Op your thinking looks an imagination because I have not heard and investor make a profit from altcoins within a week or less than a week. First of all it is not good to invest from one altcoins to another and instead it is good to invest in one and focus on it then take Bitcoin as your major investment coin. If you are making profit from one altcoins then it good that you stick to it. Op nobody will follow you to do such a thing because it is not advisable and the risk involved is too high.
This is a deliberate suicide investment. And investment is a personal thing so if you know that investing in altcoins and jumping from one to another will give you more profit then you are free to do it.
Topic: Compounding altcoin profits in bull run? - page 2. (Read 469 times)
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?
It definitely is risky, especially if you are speculating on the altcoin that hasn't has much marketcap, it will be a very huge risk and I myself wouldn't do that, even with a high marketcap altcoin I wouldn't just compounding my money into it, I always consider altcoin as high risk investment, and I only buy it in small amount and sell it as soon as I get enough profit,
But all that being said, some people like risk and with big risk usually come big profit, (if you do it right of course)
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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?
I'm not doing it, and I don't recommend doing it especially if you aren't an expert at all.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?
I mean you already said that it only takes one altcoin to lose all of your profits. Just imagine, you started with $100 and luckily made that money to $1000, then you lost it all just because you bought an altcoin that you thought would increase its price after you bought it. If you know how to use stop loss then you can mitigate your losses, but what if you don't and you choose to just hold onto that coin until its price increase again?
I tried your strategy and didn't work for me. What worked for me is that I started with $50 then when I doubled it to $100, I kept the $50 profit, then I used the remaining $50 to do the same thing. In the end, I lost my initial capital, but I still gained profit because I kept my previous profits. You can do it as well. Don't be too greedy, and always go all in on a single altcoin. It hurts especially if you are very emotional when you lose your money because of investing.
I am thinking of starting with £100 and compounding profits jumping from one altcoin to another
Don't do that, I did same in previous bull market and my almost all of portfolio was wiped out. Convert your profits into Bitcoin and secure your profits, most alts will be perished when this bull market ends.
It's definitely true, people should be careful about these type of approaches and the caution that is required means that you are going to spend a lot of time in front of your PC checking all of these out. However, if we are talking about a situation that is during a huge bull run, like 2021 or like 2017 then we need to remember that it is going to probably all be fine, it is not going to really have anything that would be marginally all that big, we are going to end up with a situation that will be just fine.
I get that there are moments when it is not all that great but at the end of the day it is still quite good and doesn't really have too much confusing things along the way, it is just a simple solution to investing during bull run.
When things are not very good, it does not mean that it will be fine in the end.I get that there are moments when it is not all that great but at the end of the day it is still quite good and doesn't really have too much confusing things along the way, it is just a simple solution to investing during bull run.
There are some altcoins that are always bad and never have a good day because they have been abandoned.
Of course, the bull run must be exploited as much as possible by choosing which altcoin is appropriate enough to provide profits and security for the capital used. Make sure everything is thought through carefully and use your best strategy.
Don't take on a risk you can't afford to bear, you are just making decisions base on your imagination, which might result into something you never wished.
You made good profits lately from your investment, fine and congrats on that but do not think it will continue that way.. If you keep thinking that investing in such a manner is best then you might be wrong as you might get to lose all your funds. Investing in this manner into Altcoin is not advisable, with this your first profit of €100 why not divide the money into three parts, each parts goes into investing into different Altcoin. If you take loss from any of the investment then the other investment makes profit which will help cover up the loss. Since your investment is base on making quick profits, I would have referred Bitcoin for you as there are no loss involved in it.
You made good profits lately from your investment, fine and congrats on that but do not think it will continue that way.. If you keep thinking that investing in such a manner is best then you might be wrong as you might get to lose all your funds. Investing in this manner into Altcoin is not advisable, with this your first profit of €100 why not divide the money into three parts, each parts goes into investing into different Altcoin. If you take loss from any of the investment then the other investment makes profit which will help cover up the loss. Since your investment is base on making quick profits, I would have referred Bitcoin for you as there are no loss involved in it.
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?
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?
I personally don't use the method you use, I focus more on one goal, for example I buy eth consistently every month for 200$, whatever the price is, the important thing is I consistently buy eth every month. I started from the beginning of January until now, still consistently buying eth every month and get quite a large profit, that's the altcoin method that I use
It sounds very easy to talk about but very hard to be accomplished. It is good that you know you want to take a big risk. I know some other people do this, but how far they go with it depends on the level of the risk they want to take. Just know that, little profit is better than losing all the money to an unprofitable investment. If you’re so lucky with more than two of them and earned a good profit from it, going further will be termed as being greedy and this is what you should avoid by all means as a crytopreneur.
You think it's too easy without any risk, even though in fact the crypto market cannot be treated like that.
There are many risks that can occur, you might just lose your £100 and not achieve what you want. One gain on another altcoin and also a loss on another altcoin. This is not only about profits but also about losses that will occur. It is best to carry out good management and use the right strategy.
