How to profit from altcoins collapses? - page 3.

Distinctin

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Quote from: piebeyb on January 23, 2023, 09:16:00 AM

you have to do research first to invest in altcoins, of course, look for old altcoins that have lasted until now, not look for altcoins that are only 1 or 2 years old, chances are they can crash without recovering, then if you have done your research, buy all altcoins when the market crashes and save it for the next few years at least till 2025 as long term investment and 4 year cycle Wink

We are not in the early days, most of the new altcoins now are not profitable to invest in. Personally, I would instead choose the stability of altcoins, which means they have already been listed in a big exchange and people are already familiar with them. If we were in 2017, then investing in new altcoins is the right choice as it could generate a lot of money for us, but those golden times were gone, investors are more mature now, so they'll only hold coins that have already proven with good potential.

piebeyb

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you have to do research first to invest in altcoins, of course, look for old altcoins that have lasted until now, not look for altcoins that are only 1 or 2 years old, chances are they can crash without recovering, then if you have done your research, buy all altcoins when the market crashes and save it for the next few years at least till 2025 as long term investment and 4 year cycle Wink

gunhell16

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Quote from: Greg Tonoski on January 16, 2023, 08:35:38 AM

Is it possible to profit from collapses of altcoins? Do you have any ideas how to?

What I wonder about you is why would you board a ship that you know is going to sink, I can't get the logic you want to know. You can't right a sinking ship. Collapsed thinking when you can still make money here, this kind of thing is no longer possible in reality.

And there are many investable coins, even top altcoins, such as Bitcoin, Ethereum, Bnb, Matic, Ada, Shib, Shibarium, Dogecoin, and others that collapsed.

Ziskinberg

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Quote from: Greg Tonoski on January 16, 2023, 08:35:38 AM

Is it possible to profit from collapses of altcoins? Do you have any ideas how to?

No, you can't especially if you are investing shitcoins but if you are only investing ETH and BNB, even if it drops yet still believe that it will recover. Profit will come to you if we're able to hold and wait for the recovery but you can't manage yourself to do that, it is certainly impossible even though you are investing potential altcoins.

Not too hard to deal with the declining situation of the market. What we need is to choose good projects and trust them, earning is not impossible if you did it right and only sell them when the price increases.

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Quote from: rhomelmabini on January 16, 2023, 04:23:22 PM

Quote from: Greg Tonoski on January 16, 2023, 08:35:38 AM

Is it possible to profit from collapses of altcoins? Do you have any ideas how to?

That's the only way you profit if you bought it at low then sold it at high, what's impossible for that? The idea is to have proper risk management on every investment you venture to since you don't know when is the time the coin/token may up or down in price. Risk management should always come at hand first.

It is hard make profit from a collapsing coin, because collapse often happens suddenly and without any warning. By the time information is available about the collapse, its too late to take decision to short it. The other option is to take buying position when it is bottomed out & you think it worth it, as this can be risky as it is like "catching a falling knife". In other words very hard to predict when a coin will hit the bottom, so timing is difficult.

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Quote from: Greg Tonoski on January 16, 2023, 08:35:38 AM

Is it possible to profit from collapses of altcoins? Do you have any ideas how to?

Practically "short selling" can profit from the drop in price, sell now and buy it later at the lower price. But in real markets, this is difficult to execute neatly.

If you dont have the guts to do that, then you should just hold and wait for it to go back up again, which might take years or worse decades. The damage that you see on buying altcoins cannot be corrected but needs to be prevented by taking a vow to never divulge your hard earned money into altcoins but be loyal to bitcoin only.

The more you fill your bag with shitcoins, well, the more it will smell like shit.

bitcampaign

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As long as it crashes when the market is bearish it doesn't matter let alone the project they keep going, I think smart people would have bought it last year and are probably enjoying the benefits now as the market has returned to showing its bullish trend earlier this year

DeathAngel

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Firstly you need to be sure if whatever altcoin you’re interested in has any utility. If it’s collapsed then why has it collapsed. If it’s just following bitcoin’s usual four year halving cycle & entering a bear market then that’s fine, it’s safe & probably a great time to invest. If it’s because of something more sinister like a dev rugging the community or & problem with the code or a big hack then you need to know.

As always do your own research but obviously during natural bear markets it’s a good time to buy, providing there isn’t a sinister reason for a collapse in any said coun.

NFA & DYOR.

