Hey Veeky Forums I've made over a million trading crypto with a $5k investment in 6 months! It took a bit of luck, and one very smart buy.
Here's what happened and how I did it...
Bought $5k XRP when it was under a penny, sold it in May for 30X (lucky!)
Took all that money and bought
BTC (bought and hodling)
ETH (bought and hodling)
KMD (bought and hodling)
VERI bought huge amounts at ICO for $1.50/VERI sold all in July for $200/VERI
I spent 95% of what I made on XRP on VERI as I was confident in the tech and the team. This was pretty stressful, but totally worth since I made nearly 150x what I spent.
Cashed out huge (over a million)
VERI whale gets hacked, and $8 million usd worth of VERi gets dumped onto market at below half going rate.
Buy a boatload of VERI again.
Huge wallets start suppressing price and buying huge amounts of VERI.
I'm already hodling more than enough VERI, so I do nothing.
Decide to buy some TNT (Tierion) at ICO
VERI price suppression ends yesterday, price is up 30% in a day.
The tips!
1) I only learned technical analysis this month, I made all my money without.
2) Research research research! I bought coins with tech and use cases that made sense to me. I didn't buy based on smooth websites, or hype.
3) No emotional trading! No fomo, no fud.
4) Bigger trades less often, daytrading might be great, but I have a fulltime job. I'm not so concerned with making every possible % because I am satisfied with my strategy and the insane gains I've had
If I were you guys I'd buy a little VERI today, and sell it either in a few days or early next year.
Happy to answer questions.