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.

Pamadar

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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

Mumbeeptind1963

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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

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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

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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.

electronicash

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if you notice the market today, almost everything is red. its going to be a hostile environment for an experiment like yours specially because you expect the 100% return in a month. its not that simple when all of a sudden the market suddenly the altcoins decides they are overbought. a month of holding a random coin might not be enough for it to bounce back. buying and selling at the right time is a strategy already.

MWesterweele

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Quote from: South Park on February 20, 2020, 10:31:09 AM

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.

It is interesting but I do not think it is a worthwhile strategy, if you want to find some coins that could possibly pump you have no option but to learn more about cryptocurrencies and then read all the white papers you can find and then use fundamental analysis to try to determine if the coin you are studying is undervalued, once all of this factors are in play you could make a small investment in that coin and then wait some months or even a year for the coin to pump, I know this will take time but I do not think there is any other way to make this a success.

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.

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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.

It is interesting but I do not think it is a worthwhile strategy, if you want to find some coins that could possibly pump you have no option but to learn more about cryptocurrencies and then read all the white papers you can find and then use fundamental analysis to try to determine if the coin you are studying is undervalued, once all of this factors are in play you could make a small investment in that coin and then wait some months or even a year for the coin to pump, I know this will take time but I do not think there is any other way to make this a success.

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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.

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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?

I felt such these thing when I was newbie, yeah it was very torment. I my whole day I spent to watch the moving market price of the coin and I was happy when its price was increasing but I never did to sold it because I was greedy, hoping the price is up more then that. And when its price was decreasing I felt bad and I blame myself because I didn't sell it.

Maybe it just because I use money that I can't afford to lose. At that time I tried to loan money to my friend and all of the money I store it on Ripple. But right now I'm aware of it, I never have any decision to loan moneg anymore to buy some coins. I only use money that I can afford to lose and hold some coins for long term investment or depend on the market situation.

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Quote from: Meowth05 on February 18, 2020, 11:21:23 AM

Choosing a random coins to place your investment seems fun besides, it is true that as bull run comes most of the coins will also pump. However, it would be too much risk simply because if you will take a look even if it pumps the volume would still not enough to handle those sells. Therefore, it is still much better if we will place our investment in top ranked coins which could give a high probability of getting a huge profit.

We can think of huge profits only because of the nearly approaching bull runs but have you ever thought what would happen if the markets goes in opposite direction and instead of bull runs, we land up in bearish markets? This would be a major loss for OP then and OP might really need to wait for months or maybe even years to wait to sell those coins in profits. In this situation, OP can also buy some coins which move in opposite direction of some major coins. This might give him a security that at least those coins would experience a pump in a market situation where majority of the coins are experiencing dump.

sana54210

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Quote from: hahay on February 18, 2020, 02:03:36 PM

I think this is a great experiment because even I personally believe when the bull market is very likely that altcoins there will get their own pumps, so this experiment is not wrong because by doing experiments like this also at least we have had a brave decision and a strong mentality. I'm sure you will get a good return later and also, that is a long list that you have picked with a total of 70 altcoins but by only choosing altcoins that already have demand in the market I am sure it will work well for your investment experiments.

We could invest in 20 coins at the same time by diversifying our capital into small parts of 5% each. This is the technique I use to get my hands on some of the potential coins but investing in more than 70 altcoins would need some major capital to start with so that we could start investing approximately 1.5% of our capital into 1 coin. This might give less profits among those 70 coins 20 might not even be affected due to the bull runs and rest 50 might give you profits.

But, it would be good to choose minimum coins to invest so that it becomes easier to manage your portfolio. You surely would not need a hectic work of speculating all those graphs and hence investing in minimum coin can make you focus on profits more closely.

xiver88

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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?

hahay

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I think this is a great experiment because even I personally believe when the bull market is very likely that altcoins there will get their own pumps, so this experiment is not wrong because by doing experiments like this also at least we have had a brave decision and a strong mentality. I'm sure you will get a good return later and also, that is a long list that you have picked with a total of 70 altcoins but by only choosing altcoins that already have demand in the market I am sure it will work well for your investment experiments.

