Many times new coins will be listed on smaller exchanges like Kucoin when they come out. Some of these coins will then get listed on the bigger exchanges like Bittrex or Binance.
What does this mean for you?
Opportunity.
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 is.
When the coin gets listed on the bigger exchanges most of the time they run up, gaining you a large return on your investment. I recommend to at least sell off your initial investment.
The reason for this is that there are so many more users on the larger exchanges. The coin is new too many of them so they are buying, driving up the price. Once it has been on the exchange for a while the FOMO calms down and the price drops.
When the price drops is the perfect opportunity for you to buy back into the coin if you want.
An example of this is I bought Power Ledger very early on Kucoin. It was later listed on Bittrex and the price rose. I sold off my initial investment and then waited.
When it dropped, I bought back in because I believe in this coin.
By doing this I was able to increase my coin holdings without putting in new money.
And for your viewing pleasure…
