Showing posts with label Buy And Hold. Show all posts
Showing posts with label Buy And Hold. Show all posts

Thursday, February 6, 2014

Atomic Trade Launch Party, Day Trading, & Poker Freerolls

Last night Atomic-Trade officially launch their cryptocurrency exchange with 0% buy fee for the whole 3 hour launch party. They have USD/BTC, LTC/BTC, FTC/BTC, XPM/BTC, WDC/BTC, BLC/BTC, HBN/BTC, PXL/BTC, LOT/BTC, GME/BTC, ATP/BTC, and FRK/BTC. Yes, that is a lot of pairs to start with but you have to give the people what they want right?

If you dont know what all the pairs are. Here is the list of them all vs the bitcoin (BTC).

  • USD = US Dollar
  • LTC = Litecoin
  • FTC = Feathercoin
  • XPM = Primecoin
  • WDC = Worldcoin
  • BLC = Blakecoin
  • HBN = Hobonickels
  • PXL = Pxlcoin
  • LOT = Lottocoin
  • GME = Gamecoin
  • ATP = Atomic Points (Earn these by trading and referring other traders to the site)
  • FRK = Franko
And that's the full list of the trading pairs at Atomic-Trade. During the launch party in the websites chat box the developer was doing giveaways and I was lucky enough to have received coins during the launch party. I received 10 blakecoins, 10 pxlcoins, and 10,000 lottocoins. In my account the estimated value of these coins are $4.11. I plan on holding onto these coins and wait for them to go up in value a bit before I sell for bitcoins.

Since its new not that many crypto traders are there yet. So the volume is low for now. I believe once some mining pools catch hold to it and day traders the volume will jump up. Also the fees are low compared to other exchanges. Also, this exchange I feel safe with my coins there. The exchange is owned by a US based company and not some guy that threw up an exchange in his spare time.

Anyway, the price of dogecoins jumped up a bit yesterday and I was able to sell the 200 dogecoins I bought in the late night day before yesterday for a small profit. I don't know what I took on the challenge of day trading my poker winnings since lately I have been losing at poker. I even began playing the freerolls at Betcoin Poker to rebuild my poker bankroll to keep my day trading fund growing. Because day trading with less than 1 bitcoin is a struggle to grow fast.

Saturday, January 25, 2014

Cryptsy: Buy And Hold Dogecoin

Today, I deposit ฿0.025 into Cryptsy and bought 10,000 dogecoins for ฿0.00000216 each for a total of ฿0.02164320 . The price dropped a bit right after I bought which means I could have gotten more for my bitcoins but this is a buy and hold strategy since so many people support dogecoins.

My plan here is to hold until selling is running through my mind for a week straight so I would have no choice but to sell. Even if the price drop I will not sell. The only way I would is if the price per dogecoin goes to ฿0.01 or higher.

Well that is my only play for today. I will post more when I make another move.