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Author Topic: Experiment , generate more bitcoin by buying TOP 10 alt-coins 2020.  (Read 369 times)
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January 16, 2020, 01:10:02 PM
 #41

And I still believe most of the alts are shitcoins. Most of them sustained with Chinese people buying them like crazy. As the economic slowdown appears in China, more people would be selling them to have a dinner. NEO makes an instant failure in my analysis. Many exchanges too would suffer and hence, Chinese exchanges tokes too would be a bad choice.
https://edition.cnn.com/2020/01/13/economy/china-2020-economy/index.html
I refuse to believe you, even if a coin is a shitcoin and many are adopting it nothing bad will happen not to talk of these Chinese coins like you mentioned, bitcoin founder himself is asian right? And most top coins are asian projects, this shows that asian are better at this than other part of the world

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January 16, 2020, 01:20:15 PM
 #42

I agree that these alts are good but i think there are many under rated projects that are just hidden under the cover due to elongated bears but i think they will easily make 50 to 100x in next bull run. Some of such projects in my opinion include power ledger, wepower, amon card, Atlant ATL, Utrust and SNX.
In thousands of altcoin that surround with cryptocurrency, most of them are underrated. There are many altcoins are made only to scam people or for listing purposes. That's why they are not good also to be our investment especially if you are the first one to buy that. In cryptocurrency, the more you underrated coin, the more your investment gone.
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January 16, 2020, 01:28:52 PM
 #43

This is not a good way at the moment, the current market is focused on bitcoin. Investors are currently selling all altcoins to move to bitcoin, and if you buy altcoin at this point, you will definitely lose if you convert it to BTC afterther. This method is only suitable for altcoin season and currently the altcoin season has not yet appeared and every is still going down every day.

This why this is experiment, i have made my portfolio public you can follow the research, im up 0.05BTC Smiley  https://www.cryptocompare.com/portfolio-public/?id=461600

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January 16, 2020, 01:31:38 PM
 #44

Nah, I dont think this will work as most altcoins are useless and might give you some good lose if they cannot comeback from their huge dump. I wouldnt take this risk, I prefer to hold my bitcoins that to risk my funds buying altcins that doesnt have the guarantee to increase in the long run.

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January 16, 2020, 02:01:58 PM
 #45

Good thinking but what do you think will happen if all altcoind failed to surge right after bitcoin hit a new all time high value? The point here is no one can predict the future, it's better to play safe by including bitcoin in your portfolio, in fact 70% of your holdings should be on bitcoin

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January 16, 2020, 02:32:49 PM
 #46

And I still believe most of the alts are shitcoins. Most of them sustained with Chinese people buying them like crazy. As the economic slowdown appears in China, more people would be selling them to have a dinner. NEO makes an instant failure in my analysis. Many exchanges too would suffer and hence, Chinese exchanges tokes too would be a bad choice.
https://edition.cnn.com/2020/01/13/economy/china-2020-economy/index.html
I refuse to believe you, even if a coin is a shitcoin and many are adopting it nothing bad will happen not to talk of these Chinese coins like you mentioned, bitcoin founder himself is asian right? And most top coins are asian projects, this shows that asian are better at this than other part of the world
Has anyone found out who Satoshi Nakamoto really is? You you have some points that asian developers have some projects but most of those projects are from china and you can barely see some other asian countries developing really good projects. Wester countires has lesser projects than asian countires but they are topping the list.

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January 16, 2020, 02:43:23 PM
 #47

Everyone has a it's way of making strategy regards in making investment. One of the crypto investment strategies is to buy some of the top altcoins to increase profits but we need to make sure that it will really give as a good profit in return. This usually the percentage increase in altcoin is greater than bitcoin. So that if we really do altcoin we will also get a large profit. But do not close door for other coins that pumping in the market, because there are also many of them that can give you goodness on investing into this kind of coins like the so called Aci coin.
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January 16, 2020, 02:47:58 PM
 #48

Good thinking but what do you think will happen if all altcoind failed to surge right after bitcoin hit a new all time high value? The point here is no one can predict the future, it's better to play safe by including bitcoin in your portfolio, in fact 70% of your holdings should be on bitcoin
I think dividing some capital to buy some altcoin can be better because when the coin price goes up you can get a lot of profit even some top altcoins are cheaper than bitcoin prices meaning that with a little capital to buy altcoin then when the price goes up you can get a lot of profit , and the rest you can use to buy bitcoin.

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January 16, 2020, 03:04:37 PM
 #49

Yes, it's not new method though (Old News).
All Top 100 CMC are great to Swing Trade them to make your BTC (Sats) even more, because after all only the king remains the king.


Is this an old method? I am not aware, honestly. Thanks to the OP who raise this topic, I got a new idea. It may be an old method but it is still a great idea, isn't it? although it works more efficiently at a certain time, during bull run as what majority (definitely swing trade), right? I want to, no, I would do this great idea sooner.


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January 16, 2020, 03:12:07 PM
 #50

I really like this kind of a experiment and I am interested in seeing what it will do.

Also like some of the Altcoins you chose, also that you are making a youtube video serie with it!
Definitely going to keep track of this and hope you will do good of course.

You did however chose to explain why you chose  the top 5 coins, but I would like to read why you chose the other 5 as well, since they are less known to me and would like your explanation behind that.
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January 16, 2020, 03:12:19 PM
 #51

Yes, it's not new method though (Old News).
All Top 100 CMC are great to Swing Trade them to make your BTC (Sats) even more, because after all only the king remains the king.

