[Crypto Journey] Going from $200 to $100k.
- Thread starter EagerToEarn
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Fragmaster
Senior Member
- Apr 3, 2016
- 986
- 1,445
Guys, it's not easy. Buy low and sell high makes sense when you can deduce what is high and what is low. Market is erratic and todays low is tommorows high, or vice versa. Please go and try it for few months before trying to portrait crypto as easy money. It's easy when it's bullish, in that case even monkey can earn. There is money to be made, but you need to watch charts all day, do TA, read news, figure out what is real, what is FUD. Figure out if coin you invest in solves real life problem, delivers something tangible, has proven developers in team, have active social media, and responsive communication channels.
So far, buy&hold good top alts makes more money than forcing trades every day.
Most charts are sharp upward spike followed by slow painful decline. Head&shoulders pattern is also common.Imagine holding a coin that drops 10% every day for 3 weeks. It's stressful. Every day you think why i didn't sell yesterday. And after 20 days of torture, you lose hope and sell at lowest, and it spikes 500%. Or just want to short it a bit, because if it does same thing for 20 days, it will do it today too. How does that sound for a walk in a park, everyone think this is.
Whales scare with buy/sell walls every day. Prices do free falls often.
So guys, if you have discipline, bittrex is the best casino in the world
.
So far, buy&hold good top alts makes more money than forcing trades every day.
Most charts are sharp upward spike followed by slow painful decline. Head&shoulders pattern is also common.Imagine holding a coin that drops 10% every day for 3 weeks. It's stressful. Every day you think why i didn't sell yesterday. And after 20 days of torture, you lose hope and sell at lowest, and it spikes 500%. Or just want to short it a bit, because if it does same thing for 20 days, it will do it today too. How does that sound for a walk in a park, everyone think this is.
Whales scare with buy/sell walls every day. Prices do free falls often.
So guys, if you have discipline, bittrex is the best casino in the world
.
Skybandino
Registered Member
- May 18, 2017
- 86
- 34
Nice goal op, before I got into this stuff I would think such goals are too ambitious, now not so much. Some advice for all is to allocate your risk properly. Made some profits on a risky coin? Take some profit out and redistribute to more safer coins (ex ltc, btc, eth) This way you start building a proper portfolio for some long term success.
Research is very damn key I can never stress it enough. You can see bare people hyping X coin so much without providing valid reasoning. Due diligence is a major key to not getting rekt. A good example of proper research is something that was seen recently like a month or two ago. I got in on monero at around 40ish bucks. Following the coin I saw that Korean exchanges were going to add it. So I bought more and the damn coin flew to 100+ in the coming days. Being added to an exchange can dramatically increase the value of a coin. Be careful though in the case of some ICOs and coins some people start dumping the coin on the exchange which will eventually lower the value.
Ahh last point is try not to FOMO or FUD. For those who don't know the meaning FOMO= fear of missing out, and FUD=fear, uncertainty, doubt. It is unreal how common it is for people to buy when the coins are rapidly rising, and sell when the price of their coins fall. Recent China news brought the entire market down a lot. Even coins which should not be affected by China banning icos went down. Dont panic think logically and in these times consider buying some solid coins. I personally bought OMG and more LTC during the recent dip and they are recovering and in the case of OMG surging.
Research is very damn key I can never stress it enough. You can see bare people hyping X coin so much without providing valid reasoning. Due diligence is a major key to not getting rekt. A good example of proper research is something that was seen recently like a month or two ago. I got in on monero at around 40ish bucks. Following the coin I saw that Korean exchanges were going to add it. So I bought more and the damn coin flew to 100+ in the coming days. Being added to an exchange can dramatically increase the value of a coin. Be careful though in the case of some ICOs and coins some people start dumping the coin on the exchange which will eventually lower the value.
Ahh last point is try not to FOMO or FUD. For those who don't know the meaning FOMO= fear of missing out, and FUD=fear, uncertainty, doubt. It is unreal how common it is for people to buy when the coins are rapidly rising, and sell when the price of their coins fall. Recent China news brought the entire market down a lot. Even coins which should not be affected by China banning icos went down. Dont panic think logically and in these times consider buying some solid coins. I personally bought OMG and more LTC during the recent dip and they are recovering and in the case of OMG surging.
EagerToEarn
Regular Member
- Jun 4, 2017
- 380
- 100
I appreciate everybody who leave their thoughts about my journey.
