I've recently started to get serious in the crypto world and I'm absolutely fascinated with everything, the tech, the ideas, the price volatility and the overall buzz. I've 2x my initial investment already (BTC wise) in 18 days using what I presume is a very aggressive money management strategy and was wondering what is a reasonable ROI long term for your overall portfolio per month? If you started with £/$1,000 and doubled it every month then you'll be a millionaire this time next year. Crypto is getting more and more new investors and should continue to do so, we know that. Is 100% roi every 4 weeks outlandish if you're day trading full time or was this too small of a sample size?
Well it depends. Nice for you to make double investment in BTC not fiat money, keep up the good work.
Off course in crypto we have ups and downs, just make sure when downs you still hodling.
Well it's to soon to judge of the sample size, but if you can keep up the good work you can be crypto guru.
The answer to your question and based on my experience, 100%-200% per month is very possible. But when you already pro, 500-1000% is also possible
Thank you, I have been putting a lot of research towards this and have been seriously considering turning towards this full time. I wasn't around 5-6 years to invest and those people are already very wealthy but we are still in the early stages of crypto and if is the future which looks likely then it's no where near mass adoption. Where do you recommend learning technical analysis?
Everybody looks like a bloody genius in the bear market. You can easily double your money in a month, or even a week if you pick well / get lucky. But it can't and won't last. Enjoy while it does and make sure you withdraw your initial deposit with healthy interest
You mean bull market and I'm well aware of people just picking coins and getting "lucky" however I am not your average punter, I AM Luckybrahh
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There is no "fixed" amount of money that you can earn per month, that is the first mistake that lot of newbies make.. You can not expect to earn $100 - $1000 - $10000, if you expect it, you are not going to earn anything, trust me.
Of course there is no fixed amount hence why I asked what would be an average roi long term. If we assume that growth rates are more or less sustainable at the current rate at least for the next year which is a fair assumption since the crypto market is still growing then that's a damn lot of money to be made.