Howdy - from a fellow shitcoin whisperer
I'd like to share some strategies for this space that have been turning nice profits to many people I've met.
In hopes, some of you too will share your own or give insight to some that may or may not have worked for you.
Everyone has a strategy that works for them, dependent on their timeframe and overall outlook of the space:
- Accumulate Cross Chain/Atomic Swap Supporting Coins
- Accumulating coins such as LTC, VTC, and others that will have more utility in the future
- ICO flipping
- Buying into ICOs just to turn a quick profit flipping on exchanges (or if you believe in the project, holding for long term)
- Shitcoin Betting
- How many have tried this? Going on trex and buying .1 - .5 BTC of +40 bottomed out small cap shitcoins and setting sells at 150% - 2x, no stops? I have friends that average $2-3k a week with this gamble
- Day-trading a certain token to increase long term hodlings
- Got to stack more BTC
Swing Trading - what most people in this space TRY to do
Hodling - what most people in this space SHOULD do
Loaning BTC - passive income on that coin
What really sparked interest in this, for me, is talking to a very well crypto-versed friend who has stated he now measures his wealth in BTC/ETH/LTC. Sometimes I forget to look at the 3-4 year picture of the space. If a big reason you invested in crypto in the first place is the idea of a paradigm shift from an existing flawed financial system, then it doesn't make sense to return to the system in a few years with your 'crypto-profit'. If your looking to stack as much fiat via crypto, well that's different.
Anyway, open source here, feel free to add / criticize.
Moon or Doom