Topic: Is diversifying into the biggest winners a good idea? - page 2. (Read 386 times)

Its not a bad idea if you invest in top coins on the market right now,top coins like bitcoin,ethereum and bnb token are very good altcoins,you can split your money and wait for the beat time to sell

I think it's a very good idea for setting buy and sell orders.  Buy at the lowest point and set some sell orders for 15%, 30% or whatever and leave some out in case it goes 2x, 3x or more.

I am hoping that eventually you will get the gains that you are looking with this strategy. I would say that maybe it is still too early to decide whether this strategy is a good idea or not...so just give it some more time. One thing for sure is that these digital assets on the top had already made their biggest run so what we should be looking for can be the next big run just like what many are expecting for Bitcoin soon or maybe next year. I am wishing you good luck and please update us here in case a major development can occur...this would be interesting to watch.

You seemed to planned this very well and you know what you are doing. You have an exit strategy after this.

Good luck with your trades.

Diversifying means to hedge against your biggest investment. It is also a long term investment. You dont diversify for profit but to minimize loss.  To diversify into 10 coins is quite a project. and to diversify with $100 is waste of time.

The first one will end shortly at the bottom. I'll pull 0.1 off one of my exchange accounts and see if I can replicate the profits so far.

I'll wait for that 0.1 to become 0.11 or maybe 0.12 and then pull it off. These coins aren't greatly volatile but they van change by that much and have done twice with the 0.01..


Since we're not in altseason, the 10 gainers included a few loss coins too however one of those coins was augur. Fantom was also one of the coins I picked up with tnt and ren (and a couple of others).

Sure it can work out to take small profits but what can gain quick heights can plumb even harder so monitoring will be key. Curious what kind of volumes those coins have you picked on the daily chart.

Chasing 1% for profit is good, but you need to choose the right coin, which could increase in the short term or long term. At this moment, there are so many coins that you can choose but be careful because the other coin will tempt you to buy and you could buy the wrong coin. I am sure with the diversifying of the coin will give you a bigger profit but that only works with the right coin. Maybe you can use the long term strategy, so you don't have to worry if the price still fluctuated in a short time because you are chasing a bigger profit in the long term.

Be careful if you are targeting those kind of coins. I'm sure that you know what will be the next scenario after a coin gets pumped. It's not that bad at all as long as you are actively monitoring it and you are aware of the possible positive and negative result of it since it's probable your spare money.

How long do you plan to execute this strategy?

@fiulpro, I'm not after 3x or 4, a 1% profit is still a profit. 1% of 1btc isn't bad for a few hours fiddling... If I did more research and put something on some coins that were going to do well it might make 20%... I don't see why people are after doing anything other than making things interesting. Fiat currencies don't follow bitcoin as well as alts do and putting money in the bank just devalues it (since the interest is lower than inflation).

@asajapheth, can binance list the highest volumes too? You'd have to cross rqference the volume with the chart and the rsi to check its not likely that the volume is because its dropping but that is something I've heard before. The 10 altcoins is generally because I was without the choice of what I wanted to test to try to make something on...

@dothebeats, yeah it is risky to pick those coins randomly and I did put more into a coin I'd previously heard of (but not much more) so that may have swung it. I was also interested in if any of the coins got delisted, I was expecting one or two might but that doesn't seem to have happened. The highest coin I put into was 19.8% daily increase which was quite huge but it was only $10 so I thought I'd try it and see how it came out and I don't think that one has fallen so much...

Not the brightest of ideas but is certainly workable. It's a huge hit or miss considering that not every coin is that active or is receiving a lot of attention and some of them are being pumped for a while then people will move into other projects after making some money. Choosing the top 10 is not really ideal since those can change very often, though diversifying in itself is not a bad choice. Besides, $100 is also a good amount to try things out and see whether it works anyway so I don't see any harm in doing this. Be ready to lose a huge chunk of that play money though since there are some coins which has erratic market movements which defies most coins' movements.

If you are looking for coins what won't move much and will be a good stable idea , then why not a bank ?
In this market you need a coin that is hopeful for the future at the same time the coin should be good enough to still survive even after the market gains a few hundred ones .
You should understand that most of the coins never make out of *3-*4 times of their starting price and that's what if you are going to invest it , then you might get lucky very rare , might be the next Bitcoins .
But at the same time you might be totally failing this investment opportunity .

Yes, It's not bad. I do it with small cash at times. But I do it even before they become the biggest gainers. I watch where volume spikes, and that's where the biggest moves are about to occur. You can check out the top gainers on Binance for some days, you'd notice volume proceeds price movement. When you watch volume, and play with funds most times cash is made.

I've notice it is mostly random shitcoins that make this list most times. I'm not feeling the alt season vibe because my favourites aren't moving forward. BTC is crawling through the desert on its elbows right now. I'm waiting to see what $Vite does.

I wouldn't say investing in big gainers should be taken as a serious investment though.

PS: This is not an investment advice.

I threw ~$100 into the 10 highest gainer coins on binance (not sure what the time pera mete was).

Anyway after doing this, the value has fluctuated between ~8-12mbtc, is this a good way to get a feel for the market and use as a fairly stable investment or did I just get lucky. This would obviously be done for a short term and you'd only ever put in when it reached the 8mbtc mark again (or at least sub 9).

I'm wondering if I ended up getting lucky on this or whether it will actually function as an investment idea, these coins seem pretty stable short term and don't seem to move by much? I knowforex sites list the biggest gainers and losers but I'm not sure if that's just a plot to say you can earn 3% in a day...