Altcoins are known to jump around wildly on Cryptsy even if it's a small amount, I have been using CENT coins to double whatever I put into it. I am still not 100% comfortable with investing big amounts but I would do 50 dollars and make 75-100 dollars, coming to 25-50 dollars profit. It is usually only 25 dollars profit from my example but if you are lucky it can be double. I will show you exactly how I have been doing it. This tutorial worked a lot better when they were big enough for litecoins and that's when I gained most of my profit.
Create an account at
https://www.cryptsy.com/users/register?refid=37761 (You don't need to use my referral link but it would be nice if you could)
Transfer btc/ltc/xpm onto your Cryptsy account once you are registered or once you log in
If you started with btc or ltc, trade those from xpm right now since were dealing with very small numbers.
look at the one week graph and slowly scroll watching how the numbers are moving, they move a lot like this.
7, 8, 6, 8, 7, 9, 8, 7, 6, 7, 8, 10, 8, 7
So you buy in at a low number such as 7, since you cannot buy it for 6 and wait to sell at 9 or 10. that is approx 25% profit you just made. Be very careful though Because once you see it trending up and down like that the coins are slowly going down so the trend will start again but at a lower "middle" number.
When you see that it went down wait an hour or so and then buy when you feel like it is the lowest they are going according to the previous trend. once it goes up 2 or 3 points sell them again for 25% profit. This has actually worked really well for me. It is a little hard because you have to have your eyes peeled the whole time and hope your sell order will go through (which for me went through pretty much every time) or you can just create a sell order.
Same can be done with COL. The bigger coins don't show that much profit since they are higher than what cent is worth but trend about the same.
Happy Trading ^^
