Trading, stockpiling or ICO

[Remulos]

I have around 100 GBP across various currencies and wallets which I trade occasionally to make very small profits. The problem is that because I am trading in such small amounts and I have the money spread across different wallets and exchanges, the exchange fees and tranfer costs are destroying any profit I make. If I condense everything into BTC in a single wallet I will probably loose a large percentage but I'm ok to do that if I have a game plan for that BTC, even if that plan is to just keep hold of it. I have been looking at ICO's and whether I know enough about the technology to make an educated decision and I've been looking at the UnikrnGold ICO in September for a possible game plan. What do you guys think? Should I a)Continue trading small amounts, breaking even on transactions and exchanges in the hope that one gives me a lucky boost, b)stockpile one or two currencies for 1+ years or c)Invest it all in an ICO and hope for a large return. I have followed the most basic rule of not trading what you can't afford to lose but I'd rather not lose it.

I currently have about 60% in BTC accross 2 wallets, 17% in ETH in 1 wallet, 9.9% in XRP on the exchange, 4.9% in SPHR on the exchange and 12% in QRL on the exchange. (the last one because I though it looked good).

What do you fine folks think?

P.S. I also mine ETH but that's more of an learning exersize and it's in a pool so it'll be ages before I get to the minimum withdrawal amount and it's not included.

[iamTom123]

Please find a way to increase your main capital so that you can trade more and your potential profits will not be eaten by the fees imposed by the exchange. As they say, putting your eggs in many baskets can be a good strategy as long as you are also doing your due diligence in selecting those baskets or investment tools/vehicles.

Investing in an ICO can be a profitable enterprise depending on the project. The one you just mentioned above has good reviews and there are already many who are waiting for Unikrn to open its doors. In fact, I am looking for its bounty programs (social media promotion) but I think they don't have any.

I am happy that you already learned the ins and outs of trading and that if you can find an additional capital then am sure that you will really be earning good amount of money in trading.

[Ammigo13]

You can simply keep coins in different purses and wait for a price increase if there is a fear of losing funds in trade or investment. The price is growing quite rapidly and you can also get a good profit after a while.

[n4poleon]

Do a little bit of both, you may want to increase your capital when trading. In line with fess, you may want to trade at bitsquare and etherdelta, but you'll have problem with volume, so there will be trade-offs for that. On stockpiling, it is good accumulate when the project has a good development team and the price is still low, low like less than $5 depends what's low on you. I'm not really fond of ICOs, in my opinion ICOs are are whales games.

[nexus99]

ICO can bring you a big profit if it's not a scam. Find an ICO you trust in and invest some funds into it. Do sufficient research about the long-term plan and vision of the chosen ICO and only if you are a 100% sure that it is something you can trust - invest in it

[okissabam]

ICO can bring you a big profit if it's not a scam. Find an ICO you trust in and invest some funds into it. Do sufficient research about the long-term plan and vision of the chosen ICO and only if you are a 100% sure that it is something you can trust - invest in it

I certainly agree with this. There are a lot of ICO projects right now that has really great upcoming projects and have the tendency to profit more in the future too. And the key ingredient to having huge profits is when you do your own research and follow their projects to see if its a scam or not. I ahve followed a couple of ICO projects right now and was thinking of investing some of it because I truly believe the ICO will be successful and the development is quite interesting too.

[darthmaul]

ICO can bring you a big profit if it's not a scam. Find an ICO you trust in and invest some funds into it. Do sufficient research about the long-term plan and vision of the chosen ICO and only if you are a 100% sure that it is something you can trust - invest in it

You can also checkout the bounties offered by them which are very profitable and almost free. You get paid for what you do and it's 100% profit because you don't pay a single penny for getting their ICO tokens, coins or airdrops. As these are promotional tokens they are free and you can later exchange when the ICO gets listed over the exchangers.

[Daimon88]

I have around 100 GBP across various currencies and wallets which I trade occasionally to make very small profits. The problem is that because I am trading in such small amounts and I have the money spread across different wallets and exchanges, the exchange fees and tranfer costs are destroying any profit I make. If I condense everything into BTC in a single wallet I will probably loose a large percentage but I'm ok to do that if I have a game plan for that BTC, even if that plan is to just keep hold of it. I have been looking at ICO's and whether I know enough about the technology to make an educated decision and I've been looking at the UnikrnGold ICO in September for a possible game plan. What do you guys think? Should I a)Continue trading small amounts, breaking even on transactions and exchanges in the hope that one gives me a lucky boost, b)stockpile one or two currencies for 1+ years or c)Invest it all in an ICO and hope for a large return. I have followed the most basic rule of not trading what you can't afford to lose but I'd rather not lose it.

