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Alt Coin or Cryptos

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posted on Mar, 26 2018 @ 09:28 AM
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Well, so far, this year, crypto has been a pretty losing investment. However, the hope is that over time, your friend's predictions will come true (to the OP). But, there are a LOT of growing pains still to go.

A lot of us are betting that crypto still has a golden age to come. Of course, which coins will survive to enjoy it, are anyone's guess. Right now, Bitcoin, Ethereum, and Litecoin are some of the most popular, but there are many others out there, and some that could just explode in a good way, for all we know.

Or, we could lose it all.

So, my advice is that if you get into it, start small (and diversify with the main coins, and a few alt coins that are cheap), and only with what you can afford to lose. (and though you'll be tempted to check....ignore the daily ups and downs. Hold on to it, for that hopeful time when it skyrockets in value, then sell....SOME of it...).
You'll see a lot of weird terms too...

HODL - (Hold, or Hold on for dear life) - means to just sit and hold on to your current investment.
FOMO - Fear of Missing Out, when you buy in because you feel if you don't, you'll miss the opportunity.
FUD - Fear, uncertainty, doubt. Or, the daily condition of crypto.

etc. etc.



edit on 26-3-2018 by Gazrok because: (no reason given)




posted on Apr, 4 2018 @ 06:30 PM
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a reply to: Gazrok

How about the chart surfing strategy, where the number of coins owned is the strategy of growth... ignoring the common terms that point 'A' to point 'B' investors use?

I make my own set of investing strategies, and pattern trading has yielded the best strategy so far.

Take XVG for instance. It had a 46% spike up, so I watched for the 24 hour % to start turning down... selling the puny 318 coins I owned in exchange for ETH. I will likely get back in here by nights end because I expect big XVG moves through 4-31, but HODL'ing or FUD logics are ignored. Instead, when the impulse charts consolidate I will buy back in on the full ETH purchase price. If I were to exchange that ETH back into XVG right now, it would yield 359 coins.

So, while most people are concerned with where the charts will be in 6 months, I only care to increase my coin count. What's the point of worrying about how much a coins worth as a guess when I know I can definitely increase my coin investment by 13% in 24 hours if I desire.

Do this on binance, using the trailing stop loss technique and phone tapping can make you rich. With the same initial investment spread out among my favorite coins/tokens, I have increased my coin count to over 500k coins.

For tax purposes, I only use this strategy when spikes of 33% or more are achieved...



posted on Apr, 5 2018 @ 02:04 PM
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a reply to: ttobban

It's still all speculation. I do get your strategy, but that also involves a lot of time.

And, since the bigger market moves tend to happen in the OFF hours of the US, a bit tricky for us to take advantage of.

With enough money to play with though, yeah, you could make a lot of big moves day trading, and converting (though since you lose with each transaction, have to be sure your gain exceeds the trans cost, as well as netting a profit in coins.



 
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