Thanks sharing. I just started my contract mining. I don't even thought it can make $1000 per month. How you do it? How you track which coin price will go up? that's amazing if you purchase so many coin and tracking it
Thanks sharing. I just started my contract mining. I don't even thought it can make $1000 per month. How you do it? How you track which coin price will go up? that's amazing if you purchase so many coin and tracking it
Hi @coindaddy :) Can I just call you Daddy? :P
"This is ten percent luck
Twenty percent skill
Fifteen percent concentrated power of will
Five percent pleasure
Fifty percent pain
And a hundred percent reason to remember the name" - Fort Minor, Remember the Name
Sorry for getting a little cocky here :D
There's no perfect recipe for this.
I just put some USD and BTC in my trading account and then go through all the markets/pairs (i.e. PIVX/BTC, EMC/USD, etc.) and based on:
I pick 1 or 2 and buy with an average of 100$/pair and then place the sell order for aprox. 150% of the buying price and just leave it there to be filled in the future.
I use Bitcoin Checker (Android app) to keep track of pair prices.
Don't imagine all my trades were successful, but I'm not bothered about that because I know in the long term they will be.
I'm just happy that 10 out of (20-30) pairs I trade are very active on a short term basis.
P.S. Send payouts from mining straight to your trading account (don't go through personal wallet) just to avoid a transaction fee.