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Catallaxy
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I got into trading in order to support missions and ministries. In 1998 it was the wild west of pennystocks. It seemed so easy. So I promptly lost 3/4 of a small inheritance that I got. I buckled down and averaged down on a solid deal that started @ .43 and went down to .023 and then back to... More
  • Cryptotrading - A Primer For A New Market 0 comments
    Apr 25, 2014 11:03 PM

    Bitcoin has established a new trading frontier. Likely due to the over half dozen Forbes Midas winners supporting it's market development.

    One of my favorite tools for discovering just who is making a new market is: Muckety Maps www.muckety.com/Bitcoin/5098400.muckety

    A quick dig into the interactive map will show you the massive support readying for this new market. Including Google, Andreesen Horowitz and the Winklevoss twins.

    The market is currently very immature; similar to the very first weeks of Currency Trading. It is however quickly forming into a great opportunity for experienced traders.

    I have bought and sold quite a variety of them to work up a "Proof of Concept" trading system. The only coins that do well are the ones that have good support, solid marketing, and a smart foundational concept.

    The rest simply die on the vine like a tired penny-stock scam.

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