Ever get that feeling like you don't know whether it's the last chance to buy or the last to chance to sell?  I guess that's what hodling is for.

I have this feeling like either its time to buy or the last chance to sell,  but I don't know which one... so I just hodl.

New trains in Miami

http://miami.curbed.com/archives/2015/09/03/ti-rail-downtown-miami-station-funding.php

http://www.miamiherald.com/news/local/community/miami-dade/article43809852.html

any trains coming? ccmf, or?

I see some poeple here still have their logic about why they think btc goes opposite to stocks. However, based on charts, this doesn't actually happen. At best there is no correlation at all and at worst, they move in sync.

Facebook is possibly the worst bubble in history. It should be worth 1/20 of what it is today, or less. Like Bitcoin, it's mostly a 'virtual' thing with little underlying assets and it's value is driven entirely by the popularity to its userbase. Once it loses that popularity, it can simply collapse to nothing, like Myspace. Facebook has absolutely no business being half of the market cap of Google, which has 1,000 times more code and useful applications than Facebook.

I've heard this all over the forum, and it just doesn't seem to be true, according to the chart of DJIA vs Bitcoin. In fact, it might be the opposite.

There were actually two 10K walls at the same time at one point when that breakout was happening. There was also a 26K buy wall at $95 at one point, which ended up being changed to a market order and driving the price up 15% in 60 seconds.

I actually just like looking at big numbers and really fast tickers flying along. It was like nerd porn. Also, you knew roughly how much liquidity was there for trading purposes and it wasn't as much guesswork.

You dont really any capital to start. I started with a few hundred bucks, in addition to building miners. The mining wasn't too profitable. It added a little more 'starting capital' but mostly it was a good learning experience and gives you more knowledge about the fundamentals of crypto. But really you can just start with a few hundred bucks, or maybe even less.

When you have such a small amount of money, you can easily play all the markets because you don't require any volume. You can play altcoins (or mine them) and ride all the 500% waves with your 1 BTC of volume. Or you can trade bitcoin/litecoin but get much easier fills because of the only 1BTC volume, and you can usually pay only the 0.05% maker fee on bitfinex.

Once you get into the higher numbers of bitcoin, it's much harder to trade with requiring people to execute against your massive orders, and altcoins are pretty much out. You have to be more predictive rather than reactive and really know what you're doing and use TA, which doesn't work. Since I started trading with larger numbers it's been really stressful and boring. I want to go back.

So don't worry about starting with a whole bunch of capital. If you really want to be dedicated to trading and learning how crypto works, it will be easier, better, and less risky to start with a small number. Then it might only be 6 months or so until you have a large number like you said .

If you start with a small amount and lose it, you might not have a problem just depositing another small amount.  If you start with a large amount and lose it, you'll probably never want to come back to crypto again.


On a side note, when I first started trading in 2013 there was much more volatility,  and more volume in the altcoin markets. So this might be harder for you.

People also forget that some daytraders make trades literally just so they can go to sleep so they have to close their position.

Do you mean like Bitcoin?

Hold on to your hats. Going sub zero this time.

I thought Litecoin was about hashing with Scrypt in an attempt to get away from ASICs.

That's the first time I ever used the ignore feature

The fed decision probably has little impact in either direction since btc is global and since it's more driven by technological adoption than traditional investing, and 0.25% probably isn't breaking the bank for anyone.