Every once in a while, I buy some. That's why I always keep half an eye on it.
I did the same as you. Bought a bunch of it at 23 and 24. Deliberately forgot about it for a month or so. When I checked back about a week ago, it was above 90. By the time I moved my local wallet to the exchange, it got up to 100 just in time for me to sell. Quadruple what I paid for it not very long ago.
Sometimes (usually), it is best to NOT sell immediately after buying - even if the spread looks good. When a spread is good, it often gets better if you just leave it alone for a little while longer. Sometimes hours, sometimes months.
Some coins only fluctuate just enough so a trader is able to buy and then sell in the short term for just barely more than the fees each trade. 100 trades at that spread maybe makes 5% total net gain when it is all done. The same coin, you watch it go low then buy and hold for a week or two, and make a 100% gain because the fluctuation was bigger over a longer span of time and you only get the fees once for a single bigger trade, leaving more profit for the trader.
That fast-flip thing isn't always the best strategy, is what I'm saying.
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and in the time it took me to type this, the n00bz I'm trying to educate have managed to undersell each other down and down for a 10% drop in price again. Hours of effort, spending my own coin to drive it up, plenty of education handed out for free
they still aren't getting a clue
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In the past 24 hours, doge went from 67 to 77 and back down to 73 currently. So, ignoring the peak in the middle, doge is actually UP more than 10% from 24 hours ago. How long would you have to leave money in a bank to get that kind of return based on interest rate? 15 years, maybe? As opposed to 1 day? From a coin that started out as a joke?
In August while a lot of investors were out on vacations and stuff and the prices were dropping, I had picked up some Doge at 23 and 35 as I believed prices would go up (not as much as it has though) within a week or two of Sept. Few weeks later. Nice little profit.
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