Yeah I think you hit the nail on the head there.  Good luck!

What will break your trades though is this behavior over time pumping up a coin which really doesn't have the legs to sustain that price.  When they pull the plug and liquidate, the price craters and it's for a lot more than a few sat.  Just look at OMG's chart for today by minute and you can see it happen several times.  This is not random behavior.

Find the 'Exponential Moving Average' display on your exchange.  On Bittrex thats under 'Studies' -> 'Moving Average' and change 'Type' to 'Exponential'.

Only buy when it's under that line by a fair bit.  Only buy half as much as you're willing to spend, and be ready to buy more if it dips more.  Sell any time you can make a profit, but don't necessarily sell all of it, maybe the profit will improve.  Don't buy coins that have recently pumped.  Don't buy coins in a death spiral.  Do learn to identify trading bots and avoid the coins they trade on (IT'S A TRAP!).  Don't bother with low volume coins unless you don't mind waiting a long time for them to appreciate and you're 110% they're good bets.

I like to sell 90% of what I bought at about 115% of what I bought it at, then hold the remaining 10% of the coin for long term hodling and a little BTC on top for rainy days.  Setup your sells like this to be automatic so you don't miss quick spikey pumps.

So far my strategy has me up about 20%, but I've only been trading about a week and a half.  It's also gotten me 15 different kinds of coins I sit on and let appreciate.  I've gotten some free CURE, QWARK, MCO, GEO, SYS, MTL, FLO, ADT, MUSIC, XVG, SC, CFI, DASH, BAT, and VIA.  And my original stack of BTC is currently about 95% of what I started with.

Good luck!

Buy making sure that any buys that come in are at or above market rate, even a small amount.  My background as a programmer makes this pattern of behavior more obvious to me, but it can be hard to spot.  Take care.

I've spoken with the Bitmain support staff about these emails.  THEY ARE ALWAYS A SCAM.  Beware.  Don't click the links they provide, there's ways to disguise / obscure links so they look like you're going to Bitmain's site, but you're not.  They might be trying to get you to visit a site that has some sort of virus or keylogger so they can manipulate your BTC transactions or spy on you.  Nothing good can come of interacting with them.

Frankly, I have a very, very low opinion of Bitmain so I think they're a scam too.

That's a great strategy, thanks I'll try that.

So I'm watching OMG when I noticed it's having a really nice day, surging up steadily.

I think, ok, i'll get in on that, and try to place a bid in for a little under market.  Instantly my buy is sniped by 1 sat by someone with a much larger order.  I figure that's just how the market goes, whatever.  So I try a couple other bids. Every time, the same large sized order snipes my bid by 1 sat.

How is this possible?  It's fine to snipe someone at random, that happens.  But my bids were all over the place, and every time, 1 sat snipe guy sat right over me with a large order.  He wasn't sniping other users, just mine (even though, as far as I know, Bittrex won't tell you who placed an order, there is no good way to identify who an order came from although the size and bid amount can be a clue).

The only way that could work is if almost all of the trades currently going through are from a network of bots trading to each other, co-ordinating their bids to make sure that if you buy, it's at slightly over market rate or better.  They congest the bids with their own orders to make sure you can't get in at a decent deal.  And gradually, the price moves up (as it has been).  Until one moment, they all liquidate in unison, back down to where it was before this began.

Careful with OMG right now.  I believe the surge you are seeing in price is false and manipulated, and as soon as they can, they'll drop it right back down.

Excellent advice.  That's what I did, and at today's spike sold enough of my GEO to cover my total buy-in plus some free GEO which I'm now holding onto forever.

GEO had a +75% spike today, yay!

Notice that on the historical charts, these pumps are generally very short lived, and come in pairs.  And the second is much larger than the first.  I view these pumps as heavily driven by market manipulators, not so much actual metrics of the coin.  The first pump is to buy out the hold outs, but then the second one is to actually harvest profits.

So if you didn't get out on this first one, don't worry I'm sure another chance will be around soon.  It might be shockingly short though, but I'm sure when it settles down GEO will be way over it's previous floor of 50-30k.   However, the market manipulators will probably stick their accumulation bot right back on the coin to drive the value down over time until they decide to do it again.

SYS, GEO, CVC

SYS is a top notch coin destined for great things.  Wildly undervalued right now (although it just had a heck of a rally today, if you buy in you may want to wait a moment for that to settle down).

