High Risk High Reward
Strategy
This buying strategy is not for people working on a tight budget and applies to those that understand the risks involved with investing and are willing to take larger risks to make big profit.
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We will like to start off by saying that you should only invest what you can afford to lose and investing in cryptocurrency is akin to being a venture capital investor. The cryptocurrency market is available worldwide 24 x 7 for trading with no market close or open times. Please do your own risk assessment when deciding how to invest in cryptocurrency.
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With that being said lets begin.
The High Risk High Reward Strategy involves buying alt coins also refered as "alternative coins". These are the other cryptocurrency tokens beside Bitcoin. Some of these coins have recorded gains of over 10,000% in a year.
Where do I find these Alt Coins?
Binance is a very good exchange to signup to as they provide access to over 300 alt coins for you to buy and sell and is the leading exchange in the market. If you have not signed up to Binance you can sign up for free here.
How do I find good Alt Coins to buy?
Take a look at our recommendations in our Hot Coins list with links to research and monitoring tools that you can use to make your decision and keep track of the coins progress. Sign up for our free advance course here to view the list.
How many coins should I buy?
There are some good coins that are currently priced in the pennies that have the potential to do a 10X to 100X on your investment. People that invest aggressively in the alt coin market buy these cheap coins in lots of 100,000 coins or more.
Here is an example:
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CoinA is 0.01
You spend $1000.00 and buy 100,000 CoinA
Big news comes out and causes CoinA to surge up to $0.10
The value of your investment is now worth $10,000.00
You just made 10X on your investment.
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What is the possibility of reaching a 10X or 100X on my investment.
At the end of January a meme coin called Dogecoin went up 1000% from 0.008 (under a penny) to over 0.08 cents. Bitcoin recorded an over 800% increase from its 2020 low. Ethereum the leading alt coin is up over 1000% from its 2020 low. We will show you coins that have the potential to go up significantly while the price is still low now.
How do I get started:
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1. Make sure you have a Binance account. You can signup for one here.
2. Make sure your Binance account is funded.
3. Sign up to our Advanced Free Course so you can take a look at out Hot List with our research links.
4. Focus on the coins in the pennies with a high profit potential.
5. Hold 100,000 + of each coin
6. Set your sell target and wait for the market to hit it.
As we mentioned earlier this "High Risk High Reward" strategy is actually as it sounds. If you pick the right coin that has a strong team, use case and is still undervalued you have a great opportunity to make huge profit. The good thing is, we already did the research for you on some of these high potential coins waiting to explode.
Signup to our free advance course here and see our Hot list.
The volatility of the market presents the risk that at any time there could be a big drop and you risk losing a large part of your money if you sell. But....
Keep this in mind:
In 2018 Bitcoin hit over 20,000.00 per coin and people rushed in to buy it. Then from mid 2018 to early 2020 Bitcoin fell to a low of $3700 and hovered around $8000.00 - $10,000 until late 2020 when it surged to over $40,000.00!. Those people who bought Bitcoin at $20,000.00 and sold it when it was below $10,000.00 lost a considerable amount of money. If they would have just waited and held it through the bear market they would have doubled their money this year.
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Risk Warning:
Our content is intented to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independant financial advice from a professional in connection with, or independantly research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise.
Crypto60 does not provide any financial advice or endorse any specific digital asset of any kind The digital assets recommended on the site are based on our own research and are listed for information purposes only. People using the site must do their own research and consider their own financial situation before making any investment decisions.