I have taken some of my profits from recent trading and diversified among as many crypto coins as I could.
Last week I put 1.0 btc into the top 10 coins on polo.
I put 0.1 btc into the top 40 coins on polo.
And today I'm putting 0.01 btc into the top 50 coins on bittrex I do not already own.
On polo I have made at least 0.5 btc each day in profit that I redistribute or put into top 5 coins on polo.
Comments
happmaoo
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you put 1 btc on polo and get 0.5 btc per day ?
UnknownUnicorn357720
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@happmaoo, no. you have to add up all the coins i put 1 btc into. i have roughly 16 btc spread out to almost every crypto on polo
nathansonic
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Couple of questions:
top coins by volume? market cap?
"0.5btc profit" on how large an account? ie. What's your daily % increase? (I understand if you don't want to answer this q)
Thanks in advance.
UnknownUnicorn357720
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@nathansonic, Top coins by volume. Every coin with over 5 btc volume on polo. And every coin on bittrex with over 2 btc volume.
This total spread I did on these 2 accounts is about 16 btc right now.
I made about 5 btc i would say off of my 1.0 btc coins.
The 0.1 btc coins are doing great, but i think im going to ease up on the profit taking since i now have all the coins i want.
I'll probably let them go to 5x before i take back my 0.1.
Or I'll probably only take profit if they make a huge rise for a week or 2.
I don't want to sell early for .2 btc profit when these could go 10x from speculation.
nathansonic
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@brandonj, This is great, thanks.
It's something I've thought about lots but not had the guts to try.
Do you have stop-loss on anything? Or just let it go down if it does?
UnknownUnicorn357720
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@nathansonic, no stop loss. I think you should do it, and remember that you can use any $ amount that you want. That's the beautiful thing about crypto.
You can do $0.01 per crypto if you want. Risk a penny to make 10 cents or a dollar?
Just a few hours ago my Crown coins went up 400% so i sold 0.03 btc and put that into all the coins that dropped below 0.01. I'm up 0.15 btc on my entire account on bittrex since I posted this first chart. That's 30% up.
Yeah the crypto market is a funny thing. I've been trying to trade classically, with only very small success. Very small.
The huge bitcoin market cap vs alts thing really makes it hard.
Anyway, thanks for the tips. I'm going to test it out.
UnknownUnicorn357720
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@nathansonic, I think they are all more likely to make some huge speculative ATH vs bitcoin within a year or two. Some will go to 0, but some will go much higher.