2% a day Challenge, compound interest.

[alejandrosn1998]

Hello guys. So I ran across all these lending platforms, noticing something that caught my eye. Before anyone mentions it, I DO NOT IN ANY WAY SUPPORT, LIKE ,HAVE INTEREST IN, nor have used any lending platforms. But I noticed that they offer a .5%-2% daily return. Making that in crypto isn't necessarily hard to be honest. I also ran across this website http://compoundaily.com/ where I found out that if you start with $1000 USD and you make 2% a day for 365 days, while reinvesting your profits, you come out with $1,376,401 USD at the end of the 365 days. But obviously in crypto we are not necessarily looking at USD price. I started this "Challenge" with .1 BTC, in a new portfolio and in a mindset where 1 BTC will always be $10,000. Why? Well so I can track progress easier, and see what goals I need to hit to be on track. Example: I start with .1000 BTC (Im using 3 zeros to resemble $1000 USD), and on day 30 I should have .1811 BTC if I make 2% daily. I know its not well written or well explained, the "Challenge" or idea that I have in my head, but if any of you guys want to know exactly what I mean let me know, maybe I can explain a little bit better in a voice call or in private messages, and we can start this challenge together with weekly reports and see where we are at. Maybe help each other out. 

[BlockEye]

First of all, You must indicate above what project/investment you will use for this challenge because if it's just a ponzi investment site then a big NO for it. Having a fixed interest daily which in your OP 2% is very hard on crypto investment considering the volatility of the price. The only thing I know that gives a sure income daily is thru mining and besides that, All investment site that offers a daily fixed income is ponzi. I'm interested on what's your thought. You can reply me here a detailed explanation on what actually running on your mind regarding this topic.

[alejandrosn1998]

First of all, You must indicate above what project/investment you will use for this challenge because if it's just a ponzi investment site then a big NO for it. Having a fixed interest daily which in your OP 2% is very hard on crypto investment considering the volatility of the price. The only thing I know that gives a sure income daily is thru mining and besides that, All investment site that offers a daily fixed income is ponzi. I'm interested on what's your thought. You can reply me here a detailed explanation on what actually running on your mind regarding this topic.

Well the thing, I'm not using any ponzi investment site, its just an exchange. Attempting to trade to essentially profit 2% a day. It doesnt have to be exactly 2% a day, but can it should be my/yours average.

Detailed explanation:
Start with a capital of X amount of BTC, with the volatility in crypto and a little bit of technical analysis and a little bit of fundamental analysis (Dont need to be a expert in either or, just know basic). Knowing how to read order books, volume and simple indicators attempt to make around 2% daily on your initial investment. Its more so a challenge, which is why I made a completely new Exchange account. In my eyes 2% can be made in bear market, in crypto, and obviously in a bull market. Let me know if I explained a little better. P.S. I SUCK AT WRITING DOWN THE IDEAS, AND EXPRESSING WHAT I HAVE IN MY HEAD

[alejandrosn1998]

Let me know what you think, sorry I dont really know how to reply and what not.

[cynical]

so assuming the exchange is a well know one like Bittrex, Bitfinex, Poloniex etc. this is your own idea.
will your target of 2% per day mean you spend quite a lot of time on the exchange?

If the exchange is not one of the regular trading ones i suspect it would be a HYIP type site although they tend to give at least 3% per day.

[alejandrosn1998]

Yes, I'm doing this on binance, but thought about moving to bittrex, might even do it on both. Its more so a challenge. Let me know if you are willing to do it with me. One can even start with $100 USD or .01 BTC and in 365 days you end up with $137,XXX USD or 13BTC. Let me know, maybe we can start a discord or telegram

[alejandrosn1998]

so assuming the exchange is a well know one like Bittrex, Bitfinex, Poloniex etc. this is your own idea.
will your target of 2% per day mean you spend quite a lot of time on the exchange?

If the exchange is not one of the regular trading ones i suspect it would be a HYIP type site although they tend to give at least 3% per day.

Yes, I'm doing this on binance, but thought about moving to bittrex, might even do it on both. Its more so a challenge. Let me know if you are willing to do it with me. One can even start with $100 USD or .01 BTC and in 365 days you end up with $137,XXX USD or 13BTC. Let me know, maybe we can start a discord or telegram Cheesy

[adrov]

so assuming the exchange is a well know one like Bittrex, Bitfinex, Poloniex etc. this is your own idea.
will your target of 2% per day mean you spend quite a lot of time on the exchange?

If the exchange is not one of the regular trading ones i suspect it would be a HYIP type site although they tend to give at least 3% per day.

Yes, I'm doing this on binance, but thought about moving to bittrex, might even do it on both. Its more so a challenge. Let me know if you are willing to do it with me. One can even start with $100 USD or .01 BTC and in 365 days you end up with $137,XXX USD or 13BTC. Let me know, maybe we can start a discord or telegram Cheesy

First do it, figure out what ever your theory works out or not. Then you can tell us about it :=)

[mrbnson]

These ideas are all very well and good in theory and you might find you can better 2% a day in the early days but when you get to be trading with 6 figures and especially nearing the end of your challenge when you have over $1m it will be so so difficult to make 2% a day. You will be a whale at that point and that changes things.

