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CryptocurrencyTradingTips,Tutorials&StrategyInsightsbyAlvinLee(@onemanatatime)|TechnicalAnalysis|Market
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MONDAY,FEBRUARY10,2014 TRADEBITCOINDERIVATIVES,
FUTURES&ALTCOINSUPTO100X
HowtoPick&TradetheNextProfitableAltcoin:AnInsightintoWhat
GoesThroughmyMind

CongratulationsonowningsomeBitcoinsandbeingapartofthisGlobalRevolution!If
youdon'talreadyownone,buyoneeasilyfromanexchangelikeBitstamp.net,
Coinbase.com,orfromsomeonenearyouatLocalbitcoins.com.OnceyouownBitcoins,
youcaneasilytradethemforanyavailableAlternativeCryptocurrencyfromanaltcoin TRADECOMMODITIES,FOREX&
exchangelikeCryptsy.IliketouseCryptsybecausetheyhavesomanyavailablecoins, INDEXESWITHBITCOIN
andIalsofindthemtobequitereliable.

Soyou'vebeenseeingtonsofpeoplemakingmoneytradingAltcoins,whileyou'vebeen
losingtonsofBitcoinsbuyinghighandsellinglow?Whetheryou'resimplyfrustratedwith
your"badluck",orjustwanttolearnmore&makemoreBitcoinsdaytrading,I'mhereto
help!Sohere'saneasytounderstandguidetopickingandtradingBitcoinandAltcoins LEVERAGEDBITCOIN&LITECOIN
profitably,andofcourse,moreessentialdaytradingtipstohelpusallbecomeprofitable MARGINTRADING
cryptocurrencytraders.

Iknowyou'realleagertomakemoney,butkeepinmindthatnothingcomesforfreeandI
canonlyhelpyousomuch.Justbecauseyou'vemade5goodtradesdoesn'tmakeyou
aprofitabletrader,andneitherdoesmaking5badtradesnecessarilymeanyou'rea TRADEGLOBALMARKETSWHILE
lousytrader.Anyonecanflipacoinandsee'heads'5timesinarow.Whatwewantto MAINTAININGYOURBITCOIN
BALANCE
lookforisconsistency,andtodothatyou'llhavetostartformingYourOwntrading
strategy.BeforeIgoon,keepthesefollowingpointsinmindwhenbuildingupyour
personalTradingStrategy:

1.Learnthebasicsreadmylastfewblogposts,andalsoothertradingresourcesto CAPITALIZEONNEWCOIN
LAUNCHESWITHYOBITALTCOIN
learnmoreaboutTechnicalAnalysisandothertradingtips."Idon'tthinkthatyou
EXCHANGE
canwritemusicifyoudon'tknowhowtoplayaninstrument.Youhavetoknowthe
basics,thenyoucangoforward."~AlberElbaz
2.Disciplineiskeybepatientandbuildupafundamentalunderstandingofthe
markets,andmoreimportantly,honethatkeentradingsenseofyours.Weallhave
itinus,justtakesalittledisciplineandpractice.
3.Marketsareeverevolvingdon'ttreatitlikeitsstaticbecausepastactionsarenot
CAPITALIZEONNEW&UNDER
anindicationoffutureperformance.Alwaysbeopentoandlearnfromother's THERADARALTCOINLAUNCHES
opinions,beobjectiveaboutit,andconstantlyadaptandimproveyourstrategy. WITHCRYPTOPIA
4.Lazy=poorNobodycanhelpyoubutyourself,don'texpecttobespoonfed.Be
anactivelearnerandconstantlyseeknewwaystoimproveyourstrategy.Reflect
onwhatwentwronganddon'tmakethesamemistakesagain.Whenindoubt,ask
Google.
5.There'sonlysomuchyoucanlearnfromreadingyoudon'tlearnhowtoridea
bicyclebyreadingabook,gooutthereandputyourknowledgeintopractice.Start
smalltotestyourstrategyandbuildyourconfidence.

3methodstolearnwisdom:byreflection,whichisnoblestbyimitation, TRADEGLOBALMONEYMARKETS
whichiseasiestandbyexperience,whichisthebitterest. WITHBITCOIN
Confucius(@ConfuciusPosts)February7,2014 TradeGlobalMoneyMarketswith
Bitcoin

HowtoFindnewAltcoins?

