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Author Topic: What are your strategies to make money in cryptocurrency? Heres mine:  (Read 2066 times)
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August 04, 2017, 04:35:51 PM
 #21

If you hold enough different altcoins the individual performance of each one is not going to hurt or help you most likely since their variances cancel each other out for the most part. For example one might go to zero, but another is just as likely to double. What this strategy amounts to really is betting on the sector in general because even though on a case by case basis they will differ, in general they are highly correlated with each other and will go up and down with the crypto tide.
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August 06, 2017, 02:50:34 AM
Last edit: August 06, 2017, 03:33:58 AM by Jafri101
 #22

Your choice is good for trading in altcoins. Buy at low level and place an order to sell high. But i prefer earning by signature campaigns. You get the decent amount by posting constructive posts in different threads. Though trading is a good choice but that depends on luck also. In campaigns you get surity to earn handsome amount. So i prefer signature campains like i am following the one being managed by AVIRUNES.
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August 06, 2017, 03:34:07 AM
 #23

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 !

Agree! What do you think are the best periods?
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August 06, 2017, 03:48:05 AM
 #24

I personally am going for slow and steady gains with work added into the mix. I figure if I can invest a little portion of my monthly income into BTC I should be able to stack a coin after a few years. In the mean time, I have about .1 I've been playing around with on the market up to about .13 trading silly alt coins Smiley Cheers!
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August 06, 2017, 06:55:41 AM
 #25

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.

just do it! who care?

P.S. Don't panic sell.
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August 08, 2017, 07:00:37 AM
 #26

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.



That's a good inspiration so that means you are prepaid to lose too much. But on the other hand, you did right thing because most of the altcoins pump dramatically so I hope you picked the right coin.
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August 09, 2017, 11:44:16 AM
 #27

You need to do some reaseach, invest in a potential ICO, then hold the tokens for several years
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August 09, 2017, 12:10:43 PM
 #28

Easiest strategy for money making with Bitcoin is:

Buy now
Hold for some years
Grab big profits

The end, without any effort 
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August 09, 2017, 06:00:43 PM
 #29

Why don't you think that the value of the coin will go further down? Like you bought some altcoin at 50% and in the next day it may still fall. This is what exactly happened to me.

 
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August 09, 2017, 06:00:56 PM
 #30

Why don't you think that the value of the coin will go further down? Like you bought some altcoin at 50% and in the next day it may still fall. This is what exactly happened to me.

 
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August 10, 2017, 03:19:59 PM
 #31

My strategy is to buy at the bottom and sell it on the top, it is not working always because the price of a coin doesn't go to the bottom so i am just buying at the dips or lower prices and i am selling it on a high price or expensive price to earn some profit.

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August 10, 2017, 03:49:11 PM
 #32

Personally, I like lending a small amount of coins on Poloniex and use a Bot to monitor the trades. This to me seems like a lesser of a gamble, and coins can still go up in value.
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August 10, 2017, 06:47:32 PM
 #33

My strategy is to buy at the bottom and sell it on the top, it is not working always because the price of a coin doesn't go to the bottom so i am just buying at the dips or lower prices and i am selling it on a high price or expensive price to earn some profit.

Thats what we are all trying to do... sounds easy, but it isnt Sad
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August 10, 2017, 07:30:14 PM
 #34

Personally, I like lending a small amount of coins on Poloniex and use a Bot to monitor the trades. This to me seems like a lesser of a gamble, and coins can still go up in value.

What kind of bot do you use? I use poloLender, and the profit seems to be around 4% per year. My philosophy is that the bot creates more and more bitcoin, hence it is actually worth quite a bit more than 4% a year.
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August 10, 2017, 08:27:27 PM
 #35

Right now I use poloniexlendingbot (PLB) since I don't feel like leaving a PC on all the time. I been meaning to look into cryptolend.net and/or maybe setup an AWS machine in the future. PLB does charge 10% of interest gains, but it's easy to setup and requires no effort. I made roughly 10% in almost a year, and like you mentioned, the gains you made continue to grow. Compound interest for Bitcoin's Smiley .
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August 11, 2017, 11:05:00 AM
 #36

My strategy is to buy at the bottom and sell it on the top, it is not working always because the price of a coin doesn't go to the bottom so i am just buying at the dips or lower prices and i am selling it on a high price or expensive price to earn some profit.

Thats what we are all trying to do... sounds easy, but it isnt Sad

Well, I'm definitely not the best when talking about trading cryptocurrencies, but I think I've learned alot due to my mistakes and losses in the past. Day trading cryptocurrencies is definitely not for the impatient. Being very impatient can cause you to panic buy and panic sell alot due to thinking "omg it's crashing, I need to sell it asap before it goes lower". Then what happens after you sold your coins? It goes back up. Same with vice versa.

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August 11, 2017, 02:39:06 PM
 #37

My strategy is to buy at the bottom and sell it on the top, it is not working always because the price of a coin doesn't go to the bottom so i am just buying at the dips or lower prices and i am selling it on a high price or expensive price to earn some profit.

Thats what we are all trying to do... sounds easy, but it isnt Sad
Its lower possibility will work fine to buy at the bottom and sell it at the top. Only works if you guys do heavy homework following the project in what you wish to invest. Though its risky job, but its not big matter to gain the success.

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August 11, 2017, 02:55:58 PM
 #38

It is pretty hard to be a successful trader over a long period of time. Yes, you can be lucky with a few trades, but very people succeed with trading in the long run. My strategy is therefor the same as I use with stock investments, buy and sit long. If you buy stocks in solid companies who make money, the stock value will rise.

I have the same strategy with bitcoin, buy and sit long.
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August 11, 2017, 11:47:19 PM
 #39

Right now I use poloniexlendingbot (PLB) since I don't feel like leaving a PC on all the time. I been meaning to look into cryptolend.net and/or maybe setup an AWS machine in the future. PLB does charge 10% of interest gains, but it's easy to setup and requires no effort. I made roughly 10% in almost a year, and like you mentioned, the gains you made continue to grow. Compound interest for Bitcoin's Smiley .
I use my own linux server for hosting, they are cheap these  days.

PM me if you need help setting your own bot on a server
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August 12, 2017, 05:44:34 PM
 #40

As in the real market, its possible to make money day trading alt coin, or holding lots of them hoping to hit a home run

But as in any investment you cannot have all your fund allocated to extremely risky investment.

Even bitcoin is risky but less so then alt coin. If I had 1000$ to invest in crypto, I would probably go something like 650$ in BTC. 200$ in proven alt coin like LTC for exemple, and 150$ in long shots.

But that's just me.
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