Post
Topic
Board Economics
Re: Bitcoin trading strategy
by
Dotakels
on 14/05/2015, 14:48:38 UTC
I'm starting trading with bitcoins a couple of month already i buy low and sell high but really i wanna know if there are any strategies or equations to follow to know which time is perfect to buy or sell  or which is not and so on ......

I guess there is only one strategy in the cryptocoin world that works in the long haul (apart from arbitrage, of course), that is, to follow big fish and not get caught in the way (unless you are the big fish indeed)...

I ever did this (follow the big fish), but what if after I following him and then he suddenly disappear? What should I do next?

Sell your stash of coins as soon as possible. You may of course ask me how you can catch this very moment (when pumping turns into dumping), but I pretty much don't know. Personally, I prefer day trading. By the way, yesterday was a good day for Dogecoin (remember, follow the big fish), and I guess many profited handsomely...

How come you ask them to sell their stash of coins but you didnt give any spesific reason? You need give them at least a reason why you should pump and dump it as soon as possible. This will help them and give them some good information when trading

Specific reason for dumping one's stockpile of coins was given in the post I replied to. You may want to read it
And the other reason is to earn a big profit by doing pumped and dumped. As usual we do it to earn. or you do it because you want to earn .