Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: Jixtreme on January 03, 2012, 08:00:53 AM



Title: Tips for trading alternates?
Post by: Jixtreme on January 03, 2012, 08:00:53 AM
I've been toying around with trading some alternates on BTC-E and was wondering if any of you had some tips for these currencies.

It seems like pump & dump is the rule not the exception. So what sorts of signs and strategies do you all follow to protect yourself from getting hung out?

Thanks,

-Jix


Title: Re: Tips for trading alternates?
Post by: BitcoinPorn on January 03, 2012, 02:34:19 PM
Use them on goods and services


Title: Re: Tips for trading alternates?
Post by: kjlimo on January 03, 2012, 05:42:59 PM
Use them on goods and services

+1

Although, I'll agree that most of these are in the pump & dump or pump & horde stages.

The alternative currencies haven't gotten much of a market for goods & services just yet. 

Until that happens, most people will continue to dump the coins, especially if they are only receiving them because of merged mining and they don't see the value.