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Quote from: ethereumhunter on February 16, 2020, 04:39:13 AM

Quote from: nicolas1979 on February 16, 2020, 12:42:31 AM

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

I don't know which coin will be pumping next and I don't trust any trading advisors, gurus, twitter stars.

This sentences will make many people disagree with your method but I must say you are brave person. Most of us doing research before pick some coin because everything need basic reason, about profit or not that's relative. As new crypto user I suggest you try to pick any coin but must see history chart, learn it to get better profit in the future. The method is simple and not wasting time, see track record and take it. Another advice is don't use all money just half is enough to test your experiment.

We all don't know which coin will be pumping, and only with research to find the coin that we can do. We can get more signs for the coin that will increase, but we still don't know accurately, which is the coin. I think he can pick one or two coins at the top 20 coin list to research and find more significant to know the coin that can increase. It is not recommended to choose a random coin as an experiment because you will not find a good coin that can grow, and you will get the wrong coin.

Exactly. Choosing a random coins to place your investment seems fun besides, it is true that as bull run comes most of the coins will also pump. However, it would be too much risk simply because if you will take a look even if it pumps the volume would still not enough to handle those sells. Therefore, it is still much better if we will place our investment in top ranked coins which could give a high probability of getting a huge profit.

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This is risky and yet entertaining, I would love to see what will happen after a month of picking a random coin would you please leave us an update to your post so we are able to track down which coin, loss/profit, increase and decrease from time to time.

It's really entertaining to see someone doing an experiment like this even you though you know the risk of losing a big amount of investment by picking a random coin. I've done it before on binance buying some altcoins and holding it for at least a week and after a week I lost -28% of my total investment.

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Quote from: xiver88 on February 18, 2020, 06:34:31 AM

I ended up adding 30 more coins to my initial list, total coins 70. Also, I decided to pick 10 random coins among those 70. Yesterday I entered the position. Surprisingly 2 coins were chosen twice, so I have 8 altcoins: ALGO, NEO, DGD, VET, BAT, XZC, LEND, AION. The game is on, waiting for pumps.

I am afraid that you may wait infinitely with some of the coins. Honestly I never come across most of these coins ever at the same time I am not an expert in altcoin trading but I do watch them since 2014. But, I am curious to see your results because it is about random thing which means I may also try like this as there would be no need of intensive knowledge on altcoins is needed.

Why not you start another experiment for reputed coins? I mean for active short term trading. It seems people are too eager to try leverage trading on bitmex kind of platform and if you show some good tips on where to enter and where to exit then that would be more helpful for them.

xiver88

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I ended up adding 30 more coins to my initial list, total coins 70. Also, I decided to pick 10 random coins among those 70. Yesterday I entered the position. Surprisingly 2 coins were chosen twice, so I have 8 altcoins: ALGO, NEO, DGD, VET, BAT, XZC, LEND, AION. The game is on, waiting for pumps.

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Recent bull runs are actually the reason behind the pump of the coins you mentioned above. These coins might experience some more pump in the coming times as we have not yet ended with the bull runs as this is the start itself. There would be huge price pump for a number of coins in the coming times and I really liked your strategy. You might buy some really potential coins before the bull runs start and you would gain more than 100% ROI in a month if the price started to grow back again.

A small dip might be expected as the markets have started moving in opposite direction which would give you the chance to fill your bags with the coins you would like to invest and then watch your money growing from the bullish trend.

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Quote from: BlackFor3st on February 13, 2020, 07:37:32 AM

What a unique type of investment but I completely agree with your statement, once the bull run is coming almost all the potential altcoins are growing up or most of them are green.

I didn't see any potential altcoins that didn't rise it's price in the last 2 months. But 100% ROI will likely to happen in 2-4 months period if the price will continue to grow and if you will only buy them at this moment so it will be a long term holding.

It is not actually necessary to hold coins for long term to earn 100% ROI but if OP finds some better strategies and ways of trading like margin trading or future trading than I am sure that it might even be possible for OP to earn 100% ROI in just 10 to 15 days.

Cryptocurrencies have a highly volatile markets which makes the prices go much up and down much quickly which opens doors to make profits instantly. This is what makes OP feel like he could earn a better ROI by investing into some major coins which are likely to experience a pump from the bullish signs. If OP is investing in only 1 or 2 coins and expecting 100% ROI in a month than it might not be what would exactly take place. OP would need to diversify investments into several coins which might be in the dip so that the pump can make OP fill profits quickly.

