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Re: Invest and make money -[ MUST READ]
by
esclade
on 22/03/2014, 17:02:55 UTC
i have received some requests to provide advice on trading coins. i do trade coins but this is only for myself as it is difficult to establish a genuine rise. i look for coins which can give me the best return in a short amount of time, but again it is very risky as majority are pump and dumps, also i do not spend to much time analyzing coins, so it is difficult to provide the right advice, i prefer to risk my own btc rather than anyone else's.

even if i were able to, it would look no more like pump and dumps, where some may loose and some may win. everyone signed up on stocks, makes money and no one is the victim of pump and dumps.

currently i have traded maxcoin, blackcoin. i may trade auroracoin, depending on what happens on 25th March. my opinion is you may not see a large sell off straight away as it will take time for icelanders to claim their coins, and then if you see a steady descent, sell and buy back, as coins have value based on investor confidence. if the market cap falls massively people will take it as a bargain considering the previous heights it has reached, when it goes up i cannot say if it will hold, but their is money to be made on auroracoin.

do not take this as advice but simply my take on things. in reply to the requests i cannot provide advice on coins, i will stick with my current program.