1. This website uses cookies to improve service and provide a tailored user experience. By using this site, you agree to this use. See our Cookie Policy.
    Dismiss Notice

How I turned $7K into ~$25K in the past 3 weeks and my journey to $500K

Discussion in 'CryptoCurrency' started by crypto-trader, May 7, 2017.

Thread Status:
Not open for further replies.
  1. ibyrne

    ibyrne Registered Member

    Joined:
    Dec 1, 2011
    Messages:
    61
    Likes Received:
    19
    What would you suggest using for a wallet? Lots out there. I want to get started with $50 to test it out and see what it's like.
     
  2. ridersark

    ridersark Senior Member

    Joined:
    Nov 14, 2015
    Messages:
    901
    Likes Received:
    331
    Gender:
    Male
    Location:
    before the screen
    Great going buddy. Subscribed and Looking to learn from your journey.
     
    • Thanks Thanks x 1
  3. Floopa75

    Floopa75 Senior Member

    Joined:
    Feb 6, 2014
    Messages:
    1,058
    Likes Received:
    826
    Gender:
    Male
    Occupation:
    Summit Rank Link Building
    Location:
    Canada
    Seems like every year there is a new coin that goes crazy. This year it is Ethereum. I don't trade crypto currency at all, but it's interesting to read about sometimes.

    Best of luck.
     
  4. LukaB

    LukaB Jr. Executive VIP Jr. VIP

    Joined:
    Apr 3, 2010
    Messages:
    4,789
    Likes Received:
    5,178
    Gender:
    Male
    Location:
    Planet Earth
    Let's make it rain $$$ . Cryptos have been amazing so far and will only continue.
     
  5. rejoin14

    rejoin14 Regular Member

    Joined:
    Jul 4, 2016
    Messages:
    232
    Likes Received:
    47
    What do you think about ICO's?
    It feels like you can make a good profit aswell (long term mostly)

    I bought this month ETT (Encryptotel) still in ICO.

    And holding some stratis since 0,6$.
     
  6. crypto-trader

    crypto-trader Newbie

    Joined:
    May 4, 2017
    Messages:
    24
    Likes Received:
    40
    Gender:
    Male
    Occupation:
    Full time crypto trader
    I exited xmr a few hours ago at $30.71 for a small loss (lost $190), it exited my channel so I would have had to wait for maybe a week to take very little profits which wasn't worth it.

    Much better to stay in btc now, because it is pumping again and altcoins are taking a breather. At the moment I am 100% in btc and as soon as the price slows down, I will buy more altcoins.

    Just from the increase of btc, my total bankroll value has gone up somewhere between $68K-$70K (including the profits from xlm) depending on which bitcoin index I use.

    If you are just beginning you can try popular online wallets like coinbase and blockchain.info. Airbitz.co is pretty nice too. But if you start investing more, I suggest you use an offline wallet or hardware wallet.

    ICO's are fine for short and mid term trading.

    Here's some other questions from pm (please try to ask questions in this thread so others can see the answers too):

    Do you post the trades the instant you buy / sell?

    I try to post as fast as I can, but I'm pretty busy sometimes and I post on the next break. I want to become more active on twitter, so maybe I will post there faster (@crypt0_trader).

    Could you tell me what site or platform you use to trade?

    For short term trading I use Bittrex, Poloniex, Kraken. For mid/long term trades I just use shapeshift.

    What is a trusted source to buy these with PayPal?

    Coinbase, localbitcoins (from sellers with good feedback), friends.

    Is is also possible to buy BTC and then sell BTC for USD later? And can I also buy Ethereum with BitCoin?

    Yes to both questions.
     
    • Thanks Thanks x 1
  7. Lankeezus

    Lankeezus Newbie

    Joined:
    Jan 5, 2017
    Messages:
    9
    Likes Received:
    1
    Gender:
    Male
    Hey
    Are there any resources you recommend for learning about trading crypto currency? I am interested in learning about it.
    Thanks
     
  8. rafoos123

    rafoos123 Junior Member

    Joined:
    Dec 2, 2013
    Messages:
    187
    Likes Received:
    83
    I would love to here it as well
     
  9. jmh777

    jmh777 Registered Member

    Joined:
    Jun 25, 2014
    Messages:
    89
    Likes Received:
    11
    Occupation:
    Student
    Location:
    USA, Mass
    Really interesting. Nice job.

