giovedì 30 gennaio 2014

How to trade the Maxcoin




It has yet to be mined and is already the next big thing to come in the Altcoin world.

Apart from the techincal specs, why this altcoin is different from the other ones and why you should trade it following different rules? Because due to the popularity of Max Keiser this release will be more like a financial release than an altcoin release.

Usually, an altcoin release is followed by the altcoin community, and occasionally from some bitcoins owners non altcoin traders.

More people means more time to digest the event and a longer duration of the trend.

Established trends in liquid markets like the DOW or the S&P can survive months, even years.
In a little market like the BTC/USD market, a bullish trend can survive no more than some weeks. 
In micro markets like the altcoin markets, trend duration is very short, they usually survive less than a week... i am sorry to say that these nerds are too young to stand the longer performances held by their parents.

Because of the hipe, i suppose the Maxcoin market will be larger than a standard Altcoin market, eventually within a month it could very well be the biggest altcoin market.

So, the strategy to trade this coin, is not the usual one wich is pump&dump, i will buy and keep it at least some weeks, i will run the trend until the very end, because in trading patience is required, buying and selling continuously provides little profits, is stressful and unrewarding.

I will enter this market, and i will exit when the crowd will finally come into this.

How can you tell when the crowd is coming?

Simple, there will be articles online talking about the Maxcoin, and maybe in the tv we'll see some articles about the maxcoin too.

When even the average Joe will know of the existence of the Max Coin, i will prepare myself to exit the market.

So, in the end, my advice is the following: if you want to trade this one, don't simply focus on entry point, focus mostly on exit!

Before hitting the Sell button, wait for the Altcoin community to enter. Then wait for the Bitcoin community (the non altcoin traders) to enter. Then wait one more time, for the non-bitcoin investors to enter... then, wait for mr. Avg. Joe. When even Joe will be into it, sell the shit out of it, take your profits and wait for the bubble to explode.

9 commenti:

  1. When will it be possible to buy it and on what exchange?

    RispondiElimina
  2. It will be listed here after launch https://www.coins-e.com/?ref=5261312137363456

    RispondiElimina
    Risposte
    1. And once you have some, how do you sell them when you decide to do that?

      Elimina
    2. This is a very good question. I imagine you can sell them on the same website you bought them.
      Or you might convert them to btc and hold, or cash out once you convert.

      Elimina
  3. Yea... you can buy and sell on the same exchange i posted above (after launch)

    RispondiElimina
  4. I want to mine Maxcoins, how do I do that? has the miner been released?

    RispondiElimina
  5. Is it possible to get an email notification that MaxCoin is launched? If yes, where?

    RispondiElimina
    Risposte
    1. it will be launched here: https://www.coins-e.com/ it should be listed in the exchange February 5. 19.30 GMT

      Elimina
  6. Anybody know how Coins-e works? I bought some Maxcoins and it says under 'Status' that it's Accepted. Then another is Queued. But the Accepted trade doesn't how up under 'Funds' as being held in Maxcoin.

    RispondiElimina