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Quote from: Cling18 on January 21, 2023, 12:19:08 PM

Quote from: Jackl87 on January 21, 2023, 04:59:44 AM

Quote from: Greg Tonoski on January 16, 2023, 08:35:38 AM

Is it possible to profit from collapses of altcoins? Do you have any ideas how to?

Like others in this thread have already mentioned, there is only one way to make money with a project that is losing value and that is to short it on exchanges. That being said, this onl works, if the project is not completely collapsing and going bankrupt. Only the price needs to go down. I have never shorted a project before, but as far as I know, you can only short pretty big altcoins because exchanges are simply not offering options for small and new altcoin projects.

Sell and make a profit in a short-term period because collapsing coins aren't worth holding. You might not make huge profits from it but you will still be able to take advantage of it. We can't expect too much from collapsing coins so sell if you still have a chance to sell while it still has a value. If you are still doubtful, do research and double-check if it still has the potential to recover.

At least we can still make a little profit or minimize losses because it will only be a waste of time if we continue to hold it while the value of the coin goes down,
before making that decision, do your research first and that's important,
selling it seems to be a realistic decision.

Silberman

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Quote from: bitgolden on January 21, 2023, 03:03:31 PM

I remember some people who shorted Luna when it was going down, and that was probably the best money making most people made during that time. It didn't just go down a bit, some projects go down 10-20% and make you money, these were going down 99%+ and that Is why the amount of money you would make out of it was insane.

I remember a friend of mine turned 700 dollars into nearly 25 thousand dollars in a single day when it happened, he got in just as it started and got out after first day, he regrets not staying even longer to be fair. So, if you want to short a project that collapses, you better be early, and you better make sure it won't recover from that drop.

Without a doubt a lot of money can be made while shorting altcoins but it is difficult to guess when one coin is going to collapse like that and to keep shorting until the very end, so while your friend may have some regrets about it he obtained 35x his initial investment and this is not small at all, if anything instead of trying to keep their position open for a period of time which was even longer he should have used more money to open his position and multiply his profits this way.

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Quote from: Jackl87 on January 21, 2023, 04:59:44 AM

Quote from: Greg Tonoski on January 16, 2023, 08:35:38 AM

Is it possible to profit from collapses of altcoins? Do you have any ideas how to?

Like others in this thread have already mentioned, there is only one way to make money with a project that is losing value and that is to short it on exchanges. That being said, this onl works, if the project is not completely collapsing and going bankrupt. Only the price needs to go down. I haver never shorted a project before, but as far as i know, you can only short pretty big altcoins because exchanges are simply not offering that options for small and new altcoin projects.

I remember some people who shorted Luna when it was going down, and that was probably the best money making most people made during that time. It didn't just go down a bit, some projects go down 10-20% and make you money, these were going down 99%+ and that Is why the amount of money you would make out of it was insane.

I remember a friend of mine turned 700 dollars into nearly 25 thousand dollars in a single day when it happened, he got in just as it started and got out after first day, he regrets not staying even longer to be fair. So, if you want to short a project that collapses, you better be early, and you better make sure it won't recover from that drop.

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Quote from: Jackl87 on January 21, 2023, 04:59:44 AM

Quote from: Greg Tonoski on January 16, 2023, 08:35:38 AM

Is it possible to profit from collapses of altcoins? Do you have any ideas how to?

Like others in this thread have already mentioned, there is only one way to make money with a project that is losing value and that is to short it on exchanges. That being said, this onl works, if the project is not completely collapsing and going bankrupt. Only the price needs to go down. I have never shorted a project before, but as far as I know, you can only short pretty big altcoins because exchanges are simply not offering options for small and new altcoin projects.

Sell and make a profit in a short-term period because collapsing coins aren't worth holding. You might not make huge profits from it but you will still be able to take advantage of it. We can't expect too much from collapsing coins so sell if you still have a chance to sell while it still has a value. If you are still doubtful, do research and double-check if it still has the potential to recover.

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Quote from: Pamadar on January 19, 2023, 08:28:01 AM

Quote from: worle1bm on January 19, 2023, 02:12:47 AM

Quote from: Greg Tonoski on January 16, 2023, 08:35:38 AM

Is it possible to profit from collapses of altcoins? Do you have any ideas how to?

On the opposite my strategy is to cash out when it's on the rising phase under temporary bull period because once these altcoins start collapsing the recovery chances are very low and loss chance is high as they have nothing to offer.But there are people who will say short it or invest in huge margins to have more them at dips so when price rise little you take out profits but for me I don't risk in them too much.

