Beginners Guide: What is Bitcoin? - cryptocointalk.ca

If you use Twitter - Please see here

In order for Litecoin to succeed, there needs to be public acceptance. In order for there to be acceptance their needs to be public awareness. We all want Litecoin to succeed, we all want our coins to increase in value over the years.
I suggest that you all join twitter using a Litecoin related username. You then follow as many Litecoin/Bitcoin/Crytocurrency pages as you can find.
Then every day, just post 1 or 2 tweets about Litecoin, whats in the news, ANYTHING positive you read/hear about Litecoin. Really it should not take any more than 2 minutes of your day. If you are true believer in Litecoin and want it to succeed 2 minutes should be nothing to you.
Follow me https://twitter.com/litecoinaddict
Who to follow and tweet at:
https://twitter.com/SatoshiLite https://twitter.com/litecoinaddict https://twitter.com/LitecoinAssoc https://twitter.com/OverstockCEO https://twitter.com/coinbase https://twitter.com/cryptocointalk https://twitter.com/btcecom https://twitter.com/LitecoinProject https://twitter.com/LitecoinFeeds https://twitter.com/Litecoin https://twitter.com/litecoin https://twitter.com/litecoinguy https://twitter.com/newegg https://twitter.com/overstock https://twitter.com/Crypto_Advisor https://twitter.com/altcoinsking https://twitter.com/HugoAdvice https://twitter.com/Litecoin_Knight https://twitter.com/freakingcat https://twitter.com/TheRealMage https://twitter.com/TheCryptoShirts
Please post people/companies you follow and I will add them to the list.
Lets contact companies who accept Bitcoin and request they accept Litecoin, we should all be supporting Go Coin and when you tweet these companies, also tweet @GoCoin....It worked with Shoppify so lets do this!
submitted by saigoned to litecoin [link] [comments]

How to Pick & Trade the Next Profitable Altcoin: An Insight into What Goes Through my Mind

