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RE: I started trading cryptocurrency: Mistakes I made that you can avoid

in #trading8 years ago (edited)

My 'trading strategy' has been just one activity, buy. Is it even trading, possibly not, but my on paper return is very good. What I have done is found technology strong, community strong cryptos and found them early enough that they are crazy cheap, then helped the project by being a vocal supporter, help getting them listed on exchanges and services and generally telling every one who will listen. Then all of a sudden they take off and you make a bunch of money.
I have done this with Gridcoin, Solarcoin and Siacoin. Im still holding them all and mining them all as well which increases my ROI.
Steemit is a bit different, I got in quite early but Im already powering down because of the long withdrawal time.

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Sounds very good. I've been thinking about such a strategy myself, but would like to know how you find new up-and-coming cryptos. Do you care to elaborate on that aspect?

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