Topic: What are your strategies to make money in cryptocurrency? Heres mine: (Read 2119 times)
August 14, 2017, 10:32:11 AM
The simple answer would be to buy low and sell high but sometimes when you buy low, the price falls further lower. Keeping my eye on SC and DGB.
August 13, 2017, 11:05:20 PM
It's always worth building a portfolio of bitcoin and altcoin. Technical analysis is good for coins with larger market cap, but it may be difficult to perform an analysis on new/small caps. For altcoins, look for technology that really stands out or something that you're interested in; I personally like Ardor, Golem etc., but there are plenty others that have huge growth opportunities as well.
Lastly, always manage your risks! It's always better to miss out on an opportunity, than to lose everything in a poor investment.
Lastly, always manage your risks! It's always better to miss out on an opportunity, than to lose everything in a poor investment.
August 13, 2017, 01:53:51 PM
Currently, the last few days have shown that Bitcoin is currently in one of its most stable periods ever.
The price has stayed relatively the same for around a week after the minor dip.
So, without volatility how else do you make money?
I'm thinking of investing in loads of altcoins that have gone down in value significantly (over 50%) - Altcoins seem to be a lot more volatile so I'm hoping that they will bounce back and go up in price substantially.
Hence, why I am investing in so many (albeit with only minor amounts in each one). I am hoping that just one of them will go up in value and pay off all of the other investments that I had made, plus a hefty profit.
Is this a stupid strategy or is it genius?
I based it off Charlie Geller and Jamie Shipley's strategy in the movie 'The Big Short' (They managed to turn $100,000 into $30 million after five years). They invested in unlikely opportunities that were significantly undervalued because people thought that they were much less likely to happen than they actually were. So most of the time they were wrong, and lost their investment, but... when they were right, it paid off big time.
The price has stayed relatively the same for around a week after the minor dip.
So, without volatility how else do you make money?
I'm thinking of investing in loads of altcoins that have gone down in value significantly (over 50%) - Altcoins seem to be a lot more volatile so I'm hoping that they will bounce back and go up in price substantially.
Hence, why I am investing in so many (albeit with only minor amounts in each one). I am hoping that just one of them will go up in value and pay off all of the other investments that I had made, plus a hefty profit.
Is this a stupid strategy or is it genius?
I based it off Charlie Geller and Jamie Shipley's strategy in the movie 'The Big Short' (They managed to turn $100,000 into $30 million after five years). They invested in unlikely opportunities that were significantly undervalued because people thought that they were much less likely to happen than they actually were. So most of the time they were wrong, and lost their investment, but... when they were right, it paid off big time.
I started earning bitcoins through joining signature campaigns then i exchange my coins for real money. After i earn much money for my daily life, I also try to invest building a mining rig but there's a pro's and con's in building a mining rig because the electricity consumption is very high so it will be depending on your'e area. Now i also trying to start trading and that's how i earn my profit, actually that is my 3 ways of earning. First is the signature campaign then My mining rig and lastly you really need to wait for your coins to rise up if your'e going into trading and you must control your emotions when your'e coins value is going down.
August 13, 2017, 01:19:32 PM
My strategy since long has been sticking to a spread of 70% bitcoin and 20% top-30 altcoins and 10% lower ranked coins. In the past I have been daytrading but found it not profitable enough in the long run. I have my other activities outside the cryptsphere that were starting to suffer when I was daytrading too much 
August 12, 2017, 03:20:31 PM
I think so we have to buy waves, btc or ether and forget a few years...
August 12, 2017, 12:44:34 PM
As in the real market, its possible to make money day trading alt coin, or holding lots of them hoping to hit a home run
But as in any investment you cannot have all your fund allocated to extremely risky investment.
Even bitcoin is risky but less so then alt coin. If I had 1000$ to invest in crypto, I would probably go something like 650$ in BTC. 200$ in proven alt coin like LTC for exemple, and 150$ in long shots.
But that's just me.
But as in any investment you cannot have all your fund allocated to extremely risky investment.
Even bitcoin is risky but less so then alt coin. If I had 1000$ to invest in crypto, I would probably go something like 650$ in BTC. 200$ in proven alt coin like LTC for exemple, and 150$ in long shots.
But that's just me.
August 11, 2017, 06:47:19 PM
Right now I use poloniexlendingbot (PLB) since I don't feel like leaving a PC on all the time. I been meaning to look into cryptolend.net and/or maybe setup an AWS machine in the future. PLB does charge 10% of interest gains, but it's easy to setup and requires no effort. I made roughly 10% in almost a year, and like you mentioned, the gains you made continue to grow. Compound interest for Bitcoin's 
.
I use my own linux server for hosting, they are cheap these days. .PM me if you need help setting your own bot on a server
August 11, 2017, 09:55:58 AM
It is pretty hard to be a successful trader over a long period of time. Yes, you can be lucky with a few trades, but very people succeed with trading in the long run. My strategy is therefor the same as I use with stock investments, buy and sit long. If you buy stocks in solid companies who make money, the stock value will rise.
I have the same strategy with bitcoin, buy and sit long.
I have the same strategy with bitcoin, buy and sit long.
