2015 Oh What A Year In CryptoCurrencies

I will probably be changing up the `targeting' of this website soon if not later today to DEemphasize the `trade page' and to talk more if not much more about actual trading of cryptocurrencies... since I'm now a year into doing so.... and have learned much in just the last six months since the last post here.

First, the number of crypto exchanges that I currently really trade upon is down to ONE - Poloniex. It's unfortunate as for most of the year Cryptsy was probably my real favorite and Bittrex wasn't far behind... but as the year wore on and especially after Ethereum hit the market - the trends were very clear... the exchange to be on was Poloniex. 

Indeed, as the year was ending... communication from the administration of some exchanges seemed to crawl to a halt which eventually lead to a run on the exchanges with folks willing to exchange value for simply getting coins out. (Cryptsy) - All that said, I don't know if anyone has been anything more than delayed in getting their value. However, now the fear of having all the eggs in one basket is present.

Overall I've done well to quite well IMO - more than doubling my trading BTC value over the year (but taking some of the `profit' and buying into other crypto things)... so I'v ended up the year having small amounts of BTC value (under .1 at each exchange) at Bittrex and Cryptsy and about (as of this AM) .52 BTC that I'm trading on Poloniex. I will try in 2016 to bring to you more of my trading strategy at Poloniex..... where the volume is high enough on many coins to be fully trade-able with some patience.
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2016 Beginning Trade Positions

First... remember that this trading of crypto began as purely penny ante stuff... and to many it remains it. But these days at Poloniex I am maintaining an ETH balance (Ethereum) as I don't want to be caught short IF and WHEN the price potentially escalates ... being possibly the only coin with more developers NOT directly with the ETH team.... supposedly upwards of 100 applications and projects in infant stage...etc.

I also am of most recent been trading Game Credits coin... catching most of it's recent rise fortunately and increase in volume... it's the only active trade I have going other than BUY orders set after a compelling drop from today's levels on several other coins including Lumens and Ripple (ETH and FAC too). And while it's taken some period of time - it's obviously important to stress to newbies the direct inverse  relationship of nearly all coins to the fiat price of BTC - and the need to keep a portion of your BTC dry for particualar coin free fall drops - which happen on nearly all coins at some interval.

Patience.

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Don't forget to see my main Bitcoin Blog which is ranked in the top 4 million worldwide.

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Have a great 2016!

100 Days Later - The UpdateSo

As anyone who follows the cryptocurrency space of things... it has been very active for the development of bitcoin... not all for the good... over the last 100 days... including a `crash' with a spike down to 92 dollars for a few moments in January on Cryptsy... as if to show the potential shallowness of the full marketplace... and millions of dollars and bitcoins have been lost in scams via coins and exchanges... little to be returned and massive drops of coins onto the market from these ripoffs.

But, during the volatile 100 days... I became a trader, moved into new exchanges and out again (like C-Cex) and in general DOUBLED TO TRIPLED my trading stake thanks to investments in the NavajoCoin mainly. I've also had nice trades at times with Mazacoin, Gamerholic, and others too..... such as HTML5, Leaf, and Einsteinium. 

I'm still using Bluetrade very occasionally and have about 0.128 btc there (from original .10).... but.. I made about 900 trades before slowing down... occasionally you can still get good info in the chatbox there too from developers.......My favorite exchange is Cryptsy where my original stake of .15 btc has grown to .51 btc (spiked much higher recently) -- at one time I traded 2 btc in 2 weeks... but have scaled back to about .6 btc in 2 weeks. Cryptsy is where I have my `dry' trading btc as I sold most of my Navajo position there. Mainly because Bittrex is where the thickest Navajo coin market is (much like Cryptsy has a deeper market like Mazacoin)... and it's easier to find coins to trade into on Cryptsy.

Anyway at Bittrex my initial start of 0.15 bitcoin is 0.41 bitcoin... I've sold NONE of my NavajoCoin stake there. Bittrex seems to have some good new coins too to trade....like Ribbit Rewards. Finally on Polonex... I've struggled mightly after buying into the peaks of Ripple and Stellar a few months ago but have recovered even there from a 0.10 start to 0.14btc.... Now playing the CounterParty Exchange coin.

So, as spring starts today... expect a more updated blog here... and thanks for hanging in there... 
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As you can see on this page... I use this blog to showcase the ad space that can be bought on this blog AND Barfstew --- nearly 1000 pageviews a day.

Quicksilver Coin - ESportsCoin - Trades

Today's Follow-Up

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Yesterdays Trade

QUICKSILVER COIN

(copy and pasted from yesterday's post)

12/04/2014 11:20:57 12/04/2014 11:20:57 Buy 0.00003602

12/04/2014 11:23:25 Sell 0.00004250

12/04/2014 11:24:05 Sell 0.00004505

12/04/2014 11:24:47 Sell 0.00005005

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I think this will run up once again soon - are you in?

The Results

2/04/2014 20:48:46 12/04/2014 20:48:46 Sell 0.00004086

When I saw it up but sputtering, I decided that a sell of 

most of the buy at 4086 was in order - a 13.4% gain in 9 

hours, near the high of 4114 before retreating. I still have

 the 4250 position with about 40% of the remaining state 

bought at 3602.

