What if the swing between BTC and Alt Currencies go the other way? We could lose one BTC in a week!
Which alt currencies do you trade regularly with success?
How the f can you lose the 1
BTC when you dont have it?
This tutorial is for newbies who got like 0.005-0.006 bitcoin from faucets or sig campaigns to earn some money.
Well you could say that you lose the 1
BTC in the next week, but thats not the point, you still made 1 btc in 1 week, the fact that you lose it the next week is probably a huge mistake.
But its more likely that if you repeat this process the 2nd week you make 10 bitcoins, and so on....
If you can make 1
BTC from 0.004
BTC then you should be able to also make 10
BTC at bare minimum from 1
BTCWho knows a storm might come and you cannot sell the stuff at the right price because you dont have internet, but it can be a source of inspiration, from my experience it is possible.
thats the point; its
possible, but it isnt a reliable source of cash flow. this holds especially true for newbies who dont have a lot of capital to risk on trading risky altcoins. sure, the sig campaign can get them something to start off with, but its not a sure thing this will row their bankroll to work with, altcoins are a gamble imo.
I dont think its gamble, you have a very high chance of doing it, and even if you lose ( very unlikely) , i think its worth risking 0.005
BTC for 1
BTC because you have the luxury of failing 199 times and if the 200th time you win, you still made profit.
I dont think any casino has an option that you lose 199 times and still be in profit if you win the 200th game.