Luckybrahh (OP)
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December 27, 2017, 01:05:37 PM |
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I've recently started to get serious in the crypto world and I'm absolutely fascinated with everything, the tech, the ideas, the price volatility and the overall buzz. I've 2x my initial investment already (BTC wise) in 18 days using what I presume is a very aggressive money management strategy and was wondering what is a reasonable ROI long term for your overall portfolio per month? If you started with £/$1,000 and doubled it every month then you'll be a millionaire this time next year. Crypto is getting more and more new investors and should continue to do so, we know that. Is 100% roi every 4 weeks outlandish if you're day trading full time or was this too small of a sample size?
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Soksuci
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December 27, 2017, 01:12:25 PM |
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I've recently started to get serious in the crypto world and I'm absolutely fascinated with everything, the tech, the ideas, the price volatility and the overall buzz. I've 2x my initial investment already (BTC wise) in 18 days using what I presume is a very aggressive money management strategy and was wondering what is a reasonable ROI long term for your overall portfolio per month? If you started with £/$1,000 and doubled it every month then you'll be a millionaire this time next year. Crypto is getting more and more new investors and should continue to do so, we know that. Is 100% roi every 4 weeks outlandish if you're day trading full time or was this too small of a sample size?
Well it depends. Nice for you to make double investment in BTC not fiat money, keep up the good work. Off course in crypto we have ups and downs, just make sure when downs you still hodling. Well it's to soon to judge of the sample size, but if you can keep up the good work you can be crypto guru. The answer to your question and based on my experience, 100%-200% per month is very possible. But when you already pro, 500-1000% is also possible
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hanskan
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December 27, 2017, 01:16:20 PM Last edit: December 27, 2017, 10:35:08 PM by hanskan |
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Everybody looks like a bloody genius in the bull market. You can easily double your money in a month, or even a week if you pick well / get lucky. But it can't and won't last. Enjoy while it does and make sure you withdraw your initial deposit with healthy interest
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chefbauer
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December 27, 2017, 01:18:25 PM |
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There is no "fixed" amount of money that you can earn per month, that is the first mistake that lot of newbies make.. You can not expect to earn $100 - $1000 - $10000, if you expect it, you are not going to earn anything, trust me.
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BitcoinHodler
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December 27, 2017, 01:44:07 PM |
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there really is no telling how much because this is a very unpredictable market. and it is affected by so many things, most of which are pretty strange!
for example whenever bitcoin is rising or falling, altcoins get dumped. and at times like that you will lose money all of a sudden with no reason.
also the altcoin trading is not always profitable. there are times when coins get pumped left and right but there are times nothing is happening anywhere.
not to mention that it depends on how experienced you are in trading in general and also in trading altcoins.
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Holding Bitcoin More Every Day
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Luckybrahh (OP)
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December 27, 2017, 02:02:23 PM |
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I've recently started to get serious in the crypto world and I'm absolutely fascinated with everything, the tech, the ideas, the price volatility and the overall buzz. I've 2x my initial investment already (BTC wise) in 18 days using what I presume is a very aggressive money management strategy and was wondering what is a reasonable ROI long term for your overall portfolio per month? If you started with £/$1,000 and doubled it every month then you'll be a millionaire this time next year. Crypto is getting more and more new investors and should continue to do so, we know that. Is 100% roi every 4 weeks outlandish if you're day trading full time or was this too small of a sample size?
Well it depends. Nice for you to make double investment in BTC not fiat money, keep up the good work. Off course in crypto we have ups and downs, just make sure when downs you still hodling. Well it's to soon to judge of the sample size, but if you can keep up the good work you can be crypto guru. The answer to your question and based on my experience, 100%-200% per month is very possible. But when you already pro, 500-1000% is also possible Thank you, I have been putting a lot of research towards this and have been seriously considering turning towards this full time. I wasn't around 5-6 years to invest and those people are already very wealthy but we are still in the early stages of crypto and if is the future which looks likely then it's no where near mass adoption. Where do you recommend learning technical analysis? Everybody looks like a bloody genius in the bear market. You can easily double your money in a month, or even a week if you pick well / get lucky. But it can't and won't last. Enjoy while it does and make sure you withdraw your initial deposit with healthy interest
You mean bull market and I'm well aware of people just picking coins and getting "lucky" however I am not your average punter, I AM Luckybrahh . There is no "fixed" amount of money that you can earn per month, that is the first mistake that lot of newbies make.. You can not expect to earn $100 - $1000 - $10000, if you expect it, you are not going to earn anything, trust me. Of course there is no fixed amount hence why I asked what would be an average roi long term. If we assume that growth rates are more or less sustainable at the current rate at least for the next year which is a fair assumption since the crypto market is still growing then that's a damn lot of money to be made.
