Finding myself once again ( like most of you out there ) losing money with Alts.
Could there be any way to make money on this down trending market?
How about ultra-low liquidity Alts? Hear me out. These are tokens normally ranked
outside of the top 5000, not necessarily Memes, just small projects that have taken
a beating much worse than most. So the one I'm looking at has a trading volume of
around $100, yesterday it was under $1, so this is as low liquidity as you'll find in crypto.
Market Cap is not even listed on Coin Gecko, but it's a safe bet it's really low, as this token
isn't even ranked. So how could me, or anyone make money with this? Well, I've been
tracking it's price action and it goes up and down like a slow moving Yo-Yo, although at times
it stays flat. The thing is, it doesn't go up 10% or 20% like most volatile tokens, this one goes
up $1000 % or even !800% on any given day. You can probably guess that is short lived as it
comes right back down, sometimes, within hours of going up. Over the long run, price movement
is bearish, but you could say that of any other top 100 token these days, so what difference does it make?
Well, the idea here is to "get in, get your 10X, then get out" . Seems simple enough? The catch is
it's only listed in two exchanges, although one of them has a good reputation, and has been around for many years.
Worth a try?