Topic: *Must Read* especially noobs! how to make profit (Read 4622 times)
I am a newbie interested in cryptos, so, thanks for the good advice.
Nice read for the newbies who are interested in cryptos.
Good stuff OP
i have read this post before. and it had some good points that i found useful. good thing it was bumped...
bump for Value good read.
Good post. I hope all the noobs are reading this before heading off to collect their first million.
thx for time you have spent on this thread. there are some good starting tips for wanabie altcoin traders. if ppl dont gamble with money they cant afford to lose i find altcoin trading very fun.
It's a good read. It doesn't really explain how whales play markets, but it helps newbies not to get burned much (they will get burned anyway tho...)
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It's a good read. It doesn't really explain how whales play markets, but it helps newbies not to get burned much (they will get burned anyway tho...)
to much truth... it hurts the eyes.... 
nice job
nice job
I've been in the 'game' for over a year now, and I agree with everything you've said. Nice post.
You must've spent at least a couple of hours writing this 2,141-word post.
Righteous, dude. I applaud you.
Yeah man you made 15-25 BTC profit on every single alt you ever entered. That's very believable. Me too, actually, but my profits are on average 50-100 BTC per alt.
Nothing wrong with starting small, going slow, and being patient. Sometimes the best move is the one you don't make.
Great thread !
Almost got caught in a scam "pumpgroup"
Almost got caught in a scam "pumpgroup"
There is some very good advice here. I made some of the mistakes warned about and lost money.
I'm sure things will change and all poor coins will disappear in time.
Very nice advices indeed, I've learned the hard way, by losing almost 3 BTC in coins that were merely pump and dump.
Now I'm extra careful with my investments but the points you made are very good!
Hey man, can you repost the links? I can't see the charts.
Thx!
Now I'm extra careful with my investments but the points you made are very good!
I like this block explorer, this is sloppy analyzing but check out the pie graph on this:
https://chainz.cryptoid.info/vrc/#!rich
I figure, the larger the green portion, the less likely the coin will be manipulated. Larger the blue portion, the more likely. Just a simple way to visualize who/what whales are and why they're able to control market price.
Here's the graph of one of my favorite coins, DGC
https://chainz.cryptoid.info/dgc/#!rich
Nice thread Louis
https://chainz.cryptoid.info/vrc/#!rich
I figure, the larger the green portion, the less likely the coin will be manipulated. Larger the blue portion, the more likely. Just a simple way to visualize who/what whales are and why they're able to control market price.
Here's the graph of one of my favorite coins, DGC
https://chainz.cryptoid.info/dgc/#!rich
Nice thread Louis
Hey man, can you repost the links? I can't see the charts.
Thx!
the # sign breaks the link, just copy+paste into your browser. But the point is, when there's 90% of the coins in 1-5% of the total addresses.. that means it's easy to manipulate the price. Whales will try to get ahold of the majority of the supply so they can effectively control the price point, picking off buy orders as they appear, then let the coin deflate naturally, buy back cheaper and pump it back up.. repeat as coin is marketed by shills.. pretty sad but you know what they say, a new sucker is born every day.
+1 to OP, good post.
Just need to add: research, research, research !!!
Don't buy in just because something's gone green on CMC: if a coin is a good deal now, it'll still be a good deal in an hours time after you've had a good look at it.
One of the best indicators of a success is community.....100 people backing a coin will take it a lot further than 10.
If you intend to day trade...don't forget to sell !
It's real easy to hold on just a little bit too long to a pump 'n' dump, leaving you chasing a falling market to get rid of your bag o' crapcoin just like everyone else.
Better to sell early, and take smaller profits, than to hang on too long......
Be realistic. Hoping that RobotSexNickels will make you a millionaire probably won't get you very far......but buying in a load of Primecoin and re-selling at a 10% profit will get you a little bit closer to your goal, and you can do that with lots of coins pretty much every day.
Just need to add: research, research, research !!!
Don't buy in just because something's gone green on CMC: if a coin is a good deal now, it'll still be a good deal in an hours time after you've had a good look at it.
One of the best indicators of a success is community.....100 people backing a coin will take it a lot further than 10.
If you intend to day trade...don't forget to sell !
It's real easy to hold on just a little bit too long to a pump 'n' dump, leaving you chasing a falling market to get rid of your bag o' crapcoin just like everyone else.
Better to sell early, and take smaller profits, than to hang on too long......
Be realistic. Hoping that RobotSexNickels will make you a millionaire probably won't get you very far......but buying in a load of Primecoin and re-selling at a 10% profit will get you a little bit closer to your goal, and you can do that with lots of coins pretty much every day.
I don't know if it will help or not, but here is a post I wrote that touches on how to identify/verify premines via github (look near the bottom). Everyone should verify whether a premine exists, or its amount.
Thanks for the heads up.
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