Topic: Accumulating, good or bad? (Read 425 times)
I think it is better to diversify your holdings and not invest in only one coin. Long term holding is good and you can accumulate much profit but it will be better if you invest in more than one coin so that you can share in both profit and loss.
If you see a market situation that is currently experiencing a massive price decline, of course we can use it to start investing for long-term conditions, because we will not know that maybe the altcoins we have will be more valuable than Bitcoin, and we won't know in the next few years we will be billionaires because of something we think is small at the moment
accumulating is very good but only if you accumulate what's worth accumulating. If you just buy anything anywhere you might end up with a load of coins worth nothing and you wouldn't be able to do anything with it lol.
I'm talking about those cheaply priced cryptocurrencies here..
*** I see many long-term investors prefer to accumulate big bags in just two or three solid coins/tokens, say in the range of 2 or 3 million coins/tokens, ..hold for 2 years period ..then sell once the price of one coin/token reach the 0.2 USD level == that's 400k USD for a 2 million winner bag.
**** When I think this may be a very good strategy, for the long-term investment, a better way to do it is to invest in 7 or 10 strong projects (holding 20k, 40k, 60k ....and so on, until one fills his selected positions.), hold for 2 years period and sell for big profit.
What do you think?
*** I see many long-term investors prefer to accumulate big bags in just two or three solid coins/tokens, say in the range of 2 or 3 million coins/tokens, ..hold for 2 years period ..then sell once the price of one coin/token reach the 0.2 USD level == that's 400k USD for a 2 million winner bag.
**** When I think this may be a very good strategy, for the long-term investment, a better way to do it is to invest in 7 or 10 strong projects (holding 20k, 40k, 60k ....and so on, until one fills his selected positions.), hold for 2 years period and sell for big profit.
What do you think?
Accumulating is good, if what you are going to accumulate are altcoins with good long-term potential. Take note, that most altcoins nowadays are dying, and we don't know if it will still bounce back once the market starts recovering. So, invest and accumulate wisely.
It is not brainer, when you accumulate cheaply, you are doing the right thing and you are positioning yourself to take advantage of bull waves when it happen. You will so please with yourself that you bought at the time you did!
It all depends on how much you invest and what you invest in. I don't invest all my money in cryptocurrency, but I also keep dollars. Investing in a crypt, I chose 4-5 coins, you need to try to reinsure the risks.
Personally I prefer to invest as I go, that is when I will buy a coin when I see the project has potential. And keep accumulating the few coins in my bag whenever I have spare cash. Currently, I have about 12 coins that I am always accumulating.
I tried that strategy many times and its not easy as it seems. Many times my coin jumps 10x and I sell bit by bit, and then try to buy back when it falls, sometimes successful but I always end up selling all and waiting for that dip, and dip dont come, price just go upwards and newer come back. And when all market crashes in bear run, I usually don't have any usd to buy, because on half way down I already spent all on "good buy opportunities"... NOT EASY!
That calculation can give you a lot of benefits, you have to be able to control the patience you have to be able to apply that strategy and not to sell at a cheap price.
It has its demerits and merits, one, there's no certainty that any invested amount will yield return on investment in the foreseeable future. But if one has to invest, I'd suggest investing in a number of coins instead of 1 or 2 coins.
I agree with your suggestion, by investing in several coins it is more promising than just one coin, because we have other choices if the assets we have are in a bad position, so we can see the development of other coins that we have
always i like to be diversified and its a good strategy. always do not buy too much low cap coins. because its too risky. buying coins from top 50 coins list of coinmarketcap will make you safe. but no need to hold 2 years as a rule. you can sell after reaching some good profit amount.
I am sure that such a strategy is taking place. but how good it is, everybody will assess by the results of using this strategy.
I want to know how you connect risk with profit?
What are the factors determining for you to sell or buy coins?
How many of you are trading short term?
What are the factors determining for you to sell or buy coins?
How many of you are trading short term?
Accumulating is good as long as you are accumulating potential and promising project's token. Market of cryptocurrency especially altcoin market is still very young. There are lots of tokent listed on coinmarketcap that are just starting. So getting as many token or coins of these kind of project is a good investment. It will grow in value once the roadmap is realized.
It has its demerits and merits, one, there's no certainty that any invested amount will yield return on investment in the foreseeable future. But if one has to invest, I'd suggest investing in a number of coins instead of 1 or 2 coins.
probably it all depends on what stage of the market you enter. Now is a very good time to enter. After all, we are getting closer and closer to the denouement of the situation on Bitcoin. With its turn, the altcoins will stop falling into hell and begin a gradual growth at the growth stage.
I agree with you and that's why I'm actually doing. I built a well diversified portfolio with most of top 20 crypto, even if there is a % dominance of Bitcoin and Ethereum. In that way I think that standard deviation reduce so risk is better diversified for a long term holding.
I believe that long term investment is a wise strategy and the best time to buy btc and alts should be in bear market where price value is low. Long term investment which took almost 2 years in the waiting is really a long time. I think that these people who had preferred on this strategy should have enough capital and willingly able to openly accept what for ever happens in the crypto market as the years passed by. Considering that cryptos will recover in the near future and people were able to buy btc and alts this time, rest assured that they may able to gain a very promising profit.
Long-term investment is only for people who are patient and have capital in addition to crypto currency, but if I, I would prefer a short-term investment because it is more profitable, with scalping trade techniques we can certainly make a profit every day
the problem is to find the new coin that can do a big % of price grow...we must look for coins that are not ico or bounty but people are too stupid for this....I regret I did not get bought coins like litecoin,vertcoin or viacoin when they were very very low in 2015...there is a good dose of luck of course, but you must always do your own researches...for example watch Elicoin in livecoinwatch , is not an ICO or bounty... it's a coin with low mc, low supply, PoW whit cpu, no premine, active dev...only trading it on CREX24 for now...do you own researches in the thread in bitcointalk: https://bitcointalksearch.org/topic/anneli-elicoin-cpu-mining-only-exchange-available-3028302... people are too stupid for DYOR and got scammed by ICO or bounty...just my 2 cents...hope it helps...cheers
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