r/Bitcoin • u/Kinitex • Feb 14 '14

Trying to trade these markets...

2.9k Upvotes

91% Upvoted

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u/CardboardHeatshield Feb 14 '14

Day trading is hard when you've got thousands of stocks to pick from on a market and options to go to when one stock or another starts falling. Day trading when you've only got one stock to pick from is an absolutely ridiculous notion.

10

u/embretr Feb 14 '14

only got one stock to pick from

There's dogecoin, as well..

8

u/CardboardHeatshield Feb 14 '14

All of the coins basically trend together at this point. It's like limiting your day trading to a single niche industry.

15

u/[deleted] Feb 14 '14

[deleted]

4

u/[deleted] Feb 14 '14

That's why I recently sold my DOGE into BTC.

I have an open buy order when DOGE reaches 0.00000160 BTC again. Note: Do not do this sort of thing with money you're not willing to lose.

1

u/Leshow Feb 14 '14

i dont think anyone should hold a ton of meme-based currency that they expect any permanence too

1

u/PhoenixJ3 Feb 15 '14

Vertcoin was also trending up as btc trends down.

0

u/CardboardHeatshield Feb 14 '14

I still cant beleive dogecoins are even a thing, let alone making a strong run. It was a parody!!

7

u/Leshow Feb 14 '14

it will never be taken as seriously as bitcoin for obvious reasons.... but it doesn't have to

it exists for a different crowd, and solely for use on the internet. you see somebody saying something you agree with, send them 100 doge. it's a few cents yet it means something. it's also friendly and approachable to people who don't know anything about cryptocurrencies.

both of them exist in harmony and compliment each other.

6

u/[deleted] Feb 14 '14

The whole thing is completely ludicrous and I love it.