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Good! Will do. I just jumped into Bitcoin less than 3 weeks ago. I'm a designer and I see it going far! I'm in for the long run... w/long run type positions. Very Very new and exciting to me. I'll be chatting off and on.
So as you new you have to know that investing on pump and xem is in pump phase is dangerous.
Look at that:
http://www.forbes.com/sites/reuvencohen/2013/11/27/the-top-30-crypto-currency-market-capitalizations-in-one-place/#287194451596Where those coins now
? why people who believing in next BTC were wrong in thinking that one of those coins will be next big one,
you need research a bit. To be honest there is not many coins with devs delivering something NEM fresh.
Crypto like seasons if some coin is successful then you see spam of cheaper clones.
Outcome of clones is usually bad as you see but technology pioneers are getting hit too.
There is a lot of scams around so if something looks like scam smells like scam to good to be true
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yea this is scam. So beware. Every coin on every thread is going to bypass BTC
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every coin is going to moon. (1/10 is doing 20x rise but rest not, research why )
Most important rule is to not buy on pump, the higher coin is in market cap the higher chance that it will go down,
look at coin market cap and you will see that going down part is much longer than going up.
I agree, too many shitcoins out there, most will be gone in 12 months, too many BTC/LTC clones.
Only unique projects that bring something new to the table will succeed long term, XEM is one of them and IMO has the highest chance out of most alternatives to BTC.
We were in a pump phase, but i think if there was going to be a major dump we would have seen it already.
We were seriously undervalued and off the radar for a while it seems (except Japan perhaps) so we are sitting at a realistic value now.
I think that most of the pump likley came from Japan anyway on Poloniex, since so many were asking questions on the trollbox etc.
HODL long term and accumulate while you can when its cheap, just put a small amount aside each week as your funds allow.
In the future, you wont regret!