Title: Newbies Hodle and profit in a Pumps and Dumps market. Post by: Franctoshi on April 21, 2022, 07:42:51 AM
Title: Re: Newbies Hodle and profit in a Pumps and Dumps market. Post by: uchegod-21 on April 21, 2022, 09:46:39 PM This is a very good tutorial for beginners and I am sure some pros do it and it actually works.
The title you gave this topic is inducing confusion in the main body of the topic. I said this because, in a pump and dump scheme, when the market dumps on you, you might not recover until the coin goes into extinction. It will be better if you say during bull and bear markets, green and red, high and low or dip. Using Pump and dump could be throwing the whole thing out of context. Title: Re: Newbies Hodle and profit in a Pumps and Dumps market. Post by: sunsilk on April 22, 2022, 12:29:13 AM That's really how it goes.
But when you've mentioned 'hodl'. It goes by a long term of holding and since you've just given an example, it's more than the profit that can be projected with that example. Not just a 2x or 3x but more than that or with the time that you've set on how long you're going to hold. Also, that's the usual way of holding, you can always cut it off as long as you've made profit. Title: Re: Newbies Hodle and profit in a Pumps and Dumps market. Post by: tranthidung on April 22, 2022, 02:01:12 AM My advice goes to
Title: Re: Newbies Hodle and profit in a Pumps and Dumps market. Post by: Darker45 on April 22, 2022, 02:35:28 AM That's trading. That's not hodling. And if you want to HODL a particular coin for a long time, you wouldn't be keeping it in an exchange wallet. You would withdraw that coin and store it in a wallet whose private keys are under your sole control.
Anyway, you're illustrating and making things look more complicated. But that's the basic arithmetic for somebody who wishes to trade. After all, trading simply means buy low sell high. But it is easier planned than done. Prices do not just go up and down all the time. Oftentimes, they go up and up and up, or down and down and down, or up and down and down and down, and so on. Been there done that. The result is that I've got a lot of coins and orders stuck in the exchange. Title: Re: Newbies Hodle and profit in a Pumps and Dumps market. Post by: Despairo on April 22, 2022, 02:43:47 AM The thing is those are just an expectations and guides, but the reality is different from your expectations and guides. You can easily say when the price increase 30% you will sell it and after it decrease 30% you will buy again. The reality is you bought the price on $2/each and the price decrease to $1/each, you will scared and continue to hold, but the price now is $0.5/each. Or let's say the price is increase to $2.2/each, but you thought $0.2/each profit is small, so you wait until it reach $3/each. But after several days, the price now decrease to $1.5/each.
Title: Re: Newbies Hodle and profit in a Pumps and Dumps market. Post by: cryptoaddictchie on April 22, 2022, 03:18:55 AM Thats technically a brief explanation of proper trading. You sell when it goes high and buy back when it goes down. Im sure there are many who are doing this, as typical description of buy low and sell high. I am doing this too, and somehow able to grab some profits. You can even set a higher price target so you would have more profits. If thats the selling point is still too low. Anyway, profit is profit.
Title: Re: Newbies Hodle and profit in a Pumps and Dumps market. Post by: Hyphen(-) on April 22, 2022, 03:40:31 AM A very good and brief explanation about how to get involved in profit, that's a very good guide, I hope it keep working that way as we all know how market fluctuates sometimes. But all its a matter of luck and this brief explanation will take us away from been greedy.
Title: Re: Newbies Hodle and profit in a Pumps and Dumps market. Post by: Lucius on April 22, 2022, 09:56:02 AM No one mentions taxes, and in most countries where cryptocurrencies are regulated, the income tax is above 10%, although it is mostly at a rate between 20% and even more than 50% (if I'm not mistaken in Japan) for those who profit the most. Of course you can forget the whole tax thing if you have methods to avoid tax control, but for those who use their bank accounts and centralized crypto exchanges, it's only a matter of time before you are invited to explain the origin of the money in your accounts.
