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Messages - lumbridge

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Bitcoin Discussion / Re: Bitcoin Bottom?
« on: December 28, 2014, 12:32:36 PM »
It's always to great to go back and review old price move predictions for bitcoins, or for any stock or commodity!

Ready the price charts is easy in hindsight, but writing a daily training journal - and reviewing it - is one of the biggest keys to becoming successful in the art and science of trading anything.

we can find the charts for Bitcoin here: and review if the predictions of this post were correct.


But it was these very charts for GoldCoin that caught my attention.  I downloaded a wallet, found the group on facebook, and then came here to join the forum so I could learn more about this specific cryptocurrency - first because of the shape of the price charts over the past year, and second because of the connection between this altcoin and real-world gold.

The price charts seem to indicate a good potential for investing - and now it's time to determine the liquidity of the market and more about the connection to gold...

Keep the price predictions coming!

Lumbridge

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Altcoin Discussion / GoldMoney, INNCoin, GoldCoin - cryptocurrency backed by commodities?
« on: December 28, 2014, 12:23:06 PM »
I'm not clear how these cryptocurrencies are backed by gold - but I am interested in learning more about preparing for the ability to instantly switch between investing in real world commodities, traditional currencies and cryptocurrencies.

Do all the alt coins represent a specific number of nano-grams of gold? 

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Economics / Re: This Stock Chart Perfectly Sums Up The Whole Oil Crash Story, And It Is Scary
« on: December 28, 2014, 12:12:40 PM »
Wow - that is a massive divergence.  Something will have to give.

Time to watch for top formations and consider put options or short positions in the stocks?  Or is it time to look for a bottom formation in oil?




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Newbie Central / Trading Between CryptoCurrencies
« on: December 28, 2014, 12:03:50 PM »
I'm new to cryptocurrencies, but have a few years of trading experience, and a general plan on how/why to buy any stock or commodity.

The cryptos are going to change the world to be sure, and it's time to establish a foothold across a range of cryptocurrencies to permit quick movement of wealth from one financial instrument to another.  For diversification, it is prudent to prepare avenues to move value between traditional cash like USD, between a range of various cryptocurrenties, and over to real world commodities and futures contracts.

This is why I like the concept behind GoldCoin.  I'm still learning exactly how this cryptocurrency is backed by gold, or tied to the price of gold?  And glad to join your community.




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