Hi @Tradealert..no. Did you? I've been in ETH and BTC mostly. I'm pretty conservative!
Ive been wondering how that project is going though. I see they're doing a token pre-sale right now. Thanks on the heads up.
"for every (1) ETH sent, you will receive 480 ART Tokens." hmmm..
Hey @scalerman, Yeah I took a small position into it, I've been monitoring their slack/telegram channel and they have a very active and enthusiastic community, still planning on dumping most of my tokens on price discovery though for instant profit but will certainly keep some as long term investment
Heya @scalerman, so basically once a token (ART in this case) gets listed on an exchange, its price will go through price discovery as buyers and sellers (ICO contributors) will try to agree on a fair price, the price of a token is very volatile during price discovery (which can last a couple hours to something like a whole week) and can go up in value significantly so you can flip some of your ICO tokens for immediate profit. Personally , I usually flip enough tokens to cover my initial investment and I keep the rest of the tokens as long term investment or for future dump if the price goes crazy. So yeah it's usually a good idea to be in front of your computer when the tokens starts trading and sell into high orders :) hope this helps
Thanks on the explanation @tradealert! Im guessing it not as easy as it sounds? Due diligence and a strong stomach being crucial to success? Increasing scam IPO's out there I'm reading.
@scalerman In my experience you can always profit from an ICO buy flipping a token within the first 30 minutes of it beginning to trade on an exchange because there's always some dude with no idea of the ICO price who's going to place an order at x2/3 ICO value, of course you need to be in front of your computer when trading starts, which is not always doable :) yeah due diligence is key as an investor, as a trader, hype is a much bigger factor I would say
Hi @Tradealert..no. Did you? I've been in ETH and BTC mostly. I'm pretty conservative!
Ive been wondering how that project is going though. I see they're doing a token pre-sale right now. Thanks on the heads up.
"for every (1) ETH sent, you will receive 480 ART Tokens." hmmm..
Hey @scalerman, Yeah I took a small position into it, I've been monitoring their slack/telegram channel and they have a very active and enthusiastic community, still planning on dumping most of my tokens on price discovery though for instant profit but will certainly keep some as long term investment
Hey @tradealert! So you buy at 1/480 of an ETH and sell after trading starts? Ive never been involved in a token sale. Thanks on the info.
Heya @scalerman, so basically once a token (ART in this case) gets listed on an exchange, its price will go through price discovery as buyers and sellers (ICO contributors) will try to agree on a fair price, the price of a token is very volatile during price discovery (which can last a couple hours to something like a whole week) and can go up in value significantly so you can flip some of your ICO tokens for immediate profit. Personally , I usually flip enough tokens to cover my initial investment and I keep the rest of the tokens as long term investment or for future dump if the price goes crazy. So yeah it's usually a good idea to be in front of your computer when the tokens starts trading and sell into high orders :) hope this helps
Thanks on the explanation @tradealert! Im guessing it not as easy as it sounds? Due diligence and a strong stomach being crucial to success? Increasing scam IPO's out there I'm reading.
@scalerman In my experience you can always profit from an ICO buy flipping a token within the first 30 minutes of it beginning to trade on an exchange because there's always some dude with no idea of the ICO price who's going to place an order at x2/3 ICO value, of course you need to be in front of your computer when trading starts, which is not always doable :) yeah due diligence is key as an investor, as a trader, hype is a much bigger factor I would say
Interesting @tradealert..thanks on the info! Im going to study this approach some more..:) Cheers! 👍