How do you usually choose a money to invest in ? - page 2.

microchoveur

sr. member

Activity: 336

Merit: 252

Quote from: rangedriver on October 29, 2014, 04:43:08 PM

As for the price, I generally use BitcoinWisdom until it is launched and after that I would mostly make it up as I go along providing I am satisfied that I know the coin well enough to predict where the majority of the movements are going to go.

Thanks, but precisly... How do you predict the majority of the movements are going to go ?
You mean the classic schema about the coin's price ? (New investors... First crash... etc ?)

rangedriver

hero member

Activity: 714

Merit: 504

Typically I want to see what the developer looks like first, ideally via an informal exhibition of family photographs. If everything has gone well, then I'd then move on to the next stage: Impromptu street polling under the guise of a lemonade stall.

As for the price, I generally use BitcoinWisdom until it is launched and after that I would mostly make it up as I go along providing I am satisfied that I know the coin well enough to predict where the majority of the movements are going to go.

As with all coins, I try not to stick around for too long. The main thing is to keep your ears to the ground, and when something comes that sounds reasonably adaptable: Take four of them, and share the remainder with your friends. That way, if something goes wrong you have mitigated your risk by a factor of 4:1.

microchoveur

sr. member

Activity: 336

Merit: 252

The question is in the title.

Which are the criterias that make you choose a monet to invest in ? (For example the possible popularity, the way the dev introduces it, news...)
Then, how can you spot that the price is going up ?

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