estheblessed (OP)
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March 22, 2021, 11:35:01 PM |
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Hi Guys,
As the post says I have £10k which I would like to invest with the hope of doubling or tripling said amount in a short space of time. Month or so perhaps?
First of all is this possible? I am looking for guidance on the best method to do this? Preferably on one or two coins only when the price is right.
Many thanks for your guidance in advance.
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Vaskiy
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March 22, 2021, 11:47:18 PM |
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Hi Guys,
As the post says I have £10k which I would like to invest with the hope of doubling or tripling said amount in a short space of time. Month or so perhaps?
First of all is this possible? I am looking for guidance on the best method to do this? Preferably on one or two coins only when the price is right.
Many thanks for your guidance in advance.
With cryptocurrency what you've requested is possible, but no one can assure of the time period required for the same. Sometimes the investment can get doubled in a day's time, sometimes the time period can be long. From my personal choice, €10k is good amount for investing. All that required is finding the right asset. You can give priority to top order cryptocurrency as well as new launch of projects. Try to buy at the pre-token sale, and by listing you can expect the outcome.
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livingfree
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March 22, 2021, 11:47:26 PM |
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It is possible but you need to have a good sense of analysis for altcoins. But if you want to have a better chance doubling that or at least making a quick profit from that capital, bitcoin is the option that many would tell you including me.
But first, how long is that "short time" you're describing. Because investing in bitcoin should be determined by the investor how long he wants to stay but most likely it's best for long term but, you have minimized the risk.
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Zemomtum
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March 22, 2021, 11:58:08 PM |
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This might be your best chance to lose that 10k quickly. You are too eager to succeed and the end result is always a failure. It is certain to do such in crypto space due to its volatility and otherwise can also happen. Besides, you don't have what it takes to get such a result since you are seeking for method or approach to use. Sit down and relax, study the rudiment and acquire the knowledge required to trade safely in a volatile market.
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bolawin
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buy bitcoin, hodl bitcoin
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March 23, 2021, 01:39:46 AM |
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definitely, possible i believe most people do that also
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buy bitcoin, hodl bitcoin
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Wexnident
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March 23, 2021, 05:56:00 AM |
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Definitely possible, especially within a month. Just that the difficult part is going to be finding a coin that could potentially give you the profit amount that you want. Not particularly updated with altcoins though, but if you're planning to just let it sit there for a month then get it back with the profit you want, that may also turn to be quite difficult since finding coins that have the probability to grow like that is rare. If it was daily trades waiting for short pumps and dumps, then it might be possible and you can easily do that with any coin, but the amount of time you'd spend daily to do that would increase.
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R |
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brokeasfxxx
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March 23, 2021, 06:18:17 AM |
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It *might* be worth investigating the "gamestop" style short-squeeze opportunities that currently exist in crypto? Read up on how the r/wallstreetbets shafted hedge funds in Equities, then take a look at current over-shorted tokens? (there's at least one I've heard of - you can find these out by looking at how many tokens some exchanges have allowed their users to lend - one in particular has lent more than 100% I think)
Probably the old adage applies - the highest return opportunities will usually carry the highest risk though, so do a *lot* of research first - your £10K profit is always going to be someone else's £10K loss!!
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tranthidung
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March 23, 2021, 08:45:37 AM |
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In the bull market, you can have many opportunities to x2, x3 your capital. If you don't use leverage trades. With leverages, fast comes, fast goes and if you only are greed and don't protect your capital, your will lose all even you x10 your original capital. Quick, forget it. Think of it will make you greed and make wrong decisions. Sometimes you buy a good coin and it rises instantly after few hours or few days. But sometimes you will have to wait few weeks or months to see it gives you x2 or x3. Quick and easy will bring you to scam projects. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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bitgov
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March 23, 2021, 01:12:05 PM |
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It's clear from question that OP is not an expert traders and new traders must not invest such huge amount straight away rather spend some time in learning the trading. Crypto trading is not that much easy. But you can check ARCONA project: https://www.coingecko.com/en/coins/arconaWith a bit of luck, you'll double that in a week
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darewaller
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March 23, 2021, 04:09:40 PM |
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Everyone talked about how "possible" it is, but nobody talked about how unlikely it is. This is an unlikely situation, of course if you invested at the right time and waited you would have made that much profit, it wouldn't have been that difficult, hell even a year ago would have been a right time to invest and you would have made 3x in a month last year, but this year things are a bit different.
We have already increase more than 10x in bitcoin compared to last year, so it would not be easy for me to say that you could find a 2x or 3x in any currency. Can it happen? Sure, the other day chilliz made 5x in a week, so it is possible, but you could also get in after that and just like everyone else who did it, you could lose a lot of money as well. This is why I think it is quite obvious that there are people who could make profit and could lose money, and when it is this high, making that much this quickly is more unlikely than likely to happen.
