One other thing I would like to know - one of the articles on the site states:
Lets take a closer look at this CLOAK trade as an example.
CLOAK is a popular coin, however, it has only had one major rally in its entire history. This rally was a high volume rally as it took place during the tail end of the last, market wide, bull run. From Jun 18th 2014, to the peak of the rally on Aug 1st 2014, the total trading volume for CLOAK was a sensational 4,418.33 BTC on Aug 1st 2014 the price of BTC was $607.04 USD, so were looking at a total trading volume of approx. $2.68 Million USD
During this period, the price rose from 20,011 Satoshi before settling at 345,000 Satoshi and producing a 1,624% gain for those who were able to see the move through from start to finish.
But this isnt the most crucial piece information here
What interests me the most, in any coin, is the % decline after each rally.
You see, after CLOAK reached its peak of 345,000 Satoshi on Aug 1st 2014, it began its decent. In fact, CLOAK continued to shed value for 5 months straight. It reached its absolute lowest point on Dec 29th 2014 at 1,635 Satoshi, which represented a 99% decline from the peak of the last rally.
Now
(and please take this is in)
I personally have NEVER seen a coin lose more than 100% of value
Simply because the law of maths dictates that it is an impossibility.
So this is why I laugh, sometimes even out loud, when a person suggests that it is impossible to always buy the absolute bottom.
Many people do this every single day.
Now I may be misreading, but this seems to be implying that it is possible to always buy at the "absolute bottom" by recognising when a coin has dropped to 99% of its value?
This sounds fine - but - I HAVE seen coins lose more than 100% of their value - when they get delisted by exchanges, they effectively become worthless.
Additionally, there are plenty of ways a coin can drop in value by more than 99% , but never drop by 100% (buying into the idea, for a moment, that it is impossible for a coin to drop by 100% of its value).
For example, it could drop by 99.1% in value. Or 99.9% in value. Or 99.9999% in value. I hope you understand what I am getting at here?
Much of the philosophy on the site seems to centre around the idea that coin values will always move in "rhythms" or predictable patterns, and that coins which drop in price will eventually rise again.
However I have bought into numerous coins in the past (FTC, DOGE, loads of others which I can't remember) which effectively nosedived after an initial pump, and then never recovered - simply sitting at a few Satoshi in value.
Sorry if I have misunderstood, but if that is the case - please explain - what is the secret to ensuring you always buy at the absolute bottom?