Quote from: bonkers4ip on October 22, 2014, 01:07:48 AM

I am a former Forex trader. I still trade stocks also. Im confused about one thing regarding Altcoins. EVERY pair I look at has the same pattern. Starts up and ends at some small price that is a fraction of its starting point. Its like every chart is a copy of another. How can you possibly make money from holding these coins? Every coin I mine from multipool when I get over to cryptsy its at the bottom of the chart. With forex pairs rise and fall. These just fall it seems. And usually about a week before I get them:( What am I not seeing. What am I doing wrong? Or when mining multicoins is it just get what you can as soon as you mine them?

Thanks....and please dont flame the noob Wink

The trick is to get in literally within the first 10 minutes. Mine when there is no difficulty yet. Or simply purchase a huge chunk.

Then wait for the first spike... and then Sell.

And don't look back.

This is the only method that works with Alt Coins. And that was 9 months ago. These days you are lucky if you even get an initial spike.

"Mining and selling daily" is bad advice because you are not going to make enough money on those useless coins to cover your electric bill.

Multipool is a waste of time as well. Too nonspecific and nonfocused. You'll be collecting pennies forever there.

I gave up on all this nonsense months ago.. Trying to predict which new scamcoin was going to have an intial spike in value became so time consuming I wasn't doing anything else.

Your only hope is to get in with one of the pump and dump teams out there that put money into certain coins and certain times and tell you when to buy and sell.

Such things used to exist (wolong / dogecoin). And some dude I know claimed he had some insiders at BTC NYC that were doing this kind of crap. Pump and dumpers. Not sure if they do anymore.

All in on Bitcoin and hold for 5+ years.

-B-