Abstracted from my blog post. Read the Full Post at: http://alunacrypto.blogspot.nl/2014/02/how-to-pick-trade-next-profitable-altcoin-bitcoin-daytrading.html. And follow me for my latest Bitcoin/Altcoin trading advice on Twitter @onemanatatime (https://twitter.com/onemanatatime).
Introduction
Congratulations on owning some Bitcoins and being a part of this Global Revolution! If you don't already own one, buy one easily from an exchange like Bitstamp.net, Coinbase.com, or from someone near you at Localbitcoins.com. Once you own Bitcoins, you can easily trade them for any available Alternative Cryptocurrency from an altcoin exchange like Cryptsy. I like to use Cryptsy because they have so many available coins, and I also find them to be quite reliable.
So you've been seeing tons of people making money trading Altcoins, while you've been losing tons of Bitcoins buying high and selling low? Whether you're simply frustrated with your "bad luck", or just want to learn more & make more Bitcoins daytrading, I'm here to help! So here's an easy-to-understand guide to picking and trading Bitcoin and Altcoins profitably, and of course, more essential daytrading tips to help us all become profitable cryptocurrency traders.
I know you're all eager to make money, but keep in mind that nothing comes for free and I can only help you so much. Just because you've made 5 good trades doesn't make you a profitable trader, and neither does making 5 bad trades necessarily mean you're a lousy trader. Anyone can flip a coin and see 'heads' 5 times in a row. What we want to look for is consistency, and to do that you'll have to start forming Your Own trading strategy. Before I go on, keep these following points in mind when building up your personal Trading Strategy:
How to Find new Altcoins?
So the first thing is to actually find new altcoins and to read up more about what it has to offer. To begin with, I always browse through the Alternative Currency announcements page on Bitcointalk to see what's popular. All new coins are definitely posted here so you shouldn't miss anything, and since threads with the newest post always appear on top, you usually don't have to look further than 2 pages. Things to look out for include the added value a coin brings (as I'll explain more in the next section), as well as the popularity and virality of the altcoin (i.e. high number of pages in a short time).
Another place to look at is Cryptocointalk where you can find a long list of altcoins available, sorted according to new coins or by algorithm. This list is not completely updated, but is organized much better if you want to find out more about a particular coin.
Secondly, you also want to cross-check your information about these coins on social media sources such as Reddit and Twitter. Start off on...
Read more on my blog at: http://alunacrypto.blogspot.nl/2014/02/how-to-pick-trade-next-profitable-altcoin-bitcoin-daytrading.html
Other topics covered in this post include:
What to Look Out For?
With so many alternatives out there, we really need to be picky when choosing the next altcoin because you don't want to spread yourself too thinly. Firstly, clones of existing ideas/coins are mostly not worth holding for anything more than the short-term. In this sense, there's a few different kinds of coins with their respective leaders in each category, each with their own pros & cons:...
Where to Buy?
When/What's a Good Price to Buy/Sell?
For new altcoins, and especially clones, all you'll need is to find a good price to buy, since there's no charts for you to do any TA yet. I found a pretty useful formula for calculating a fair price, and have found it to be pretty accurate. Use it, let me know what you think about it, and how we can improve it to apply to different coin types etc. by Tweeting me or leaving a comment below.
Here's the Secret Formula to calculate a Fair Price for new altcoins: (Maximum BTC Supply ÷ Maximum Altcoin Supply) ÷ 5000to10000. #crystalball
How to Trade?
Obviously, the most important rule in trading is to "buy low sell high". Unfortunately, that's usually harder to execute than it sounds because of panic and greed. Haven't you learn enough from bubbles? Whatever goes up must come down. Markets will always look for a correction after a big spike. Don't chase the bubble! EVERY parabolic curve/rise is a bubble, and a chance for you to sell your altcoins for a profit. Just wait for it and always set sell positions ready to eat up those buys.
https://twitter.com/onemanatatime/status/432542011410104321
Trading Tips
#0: Don't join Pump & Dumps, period. For someone to make money, someone else has to lose. Don't be the one caught with the short end of the stick.
#1: Always trade with a plan. Before entering a trade, plan not only your entry but also your exit. Don't fall into the trap of panic buying/selling. Once you get over that, everything will start to come together.
#2: Discipline. Be patient and wait for good setups. Plenty of opportunity everyday, don't spread too thin. On a side note, I can't wait for a margin platform for altcoins to be built. If you're building one, hit me up and let see how we can work together (I'm a Business Development and Online Marketing Major).
#3: Money management. Don't spend more than 5-10% of your entire BTC portfolio on a single Altcoin, unless you're damn sure it's gonna be profitable in the mid-long term.
#4: Understand human psychology. Here's a good 5 part series to get you started: http://www.youtube.com/watch?v=xEcZQdCEiKE
Most Common Pitfalls
1) Placing too much importance on:
