Yes
Then CEX is a sure way of burning your coins quick..
exactly. this only works because you can sell your share to an even more gullible newb down the road...
hit nail on the head. greater fool's game.
some things ive observed:
+ keep small positions to exit quickly
+ enter positions looking for valuation on uptrends, not from mining profits. the longer you hold with this, the more market variance you are exposed to
+ be careful with reinvesting mining profits. check price before you extend your position
+ keep an eye on the time till the difficulty change
+ keep an eye on the severity of the upcoming difficulty change
+ buying pressure is strongest right after the change
+ selling pressure begins a few (3-4?) and peaks right before the change
read and understand the order book constantly!
