Post
Topic
Board Altcoin Discussion
Re: Newbie to Altcoins
by
flyingcat
on 01/09/2017, 19:04:10 UTC
The two things I'd suggest: remember price can go down as well as up - quite violently with altcoins. Don't buy into a pump, and really, if you look at it with detachment the pumps are pretty obvious. For example the Bitcoin Cash pump was obviously out of Korea, such concentration in a relatively narrow section of the market (basically 2 exchanges) should ring alarm bells. Avoid that and you're halfway there.
In my opinion, if you have good skills in trading, earn profit with altcoin pumped very easy, because this situation usually have waves up and corretion price. You can surf that waves and enjoy your profit.