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I do have some capital on the side but I am super short on time at the moment. So you do trade altcoins? Which ones are you referring to?
by quotz 6y ago
I do have some capital on the side but I am super short on time at the moment. So you do trade altcoins? Which ones are you referring to?
- themodelplumber 6y agoThe time factor is tough. Alts are fine. I trade primarily technicals so I scout positions and entry/exit points rather than coins themselves. If that makes sense. It's pretty transient. If you want to make profit while you sleep on a coin, I'd look for low and sideways positions on quality projects when you can. This weekend a lot of the alts are at higher positions and there's lots of optimism, so it may be better to wait until there's more fear and then cost-average into a long hold position, effectively buying low.
- quotz 6y agoWell I am following altcoins that are in my area of expertise, which are stablecoins. I did a project last year that didnt work out but basically it was similar to Ampleforth. I also follow Reserve Protocol, Basis Cash, Empty Set Dollar. I wanted to write an algo to trade them but I dont have the time atm
- themodelplumber 6y agoThat's cool that you're deep into the tech and actively creating, wishing you the best of luck with the startup.