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Stedsm
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December 27, 2017, 06:07:47 PM |
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I've recently started to get serious in the crypto world and I'm absolutely fascinated with everything, the tech, the ideas, the price volatility and the overall buzz. I've 2x my initial investment already (BTC wise) in 18 days using what I presume is a very aggressive money management strategy and was wondering what is a reasonable ROI long term for your overall portfolio per month? If you started with £/$1,000 and doubled it every month then you'll be a millionaire this time next year. You yourself defined the strategy to be "very aggressive", do you really think that it will always be in your favor to make a 100% putting all your capital on stake? When it's extremely aggressive, chances of losing are always high over winning trades and making 100% a month is like "too good to happen" every time (unless you're super lucky like Tim Sykes). Turning out any amounts to a larger one needs a well-planned money management and going harsh on your capital by trying to double it "all of a sudden" is not good. Crypto is getting more and more new investors and should continue to do so, we know that. Is 100% roi every 4 weeks outlandish if you're day trading full time or was this too small of a sample size?
Making 100% a month isn't impossible, but something too risky. Growing your capital slowly and establishing your plans into your management will help you get up in a much better way as well as provide you with a vast amount of learning experiences. If you're going to try this, do it with something you can afford to lose. I can only wish you good luck and pray that you succeed each month to choose the best investments. Remember, your choice is what it takes to make you a millionaire or a bankrupt.
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keyzersoze
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December 27, 2017, 07:42:15 PM |
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It all depends on how much risk you are willing to take, and how much energy you are willing to put into research.
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Imfinnabeon
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December 27, 2017, 09:28:32 PM |
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It all depends on how much risk you are willing to take, and how much energy you are willing to put into research.
And the market does need to be trending in a bull direction for most traders to obtain 100% in every 4 weeks time. Most won't know how to react or how to do things in a bear market that is why I say bull is necessary.
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harizen
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December 27, 2017, 09:39:14 PM |
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I've recently started to get serious in the crypto world and I'm absolutely fascinated with everything, the tech, the ideas, the price volatility and the overall buzz. I've 2x my initial investment already (BTC wise) in 18 days using what I presume is a very aggressive money management strategy and was wondering what is a reasonable ROI long term for your overall portfolio per month? If you started with £/$1,000 and doubled it every month then you'll be a millionaire this time next year. Crypto is getting more and more new investors and should continue to do so, we know that. Is 100% roi every 4 weeks outlandish if you're day trading full time or was this too small of a sample size?
First of all congrats on the output of your first phase trading. What you think is the reasonable amount then that's it as we have different views. Since profit in cryptos isn't regular basis, what matters here is ; we are gaining profits that we think worth the wait. Of course it's not $100 profit for a month or something like that. If you started with £/$1,000 and doubled it every month then you'll be a millionaire this time next year.
Yes this is possible but take note of the factors including all associated risks and must thing to do for that to happened. Even price pump hard much to the point that a trader will reached millionaire status it will all depend on their strategy.
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joinfree
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December 27, 2017, 09:48:53 PM |
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It all depends on how much risk you are willing to take, and how much energy you are willing to put into research.
That is the first mistake that a lot of people make when they want to start trading You can not just join in here or just start trading with fixed ideas of how much money are you going to make if you invest X amount of money, that is something that even the newbies know.
