Bitcoin Forum

Well I originally had a plan where I was going to save up 4,000.00 USD as "money that I would use to invest in crypto that is also money I can afford to lose". That way I can invest in a big way and it's not the end of the world for me if I fail and lose it all. I spent months researching what crypto was, how it works, asking a gazillion questions on this forum, etc.

But when I finally had 2,000.00 USD saved up, I decided to not wait till I have 4,000.00 to start investing and I've been scalp trading for the last few days with dogecoin.

Just a few minutes ago, I took the 2,000.00 USD that I spent investing and withdrew it and put it back into my bank account. The money I now have in my portfolio on binance.us is now the profit that I'm trading with. ....and my balance is 2,782.87. Yes, that's right. I made 2,782.87 in just a few days by scalp trading on dogecoin! My original 2,000.00 dollars is back in my bank account (well, I have to wait 2 business days before it's OFFICIALLY back in my bank account because of the proccessing time I have to wait)....and now I'm just using my profits to trade with.

This is awesome! Just wanted to post this here and say thank you to everybody who answered my gazillion rookie trader questions. I put the stuff I learned on my own and stuff I learned in this forum to good use! WOOT

Very nice, congratulations on this success. Cheers to many to come. You must however exercise caution and quickly get over this excitement so you don't make a hurried trade decision in the days to come. Kudos, keep up the momentum.

Congratulations! Not everyone has this type of happiness when after their first ever gain when they've started to trade cryptocurrencies. Many wants to earn a lot quickly but not realizing that in their situation, they could only do the little that they have. I wish you luck as you grow that profit that you've made and now you're in the market without any problem because you've already gained back your capital.

Well I am glad that you're having a good time in here as well, OP aside from just learning because that kind of amount is like an insane amount already for me when I invest it here from my own local currency.
Anyways, congrats as always, OP. :)

I am not you though, but if am to be mathematical and logical about this I would say any money you can afford to loose should not be one that you should be keeping-up in a safe for, and if you think that money when invested in crypto is seen to you as a Big money, then its far-away from what you can afford to loose.

I haven't read to the end but if your title is right then you must have had success in investing, and congratulations on that but, I think for -Newbies- thinking with this they can borrow up money or Empty their saving, it might not go successful and the loss might be depressing, so afford to invest what you won't be let's moneyless if it crashes.

Beginners are really lucky. Many trading groups have advised buying dogecoin, but I would still not buy this coin. When you have been in the cryptocurrency market for a long time, then before buying each coin, as a rule, you analyze the market well and try not to buy meme coins.
Manage your profits correctly and do not count on luck, because statistically many novice traders also quickly lose their profits.

Congratulation OP. I did see a lot of your questions in Beginners and Trading discussion boards. I am glad to know that you are off to a good start. There's always an opportunity to learn something new. Keep learning every day  ;)


I think to some extent it was a smart move in trading terms so long as the coin pumped, and he bought and exited minus making losses. So many coins are jokes in the market, but I believe most of us are here to make some profits and not to just buy and hold the coin for eternity. If buying and selling a meme coin can double your investment. Why not trade it?  ;)

I don't think the OP Newbie to trading. Here he is a little disingenuous. He writes that he asked millions of questions on this forum, although this cannot be said by the date of registration.
In any case, this is a good approach, first learn as much theory as possible, and then move on to practice, because if you just read and study without trying anything, it is difficult to feel all the moments of trading.
OP, I join in wishing you further good luck. Analyze, take risks, the more you speak of yourself as a person who is not afraid to lose some amount.

first of all I never wrote that I asked millions of questions. the words I used was "a gazillion questions". Gazillion does not mean millions. Gazillion isn't even a real word. So obviously I was making a metaphor. A metaphor that implies that I lost count how many questions I've asked already.

second, I never implied that 2,782.87 USD is 'big money'. This is a success story for me because I learned how to invest a certain amount of money(2,000.00 USD to be exact) and then slightly more than double it. And yes, this does fall under the category of "money I can afford to lose" because the "money I've been saving up to invest" is completely separate from my checking account and savings account and is therefore completely separate from my normal real life budget as well. It took a while for me to save up 2,000.00 dollars because I was creating a pile of money over time in which if I were to lose it all, It would not affect my checking account money or my savings account money, and therefore not affect my ability to pay my bills and go on with my life as if I never discovered crypto in the first place.

I decided to take the original amount of money that I invested, and put it into my savings account. This means my normal budget now has 2,000.00 extra in normal savings. This results in me no longer having a "savings account" that's separate from my normal checking account and savings account. I have 2,782.87 dollars worth of gains on my binance.us account and I'm using that to trade with.

