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

Most Recent Buys And Sells

In many respects this blog will be an on-going diary of my moves and understanding of the Virtual Currency Marketplace

Most Recent Buys 

Bought 25K ReddCoin at 0.00000010 (11/13) 0.025 BTC

Bought 675 RETKCoin at 0.00000370 (11/12)  0.025 BTC

Bought 160 ExclusiveCoin at 0.00001615 (11/12) 0.025 BTC

Bought 60 QuickSilverCoin at 0.00004200 (11/12) 0.025 BTC

Comment

I continued my uninterrupted buying of Reddit's coin at the new lowest price yet - lowering/averaging my other buys at 13,12, and 11. I discovered RETK coin and will use it as a trade coin as I've already done with Exclusive coin - previously buying and the selling it for a profit. Finally, an `expensive' buy with QuickSilver which I will also use as a trade coin most likely.

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Some of the links below - might be of interest?

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