It's definitely true, people should be careful about these type of approaches and the caution that is required means that you are going to spend a lot of time in front of your PC checking all of these out. However, if we are talking about a situation that is during a huge bull run, like 2021 or like 2017 then we need to remember that it is going to probably all be fine, it is not going to really have anything that would be marginally all that big, we are going to end up with a situation that will be just fine.There are many risks that can occur, you might just lose your £100 and not achieve what you want. One gain on another altcoin and also a loss on another altcoin. This is not only about profits but also about losses that will occur. It is best to carry out good management and use the right strategy.
I get that there are moments when it is not all that great but at the end of the day it is still quite good and doesn't really have too much confusing things along the way, it is just a simple solution to investing during bull run.
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?
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?
The thing with crypto market is almost everytime, they follow the same trend. i.e. if they are increasing, all of them would increase and when they decrease, all of them does.
Still we can profit on finding what coins could probably have a larger chance to increase than the average.
I made a significant profit of x3 last month on Solana, No other prominent coin got x3 in the current bull, and I booked my profit there. Solana is a good coin but I'll take the risk of waiting it to correct.
The profit I got from Solana, I invested on a coin called KP3R, which did increased 8% but I don't think I'll be able to get x2 on that.
Making plans is easy, sometimes it works, sometimes it fails. I appreciate your plan, but if you jump straight into the market, when the market is friendly, our plan will definitely work, but the market is different, so we have to have a backup plan to cover failure, that's what trading is all about, we have to have lots of alternative ways to get profits to make it work. according to the plan
Majority on here are ignoring the fact I have said numerous times now that this is risky.
It is risky but it is possible - seems like the majority on this forum are into safer plays like Bitcoin which is fair enough but buying Bitcoin isnt going to make me wealthy next bull run.
It is risky but it is possible - seems like the majority on this forum are into safer plays like Bitcoin which is fair enough but buying Bitcoin isnt going to make me wealthy next bull run.
You think it's too easy without any risk, even though in fact the crypto market cannot be treated like that.
There are many risks that can occur, you might just lose your £100 and not achieve what you want. One gain on another altcoin and also a loss on another altcoin. This is not only about profits but also about losses that will occur. It is best to carry out good management and use the right strategy.
There are many risks that can occur, you might just lose your £100 and not achieve what you want. One gain on another altcoin and also a loss on another altcoin. This is not only about profits but also about losses that will occur. It is best to carry out good management and use the right strategy.
...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...
Your strategy has nothing to do with reality. And if it really was working, then everyone would be millionaires. You have considered only a positive scenario, but what will you do when your altcoin, instead of giving you 100% profit, drops to zero? Or are you sure that this can't happen?
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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.
I am thinking of starting with £100 and compounding profits jumping from one altcoin to another.
Are you trading against those altcoins or you're just investing in them and holding, remember they are not that reliable, anything can happen, do consider the risk first before making any Investment decision on any altcoin and make your research well prior the investment.
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Investing & holding. Plan on buying once an altcoin has fallen quite a lot and then buying low and waiting for it to pump to then sell.
If you have such easy funds, you will be free to choose the altcoins you like similar to dca but collect your potofolio in each oracle, have you bought altcoins this month according to your analysis? technical and fundamental for me are also important, if the 2-30 ladder ranking on coinmarketcap in my opinion is also an additional option, to see activity including trading volume, I once bought 10 altcoins, although profits can cover for current trading, this votality is suitable for daily. In addition, it is better for you to also consider in terms of bearish trends, bad news and fomo/hype effects, if you are able to go through that phase, or you know the best position to secure your funds it is better, and altcoins also have considerable risk but can be minimized.
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.
Altcoins that have yielded upto 100% within a month is possible and we may take the caution that may come with doing this as well, take a quick decision on those coins to sell or continue to hold at your own risk, anything can happen from now henceforth, altcoins cannot be that trusted, they rise fast and fall the same way, especially the new projects.
I am thinking of starting with £100 and compounding profits jumping from one altcoin to another.
Are you trading against those altcoins or you're just investing in them and holding, remember they are not that reliable, anything can happen, do consider the risk first before making any Investment decision on any altcoin and make your research well prior the investment.
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?
Crypto market is unpredictable why not stick with your plan once you achieve your 100% take profit keep and lock your £100 safely and look for another opportunity for investment without compounding of course your risk to reward ratio is 1:1 what matters is your consistency in making profit I believe you have a working trading or investment strategy which guarantees your consistent earning 100% else if you insisted on compounding your profit that means you are taking too much risk which can amount to losing your already earned profit " a bird at home is worth two in the bush" 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?
Ok so most of you are against this idea , I understand it is risky but it is £100 I am willing to lose in the hope of getting lucky and making a few thousand out of it I could then invest into something stronger like Bitcoin.
While I am here , I invested £100 into an altcoin called Myria a few months ago and I am currently 700% up on my investment. I believe it can go a lot higher but sounds like many here would just take profits at this point?
While I am here , I invested £100 into an altcoin called Myria a few months ago and I am currently 700% up on my investment. I believe it can go a lot higher but sounds like many here would just take profits at this point?
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