How would you ride an obvious pump?

[GreenBits]

Quick question folks.

Say... You see a coin starting to get hyped and pumped. You have a feeling it's gonna sky rocket, then implode. What strategy could you use to take a chance on it, while lowering your risk?

I was thinking something along the lines of a strategy such as removing your initial investment once you've doubled your money.

Would that make sense?

Don't join, wait for reversal and short that shit.

I hadn't considered this, I rarely short markets as it's extremely risky with the volatility in this space. With that being said, after every wave there is a crash. This is actually sleeping genius right here, consider actually using this strategy.

[haendehochueberfall]

Quick question folks.

Say... You see a coin starting to get hyped and pumped. You have a feeling it's gonna sky rocket, then implode. What strategy could you use to take a chance on it, while lowering your risk?

I was thinking something along the lines of a strategy such as removing your initial investment once you've doubled your money.

Would that make sense?

Don't join, wait for reversal and short that shit.

I hadn't considered this, I rarely short markets as it's extremely risky with the volatility in this space. With that being said, after every wave there is a crash. This is actually sleeping genius right here, consider actually using this strategy.

Contrarian trading. Wait for the mob to start being real stupid and do the opposite - works quite well. Enter on signals.

[tokeweed]

Quick question folks.

Say... You see a coin starting to get hyped and pumped. You have a feeling it's gonna sky rocket, then implode. What strategy could you use to take a chance on it, while lowering your risk?

I was thinking something along the lines of a strategy such as removing your initial investment once you've doubled your money.

Would that make sense?

That's usually a good idea but for different reasons you're thinking of.  It's good to reduce your holdings of a particular coin that went up really fast in order to reduce volatility, not because you're up so and so amount and are scared of losing some of it back.

[hermanhs09]

Quick question folks.

Say... You see a coin starting to get hyped and pumped. You have a feeling it's gonna sky rocket, then implode. What strategy could you use to take a chance on it, while lowering your risk?

I was thinking something along the lines of a strategy such as removing your initial investment once you've doubled your money.

Would that make sense?

Don't join, wait for reversal and short that shit.

I hadn't considered this, I rarely short markets as it's extremely risky with the volatility in this space. With that being said, after every wave there is a crash. This is actually sleeping genius right here, consider actually using this strategy.

Yeah green bits,i think the same because i dont like investing in any new altcoins also.
It is like you basically risk all your money you buy them,or just make big profit which is caused by very fast growth of altcoin,but
i think that you will more depend on luck doing this strategy.

[qwizzie]

How would you ride an obvious pump?

i would ride it like this :

https://i.imgur.com/uU7saVx.gif

[frenulum]

 

[nzminer]

My question is are the clever ones just buying various coins when low and selling on pumps?
Or do most just HODL and sell in the long term?

I could have made$$$$ if i bought and sold on the highs with many projects, but its easy to say that when you cant always predict the markets.

I like to avoid anything where its just pumped and dumped in cycles as im only really interested in long term investment, but i can see how many must make alot of money with the price swings on the many shitcoins without really showing any genuine interest in the projects.

[bbc.reporter]

Quick question folks.

Say... You see a coin starting to get hyped and pumped. You have a feeling it's gonna sky rocket, then implode. What strategy could you use to take a chance on it, while lowering your risk?

I was thinking something along the lines of a strategy such as removing your initial investment once you've doubled your money.

Would that make sense?

Don't join, wait for reversal and short that shit.

But how do we short if exchanges don't allow them? For example in your post STEEM is a good candidate. Where and how can I start in shorting STEEM in Bittrex?