Quote from: DeathAngel on January 01, 2025, 10:46:04 AM

Quote from: Squaremile777 on December 15, 2024, 03:39:33 PM

So is that logic works ?
You buy any coin under 1$ like price 0.00003$ and you wait just when it's 1$ you sell cash out profits and move on next cheap coins and invest and sell again.
The problem is i been doing that many coins we been told that If we buy cheap then we sell higher price but it don't work i been buying and waiting price just not going up ?
So is that method works anymore ? Why we don't see that coins not going higher ? Usually how long we should wait ?

You’re trying to buy a winning lottery ticket. What you are doing is risky & has a low winning ratio. It’s far better to buy Bitcoin, Ethereum, Solana or any other top 200 coin & continue to DCA. It’s not as exciting & might not make you 1,000,000 x gains but you are far more likely to make good profits this way than looking for the golden egg.

This is sound advice. i started investing in crypto in 2017 to 2018 and back then bought BTC, Ethereum Stellar Lumens, Monero that were leading coins back then and remain leading coins today in 2024. I also bought some unknown coins priced at fractions of a penny such as LiteDoge, Xtrabytes, Digibyte, etc that all went to zero or near zero. If you want to gamble with a small cap coin priced at less than 1 cent like Shiba Inu go ahead just size it small because the vast majority of small meme coins go to zero because they have no use case and no adoption by the crypto community.

Also many traders use technical analysis techniques from the worlds of stocks and FX. Thats fine but if the coin is a pump and dump scam technical analysis will not save you from losses as the coin bleeds or just crashes to lower lows taking you down with it. There is no substitute for getting into the weeds and understanding the coin's technology, team, financial resources (if any) and whether it offers something unique

CoinCollector006

Posts

Merits