Quote from: dyask on September 07, 2015, 01:04:55 PM

Quote from: LMGTFY on September 07, 2015, 12:49:42 PM

I'm fairly certain I don't quote or repeat information (current or otherwise), except where I'm certain. You're quite right that I don't use scrypt.cc - I'm said that before, and I'm happy to acknowledge it. My interest came from being a potential investor (trading GHS looked like commodities trading, and I tend to prefer derivatives and commodities) and being appalled at what I saw - people continuing to invest in a site that raise major red-flags. ...

Scrypt.cc is a horrible place to go for trading. It is way too high risk for that. It is one thing to trade if you have a position there, it is a whole another thing to go there with the intent of making coin. Anything that is my thought on trading.

I used to day trade derivatives, even complex spreads. That is nothing like cloud mining. If you must trade crypto, at least do it at an exchange. Wink

My day trading is limited to FX (I was very, very bad at it...!), but I've worked within the industry and had a good education in futures and options (and I'm a lot better when I can hedge!) Part of the reason I like BTC (despite being involved since 2010 I've never ventured further than BTC into the crypto world) is that I can trade easily - where I live you need a qualification to trade options, and - not having the qualification - BTC lets me do it without the tedium of sitting an exam!

I must admit (and this is partly based on looking at other cloud mining sites) I assumed scrypt.cc was an exchange! I shall avoid non-exchanges, and thanks for the advice. Currently I use Bitfinex for BTC-proper and Coinut for options (though I'm eagerly waiting for Quedex to open for business) - I'm wary of exchange-risk (which Bitfinex made topical recently...) so I tend to spread trading between exchanges (greater risk, but less exposure).

Anyway, apologies if this has discussion has been heated at times. Despite that, it's been educational and ended on a positive note!

(Edit: and apologies to everyone else for straying off-topic with this last post).