>monitor altcoin prices
>wait until one spikes by 2% in a minute
>buy it
>sell it later when it rises 20%
what's wrong with this idea?
>>2936775
>it only rises 10%
>then it drops 38%
you don't know when/if it will go back
the capital required to make a sizable profit might not be an amount you're willing to part with
>>2936775
It's not as easy as it looks.
you have no idea when a pump gets dumped, if it keeps going you wish you held if it ends pre maturely you wish you sold
>>2936775
>>2936895
>>2936944
Mine's better.
>>2936795
>make 1% BTC gains by trading shotcoins every day
>in a year you triple your starting capital not accounting for increases in BTC/FIAT
>>2936775
Seems like a decent strategy. Cut out the very low volume coins though since they might rise when only one person does a big purchase and won;t increase any further. I would also sell again at 10 to 15% in the start of this strategy.
But how are you going to keep track of the coins that spike 2% in a minute? Got a good tool for it? Can it be done with Coinigy or something?
>>2936926
>>2936926
This works if you're willing to wait a few days for gains instead of make immediate gains, and stick to volatile but dependable coins, which is to say, Bitcoin and ETH only. If either of those drop a couple of percent, buy at the dip: they'll be back. It may be in hours, days, or sometimes weeks. But so far they're a very safe bet to always recoup any fall.