pimpmaster9000

I still think it is fart-in-a-jar ponzi crap but here is the method and logic I will use for short term gains:

-understand the psychology of crypto investors...most of them (90%) are lazy and in it for the quick gains with no work...so you must employ the following methods:

1) never ever read the white paper or even visit the website of the shitcoin...90% of all "investors" do not do this...you must learn to think like a dumb lazy fuck and also act like one

2) understand number bias...the lazy investor is looking for 100x or 1000x coins..."bitcoin is 20K but ripple is only 20cents, it will grow like bitcoin!!!!" <---this is how the average lazy guy thinks, not taking the time to even look at things like circulating supply and market cap...the lower the price of the shitcoin, the more appealing it is for the lazy investor...a 50% gain is a 50% gain regardless of price, but most people do not understand this...you have to pretend like you do not understand this as well...

3) look at the logo and name...does it sound like money? this is an ambiguous one...but shiny object syndrome is a factor and my case in point is "medibloc"...it sounds like it has money making potential...dentacoin too...the name suggests money...

4) never invest in the first 50 shitcoins unless they are penny coins...a fat person is hard to move...

5)look for coins only listed on 1 exchange or maybe 2...if it is on the big exchanges it is automatically less attractive <---this is a non lazy step, you actually have to do some work but it is a good thing because if it is already on the big exchanges and on page 1 then it will not grow much...

here are my page 1 picks based only on lazy logic:

kin/experience/denta/byteoin/redd/digitalnote/dent/sia/digibyte/tron/funfair/verge/electroneun and my favorite: medibloc <---meets all lazy criteria

here are my page 2 picks based only on what is cheap:
pacoin/telcoin/atmchain/burst/storm/cindicator/timenewbank/poet



trading method: as soon as the shitcoin jumps, drop it like its hot and cash out....

I will come back to this thread in a few months and compare the average gains of the 21 coins above from this date to then, to BTC for example...I am almost certain that it will be much more than investing in any of the top currencies even though I know shit about the penny coins or what most of them do...

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GFED

Welcome to the game

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jscott

learning, logic and all smarts thrown out the door on this one

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Klen

You know, your strategy is actually good

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CoolMikey

You know the whole crypto thing is a joke, when someone makes a joke about strategy and people say it's a good strategy.

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CaptainHowdy

Good luck with that ...

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seeandsee

i hope you catch gold

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pimpmaster9000

logic has no place in crypto...todays top gainers from page one:

bitconnect 378% <---LOL ponzi 1%/day coin that is not trading any more but still grows 378%

mediblock 96% <---my top pick...penny shitcoin

tron 94% <---penny coin, not on my list but fits my criteria

dentacoin 87% <---on my list

verge 71% <---on my list

request 68% <--on my list

experience 66% <---on my list

redd 65% <---on my list


(too lazy to check page 2 coins but I bet they are the biggest gainers as well)


the oracle has spoken!




.

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HomerSimpson

Not a bad strategy BUT if lazy investors start buying any shit coin for any reason it's price will go up... So it's sometimes worth doing the same thing just having the goal and selling once the price goes up.

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onwebcam

Do not hodl.. Don't be greedy. If you've made a good profit, sell, and perhaps buy back in later. Even if it doesn't come back down. You at least made a good profit.

Don't buy into a coin being pumped.. If you already own it great.. Set a good profitable sell order and buy back in on the drop. If you buy into the pump chances are you will end up losing on the way back down... Definitely don't buy in on a new coin pump.. You will get burned... For sure..

Set abnormally low buy orders. (pay attention to large buy orders) Most of the coins being pumped and dumped will experience flash crashes . Your low buy order could get filled an it's instant profit.

If you are upside down in a coin. Buy in equal to your holdings at the lowest point you can and ideally the two will meet in the middle to cut your losses to a break even sell point.

Use the limit feature.... For losses and profits.. Lazy people don't do this. Day traders and pumpers do.. (pay attention to large buy and sell orders)

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GFED

Yes, i strongly agree on this.

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The Porn Nerd

So after shitting in every Bitcoin thread and laughing your ass off at all us "investors" with your predicitons of crash and doom you NOW have a 'strategy'?

Here's a strategy: go fuck yourself. LOL

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2MuchMark

I'd agree with most of what you said, except for its comparizon to a ponzi scheme. You might think its a scheme of some kind and that's a fair assumption, but a "Ponzi" scheme it isn't.

