Random coin picks experiment | Bitcointalksearch.org

Viscore

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Quote from: desticy on March 30, 2020, 06:05:36 PM

Quote from: xiver88 on February 19, 2020, 06:27:42 AM

The hardest thing about holding my position is mental dependence on price checking. I wish I could avoid that. 8 coins are always on my mind and I keep checking them the whole day. First thing when I wake up - I do checking. It's exhausting. I don't know why I keep doing it, but it's a kind of a bad habit now. I need to find way to forget about those coins and continue to live a normal life. Holding in bitcoin wasn't so energy-consuming though. How do you guys overcome such mental state? Any advice?

This is silly to do. If you invested in some asset, then you probably had a certain goal - to earn.
Why every time you check where the price goes for an asset, it will not give you anything.

For example, the price of an asset has increased by 10%; will you sell an asset?
I do not think only if this is your original goal. In this case, you can set mentions and notifications that the price has risen or dropped to a certain volume.

Checking the price from time to time is a bad idea, you are just killing your self doing that as the price is volatile, it could move a lot of times even in a single day. For long term holders, they should focus more on the news and the announcement coming from the team rather than monitoring the price since price can be manipulation but you'll know how the price should react based on the news you read.

desticy

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Quote from: xiver88 on February 19, 2020, 06:27:42 AM

The hardest thing about holding my position is mental dependence on price checking. I wish I could avoid that. 8 coins are always on my mind and I keep checking them the whole day. First thing when I wake up - I do checking. It's exhausting. I don't know why I keep doing it, but it's a kind of a bad habit now. I need to find way to forget about those coins and continue to live a normal life. Holding in bitcoin wasn't so energy-consuming though. How do you guys overcome such mental state? Any advice?

This is silly to do. If you invested in some asset, then you probably had a certain goal - to earn.
Why every time you check where the price goes for an asset, it will not give you anything.

For example, the price of an asset has increased by 10%; will you sell an asset?
I do not think only if this is your original goal. In this case, you can set mentions and notifications that the price has risen or dropped to a certain volume.

htsy585

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Quote from: xiver88 on February 13, 2020, 03:49:01 AM

In the bull market, any altcoin can pump anytime. It happens all the time. Look at recent pumps of BSV, HBAR, XVG etc. No matter what factors lie behind these pumps it happens.

I don't know which coin will be pumping next and I don't trust any trading advisors, gurus, twitter stars. So I came up with a simple solution that satisfies me for now, but I need some advice to improve it.

It will be round by round investments. Each round has own duration and profit goals. For now, I think about max 1 month and min 100% ROI. I wrote a script for choosing random coins (X) from the list of coins with mark cap >= 100m (Y). X is planned to be somewhere between 2 and 5 coins. I plan to distribute the budget evenly. The goal is to keep everything as simple as possible.

I appreciate any improvements and advice on my strategy.

Your assumption is totally correct, during the bull market virtually every coin do seems to be increasing in value and this is the perfect time to fill the bag but how are you sure that these coins will be able to pass the test of time that the cryptocurrency market is about to venture into. The guenuity of most altcoins will be tested and only a few will survive the storm, i hope the storm will end earlier than we expect

xiver88

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Quote from: TrevorS on March 12, 2020, 01:01:54 PM

I would like to see the intermediate results of your experiment. More precisely, I wonder how efficiently your algorithm works, namely the selection of coins.
If you are still following this thread, then I ask you to give feedback or send me a personal message. Thanks.

Hi. I have closed 2 positions with average profit of 35% - AlGO/BTC (double) and AION/BTC 15 days ago. Now 6 positions are open:
VET/BTC -32%
LEND/BTC +11%
BAT/BTC (double pick) -11%
XZC/BTC -18%
NEO/BTC -20%
DGD/BTC -2%

So my total portfolio is -7.7% now.

I have take profit order on LEND/BTC, trying to make +30% on it.

Also, I plan to close BAT and DGD position soon.

Rest coins, I don't know yet. Maybe I will take a loss and close them until March 17.

TrevorS

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I would like to see the intermediate results of your experiment. More precisely, I wonder how efficiently your algorithm works, namely the selection of coins.
If you are still following this thread, then I ask you to give feedback or send me a personal message. Thanks.

Stedsm

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Quote from: HatakeKakashi on March 02, 2020, 02:17:52 AM

People can freely choose what ever they want to pick , I have coin who are not potential to me but during the bull run the price of it start increasing too and sometimes that coins gives more profit because the value rise very high.

