Date: September 22nd, 2017 5:08 PM Author: Lilac pozpig hell
my best idea is to just buy up like $1,000 of every random shitcoin that is <100 satoshis and set a sell limit order for them at 10-30x the price you bought them for. dont even pay attn to it. just slide and let do and check back in a year. they will have pumped at some point and u will have mad cash amirite?
Date: September 22nd, 2017 5:16 PM Author: rachmiel
This is an excellent strategy, but maybe not 10-30x. I would run some statistical analysis on frequency/reward of intraday pops on Bittrex, and find that sweet spot.
Pump groups use things like Telegram to orchestrate flash pumps of coins on Bittrex. The pumps happen so fast that unless you have limit orders already set, you'll probably end up bagholding.
I worked on a bot that would maintain limit orders and adjust them daily. I would be happy to share that with the community, once it's tested.
Date: September 22nd, 2017 7:58 PM Author: rachmiel
So what we need to do, as a group, is identify those coins with markets whose characteristics are conducive for pumps.
Then we need to deploy a bot to allocate funds and set limit orders at various multipliers. When an order is executed, funds should be reallocated to the rest of the coins on the radar.
Date: September 22nd, 2017 8:34 PM Author: rachmiel
I would just set the limit orders at a multiplier of the closing price of the previous day's candle. No TA or FA. You're just trying to catch flash pumps.