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/biz/ - Business & Finance

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14312500 No.14312500 [Reply] [Original]

>buy a bunch of altcoin for pennies on the dollar
>price doubles after a few months
>sell it all
>double your money
>repeat exponentially
why don't you guys just do this. it's pure math

>> No.14312520

>>14312500
fuck off retard

>> No.14312523

>get one coin wrong
>now broke

>> No.14312538
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14312538

Never change, /biz/

>> No.14312552

>>14312500
>pennies on the dollar

This phrase is so retarded

And, yes, that's what I do. And yes, it works - but ideally get 5x+ from each flip, not just a doubling.

t. bought 0.5 BTC last July and now have 45.

>> No.14312578

>>14312500
Please liquidate your entire net worth and invest it all in crypto using that strategy, see what fucking happens.

>> No.14312636

or you could have bought bitcoin and leverage traded it and be up 19,000% since february, enjoying nice stable returns while not having to wait for some stupid alt coins number to be picked out of the shitcoin roullete

>> No.14312793
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14312793

>>14312500
>>price doubles after a few months

>> No.14312854

>>14312636
Brainlet here, what if I use lets say 5x leverage and get rekt. What will happen if I dont have that kind of money? I will be in debt?

>> No.14312936

>>14312854
You just lose what you put in. More leverage means the quicker you'll be liquidated when you're wrong.