Sothefirstthingistoactuallyfindnewaltcoinsandtoreadupmoreaboutwhatithasto
offer.Tobeginwith,IalwaysbrowsethroughtheAlternativeCurrencyannouncements
pageonBitcointalktoseewhat'spopular.Allnewcoinsaredefinitelypostedheresoyou
shouldn'tmissanything,andsincethreadswiththenewestpostalwaysappearontop, OKCOIN20XLEVERAGEBTC
youusuallydon'thavetolookfurtherthan2pages.Thingstolookoutforincludethe FUTURESEXCHANGE
addedvalueacoinbrings(asI'llexplainmoreinthenextsection),aswellasthe LeadingExchangewith20x
popularityandviralityofthealtcoin(i.e.highnumberofpagesinashorttime). LeverageonBTCFutures

AnotherplacetolookatisCryptocointalkwhereyoucanfindalonglistofaltcoins
available,sortedaccordingtonewcoinsorbyalgorithm.Thislistisnotcompletely
updated,butisorganizedmuchbetterifyouwanttofindoutmoreaboutaparticularcoin.
Followers(18)

Secondly,youalsowanttocrosscheckyourinformationaboutthesecoinsonsocial
mediasourcessuchasRedditandTwitter.StartoffonRedditbydoingasearchforthe
coin,aswellaslookingatthenumberofsubscribersonthealtcoin'ssubreddit.Iboughta
tonofDogecoinat30satoshiwhenIfirstsawthe/r/Dogecoincommunitygrowto2500
subscribers1weekafterlaunch,whichwaswaymorethanmostothercoinsatthattime
(mostnewaltcoinsubredditsgetlessthan50subscribersin1week).Dogecoinhas
evensurpassedLitecointobethesecondlargestcryptocurrencysubredditwithover50k
richshibesrightnow.I'dlovetogoontalkingaboutwhyDogecoinhasmuchfuture,but
I'llleavethatforanotherpost.

Andofcourse,searchforthealtcoinonTwitterandseewhatotherpeoplehavetosay
aboutit.Ifyouaren'talreadyonTwitter,Imustsaythatyou'remissingoutonthebest
availablesourceofcryptocurrencynews.Startfollowingafewuserslikethoselistedin
theTweetbelow,andalsofollowmyBitcoinTradingTipsandAltcoinTradinglistswhereI Followthis
trytocompilethebestCryptocurrencytradingadviceavailableonTwitter.Leavea blog
commentbelowortweetme@onemanatatime&tellmewhoelseshouldbeonthose
lists! FOUNDMYPOSTSHELPFUL?
Donate 0 Donate 0

AlvinLee Follow BLOGARCHIVE

@onemanatatime 2017(2)
BTC/ALTTrading#FF#Bitcoin@ActualAdviceBTC@BitInvest 2016(2)
@ChrisDunnTV@CryptoCobain@crypto_trader
2015(2)
@altcoin_invest@cryptotipz@traderberg
2014(5)
9:57PM9Feb2014
May(1)
4
March(1)
Andyes,that'sall.Iprobablyuselessresourcesthanmostofyou,butwhat'simportant February(1)
isqualityoverquantity.It'scrucialtolearnhowtospotaneedleinahaystack.Makeuse HowtoPick&TradetheNext
ofpowerofSocialMedia(a.k.a.WordofmouthonSteroidsGaryVaynerchuk)askthe ProfitableAltcoin:A...
rightquestions,andyou'llalwaysgettherightanswers.
January(2)
WhattoLookOutFor?
2013(18)
Withsomanyalternativesoutthere,wereallyneedtobepickywhenchoosingthenext
altcoinbecauseyoudon'twanttospreadyourselftoothinly.Firstly,clonesofexisting FOLLOWMYLATESTCHART
ideas/coinsaremostlynotworthholdingforanythingmorethantheshortterm.Inthis PREDICTIONS
sense,there'safewdifferentkindsofcoinswiththeirrespectiveleadersineach
category,eachwiththeirownpros&cons:

