Tycoon Baby. The Bluetrade #'s are growing daily.... you are almost still an early adopter if you get in now.

So, click the above link - and use some of that FREE Bitcoin you are getting from QoinPro to TRADE around some (after you let the bit by bit build up)  - heck even buy a share of BlueTrade. Yes, it's all better if you already have a Bitcoin Wallet online - like at Coinbase - the one that PayPal trusts.
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Some Amazon Books

BIT BARF - TODAY'S BITCOIN AND DIGITAL CURRENCY - STEW

11/12/14 - As you can see via the sidebar - Bitcoin and indeed nearly all Digital Currencies are having a very good day... Bitcoin has rebounded from the low 300's within the past week to well over 420 today. Indeed, one of the fun things about Dental Floss Tycooning is that your currencies may be worth more or less than the BTC value and STILL BE WORTH more USD..... the BTC replacing the USD in essence.

All that said, this Analyst a stock trading pro with all kinds of graphics about trends... says the trendline UNLESS it stays above 420 (HMM) isn't good... looks like we covered that short term rally he says was possible in his analysis about THIS week. That said, I'd say the digital currency market is NOT exactly like the stock market and that the `currencies' have a MUCH shorter `memory' of pattern... let's say. Indeed, I'm finding slowly what works.... seemingly... and just on general marketing terms a few things can be said...... have a coin with a good positioning AND a built in potential `retailish' marketplace of those interested in the NAME or concept.

For example, REDDCoin has the built in audience of REDDIT users.... destin to go up in size and enthusiastic and Bitcoin strong too. Over the long haul.... you will probably do very well with this still CHEAP coin... and one of the FEW that will probably survive that have chosen the MASS `available' market positioning (those currencies with BILLIONS available). (Compare to BTC's 13 million.) The `pot' coins if carefully chosen represent the same idea of a built in retail market and targeted brand users of product.... Compare those names with NOBLECoin.... are you Noble? Are a category of folks identified with being NOBLE... well perhaps... you get my drift... that is how you need to look at this.... IMO.
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@ this moment the Dental Floss Tycoon Account

began with 0.152 (after transfer, including bluetrade set up)

now at 0.123

not all are keeping up with the over 20% daily increase in Bitcoin today.

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More Soon