    Now would you say you have been lucky, or are you predicting the market well?
     
    • Thanks Thanks x 1
  10. Daanoontjeh

    Daanoontjeh Newbie

    Joined:
    May 4, 2017
    Messages:
    3
    Likes Received:
    0
    Gender:
    Male
    BTC is going up very fast at the moment. What will be your next cryptocoin when BTC will be stable?
     
  11. crypto-trader

    crypto-trader Newbie

    Joined:
    May 4, 2017
    Messages:
    24
    Likes Received:
    40
    Gender:
    Male
    Occupation:
    Full time crypto trader
    Not that I know of. Other than learning how to trade in general. I will think about making a very basic starting guide. Possibly in a new thread if I have time.

    If you are talking about last month, I can't call it luck when it happens to everyone. I can say I saw that bitcoin had to go up significantly, based on the scaling debate alone, and it was natural for altcoins to follow, so in this sense I did predict the market well, but I didn't imagine it would grow this fast. Most people who had coins this whole period got some nice returns. Some got 10%, some got 300% or more. But keeping the profits is another story.

    That is the million dollar question. I'm sure there's more than 1 coin. I am still in btc and trying to find an altcoin entry. Haven't found it yet. maybe I will later today. Careful, overtrading can kill your bankroll.
     
  12. btrash

    btrash Newbie

    Joined:
    Mar 14, 2017
    Messages:
    18
    Likes Received:
    1
    Gender:
    Male
    congrats on your crypto win
     
    • Thanks Thanks x 1
  13. whiteblackseo

    whiteblackseo Jr. VIP Jr. VIP

    Joined:
    Apr 11, 2015
    Messages:
    2,984
    Likes Received:
    1,106
    Have you traded Monero before? Seems like something that can do much better in the future. Worth putting $500 and test it out, what do you think?

    In a few days or weeks of course as the crypto market is hot right now.
     
  14. crypto-trader

    crypto-trader Newbie

    Joined:
    May 4, 2017
    Messages:
    24
    Likes Received:
    40
    Gender:
    Male
    Occupation:
    Full time crypto trader
    Yes I posted a monero trade 2 days ago (xmr is monero) - I hoped it would go to $35 and scalp it a bit, but btc pumped so I closed the position. I can see Monero doing ok longer term, but I am not sure if it will perform better than other decent coins.
     
  15. Botwiz

    Botwiz Executive VIP

    Joined:
    Apr 24, 2009
    Messages:
    4,181
    Likes Received:
    2,061
    Occupation:
    Classified
    Location:
    Classified
    Best of luck with your journey and enjoy the roller coaster. Its been a wild one the past few months.
     
    • Thanks Thanks x 1
  16. saeeds255

    saeeds255 Newbie

    Joined:
    Jan 18, 2015
    Messages:
    3
    Likes Received:
    0
    That's cool
    I'm also trading cryptocurrencies for more than a year but just doing it for fun.
    We can work together as a team. Please let me know if you are interested :)
     
  17. Lankeezus

    Lankeezus Newbie

    Joined:
    Jan 5, 2017
    Messages:
    9
    Likes Received:
    1
    Gender:
    Male
    Yea I would really appreciate a intro guide if you had time, good look on your journey op
     
    • Thanks Thanks x 1
  18. crypto-trader

    crypto-trader Newbie

    Joined:
    May 4, 2017
    Messages:
    24
    Likes Received:
    40
    Gender:
    Male
    Occupation:
    Full time crypto trader
    I just bought $5K xem earlier at $0.113
     
  19. The.German

    The.German Newbie

    Joined:
    Nov 30, 2016
    Messages:
    40
    Likes Received:
    8
    Gender:
    Male
    Hello
    On what exchange?
     
  20. crypto-trader

    crypto-trader Newbie

    Joined:
    May 4, 2017
    Messages:
    24
    Likes Received:
    40
    Gender:
    Male
    Occupation:
    Full time crypto trader
    Poloniex.

    I usually use shapeshift for trades of this size but I didn't want to set up a xem wallet for it.
     
    • Thanks Thanks x 1
Thread Status:
Not open for further replies.