It's very tough, and the risk is high if you will short while it is still in bear season, though like what you mentioned there are people who can
take some profits while doing this strategy.

They are those who have that big nerve to take the risk. They observe and monitor how
the market is behaving and in a timely manner they will place position to buy and quickly sell.

Besides that, of course they are experienced so they have the courage to make decisions by taking these risks,
it's not easy and a little mistake will make us lose,
so think and consider carefully before making that decision.

Jackl87

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Quote from: Greg Tonoski on January 16, 2023, 08:35:38 AM

Is it possible to profit from collapses of altcoins? Do you have any ideas how to?

Like others in this thread have already mentioned, there is only one way to make money with a project that is losing value and that is to short it on exchanges. That being said, this onl works, if the project is not completely collapsing and going bankrupt. Only the price needs to go down. I haver never shorted a project before, but as far as i know, you can only short pretty big altcoins because exchanges are simply not offering that options for small and new altcoin projects.

Lanatsa

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Quote from: Greg Tonoski on January 16, 2023, 08:35:38 AM

Is it possible to profit from collapses of altcoins? Do you have any ideas how to?

You would make out profits if you do make out some short position
whether on futures or perpetual but of course it would really be depending on how much leverage you had put up into.
We know that dumping or decreasing situation isnt something that we could be able to predict.

This would be the main question that you should need to answer on how you would be able to find out on when a certain altcoin would drop because there's no man on this
world would be able to know on whats ahead.

serjent05

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Quote from: WalkerIVIV on January 20, 2023, 05:20:54 PM

just bag holding and accumulate when the value decrease that's like literally the only way honestly, because that way you could always gain profit once the value bounce back but it's certainly could cause you to lose money.
the thing is,there's nothing much you can do in the middle of collapses, you just lose your money and that's it.

Yes and no, yes to accumulate when the value keep on plummeting but you won't get profit from it. You have to wait for the token manipulator to pump the market of the collapsed altcoins and sell before the manipulator is dumped. I think that is the only way to profit in a collapsing market since the majority of altcoins that collapse never recover unless being pumped by a group of people who make profits from pumping dead projects.

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Quote from: Greg Tonoski on January 16, 2023, 08:35:38 AM

Is it possible to profit from collapses of altcoins? Do you have any ideas how to?

This seems like gambling. So, you can buy altcoins that collapse but have big teams in very low prices. Then, wait for it for the time the coin is pumped. Commonly, there will be an area where you can meet the pump price one day before it will drop again. And at that time, never be late to sell and take profits, once you miss it, you will really lose the chance.

However, like I said, this is like gambling because you may be lucky or not lucky. For, you may not know if altcoins will rise up again or not after collapsing, whether there will be a short chance to take profits or not. This will also lead you to loss, which is why this is very risky. If I personally, I will prefer to stay away from this coin. Better to invest in Bitcoin which is very valuable for the long term especially.

WalkerIVIV

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just bag holding and accumulate when the value decrease that's like literally the only way honestly, because that way you could always gain profit once the value bounce back but it's certainly could cause you to lose money.
the thing is,there's nothing much you can do in the middle of collapses, you just lose your money and that's it.

evichi

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Yes, I think you can make profit from altcoin collapse, however, you have to check/research the altcoin in question and possibly find out if the collapse is the type that will recover in a few days, years, or never. A known collapse like FTX collapse is obviously out of question. If it is possible, find out the cause of the collapse prior to trading or investing. Just like swing traders, you can take advantage of buying low and selling after a couple of days or even weeks when the altcoin appreciates in value - so you can take CALCULATED risk like swing traders. Ensure that the collapse is such that the altcoin can recover. You need to research the altcoin to ensure the team behind the coin have some level of trust. As with all investments, don't put all your eggs in one basket and always trade/invest what you can afford to loose.

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Quote from: Greg Tonoski on January 16, 2023, 08:35:38 AM

Is it possible to profit from collapses of altcoins? Do you have any ideas how to?

I want to ask you again, do you know the meaning of "collapsed"?

If you already know you at least understand and don't have to think about taking advantage of a collapsing altcoin and hoping for a miracle the price will skyrocket, it's highly unlikely.
There are so many good altcoin choices on the market to make a profit, but you are more troublesome for yourself, like wanting to save your money in the sea and hope that your money will fill the sea. realistic thinking is necessary in investing and don't waste time on altcoins that have collapsed.

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