6 General Rules for Cryptocurrency Trading

Cryptocurrency buy/sell rules.
– These rules are based on the concept that crypto’s are constantly growing in value, and behave like stock AND currency. With these rules, profit is inevitable in established cryptos. These are rules I have established for myself while in the cryptocurrency market. I created these rules for myself based on recognizing a consistent pattern occur during a crypto bullmarket. I wrote this back in December 2013, and I found that 6 of the rules I identified back then, hold true today. Since the market is saturated with a bunch of Shit Coins, I find these rules are true for Top 100 coins on http://www.coinmarketcap.com

1. Never sell for less than you bought in. Be patient, the crypto WILL eventually go back up. Either naturally, or through a pump.
2. High sell walls are usually good if you are currently in a crypto-trade, or to buy in.
   a. High sell walls are usually put in to slow down a currencies value decline, and sometimes stop it.
3. Never buy in during a spike, even at the risk of missing large profits.
   a. The spike is usually caused by a pump, and WILL fall.
   b. If the spike is natural and is breaking thresholds, it will drop to about 50%-60% of that value a few days
   after that spike.
   c. If you can do quick math, and have supporting evidence of a natural spike, break rule 3.
4. Most cryptos are directly related to the value of the BTC.
5. Though USD is still the reserve currency, grow value based on BTC, not USD.
   a. Buy into crypto before Chinese markets open, on Sunday (their Monday morning).
6. Hold crypto that was obviously pumped within 24h.
   a. Try to get out during the pump.
   b. If you successfuly get out, ignore the crypto for a minimum of 24h
   c. If you did not get out during the pump, hold.
   d. The value will rise naturally to 90%-110% of its highest pump point, where many idiots panic bought-in, and don’t want to take a loss.

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