LEAP OF FAITH, Should I try it? | Bitcointalksearch.org

jjacob

legendary

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Quote from: changeinmanagement? on June 14, 2017, 10:08:53 AM

I was thinking of putting a few hundred dollars down on one altcoin today such as monero or ethereum and wait for it to go up a little bit then when it shows it's going to go down I will put it all in another altcoin which shows a little bit of a spike and once that starts to look like it's going to go down do the same to another altcoin and repeat the process.

It's incredibly risky but I wanted to test it out and see what happens. Should I?

If you can afford to lose the few hundred dollars, you can do it. The problem is knowing when to stop. If you invest at the wrong time in an alt, you can get wiped out.
It is somewhat like parlay betting. You need to get a series of bets right, but the rewards can be great.

shuramaya

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Quote from: changeinmanagement? on June 14, 2017, 10:08:53 AM

I was thinking of putting a few hundred dollars down on one altcoin today such as monero or ethereum and wait for it to go up a little bit then when it shows it's going to go down I will put it all in another altcoin which shows a little bit of a spike and once that starts to look like it's going to go down do the same to another altcoin and repeat the process.

It's incredibly risky but I wanted to test it out and see what happens. Should I?

if only faith you have, i think that's a gambling you will do
if you have data to support your decision, that's a trade you will do

but, for me diversification is important, altough with valid information error could occur sometime
we can not make sure something that will happen in the near or far future

we just ride with the flow and do something

i dont know what i'm typing btw Grin

FlamingFingers

sr. member

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I don't know why you would head for a high-priced alternative coin like ETH or XMR. I mean investing a few hundreds of dollars in a coin which is priced at $300+ won't move you anywhere. If you want to take a 'leap of faith,' take it in a coin that has a potential of rising in the next month/year — a coin that is priced at 100-1000 satoshis with a low marketcap (something like XBY or SC). This would make your leap worth it.

webtricks

legendary

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Quote from: changeinmanagement? on June 14, 2017, 10:08:53 AM

I was thinking of putting a few hundred dollars down on one altcoin today such as monero or ethereum and wait for it to go up a little bit then when it shows it's going to go down I will put it all in another altcoin which shows a little bit of a spike and once that starts to look like it's going to go down do the same to another altcoin and repeat the process.

It's incredibly risky but I wanted to test it out and see what happens. Should I?

Trading is optimistic activity and your plan is completely pessimistic. I think you won't able to make any big if go through this route.
Best thing that work in case of trading is patience. I bought some units of Ripple last year, it fell drastically but I didn't sell as it was making me in loss and that's not for which I invested. I waited for 7-8 months and sold Ripple this year when it rose by 900%.

thompshma

sr. member

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You've got the general idea, there's no time like the present.

changeinmanagement?

newbie

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I was thinking of putting a few hundred dollars down on one altcoin today such as monero or ethereum and wait for it to go up a little bit then when it shows it's going to go down I will put it all in another altcoin which shows a little bit of a spike and once that starts to look like it's going to go down do the same to another altcoin and repeat the process.

It's incredibly risky but I wanted to test it out and see what happens. Should I?

Topic: LEAP OF FAITH, Should I try it? (Read 331 times)