Re:MtGox launches Bitcoins.com, an information site for all ...
by salient on Thursday November 28, 2013 @11:33AM
(#6815192)
I'm not an expert in forex, but as far as I know, high volatility commodities can quickly wipe out forex accounts, especially with such low amounts.
It does seem like a very interesting strategy though, that can probably make one even more money than investing directly in Bitcoin, but for that to work I think you need a sizable ($10,000?) amount, and only invest a few hundred dollars at most in that position. That way you can still make a lot of money if Bitcoin keeps increasing, but if it does happen to drop quite a lot, at least there's a much smaller chance of losing all the money.
Re:MtGox launches Bitcoins.com, an information site for all ...
by simonebrunozzi on Thursday November 28, 2013 @10:38AM
(#6814933)
Interesting. Can you send me more info?
Re:MtGox launches Bitcoins.com, an information site for all ...
by taigeair on Thursday November 28, 2013 @11:08AM
(#6815098)
http://www.avatrade.com/
Put in $300 and they give you $300. I opened it yesterday got a position on BTC same day (would be fun to get real BTC though). You can buy .01 lot with $300.
Re:MtGox launches Bitcoins.com, an information site for all ...
by gaadd33 on Thursday November 28, 2013 @02:53PM
(#6816110)
How do they take a position in BTC? Or is it just a casino? i.e. if I put 50K into an account there and used it to buy $250K of BTC, that should have a pretty drastic impact on the market looking at mt gox's order books, does that actually happen?
Re:MtGox launches Bitcoins.com, an information site for all ...
by taigeair on Thursday November 28, 2013 @05:47PM
(#6816889)
My understanding is they net it if someone takes an opposing position and if not, they hedge by buying contracts or BTC outright.
Let me know if you want a referral.
Also it's more liquid than buying actual BTC and then selling them I think. Just be careful about using leverage.
I left finance in 2009. I never thought I'd get back into trading...