Watching Progressive Development for Alternative Crypto-Currency When Trading

Watching Progressive Development for Alternative Crypto-Currency When Trading

My first post,

It all started for me back in May 2013 by sending a money wire to a Poland Company and then sending the Vouchers from that company to a Exchange in China.

Back then I purchased Peer-coin at 24 cents and later sold them at around the $7- mark, later that year I have seen the progressive development by the coin developers all learning from each other and some creating a new system all together like the proof of stake coins and hybrid proof of work coins.

For me its been a combination of research and watching the market for the coins, also using 6 different exchanges to spread the risk, that was before Mt Gox, never have all your eggs in one basket and take profits, so you are in-front and only trading with made profits not the initial outlay (investment).

Currently I hold a majority of Reddcoin and Karmacoin plus about 30 other alternative coins, the white paper for Reddcoin has made me take notice and the method of using social media as the vehicle for the masses and new coin method.

http://www.reddcoin.com/papers/PoSV.pdf

It was hard to sell all my peer-coin but I knew the game had changed and I had to move with it, then I purchased Doge-coin when it was only 8 days on exchanges, getting out after quick increases to the doge-coin value.

Currently also looking at NXT coin, Darkcoin, my friend did very well last year from penny stocks and I am applying a similar principle to these Alternative coins, buy looking for coins of the type of value .00005 for example, they can quite easily grow to 10 cents or $1-, the mindset for lower prices is mostly easier than say $600- for each bit-coin, together with the marketing and social networking features that could be a real game changer.

Helpful links below:

http://www.coingecko.com/

http://www.cryptmarketcap.com/

https://coinmarketcap.com/

P.S (These are my own personal experiences and I am self taught)

donate BTC, Bitcoin   1K66GQuerEnnhcZTvd4kR2rgMe6JRuz3Ak

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About the author

I am a Carpenter By Trade and a Ex-Sapper in the Australian Army Reserve, inventor of the Roofing Protractor, Stair Square and Chalkine Protractor, father of 4 children and married, living in Melbourne also as of May 2013, a Crypto-currency trader, Alternative coins Trader, from 2000 to 2002 I day traded trades shares in the Australian Market, combined with my inventor skills, Military training my perspective can be quite different and methods. I am a keen cyclist, bush-walker, play station 1,2,3 games player, past, soccer, volleyball, tennis, hockey.

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3 comments


  1. Post author
    Derek Pater

    I just did the numbers in my trading, from the first investment in may 2013 1800% profits (cashed out and spent, new bike, computer, holiday etc) and many coins left over.

    please understand this is highly speculative investing, investors need to know the risks before starting and only spend what you can afford to invest or loose


  2. Post author
    Derek Pater

    I found the below comments on a reddit blog for reddcoin and I agree

    Satoshi Nakamoto = bitcoin

    Sunny King = peercoin

    Larry Ren = Reddcoin

    This is a Paradigm Shift in the crypto currency world.
    Laudney’s name is now engraved in history among the top 3 innovators in digital currencies:
    Satoshi Nakamoto (PoW paper)
    Sunny King (PoS paper)
    Larry Ren (Laudney) (PoSV paper)

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