Quote from: Fatanut on April 13, 2017, 05:13:31 PM

Quote from: g83 on April 12, 2017, 10:27:13 PM

Quote from: originalsloth on April 12, 2017, 09:55:48 PM

Ive had some success with a venture capitalist approach. I buy up all the new altcoins that come out for really cheap. most of them dont end up going anywhere but the few that do make enough money to cover my losses plus gain me a couple bitcoins in the wallet. go out there and try new things. only you can decide the best strategy for you

Yes its good to buy multiple coins when the price is really cheap and even if not all but some coins performs well then it will give you good profits and it will also recover your loss of investing in those coins which didn't perform well.

Investing in multiple coins only lead to loss most of the time. Let's say that you got a coin that pumped up, the profit that you'll get from it will only recover your loss from the other coin investments. It's not profit at all. You'd be wasting your time if you continue to do this method. The only way that you'll get profit from this is when the majority of the coins that you bought has pumped up. And based on how you choose your coin (you said when the price is really cheap), I really think that you'll lose money.

Cheap coin doesn't guarantee profit. Most cheap coins have already been dumped by investors or the developers have already left. It's rare to see something that is booming in the market but has a cheap price.

The more coins you have invested in, the higher chances there are for one of your investments to boom in the near future.

This all depends on the amount of money you want to invest for each coin. If you got $1 you cannot go for $0.01 per coin, because it would be worth no more than $5 (in the happiest scenario) months later. I'd rather go for $100/coin and have just 10 investments or $500 for two coins than spending almost nothing on one.

Except this, keep in mind that most dumped Altcoins, after they're pumped, require a very quick reaction time for the profit to be seen. What I'm talking about is.. for example, a coin that gets pumped will likely NOT survive that price for too long. You have to react very fast when that happens..