Anyone into Trading Online Currency?

18 replies
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Just want to know if there are members out here who are trading online irreversible currencies such as Perfect Money / WMZ / Crypto Currency ( Bitcoin. Litecoin) Paypal and LR ( Well Lr has been gone but that's just an example)
#currency #online #trading
  • Profile picture of the author BrianBPerez
    Really can't believe there are not much people that are in the market for this here.
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    • Profile picture of the author AntonioSeegars1
      [DELETED]
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      • Profile picture of the author BrianBPerez
        Originally Posted by AntonioSeegars1 View Post

        I've been looking at the Bitcoin market, but I'm getting the feeling it's a financial bubble, like the technology bubble in the 2000s.

        Every section of business has a market volatility and we can't change that or predict what's good and whats bad that's why that's the thrill in marketing and starting a business or venturing to establish one as there is a risk involve in every decision you make ( Well that's just my opinion as im a thrill seeking guy and want to experience new things and understand things clearly and how the market works or the niche works) . Plus the crypto currency just recently bloomed so that's why theirs a financial bubble but it will settle just as the technology market in early late 90's to early 2000's
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  • Profile picture of the author Spree Ads
    Banned
    Hey man Glad i see a fellow Online Currency trader here.

    yeah have been up on the market but the market is really volatile as because of the Crypto Currencies coming in. But still a profitable market.

    Cheers
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  • Profile picture of the author naidyphoon
    I used to trade a little on OANDA , not anymore now.
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  • Profile picture of the author oWriter
    Banned
    I haven't done it but I know someone who buys PayPal in exchange of hard cold cash
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    • Profile picture of the author XponentSYS
      Okay...

      Originally Posted by oWriter View Post

      I haven't done it but I know someone who buys PayPal in exchange of hard cold cash
      There's a strong possibility I'm a jack-ass here but what does it mean to "buy PayPal in leu of cash..."

      I've been doing this full time north of a decade and the ONLY way I know PayPal is as a vehicle with which one conducts a monetary transaction?

      Am I "in the dark" about something?
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      • Profile picture of the author agmccall
        This thread should be in the off topic section of the forum

        I went ahead and reported to the moderators to have it moved for you.

        al
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  • Profile picture of the author BrianBPerez
    Thank you man.

    So anyone here into trading online currencies
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  • The Bots we've created accumulate Altcoin Gains no matter what direction the market goes.

    BC
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    • Profile picture of the author Mark Maffei
      Originally Posted by BitcoinCorporationNet View Post

      The Bots we've created accumulate Altcoin Gains no matter what direction the market goes.

      BC
      Open source?
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      • Originally Posted by Mark M. Bravura View Post

        Open source?
        No, not at this time.

        BC
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  • Profile picture of the author jacktackett
    I'm mining bit and script based now. Not a lot, just getting my feet wet. To be honest these currencies are too volatile to trade for me at this time, but I am following the various arbitrage patterns, will be interesting to see what happens if/when mtgox gets back to allowing withdraws.
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  • Profile picture of the author Ebi Truz
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    • Profile picture of the author sbucciarel
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      Originally Posted by Ebi Truz View Post

      Is it true that an average joe can earn 5 figue a month? Risks are there? what will be the investment for that? and what time to be spent for that?
      If it were true, wouldn't everyone here be doing it?
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    • Profile picture of the author Mark Maffei
      Originally Posted by Ebi Truz View Post

      Hi, Can you explain more about this fancy selling line? ""The Bitcoin Arbitrage Method - This extremely lethal method would land the average joe in JAIL, or shot dead - but you get all the secrets of becoming a bit coin arbitrager that makes a full time 5-figure income each month"" Is it true that an average joe can earn 5 figue a month? Risks are there? what will be the investment for that? and what time to be spent for that?
      Minus the Marketing Hype: The arbitrage part is absolutely true (i.e. Bter / Cryptsy). This is precisely the featured topic I'll be covering in Tao of Bitcoin #3.

      However, as for the "five figures" part... that whole-heartedly depends on your trading knowledge (i.e. able to fluently read Candlestick Charts, etc.) and your appetite for risk (.vs your hedging strategy).

      3 - 4 figures is not a stretch if you actually know what you're doing and have a knack for this sort of thing (liken it to the patience of duck hunting or golf).

      If you realistically hope to achieve 5 figures a month as a crypto day trader, you need to into it eyes wide open and treat it like a real business, not merely some hobby.
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    • Profile picture of the author Kay King
      Exactly - and another good article:

      Bitcoin virtual currency is on verge of collapse - latimes.com

      Risks are there?
      Of course - high risk. And some will profit and some will lose. Nothing new there.
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      • Profile picture of the author Mark Maffei
        Originally Posted by Kay King View Post

        Exactly - and another good article:

        Bitcoin virtual currency is on verge of collapse - latimes.com



        Of course - high risk. And some will profit and some will lose. Nothing new there.
        Risks? Both crypto and fiat are risky, albeit for two entirely different sets of reasons.

        As for the media hyperbola of the above article, BTC has not only stabilized since the Mt. Gox Disaster -and- is slowly back into an upswing. And while Mt. Gox (and all centralized exchanges, for that matter) really need to go away, my bet is still on BTC.

        Not only will it continue to stabilize, and again increase in value... it will once again (4th time when it happens again) cross the four figure mark on it's continued ascent.
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  • Profile picture of the author workoutstuff1
    I've been looking into bitcoins, but haven't started investing in it as of yet.
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