Interesting
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Looks the article is starting to do it’s rounds.
[url=http://www.itbusinessnet.com/article/Feathercoin-%28FTC%29-Emerges-as-Arbitrage-Powerhouse-Within-Cryptocommodity-Marketplace-Claim-BitcoinIntel-Analysts-2971260]http://www.itbusinessnet.com/article/Feathercoin-(FTC)-Emerges-as-Arbitrage-Powerhouse-Within-Cryptocommodity-Marketplace-Claim-BitcoinIntel-Analysts-2971260[/url]
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Me: “Honey, the kids are buying into pump and dump scams again!”
Her: “Well get off the internet and come to bed already.”
Me: “But they believe everything they read and they keep getting surprised when it comes down after it goes up on some wild ass speculation or positive news article!”
Her: “Look, you can’t stop people from making mistakes with their money. If they want to keep trading it for dirty fiat, let them. You can keep buying it from them for cheap, and selling it back to them at 10 times the price. Now come to bed.”
Me: “Ok…” -
[quote name=“Kevlar” post=“45773” timestamp=“1387353947”]
Me: “Honey, the kids are buying into pump and dump scams again!”
Her: “Well get off the internet and come to bed already.”
Me: “But they believe everything they read and they keep getting surprised when it comes down after it goes up on some wild ass speculation or positive news article!”
Her: “Look, you can’t stop people from making mistakes with their money. If they want to keep trading it for dirty fiat, let them. You can keep buying it from them for cheap, and selling it back to them at 10 times the price. Now come to bed.”
Me: “Ok…”
[/quote]That’s exactly what I’m doing, buying after a drop, which results in another drop where I keep losing my money… *tears*
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[quote name=“Horizon” post=“45291” timestamp=“1387250520”]
[url=http://www.benzinga.com/pressreleases/13/12/p4157087/feathercoin-ftc-emerges-as-arbitrage-powerhouse-within-cryptocommodity-]http://www.benzinga.com/pressreleases/13/12/p4157087/feathercoin-ftc-emerges-as-arbitrage-powerhouse-within-cryptocommodity-[/url]
[/quote]
If Arbitrage is what you find interesting check this out.[url=http://www.cryptocoincharts.info/v2/arbitrage]http://www.cryptocoincharts.info/v2/arbitrage[/url] -
I’m not actual sure what Arbitrage is, was merely just pointing out that the article about feathercoin has been re-posted else. I’ll look into it tomorrow… So close to getting this editing done…
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[quote name=“Calem” post=“45796” timestamp=“1387361681”]
I’m not actual sure what Arbitrage is, was merely just pointing out that the article about feathercoin has been re-posted else. I’ll look into it tomorrow… So close to getting this editing done…
[/quote]
Arbitrage is where a trader will buy coins from one exchange and sell on another exchange depending on price, as you probably know coin prices vary, sometimes by quite a bit on different exchanges, people can make quite a bit extra by doing this. :) -
Ah yeah. Clicked the link and caught on pretty quick…
This is just a personal opinion but I can’t see how that’s good for any crypto coin.
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I think it goes on in normal stocks and shares but not completely sure, as far as damaging for the coin, surely its just trading. :)
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It’s not bad. It’s federating the price across exchanges. If you want a bot that does it for you, I wrote one a few months ago that was wildly successful at it, but it’s since fallen into disrepair with all the latest updates to the exchanges.
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[quote name=“Kevlar” post=“45870” timestamp=“1387386521”]
It’s not bad. It’s federating the price across exchanges. If you want a bot that does it for you, I wrote one a few months ago that was wildly successful at it, but it’s since fallen into disrepair with all the latest updates to the exchanges.
[/quote]When/if you get that going again, let me know and what you charge for it.I may actually have a place where I can run something like that in a month or so.
Because otherwise for now it’s just been one of those “okay, dive in and do stuff now that we have a wifi signal” things. That’s not always convenient for when I’m afk and the market does something crazy.