1.BitcoinSHA256.
2.LitecoinScrypt.
3.QuarkMultialgorithmforhighersecurity.
4.DogecoinMemecoin,alsoScrypt.
5.Nxtcoin100%ProofofStakecoinnomininginvolved.
6.EthereumALayer/ProtocolseparatefromBitcoin,calledBitcoin2.0bysome.
7.MastercoinNotreallyanaltcoin,morelikeaLayer/ProtocolontopofBitcoin.
8.VertcoinAntiASIC,usingAdaptiveNfactorinScrypt.
MYFAVOURITECRYPTOBLOGS
9.PeercoinProofofWork+ProofofStakecombination.
MaxKeiser:FollowTheMoney
Whiletheirblocktimesdonotreallymakemuchdifference,anythingbelow2.5minutesis [KR1087]KeiserReport:Initial
goodenough,andanythingbelow30secondsisworthlookingat.Specialtechnical CoinOfferings
differencesmakeorbreakanaltcoin,andcanreallyshinewhentheyaddsufficientvalue 2hoursago
ontopofBitcoinyoucanseemuchinterestinAntiASICcoins,Layers,2ndgeneration
BlogOfChrisDunn
POScoins,and(lessso)MultiAlgorithmcoins.Anotherinterestingtonoteisthatmany 5CryptocurrencyLessonsFor
altcoinsarenowupdatingwithKimotoGravityWell(readthecommentshereformore), NewTraders&Investors
tldrdifficultyreadjustsaftereveryblock,improvesdifficultyadjustmentandmakes 2weeksago
miningfairer,moresecure,andsmoother.
Altoidnerd
2simpleoakshelves,4feetlong,
Ijustwanttoaddthatnotallpreminesarebad.Aslongasthepremineiswelljustified
totalcost:$79.50DIY
andactuallycarriedoutbythedevelopers,Ithinkithelpsaltcoinstobettermarket 8monthsago
themselvesandbuildupacommunity.Ontheotherhand,somedevelopersusethisas
anexcusetoinstacashoutearly,sobeweary.Secondly,althoughthere'salotof POPULARPOSTS
negativitysurroundinginstamineslikeQRK,I'djustliketopointoutthatthesecoins
Bitcoin&AltcoinsTrading:
actuallyhelpmakepricesmuchmorestablemorequickly,andwillnotbesubjectedto
ACompleteGuideofHow
volatilityasmuchasBitcoin.Withholdingjudgement,thesetwoinstancescanbeseenas ToRidethis
simplydifferentattemptstotackletherampantproblemofunfairdistributionin CryptocurrencyRocketto
cryptocurrencies. theMoon!Tutorialof
TradingStrategyInsights,Fundamental
Lastly,besidesthetechnicalinnovationandspecificationsitself,it'salsoimportantto Analysis,TechnicalAnalysis
Frameworks&Tools.
analyzeafewotherFundamentalfactorsthatmayaffectthepriceofanAltcoin.It'salso
Havenopriorexperience,butwantto
importanttorecognizethatthesefactorsusuallytakelongertoreflectinprices:
learntheropesoftradingmarkets?
Boughtsomebitcoinsandnotsurewhat
1.Branding&Marketing.ThemostobviouscaseforBrandingisDogecoin,which
todowithit?You'...
literallywentviraljustbecauseitwasalreadyapopularonlinememe.Onanother
note,IalsoliketheWorldCoinbranding,andmoresotheirmarketingefforts. HowtoPick&Tradethe
AlthoughpriceshavebeendippingforWDC,keepinmindthatsohaseveryother NextProfitableAltcoin:An
altcoin(Bitcoinup,altcoinsupbitcoindown,altcoinsdown). InsightintoWhatGoes
2.Community.Thisincludespopularityamongpublic,generalconsensusaboutthe ThroughmyMind
altcoin,aswellasthesupportivenessofthecommunity.Thelastbitisimportant, Congratulationsonowning
someBitcoinsandbeingapartofthis
andaprimeexampleisDogecoin'saltruisticcommunity,aswellasthegrowing
GlobalRevolution!Ifyoudon'talready
marketforDogecoinservices.Withnoothercoincanyoufindsuchalarge&liquid ownone,buyoneeasilyfrom...
poolofpeoplewaitingtosellallkindsofgoods/servicesforcrypto.
3.Developers.Justlikehowtechnicalspecificationsmakeorbreakanaltcoin, ABeginnersGuideto
developersarethebackboneofthewholecryptocurrency'secosystem. MarginTradingonBitfinex:
WhyyouShouldn'tbe
4.Infrastructure.Withagoodteamofdevelopersandcommunity,infrastructure
TradingonExchanges
aroundthealtcoinwillquicklyfollow.IliketotakeDogecoinasanexample
SoI'vebeentalkingalot
becausetheyhavegrownsomuchandsoquickly,butyou'llseeitpayoffinthe aboutBitfinexrecently,sinceIstarted
sensethatthecommunityanddevelopersareworkingtogethertobuildallkindsof usingitabout2weeksago.Upuntilnow,
servicesfortheDogecoinecosystemUSDexchanges,marketplaces, I'vebeenusingavar...
movements,appsetc.
HowtoDevelopaProfitable
WheretoBuy? Bitcoin&Altcoins
DaytradingStrategy
TheonlywaytogetnewcoinspreexchangeisthroughP2Ptrades.Highriskofgetting Fundamental&Technical
AnalysisAnIntermediate
scammed.Don'ttradewithnewusers,alwaystradewithtrustedusersandgaina
Tutorial
reputationuntilyoucangetotherstosendfirst.I'vebeenscammed3timesandhadto
FundamentalAnalysisIbelievethatfor
learnthehardway.Bestwayistototallyavoidthismethodunlessyou'rereallydyingto anAltcointobeworthanythingatall,it
getacoinpreexchange. MUSTfirsthavetechnicalaspects
whicharebuiltwit...
Firstfewexchangesthatadoptanewcoinvary,butthey'reusuallythesmallerones.
Veryhighrisk.Alwaystrytoleavefundsinthereforasshortatimeaspossible.I.e. EmbarkingonmyBitcoin
freshmarkethacketc.Lookfortherelevantinformationonthealtcoin'sBitcointalkthread, TradingJourney:Learn
Googleit,orasksomeoneonTwitter. BasicTechnicalAnalysis
MyTradingExperienceI
firstdabbledwithTrading
Secondexchanges,andtheytakeupnewcoinsprettyquicklytoo,includesiteslike
andTechnicalAnalysisbackin
Coinedup.comandOpenEx.pw.Thirdly,thebiggestexchangesincludesiteslike November2012,whenIfirstgotinto
ValutOfSatoshi,Cryptsy,Coinex.pw,BTER.Fora(updatedbutnotfull)listofwhich ForexTrading.Bac...
exchangestradeaparticularaltcoins,useCryptocoincharts.info.
ParadigmShift:Technical
ForDaytradingpairsofBitcoin/Litecoin/USD,IhighlyrecommendusingBitfinexwhere AnalysisintheAltcoins&
youcanMarginTrade,i.e.ShortsellorLongbuywithoutactuallyhavingtoownUSD. BitcoinMarket,&
IntroductiontoMarket
Readuphowonmypreviousblogpost,andcreateanaccountwithmetoget10%off
Cycle,Structure&
tradingfeesfor30days.Ifyouhavealreadycreatedanaccount,buthaven'tuseda Manipulation
referralcode,youcanstillenjoythediscountbyemailingsupport@bitfinex.comand Rememberthis?Ibetthefirsttimeyou
quotingthecode'aQBHcxVPzj'. sawitinDecemberyoulaughedthis
pictureoff,butit'sokaysodidI.Andif
When/What'saGoodPricetoBuy/Sell? thisisthefir...

