Remember, with New Alts you use this macro economic strategy:
Taking a position of 0.001% to 0.0001% is necessary to ensure the few successes you achieve return a net profit compared to failed investments.
Here's a few examples:
Conspiracycoin, 33 million coins, equals 33,000 to 3,300; Block halving 2015
Pheonixcoin, 98 million coins, equals 98,000 to 9,800 position; Block halving 2015.
Feathercoin 300,000,000 coins, equals 300,000 to 30,000 position; Block halving 2019.
Vertcoin 84,000,000 coins, equals 84,000 to 8,400,000 position; Block halving 2018.
Etc. Need 24 New coins/Hobbycoins to get probability working in your favour
Therefore, if one or two investments reach 50 cent a coin (to qualify as economic coins) and two or three reach cult status (to qualify as Hobbycoins), you have made a net profit on the investments, even if your investment on 24 different coins only had 5-6 profitable investments in the Long Run
Do not use this strategy on Economic coins like BTC, DRK and LTC
Use this macro economic strategy:
POW of coins are much safer investment, especially when they are undervalued like DRK and LTC and BTC; calculate the cost of production (Sell Price minus equipment ROI minus electricity must leave profits of labor below 60% on day to day mining or short run) and block reduction schedules are necessary to increase intrinsic value over the long run
I'm doing both strategies
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