/biz/ - Business & Finance

>>14942391
>Which coin do you invest in when BTC starts dropping?
Fiat.

>Does any coin bounce up when BTC drops?
Only if whales decide to pump such. When their sell orders get filled, it dumps too.

More BTC

Profit off low-cap coins no matter what direction BTC is going. Scalping SENT has had the most consistent and profitable setups.

>>14942503
Can you explain what "scalping" is? I'm really new to investing and I made some money when BTC was at like 7k and went to 10k. Sold after that. Ever since then I've been interested

>>14942528
biz is not about "investing" its about degenerate gambling and larping about profits

>>14942528
Scalping is taking trades back and forth with the goal of consistent small profits in a trend channel.

Take a look at the SENT / BTC chart posted above. It has 20-50% moves every couple days, sometimes as quickly as in a few hours. It is very consistent. I wait for a pullback, buy at the bottom of the trend channel, and look for a quick rise to sell into strength. Then rinse and repeat.

Practice good risk/reward ratio along with proper stack management. Look for a 2:1 r/r ratio. Follow the trend up or down.

>>14942560
Read some trading books, practice your technicals non-stop, and pull yourself out of the gutter faggot. Just because you can't wrap your brain around risk management and trade setups doesn't mean it doesn't exist.

>>14942662
Low I.Q. botfag here. Isn't scalping rather taking advantage of the spread regardless of the timeframe and your explanation applies more to Swing trading? Here to learn.

>>14942707
Technically this is short-term swing trading. Scalping would be even smaller %'s, at a quicker turnaround. I do both on SENT, but my biggest gains are on the 2-3 day swings.

>>14942391
When BTC goes down, more BTC. When BTC goes up, gold.