Topic: What are your strategies to make money in cryptocurrency? Heres mine: - page 3. (Read 2114 times)
July 24, 2017, 06:23:59 PM
personnaly i think the best strategy is to trade altcoins on different exchanges, like poloniex or bittrex, there you can make money in certain good periods, the bullish rallies can be actually amazing, something you will never see in any other markets !
July 24, 2017, 06:07:56 PM
Ok but, how can my losses be so huge if the price of the altcoin is already so low? It's not like the price of the altcoin can go below zero whereas the potential for returns is huge.
July 24, 2017, 05:33:36 PM
In my idea it's not a good way to make money. What you do is like a gamble and it's so risky.
There are lots of ways to earn bitcoin without any risk.
- Some websites which pay you for completing some tasks.
- mining
- social media campaigns
- signature campaigns
- freelancing
Do some research to learn more about methods of earning money with cryptocurrencies.
There are lots of ways to earn bitcoin without any risk.
- Some websites which pay you for completing some tasks.
- mining
- social media campaigns
- signature campaigns
- freelancing
Do some research to learn more about methods of earning money with cryptocurrencies.
July 24, 2017, 05:11:21 PM
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.
You never know if alt dip its RIP of that altcoin or just temporary thing. With Bitcoin its whole difirent world.
July 24, 2017, 05:08:33 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.
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