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bitbollo
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March 23, 2021, 04:14:18 PM |
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I am not saying that this is a ROI that you can't achieve, but you should pay a lot of attention to scam and shi*coins before risking in investment. Quick ROI means also high risk! It's full of new coins listed and good project but is always difficult make a wise choice. About NFT and similar you can find some hiding gem, but the market is very big, and best pieces have been bought for higher amount then 10K...
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sujonali1819
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March 23, 2021, 04:41:43 PM |
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Hi Guys,
As the post says I have £10k which I would like to invest with the hope of doubling or tripling said amount in a short space of time. Month or so perhaps?
First of all is this possible? I am looking for guidance on the best method to do this? Preferably on one or two coins only when the price is right.
Many thanks for your guidance in advance.
First of all I am going to talk you about the btc dominance right now. It’s still around 60% right now. And meanwhile many alts are doing great and achieve already double triple even 10x. So can you think about when the btc dominance will go lower in near future? Altcoins will be boom.. So all the potential coin will do their best just you have to wait to get the chance. But we can not say whit will do first what will do late. Choose some potential altcoins and invest in it and wait. * People can not gain a good profit despite the bullish market when they are impatient / panic. So avoid these things I strongly hope you can do it.
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Maus0728
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March 23, 2021, 04:49:55 PM |
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It's entirely possible however as everyone have said, you are most likely going to end up losing your funds especially if you've invested on a shitcoin whose hidden agenda is only to make money out of other people's pocket. Sure, there are lots of potential altcoins or tokens that can give you a decent amount of profit however it could take a lot of your time researching for development team, their whitepaper etc..
I think the key takeaway here is to outsmart them in a way that even if their project seems to be legit, you need to have their token dump as fast as possible after they've listed it on a specific exchange. Once you have done your due diligence, get out of the trade once you have make some profit even if it's just x2.
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palle11
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March 23, 2021, 05:06:23 PM |
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Etheruem is still a good spot for investing on. It is around a deep from yesterday's bitcoin deep. You can invest in it for the longtime but short time investment for cryptocurrency is not assured. So I will advise you to be careful and not invest in shot coins.
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hopenotlate
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March 23, 2021, 05:20:59 PM |
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Even if it already went up exponentially in recent time ( it is 42x the price of an year ago) I would "gamble" on Binance coin because CZ, the CEO of Binance, has announced that the 15th BNB coin burn will take place in about a month answering to a Twitter question about when the next coin burn will take place.
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makishart
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March 23, 2021, 11:03:20 PM |
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Etheruem is still a good spot for investing on. It is around a deep from yesterday's bitcoin deep. You can invest in it for the longtime but short time investment for cryptocurrency is not assured. So I will advise you to be careful and not invest in shot coins.
Ethereum is good coin but again it's impossible to get doubled or even tripled in the major coin just in a month. he was looking for a short term investment that can give him 2x - 3x and this can be reached through investing in the new legit ico or buy the undervalued coins that are not yet pumped. This is the most difficult thing to pick which one is the best. I personally will pick the legit ico especially when it was getting launched on coinlist.
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maxreish
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March 24, 2021, 01:11:20 AM |
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Yep it is possible to x2 or fund if;
- you selected the right coins - accurately read the technical analysis - made a good timing buying entry
But make sure you are ready for all the consequences since market is volatile and unexpected ways are always present. If I were you, aiming profits quickly shouldnt put into your mind but "just enough goal profit" until you reach it as those rapid returns is very risky.
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meldrio1
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March 24, 2021, 03:55:14 PM |
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There are some coins that can make double or triple your profit in a short time but we don't know which coin would be, mostly that can pump in a short time are the new projects and it's very risky. This is difficult you know because no one can predict it but only holding a coin for long term that could possibly make you earn double profit. If you willing to hold for long term then I suggest to invest in the top altcoins like cardano, polkadot and binance coin.
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Review Master
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March 24, 2021, 04:15:00 PM |
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First of all is this possible? I am looking for guidance on the best method to do this? Preferably on one or two coins only when the price is right.
First of all, it's possible to make that much in current bull market or any market and anyone needs to be keep updating with the ongoing events. So, it's better to take short trades according to major events or kind of FA. As of now, TFUEL is good for me as theta mainnet 3.0 will be launched on April. And it's already pumped up from my entry points. This is just an example for making trades to make 2x or 3x of those initial investment. So, it's best to take any trades according to major events instead of sticking with one or two coins/tokens, IMHO.
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peterpanda
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March 24, 2021, 05:13:46 PM |
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Hi Guys,
As the post says I have £10k which I would like to invest with the hope of doubling or tripling said amount in a short space of time. Month or so perhaps?
First of all is this possible? I am looking for guidance on the best method to do this? Preferably on one or two coins only when the price is right.
Many thanks for your guidance in advance.
Yes, it is very much possible to gain your desire amount. You have a good amount of capital and you will be able to buy promising altcoin. I will suggest you to buy STC and ADA if you want to 2x-3x profit within short possible of time.
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