Compounding altcoin profits in bull run?

[JamesDaniel90]

I hold quite a few altcoins and some of them have almost seen 100% profit in less than a week lately and it got me thinking how I can make the most of this volatility.

I am thinking of starting with £100 and compounding profits jumping from one altcoin to another.

For example starting with £100, i see 100% profit so then put £200 onto another altcoin which also sees 100% profit so i now have £400 and just keep doing that until I reach an amount I am happy with.

I know this is risky as it only takes one altcoin to go to zero to lose my money but I am ok starting with £100 - does anyone else do this?

 

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[ryzaadit]

One thing you should learn.

Sometimes is not always as planned, I want to give you some advice and examples. A good trader not based on how much profit you're made, but ending with profit not based on how much % or $ you're earn. We already seeing so much people, finally ending with lose just because they only need a few % left and then keep holding until the end. It's better to set up your limit and psycology (at least ended with profit no matter how much % you're earn).

Your mindset like gambling, while you're think based on a profit you're earn.

[yazher]

This is not easy because if that is the case you will see everyone doing that instead they are just holding altcoins for the long term without worrying too much about it. They are holding some altcoins after they carefully did their own personal research about those certain projects. Honestly, you would be a legend if you could do that thing you suggested but it's far from reality because there are too many choices and it makes it more even difficult to choose the right altcoin to hold for the long term let alone jump from one to another.

[JamesDaniel90]

I understand this is like gambling however i have seen multiple altcoins pump over 100% in recent weeks so this is doable , especially in bull run when everything pumps even more.

I am not talking about doing this with micro caps, more low caps that should be around till the end of the next bull run at least.

It only takes 7 doubles to go from £100 to £12,800.

[Bureau]

What you are trying to achieve is highly risk but, if it clicks then you would achieve your goal. Considering the volatility of the existing market you can go to the top or lose everything. Think before you make a move and be prepared of a plan b if your plan a doesn't work. As I have seen all calculation take a deep dive suddenly in the altcoin market. In that situation in order to recover your loss you would need a few less volatile coins in your portfolio.

[kizlod]

Never tried to do that, I prefer holding altcoins, selling them at some point and just putting some of the gains in Bitcoin. The rest I'm just withdrawing. Jumping from one altcoin to another is really risky and requires a lot of research and guts.

[JamesDaniel90]

Never tried to do that, I prefer holding altcoins, selling them at some point and just putting some of the gains in Bitcoin. The rest I'm just withdrawing. Jumping from one altcoin to another is really risky and requires a lot of research and guts.

Yes I am only talking about starting with £100 - it will either go to zero or I could turn it into thousands in just a few trades.

I think I will give it a good soon to see how I get on.

[super bako]

I'm not sure but wait for the bull season to come, if you dare invest in meme coins for just a few days/weeks or new projects that have potential coins during the bull season. You also have to prepare mentally and be ready to accept risks and it's not easy to find. I think people who understand the world of crypto or the internet will find it easy to find information?

[batang_bitcoin]

I hold quite a few altcoins and some of them have almost seen 100% profit in less than a week lately and it got me thinking how I can make the most of this volatility.

I am thinking of starting with £100 and compounding profits jumping from one altcoin to another.

For example starting with £100, i see 100% profit so then put £200 onto another altcoin which also sees 100% profit so i now have £400 and just keep doing that until I reach an amount I am happy with.

I know this is risky as it only takes one altcoin to go to zero to lose my money but I am ok starting with £100 - does anyone else do this?

You mean trading, right?
If you can do that with trading then follow what you think is doable. If you can compound your altcoins profit during the bull run and as you start today, see if you can do it.
Not everyone can do this much and have this set of plan to make during the entire year or before the bull run comes. Because if this is all about trading it looks promising but hard to execute.

[Publictalk792]

It means you just want become a millionaire in few days or in few weeks. Haha!
This is possible but very difficult too. Just keep in mind this is the market and if you will see a pump so definitely you will see a dump too. So never think like that which you have mentioned.

