Compounding altcoin profits in bull run?

[alani123]

I've been using beefy.finace to auto compound earnings from farming since 2021 and it's been a pretty good experience. Gotta be careful with your staking through, not all farms are created equal. It might not be Beefy's fault but oftentimes the underlying farms are not treading their security as seriously. Beefy itself is solid, but there's tons of shitcoins out there that could lure you in with high APRs and later just dump to zero.

[Belarge]

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.

I'm still shocked to see an individual how's stepping out to watch our for solid guys and their impressive performance this season. Altcoins have been lately distributed in the market, some don't usually the marker but its always in their mind to ensure they're able to reap good profits from the system. Running from one project to another will not help, rather it will only make one yo start losing heavily from the system. Cryptocurrency is volatile, everyone knows that and we're all acquainted with the system and we should utilized our money into some important  revenue this season.

[radjie]

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?

 

It would be much better if the profits obtained from Altcoins were immediately invested in potential coins that clearly have a high trading volume. This will minimize the risk of loss rather than expecting multiple profits that cannot necessarily be achieved.

[Essential10]

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 don't know what kind of altcoin you have selected but have some doubts about how far you can go investing in such altcoins. It is true that investing in altcoins can be risky and there is always the possibility of losing money. The cryptocurrency market is extremely volatile, and prices can fluctuate dramatically. While some altcoins may experience temporary price spikes and offer significant profit potential, the value can quickly decline. Diversification can be a good strategy to reduce risk, but blindly jumping into other altcoins without proper analysis and understanding can lead to losses.

[Kelward]

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'll give the OP same advice, divide the amount and put in indifferent atcoins, more like not putting all your eggs in one basket, so if one or more goes down, he'll still fall back on the ones that'll be profitable. Assuming he chooses five alltcoins to choose from, probability is he'll be profitable in at least two, this is better than just one, where the chances of making profit is less than 50%. Altcoin investment is risky, therefore people need to consider cashing out when they make huge profits, or at least reinvest some percentage back, instead of leaving everything. I can only leave my investment in only bitcoin and a few top altcoins like ethereum, because they've proven to be trustworthy.

[danherbias07]

Using martingale in trading? Hmm. Not a bad idea but you have to be careful at picking what altcoin you will invest with. There's no assurance that every altcoin you invest with will make a 100% profit so you need to consider that too.
I am not against this kind of strategy but like I said, you need to be careful at picking another altcoin because there's a chance this could all go south and every profit you made from the first, second, and the next to it will be gone in just one sweep. You don't want that to happen.
If I were in your position, after making such profits I'd rest and put it in a reputable altcoin like Ethereum or other top rank coins in the market. That way you can assure that the value won't go further below although the increase will not be that much in just a short span of time.

[Yaunfitda]

Using martingale in trading? Hmm. Not a bad idea but you have to be careful at picking what altcoin you will invest with. There's no assurance that every altcoin you invest with will make a 100% profit so you need to consider that too.

But as a gambler though, we all know that martingale might not work because you really need to be lucky and at the same time, deep pockets to double every time. So very hard to maintain this kind of settings specially for altcoins.

I am not against this kind of strategy but like I said, you need to be careful at picking another altcoin because there's a chance this could all go south and every profit you made from the first, second, and the next to it will be gone in just one sweep. You don't want that to happen.
If I were in your position, after making such profits I'd rest and put it in a reputable altcoin like Ethereum or other top rank coins in the market. That way you can assure that the value won't go further below although the increase will not be that much in just a short span of time.

Even if you are still very careful, things might not go against you, and after that all capital being sweep in a blink of an eye. Perhaps this strategy is not going to be effected at least in altcoin trading. Just pick one altcoin or just bitcoin and then accumulate as much as you can and then HODL. It's not as complicated process as what the OP wants.

Anyhow, best of luck to him. Trade at your own risk.

[tajimas]

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

You gotta get stuck doing this maybe on the 2nd or 3rd coins which is not ideally perfect, compounding is really concentrating on one altcoin while you sell when you gain at least 25-50%, buy back the same coin when it retraces back. Lets say you gain £50 from your first £100 investment, you wait while the coin falls/retraces back to where you bought the first time, again, buy back the same coin with £150 not far from the first price you bought before while you wait for another increase in price the second time, it may take time bouncing back but you have to be patient.

And again, compounding in crypto happened when you buy and stake a particular altcoin on a decentralized exchange to be compounded whenever you make a profit. Biswap is the recommended dex for staking and auto compounding your profit while you pull it out whenever you want, I don't know if you can buy this idea tho.

[ultrloa]

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?

 

Its actually good idea to done but somehow hard to execute since we all know how risky and unpredictable the altcoin market that's why sometimes its hard to spot a good alt to earn even if they are on top since they also suffer from dumping especially if there's no huge demand occur. That's why we need to be prepare on some situations especially if we want to trade since there are times that we going to bag hold the alts we buy since it didn't meet our expectation and the price dump at certain point.

