Compounding altcoin profits in bull run? - page 3.

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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?

Do you really think Crypto currency work that way? It's never a win win all the time. Don't ever try what you are planning because I smell Doom. You'll end up buying rugpul at the end of the day. Since altcoin has given you the 100 percent you need I think it would be wise if you invest it on bitcoin. If there is a need to invest more I think you should just put $150 to bitcoin and invest $50 dollar on the one you find safe to invest than spreading the money. Its great you were able to make profit from altcoin but I must tell you it's rear to see people make such profit. But use it wisely otherwise your greed will put an end to you already made profit.

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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?

Its actually good idea to done but somehow hard to execute since we all know how risky and unpredictable the altcoin market that's why sometimes its hard to spot a good alt to earn even if they are on top since they also suffer from dumping especially if there's no huge demand occur. That's why we need to be prepare on some situations especially if we want to trade since there are times that we going to bag hold the alts we buy since it didn't meet our expectation and the price dump at certain point.

Maybe aside for starting at £100 you also need to have extra funds to use so whatever happen to the first capital you use still there's another funds that can be taken out to the pocket to use for another round if you bag hold the first one.

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

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

You gotta get stuck doing this maybe on the 2nd or 3rd coins which is not ideally perfect, compounding is really concentrating on one altcoin while you sell when you gain at least 25-50%, buy back the same coin when it retraces back. Lets say you gain £50 from your first £100 investment, you wait while the coin falls/retraces back to where you bought the first time, again, buy back the same coin with £150 not far from the first price you bought before while you wait for another increase in price the second time, it may take time bouncing back but you have to be patient.

And again, compounding in crypto happened when you buy and stake a particular altcoin on a decentralized exchange to be compounded whenever you make a profit. Biswap is the recommended dex for staking and auto compounding your profit while you pull it out whenever you want, I don't know if you can buy this idea tho.

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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.

But as a gambler though, we all know that martingale might not work because you really need to be lucky and at the same time, deep pockets to double every time. So very hard to maintain this kind of settings specially for altcoins.

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

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.

Even if you are still very careful, things might not go against you, and after that all capital being sweep in a blink of an eye. Perhaps this strategy is not going to be effected at least in altcoin trading. Just pick one altcoin or just bitcoin and then accumulate as much as you can and then HODL. It's not as complicated process as what the OP wants.

Anyhow, best of luck to him. Trade at your own risk.

danherbias07

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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.

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Quote from: Publictalk792 on November 28, 2023, 09:04:47 AM

I will recommend you should not buy one coin you should divide your amount on to 5 or on to 10. Means you should pick 5 or 10 Altcoins with your analysis and should invest equally in these coins. If any one will go down others may recover the loss of one coin. And if the whole market will dump so this is your luck.

I'll give the OP same advice, divide the amount and put in indifferent atcoins, more like not putting all your eggs in one basket, so if one or more goes down, he'll still fall back on the ones that'll be profitable. Assuming he chooses five alltcoins to choose from, probability is he'll be profitable in at least two, this is better than just one, where the chances of making profit is less than 50%. Altcoin investment is risky, therefore people need to consider cashing out when they make huge profits, or at least reinvest some percentage back, instead of leaving everything. I can only leave my investment in only bitcoin and a few top altcoins like ethereum, because they've proven to be trustworthy.

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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 don't know what kind of altcoin you have selected but have some doubts about how far you can go investing in such altcoins. It is true that investing in altcoins can be risky and there is always the possibility of losing money. The cryptocurrency market is extremely volatile, and prices can fluctuate dramatically. While some altcoins may experience temporary price spikes and offer significant profit potential, the value can quickly decline. Diversification can be a good strategy to reduce risk, but blindly jumping into other altcoins without proper analysis and understanding can lead to losses.

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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?

It would be much better if the profits obtained from Altcoins were immediately invested in potential coins that clearly have a high trading volume. This will minimize the risk of loss rather than expecting multiple profits that cannot necessarily be achieved.

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Quote from: oktana on November 28, 2023, 07:11:36 PM

My advise is that you should be careful and conscious that anything by could go wrong. If it can do almost 100% in less than a week, in can likewise go down by the same (or even more) percentage. You also mentioned to jump from one Altcoin to another due to your compounding interest plan. Well, not bad but know that jumping from one Altcoin to another increases the risks even more and like I said, be careful because one of these Altcoins could be having a bad day and you wouldn’t know; going in with all your funds. I wouldn’t love to see someone sad/creating a thread claiming they didn’t know.

I'm still shocked to see an individual how's stepping out to watch our for solid guys and their impressive performance this season. Altcoins have been lately distributed in the market, some don't usually the marker but its always in their mind to ensure they're able to reap good profits from the system. Running from one project to another will not help, rather it will only make one yo start losing heavily from the system. Cryptocurrency is volatile, everyone knows that and we're all acquainted with the system and we should utilized our money into some important revenue this season.

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I've been using beefy.finace to auto compound earnings from farming since 2021 and it's been a pretty good experience. Gotta be careful with your staking through, not all farms are created equal. It might not be Beefy's fault but oftentimes the underlying farms are not treading their security as seriously. Beefy itself is solid, but there's tons of shitcoins out there that could lure you in with high APRs and later just dump to zero.

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Quote from: ryzaadit on November 28, 2023, 07:27:44 AM

One thing you should learn.

