Do you think this could be a good trading strategy?

maokoto

hero member

Activity: 770

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✪ NEXCHANGE | BTC, LTC, ETH & DOGE ✪

Quote from: ?? on ??

What a coincidence, the stars must be aligning. Its taken you 2 years to learn the old "buy the IPO, sell the launch" trading strategy that keeps Lambo alive, when all the while I've been waiting 2 years for this coin to launch so that I can use it everyday.

Well actually it only took me some months Grin

I am only 8 month old into Bitcoin, and less than that in other altcoins. Began posting in trading forum about 3 weeks or less ago.

I do not pretend the strategy to be revolutionary, I am only trying to get counsel from other wiser people, just in case I missed something.

Wink

maokoto

hero member

Activity: 770

Merit: 500

✪ NEXCHANGE | BTC, LTC, ETH & DOGE ✪

Thanks for the advice! I have not put much in this yet (just about 50k satoshis). In fact, I am asking in order to get recommendations from more experienced users befor entering into that Wink

Mickeyb

hero member

Activity: 798

Merit: 1000

Move On !!!!!!

Quote from: maokoto on October 05, 2015, 11:15:05 AM

Most altcoins raise a lot on being released. Let's say you buy some altcoin with BTC as they release (first or second day of release at most) and inmediately set them to sell at, say a 5% more of the buying price. Would it be a good strategy?

I know that it will fail for some coins, but Would it not be profitable on average?

This has worked very well before, when we had a lot of volatility and many new altcoins (even though most of them were shit coins) were being release daily.

I guess that this time is far behind us. The last one released was Ethereum. I don't even know what was released before Ethereum and what will be released in the near future.

Be careful not to lose money though!

maokoto

hero member

Activity: 770

Merit: 500

✪ NEXCHANGE | BTC, LTC, ETH & DOGE ✪

Quote from: tiggytomb on October 05, 2015, 11:26:04 AM

You could be alright with this, 9 times out of 10 the price jumps a bit when they move onto a larger exchange but you could also be left holding a bag of worthless coins, I suppose it is all about timing.

Thanks for affirming. It is the same I supposed... if one gets in soon enough there should be profit most times.

tiggytomb

legendary

Activity: 1848

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You could be alright with this, 9 times out of 10 the price jumps a bit when they move onto a larger exchange but you could also be left holding a bag of worthless coins, I suppose it is all about timing.

maokoto

hero member

Activity: 770

Merit: 500

✪ NEXCHANGE | BTC, LTC, ETH & DOGE ✪

Most altcoins raise a lot on being released. Let's say you buy some altcoin with BTC as they release (first or second day of release at most) and inmediately set them to sell at, say a 5% more of the buying price. Would it be a good strategy?

I know that it will fail for some coins, but Would it not be profitable on average?

Topic: Do you think this could be a good trading strategy? (Read 770 times)