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Topic: Buy 5 coins and wait till each of them grows 10%, then sell (Read 602 times)

hero member
Activity: 1036
Merit: 514
What about time frames? If you look at some coins and how they did since 2018, you'll see that many never pumped by 10%. They had their small 5% pumps and 6% dumps that over the course of months made them lose value.

A new investor may find that he held a coin, there was no 10% pump and the coin is now worth 20% less than a year before. He can sell at a loss or hold a bag forever like people who bought all those new PoS coins last year.

In that case, we have to choose some coins that have good potential such as bitcoin, altcoin, ethereum, waves, monero, nem, and so on. 10% isn't so big to achieved and may take 1 week or 1 month to reach it, depending on current market trends. For example, bitcoin fell to $17,6k 3 days ago but managed to increase up to $19,4k yesterday, so it has achieved a 10% increase. Nevertheless, limiting profits to just 10% is indeed an advantage, but some coins like bitcoin have the potential to grow more than that, so we can wait a little longer to take 20% or 30% profit.
hero member
Activity: 2170
Merit: 528
What about time frames? If you look at some coins and how they did since 2018, you'll see that many never pumped by 10%. They had their small 5% pumps and 6% dumps that over the course of months made them lose value.

A new investor may find that he held a coin, there was no 10% pump and the coin is now worth 20% less than a year before. He can sell at a loss or hold a bag forever like people who bought all those new PoS coins last year.
full member
Activity: 1162
Merit: 168
There is nothing wrong with the idea, it’s a good one and five is a good number to go with, it isn’t too much and it’s not small, it’s moderate. When I was reading the article at first, what I had in mind was what you’re going to do if the market of one of the coins should go down what you’re going to do, and you have already answered that, the others are going to cover for it.

If you’re going to be buying five coins you should look for good ones that are not going to disappoint. I have seen coins, especially the new coins, that will increase to a very high price when they are launched and then they will fall badly and never to get pass their ATH price. So sometimes it’s best to go for the old coins.
sr. member
Activity: 2058
Merit: 281
Seabet.io | Crypto-Casino
Why never buy one coin for all your money? I know when you reach profit you can earn more but cryptocurrency is fluactive price and we can't prediction correctly because any bad news happen outside and make any coin have predicting before miss from our expectation, so this why most important you need buy more than one coin for less risk when with one coin bad news and dump you still another coin have chance to get profit and keep trading with other profit coin, maybe if you wanna all in your money in one coin if price going dump you need waiting for when your assets coin trading back to higher price without have chance to buy other coin.
legendary
Activity: 2268
Merit: 1041
Next Generation Web3 Casino


The right currency will be hard to figure, Waves could have been one if you have gotten them at the right time too. If you have to make it simple that you don't have to wait longer then just pick BTC. 1000EUR today could be worth $5000 in the next few weeks without you having to deal with stress when the token you have chosen is left behind when all are green and they are still red. 10% is always possible for BTC in just a week,
member
Activity: 1120
Merit: 68
It is a good strategy, but it is too far from your expectations because it is a risk if you would buy 5 coins, especially if you bought coins that are not very promising. There is no guarantee that all of the coins you have bought will grow by 10%, even you have earned by 10% from one of these coins you can still lose money because there are coins that takes months and years for them to increase by 10% from it's prices and sometimes they don't.
hero member
Activity: 2268
Merit: 581
You are saying weeks, what if you buy at a price that wouldn’t be crossed for years after it falls? Even the top cryptocurrencies sometimes becomes bullish and reach a very high price and when they do that, they will fall back after a correction and will stay on a normal price, and those people who bought at a the highest point of the bullish market might be waiting for years before they recover what they have lost.

So, if you’re investing you have to be very careful, keep an eye on Bitcoin, it’s the main thing there and its price can influence most of the other coins, most of the times they follow its movement.
full member
Activity: 1568
Merit: 100
COMBONetwork
buy Ontology, Waves, Ravencoin, Bitshares, and Ripple, I am sure these five coins will increase by more than 10%,
just wait until the Bitcoin price goes sideways then the altcoin will recover quickly.
sr. member
Activity: 756
Merit: 256
HEX: Longer pays better
only 10%, you should have a target of over 10%, because many altcoins are still very cheap now,
and very easy to pump, if you really buy an altcoin then you will get a profit maybe up to 100%.

  Not all altcoins have a 100% chance of going up, a sharp rise should be accompanied by good news. Also, I don't think there are really many cheap altcoins, after Bitcoin's strong growth, altcoins have followed suit and the current price is quite high.

I am expecting a strong correction in preparation for a strong pump in 2021. At this point, we really shouldn't trade with subjective sentiment; that would easily shatter our portfolio Smiley
member
Activity: 84
Merit: 37
its a good strategie but its so hard to apply it in the real market and i tell why :

in the current market ( bear market) not all altcoins goes up in  same time , only those who  get whales attention and its so hard to know what is the next coin that gonna make 10 % so if you bought those coins that you are talking about , there is an ability to not get any profit from them and you will only see loses .

PS: doesnt work in the bull market because almost all altcoins goes up .
sr. member
Activity: 2534
Merit: 332
You use phrase with not put your egg in one bracket and always put your eggs on several bracket, I think this brilliant ideas how to manage investment risk when put all money in one kind investment will get big risk when coin have down, but if you buy 5 coins you have chance when lost in one or two coins still available with profit left three coins, just happen when you choose right coin to buy like have volume transaction on exchange market, on the top position market and always have new update from team of coin.

