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Showing 5 of 5 results by matthewmorganstein
Post
Topic
Board Altcoin Discussion
Re: Nubits vs Bitshares vs Bitbay
by
matthewmorganstein
on 25/02/2015, 17:54:19 UTC
Post
Topic
Board Trading Discussion
Re: What is your trading strategy?
by
matthewmorganstein
on 17/02/2015, 22:01:41 UTC
I find right now if you buy at what you think is a new low and then it goes even lower, you have to wait a long time before you can sell for even a little profit. Basically, your first move better better be the right one or you are screwed.

I just buy larger sums on each price drop, while trying to profit from the volatility by exchanging my BTS for BitUSD and then back to bts.

Matthew
Post
Topic
Board Altcoin Discussion
Topic OP
Bitshares
by
matthewmorganstein
on 17/02/2015, 16:51:48 UTC
How deep does the rabbit-hole go in Bitsharesland?

Matthew
Post
Topic
Board Trading Discussion
Re: What is your trading strategy?
by
matthewmorganstein
on 17/02/2015, 01:51:38 UTC
I have had success trading between bts (bitshares) and BitUSD on the Bitshares decentralized exchange.

I'm no quant but as soon as I feel the price is 80% as high as it will go for that period, I trade my bts for bitUSD, removing my exposure to risk (aside from the USD fluctuations), then I buy back the bts at a discount.

Matthew
Post
Topic
Board Trading Discussion
Re: What happened to all those "distributed" exchanges
by
matthewmorganstein
on 17/02/2015, 01:44:41 UTC
Indeed, Bitshares has launched an exchange that's decentralized. I have been trading on there for about one week now. I have seen some good deals in the market, and have turned a decent profit, exchanging bitshares for BitUSD (a pegged asset) while the price of btc fell from 260 to 230.

Also and probably most awesome is that BitUSD and all other pegged assets pay you %'s just for holding them!

Have questions, you wil be welcomed over on their own forum. On here i'll answer questions to the best of my ability.

Matthew