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Investing in cryptocurrencies for short term.Any Advice for me?

Discussion in 'CryptoCurrency' started by kevin williams, Apr 16, 2017.

  1. kevin williams

    kevin williams Registered Member

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    How to know which cryptocurrencies will make bank? what to research when investing in a new cryptocurrency?Threads here are all old..
    Help Appreciated :)
     
  2. Asif WILSON Khan

    Asif WILSON Khan Executive VIP Jr. VIP

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  3. Zwielicht

    Zwielicht Moderator Staff Member Moderator Jr. VIP

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  4. AneaKr

    AneaKr Jr. VIP Jr. VIP

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    The best thing to remember when researching crypto is that you cannot know which ones will go spike or which ones die out.

    Other than BTC, it's speculation rather than investment. As @Asif WILSON Khan said, buy low and sell high. My cycle with alt coins usually lasts 2-3 days. They're very volatile.
     
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  5. Percid

    Percid Newbie

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    Don't risk what you can't lose. It's said all the time but it's true. The markets are crazy.
     
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  6. bartosimpsonio

    bartosimpsonio Jr. VIP Jr. VIP Premium Member

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    Look for pump and dump groups. That's how they're making $. Most altcoins are pyramid schemes. Most of 'em. Keep that in mind.

    There's zero regulation. If you're caught on the wrong side of a pump and dump, you're gonna lose money.
     
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  7. rejoin14

    rejoin14 Regular Member

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    Alt coin is really like gambling but if you do some research you can get some knowledge about the coin, the devs and their visions and change the 50/50 to a 60/40 for example. Of course its still not save but there are some nice projects. For example Stratis is a "newer" alt coin first C# blockchain with a very good dev team. They reach different milestones really fast. The price is in my opinion still a little bit low.

    -Read whitepaper
    -Check bitcointalk thread
    -Check devs
    -Check roadmap
    -Think about the project could it be successfull

    I invested in Stratis because I like the C# idea and it's more for businesses. I also like the breeze wallet and there is a lot marketing in the last few weeks.

    Tomorrow for example is a Q&A and they announced also masternodes. The price will likely raise in the future because you need 250k stratis to create a Masternode.

    The good thing is if you buy for example at 0,50$ and the coin drops to 0,40$ just hold them and wait some time. There are some examples that a coin will recover or get a pump and you can make some profits even after a year.

    Of couse just use the money you can afford. (I would rather invest in alt coin than going in a casino and play roulette)
     
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  8. hippo123

    hippo123 Jr. VIP Jr. VIP

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    Go the casino and gamble.
     
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  9. AneaKr

    AneaKr Jr. VIP Jr. VIP

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    I agree. I think that perhaps 10% of altcoins are like Stratis: a genuine technological value which will show future results (Golem & Ethereum also seem like this). But the other 90% seem to be pump & dump schemes created on the back of other blockchain tech...nothing unique or special about them.

    I just take advantage of them when I see others trying to pump. But never put more than I'm willing to lose. It is a gamble.
     
  10. JV1999

    JV1999 Jr. VIP Jr. VIP

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    I would invest in DGB right now.

    It's at 0.00000089, was 0.00000080 earlier.

    The thing is, DGB is about to go SegWit activation in less than 10 hours.

    It's probably going to double in price or more. But it could also not. Price probably won't go down too much if it doesn't go up, so it seems like a safe investment.

    I bought some DGB because I'm using it as a test run for LTC's segwit activation. If DGB goes south, then I know to sell my LTC.

    But yeah DGB feels like a free win today.
     
  11. AneaKr

    AneaKr Jr. VIP Jr. VIP

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    That's actually a great strategy. I've been holding quite a bit of LTC waiting to see what happens, so maybe looking at the DGB pattern will be a good practice run for when Litecoin hits SegWit.

    Thanks for this idea...one of the few solid ideas I've seen in the weird, weird space of online cryptocurrency discussion. :)
     
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  12. JV1999

    JV1999 Jr. VIP Jr. VIP

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    Yeaaaaaaah.

