Coin name: AGI / ETH – Chart
Buy: 0.00032919 – 0.00033249
Current ask: 0.00033084
Target 1: 0.00033746 (2.00%)
Target 2: 0.00034738 (5.00%)
Target 3: 0.00036392 (10.00%)
Stop loss: 0.00029776 (10.00%)
Type: SHORT TERM
1- Do not invest in every ICO – most of them are a scam.
2- Crypto is a heavily manipulated commodity and the price can change at any moment.
3- The creation cost of a coin represents the “wholesale” price – It is always better to buy when the price is close to the creation cost.
4- Crypto has a natural cash flow that dictates the selling pressure. Like, 1800 bitcoins are mine each day so 1800 bitcoin must be bought at the current price (“means market needs new $18 millions of investment every day if the price is $10,000 to maintain the current price“).
5- Patience and timing are key to making a profit:
Buy, when the price is close to the creation cost.
Sell, when the price is way high off the creation cost.