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Topic: [STOP] My Altcoin journey with small investment - page 3. (Read 443 times)

legendary
Activity: 3066
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
Glad to see your experiment thread but it seems like that you must try to add the reasons about what happened with your dydx, if you have sold it and then you must also mention it in your thread or at least give a small note. Im a big confusing to see that there's no dydx after week 2 and what happened with it? Have you taken profit from your dydx and exchange it for UNI?
Your thread was worth to be watched as i rarely seen any experiment thread like this one.
hero member
Activity: 2786
Merit: 578
Personally, I would like to say that I like your way of investing a lot. Since you have recharged yourself then you deserve praise for adopting this method. I think your method is very good
Methods that works for OP is good and you also have your method that might work for you. I wish you the greatest of this journey OP.

This small investment either be increased by more than 5x soon or you learn a lesson with this journey. Well, both are still great in terms of learning new things about investing.
legendary
Activity: 1946
Merit: 1224
Life's but a walking shadow!
The thing about crypto investment I have come to understand in my few years of being in this space is that there is a large amount of patience required for anyone to actually earn good profit, if you only looking for short-term gains it may not have a good outcome,
You're not wrong, being patient and not panicking is very important in the network, I have seen people selling their stash out of fear only due to a correction period, which is pretty bad to say the least. But what users should know is that being patient sometimes depends on the coins in your possession, there are projects/coins that are actually short term projects that can only pump temporarily, and when they dump, it's over for the coin, the best thing to do with such coins is to sell when you have the opportunity to take ROI, if you decide to be patient and hold on to it for too long, you could be left with only losses. But if it's a great coin like Bitcoin, Ethereum you're hodling, then it's makes so much sense to patiently hold, because they are long term projects.
Now even if the coins/tokens look too legit to invest in I will still have to do some research so I can decide when to exit and how much profit I have in mind.
That's exactly the right thing to do for a crypto investor, many people have lost their funds just cause they invested when someone told them to, or they just sightlessly followed the trades and instructions of others, every investor or trader should always meticulously do their own research and come up with their own conclusions on the coins they want to channel some of their money into.
sr. member
Activity: 1722
Merit: 269
Interesting thread. 50$ per week is a reasonable amount and if you pick the right projects to invest in, then you can make some money out of that, but of course you can also lose your money, but i guess you are well aware of that. Also your first picks for your investment are pretty interesting. I have never heard of dydx before to be honest but i did some reading now after seeing your thread and that project sounds quite interesting, so that could be a really good pick for an altcoin investment. I am not so sure though about your investments into tron. It's been around for a long time now and i don't see a reason why the tron should suddenly surge in the foreseeable future.
hero member
Activity: 2408
Merit: 693
Undeads.com - P2E Runner Game
The thing about crypto investment I have come to understand in my few years of being in this space is that there is a large amount of patience required for anyone to actually earn good profit, if you only looking for short-term gains it may not have a good outcome,

Assuming someone invest $50 on bnb back in 2017, invest same amount on btc, eth, waves, just within the span of 4-5years the person could have made good profit without doing anything, just hold and be patient, in the end what is most important is the ability to exercise patience through bull and bear market to enjoy the reward.
sr. member
Activity: 1036
Merit: 311
This is not a financial advice and certainly I have to do my own research. I have made mistakes when it comes to cryptocurrency investment in the time past where I invested based on hype and recommendations. Now even if the coins/tokens look too legit to invest in I will still have to do some research so I can decide when to exit and how much profit I have in mind. For my own research I will first start with (DYDX and TRX) will post my update soon
full member
Activity: 700
Merit: 182
Hello everyone. If you want to know why I am creating this topic, then you can visit my topic regarding bitcoin investment. https://bitcointalksearch.org/topic/m.58029082 I already explained why I am doing such an experiment. Since that day, I've been conducting similar experiments with altcoins as well. didn't share it before.

Now I'll update my altcoin holdings as well. How much should I invest and in which project should I invest? I did my own research and thought every week I would invest $50 in two projects. Keep in mind that this is a long-term investment.I am not going to do any future or margin which has short term money loss risk. I have time now. I am 20 years old and I think I can invest my money for at least 10 years. And if I do this, I may get enough profit. And here is my weekly investment.


 
MY INVESTMENT


WEEK-1 (24/09/2021) (DYDX/USDT) (2.1 DYDX=$25) $11.90.
                                         (TRX/USDT) (257.8 TRX=$25) $0.09696.


WEEK-2 (30/09/2021) (DYDX/USDT) (1.01 DYDX=$25) $24.55.
                                         (TRX/USDT) (292.9 TRX=$25) $0.08534.


WEEK-3 (05/10/2021) (UNI/USDT) (0.99 UNI=$25) $25.13.
                                         (TRX/USDT) (268 TRX=$25) $0.09327


WEEK-4 (13/10/2021) (trx/usdt) (520trx =$50) $0.09585

WEEK-5 (22/10/2021) (FTM/USDT) ( 19.88=$50) $2.5151

Note: This is not for financial advice. I have done my own research and taken action on it. If you want to do anything, do your own research. Because your money, your research, your actions equal your profit or loss.



Currently I am dropping this plan  for some of my others plan. But honesty speaking I am in a little good profit but I am not gonna sell my any alt what I bought in this plan. I am holding this money until 2025. If I can it maybe more longer. Cry Cry
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