When it comes or part of risk management then diversification is one thing but doesnt mean that it will work most of the time but those probabilities you had mentioned
is actually true when you do have several coins into your portfolio then you would really be having always that chance of recovery came from other coins in case you do lost
money on a certain coin.Recovery is there but to think that it will same goes to the risk as well when the market tends to flip out.
Getting percentage profits in shorter duration is a good idea and if you do see this strategy do works then stick with it.
sr. member
Activity: 2310
Merit: 332
As of today, a person who bought on BTC would have the least amount of loss among the top crypto coins/tokens


This is because bitcoin has the inflow of volume that can help regain price stability. With bitcoin the price can fly high  at anytime but altcoins don't do such all the time. Buying bitcoin against altcoins will profit op better.
sr. member
Activity: 2002
Merit: 250
When you read it looks very easy but the reality is different. At the moment it is possible cause of the nature of the market now. Be careful make good picks it only depends from that.

choosing coins in the current situation is very difficult to do, because the price of Bitcoin is very volatile,
we often see altcoin prices go up high and fall deeper, of course this will make traders and investors find it difficult,
but there are some coins that I am bullish on, XLM, NEM and XRP.
sr. member
Activity: 2058
Merit: 281
Seabet.io | Crypto-Casino
You use phrase with not put your egg in one bracket and always put your eggs on several bracket, I think this brilliant ideas how to manage investment risk when put all money in one kind investment will get big risk when coin have down, but if you buy 5 coins you have chance when lost in one or two coins still available with profit left three coins, just happen when you choose right coin to buy like have volume transaction on exchange market, on the top position market and always have new update from team of coin.
hero member
Activity: 2184
Merit: 513
Moonbet.io | Web3 Casino
When you read it looks very easy but the reality is different. At the moment it is possible cause of the nature of the market now. Be careful make good picks it only depends from that.
He didn't even think about the possibility for the bulltrap to happen, he was not mentioning which position that must be taken as a time to buy. That means his suggestion to buy crypto in the random rate.
It's not so simple as that. There must be a deep analyzation before try to buy something especially to use it as our investment.
It's a really really simple strategy but it doesn't guarantee the traders will always be getting profit.
sr. member
Activity: 2338
Merit: 338
Hey guys,

I am new in the crypto trading and i was analyzing the biggest currencies and I had the following strategy:

Buy 5 coins for 1000EUR each => wait till each of them grows 10% => sell.
If it went down, I still wait until it will go back up +10%. It's ok if it will take weeks.

From my analysis (correct me if I am wrong) it almost always does after a while.
If one of them didn't after a long time, the other 4 should compensate for the loss.

I can imagine it sounds like a basic strategy for experienced traders.. Smiley

Please share your thoughts!

Thanks
There is no wrong with that, that's your goal and all of us can make the same or difference from it. But TBH, 10% is big enough and I am not confident if people could able to wait longer because of the said target especially when you are investing altcoins. Well, that hypes could help but not all, unless if we are investing Bitcoin that we know that it surely go high.
No, you can't expect that these 5coins will come to that realization, that seems impossible (I hope I'm wrong).

hero member
Activity: 2548
Merit: 533
"CoinPoker.com"
Sounds easy but hard to follow in an actual situation.

Crypto is volatile and can create an unfavorable situation for us. Making profits out of it will depend on how we will handle it.

Why not just try your idea OP and give it a test. See the result for yourself if it's effective.
You are right! we do have our own plans and ideas and its up to ours if we do decide to test it out knowing that this crypto trading do matter with
trial and error and if you do saw that this one isnt that effective then you do jump to another one.10% gain security isnt a bad choice yet price
can move out with those numbers in a short span of time.The question is, would it able to move that way on the time you had able to buy or
get in? What if the price had decreased or opposed on what you had expected? For sure you would really be changing some plans and
emotion do comes out.
legendary
Activity: 2688
Merit: 1065
Undeads.com - P2E Runner Game
Sounds easy but hard to follow in an actual situation.

Crypto is volatile and can create an unfavorable situation for us. Making profits out of it will depend on how we will handle it.

Why not just try your idea OP and give it a test. See the result for yourself if it's effective.
full member
Activity: 1190
Merit: 117
Dividing our capital into 5 coins and waiting for a profit of 10% is a good strategy. Instead of buying one coin and waiting
for it to go up, it is much more risky. Because of the 5 coins that we buy, some of the coins usually have a large enough profit,
they can cover losses in other coins. Compared to focusing on investing in one coin, if the coins go down, of course we can't do
anything, besides holding the coins until the price goes up again.
legendary
Activity: 2576
Merit: 1785
Rollbit.com | Crypto Futures
The 5 coins you choose must be at the top of the CMC rankings.  do not take the risk of choosing a coin that does not have a large volume and good development.  But the strategy you use is not that easy.  You also have to be right when you want to enter the market.  Never enter when the price is in a Down Trend condition, it is very dangerous.  Wait at the lower price until it stabilizes.  Fundamentally, you can take advantage of "Buy On Rumor, Sell On News" and combine it with technical analysis.  A better suggestion in my opinion, you should have spare money if at any time the price drops significantly and you haven't reached the% 10 profit you want.  it will keep your profits.  Don't panic and stick to the original strategy.
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