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Topic: How to profit from altcoins collapses? - page 4. (Read 1060 times)

member
Activity: 219
Merit: 19
January 19, 2023, 08:38:06 AM
#46
Yes, it is still possible to make money with altcoins as long as you predict when they will crash. Similar to what other members have said, shorting a trade is a risky but profitable strategy. But given that we both understand how dangerous this is, why are you interested in it?
legendary
Activity: 2982
Merit: 1028
January 19, 2023, 08:28:01 AM
#45
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.
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
January 19, 2023, 07:21:35 AM
#44
Is it possible to profit from collapses of altcoins?
It's possible and the answer is shorting. This is a very risky trade to be honest but since you are looking for profit and you shall agree with the risk. The only way to be profitable from collapsed token.

Do you have any ideas how to?
Then use your internet to browse about shorting trade. You shall be careful caused by sometime you were also gambling with your money. I think that you can also try to gamble small amounts of money to buy tokens that already collapsed
hero member
Activity: 3164
Merit: 675
www.Crypto.Games: Multiple coins, multiple games
January 19, 2023, 06:49:31 AM
#43
The premise is how do you know that this altcoin will crash, if this altcoin crashes no one will continue to buy it, you can only choose to short. If this altcoin does not crash, but has an upward trend, then it will be very dangerous for you to short, and the risk of investment definitely exists. This will test your insight into the market.
There are ways to know this. The main one would be if this was a poorly built altcoin and then it looks suspicious. It's crazy but when some shady alts crash, there are still people who invest on them especially if they are famous because they still expect that it will recover. If the altcoin continues to rise then isn't that great?

It means we can sell for a juicy profit but it's not only advisable to buy during those moments, only to be safe from the bull traps. Wealth are created during the bear seasons or whenever the coin collapses but it must be accompanied with a proper research so that we are sure that the alts that we will pick can still be able to recover.
full member
Activity: 1834
Merit: 166
January 19, 2023, 02:12:47 AM
#42
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.
legendary
Activity: 2534
Merit: 1338
January 18, 2023, 10:19:21 PM
#41
Is it possible to profit from collapses of altcoins? Do you have any ideas how to?
There are two fundamental positions you can take when it comes to an asset, you can take a long position in which you basically predict the price of such an asset will go up, or you can go short in which you predict the price will go down instead, however I will advise that you do not try this strategy as not only it is a very risky one but its upside is also limited, but other than shorting the market there are not many ways to profit from altcoins which are crashing.
hero member
Activity: 3038
Merit: 634
January 18, 2023, 08:08:32 PM
#40
Is it possible to profit from collapses of altcoins? Do you have any ideas how to?
Yes, any situation in the market can be profitable depending on your approach. Even if the market for a certain altcoin is collapsing, you can still make money out of it.

There goes the spot and the margin trading.

But most likely, those that are earning more and is following the trend and the news, they go margin and leverage their trades because they see the opportunity on it and there's only one way for such collapsing altcoins to go and that's to be on downtrend.
staff
Activity: 2454
Merit: 1617
Crypto Swap Exchange
January 18, 2023, 08:27:45 AM
#39
Are the exchanges more reputable than FTX was? Can they stop withdrawals, quotation, rig price etc.?

These exchanges are within the top 5 in terms of daily derivative volume and have operated longer than FTX did. Being a centralized exchange means they have full control of your coins and have the ability to stop withdrawals. Saying these exchanges would manipulate the order book is a bit of a stretch, highly unlikely but it's something a centralized exchange could do.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
January 18, 2023, 08:16:57 AM
#38
Is it possible to profit from collapses of altcoins? Do you have any ideas how to?
Yes, you can profit from the altcoin collapse by buying the altcoin at a low price and holding it for a while until the price increases again. But it's not easy because you have to find what altcoins have the potential to increase again. And even though the altcoin is in the top 10 or 20 list, it does not guarantee you will be able to benefit and only by analyzing can you find these promising altcoins. But maybe buying altcoins that are in the top 10 or 20 list can be more promising than choosing new altcoins or new tokens because in analyzing these altcoins, we can find more information that can help us in making a decision.
member
Activity: 143
Merit: 82
January 18, 2023, 07:59:12 AM
#37

The temporary collapse gives you that opportunity to buy and hold, as most of those solid supporters
will continue to buy during the dip and will going to wait for another good momentum before selling
it with their target value.
I meant permanent collapses like FTT (FTX's made token) and not regular, temporary price swings to profit from.

BTW I think that BNB will collapse permanently like nearly all altcoins.
legendary
Activity: 2982
Merit: 1028
January 18, 2023, 06:26:49 AM
#36
In summary: I haven't found any viable strategy to profit from altcoins collapses except avoiding them. Not sure how about the strategy of competing with an own altcoin which attracts suckers from other ones (for example BNB currently, FTT in the past).
The only thing that you can do right now with the altcoin collapse is to buy them while they are cheap? We are not talking about meme and shitcoin, but solid coins like BNB that you mentioned.

I mean our strategy should also satisfy another condition, that is to buy them right now and then hold or at least wait for the next bull run.

20224-2025 is the most likely year that we will see another explosive growth, so you need to have a lot of patience to be a long term holder, at least a year or two.

Going to depend on your better understanding of certain assets to hold, the way to earn is when you fully equip yourself with good knowledge about the project.

