Better get your cheap dimes on Coinedup now, people are going to look for the next coin that's still cheap to buy into, before it rockets up in price!
Hi Guys, I'm completely new to all of this and to be honest I feel like I'm a little over my head at the moment.
There are soo many alt coins around and I'm struggling to differentiate between them all and their pros and cons.
Are we all (attempting to be) preying on where the next 'pump' is going to take place and just jumping on board while the currency increases due to the demand?
Are we essentially all trying to create the 'pump' and beat the 'dump'?
It seems that although I'm sure the majority have some idea of the intrinsic value the respective coin holds, are we just relying on the speculative nature of the market more-so, in order to make money?
I mean, we don't actually intend on having a worthy use besides 'riding the market wave' of the coins, to retain profits.
Do any of you expect to be dealing in dimecoins in the future to purchase goods or whatever it is the coins purpose is meant to be?
I understand the inherent risks trading coins regardless of whether it's a more stable coin such as the BTC or any of the alts but to me as a newbee it seems like all we should really try to do here is set a trend and pump then dump before the decline. As a better informed community, as long as we are all collectively aware of the next coin to be traded, we can pump to a point where the less informed begin to get involved and then sell up once we see the demand begin to plateau. The moral hurdle if that's the case, is that then there will be people on the other end of the spectrum that buy in late (after the original pump) and then lose substantial amounts of money due to the 'trend-setters" selling up. Is this market really that much of a dog eat dog community?
Please clarify anyone if I'm reading into this all wrong.
Any info is much appreciated
*The sheep in wolf's clothing*
