Date: January 6th, 2018 1:53 AM Author: Unholy Fantasy-prone Rigpig Hall
I almost always flip coins after they 2x. If you think about it, you can become a crypto millionaire in nine steps (assuming you don't sellcuck at 63% or back a shitcoin at any point). In this bullish market, it is indubitably easier to find nine coins that can 2x than wait for the fabled 50,000% moon of a single coin or any other combination in between. In fact, I would venture so far as to say that by following this strategy, I have provided myself much peace of mind. I am 6/6 with my coin choices and halfway there to becoming a millionaire at $128,000.
Date: January 6th, 2018 2:17 AM Author: Unholy Fantasy-prone Rigpig Hall
$2,000 —> $4,000 (ETH)
$4,000 —> $8,000 (LTC)
$8,000 —> $16,000 (ETH)
$16,000 —> $32,000 (EOS)
$32,000 —> $64,000 (REQ)
$64,000 —> $128,000 (ICX)
I’m bucking tradition by holding on to ICX despite a 2x as I believe mainnet‘s release could easily 4x my initial investment, at which point I’ll then use to go all in on Zilliqa.
Date: January 6th, 2018 2:38 AM Author: swashbuckling sanctuary
this makes sense when youre just starting out with a smaller stack but it is pretty reckless to go all in one coin (most of the time) when youre playing with 6 figures. why not spread it between three-four shitcoins with potential from here on?
Date: January 6th, 2018 9:39 AM Author: glittery blue crackhouse
I disagree pretty strongly. You’re betting on fake internet money on highly manipulated low rent exchanges. All this fucking shit is reckless for the same reasons. You’re still exposed to the same systemic risks regardless of whether you go all in or spread yourself between alts. I’ve been richly rewarded for trusting my spidey senses for undervalued and putting all my chips on each bet. Note that I’m flirting with $1m after starting out with 25k.
I don’t believe in a hard fast 2x exit though. I typically try to identify an exit point specific to the coin’s relative valuation and general sentiment - you can walk away from alot of fucking money if your limit is 2x.