Well I look for projects that have potential to go 10-1000x. I made 2x just from trading this week. So waiting a 1-2months having my funds locked up for that long in an ico that may or may not increase and just getting 2x isn't something I'm interested in.SamuelBRoberts said:You're using your head in a hype-based marketplace. "Look for the super-hot ICO" and "Flip it when it goes live" has been the best strategy over the past month. (I 2x'd on Obsidian so not complaining here)Alche said:LINKs horrible ICO and lack of information gave me red flags and I avoided it since then. But since then it has gone 4x lol. So what do i know haha. Still will always avoid this token as I don't trust the devs anymore despite their project being interesting.
Thank you for your inputs. I did expect a correction got my lazy ass up and cashed out. My calculated re-entry point would be a marketcap of 108 Million, but it is dropping way too fast at the moment. With just eitherdelta and binance, it is quite a gamble.SamuelBRoberts said:I have been informed by people who make more money than I make that a double top in USD is very bad.
So I'm uh... un-retracting the retraction.
Crazy part about it is I had over 40k Links. Sold all at 14 cents at a 2x. Should've held.[email protected] said:There's been like 6 different YouTubers talking about it and it's seeping into Reddit now. It's slowly being accepted by the plebs there. 50 cents is being hit today. At this rate, might see 70-$1 before the convention.
I don't know why people have such a hard time with this concept. Does anyone care how many Apple shares there are. No the care about market cap and the price of the share.SamuelBRoberts said:Coin supply doesn't matter, marketcap does. Unless supply is 1 billion or over, in which case it just gets stupid. I hate anything with a 1 billion supply.
High marketcaps have certain advantages, less risk, more liquidity (And you won't realize how much you love that liquidity until you drop the price of your favorite microcap 20% by selling .05 BTC of it)
But yeah they're definitely less likely to see the crazy upside swings that the smaller ones have.
For any ICO, I sell 1/2 when it 2xs, 1/4 when it 2xs again, and the last 1/4 I usually hodl for moon or whatever. In the case of LINK I dumped it around 10250 on 10/6, because I knew it was going down and I would be able to buy back lower.NewDayNewFace said:Crazy part about it is I had over 40k Links. Sold all at 14 cents at a 2x. Should've held.[email protected] said:There's been like 6 different YouTubers talking about it and it's seeping into Reddit now. It's slowly being accepted by the plebs there. 50 cents is being hit today. At this rate, might see 70-$1 before the convention.
If nothing else be RUTHLESS about taking profit.NewDayNewFace said:Sell the news. Guys I'm expecting a big dump after this news conference. This is a great project and I was one of the ones to invest heavy into the presale before you guys even heard of it it. But a lot of the whales are selling for profits now. I expect it to go down cents soon after this conference.
This isn't financial advise, I'm not a financial advisor.