How can novices quickly earn the first pot of gold in cryptocurrency and then re

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Quote from: kawetsriyanto on October 22, 2021, 02:10:36 PM

... most novices will only follow the hypes, taking the price when it is already pumping and then losing the chance to take profits, price falls and dropped again and again.

Well, the right coin is the one that has the best chance to keep the price going up for longer periods of time. But we do have to take into account the chance of a sudden drop due to a pump and dump scheme that would benefit very few of us. So the first idea is to do some research on a coin and check out the amount of trading volume. This would indicate if the coin has a strong user base and that will in turn indicate the strength of the community backing it.

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Quote from: page56088 on October 22, 2021, 08:33:08 AM

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Please combine these three post in one post because you have violated the rules. Don't post one line like that because you can quote multiple post in one post like the moderators did in your previous post.

Quote from: kawetsriyanto on October 22, 2021, 02:10:36 PM

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Becomes most novices will only follow the hypes, taking the price when it is already pumping and then losing the chance to take profits, price falls and dropped again and again.

Not only rookies, we know that Elon Musk has influenced the crypto market a lot with his tweet and that made a lot of people follow the hype he created even though at the moment his influence looks a bit weak.

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That is about taking profits from new coins with high risks of pump and dump.
The good thing is that if we really know the right coin and the time to buy the coin, we can get the chance to sell them when the price pumps.
Exactly, we can really get very high profits from this if we really know how to utilize this kind of coin or token.
however, if we are new to this, I think that this is a very risky choice, moreover if we are really a novice.
Becomes most novices will only follow the hypes, taking the price when it is already pumping and then losing the chance to take profits, price falls and dropped again and again.

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I did a mistake beginning of the investment, just stuck with an altcoin and lost a lot. I learned that if you have profit then don't miss the opportunity and don't wait for a big profit. We don't know what will happen tomorrow. Doesn't matter if the price pump after you sold, because it would dump as well. Especially when you are trading altcoin, no issue with Bitcoin investment. I can confidently say, Bitcoin will never give you loss if you just have enough patience and are not a panic trader.

So I am doing the same now, taking profit and out from that. Then move to another which is potential and would give me profit again. Otherwise, I will have to wait for a chance to take entry on the previously sold coin. This strategy works for me well.

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Investing in coin and make huge profit doesn't mean everyone have the chances to make the same equivalent profit, so i basically understand your profit as a luck that wishes to come to your way, because some people have numerous coins or some coins that refused to prosper or yields positively in the market currently after some period of purchasing, what i understand in cryptocurrency is that when investing in it, don't think all of them you adventure into via investment will propagates the same time, i noted that you can buy a coin today and tomorrow the will not do well according to expectations, so when such happens the investor Will be absolutely disappointed, so that is the reason i said for someone to invest and it get ride positively is out of luck.

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Quote from: khaled0111 on October 21, 2021, 01:53:19 PM

Quote from: page56088 on October 21, 2021, 11:00:54 AM

In fact, there is not so much money to buy BTC, and BTC must be held for a long time. Unlike this new type of cryptocurrency, you only need to hold it for 2-3 months and then withdraw. Guarantee the maximum benefit

Just because you have been lucky so far and managed to make some profit doesn't mean this strategy will always work. It depends mainly on the coin/token you are going to buy. Some coins, if not most of them, die and their value drop to zero even before getting listed on one of the reputable exchanges.
And when you buy one of those new coins, you will have to check its value on a regular basis to know when is the best moment to sell it. Usually it won't take up to two or three months before its price starts dropping.

Thank you for your suggestion, maybe it's really luck or something else. I need to continue to learn to buy and hold cryptocurrency.

Quote from: lovesmayfamilis on October 22, 2021, 04:17:43 AM

As far as newbies are concerned, I would not take risks with new coins. How can they understand the potential for a coin to grow? Investing in bitcoin is a completely different matter. It will grow, no matter what, you just need to be able to wait. But with the rest of the coins, blind investing, without knowledge, can, on the contrary, completely discourage all desire for investment. If everything were so simple, I think many newbies would be sitting with their pockets full, especially at this time when new coins appear regularly. But only a few of them give any plus

It's just a way to try. So I brought it out and discussed it with everyone

Quote from: TheNineClub on October 21, 2021, 02:15:54 PM

why quickly? I mean, every piece of advice from long-time successful investors is to play the waiting game, take it long and take your time. That yields the best results. Quick turnarounds either require an enormous amount of skill and know-how or an enormous amount of luck. Look, you might get lucky, but there is always a safer route to take.

I think the so-called experience cannot fully analyze its future growth and price, otherwise it is easy to become a billionaire, it is only a matter of time.

