Compounding altcoin profits in bull run?

justdimin

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Quote from: Samlucky O on December 05, 2023, 09:07:10 PM

Just as you said there are some coin you will buy, if you don't exit the trade, you will run at loss. There was a coin I bought and it gave me about $10 profit. and after the coin percentage was high, I felt this will fall in no less time. So I decided to sell and wanted to involve buying another coin that was pumping if it will just pump a little. So I decided to watch how the coin is Making it move, after some minutes it fall by %100. I was shocked. and had it been I baugh it, I would have loss both my capital and my $10 profit. So we should just be careful with the kind of investment we make.

That is if the coin you buy is highly risky, but if not, you can try to be calm and HODL them a little bit because for sure they can always recover. I have seen lots of traders who are doing this. Just don't only set a stop loss so that your coins won't be liquidated automatically once the price drops equivalent to the amount that you have set.

Entering a moving a train is risky, so you shouldn't be buying a coin that is already pumping because there is a big chance that the pump will stop and turned into a dump, as those old investors of that coins is already selling or someone is only manipulating it if it's a high-risk coin. When you are profiting, you should pull out of most it together with your capital. That way you won't feel like a total loser, just in case you got a bad trade.

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maybe some people do it like that too,but it is safer if you have made a profit, it is better to save your capital, and use the profits to reinvest, at least that choice is wiser, and you play safer.

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Quote from: AakZaki on December 07, 2023, 01:23:06 PM

Quote from: Questat on December 06, 2023, 09:03:24 AM

He is bragging to us and thinks that we believe him. Well, he is wrong as it never happens in a real scenario, and even hyped projects it still impossible unless he starts with $500. I think he is driven by his imagination thinking that there is a miracle happening from investing shitcoins.

I invest in a few altcoins and I often do some diversification but I've never experienced earning such a huge amount even during Bullrun. So I don't think it is believable, far from reality.

It's like a 1000:1 chance, and there aren't many chances of that happening (if at all). because $50 now is only enough for practice trading and even buying top memecoins won't grow your profits to thousands of dollars in an instant. His imagination may be too wild with profits of thousands of percent without feeling the slightest heartache when he experiences a lot of losses. I even suffered a lot of losses in the beginning and didn't get thousands of percent profits easily. it takes effort and time.

Misconceptions about the results newbies investors can get are quite common, as it is easy for a newbie to imagine that if they invest in the right altcoin then they can easily multiply their capital without any effort, but with tens of thousands of altcoins already on the market, and with the many coins that will be released during the next years, picking the right coin is so difficult that only a minority of investors can do it, and most of them did not rely on any skill to do it and just got lucky, as such newbie investors are severely mistaken about the positive results they think they can get.

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Quote from: danherbias07 on November 29, 2023, 03:41:31 AM

Using martingale in trading? Hmm. Not a bad idea but you have to be careful at picking what altcoin you will invest with. There's no assurance that every altcoin you invest with will make a 100% profit so you need to consider that too.
I am not against this kind of strategy but like I said, you need to be careful at picking another altcoin because there's a chance this could all go south and every profit you made from the first, second, and the next to it will be gone in just one sweep. You don't want that to happen.
If I were in your position, after making such profits I'd rest and put it in a reputable altcoin like Ethereum or other top rank coins in the market. That way you can assure that the value won't go further below although the increase will not be that much in just a short span of time.

But would this even be martingale, putting all winnings to next and hoping it will double your money again. That sounds like normal doubling to me. Op didn't suggest of putting twice of his bet if OP loses. Only if OP wins.

Quote from: AakZaki on December 07, 2023, 01:23:06 PM

It's like a 1000:1 chance, and there aren't many chances of that happening (if at all). because $50 now is only enough for practice trading and even buying top memecoins won't grow your profits to thousands of dollars in an instant. His imagination may be too wild with profits of thousands of percent without feeling the slightest heartache when he experiences a lot of losses. I even suffered a lot of losses in the beginning and didn't get thousands of percent profits easily. it takes effort and time.

1000:1 is pretty optimistic when we talk about shitcoins. Remember Solidus Labs report where they told that in 2022 there were 350 new 'scam tokens' created every day. Changes that people invest in scams and failed projects are insanely high. And the number of scam tokens seems to be growing exponentially.

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Quote from: Questat on December 06, 2023, 09:03:24 AM

He is bragging to us and thinks that we believe him. Well, he is wrong as it never happens in a real scenario, and even hyped projects it still impossible unless he starts with $500. I think he is driven by his imagination thinking that there is a miracle happening from investing shitcoins.

I invest in a few altcoins and I often do some diversification but I've never experienced earning such a huge amount even during Bullrun. So I don't think it is believable, far from reality.

It's like a 1000:1 chance, and there aren't many chances of that happening (if at all). because $50 now is only enough for practice trading and even buying top memecoins won't grow your profits to thousands of dollars in an instant. His imagination may be too wild with profits of thousands of percent without feeling the slightest heartache when he experiences a lot of losses. I even suffered a lot of losses in the beginning and didn't get thousands of percent profits easily. it takes effort and time.