[alejandrosn1998]

These ideas are all very well and good in theory and you might find you can better 2% a day in the early days but when you get to be trading with 6 figures and especially nearing the end of your challenge when you have over $1m it will be so so difficult to make 2% a day. You will be a whale at that point and that changes things.

Not necessarily, if I do get to that point, I would put money into several coins that I see that will potentially give me the 2%ish return. Doesn't have to be all in 1 coin.

[tmfp]

Start with ..... a little bit of technical analysis and a little bit of fundamental analysis (Dont need to be a expert in either or, just know basic). 

There is a saying "A little knowledge is a dangerous thing".
You may be about to find out why.

I found out that if you start with $1000 USD and you make 2% a day for 365 days, while reinvesting your profits, you come out with $1,376,401 USD at the end of the 365 days.

Why stop there? After three years you'll be up $2,613,292,844,427....

a .5%-2% daily return. Making that in crypto isn't necessarily hard to be honest.

Are you speaking from experience?

[drachman]

Hello guys. So I ran across all these lending platforms, noticing something that caught my eye. Before anyone mentions it, I DO NOT IN ANY WAY SUPPORT, LIKE ,HAVE INTEREST IN, nor have used any lending platforms. But I noticed that they offer a .5%-2% daily return. Making that in crypto isn't necessarily hard to be honest. I also ran across this website http://compoundaily.com/ where I found out that if you start with $1000 USD and you make 2% a day for 365 days, while reinvesting your profits, you come out with $1,376,401 USD at the end of the 365 days. But obviously in crypto we are not necessarily looking at USD price. I started this "Challenge" with .1 BTC, in a new portfolio and in a mindset where 1 BTC will always be $10,000. Why? Well so I can track progress easier, and see what goals I need to hit to be on track. Example: I start with .1000 BTC (Im using 3 zeros to resemble $1000 USD), and on day 30 I should have .1811 BTC if I make 2% daily. I know its not well written or well explained, the "Challenge" or idea that I have in my head, but if any of you guys want to know exactly what I mean let me know, maybe I can explain a little bit better in a voice call or in private messages, and we can start this challenge together with weekly reports and see where we are at. Maybe help each other out. 

Sorry to say this to you but that is a lot harder than you think, people see that low figure and think well the should be easy but if it was that easy then everyone will be a millionaire and that is not the case, in fact earning 5% to 10% per month is really difficult, when the market is pumping it may seems that is very easy but the market is doing all the work for you it is in the current conditions in which we find out who are the real traders and who are the people that just think that are traders.

[alejandrosn1998]

Hello guys. So I ran across all these lending platforms, noticing something that caught my eye. Before anyone mentions it, I DO NOT IN ANY WAY SUPPORT, LIKE ,HAVE INTEREST IN, nor have used any lending platforms. But I noticed that they offer a .5%-2% daily return. Making that in crypto isn't necessarily hard to be honest. I also ran across this website http://compoundaily.com/ where I found out that if you start with $1000 USD and you make 2% a day for 365 days, while reinvesting your profits, you come out with $1,376,401 USD at the end of the 365 days. But obviously in crypto we are not necessarily looking at USD price. I started this "Challenge" with .1 BTC, in a new portfolio and in a mindset where 1 BTC will always be $10,000. Why? Well so I can track progress easier, and see what goals I need to hit to be on track. Example: I start with .1000 BTC (Im using 3 zeros to resemble $1000 USD), and on day 30 I should have .1811 BTC if I make 2% daily. I know its not well written or well explained, the "Challenge" or idea that I have in my head, but if any of you guys want to know exactly what I mean let me know, maybe I can explain a little bit better in a voice call or in private messages, and we can start this challenge together with weekly reports and see where we are at. Maybe help each other out. 

Sorry to say this to you but that is a lot harder than you think, people see that low figure and think well the should be easy but if it was that easy then everyone will be a millionaire and that is not the case, in fact earning 5% to 10% per month is really difficult, when the market is pumping it may seems that is very easy but the market is doing all the work for you it is in the current conditions in which we find out who are the real traders and who are the people that just think that are traders.

Hello, I see where you are coming from, this is a very volatile market, like everyone knows. I've been making 1.5-3% consistently for around a week now. I do cut my losses and I pride myself in risk management. What I have been trying to improve is not getting greedy. This is a challenge that I am doing in a new portfolio which is why I am just taking 1-3% profits and cutting my losses fairly early. I have been stuck watching charts for about 12 hours a day, which is why I think I can/will accomplish this. It does sound to good to be true, although I do think its something that one can achieve. I would be more than glad to get into a call with anyone and see everyones side and opinions on this

[alejandrosn1998]

Start with ..... a little bit of technical analysis and a little bit of fundamental analysis (Dont need to be a expert in either or, just know basic). 

There is a saying "A little knowledge is a dangerous thing".
You may be about to find out why.