I will recommend you should not buy one coin you should divide your amount on to 5 or on to 10. Means you should pick 5 or 10 Altcoins with your analysis and should invest equally in these coins. If any one will go down others may recover the loss of one coin. And if the whole market will dump so this is your luck.

I will again recommend that you should not invest only in one coin. You should choose different coins and should invest into them that will be good for you. DYOR.

[jrrsparkles]

I hold quite a few altcoins and some of them have almost seen 100% profit in less than a week lately and it got me thinking how I can make the most of this volatility.

I am thinking of starting with £100 and compounding profits jumping from one altcoin to another.

For example starting with £100, i see 100% profit so then put £200 onto another altcoin which also sees 100% profit so i now have £400 and just keep doing that until I reach an amount I am happy with.

I know this is risky as it only takes one altcoin to go to zero to lose my money but I am ok starting with £100 - does anyone else do this?

 

That is a wild strategy and I don't think any sensible investor will do that.

If you made a profit on one altcoin then the right thing to do is to cash out or invest in the most stable coin like BTC so you can be sure that the coin won't fail like reach zero just like a completely volatile coin.

Well, you said you are okay to lose that then my only question is how much compounding you are expecting to go with because even 5 streaks will get you 3200% returns.

[kentrolla]

No mate, this is not practical and a all it takes it just one bad day for an Altcoin to ruin all your compounding profits and make it worthless. I would suggest you to come up with an strategy, I can share one of mine but it won't work for you because we both might have different calibre to execute the strategy and efforts might differ. Start from small profits and then multiple it then set aside a percentage as take profit and continue with rest until you achieve your desired results. There might be losing day you gotta consider those as the day of accumulation to sell it or higher at winning days. Try writing down your strategy and start with very lesser amount to check trail and error basis.

[Sophokles]

I hold quite a few altcoins and some of them have almost seen 100% profit in less than a week lately and it got me thinking how I can make the most of this volatility.

I am thinking of starting with £100 and compounding profits jumping from one altcoin to another.

For example starting with £100, i see 100% profit so then put £200 onto another altcoin which also sees 100% profit so i now have £400 and just keep doing that until I reach an amount I am happy with.

I know this is risky as it only takes one altcoin to go to zero to lose my money but I am ok starting with £100 - does anyone else do this?

 

The best action right now should be to remove your seed money from your investment, and if you are confident about the project and that there is more room for it to grow, then let the profit grow with the project. In this way you don't have to take any risk for any negativity from that project price. You can reinvest those seed funds to other projects or you can buy some major altcoin like ETH matic to minimize the risk. But the strategy you wants to apply to multiplay your asset 2x every time can be a failure. You have seen success for few project but you will not be successful in every project in which you invest.

[o48o]

-cut-
I know this is risky as it only takes one altcoin to go to zero to lose my money but I am ok starting with £100 - does anyone else do this?

I've seen several people trying to do this in years i've been in this game. Some of them are proud that they have found this way, like they invented the fire.
But like you said. All it needs is one altcoin that's not 2x:ing, and these coin flippers lose their composure

And since here are more altcoins out there that go down then up, you can guarantee that some point you will encounter them.
Some of the projects will be even rug pulls so you can't even sell in loss as there's no liquidity to sell. So you will lose everything.
Losing your money on bad investments is another thing, but it will sting to lose your money to a scammer. More then you know.

[AmoreJaz]

-cut-
I know this is risky as it only takes one altcoin to go to zero to lose my money but I am ok starting with £100 - does anyone else do this?

I've seen several people trying to do this in years i've been in this game. Some of them are proud that they have found this way, like they invented the fire.
But like you said. All it needs is one altcoin that's not 2x:ing, and these coin flippers lose their composure

And since here are more altcoins out there that go down then up, you can guarantee that some point you will encounter them.
Some of the projects will be even rug pulls so you can't even sell in loss as there's no liquidity to sell. So you will lose everything.
Losing your money on bad investments is another thing, but it will sting to lose your money to a scammer. More then you know.

easy to plan but in actual scenario too difficult to find alt that will indeed give you at least 2x profits in a short period of time. how the OP laid out his plans is quite easy. but try applying it in actual trading market, i guess, he would find it challenging to find those profitable alts. but if you think you have a sound plan, you can push thru as it is your money at stake. so better take care of your own funds from potential screw-ups.

