Quote from: Double Kills on May 17, 2015, 05:06:04 PM

Quote from: RyanPumper on May 17, 2015, 04:32:24 PM

As I mentioned above, there is clearly not a lack of money splashing around the crypto world. There is at minimum 500 BTC ($120,000) that is pumped into altcoins on a daily basis, across all the exchanges. This is 3,500 BTC ($835,000) weekly and 14,000 BTC monthly ($3,350,000).

First of all, if you call yourself an altcoin trader then you shoud write these figures down ^^ and paste them on your workstation!
This is the most information for me personally, it's what keeps me moving in the right direction in crypto

Right on bro

but the way I look at those figures is a little different

Daily volume: 500 BTC ($120,000)

This means if your trades are only "day trades" and you have no real strategy in place, then you are competing with thousands of traders over a very small $120,000: $120,000 divided between 1000 people is only $120. This is why day traders don't make much money

Weekly volume: 3,500 BTC ($835,000)

After a full week, 3,500 btc has been pushed into and then out of altcoins, this is more than $800K. $835,000 divided between 1000 people is $825. Which is instantly more money available per person

Monthly volume: 14,000 BTC ($3,350,000)

$3,350,000 divided between 1000 people is $1,350

The point being made here is that the longer you stretch a trade out for, the more money you are exposing yourself to

those people who spend only ten minutes in a trade have ZERO hopes in crypto, but everyone who uses a strategy that is more of a long-term based strategy always make the most money

and because there are only around 100 traders in crypto trading with this strategy, they are making five figure dollar amounts every month just from trading altcoins