I was thinking about it. I believe i need atleast $500 to make this journey easier for me. $1000 is best. I will be adding some more money in this later on. Maybe remove some money from my long term. Will see that later.
I could have sold some tenx when it hit $4.99. Missed that.
As per my calculation, It may take one year to 6 months (If Pump and Dump Group bless me at some point) to reach somewhere.
This Journey is a TRY.
What if i fail? I appreciate to try my luck in crypto. I'm not an expert.
Well, I believe its possible and I also knew its unrealistic to look at.
But say this to people who get into NEO and got 7x in one week.
Crypto market is fast changing.
I keep a track on few coins which i find good for trading.
Example: EDG is very good. 50-20% ROI in a week or two.
About StopLoss.
My plan is to BUY LOW OR DONT BUY.
I try to do day trading for 1 month.
Kore and CVC gives good returns.
I didnt know about pump and dump and
Invested 0.00000132, cause it was red. Ofcourse I FOMOed. and price roams around x.xx125 to x.xx130. Than after two weeks it hits x.xx160 out of nowhere.
If you do things right, it may turn around.
I was thinking about it. I believe i need atleast $500 to make this journey easier for me. $1000 is best. I will be adding some more money in this later on. Maybe remove some money from my long term. Will see that later.
I could have sold some tenx when it hit $4.99. Missed that.
As per my calculation, It may take one year to 6 months (If Pump and Dump Group bless me at some point) to reach somewhere.
This Journey is a TRY.
What if i fail? I appreciate to try my luck in crypto. I'm not an expert.
Well, I believe its possible and I also knew its unrealistic to look at.
But say this to people who get into NEO and got 7x in one week.
Crypto market is fast changing.
I keep a track on few coins which i find good for trading.
Example: EDG is very good. 50-20% ROI in a week or two.
About StopLoss.
My plan is to BUY LOW OR DONT BUY.
I try to do day trading for 1 month.
Kore and CVC gives good returns.
I didnt know about pump and dump and
Invested 0.00000132, cause it was red. Ofcourse I FOMOed. and price roams around x.xx125 to x.xx130. Than after two weeks it hits x.xx160 out of nowhere.
I admit. Long term is better than short term.
If you do things right, it may turn around.
EagerToEarn
Regular Member
- Jun 4, 2017
- 380
- 100
Guys, it's not easy. Buy low and sell high makes sense when you can deduce what is high and what is low. Market is erratic and todays low is tommorows high, or vice versa. Please go and try it for few months before trying to portrait crypto as easy money. It's easy when it's bullish, in that case even monkey can earn. There is money to be made, but you need to watch charts all day, do TA, read news, figure out what is real, what is FUD. Figure out if coin you invest in solves real life problem, delivers something tangible, has proven developers in team, have active social media, and responsive communication channels.
So far, buy&hold good top alts makes more money than forcing trades every day.
Most charts are sharp upward spike followed by slow painful decline. Head&shoulders pattern is also common.Imagine holding a coin that drops 10% every day for 3 weeks. It's stressful. Every day you think why i didn't sell yesterday. And after 20 days of torture, you lose hope and sell at lowest, and it spikes 500%. Or just want to short it a bit, because if it does same thing for 20 days, it will do it today too. How does that sound for a walk in a park, everyone think this is.
Whales scare with buy/sell walls every day. Prices do free falls often.
So guys, if you have discipline, bittrex is the best casino in the world
You have just explained the Pump and Dump whales LOL XD.
What?? Why do i need to look at chart all day?
You can set the price low and it will buy automatically. Thats where it gets easy.
I'm doing this weekly. Maybe each sunday.
I will only invest in coins that have stable up and down for atleast a week.
PinguSpy
Elite Member
- Dec 7, 2007
- 3,085
- 3,029
$200 > $100,000.00
Hmm only 'cent' coint can do that.
Example 1: Coin A, current price is $0.10. Circulating supply <100,000,000 (meaning lower market cap). So for it to jump from $0.10 > $1.00 is easy. (1,000% profit).
(Lower capital)
Example 2: Coin B, current price is $10.00. Circulating supply <100,000,000 (higher market cap, probably already hitting top 100 coins). So for it to jump from $10.00 > $20.00 is easy. (200% profit).
(Need higher capital to start)
This is why I kept hunting this 'cent' coin everyday, and of course with good technology and team.
Hmm only 'cent' coint can do that.