[moderator's note: consecutive posts merged]

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As far as newbies are concerned, I would not take risks with new coins. How can they understand the potential for a coin to grow? Investing in bitcoin is a completely different matter. It will grow, no matter what, you just need to be able to wait. But with the rest of the coins, blind investing, without knowledge, can, on the contrary, completely discourage all desire for investment. If everything were so simple, I think many newbies would be sitting with their pockets full, especially at this time when new coins appear regularly. But only a few of them give any plus

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Quote from: Coyster on October 21, 2021, 11:13:06 AM

Quote from: page56088 on October 21, 2021, 11:00:54 AM

In fact, there is not so much money to buy BTC, and BTC must be held for a long time. Unlike this new type of cryptocurrency, you only need to hold it for 2-3 months and then withdraw. Guarantee the maximum benefit

You can buy Bitcoins worth the amount you have and Indeed any amount at all, you must not buy one Bitcoin or an amount too much, infact when investing you're supposed to invest with only what you can afford to lose, so you also have to check yourself on that. You can as well slowly increase your Bitcoins, you do not have to buy it all at once, you could find a strategy at buying at intervals that suits you, and before you know it, in a few years time, you'll have a good amount of it.

Having said that, Bitcoin is a long term investment, but it's much better than gambling with short term/pump and dump coins that if you fail to get it right, you lose all your funds, it's much better to gradually make profits than to make none at all.

It is difficult to double the profit of BTC, but if the principal is divided into ten shares to buy ten kinds of altcoins, as long as there is one successful principal, all of them can be taken back and still profitable. For small funds, a few hundred or a few For thousands of people, this method is very good. This is the philosophy of my operation.

Quote from: Coyster on October 21, 2021, 11:13:06 AM

Quote from: page56088 on October 21, 2021, 11:00:54 AM

In fact, there is not so much money to buy BTC, and BTC must be held for a long time. Unlike this new type of cryptocurrency, you only need to hold it for 2-3 months and then withdraw. Guarantee the maximum benefit

You can buy Bitcoins worth the amount you have and Indeed any amount at all, you must not buy one Bitcoin or an amount too much, infact when investing you're supposed to invest with only what you can afford to lose, so you also have to check yourself on that. You can as well slowly increase your Bitcoins, you do not have to buy it all at once, you could find a strategy at buying at intervals that suits you, and before you know it, in a few years time, you'll have a good amount of it.

Having said that, Bitcoin is a long term investment, but it's much better than gambling with short term/pump and dump coins that if you fail to get it right, you lose all your funds, it's much better to gradually make profits than to make none at all.

I divide the principal into ten shares to buy ten kinds of altcoins, but as long as there is one successful principal, you can get all of them back and make a profit. For small funds of several hundred or several thousand, this method is very good. This is My philosophy of operation.

[moderator's note: consecutive posts merged]

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Quote from: page56088 on October 21, 2021, 11:00:54 AM

In fact, there is not so much money to buy BTC, and BTC must be held for a long time. Unlike this new type of cryptocurrency, you only need to hold it for 2-3 months and then withdraw. Guarantee the maximum benefit

Maximum profit, yes, but with maximum risk. You can literally say the same with penny stocks. You can make a lot of money while at the same time you can lose a lot of money as well. At least with the likes of BTC/ETH, with enough time there's a high likeliness of them breaching ATHs consistently. Can't say the same with small-caps.

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Quote from: hatshepsut93 on October 21, 2021, 04:19:21 PM

Quote from: page56088 on October 21, 2021, 10:36:54 AM

The several cryptocurrencies I invest in have brought me more than 7 times of income. I think this method is effective.

Everyone feel like they are the next Warren Buffet when they make some profit in bull market, but sooner or later a sudden bear market comes and all your shitcoin stash will be worth 5% of the original investment.
Buying shitcoins and hoping that they will pump is really not a sound strategy, this irrational market will not last for long, sooner or later everyone will realize that there's no reason for coins with no user base and use cases to cost so much.

Yeah. The funny thing about this is that when something is "easy" to invest in it becomes boring, and when something is "difficult" to invest in it becomes interesting. When investing in anything there is risk involved, but as long as you've been cautious and you've made reasonable assumptions about future events then you should have a decent chance of success.

That being said, I am still looking for the easiest and most interesting things to invest in. If you have any suggestions let me know.

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Quote from: page56088 on October 21, 2021, 10:36:54 AM

The several cryptocurrencies I invest in have brought me more than 7 times of income. I think this method is effective.

Everyone feel like they are the next Warren Buffet when they make some profit in bull market, but sooner or later a sudden bear market comes and all your shitcoin stash will be worth 5% of the original investment.
Buying shitcoins and hoping that they will pump is really not a sound strategy, this irrational market will not last for long, sooner or later everyone will realize that there's no reason for coins with no user base and use cases to cost so much.