If you really want to make money, then the only thing that you can do is just start investing money for long term, not for a daily move. This is just what i think
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figmentofmyass
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December 27, 2017, 11:21:32 PM |
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I've 2x my initial investment already (BTC wise) in 18 days using what I presume is a very aggressive money management strategy and was wondering what is a reasonable ROI long term for your overall portfolio per month? everyone is a genius in a bull market. some of the best altcoin traders i know have some of the most painful drawdowns i've ever seen. altcoins are seasonal, so it's difficult to think about on a "per month" basis. they spend most of their time consolidating or downtrending vs. BTC. then during a small time window, they drastically outperform BTC. this means you could have several losing months with big drawdowns before making massive gains that eclipse those losses. this is a lot like poker players who specialize in large multi-table tournaments. they grind out long break-even and losing stretches for occasional massive wins. If you started with £/$1,000 and doubled it every month then you'll be a millionaire this time next year. the markets will never allow you do double your money every month. more likely, you'll go broke by being too aggressive without proper risk management. trading is a "slow and steady" job. you need to grind it out. this "get rich quick" talk is the hallmark of someone who is going to blow up their account if they don't wise up.
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LuanX3
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December 27, 2017, 11:50:31 PM |
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It really depends on your capital and risk appetite. It is quite easy to earn big if you risk it, though that also means that it is also quite easy to lose an equal amount of money in trading. Problem is, it is quite hard to determine where to invest in crypto, there are so much to look into and it's really hard to make a decision just based on speculation. Probably you can earn as much as 10% per month as income and that's really conservative.
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BitcoinGirl.Club
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December 27, 2017, 11:56:41 PM |
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The amount of money one can make in this time period will depend on how much money we are able to pump in ( initial deposit ) and the type of coins we are trading will matter. Everybody looks like a bloody genius in the bull market. You can easily double your money in a month, or even a week if you pick well / get lucky. But it can't and won't last. Enjoy while it does and make sure you withdraw your initial deposit with healthy interest
I like the strategy and this is what a good trader needs to do to avoid losing money should a long term dip happen.
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MinerHQ
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December 28, 2017, 12:15:37 AM |
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It all depends on how much risk you are willing to take, and how much energy you are willing to put into research.
And the market does need to be trending in a bull direction for most traders to obtain 100% in every 4 weeks time. Most won't know how to react or how to do things in a bear market that is why I say bull is necessary. Since we can't predict how markets react in a short time so I never target for a weekly or monthly profits instead I buy and keep coins until I make a profit. For that, the best way to check is yearly profits. In this 2017 I made a lot of profits from all my crypto investments even though now markets are down. I never check my profit on a monthly basis.
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adaseb
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December 28, 2017, 12:41:07 AM |
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There are many ways of making money with Crypto.
Hodling is one of them, but it won't always go up in a straight line.
If you want a job in the blockchain industry you really need to be at an advanced level of programming. Then you can get hired by some bitcoin service or exchange and make decent money. Since there is a shortage of workers these days who understand the technology.
There is also mining but its very unpredictable. Also who knows when ETH will go to POS and make all POW miners out of work.
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Luckybrahh (OP)
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December 28, 2017, 02:24:48 AM |
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I've recently started to get serious in the crypto world and I'm absolutely fascinated with everything, the tech, the ideas, the price volatility and the overall buzz. I've 2x my initial investment already (BTC wise) in 18 days using what I presume is a very aggressive money management strategy and was wondering what is a reasonable ROI long term for your overall portfolio per month? If you started with £/$1,000 and doubled it every month then you'll be a millionaire this time next year. You yourself defined the strategy to be "very aggressive", do you really think that it will always be in your favor to make a 100% putting all your capital on stake? When it's extremely aggressive, chances of losing are always high over winning trades and making 100% a month is like "too good to happen" every time (unless you're super lucky like Tim Sykes). Turning out any amounts to a larger one needs a well-planned money management and going harsh on your capital by trying to double it "all of a sudden" is not good. Crypto is getting more and more new investors and should continue to do so, we know that. Is 100% roi every 4 weeks outlandish if you're day trading full time or was this too small of a sample size?
