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Author Topic: looking to play the market  (Read 1412 times)
thomison360
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January 22, 2013, 12:28:16 AM
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Ive still relatively new to the bitcoin world, but for about've been watching the last month ive been watching mtgox and btc-e and I really want to start going back and forth from selling high and buying  low. I know many of you probably already do this but I'm still waiting on my asic so I wil; be able to mine for myself. I'm not looking a big loan just something to get me started. I currently have only 2 btc but I'd like to have 10btc to start trading back and forth. If anyone would like to help me get up and started I'd appreciate it greatly. I only want the loan for about a week and the details of interest I guess we can disscuss if anyone is willing to help. Even if 8 people could help me with 1 btc each or 20 people 0.5btc id really appreciate it and be willing to pay a little interest along next week. Thanks for listening guys and if any1 is interested just hit me up on this post or message if you want and we can talk more about it  Smiley
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January 22, 2013, 12:42:15 AM
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sounds legit!

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thomison360
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January 22, 2013, 12:48:54 AM
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lol I know no one will probably want to help but I had to try I've been watching the market go up and down up and down and its like a gold mine right now for someone willing to just sit there and go back forth 20cents or so but none the less I don't have enough to really gain any profit lol. I'm still kinda new to this so I'm open to any suggestions or anything that might help someone feel more sucure about lending me any btc
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January 22, 2013, 05:47:36 AM
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lol I know no one will probably want to help but I had to try I've been watching the market go up and down up and down and its like a gold mine right now for someone willing to just sit there and go back forth 20cents or so but none the less I don't have enough to really gain any profit lol. I'm still kinda new to this so I'm open to any suggestions or anything that might help someone feel more sucure about lending me any btc
Umm, no, trading is not as simple as that.

What happens when you buy btc at $15.90, two hours later they become $15.50?

What happens when you sell btc at $16.50, and then two hours later they become $17.02?

It's like a lot of people sold BTC at the $13 mark and now are hating themselves since BTC continued to grow.

If you show results (screenshots of trade logs), experience with trading, etc, then I'm sure some people will be interested in a loan. But.. right now, there's a high chance that you're not going to make any profit and instead lose your creditor's money.
thomison360
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January 22, 2013, 02:39:52 PM
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iknow what your are saying about themarket im very familar with stocks and the way markets like this work Smiley i dont want to hold on to the btc for weeks or months till the time is right. the good things with btc is that theres no trading regulations like on the regular stock market. in the regular stock market if a person buys a stock $15.90 then and hr later in goes to $16.50 they cant sell the stock back for a set amount of time due to pentalies and regulations within the system. with btc a person can trade or sell immedaitly if they want to and earn that 60cent profit per share or in this case btc. i know this exsample is small 60cents isnt really worth much and the profit and open window to sell high buy low 4 the most part is even lower then 60cents its more like 20cents. so i know it doesnt sound lik alot of profit or worth it sum of you but im just starting out and if I need to nickle and dime 20cents at a time from mtgox im willing to sit here and go bakck and forth to do so Smiley. i really like mtgox also because the fee is only 0.6 % so that also really helps to enable the ability to still make a profit even if its 20cents. i do have a plan and although imay be new to the btc world i'm deffiantly not dumb and i see that great use and value in btc and really just want a chance to share the wealth and fun along with the rest of u guys Smiley. if i misspelled or mistyped any words sorry im at work typeing this on my phone and its acting a lil laggy but anyways thanks guys for listenting Smiley
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January 22, 2013, 02:43:35 PM
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Yawn. Tomatocage needs a new entry in his list.

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January 23, 2013, 03:45:33 AM
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Thanks John. Eating buffalo wings right now, so its too hard to copy/paste and update the list.

@thomison360 u said u have 2btc already. Try playing Satoshi dice in the 48-50% bracket. Start betting .01 BTC, and if you lose, just double it up. You can easily make 1btc/day doing fairly safe micro bets. I wouldnt hold out for a loan since people will see your name and turn 360 degrees and walk away Tongue

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thomison360
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January 23, 2013, 04:25:34 AM
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thanks iv tried satoshi and i lik it alot but iv already lost nearly 4btc i bought from sum1. the gsme is cool and fun and i did win sum but in the end 2 me it still seemed lik gambling in a casino. sure i won sum but while applying the same stratagy at the end of the nite i had lost more then i won lol Smiley but thanks tho maby sumday ill mess around with satoshi sum more but 4 now id rather not gamble in such a literal sense lol
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January 23, 2013, 04:50:30 AM
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thanks iv tried satoshi and i lik it alot but iv already lost nearly 4btc i bought from sum1. the gsme is cool and fun and i did win sum but in the end 2 me it still seemed lik gambling in a casino. sure i won sum but while applying the same stratagy at the end of the nite i had lost more then i won lol Smiley but thanks tho maby sumday ill mess around with satoshi sum more but 4 now id rather not gamble in such a literal sense lol

SatoshiDICE or any other gambling site with negative or breakeven EV should not be seen as a way to make profit.

Now, progressive jackpots with +EV is a different story.
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January 23, 2013, 08:35:08 AM
 #10

Ive still relatively new to the bitcoin world, but for about've been watching the last month ive been watching mtgox and btc-e and I really want to start going back and forth from selling high and buying  low. I know many of you probably already do this but I'm still waiting on my asic so I wil; be able to mine for myself. I'm not looking a big loan just something to get me started. I currently have only 2 btc but I'd like to have 10btc to start trading back and forth. If anyone would like to help me get up and started I'd appreciate it greatly. I only want the loan for about a week and the details of interest I guess we can disscuss if anyone is willing to help. Even if 8 people could help me with 1 btc each or 20 people 0.5btc id really appreciate it and be willing to pay a little interest along next week. Thanks for listening guys and if any1 is interested just hit me up on this post or message if you want and we can talk more about it  Smiley

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