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Because of Bitfloor closing down alot of people who have accounts there have been buying btc and transferring those coins out instead of waiting to have their usd transferred out. I think this is most likely the reason the price has been going up for the last couple hours.
My question is what do you think these people will do with their coins? Will alot of them be selling afterwards? Could we see a short term drop in the price soon? There is also much resistance between 90-100
I'm thinking if I should sell some of my coins right now and buy back at a lower price
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Hi there, new to the forums. I'm looking into getting into trading Bitcoins. Here is my situation.
I am completely new to trading and have never traded anything before.
I have recently read several books on day trading, technical analysis and speculation so i have a small grasp of some of the basic theories behind trading.
I bought about 10k worth of BTC a few months back while it was at $5 as long term investment so I consider myself up right now with some extra money that I want to use for short term, medium term, or maybe even some day trading.
I am subscribed to a few people on the forums such as s3052 to get a more advanced traders reading of the Bitcoin charts.
I plan on spending many hours putting in work and learning this stuff.
I know trading is a risky game so can anyone give me some advice on how I should approach this?
Is 2000BTC enough to start trading?
How much profit could a good trader expect to make with 2000BTC and in what sort of timeframe?
How often do you guys make trades? Daily? Weekly? Monthly?
Are there any specific software or services or websites I should use?
Does anyone trade Bitcoin on here fulltime??
Any tips would be greatly appreciated.
Sorry if I'm posting in the wrong section.
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