Instead of telling you the next 10x or 100x potential coin, if you follow this strategy you can steadily make your first $100,000k trading Crypto...
So what I did was I looked into a few coins that I though had good fundamentals... in other words coins that are not shit coins but coins that are quite steady and have a good community, that have a unique project or some other potential.
For example steem is an example of a good coin with potential and has a good community, Monero which is an anonymous coin has its demands for its own reasons, dash which is digital cash focusing on ecommerce.
Coins such as these are steady, I simply wait for bloodbath days where Bitcoin and or ether are getting hammered, as a result 90% + of altcoin prices are effected. And because you've seen a few bloodbath before as there is one every week to 10 days you have been watching the market closely veryday you have a good idea of the prices.
I'm not looking for 10x or 100x just a 25% to 40% gain. So for example monera eventually always comes back to around $50 mark in my experience so if it drops to $40 or below which does happen due to a bloodbath day I would buy this coin. So for example if it dropped to $40 I would buy and expect to make a 25% gain when it goes back to $50 where I would sell, this can take around a week.
Once I sell I would transfer Bitcoin back into fiat and hold until the next bloodbath, and I would rinse and repeat...
What this does it it compounds your balance with your profits, for example lets say you started with $1,000 and look to gain 25% profit on each trade and keep compounding your profits along with the FULL balance,
The first trade of $1,000 at 25% profit you'd make £250 and then...
Trade 1 $250.00 $1,250.00
Trade 2 $562.50 $1,562.50
Trade 3 $953.13 $1,953.13
Trade 4 $1,441.41 $2,441.41
Trade 5 $2,051.76 $3,051.76
Trade 6 $2,814.70 $3,814.70
Trade 7 $3,768.37 $4,768.37
Trade 8 $4,960.46 $5,960.46
Trade 9 $6,450.58 $7,450.58
Trade 10 $8,313.23 $9,313.23
Trade 11 $10,641.53 $11,641.53
Trade 12 $13,551.92 $14,551.92
Trade 13 $17,189.89 $18,189.89
Trade 14 $21,737.37 $22,737.37
Trade 15 $27,421.71 $28,421.71
Trade 16 $34,527.14 $35,527.14
Trade 17 $43,408.92 $44,408.92
Trade 18 $54,511.15 $55,511.15
Trade 19 $68,388.94 $69,388.94
Trade 20 $85,736.17 $86,736.17
Trade 21 $107,420.22 $108,420.22
21 Trades to 100k not bad right... but lets see what happens when we keep compounding at 25% profit
Trade 22 $134,525.27 $135,525.27
Trade 23 $168,406.59 $169,406.59
Trade 24 $210,758.24 $211,758.24
Trade 25 $263,697.80 $264,697.80
Trade 26 $329,872.25 $330,872.25
Trade 27 $412,590.31 $413,590.31
Trade 28 $515,987.88 $516,987.88
Trade 29 $645,234.85 $646,234.85
Trade 30 $806,793.57 $807,793.57
Trade 31 $1,008,741.96 $1,009,741.96
This is the power of compounding, Einstein was even excited by it.
So take this strategy and apply it for yourself, its worked and still is working for me so hopefully it should work for you.
The key is patience waiting for those bloodbath days where everyone is fearful and selling like crazy this is where your next opportunity is.
Give me a like if you liked this post and leave a comment if you want me to write more about my crypto trading... Until next time
Welcome! Keep em' coming!
Look at you... Second post, and you're already at the top of the hot section in cryptotrading. You may need to start giving out advice on posting on steemit.
Thanks :-)
Sounds good