    So I didn't like what happened with DGB. It didn't change after segwit activation...

    So I sold all my LTC for profit today since LTC went up past what I bought it for.

    LTC may go up after Lightning Network + Coinbase. But imho, it's a long-term thing that might take until June. Meanwhile, there are other hot things happening. I'm going to delve into those first.

    I'll return to LTC probably at the tail end of segwit activation. Glad the segwit status has a countdown :p countdown to REINVESTMENT :D
     
  13. AneaKr

    AneaKr Jr. VIP Jr. VIP

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    Yep, I actually bought a few dollars worth of DGB yesterday and saw that it did...nothing.

    Part of me wonders if it's a difference of marketing. I think I'm going to keep my LTC until Coinbase adopts it. I bought most of mine at $11 and it's at $15 now, so I won't lose anything in the meantime and it serves well as a hedge for BTC.

    What other hot things do you see happening? I've had my eye on Golem and PotCoin for a while.
     
  14. JV1999

    JV1999 Jr. VIP Jr. VIP

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    ETC, ETH because of the smart contracts. I'm very sure ETC will be like $10 by the end of the summer. But there could be a hardfork that could f that all up. Idk. But ETC's price is too low imho. It might end up like ETH and it $40... but that's super long term.

    I'm not too well-researched on every crypto.

    I see that XRP came back to life.... I hear from some people that there's something going on that's making it go up. Other people say it's just a classic pump and dump. I'm watching it for now. Imho, it's too late to go in unless you bought at 25 when it was stagnant. It reached 44, not sure if it will go that high again. I think it's too risky to risk.
     
  15. ehan15

    ehan15 Newbie

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    crypto currency market r fire now , but this is the most leading currency 2015 it was 530/1BTC and 2017 it is 1448$
    so you think to shortime business that you think,, yahh its lill bit profitable i guess but about the current situation about this market
    you will procced to forward wisely
    i wish you will be successful soon
    thanks
     
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  16. MarilynMonero

    MarilynMonero Newbie

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    At the moment you can do much profit by splitting 1000$ to 1/10 at eacht coin of the top 10 at coinmarketcap. My very legit method...

    But you've to wait till thursday evening I guess, around that time every crypto in the top 10 gonna have some 'dollar green' numbers.

    Yes, just say thanks.
     
  17. AneaKr

    AneaKr Jr. VIP Jr. VIP

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    Can you expound on that? I've seen pretty defined cycles on a daily basis (when the US wakes up, when China wakes up etc) but less on a weekly basis.
     
  18. s7ryker

    s7ryker Junior Member

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    You could buy Worldcoin because the block reward decrease over time. You will make profit but not on short term.
    [​IMG]
     
  19. MarilynMonero

    MarilynMonero Newbie

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    Yes - there were lots of inidcators, that courses gonna rise.

    I give a damn shit about cycles. Because what happens if you rely on basic (day/night) rules? Yes you can test each rule by lots of statistical approaches and butter them with a trading bot on a little "test-set" of any cryptocoin. Then scale it up on the "real set" of any cryptocoin. You gonna make steady profits. To be honest, I wanna make short, mid and longterm profits. This thread was explicit for short term profits.

    By the way, actually I bought right on time (method mentioned in post #16) thursday morning (timezone europe - privacy ehhhh) and actually sold nearly all coins from coinmarketcap top 10. In 1000 $ out 2500 $. Keep in mind this was just 1000 $ for short term. Actually I hold of course coins for mid and longterm but all of these "investgoals" got an own depot.
     
  20. JV1999

    JV1999 Jr. VIP Jr. VIP

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    I just sold my DGB for 117. but it's going up to 130 and more. some ppl on trollbox say it's going to be 200. I guess I should've held on, but I mean :p it was kinda scary cuz after segwit, dgb fell to 60 and I honestly just considered it a loss.

    But since I forgot about it and didn't care about it. now my $150 is $234.

    If the same thing happens to litecoin, I guess all I need to do is buy it then wait stoically for 2 weeks for it to double :D

    <INSERT Harmony by Erasure>