2) Overtrading. I'll let the guy whom I learnt all my Bitcoin trading fundamentals from speak about this: Bitcoin Trading Webinar - How To Make Money Trading Bitcoin (http://www.youtube.com/watch?v=oJ-xROFn0zg). Follow him on Twitter @ChrisDunnTV (https://twitter.com/ChrisDunnTV). Long video, but worth it especially for beginners.
3) Not having a plan beforehand. I can't emphasize this enough. Many people jump into buying an altcoin without thinking about their exit plan. What is your target, when you do sell and take profit, when do you sell and cut losses, or do you have more funds/positions ready to buy more if it continues to dip? Are you holding this for the short term or long term? These are all important questions to ask yourself before making a trade. If you don't have a sound and comfortable strategy before entering trades, more likely than not, you're going to end up losing Bitcoins over the (not so) long run.
4) Trying to predict a bottom/top. Nobody can predict exactly where the price is going next, only a better and more informed guess. I personally think this is the toughest problem to tackle, because when greed takes over, you always think "I could have made so much more if only I sold higher or bought lower".
5) Chasing the bubble. What goes up must come down. https://twitter.com/onemanatatime/statuses/432546827196305408
6) Getting emotionally attached to a particular altcoin. I have to admit this is still a problem for me, and I'm still holding onto bags of WDC, ZET, EAC, MSC, that are currently unprofitable. I bought them earlier on, and didn't take profits from the bubbles. But most important thing is that we learn from our mistakes, and that's why I now like to sell some positions to get into a position to "freeroll".
7) Using Technical Analysis as the sole determinant for making trades. Every indicator is useless - by itself. The market is not stagnant, and prices are affected by everything we can, and cannot think of. Don't be bound by one system of analysis; use every single piece of information you can find, and objectively analyze the markets with a bird's eye view.
My Cryptocurrency Trading Strategy
Firstly, I must emphasize that I'm VERY Bullish on Bitcoin for the Long Term. I've invested every single FIAT dollar I have into Cryptocurrencies since November 2013, and I literally have to start selling Bitcoins 2 months later to pay my rent (or wait for a Bitcoin ATM to appear here). Because of this, I spend a ton of time & effort researching Bitcoin and Altcoins to constantly look for ways to grow my number of Bitcoins. I also have a high risk propensity and so not all my trades will be comfortable for you. My point basically is that nobody's situation is exactly the same, so keep in mind that you'll have to build your own strategy to suit your personal needs, risk preference, available resources, and environment...
My Current Altcoin Watchlist
Long Term:
Mid Term:
Others (Not so impressive but still watching):
Cryptocoinchart.info recently launched a new Social Trading feature; Investment Club. Pretty cool. Check it out: http://www.cryptocoincharts.info/v2/investment_club. Don't forget to stop by periodically and bookmark my Cryptocoinchart Investment Club profile (http://www.cryptocoincharts.info/v2/investment_club/trade12) for updates on which coins I'm eyeing/buying.
Frequently Asked Questions
1. How do you feel about XYZ coin?
First of all, there are over 100 altcoins out there, so don't expect me to know about every coin. If it's an exactly clone of Bitcoin, Litecoin, or anything already available, chances are, it's not worth either of our time.
Secondly, read my tweets and do your own research (lazy = poor). If its worth mentioning, I probably did mention it. If you can't find it on my timeline because its too cluttered, again, do a Twitter search for the Altcoin and find out what the World has to say about it.
Thirdly, there's 100s of altcoins out there for you to choose from. Don't spread yourself too thin and buy into every possible bottom. Leave the shitcoins to die, and stick to altcoins with a stronger fundamentals.
2. If I'm holding a bag of XYZ coin, should I just wait or sell for a loss now?
Rule #1 of the game: Buy Low Sell High. But obviously easier said than done.
If you think the coin isn't going make it to the mid-term, and want to liquidate them, you have two options. Sell now and take the loss; that's the hardest thing to do, but also what every good traders knows he needs to do. Or if you think the coin has potential, buy more at where you think is a low, so your average buy price drops, and you can liquidate some/all as soon as it bounces back up. Think Martingale (doubling) strategy.
P.S. This post took 5 months of hard work and research, and one full work day (with overtime) to write. Feel free to donate some coins my way or send some altcoins to my Cryptsy Trade Key: 9c1e289981a685bf0b8a4e48bc00b35eb1380afa.
BTC: 16ka98tnhs9fAjWEXRmEWVrPfTEwmr9orV LTC: LW4qr8aSfgTwGuU6uvEjnhNKRyJJR9iUbR
Read the full post on: http://alunacrypto.blogspot.nl/2014/02/how-to-pick-trade-next-profitable-altcoin-bitcoin-daytrading.html
P.P.S. I recently came across an idea of a Cryptocurrency Hedge Fund; form a network/team of crypto traders to synergistically work together and achieve profitable returns. Different teams mining, selling altcoins, buying altcoins, looking for potential entry positions, trading bitcoin etc. If you'd like to discuss the idea, feel free to email me at alvinlee133(at)gmail.com or hit me up on twitter @onemanatatime.
submitted by bakedric3 to CryptoMarkets [link] [comments]

