wazua Sun, Mar 29, 2026
Welcome Guest Search | Active Topics | Log In

35 Pages123>»
Speculating in cryptocurrencies: A rough approach
Options
Previous Topic · Next Topic
S.Mutaga III
#1 Posted : Monday, April 09, 2018 8:51:26 PM
Rank: Member

Joined: 3/26/2012
Posts: 830
I have been studying the cryptocurrency market for a few months. During this time, I have witnessed over half a trillion dollars worth of capital erosion. It has been a bad bloodbath for speculators during the period. However, I have reason to believe that there are still scarce opportunities to make money in that market. I am a fundamentalist, but fundamental analysis is technically impossible in the cryptocurrency market because most of them are just projects on paper. Bearing in mind that I am not well versed with technical analysis either, I have decided to risk a paltry Ksh 300,000 ($3000) to speculate in the turbulent market.
Venture: To Speculate in Digital Assets
Capital: $3,000 that I can afford to lose
Strategy: Trend following.
Goal: To make a modest return in a bear market.
Explaining the strategy
Buying:-I will actively search for coins and tokens that demonstrate an upward trend in both price and volume over thirty days.
Selling:- I will sell any coin that does the reverse but instead of waiting for thirty days, I will use fifteen days to stem any losses incurred.
Number of coins/tokens:- For diversification purposes, I will only speculate in 3 or 4 coins/tokens at any given time. The capital will be shared proportionally between the coins/tokens. Portfolio rebalancing will be carried out every time I cash out of a coin.
Speculative Activity 1
a) Binance Coin (BNB)
Current price: $11.88 USD
Amount invested: $1000
Price trend: Gained 55% in the last 30 days
Volume trend: Volume has been increasing steadily in the last 30 days. Often trades more than 5% of its total market capitalization every 24 hrs. There is an upcoming coin burn in April which might prop the price upwards.
b) Verge (XVG)
Current price: $0.070173
Amount invested: $1000
Price trend: Gained 97% in the last 30 days
Volume trend: The coin has been experiencing volumes of above 10% of its total market capitalization in 24 hrs and the volume is on an upward trajectory too.
c) IOSToken (IOST)
Current price: $0.0303
Amount invested: $1000
Price trend: Gained 72% in the last 30 days
Volume trend: Volume has been increasing steadily too. Over 30% of total market capitalization has been traded in 24 hr periods in the last few days.

NB: My investment horizon is undefined. This is not investment advice and is for experimental purposes only. I risked $3000 because I am also prepared to lose it all in the murky waters of cryptocurrency speculation.Fortune favors the bold. Also, as a disclaimer, I have zero knowledge in trading/speculating in digital assets.

#Happy Hunting#

A successful man is not he who gets the best, it is he who makes the best from what he gets.
Back to top
  |
Stiffler
#2 Posted : Monday, April 09, 2018 9:13:18 PM
Rank: Member

Joined: 11/7/2017
Posts: 186
Location: Nairobi
S.Mutaga III wrote:
I have been studying the cryptocurrency market for a few months. During this time, I have witnessed over half a trillion dollars worth of capital erosion. It has been a bad bloodbath for speculators during the period. However, I have reason to believe that there are still scarce opportunities to make money in that market. I am a fundamentalist, but fundamental analysis is technically impossible in the cryptocurrency market because most of them are just projects on paper. Bearing in mind that I am not well versed with technical analysis either, I have decided to risk a paltry Ksh 300,000 ($3000) to speculate in the turbulent market.
Venture: To Speculate in Digital Assets
Capital: $3,000 that I can afford to lose
Strategy: Trend following.
Goal: To make a modest return in a bear market.
Explaining the strategy
Buying:-I will actively search for coins and tokens that demonstrate an upward trend in both price and volume over thirty days.
Selling:- I will sell any coin that does the reverse but instead of waiting for thirty days, I will use fifteen days to stem any losses incurred.
Number of coins/tokens:- For diversification purposes, I will only speculate in 3 or 4 coins/tokens at any given time. The capital will be shared proportionally between the coins/tokens. Portfolio rebalancing will be carried out every time I cash out of a coin.
Speculative Activity 1
a) Binance Coin (BNB)
Current price: $11.88 USD
Amount invested: $1000
Price trend: Gained 55% in the last 30 days
Volume trend: Volume has been increasing steadily in the last 30 days. Often trades more than 5% of its total market capitalization every 24 hrs. There is an upcoming coin burn in April which might prop the price upwards.
b) Verge (XVG)
Current price: $0.070173
Amount invested: $1000
Price trend: Gained 97% in the last 30 days
Volume trend: The coin has been experiencing volumes of above 10% of its total market capitalization in 24 hrs and the volume is on an upward trajectory too.
c) IOSToken (IOST)
Current price: $0.0303
Amount invested: $1000
Price trend: Gained 72% in the last 30 days
Volume trend: Volume has been increasing steadily too. Over 30% of total market capitalization has been traded in 24 hr periods in the last few days.

