Originally Posted by kttxz06
Yea, over time, I see this getting regulated, which means a less volatile market, meaning less gains over time. I'm trying to strike while it's hot.
I'm the complete opposite of you. I'm not a long term holder. I like Bitcoin for the fact that you can count on it dipping $500-$1000 in a day, then placing a buy order. Then, place a sale order at say $500 above your buy order. You don't make a killing, but that's a 5% gain. So, if you dump $100k on Bitcoin at let's say $11,000 and it goes up to $11,750 the same day, which it does all the time, you made $7k within a day. Sometimes within minutes. But I agree, it's a game. You are going to lose. haha. But, you have to bet big to win big. I'm still just playing around with $5k to $10k at a time and testing my skills. Today, I'm literally not even doing anything as every coin is down for the most part. Plus, I have my buy orders in on Bitcoin and Eth, so until those hit my buy order, my $ is tied up. Then, once they hit my sale order, I'll look at other coins that are pumping at that time. Cash out my profits, then move my $ to the coins that are moving. The hardest part is being satisfied. That is how I lost about $10k last week. haha. I wasn't satisfied. But, I've learned to just take profit and cash it out. Be happy with it. Even if it's $300 in a day.
This week has been like this. I cashed out $1800 on Monday. Bought more Litecoin and Eth on the down. Waiting for those funds to hit. Lost $10k on the crash. Made $500 on Fri and I'm up like $300 today. So, in a week, I'm down basically 8k. But, I bought a ton of Eth and Litecoin on the crash, so once that hits, I'm already gonna be up a good 20%, so I'll cash out my 20% gains, and keep my original investment in my account to day flip.
Eth is killing me. It's now under $1000. I bought at $1075 yesterday, have a sale order in at $1200, but I agree. Eth to me is going to be the big mover this year. Same with Bitcoin, I bought yesterday at $12,600 thinking it was going to push over $13k. Only to see it drop to $11,175.00 now. I have a sale order in at $13,000 so. I'm just waiting now. XRP to me is a super long term hold. I like Tron when it's moving as you can make a good 2-3% on any given day. Now, it's not even moving .5% daily.
I missed Verge last night. It went from .11 to .15 within a pump of about 1 hour. I missed it. Could of gone big.
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