I have a method of valuing coins, sort of how a real estate agent might price a home. I was able to price Romancoin correctly and I bought the entire orderbook from 65 satoshi up to 117 satoshi. It later went on to hit an all time high of 640 satoshi.
I have a question Tokyo, What percentage do you think your trading strategy revolves around actual valuation of coins and how much revolves around the use of your name to extend said value of a coin?
For example you had continuously posted in the Romaincoin thread things like this:
nice try but you are not going to scare people into dumping. But there is no pump and dump. this coin got stupid cheap and those early sellers are going regret it. No one would be stupid enough to sell at 100 sat. Hate to break it to you but you wont see 100 sat again.
This thing is breaking out to 1000+ satoshi.
And you also dropped a line in the investment journal stating you were going to buy ROM. With ROM hitting an all time new low of 0.00000015 satoshis is this the all time best time to buy in again? Or was it a perfect buy and sell at 650 never to be touched? Which fundamentals would you be using in your analysis to evaluate coins? No premine? Active Dev?
I mean this post with no ill-intent just curious to how you are valuing these coins that's all.
A huge percentage goes into valuation. I can't help it if people invest on my observations or what I post. I just love talking about cryptos. I also mentioned PHS and CAP in my May wrap up. I did that so people have an idea as to where my BTC is going and how HBN can be used as a tool to generate BTC that can be used in other investments.
I can't tell people when to buy or sell. That is the million dollar question. If I am right they love me, if I am wrong I get crucified. As far as premine or active dev goes, that is also a hard one to judge. Some coins find success with huge premines, others turn out to be scams. Some coins have active devs and fail, others go into non-active zombie mode and still explode in value. So in regards to ROM, I really can't say, but I feel it can reach 1000 satoshi . It has an active dev, had an honest IPO and 30% annually is a nice cushion.
Having said that, I think an active dev and little to no premine is a recipe for success. I would put more value on a coin with those characteristics.