Fornewaltcoins,andespeciallyclones,allyou'llneedistofindagoodpricetobuy,since
there'snochartsforyoutodoanyTAyet.Ifoundaprettyusefulformulaforcalculatinga ABOUTME
fairprice,andhavefoundittobeprettyaccurate.Useit,letmeknowwhatyouthink AlvinLee
aboutit,andhowwecanimproveittoapplytodifferentcointypesetc.byTweetingmeor Follow 0
leavingacommentbelow.
Viewmycompleteprofile

AlvinLee Follow
@onemanatatime

Here'stheSecretFormulatocalculateaFairPricefornew
altcoins:(TotalBTCSupplyTotalAltcoinSupply)
5000to10000.#crystalball
8:53PM5Feb2014
 33 66

Justtoclearthingsup,bytotalsupply,Imeanmaximumsupply.Ofcourse,thisvariesby
cointype,butisagoodstartingpointforcalculatingafairvalueforanewaltcoin.Fora
moreaccurateestimation,alsocomparetosimilarcoins"ofthesametype",orcoinswith
similarmaximumquantities.Example:
Dogecoin&KittehcoinMemecoin
Quark&ParticlecoinMultialgorithm
NXTcoin&NEMcoin100%PoS
Mooncoin&AstrocoinBasedoffthesame"tothemoon"philosophy
Secondly,likeitornot,you'llhavetolearnmoreTechnicalAnalysisbasicsifyoureally
wanttofindthesweetspotforentry/exitprices.It'llalsohelptohaveabetterunderstand
ofhowmarketsingeneralwork,andapplytheknowledgetoyourcryptotrading.

AlvinLee @onemanatatime 9Feb14

Presenting:The#MaxcoinBubble.Ofcourse.Don'taskme
what'sagoodpricetobuywaitandsee.Probablydrop10x+
pic.twitter.com/bdL4HBx5gm

AlvinLee Follow
@onemanatatime

ThisiswhyIdon'tbuyintoHype.Whenothersaregreedy,be
fearfulwhenothersarefearful,begreedy.#LEAF#MAXcoin
#BuyLowSellHigh
2:10PM9Feb2014

8 14

HowtoTrade?

Obviously,themostimportantruleintradingisto"buylowsellhigh".Unfortunately,that's
usuallyhardertoexecutethanitsoundsbecauseofpanicandgreed.Haven'tyoulearn
enoughfrombubbles?Whatevergoesupmustcomedown.Marketswillalwayslookfor
acorrectionafterabigspike.Don'tchasethebubble!EVERYparaboliccurve/riseisa
bubble,andachanceforyoutosellyouraltcoinsforaprofit.Justwaitforitandalways
setsellpositionsreadytoeatupthosebuys.