I did all that so that I can experiment in crypto, without putting "my ability to pay my bills" in danger. I may be new to cypto but I'm not new to doing whatever is necessary to "stay out of financial trouble".

I hope that clarifies things for everyone. :)

If people think I'm being disingenuous, that's not my problem. I'm too old to be caring what other people think of me. There's always going to be "those types of people" in a crowd that'll take anything you say or do and twist it into something negative. That is completely out of my control and I see no reason to worry about that.

Oh and I completely agree that Dogecoin is not the coin that I should be investing in (for the long term). I have simply been using dogecoin's extremely small price, and extremely high volatility as a means to teach myself how to scalp trade and to practice that technique. In the long term, I plan on investing in several types of crypto. And thanks to another thread in this forum, I was able to get a much clearer idea of which ones to invest in. When I finally leave dogecoin alone, I plan on making sure I have eggs in multiple baskets. Personally I'm planning on investing in BTC, ADA, LTC, and XLM.

Crypto is all about taking risks. This is why I do tell people to invest hugely if they want to have good profits from their investment. Now you have your money back, and you are still trading with your dividends.
Congrats on taking the bold step to invest and withdraw your spare money ($2k) when it is deemed right.
Expect more profit ahead

Thats very nice to know that now you are just only using your profits to trade. Thumbs up to you mate, this kind of post is highly appreciated. Trading isn't something we can just took so easily cause it involve some risk but you manage to gain some profit from it and now using the funds to earn more. Goodluck to your future trading. I do hope some newbie might learn something from this simple post of yours.

Invest in big money will not advisable for ordinary people because they need to survive.
But that will not be a problem for people who have a lot of money because they can use big money to invest in the crypto while they still have the other big money for their life.
After making a profit, we can withdraw our initial money back to our account and use the profit to trade and increase the money, and if you can make a profit, you can back to withdraw the profit for your saving.
If you succeed in doing that, you can rinse and repeat the process to make your money bigger than before.

Many people have become billionaires by doge. Elon Musk breaks the technical analysis of traders. This is proven by the strength of people's trust in someone who is considered influential to move the market. Congratulations to you. Maybe a lot of people have believed in elon but I think we are still vigilant. I am afraid that the 2017-2018 season will repeat itself. BTC is down nearly 70% more than ATH, while altcoins are also experiencing record lows. But I don't expect that to happen, with the high price of BTC I hope altcoins can keep up.

Looks like you are lucky to buy a doge coin. Congratulations you are lucky because of Elon. Today Doge's price is out of the think. It's crazy people who still dare to buy. But I don't understand you have to start to be careful next time. Investment trading is not just about luck. You will need to master several techniques to reduce losses. It may be buying season but it could be reversed. You must be vigilant about using your technical and fundamental analysis.

Many people have profited a lot from doge even they bought even crazier with a lot of capital, I don't know if they have more faith in Elon Musk about his tweets, well here it is also necessary to pay attention to how the risks will be faced, lest our profits in investing again because of the doge madness even I am worried that many people will get stuck until the price is high.

But I do say congrats to the OP because for much of this doge's trade it has been a satisfactory result even on the biggest day of profit being made now.
Indeed, this opportunity should not be wasted when there is a trending price.

Awesome! I'll give you that, for a beginner trader who got informed virtually and tried it out, you did good. Well, in crypto trading, your hardly met with a lose. Its mostly profit either you hodl or scalp trade like you just did but then,  the more profit is always in daily or scalping. You can see that in your result but again, not quite a lot of people can do this. So, you being able to discover an opportunity and go ahead to invest i s a good  one.

What i don't really get is you withdrawing your original capital.  Its 100% your choice and not that its exactly bad but then, it could aid you in boosting even more. I get the fact that, you feel safe having it in your local bank account but then, making a lot more from a spare cash isn't a bad idea as well.

Good experience, I remember when I just getting started I just put in 300$ in my account and then climb my way up to a 1000$, and honestly it's kinda hard.

Probably a good trade would be a 100$ profit in my position, and most of the time some of the trades are going to take a lot of time because making a profit at all so I need to hold for a long time.

I know that I was not going to lose the trade if I just don't sell my tokens at a much lower price in the market but that just mean that my money is stack so I needed to put some more money but I guess its kinda worth it putting more money.

