New Coin Listings
Many times new coins will be listed on smaller exchanges like Kucoin when they come out. Eventually some of these coins will then get listed on the bigger exchanges like Bittrex or Binance.
What does this mean for you?
While there is no way to know what coins will get listed on Bittrex or Binance you may get lucky and already own the coin. Here is where your opportunity lies.
When the coin gets listed on the bigger exchanges most of the time they run up, gaining you a large return on your investment. It is recommended to at least sell off your initial investment at this time.
The reason for this is because there are so many more users on the larger exchanges. The coin is new to many of them so they are buying, driving up the price. Once it has been on the exchange for awhile the FOMO calms down and the price drops.
When the price drops then that is the perfect opportunity for you to buy back into the coin if you want.
An example of this is we bought Power Ledger very early on Kucoin. It was later listed on Bittrex and the price started to rise. We sold off our initial investment and then waited. When it dropped we bought back in because we believe in this coin.
By doing this we were able to increase our coin holdings without putting in new money.
Let us know your thoughts and tactics you guys use!