How I turned $120 into $300 on Bittrex in two months

Alright guys, today I'm gonna tell you how I multiplied my money by 2.5x by trading altcoins on Bittrex. And yes, it only took two months. My investment strategy is risky, but if you're like me and you only have one or two hundred bucks to invest, buying and holding on to big cryptocurrencies (like BTC or ETH) isn't always the best investment strategy because it can take a lot of time to see big profits.

**Update: I now have $400, so i multiplied my money by 3.33x

So what's the strategy?? I'm going to get right into it!

One thing you must understand about cryptocurrencies (and stocks) is that when everyone is buying, the price goes up, and when everyone is selling, the price goes down. That's just the way it works. So, to take advantage of this, people will run a pump and dump scheme (which is illegal). Basically, they buy a "crap-crypto" (or a penny stock) and then they hype it up (If they hype it up and get people to buy it, the price will go up). The way these people usually hype up crap cryptos is by making a website with a newsletter that says things like "subscribe to this newsletter for 500% gains!" Then, they will email everyone who subscribed to their newsletter to buy that crypto, thus raising the price. Then, when the price raises, they sell, and then everyone else sells (which causes it to crash).

So, the method we will use to make money is to identify and buy coins that get "pumped and dumped" and get in on it before the "pump." We will buy these coins and wait for the price to rise, then we sell early (before everyone else starts selling). So in a sense, we are taking advantage of coins that often get pumped and dumped, which is completely ethical. Bittrex is the ultimate website to use for this method because they have tons of crap coins. Remember, pump and dumps are hard to use on big cryptos and stocks because the number of people on their mailing list is pathetic compared to the number of people who trade that cryptocurrency or stock.

So how do we identify these coins?? These coins will look something like this:

Now you can see that the coin is "asleep" and goes in a line until, once every month or so, it just explodes. You can look at the volume at the bottom of the graph (volume is the number of trades) and see that there is pretty much no activity until it gets pumped up. Now, we can make a prediction that sometime in the future, this crypto will explode again, because it seems to get pumped up once every month.

So now look around Bittrex and find coins that look similar to this. Incase if you have a hard time finding them, I have made a list of pump and dump coins that I found:

When you buy one of these coins, immediately place a sell order for a price that you think it will definitely hit when it gets pumped up again. Compared to how high the crypto usually gets when it's pumped up, I would place a sell order for somewhere around 3/4ths that height. For example, I would sell the cryptocurrency at where my mouse is:

So now you have the strategy! Start making bank!

**Now you must know that I didn't make up this strategy, it is actually a very commonly used strategy by day traders. In fact, it is so commonly used that it has been given the name, "riding the wave."