So today I invested my first couple bucks in alts on Bittrex ever. Don’t worry
>Didn't invest in DGB, RDD, ANS, ANT, or some other scamcoin
I've never traded before in my life but I did some research and I made it a rule to:
>buy only on dips
>only sell above 15% increase
>never sell below the principle on an asset unless it drops under 3/4 of initial investment.
I did some research, made a plan, and took advantage of the initial red candles and bought about $95USD worth over about 35 different coins at $2.62 a coin with 5.35 in ETH and 3.17 in LTC being the only exceptions from the average. This was all a few hours ago, but now the price is at $80. That being said, I have a concern: if this is the weekend and the collective of crypto is already falling, does that mean on Monday when the weekend effect kicks in, that everything is gonna be really REALLY bad?
RED CANDLES ERVRYWER
>scamcoin
>RDD
lol
B U Y N M R YOU ULTRAFAGGOT. DON'T YOU WANT TO BE RICH?
>never traded before in you life
>talks shit about RDD
lol i love my 3 million rdd.
im leling at your life right now
Its true though.
>Splitting $95 across 35 coins
Nigga either you're gambling on one of those being a long term moon mission or you're gonna get raped in fees
I'd probably have picked 3-5 with 1 or 2 being stable and the rest risky
I don't think I'd buy 35 coins with $1000 desu
That said everything's basically trending sideways after a month of steep growth, wait it out and don't panic. If you can't afford to lose $100 you probly shouldn't be doing this.
Since you've already bought so many just watch them and put more into two or three that perform best out of the bunch
>ANS
>Scamcoin
Boy howdy all of you invalids are going to be eating crow one day. Microsoft literally hosted their conference a few days ago. They're about to be listed on a new Chinese exchange on July 15th started by some very rich slants. Poloniex listing might be coming soon too, but that's more of an iffy rumor. Even if you have no faith in this coin, it would be retarded not to hold a little bit just in case. It's not likely to go much lower, and even if it does it's still pretty fucking cheap and you're 99% likely to turn a profit on it eventually.
This dip happens every weekend. People cash out and buy copious amounts of cocaine to fuel their weekend
> only sell above 15% increase
Why? That's a terrible rule. Why in the world would you choose a flat percentage to apply to all stocks? Choosed based on your analysis of the existing price chart for that particular coin.
> does that mean on Monday when the weekend effect kicks in, that everything is gonna be really REALLY bad?
No one can predict what will happen, and anyone who pretends like they do is FUD. The prices fluctuate a lot, it is what it is. ETH is still up 60% more than it was last month, that's pretty amazing. Jumping to conclusions based on a little price correction for the past week or two is silly.
>ANS
>scam coin
stay poor