Hannahanto
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March 06, 2019, 07:31:19 PM |
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You are aiming too far or should we call it greed already?
You see profits then take it. Low or high as long as you could say it is profit. That is not even moving much of your muscle so we can say it is an easy job. You are already on your way into maybe making more but if you want to jump to a higher level then it could also be a trap.
Be wise. Take that money and then do it over and over again. Do not move way far that you might already be risking even your past profits.
Yah its hard to make a big gain with small profits. Being a trader calculated If i trade with $1500 how much i can take as a profit from $1500. Yes can make a decent profit everyday if sitting on day trading. Aim for a big investment and good turn over. Choose the best coins to invest.
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adzino
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March 06, 2019, 07:51:53 PM |
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Been involved in the crypto market about 18 months and getting back into it this year after not doing much at the end of last year. I am trying to figure out the best straggly for building my portfolio with the aim of 20x my investments is euro terms by year end by trading, long term investments or staking Since doing more trading in the last few months I have noticed a pattern. I seem to be able to double small investments in shit coins quickly like in a week or so and get 30-50% gains in a few days but cant compound that long term or with higher amount of cash. When I say low amount of cash I mean like 50€. I have one investment of 50€ and based on current estimates I should have doubled that in a few days Now obviously if I could compound that weekly or monthly it would be amazing but cant do it. Heck even if I could double €1000 every month and remove profits it would be life changing.
Any advice on moving to the next level or what I need to look at in order to reach my goals
You already know whats the problem over here. You are investing on those "shit" coins that can give you profit in the short run and also very quickly (though its risky). Eventually after few days the coin starts to lose its value (after the pumping and dumping is over) for which you are not able to make profit in the long term. Just invest and trade some well known coins. I am sure you will be doing better.
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shield132
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March 06, 2019, 08:01:46 PM |
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Been involved in the crypto market about 18 months and getting back into it this year after not doing much at the end of last year. I am trying to figure out the best straggly for building my portfolio with the aim of 20x my investments is euro terms by year end by trading, long term investments or staking Since doing more trading in the last few months I have noticed a pattern. I seem to be able to double small investments in shit coins quickly like in a week or so and get 30-50% gains in a few days but cant compound that long term or with higher amount of cash. When I say low amount of cash I mean like 50€. I have one investment of 50€ and based on current estimates I should have doubled that in a few days Now obviously if I could compound that weekly or monthly it would be amazing but cant do it. Heck even if I could double €1000 every month and remove profits it would be life changing.
Any advice on moving to the next level or what I need to look at in order to reach my goals
At first lay down a plan which is achievable, you want 20x of your investment every year? Imagine you invested 1000K and got 20x of investment which is 21000K, then next year got 20x of it and so on. You'll see unreal numbers in some years so I think from this you can clearly see how unachievable your aim is (well sometimes someone will achieve that luckily but that happens very, very rarely and it would happen if you invested money in bitcoin when it's price was some cents, you would achieve 1000x more profit. Don't risk much money in shitcoins, better to keep doing it the way you do.
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Indrawan77
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March 07, 2019, 03:02:06 AM |
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Shitcoin can give you more profit but it also get higher risk, to achieve your target it can't be done by only long term investment you need to trade more often and the aim of your coin need to shitcoin, the strong coin won't move too much, but my suggestion is not too focus on the profit too much in this bear market, shitcoin could make you lose money really quick, better play slow but get stable profit
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The Cryptovator
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Crypto Casino and Sportsbook
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March 07, 2019, 05:49:33 AM |
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Small gain isn't better than lose? I think so. It would be big if you have patience. Look like you want to be quick rich which isn't possible in my opinions. But you could make good profits, it doesn't mean your investment will 20X. Who know about crypto-currency trend ? May be it would 100X or nothing. But small gain would be profitable. Slowly increase your capital. Just sell coin when you have good profits. Don't be much greedy.
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TopT3ns
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March 07, 2019, 07:52:44 AM |
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Small gain isn't better than lose? I think so. It would be big if you have patience. Look like you want to be quick rich which isn't possible in my opinions. But you could make good profits, it doesn't mean your investment will 20X. Who know about crypto-currency trend ? May be it would 100X or nothing. But small gain would be profitable. Slowly increase your capital. Just sell coin when you have good profits. Don't be much greedy.
