Bitcoin Forum

Hello Fellow Traders,

I am planning to start "BTC <=> Alts" short and medium term (1-6 weeks) trading using premium/paid group signals.

My goal is to accumulate 100 BTC in 36 months using 10 BTC as starting capital.. profit will be reinvested to achieve goal faster or buy high potential altcoins for longer hold. IOTA, Starts, EOS, Lisk comes to mind.


Is this target realistic? and achievable? What are something I must take care of to avoid losing much of capital? And not look sick by staring at screen all day.

My plan is to:

- Get into 14-16 different trades at all times with 0.25-0.5 BTC each. Keep upto 30% capital untouched at start.

- Use strict stop-loss function of about 3-5% in every trade.

- Enter a trade with clear exit strategy even if it means early selling.


Can you help me fine-tune the plan? What else I must and must not do?

I value your knowledge & experience... and really appreciate your advice/suggestion/opinion.

Thank you for reading it all.

- V

Using 10 bitcoin to get 100 bitcoin just in 3 years in very hard goal if we use helthy strategy in trading.
Healthy strategy just allow us get maximum 5 or 10% am  month with trading and reinvest our profit is really not recommended
And also strick stop loss in crypto trading is not good choice and better just do averaging style and hold at least 5 or more altcoin as strategy.

I'm definitely going to stay away from those premium signals group with such massive amount of bitcoins. You better to research on your own rather than trusting others third parties to do the job, with such enormous amount of money its dangerous to play with if you are new to trading (judging by you join the signal group instead of research on your own). You can start lower amount of money to learn to trade, and the rest of money you should invest in on a legit way like gambling site bankroll, etc.

It's possible. As long as you don't get hacked/scammed or stolen by an exchange like Bittrex, you might just be able to pull that off, or something much bigger!

There are many cryptocurrencies growing & thriving, just as there are a lot of them falling. I'm not sure if Paid Signal Groups are very profitable, but you could definitely try them. If you want to tenfold your amount of Bitcoins, you would have to maintain a 0.2% growth per day.
Note that when you have 10 Bitcoins, this would be BTC0.02, but when you have 20 Bitcoins, this would be BTC0.04. This sounds pretty doable in my opinion, but you must realize that everyone makes mistakes and that you could just as well fall a lot within one day.

A stop-loss function could be pretty useful, but it'd be sad to lose the opportunity if a Coin falls 6% and then rises 600%. I really recommend using it, although it's sad to see opportunities like those flying by.

Your plan sounds nice and if you're actually going to do it, tell us about your adventure!  ;)

Turning 10Bitcoin to 100Bitcoin in 3 year is an achieveable thing to be honest,
but if you're doing it by yourself or individually and not using that thing so called 'Paid Signal Group'.
it has been more than 2 years i have been in here and i never encountered a legit one,
in brief it's more like this :
trading is an act buy or sell,
you will get profit whenever your sell order higher than your buy order.
logically nobody want to share their profit,right ? so it would be best for you to stop trade if you're using a paid signal group.
about your portfolio it's all depend on your strategy,
everybody have their own strategy,but bear it in your mind.
the most important thing that you need to do is to prepare your financial back up.
and do not use stop-loss function because it'll only wasting your time.

Thanks for replying.

What do you mean by healthy strategy? .. Can you please explain.

Also, why strict stop-loss isn't good choice? Thanks


Have you ever used paid signal group? Can you please share your experience?

I believe being a newbie in trading my analysis/research would really suck. That's why I thought of leaving it to professionals. There are premium groups (not pump & dump) who do their research and give medium to longer term signals.

I'd love to hear someone's opinion about it.


I will definitely keep that in mind and will spread money over different exchanges.

Your concern about stop-loss is genuine. A little correction can sometime bring huge upward trend. I am a bit confused. That's why I planned to enter every trade with exit strategy. So, even if I miss a huge upward trend, that's OK. It's fine to miss on some opportunities to make sure to be able to use the rest.

Thoughts?


Have you been part of a paid group? Can you share your experience?

Can you please enlighten me about your thoughts on stop-loss function? Why it will be wasting my time?



Thanks all.
 

Just for your information: The first and last post you quoted were most likely post-farmers. I recommend you don't waste too much time trying to gain information from them, as most of them are only here to join Signature Campaigns and spam posts around the forums.

And to the my reply:

I think that you should indeed just use Stop-Loss, as opportunities flying by is better than your investment dropping to $0. I know how frustrating it is though, when you set your stop-loss at 4%, it drops 7% and then doubles its value within a couple days. I encountered that a couple months ago with Litecoin, I believe? Not sure. You get the point anyways.
I never invest very much though, so I just quit using Stop-Loss, but if I were to trade amounts upwards of $1000, I'd definitely utilize it.

I'm not a professional trader though, as I invest purely with my "heart", instead of my brain  :P

For me it's more about fun than about making money. So if you want the best possible advice, I suggest you don't listen to me all too much  ;)