Means correction is incoming.
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Loving hearing stories of CP members killing it! :-)
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My friend's son dropped 15k and then another undisclosed sum. He's sitting at about 200k with what I imagine was a 20k investment. Sweet fucking returns there...
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I’ve been trading DOGE since last July. Made quite a bit from it, currently 7300 shares @ .40

I’ll be in here for a few years if not longer, buying dips and stacking coins.
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So what am I doing wrong?

I set up an account on Coinbase on Monday/Tuesday:

Invested $500 each in Ether, Chainlink, Cardano. $400 in BTC.

Here it is Friday morning, and I have not yet doubled my money.

How am I supposed to retire by the end of the year to my soon-to-be-purchased luxury villa?

All tips and tricks appreciated!

:-)
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Yeah wish I would have bought more but definitely not complaining
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I'm new to this and investing in general. Just started a Coinbase account. Haven't bought anything yet. I'd like to have $10,000,000 from like a $50 investment by end of month. Give me some tips & tricks to reach that goal.


But really, I am new to all this. Any advice for someone just starting out?
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Pretty sure we're all financial geniuses.
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Don’t treat it like a joke for one. It can truly change your life if your smart about it. You are effectively an Angel investor in a new asset class that the big boys can’t legally touch yet. Do extensive research in coins “blockchains” and tokens “projects on blockchains” that have real purpose, project schedules, teams and goals. Good Luck!
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See, Wednesday/Thursday was your window for cleaning up.
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Thanks for the tips.
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Need to know what the OP’s gains are? 800% seems low
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What do you use to buy coins?
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Anyone that wants to get Dogecoin super quick set up a blockfolio account. I think it's like .50 fees and you can trade almost instantly.
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Safest bet is to stick with ethereum and bitcoin, they're not going anywhere. Check out 1D, 1W, and 1M charts, note the highs and lows, do some math, watch the prices as much as possible and try to buy in as low as possible.

For instance in my situation, my current average buy in price for Bitcoin is around $49k. Its sitting at around $57k right now but in the last week it's gotten as low as $52k. If I wanted to buy more I'd wait until it got near that again. It may or may not, but it likely will at some point.

Ethereum has drastically outperformed bitcoin so far this year. Obviously nobody knows or can predict if that will continue but most experts seem to think so. My average buy in price for it is around $2k, it's currently sitting at around $3500. It has gained 64% in the last month while bitcoin has actually dropped about 1% during the same time period. Does that mean both trends will continue? Likely not...it's more likely that bitcoin will get back to it's high of around $65k in the near future than it is for ethereum to gain another 60+ percent.

It's probably smarter to invest in bitcoin if you're looking for quick gains but if you plan on sitting on it for months I'd go with ethereum. Or you could wait for nice dips and buy in equally to both. It's very unlikely that you'll lose money in either, long term at least.
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