Wise suggestion, being greedy can make us suffer because we wouldn't ever feel that is enough for us. I think small capital or big capital or maybe small profit actually already very good than lose in trading activity.
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Noa_Amable
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March 07, 2019, 11:59:42 AM |
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Been involved in the crypto market about 18 months and getting back into it this year after not doing much at the end of last year. I am trying to figure out the best straggly for building my portfolio with the aim of 20x my investments is euro terms by year end by trading, long term investments or staking Since doing more trading in the last few months I have noticed a pattern. I seem to be able to double small investments in shit coins quickly like in a week or so and get 30-50% gains in a few days but cant compound that long term or with higher amount of cash. When I say low amount of cash I mean like 50€. I have one investment of 50€ and based on current estimates I should have doubled that in a few days Now obviously if I could compound that weekly or monthly it would be amazing but cant do it. Heck even if I could double €1000 every month and remove profits it would be life changing.
Any advice on moving to the next level or what I need to look at in order to reach my goals
try trading major coins, check news on the coins. if now news observed - use technical indicators (e.g. Ichimoku) or support/resistance levels. try day trading - and create a trading plan: how much are you planning to each all in all and per trade; how much you can lose (and probably set a stop loss); how long it may take approximately; and follow these rules. and also trade calm and cool. trading is a real stress and adding more of it will cause bad things to your health and your trading.
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MFahad
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March 07, 2019, 01:03:32 PM |
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You are aiming too far or should we call it greed already?
You see profits then take it. Low or high as long as you could say it is profit. That is not even moving much of your muscle so we can say it is an easy job. You are already on your way into maybe making more but if you want to jump to a higher level then it could also be a trap.
Be wise. Take that money and then do it over and over again. Do not move way far that you might already be risking even your past profits.
Yah its hard to make a big gain with small profits. Being a trader calculated If i trade with $1500 how much i can take as a profit from $1500. Yes can make a decent profit everyday if sitting on day trading. Aim for a big investment and good turn over. Choose the best coins to invest. Exactly, if we could gain first time from trading then why not we could earn second time from trading, we should prepare our mind and do it. As you talk about day trading, Yeah in day trading sit on laptop whole day and try to earn and follow the rule, that only invest on top 10 coins.
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Huskarls
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March 07, 2019, 11:50:03 PM |
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Well, i think you put too much expectation with crypto, it's actually not a stuff that make you become rich only with a few trading steps, if indeed there are those who claim to be able to double the balance just by relying on tricks and analysis, the possibility is only manipulation that they make themselves, actually now people will also think twice about buying assets at a higher price for no particular reason
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nydiacaskey01
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March 07, 2019, 11:53:55 PM |
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Been involved in the crypto market about 18 months and getting back into it this year after not doing much at the end of last year. I am trying to figure out the best straggly for building my portfolio with the aim of 20x my investments is euro terms by year end by trading, long term investments or staking Since doing more trading in the last few months I have noticed a pattern. I seem to be able to double small investments in shit coins quickly like in a week or so and get 30-50% gains in a few days but cant compound that long term or with higher amount of cash. When I say low amount of cash I mean like 50€. I have one investment of 50€ and based on current estimates I should have doubled that in a few days Now obviously if I could compound that weekly or monthly it would be amazing but cant do it. Heck even if I could double €1000 every month and remove profits it would be life changing.
Any advice on moving to the next level or what I need to look at in order to reach my goals
Your goal of multiplying your capital 20x in a year is kinda high if you ask me. Yes there are start up projects out there that are good and might help you in multiplying your capital 2x but not 20x that's high but it is your goal and we don't have the right to take that away from you. Just be safe in choosing what coin to buy and where to invest your money.
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forestx (OP)
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March 08, 2019, 12:47:03 PM |
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Thanks for the posts guys I see alot of optimism in the market at the moment and feel fairly confident myself although even if things go well it could take 2 years for me to reach my overall goals
The last coin I invested in I sold last night and got 58% profit in relation to BTC it was a low volume shit coin so there wasnt the potential to make huge money but it was a successful trade. I had my eye on a coin that pumped last week and has since gone down. While gutted I missed it I am still buying into it with my profits and hope to gain another 50% in a week or two. While 50% profit sounds amazing as I said it is low amount of capital my strategy at the moment is just to buy up more BTC for holding I am not taking out any profit .