Add STLcoin please

http://www.stlcoin.org Our group is working to provide bitcoin / litecoin / stlcoin ATMs for all of St.Louis. Since we plan to control the crypto ATM market in St.Louis it was clear to us to create our own crypto as well. Our group has long terms goals and plan to create real world value for STLcoin.
Hash Algorithm: SHA-256 Block Rate: 70 seconds Value per Block: 70 coins Maximum Coins: 70,000,000
Pool: http://pool.webcoin.us/stl Forum: https://cryptocointalk.com/forum/779-stlcoin-stl/
Thank you for your time and consideration;
Richard A. Schriewer Founder STLcoin.org
St.Louis is the first city to have it's own crypto currency.
submitted by stlcoin to CryptX [link] [comments]

BitSeeds - A Currency That Grows!

Welcome to BitSeeds! A Currency That Grows!
ReThink. RePlant. Renew. Jobs. Infrastructure. Quality of Life. Reforest the planet.
Be the Disruption.
Change the World.
Blockchain Parameters

Proof of Work

Proof of Stake

Network

What Is BitSeeds?

BitSeeds is a hybrid proof of work/proof of stake cryptocurrency network with the stated goal of raising money to assist the Rainforest Foundation (http://rainforestfoundation.org/bitseeds) in its mission of reforesting the planet. For every coin emitted on the BitSeeds network, the Rainforest Foundation and the BitSeeds Foundation has committed to planting one tree. The rate of deforestation is so enormous that in order to restore balance a disruption in traditional fund raising was needed. BitSeeds provides a cryptographic ledger with unique features specifically designed for not-for-profit organizations and driving merchant adoption. Ecosystem development is an ongoing process spearheaded by the BitSeeds Foundation.

What Is The BitSeeds Foundation?

The BitSeeds Foundation is a not-for-profit entity registered in the state of Nevada. More information may be found at the BitSeeds website (http://BitSeeds.org).

Why Is BitSeeds Important?

Cryptocurrencies are a means to give people hope, and that is the primary use case of BitSeeds. Beyond the stated mission, the BitSeeds Foundation is committed to furthering the partnership of cryptocurrencies and charity and offers its network and support services to any charity that wishes to implement a safe and healthy digital currency into their fundraising efforts.

Why Not Use Another Currency Such As Bitcoin?

While BitSeeds could not exist without Bitcoin technology, the Bitcoin network itself is unsuitable for most charity organizations. The battle to be fought is improve the condition of humanity, not overcoming the faults of the Bitcoin ecosystem. BitSeeds adds ecosystem-specific remittance rails for charitable donations and a blockchain robust enough to accomodate future development. Every commercial transaction conducted within the remittance rail has the value added benefit of a charitable tax deduction, beyond the normal cost savings of crypto-currency adoption. Individuals are then incentivized to hold and stake BitSeeds in personal wallets not simply to support the network, but support the greater mission of the Rainforest Foundation to reforest the planet.

What Makes BitSeeds Different?

While boasting a number of technological advances which make it superior to other currencies, BitSeeds has a real mission to guide its development and growth. The core mission of reforesting the planet always takes precedence over other concerns. Without distractions, the work of the Rainforest Foundation and the BitSeeds Foundation can continue with minimal outside risk.

Why Would Merchants Use BitSeeds?

Merchant adoption is driven through a custom remittance system being developed by Coin.co (http://coin.co). 1.25% of every transaction processed is sent to the BitSeeds Custody Address. Merchants will be presented with a yearly accounting and requisite paperwork for tax purposes.
Every transaction completed through this process is a charitable tax deduction for the accepting merchant.

Who Made The Coin?

Alternative Markets LLC (altmarket.com), a Nevada corporation

How Do You Plan To Plant 1,000,000,000 Trees?

That's the best part about BitSeeds: all of the necessary experience, expertise, ingenuity, and infrastructure are already there! It's all built and ready. All we need is funding from the public to expand 30+ year old reforestation operations to levels never seen before. BitSeeds will provide jobs, infrastructure, and raise the standards of living for the poorest in the world.
Get involved!
Bitcointalk https://bitcointalk.org/index.php?topic=1028446.0
CryptoCoinTalk https://cryptocointalk.com/topic/36853-annbits-bitseeds-a-currency-that-grows/
SourceForge https://sourceforge.net/projects/bitseedsofficialrepository
GitHub https://github.com/BitSeedsFoundation/BitSeeds
Twitter https://twitter.com/BitSeeds
Facebook https://www.facebook.com/BitSeeds
Google+ https://plus.google.com0/100453983070440112563
Instagram https://instagram.com/bitseeds/
YouTube https://www.youtube.com/channel/UC3fK6spdSE2e7EdBwLUhh_Q
submitted by BitSeedsFoundation to BitSeeds [link] [comments]

Virtacoin is on the way to become second cryptocoin along with Bitcoin be accepted use for worldwide payment.

