- Joined
- Nov 12, 2002
- Location
- Rootstown, OH
Anyone here doing it already?
I've scraped my way from a $65 investment, combined that with mining, and with the market currently I have a few hundred bucks to play with.
I'm currently looking at putting about 1/3rd of my holdings into bitfinex, so that I can use some leverage and margin trade. Meanwhile, I am still depositing doge mining directly to cryptsy and selling for BTC manually, and holding some LTC at BTC-e. This accomplishes a few goals for me - taking mining income is easy, my holdings are spread out (increasing my exposure, reducing risk if a single exchange has a problem), giving me options to margin trade as well as instantly arbitrage across exchanges with held liquidity.
I am interested if anyone is margin trading on bitfinex currently? I am figuring it out, reading as much as I can, and learning how to use their tools right now. After I build confidence that my grasp is solid enough, and I like the market conditions, I will take my first margin position and let you know here how it turns out.
For anyone who doesn't understand, this is an example of how to margin trade on bitfinex: http://m.livejournal.com/read/user/cryptorally/3726
I've scraped my way from a $65 investment, combined that with mining, and with the market currently I have a few hundred bucks to play with.
I'm currently looking at putting about 1/3rd of my holdings into bitfinex, so that I can use some leverage and margin trade. Meanwhile, I am still depositing doge mining directly to cryptsy and selling for BTC manually, and holding some LTC at BTC-e. This accomplishes a few goals for me - taking mining income is easy, my holdings are spread out (increasing my exposure, reducing risk if a single exchange has a problem), giving me options to margin trade as well as instantly arbitrage across exchanges with held liquidity.
I am interested if anyone is margin trading on bitfinex currently? I am figuring it out, reading as much as I can, and learning how to use their tools right now. After I build confidence that my grasp is solid enough, and I like the market conditions, I will take my first margin position and let you know here how it turns out.
For anyone who doesn't understand, this is an example of how to margin trade on bitfinex: http://m.livejournal.com/read/user/cryptorally/3726