Plundering the Coins

Turns out that a lot of the seemingly "safer"/better exchanges to trade at don't accept NZ clients yet. Which is a bit of a pain, so when start throwing decent money into this it will be very prudent to separate the funds between places. Note: I'm not sure if I did this the right way so there probably is a better way! (1) I used this website to convert NZ$350 to bitcoins, which gave me 0.11867545 bitcoins. https://localbitcoins.com/country/NZ (2) I then opened an account with the exchange Bittrex. Which seems to offer a wide range of alt coins, and on first experience seems quite good. Then I transferred the bitcoins to this account. (3) Fiddled around with Bittrex for a bit. Decided there must be better software out there. (4) Found coinigy which seems like a pretty solid platform, linked up with Bittrex account. Side note: Although there is a BTC/USD tether; it seems that there is no way to hold account in USD... So will need to hedge when I g...

Recently came to my attention that things are particularly frothy in the crypto-coin space. Upon further inspection, reminds me somewhat of what I imagine that dot-com bubble was like with 100%+ movers every day. The actual trading reminds me somewhat of the OTC space when it was hot with quite a bit of manipulation, but surprisingly clean moves. Interestingly a lot of these coins seem really liquid. Thought Process/Goals: (1) Obviously if it is super frothy it's not going to last forever; but it could easily last for a few years if it turns out that I'm an early adopter (which I'm somewhat doubtful of but who knows). (2) So spend the next few months feeling it out how they trade and developing/refining strategy.