Cryptocurrency trading game is too easy

[emiltz]

Yesterday I invested $200 into LIFE and after seeing alot of sell orders and your disscusion here I sold it at the same price, this morning I woke up and saw that it's 300% up.
You guys got me scared and I started to question myself.

 

[Deleted member 969102]

It becomes harder as you move more volume. Trying to triple a bitcoin is a lot harder than to triple $10.

But congrats anyway, keep it up. Just remember higher amounts are tougher.

Eh, maybe not 1 BTC. I’d say once you get to the 30BTC range you can cause your own pumps and have issues cashing out on that but, by that point, I’m sure you’ll be happy anyway.

 

[bartosimpsonio]

Eh, maybe not 1 BTC. I’d say once you get to the 30BTC range you can cause your own pumps and have issues cashing out on that but, by that point, I’m sure you’ll be happy anyway.

Sure but you only profit in a pump if people go in buying on the hype after you pump it. If you pump and everyone dumps on you, you lose money. Also Bittrex and others are closing accounts if you pump something deliberately, buying consistently above price to eat up the sell wall. I've been noticing big orders now stay where they are to avoid this penalty, some guy puts a 10+ BTC buy order and just sits there, even if his isn't the highest bid, to avoid a penalty. It's getting really hard to move bigger chunks of cryptos.

 

[Deleted member 969102]

Sure but you only profit in a pump if people go in buying on the hype after you pump it. If you pump and everyone dumps on you, you lose money. Also Bittrex and others are closing accounts if you pump something deliberately, buying consistently above price to eat up the sell wall. I've been noticing big orders now stay where they are to avoid this penalty, some guy puts a 10+ BTC buy order and just sits there, even if his isn't the highest bid, to avoid a penalty. It's getting really hard to move bigger chunks of cryptos.

I recently joined a pump group with 30k members. You can get a good few eth in but any more is risky. Always use fresh accounts on exchanges.

 

[Jeffreyy]

This is the time when downfall starts when someone say that.

exactly , watch hungry newbie reaction ,

where can we buy DVRS?

 

[emiltz]

exactly , watch hungry newbie reaction ,

Yesterday bought $100 ADZ, today sold for $148
Yesterday bought $100 VSX, today sold for $143

Got $85 for mined DVRS,spent $30 on rigs

Easy $91 profit on trades and $55 on mining

Currently invested only $40 on LINDA, it looks like it will go up to 50% in next 12 hours

 

[Peter Ngo]

Where do you guys trade crypto? Binance is currently not open to new registration.

 

[soa0611]

Yesterday bought $100 ADZ, today sold for $148
Yesterday bought $100 VSX, today sold for $143

Got $85 for mined DVRS,spent $30 on rigs

Easy $91 profit on trades and $55 on mining

Currently invested only $40 on LINDA, it looks like it will go up to 50% in next 12 hours

where do you trade all these coins? which exchange? Cryptopia?

 

[mightykudgel]

Rule of thumb with cryptos: once you 2-3x your initial investment, SELL.

Take for instance Ripple: the coin 10x in a matter of days, now it's freefalling.

 

[slager889]

I started with $10 in BTC's just to play with it after watching alot of threads in this section and I'm now on $300 BTC's and have 2 nice altcoins on balances and I done it all in one week.

How I've done it?
I simply watch altcoins social profiles and looking into devs plans and I didn't loose on any alcoin I bought.
I watched HBC and in 6 hours I got 3x of my $10, then I sold it and bought XP and sold it at 3x in 24 hours.Then I saw Linda coin which got very interesting to me after seeing people reactions and predictions to be in top 200 trading in 48 hours.
Since I had $90 I decided to invest $60 into Linda and $30 to rent some rigs, that was yesterday.
Today I woke up and found that Linda is worth 5x more and I sold it instantly.
So now I have $300 worth of BTC's and with rigs I rented I mined 150 XVG and 1200 DVRS.
DVRS is new crypto which didn't got to coinmarketscap yet but I think it will be easy $1 in no time after full launch.

So I'm playing on short term investments and not risking alot but getting nice profits, I wish I started with more than $10

Good for you. I turned $300 to $1600 trading altcoins in the past week.

 

[slager889]

Thank u bro!
They accept deposit/withdraw with BTC?

Yeah but you shouldn't be depositing and withdrawing with btc. Buy something that has low fees and fast confirmations and send that to whatever exchange you're trying to transfer to.

 

[emiltz]

where do you trade all these coins? which exchange? Cryptopia?

coinexchange.io and cryptopia

 

[soa0611]

Good for you. I turned $300 to $1600 trading altcoins in the past week.

was it daytrading ? i mean how frequently you trade. or 1-2 buy-sell per week?

 

[prodaters]

Right now is a great time to be in the markets. Ive turned .5 BTC into 5 myself witthin only a few weeks. Get in now it wont last forever.

 

[slager889]

was it daytrading ? i mean how frequently you trade. or 1-2 buy-sell per week?

Yeah day trading. I buy and sell multiple times daily.

 

[soa0611]

Yeah day trading. I buy and sell multiple times daily.

it seems risky. do you have some trading skills or just monitor coin's social profiles?

 

[emiltz]

it seems risky. do you have some trading skills or just monitor coin's social profiles?

Just watch coin community and announcements.

I was able to get 200% from COUPE and 30% from ECC, I belive those will grow for little bit more but I didn't want to risk

 

[JamesBlake]

It's been said by alot of people that the first million is the hardest.

 

[makinon]

Im happy for you my freind congrats

 

[sanfu16]

I started with $10 in BTC's just to play with it after watching alot of threads in this section and I'm now on $300 BTC's and have 2 nice altcoins on balances and I done it all in one week.

How I've done it?
I simply watch altcoins social profiles and looking into devs plans and I didn't loose on any alcoin I bought.
I watched HBC and in 6 hours I got 3x of my $10, then I sold it and bought XP and sold it at 3x in 24 hours.Then I saw Linda coin which got very interesting to me after seeing people reactions and predictions to be in top 200 trading in 48 hours.
Since I had $90 I decided to invest $60 into Linda and $30 to rent some rigs, that was yesterday.
Today I woke up and found that Linda is worth 5x more and I sold it instantly.
So now I have $300 worth of BTC's and with rigs I rented I mined 150 XVG and 1200 DVRS.
DVRS is new crypto which didn't got to coinmarketscap yet but I think it will be easy $1 in no time after full launch.

So I'm playing on short term investments and not risking alot but getting nice profits, I wish I started with more than $10

Hi emiltz, thank you for your post. I've placed $30 to rent some rigs at miningrigrentals to mine some XVG and DGB and I didn't hit even ($30 to rent for 12 hours and only $22 worth of coins coming back). I selected a rig that was approximately $15 to rent per 6 hours, had and RPI of 100 and a hashrate of 1.14Gh/s and used the max number of workers (5 workers) to mine both coins. I feel like I'd doing something wrong, any advice? Thanks!