Buy low Sell high: Altcoins March 4, 2018
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
not bad mr "i dont swing trade anymore"
I had a itch, and the opportunity were staring me in the face
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?
I like it better when Alts go down due to btc rising, you get to eat twice
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!!!
If bitcoin rockets above 17k, the fiat value of Alts will rise, but their say value will plummet.
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!
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.
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. 🙂
I’m glad I can help. It makes it worth doing these post.
@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!
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
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
Agreed. Holding I a crashing market is a just sinking with the ship. Now, not everyone is equippped to handle daytrading safely.
good extrategia I hope everything goes well
Solid short term gains keep it up:)
Thanks friend. Going to get back to do it more often
OCN is looking solid right now although it did just jump up a bit mabey wait for a dip same with bnty and DBC
What was the low for the last 24hrs?
its up like 20% today you should really look into BNTY tho its at like all time lows and a very solid project
I generally avoid coins that were shilled extremely hard then dumped.
I can wait on this a little longer.
I like that strategy!
Thank you
best alt coins to buy right now before price goes to the moon Huh
I’m banking on Eos, Ren, Req,Omg And Nuls
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
I like young coins that. Have potential to solve problems. I’m will to wait 6-9 months for it to happen.
It's same like we studied about corporation had recently IPO and you go and invest