Questat

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Quote from: AakZaki on December 06, 2023, 05:19:38 AM

Quote from: JUL00L on December 05, 2023, 08:16:52 PM

I even started with $50, with ath $5000++, crypto bull run is really a way to make money fast in altcoins.

Start with $50 and make a profit of $5000++, is that right?
Have you entered the memecoin that is currently hype and the memecoin has increased by thousands of percent? If that happens you will get extraordinary profits. But what coin you are holding, is it really real. It is difficult to find a diamond at the bottom of the sea.

He is bragging to us and thinks that we believe him. Well, he is wrong as it never happens in a real scenario, and even hyped projects it still impossible unless he starts with $500. I think he is driven by his imagination thinking that there is a miracle happening from investing shitcoins.

I invest in a few altcoins and I often do some diversification but I've never experienced earning such a huge amount even during Bullrun. So I don't think it is believable, far from reality.

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Quote from: JamesDaniel90 on November 28, 2023, 07:09:19 AM

I know this is risky as it only takes one altcoin to go to zero to lose my money but I am ok starting with £100 - does anyone else do this?

Well just pick the best one. If you did 100% profit on that altcoins means its good performing but since you already profit you could make the profits there to another potential coin like what you said multiplying potential profits. But if youbare confident on the altcoin tgen just hold but to be wise, remove your capital and left the moonbags only.

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Quote from: JUL00L on December 05, 2023, 08:16:52 PM

I even started with $50, with ath $5000++, crypto bull run is really a way to make money fast in altcoins.

Start with $50 and make a profit of $5000++, is that right?
Have you entered the memecoin that is currently hype and the memecoin has increased by thousands of percent? If that happens you will get extraordinary profits. But what coin you are holding, is it really real. It is difficult to find a diamond at the bottom of the sea.

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Quote from: Dr.Bitcoin_Strange on November 29, 2023, 06:11:06 PM

Quote from: JamesDaniel90 on November 28, 2023, 07:09:19 AM

I know this is risky as it only takes one altcoin to go to zero to lose my money but I am ok starting with £100 - does anyone else do this?

From all that you have said, this is the part that I like. It's good that you are aware of what you are actually going into. To me, the risk involved in trading altcoins is 50/50; it's either a loss or a win. Expecting 100% profit from all the tokens you will be trading is very impossible. There are some tokens you will trade, and you can just make a little or medium profit. If you don't exit the trade and move over to another token, you might end up experiencing a loss as well. Every investment has its own degree of risk involved, and it's fine that you are aware of the risk involved in trading altcoins.

Just as you said there are some coin you will buy, if you don't exit the trade, you will run at loss. There was a coin I bought and it gave me about $10 profit. and after the coin percentage was high, I felt this will fall in no less time. So I decided to sell and wanted to involve buying another coin that was pumping if it will just pump a little. So I decided to watch how the coin is Making it move, after some minutes it fall by %100. I was shocked. and had it been I baugh it, I would have loss both my capital and my $10 profit. So we should just be careful with the kind of investment we make.

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I even started with $50, with ath $5000++, crypto bull run is really a way to make money fast in altcoins.

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Quote from: JamesDaniel90 on November 28, 2023, 07:09:19 AM

I hold quite a few altcoins and some of them have almost seen 100% profit in less than a week lately and it got me thinking how I can make the most of this volatility.

I am thinking of starting with £100 and compounding profits jumping from one altcoin to another.

For example starting with £100, i see 100% profit so then put £200 onto another altcoin which also sees 100% profit so i now have £400 and just keep doing that until I reach an amount I am happy with.

I know this is risky as it only takes one altcoin to go to zero to lose my money but I am ok starting with £100 - does anyone else do this?

as long as you know how to choose which coin may have potentials ? then go for it but that would be the problem because if you don't know how to handle that then you will be in trouble here.

Altcoins have a great increasing power , but they are also the coins that has a shittest dropping in which cannot be predicted not like ranking coins.

So if you have no idea how to find them then better to focus in your Holding , instead of doing compounding ,better to stay holding better valued coins.

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Quote from: Adreman23 on December 05, 2023, 05:07:28 AM

If you recognize that you possess a unique talent or skill for successful trading, it's worth considering. Some individuals are naturally gifted in areas like analyzing market trends, and if you feel confident in your abilities, why not explore it further? However, if the idea has only recently crossed your mind and you haven't fully grasped the intricacies of trading, I would recommend taking a more measured approach. Consider investing time in learning the ropes and gaining experience before diving in. With dedication and knowledge, you can build a solid foundation for successful trading in the future.

The plan is to hopefully have a good 2024 holding the crypto I currently have and selling for a decent profit. Once I have a good amount of capital and more knowledge then I will give trading a go.