I currently have about 60% in BTC accross 2 wallets, 17% in ETH in 1 wallet, 9.9% in XRP on the exchange, 4.9% in SPHR on the exchange and 12% in QRL on the exchange. (the last one because I though it looked good).

What do you fine folks think?

P.S. I also mine ETH but that's more of an learning exersize and it's in a pool so it'll be ages before I get to the minimum withdrawal amount and it's not included.

I would prefer stockpiling. I really don’t know much about trading coins and most times trading isn’t always too profitable because you might end up losing a good amount of your cash, but if I keep buying to keep, one day the price would go up and I would be able to sell for profit.

[offlinedragon]

I have around 100 GBP across various currencies and wallets which I trade occasionally to make very small profits. The problem is that because I am trading in such small amounts and I have the money spread across different wallets and exchanges, the exchange fees and tranfer costs are destroying any profit I make. If I condense everything into BTC in a single wallet I will probably loose a large percentage but I'm ok to do that if I have a game plan for that BTC, even if that plan is to just keep hold of it. I have been looking at ICO's and whether I know enough about the technology to make an educated decision and I've been looking at the UnikrnGold ICO in September for a possible game plan. What do you guys think? Should I a)Continue trading small amounts, breaking even on transactions and exchanges in the hope that one gives me a lucky boost, b)stockpile one or two currencies for 1+ years or c)Invest it all in an ICO and hope for a large return. I have followed the most basic rule of not trading what you can't afford to lose but I'd rather not lose it.

I currently have about 60% in BTC accross 2 wallets, 17% in ETH in 1 wallet, 9.9% in XRP on the exchange, 4.9% in SPHR on the exchange and 12% in QRL on the exchange. (the last one because I though it looked good).

What do you fine folks think?

P.S. I also mine ETH but that's more of an learning exersize and it's in a pool so it'll be ages before I get to the minimum withdrawal amount and it's not included.

The three options are really money spinners but it can only spin or make money for you if you know how to use your resources and brain effectively, trading in bitcoins would surely pull in money but is the stress what the little profit?

[Bluestreet]

ICO are pretty good to invest your money, but these days there are a lot of ICO coming on a daily basis and it have become hard to decide which one is good and which one is a melon, so we must invest our money wisely so as to cut the risk and hence the losses.

[BitcoinHodler]

this is a bad strategy with 100 GBP in my opinion.
you have to either increase your amount across those exchanges and different altcoins or bring all in one place and focus on trading one altcoin at a time. you can use some altcoin to withdraw for smaller fees. like using LTC for example: buy LTC on all exchanges except the one you want to really trade at, transfer all that LTC to that exchange and sell for bitcoin. now start trading with all the 100 GBP worth of bitcoin.

i wouldn't choose either a or b or c! just focus on 1 or 2 coins at a time and trade them: buy low, sell high and keep the profit there to invest in next.
turn 100 to 120 then 150 and so on until you reach a big amount.

[Specterminate]

go for stockpiling

you can't predict the market short term, but you can predict it long term

trading involved a lot of stress and can lead to sleepless night, you'll feel better once you've stockpilled

[muncuss]

Let say i have 0.02 btc for trading. I won't invest in ICO, it's to risky as now most ICO is going scam. maybe i'll find good project but i prefer to trade established coins. So with all my money in one exchange, i'll take half for long term and the other is for day trading. Coin like ETH is good for long term but for day trade, with small money i will never choose it. i'll going with cheap coin like XVG, it gives bigger profit.
potential small coin like XVG is good also for stockpiling but (with small money) it's better for day trading

[buwaytress]

go for stockpiling

you can't predict the market short term, but you can predict it long term

trading involved a lot of stress and can lead to sleepless night, you'll feel better once you've stockpilled

I hate to say this as well, but 100 pounds, in the scheme of crypto, isn't very much. I would also go for a stockpiling option. Hold everything in Bitcoin, it will surely increase long term, and then keep adding to it, no matter how small. My experience actually started a lot lower. I waded into crypto in September last year (yes, almost a year!) and, not unlike most newbies, hit the faucets heavily for the first few weeks. I wish I'd kept better records but I quickly realised it was useless. Numbingly taking as many faucets as I could from Xapo, moobitcoin and faucetbox was hard work with little to show for it.

