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Thanks for all the replies. I am taking good note of them.
I know it is not easy to make an estimate, but with cloudmining, pos coins and the like, I have calculated that I can do about a 0.1 % daily (1 sathoshi per thousand invested). It is easy to make that on average by trading without risking too much?
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If your main concern was small amount to kick start trading, then you must start with alternate crypto-currencies. With alt coins you can trade for bitcoin. This would eliminate your risks in greater degree. But we need to follow the buying pressure and some chart patterns to make our trades more successful.
I would like to learn about those chart patterns. But almost every time I ask something, I get the "buy low sell high" thing, that everybody knows. Even searching in the forum I get pretty much the same. Thanks for your post too. |
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I have made very small trades, mainly BTC for LTC or Doge, and got a profit sometimes. Do not trust much other coins. But the profit has been very small amounts of satoshis. That is why I was asking.
May I ask the coin you trade?
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I had the same question and never had asked it. Thanks for sharing that link to the trading bot...
Is it difficult to learn its usage?
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For more experienced traders (or at least some experience) there. Which would be the minimum to invest in order to have a chance to profit from trading? I would like to start as low has 10k satoshis, but as I have seen, many exchanges have minimums and minimums fees and that does not feel reasonable.
Let's say that we put a goal to earn 20k satoshis a day (on average) from trading... How much would you see you have to employ to achieve that?
You refer in trading alt coins? If you want profit from trading you should consider starting with a higher amount of coins to start. You won't gwt anywhere with your 10k satoshi. Indeed some sites has huge fees so you will only lose with that. Consider maybe starting with 0.01 btc. Also make sure you know how the trading life works. Thanks for the feedback. I mean trading alts, btc... trading in general. Do not know much about trading, but after reading the forums for a while, and seeing mainly the old tip "buy low sell high" and almost nothing more, I have come to think that the best way to learn is starting trading with small amounts. I thank you for providing an estimate (0.01 BTC). Most people would go "it depends" and all that.  Any more opinions? |
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For more experienced traders (or at least some experience) there. Which would be the minimum to invest in order to have a chance to profit from trading? I would like to start as low has 10k satoshis, but as I have seen, many exchanges have minimums and minimums fees and that does not feel reasonable.
Let's say that we put a goal to earn 20k satoshis a day (on average) from trading... How much would you see you have to employ to achieve that?
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Your strategy seems quite reasonable. I like gold too, but you already have some, so holding BTC looks quite good. Congratulations.
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Thanks for all the replies. Novacoin looks very good, I think I will try it (also I am in the process of creating another coin along with other people)  |
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It is true that exchanges may get hacked, but it is a hassle to keep 50 wallets. I think that if you use many altcoins an do not have great amounts of money (2 Btc or less perhaps) it might be better to trust some exchange than to have the pain of cold storaging and having so many wallets and backups.
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As some say, it is likely that people will try to get Bitcoin before the halving. That could mean a price lowering after the halving because of it being overbought. Who knows.
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This site comes up everyday with new ways to steal or scam their users it seems.
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Which is the minimum recommended to stake some coins?
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thanks for the reply! i will check it. It is a new coin? |
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Ok selling some coins to pay for another trip. Plus my fortune cookie last nite stated "You will have greater financial resources soon."
MOOOOON!!
Murphy's law is reckless But if we buy, it will apply to us too. |
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There are many exchanges nowadays. There have been some that had failed, and others that have little volume. But Bitcoin follows on.
I did not even noticed about Gemini.
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Funny post. At the very least it help us to be entertained and furthers the Satoshi Nakamoto speculation.
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Interesting question. It is not very likely that someone would risk so much money, though. I think that there still might be better investments.
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Trading forums give a lots of tips today. You learn a lot about trading just from being there, as well as for trading opportunities.
But it takes time and some loses to learn I guess.
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As far as I know, cryptsy has not fallen yet and the intention is to continue.
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I want to invest a bit in POS, as I have not a good computer for mining. I am currently trying with NET, which gives around a 27% annual rate and is very easy to stake.
Any recommendation for a good POS coin?
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