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RE: My Strategy for Low- Volume, Smaller-Market Cap Coins - High Risk = High Reward
Nice post, I probably will employ some of your techniques in the future. Your way of making money seems to be very sophisticated. How much time do you spend per day on doing research or just being informed about everything?
What I also didn't really understood; Why do you recommend looking at LTC or DOGE pairs instead of BTC pairs?
I would enjoy to read more posts like this from you, that's why I am following you now.
Yea, I do spend some time researching and looking for these coins. I'll spend a couple hours charting and researching, etc . . on both low cap and high cap coins. Sometimes, I will hear about them in another coins Slack group. But once the initial research is done, I just make sure to stay up to date on the news . . that's the easy part.
You can buy a lot of these coins cheaper than 1 satoshi of btc. It doesn't seem like it would be a lot, but with cv2 for example, I purchased about 20 million coins. that would be 1/5 of a btc if I would have bought that way. But at the time, there was a lot more volume on the ltc pairing, and the order book looked a lot easier to make a profit with. The sell walls were very slim and the buy walls were quite large.
I'm sure there are people out there who make a good living buying coins with ltc and doge, and then selling them for btc. Here is a calculator that converts the amounts.
https://www.coingecko.com/en/price_calculator/litecoin/btc
I know its not for everyone, but there is profit to be made. When the entire market flipped to bear a couple months ago, the lower cap coins were still shining.
Thanks for your comment. I enjoy making posts and comments help me to see that this is worthwhile.
Those other pairs might react later to actual news, just a wild guess, but you can't trade if there isn't volume...