$10 worth of Bitcoin at the price it was a few days after launch would make you a millionaire now.
So has anyone tried buying a small amount of each new coin as soon as it comes onto exchanges?
What are the returns likely to be for a strategy like this? Will the occasional big win (hopefully) outweigh the frequent small losses?
The number of new coins is big, but not enormous - I imagine this would be achievable.
The way it can be done is not investing in all of them but in the ones that look promising and have some support behind them. After you are sure some whales, important figures are backing it, you buy them as soon as they hit YoBit or any other starting exchange. Then wait till a bigger exchange adds them and then you sell at the initial pump the coin gets. It seems to be a good way of making some extra coin as adding bigger exchanges usually gives a nice little pump to price.