Title: Re: Newbies Hodle and profit in a Pumps and Dumps market. Post by: hugeblack on April 22, 2022, 11:14:30 AM There are three main problems with pumping and differentiating coins:
- It is rarely to rising ATH again: Note that most of the altcoins fail to return to previous ATH levels. - The price of the rise is instant and in short periods: if you notice, the currency may reach the highest peak for only 10 minutes. - Trading volumes are controlled: many people fail to execute sell orders when the currency price goes crazy. - taxes and capital gain: most of crypto trading are taxed. Therefore, your model presented is not suitable for those Pump/dump coins But if your intention is to benefit from the pumping/dumping of the main cryptos, then this is how you make a profit from trading. Title: Re: Newbies Hodle and profit in a Pumps and Dumps market. Post by: Franctoshi on April 23, 2022, 11:55:29 AM This is a very good tutorial for beginners and I am sure some pros do it and it actually works. The title you gave this topic is inducing confusion in the main body of the topic. I said this because, in a pump and dump scheme, when the market dumps on you, you might not recover until the coin goes into extinction. It will be better if you say during bull and bear markets, green and red, high and low or dip. Using Pump and dump could be throwing the whole thing out of context. Noted and Got your point, but the whole idea or main information I'm trying to convey can be achieved only in a pump and dump market, so that was the purpose of using it as the subject matter. The thread particularly concerns the long term investor or holders not short term investor. using the current market senario as a case study, Imagine someone who used this method during this recent pumps and dumps should have got his portfolio increased or some sort of profits irrespective of wether the market drops on you or not because you're not looking into cashing out now you're looking into the future hodling for at least the period of 5 years , 10 years or more . Title: Re: Newbies Hodle and profit in a Pumps and Dumps market. Post by: Franctoshi on April 23, 2022, 12:10:19 PM That's really how it goes. But when you've mentioned 'hodl'. It goes by a long term of holding and since you've just given an example, it's more than the profit that can be projected with that example. Not just a 2x or 3x but more than that or with the time that you've set on how long you're going to hold. Also, that's the usual way of holding, you can always cut it off as long as you've made profit. Either ways, I did use either to profit or to increase your portfolio because we have different choices, so you can't take away the fact that some people will just choose to either maintain the same amount in the their portfolio while they take out those side profits and ride on, so it's just base on the choice of the investor to choose what they want. Title: Re: Newbies Hodle and profit in a Pumps and Dumps market. Post by: Franctoshi on April 23, 2022, 12:26:17 PM There are three main problems with pumping and differentiating coins: - It is rarely to rising ATH again: Note that most of the altcoins fail to return to previous ATH levels. - The price of the rise is instant and in short periods: if you notice, the currency may reach the highest peak for only 10 minutes. - Trading volumes are controlled: many people fail to execute sell orders when the currency price goes crazy. - taxes and capital gain: most of crypto trading are taxed. Therefore, your model presented is not suitable for those Pump/dump coins But if your intention is to benefit from the pumping/dumping of the main cryptos, then this is how you make a profit from trading. The main idea is focused mainly on the dumping/pumping of the main cryptocurrency, though I didn't state it clear. I guess majority of long term investors go into investing in the main crypto for safety purposes. Using buy and sell order and targeting price levels that could easily be achieved, though your capital matters . Title: Re: Newbies Hodle and profit in a Pumps and Dumps market. Post by: uchegod-21 on April 23, 2022, 12:39:01 PM This is a very good tutorial for beginners and I am sure some pros do it and it actually works. The title you gave this topic is inducing confusion in the main body of the topic. I said this because, in a pump and dump scheme, when the market dumps on you, you might not recover until the coin goes into extinction. It will be better if you say during bull and bear markets, green and red, high and low or dip. Using Pump and dump could be throwing the whole thing out of context. The thread particularly concerns the long term investor or holders not short term investor. <removed> Because you're not looking into cashing out now you're looking into the future hodling for at least the period of 5 years , 10 years or more . Title: Re: Newbies Hodle and profit in a Pumps and Dumps market. Post by: Franctoshi on April 23, 2022, 12:59:40 PM The thing is those are just an expectations and guides, but the reality is different from your expectations and guides. You can easily say when the price increase 30% you will sell it and after it decrease 30% you will buy again. The reality is you bought the price on $2/each and the price decrease to $1/each, you will scared and continue to hold, but the price now is $0.5/each. Or let's say the price is increase to $2.2/each, but you thought $0.2/each profit is small, so you wait until it reach $3/each. But after several days, the price now decrease to $1.5/each. That is why I clearly stated Long term investors and I believe you being a long term investor you're not in haste to sell wait for the market to come to you as it has always happened in the present market situation for the past 3 months now, meaning that you should have achievable selling and buying point (good entry and good exit ) don't be greedy and then apply patient. Title: Re: Newbies Hodle and profit in a Pumps and Dumps market. Post by: Green Land on April 23, 2022, 05:58:46 PM This is clear explain with the mathematical breaking it down base on individual profit expectation on the market movement, but the the word Hold, is for a long term holding, which pumps can add a great return investment.
Title: Re: Newbies Hodle and profit in a Pumps and Dumps market. Post by: pooya87 on April 24, 2022, 03:55:28 AM The main problem I see here is that you are assuming that the price of a pump and dump shitcoin you are bag holding is going to move in your favor. That is not realistic specially because of the type of the coin. In other words if you are bag holding something at $2 the most probably outcome is that it stays there and slowly loses value ($2 > $1.99 > $1.98) and it encourages more bag holding because you can't just sell at a small loss while continue losing money little by little.
The better strategy in my opinion is to not bag hold such shitcoins in first place but only buy them when you see the price is pumping from $2. This way you may think you are losing on a little bit of profit but you are actually reducing the risk you are taking and tremendously reducing the losses you could have experienced. You just buy at something like $2.2 then dump at $2.9. The best thing about this strategy is that your money is not locked up in some shitcoin forever wishing it would pump so that you can sell it. You always have your liquidity ready and can jump from shitcoin A to shitcoin B all the way to shitcoin Z and make small profit from all of them consistently. Obviously this is a lot of work but making money is never easy! Title: Re: Newbies Hodle and profit in a Pumps and Dumps market. Post by: GeorgeJohn on April 24, 2022, 04:44:47 AM Every one have it strategic way of trading, but op, it's advisable to buy coin when the price or market is low so that profit will be made, and selling of coins is good to sell when you see that profit will arrive at a given time and wait to return to the market to buy when the price goes low, what makes people lose both their capitals and profit, is because they are greedy enough and also anticipating that the market will keep accelerating to bump the market, so at give time of profit you are encouraged to withdraw and make your Profit.
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