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Author Topic: A single alt coin which gives you profit multiple times?  (Read 286 times)
Questat
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December 07, 2022, 10:37:32 PM
 #41

Next to Bitcoin, it was Ethereum which has given me a good profit multiple times. It took time to be honest because Ethereum is good for long-term holding but I could say that Ethereum is always worth the wait. Since the first bull season, I've learned the importance of buying it while the price is down. From then on, I never miss the opportunity to buy during the dip so I'll have a good gain every time the market recovers. I've also gained a promising profit from BNB, XRP and Cardano.
I will agree that ETH and these top 10 coins are good investments for the long-term and short-term but if we talk about if they could give us more profit as asked by OP xxx times, that was very uncertain. They are not built with hypes, not influenced by known personalities that will carry huge price rallies which is why it was impossible, unlike those projects that are designed for hyping, new projects without working products, are mostly like;y it pump multiple times.

I had this experience in the past bull season, I thought it was a scam already but as I check on the exchanges, it is really a big surprise for me to see the value of that coin.

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December 07, 2022, 10:55:59 PM
 #42

It was amazing ride with Ethereum from me. I actually hold a couple of it and all I can say that was truly amazing experience since it's one of the cryptos that I've contributed a ton with cash as well as with my feelings.Ethereum which has given me a decent benefit various times.I've taken in the significance of getting it while the cost is down. From that point on, I never pass up on the potential chance to purchase during the plunge so I'll have a decent increase each time the market.
I'm sure that many of us got into that with Ethereum. The crazy thing is that we've never thought that it would be as high as it was last year. One missed opportunity that I got was when I haven't sold the BCH at its prime and peak. Held it for quite a while but has to sell it and still that's free money for me, that could be included aside from that fork, it has another fork which is the SV so I guess I've earned multiple times from it, couple of times actually.

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December 07, 2022, 11:05:23 PM
 #43


IDEX is a good candidate here although I can't apply that argument nowadays based on the last phase I did purchasing these coins. I've successfully managed to take advantage of its hype and am able to yield profits over profits while investing multiple times. It's just that, during the peak of this coin, there's no way it can't reach a certain price value (can't remember my target price there) that's why I just accumulate on every dip. My strategy gives me good results for a long.

After my last profit taking on this coin, I have become outdated with its current status. Not until just 2 weeks ago, I tried again to risk some on this coin and as I'm posting this, I'm now currently at loss (paper loss) but not that much. I'm sure it will soon bounce back.

P.S. Not promoting this coin but just sharing my own experience as per the subject.

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KennyR
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December 07, 2022, 11:39:10 PM
 #44

BNB has profited in large in the beginning as well as now with its growth happening in unexpected market situation. Majority of them mention the price movements as the manipulation from the team. Apart from BNB, majority of the tokens backed by the exchanges were in good position. In between some issues happening similar to FTX disturbs the market.

Risk always gets accompanied. To be good and experience such big multiple benefits is through holding long term or taking entry into new projects at the earliest. This increase the profiting, but the risk associated is high against holding the top altcoins.

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dwminer1
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December 08, 2022, 01:34:52 PM
 #45

In my case, DOGE provided me with a nice profit, several times. I've been in the crypto world for a long time and I remember minning doge on a laptop, more out of curiosity and for fun than with the intention of serious profit, and it turned out that these few million doge are worth a lot. Then for years, rather out of sentiment, I traded doge for catching local lows and pumps, until finally Elon Musk became interested in the project. You know the rest Smiley

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Jatiluhung
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December 08, 2022, 01:48:04 PM
 #46

In my case, DOGE provided me with a nice profit, several times. I've been in the crypto world for a long time and I remember minning doge on a laptop, more out of curiosity and for fun than with the intention of serious profit, and it turned out that these few million doge are worth a lot. Then for years, rather out of sentiment, I traded doge for catching local lows and pumps, until finally Elon Musk became interested in the project. You know the rest Smiley
wow you definitely get a lot of profit. Especially if you sell when the doge price is above 0.7usd. and the role of Elon musk has really had a positive impact on doge, even on the crypto market. in fact I think a few years ago no one would have thought that the Doge could rise so much. unfortunately I didn't know about crypto when doge was still so cheap.

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Derrickiell
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December 09, 2022, 05:50:31 AM
 #47

For me AVAX (avalanche) Is the coin i got good profit in this coin by investing 5 times.

First two times i got huge profits.
But after that not huge but that was also the good profit by holding same coin.



Investors who invest in altcoins for profit are mostly early entrants into new projects or experienced enough to know the right time to buy or sell.
Investing in altcoins is riskier than investing in Bitcoin, never knowing which coin will bring you profit, maybe investing in ETH and BNB and selling them at the right price can bring you more profit.
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