To do that you must have skill or luck. It's better to hold if you have neither.
I agree.
I believe I have both skill and a bit of luck. I sell on the way up. When Darkcoin had earlier run-ups in price I sold all my Darkcoin and made a decent profit. When the price continued to rise later I reinvested.
Yes, if I had held on to my original Darkcoins when I bought -13.9547 BTC worth at 0.0019173 on April 23rd I would be doing great.
However, no one can tell when a coin will die and you will be holding the bag.I sold on the way up for both Blackcoin and Cinni and made a good amount of profit on each of those by doing so and they later never recovered. If a coin does recover like Darkcoin did you can invest at a later price.
People there IS A WAY. Do a logical test: Is Darkcoin better than Litecoin? If yes, DO NOT SELL until the coin market caps are
at least equal! I didn't look at a single chart this whole time.
Same thing was said about Blackcoin, Quark, CINNI, on and on and on. You should read the threads on so many coins when the price is being pumped. They all read the same way. They all read that their coin is the best. The market cap will go above Litecoin. The coin will be the new Bitcoin. They all are bagholders now.
btcprice, your seeming lack of personal connection with DRK is concerning. Perhaps you should visit darkcoin.io or can I send you a pamphlet?
Jesse, sometimes I make posts that don't reflect my full position. I was simply commenting on how many people read a little about a coin and think it's the end-all-be-all coin.
It's hard to follow one person's posts through all the other posts. If you were to see my previous posts on my positions on DRK you would see I am very confident in the future price of this coin by virtue of how much I have invested in it.
The thing that impresses me about DRK is the mainstream press that it's getting. This drives the large investors and amateur investors alike, causing the price to go up.
One of my favorite articles is the WIRED article that mentions the anonymity of the coin. I believe there are many people buying recently for that reason alone.