NB: My investment horizon is undefined. This is not investment advice and is for experimental purposes only. I risked $3000 because I am also prepared to lose it all in the murky waters of cryptocurrency speculation.Fortune favors the bold. Also, as a disclaimer, I have zero knowledge in trading/speculating in digital assets.

#Happy Hunting#



A very bold gamble..
Chance favors the bold...
Back to top
  |
obiero
#3 Posted : Monday, April 09, 2018 9:33:50 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,247
Location: nairobi
Hapa bwana S Mutaga III utachomeka. You are an established investor and I am worried about the direction you have taken at this point. Thank me later

Back to top
WWW
  |
S.Mutaga III
#4 Posted : Monday, April 09, 2018 9:44:58 PM
Rank: Member

Joined: 3/26/2012
Posts: 830
obiero wrote:
Hapa bwana S Mutaga III utachomeka. You are an established investor and I am worried about the direction you have taken at this point. Thank me later

That is why I invested just $3000. An amount that I am willing to lose. I fully understand that the gamble can go to zero very quickly. But so is the upside.
A successful man is not he who gets the best, it is he who makes the best from what he gets.
Back to top
  | | Edit by user: Monday, April 09, 2018 9:46 PM | Reason: Not specified
obiero
#5 Posted : Monday, April 09, 2018 10:20:34 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,247
Location: nairobi
S.Mutaga III wrote:
obiero wrote:
Hapa bwana S Mutaga III utachomeka. You are an established investor and I am worried about the direction you have taken at this point. Thank me later

That is why I invested just $3000. An amount that I am willing to lose. I fully understand that the gamble can go to zero very quickly. But so is the upside.

All the best. I know you know your stuff
Back to top
WWW
  |
chiaroscuro
#6 Posted : Tuesday, April 10, 2018 8:45:21 AM
Rank: Veteran

Joined: 2/2/2012
Posts: 1,134
Location: Nairobi
Out of curiosity: what is the price of Bitcoin now?
Back to top
  |
chiaroscuro
#7 Posted : Tuesday, April 10, 2018 8:52:35 AM
Rank: Veteran

Joined: 2/2/2012
Posts: 1,134
Location: Nairobi
Read this before making your move: https://www.nation.co.ke...262368-m42ing/index.html
Back to top
  |
Mukiri
#8 Posted : Tuesday, April 10, 2018 10:40:06 AM
Rank: Elder

Joined: 7/11/2012
Posts: 5,222
S.Mutaga III wrote:
I have been studying the cryptocurrency market for a few months. During this time, I have witnessed over half a trillion dollars worth of capital erosion. It has been a bad bloodbath for speculators during the period. However, I have reason to believe that there are still scarce opportunities to make money in that market. I am a fundamentalist, but fundamental analysis is technically impossible in the cryptocurrency market because most of them are just projects on paper. Bearing in mind that I am not well versed with technical analysis either, I have decided to risk a paltry Ksh 300,000 ($3000) to speculate in the turbulent market.
Venture: To Speculate in Digital Assets
Capital: $3,000 that I can afford to lose
Strategy: Trend following.
Goal: To make a modest return in a bear market.
Explaining the strategy
Buying:-I will actively search for coins and tokens that demonstrate an upward trend in both price and volume over thirty days.
Selling:- I will sell any coin that does the reverse but instead of waiting for thirty days, I will use fifteen days to stem any losses incurred.
Number of coins/tokens:- For diversification purposes, I will only speculate in 3 or 4 coins/tokens at any given time. The capital will be shared proportionally between the coins/tokens. Portfolio rebalancing will be carried out every time I cash out of a coin.
Speculative Activity 1
a) Binance Coin (BNB)
Current price: $11.88 USD
Amount invested: $1000
Price trend: Gained 55% in the last 30 days
Volume trend: Volume has been increasing steadily in the last 30 days. Often trades more than 5% of its total market capitalization every 24 hrs. There is an upcoming coin burn in April which might prop the price upwards.
b) Verge (XVG)
Current price: $0.070173
Amount invested: $1000
Price trend: Gained 97% in the last 30 days
Volume trend: The coin has been experiencing volumes of above 10% of its total market capitalization in 24 hrs and the volume is on an upward trajectory too.
c) IOSToken (IOST)
Current price: $0.0303
Amount invested: $1000
Price trend: Gained 72% in the last 30 days
Volume trend: Volume has been increasing steadily too. Over 30% of total market capitalization has been traded in 24 hr periods in the last few days.

