You are viewing a single comment's thread from:
RE: Moving to the top 3 cryptocurrencies
Ok a nice tip to remember when investing in Altcoin's is that hype builds fast!
Take DGB for example, with the recent Citibank challenge the price rose as high as 2600+
They didn't win which was to be expected but the price lost 50% rapidly. This trend happens quite often.
Most recently was with Antshares with it doubling day on day leading up to the recent conference in China. Which was held in Microsoft's headquarters btw. But no big announcement was made so the price lost 50%.
Just pay attention to upcoming market releases, conferences etc and sell before they happen, safest way to maximize profit in my experience
Cheers, thank you for the clear explanation. Indeed staying on top of the information surrounding a cryptocurrency is the only way to make decisions on buying/selling. Making a quick call seems to be the method on making gain in altcoins.
Just follow the pump up while trailing stop and buy orders maybe 5-10% apart depending on how volatile the market is. When the coin is on the up trend you can make 5% 10 times which is much better than making 50% :)