Im watching PEC, price of PEC jumps or falls with last trade price. I think it should have an average price over trades. If not, it havent a stable price, so its not safe. I don't understand about trading so much.
When the coin is new, it has a big volantility, because nobody has idea what it's worth. Let's say I am the first miner for PEC, you are the first buyer. I mined one PEC and made a crazy sell order 1 PEC for 1 bitcoin (thinkg that maybe someone will buy it). If there are no other offers, and you want to buy it, you will have to buy 1 PEC for 1 XBT. Later other miners will follow my way, and most of them will understand, that for example 2 PEC for a bitcoin or even 200, 2000 etc is a fair price, so they will make much more interesting offers for you. Buying newest coins is in most cases something like gambling, not investing, because of this and other factors. If you want to be sure you paying fair price, you will have to wait till more volume/offers will come. But from the other hand, in first hour of new pair trading in new platform, you sometimes can sell very high (my example) or buy very cheap. The market was not formed yet, and if in bitcoins case everyone knows that its price is $800-1000, noone knows what new altcoin will be worth tomorrow. So, you can try to buy it for 1 satochi and sell for 10 im few days, or buy for 10 and will not have opportunity to sell at the same rate it in nearest months.
That's why I mostly invest in technologies like "Bitcoin 2.0" - NXT, MasterCoin, BitShares etc. They are new products/services that can be very usefull and either are "bitcoin updgades' or somethink really unique. Maybe from 5 investmenst 2-3-4 will be not so cool, but t least one of them can became x10 or more pricey.
A am also trying interesting (but not from tehnologic side) forks like COYE, TITIES (how to miss such project))) and even DOGE, But, I purchase smaller amounts, because it's harder to preditc what will happen with the coin next, and what is the proper price before it hits major exchanges. Right now I have some business interests in altcoins market so I try to participate in most prominent alts. But, what I nvest there - this is a kind gambling money. I'm currently in country that banned all casinos by the way)))
Remember - it's crazy to put your last monye even into bitcoin, but when you are "investing" all your life savings into DOGE you are just doing the same as if you''l take all your life savings to casino. Would you play in casino for or your money/property? I will definitely not
If you want to do an investment for months and more, not just purchase of interesting coin trading cheap at the moment. That can go down forever tomorrow, you should check details about his currency, "waht new can it bring to our world?"
I've checked bitcoin 2.0 protocols ets, other e-currencies, and NEXT (the only one reallly oparting now) my favoutite one, that made me few thousands usd already
Be wise, when you'll come here for first time and see all this "I purchased DOGE yesterday at 1 shaitoshi and today it's worth of 10", not try to invest all money dedicated to this ASAP. You will make mistakes 100%, so don't be in hurry and do your homework)
