Hey wealthytrader here,
Been a while since my last post, really grateful for be able to profit from Crypto over the past year and here I'll share with you a good tip I've been using more and more lately.
Now if you've ever invested into an ico (initial coin offering), the common questions from that community will be
"when Exchange"
"When Binance"
"When Huobi"
"When Bittrex"
People start getting impatient and want to retrieve their initial investment as soon as possible since taking part in the initial ico pre-sale, which may have been 3 months ago or more.
Now when the coin does arrive on a big exchange you can profit greatly, if there was hype and good fundamentals of the coin and more than 50% bonuses weren't given, there's a lock period, the coin has a big community and a lot of people missed out on the ico and other factors, a coin can do 20x or more the first day it hits the exchange.
So for example a recent coin called Ziliq (ZIL) the first day it hit the exchange Huobi it did a 17x, so for every x1 ethereum you would have invested for $1,000 you would have got $17,000 back. Now ico's are are high risk, they can run off with your money, they may never make it on any exchange and many other high risk factors, you have to know what to look for, I have a set of strict rules I follow for ico investing but thats for another time as its a lot of writing to explain might create a video course some-point in the future for this.
But in the meantime you can pickup hyped ico coins first way before they hit the big exchanges, you can pick them up on decentralized exchanges such as etherdelta and IDEX, of the 2 i prefer IDEX its a decentralized exchange and quite simple to use if you learn how, the deposit and withdrawal button and transfer button are not quite self explanatory as other exchanges and can be confusing to most people as there's 2 wallets you need to transfer from.... but luckily I found a quick youtube video explaining the how to;
Okay so the exchange site is https://idex.market/
You can only trade using ethereum, and on it you'll find coins way before they hit other big exchanges.
One coin I found recently is Blockport... this is a fusion of coinbase where you can buy using your credit card and etoro where you can copy successful traders, you can do both on this upcoming platform for a whole range of cryptocurrencies not just the big ones.
Blockport is trading on IDEX at 0.28c The circulating supply is 49,596,285 this means for the price to reach $1 the market cap needs to reach around $50 million if you know anything about marketcaps this is tiny and can be reached within minutes in the crypto currency space.
Blockport ico was sold out in 12 minutes, so a lot of people are waiting to get this coin, I personally thinks its got a great 10x potential, but again there is risk that it might not ever hit any more exchanges so please do your own research.
The website www.Blockport.io
So have a browse on IDEX from time to time you'll pick up great bargains before the masses.
Until next time... Stay Wealthy