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Author Topic: ixcoin trading more profitable right now than bitcoins or namecoins  (Read 703 times)
rsat
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August 23, 2011, 03:26:22 PM
 #1

Wanted to post this in the trading forum, but anyways..

I just did some computations and noticed the following.  If you take
fees into account, I compared bitparking and mtgox current trading
rates based on recent range of values in the last few days.

mtgox has varied between about 10.8 and 11.6 USD in the last 5 days.

namecoin on bitparking has varied between 0.027 and 0.031 BTC.

In the last 2 days, ixcoin on bitparking has varied between 0.0011 and
0.0009 BTC.

So, although ixcoins are clearly worth way less than other currencies,
its price varies much more.

Taking fees into account, I get the following.  If you,

  • Sold 1 BTC at 11.6 and bought at 10.8, you'd get 1.00437 BTC back.
  • Sold 1 NMC at 0.031 and bought at 0.027, you'd get 1.146 NMC back.
  • Sold 1 IXC at 0.0011 and bought at 0.0009, you'd get 1.22 IXC back.

So from a percentage profit point of view, it seems that ixcoins is
more interesting for trading.

Thoughts?
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Hydroponies
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August 23, 2011, 04:07:13 PM
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how about the HP TouchPad?

Sell one for 400€, buy back 4 TouchPads @100€ each. Voilà, you've made a profit of 3 TouchPads.   ;-D

http://geizhals.at/eu/?phist=652342

We are a Pony Collective seeking to establish the Ponycoin as a new successful cryptocurrency for everypony.
The Ponycoin will feature dashingly fast transactions and will let you mine for hooves and other pony stuff.
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August 23, 2011, 04:16:45 PM
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how about the HP TouchPad?

Sell one for 400€, buy back 4 TouchPads @100€ each. Voilà, you've made a profit of 3 TouchPads.   ;-D

http://geizhals.at/eu/?phist=652342


OT, and taking away from the good calculations done by the OP, but hilarious!  Grin

http://www.bitcointorrentz.com/images/bct_button_117_30.png - BitCoinTorrentz.com: High-speed HTTP torrent downloads. 0.05 btc/gb. Up to 50% discount with free membership!
rsat
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August 23, 2011, 04:59:30 PM
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Funny but I get your point. Such a strategy is only good as long as the low is temporary; as long as you can eventually sell off the cheaper ixcoins you purchased.  However, I see no problem in trading ixcoins for short term profit, as I don't see them dropping immediately to zero-- they are already obscenely low and have stayed at the same level for almost a week.  I don't see how the current value could be anything but a low, even if the high would be only 0.002.  Buying at 0.0009 is a great strategy; even if it only goes up to 0.002, you've doubled your investment.  Emphasis on "short term", of course.
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August 23, 2011, 05:04:15 PM
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how about the HP TouchPad?

Sell one for 400€, buy back 4 TouchPads @100€ each. Voilà, you've made a profit of 3 TouchPads.   ;-D

http://geizhals.at/eu/?phist=652342


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August 23, 2011, 05:13:32 PM
 #6

so what you are saying is they are volatile
interesting you left off i0coins and solidcoins.. didnt want to look at them?

solidcoins recently went from 0.0009 to .0038

but play with the coin you want.

mooo for rent
Hydroponies
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August 23, 2011, 06:48:52 PM
 #7

Funny but I get your point. Such a strategy is only good as long as the low is temporary; as long as you can eventually sell off the cheaper ixcoins you purchased.  However, I see no problem in trading ixcoins for short term profit, as I don't see them dropping immediately to zero-- they are already obscenely low and have stayed at the same level for almost a week.  I don't see how the current value could be anything but a low, even if the high would be only 0.002.  Buying at 0.0009 is a great strategy; even if it only goes up to 0.002, you've doubled your investment.  Emphasis on "short term", of course.

It seems very difficult *to me* to foresee if the current exchange rate is a temporary low or may drop even further, especially in the case of the ixcoin i've read a lot of comments that the ixcoin is virtually dead since it doesn't have any differences/improvements over the bitcoin and therefore has no uses other than speculation.

i also had the idea for the rather stupid HP TouchPad example from the "dead" part, but now i realised your calculations are purely about volatility, i thought the ixcoin would simply have gone down by that. (and i thought it was still doing rather well....)


We are a Pony Collective seeking to establish the Ponycoin as a new successful cryptocurrency for everypony.
The Ponycoin will feature dashingly fast transactions and will let you mine for hooves and other pony stuff.
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