I'm always one for a challenge, and proving that I'm not too good at trading myself, I want to come to you, the community, to see if we can turn 1BTC into 250BTC by Christmas 2014.
I know that sounds like a hell of a challenge, however I personally seem to have been in the right place, just selling at the wrong time
(Blackcoin, Cannabiscoin, Guldencoin, Boolberry for just a few examples.)
I'm willing to put up 1 BTC for this, which I prefer to trade on Bittrex / Cryptsy / Mintpal.
So, what I'm looking for are well reasoned suggestions where to invest my 1 BTC.
If I do well from this, then I'm happy to share some of the wealth with whoever I believe has offered the best advice.
If it all goes wrong, then I'll look at it as another learning experience.
Clearly this is a high risk gamble, but hey, who knows how well this could go!
So come on, let's hear your suggestions, and see where we can grow this experiment to!
there is no hell in chance that you could do it with 1 BTC. But you could at least double your money by trading. Couple tips here...
1. buy IPO (initial public offering) very risky but the reward could be great. I have invested "clustercoin" (aka scam coin), I thought it was legit so I bought 0.4 btc worth of coin (after IPO ended). To end story short, I have bought half of IPO price and got the refund from Bittrex at orginial price.
2. Buy lots of coin at the initial stage. As being pump up, sell it before the dump happens.
3. If you believe in the coins, HODL!!!!. I bought 105 Bitcoindark coin at the early stage but decided to sell it for quick profit (made well over 100% profit) but I think I made mistake b/c currently it's at 0.01.
4. If you bought the shitty coin, you probably needs to wait until the price recovers. Almost always, another pumps will occur. I do admit of buying shitty coin but so far I haven't lost money in fact I made small profit.
5. If you decide buy shitty coin, always study the price chart b/c it will guide you how much you want to invest.
6. Lastly do your homework. Don't listen to all the hype from anybody b/c they are trying to pump/dump method on you. You will be the victim