Maybe aside for starting at £100 you also need to have extra funds to use so whatever happen to the first capital you use still there's another funds that can be taken out to the pocket to use for another round if you bag hold the first one.

[Samlucky O]

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?

Do you really think Crypto currency work that way? It's never a win win all the time. Don't ever try what you are planning because I smell Doom. You'll end up buying rugpul at the end of the day. Since altcoin has given you the 100 percent you need I think it would be wise if you invest it on bitcoin. If there is a need to invest more I think you should just put $150 to bitcoin and invest $50 dollar on the one you find safe to invest than spreading the money. Its great you were able to make profit from altcoin but I must tell you it's rear to see people make such profit. But use it wisely otherwise your greed will put an end to you already made profit.

[JamesDaniel90]

Ok so most of you are against this idea , I understand it is risky but it is £100 I am willing to lose in the hope of getting lucky and making a few thousand out of it I could then invest into something stronger like Bitcoin.

While I am here , I invested £100 into an altcoin called Myria a few months ago and I am currently 700% up on my investment. I believe it can go a lot higher but sounds like many here would just take profits at this point?

[gabbie2010]

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?

 

Crypto market is unpredictable why not stick with your plan once you achieve your 100% take profit keep and lock your £100 safely and look for another opportunity for investment without compounding of course your risk to reward ratio is 1:1 what matters is your consistency in making profit I believe you have a working trading or investment strategy which guarantees your consistent earning 100% else if you insisted on compounding your profit that means you are taking too much risk which can amount to losing your already earned profit " a bird at home is worth two in the bush"

[Dunamisx]

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.

Altcoins that have yielded upto 100% within a month is possible and we may take the caution that may come with doing this as well, take a quick decision on those coins to sell or continue to hold at your own risk, anything can happen from now henceforth, altcoins cannot be that trusted, they rise fast and fall the same way, especially the new projects.

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

Are you trading against those altcoins or you're just investing in them and holding, remember they are not that reliable, anything can happen, do consider the risk first before making any Investment decision on any altcoin and make your research well prior the investment.

[johnsaributua]

If you have such easy funds, you will be free to choose the altcoins you like similar to dca but collect your potofolio in each oracle, have you bought altcoins this month according to your analysis? technical and fundamental for me are also important, if the 2-30 ladder ranking on coinmarketcap in my opinion is also an additional option, to see activity including trading volume, I once bought 10 altcoins, although profits can cover for current trading, this votality is suitable for daily. In addition, it is better for you to also consider in terms of bearish trends, bad news and fomo/hype effects, if you are able to go through that phase, or you know the best position to secure your funds it is better, and altcoins also have considerable risk but can be minimized.

[JamesDaniel90]

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

Are you trading against those altcoins or you're just investing in them and holding, remember they are not that reliable, anything can happen, do consider the risk first before making any Investment decision on any altcoin and make your research well prior the investment.
[/quote]

Investing & holding. Plan on buying once an altcoin has fallen quite a lot and then buying low and waiting for it to pump to then sell.

[Dr.Bitcoin_Strange]

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?

From all that you have said, this is the part that I like. It's good that you are aware of what you are actually going into. To me, the risk involved in trading altcoins is 50/50; it's either a loss or a win. Expecting 100% profit from all the tokens you will be trading is very impossible. There are some tokens you will trade, and you can just make a little or medium profit. If you don't exit the trade and move over to another token, you might end up experiencing a loss as well. Every investment has its own degree of risk involved, and it's fine that you are aware of the risk involved in trading altcoins.

[tvplus006]

...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...

Your strategy has nothing to do with reality. And if it really was working, then everyone would be millionaires. You have considered only a positive scenario, but what will you do when your altcoin, instead of giving you 100% profit, drops to zero? Or are you sure that this can't happen?

[AakZaki]

You think it's too easy without any risk, even though in fact the crypto market cannot be treated like that.
There are many risks that can occur, you might just lose your £100 and not achieve what you want. One gain on another altcoin and also a loss on another altcoin. This is not only about profits but also about losses that will occur. It is best to carry out good management and use the right strategy.

[JamesDaniel90]

Majority on here are ignoring the fact I have said numerous times now that this is risky.

It is risky but it is possible - seems like the majority on this forum are into safer plays like Bitcoin which is fair enough but buying Bitcoin isnt going to make me wealthy next bull run.

[bastian466]

Making plans is easy, sometimes it works, sometimes it fails. I appreciate your plan, but if you jump straight into the market, when the market is friendly, our plan will definitely work, but the market is different, so we have to have a backup plan to cover failure, that's what trading is all about, we have to have lots of alternative ways to get profits to make it work. according to the plan