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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.

That was almost true a few years back when the altcoin market was new as each and every coin that gets into the exchanges those days was almost certain of getting pumped at least once because the owners had to cash their money. But, the market is so crowded that this technique of buying small amount of large number of coins does not work anymore.

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

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.

Any guru and so called market analyst are scammers as long as they ask money for their predictions because there is no genuine trader who would share his market knowledge for a few bucks.

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I think this is a bad idea, it will work well if we have a booming market like 2017, when you choose any currency will be profitable,
But the situation is not like that

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Quote from: nicolas1979 on February 16, 2020, 12:42:31 AM

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

I don't know which coin will be pumping next and I don't trust any trading advisors, gurus, twitter stars.

This sentences will make many people disagree with your method but I must say you are brave person. Most of us doing research before pick some coin because everything need basic reason, about profit or not that's relative. As new crypto user I suggest you try to pick any coin but must see history chart, learn it to get better profit in the future. The method is simple and not wasting time, see track record and take it. Another advice is don't use all money just half is enough to test your experiment.

We all don't know which coin will be pumping, and only with research to find the coin that we can do. We can get more signs for the coin that will increase, but we still don't know accurately, which is the coin. I think he can pick one or two coins at the top 20 coin list to research and find more significant to know the coin that can increase. It is not recommended to choose a random coin as an experiment because you will not find a good coin that can grow, and you will get the wrong coin.

fullhdpixel

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Quote from: Yamifoud on February 15, 2020, 01:24:37 AM

Quote from: xiver88 on February 13, 2020, 08:56:20 AM

my_crypto_list = ["ETH", "XRP" "BCH","BSV", "EOS", "LTC", "BNB", "XTZ", "ADA", "TRX", "XMR", "XLM", "LINK", "ETC", "DASH", "NEO", "ALGO", "ATOM", "IOTA", "BAT", "VET", "XEM", "ZEC", "ONT", "HBAR", "QTUM", "FTT", "LSK", "PAX", "RVN", "ZRX", "ICX", "NANO", "WAVES", "OMG", "HOT", "ENJ", "HC", "DOGE", "BTT"]

I have made a list of 40 coins with either high mark cap/ high daily volumes/ or both. I will randomly pick 2-5 coins among these 40. Did I miss anything?

All of them are in the market for many years and showing an impressive market performance last Bullrun. Choosing them randomly still be working good knowing the fact that most of them are rallying still then until today. This may work only during bullish but it could be hard when you are dealing with serious market trade cause for sure many will choose on the top cryptos rather than risking into the bottom one.

Yes this strategy might work if you are an active trader and knows when to buy and when to sell a coin, it has been often case with me that I struggle to find the best time to sell a coin because I see it's going up so I feel like it's gonna pay 200-300 times dividends if I can wait and then as it's price starts dropping I feel like once it will reach it's past maximum I will sell it.

So, if you are someone who knows who to sell and and when to buy alts then the strategy will be worth it to buy some random coins and keep a sharp eye on them as they get pumped.

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I’m not new to crypto and trading. I know charts for the last 3 years very well and remember 2017 pump when nobody could predict such insane growth. Every Altcoin was popping x100 accidentally, just because of euphoria. Now it won’t repeat I guess, but x2 is very real. Even if I do thorough analysis of some coins, some of you will say it’s bullshit, some will support. And both sides will be right, because opinions are different and every single coin can go either side. So I don’t see the point of spending time to do thorough analysis of 40 coins. Instead I predict rise of the market overall and choose randomly among top coins. Hope I’m lucky

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

I don't know which coin will be pumping next and I don't trust any trading advisors, gurus, twitter stars.

This sentences will make many people disagree with your method but I must say you are brave person. Most of us doing research before pick some coin because everything need basic reason, about profit or not that's relative. As new crypto user I suggest you try to pick any coin but must see history chart, learn it to get better profit in the future. The method is simple and not wasting time, see track record and take it. Another advice is don't use all money just half is enough to test your experiment.

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Quote from: mk4 on February 13, 2020, 05:47:43 AM

If your goal here is just to have an experiment for entertainment and curiosity purposes, then great. I'm really interested. I just hope you don't see this "strategy" as an actual trading strategy to actually earn money.

