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Thursday, May 28, 2015

Buying `Scarcity' In A Crypto Currency World

There's a bit of humor in saying that `virtual' items/currencies - can be in abundance or `scarcity' - but as one knows.... scarcity as an attribute is one of the drivers of `value' in our fiat world. And, one of the outcomes of my recent analysis that I did at Bitcoin - The Barf The Stew The Winners - where I conducted an analysis of Cryptos by `numbers available' - segmenting 543 coins into 10 segments of like numbered coins, is that I've changed my investments to a degree... to own that scarcity.

As you might assume and I do hope that you read the link - coins of each category had some real winners in value as perceived by the public. But -- for me -- the outcome for at least now was to prompt me into KNOWING the coins better that `are fewer in number'... and that has led to a near C-Change in how I am currently `investing' in the cryptocurrencies... namely, making sure the `scarce' coins are a bigger % of investments.
NEW COINS I'VE BOUGHT
*purchase price
CRYPTSY 
8BIT - 0.00016165
BITBAR - 0.00393939
RONPAULCOIN - 0.00008794
Now, I bought others too... but I wanted to show that many low count (scarce) coins can be had for a variety of prices. Rand Paul has already accepted Bitcoin in his campaign... can you imaging if he endorsed crypto or was forced to talk about the Ron Paul Coin? It would take OFF IMO.
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These are some new buys I've made on Bittrex that reflect an increase in scarce coins into my portfolio.

BITTREX
ETHER - 0.0029932
GLOWSHARES - 0.00002472
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Finally... some of the moves I've made recently at Poloniex based on buying scarcity.

CRYPTOGRAPHIC ANOMALY - 0.00003500 -
                                            0.00006300
BITCOINPLUS - 0.00052193
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Eventually, the coin market could ultimately be like the fiat coin market - less production means scarcity which means value -- don't be left out of having at least a piece of that strategy.
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Saturday, May 2, 2015

Whale Splashes MOVE Market - The 30 Satoshi Selldown On Cryptsy

Recently at Cryptsy... several coins were hit with MASSIVE sells orders by one holder of the coins... normally called a whale in Cryptocurrencies... those that can move markets hugely. I most recently noticed it today on the AuroraCoin -- it happened to it April 16th Link Here from 15,000 satoshi to 30 in one flash crash. I first noticed this `sell to 30 Satoshi' (from 300's) phenomena with the PotCoin .... April 21st and April 16th... each time stopping the selling at 30. I also noticed it on another coin but didn't bookmark it. 

DID SOME BIG MONEY DECIDE TO GET OUT OF CRYPTO?

In each of the Whale sells... buying in was an immediate good move. It was also an incredible payoff for those SHARKS that set low buy orders and got them filled... especially on the AuroraCoin. The opposite, of course, is also true when setting your own sell prices... occasionally a reason to own a coin is that it is frequented by the occasional whale pumpers (not all coins have them) who, IF YOU WAIT long enough, and are lucky enough.. may return for that 10x current value BUYIN - or at least a 3-4x return. Whale pods... seen and growing in crypto?
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I'm sad to  report that I've withdrawn about 80% of the small trading stake I had at Bluetrade... and it's volume has been falling off the charts with NO coins having over 1BTC in trade yesterday(4/30)... too bad. I guess there might be some good prices as folks pull out and sell for dust ... but.. put those bids in carefully as you know how exchanges and money seems to vanish when trading vanishes. I split my pulled BTC from Bluetrade between Cryptsy and Poloniex.
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I updated at Barfstew today.... about bitcoin Payment Gateways... gotta be able to do more than trade in the long run.
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