Example 1: Coin A, current price is $0.10. Circulating supply <100,000,000 (meaning lower market cap). So for it to jump from $0.10 > $1.00 is easy. (1,000% profit).
(Lower capital)
Example 2: Coin B, current price is $10.00. Circulating supply <100,000,000 (higher market cap, probably already hitting top 100 coins). So for it to jump from $10.00 > $20.00 is easy. (200% profit).
(Need higher capital to start)
This is why I kept hunting this 'cent' coin everyday, and of course with good technology and team.
I know what you mean but it isnt true. See if you bought bitcoin at $100 its almost $5000 now thats *50. Now how many people said when bitcoijn was $100 that "its too expensive... you cant get rich from bitcoin...." they were ALL WRONG. They rather bought Dogecoin for $0.0001 and see where they are now. Still broke.
If Bitcoin keeps growing like its currently growing this year, it will already be $25k by the end of the year, and then it scales large pretty quickly, going to 6 digits. So you could still make *50 even with Bitcoin from where its now.
Sure with some Altcoins you COULD get there faster. But you also have to see that out of 100 Altcoins probably less than 1 can make such jumps. So which is more realistic? That you have an altcoin that goes *50, or that your investment in bitcoin makes *50?
Just as a thought....
This said, I do believe that some altcoins as waves which is at $5, or Neo (despite the bad news currently from china) at $20 could still make insanely large jumps. Tho Neo now is already very high, there indeed you should have invested when it was $0.20 and got your *100 or even *200 when it was at its peak
Really the sky is the limit, if you want a good coin find one that everybody wants to use, that is easy to use, that gets a lot of partnerships with old business, that has working, successful vision.... I currently see waves as most interesting and *50 would just be $250... But it could also go to $1000 and more if their exchange, and business ventures work out. They already just got covered by worldwide media with their burgerking coin which barely any altcoin gets.Waves launches the app this month so there will surely be more media coverage and more companies wanting in on it.
They do have a fat foot in the game, media connections, if they have other news which they do, they will also get coverage. Coverage creates demand and hype, show me a better coin ? ... So yeah it does not matter really that much what the price or market cap is... because some coins still have the chance to overtake the world. NOBODY knows if its Waves or another Altcoin that kicks Bitcoin from its throne... Just see webcrawler, altavista.. Yahoo.. They were leading the search engines then came google. I strongly believe same will happen with cryptos.
Last edited:
EagerToEarn
Regular Member
- Jun 4, 2017
- 380
- 100
Eth based altcoin are getting hacked recently.
I saw this in news somewhere.
PinguSpy
Elite Member
- Dec 7, 2007
- 3,085
- 3,029
I dint randomly bought altcoin that worth cent.I know what you mean but it isnt true. See if you bought bitcoin at $100 its almost $5000 now thats *50. Now how many people said when bitcoijn was $100 that "its too expensive... you cant get rich from bitcoin...." they were ALL WRONG. They rather bought Dogecoin for $0.0001 and see where they are now. Still broke.
If Bitcoin keeps growing like its currently growing this year, it will already be $25k by the end of the year, and then it scales large pretty quickly, going to 6 digits. So you could still make *50 even with Bitcoin from where its now.
Sure with some Altcoins you COULD get there faster. But you also have to see that out of 100 Altcoins probably less than 1 can make such jumps. So which is more realistic? That you have an altcoin that goes *50, or that your investment in bitcoin makes *50?
Just as a thought....
This said, I do believe that some altcoins as waves which is at $5, or Neo (despite the bad news currently from china) at $20 could still make insanely large jumps. Tho Neo now is already very high, there indeed you should have invested when it was $0.20 and got your *100 or even *200 when it was at its peak
Really the sky is the limit, if you want a good coin find one that everybody wants to use, that is easy to use, that gets a lot of partnerships with old business, that has working, successful vision.... I currently see waves as most interesting and *50 would just be $250... But it could also go to $1000 and more if their exchange, and business ventures work out. They already just got covered by worldwide media with their burgerking coin which barely any altcoin gets.Waves launches the app this month so there will surely be more media coverage and more companies wanting in on it.
They do have a fat foot in the game, media connections, if they have other news which they do, they will also get coverage. Coverage creates demand and hype, show me a better coin ? ... So yeah it does not matter really that much what the price or market cap is... because some coins still have the chance to overtake the world. NOBODY knows if its Waves or another Altcoin that kicks Bitcoin from its throne... Just see webcrawler, altavista.. Yahoo.. They were leading the search engines then came google. I strongly believe same will happen with cryptos.
