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You'll need to pick several big winners back to back and re-invest your profits.
If first coin goes x10 then you make 10 btc
Second coin goes x5 then you make 50 btc
Third coin makes x4 then you make 200 BTC
That's risky though re-investing all your profits into one coin. Once you have 10 btc, it's better to spread your bets amongst several promising, cheap coins.
The only coin I ever made >100x return was on Litecoin because I bought it when it was a few cents. The problem is now any coin that is promising is given a high valuation immediately.
Also don't forget the bigger the amount of money you have the harder it is to make a huge gain. You can't put 50 BTC into a coin that has a 200 BTC market cap.
If first coin goes x10 then you make 10 btc
Second coin goes x5 then you make 50 btc
Third coin makes x4 then you make 200 BTC
That's risky though re-investing all your profits into one coin. Once you have 10 btc, it's better to spread your bets amongst several promising, cheap coins.
The only coin I ever made >100x return was on Litecoin because I bought it when it was a few cents. The problem is now any coin that is promising is given a high valuation immediately.
Also don't forget the bigger the amount of money you have the harder it is to make a huge gain. You can't put 50 BTC into a coin that has a 200 BTC market cap.
You're right I think about investing everything all on one coin. So far I've gone from 1 to 1.3 to 13 BTC in a few days, so I'm more than happy but dont want to lose that all on my next choice.
i might look at using just 10btc of my money on the next coin i go for, and then i have 3btc to fall back on if need be.
still looking for more suggestions for me to check out
Some recent currency： i choose litecoindark..
whatever his name is copy bitcoindark.
but
in china,someone of weibo tell us :
chinese 3th exchange will add this coin.
whatever his name is copy bitcoindark.
but
in china,someone of weibo tell us :
chinese 3th exchange will add this coin.
KMN you are an absolute star!!!
I looked into litecoindark after you mentioned it before and decided to take my next investment here and wow it certainly paid off today
picked up 1.3btc of ltcd for an average of 120 Sat over the last few days after opening a coin-swap account and sold today on bittrex for close to 13 BTC
This could turn into one heck of a Christmas
what coins should i look at next? Suggestions below welcome
Invest it in NMB, VTC, BURST. There's your Christmas bonus for you!
So, after a few suggestions I looked at yesterday, Sickfancy's suggestion of Nimbus was the one I chose, and within the space of a few hours, I turned my 1BTC into just over 1.3BTC. Thanks Sickfancy.
30% increase in a few hours is a start, still looking for more suggestions, and will do my own research on the suggestions that come on in
Invest it in [coin I own]
Quatloo is good because of the trader, new updates every week.
conditional freeware, good stuff.
QTL was another example of my "bad trading" - I bought a lot at 6k, saw the price rise to around 10k, bought some more, then watched it drop to 8k - thinking it would drop down I sold out at 7.9k and ended up breaking even, only to watch the price go up to 30k 3 days later!
The price of QTL might hit some issues with the latest update from Bittrex regarding the frequency of which Bots can trade through the API though.
1BTC to 250BTC needs some very well chosen coins, at the right time. Who wants to play?
I'm always one for a challenge, and proving that I'm not too good at trading myself, I want to come to you, the community, to see if we can turn 1BTC into 250BTC by Christmas 2014.
I know that sounds like a hell of a challenge, however I personally seem to have been in the right place, just selling at the wrong time
(Blackcoin, Cannabiscoin, Guldencoin, Boolberry for just a few examples.)
I'm willing to put up 1 BTC for this, which I prefer to trade on Bittrex / Cryptsy / Mintpal.
So, what I'm looking for are well reasoned suggestions where to invest my 1 BTC.
If I do well from this, then I'm happy to share some of the wealth with whoever I believe has offered the best advice.
If it all goes wrong, then I'll look at it as another learning experience.
Clearly this is a high risk gamble, but hey, who knows how well this could go!
So come on, let's hear your suggestions, and see where we can grow this experiment to!
I know that sounds like a hell of a challenge, however I personally seem to have been in the right place, just selling at the wrong time
(Blackcoin, Cannabiscoin, Guldencoin, Boolberry for just a few examples.)
I'm willing to put up 1 BTC for this, which I prefer to trade on Bittrex / Cryptsy / Mintpal.
So, what I'm looking for are well reasoned suggestions where to invest my 1 BTC.
If I do well from this, then I'm happy to share some of the wealth with whoever I believe has offered the best advice.
If it all goes wrong, then I'll look at it as another learning experience.
Clearly this is a high risk gamble, but hey, who knows how well this could go!
So come on, let's hear your suggestions, and see where we can grow this experiment to!