New to the Bitcointalk community, but as a long-time reader about Bitcoin, I thought it might not be a bad idea to share some views about Bitcoin Exchanges. Candidly and personally, though I have been a little put-off by the
latent centralization trends in Bitcoin mining - ostensibly, the mining empires of the early adopters - I think Bitcoin Exchanges can serve to provide a profit incentive to getting involved with Bitcoin, regardless of how computationally expensive the mining itself has become, and the hardware for the mining too.
I started reading about the
Kraken exchange, shortly ago. I've begun to see albeit a very mild profit in my own exchanges there - have been trying to work out something of a trading system onto the exchange, as so, but there's not yet a lot of clear mathematical proof I could share about that much. I think it's great that
Kraken makes currency trading so simple, though.
In reviewing the order books on the exchange - applying the
TabTrader app - I've noticed that a lot of the exchanges don't seem to be showing a lot of volume turnover. The
'last trades' list in TabTrader's exchange
Watchlist panel provides a nice, convenient metric to that much - that when the
last trade was over an hour ago, it may not be a very fast moving market, one could even say it is then a
stagnant market.
Not as though to think in all of a Bitbox, I've noticed that there are some FOREX brokers that offer deposit services for Bitcoin,
and such that are available to FOREX traders in the US - such that many brokers are not, perhaps unavailable in the US as due to the new CFD shares, as may be offered by some FOREX brokers in the EU and so on. I'm favoring
Profiforex. Of course, there's also
TradersWay, both of which are available to FOREX traders in the US.
If I was in the EU, I believe I might look at
FXOpen or
plus500 as FOREX brokers.
I've found a few books about FOREX at
Safari Books Online, such that might serve to explain the nature of capital exchange trading overall, but I wouldn't want to write a book about it here in the forum, of course. My main concern, I believe, is that we need more people trading or the markets all start to grow moss, LoL.
