Making money crypto with 10-20% fluctuations?

[slippery_slider]

Its not likely 5 of the top 50 cryptos will go down and stay down forever.

https://coinmarketcap.com/historical/

 

[TomTheCat]

Say i do it, and i get fucking Cardano, and it goes down by 99.9% and stays there for 10 fucking years. I dont care!

Just as long as on year 11 it shoots back up to where i purchased it and adds a 10-20% on top, im good.

You forgot about inflation on those 11 years, that will eat your profit.

 

[RottenApple]

You are right, within its volatility crypto is really predictable.

Let's do a test on this thread, I just bought $1,000 imaginary dollars of Cardano at its actual price of $0.8431.

I now own 843.1 imaginary Cardano tokens. I am going to cash out at $0.92741 (10% gain).

Not averaging out for the sake of the fun.

In the end, if Cardano keeps going down, I hold and someday it should meet our selling price. Right? Right...? ....

 

[dotc0m]

Margin leveraged trading is how you make money with 10%- 20% fluctuations. Get 10X margin on your capital and 10% means you double your money.

You can also do futures and have a short or long position so when the price goes down 10% you gain on that.

but if the price goes 10% against your trade you lose everything on a margin call.

invest only what you can afford to lose

 

[Scorpion Ghost]

I was just about to ask this same question you did because I've been thinking about this a lot the last few months. I don't know shit about the companies and people behind the coins. All I do is watch the market trends and I noticed it too. It's always going down by 20% and then about a month later it goes back up by 20% give or take. So it occurred to me, why not just buy when they are all down and then sell it off when they go back up and repeat this process. The more money you invest, the more you make back but of course the fear is always that if you put in too much money and something shitty happens and you lose it all.

But here's a few good examples. Cardano is a legit and solid coin. It's not going to just go to $0 next week or next month (99%).
So if Cardano's low is around 80 cents the past couple months and it's high is about $1.25 then when it hits the low 80s, why not buy up $300 or $400 worth. Then when it goes back up to $1 or $1.15 in a month or two, sell it off and keep your profit of about $75 or so. Then just wait for it to drop again to low 80s and buy up some more.

I kept track of other coins like Avalanche which hits lows of 60s and then hits highs of $1. Could avalanche hit 10 cents or 20 cents again? Sure, but not likely. It's going to keep bouncing between this 60 cent low to $125 high range and maybe eventually even hit new highs. Same with Solana and few others.

So right now, I was thinking the best time to buy Cardano is now. It's back to low 80s. I bought it a month ago at mid 80s and sold it off at $1.07 and took a small profit cuz I only spent like $200 bucks or so on it. But now it's doing it again so I bought another couple hundred bucks worth of Cardano and I suspect in a month or less, it'll spike back up to $1 - $1.20 range and you sell it off again.

Matic used to always bounce from $1.40 to $2.15 every month or so and it did this several times! I kept track of it but I never bought it until recently. Unfortunately Matic hasn't been bouncing back to the high $1.90 ~ $2.25 range the past couple months. It last hit over $2 back in Feb 9ish so I had bought a few hundred bucks worth of Matic at around $1.45-$1.70 waiting for it to hit $2+ and sell it off but it's been a longer wait than I expected.


Same with ALGO. Algo was always bouncing around low 60s 70s and hitting high 90s and doing this a lot every few weeks. It's very low right now but I'm thinking it's bound to hit the 90 cents to $1 range again as it always does.

I went off the board a bit and decided to buy up some CELO. I noticed that CELO is at around it's lowest right now but at $2.74 it looks like it's going to eventually bounce back to it's usual $4 to $5 range as it does this every few months. So just buy a lot of CELO right now and wait 3 or 4 months and watch it hit $4-$5 again (double your money). So if you put in $200, then only $400 (+200) but if you are more daring, put in 10K and get 20K (+10K profit minus fees).

I think we are thinking about the exact same thing and I'd be interested to talk to you more in DM. Actually, I've been wondering why more people don't actually talk about their results and share. It's like people are scared to giveaway their 'secrets' or 'winning formula' OR they really aren't sure so they don't want to say anything. Of course, I don't know anything either and can't guarantee any of this works but on paper, it does keep dropping 20% and bouncing back 20% so why not buy it up during bear like now, and sell off in a month when it gets bullish at +20% up. Then repeat this again when it goes bear.

Another thing I'm interested in is the people who have made claims or predictions and keeping them accountable to their word. Then over a period of time like 1 year or 2 years, we can actually see which people have a good track record of being right and which people pretty much are unreliable and got everything wrong 99% of the time.

Yeah we're thinking about the exact same thing.

Of course, for example today we'd be kinda screwed because everything is crashing. So if I had $2k in the game on XMR and LTC like I mentioned previously in this thread, now they're down and I'm stuck holding them.

But it's not really an issue, because they most probably won't go to $0 and disappear. And even if I held any other crypto, they are ALL down now. Well, almost all, I see Algorand and Tron being up, for some reason haha.

You are right, within its volatility crypto is really predictable.

Let's do a test on this thread, I just bought $1,000 imaginary dollars of Cardano at its actual price of $0.8431.

I now own 843.1 imaginary Cardano tokens. I am going to cash out at $0.92741 (10% gain).

Not averaging out for the sake of the fun.

In the end, if Cardano keeps going down, I hold and someday it should meet our selling price. Right? Right...? ....