The temporary collapse gives you that opportunity to buy and hold, as most of those solid supporters
will continue to buy during the dip and will going to wait for another good momentum before selling
it with their target value.
hero member
Activity: 2870
Merit: 594
January 18, 2023, 06:06:33 AM
#35
In summary: I haven't found any viable strategy to profit from altcoins collapses except avoiding them. Not sure how about the strategy of competing with an own altcoin which attracts suckers from other ones (for example BNB currently, FTT in the past).
The only thing that you can do right now with the altcoin collapse is to buy them while they are cheap? We are not talking about meme and shitcoin, but solid coins like BNB that you mentioned.

I mean our strategy should also satisfy another condition, that is to buy them right now and then hold or at least wait for the next bull run.

20224-2025 is the most likely year that we will see another explosive growth, so you need to have a lot of patience to be a long term holder, at least a year or two.
member
Activity: 143
Merit: 82
January 18, 2023, 05:10:19 AM
#34
In summary: I haven't found any viable strategy to profit from altcoins collapses except avoiding them. Not sure how about the strategy of competing with an own altcoin which attracts suckers from other ones (for example BNB currently, FTT in the past).
sr. member
Activity: 924
Merit: 275
January 18, 2023, 04:52:47 AM
#33
Basically, by shorting it; you can make profit from the collapses if you do shorting it. But there are only few shitcoins that are been listed on futures market so it is really hard to pick altcoins that are been collapsing. Before I catch up the huge dump in FTX because of its scandal where I shorted it with low margin and I earn bucks from it. Try to research coins that are been listed on futures market with bad team and with bad services because usually those coins are good for shorting.

But don't always do shorting because your psychology can be destroyed it is better also if you will do long market but make sure that you have a good trading plan and strategies that you could use to make profit in the market. Finding the right altcoin for long market is also hard to find so better you have knowledge and set of unique skills that you can use in order to pick the right coin that you will short or long.
member
Activity: 143
Merit: 82
January 18, 2023, 04:15:38 AM
#32
Is it possible to profit from collapses of altcoins? Do you have any ideas how to?

There are several ways to do this. For example, you can use margin trading to take a short position and profit from price collapse, or you can wait until the collapse stops, buy out the bottom and quickly make a profit. For example, Aptos, Solana, etc. had such situation. The market gave an opportunity to buy coins at low price and then get good profit in 10 days. When the price falls, you have to wait to successfully redeem the bottom.

Selling high, buying low is price speculation and making use of volatility. It's not the same as profiting from collapse/demise of a token (like FTT).

An exchange could change margin requirements, manipulate price, halt trading etc. at any moment making it impossible to realize profit.
newbie
Activity: 32
Merit: 0
January 18, 2023, 03:09:00 AM
#31
The premise is how do you know that this altcoin will crash, if this altcoin crashes no one will continue to buy it, you can only choose to short. If this altcoin does not crash, but has an upward trend, then it will be very dangerous for you to short, and the risk of investment definitely exists. This will test your insight into the market.
hero member
Activity: 2310
Merit: 532
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
January 17, 2023, 06:59:51 PM
#30
Haha, I am not sure what OP is asking about. As for collapse how do you know that this particular Altcoin is going to collapse? As in LUNA's case nobody was sure until LUNA dumped to the 1$. So dear you can't make a profit as you can't see the future. You can profit in one case if some coin is already dumping and it is available to be tarded in future option.
Isn't there anybody profiting from collapse of an altcoin like e.g. FTT or LUNA? Collapse means critical failure, fatal design flaw, default on intended goals/promise, rug pull, brokek foundation like unpredictable inflation of token supply etc.

I know what are you are trying to explain but dear fellow, i am trying to explain some condition on the profit which are trying to make. So an imaginary situation where you want to make money from the Collapse of some Altcoins but you dont know which coin is going to collapse + what if the coin which is collapsing is not available for the future trade then what you cant make money in this particular situation.
In the above mentioned situation it is hard to make profit. This is why it is said, altcoins trading is high risk involved. Trying to make profit out of collapse means, going on projects like Luna or FTX at its downfall is very risky. Maybe one can take position for long term in such situation. Apart from such conditions, there are market down points which is same as that of the launch price. Certain altcoins used to reach such levels and making a buy at that position will surely help in profiting.
legendary
Activity: 966
Merit: 1042
#SWGT CERTIK Audited
January 17, 2023, 03:10:30 PM
#29
Haha, I am not sure what OP is asking about. As for collapse how do you know that this particular Altcoin is going to collapse? As in LUNA's case nobody was sure until LUNA dumped to the 1$. So dear you can't make a profit as you can't see the future. You can profit in one case if some coin is already dumping and it is available to be tarded in future option.
Isn't there anybody profiting from collapse of an altcoin like e.g. FTT or LUNA? Collapse means critical failure, fatal design flaw, default on intended goals/promise, rug pull, brokek foundation like unpredictable inflation of token supply etc.

I know what are you are trying to explain but dear fellow, i am trying to explain some condition on the profit which are trying to make. So an imaginary situation where you want to make money from the Collapse of some Altcoins but you dont know which coin is going to collapse + what if the coin which is collapsing is not available for the future trade then what you cant make money in this particular situation.
staff
Activity: 2436
Merit: 2347
January 17, 2023, 09:06:24 AM
#28
Is it possible to profit from collapses of altcoins? Do you have any ideas how to?

There are several ways to do this. For example, you can use margin trading to take a short position and profit from price collapse, or you can wait until the collapse stops, buy out the bottom and quickly make a profit. For example, Aptos, Solana, etc. had such situation. The market gave an opportunity to buy coins at low price and then get good profit in 10 days. When the price falls, you have to wait to successfully redeem the bottom.
member
Activity: 143
Merit: 82
January 17, 2023, 03:34:25 AM
#27
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?
I wonder if it is possible to profit from collapse of a token like FTT and not from a token price increase.
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