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Author Topic: What are your strategies to make money in cryptocurrency? Heres mine:  (Read 1484 times)
onetwostep
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August 12, 2017, 08:20:31 PM
 #41

I think so we have to buy waves, btc or ether and forget a few years...
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zzwensel11
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August 13, 2017, 06:19:32 PM
 #42

My strategy since long has been sticking to a spread of 70% bitcoin and 20% top-30 altcoins and 10% lower ranked coins. In the past I have been daytrading but found it not profitable enough in the long run. I have my other activities outside the cryptsphere that were starting to suffer when I was daytrading too much  Wink

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August 13, 2017, 06:53:51 PM
 #43

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 started earning bitcoins through joining signature campaigns then i exchange my coins for real money. After i earn much money for my daily life, I also try to invest building a mining rig but there's a pro's and con's in building a mining rig because the electricity consumption is very high so it will be depending on your'e area. Now i also trying to start trading and that's how i earn my profit, actually that is my 3 ways of earning. First is the signature campaign then My mining rig and lastly you really need to wait for your coins to rise up if your'e going into trading and you must control your emotions when your'e coins value is going down.

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August 14, 2017, 04:05:20 AM
 #44

It's always worth building a portfolio of bitcoin and altcoin. Technical analysis is good for coins with larger market cap, but it may be difficult to perform an analysis on new/small caps. For altcoins, look for technology that really stands out or something that you're interested in; I personally like Ardor, Golem etc., but there are plenty others that have huge growth opportunities as well.

Lastly, always manage your risks! It's always better to miss out on an opportunity, than to lose everything in a poor investment.
midelou
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August 14, 2017, 03:32:11 PM
 #45

The simple answer would be to buy low and sell high but sometimes when you buy low, the price falls further lower. Keeping my eye on SC and DGB.
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