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/biz/ - Business & Finance

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7103269 No.7103269 [Reply] [Original]

>invest $800 in an early promising coin
>wait until the coin 2x to become $1600
>re-invest $1600 in another promising coin until it goes 2x and becomes $3200
>lather, rinse, repeat until I have at least $400K

Is this my only chance to make it as a poorfag?
How likely is this to work after a few months/years?

>> No.7103326

its easier to find one coin that goes x10 then 3 coins going 2x

>> No.7103336

>>7103269
All coins drop and rise at the same time except foir extremely low market cap coins. You might as well pick a few good coin to hold from the top 200 mc and wait.

>> No.7103377
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7103377

>>7103269
>have a job
>invest $800 each month
>only invest in decent projects that have real world use, about ~5 coins like that right now
> hold, keep investing
>2 years later congrats you now are a millionaire
>say goodbye to your boss
>never work ever again

>> No.7103379

Sounds easy until
>woops! the coin i invested in is an exit scam
Or
>woops! bitcoin just shat the bed now i'm down 50% from my initial investment and i'm forced to sell at a loss

>> No.7103422

>>7103326
Basically this.

Put $100 in 8 shitcoins (<1 mill mc). 1 or 2 of them will probably 10-100x. Rest will dribble, drop, or vanish.

>> No.7103428

>>7103379
you're not forced to sell at a loss unless you day trade exclusively.

>> No.7103469

tried that. At 350k$ I got stuck in a coin which doesn't seem to double. fml. Probably will never reach 400k$

>> No.7103524

>invest everything in ETH
>ETH will rule the world
>will surpass BTC this year
>everything on Blockchain will be ETH

Seriously like 99% of tokens are Ethereum-based. ETH sustains cryptocurrency and will continue to do so. It only gets better.

>> No.7103533

>>7103422
But that's the problem, if one out of 8 coins goes 10x and the others vanish, you end up with 10/8 = 125% of your initial investment.
Not the moon mission you asked for, right?

>> No.7103798

>>7103469
>tried that. At 350k$
Are you serious?
If I lulled at $350K from an initial $800 investment I would have cashed the fuck out
What was your exact initial amount and how long did it take you to get to 350K

>> No.7104064

You're a fool for asking advice here.

Every coin is a SHITCOIN according to the children of /biz

>> No.7104617

>>7103269
It works, but once you go over 10 btc your movements might start to influence the market. For your strategy to keep working you will have to start to diversify at some point.