NB: My investment horizon is undefined. This is not investment advice and is for experimental purposes only. I risked $3000 because I am also prepared to lose it all in the murky waters of cryptocurrency speculation.Fortune favors the bold. Also, as a disclaimer, I have zero knowledge in trading/speculating in digital assets.

#Happy Hunting#


Werokamu... Are you open to advice, or just letting Wazua know of your action? I might have a thing or two to say about your action, but unsolicited opinion is not my forte

Proverbs 19:21
Back to top
  |
Mukiri
#9 Posted : Tuesday, April 10, 2018 10:43:02 AM
Rank: Elder

Joined: 7/11/2012
Posts: 5,222
chiaroscuro wrote:
Out of curiosity: what is the price of Bitcoin now?

coinmarketcapital.com will tell you, at a glance, most of what you need to know

Proverbs 19:21
Back to top
  |
S.Mutaga III
#10 Posted : Tuesday, April 10, 2018 11:20:23 AM
Rank: Member

Joined: 3/26/2012
Posts: 830
Mukiri wrote:
S.Mutaga III wrote:
I have been studying the cryptocurrency market for a few months. During this time, I have witnessed over half a trillion dollars worth of capital erosion. It has been a bad bloodbath for speculators during the period. However, I have reason to believe that there are still scarce opportunities to make money in that market. I am a fundamentalist, but fundamental analysis is technically impossible in the cryptocurrency market because most of them are just projects on paper. Bearing in mind that I am not well versed with technical analysis either, I have decided to risk a paltry Ksh 300,000 ($3000) to speculate in the turbulent market.
Venture: To Speculate in Digital Assets
Capital: $3,000 that I can afford to lose
Strategy: Trend following.
Goal: To make a modest return in a bear market.
Explaining the strategy
Buying:-I will actively search for coins and tokens that demonstrate an upward trend in both price and volume over thirty days.
Selling:- I will sell any coin that does the reverse but instead of waiting for thirty days, I will use fifteen days to stem any losses incurred.
Number of coins/tokens:- For diversification purposes, I will only speculate in 3 or 4 coins/tokens at any given time. The capital will be shared proportionally between the coins/tokens. Portfolio rebalancing will be carried out every time I cash out of a coin.
Speculative Activity 1
a) Binance Coin (BNB)
Current price: $11.88 USD
Amount invested: $1000
Price trend: Gained 55% in the last 30 days
Volume trend: Volume has been increasing steadily in the last 30 days. Often trades more than 5% of its total market capitalization every 24 hrs. There is an upcoming coin burn in April which might prop the price upwards.
b) Verge (XVG)
Current price: $0.070173
Amount invested: $1000
Price trend: Gained 97% in the last 30 days
Volume trend: The coin has been experiencing volumes of above 10% of its total market capitalization in 24 hrs and the volume is on an upward trajectory too.
c) IOSToken (IOST)
Current price: $0.0303
Amount invested: $1000
Price trend: Gained 72% in the last 30 days
Volume trend: Volume has been increasing steadily too. Over 30% of total market capitalization has been traded in 24 hr periods in the last few days.

NB: My investment horizon is undefined. This is not investment advice and is for experimental purposes only. I risked $3000 because I am also prepared to lose it all in the murky waters of cryptocurrency speculation.Fortune favors the bold. Also, as a disclaimer, I have zero knowledge in trading/speculating in digital assets.

#Happy Hunting#


Werokamu... Are you open to advice, or just letting Wazua know of your action? I might have a thing or two to say about your action, but unsolicited opinion is not my forte

I welcome any advice. I could use it in future so go for it. I am all ears.
A successful man is not he who gets the best, it is he who makes the best from what he gets.
Back to top
  |
35 Pages123>»
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.