Ninjastic
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Board Announcements (Altcoins)
Re: [ANN] Cinni | PoS | No premine
by
coine_smithe
on 23/04/2014, 23:33:10 UTC
Quote from: chesthing on April 23, 2014, 11:13:53 PM
Quote from: coine_smithe on April 23, 2014, 11:05:43 PM
Quote from: chesthing on April 23, 2014, 11:02:03 PM
Don't sell any Cin, just buy on dips until 10k. After that, I have no idea what to do - dump and try to buy them back cheaper or hold like hell?
I'm a really bad trader, seriously. I should have just held BC instead of trying to improve my positions, I should just do the same with this coin - just don't want to get buried in a massive dump.

You said it yourself, if you're bad at day trading then that means you are a fundamentals investor. You should be happy that you are invested in a coin that you know is a good coin. Day trading is a totally different skill than being able to recognize a good coin when you see one.


I freakin rock when it comes to picking winners but muck it all up trying to maximize my position. Given that please give me your best advice, I don't care about these little dips and peaks, I want to have some kind of idea how to spot when big pumps will turn around and fall 50% or more down.

I have also had troubles with trading in the past. My current strategy is this: Bitcoin is 5 years old. Even Dogecoin or Blackcoin are infants compared to Bitcoin. For all we know these top coins could be worth billions in a couple more years. Do you really want to look back and regret all that? If a coin is obviously crashing and you can't think of a single reason it will recover, like the dev totally failed or it's a scam, then sell. But if it's a good coin so far like Cinni, and your 1 BTC has turned into 20 BTC, instead of selling it all maybe split a BTC off and invest in another new coin and maybe make your 20 BTC again. That is my new strategy.