Current #11:01AM

buys at 4013 sells 4182

I've decided to hold for now, rather than take the 10% or so up -  and coax out that 4250

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also on Bittrex

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E SPORTS COIN

(COPY AND PASTED FROM WEDNESDAY'S POST)

Current position at Bittrex on ESC - bought at 702, 535 (463)

                                                                asking 790, (put second batch at 1110)

                                                                current - 464 @2:45pm eastern - (I think I'll buy some more)

12/03/2014 14:47:56 12/03/2014 14:47:56 Buy 0.00000463 550.00000000 550.00000000 0.00000462 0.00254994

2/02/2014 19:19:53 Sell 0.00000790 0.00000000 1100.00000000 0.00000000 0.00866827

12/02/2014 19:18:45 12/02/2014 19:18:44 Buy 0.00000535 480.00000000 480.00000000 0.00000535 0.00257442

12/01/2014 07:59:40 12/01/2014 05:36:52 Buy 0.00000702 715.00000000 715.00000000 0.00000702 0.00503184

SINCE WEDNESDAY

current as of 11:10 AM Friday

12/03/2014 14:50:48 Sell 0.00001110 0.00000000

12/02/2014 19:19:53 Sell 0.00000790

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Recent sale at 475 but last sale at 427

Going to hold, been a week since any real action, too 

much in hold and sale bin to be quiet for too much 

longer (I hope lol.) Thin market for each 790 and 1110 

level.

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Hey Tell A Buddy About The Trading Tipsheet

Welcome To Bitcoins In Trade

In August 2014 I became a Bitcoin owner when the price dipped below 600 dollars... buying my first BIT of bitcoin... literally a nickles worth 0.05 btc. Since then I've made a number of similar purchases that tracked the value of one bitcoin DOWN from the 600 dollar plateau it had been on for most of 2014.... indeed, most of the purchases I've made have been at the new seemingly unstable plateau of 350-380 usd - as some of you know, bitcoin lost much value quite quickly and (Alibaba intro?) at one point and dipped into the 290's briefly.

Since I was immediately `losing money' when my only cryptocurrency was bitcoin - within a month I was `into' some of the first `exchanges' I had found - to change my bitcoin into some of the new flourishing `other' BITCOIN type of digital currencies..... and in just the last 90 days THAT category has EXPLODED with `new named coins' - of which many are VERY TARGETED to fill the needs within a niche (and for traders too) - niches as small as DeafCoin, POWcoin for comic book fans, etc.

At the same time - other `new currencies' are aiming HUGE - like at WHOLE Countries as their goal.... perhaps first started by the MazaCoin... readers will find this idea... that a coin could serve a smaller nation... any smaller nation... perhaps as well overall as a fiat currency.... is one of my first `marketing positionings' of my `investment' in brand names of coins; because with over 1000 coins and more flooding expected... only the best suited with the best attributes will survive the ultimate shakeout.

So, that is at least one positioning for this blog - that Coins will be often be talked about as brands.... and what attributes the brand is filling in the marketplace and if that will have legs.... all beyond also covering the flames and scams and scums of the cryptocoin world.... From the absurdly priced - to those building an empire from the bottom. And, finally - this blog will broadly look at some of the ultimate potentials of digital currencies and politics. Much of this will be also covered if not covered more deeply at my `other' Bitcoin blog called Bitcoin --- The Barf, The Stew, The Winners.

Lastly, all the above will be funneled into providing `trade action' - hopefully on a new daily basis... recommendations if you will. That will be easily trackable. Also, `winning' trade sequences will also be shared (as will some of the ugly ones too). Indeed, this blog may update multi-times daily, possibly ... we will see how it all plays out.
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So, I'm involved with several `exchanges' and to a degree as of now am using each primarily for different purposes - those exchanges are Bluetrade which I use for the HTML5Coin trading against the Litecoin and hold a few coins for some obscure `nation' coins offered there. Bluetrade has many great features but is just getting its feet started and has extremely thin markets with only a few coins with active trading. In the chat area you often see the developers and miners of the coins. My trading at Bluetrade has turned challenging as the trading is just so thin. (Small Order Books)

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I'm mainly trading in bitcoin at Bittrex a much more active place with about 400-700 btc value a day being traded as of now on most days. Bittrex has many coins (but still limited) that trade actively .... for a time period... and then often the demand vanishes.... and that, believe it or not, can often offer an opportunity.

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I also have some bitcoin at Coins-E the first exchange I found and eventually left due to too thin trading. That said, sometimes a good arbitrage can be found there compared to other more active locations for coins.

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And, finally, but only for now - the last ACTIVE exchange I am on is Cryptsy which is very active - and has LiteCoin trading and Ripple trading too. The `feel' is a little `harder' IMO - but is not hard to get used to. They also reward traders - like Bluetrade (Bittrex does not reward) - but at a lower level IMO.

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All that said, just yesterday I was part of a Beta test at a new trading platform that looks real cool and supposedly has features like combining the exchanges you use into one screen - I was not able to do that in my first usage despite trying... so we will see. I'll reserve that name for now.

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One of the main features of this blog will be `Coin Picks' - kind of like a bookie tip sheet for coins - coin picks will be of all sorts from longshots (like today's) with big payoffs - to simply calls on the expected market direction of some particular coin.

TODAY'S LONGSHOT

Just Bought 11/30-12:26PM

NewUniversalDollar (Bittrex) at 0.00000214

I set my sell price in the 600's - this could be ready to pop due to low volume, thin market, and some level of folks wanting to save it IMO.
often but not always I will update my picks
do your homework and legwork
UPDATE 12/1-8:34AM, last trade was at 205 - little action yesterday, huge spread, you can still get in on this. Buy and set your sell price lower for even surer action. 

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More Soon 
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IF you have something to trade for Bitcoin, please make sure to check out the Bitcoins In Trade Page (ONE NEW LISTING) - you can even list for FREE!

IF you are a potential banner advertiser and have a bitcoin related product to sell like a coin, mining machine, etc. - please be sure to check out the very reasonable rates for advertising to Bitcoins In Trade's very targeted audience. Find that info Here.

Finally - need more bitcoin reading?
Bitcoin, The Barf, The Stew, The Winners
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THANKS FOR YOUR INITIAL READERSHIP
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