First of all, let me introduce myself. I am a seventeen years old Canadian and I invested everything I had into crypto 6 months ago. My investment strategy was composed of two main strategies.
Strategy #1: first you go to coincap.io and you click on %24hr button two times.
It will show you the coin that had the biggest drops in value in the last 24 hours. What you want to search for when you follow this strategy is coins with the biggest drop but also with the best rank (the number on the left of the coin's name). My personal preference is to pick only the coins that have a better rank than 50 so for example rank 50,49,48,47 etc. You can choose this depending on your risk tolerance but I feel like 50 is a good number. You can compare different coins by dividing their %change by their rank# and the coin with the highest value is the best one to invest in. Don't choose to invest in a coin just by this number, you also need to make sure that the drop isn't caused by something really important. If the drop in price can't be explained by any news or event, this is a good coin to invest in but you also need to do some research into the coin to know if you support their project and READ THE WHITE PAPER! Make sure you understand the vision of the coin and everything before putting any money into it.
My second strategy is to diversify your portfolio into two main categories. The coins that follow the price of bitcoin and the others that don't. I personally prefer to have more coins that follow Bitcoin price and this is even truer since Bitcoin got things sorted out and is at $3247. The coins I use to balance my other coins that follow Bitcoin's path are mainly master nodes coins. They tend to go up in value when bitcoin goes down.
Welcome
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thanks!
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If you want to know in which master node coin you should invest check out my article that gives all the info and stats on multiple MN coins! https://steemit.com/masternodes/@cryptoracle/masternodes-list-with-information
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A big warm Steemit welcome goes out to you @cryptoracle!
Super interesting reflection on your crypto success. Well done at such a young age and keep ascending. High Paw & Steem on! :-D
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Thanks a lot, have a nice day you and your cat!
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Thanks dude and you have a lovely day too! :-D
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Good job! Stay with it and you'll be rich by the time you're 21!
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I hope so!
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Welcome to steem :)
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thanks again :)
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Welcome to steem :)
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thanks
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Good strategy as you are always buying low and selling high...
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exactly, you got it man!
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I wish I knew about bitcoin when I was 17. I had heard of it back then when it was starting up but had a bad wrap with media so I wasn't interested.
You have bright future investing so early in your life! 😎
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Thanks a lot! I heard about Bitcoin when I was 14 or 15 but back then it seemed like a huge investment for my age at the time. I wish I did buy some at 14!
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Welcome to the Steemit platform, what everything works out for you! Success ! Great strategy.
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Thanks!
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Nice job man, my name is Jess. That wouldn't make for a half bad trading strategy. Have you ever considered trading?
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I do some trading on the side too :)
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Nice!
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I think you have an interesting strategy, would you mind to post some data about how much average did this work to you and how much you were able to rise your saving amount in how period of time ?
It will be really interesting to see how good does this work,
Congrat for your post!
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thanks, in the past 5 or 6 months I got an increase of more than 200% in my total portfolio's value and that was during Bitcoin's uncertainty over Segwit and everything.
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that's really sounds like something, I'll be following you and maybe try this strategy to see I manage to reproduce it ^^
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Upvoted. I'll be resteeming this now :)
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Wow, Thanks a lot!
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Thanks for this, great post. inspiring to see a young lad doing great things here!!! keep it up
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thanks :) , I will !
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Welcome to Steem! Hope you have an awesome time! :)
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Yes I do :)
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Hi my friend , welcome to Steemit. I do hope that you have a wonderful time on this platform, if you have any questions or if there is anything I can help you with do not hesitate to ask, I will be more than happy to help.
If you would like to stay in touch please Follow me @pastorlea
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thanks!
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Here is something I will like you to know about this platform, we all face the challenge of not been followed and upvoted as we want on steemit. Here is a solution for those of us looking for more people to follow us and enjoy our posts. If you think you are in that category of people, then you are welcome to join SteemFollower and you will be amaze of how fast you will go here. Here is the link, simply click it and follow the instructions given: https://steemfollower.com/?r=430
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Hiiii Cryptoracle nice to read about you.i am Manas from india,am also a new on steemit and welcome you to steemit.i am a big fan of your.i have followed you.so, can you also follow me and upvote me. All the best for your future.
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thanks a lot @manas1 I will check it out!
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Am new in the crypto world, this post is very informative for me.
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Nice to hear :)
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I'm curious. What amount was your initial investment amount?
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I don't really want to disclose any amount because of the potential threat caused by hackers... But what I can say is that it was money I made myself by working hard since my parents are very poor and that it is a nice amount for a 17 years old kid. :)
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Hi. welcome to steemit. please drop a note on my blog to keep in touch. thx. followed n upvoted
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thanks a lot @mountrock !
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Moi et mon copain on se tappe sur la tête de ne pas avoir écouté son ami en 2013!!! On serait "riche" aujourd'hui hahaha! Tu as bien fait, c'est un risque mais... ca peut être payant au bout du compte!
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Moi lorsque j'avais 14 ou 15 ans j'ai parler de mon projet avec un de mes amis pour que l'on s'achete ensemble un ASIC miner pour miner des bitcoins.. Il n'était pas très enthousiaste alors j'ai décider d'abandonner le projet.. La pire erreur de ma vie fût de me laisser convaincre que je ne pouvais pas faire quelque chose par quelqu'un d'autre! Une leçon apprise durement ! J'imagine que pour vous aussi ça doit être douloureux d'y repenser!
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sounds like you have your head screwed on! well done!I am 37 and still don't know anything about making money lol
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you can accomplish anything with practice!
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very good news and you are on your way to a bright future
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thank you @johnnyray !
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Welcome to steemit @crptoracle. How amazing that you earn money even your 17 years old. I know you have a future in here. I hope you enjoy and enjoy this community's platform. You can follow me @aclenx if you like.
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thanks!
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Not a bad strategy, still is not fast but seems to be good :) oh and Welcome !
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thanks! I would love to write some code that would give me the best coins by using this strategy.
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