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Author Topic: Tips for trading alternates?  (Read 650 times)
Jixtreme
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January 03, 2012, 08:00:53 AM
 #1

I've been toying around with trading some alternates on BTC-E and was wondering if any of you had some tips for these currencies.

It seems like pump & dump is the rule not the exception. So what sorts of signs and strategies do you all follow to protect yourself from getting hung out?

Thanks,

-Jix
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BitcoinPorn
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January 03, 2012, 02:34:19 PM
 #2

Use them on goods and services

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January 03, 2012, 05:42:59 PM
 #3

Use them on goods and services

+1

Although, I'll agree that most of these are in the pump & dump or pump & horde stages.

The alternative currencies haven't gotten much of a market for goods & services just yet. 

Until that happens, most people will continue to dump the coins, especially if they are only receiving them because of merged mining and they don't see the value.

Coinbase for selling BTCs or Vircurex for trading alt cryptocurrencies like DOGEs
CoinNinja for exploring the blockchain.
PM me with any questions on these sites!  Happy to help!
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