Compounding altcoin profits in bull run?

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Quote from: Samlucky O on December 05, 2023, 08:07:10 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, 12:23:06 PM

Quote from: Questat on December 06, 2023, 08:03:24 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, 02:41:31 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, 12:23:06 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, 08:03:24 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.

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Quote from: AakZaki on December 06, 2023, 04:19:38 AM

Quote from: JUL00L on December 05, 2023, 07:16:52 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, 06:09:19 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, 07:16:52 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, 05:11:06 PM

Quote from: JamesDaniel90 on November 28, 2023, 06:09:19 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, 06:09:19 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, 04:07:28 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, 04:47:30 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, 06:09:19 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, 06:09:19 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, 06:09:19 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, 06:09:19 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, 06:09:19 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.

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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.

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Quote from: JamesDaniel90 on November 28, 2023, 06:09:19 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?

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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Quote from: JamesDaniel90 on November 28, 2023, 06:09:19 AM

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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 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.

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Quote from: JamesDaniel90 on November 28, 2023, 06:09:19 AM

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.

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Quote from: beerlover on December 01, 2023, 12:12:02 PM

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.
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.

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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.

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Quote from: JamesDaniel90 on November 28, 2023, 06:09:19 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?

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

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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.

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Quote from: AakZaki on November 30, 2023, 11:01:36 AM

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.

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.

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Quote from: JamesDaniel90 on November 28, 2023, 06:09:19 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 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.

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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.

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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.

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Quote from: JamesDaniel90 on November 28, 2023, 06:09:19 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...

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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Quote from: JamesDaniel90 on November 28, 2023, 06:09:19 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.

JamesDaniel90

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Quote from: JamesDaniel90 on November 28, 2023, 06:09:19 AM

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.
[/quote]

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.

johnsaributua

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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.

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Quote from: JamesDaniel90 on November 28, 2023, 06:09:19 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.

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.

Quote from: JamesDaniel90 on November 28, 2023, 06:09:19 AM

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.

gabbie2010

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Quote from: JamesDaniel90 on November 28, 2023, 06:09:19 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?

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"

JamesDaniel90

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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?

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Quote from: JamesDaniel90 on November 28, 2023, 06:09:19 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, 06:09:19 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.

tajimas

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Quote from: JamesDaniel90 on November 28, 2023, 06:09:19 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, 02:41:31 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, 02:41:31 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.

Kelward

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Quote from: Publictalk792 on November 28, 2023, 08:04:47 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.

Essential10

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Quote from: JamesDaniel90 on November 28, 2023, 06:09:19 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.

radjie

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Quote from: JamesDaniel90 on November 28, 2023, 06:09:19 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, 06:11:36 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, 06:27:44 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.

PrivacyG

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Quote from: JamesDaniel90 on November 28, 2023, 06:09:19 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.

oktana

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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.

Makus

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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.

rhomelmabini

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Quote from: JamesDaniel90 on November 28, 2023, 06:09:19 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, 04:36:09 PM

Quote from: JamesDaniel90 on November 28, 2023, 06:09:19 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.

o48o

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Quote from: JamesDaniel90 on November 28, 2023, 06:09:19 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.

Sophokles

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Quote from: JamesDaniel90 on November 28, 2023, 06:09:19 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, 06:09:19 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.

Publictalk792

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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.

batang_bitcoin

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Quote from: JamesDaniel90 on November 28, 2023, 06:09:19 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?

You mean trading, right?
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.

super bako

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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?

JamesDaniel90

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Quote from: kizlod on November 28, 2023, 07:23:45 AM

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.

kizlod

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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.

Bureau

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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.

JamesDaniel90

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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.

yazher

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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.

ryzaadit

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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.

JamesDaniel90

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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?

Topic: Compounding altcoin profits in bull run? (Read 481 times)