Althoughlearningallthebasictradingtheoriesareimportanttogiveamorewholesome
ideaofchartreading,Ireallyonlyusesupport/resistancetojudgepricelevels.Ifyou
wanttogetmoreindepthintoTechnicalAnalysis,here'stwoverygoodresourcesand
mustreadsforpeopleworkinginhedgefunds&thefinancialindustry(courtesyof
@ActualAdviceBTC):

WyckoffSchematics:Visualtemplatesformarkettimingdecisions:
http://www.hankpruden.com/MTWyckoffSchematics.pdf
TheDayTrader'sBible:http://www.beursplaza.com/ebook6.pdf

Ifyouhavethetime,alsoinvestsomeofitreadingthewholeofmyblog,andalsothis6
partseriesonTechnicalAnalysisforBeginnersfromafellowcryptotrader,
ClydeMachine.

LibertiBella@LibertiBella 9Feb14
@onemanatatimecanyoupointmeintherightdirectiontolearn
howtotradelikethat?

AlvinLee Follow
@onemanatatime

Startbyreadingmyblog&/r/CryptoMarketsfortrading
resources.Nthbeatsakeensenseforlearning
twitter.com/onemanatatime/@LibertiBella
2:33PM9Feb2014

1 3
TradingTips

#0:Don'tjoinPump&Dumps,period.Forsomeonetomakemoney,someoneelse
hastolose.Don'tbetheonecaughtwiththeshortendofthestick.

CryptoOracle Follow
@CryptoOracle

Stayawayfrompumpsorganizedintwitter.Eitheritsbigand
youwillnevergetabuyinoritssmallandyouwillbecomea
bagholder
10:06PM3Feb2014

17 6

#1:Alwaystradewithaplan.Beforeenteringatrade,plannotonlyyourentrybutalso
yourexit.Don'tfallintothetrapofpanicbuying/selling.Onceyougetoverthat,
everythingwillstarttocometogether.

#2:Discipline.Bepatientandwaitforgoodsetups.Plentyofopportunityeveryday,don't
spreadtoothin.Onasidenote,Ican'twaitforamarginplatformforaltcoinstobebuilt.If
you'rebuildingone,hitmeupandletseehowwecanworktogether(I'maBusiness
DevelopmentandOnlineMarketingMajor).

#3:Moneymanagement.Don'tspendmorethan510%ofyourentireBTCportfolioona
singleAltcoin,unlessyou'redamnsureit'sgonnabeprofitableinthemidlongterm.

#4:Understandhumanpsychology.Here'sagood5partseriestogetyoustarted:

Source:MarkDouglasTradingPsychology#1

MostCommonPitfalls

1.Placingtoomuchimportanceon:
Buy/SellWalls.Ibarelylookatbuy/sellwallsbecausethesecanbe
manipulatedsoeasilyespeciallyforlowervolumealtcoins.Ionlyuse
this,ifever,tohaveabetterideaofsupport/resistancelevels,although
IknowmanypeoplewilltellmetheseworkwondersandItrustyoutoo.
MarketCapitalization.Marketcapsarenothingmorethantwonumbers
multipliedbyeachothertotalsupplyandprice.Itgivesyouagood
judgementofhowacryptoiscurrentlydoing,butinnowaydoesitsay
ifanaltcoinisagoodbuy/sellnow.Ithinkwhat'smoreimportantwhen
lookingforlongtermbuysisthetotalhashrate(andrateofgrowth)of
thecryptocurrency.
NewsStories.Moreoftenthannot,newsisalreadyfactoredintoprice
bythetimeyoureadaboutit.Ofcourse,exceptionsinclude"big"
piecesofnewssuchasChina'sgovernmentintervention,recent
Russia'sban,andissueswith(then)leadingexchanges.
2.Overtrading.I'lllettheguywhomIlearntallmyBitcointradingfundamentalsfrom
speakaboutthis:BitcoinTradingWebinarHowToMakeMoneyTradingBitcoin
(@ChrisDunnTV).Longvideo,butworthitifespeciallyforbeginners.
3.Nothavingaplanbeforehand.Ican'temphasizethisenough.Manypeoplejump
intobuyinganaltcoinwithoutthinkingabouttheirexitplan.Whatisyourtarget,
 whenyoudosellandtakeprofit,whendoyousellandcutlosses,ordoyouhave
morefunds/positionsreadytobuymoreifitcontinuestodip?Areyouholdingthis
fortheshorttermorlongterm?Theseareallimportantquestionstoaskyourself
beforemakingatrade.Ifyoudon'thaveasoundandcomfortablestrategybefore
enteringtrades,morelikelythannot,you'regoingtoenduplosingBitcoinsoverthe
(notso)longrun.
4.Tryingtopredictabottom/top.Nobodycanpredictexactlywherethepriceis
goingnext,onlyabetterandmoreinformedguess.Ipersonallythinkthisisthe
toughestproblemtotackle,becausewhengreedtakesover,youalwaysthink"I
couldhavemadesomuchmoreifonlyIsoldhigherorboughtlower".

