Hi all, I’m creating this post, not to brag, but to share my experience, so that hopefully other cryptonation / bitcoinpub members can have the same or better success.
The other reason that I’m making a post is because @peter asked me to do so and this is my way of giving a bit back to the community as I’ve made a lot of money since joining and by listening to Peter.
So let me start off by being a wanker and say, do your own due diligence and this is not financial advice
I ended the day with a 7500 USD profit, but at one point I had 9000 USD profit, so I at one point also lost 1500 USD and I just wanted to throw that in here to show how high risk this is and to add perspective.
I had this success with Groestlcoin (GRS). My key advise would be, invest in a coin (such as GRS) that is very volatile (so can go up real quick but can go down real quick as well). In addition to it being a volatile coin, make sure that it is a coin that you believe in for the long term, in case you are making big losses, if you’ll hold mid term you’ll still end up on top. Also make sure that enough people are trading the coin every minute, because you don’t want to wait 15 minutes for somebody to buy from you.
GRS started a bit over a week ago at 10 cents, then it flew up to 30 cents. I heard many people saying, don’t jump on a spike (which is generally not advised, but big risk big reward), and they were also saying wait for the pullback. Typically there is a 50% pullback after a big spike, so it easily could have gone down from 30 cents to 15 cents. But I thought, what if 30 is not the peak, what if 50 cents is the peak or 70 cents? I quickly did some Youtube searches on the coin and saw some people predicting 3-5 USD range for this coin (of course you should not 100% base your decision on that, but I took the risk). So I jumped in.
Then the coin jumped from 30 cents to 1.25 USD so I have to admit I naturally got a lot of gains from the coin itself going up. However I further increased my gains by gains swing trading, after having watched peters RSI video.
The two main tools you want to use are MACD and RSI.
Essentially what I did, I looked at the 1 minute chart and bought at low, and sold at high, every time taking 2,5% profit. If you do this with 10 000 USD, this means you are making 250 USD per hit.
I won’t share how much money I invested in total in GRS, but in my opinion you can easily make several 1000 USD profit per day based on the above scenario.
I have to admit, at the end of the day I had a sore ass ;P, as I was swing trading from 7 AM to 11 PM, with only 2 hours of break in between, so 14 hours in total, but it was worth it.
So eventually I made 7500 USD profit and smashed it into bitcoin. To add some perspective, if you’d do that full time for a whole year and you have the same result every day, you would have 2,7 M USD profit. Of course you will never consistently have that kind of performance, sometimes it will be better, sometimes it will be worse.
Of course no sane person will do swing trading 14 hours a day for 365 days a year, but it gives you an idea of what is possible, let alone if you do it with more than 10 000 USD per swing.
Some might ask, was it not stressful? For me not at all, because I saw that what I was doing worked over and over again and the key thing is, don’t invest what you can’t afford to loose. So I used some of my money that I had saved up, I didn’t use the money that I have to buy my groceries from. It is a lot of money for me as I’m not rich, and it sounds weird to say, but in the end it is just money. Remember people, the last suit that you wear has holes in the pockets. Enjoy life, take profits, reap the benefits but keep investing
Hope this helps.
Please don’t send me DM’s about this topic. Better to keep a discussion going in this thread, so that everyone can benefit from the discussion.
I want to finish off with suggesting you guys to sign up as a patreon for the bitcoin pub. The work that Peter has put in for us is amazing and I personally think it is worth to just give 5 or 15 USD a month to support the pub, to keep on paying for those server costs and to make sure Peter can keep on cranking out awesome content for us.
I’ve made quite some good money following Peters advice and just giving back a little bit is more than fair.
I have to give credit also to @cryptoserb for providing the tip on this amazing GRS coin.
Good luck everyone, SMASH THAT LIKE BUTTON