[Guide]How to grind low cryptocurrencies with small cash

in #bitcoin7 years ago

So, you want to invest in cryptocurrencies but you don't have money to buy Bitcoin? Ok, you can start with just $100 and invest in fast changing currencies with low volume. To do that you need some not big coin market but enough big to bring 500k$ in volume.

Personaly I am using CoinExchange.io, deposit is very simple, just transfer cash with your bitcoin wallet into stock exchange wallet. As you can see, prices are very change able, they are jumping even few thousands %/day maximum. Average is xx% jumps/day. So how to make money with this? Very simple, buy cheap and sell with higher price. However I cannot suggest you to buy for bigger cash. You can start with $100 and increase your bankroll but you need to escape from currency if things are going bad.

Few currencies allowed me to make 300% in one day but rule is one, do not invest 100% earnings in your next currency. You can lost everything. You may say it's a gambling but for this stock, there is a simple way to enlarge your chances. Big fishes are using youtube to make hype for currency.

  1. Copy name of currency to youtube
  2. Check if there is buzz from accounts like this:


yes, it's big fish hyping and generating buzz
another buzz account:

  1. They have made whole operation one month ago, in one day currency got 4000% bring some 1mln$ into stock and then fallen winking smiley
  2. Follow big fishes, you can try finding currency info on bitcoin forums, just find currency name
  3. Follow troll chat, there are also signs for bumping currency if many users are posting to buy xxx in few hours
  4. Never buy when currency is bumped, buy on minimum and if you made 100%-200%, run with cash even if there are signs to stay
    if currency costs few satoshi and doubled value, better to run when you can

It's risky "investing" but if you have $100 or want to just fun, it's the best way if you don't want to invest big in bitcoin or eth

Summary:
-never keep your money on stock exchange for long time, stock can be hacked or steal your money, keep it on your pc in offline wallet. CoinExchange is making deposit and withdrawals instant, so you are not loosing a lot of time
-you can make 100-200% pretty safe but you need to choose currency what have some volume in BTC and buy offers (not only sell offers)
-use night mode in CoinExchange, better to read everything
-do not trust everything you read on Troll Chat, follow trend not single persons
-smaller coins allows you to enter into trading world without big money
-attention, Troll Chat and people are the worst scammers I have ever seen, if you can deal with that, this is a good place to make money fast
-if you are gambler, this is not for you, think twice before you buy coin, if you buy coin before fall, you can never get back you money, ECC never came back to old values. Personaly I've lost 50% on this before learned to run

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If you treat this as gambling and not investing, and only put in money you can afford to lose, then why not and have some fun. You may even make some real money in the process!

We think alike! Upvoted!
My analysis nailed the recent Bitcoin cash breakout and have made many profitable calls. Check it out: https://steemit.com/bitcoin/@haejin/bitcoin-cash-update-wow-a-great-call