Social experiment (Holy Grail 15 alt coins to a $ million club)

Mpamaegbu

legendary

Activity: 2716

Merit: 1225

Once a man, twice a child!

Quote from: JeffBrad12 on October 02, 2021, 11:54:31 AM

A few months already passed and how do you feel with your current portfolios on https://coinmarketcap.com/currencies/splyt/ OP, you didn't even get profit but you're losing more than 30% of your total investment.

That goes a long way to show how speculative this industry is. OP might've given their suggestion in good faith, believing it would work out fine. But then life happens and the token – Splyt, is dipping. That however doesn't mean it's a shitcoin or a bad investment.

I think it's better to go the IDO way if OP is going to suggest an easy way to making great ROI. Nevertheless, getting in on IDO will mean getting on a launchpad and most launchpads aren't that cheap to get on because of the staking requirements. Invariably, you now see that there isn't any way out anywhere. Slow and steady win the race.

RussianEnglishTranslation

jr. member

Activity: 840

Merit: 6

Quote from: fundacoin on July 27, 2021, 11:17:26 AM

Altcoin trading is very popular right now, helping many people become millionaires.

Do you anticipate joining the millionaire’s club?

Sometimes we need to think outside the box and try a method which no one is really talking about but is quite simple and can be started with $100

Most traders are looking for a 5x 10x and 100x but some of the bigger Xs are quiet rare and takes a lot of luck and patience to achieve .

An alternative method is called doubling up and using compounding to reach $1 million which would take investment in 15 altcoins as soon as the coin doubles sell immediately then move to the next coin

1 alt coin $100
2 alt coin $200
3 alt coin $400
4 alt coin $800
5 altcoin $1600
6 altcoin $3200
7 alt coin $6400
8 altcoin $12800
9 alt coin $25600
10 alt coin $51200
11alt coins $102400
12 alt coin $204800
13 alt coin $409600
14 alt coin $819200
15 alt coin $1,638400 millionaire status Grin

To test out weather this is a viable exercise just leave your recommendation here and which coin to start with
and we can keep track here in this tread on the progress to see how long this trip would take

my first pick is

Splyt (SHOPX)
$0.161226
https://www.splytcore.org/

which is attempting to bring NFTs into the global supply chain,
and attempting to expand the use-case of the nascent sector.

I'm going to stop you right here and tell you that this is a bad idea. At any step along the way you can swap into a coin/token that doesn't double. Stop gambling with your money and invest in projects that are a sure thing, like XRP, XLM, NEAR, and REF. That said, if gambling is your thing, then try 0xMR and mixercasino dot com. Your choice mate.

GubiMixa1292

member

Activity: 139

Merit: 10

I am sure that investing in shicoin is the biggest mistake, it's like a gambling game and the risk is very high. field is a full variable if we all don't know selective investment then eventually. all will be lost. Investment is a long-term thing, but shitcoin is only for short-term investment or be careful with attractive investment offers with very high returns, you can fall prey to scam projects, especially shitcoin project.

Jackl87

sr. member

Activity: 1722

Merit: 269

I don't think that the trading Strategie that you mentioned is viable. I mean you can not just assume, that each and every of your 15 investments does a x2. The truth is that probably 5 out of your 15 picks would probably underperform and 1 or two of them could even be a rug pull or some other type of scam and therefore all of your money would be lost even if the doubling up worked a few times before that. Also if you always immediately sell, once you reach a x2 you miss out on a potential x10 or more.

bitcon

legendary

Activity: 2212

Merit: 1008

I don't know how you are going to guess which coin will give you the next 2X. I see that if you want to use this strategy you are to invest mostly in new cheap coins, as old ones are either very expensive now (if there is a popular project under it) or they are moving in descending triangle (which is a bearish pattern), so every new high will be lower than previous, I have seen that many times.

Dave1

hero member

Activity: 1414

Merit: 542

Investing on altcoin with that kind of model smells like a total failure, in my opinion.

Huge risk is involved, and you don't know maybe in the 4th or 5th step, the coins you chooses suddenly goes down hard due to certain factor. And the thing is, the OP didn't even go to his 2nd path, as obviously, you guys pointed out the shitcoin that he invested in the beginning.

So we can say that it's really hard to reach that $million club with small investments as you need to be extremely "lucky" to found a project that will give you that much money in return.

Review Master

sr. member

Activity: 1428

Merit: 275

BitByte Crypto: https://link3.to/bitbytecrypto

Quote from: JeffBrad12 on October 02, 2021, 11:54:31 AM

Calling garbage coin as a potential coin and are you joking about that? he doesn't even get profit from his investment. he was losing from his entry position. This coin has small liquidity. That means if this coin has less demand too.
I think that VC will never try to invest in a garbage coin like this one. His experiment was failed.

