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RE: Crypto Speculator Threatens Bytecoin, possible cheap BCN in a week or two
o yes have BCN and i mine on my laptop with cpu when i not use it . BCN is 0 transaction fee, very cool and is quick.
o yes have BCN and i mine on my laptop with cpu when i not use it . BCN is 0 transaction fee, very cool and is quick.
It's a neat crypto. Doubt many of us will get rich off of it but good way to get ones feet wet in the crypto market and make a little side money possibly. You're right on it being fast as well and 0 fee. You might be able to pick up some cheaper soon here.
well it surely boosted my income trading it back and forth, those pennies make a masive difference compared to trading high valued coins
What kind of strategy did you use? I would be curious. I can understand that too. While I've done short trades on lower price cryptos I more buy and hold the high priced ones.
I don't have one yet, or so I think.. I just basically go with the trend, try to get into a trend as fast as i can , and get out just as fast. trends tend to hook you. I'm currently on a mission, a goal I would like to reach, trying to make a million from a $30.. which i just turned into $86, from Bytecoin , there's was quite a demand about an hour ago, you should have seen that baby rise... it's a bit tough juggling between my job and trading. I don't get time to trade really. i just try to buy as low as I can, i always look out for sell walls. as soon as i see an above average sell order. I don't buy, because than everyone would want to dump. but if i see small sell orders that are not blocking price from rising, and there's a demand, a big-ish number of buyers, i try to buy as low as i can or at market price, and sell a little higher from what I paid for it, I always try not to go lower than what I paid for it. I can say i make about 80% winning trades. even if i make 2 satoshis , for me it's still a win.. profit is profit right? the only time i fail, is when i get greedy, or get in too deep in a trend.
oh and, I would have been at $92, but my brother did something on the net, i lost $6 due to my network being cut for 5 minutes.
I got you buy low sell high. I've done that with several cyrptos but never bothered with bytecoin due to the low value. More just been doing a buy and hold stragety but maybe I'll give that a shot sometime.
I feel your pain between work, family, my girl, seems to never be enough time for all of the crypto trading and research.
I appreciate the info on how you do it. Hope you get closer to that goal soon.