What? For entertainment and curiosity purposes? Am I into gambling board or trading board? This is first time that I am coming across an experiment on trading just for entertainment purposes. Unlike your suggestion, I guess OP sounds like more serious on his "experiments".

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

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.

In simple words, you are about to invest into 2 to 5 altcoins from coinmarketcap listing with 100M marketcap. But, now sure how you are going to achieve 100% ROI within a month. Instead of writing a script to choose coins randomly, write a script to identify a coin which got potential to be bumped in near future.

Quote

The goal is to keep everything as simple as possible.

With random coins, I am afraid you cannot keep things simple. Either you may be enforced to wait for infinite periods or you may need to book losses within a month.

Question123

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Bull run have effect on the different coins because they have altcoins even not potential are risinv the value or not in the rank 50 or up.
Usually I invested some of the coins who are not popular and the price is very low like cents only because if it turn into high price my money will grow very high and Im going to become a millionaire.

Picking a coin needs a good research and discovering the potential because you can know if your money will possible to grow .

During bull run only potential coin increase the value but they still random coins are increasing too.

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Quote from: xiver88 on February 13, 2020, 08:44:14 AM

And yes, I will invest only what I can afford to lose. That's rule #1 for me because crypto is unpredictable.

You should also consider putting your money into popular coins.

I know this is normal but there are some investors that go with newer coins since the chance of getting a high profit is there. Also, it might counter your real objective of picking random investments but still, just to be on the safe side with your capital. Maybe you could pick randomly on these popular or common coins like Bitcoin, Ethereum, XRP, BCH or BSV.

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It's a waste of time and money if you think your experiment would come and handy in the future, then you must not continue to do it. Try another strategy because I'm sure what you have been trying to do has been done already with other people. Don't make the same mistake not unless if you really want to know what will be going to happen to your experiment in the long run.

wozzek23

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Quote from: xiver88 on February 14, 2020, 03:59:03 AM

Wow! I start to love this forum.

Most welcome, you will have a lot to learn about here but please be very cautious when you enter the marketplace area.

Quote from: xiver88 on February 14, 2020, 03:59:03 AM

So many quality answers I didn't expect. I appreciate your knowledge and experience. I know this strategy sounds dumb and risky, but my goal is to keep it simple and not time-consuming.

I understand that but you need to know that the altcoin market is not as liquid and solid as it used to be like an year ago or two. You might want to visit the altcoin announcement section and you will see how many new coins are coming to the scene every day.

Here you go - https://bitcointalk.org/index.php?board=159.0

Quote from: xiver88 on February 14, 2020, 03:59:03 AM

according to this, I was thinking of how to profit without hassle. And the simplest way is to guess but set some rules. I hope it it will work

Best of luck with that but please do little home work before you buy any altcoins.

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Quote from: ikicha on February 14, 2020, 04:32:26 PM

LOL.

This action was a stupid action for me, the risk more than a gamble risk. You should know more than 90-95% a cryptocurrency who got listed at coinmarketcap its shitcoin, based on that your chance was not good. Most of the picker from the script will choice a shitcoin, also marketcap can be manipulation by exchange bot.

Yes, because there are more and more exchanges too and even small exchanges are heavily listing coins just by taking some listing fees. I think this idea of buying all coins might work if you are trading on a reputed exchange like poloniex or binance because as per my estimation they will never add any coin just by taking some money, they might take money but they also do their due diligence.

Let us suppose every 1 coin out of 20 pumps hard and gets to 10 times it's value, now you have to agree that this will result is little or no profits because the other 19 coins are most probably going to be dust very soon. yes if you make some research and buy coins then it might be well worth it!

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Quote from: xiver88 on February 13, 2020, 08:56:20 AM

my_crypto_list = ["ETH", "XRP" "BCH","BSV", "EOS", "LTC", "BNB", "XTZ", "ADA", "TRX", "XMR", "XLM", "LINK", "ETC", "DASH", "NEO", "ALGO", "ATOM", "IOTA", "BAT", "VET", "XEM", "ZEC", "ONT", "HBAR", "QTUM", "FTT", "LSK", "PAX", "RVN", "ZRX", "ICX", "NANO", "WAVES", "OMG", "HOT", "ENJ", "HC", "DOGE", "BTT"]

I have made a list of 40 coins with either high mark cap/ high daily volumes/ or both. I will randomly pick 2-5 coins among these 40. Did I miss anything?

