Been involved in the crypto market about 18 months and getting back into it this year after not doing much at the end of last year. I am trying to figure out the best straggly for building my portfolio with the aim of 20x my investments is euro terms by year end by trading, long term investments or staking
Since doing more trading in the last few months I have noticed a pattern. I seem to be able to double small investments in shit coins quickly like in a week or so and get 30-50% gains in a few days but cant compound that long term or with higher amount of cash. When I say low amount of cash I mean like 50. I have one investment of 50 and based on current estimates I should have doubled that in a few days
Now obviously if I could compound that weekly or monthly it would be amazing but cant do it. Heck even if I could double 1000 every month and remove profits it would be life changing.
My advice would be to be careful dealing with shit coins as the risk of being a bag holder is much higher than the profits you are earning right now, invest in the top ten coins in the market cap and wait for the long haul, i would invest especially in bitcoin and some fork coins of bitcoin especially bitcoin cash and SV and i will be glad to hold for the long term and i am sure that will give you the profit you are looking for rather than risking in any other shit coins.