For example I bought 113,000 units of RISE when it still at $0.09
Because that time I see, people keep talking about it, I made a research after that, and I realise its from cryptic fork, just like LISK, ARK, and SHIFT came from.
Few days later it jump from $0.09 > $0.8 top, now it correction at $0.3-0.4. I believe it will hitting $1.00 soon before DEC or maybe more.
There are still many great coins aka sleeping giant.
Blockchain technology is constantly upgrade, from currency> dapps> smart-contract> tangle> NEXT?
That's why we always need to be alert and ready.
Opportunity is always there.
EagerToEarn
Regular Member
- Jun 4, 2017
- 380
- 100
TIP #1
When doing trading with crypto, don't ever let emotion control when you buy or sell.
FOMO - fear of missing out means the fear of losing the oppurtunity to buy when the coin is going up. You believe it will go up even more. But in most cases you ended buying coin at its high. When price fall, you get terrible loss.
FUD - Fear, Uncertainty and Doudt. If the price is falling and you panic and sell the coins at cheap price and few days later price increased more than you have purchased. You failed yourself by FUD.
Remember, dont get super happy when you win. Just apreciate and move on. If you dont then when you lose it will hurt you real bad.
When doing trading with crypto, don't ever let emotion control when you buy or sell.
FOMO - fear of missing out means the fear of losing the oppurtunity to buy when the coin is going up. You believe it will go up even more. But in most cases you ended buying coin at its high. When price fall, you get terrible loss.
FUD - Fear, Uncertainty and Doudt. If the price is falling and you panic and sell the coins at cheap price and few days later price increased more than you have purchased. You failed yourself by FUD.
Remember, dont get super happy when you win. Just apreciate and move on. If you dont then when you lose it will hurt you real bad.
- Dec 3, 2015
- 5,335
- 6,023
EagerToEarn
Regular Member
- Jun 4, 2017
- 380
- 100
Its tough to reach with $200. I knew that from the start. Need atleast $1000 to go somewhere. Without it journey will take alot time.
Well, all investment is in profit (10-30% ROI) and will be more in a long time.
But will keep continuing this...
Well, all investment is in profit (10-30% ROI) and will be more in a long time.
But will keep continuing this...
EagerToEarn
Regular Member
- Jun 4, 2017
- 380
- 100
Current state.
I have to take some part from long term. I took it from lisk as price hits $7.xx
BTC invested :
0.04649318 + 0.03802738
= 0.08452056
Available BTC :
0.03802738
Bought:
PAY - 31.41(@0.00063509)
Note:
I'm already in profit even i haven't sell anything and also got good ROI from Lisk. It hurts but fine.. I hope this will get me somewhere.
I have to take some part from long term. I took it from lisk as price hits $7.xx
BTC invested :
0.04649318 + 0.03802738
= 0.08452056
Available BTC :
0.03802738
Bought:
PAY - 31.41(@0.00063509)
Note:
I'm already in profit even i haven't sell anything and also got good ROI from Lisk. It hurts but fine.. I hope this will get me somewhere.
EagerToEarn
Regular Member
- Jun 4, 2017
- 380
- 100
TIP #2
Dont buy if the price is going too much up and too much down. Try to find coin which are stable for atleast a week or two.
Dont buy if the price is going too much up and too much down. Try to find coin which are stable for atleast a week or two.
EagerToEarn
Regular Member
- Jun 4, 2017
- 380
- 100
You need more money to make the profit.
Good Altcoin is more profitable I believe for short amount or large it is goldmine.
You strategy is nice and safe.
Good Luck.
EagerToEarn
Regular Member
- Jun 4, 2017
- 380
- 100
# Update 3
BTC invested - 0.08452056
Available BTC - 0
Bought:
XZC - 16.96 (@0.00223539)
Note: PAY and EDG are pumping nicely.
I set the higher sell limit. I dont believe it will be gonna hit in a week LOL XD
Let's see what will happen.
Remember "Set and Forget."
BTC invested - 0.08452056
Available BTC - 0
Bought:
XZC - 16.96 (@0.00223539)
Note: PAY and EDG are pumping nicely.
I set the higher sell limit. I dont believe it will be gonna hit in a week LOL XD
Let's see what will happen.
Remember "Set and Forget."
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