Quote from: SHA255 on April 12, 2015, 12:01:06 PM

Quote from: Double Kills on April 12, 2015, 11:33:18 AM

Quote from: TRYpolar on April 12, 2015, 11:22:43 AM

Quote from: ANTIcentralized on April 12, 2015, 11:07:57 AM

You have the altcoin market which is like going into a town, and every public bus you get onto has a big fat duffle bag stuffed with cash under 10 out of 20 seats LOOL, so its free money everywhere. Then you are able to take that money and throw 20 TIMES leverage on top of it in the btc to usd market, then you are able to arbitrage between exchanges and then arbitrage between online to cash in hand on localbitcoins.com for an extra 20% to 50% on top.... Its a fucking cocktail of profit

The funny thing is most people can't even trade alts properly, so they never get to experience the full force of crypto like this. Of course that's partly because they're uneducated about how all of these things function so, i guess thats why theres so many people leaving money on the table

This exactly +1

and when you crunch the numbers and get down to it, theres reeaaly not that many people doing this at the moment.

There are people that "only trade altcoins" and people who "only trade btc / fiat" those guys are the imbeciles of the village

How could you not notice that everything is connected? lol i mean you have to first buy btc before you can trade alts and the very instance that you buy btc, you are engaged in a trade between btc / fiat

There is no escaping this connection and when you make full use of this, thats when you make the real money

I look at it like this

There is one macro

1. The crypto currency market

There are two micros

1. The BTC 2 FIAT market

2. The Altcoin market

The people who are making 6 figures a year are trading the macro (which is both micros together), the ones who are making little money or nothing at all are only trading just one of the micros at a time (either just altcoins / or just btc 2 fiat), so they are only exposed to limited volume and limited resources to boost their income

The altcoin market has a higher population of amateurs and "traders" (lol) who don't know their left from right, and this is like 90% of all of the people who trade altcoins
So just a basic understanding of price movement instantly puts you in the top 10% percentile and gives you an advantage over literally everyone else who you will encounter in the alt market

So its effortless to make money here. I look at altcoins like a personal piggy bank and a lot of other people do too. Literally whenever I need some cash I log into bittrex and sell pieces of some coin that I bought 5 months ago, and I'm talking 10 btc withdrawls almost at will.
Basically there is no competition in the altcoin market which makes it easy to generate big portions of cash easily

Then you take this cash over to a good bitcoin exchange that offers leveraged trading. So basically what you are doing is creating money from thin air in the altcoin market, and then heaping leverage on that money in the bitcoin market.
Once you have closed your trade and taken profit, you can quickly arbitrage between online trades on LBC to in person trades due to the spread between prices. I have made more than 70% on my entire holdings so many times just by doing this

In the end I have made more than 500% from money that I got for free in the altcoin market. This is why ryan says you must always look a the bigger picture. There is just so many different ways to make money
Obviously you have to know the patterns or you could easily lose your money in the bitcoin market, but that comes with knowledge