Making 100% a month isn't impossible, but something too risky. Growing your capital slowly and establishing your plans into your management will help you get up in a much better way as well as provide you with a vast amount of learning experiences. If you're going to try this, do it with something you can afford to lose. I can only wish you good luck and pray that you succeed each month to choose the best investments. Remember, your choice is what it takes to make you a millionaire or a bankrupt. Of course not and nowhere did I mention I had all my eggs in one basket at once. I've been using the most fundamental strategy of buying low and selling high, good entry and exit points are skills I need to improve upon for maximum EV. Bankroll management is indeed a very crucial factor to be able to succeed in this area, luckily I have some experience. The goal isn't to just aim for 100% ROI every month, it's always about maximising returns and whether that is 100% long term is another question. Thank you for your input, I will relish this challenge. I've 2x my initial investment already (BTC wise) in 18 days using what I presume is a very aggressive money management strategy and was wondering what is a reasonable ROI long term for your overall portfolio per month? everyone is a genius in a bull market. some of the best altcoin traders i know have some of the most painful drawdowns i've ever seen. altcoins are seasonal, so it's difficult to think about on a "per month" basis. they spend most of their time consolidating or downtrending vs. BTC. then during a small time window, they drastically outperform BTC. this means you could have several losing months with big drawdowns before making massive gains that eclipse those losses. this is a lot like poker players who specialize in large multi-table tournaments. they grind out long break-even and losing stretches for occasional massive wins. If you started with £/$1,000 and doubled it every month then you'll be a millionaire this time next year. the markets will never allow you do double your money every month. more likely, you'll go broke by being too aggressive without proper risk management. trading is a "slow and steady" job. you need to grind it out. this "get rich quick" talk is the hallmark of someone who is going to blow up their account if they don't wise up. Well, funny you should say that since I am a full time poker player. I believe the mindset of a poker player approaches this situation differently as we are used to grinding out small edges which accumulate up over time. Also like a MTT you described there is a lot of "dead money" or huge value in these tournaments that your ROI long term would be much higher than say a 9 man SNG if you can endure the variance. So in a way, I see the market as simply a huge tournament where the hyped up late investors jumping on the wave when it's already near the top adding extra value to the price, then when you sell you're making a lot more than if you were competing in a field with savvy experienced investors. Good point with the seasonal aspect of altcoins, I knew this was a good period but not sure how often these periods last where the % gains are very high. What I know for sure is there is a ton of money to be made here but you need to be smart. There are many ways of making money with Crypto.
Hodling is one of them, but it won't always go up in a straight line.
If you want a job in the blockchain industry you really need to be at an advanced level of programming. Then you can get hired by some bitcoin service or exchange and make decent money. Since there is a shortage of workers these days who understand the technology.
There is also mining but its very unpredictable. Also who knows when ETH will go to POS and make all POW miners out of work.
I don't believe in the whole Hodling culture, it is a profitable strategy since overall Crypto is growing and not everyone has time to day trade but I don't believe it's nearly as profitable to day trade. Obviously there's a huge learning curve when it comes to trading but you could say that about anything you're seriously getting into. Nobody ever achieved anything great by not working hard. Thanks for the replies guys, still hunting out somewhere I can learn technical analysis, preferably with seasoned traders.
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Luckybrahh (OP)
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December 29, 2017, 02:18:15 AM |
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Bump for discussion
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Layonk
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December 29, 2017, 02:40:42 AM |
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I've recently started to get serious in the crypto world and I'm absolutely fascinated with everything, the tech, the ideas, the price volatility and the overall buzz. I've 2x my initial investment already (BTC wise) in 18 days using what I presume is a very aggressive money management strategy and was wondering what is a reasonable ROI long term for your overall portfolio per month? If you started with £/$1,000 and doubled it every month then you'll be a millionaire this time next year. Crypto is getting more and more new investors and should continue to do so, we know that. Is 100% roi every 4 weeks outlandish if you're day trading full time or was this too small of a sample size?
For long term, the profit will not calculate in monthly report but yearly report. If you want monthly check profit, i think middle term or short term trading you have to do. At least 30% of capital is reasonable profit.
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Low Sigma
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December 29, 2017, 02:52:08 AM |
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100% per month? No way... too much. I hope you don't try with leverage because you will blow up in no time, be careful.
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