But I do remember accumulating my first 1,000,000 satoshi by October - mainly from faucets and a few "lucky" hits from an Eth lottery! Mind you this not even $10 at the time. But today, that's worth over $40.

Anyway, I kept adding to it, slowly switching my freelance payments from Paypal and fiat to crypto. People paid a lot of alts worth almost nothing then. They got worth a lot more earlier this year, so I lucked out and kept adding to my BTC. I still don't have much today. But it's substantial in my book.

Do the same. Stockpile, keep learning. And when you've got something proper to trade or ICO with, then you change strategy.

[webtricks]

See currently your capital is incapable of being diversified and if you are looking to invest in more than 2-3 coins then it isnt a viable choice.
Alternatively, you should go for single (sure to profit) investment. ICO can be one option. Now don't fall for any ICO (I haven't read about one you mentioned). Do proper study before investing. Now proper study doesn't mainly include team, stability or project but simply the coin's expected profit in post-ICO period. Because you are investor, not backer.
So calculate and try to realize the possibility of different ICO and evaluate which gonna give you fast returns so you get back bigger capital and invest that in other coins.

[ladaZ]

I've had a somewhat successful go at ICOs. Generally I look for the following things when choosing them:

• Projects that already have a product, beta product or a very clear and concise road map of development and  delivery.
  
• I try to focus on projects that solve a particular problem for humans. I try to read the white paper multiple times before deciding whether their solution is a good/innovative one
• I try to check whether they have any competition, you'll be surprised how many projects are out there, many times, there's already another ICO/already set up business dealing with the same problem your project is trying to solve. I also try to pick project that allow for mass adoption (can normal people understand/use them?)
• I always pay a lot of attention to the team. I try to pic projects that have many developers in the team and a good track record delivering products in the past. I try to stay away from projects that are mainly headed by investors and marketers with lots of random advisors.
• I join all their slack, telegram and other groups and ask lots of questions about their white paper.
  
• I ask questions on Reddit so I can get more opinions and more questions to ask their telegram/slack channels
  
• I try to find whether their project has official support, specially if this support comes from governments or official agencies (case of Mothership that is supported by the country's eRecidency department)
• Using these guidelines I have invested in Mothership, Everex, Combi Coin, Bankera and Propy (I made the mistake of participating in this thing called Pillar but already got out, the teams seems like a bunch of dreamers with big ideas and not a clear plan on how to deliver them). I also bought OMG early in its career (I couldn't get into the ICO on time)

Hope this is helpful to you guys! I'm sure I'm not telling you anything you haven't heard before

[The Sceptical Chymist]

Trading is very risky, and I suspect that most traders lose money doing it, especially in crypto.

If I were you, I'd quit trading and just hold bitcoin.  Trading=gambling,and it can be fun, but it's based on luck more so than skill.  But do whatever you feel comfortable doing.  It's your money.

[michkima]

I have around 100 GBP across various currencies and wallets which I trade occasionally to make very small profits. The problem is that because I am trading in such small amounts and I have the money spread across different wallets and exchanges, the exchange fees and tranfer costs are destroying any profit I make. If I condense everything into BTC in a single wallet I will probably loose a large percentage but I'm ok to do that if I have a game plan for that BTC, even if that plan is to just keep hold of it. I have been looking at ICO's and whether I know enough about the technology to make an educated decision and I've been looking at the UnikrnGold ICO in September for a possible game plan. What do you guys think? Should I a)Continue trading small amounts, breaking even on transactions and exchanges in the hope that one gives me a lucky boost, b)stockpile one or two currencies for 1+ years or c)Invest it all in an ICO and hope for a large return. I have followed the most basic rule of not trading what you can't afford to lose but I'd rather not lose it.

I currently have about 60% in BTC accross 2 wallets, 17% in ETH in 1 wallet, 9.9% in XRP on the exchange, 4.9% in SPHR on the exchange and 12% in QRL on the exchange. (the last one because I though it looked good).

What do you fine folks think?

P.S. I also mine ETH but that's more of an learning exersize and it's in a pool so it'll be ages before I get to the minimum withdrawal amount and it's not included.

You are just trading using 100 GBP? Better increase your capital dude. That won't do a lot. Well if you are talking just about percentages you can profit from it, but generally you will be killed in fees. Fees will kill you because your capital is small and fees will take a huge percentage because it is fixed and not percentage based.

[jdarren]

Benn following unikoingold for months as well. Just got into their crowdsale for their platform and team. Thoughts? https://youtu.be/7sKeU0jqlMY