Post
Topic
Board Altcoin Discussion
Re: Feeling the economic Crunch
by
damashup
on 20/05/2015, 16:39:53 UTC
So after losing quite a lot of money due to the decrease in bitcoin value. I am now looking to spend a few bitcoins on Alt coins to try get myself back up. Does anyone have any good recomendations please?

If you're looking at crypto-currencies, my advice, if you have the time (and inclination), would be to trade coins. Analysis the coins, the markets and (most importantly) market sentiment. Devise a strategy. Test your strategy and take it from there. Look for realistic returns. Don't expect all trades to come off just look to 'win' more than you 'lose'. Expect to spend an hour or two a day on this endeavor. Don't go 'all-in' on the first 'sure thing' you see... you're almost certain to get burnt!

If trading isn't your thing and you're looking to invest, forget and come back in 6 months to a fortune (or to have at least covered any BTC depreciation)....  good luck with that. You're guess is as good as anyone else's!