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Author Topic: Your strategy in taking profit  (Read 788 times)
ololajulo (OP)
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October 19, 2020, 05:46:53 AM
 #121

am not denying the the fact that it is possible to obtain those kind of profits as people have done in the past, the issue is the difficulty of that task and whether or not newbie traders can do so reliably and the answer to that is no, a newbie trader cannot reasonably expect to obtain those kind of huge profits, the only ones that can do that reliably are the ones that truly understand the technology and spend their time reading hundreds of white papers until they find a project that is good and that no one else has noticed and then hold their coins for years.

And such a thing cannot be pulled off by a newbie which for the most part should just stick to bitcoin and even then the chances that they lose all their money are very high.
Low marketcap and price of coin give chances of larger profit. 500 million marketcap coin with large community and price lower than $0.02 can make 45x easily with consistency, the lower cap require smaller fund for pumping, just some buy back can do a lot to increase the price. Bitcoin at the present price looks difficult to make 20x. We may not have to talk about some dirty things that pumps the price but speculation goes with manipulation

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