I am off to a local BTC/Crypto meet up Monday so may talk to people there about ideas and so on
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Reid
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March 08, 2019, 12:57:53 PM |
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The next level is to keep on doing it.
All that small profit should be saved and be used to one bigger trade. Just take that ROI first then play with all the profits that you have made and you are good to go. There is not much risk to it and you will have more courage since it is all just profits from small dusty coins.
Be careful though into what you are trading if you are in large quantity. There is a large possibility that you will be the one who will be played.
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forestx (OP)
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March 08, 2019, 01:04:51 PM |
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Thats the plan I am successful in 70-80% of trades be they 1-2% gains or 50%+ But do have an issue managing losses I am looking on two coins for the next trade which is basically to test the system see if it works
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crwth
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March 08, 2019, 01:54:18 PM |
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Your percentages have already been great and if you are consistent like you are saying, then you could eventually go big and more profits will come your way. Having a success rate of 80% is a big percent and not achieved easily especially to those who are just getting started in it. I am looking on two coins for the next trade which is basically to test the system see if it works
If you could share it, what system are you talking about? Do you use a trading bot? Like Gunbot?
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joshy23
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March 08, 2019, 02:00:58 PM |
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Well, i think you put too much expectation with crypto, it's actually not a stuff that make you become rich only with a few trading steps, if indeed there are those who claim to be able to double the balance just by relying on tricks and analysis, the possibility is only manipulation that they make themselves, actually now people will also think twice about buying assets at a higher price for no particular reason
Which probably give them an idea to think deeper and analyze how they can benefits from such assets, you have to be very knowledgeable now and not just to relied with some knowledge, needs to open your minds into much wider view as you need to make some adjustment and not to expect a lot so you think wisely and grow with every situations.
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Question123
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March 08, 2019, 03:01:03 PM |
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Sometimes the shitcoin can give you profit compared to the potential coin. But literally the most good for the longterm is the potential coin because the price is more stable and good compared to the shitcoin which is you will not know when that coin die. Getting small profit is good because for sure you will choose that compared to losing your money.
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Slow death
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March 08, 2019, 04:49:22 PM |
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Been involved in the crypto market about 18 months and getting back into it this year after not doing much at the end of last year. it must have been enough time for you to have gained experience in this market, so I do not understand this: I am trying to figure out the best straggly for building my portfolio with the aim of 20x my investments is euro terms by year end by trading, long term investments or staking the price of bitcoin is $3900 X20 = $ 78000, this is something that can take more than 5 years to see or never see. ok, you can go in the altcoins that are mostly pump and dump schemes. But here in the altcoins, you must ask yourself: - How many altcoins will survive in 5 years? But if you target for a profit of 2X to 3X in the next 2 years, then you can achieve that with bitcoin and with little risk
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CryptoToxicAvenger
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March 08, 2019, 11:19:57 PM |
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Why don't you just try to slowly increase the amount. If you find a working strategy, use it. But never invest too much.
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Bijikopi
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March 09, 2019, 12:45:12 AM |
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Well, that's great! If I found such a pattern, I'd definitely milk it as much as possible until the strategy dies. Just always take risk into consideration and don't go all-in like an overconfident madman. Not because you're earning high percentages right now, it doesn't mean that it'll always be like that. It could simply stop working tomorrow.
to be able to benefit from bitcoin trading, we need a strategy. if we can get profits then we can sell directly and we can invest into other coins that are experiencing an upward trend, and this method can be done repeatedly until we can get a lot of profits. so the key to success is our precision to see an opportunity.
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Ararbermas
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March 09, 2019, 06:29:59 AM |
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I would suggest that keep taking small gains for now. Beacuse big gains will happen when market has a high volatility happening as moment will be higher at such instances . Also if you invest for long term you can make it big during that time .
true on this kind of situation only gaining small profits is the best strategy while market has not yet high volatility as well .rather than making a fundamental and keep waiting for the long run which just to make profits . because it's a wasting time indeed. Nowadays much better to become practical at least to regain losses.
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