Mosy of the coins in bullish market are increasing so if the bull run happen again for sure many profit we get in that .

Why to go for random coins when you know that the market is bad and is in red from the past few days? Why not wait for some more days and let the markets show some signs of positive returns as well as even in this market, just look out for some notable projects instead of putting your money into just-another-random shitcoin just because your fingers are itching enough to make you do that?

travwill

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Quote from: HatakeKakashi on March 02, 2020, 02:17:52 AM

People can freely choose what ever they want to pick , I have coin who are not potential to me but during the bull run the price of it start increasing too and sometimes that coins gives more profit because the value rise very high.

Mosy of the coins in bullish market are increasing so if the bull run happen again for sure many profit we get in that .

This is only possible if altcoins behave exactly as they did during the last bull race.
Personally, I strongly doubt that they will repeat this behavior, in view of all the changes that we can now observe in the cryptocurrency market.
Rather, individual alternative coins will take the lead, while the rest will stand still.

coinfinger

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Yeah and my advice would be to drop the 100 million market cap to 10 million because there are very few coins that are above 100 million market cap right now whereas when you lower that to 10 million you will get a lot more of them into the calculation. Plus when you lower it like that you get a lot more volatile coins as well which could end up with a lot more profits too.

If you could do 10 coins like said before and do 10 million+ that would actually become something very dangerous (maybe) but also something a lot more fun for us to watch as well and I would personally watch it closely to see how it does. I wanted to something similar but I didn't had the courage to do it like that so I just settled with trustworthy top 10's instead for my portfolio.

bearexin

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Quote from: xiver88 on February 13, 2020, 03:49:01 AM

It will be round by round investments. Each round has own duration and profit goals. For now, I think about max 1 month and min 100% ROI. I wrote a script for choosing random coins (X) from the list of coins with mark cap >= 100m (Y). X is planned to be somewhere between 2 and 5 coins. I plan to distribute the budget evenly. The goal is to keep everything as simple as possible.

My only advice would be if you can increase the amount of coins you buy per round which you have indicated with X and if possible reduce the ROI to 50% maybe.

The reason I have suggested the following changes is because the more number of coins will give you flexibility in case all the coins you buy don't do well you will at least have better chances of succeeding while the lower amount of return on investment will help you make sure more coins will give profit while you settle for lower profits but at least more coins are expected to give profits. It's similar to having more cow that gives milk rather than having a few big cows that you rely on giving them massive dividends. Sorry for bad example Grin

.

wozzek23

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Quote from: pawanjain on February 27, 2020, 10:18:57 AM

There is no definite trading strategy here and you are just investing randomly and hoping to get good returns.
This might work 1 or 2 times but it's guaranteed to lose the next time. So consider rethinking about this right now.

Not really because if you on average look at coins in the market you will notice that at least 1 of the 5 coins will rise and the other 4 will not become dust immediately and will at least yield small loss only. I mean yes the market is very unstable in terms of alts but if you just do little due diligence then you can make fine profits and yes some bad rounds will always happen.

By the way looking at your disappointment in your post it seems like you never had good trading memories.

Quote from: xiver88 on February 27, 2020, 04:26:17 AM

The market is bleeding. My portfolio went down to 10-15%. Such a sudden drop. I have 19 days to wait. Hopefully, each coin will pump in this period so I can close my positions and prepare for the next round.

That is one problem I see with alt coins because when a altcoin which is not so significant in market drops down it usually just keeps dropping lower and lower, I don't know what the reason is but I have hardly seen coins that drop below expected price and then raise back to unexpected prices.

barbara44

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Quote from: Viscore on March 03, 2020, 11:36:04 AM

Be careful with your strategy, you seem to be treating trading like you are gambling, betting on low odds with high return.
I know it happened in the past during the bull run where even shit coins pump, but there is no guarantee it will repeat, so better be ready with the result.

Besides, that's how it is here in crypto, big risk = big reward, so good luck.

In the past markets there were not these immense coins dominating the markets. There were few selected coins which were sure to experience a pump in those bull runs but in the current market situations, we can see a number of coins have the potential to experience huge pump in the coming bull runs but most of them might even fail and might run in the opposite direction which is somehow similar to gambling.

We would never be assured fixed profits in terms of trading with cryptocurrencies and hence each and every one of us should use advanced strategies if ever we perform any such experiment to invest in some random coins.

ufaiz50

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For me personally this looks risky, but it's quite interesting if done. there are rarely those who choose coins randomly, because it is very likely that they will only suffer losses with the current high market manipulation conditions.

