Bitcoin Forum
December 06, 2016, 02:21:51 PM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Bitcoin Trade Strategy Question  (Read 2627 times)
Cato
Newbie
*
Offline Offline

Activity: 13


View Profile
September 05, 2011, 03:16:10 PM
 #1

Hello,

I'm new to Bitcoin. I'm in the process of getting my first Bitcoin mining rig built, and I'd like to start trading Bitcoins soon. I watch the Bitcoin markets frequently at http://fnoose.com/bitcoin/arbitrage/ as it seems to give me the simplest breakdown as to what the markets are doing.

I'd like to know what trading strategies are being used successfully to trade Bitcoin. Would any of you be kind enough to detail your trading strategy in layman's terms and explain why and when it works along with the strategy's shortcomings? Thanks!

How to Build a Bitcoin Mining Rig on a Budget (http://www.squidoo.com/how-to-build-a-budget-bitcoin-mining-rig)
1481034111
Hero Member
*
Offline Offline

Posts: 1481034111

View Profile Personal Message (Offline)

Ignore
1481034111
Reply with quote  #2

1481034111
Report to moderator
1481034111
Hero Member
*
Offline Offline

Posts: 1481034111

View Profile Personal Message (Offline)

Ignore
1481034111
Reply with quote  #2

1481034111
Report to moderator
1481034111
Hero Member
*
Offline Offline

Posts: 1481034111

View Profile Personal Message (Offline)

Ignore
1481034111
Reply with quote  #2

1481034111
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481034111
Hero Member
*
Offline Offline

Posts: 1481034111

View Profile Personal Message (Offline)

Ignore
1481034111
Reply with quote  #2

1481034111
Report to moderator
ClownCoins
Newbie
*
Offline Offline

Activity: 18



View Profile
September 05, 2011, 03:25:10 PM
 #2

The most effective strategy seems to be to offer something in return for bitcoins and then disappear without trace. You may be able to gain some marketplace advantage if you can come up with an innovative new twist on this basic mode of operation.

ClownCoins are just like Bitcoins except when they arrive they make a huge bang and then the wheels fall off. Oh, wait...
Cato
Newbie
*
Offline Offline

Activity: 13


View Profile
September 05, 2011, 03:36:27 PM
 #3

Hahah. It is certainly true more than a few people have started online ventures trading goods and services for Bitcoins only to fold quickly. However, what I'm asking about has to do with Bitcoin trading in side of Bitcoin Exchanges.  Smiley

How to Build a Bitcoin Mining Rig on a Budget (http://www.squidoo.com/how-to-build-a-budget-bitcoin-mining-rig)
satyagrahi
Newbie
*
Offline Offline

Activity: 6


View Profile
September 05, 2011, 03:38:51 PM
 #4

You might also find this site useful:

http://bitcoinwatch.com/
ClownCoins
Newbie
*
Offline Offline

Activity: 18



View Profile
September 05, 2011, 03:46:06 PM
 #5

Ok then, what I would do is scrape these forums and analyse them for (and I'm being very simplistic here) happy/optimistic words vs. downbeat/pessimistic/red-flag words and trade based on those sentiments.

You'll need some method of discerning and excluding false signals injected by the masonic professional veteran trolls from somethingwaffle.com

ClownCoins are just like Bitcoins except when they arrive they make a huge bang and then the wheels fall off. Oh, wait...
Cato
Newbie
*
Offline Offline

Activity: 13


View Profile
September 05, 2011, 03:53:55 PM
 #6

Satyagrahi,

That is a nice site, I just bookmarked it, thank you. I've read http://blog.bitcoinwatch.com/ from time to time. That's actually relevant to my question. Bitcoin isn't a traditional financial tool and it does not seem behave like one either. So, I don't understand the mechanisms this blogger is using to predict the Bitcoin market movements---let alone the strategies that others are using to successively trade Bitcoin.

The only thing that jumps out at me is that there does seem to be a 12 hr up/down cycle in the Bitcoin market, but I could be mistaken.

How to Build a Bitcoin Mining Rig on a Budget (http://www.squidoo.com/how-to-build-a-budget-bitcoin-mining-rig)
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!