Buying and holding coins is not as profitable as it was used to be.
Thus, I decided to be working and investing in promising ICOs.
Once the ICO is over I normally sell all the coins/tokens.
I recently discovered, few weeks after the ICO the value of coins/tokens normally drop by a minimum of 30% - so that is my entry level again.
Meaning once I noticed that, I'll just go ahead and rebuy the same coins/tokens at cheaper rates. By doing that, I can make lots of profits.
Share with us what you think about my latest strategy, thanks
Thus, I decided to be working and investing in promising ICOs.
Once the ICO is over I normally sell all the coins/tokens.
I recently discovered, few weeks after the ICO the value of coins/tokens normally drop by a minimum of 30% - so that is my entry level again.
Meaning once I noticed that, I'll just go ahead and rebuy the same coins/tokens at cheaper rates. By doing that, I can make lots of profits.
Share with us what you think about my latest strategy, thanks
Investing in ICOs is highly risky. Without taking into account if they are illegal, scams or whatever, you MUST be sure there hasn't been any preICO, private sale or better promo than yours. You might think you are buy that coin cheap, but someone else could have bought it at 1/4, 1/10... your price and dump it much harder than you. Don't risk in ICO, just buy them when they are out and the have survived the initial dump.