We see, what if the random coin only applies to coins that have price: volume (1: 5000) is only to minimize the choice of low-survive coin or dead coin.

sana54210

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Quote from: Stedsm on March 03, 2020, 12:58:56 PM

Are you also going to invest into those coins already pumped during this immature altcoin season? Let's take an example out of the ones you described, like HBAR or take a coin which is already 2-3 times up from its lowest, are you going to buy it if your script delivers those coins in the list?

Considering graphs of HBAR it can grow in the bull runs so perhaps it might be included in the list but perhaps it is late to enter those similar markets as the dip is already passed and now we might soon land up on the next peak of the year.

No guesses over here but some of those similar coins have the potential to grow up in the markets and randomly picking some of those coins can be good for long term if the coins picked randomly are also separated after making immense research. This might be a good source of investment as it might give us high yield and I think this might even be much beneficial on yearly basis to maintain a fixed deposit for yearly intervals.

ice098

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Quote from: Viscore on March 03, 2020, 11:36:04 AM

Be careful with your strategy, you seem to be treating trading like you are gambling, betting on low odds with high return.
I know it happened in the past during the bull run where even shit coins pump, but there is no guarantee it will repeat, so better be ready with the result.

Besides, that's how it is here in crypto, big risk = big reward, so good luck.

Cryptocurrency has no definite assurance on which asset that could bring us wealth in the future. Risk is always a part of success, and if we're going to survive on that challenge it's always an amazing to see your holdings reaching a profitable value. Even the smaller ones, has its potential growth as long as community is always active on its development.

Baoo

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Quote from: Viscore on March 03, 2020, 11:36:04 AM

Besides, that's how it is here in crypto, big risk = big reward, so good luck.

But taking the risk without a strategy is not a good option. it is better to stay from the trash altcoins and their fake charts, they always want to attract traders through pumping their coins when Bitcoin in a crisis, I really advise the traders to take the risk on some coins who has a good potentials, try to pick the ones who existed on TOP 20 or even 30 like, Tron, Cardano..ect

Stedsm

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Are you also going to invest into those coins already pumped during this immature altcoin season? Let's take an example out of the ones you described, like HBAR or take a coin which is already 2-3 times up from its lowest, are you going to buy it if your script delivers those coins in the list?

isaac_clarke22

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It's kinda okay of a strategy, OP and now you're saying that you're not gonna depend on merely speculations and thoughts of people from twitter, but still treading way too far in random coins would pose a lot of risk for ya. I put a specific delimitation or boundary to where the randomness of my thoughts to invest at circulates, not like I invested truly in those coins. I am just having plans for it yet. Cheesy

Anyways, I can't still recommend you any coin since it is pretty much the same that the other people pick. I would be looking forward from your update to this though.

Viscore

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Live with peace and enjoy life!

Be careful with your strategy, you seem to be treating trading like you are gambling, betting on low odds with high return.
I know it happened in the past during the bull run where even shit coins pump, but there is no guarantee it will repeat, so better be ready with the result.

Besides, that's how it is here in crypto, big risk = big reward, so good luck.

dunfida

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Quote from: Pamadar on March 03, 2020, 04:40:49 AM

Quote from: xiver88 on March 03, 2020, 03:45:17 AM

Also "price checking" tick is gone. I realized it's only hitting hard at the beginning of your portfolio creation. Now, I check only once per 2 days. So I'm not worried anymore, just patiently waiting for the right time to sell each coin. I even enjoy it all. I feel that I made the right decision.

Once you are already confidence with each position that you choose, you'll be calm waiting for the right time to sell your assets as you are anticipating that it will be move according to your target value, sometimes it won't go accordingly but again it will depend on how confident and willing you are to wait.
From time to time of doing it you'll be able to enhance your strategy and adjust according to how your selected coins are moving.

Confidence wont really be enough if you didnt able to choose the best coins in the market.Trying to experiment on random? then go for known ones
rather than taking a short to those low cap which we know that it do have less chances on being pumped.

It isnt bad to experiment but you should be ready to face up more risk on choosing several coins but also it do increase the chance on making money if all
of those selections do able to increase.

bitbunnny

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Well, I don't know how else could strategy with altcoins eve function in different way.
There are so many worthless and useless coins in the market so it's not very important which method you use to make the selection, it's usually a waist of time and money anyway. I mean you can check their current value and make a pick based on that but on the other side that is not guarantee you will make a good choice.

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