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Welll, its not a bad theory neither would it not be effective but, it all depends on you finding the right project or coin first and that's the most difficult of all the requirements. It requires of you to be knowledgeably aware of news, market cap and volatility on the coin, following the team behind it closely on a social media and official sites, be sure of there idea and what they are bringing into the market coupled with the exchanges these coins are to be listed on and the list keep going on and on. Again, 2 months is most unlikely to be the required time to determine for a project's success. At times, it could take more than that so, patience a d keen observation is another thing an investor should be armed with.

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Quote from: TheNineClub on October 21, 2021, 02:15:54 PM

why quickly? I mean, every piece of advice from long-time successful investors is to play the waiting game, take it long and take your time. That yields the best results.

Because many coins have no long-term potential. They will be pumped sooner or later and when that happens you should get rid of it. If you keep holding too long, or purchase more due to hype or fomo, you might find yourself in a position of holding a coin which has already seen its best days and it's only downhill for it from now on. Once that bear market starts, and one day it will, more alts will be buried never to return again. That's just a fact.

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Quote from: page56088 on October 21, 2021, 10:36:54 AM

Investment must be cautious, but you have to learn to seize the opportunity and take a portion of the money to invest in a new coin, because most new coins are beginning to rise very well, continue to invest for one to two months and then take away all Money. This is my theory. The several cryptocurrencies I invest in have brought me more than 7 times of income. I think this method is effective.

This method is not effective and will never be effective because it is not a decision to make in every cryptocurrency market season. It reminds what a Twitter influencer said he says "everybody is an experienced trader and investor during the bullish market season".
Almost every altcoin (including the dead one) makes a good trend during the Bitcoin halving effect season that's why you consider this strategy of yours as an effective strategy while 95% of them vapourize when the halving effect is over.

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why quickly? I mean, every piece of advice from long-time successful investors is to play the waiting game, take it long and take your time. That yields the best results. Quick turnarounds either require an enormous amount of skill and know-how or an enormous amount of luck. Look, you might get lucky, but there is always a safer route to take.

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Quote from: page56088 on October 21, 2021, 11:00:54 AM

In fact, there is not so much money to buy BTC, and BTC must be held for a long time. Unlike this new type of cryptocurrency, you only need to hold it for 2-3 months and then withdraw. Guarantee the maximum benefit

Just because you have been lucky so far and managed to make some profit doesn't mean this strategy will always work. It depends mainly on the coin/token you are going to buy. Some coins, if not most of them, die and their value drop to zero even before getting listed on one of the reputable exchanges.
And when you buy one of those new coins, you will have to check its value on a regular basis to know when is the best moment to sell it. Usually it won't take up to two or three months before its price starts dropping.

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You don't need to have special skills to profit from trading or investing because with faith alone you can also profit. But you also have to know that this method is not recommended at all because in my opinion it is no different from gambling based on luck. Good trading and investing is when you can actually convince yourself to buy after analyzing the future potential of the coin or crypto you are about to buy. I won't buy any crypto "especially atcoin" just hoping for luck, I won't gamble with it.

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Quote from: page56088 on October 21, 2021, 11:00:54 AM

In fact, there is not so much money to buy BTC, and BTC must be held for a long time. Unlike this new type of cryptocurrency, you only need to hold it for 2-3 months and then withdraw. Guarantee the maximum benefit

You can buy Bitcoins worth the amount you have and Indeed any amount at all, you must not buy one Bitcoin or an amount too much, infact when investing you're supposed to invest with only what you can afford to lose, so you also have to check yourself on that. You can as well slowly increase your Bitcoins, you do not have to buy it all at once, you could find a strategy at buying at intervals that suits you, and before you know it, in a few years time, you'll have a good amount of it.

Having said that, Bitcoin is a long term investment, but it's much better than gambling with short term/pump and dump coins that if you fail to get it right, you lose all your funds, it's much better to gradually make profits than to make none at all.

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Quote from: mk4 on October 21, 2021, 10:53:39 AM

Sure that's a good strategy— if you can actually time the buys AND sells really well; not to mention if you can actually pick the right coins in the first place. If not, then you're likely to just end up having far less money compared to when if you just simply held BTC.

In fact, there is not so much money to buy BTC, and BTC must be held for a long time. Unlike this new type of cryptocurrency, you only need to hold it for 2-3 months and then withdraw. Guarantee the maximum benefit

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Sure that's a good strategy— if you can actually time the buys AND sells really well; not to mention if you can actually pick the right coins in the first place. If not, then you're likely to just end up having far less money compared to when if you just simply held BTC.

Topic: How can novices quickly earn the first pot of gold in cryptocurrency and then re (Read 223 times)