DON'T MISS GREAT OPPOTUNITY !!
May be you have ever heared about one cryptocoin is Virtacoin (VTA), but i still want to tell you again :
“ VirtaCoin was launched on July 1, 2014 on its official website at www.virtacoin.com by VirtaPay (a former virtual currency and online payment website) in order to give its over 02 millions members access to virtual funds or VP$ that they were accumulating since September 2010. In late December 2013 it was announced by VirtaPay that they would be converting their entire system into a cryptocurrency similarly to the popular Bitcoin, thus 6 months later VirtaCoin was born. For more information on the history of VirtaCoin click here.”
Virtacoin is distributed uniform to all people on the world for 04 years, Virtacoin has not a significant amount of VTA controlled by a small group of owners. Virtacoin will not give rise to the same problems BitCoin is facing : market manipulation and instable prices. Virtacoin will be "People's Coin" should aim for STABILITY and STEADY growth and keep the speculators at bay. VTA communication are growing the VTA market in such a way, that people who buy VirtaCoin can rely on its value to never go down. There are hundreds of 'altcoins' and all other crypto coins are focussed on quick profits through speculation. Virtacoin takes the road less travelled - focussing on growth through mouth-to-mouth promotion. That is a slow process in the beginning but it will pick up pace exponentially as time goes by. THIS IS DIFFERENCE OF VIRTACOIN COMPARE WITH ALL OTHER ALTCOIN.
More specially, Virtacoin has not central developer group (because launch history of Virtacoin), now Virtacoin has over 2.5 MILLIONS OWNERS on the world, this number is LARGER THAN MANY TIME OWNERS AMOUNT OF ANY OTHER ALTCOIN on the market and all member are working hardly to make marketplace VTA, become the coin be accepted to use as currency for payment, spend and buy sell product, commodity, services, etc… like as Bitcoin, THIS IS NO ALTCOIN HAS.
The purpose of Virtacoin communication is develop Virtacoin become second cryptocoin along with Bitcoin be accepted use for wolrdwide payment.
NOW VIRTACOIN IS ADDED TO LIST OF MOST FAMOUS MULTI-CURRENCY ONLINE WALLET: https://qoinpro.com/
Virtacoin have enough base to success. There are 06 exchangers for VTA:
https://www.swisscex.com/market/VTA_BTC
https://bleutrade.com/exchange/VTA/BTC
https://www.atomic-trade.com/trade?c=VTA&p=BTC
https://askcoin.net/trading/VTA/BTC
https://cryptoine.com/trade/vta_btc
https://betasharex.com/trade/VTA/BTC
and buy/sell directly VTA with USD via Paypal, Skrill, Egopay at http://virtapaymall.com/stripe/virtacoin-promotion-fund/
I want to suggest to your service use VTA as your payment method like as BTC. Please listen my invitation, Virtacoin has very great potential ! Thanks! If you need more information about Virtacoin, please see at these below link :
Office website: http://www.virtacoin.com/
Online wallet: http://virtacoinwallet.eu/
Blog about development for VTA : http://www.mousetraptraffic.com/blog
Projects for Virtacoin: http://www.virtashare.virtacoinmall.com/wp/?page_id=7
Game for virtacoin: http://virtacrypto.virtacoinmall.com/ and http://virtadice.virtacoinmall.com/welcome
Virtacoin pool: http://vta.coin-miners.info/ and http://virtacoin-pool.tk:8080/
Explorer: http://blockexplorers.com/ and http://blockexplorers.com/
Information about Virtacoin:
http://www.reddit.com/VirtaCoin
http://www.reddit.com/VirtaCoin/wiki/index
https://cryptocointalk.com/topic/13003-virtacoin-vta-information/
https://bitcointalk.org/index.php?topic=673775.0
https://www.facebook.com/VirtaCoin
http://virta-coin.com
https://twitter.com/VirtaCoin
www.virtacointalk.org
http://virtacoin.do.am/
submitted by huyhpvn to asiacoin [link] [comments]

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The Bitcoin (BTC) Price is Crashing -- HERE'S WHY?! [Cryptocurrency News]

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