August 11, 2017, 09:39:06 AM
My strategy is to buy at the bottom and sell it on the top, it is not working always because the price of a coin doesn't go to the bottom so i am just buying at the dips or lower prices and i am selling it on a high price or expensive price to earn some profit.
Thats what we are all trying to do... sounds easy, but it isnt
August 11, 2017, 06:05:00 AM
My strategy is to buy at the bottom and sell it on the top, it is not working always because the price of a coin doesn't go to the bottom so i am just buying at the dips or lower prices and i am selling it on a high price or expensive price to earn some profit.
Thats what we are all trying to do... sounds easy, but it isnt
Well, I'm definitely not the best when talking about trading cryptocurrencies, but I think I've learned alot due to my mistakes and losses in the past. Day trading cryptocurrencies is definitely not for the impatient. Being very impatient can cause you to panic buy and panic sell alot due to thinking "omg it's crashing, I need to sell it asap before it goes lower". Then what happens after you sold your coins? It goes back up. Same with vice versa.
August 10, 2017, 03:27:27 PM
Right now I use poloniexlendingbot (PLB) since I don't feel like leaving a PC on all the time. I been meaning to look into cryptolend.net and/or maybe setup an AWS machine in the future. PLB does charge 10% of interest gains, but it's easy to setup and requires no effort. I made roughly 10% in almost a year, and like you mentioned, the gains you made continue to grow. Compound interest for Bitcoin's .
. August 10, 2017, 02:30:14 PM
Personally, I like lending a small amount of coins on Poloniex and use a Bot to monitor the trades. This to me seems like a lesser of a gamble, and coins can still go up in value.
What kind of bot do you use? I use poloLender, and the profit seems to be around 4% per year. My philosophy is that the bot creates more and more bitcoin, hence it is actually worth quite a bit more than 4% a year.
August 10, 2017, 01:47:32 PM
My strategy is to buy at the bottom and sell it on the top, it is not working always because the price of a coin doesn't go to the bottom so i am just buying at the dips or lower prices and i am selling it on a high price or expensive price to earn some profit.
Thats what we are all trying to do... sounds easy, but it isnt
August 10, 2017, 10:49:11 AM
Personally, I like lending a small amount of coins on Poloniex and use a Bot to monitor the trades. This to me seems like a lesser of a gamble, and coins can still go up in value.
August 10, 2017, 10:19:59 AM
My strategy is to buy at the bottom and sell it on the top, it is not working always because the price of a coin doesn't go to the bottom so i am just buying at the dips or lower prices and i am selling it on a high price or expensive price to earn some profit.
August 09, 2017, 01:00:56 PM
Why don't you think that the value of the coin will go further down? Like you bought some altcoin at 50% and in the next day it may still fall. This is what exactly happened to me.
August 09, 2017, 01:00:43 PM
Why don't you think that the value of the coin will go further down? Like you bought some altcoin at 50% and in the next day it may still fall. This is what exactly happened to me.
August 09, 2017, 07:10:43 AM
Easiest strategy for money making with Bitcoin is:
Buy now
Hold for some years
Grab big profits
The end, without any effort
Buy now
Hold for some years
Grab big profits
The end, without any effort
August 09, 2017, 06:44:16 AM
You need to do some reaseach, invest in a potential ICO, then hold the tokens for several years
August 08, 2017, 02:00:37 AM
Currently, the last few days have shown that Bitcoin is currently in one of its most stable periods ever.
The price has stayed relatively the same for around a week after the minor dip.
So, without volatility how else do you make money?
I'm thinking of investing in loads of altcoins that have gone down in value significantly (over 50%) - Altcoins seem to be a lot more volatile so I'm hoping that they will bounce back and go up in price substantially.
Hence, why I am investing in so many (albeit with only minor amounts in each one). I am hoping that just one of them will go up in value and pay off all of the other investments that I had made, plus a hefty profit.
Is this a stupid strategy or is it genius?
I based it off Charlie Geller and Jamie Shipley's strategy in the movie 'The Big Short' (They managed to turn $100,000 into $30 million after five years). They invested in unlikely opportunities that were significantly undervalued because people thought that they were much less likely to happen than they actually were. So most of the time they were wrong, and lost their investment, but... when they were right, it paid off big time.
The price has stayed relatively the same for around a week after the minor dip.
So, without volatility how else do you make money?
I'm thinking of investing in loads of altcoins that have gone down in value significantly (over 50%) - Altcoins seem to be a lot more volatile so I'm hoping that they will bounce back and go up in price substantially.
Hence, why I am investing in so many (albeit with only minor amounts in each one). I am hoping that just one of them will go up in value and pay off all of the other investments that I had made, plus a hefty profit.
Is this a stupid strategy or is it genius?
I based it off Charlie Geller and Jamie Shipley's strategy in the movie 'The Big Short' (They managed to turn $100,000 into $30 million after five years). They invested in unlikely opportunities that were significantly undervalued because people thought that they were much less likely to happen than they actually were. So most of the time they were wrong, and lost their investment, but... when they were right, it paid off big time.
That's a good inspiration so that means you are prepaid to lose too much. But on the other hand, you did right thing because most of the altcoins pump dramatically so I hope you picked the right coin.
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