Compounding altcoin profits in bull run?

[JUL00L]

I even started with $50, with ath $5000++, crypto bull run is really a way to make money fast in altcoins.

[Samlucky O]

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.

Just as you said there are some coin you will buy, if you don't exit the trade, you will run at loss. There was a coin I bought and it gave me about $10 profit. and after the coin percentage was high, I felt this will fall in no less time. So I decided to sell and wanted to involve buying another coin that was pumping if it will just pump a little. So I decided to watch how the coin is Making it move, after some minutes it fall by %100. I was shocked. and had it been I baugh it, I would have loss both my capital and my $10 profit. So we should just be careful with the kind of investment we make.

[AakZaki]

I even started with $50, with ath $5000++, crypto bull run is really a way to make money fast in altcoins.

Start with $50 and make a profit of $5000++, is that right?
Have you entered the memecoin that is currently hype and the memecoin has increased by thousands of percent? If that happens you will get extraordinary profits. But what coin you are holding, is it really real. It is difficult to find a diamond at the bottom of the sea.

[cryptoaddictchie]

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?

Well just pick the best one. If you did 100% profit on that altcoins means its good performing but since you already profit you could make the profits there to another potential coin like what you said multiplying potential profits. But if youbare confident on the altcoin tgen just hold but to be wise, remove your capital and left the moonbags only.

[Questat]

I even started with $50, with ath $5000++, crypto bull run is really a way to make money fast in altcoins.

Start with $50 and make a profit of $5000++, is that right?
Have you entered the memecoin that is currently hype and the memecoin has increased by thousands of percent? If that happens you will get extraordinary profits. But what coin you are holding, is it really real. It is difficult to find a diamond at the bottom of the sea.

He is bragging to us and thinks that we believe him. Well, he is wrong as it never happens in a real scenario, and even hyped projects it still impossible unless he starts with $500. I think he is driven by his imagination thinking that there is a miracle happening from investing shitcoins.I invest in a few altcoins and I often do some diversification but I've never experienced earning such a huge amount even during Bullrun. So I don't think it is believable, far from reality.

[AakZaki]

He is bragging to us and thinks that we believe him. Well, he is wrong as it never happens in a real scenario, and even hyped projects it still impossible unless he starts with $500. I think he is driven by his imagination thinking that there is a miracle happening from investing shitcoins.I invest in a few altcoins and I often do some diversification but I've never experienced earning such a huge amount even during Bullrun. So I don't think it is believable, far from reality.

It's like a 1000:1 chance, and there aren't many chances of that happening (if at all). because $50 now is only enough for practice trading and even buying top memecoins won't grow your profits to thousands of dollars in an instant. His imagination may be too wild with profits of thousands of percent without feeling the slightest heartache when he experiences a lot of losses. I even suffered a lot of losses in the beginning and didn't get thousands of percent profits easily. it takes effort and time.

[o48o]

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.

But would this even be martingale, putting all winnings to next and hoping it will double your money again. That sounds like normal doubling to me. Op didn't suggest of putting twice of his bet if OP loses. Only if OP wins.

It's like a 1000:1 chance, and there aren't many chances of that happening (if at all). because $50 now is only enough for practice trading and even buying top memecoins won't grow your profits to thousands of dollars in an instant. His imagination may be too wild with profits of thousands of percent without feeling the slightest heartache when he experiences a lot of losses. I even suffered a lot of losses in the beginning and didn't get thousands of percent profits easily. it takes effort and time.

1000:1 is pretty optimistic when we talk about shitcoins. Remember Solidus Labs report where they told that in 2022 there were 350 new 'scam tokens' created every day. Changes that people invest in scams and failed projects are insanely high. And the number of scam tokens seems to be growing exponentially.

[Silberman]

He is bragging to us and thinks that we believe him. Well, he is wrong as it never happens in a real scenario, and even hyped projects it still impossible unless he starts with $500. I think he is driven by his imagination thinking that there is a miracle happening from investing shitcoins.I invest in a few altcoins and I often do some diversification but I've never experienced earning such a huge amount even during Bullrun. So I don't think it is believable, far from reality.

It's like a 1000:1 chance, and there aren't many chances of that happening (if at all). because $50 now is only enough for practice trading and even buying top memecoins won't grow your profits to thousands of dollars in an instant. His imagination may be too wild with profits of thousands of percent without feeling the slightest heartache when he experiences a lot of losses. I even suffered a lot of losses in the beginning and didn't get thousands of percent profits easily. it takes effort and time.

Misconceptions about the results newbies investors can get are quite common, as it is easy for a newbie to imagine that if they invest in the right altcoin then they can easily multiply their capital without any effort, but with tens of thousands of altcoins already on the market, and with the many coins that will be released during the next years, picking the right coin is so difficult that only a minority of investors can do it, and most of them did not rely on any skill to do it and just got lucky, as such newbie investors are severely mistaken about the positive results they think they can get.

[huu78]

maybe some people do it like that too,but it is safer if you have made a profit, it is better to save your capital, and use the profits to reinvest, at least that choice is wiser, and you play safer.

[justdimin]

Just as you said there are some coin you will buy, if you don't exit the trade, you will run at loss. There was a coin I bought and it gave me about $10 profit. and after the coin percentage was high, I felt this will fall in no less time. So I decided to sell and wanted to involve buying another coin that was pumping if it will just pump a little. So I decided to watch how the coin is Making it move, after some minutes it fall by %100. I was shocked. and had it been I baugh it, I would have loss both my capital and my $10 profit. So we should just be careful with the kind of investment we make.

That is if the coin you buy is highly risky, but if not, you can try to be calm and HODL them a little bit because for sure they can always recover. I have seen lots of traders who are doing this. Just don't only set a stop loss so that your coins won't be liquidated automatically once the price drops equivalent to the amount that you have set.

Entering a moving a train is risky, so you shouldn't be buying a coin that is already pumping because there is a big chance that the pump will stop and turned into a dump, as those old investors of that coins is already selling or someone is only manipulating it if it's a high-risk coin. When you are profiting, you should pull out of most it together with your capital. That way you won't feel like a total loser, just in case you got a bad trade.