[Crypto Journey] Going from $200 to $100k.

EagerToEarn said:

# 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."

Click to expand...

Makroy said:

Where can I buy these crypto coins safely?

Click to expand...

pro2max said:

Which crypto you recommend investing at the moment?

Click to expand...

cryptobro said:

That's gonna be tough. Look into ICOs. They usually have the best returns.

Click to expand...

cryptobro said:

That's gonna be tough. Look into ICOs. They usually have the best returns.

Click to expand...

Fragmaster said:

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 .

Click to expand...

cryptobro said:

That's gonna be tough. Look into ICOs. They usually have the best returns.

Click to expand...

faithjhung said:

A famous quote from Warren Buffet:

Rule 1: Don't lose money
Rule 2: Don't forget rule # 1.


The money is at sitting, not with trading.

Click to expand...

PinguSpy said:

I dint randomly bought altcoin that worth cent.

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.

Click to expand...

meinewelt said:

From what I have seen the people who become millionaires from Altcoins (and also those who became Millionaire from Bitcoin) is they buy & let it sleep.

Those people who trade a lot, buy many different coins and always chase the next big thing, I only see FAIL.

See Bitcoin if you are a trader from back in the day and bought bitcoins for $1 each. You would have sold for $5 LOL ......

Maybe you would have rebought at $200 but then resold for $500...

Now its $5000 tho (well, it was for a short moment)... So best strategy? Buy coins for the CHEAPEST you can get them and then let them sleep and grow...

The chance you get a *50 coin is maybe 1 in 100. Many of the coins people now invest in ALREADY MADE *50. Sure you COULD still make a profit on them but never as much as those who bought it at their lowest & let it sleep.

Also the "small" (not sooo small) bitcoin crash just showed ALL ALTCOINS crashed too. So while that it is a good strategy now to buy more for cheap, its also a sign that it all depends on bitcoin still way too much. I was suprised people rather went back into USD when bitcoin crashed instead of buying some promising coins from their bitcoin money. So basically what this means, the market STILL dont trust any altcoin. Because if the market trusted WAVES for example to be the next big thing, they would have bought waves with their bitcoins. But they did not.

So again, best strategy buy the coins that are now at the lowest they ever been, that have a real value, that have real life application, get worked on, get marketed right ...... and/or have a HUGE idea/movement/vibe behind them.

Click to expand...

strongsteel said:

I am sorry to burst your bubble but there is absolutely NO WAY you can turn $200 into $100k unless you actively traded Bitcoin futures on bitmex.

This just isn't how it works at this stage in the game, this isn't some get rich quick scheme where you can put in a dollar and become a millionaire .

Click to expand...

bmanfacts said:

I'm on a different school of thinking that says it's quite possible to go from $200 to $100,000. However, your most challenging time will be from when you get between 2-5k (with current btc prices). I say that because it becomes harder to move that amount with fewer trades. Liquidity becomes more challenge and you may have to diversify more than you'd like.



I don't fully believe in a stop loss unless you're really playing a trend and taking a risk with no solid foundation. However the essence of the above quoted matters. It's doing yourself more harm than good if you have your strategy to buy low and sell high on a weekly basis. You may end up with several weeks where, because of the current prices, you end up buying high and selling (really) low.

Unless you're sure that a coin will go up over a week's time consistently, I would switch to target updates for this journey. Setting how much you intend to profit from the trade, set your sell limit and then report when it's achieved. And keep doing that all the way through until you hit your goal. Otherwise this'll become "A journey from $200 to broke: a crypto story of how one boy's dreams of becoming rich were spit back at him by people who knew better"

If someone writes that book, I'll pay you

Click to expand...