Quote from: g0re79 on March 23, 2014, 08:23:15 PM

Quote from: esclade on March 23, 2014, 07:33:26 PM

Quote from: g0re79 on March 23, 2014, 05:58:16 PM

Quote from: esclade on March 22, 2014, 05:02:55 PM

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.

Novadays there are launched 2+ new coins every day, mostly IPO SCAMs. You may basically avoid pure scrypt only coins (which IMHO including LiteCoin and DogeCoin, although they have strong comunity, which on the other hand counts a lot), because they will be dead in < year due to incoming ASIC storm. You may do Your own research to find some special coins, but for start You can´t go wrong with Heavycoin (https://bitcointalk.org/index.php?topic=506774.0). You may also check excelent topic of what signals You have to avoid for not to drop in SCAM: https://bitcointalk.org/index.php?topic=480934.0

For long term investing I would put money in some average platform (known as Bitcoin 2.0) like Ripple or Mastercoin.

majority of the coins do quickly die and some do have promise. the thing with coins are is anything new a coin offers investors jump on the opportunity to make money. currently i am heavily invested in Blackcoin. i am up 300% up there, it will be a bumpy ride but it does show a lot of people have a interest in it. i regret not selling at 4500 and buying back in at 1500 again, but i bought as people over reacted.

i don't take trading coins seriously, so i do not spend too much time researching coins. i have my own guide i follow, and if all boxes are ticked i invest.

Agree on bumpy ride - I dumped all BCs at 2800 after doing some math and thinking that I won, since i mined and bought them at about 900 sats. 1% anual interest and original dev gone seemed to me like reason to leave silently, but then comunity took the reins and now up they go.. But I almost quad my investment, and thats all what its all about:)

EDIT: All about crypto investing is that its here and now - You can´t regret that You did not jumped Bitcoin train 2 years ago same as You can´t regret You miss SlothCoin launch 4 Days ago. If You do some research (huge time consumpting I must admit), You can make decent income even on downtrends.

i bought as much as i can under 1500, the only problem im gonna have is selling as my target price will leave me with a mountain of BTC, there is plenty of money to be made with coins, there is alot of hype around it thanks to the latest altcoins reaching new heights. the kind of rises i see with coins is rarely seen on the stock market, but with the market a return on your investment is much more guaranteed if you follow rules and have good understanding of it.

nevertheless it is fun trading coins as the wild movements keep you on your toes.