Random coin picks experiment - page 2.

Pamadar

legendary

Activity: 2982

Merit: 1028

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.

pooya87

legendary

Activity: 3472

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actually shitcoins are pumping all the time every day. in fact during bitcoin bull markets they may get less pumped since the money always travels back to bitcoin market during those times when bitcoin price is making a major move.

the trick to making profit is not randomly buying different shitcoins and making profit from your luck. the trick is to buy them WHEN they are STARTING to pump and the DUMP them AS SOON AS the pump was near the end or you reached your profit target. for example when you see a pump build up with higher volumes and some price rise you can jump in that shitcoin and then keep an eye out for the signs of dump which start as slow down in the rise, reaching resistance and a big drop in buying volume.

xiver88

jr. member

Activity: 54

Merit: 14

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.

xiver88

jr. member

Activity: 54

Merit: 14

Quote from: South Park on February 28, 2020, 12:17:02 PM

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.

How are you currently doing? You have posted that you have been obtaining profits with your investments but I suppose the last days have been harsh since the market has been crashing at a very fast speed, are you still applying the same strategy? From your original post you seemed to want to apply this strategy because we were in a bull market or at least we were experiencing a positive movement but now it is clear the correction we are experiencing is real, will you change your strategy?

I'm doing alright, my portfolio recovered a little bit, but still, overall it's about 5% down. I have 6 coins left in my portfolio: VET, LEND, double BAT, XZC, NEO, DGD (only one that is green now). I will try to close my positions until March 17 (1 month from the initial investment date). I still wait for the pump and still believe that in 2020 it will happen.

Sadlife

sr. member

Activity: 1400

Merit: 269

I wish i have the money to try this, but this experiment seems to be much risky and prone with holes. What if those random coins are shitcoins that has the same whitepaper as popular coins out there, basically a copy paste idea.
So wouldn't it be best to find and select random altcoins base on there trade volume ?

HatakeKakashi

hero member

Activity: 1274

Merit: 513

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 .

TheGreatPython

sr. member

Activity: 2660

Merit: 339

100% ROI?

You just said that like that’s how it works.You don’t even know how it’s going to turn out, so how do you just go straight and say that it’s going to be what you have said? I will advise you that before you choose any coin you should make sure that you do proper research, you don’t just randomly choose any coin and start investing.

Having 100 million market cap doesn’t automatically sign it that a coin will make you profit in a month. It might be that around the time you’re buying that coin would be when it’s about to crash for quite a long and once you do, at the end of the month you will be at loss.

South Park

hero member

Activity: 2884

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I am terrible at Fantasy Football!!!

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.

How are you currently doing? You have posted that you have been obtaining profits with your investments but I suppose the last days have been harsh since the market has been crashing at a very fast speed, are you still applying the same strategy? From your original post you seemed to want to apply this strategy because we were in a bull market or at least we were experiencing a positive movement but now it is clear the correction we are experiencing is real, will you change your strategy?

pawanjain

hero member

Activity: 2702

Merit: 716

Nothing lasts forever

I will just say that you are gonna be wasting your time and money by doing this experiment.
If it's just a one time thing then may be you can proceed with the experiment but if your goal is to carry this on for a long term then may be you should stop this right now.
If the goal is to earn money which I think it is since your ROI is 100% then you should stop wasting your money.
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.

xiver88

jr. member

Activity: 54

Merit: 14

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.

Quidat

hero member

Activity: 2688

Merit: 540

DGbet.fun - Crypto Sportsbook

Quote from: Irvinn on February 26, 2020, 01:57:54 PM

The random choice of coins for trading for me personally is directly related to my first period of studying trading and the beginning of trading activity in the cryptocurrency market. The fact is that most of the coins I earned with the help of an air drop and the Bounty companies and in order not to sell all these coins, I decided to use them for trading in order to earn as much as possible and get a good starting capital for further activities. That is why I had a large set of different coins that did not even have a very good rating.

Coins that are being gained through airdrop or bounty would really have that advantage yet you havent thrown up some cash to buy it out but the question is, those coins
do have market value for you to trade on? Only a few would able to make it to be listed on an exchange so it do talks about case to case basis.

No matter what coin you've been dealing with even if its being selected randomly then be sure to accept the risk on losing money yet we know the differences if we do deal
up with coins which are on top rankings.We do foresee the profiting probability yet even a simple investor or trader will able to spot it out.

