3. The creation cost of a coin represents the “wholesale” price - It is always better to buy when the price is close to the creation cost.
5. Patience and timing are key to making profit:
Can you explain what's creation cost of a coin for your assumption? I think I can guess what you mean that you are referring to the costs of mining a coin. I that case I won't say the creation cost is relevant for the price, it's other way round. If the price of a mineable coin goes up, the creation cost per coin will also go up soon because the mining difficulty is rising (more miners are joining the network where the fixed rewards per block are divided between = less coins per miner while their operating costs stay the same). 5. Patience and timing are key to making profit:
- Small buys when the price is close to the creation cost spreads out the risk.
- Small sells when the price is high off the creation cost spreads out profit.
Didn't get that either, but I assume the same, he refers to the profit margin a miner makes.
But it that case I would do the opposite since when the profit margin is small miners would feel pressed to sell more coins to cover up expenses. If the costs are only 1/10 of what you make, then you sell a smaller quantity.
Or at least that's how I would probably do it, I never had a lot of mining gear and thus expense that would put me in trouble when paying my next electricity bill.
However, I don't know in which way such mining economics affect the price, especially when the block reward is getting lower over time. I don't think it has much impact.