All of them are in the market for many years and showing an impressive market performance last Bullrun. Choosing them randomly still be working good knowing the fact that most of them are rallying still then until today. This may work only during bullish but it could be hard when you are dealing with serious market trade cause for sure many will choose on the top cryptos rather than risking into the bottom one.

ikicha

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LOL.

This action was a stupid action for me, the risk more than a gamble risk. You should know more than 90-95% a cryptocurrency who got listed at coinmarketcap its shitcoin, based on that your chance was not good. Most of the picker from the script will choice a shitcoin, also marketcap can be manipulation by exchange bot.

xiver88

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Wow! I start to love this forum. So many quality answers I didn't expect. I appreciate your knowledge and experience. I know this strategy sounds dumb and risky, but my goal is to keep it simple and not time-consuming. All the coins are down from their ATH around 90% and maybe it's time to recover. Graphs show bull patterns, the market is ready for newbies to enter, institutions already in position and whales are ready to collect profits, halving is near. 2020 is a good year to pump this market. So according to this, I was thinking of how to profit without hassle. And the simplest way is to guess but set some rules. I hope it it will work

mu_enrico

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I've seen many of this experiment in the stock market, and it often outperforms managed funds (lol). However, in the crypto market you should define the pool more carefully since 100m+ market cap might not be sufficient. I mean random picks in stock market arguably safer because all stocks listed on the same exchange and have passed proper due diligence.

Perhaps you should add a few more criteria:
- listed on x primary global market;
- not a stablecoin (obviously); and
- x daily trading volume.

maydna

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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.

I can suggest being careful to choose random coin as an experiment because you don't know which coins that can increase. But you have a good coin at the top 10-20 coin list as that coin has a big chance to grow. I agree that in the investment, we need to determine how long the duration to hold the coin while we can search the other coin for the next investment. You don't have to try to reach a minimum 100% ROI if the coin doesn't have a good movement at the market. But for the top 10-20, I think the coin will have good move so you can expect to make a profit from each coin.

If you want to wait for the pump coming, then you need to ready because the pump can happen anytime so you can place the order sell before the pump is coming. But perhaps, I suggest not waiting for the pump because that will be hard to depend on the pump itself. After all, we don't know how higher the pump will happen.

Jating

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I still vividly remember 2017.

Like every week there are coins that its being pump, and it was like clock-work. But then again, we've already matured so I don't think if this strategy will work. Back then, I've seen coins in the top 10-20 like being pumped every week or so.

You can test it yourself, pick around that ball park top 10-50 and then see how your "experiment" goes.

GreatArkansas

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Quote from: Ucy on February 13, 2020, 08:51:09 AM

Probably better to create bots to earn from the fluctuating price of established cryptocurrencies. This is safer and can earn you consistent profits. You just need to properly set the bot to buy important dips and sell bit by bit as price recovers. You could just leave some amount of coin for long-term increase in price

It's kinds really risky. Using bot and set it on buying dips without any foundstion.
For me, not all in dips will go pump. Which dips are more risky to buy than selling it because if you say dip, it could probably near on horizontal support and could break that horizontal line and continue to go down.
It's not kinda easy though, as what TrevorS said above, bot also can be costy.

TrevorS

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Quote from: Ucy on February 13, 2020, 08:51:09 AM

Probably better to create bots to earn from the fluctuating price of established cryptocurrencies. This is safer and can earn you consistent profits. You just need to properly set the bot to buy important dips and sell bit by bit as price recovers. You could just leave some amount of coin for long-term increase in price

To start, this kind of bot needs to be written, or found. No one in their right mind will sell cheaply these kinds of things.
Indeed, such bots can bring huge profits in automatic mode due to the complete shutdown of the human factor.
However, I have not yet met such products on the market that would have a long positive history of work and would also be cheap.

