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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Have a great 2016!
