Post
Topic
Board Speculation
Re: BECOME A MILLIONAIRE OPEN PROJECT: Turn 100$ into a true life.
by
dedcoin
on 05/02/2015, 12:30:31 UTC
Doubling money 14 times.. that's all?

Well not only you need luck, because markets are wildly unpredictable. Making a 14 correct and successive moves has very very low probability = P14, replace P by 0.5 if you are taking random decisions, or even by 0.9 if you are a genius + extremely lucky.

But that's not it.

In order to double your money you need to go full-in each time, and wait 100% increases. This might happen only few times going up from lows 100->200->400->800->1600 .. you see where I am going. And that's only true if you're a holder, otherwise you need spot the ups and downs precisely.

Your next option is leverages .. but that's even worse. Besides, you don't need bitcoin to leverage.

If you are that good at trends, just trade options, oil .. whatever, not altcoins! why? volume! try dumping 10k in litecoin/doge Smiley

Anyhow, good luck!