Thanks, that was a helpful explanation. I've been reading about the exchanges and other coins (mostly ETH and LTC) and I saw the big ETH crash last week. Amazing to see the "wealth" vanish in a second.
I thought you might have been talking about trading on an exchange, but I thought maybe you had a successful method you'd be willing to share some hints!
I'll keep researching and may try to dabble in the markets a bit. The idea of creating coins thru mining seems safer for my money than trying to buy low and sell high... I don't feel that lucky!
Thanks again
I thought you might have been talking about trading on an exchange, but I thought maybe you had a successful method you'd be willing to share some hints!
I'll keep researching and may try to dabble in the markets a bit. The idea of creating coins thru mining seems safer for my money than trying to buy low and sell high... I don't feel that lucky!
Thanks again
Haha, well buy low and sell high is pretty much the end game. Watch for trends and learn when something is going to go up after it has gone down. Usually a currency will drop (theoretically say 100) it will usually rise back up again 50 before it either continues to drop again or continues to go up. Here is an example (each yellow arrow is the approximate 50% bounce after a drop) that is where you can make small amounts that add up (you buy at the low point and sell at the high bounce):
As you can also see, if you had this when it was a low price, you could of sold it for a pretty good profit at the middle before it went down. These long term waves happen on almost every Alt-Coin, almost every one. There are also a lot that never move and are usually delisted after a time.