Sometimes is not always as planned, I want to give you some advice and examples. A good trader not based on how much profit you're made, but ending with profit not based on how much % or $ you're earn. We already seeing so much people, finally ending with lose just because they only need a few % left and then keep holding until the end. It's better to set up your limit and psycology (at least ended with profit no matter how much % you're earn).

1000% true I mean in this early bull run the greed will take control our body

so If I were you if you 100% profit just take a profit of at least 25% and buy or DCA again when the market started to make correction just dont buy altcoin when they near the last All Time High it dangerous and buy the reputable coin not memecoin or shitcoin.

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

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.

Only if it was this easy and simple.

There are MANY and I mean MANY MANY Altcoins. How many of them in percentage ever pump randomly?

When the Bull Market comes. They all rise together usually. It is VERY hard to pick the best out of all. And more over. It takes a long time to get to even 800 Pounds.

Do you think it is really this easy and fast? Buy 100 Pounds worth of Shit Coin 1 and you think it will grow immediately? It may take many months before you see a doubled price. That is considering the price WILL gain any thing at all. You will hold 100 Pounds in a Shit Coin and see others pumping. You will be tempted many times to make costly mistakes.

This is not the way to go I would say.

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My advise is that you should be careful and conscious that anything by could go wrong. If it can do almost 100% in less than a week, in can likewise go down by the same (or even more) percentage. You also mentioned to jump from one Altcoin to another due to your compounding interest plan. Well, not bad but know that jumping from one Altcoin to another increases the risks even more and like I said, be careful because one of these Altcoins could be having a bad day and you wouldn’t know; going in with all your funds. I wouldn’t love to see someone sad/creating a thread claiming they didn’t know.

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Op trust me this idea of jumping from one coin to another is not a good for your financing health. Even if you choose to start with €100, I bet you might get tempted to increase the amount after successfully making this profit you desire. Its possible for altcoins at this time to increase to 100% in their price but, how would you differentiate those that have come to stay and those that would disappear in a twinkle of an eye. No matter how careful you'll try to be, those altcoins who move 2x their price are usually low when it comes to popularity and their their market cap, in other words they are not to be trusted. I'm happy you understand the risk behind the decision you're making so all risk tolerance would be on you. They say a word is enough for the wise, I think I'll end my advise here and let you learn from your own experience.

You have a very low probability of coming out successful with this idea. but anyway, good luck.

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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?

That's possible but you should know that this will only happen when it's bull run and you may even get more than that. For your information there's some kind of cycle you should know because it's starts first with Bitcoin, then large caps, medium caps, and then the shitcoins. At least know this cycle if you want to fully maximize compounding.

Maybe you're just in shock how you make these profits but it will just be grab again on you by the market if you don't pay attention well. Take profit as needed and always eye on the target.

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Quote from: o48o on November 28, 2023, 05:36:09 PM

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

-cut-
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've seen several people trying to do this in years i've been in this game. Some of them are proud that they have found this way, like they invented the fire.
But like you said. All it needs is one altcoin that's not 2x:ing, and these coin flippers lose their composure

And since here are more altcoins out there that go down then up, you can guarantee that some point you will encounter them.
Some of the projects will be even rug pulls so you can't even sell in loss as there's no liquidity to sell. So you will lose everything.
Losing your money on bad investments is another thing, but it will sting to lose your money to a scammer. More then you know.

easy to plan but in actual scenario too difficult to find alt that will indeed give you at least 2x profits in a short period of time. how the OP laid out his plans is quite easy. but try applying it in actual trading market, i guess, he would find it challenging to find those profitable alts. but if you think you have a sound plan, you can push thru as it is your money at stake. so better take care of your own funds from potential screw-ups.

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

-cut-
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've seen several people trying to do this in years i've been in this game. Some of them are proud that they have found this way, like they invented the fire.
But like you said. All it needs is one altcoin that's not 2x:ing, and these coin flippers lose their composure

And since here are more altcoins out there that go down then up, you can guarantee that some point you will encounter them.
Some of the projects will be even rug pulls so you can't even sell in loss as there's no liquidity to sell. So you will lose everything.
Losing your money on bad investments is another thing, but it will sting to lose your money to a scammer. More then you know.

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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?

The best action right now should be to remove your seed money from your investment, and if you are confident about the project and that there is more room for it to grow, then let the profit grow with the project. In this way you don't have to take any risk for any negativity from that project price. You can reinvest those seed funds to other projects or you can buy some major altcoin like ETH matic to minimize the risk. But the strategy you wants to apply to multiplay your asset 2x every time can be a failure. You have seen success for few project but you will not be successful in every project in which you invest.

kentrolla

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No mate, this is not practical and a all it takes it just one bad day for an Altcoin to ruin all your compounding profits and make it worthless. I would suggest you to come up with an strategy, I can share one of mine but it won't work for you because we both might have different calibre to execute the strategy and efforts might differ. Start from small profits and then multiple it then set aside a percentage as take profit and continue with rest until you achieve your desired results. There might be losing day you gotta consider those as the day of accumulation to sell it or higher at winning days. Try writing down your strategy and start with very lesser amount to check trail and error basis.

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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?

That is a wild strategy and I don't think any sensible investor will do that.

If you made a profit on one altcoin then the right thing to do is to cash out or invest in the most stable coin like BTC so you can be sure that the coin won't fail like reach zero just like a completely volatile coin.

Well, you said you are okay to lose that then my only question is how much compounding you are expecting to go with because even 5 streaks will get you 3200% returns.

Topic: Compounding altcoin profits in bull run? - page 3. (Read 441 times)