That's diversification and if you're confident with that strategy and you're ok to do an experiment and see where it will be ending, conduct it with precautions and just choose the best coins that you think will make you gain 10%.
It's in your hands but always put bitcoin.
Topic: Buy 5 coins and wait till each of them grows 10%, then sell - page 3. (Read 602 times)
Yeah, that could works, do you mind to share what are those 5 coins? Are the coins btc, eth, ada, xrp, and xlm?
Good altcoins you have choose here, but remember majority of the altcoins have some positive news that why the price keeps going up, more than bitcoin itself. But the question is will the rapid rise will continue? Is 10% enough for you or you might switch your trading strategy and go a bit higher by 15%-20%.?
10% isn't a relatively high number, if you buy €1000 each, then it's €100 profits for each coin, and the 5 coins I mentioned above could increase more than 10% within a few weeks. Just make sure to set the buy and sell arrangement.
That's why I'm asking you why 10% though? Well, it could work, but then again there are a lot of factors you also have to take into consideration. In paper is sounds very simply, but certain parameters could come up that might make you think twice.
Indeed this is risky, and if might take a long time before you can see at least 10% of profit as we all know that altcoins are more of a pump and dump scheme. And also the question is how mentally tough you are seeing that for a certain given time your portfolio is going down. Might better be off putting all your money to the grand daddy of all - Bitcoin BTC, that's it as least you will have a peaceful mind.
It depends to the coin that you buy because they have coins that need a lot of time to pump like months or years and the others is weeks only if there is a lot of demand of buying.
A lot of profit or percentage you will if the coin is very potential and not only 10 percent you will get but maybe twice or even more you get if the coin you have will rise very high.
Buying different kinds of coins is good because it will become safe once the other coins dump or die you still have the others to recover your lose.
A lot of profit or percentage you will if the coin is very potential and not only 10 percent you will get but maybe twice or even more you get if the coin you have will rise very high.
Buying different kinds of coins is good because it will become safe once the other coins dump or die you still have the others to recover your lose.
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.
That's called a long-term investment strategy, it doesn't matter if you do that, many people do things like the strategy you call it.If it went down, I still wait until it will go back up +10%. It's ok if it will take weeks.
If you can add 5 more coins, to 10, the important thing is you have to look at the potential coins in the market, which have the best volume and trade in the market, for what do you buy coins that are less desirable by the public in the market just to drown your money, look for good coins in the market for investment.
what kind of coins are you currently investing in.
And my idea is you should also have short-term trading to get more profit, do two things long and short term investment.
Yeah, that could works, do you mind to share what are those 5 coins? Are the coins btc, eth, ada, xrp, and xlm?
10% isn't a relatively high number, if you buy €1000 each, then it's €100 profits for each coin, and the 5 coins I mentioned above could increase more than 10% within a few weeks. Just make sure to set the buy and sell arrangement.
If that is the coins, I think people already buy those coins with a large amount and they are ready to sell them at the highest price. If the profit is just €100 for each coin, that will be no problem because he can make another profit from the other coins if he buys it. But if he doesn't have the other coins, he can wait for a while to buy back on that 5 coins to make another profit. But I am not sure if that coins can increase within a few weeks because that will depend on how good bitcoin will move in the market. If the bitcoin price does not move to the higher price and stays at the current price until the end of this year, I think the altcoin will also not move to the high price and be up and down for more. But we can use that moment to buy low and sell high to still profit in any situation. 10% isn't a relatively high number, if you buy €1000 each, then it's €100 profits for each coin, and the 5 coins I mentioned above could increase more than 10% within a few weeks. Just make sure to set the buy and sell arrangement.
Your idea is a good one, there are already a lot of people that are doing it, and there are those that overdo it, and when I mean overdo I mean that they buy more than the numbers you have said, I have seen someone buy up to twenty five coins.
It is good to keep the number low, five is a good number, and they should be good coins that you’re going to handpick, the ones you know are more likely to see growth in some weeks or months and you will be able to focus on them. If you buy too much coins you won’t be able to keep track of all and you will even end up buying some shitty coins.
It is good to keep the number low, five is a good number, and they should be good coins that you’re going to handpick, the ones you know are more likely to see growth in some weeks or months and you will be able to focus on them. If you buy too much coins you won’t be able to keep track of all and you will even end up buying some shitty coins.
Yeah, that could works, do you mind to share what are those 5 coins? Are the coins btc, eth, ada, xrp, and xlm?
10% isn't a relatively high number, if you buy €1000 each, then it's €100 profits for each coin, and the 5 coins I mentioned above could increase more than 10% within a few weeks. Just make sure to set the buy and sell arrangement.
10% isn't a relatively high number, if you buy €1000 each, then it's €100 profits for each coin, and the 5 coins I mentioned above could increase more than 10% within a few weeks. Just make sure to set the buy and sell arrangement.
First, you must know what 5 coins that you have bought, whether they are good coins or shitcoins to be 
Second, not every coin may increase 10% at a certain time, It may vary, like what happens to BTC, ETH, and probably others. They may not increase as much as 10%, but the nominal is high enough. It means that every coin may have different criteria or degree of how it should hold until what percentage.
Are you sure that the coins after the dump will be back to the top and reach more than 10% again? Are you sure you only need to wait for several mnths? you know, some coins were dumped and after 3 years, the price is still dumped. You must be careful when deciding this kind of strategy.
Second, not every coin may increase 10% at a certain time, It may vary, like what happens to BTC, ETH, and probably others. They may not increase as much as 10%, but the nominal is high enough. It means that every coin may have different criteria or degree of how it should hold until what percentage.