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If you recognize that you possess a unique talent or skill for successful trading, it's worth considering. Some individuals are naturally gifted in areas like analyzing market trends, and if you feel confident in your abilities, why not explore it further? However, if the idea has only recently crossed your mind and you haven't fully grasped the intricacies of trading, I would recommend taking a more measured approach. Consider investing time in learning the ropes and gaining experience before diving in. With dedication and knowledge, you can build a solid foundation for successful trading in the future.

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Quote from: Natalim on December 04, 2023, 05:47:30 PM

The only thing I would say is to keep checking your investment trend just to be aware if we need to sell or continue holding. Diversification even usually happens if we no longer see the project has stopped growing.

I think that's right, but if we look at the direction of the trend now, the market is heading towards a reversal, as OP meant above, almost on average there is an increase, although the percentage may vary.

In my opinion, if OP feels safe, do so, but if not, OP should just put it into one coin so it's easy to control whether it's BTC or BNB, which still looks very suitable if all the assets are combined into one.

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Quote from: JamesDaniel90 on November 28, 2023, 07:09:19 AM

I hold quite a few altcoins and some of them have almost seen 100% profit in less than a week lately and it got me thinking how I can make the most of this volatility.

I am thinking of starting with £100 and compounding profits jumping from one altcoin to another.

For example starting with £100, i see 100% profit so then put £200 onto another altcoin which also sees 100% profit so i now have £400 and just keep doing that until I reach an amount I am happy with.

I know this is risky as it only takes one altcoin to go to zero to lose my money but I am ok starting with £100 - does anyone else do this?

There is no doubt that crypto trading has been proved very lucrative and profitable for some traders. However, a cautious approach is essential as crypto markets are generally known for their extreme volatility which makes difficult to predict them successfully overtime. In order to achieve success in trading it is crucial to understand technical indicator those are help to make timely entry and exit. Additionally, Risk and Money management skills are equally important to minimize losses and maximize profits.

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Quote from: JamesDaniel90 on November 28, 2023, 07:09:19 AM

I hold quite a few altcoins and some of them have almost seen 100% profit in less than a week lately and it got me thinking how I can make the most of this volatility.

I am thinking of starting with £100 and compounding profits jumping from one altcoin to another.

For example starting with £100, i see 100% profit so then put £200 onto another altcoin which also sees 100% profit so i now have £400 and just keep doing that until I reach an amount I am happy with.

I know this is risky as it only takes one altcoin to go to zero to lose my money but I am ok starting with £100 - does anyone else do this?

In essence this is what trading is about, you want to have an open position in an asset when it is going up and sell it when it is about to go down, so what you are saying is not really something revolutionary at all, and if anything this should be the goal of every single trader out there, however how do you plan to accomplish this? As it seems that you are not going to use a stop loss when trying this strategy, and if that is the case then a single mistaken prediction can indeed cause you to lose all your capital.

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Quote from: JamesDaniel90 on November 28, 2023, 07:09:19 AM

I know this is risky as it only takes one altcoin to go to zero to lose my money but I am ok starting with £100 - does anyone else do this?

I honestly never tried this strategy but I think it works depending on the market situation like this time when bull season is coming and of course, the coins we choose. We can't rid of the risk in crypto investment but as long as we are choosing the right/worthy projects we have nothing to worry about.

The only thing I would say is to keep checking your investment trend just to be aware if we need to sell or continue holding. Diversification even usually happens if we no longer see the project has stopped growing.

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Quote from: JamesDaniel90 on November 28, 2023, 07:09:19 AM

For example starting with £100, i see 100% profit so then put £200 onto another altcoin which also sees 100% profit so i now have £400 and just keep doing that until I reach an amount I am happy with.

This looks quite good on paper and in theory, but when you hit reality, nothing ever goes as planned. You will not see a 100% gain on every investment and not every time it will go the same way. Also when you put everything in one go, you have the chance of losing everything if things go south.

Diversification is the key when it comes to Altcoin investment. So instead of doing this, you can choose multiple coins to invest in and if one or two of them fail, you will always have other options in hand. You win some you lose some. But you are the one in the end who will decide if you want to win more or lose more.
So choose wisely.
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Quote from: JamesDaniel90 on November 28, 2023, 07:09:19 AM

I know this is risky as it only takes one altcoin to go to zero to lose my money but I am ok starting with £100 - does anyone else do this?

I think every scalper and trader do this every bullrun that’s why the price of all altcoins in the market pump at the same time and dump hard those who pump hard because someone taking profit already.

I really don’t like this kind of method because you are just increasing your risk when you jump to other token after taking profit since most of the market pump at the same time. I still preferred taking profit in stable coins then wait for correction to buy back again on tokens that gave me profit before rather than jumping on new one.

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if the strategy you work on is successful, then that will be very good. Just try it first using not very large capital, for example $10. When your method works, then you need to increase it to $20, $50, or any number you like. I just suggest choosing the lowest risk, and trying to generate high profits.
I think quite a lot of people have tried this method, but I think they keep the results a secret, so the potency is still 50:50. You just need to try it to see the potential benefits of this strategy.

Topic: Compounding altcoin profits in bull run? (Read 441 times)