Hey guys,
I have been in altcoin investing for a couple months now. I do my due diligence on the altcoins that already exist on market, pick the altcoins that I think can make it long term, buy them and store them safely in my wallet. My plan is to forget about them and hopefully in 3-7 years at least one will hit the home run.
However, after observing the ICOs I noticed that a lot of money can be made in them short term. And that is what I am trying to do. Here is my question though.
Lets say I found one project that I like. I go to its very own website, follow the instructions, create local wallet and buy and store the tokens there. Great! Now the ICO day comes along and I see that the price of these token (currency) has increased 300% and I would like to sell my tokens so I can cash out.
Where exactly can I sell these tokens. They are so new will they be listed on any exchange?? If this is a case crypto exchange has to list the mentioned altcoin on their platform or is there any other way. According to my analysis, it is best to sell these tokens in the first couple of days no matter if the price goes up or down during this period.
Please recommend any websites where I am able to sell these tokens the moment the ICO starts. It would be unfortunate not being able to sell the tokens in the first couple of days after ICO and keep all of them for long term. Because I am sure that most of them will fail and lose value over time. The ones that I really believe in I will keep long term.
Peace