Buy low Sell high: Altcoins March 4, 2018
This is a followup to my recent post:
https://steemit.com/bitcoin/@crypto2crypto/i-shorted-most-of-my-altcoin-holdings
Shorting these altcoins yesterday yielded great results so far:
SOLD 10,000 Nuls @ 0.000315BTC Purchase 10,000 Nuls @0.000293BTC
SOLD 3,000 ENG @ 0.000252BTC. Purchased 2000 ENG @0.00023BTC Waiting to Finish buying at 0.000223
SOLD 5,000 ARK @ 0.0003932BTC. Purchased 5000 ARK @0.000363BTC
The margins were not the largest, but i was able to hit some targets and walk away green. If i see some similar sizable dumps on these coins overnight, I may pour my profits back in and go long.
nice man thanks for the information
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not bad mr "i dont swing trade anymore"
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I had a itch, and the opportunity were staring me in the face
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I find this a very good strategy! I have tried it to do day trading and found moderate success in a short period of time!
Can we expect a market crash again? so that I could score some altcoins at a cheaper rate?
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I like it better when Alts go down due to btc rising, you get to eat twice
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I read somewhere that Altcoins will only rise properly if BTC could fly past that 17K mark!
And what I think is that market will fluctuate in between 450-500 billion market for some more time, which would be of a very good advantage to the day traders!!!
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If bitcoin rockets above 17k, the fiat value of Alts will rise, but their say value will plummet.
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Considering December 2017, when BTC reached epic height of 20K USD, if that were to happen again and taking Ripple for example, we could see a 4X gain in our investment!
P.S. I'm still new when it comes to trading. I honestly didn't understand what you meant by the rise of fiat and fall of say value , if you could clear that doubt for me, it would be of great help!
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No problem.
Sats are smallest units of bitcoin.
If Btc value goes up sats value goes up, and sense Alts valued in sats it would make the $ price go up for Alts
If Btc price goes up and sats go down , you can say the price of Alts stagnate.
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Woah!! That's what I call quality information. I had never thought about it that way ( As I mentioned, I am basically an amateur ). Once again thank you very much! Hope to see more quality content from you. 🙂
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I’m glad I can help. It makes it worth doing these post.
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@crypto2crypto Your strategy is pretty good, it would suit a day trader much more as the market fluctuates quite often! By buying low and selling high, we could really profit a lot!
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It has gotten me pretty far, I used to do it daily but I was getting serious migraines. Not hard to do if you study the patterns
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Hi, Myself a Stoner and a cryptocurrency enthusiast and I would like to share my views on your buy low sell high tactic.
I have been a long time HODLer of Ripple and had caused me quite some loss of capital and since it had hit record low of 70 cents, I started day trading and I was very much excited to make quite some profit! I think day trading is better than HODling in a crashing market! Once it stabilizes, I plan to switch back to HODLing
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Agreed. Holding I a crashing market is a just sinking with the ship. Now, not everyone is equippped to handle daytrading safely.
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good extrategia I hope everything goes well
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Solid short term gains keep it up:)
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Thanks friend. Going to get back to do it more often
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OCN is looking solid right now although it did just jump up a bit mabey wait for a dip same with bnty and DBC
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What was the low for the last 24hrs?
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its up like 20% today you should really look into BNTY tho its at like all time lows and a very solid project
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I generally avoid coins that were shilled extremely hard then dumped.
I can wait on this a little longer.
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I like that strategy!
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Thank you
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best alt coins to buy right now before price goes to the moon Huh
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I’m banking on Eos, Ren, Req,Omg And Nuls
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Wow , well you are trading like it is traded in stock market buy small stocks that has potential and gain from market as they follow others
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I like young coins that. Have potential to solve problems. I’m will to wait 6-9 months for it to happen.
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It's same like we studied about corporation had recently IPO and you go and invest
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