How hard is it to make money of altcoins?

[Lexlaz]

I went from $650 to $1100 in one night investing in bnb then it crashed all the way to $400. I got very tilted and gambled it trying to win my profits back but I ended up down to $250 and am very fucking tilted. I need to make my initial investment of $650 back or I will lose my mind. How difficult is it to go from $250 to $650? I'm guessing its gonna take a miracle.

[michellee]

I went from $650 to $1100 in one night investing in bnb then it crashed all the way to $400. I got very tilted and gambled it trying to win my profits back but I ended up down to $250 and am very fucking tilted. I need to make my initial investment of $650 back or I will lose my mind. How difficult is it to go from $250 to $650? I'm guessing its gonna take a miracle.

there is always a miracle soon but you need to wait. I see you make profit $450 in one night but I guess you are late to sell bnb, right? there is not too difficult to go from $250 to $650 but it won't happen in one night again because people will do it in othe coins. this is important lesson you can get, sell while you are make profit and don't greedy just to expected bigger profit because in other second, the price can be down too far while you are missed the high price to sell your coins. my advice is better you wait again and hope that the price will be increase again soon.

[X7]

I went from $650 to $1100 in one night investing in bnb then it crashed all the way to $400. I got very tilted and gambled it trying to win my profits back but I ended up down to $250 and am very fucking tilted. I need to make my initial investment of $650 back or I will lose my mind. How difficult is it to go from $250 to $650? I'm guessing its gonna take a miracle.

Takes understanding and calculated risks - just slinging into a shitcoin and praying will take a small miracle otherwise...

[happyhours]

Low cap altcoins are very volatile and investing in them is a big gamble. The trick there is that once there is a pump sell a portions of your altcoins to get your initial investment back then let the profits ride.

[CrazyCreeptonaut]

Need to invest after a long research
if you are just starting its better to invest in an actual coin, not ICO token..
there are plenty POW coins that will grow

[LiGuBi]

Trading in Cryptoworld = discipline trading. Hold and have patience. If your purpose is short term trading then take any profit you can make. If your purpose is investing then keep it for months without looking at it, do these things and you will be rewarded with a lambo

[nydiacaskey01]

I went from $650 to $1100 in one night investing in bnb then it crashed all the way to $400. I got very tilted and gambled it trying to win my profits back but I ended up down to $250 and am very fucking tilted. I need to make my initial investment of $650 back or I will lose my mind. How difficult is it to go from $250 to $650? I'm guessing its gonna take a miracle.

If your way to increase your stash of altcoins is trading, set a goal or an exit price when you buy a coin. This is the same problem that I encountered few weeks ago when my $100 turned to $900 because of NEO but instead of selling I hold a little more thinking that it will continue to increase but it dropped when ghost month started. Always identify your exit price and move on, a 3% profit is better than 0%.

[rommelzkie]

I went from $650 to $1100 in one night investing in bnb then it crashed all the way to $400. I got very tilted and gambled it trying to win my profits back but I ended up down to $250 and am very fucking tilted. I need to make my initial investment of $650 back or I will lose my mind. How difficult is it to go from $250 to $650? I'm guessing its gonna take a miracle.

I suggest you always calculate your risk. For example 5% of your portfolio on every trade. For you to be safe on margin call. second, know the support and resistance level on higher time frames and make your exit or entry there. and lastly do not chase the rabbit. it will hurt you a lot. There is no miracle on trading everything happens based on news and price action.

[asepsetiawan1990]

do not ever get carried away with a high will without risk considerations. small research that will give you an idea of the risks you will get. Tranquility and caution are the keys to safe and small investment against risk.

[13abyknight]

In this altcoin world, it is seemingly easy to make quick cash and even easier to lose it all. If you find the right coin with your time at research about it, things are simplified and you can proceed to invest in the coin, cashout when it shoots up. Since you're telling us that you're tilted about your losses, just forget them and move on to better investments and as a tip, never gamble any of your coins.

[Beicin]

First thing you gotta do it: Stop going all in on "pump and dump" kinds of coins. Invest in coins with fundamentals and trade those pairs only by increasing your stack in bitcoin. The USD value doesnt matter, focus on building a larget stack of BTC and forget about the shitcoins, for every new millionaire they create, there are hundreds of stories like yours.

[hasmukh_rawal]

It is not hard at all if your strategy is good. I see that you didn't actually make any strategy and just gambled your investment on the coin.
You had the chance to withdraw your coins at $1100 but you became greedy enough to lose most of your money. You get a good lesson there and you must know to plan your strategy well even if you are gambling. Always set an achievable target and withdraw your coins if you have achieved your target. You cannot become a millionaire overnight unless you are damn lucky.

[jasindu36]

It feels very bad when you are in good profit but when you exit the trade you are in loss. You should  fix the target price so that at the right time when you are in profit you will exit your trades with profit . Trust yourself my friend you will again book good profit but have patience & always quit the trade before market drops. Fix small small targets so that you can recover your equity soon again. With proper research or planning you can always make money from altcoins & always control the greediness.

[VanKleiss]

I went from $650 to $1100 in one night investing in bnb then it crashed all the way to $400. I got very tilted and gambled it trying to win my profits back but I ended up down to $250 and am very fucking tilted. I need to make my initial investment of $650 back or I will lose my mind. How difficult is it to go from $250 to $650? I'm guessing its gonna take a miracle.

well it's really difficult to get your previous initial amount back to you if you want it to be done very quick, It takes some time to gain back what you have lost from different platforms, if you're going to deal with altcoin trading and you must have a target price before you pull out all that you have because usually once a certain coin's price has jumped sooner or later it will surely drop until it almost become a dead coin .

[kamina87]

I used to be like that, and I kept waiting for the next few months to come back up and of course it did not always rise again. It depends on the altcoin you are investing in and the news around you everyday

[Eric Cartman]

If you want to gamble go for a casino.

Altcoin investing is for long term

[AimHigh]

I went from $650 to $1100 in one night investing in bnb then it crashed all the way to $400. I got very tilted and gambled it trying to win my profits back but I ended up down to $250 and am very fucking tilted. I need to make my initial investment of $650 back or I will lose my mind. How difficult is it to go from $250 to $650? I'm guessing its gonna take a miracle.

Before when im newbie i don't understand what is the purpose of altcoin but im trying my best to search and understand it right now a little bit understanding.

Yes its hard to make money of altcoins need a patient and nice post, waiting if you are accepted or not. So that im trying my best giving always time.

[dreamhouse]

I guess all depends on the coin, if it is innovative then you probably make some money

[perla]

I went from $650 to $1100 in one night investing in bnb then it crashed all the way to $400. I got very tilted and gambled it trying to win my profits back but I ended up down to $250 and am very fucking tilted. I need to make my initial investment of $650 back or I will lose my mind. How difficult is it to go from $250 to $650? I'm guessing its gonna take a miracle.

maybe because you greedy and you really need some miracle, lost / profit in trading sometime really hit our mental. after big lost i think you need rest and no need to get your capital back man

[iluvbtc]

If you want to gamble go for a casino.

Altcoin investing is for long term

This is the correct answer