GEO is a really neat idea whose day will come eventually.  Unfortunately it's plagued by market manipulators, hypesters and bots pushing the price down until they occasionally decide to remove them long enough to let the price spike (like happened today and tends to happen about once every two week or so).  But if I understand your question correctly, that's basically what you're looking for, so check it out.  Careful, it just spiked today and will probably correct down a while but I think it will spike again and much more so, soon, the chart shows that the spikes tend to come in pairs a day or two apart and the second one is generally much larger.

I think CVC is a strong pick too.  Lately it's been moving sideways and slightly up over time, but some day soon - BAM; Moon. 

Woot!  Thanks again for the great tip dbt.

I hope it keeps going, Syscoin deserves so much more attention than it gets.

Dump confirmed.  It looks like the trader bot ran out of batteries, maybe they'll get some new ones.

Sorry MCO holders....  Maybe it'll recover.  Good luck.  I'm buying back in when it settles down.

So the idea is you create false value in a coin just long enough to hustle some bag holders to pay inflated rates for a coin that isn't worth it?  Then you take your profits, leave them with a loss and laugh your way to the bank?

Then those bag holders rampage against the coin devs, who very likely had nothing to do with it at all?

This is a toxic component of the Crypto scene imo.  It's one thing to discuss a coin, highlight some obscure investment and review it's pros/cons, but I'd chalk up what you're describing much more in the 'bold faced lying' category.

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( To the other BCT poster I took this image from: Sorry, but it's just too perfect, couldn't help myself. )

As some of you may have noticed, in Bittrex there has been a trader with 10,000+ GEO (roughly one third of one percent of all circulating supply) keeping a sell in place at just over the best offer.  The effect of this is to suppress the rise of any sell offers, and to make sure if you do try to sell, it's for ridiculously low profits, maybe 10 sat or less over the best offer.  I think this is an automated process to accumulate, while constantly driving the value down.

Well, I was watching the stock for a chance to buy in dips and sell in peaks when I noticed this large block removed from the Ask list.  Maybe it noticed me glaring at it.  Does this mean the pump is incoming?  Hard to say, I've been expecting it for days now.  But it *can* happen now, which is a promising start.  At the very least, natural and organic growth of the coins value can occur, at least until they decide to put it back in place (hopefully, never).


In other GEO news, I spoke with the development team earlier today and they confirmed some basic facts I was wondering about, namely what happens to the old GEO when they finish the migration to the UBQ block chain?  Don't worry, all existing GEO will be transferred to the new format with current ownership maintained.  This will be handled by the Bittrex exchange internally.  This new blockchain is not a fork, there is not going to be two GEO's, none of that.

Value is a tricky thing to gauge.  Do you mean the value of one (non-BTC coin)?  Byteball ([GBYTE]) has come surprisingly close, peaking at nearly 40% of 1 BTC, currently around 9.5% - however, there are only 1 million byteballs in existence, so the actual market cap of GBYTE is far lower than BTCs.  Supply * cost for one coin is probably a more accurate way to describe value than just 'how much does one of these go for'.

If by value, you mean 'better functionality they bring to the table', then I'd say Syscoin deserves a look.  It's really nice, very fast, has a market place, (much) faster transactions, encrypted messaging, even an escrow service.  However it currently trades for about $0.16 - sometimes the world is not fair.

Uh oh, looks like the dump may have started early.

Think it will recover?  The bottoms are trending down now.  I sold half early and will buy it back at the deepest dip I can.  I think it might get down to 370k or so before it finds firm support.

'He', and I have MCO and have for a while.  Nice to see it finally making a profit.  Who cares how many posts I have?  Apparently you don't even know that 'activity' is not the same thing as 'posts', so how good is your judgement?  I probably post 84 comments a day sometimes, I'm very active.

Considering your activity is a 7, it seems like something you wouldn't want to bring attention to, newbie.

I think in many ways their focus is all one business: transactions.  Sometimes that requires a marketplace, sometimes it requires escrow, sometimes it requires encrypted messages and secure communications.  It will always require fast transfers of funds.  So it may seem like they are all over the map but I think it's just part of providing a complete solution.

I think maybe best bet is to sell half of it.  So if it goes down, no big deal, use the realized gains to buy back more MCO for less BTC.  If it goes up, at least you still have half your MCO to profit from, and some wildly pumped gains to enjoy until then.

I just asked around about this on monaco's slack channel to make sure what I'm saying is as technically accurate as possible.

Other users there referred me to previous statements made by the CEO, Kris.  They do have a substantial reserve of tokens but 'won't circulate them without consulting the MCO community'.  That does nothing to ease my concerns, it's a meaningless statement.

"Hah, we're flooding the market - consider yourself consulted, suckers!"