Random coin picks experiment

[xiver88]

The market is bleeding. My portfolio went down to 10-15%. Such a sudden drop. I have 19 days to wait. Hopefully, each coin will pump in this period so I can close my positions and prepare for the next round.

[pawanjain]

I will just say that you are gonna be wasting your time and money by doing this experiment.
If it's just a one time thing then may be you can proceed with the experiment but if your goal is to carry this on for a long term then may be you should stop this right now.
If the goal is to earn money which I think it is since your ROI is 100% then you should stop wasting your money.
There is no definite trading strategy here and you are just investing randomly and hoping to get good returns.
This might work 1 or 2 times but it's guaranteed to lose the next time. So consider rethinking about this right now.

[South Park]

The market is bleeding. My portfolio went down to 10-15%. Such a sudden drop. I have 19 days to wait. Hopefully, each coin will pump in this period so I can close my positions and prepare for the next round.

How are you currently doing? You have posted that you have been obtaining profits with your investments but I suppose the last days have been harsh since the market has been crashing at a very fast speed, are you still applying the same strategy? From your original post you seemed to want to apply this strategy because we were in a bull market or at least we were experiencing a positive movement but now it is clear the correction we are experiencing is real, will you change your strategy?

[TheGreatPython]

100% ROI? You just said that like that’s how it works.You don’t even know how it’s going to turn out, so how do you just go straight and say that it’s going to be what you have said? I will advise you that before you choose any coin you should make sure that you do proper research, you don’t just randomly choose any coin and start investing.

Having 100 million market cap doesn’t automatically sign it that a coin will make you profit in a month. It might be that around the time you’re buying that coin would be when it’s about to crash for quite a long and once you do, at the end of the month you will be at loss.

[HatakeKakashi]

People can freely choose what ever they want to pick , I have coin who are not potential to me but during the bull run the price of it start increasing too and sometimes that coins gives more profit because the value rise very high.

Mosy of the coins in bullish market are increasing so if the bull run happen again for sure many profit we get in that .

[Sadlife]

I wish i have the money to try this, but this experiment seems to be much risky and prone with holes. What if those random coins are shitcoins that has the same whitepaper as popular coins out there, basically a copy paste idea.
So wouldn't it be best to find and select random altcoins base on there trade volume ?

[xiver88]

The market is bleeding. My portfolio went down to 10-15%. Such a sudden drop. I have 19 days to wait. Hopefully, each coin will pump in this period so I can close my positions and prepare for the next round.

How are you currently doing? You have posted that you have been obtaining profits with your investments but I suppose the last days have been harsh since the market has been crashing at a very fast speed, are you still applying the same strategy? From your original post you seemed to want to apply this strategy because we were in a bull market or at least we were experiencing a positive movement but now it is clear the correction we are experiencing is real, will you change your strategy?

I'm doing alright, my portfolio recovered a little bit, but still, overall it's about 5% down. I have 6 coins left in my portfolio: VET, LEND, double BAT, XZC, NEO, DGD (only one that is green now). I will try to close my positions until March 17 (1 month from the initial investment date). I still wait for the pump and still believe that in 2020 it will happen.

[xiver88]

Also "price checking" tick is gone. I realized it's only hitting hard at the beginning of your portfolio creation. Now, I check only once per 2 days. So I'm not worried anymore, just patiently waiting for the right time to sell each coin. I even enjoy it all. I feel that I made the right decision.

[pooya87]

actually shitcoins are pumping all the time every day. in fact during bitcoin bull markets they may get less pumped since the money always travels back to bitcoin market during those times when bitcoin price is making a major move.

the trick to making profit is not randomly buying different shitcoins and making profit from your luck. the trick is to buy them WHEN they are STARTING to pump and the DUMP them AS SOON AS the pump was near the end or you reached your profit target. for example when you see a pump build up with higher volumes and some price rise you can jump in that shitcoin and then keep an eye out for the signs of dump which start as slow down in the rise, reaching resistance and a big drop in buying volume.

[Pamadar]

Also "price checking" tick is gone. I realized it's only hitting hard at the beginning of your portfolio creation. Now, I check only once per 2 days. So I'm not worried anymore, just patiently waiting for the right time to sell each coin. I even enjoy it all. I feel that I made the right decision.

Once you are already confidence with each position that you choose, you'll be calm waiting for the right time to sell your assets as you are anticipating that it will be move according to your target value, sometimes it won't go accordingly but again it will depend on how confident and willing you are to  wait.
From time to time of doing it you'll be able to enhance your strategy and adjust according to how your selected coins are moving.

[bitbunnny]

Well, I don't know how else could strategy with altcoins eve function in different way.
There are so many worthless and useless coins in the market so it's not very important which method you use to make the selection, it's usually a waist of time and money anyway. I mean you can check their current value and make a pick based on that but on the other side that is not guarantee you will make a good choice.

