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RE: ADSactly on ADSACTLY - Part #40 - Cryptocurrency Trading General Advice

in #adsactly7 years ago

Thanks for that informative post! I'm relatively new to the the crypto trading market and mainly want to minimize my "games" with trading as I do not trade high volumes anyway - but I do try some trading from some to time and those advises are needed - nit only if we didn't know them before but also to remind those of us that do know their way in the trading world some basic principals - and "do not panic" is a value that needs constant reminders!

Those self proclaimed "crypto analyzers" might even be more suspicious - what if they buy a certain coin before publishing an update about it, and than claim "coin X will rise that and that" - and while the herd of sheep hurriedly buys the recommendation - the "analyzer" can now sell his pre-bought coin to those who followed his advice in the hope of some easy money.

Now "missing the train" is an important one too - I remember 1-2 times I tried to buy the "biggest gain" coin in bittrex just to find it falling quite fast - most probably a pump&dump act of some group.

I am aware of analyzers that take time to clearly understand a company, it's token, the people behind it, it's future - are there major announcements? are they gathering a base of fans and build a product around their coin?
In case this this examination is performed - the complicated analyses can add technical methods to the augment his conclusions - there are some people that does it really good here on steemit - some of them are part of ADSactly by themselves!

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Excellent article. Very good.

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