The altcoin market allows you to work less, yet make more money!

The student of altcoin manipulation, especially he who puts his knowledge into actual practice, is constantly evolving new ideas and making discoveries which modify his former methods. From each new elevation he enjoys a broader view; what were obstacles disappear; his problems gradually simplify, and his profits rapidly amplify.

We have previously defined manipulation as the art of allowing the market itself to do all the ‘heavy-lifting’ on your behalf. If one can do this successfully in the majority of his trades, his profits will indeed begin to pile up – by default.

But, recognising how to apply this strategy is only one half of the equation. Knowing which types of coins to trade and the coins to avoid is perhaps an even more vital piece of the puzzle

MAX
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There is a lot that can be said about playing the altcoin market for profit. However, for the most part, 90% of that conversation will always be comprised of nothing except hot air. You see, you can take the entire population of altcoin traders and out of them, only 10% will have any basis or understanding on the actual mechanics behind price movement in this market.

There are some that say, “to win, you must do the opposite of everyone else.” At PumpersPicks, we view remarks such as these for what they are, entirely inaccurate and potentially dangerous.

Winning consistently doesn’t mean that you’re ‘doing the opposite’ of everyone else, it means that everyone else is doing the opposite of what YOU are doing.

You see, there are many examples of how one can successfully exploit the altcoin market for continuous profit but, none of them are more telling than examining the lone fisherman theory.

A lone fisherman is a perfect example of how not to trade altcoins.

A lone fisherman sits there, at the edge of his boat, all day long, with a single fishing rod – meaning that it is only physically possible for him to catch ONE fish at a time. So quite literally, this fisherman is risking several hours of his day despite knowing in the back of his mind that he could possibly return home without catching a single fish – this frame of thought instantly forces the fisherman to lower his standards. If he were to only catch one fish for the day, this frame of mind has made this acceptable to him because, hey… at least he isn’t returning home empty handed. But this doesn’t change the fact that he sacrificed several non recoupable hours, in return for nothing but one fish.

On the other hand, you have those that engage in large scale commercial fishing.

Not only to these guys drag millions of fish out of the water every week, but they do it without breaking the slightest trickle of a sweat.

You see, unlike the lone fisherman, industrial fishermen aren’t playing the high seas for fun or as a hobby. They, for the most part, tend to enjoy making money more than they enjoy the actual act of fishing and so they make it their duty to gain the maximum reward from risking only the smallest fraction of their time.

Literally, their goal is to spend less time at sea but yet bring home more and more fish every year – which is a direct contrast to your regular lone fisherman who would instead devote more hours of his time with the misguided belief that this will cause him to bag more fish.

You see, Instead of sitting at the edge of some rickety boat with a single fishing rod, commercial fishers are a little more efficient than that.

Commercial fishers attach a net to their boat and then proceed to drag this net along the seabed. The net moves through the sea fast enough to force fish that are in its path into the back section of the net and the force of water flowing into the net prevents them from swimming out of the net and escaping. This net does not scoop up fish as such. Instead, fish are attracted by the net dragging along the seabed and therefore find themselves caught in the mouth of the net.

Using this method, commercial fishers are a little more potent than the lone fisherman. In fact, whilst the lone fisherman may end up with nothing, even after spending 24 hours at the edge of his rickety boat – a commercial fisher is guaranteed the bag ‘at least’ 400 tonnes of fish within 24 hours.

This applies perfectly to the crypto markets.

You see, 90% of traders in this market are equivalent to the lone fisherman. They are quite primitive in their approach to the market.

They literally sit in front of the computer for hours and hours, knowing that they might wind up with nothing at the end of the day, but this doesn’t stop them.

Every now and again, something tugs at the end of their fishing rod and they begin to jump with joy for catching a fish. Then they reel it on in, and find that it’s nothing but a coke can filled with swamp materials.

These traders do not understand that, in this market, money is rarely ever the result of hard work. They fail to understand that the market itself is just a conveyor belt that moves money from one place to another.

So what do they do?

They chase after every opportunity, failing to realise that from the very moment money is deposited into the market, it already has pre-determined destination and will reach that destination unless the depositor cancels his trade.

So chasing money in this market is a hopeless experiment, one that can only provide more losses than gains.

Like a fisherman who heard that a particular lake was “full of fish,” novice altcoin traders rush blindly into any and every coin that is the talk of the town and often find that by the time they get there, the opportunity has long passed.

Simply put, 90% of traders in crypto are inefficient users of the market, and inefficient users of time.

On the other hand, skilled players and market manipulators are committed to an entirely different approach.

Skilled altcoin traders do not chase after hype trains, they understand that money moves through the very veins of this market in a cyclical manner. This is why the prices of coins always fall after a big increase, and rise after a big decline.

If there existed an infinite amount of coins in this market, then it would be logical to chase after opportunity because it would be very unlikely that trading volume would ‘return’ to a coin.

But in the altcoin market, this isn’t the case. In fact, there is a finite amount of coins available at any one time – which means that trading volume passes from coin 1, to coin 2 then back to coin 1, then to coin 3, back to coin 2 and etc.

The catch is, there is a set of criteria that must exit before volume can pass through a coin and push its price into the realm of profit. Knowing this criteria is like having the secret pass code to a bank vault that is jam packed full of gold bars, and mountains upon mountains of cash

There is no such thing as ‘price prediction,’ consistent winners simply study the patterns that allow trading volume to boost the price of a coin, and so they position themselves to take advantage of this.

Just like with this MAX trade.

If you study the price chart, you will see that today wasn’t the first time that MAX hit 9,250 Satoshi. You will see that the last time this happened was last year, October 08 when 100 BTC worth of trading volume propelled the price per coin of MAX into the 9,000 Satoshi price range.

From October 08 2014, the price fell into decline as MAX dropped 81% of value.

The key here is that, after such a high volume spike – there is always a decline. The closer this decline gets to 90% the better the buying opportunity becomes. Why? Well because, what goes down, can only go back up.

Successful trading has a lot more to do with common sense than people assume