[rhomelmabini]

I hold quite a few altcoins and some of them have almost seen 100% profit in less than a week lately and it got me thinking how I can make the most of this volatility.

I am thinking of starting with £100 and compounding profits jumping from one altcoin to another.

For example starting with £100, i see 100% profit so then put £200 onto another altcoin which also sees 100% profit so i now have £400 and just keep doing that until I reach an amount I am happy with.

I know this is risky as it only takes one altcoin to go to zero to lose my money but I am ok starting with £100 - does anyone else do this?

That's possible but you should know that this will only happen when it's bull run and you may even get more than that. For your information there's some kind of cycle you should know because it's starts first with Bitcoin, then large caps, medium caps, and then the shitcoins. At least know this cycle if you want to fully maximize compounding.

Maybe you're just in shock how you make these profits but it will just be grab again on you by the market if you don't pay attention well. Take profit as needed and always eye on the target.

[Makus]

Op trust me this idea of jumping from one coin to another is not a good for your financing health. Even if you choose to start with €100, I bet you might get tempted to increase the amount after successfully making this profit you desire. Its possible for altcoins at this time to increase to 100% in their price but, how would you differentiate those that have come to stay and those that would disappear in a twinkle of an eye. No matter how careful you'll try to be, those altcoins who move 2x their price are usually low when it comes to popularity and their their market cap, in other words they are not to be trusted. I'm happy you understand the risk behind the decision you're making so all risk tolerance would be on you. They say a word is enough for the wise, I think I'll end my advise here and let you learn from your own experience.

You have a very low probability of coming out successful with this idea. but anyway, good luck.

[oktana]

My advise is that you should be careful and conscious that anything by could go wrong. If it can do almost 100% in less than a week, in can likewise go down by the same (or even more) percentage. You also mentioned to jump from one Altcoin to another due to your compounding interest plan. Well, not bad but know that jumping from one Altcoin to another increases the risks even more and like I said, be careful because one of these Altcoins could be having a bad day and you wouldn’t know; going in with all your funds. I wouldn’t love to see someone sad/creating a thread claiming they didn’t know.

[PrivacyG]

I am thinking of starting with £100 and compounding profits jumping from one altcoin to another.

For example starting with £100, i see 100% profit so then put £200 onto another altcoin which also sees 100% profit so i now have £400 and just keep doing that until I reach an amount I am happy with.

Only if it was this easy and simple.

There are MANY and I mean MANY MANY Altcoins.  How many of them in percentage ever pump randomly?

When the Bull Market comes.  They all rise together usually.  It is VERY hard to pick the best out of all.  And more over.  It takes a long time to get to even 800 Pounds.

Do you think it is really this easy and fast?  Buy 100 Pounds worth of Shit Coin 1 and you think it will grow immediately?  It may take many months before you see a doubled price.  That is considering the price WILL gain any thing at all.  You will hold 100 Pounds in a Shit Coin and see others pumping.  You will be tempted many times to make costly mistakes.

This is not the way to go I would say.

[dansus021]

One thing you should learn.

Sometimes is not always as planned, I want to give you some advice and examples. A good trader not based on how much profit you're made, but ending with profit not based on how much % or $ you're earn. We already seeing so much people, finally ending with lose just because they only need a few % left and then keep holding until the end. It's better to set up your limit and psycology (at least ended with profit no matter how much % you're earn).

1000% true I mean in this early bull run the greed will take control our body

so If I were you if you 100% profit just take a profit of at least 25% and buy or DCA again when the market started to make correction just dont buy altcoin when they near the last All Time High it dangerous and buy the reputable coin not memecoin or shitcoin.