i dont know when its time to sell
shiiiit just got real
The hardest part about this coin is knowing when to exit :/ never?
This may help:
https://bitcointalksearch.org/topic/m.6199573If you want to be rich by investing in BlackCoin or any other promising coin read about this
simple investing system:
https://bitcointalksearch.org/topic/sss-a-sane-and-simple-bitcoin-savings-plan-345065TL;DR:1. Buy coins for as much money as you can afford to lose
2. Wait for the price to double
3. Reward yourself by selling 10% of your coins
4. Go to point 2
If at any stage something bad happens to the coin you should still have plenty of cash.
Don't sell all your coins - don't repeat mistakes of the people who were selling bitcoins for 1$ or worse.
Good luck
There is still some questions to ponder:
- Cashing out in BTC or in fiat? I think it depends if you think BITc will go up (
helpful chart for this)
- 10% every x2? Right numbers? What about 5% every x3, for instance or x1.75?
- Does it apply to Blackcoin's meteoritic rise?
- Is it useful to sell THEN place a buy order below? In case of a "bouncing dump" (dumping and going up again) that would mean more money to you for a currency you know will eventually go down (I accidentally put created such a buy order so I took advantage of the dump, but since I sold at 75k and placed my buy order at 74, I did not earnt much BC in the process). But if this is a regular dump, with no coming back expected, that would be bad strategy
Slow and steady is for Mintcoin, no offence.
PoS is a better system. Requires less energy, has faster confirmations. It is imply the next step in cryptocurrency. Bitcoin popularised cryptocurrency like Naspter popularized p2p networks, but there are technological advancements that need to be made. Blackcoin will not be the last step, but it is the next step.
+1
http://pando.com/2013/12/16/bitcoin-has-a-dark-side-its-carbon-footprint/Production at work today... little to none?
That was me today
