It means you just want become a millionaire in few days or in few weeks. Haha!
This is possible but very difficult too. Just keep in mind this is the market and if you will see a pump so definitely you will see a dump too. So never think like that which you have mentioned.
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 will again recommend that you should not invest only in one coin. You should choose different coins and should invest into them that will be good for you. DYOR.
Topic: Compounding altcoin profits in bull run? - page 4. (Read 476 times)
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?
You mean trading, right?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?
If you can do that with trading then follow what you think is doable. If you can compound your altcoins profit during the bull run and as you start today, see if you can do it.
Not everyone can do this much and have this set of plan to make during the entire year or before the bull run comes. Because if this is all about trading it looks promising but hard to execute.
I'm not sure but wait for the bull season to come, if you dare invest in meme coins for just a few days/weeks or new projects that have potential coins during the bull season. You also have to prepare mentally and be ready to accept risks and it's not easy to find. I think people who understand the world of crypto or the internet will find it easy to find information?
Never tried to do that, I prefer holding altcoins, selling them at some point and just putting some of the gains in Bitcoin. The rest I'm just withdrawing. Jumping from one altcoin to another is really risky and requires a lot of research and guts.
Yes I am only talking about starting with £100 - it will either go to zero or I could turn it into thousands in just a few trades.
I think I will give it a good soon to see how I get on.
Never tried to do that, I prefer holding altcoins, selling them at some point and just putting some of the gains in Bitcoin. The rest I'm just withdrawing. Jumping from one altcoin to another is really risky and requires a lot of research and guts.
What you are trying to achieve is highly risk but, if it clicks then you would achieve your goal. Considering the volatility of the existing market you can go to the top or lose everything. Think before you make a move and be prepared of a plan b if your plan a doesn't work. As I have seen all calculation take a deep dive suddenly in the altcoin market. In that situation in order to recover your loss you would need a few less volatile coins in your portfolio.
I understand this is like gambling however i have seen multiple altcoins pump over 100% in recent weeks so this is doable , especially in bull run when everything pumps even more.
I am not talking about doing this with micro caps, more low caps that should be around till the end of the next bull run at least.
It only takes 7 doubles to go from £100 to £12,800.
I am not talking about doing this with micro caps, more low caps that should be around till the end of the next bull run at least.
It only takes 7 doubles to go from £100 to £12,800.
This is not easy because if that is the case you will see everyone doing that instead they are just holding altcoins for the long term without worrying too much about it. They are holding some altcoins after they carefully did their own personal research about those certain projects. Honestly, you would be a legend if you could do that thing you suggested but it's far from reality because there are too many choices and it makes it more even difficult to choose the right altcoin to hold for the long term let alone jump from one to another.
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).
Your mindset like gambling, while you're think based on a profit you're earn.
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).
Your mindset like gambling, while you're think based on a profit you're earn.
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?
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