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Topic: $5,000 budget - page 2. (Read 2763 times)

member
Activity: 84
Merit: 10
January 01, 2014, 12:35:54 PM
#22
Like others have said, buy BTC, nest it through LTC, XPM, etc, and then close spreads (market making) to get 10% per trade, 1 trade every 2-3 hours (if you're paying attention) then multiply 5% for each nesting level. If you know what you're doing, you can quant trade altcoins short-term and get 30% per day pretty easily.

With $5000 you might incur slippage, especially on heavily divided currencies, so you could diversify and just run 5 $1000 campaigns.

That sounds interesting but could you please clarify it for people like me with no background in trading or at least point us in the right direction? For instance nest, close spreads, quant trade etc - I have no idea what it means. You know - it' s a newbies board. I'm kind of on the same budget.

Thanks,

prolom.
member
Activity: 82
Merit: 10
January 01, 2014, 11:15:58 AM
#21
yea, just buy btc. and hold. or at the min I would spread it out a bit maybe $500 in ppc. $1000 in ltc and $20 in the top 10 preforming new alts. and the rest in cold storage offline wallet.

Thats not far from what im doing  Wink
newbie
Activity: 28
Merit: 0
January 01, 2014, 10:47:40 AM
#20
5000$ in Bitcoins. No muss no fuss. Considering that Fortress Investment is going to launch a new BTC fund in 2014 you have a good chance to double that amount in a few months. My 2 cents.
newbie
Activity: 2
Merit: 0
January 01, 2014, 09:57:44 AM
#19
I prefer GPU mining while you start afresh. Learn about difficulty and practical technicalities on your own. Once you gather certain knowledge you can judge yourself.
legendary
Activity: 3808
Merit: 1219
January 01, 2014, 09:44:55 AM
#18
You should seriously look in to buying used asics from sites such as Ebay. Difficulty and Hashrate is increasing every hour or so. So more delay means more monetary loss.  Huh
legendary
Activity: 1652
Merit: 1265
January 01, 2014, 09:40:30 AM
#17
Scrypt mining will be profitable until Q3 2014 since scrypt ASICs will probably be launched.

Buying GPUs is always safe as long as gamers game.
Do be aware of the fact that fine-tuning a mining rig can take some fiddling and they make noise since you push them to the max.
newbie
Activity: 2
Merit: 0
January 01, 2014, 09:35:09 AM
#16
You have very good investments. Very good questions.

My opinion is simple.

Invest a little by buying altcoins at low value and sell at high value.
sr. member
Activity: 322
Merit: 250
January 01, 2014, 08:27:02 AM
#15
how about you go 50-50, build a 2500 rig and 2500 to trade in a solid market. btce.com is great currently trading ltc and btc.
full member
Activity: 179
Merit: 100
January 01, 2014, 06:55:20 AM
#14
Where or which exchanges do you recommend to trade, please?

Like others have said, buy BTC, nest it through LTC, XPM, etc, and then close spreads (market making) to get 10% per trade, 1 trade every 2-3 hours (if you're paying attention) then multiply 5% for each nesting level. If you know what you're doing, you can quant trade altcoins short-term and get 30% per day pretty easily.

With $5000 you might incur slippage, especially on heavily divided currencies, so you could diversify and just run 5 $1000 campaigns.


BTC-e.com a good exchange . with bot from 1bbot.com this is very porerfull profit
nov
sr. member
Activity: 433
Merit: 251
Independent crypto developer
January 01, 2014, 04:40:52 AM
#13
Where or which exchanges do you recommend to trade, please?

Like others have said, buy BTC, nest it through LTC, XPM, etc, and then close spreads (market making) to get 10% per trade, 1 trade every 2-3 hours (if you're paying attention) then multiply 5% for each nesting level. If you know what you're doing, you can quant trade altcoins short-term and get 30% per day pretty easily.

With $5000 you might incur slippage, especially on heavily divided currencies, so you could diversify and just run 5 $1000 campaigns.
newbie
Activity: 2
Merit: 0
January 01, 2014, 04:36:52 AM
#12
It is best to buy alt coins at low price and sell at high price. Investing to rigs helps in the long run.
newbie
Activity: 2
Merit: 0
January 01, 2014, 03:56:08 AM
#11
Invest a part of your investment into buying newly mined highly promising coin at the earlier stage and cash in profit later. This is best when compared to mining. But might not always be the same at all time.
sr. member
Activity: 518
Merit: 250
January 01, 2014, 03:49:00 AM
#10
5000$ 's a lot of money
newbie
Activity: 9
Merit: 0
January 01, 2014, 01:43:06 AM
#9
Like others have said, buy BTC, nest it through LTC, XPM, etc, and then close spreads (market making) to get 10% per trade, 1 trade every 2-3 hours (if you're paying attention) then multiply 5% for each nesting level. If you know what you're doing, you can quant trade altcoins short-term and get 30% per day pretty easily.

With $5000 you might incur slippage, especially on heavily divided currencies, so you could diversify and just run 5 $1000 campaigns.
full member
Activity: 152
Merit: 100
January 01, 2014, 01:01:46 AM
#8
is cryptotrader.org still work for trade bitcoin?

cryptotrader.org provide automated trading according to strategy you choose. It hosting your trading bots. You also will need accounts on those exchanges where you planing to trade: mtgox, btc-e, bitstamp.
member
Activity: 84
Merit: 10
January 01, 2014, 12:27:54 AM
#7
Instead of mining I would recommend actually buying BTC or select alt currencies directly. Mining is becoming increasingly difficult and you're not guaranteed to get a return.

i second this. unless you spend ~10 grand on a rig, mining is kinda tough to compare to just buying.
full member
Activity: 154
Merit: 100
January 01, 2014, 12:20:34 AM
#6
Instead of mining I would recommend actually buying BTC or select alt currencies directly. Mining is becoming increasingly difficult and you're not guaranteed to get a return.
newbie
Activity: 14
Merit: 0
December 31, 2013, 11:59:10 PM
#5
is cryptotrader.org still work for trade bitcoin?
full member
Activity: 152
Merit: 100
December 31, 2013, 11:08:39 PM
#4
buy btc, go and trade it on cryptotrader.org you may end up with a million of USD at the end of the year.
https://cryptotrader.org/topics/367450/best-strategy-for-2013-continued
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