"GhostZ" (GhostZ)
12/29/2013 at 17:09 • Filed to: None
2
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"GhostZ" (GhostZ)
12/29/2013 at 17:09 • Filed to: None | 2
| 22 |
I started 5 days ago with $0.50. I just hit $35. Swagtacular E30s after the break.
Now I just wish I had started with $100 so I could pay this month's rent.
Rainbow
> GhostZ
12/29/2013 at 17:12 |
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How does it work exactly? Sounds pretty neat.
MountainCommand
> GhostZ
12/29/2013 at 17:14 |
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Hmmm, its that easy huh? Since this guy is accepting bit coins i better get started.
http://newjersey.craigslist.org/cto/4256572596…
carwitter
> GhostZ
12/29/2013 at 17:32 |
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Do explain...
TSLA
> Rainbow
12/29/2013 at 17:36 |
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lol does this look like 'fun' to you?
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GhostZ
> TSLA
12/29/2013 at 17:58 |
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To me? Yes.
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GhostZ
> carwitter
12/29/2013 at 18:02 |
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Bought into Bitcoin, then bought into litecoin. Trade litecoin while there were booms (>50% in 1 day) in the following currencies:
ELC
DOGE
LTC
FST
JKC
And then nested again with XPM.
Gaining about 400-500% In those. Litecoin doubled in that time, so when I moved back out to bitcoin today, the net gain was 800-1000%. It's only possible because watched the market carefully all day and sold right before it was coming down. 5 days straight of that in these type of booms means that I was only getting about 25-50% of what I could be, if I was a perfect trader, but it doesn't matter. The gains were high enough.
Burrito de EJ25
> GhostZ
12/29/2013 at 18:08 |
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LOL FOREVER @ BITCOIN
SnapUndersteer, Italian Spiderman
> GhostZ
12/29/2013 at 18:15 |
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What does strawberry Latawps think about this?
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SnapUndersteer, Italian Spiderman
> GhostZ
12/29/2013 at 18:16 |
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So what did you end up grossing overall?
AM3R
> GhostZ
12/29/2013 at 18:42 |
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Yeah I'm probably the only person under 20 that enjoys the stock market. This looks pretty good to me. Not fun, but something I'd want to do.
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TSLA
> GhostZ
12/29/2013 at 19:47 |
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Bitcoin was a bubble. A very large bubble. If you wanted to make money off of it you should have bought it while it was new. The bubble has burst. Now its just another bearish stock. I highly suggest you find something else to invest your money in. (studying econ/finance)
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GhostZ
> SnapUndersteer, Italian Spiderman
12/29/2013 at 20:13 |
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As of right now (I just caught a pair of 20% booms) I'm at about 50$.
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GhostZ
> TSLA
12/29/2013 at 20:24 |
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I'm getting an Econ BA from a top 0.1% college next year, so don't worry, my time is well-spent.
Bitcoin's $1200 price was a bubble. Long before I put any money (the whopping 50 cents) into it I did some study on the effects of hte price. Basically, if you normalize the price for the supply of BTC that is mined (which is very, very tightly controlled and naturally deflationary) the price becomes a Poisson cumulative distribution of new adopters, and it's just right past its first standard deviation. The Poisson distribution measures the cumulative probability of an event occurring over time, such as "probability of a red car passing by my house in the next hour". So yes, there have been a lot of bubbles, but the market trend is right on schedule with that technology adoption cycle.
That being said, every time Bitcoin/USD goes up 5% (and litecoin doesn't fall by a proportional amount) my investment actually goes up by about 50%, since it's nested through Litecoin/BTC and a portfolio of other currencies/LTC.
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GhostZ
> Burrito de EJ25
12/29/2013 at 20:50 |
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It's like being payed a doctor's salary to play "Operation", except the board game could explode in your face at any point.
Stef Schrader
> GhostZ
12/29/2013 at 20:59 |
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Want.
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GhostZ
> Rainbow
12/29/2013 at 21:05 |
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Coins are stored anonymously in a wallet, so no one owns a "bitcoin" you more or less own digital vouchers for a number of bitcoins worth $XXX , much like how a paper dollar is a paper voucher for something worth $1. From the wallet, you can then deposit and exchange coins with up to 150 different other online currencies (everything from World of Warcraft money to Dogecoins). Being in the right place at the right time can net huge returns.
You can 'mine' them, which expends processing power doing idle algorithms in the hopes of discovering a coin (often times the coin is split up to make it easier to find. Or you can trade them.
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TSLA
> GhostZ
12/29/2013 at 22:51 |
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So you bought litecoin? I have no problems with that then.
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GhostZ
> TSLA
12/29/2013 at 22:53 |
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I didn't actually buy anything, I used my laptop to mine 50 cents worth of some other currency and I've been shifting between the 100s of other currencies riding various booms and busts. I'm trading with LTC and other currencies right now because they're on the boom, but if Litecoin crashes, I'll go back to Bitcoin.
Sunray09
> Rainbow
12/30/2013 at 06:00 |
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How to Bitcoin in 3 easy steps.
1. Get a good quality USB Stick
2. Download Multibit & True Crypt
3. Load Multibit on to the USB and then Encrypt it with True Crypt.
You have now created an OFFLINE WALLET which will keep your Bitcoin safe from most online threats. Don't ever use TEAM VIEWER or any other remote access program with your USB connected either. Your wallet will take a lot of time to Synchronize with the network the 1 st time you use it..and also after its been disconnected for a while thats the price you pay for safety. Learn to use Blockchain for transaction verification. Never ever ever ever sell Bitcoins with Paypal. Go to Localbitcoins.com and read all the posts from people who get scammed with Paypal Chargebacks... Consider Doge Coin QT as a learning tool too Doge is similiar but very cheap right now...Reddit has its own Doge Market...DONT GO THERE TO BUY...unless you can go to Dogepay- and check the price before you buy..there are a ton of people overcharging people for coins. You are trading in nothing after all and you are paying ''real'' dollars to do it
DStyQaLSRjG5fZa89ako4yKqcujcoEN5ea My Doge Coin
1BoTWoV6mc2UjzoMjWwdT8tQdZ2bStPfKY My Bitcoin Address
STREPITUS
> GhostZ
01/05/2014 at 14:40 |
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What site do you use for trading?
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GhostZ
> STREPITUS
01/05/2014 at 15:57 |
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Cryptsy. I wouldn't recommend putting your own money into it (you'll first have to use Paypal and coinbase or some alternative) but the markets in Cryptsy are both huge in scope and wide in their volatility, meaning that it's a great survival-of-the-fittest platform.
RyanFrew
> TSLA
01/06/2014 at 04:08 |
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As a Tesla stockholder (not a huge stake), it cracks me up that you posted a graph depicting Bitcoin's volatility....but your username is TSLA. Pot, meet kettle.
http://finance.yahoo.com/blogs/talking-…