Alooha!
This is really superduper easy and I'm doing this very successfull since 2014. The facts:
- Investement
- 2014: 1750 Euros
- Revenue (till 17th of Sept 2017)
- 2017: 279000 Euros
My first investment was in 2014 and I couldn't even imagine what power was behind my simple idea of "multi-dip-split" thats how I called my "altcoin money printing machine." And yes - its even scalable :)
OK GUYS CALM DOWN - I feel it in my veins you really want to know it "what is this guy talking about?!" - but step by step.
1. Don't risk money you can't afford to lose: This rule is soooo eazy, BUT a lot of people do fail here. Its essential for this method. You can start with even 1 $ but its getting hard, so I would recommend something between 1000 - 2000 $. If you have to pay high bills and cant save some money, close the browser now and get a second / third job. Yeah, there was a time where I had 3 jobs... not funny.
2.Start opening your favourite altcoinmonitor like coinmarketcap/blockchainstat. We're just using the top rated coins (rank 1-10), except bitcoins. Coinmarketcap/blockchainstat is your swiss knife ;)
3. The "multi-split-dip" explained with child words: We just buy the coins when they are going to be "cheap". Buy low, sell high.
4. The "multi-split-dip" explained with nerd words: We should watch very careful to buy altcoins, when more than half of the marketcap of altcoins (9 Altcoins / 2 = 4.5 -> 5) 5/9 is going to be negative. Its important that the trend is negative for at least 7d AND 24 h AND 1 h. Here it starts: When the trend is changing, so this means the 1 h change is going to be positive for at least 24 h then the 24 h change starts to be positive. WE start buying when the 24 h change is positive AND the 1 h change is positive for at least 3 times. After that there are some situations:
4.1 The 4th time 1 h change is negative, bad, but not really, because the uptrend is stronger in ~90 % so just hold. If you are afraid of loosing money, then sell at the 4th time 1 h negative trend and you just made a minimal loss. But imagine reentering the "wave" is time-consuming, this means get the right entry point.
4.2 The 4th time 1 h change is positive, good, just check if your trading fee is smaller than your revenue and you, made your first bucks!
4.3 The 4th time 1 h change is just "side-step", be patient and read 4.1 again.
5. So the multi-dip means we're buying the most profitable coins (according to marketcap) at the cheapest price for 7d AND 24 h AND 1 h trend. The split meant the split of risk to the different altcoins.
6. Thats it, trust me, it works since 2k14. You get rich, but not that fast, BUT RICH! ;-)
If you have any questions, please feel free guys :)
wyze