Well, people buy altcoins because they can earn more bitcoins. I also prefer to buy altcoins now, but not because I think that this is the future of the cryptocurrency world, etc., but because now these projects are better than bitcoin and they will increase in price in relation to bitcoin and I am buying them now to sell later in relation to bitcoin

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January 16, 2020, 03:19:50 PM
 #52

I will advice people to becareful of some of these Altcoins.

1. Those that have POS
2. Those that most of the coins are still unlocked
3. Those that have no real development in the past months

Looking at the list I can only picked BAT, if the platform continue to grow then it should do well

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January 16, 2020, 05:19:19 PM
 #53

Nice strategy and nice pick, I'm sure you have done enough research before experimenting it, I hope your experiment is fruitful, also I want to believe this year would be good for altcoin so it's best for investors to follow some projects and make  their decision of investment.

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January 17, 2020, 09:58:07 AM
 #54

I will advice people to becareful of some of these Altcoins.

1. Those that have POS
2. Those that most of the coins are still unlocked
3. Those that have no real development in the past months

Looking at the list I can only picked BAT, if the platform continue to grow then it should do well

I do believe everyone has their own way to choose coins. Im quite confident i will succeed in up 10% already https://www.cryptocompare.com/portfolio-public/?id=461600
Some people hate ETH , but it is the coin where the most development currently going on. It is 10x down from btc from all time high. There is big chance it could go back, and if it does there is no way i would loose any btc.
This is nice post here https://bankless.substack.com/p/the-trillion-dollar-case-for-eth-eb6

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January 17, 2020, 10:56:05 AM
 #55

If this was about generating more dollars I would say this could actually be a great experiment. However I am 90% doubting it will generate more bitcoins.

What you are forgetting is that even tho dollar loses it is value and altcoins gain value in dollar terms, bitcoin also gains value in dollar terms as well so it is harder to make more money in bitcoin valuation. Could it happen? Sure it could, that is why it is an experiment to begin with and we will see the results by the end of 2020 and see if it worked or not, however I would say you should follow up with how much dollars you can make as well, that way we can see that even if it doesn't make profit in bitcoin terms, it could potentially make money in dollar terms and that could be a little hope for the people.
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January 17, 2020, 11:19:33 AM
 #56

actually I have just thought about this. if you buy ethereum, then the increase in price has reached 0.002 BTC for 1 ethereum. while for other altcoins like BCH SV, Dash, and coins that are worth above 20%, it seems that the additions are really quite high. I started thinking about exchanging the bitcoins I had with altcoin, it's just that I didn't want to miss the train when bitcoin reached a high price.
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January 17, 2020, 12:20:25 PM
 #57

everyone has a different investment strategy. and one of the crypto investment strategies is to buy some of the top altcoins to increase profits. because sometimes when bitcoin goes up, most altcoins will also go up. and usually the percentage increase in altcoin is greater than bitcoin. so that if we really do altcoin we will also get a large profit. I also do this. I hold some of the top altcoins like Litecoin and Ethereum.

You are right, lookalike the crypto market is still dependent on Bitcoin. If this increases all other altcoins loud their sounds if BTC drops they massively fall down. I personally feel that Tron will be a good investment for 2020 because they are undervalued and they could be next ETH if it gets proper support from the community. Those who invest in Tron has the possibility of getting a higher return on investment due to its negligible price as of now.

Currently bitcoin is going up so the other altcoins are also experiencing more increases than bitcoin, I believe more in ETH and TRON because both of them have good missions this year, especially recently, the YouTuber pewdiepie talked about tron ​​in his video, this is news which is remarkable because there could have been an influence on the increase in Tron on the market, because the increase in Tron is now quite good.

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Natalim
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January 17, 2020, 12:40:19 PM
 #58

Finally i have made a decision to do this experiment generating more Bitcoins by buying shitcoins .

Based on your list, they are not shitcoin, they are legit altcoins and I am happy that there are still investors who are trusting altcoins to generate profit for them. Let's admit that altcoins investors are slowly dumping their altcoins due to the fact that it dropped 90% or less form its peak price, but the market would certainly rebound and if  we are talking about market, it's the market for all, not only bitcoin.




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qigong13
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January 17, 2020, 01:02:25 PM
 #59

Finally i have made a decision to do this experiment generating more Bitcoins by buying shitcoins .

Based on your list, they are not shitcoin, they are legit altcoins and I am happy that there are still investors who are trusting altcoins to generate profit for them. Let's admit that altcoins investors are slowly dumping their altcoins due to the fact that it dropped 90% or less form its peak price, but the market would certainly rebound and if  we are talking about market, it's the market for all, not only bitcoin.
Agree with your point. Honestly OP, that was not shitcoins at all. Just altcoins with not very good progress and price after Bitcoin fall from its peak. You can make a solid profit by invest in many instead put all eggs in one basket. This is a common strategy but I appreciate your effort, OP.
mineshop.eu
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January 17, 2020, 03:21:30 PM
 #60

If this was about generating more dollars I would say this could actually be a great experiment. However I am 90% doubting it will generate more bitcoins.

What you are forgetting is that even tho dollar loses it is value and altcoins gain value in dollar terms, bitcoin also gains value in dollar terms as well so it is harder to make more money in bitcoin valuation. Could it happen? Sure it could, that is why it is an experiment to begin with and we will see the results by the end of 2020 and see if it worked or not, however I would say you should follow up with how much dollars you can make as well, that way we can see that even if it doesn't make profit in bitcoin terms, it could potentially make money in dollar terms and that could be a little hope for the people.

Interesting point , thank you for reminding . I can always look back purchase done on 13th January 2btc. Think it was around 15k total.
I'm very confident that I will make much more btc on this, but let's wait at least for few months and see. Some Alts looking very strong now.

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