From the Wikipedia Machine: "A Ponzi scheme (/ˈpɒn.zi/; also a Ponzi game) is a fraudulent investment operation where the operator generates returns for older investors through revenue paid by new investors, rather than from legitimate business activities or profit of financial trading". https://en.wikipedia.org/wiki/Ponzi_scheme

This isn't that.

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pimpmaster9000

I never changed my mind...in fact my first sentence is that I still think its all fart-in-a-jar coins...this does not mean I will not make bank with things like arbitrage or short term investment that relies on my knowing the average "investor" and how he thinks...

the proof is in the pudding...out of the top 8 gainers today, 6 are on my list, and all 8 meet my criteria...

the oracle has spoken!


I compared bitconnect to a ponzi...they promised 1%/day based on some trading script they have that does not take in to account slippage or the problems associated with large scale investing...1%/day is classic ponzi

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The Porn Nerd

Well I always root for success so I hope this works out for you. For me, I am sticking with BTC and Ether for now.

A good and brilliant friend of mine, who lives and works in Silicon Valley, tried 'micro managing' his crypto investments. His wife limited how much cash in he could invest so the only way to make quick bank was to buy/sell, almost like a day trader. After three months of him doing this, and losing about 30% of his cash in, he stopped and is now just letting it ride.

So there are two 'strategies', like with any investment: buy/sell/manage or buy/hold. I am doing the latter but if you have the knowledge and smarts to do the micro managing thing then God bless.

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TheDynasty

i have to diahrrea coins for you

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ruff

They all come over to the dark side eventually.

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Constant Phil

My strategy goes like this. If/when a coin hits 100% gain i will sell 50% of my holdings and ride it to the moon or to the grave. Rinse repeat.

I keep those 100% gain holdings aside for massive crashes and dips like happened earlier this week. That is where the real money is to be made.

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JuicyBunny

Great thread. Thanks, OP, I always enjoy your posts for one reason or another.

beerptrol

lol!!!! I used your logic the beginning of last year and it's paid off nicely. I expect the shit coins to go up again as people are getting their tax refunds and all the media hype . Greed is a strange driving force and you can use other people's to your advantage

The only shitty coin i'm in the hole with is TRX lol. But I expect to change!

The shittest coin I bought to date was 1 billion pac coin when it was 6.8210^-9
Some of these coins you can stake

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jscott

to buy your shitcoins you must 1st buy bitcoin.... crucissfusso you buy bitcoin, you hypocritic fuck

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pimpmaster9000

no I purchased litecoins for fiat...I got in to do some easy arbitrage and bitcoin was a slow piece of shit...I honestly believe the whole crypto thing is doomed...BTC has a mining/power consumption problem and is doomed...also the shitcoins are much more profitable...BTC is too fat to give gains like it did a few months ago...BTC = RIP...

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jscott

one thing i can agree with, about your view on bitcoin is..... not something you've said, but something you are....

and that is a bitcoin hater, nothing can become successful without haters

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pimpmaster9000

I do not hate or love bitcoin... I see its obvious flaws like it being hard to scale and its unsustainable power consumption...even if they roll out the lightning network and it works great, the power consumption from mining will spell its doom...all mine-able coins are doomed sooner or later...

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overdose

dentacoin is already accepted at a clinic in my country and it has just started... (it's already accepted at several clinics worldwide) it's adopting very fast and if it hits 1$ I'm already rich... I plan to get the 1/5 out whenever it gets around 10$ in some years and I will hold the rest for more gains... any better plan... however there are lazy smart people with patience and everything and lazy stupid people, those are not the same... laziness has a lot of advantages like forcing your brain to plan/handle situations the easiest yet most effective way there's possible... and I tell you laziness gave us the most advancement in human development since we came off the tree

The Porn Nerd

For people interested in mining BTC then perhaps you are right.
But for investors and people playing the BTC market? Not an issue.

Oh - and everyone has said BTC is "too fat" and has hit its' ceiling. I do not believe this. BTC will peak at 100K and be at 40K by year's end.

But keep playing the penny stocks versions of crypto.
That's for small players and small thinkers.
Go big or go home dude.

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pimpmaster9000

the oracle predicts another dip...

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JuicyBunny

Tsunami coming according to this guy.

https://www.rt.com/business/416390-b...-coming-japan/

DBS.US

Pump and Dump

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