Topic: [TUTORIAL] How to Earn 1 Bitcoin in a Week - page 8. (Read 94829 times)

This tutorial is a process of will, time and effort.  You need also charts out there tracking the highs and lows of Bitcoin vs Alt Coins against each other and against local currencies.

You are right it is red like his trust at this point it say's:


Now change the thread title.  Tread title is to grab attention.  And he never showed anywhere near 1 BTC gain. And the above is not surprising OP at first suggested taking a loan to invest in altcoins....

And Amph I think you are right about advertising for yobit.  And not only that he pointed to 1 example at first.  If he was holding that when suggesting it... he might have profited from people trying it.

the OP come with a red trust, i'll not follow his advice if i was you, also he is probably advertising yobi exchange and nothing else, there isn't any working strategy with altcoin

aside from luck, which isn't a strategy, and aside from being in a group of whale that manipulate the shit out of every altcoin at will

two very good points indeed . i could not put it better

the important part of the method in the OP is that it is a "Gambling" not trading method. you can simply lose a lot of bitcoin and not earn anything back from your other trades. and also it is worth mentioning that when a coin's price is this low (e.g. 30) if it goes 10 satoshi down it means a lot more percentage loss in comparison with a high price coin (e.g. 10000).

isnt buying and selling gambling too?

I mean in a way, you can also lose if you dont know when to sell. Unless theres a easy way you do this on your screen print shot you posted.

That is why I said possible.  It hinges on factors you cannot control.   It is gambling really lets be honest.

And OP showed like .17 max profit never showed near 1 BTC gained.   That should tell you right there 1 BTC is kinda the pie in the sky that is almost impossible to get.

given that its possible to make .1 btc from constantly trading new altcoins, it should be more than possible to make 1 btc a week simply by investing more. however, the issue is that this method is unreliable, as there is no guarantee that a coin will rise in price and that someone will buy your coins off the exchange when the price is high.

It is a gamble.   OP did show he had made some profit from it.   But no where near 1 BTC per week.

The subject is misleading.  It should say POSSIBLY make .1 BTC per week from his methods.   The making 1 from I believe .005 BTC in one week is very very lucky.

I seriously doubt how successful this method actually is, but nonetheless it is an interesting idea and I threw in a few mBTCs into different altcoins that appeared to have a lot of trading. Hopefully I can make a bit of a profit, if just one coin does well within the next few days!

I could see this working, although the one week seems a bit optimistic considering it will take a few days campaigning or clicking faucets to come up with the initial investment. Also, it would be a great way for newbies to learn about trading, only risking the little bit of time/effort they spent at faucets or posting on the forums here, which they were at anyways simply by reading this.

But back to the topic at hand, say that original investment of 500,000 satoshis was spread amongst say 5 different investments, for sake of simplicity lets say each was trading at 50 sat when purchased. We would have investments A, B, C, D, and E each with 2000 of their respective coins as the beginning balance and a starting value of 100,000 sat each. Then after say 3-4 days we have the following results:

Coin A:  30 sat * 2000 = 60,000 sat (loss of 40,000 sat)
Coin B:  10 sat * 2000 = 20,000 sat (loss of 80,000 sat)
Coin C   160 sat * 2000 = 320,000 sat (gain of 220,000 sat)
Coin D   60 sat * 2000 = 120,000 sat (gain of 20,000 sat)
Coin E   20 sat * 2000 = 40,000 sat (loss of 60,000 sat)

So we ended up gaining 240,000 satoshis and losing 180,000 satoshis, which would be a net profit of 60,000 satoshis, or a little better than 10% gain of the original investment. We lost 3 out of 5 trades, but since they probably won't go to 0, they don't necessarily sink the entire investment into the ground. Also, one could try holding the losers for longer, but for this example we would assume everything gets cashed out and the end of the cycle with everything reinvested anew. Of course it is pure speculation, and luck will play some role, but it is not out of the question by repeating this method over a longer period, perhaps a month one could earn 1 BTC.

I think the big drawback to this is it is limited to how big of gains you can make. The next month you simply can't pluck sown 1 BTC into a coin that was averaging only a .1 BTC daily volume and expect others to buy it up. You would need to spread the coin around quite a bit and after a point you will run out of candidate coins to invest in. So going from 1 BTC, to 2, 4, 8, 16, etc and expecting to be a millionaire will be highly improbable, but I could see someone starting out and playing around a bit could earn 1 BTC a month doing this. Of course, as others catch on this will also cut into the profits somewhat.

You should buy XRA, it will go up.

thank you

i am a beginner in trading so i need luck more than anything ...

Ok, that's good. Wish you good luck with trading

it is resolved now . i contacted the YOBIT representative here and it is all good . thanks

I like your criteria about trading altcoins, and yes, trading altcoins when it's fresh and new is most likely to give you high returns, but I don't think that the <100 satoshi price range is that precise when it comes to trading. Any coin will likely to give you a high return in profits, any coin can be pumped, and I don't think that the coins with <100 satoshi price, a 50m coin in current circulation would most likely hit it that big. But anyways, thanks for sharing this strategy of yours. It is really doable to earn that amount in one week with careful execution of trades. Trading is the most reliable way of earning bitcoins IF you know what you are doing.

Cryptsy is doing selective scamming. They scammed one dude here for 160 BTC. Just blocked his account. No answer from support.


Most risk is gambling.

Guys dont take this thread so seriously especially the newbies thinking doing faucets will earn you 1 bitcoin in one week trading is proably the most profitable but also the one with the most risk

I thiink its same method as mine but i use cryptsy once i deposited doge coins there i got problems since there is min. limit how much btc you can withdraw which kinda sucks. +1 for guide waiting for more !! 

Where is your email registered ( Gmail, Yahoo, Hotmail.. )?

nah i just wanted to start trading at YOBIT ,
but maybe later i will join the campaign too.


yeah i wrote on their ANN thread and waiting for them to come online, i think i will check again tomorrow.