Criteria For Flipping

[Midoproj]

Hi everybody,

since I am looking to increase my capital short term, I was primarily looking to flip ICO-Coins/tokens once they hit the exchanges. In order to select those coins/tokens eligible, I first had to select a few criteria the ICO has to meet.
So far I have identified 2 major ones and 1 minor category:

Major:
- Strong Hype behind the project (high demand)
- Low Hard Cap (low supply)

[The combination of both, or rather the contrast, should therefore lead to high demand once the coin/token reaches an exchange, leading to a strong increase in price (the greater the difference between demand and supply the more significant he increase in price)]

Minor:
- ICO-Bonuses

Self-evidently, it is also crucial to monitor the further development of a coin/token, in order to assure that demand does not fade until an exchange is hit.

Since a lot of you have quite some experience with ICOs, I'd love to get some feedback, maybe an aspect that slipped through my considerations and you can add.
For everyone else, I hope it helps on your journey.

Best wishes.

[trobin]

Hi everybody,

since I am looking to increase my capital short term, I was primarily looking to flip ICO-Coins/tokens once they hit the exchanges. In order to select those coins/tokens eligible, I first had to select a few criteria the ICO has to meet.
So far I have identified 2 major ones and 1 minor category:

Major:
- Strong Hype behind the project (high demand)
- Low Hard Cap (low supply)

[The combination of both, or rather the contrast, should therefore lead to high demand once the coin/token reaches an exchange, leading to a strong increase in price (the greater the difference between demand and supply the more significant he increase in price)]

Minor:
- ICO-Bonuses

Self-evidently, it is also crucial to monitor the further development of a coin/token, in order to assure that demand does not fade until an exchange is hit.

Since a lot of you have quite some experience with ICOs, I'd love to get some feedback, maybe an aspect that slipped through my considerations and you can add.
For everyone else, I hope it helps on your journey.

Best wishes.

For flipping that about covers it, you should also look at what plans they have for exchanges and how long that will take as long as how long it will be before tokens are released. KYC is also something to consider. You don't want to have your funds tied up for months.

One major difficulty is in assessing hype early on, it's normally easiest to notice hype as a sale is finishing or finished and then you'll often miss out on the good bonuses.

[Midoproj]

One major difficulty is in assessing hype early on, it's normally easiest to notice hype as a sale is finishing or finished and then you'll often miss out on the good bonuses.

Agreed, currently I use the count of Telegram group members - or FB and Twitter - whereas Telegram appears to be the most reliable indicator of hype.

What exactly do you mean by KYC and the tying away of someone's funds?

[RivAngE]

Excuse me, it's probably just me but ... what is flipping? Like, selling the moment you get the coins in your "hands"?

[Midoproj]

Excuse me, it's probably just me but ... what is flipping? Like, selling the moment you get the coins in your "hands"?

Hey, no worries Rivange, I should have explained more elaborately.
The phrase "to flip a coin/token" refers to the process of getting into an ICO for instance (where you get a relatively cheap price), then holding the aquired token/coin just long enough for it to hit an exchange, where you are looking to sell, as prices usually increase once it is listed and demand is high. So basically it is the opposite of a long term hold.

Does that make sense to you?   

[trobin]

One major difficulty is in assessing hype early on, it's normally easiest to notice hype as a sale is finishing or finished and then you'll often miss out on the good bonuses.

Agreed, currently I use the count of Telegram group members - or FB and Twitter - whereas Telegram appears to be the most reliable indicator of hype.

Telegram is the indicator I use most, but it's important to check that they don't have an airdrop or such, airdrops attract huge numbers of people to telegram groups and can appear to show a lot of support that doesn't actually exist..

What exactly do you mean by KYC and the tying away of someone's funds?

KYC is Know Your Customer/Client. In short you have to provide documents to prove you are who you say you are. It can be a length procedure for ICOs to conduct and can mean that it takes a long while between ICO closing and tokens being distributed. If this is the case then your funds will be locked up for a while and you won't be able to participate in other ICOs while you're waiting.

[chukaday]

One critical aspect you left out which is worth mentioning I feel is the rushing to the exchange. If you don't have the timing down correctly, you may be left holding an ICO bag you never really wanted. That is why you gotta be careful when you try to "flip" as many others may have similar ideas to you which makes it a self-fulfilling prophecy.

[fia_naila]

My flipping criteria coin and i always sicceed :
1. No hardcap reach and token or coin will be burned.
2. No much hype the hype usually after the coin or token launch at exchanger.
3. Not too many community in telegram. The range between 3k - 5k only.
4. The project is legit and developer also known in crypto world.
5. The roadmap is clear and developer did what on the roadmap.

[RivAngE]

Excuse me, it's probably just me but ... what is flipping? Like, selling the moment you get the coins in your "hands"?

Hey, no worries Rivange, I should have explained more elaborately.
The phrase "to flip a coin/token" refers to the process of getting into an ICO for instance (where you get a relatively cheap price), then holding the aquired token/coin just long enough for it to hit an exchange, where you are looking to sell, as prices usually increase once it is listed and demand is high. So basically it is the opposite of a long term hold.

Does that make sense to you?   

Oh... I see. Thanks, your explanation makes perfect sense, though the choice of naming doesn't make much sense!
I guess it's hard to name this tactic anyway though.

On the subject of discussion, for flipping I'd look for anything that would make people believe in the coin, otherwise if it was a mediocre shitcoin, the moment it'd hit the exchanges it'd be slaughter! The price would fall without anyone willing to buy your tokens.
Personally though, I'd never invest in a coin I don't believe in. I might mine some profitable coins even if I don't believe in them, but I sell them withing 48 hours.