AlvinLee Follow
@onemanatatime

"GreatTradersneverbuyattheBottomandalwaysSelltoo
Early."
12:46AM5Feb2014

4 6

5.Chasingthebubble.Whatgoesupmustcomedown.

AlvinLee Follow
@onemanatatime

Presenting:The#MaxcoinBubble.Ofcourse.Don'taskme
what'sagoodpricetobuywaitandsee.Probablydrop10x+
2:09PM9Feb2014

15 3

6.Gettingemotionallyattachedtoaparticularaltcoin.Ihavetoadmitthisisstilla
problemforme,andI'mstillholdingontobagsofWDC,ZET,EAC,MSC,thatare
currentlyunprofitable.Iboughtthemearlieron,anddidn'ttakeprofitsfromthe
bubbles.Butmostimportantthingisthatwelearnfromourmistakes,andthat's
whyInowliketosellsomepositionstogetintoapositionto"freeroll".
7.UsingTechnicalAnalysisasthesoledeterminantformakingtrades.Every
indicatorisuselessbyitself.Themarketisnotstagnant,andpricesareaffected
byeverythingwecan,andcannotthinkof.Don'tbeboundbyonesystemof
analysisuseeverysinglepieceofinformationyoucanfind,andobjectively
analyzethemarketswithabird'seyeview.

MyCryptocurrencyTradingStrategy

Firstly,ImustemphasizethatI'mVERYBullishonBitcoinfortheLongTerm.I've
investedeverysingleFIATdollarIhaveintoCryptocurrenciessinceNovember2013,
andIliterallyhavetostartsellingBitcoins2monthslatertopaymyrent(orwaitfora
BitcoinATMtoappearhere).Becauseofthis,Ispendatonoftime&effortresearching
BitcoinandAltcoinstoconstantlylookforwaystogrowmynumberofBitcoins.Ialso
haveahighriskpropensityandsonotallmytradeswillbecomfortableforyou.Mypoint
basicallyisthatnobody'ssituationisexactlythesame,sokeepinmindthatyou'llhaveto
buildyourownstrategytosuityourpersonalneeds,riskpreference,availableresources,
andenvironment.
 AlvinLee Follow
@onemanatatime

MysuggestionistobuyBTC@Bitstamp/Coinbase.Takesay
50%todaytradein#Bitfinex.Restlookforaltcoinopportunities
@1badpug
6:40AM9Feb2014

1 2

TogiveyouabetterideaofhowImanagemycryptocurrencyfunds,I'llsharea
breakdownofthecoinsIown.Ihave50%ofmyfundsinBitcoin,whichissplitintotwo
portions.Halfofthem(25%)isinBitfinexandusedforDaytrading,andisalsotheBitcoin
Iwillneverbeselling.Theother25%ofmyfundsisinvariousBitcoinwallets/exchanges,
eitherwaitingtobetradedforanAltcoin,Cryptostocks,orevenforPokeron
SealswithClubs.Asfortherestofthe50%,Ihavethemsplitover~15altcoinsrightnow
butI'mlookingtoweedouttheweakeronesassoonasIfindagoodexitpoint,and
hopefullyonlyholdonto5orsoforthelongerterm(andthesewillprobablykeep
changing).

SupershorttermstrategyusuallyconsistsofShitcoinslessthan2%investmentper
altcoin.Lookforcheapentryprice,sellportionsasitincreases,andI'llletgoallduring
thefirstbubblethatcomes(sellallataretracementafterhighestpeak).Looktogetinand
outquickly.Ifyoumisstheboat,youmightjustendupholdingabagofcoinswith
decreasingworth,andwillprobablytakeyoumonthstobreakeven,ifever.

Shorttermaltcoinsareusuallythosethatoffersomethingmorethanuselessclones
willingtorisklessthan35%oftotalportfolio.Theseusuallyincludetheleadingclonesof
the7typesofcoinsImentionedinthesecondsectionfromthebeginning.Lookforcheap
entryprice,andsellportionsasitincreases.IusuallyselluntilIbreakevenmyinitial
Bitcoininvestmentinthealtcoin,andthenfreerolltherest.Dependingonthecoin,Imay
ormaynotsellallmycoinsafterwedoublepeakedinabubble,andbringsomecoinsto
themidterm.

