Bitcoin Forum

Quick question folks.

Say... You see a coin starting to get hyped and pumped. You have a feeling it's gonna sky rocket, then implode. What strategy could you use to take a chance on it, while lowering your risk?

I was thinking something along the lines of a strategy such as removing your initial investment once you've doubled your money.

Would that make sense?

It's very tempting if you know that a coin is going to be pump and all coins are subject to pump my advice is to when you made a profit and initial investment back just leave a little amount in case a pump will happen in the future and your order is already in the  first on line..

I take it that this thread is referring to steem? lol

i think if you are a risky type of a trader that strategy will work mate because you are not losing anything instead you are still at earning side you already removed your initial investment and if pumping continue to happen you are just adding more earnings inside your pocket hope you can share this i'm available always just pm me if you have something in mind so we can go together hahaha. good luck buddy.

Like a big, long cock--just remember to say "thank you!" after you've been screwed.

Joining in on a pump is the stupidest thing you can do. Too much risk not enough reward. What you should do is research projects, find the best ones, buy them for cheap and then sell once it pumps.

If you already have the amount of coin in your stash, place your sell order according to your wants :D . Some did it to placing % sell order in increasing price manner.  But if you don't have the coin yet, this is pretty risky.  Don't let greed control you. It will take you nowhere :D  But you can do your research about it. 

if i can find the coin before it is pumped i will surely invest in it and enjoy the ride and take my profits on top and get out a happy man.

but if i can't catch it before the pump i rarely get in because it can be already too late to get in and not getting profit is better than losing money.

also if i see everybody talking about something like steem in this topic i will sell and get out because it is getting dangerous already :D

If you do end up getting a free ride in a pump Then no 1 rule is try not to be too greedy,  my problem with pumps is i always hang on for that little bit more and then end up missing the top and getting dumped.  Id say if you can at least sell your initial costs then you can be as greedy as you want.

steem dump has happened! ;D

Steem is still at 0.004.  Its not dumped yet but will do soon.  I assume this is the pump that op is riding.  If anyone is actually buying into this then they are going to get burned pretty soon.

My mistake there has been a dump.  I didn't realise it got pumped up so high.

I think Steem is gonna do well in the longer term, but yeah, very volatile at the moment. I hope this doesn't put people off it altogether. The Steemit site is so far pretty cool.

it is tempting to go with the flow OP steemit is showing a very big pump just thinking about riding on it
just checking and keep tracking the moves as of now mate. good luck.

I would follow the pump until I notice a serious buy volume reduction and a small price drop. If that's not the end of the trail I would get back in and repeat the process. The important thing is to get out while you still have profit.

Steem seems to be bouncing back already. crazy shit

If u wanna ride some pumps then u can always take the risk and do that

but I think smart investions are made with calculated reasoning and secretly strong sentiments in the mind.

So if u have the money u can make more money over time just by observing and being smart.

~CfA~

strategy? just buy it and sell at the end...
i know it's hard to find this end, and that's where you need to learn about graphical suport and resistence. if it fail a resistence, just sell. if breaks it, keep the coins for the next wave.

Only if I had foreknowledge of said pump, and then I probably wouldn't trust it. They are too uncertain, what is an uptrend one minute can become a massive dump in a few seconds. Never buy into a peak, always wait for the price to correct before you enter into an asset on a steep uptrend.

With a small or medium portion (money I am willing to lose) and monitoring the buy orders to see how strong support is. Of course it could be manipulated but Important thing is, for entry you want to put a buy order where you think there is enough support but possibility for a dump, this way you don't get dumped hard if there is a dump. Once you're in, monitor the price and buy orders and volume. Earn enough profits, don't be greedy, then get out  :D

Don't join, wait for reversal and short that shit.

I hadn't considered this, I rarely short markets as it's extremely risky with the volatility in this space. With that being said, after every wave there is a crash. This is actually sleeping genius right here, consider actually using this strategy.

Contrarian trading. Wait for the mob to start being real stupid and do the opposite - works quite well. Enter on signals.

That's usually a good idea but for different reasons you're thinking of.  It's good to reduce your holdings of a particular coin that went up really fast in order to reduce volatility, not because you're up so and so amount and are scared of losing some of it back.

Yeah green bits,i think the same because i dont like investing in any new altcoins also.
It is like you basically risk all your money you buy them,or just make big profit which is caused by very fast growth of altcoin,but
i think that you will more depend on luck doing this strategy.

i would ride it like this :

https://i.imgur.com/uU7saVx.gif

 ;D

My question is are the clever ones just buying various coins when low and selling on pumps?
Or do most just HODL and sell in the long term?

I could have made$$$$ if i bought and sold on the highs with many projects, but its easy to say that when you cant always predict the markets.

I like to avoid anything where its just pumped and dumped in cycles as im only really interested in long term investment, but i can see how many must make alot of money with the price swings on the many shitcoins without really showing any genuine interest in the projects.

But how do we short if exchanges don't allow them? For example in your post STEEM is a good candidate. Where and how can I start in shorting STEEM in Bittrex?