Hey ryan I just wanted to ask seeing as you guys always climb into the best coin at a very early stage, i noticed the first recommendation for XBS was 3068 Satoshis and it has touched 151,890 since then so thats something crazy like a 4,850% profit for long-timers in the group
I just wanted to ask you what exactly you look at to pick coins like this that will have long stints in the limelight?
Well, in a 'market,' ...."marketing" plays a very significant role
There was a little segment in one of my previous posts where I mentioned a very specific philosophy that will enable anyone, new, novice or experienced, to make good and sustainable long term income in crypto
... there is no such thing as a fair market. Wheres the proof of this you ask? ... Well, the proof is in the pudding. The biggest losers in this market, the traders who have accumulated a string of loss after loss after loss these guys are the ones that attempt to trade altcoins as if this is a fair market. This is the reason why they can do nothing except lose.
A skilled trader is not concerned with the legitimacy of a developers marketing speech. A skilled trader is only concerned with determining how the rest of the market will respond to the information presented by the developer because, as I mentioned above and as some of you have noticed, there are coins that have enjoyed several high volume pumps regardless of whether the developer delivered on his promises or not.
You see, too many people are trying to fit square pegs into round holes in this market
There are people who use all kinds of trinkets like RSI and other useless price indicators that are supposedly able to 'predict' the perfect buying point for a coin... this is lunacy, because a large holder doesn't decide to dump his entire position based on some Fibonacci tool, or SMA indicator, he dumps when and whenever he feels like taking some profit. Therefore oscillators are completely useless, all they do is hold thousands of traders back from achieving their full potential...
Also, too many people would rather devote hours upon hours of their time towards attempting to call out a developer on "false promises" and "unrealistic roadmaps" and other issues, all whilst intelligent traders are filling the boat at the cheapest possible rates - like we did with XBS and a whole host of other coins.
Personally, I make buying decisions based on how strong I perceive the marketing and branding of a coin to be.
Just have a look at the charts...
The coins that have enjoyed long and prosperous tenures in this market, each and every one of them had a unique "marketing" angle. They all had a unique selling point, combined with an ANN thread that was presented in an a-class manner... giltzy graphics, over-the-top terminology and etc - coins have pumped numerous times, regardless of whether the developer made good on his promises or not
These factors enable skilled traders to front run the rest of the market... because skilled traders will not sit there and attempt to uncover 20 thousand inaccuracies in the developers roadmap, nor will they attempt to compose a long winded premine scam accusation - they simply look at the information provided, and then gauge how the uniformed public will respond - and 9 times out of 10, the majority of the trading public in this market respond to the developers marketing speech as if it is 100% fact
And that is all we need, as skilled traders, to front run the entire market
Because, in a 'market,' "marketing" is key...
The better a coin is presented, the more likely it will suck in and draw the attention of the entire market - which leads to long and glorious extended rallies.
But don't be mistaken though, this is only one out of many tactics used to gauge long term profitability.
Have a look
here and get familiarised with all of the other methods, because they all work in tandem with each other