[dunfida]

Also "price checking" tick is gone. I realized it's only hitting hard at the beginning of your portfolio creation. Now, I check only once per 2 days. So I'm not worried anymore, just patiently waiting for the right time to sell each coin. I even enjoy it all. I feel that I made the right decision.

Once you are already confidence with each position that you choose, you'll be calm waiting for the right time to sell your assets as you are anticipating that it will be move according to your target value, sometimes it won't go accordingly but again it will depend on how confident and willing you are to  wait.
From time to time of doing it you'll be able to enhance your strategy and adjust according to how your selected coins are moving.

Confidence wont really be enough if you didnt able to choose the best coins in the market.Trying to experiment on random? then go for known ones
rather than taking a short to those low cap which we know that it do have less chances on being pumped.

It isnt bad to experiment but you should be ready to face up more risk on choosing several coins but also it do increase the chance on making money if all
of those selections do able to increase.

[Viscore]

Be careful with your strategy, you seem to be treating trading like you are gambling, betting on low odds with high return.
I know it happened in the past during the bull run where even shit coins pump, but there is no guarantee it will repeat, so better be ready with the result.

Besides, that's how it is here in crypto, big risk = big reward, so good luck.

[isaac_clarke22]

It's kinda okay of a strategy, OP and now you're saying that you're not gonna depend on merely speculations and thoughts of people from twitter, but still treading way too far in random coins would pose a lot of risk for ya. I put a specific delimitation or boundary to where the randomness of my thoughts to invest at circulates, not like I invested truly in those coins. I am just having plans for it yet. 
Anyways, I can't still recommend you any coin since it is pretty much the same that the other people pick. I would be looking forward from your update to this though.

[Stedsm]

Are you also going to invest into those coins already pumped during this immature altcoin season? Let's take an example out of the ones you described, like HBAR or take a coin which is already 2-3 times up from its lowest, are you going to buy it if your script delivers those coins in the list?

[Baoo]

Besides, that's how it is here in crypto, big risk = big reward, so good luck.

But taking the risk without a strategy is not a good option. it is better to stay from the trash altcoins and their fake charts, they always want to attract traders through pumping their coins when Bitcoin in a crisis,  I really advise the traders  to take the risk on some coins who has a good potentials,  try to pick the ones who existed on  TOP 20 or even 30 like, Tron, Cardano..ect

[ice098]

Be careful with your strategy, you seem to be treating trading like you are gambling, betting on low odds with high return.
I know it happened in the past during the bull run where even shit coins pump, but there is no guarantee it will repeat, so better be ready with the result.

Besides, that's how it is here in crypto, big risk = big reward, so good luck.

Cryptocurrency has no definite assurance on which asset that could bring us wealth in the future. Risk is always a part of success, and if we're going to survive on that challenge it's always an amazing to see your holdings reaching a profitable value. Even the smaller ones, has its potential growth as long as community is always active on its development.

[sana54210]

Are you also going to invest into those coins already pumped during this immature altcoin season? Let's take an example out of the ones you described, like HBAR or take a coin which is already 2-3 times up from its lowest, are you going to buy it if your script delivers those coins in the list?

Considering graphs of HBAR it can grow in the bull runs so perhaps it might be included in the list but perhaps it is late to enter those similar markets as the dip is already passed and now we might soon land up on the next peak of the year.

No guesses over here but some of those similar coins have the potential to grow up in the markets and randomly picking some of those coins can be good for long term if the coins picked randomly are also separated after making immense research. This might be a good source of investment as it might give us high yield and I think this might even be much beneficial on yearly basis to maintain a fixed deposit for yearly intervals.

[ufaiz50]

For me personally this looks risky, but it's quite interesting if done. there are rarely those who choose coins randomly, because it is very likely that they will only suffer losses with the current high market manipulation conditions.

We see, what if the random coin only applies to coins that have price: volume (1: 5000) is only to minimize the choice of low-survive coin or dead coin.

[barbara44]

Be careful with your strategy, you seem to be treating trading like you are gambling, betting on low odds with high return.
I know it happened in the past during the bull run where even shit coins pump, but there is no guarantee it will repeat, so better be ready with the result.

Besides, that's how it is here in crypto, big risk = big reward, so good luck.

In the past markets there were not these immense coins dominating the markets. There were few selected coins which were sure to experience a pump in those bull runs but in the current market situations, we can see a number of coins have the potential to experience huge pump in the coming bull runs but most of them might even fail and might run in the opposite direction which is somehow similar to gambling.

We would never be assured fixed profits in terms of trading with cryptocurrencies and hence each and every one of us should use advanced strategies if ever we perform any such experiment to invest in some random coins.