What are your strategies to make money in cryptocurrency? Heres mine:

[ninjagod]

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.

[1714931002]

1714931002

[Velkro]

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.

ITs two edged sword, volatility is needed for big profits but also its needed for huge loses.
You never know if alt dip its RIP of that altcoin or just temporary thing. With Bitcoin its whole difirent world.

[hosseinimr93]

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.
 

[ninjagod]

ITs two edged sword, volatility is needed for big profits but also its needed for huge losses.

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.

[babar123]

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 !

[BitMaxz]

In altcoin it was hardly to decide or to speculate altcoin its just my own experience but there are altcoin that if bitcoin is going to increase the other altcoin was increasing too depends of the trends and i think staying in bitcoin is always much better if you can invest even 1 btc i think you can make a good profit with it or if you can invest more above 1 btc you can make profit for every short movement of the price of bitcoin that i think bitcoin will always increase its value because its growing normal and more business are using bitcoin as payment..
Unlike altcoin that they can be use only as alternatve and not usable to many website only few website are accepting those altcoin..
The best that i think you can make more money is to choose altcoin where most people are use and more site are accepting that i think it can stay for long.. like in the top rankings in coinmarketcap those are the best choice to invest that i think if the altcoin are still decreases you can be still holding them and wait for a long time to see the price will rise back again and make more profit unlike you are just investing in newly release altcoin or no value before there are still possibility that it can turn to high value but expect it will die back easily..

[mk4]

That could work for sure. Lots of people do the same strategy. The only problem is that there is no way for you to predict the markets; were sort of just making guesses. Altcoins can just randomly dip without any sign whatsoever. Best of luck, though.

P.S. Don't panic sell.

[odolvlobo]

They invested in unlikely opportunities that were significantly undervalued ...

A low price does not always mean undervalued. A coin could drop 50% and still be overvalued. You need more than just the price to know if a coin is undervalued.

... So most of the time they were wrong, and lost their investment, but... when they were right, it paid off big time.

If you always bet 00 on roulette, most of the you time will be wrong and lose your bet, but when 00 comes up it pays off big time. Still, you will lose money.

The difference between what you are doing and what the people portrayed in the movie were doing is analysis. You are not doing any analysis. You are just gambling.

[planaree]

It's probable that many altcoins will fail eventually, so be careful...

You can't slam dunk every time, and some ICOs raising millions without an MVP is a bit too much.

[socks435]

Not a good idea to go in your strategy.. you can be lose all of your investment..
The best that i think much better and less risk invest into altcoin which is already in the good rankings in coinmarket mostly they are investing in top 20 or top 10 altcoin in coinmarketcap because of them can stay long and if the price is not increasing today there are possibility that the price will increase high in few weeks or days. .than ICO that mostly good price in the first release in market but after few days you will see slowly decrease value until become no value so be careful to your own decision..

[MrEdd214]

As a newbie I've focused on mining altcoins (Blake, Decred, Nyan); it only cost me electricity. Some people are into buying coins from ICOs, but that is more of a risk than I can personally afford.

[Mink1993]

The most secure approach to benefit from bitcoin is to purchase it and keep it for several years. Quite simply, consider bitcoin as a long-term investment.The next, but a bit more high-risk approach, is to keep bitcoin via a forex broker at a leveraging of up to 5 times the price of your open up position.

[BTCforJoe]

Here's the thing about volatility in the cryptomarket... There is no guarantee, and you're literally risking everything you have. Quite honestly, you may be better off just hodling Bitcoin and gaining from the appreciation and rise of price vs. trying to always stay ahead of the curve with cryptos.

If you really want to try and earn some coin, there are some signature campaigns here that can earn you up to $100USD/week, which can add up for you if you just want to continue collecting in a wallet. 3 months of consistently posting quality content = $1,200USD.

Additionally, if you scour sites like XBTFreelancer.com and other sites, you can offer your services in exchange for Bitcoin.

I wouldn't really go about the micro-earnings way (like faucets) unless you have a good following and can get referral commissions and bonuses from their claims.

And join contests here, as well. You can earn some decent coin if you know where to look. Message me if you need more specifics; I'll be glad to help you out.

[tsaroz]

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.

I thought the same while I entered the trading market. But the coins that got low often got abandon before I could dump.
The only way to succeed in alt trading is to invest in the coins that have a something to stand out from the crowd.

[enhu]

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.

I thought the same while I entered the trading market. But the coins that got low often got abandon before I could dump.
The only way to succeed in alt trading is to invest in the coins that have a something to stand out from the crowd.

There are lots of those tokens like WAVES and ICN.

Strategies like buy low sell high always work but the timing can be very tricky.  You don't exactly know when to sell but since BTC keeps bouncing back to which you can profit, its best to stick to BTC. Some Investors prefer to make money with token crowdsale too.

[JasonK94Z]

How does a person join a signature campaign?

[Aleya]

How does a person join a signature campaign?

you are spamming here man.this answer did not deserv here in this post. dont try to spam in this forum.as a newbie you are not allow join to any signature campaign.all of campaign manager asked from jr rank to up for joining signature campaign.first rank up your account then you can join signature campaign,for joining signature campaign you have to added their signature to your profile and you have to apply for joining the campaign.its the normal rules, for more take help from this thread https://bitcointalk.org/index.php?board=39.0

[N1ghtcr4wl3r]

What I usually see with newbies running this strategy is that if after a while none of their investments goes big, they lose interest in trading and stop altogether, or, alternatively, they lose everything they were willing to invest and again, give up. But then again, I'm sure there are people who made tons of money on altcoins. It's all about timing and staying alert (and BTC volatility if you're after fiat).

[matthona]

If you want to be safe and want fixed amount of money then you can start your journey with signature campaign as it will pay you fixed amount of bitcoins on weekly basis and if you want to take some risk to multiply your earnings then you can invest your money in trading.

[in00]

Sell high - buy low