Midtermaltcoinsincludethosethatprovidevariousdistinctandvaluablefeatures,such
asNXT,VTC,DOGE,QRK.They'reusuallyalsotheleaderintheiraltcoincategory,
althoughitcouldbeinterestingtoseewhichalternativeeventuallyemergesastheSilver
toeachoftheseAltcoin'sGold.Layersandaddedprotocolsalsoformefallunderthis
category,andcouldbeaddedtomylongtermportfoliodependingonhowtheyperform
(e.g.Ethereum).I'mwillingtoriskupto10%ofmytotalBTConasinglemidtermaltcoin.

MylongtermportfolioreallyonlyconsistsofBitcoinandLitecoin,solelybasedonthe
NetworkEffectthatthesetwocryptocurrencieshavegarneredthusfar.Iagreetosome
extentthatLitecoinwillremainthesecondtoBitcoinandeventuallyliveoutitsprophecy
asSilvertoBitcoin'sGold.Ihave10%ofmyportfolioinLitecoinandI'mjustholdingthem
forthelonghaul.I'mjustwaitingtositthroughmysecondBitcoinbubbleandmakesome
money.Ifeelbadforsayingthis,butIcan'twaitfortheeconomicmeltdown.

AlvinLee Follow
@onemanatatime

Mybiggestpredictionfor2014isanotherhugebubbletoapeak
of$36000.PossiblyJuneorlater.MaybeChinareversesBan.
@bmsmashout
1:13AM7Feb2014

6 7
 Bitcoin / Dollar, 240, BITSTAMP FullScreen MakeItLive
Make It Live
O 800.01 H 819.90 L 799.75 C 807.20
Vol (20) 1K 4K

CheapBitcoinfrom$440/$688.LastfewdaysofDiscountb4ATH!byonemanatatimeon
TradingView.com

MyCurrentAltcoinWatchlist

LongTerm
Ethereum
ReggieMiddleton'sUltraCoinlayer

AlvinLee @onemanatatime 3Feb14

Don'tmistakePoW/PoSUTCforReggieMiddleton'sUltraCoin
Layer."@TConspiracyChef:ultracoin.netvsultracoin.com"

AlvinLee Follow
@onemanatatime

Moreon@ReggieMiddleton'sUltraCoinLayerultracoin.com:
zerohedge.com/contributed/20
zerohedge.com/contributed/20
zerohedge.com/contributed/20
1:51AM10Feb2014

IntroducingtheUltraCoinCryptocurrenc
Allthatglittersisnotgold,particularlyifyou
don'tknowhowtolookatit.
zerohedge.com

MidTerm
VertCoin
UltraCoin
MintCoin
Others(Notsoimpressivebutstillwatching):

MaxCoin.Wayoverpriced.Couldprobablyfall10x100x.Waitandseewhere
thebottomis.
KarmaCoin.Decentlypriced.Ithink1to2Satoshiisdefinitelyasteal.
Providedthiscoincangainenoughtractionforabubble.

Checkouttherestofmycurrent&updatedwatchlistatCryptocoinchartInvestment
Club.Don'tforgettostopbyperiodicallyandbookmarkmyCryptocoinchartInvestment
ClubprofileforupdatesonwhichcoinsI'meyeing/buying.
 AlvinLee Follow
@onemanatatime

Playingardw@cryptocoinchart'ssocialtradgfeature.
Bookmark!cryptocoincharts.info/v2/investment_#Bitcoin
#Altcoin#Daytrading
12:25AM10Feb2014

FAQ

1.HowdoyoufeelaboutXYZcoin?

Firstofall,thereareover100altcoinsoutthere,sodon'texpectmetoknowaboutevery
coin.Ifit'sanexactlycloneofBitcoin,Litecoin,oranythingalreadyavailable,chances
are,it'snotwortheitherofourtime.

Secondly,readmytweetsanddoyourownresearch(lazy=poor).Ifitsworth
mentioning,Iprobablydidmentionit.Ifyoucan'tfinditonmytimelinebecauseitstoo
cluttered,again,doaTwittersearchfortheAltcoinandfindoutwhattheWorldhastosay
aboutit.

Thirdly,there's100sofaltcoinsoutthereforyoutochoosefrom.Don'tspreadyourself
toothinandbuyintoeverypossiblebottom.Leavetheshitcoinstodie,andstickto
altcoinswithastrongerfundamentals.

2.IfI'mholdingabagofXYZcoin,shouldIjustwaitorsellforalossnow?

Rule#1ofthegame:BuyLowSellHigh.Butobviouslyeasiersaidthandone.