Exactly right

Margin leveraged trading is how you make money with 10%- 20% fluctuations. Get 10X margin on your capital and 10% means you double your money.

You can also do futures and have a short or long position so when the price goes down 10% you gain on that.

but if the price goes 10% against your trade you lose everything on a margin call.

invest only what you can afford to lose

You know, all that x10 and x20 trading and leverage and stop losses and futures and short and long and... I like it, but it's scary, and so I don't like it.

It's complicated. I don't like complicated.

I can do complicated if it's complicated because we took a simple thing and scaled it, and so it became complicated because of the scale. But at the base of it it's still simple. No problem.

But this kind of trading like you're talking about, it's so complex, it's a headache, and I don't like headaches.

The kind of "trading" that I'm talking about is kids play, simple stuff. And there's no risk of losing all or any of your money. That is, unless a crypto you're holding goes bust. But I don't see LTC or ADA or XMR or BTC or ETH going to zero any time soon.

The only real risk is you buy a crypto and it drops and stays dropped for years. And so you're just sitting there for years waiting for it to go back up again. But this is not a loss, not really. We didn't lose any money.

 

[dotc0m]

But I don't see LTC or ADA or XMR or BTC or ETH going to zero any time soon.

it's going to zero ADA down 20% in the past two days

 

[djsobuj]

it's going to zero ADA down 20% in the past two days

LTC is recovering now

 

[paisawaisa]

Yesterday sone coins corrected by 50℅ . Good time to invest and earn money.

 

[Scorpion Ghost]

it's going to zero ADA down 20% in the past two days

Yeah, well, unless it actually gets to 0 and they shut the shit down, we golden baby

 

[INCC]

How is this thing going for you now after some months have passed?

I'm going to try this now but with a little different approach:

I'm going to use the Binance currency converter (without fees) for this and stay away from the trading section.

All these Binance listed coins are fluctuating massively - $RSR for example did 100 % of gains in recent days just because they announced their mainnet launch... The strategy is to join around +50 Telegram groups of Binance listed coins and buy the trend/news.

Many of these projects are constantly developing so the prices are constantly going up/down on a daily basis, create a calendar of the upcoming events and just convert BUSD/RSR = take the profits and convert everything back to BUSD.

The main problem is to follow over +50 projects and update your calendar with the events... but catching those 5 % swings doesn't seem hard at all.

 

[dekadent30]

I'm making money this way. I place trigger order on BTC at $ 18800 and when it drops trigger is released and i buy on autopilot. And everytime btc price goes up after that to around 19300-19500 i sell. Profit. Even if somethong bad will happen and price will drop to 18000 i'm sure it will rise back to 18800 so i lose nothing

 

[KindleHD]

the flaw is you could be waiting for a quick 10-20% but end up being in that same trade for days or weeks or even months. rn the bear market has been consistent for 8 months. TA Analysts are the ones who leverage and day trade. if going in blind its gambling trust me. but i did do shorts and longs with 10k and made 40k with shiba when it was pumping. 100% trades

 

[INCC]

I'm making money this way. I place trigger order on BTC at $ 18800 and when it drops trigger is released and i buy on autopilot. And everytime btc price goes up after that to around 19300-19500 i sell. Profit. Even if somethong bad will happen and price will drop to 18000 i'm sure it will rise back to 18800 so i lose nothing

Correct. This is what I was basically talking about but using the free converter you cant place the trigger orders so I have to do it manually.

Also, doing this only with BTC might not be the best option if you want to do this on a daily basis as the price might not fluctuate that much...

 

[lotsofmoney]

It is not that easy. Imagine making 100 % profit in 10 days and on 11th day market completely crashes and you loose it all.

 

[N1ckG2]

Time is money. It is all about timing with crypto.

How would your strategy handle this:

or this:

I cut time frame because it doesnt matter. You can zoom in and out any chart to find similar bevavior.

Your stratgey (as I undersatnd it) is known as a GRID trading and works in a range - sideway or bullish. To make it work in a bear market you need to buy in slots. You have 1000 - okay, buy with 100 and wait. if price goes up you sell and make 1-2-3-4% of 100. If price goes down buy again with 100 and wait and so on. This is what I do with 10% profit per month on average and I will write detailed guide when I have time.

In short you need:
- a crystal ball to guess (as you never know) when to go in and out.
- know what to trade
- have money and risk tolerance.
- play it long term.

The other way is hodl. Buy BTC, ETH now and wait 2-3-4 years when they go up 5-6x - (google 4y period)

If you believe price will go up by X% why dont you leverage 20-50x and make only one trade with all money you have?

It is ALL about your risk tolerance and believe me - there is not a thing like "money you are ready to lose".
Here is a simple way to test your tolerance to lose an amount: If you are okay to lose 10, 50, 100, 1k, 10k or so please DM me for my btc address and to make it more realistic .... you should remeber when these type of JV were allowed on BHW - I start a "business", send you a business plan (a good one) you invest money for a share. I am glad this is NOT allowed anymore on BHW!

Jokes aside, I like your strategy I do believe it can work but you need to find a way to automate it unless you want to lose your sleep. You can try Trality to backtest your strategy. I used their free plan to fine tune mine and got interesting results.

 

[seomaster5]

You think it ia possible to get 10 trades with 10% gain correct in one go. It is not practical.