Lol, why would i joke to anyone. First of all, market is volatile, not like every projects will pump a lot for long run. But you can make quick profits with any potential projects which could be a garbage one later on. Grin

You need to think like an investors, not like a day trader because you're here to make profits, not play with emotions. BTW, i don't need to tell you this as you might be more well aware of this. But here is the crackdown for Splyt:

Splyt did IDO on Paid Ignition at $0.042
Every whitelisted users got $200 allocation for IDO and it return ATH ROI of 116.63x. So IDO investors get huge ROI by investing only $200 as there wasn't any vesting period. Even they're still on 2.63x ROI now instead of it's being garbage coin.
Now talking about private or seed sale where VCs invested. Usually, private/seed sale tokens have vesting schedule and max of 15% of total allocation unlocked at TGE. So max price was $0.035 for private sale contributors and for example( i don't know the vesting schedule as i didn't participate into that), they get 15% from their total allocation , than were able to profit out the initial amount as well as made huge profits without even having the full allocation. Even they're still on min of 3.15x according to private sale price and max of 7x according to seed sale. So investing is good when market is still on good conditions instead of doing day traing.

My point was, why would you invest in a project to do day trading which is already listed and there is more possibility of correction in the upcoming bear market. If anyone wanna be a millionaire or make quick profits, than invest with VCs by doing own research. Also recently, enjinstarter listed into uniswap and max ROI's 15x and 10% was unlocked to private sale contributors, they're able to profit out the initial one with that 10% of total allocation and now, they will be on profits, even if it's become garbage coin later on. So DYOR and pick potential projects to get quick profit to feel stress free from market correction. That's it, hopefully you understand my point of view. Wink

zasad@

legendary

Activity: 1932

Merit: 4602

https://www.coingecko.com/en/coins/splyt
All aspiring millionaires buy various shitcoins and expect the scenario that I have drawn with a red line.
In practice, this does not happen, the price of the coin falls down by 50% or more.
To make money, you need to invest in serious projects, not shopping. Because there is very serious competition in shopping, and it is very difficult to achieve success in this area.

JeffBrad12

hero member

Activity: 2926

Merit: 533

Leading Crypto Sports Betting & Casino Platform

A few months already passed and how do you feel with your current portfolios on https://coinmarketcap.com/currencies/splyt/ OP, you didn't even get profit but you're losing more than 30% of your total investment. This idea was totally BS. No reason to use this idea to be a millionaire if you were picking garbage shit coin like splyt. You're wasting your time waiting for the random pump that could make you become the next millionaire but it's only a dream. Wake up from your dream and sell your coin and exchange it for a better coin.

Quote from: Review Master on October 02, 2021, 11:42:31 AM

Just join any VCs to start investing into potential projects just like Splyt (SHOPX) project. Kindly note that DYOR before participating into any projects because few projects return huge roi, but few traded under the initial sale price. Wink

Calling garbage coin as a potential coin and are you joking about that? he doesn't even get profit from his investment. he was losing from his entry position. This coin has small liquidity. That means if this coin has less demand too.
I think that VC will never try to invest in a garbage coin like this one. His experiment was failed.

Review Master

sr. member

Activity: 1428

Merit: 275

BitByte Crypto: https://link3.to/bitbytecrypto

If you wanna become millionaire why pick listed projects, better to go with new potential projects which are doing fund rising. Just join any VCs to start investing into potential projects just like Splyt (SHOPX) project. Kindly note that DYOR before participating into any projects because few projects return huge roi, but few traded under the initial sale price. Wink

Doell

hero member

Activity: 2156

Merit: 531

I feel dizzy with your simulation ,it's that easy to become a millionaire LoL
the altcoin on your list are pretty good now price is $0,112551 Grin

,AFAIK there is no certainty to become a millionaire I do not recommend any alt because I'm not also a psychic either

israt1@

member

Activity: 924

Merit: 18

https://imgur.com/yw8HFn9

If you want to get rich quick, you are probably going the wrong way. All alt coins are slowly coming out. There are very few coins that go up and go down again. If it is not, no one will be sadder than you. Because it will go down a few times from your original. So do not keep coming to the crypt so much that you will become rich in a short time.

fundacoin

newbie

Activity: 14

Merit: 0

Altcoin trading is very popular right now, helping many people become millionaires.

Do you anticipate joining the millionaire’s club?

Sometimes we need to think outside the box and try a method which no one is really talking about but is quite simple and can be started with $100

Most traders are looking for a 5x 10x and 100x but some of the bigger Xs are quiet rare and takes a lot of luck and patience to achieve .

An alternative method is called doubling up and using compounding to reach $1 million which would take investment in 15 altcoins as soon as the coin doubles sell immediately then move to the next coin

1 alt coin $100
2 alt coin $200
3 alt coin $400
4 alt coin $800
5 altcoin $1600
6 altcoin $3200
7 alt coin $6400
8 altcoin $12800
9 alt coin $25600
10 alt coin $51200
11alt coins $102400
12 alt coin $204800
13 alt coin $409600
14 alt coin $819200
15 alt coin $1,638400 millionaire status Grin

To test out weather this is a viable exercise just leave your recommendation here and which coin to start with
and we can keep track here in this tread on the progress to see how long this trip would take

my first pick is

Splyt (SHOPX)
$0.161226
https://www.splytcore.org/

which is attempting to bring NFTs into the global supply chain,
and attempting to expand the use-case of the nascent sector.

Topic: Social experiment (Holy Grail 15 alt coins to a $ million club) (Read 120 times)