Ifyouthinkthecoinisn'tgoingmakeittothemidterm,andwanttoliquidatethem,you
havetwooptions.Sellnowandtakethelossthat'sthehardestthingtodo,butalsowhat
everygoodtradersknowsheneedstodo.Orifyouthinkthecoinhaspotential,buy
moreatwhereyouthinkisalow,soyouraveragebuypricedrops,andyoucanliquidate
some/allassoonasitbouncesbackup.ThinkMartingale(doubling)strategy.

Gotmorequestions?Leaveacommentbelow!

P.S.IrecentlycameacrossanideaofaCryptocurrencyHedgeFundforma
network/teamofcryptotraderstosynergisticallyworktogetherandachieveprofitable
returns.Differentteamsmining,sellingaltcoins,buyingaltcoins,lookingforpotentialentry
positions,tradingbitcoinetc.Ifyou'dliketodiscusstheidea,feelfreetoemailmeat
alvinlee133(at)gmail.comorhitmeupontwitter@onemanatatime.

P.P.S.Thisposttook5monthsofhardworkandresearch,andonefullworkday(with
overtime)towrite.Feelfreetodonatesomecoinsmywayonthedonatelinkbelow,or
sendsomealtcoinstomyCryptsyTrade
Key:9c1e289981a685bf0b8a4e48bc00b35eb1380afa.

Donate 0 Donate 0

CheersandhopeI'vehelpedyouinsomeway,andhopefullymorethanjustmaking
money.Peace^_^V
PostedbyAlvinLeeat1:44PM
+12 Recommend this on Google
Labels:altcoin,bitcoin,bitcointalk,bitfinex,bitstamp,coinbase,coinedup,cryptocurrency,
cryptsy,daytrading,exchange,fundamentalanalysis,investing,technicalanalysis,
trading,tradingstrategy

47comments:

Anonymous February11,2014at3:06AM
Thanks for the good advice and hard work. Too poor to donate right now, but
perhaps after following your advice I'll be able to come back and thank you
properly.
Reply

Anonymous February11,2014at6:15AM
"EthereumNotreallyanaltcoin,morelikeaLayer/ProtocolontopofBitcoin."

source?
Reply

Replies

AlvinLee February11,2014at3:29PM
On Ethereum, find out more on the official website
http://www.ethereum.org/

Reply

Anonymous February15,2014at4:46PM
Thanks for the post, great advice. I wanted to add that IRC channels are also
good sources of info, especially when gauging market sentiment for shortterm
trades. There's usually a channel for every alt, with #[name of the altcoin].
@VirtuallyBroke
Reply

Replies

AlvinLee March27,2014at12:28AM
Verygoodpointindeed!Itdoeshowevertakeupalotoftimetofollow
these IRC channels. It'd be awesome if someone would retrieve all
theseIRCchatlogsandcreatesomeusefuloutputwithit.OhIwishI
couldcode.

Reply

Anonymous March9,2014at10:34PM
Well written and helpful. I stumbled upon this article while seeking out any
information regarding hedging alt currencies other than BTC or LTC. Would you
dash me any leads you have on such a website? Thanks.. Jacob
(scriptio(at)gmail.com)
Reply

Anonymous April8,2014at3:45AM
incrediblearticle.veryinformativeandwellwritten.
Reply

iannewsome April16,2014at5:37PM
Excellent article, loads of useful/valuable tips. Also BTCe offer several of their
exchangepairsonMetaTrader4(moreorlesstheindustrystandardplatformfor
Forex traders) The benefits of MT4 are the vast number of technical indicators,
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AlvinLee April23,2014at11:58PM
I also started out using the MT4 via BTCe recently because it has
muchbetterliquiditythanonBitfinex.

Reply

JrBooz April19,2014at9:24PM
hiIamBrazilianandIamalongtimelookingfortipsasvaluableastheirthank
you,wishyoumuchluckandatodoswhoareminingfor.
Iwouldliketoaskaquestion,itwouldbepossibletoworkonlywithaltcoins,quits
hisjobandliveonlywiththereturnoninvestment?
Reply

Replies

AlvinLee April24,2014at12:02AM
Cryptoshouldn'tbeenseenasagetrichquickscheme.Sureyoumay
endupgettingrichbyquittingyourjobandgettingluckybuyingoneor
twoaltcoins.Butbettingonitandquittingyourjobwithoutaplaninmind
willonlyenduphurtingyou.

However,whatIcansuggestistospendasmalltimeeveryday(say1
or2hours)tostudymoreaboutBitcoinandtheotherAltcoins,andto
also take a small and comfortable part of your salary every month to
investinBitcoin.

Reply

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nicearticle
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