Re: Buy 5 coins and wait till each of them grows 10%, then sell
This "strategy" of yours will completely depend on if you can actually pick the right coins to buy; which is like 90% of the challenge. It might sound easy on the surface, but it's definitely going to be a lot harder than it seems.
If it went down, I still wait until it will go back up +10%. It's ok if it will take weeks.
Waiting weeks won't even be your problem as a lot of existing coins don't even go back up in price after crashing.Moreover, its even hard to hold them when they are crashing. Most of the people are victim of FOMO and they think this is the point below which they can't hold up the loss and they panic sell. If it would have been that much easy then this market will be much stronger than the current one. What I mean is, if everyone was capable of holding the position then market would have flooded with lot of capitalisation making them very stable. However, that's exactly opposite to what we see these days and hence open market -> more volatility. Reaching to 10% change could take lot of time, sometimes it may even drop harder to overcome your break even point and then back to 10% profit. So do it wisely man
