Part 2 - 9 days to make £5 profit from £50 dogecoin

Learning Outcomes

Monitor the daily price action to watch our £50 grow into £55

See the potential to make, £50, £500 or £5000 in 9 days

Recap

I performed a test on the 28th March 2022 to see how long it would take to make £5 profit from a £50 stake in Dogecoin.

Here we can see the initial deposit of £50 purchased 454 Dogecoin on the 28th March 2022

9 Days later, 454 Dogecoin is sold and the £50 stake along with £5 profit is paid out automatically

Here are the numbers:

We can see from the diagram above that the investment value will typically drop, this is to be expected.

The term weak hands is refered to those who panic when they see this and sell, only to regret that decision when the price recovers.

It can go either way depending on when we decided to enter the market. No one knows what's going to happen until it has happened.

In the example above we made £5 from £50 in 9 days.

I will now share some illustrations on how we could have made £50, £500 or £5000 profit in 9 days.

Starting with £500 we could have made £50 profit

Starting with £5000 we could have made £500 profit

Starting with £50000 we could have made £5000 profit

Summary

Starting with a small investment of £50 buying on the 28th March 2022 gave us a £5 profit in 9 days. With this knowledge I provide additional details of how to potentially making more profit by raising the initial stake.

Risk Warning

Trading any form of cryptocurrency is super high risk, as with all investments you should only put in what you are prepared to lose.

This article is not financial advice, it is for information only. Use this article at your own risk.

Next Steps

Look for our next vehicle to make another £5, try and enter the market at the lowest point. On paper work record when you entered and how long it took to make your profit target