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Quote from: beerlover on February 13, 2020, 10:37:03 AM

This was done before with the random number generator given to a random number generator website and given the number of 1000, so whenever a number came up, that person bought that coin whatever rank it was, of course ranks constantly changed but he looked it at only during at that time even if it changed later on. Dude made like x5 profit but of course this was during the altcoin boom so I can't really say it will work nowadays.

Just to give an example, if dude did the same exact thing during 2018, he would have lost over 80% probably, which means that people who do stuff like that can make a profit during bull market no matter what since all coins go up, but they will lose like hell on a bear market because all coins drop. It is not about picking the right coin, it is about picking the right time.

Agree!

This kind of experiment would indeed only work on bull market same as you said but not on a bear one.You did really divide the risk yet youve been selecting those random alts
but when majority of them will go to the opposite side then for sure it would wipe out your entire capital or which would leave you hanging or pending yet you would need to wait
again for price increase for breaking it even or else you would end up on cutting losses.Its a matter of trial and error just make it sure that you do able to get out before
situation gets worst or even on taking profit time.

beerlover

legendary

Activity: 3052

Merit: 1188

This was done before with the random number generator given to a random number generator website and given the number of 1000, so whenever a number came up, that person bought that coin whatever rank it was, of course ranks constantly changed but he looked it at only during at that time even if it changed later on. Dude made like x5 profit but of course this was during the altcoin boom so I can't really say it will work nowadays.

Just to give an example, if dude did the same exact thing during 2018, he would have lost over 80% probably, which means that people who do stuff like that can make a profit during bull market no matter what since all coins go up, but they will lose like hell on a bear market because all coins drop. It is not about picking the right coin, it is about picking the right time.

webtricks

legendary

Activity: 1918

Merit: 1728

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.

I don't know how this strategy gonna help you earn more. At the end of the day you are just choosing coins on the basis of random selection. No doubt, during bull market most of the coins with large market cap have discrete rallies but it is not possible to identify them and make benefit of them by simply picking coins randomly and investing in them for specific period.

You need another variable so to make choice of coin a bit more organized. I will give you an example, you can think of something similar: Why not add another variable Z which is the number of times a coin has been mentioned on Twitter. For example, Zb i.e. number of times #Bitcoin or $BTC mentioned on Twitter is 5K whereas Ze i.e. number of times #Ethereum or $ETH being mentioned on twitter is 3K during last hour. Now if Zb rises by 50% in next hour, it shows that people have started talking more about Bitcoin on twitter which maybe due to sudden price rise.

You can make bot to shift investment into that coin as it may indicate the upcoming rally. Well this was just a random suggestion, you can think of something more accurate. I just trying to make point that choosing random coins will do more evil than good.

mersal

member

Activity: 1204

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Better pick the trending coin over any random coin to increase the chance of getting reaps for your investment.You can visit coin market cap to kniw highest price bump for lasy seven days the pick the coin with more trading volume and total market cap.

xiver88

jr. member

Activity: 54

Merit: 14

my_crypto_list = ["ETH", "XRP" "BCH","BSV", "EOS", "LTC", "BNB", "XTZ", "ADA", "TRX", "XMR", "XLM", "LINK", "ETC", "DASH", "NEO", "ALGO", "ATOM", "IOTA", "BAT", "VET", "XEM", "ZEC", "ONT", "HBAR", "QTUM", "FTT", "LSK", "PAX", "RVN", "ZRX", "ICX", "NANO", "WAVES", "OMG", "HOT", "ENJ", "HC", "DOGE", "BTT"]

I have made a list of 40 coins with either high mark cap/ high daily volumes/ or both. I will randomly pick 2-5 coins among these 40. Did I miss anything?

Ucy

sr. member

Activity: 2674

Merit: 403

Compare rates on different exchanges & swap.

Probably better to create bots to earn from the fluctuating price of established cryptocurrencies. This is safer and can earn you consistent profits. You just need to properly set the bot to buy important dips and sell bit by bit as price recovers. You could just leave some amount of coin for long-term increase in price

stomachgrowls

hero member

Activity: 3010

Merit: 794

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.

You might able to see the common way on how price do moves and yes it can pump unexpectedly.If you can able to profit into your own experimental system then go ahead.

Good thing that you do realize that gurus,professional traders are just a total shit or waste of time.Just put on mind that you shouldnt strive or force to hit goals like
100% in a matter of 1 month yet this had been always unpredictable neither achievable or not on said duration.

