This seems to be quite cynical to me, as from my observations most of the coins that get "pumped" end up stabilizing at levels far above their initial value, even after the correction.
This can't be true for every altcoins specially the one that have bounced back after being dead for so much time. Also this can't be true for coins that have just finished their ICO and got listed on trading platform quite late than they have promised.
I am interested in learning how identify opportunities for swing trading these currencies by using research in conjunction with discussion on forums like these.
Yes this forum is good to get in depth knowledge and updates about different alts and bitcoin but not all the information shared here can be real. You may get trapped by FUD created by whales. Do your own research and analysis before investing in anything.
I have wired a sum of fiat currency (US) onto Kraken and am ready to begin evaluating profitable trades, but first I understand that I need to come up with a plan for what to read up on in a logical manner, rather than just choosing random subjects without having a definitive goal in mind. Any thoughtful insight and suggestions will be greatly appreciated.
Kraken is good for bitcoin trading, but if you like to make good amount you should try altcoin trading which is available in poloniex and bittrex. Check them, but first go through all terms and condition they have.
Few more suggestions:
1. Don't buy anything that is pumping like hell in last 24 hour.
2. Don't sell anything you hold if price goes down by 10-20% overnight, it is normal swing for alts.
3. Don't follow any suggestions you may get from trollbox in trading platform or in twitter handles.
4. Don't panic on small pump and dump.
5. Wait for some correction in price to buy the alt that is pumping steadly in last few days. And only trade coins that have high marketcaps.
6. Invest in alts during ICO that have lots of potential and very competent developers behind.