Post
Topic
Board Trading Discussion
Re: What are your thoughts on trading these pairs & cycles?
by
TheUltraElite
on 16/11/2017, 08:46:23 UTC
http://thecryptolabs.com/index.php/2017/11/15/6-cryptocurrencies-can-see-250-gains-short-term/
They're DOGE, XCP, FTC, THC, DOPE, ERC, and EMC2
They seem to be following explosive cycles, Risk:Reward seems very favorable.
So you read that on an article and you believe that you can make profit of these shitcoins? I would not suggest any of them added the reason that there are articles promoting them to people. You see many shitcoins are often promoted by people who have big websites with good traffic to the crypto associated people just to provoke them to buy it. This doe not mean that they will be profitable, rather it may be a pump and dump scheme where you might enter the market when a dump is made and then the price never recovers from that dump.

Quote
I was thinking of buying small amounts, setting sell orders around avg %^move of the peak.
You can try that but do so after doing proper research on what you are investing in. But thats just my opinion.