Irvinn

full member

Activity: 966

Merit: 104

The random choice of coins for trading for me personally is directly related to my first period of studying trading and the beginning of trading activity in the cryptocurrency market. The fact is that most of the coins I earned with the help of an air drop and the Bounty companies and in order not to sell all these coins, I decided to use them for trading in order to earn as much as possible and get a good starting capital for further activities. That is why I had a large set of different coins that did not even have a very good rating.

Quidat

hero member

Activity: 2688

Merit: 540

DGbet.fun - Crypto Sportsbook

Quote from: ScamViruS on February 24, 2020, 02:53:59 PM

Random coins don't seem like a good idea. There is a high risk here. In my opinion the top coins are good. Because the top coins can give you profit. I have been face big loss in the past by buying random coins. Then I realized what I had done wrong. So you should not waste time and money experimenting with random coins. If you think your experiment will produce good results in the future, then go ahead.

It will just depend on risk management and if he can able to gamble up then its his choice yet its his own money btw and experimenting something will really give out results which we might
anticipate or not. Results would be known in the end of the road and if you do realize that you arent profiting or losing money then thats the time we would completely stop and find for another
experiment thing.All things is just having that trial and error because we wont know if it would work or not if we dont try it.I dont see anything wrong with this one though yet
its our money after all.

Kelvinid

sr. member

Activity: 2828

Merit: 344

win lambo...

And it sounds like it won't work for us.
I'm a risk-taker but I'm not a kind of that person who takes risk without having any assurance of returns. That kind of experiment will closely be putting to our ends and just losing our funds. If we only have a random choice of coins among the top 10 coins in the market maybe it will work but if we considering picking up among the listed altcoins in the market...I'm out from that.

This kind of investment couldn't be in a great deal if we only just having an experiment. It could be of some excuse if you have already a lot of money in which you not afraid of losing it but for me (us) that have of limited resources, we must have to play it safe.

ScamViruS

hero member

Activity: 1876

Merit: 721

Top Crypto Casino

Random coins don't seem like a good idea. There is a high risk here. In my opinion the top coins are good. Because the top coins can give you profit. I have been face big loss in the past by buying random coins. Then I realized what I had done wrong. So you should not waste time and money experimenting with random coins. If you think your experiment will produce good results in the future, then go ahead.

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: MWesterweele on February 20, 2020, 11:09:43 AM

For me its a way to know if the coin you pick is worth it but I think its wasting of money, ts better to pick a popular coin than random coin because in the end popular coin can give you profit while random coin you can't sure if possible to rise. But still its depend up on you if you want to know some random coin can possible to pump or stick to those popular coins.

It is not a waste of money, it is obvious that investing in the most popular coins is safer but the profits you can get from new projects are superior since it is way easier for those coins to pump, the key is how you select those coins, I have no problem admitting I do not really have the talent to do that and as such I stay away from that and like you suggest I only invest in the most popular coins but it will be a mistake to not admit there is the possibility to make a lot of money with those coins if you have the ability to select the right one.

xiver88

jr. member

Activity: 54

Merit: 14

Closed another position - AION. Took a 40% profit. All my coins are in pair with BTC, not USDT

Mumbeeptind1963

hero member

Activity: 1190

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Sovryn - Brings DeFi to Bitcoin

Quote from: xiver88 on February 20, 2020, 01:00:10 PM

Decided to take profit on ALGO. Sold with 30% profit. It was one of two coins which was picked twice. So first one gone.

Before you pick some random coin you shoild know if the market is not dumping because if not your experiment become worthless and if you want to succeed your experiment then pick coin that have value or can give you profit. Dont waste your time to picks some random coin because your effort become useless and at the same time wasting of money once you get a coin from rsndom pick then in the end its no value.

xiver88

jr. member

Activity: 54

Merit: 14

Decided to take profit on ALGO. Sold with 30% profit. It was one of two coins which was picked twice. So first one gone.

matchi2011

sr. member

Activity: 1456

Merit: 267

Buy $BGL before it's too late!

Quote from: mbakruroh on February 20, 2020, 09:37:41 AM

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

The goal is to keep everything as simple as possible.

Picks random coin is not good plan, maybe you'll say more simple than I must doing research just take it and leave. But depend your post it just experiment, really brave person. No more debate you want get experience I'll let you go but for me, take several popular coin for experiment is more profitable because already have volume and reputation.

If you are interested to see more chances of success then buying known projects are much better. But likewise, it's an experiment and no one can assured that it will not success there's no security from each projects that being offered from this industry. Both luck and your willingness to take the risk can bring you good benefits.

Topic: Random coin picks experiment - page 2. (Read 809 times)