I found out that if you start with $1000 USD and you make 2% a day for 365 days, while reinvesting your profits, you come out with $1,376,401 USD at the end of the 365 days.

Why stop there? After three years you'll be up $2,613,292,844,427....

a .5%-2% daily return. Making that in crypto isn't necessarily hard to be honest.

Are you speaking from experience?

With a little knowledge is a dangerous thing, I agree with you, I do have knowledge in both, I am not an expert but do know alot more than the basic so I'm not really worried about that. And on the in three years..... um there will obviously be losses so I dislike your sarcasm, and yes I am speaking from some experience.

[strongwarrior238]

Hello guys. So I ran across all these lending platforms, noticing something that caught my eye. Before anyone mentions it, I DO NOT IN ANY WAY SUPPORT, LIKE ,HAVE INTEREST IN, nor have used any lending platforms. But I noticed that they offer a .5%-2% daily return. Making that in crypto isn't necessarily hard to be honest. I also ran across this website http://compoundaily.com/ where I found out that if you start with $1000 USD and you make 2% a day for 365 days, while reinvesting your profits, you come out with $1,376,401 USD at the end of the 365 days. But obviously in crypto we are not necessarily looking at USD price. I started this "Challenge" with .1 BTC, in a new portfolio and in a mindset where 1 BTC will always be $10,000. Why? Well so I can track progress easier, and see what goals I need to hit to be on track. Example: I start with .1000 BTC (Im using 3 zeros to resemble $1000 USD), and on day 30 I should have .1811 BTC if I make 2% daily. I know its not well written or well explained, the "Challenge" or idea that I have in my head, but if any of you guys want to know exactly what I mean let me know, maybe I can explain a little bit better in a voice call or in private messages, and we can start this challenge together with weekly reports and see where we are at. Maybe help each other out. 

We can see that the market in recent days is fluctuating continuously and extremely complex, bitcoin and altcoin prices have been steadily declining over the past few days, indicating that the market is in a hurry. It is very reasonable to get 2% of your profits each year. According to my analysis, bitcoin prices will continue to fall sharply in the coming days and will continue to fall to the $ 7100 mark.

[alejandrosn1998]

Hello guys. So I ran across all these lending platforms, noticing something that caught my eye. Before anyone mentions it, I DO NOT IN ANY WAY SUPPORT, LIKE ,HAVE INTEREST IN, nor have used any lending platforms. But I noticed that they offer a .5%-2% daily return. Making that in crypto isn't necessarily hard to be honest. I also ran across this website http://compoundaily.com/ where I found out that if you start with $1000 USD and you make 2% a day for 365 days, while reinvesting your profits, you come out with $1,376,401 USD at the end of the 365 days. But obviously in crypto we are not necessarily looking at USD price. I started this "Challenge" with .1 BTC, in a new portfolio and in a mindset where 1 BTC will always be $10,000. Why? Well so I can track progress easier, and see what goals I need to hit to be on track. Example: I start with .1000 BTC (Im using 3 zeros to resemble $1000 USD), and on day 30 I should have .1811 BTC if I make 2% daily. I know its not well written or well explained, the "Challenge" or idea that I have in my head, but if any of you guys want to know exactly what I mean let me know, maybe I can explain a little bit better in a voice call or in private messages, and we can start this challenge together with weekly reports and see where we are at. Maybe help each other out. 

We can see that the market in recent days is fluctuating continuously and extremely complex, bitcoin and altcoin prices have been steadily declining over the past few days, indicating that the market is in a hurry. It is very reasonable to get 2% of your profits each year. According to my analysis, bitcoin prices will continue to fall sharply in the coming days and will continue to fall to the $ 7100 mark.

2% yearly is obviously easy in crypto Sir, I am talking about 2%ish EVERY DAY. And please stay on topic nobody is asking for your analysis nor bitcoin price prediction.

[rommelzkie]

^ Nice share sir. 2% target is very easy to achieve when trading crypto because of the volatility. How about losses? Do you create stop loss on your trades? what is your minimum percentage loss per day? 2% also?

[alejandrosn1998]

^ Nice share sir. 2% target is very to achieve when trading crypto because of the volatility. How about losses? Do you create stop loss on your trades? what is your minimum percentage loss per day? 2% also?

It can change for alot of reasons. Since lately I have alot of free time on my hand, I can usually get 2% around 2-3 times a day, so depending on hoy im doing that day will vary how much the stop loss is. If you are interested let me know, maybe we can chat in a discord and help each other out and do weekly progress. You can start the challenge with $1000 and come out with $1m, even $100 and come out with $136k. Let me know .

[rommelzkie]

^ I dont have discord and i dont know how to use that because im not a gamer. 

However you can make a group in telegram and show us here the link so that we can share ideas.

[alejandrosn1998]

^ I dont have discord and i dont know how to use that because im not a gamer. 

However you can make a group in telegram and show us here the link so that we can share ideas.

Here is a Telegram that I just made

https://t.me/joinchat/Ho5mpw-RUyIFE7JrFUdZow