Congratulations on your success, it sounds like you did your research and actually took action which is what many people are too afraid to do. A word of warning though, people often assume that they have mastered an activity when it just so happened to be a particularly lucrative time to start. When the market is in a pretty steady upward trend people can think that they are experts and get overconfident. I'm glad you've been sensible enough to take out your initial deposit amount, as that will allow you to refocus just on the amount remaining - rather than losing half your profits and being back at the starting point. I've only used binance a couple times but their platform does seems pretty nice, do you have any tips for reading trends? Are you just buying in troughs and selling at peaks?

That’s great to hear from your experience and thanks for sharing this to all of us. Investing $2,000 for DOGE scalp trading and profited with $782.87. Not bad! You are lucky with Dogecoin just like my beautiful cousin who bought and hold it. However, this trend won’t last long though. Always manage your risks very well. Cryptocurrency is a highly volatile market, and can go down sharply without warning in any circumstance.

Well this success story becomes possible because dogecoin got pumped hard, you are just lucky I'd say because what dogecoin has to offer is not on same league like many altcoins out there, thanks to tesla billionaire, anyways I'm happy for you

Congratulations @OP. If you can rinse and repeat the process, I am sure you will make another profit. You don't have to just focus on Dogecoin because, in Binance, you have many options for the coin, but you need to analyze it one by one to find the right coin. Well, I hope this story can motivate us, including me, to try the best to profit as the @OP did.

We must use this moment to search for profit while the market still good to trade. And no matter what trading way you use, make sure you analyze before decide to buy the coin because that will determine if you buy the right coin or not.

That is a good strategy, keeping your original investment and use the profit is a good way to start, which means you will not be able to touch that money instead use the profit to increase your savings, by withdrawing and keep it in your bank, I also use this kind of strategy although a bit risky, but you have to take the risk to make profit sometimes, you have to be careful next time, it might not the result you wanted.

Very nice of you man. It means your strategy is really working perfectly cos what makes you to make such amount of profit seems ok. But to be sincere with you, the way you explain your achievement look somehow very  simple making it look like trading is quite easy and more easy to make exorbitant amount of money from the market making it  looks contrary from the normal aches one pass through when trading in the market. My thoughts though!

Congrats, it's always a good idea to withdraw original amount and trade with profits, it helps minimize the regret if things go south.

Well the dogecoin bubble finally popped haha. I pulled out half of my profits(which eventually became 3,400.00) in time but that was beginner's luck. I'll just refuse to sell the rest of my dogecoins so that I don't violate the 4th commandment of crypto, haha. I'm off to invest in other cryptos now and finally deversify my portfolio this time. I ended up developing a list of rules to follow that I now refer to as  "The 5 commandments of Crypto" to follow just through my noob experiences with doge. It's just common sense tactics that I think even stock traders use:

I. Thou shalt never invest more than thou can afford to lose
II. Thou shalt sell high and buy low
III. Thou shalt not keep all of thy eggs in one basket
IV. Thou shalt not invest in shit coins
V. Thou shalt not have paper hands


I'm still not convinced that doge is a shit coin yet, but I guess time will tell if I broke the 4th commandment of crypto on that one, lmao

I want to congratulate you on your achievement mate, I really happy for those persons who feel overwhelmed for winning their trading history, that is also what I can feel whenever I earn money for any ways of earning money. I just remember when I have also done trading with $200 of capital and I earned almost a half of it or $100, so the thing that I do first is just I pull out my capital and trade the money that I have earned, I just want to secure my capital to get back and just risk what I have earned from it.

I presume that "the last few days" takes your scalping trades to be somewhere between the 13 and 17th of this month, where the behaviour of your investment was in a clear ascend (https://coinmarketcap.com/currencies/dogecoin/). Now had you started on the 20th and tried the same until today, the result may well have been very different. Lucky strikes are something one can be glad about, but shifting the window of the timeframe a bit may render unforeseen results. That applies to bitcoin, dogecoin, or else.

Congratulations on the success you will get from trading crypto. However, keep in mind that you should never feel too satisfied and you should still be careful in trading. We will not know that in the future we will get more profit or even lose. because in trading and investing there will be 2 things that always accompany it, namely profit and loss. Just keep up the good work.

Congrats mate, what Worth it, what it, it's only who is serious achieve success and prosperity in he or her part,from my concept I have to noted that trading is what everyone can do and achieve if the measure or advantages is serious, unserious people.

Lol that's the best feeling about trading. No stress at all when trading the profit. But it also makes you be less accurate than you are when trading your own money, doesn't it?

And my congrats, OP.

Doubt it, most people do better when they are not under pressure, withdrawing your capital keeps you at ease and helps you make better decisions.

Congrats ones again,you are lucky to have made that much and also wise to withdraw your capital and trade with your profit, because greed have make a lot of people want to make two times there capital and they end up lossing there money