Are you sure that the coins after the dump will be back to the top and reach more than 10% again? Are you sure you only need to wait for several mnths? you know, some coins were dumped and after 3 years, the price is still dumped. You must be careful when deciding this kind of strategy.
I believe the diversification rule in investing can hurt you if you do it too much and too recklessly. Try to think of it this way, the best method you can do is to find 5 coins you can invest and put your money in there and wait for them to increase, that is definitely the best one, the second best one will be picking one coin or maybe two if you can and investing in to it all of your money and hope it profits, this is opposite of what diversification suggests, however worst one is definitely picking 5 to 10 coins or whatever amount and trusting some of them but investing into others just for diversification sake, that is not really something you should do, just because you want to diversify your portfolio, do not invest into things you are not certain about.
There are coins that take a long time to get back to their previous prices. It will take years or it will turn into a pile of trash, and then you will not be able to recoup your investment.
Ideally you shouldn't use such tactics, selling at a 3% profit or a 5% loss would be a better way to trade in this market.
Ideally you shouldn't use such tactics, selling at a 3% profit or a 5% loss would be a better way to trade in this market.
The most important thing is that you can choose the right currency to buy, if you choose a good project it can bring you profit.
But there are many coins that when it goes down in price will not go back to the previous price or the time for it to come back is very long.
But there are many coins that when it goes down in price will not go back to the previous price or the time for it to come back is very long.
I agree that crypto trading can sometimes be a real lottery, especially when it comes to altcoins - and it is enough to look at the post from Bitcoin_Arena where it is clear how all the top altcoins have failed compared to BTC since the last ATH. It is evident that the times when alts followed BTC are a thing of the past, and that in the long run it makes no sense to invest in them.
Or invest 5000 EUR in BTC at the right time - and it's no secret that this year it was in the time before the halving or even after that, and take almost 10000 EUR of profit (which is great even when you pay income tax - if there is a law that says you have to of course).
Buy 5 coins for 1000EUR each => wait till each of them grows 10% => sell.
Or invest 5000 EUR in BTC at the right time - and it's no secret that this year it was in the time before the halving or even after that, and take almost 10000 EUR of profit (which is great even when you pay income tax - if there is a law that says you have to of course).
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..
Please share your thoughts!
Thanks
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..
Please share your thoughts!
Thanks
I don't find this strategy viable for a couple of reasons:
1. Most alts are declining.
2. You cannot predict the movement of the smaller alts where every single "news" is moving the price.
2. Fees will eat you up. Especially if you want to convert crypto <> fiat every time.
This sounds more like a lottery than trading.
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..
Please share your thoughts!
Thanks
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..
Please share your thoughts!
Thanks
Not all coins here are the same dude, I am not saying your idea is wrong, it could be right or wrong to others.
But basically, if you choose the right coins 10% profit possible to be happen, but if the coins is not the right one,
the 10% might take long before it happens, this was based on my experienced as a trader.
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Can you suggest what those 5 coins we should buy? Because I guess that you already have the list containing that 5 coins, so maybe you can share that 5 coins with us. After you share the coin's name, we can discuss furthermore to find out if that coin is worth buying or we need to find the other coins. All altcoins will have the same opportunity to grows, and that still a mystery to know which altcoin can rise.
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..
Please share your thoughts!
Thanks
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..
Please share your thoughts!
Thanks
You should take those 5 x 1000 Euro bets to a derivatives exchange and trade an index on the price of BTC.
if your goal is 10% of 5000, one 1000 Euro trade at 50% profit would hit that. You could learn some skills and trade like ITF Scalping
146% in an hour speaks for itself.
https://youtu.be/RlzeLc6foyk
For that strategy to work Bitcoin and the whole crypto market should be on upside movement and you should be at least 70-80% confident that market is going to stay this way for 1 month or even more, don't get me wrong, this strategy is still better than most other strategies that often traders use and it could work smoothly if the market behaves since you are diversifying your capital and when the market is green altcoins once in a while experience 10-20% pump rather easily.
But the problem here is that in crypto everything is strongly tied to bitcoin and if bitcoin decides to go down hard one day altcoins would do the same thing only worse, so if that happens your whole strategy will be ruined, so even though it's not a bad trading strategy to use you better be prepared for worst case scenario too and keep your stop-losses on point.
But the problem here is that in crypto everything is strongly tied to bitcoin and if bitcoin decides to go down hard one day altcoins would do the same thing only worse, so if that happens your whole strategy will be ruined, so even though it's not a bad trading strategy to use you better be prepared for worst case scenario too and keep your stop-losses on point.
You can make a bot of this. Obviously it would take a lot of knowledge to know which 5 coins you should buy, and when to buy. However if you take the face value and pick 5 coins that are best in market, coins like bitcoin, ethereum, ripple, bnb and litecoin for example (not that others can't be better, these are just known and trusted) you could simple say to a bot "buy when it drops more than 10% and sell when it grows more than 10% from buying price" and just let it be.
If you allow a trading bot to constantly do this non-stop, it could potentially make a lot of money and even though it would also miss out on many opportunities, you could chase them with another account somewhere else if you want to.
If you allow a trading bot to constantly do this non-stop, it could potentially make a lot of money and even though it would also miss out on many opportunities, you could chase them with another account somewhere else if you want to.
Dividing a few coins in trading activities can be good, but in trading every strategy there will be times when it doesn't work properly according to the plan.
It's ok if it will take weeks.
Although it could wait for weeks, but in cryptos drop 10% or more can happen over a long period even months. Jump to: