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RE: Rubycoin: Hot or Not?
Thanks for the comment, but it'd be more useful if YOU, a user of Traderdaddy, can explain the liquidity benefit you're claiming. While it's true I am not using TraderDaddy, I also don't stick my hand in fires bc i know it's not useful from studies in science. I'm happy to try TraderDaddy when it can explain the benefit so an experienced trader can understand it. one thing we at harpooninvestor understand, is liquidity, so we'd be HAPPY to have it explained how TraderDaddy somehow provides it in a beneficial way to the investor? We'd love it if you posted more explanation here, as it would be beneficial to anyone looking into Rubycoin and TraderDaddy.
You learn more by jumping in the pool, rather than pontificating on the nature of wetness.
Whether or not rubycoin is good or bad, or the association with traderdaddy is good or bad, I would not discover this through this article. I think Zen has a good point above, you have no frame of reference to understand what you are talking about here. You are talking about gorillas in the mist but you're not living with them. You do not understand them. If you spent any time on the rubycoin slack you would understand the rubycoin movement for what it is, an opportunity to part of a community that has similar goals and varying levels of knowledge and experience. I'm sorry to rip a little bit here, but I think if you had a little more first hand experience this article would be better.
For anybody interested in rubycoin or traderdaddy just pop into the slack sometime. The traderdaddy coders are pretty hands on in there and chill dudes from what I can tell. It's hard to put a pricetag on a good feeling but I get one from the ruby community, and that's just my personal experience from being on the platform for a couple months. Bittrex updated their minimum trades and other rules so traderdaddy went through a few updates in order to keep pace, and to tell you the truth it's even better now. It makes bittrex into something kind of like a self directed 401k and it's totally worth the ruby to participate. I actually prefer it to paying for a trading service monthly or a one time fee because the rubycoins themselves are a decent investment as well.
Used correctly traderdaddy will net you profit, but it does require at least .5 btc to start liquidity mode in a market and 500 rubycoins to work at all, so it is a significant investment to begin with. I gotta tell you though, day trading is stressful and for the causal user who just wants to buy on coinbase and feed it to a bot on bittrex, traderdaddy is kinda awesome. For the crypto-pro who is sitting on a stack of coins it is also pretty nice to be raking in btc on a regular basis without much effort besides choosing which markets (upto 20 now) and what percentage of your btc you want going into them. I could rattle off some numbers, but let's just say it's worth checking out if you got a btc or two in your pocket.