Just always mind and be strict on following risk management.

xiver88

jr. member

Activity: 54

Merit: 14

Thank you guys for replying. Got 2 strong opinions to consider: 2017 bull run not gonna happen again and alternative to mark cap is daily volumes. That's really useful to rethink some points. I will probably decrease expectations from ROI to somewhere between 20-80%. And will think about the criteria for choosing coins on my list. And yes, I will invest only what I can afford to lose. That's rule #1 for me because crypto is unpredictable.

avikz

legendary

Activity: 3080

Merit: 1500

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.

I appreciate any improvements and advice on my strategy.

I appreciate your courage mate! Please remember the golder rule of crypto trading - never invest anything that you can afford to loose! I hope you have kept a small budget for this experiment because it sounds really very risky!

As per the current coinmarketcap data, it seems like you will have around 70 coins to choose from so it will be a big gamble because market cap data is often deceiving. I will rather suggest you to use daily volume. If you choose among coins with 100 million daily volume, it will narrow down to 40 coins only. It will reduce the risk factor drastically down. Think wisely!

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

Quote from: xiver88 on February 13, 2020, 07:01:37 AM

The thing is I do see it as an actual trading/investment strategy. I just realized that this method totally satisfies me, as I don't want to fall in the stress of checking every news, graph, twit. I relly on assumption that simplest way to make profits in this market right now just guess. But conditions should be worked thoroughly. That's why I ask for some advice. Maybe budget allocation should be changed, or duration. I don't know yet, but hope someone has experience and ideas to share.

Then I'm sorry but it's simply bound to fail. If it was that easy to pick the right coins to profit on, then majority would be doing really well, which is obviously not the case. For this to work, you'd need a similar altcoin bull run as big as what we had in 2017, which is quite unlikely to happen again in my opinion. People are ever so slightly smarter now even though some of the useless and scam coins are still at the top 20.

BlackFor3st

hero member

Activity: 1932

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Betking.io - Best Bitcoin Casino

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.

What a unique type of investment but I completely agree with your statement, once the bull run is coming almost all the potential altcoins are growing up or most of them are green.

I didn't see any potential altcoins that didn't rise it's price in the last 2 months. But 100% ROI will likely to happen in 2-4 months period if the price will continue to grow and if you will only buy them at this moment so it will be a long term holding.

GreatArkansas

legendary

Activity: 2506

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Extremely risky!
As what @Dsrt18 said.
2017 will not happen anymore for me, it's really difficult for this hear or upcoming years since last 2017 was the ICO FEVER, most of the altcoins before are based and under on ethereum.
And look most of altcoins now from 2017 parabolic run, still 50 % - 99% down.
Random picks without any fundamental/technical analysis is like playing on loterry.
Much better if you do that on top 1-50 highest market caps, much less risk for sure.

xiver88

jr. member

Activity: 54

Merit: 14

Quote from: mk4 on February 13, 2020, 05:47:43 AM

If your goal here is just to have an experiment for entertainment and curiosity purposes, then great. I'm really interested. I just hope you don't see this "strategy" as an actual trading strategy to actually earn money.

The thing is I do see it as an actual trading/investment strategy. I just realized that this method totally satisfies me, as I don't want to fall in the stress of checking every news, graph, twit. I relly on assumption that simplest way to make profits in this market right now just guess. But conditions should be worked thoroughly. That's why I ask for some advice. Maybe budget allocation should be changed, or duration. I don't know yet, but hope someone has experience and ideas to share.

Dart18

sr. member

Activity: 1400

Merit: 259

It looks more like short term investing.
I see less profits here or worse there could be none and you lose more.

Random?
C'mon. In year 2017, that could have worked. But now? No way.
This era is more like just dumping the altcoins and going for stable coins. That is why all my altcoins are still rotting in a big old wallet. Different wallets actually. Grin

mk4

legendary

Activity: 2870

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Paldo.io 🤖

If your goal here is just to have an experiment for entertainment and curiosity purposes, then great. I'm really interested. I just hope you don't see this "strategy" as an actual trading strategy to actually earn money.

xiver88

jr. member

Activity: 54

Merit: 14

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.

Topic: Random coin picks experiment (Read 810 times)