Well, now that I am going to focus more on trading than mining. My electric bill is yet to scare me, I am going to pursue new thing. I believe that going for more rig isn’t going to help much with gaining more coin at this rate of difficulty increase. I think we are expecting about 4% of increase in next 4 hours.
So, here is my scenario of how I will initiate the trade.
I just transferred 20 LTC to BTC-e.
As soon as LTC/BTC ratio becomes near 0.03 (at the moment it’s at 0.02897 and decreasing from 0.0299) or above 0.03, I am going to purchase BTC.
20 LTC x 0.03 LTC/BTC = 0.6 BTC – 0.2% (fee) = 0.5988 BTC
Once LTC/BTC hits near 0.028, I am going to purchase LTC.
0.5988 BTC x 0.028 LTC/BTC = 21.38 LTC – 0.2% (fee) = 21.3372 LTC
So, with this scenario, I gained 1.3372 LTC. That is about 6.67% again. I think I will be happy with that.
*WARNING! The LTC/BTC ratio is my own calculation of trade ratio standard. There has been much higher and lower radio in history. Do not rely on my numbers as trend is never in pattern. This is just an ideal number that I will be focusing on as of now. If you are going to follow, do at your own risk. I do not hold any responsibility of your decision to trade.
As I initiate the actual trade, I will post every result when I trade.
Sounds fun! >=]