dw, just to continue our private conversation, Iâ€
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Posted On: 09/19/2018 10:06:44 PM
dw, just to continue our private conversation, I’m presently not investing in any new OTC companies. They’re all pretty worthless and I’m already sitting on bags in 5 with 1 delisted and 1 in the grays. It’s just as convenient to donate to the casino; at least you get some enjoyment out of that instead of watching IHUB goons and scam CEOs take your cash.
My focus is fully on cryptocurrencies at present. I use Coinbase to trade bitcoin, lite coin and etherium. Presently I’m only swing trading BTC as it’s moves can be anywhere from 3-5% in a 24 hour period over several days.
The bulls and bears have been arguing over its demise or reemergence since it’s drop from almost 20K. I’ve been learning about the block chain and uses of BTC as a digital currency and am pretty confident that a 110 billion dollar asset is going nowhere any time soon.
There are a few advantages to trading cryptos over OTC garbage.
1. There are no brokerage fees. You download the Coinbase app and it’ll cost you $3 per trade.
2. You can trade 24/7/365 from anywhere without having to wait for a trade to clear.
3. Once you deposit your money in Coinbase it’s available immediately. No 3-day wait for brokerage clearing.
4. No friggin market makers. The manipulation only comes from the short sellers, whales and miners. Miners actually benefit when prices rise, so they’re the good guys.
5. No dilution, no toxic debt and no BS artist CEOs who take the cash and run.
6. Easy withdrawals and deposits right back to your bank or you can conveniently keep your money in your virtual wallet right on the app.
7. Ever improving Coinbase security and your money is insured from a breach. Most Coinbase funds are held in an offline acct.
8. Alt coins such as Ripple and Dash are coming soon to Coinbase. Reportedly up to 37 coins will be able to be traded in the future and yes many are micro priced.
I use bitstamp.net to chart trading which has been averaging over 3 billion daily. Same type of oscillators and trading tools can be used for any coin. I’m comfortable with BTC as the market cap is strong and unregulated trading, although risky, is controlled by traders and the news the currencies produce.
So far it’s been educational and fun to trade. I by no means know a lot about cryptos, but I know that exchanges are opening worldwide, companies like Morgan Stanley are attempting to develop a platform for 401k trading, and Citibank has been kicking the can.
Big banks, institutional and Wall Street are not involved in any major way. If that should ever happen, and I think it will, bitcoin could very well explode past 100k. Remember BTC is still relatively young at 9 years old. There is still a tremendous amount of growth potential in this market.
I’d advise anyone interested to research both the positives and negatives of cryptos, but I think the big three are here and here to stay.
My focus is fully on cryptocurrencies at present. I use Coinbase to trade bitcoin, lite coin and etherium. Presently I’m only swing trading BTC as it’s moves can be anywhere from 3-5% in a 24 hour period over several days.
The bulls and bears have been arguing over its demise or reemergence since it’s drop from almost 20K. I’ve been learning about the block chain and uses of BTC as a digital currency and am pretty confident that a 110 billion dollar asset is going nowhere any time soon.
There are a few advantages to trading cryptos over OTC garbage.
1. There are no brokerage fees. You download the Coinbase app and it’ll cost you $3 per trade.
2. You can trade 24/7/365 from anywhere without having to wait for a trade to clear.
3. Once you deposit your money in Coinbase it’s available immediately. No 3-day wait for brokerage clearing.
4. No friggin market makers. The manipulation only comes from the short sellers, whales and miners. Miners actually benefit when prices rise, so they’re the good guys.
5. No dilution, no toxic debt and no BS artist CEOs who take the cash and run.
6. Easy withdrawals and deposits right back to your bank or you can conveniently keep your money in your virtual wallet right on the app.
7. Ever improving Coinbase security and your money is insured from a breach. Most Coinbase funds are held in an offline acct.
8. Alt coins such as Ripple and Dash are coming soon to Coinbase. Reportedly up to 37 coins will be able to be traded in the future and yes many are micro priced.
I use bitstamp.net to chart trading which has been averaging over 3 billion daily. Same type of oscillators and trading tools can be used for any coin. I’m comfortable with BTC as the market cap is strong and unregulated trading, although risky, is controlled by traders and the news the currencies produce.
So far it’s been educational and fun to trade. I by no means know a lot about cryptos, but I know that exchanges are opening worldwide, companies like Morgan Stanley are attempting to develop a platform for 401k trading, and Citibank has been kicking the can.
Big banks, institutional and Wall Street are not involved in any major way. If that should ever happen, and I think it will, bitcoin could very well explode past 100k. Remember BTC is still relatively young at 9 years old. There is still a tremendous amount of growth potential in this market.
I’d advise anyone interested to research both the positives and negatives of cryptos, but I think the big three are here and here to stay.
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