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Topic: My answer to the big question of Hodling (Read 1402 times)

full member
Activity: 434
Merit: 103
Thinking on the higher plane of existence.
October 31, 2017, 03:46:16 AM
#50
The question is when to sell of course. Because eventually you do have to sell something to realize any profits. My strategy is outlined below, let me know what you think and feel free to share yours. Mine has not been tested as I'm still fairly new to trading and should not be taken as investment advice.
First and foremost, i only invest with money i can afford to lose and only into projects i have throughly researched.  What I plan to do is buy  and hodl until the price is 2X. Then sell half, essentially giving me back my initial investment, anything I sell afterward is pure profit.
I hodl again until  the price reaches 10X. Then sell 20%, giving me a 100% return on my investment again. This would be my first actual profit. I hodl again until the price reaches 100X. Then sell 20% again, giving me a 800% return on my investment.
 I hodl again until the price reaches 1000X. Then sell half my remaining balance, giving me a 1600% return on my investment. At this point I would still retain 16% of my original balance and have recieved a 169X return overall on my investment. Obviously I would have to get in early on a coin/asset and still then wait years potentially to see the returns I want. I'd have my stop loss set at 75% of the orginal price until my first selling at 2X and 50% of the original price there after.

So that's my plan, how's it sound? Obviously I could hodl for the 1000X the entire time, but I feel this is a nice way to lock in some profit early while still holding for the long haul.

Most of the traders/investors do your strategy, setting limits and stick to it. I hope people that are new to cryptocurrency would read this because it will help them to achieve what they want which is profit and I also want them to rely on their guts and not on their emotions while seeing the price goes down.
newbie
Activity: 12
Merit: 0
October 31, 2017, 03:39:01 AM
#49
The question is when to sell of course. Because eventually you do have to sell something to realize any profits. My strategy is outlined below, let me know what you think and feel free to share yours. Mine has not been tested as I'm still fairly new to trading and should not be taken as investment advice.
First and foremost, i only invest with money i can afford to lose and only into projects i have throughly researched.  What I plan to do is buy  and hodl until the price is 2X. Then sell half, essentially giving me back my initial investment, anything I sell afterward is pure profit.
I hodl again until  the price reaches 10X. Then sell 20%, giving me a 100% return on my investment again. This would be my first actual profit. I hodl again until the price reaches 100X. Then sell 20% again, giving me a 800% return on my investment.
 I hodl again until the price reaches 1000X. Then sell half my remaining balance, giving me a 1600% return on my investment. At this point I would still retain 16% of my original balance and have recieved a 169X return overall on my investment. Obviously I would have to get in early on a coin/asset and still then wait years potentially to see the returns I want. I'd have my stop loss set at 75% of the orginal price until my first selling at 2X and 50% of the original price there after.

So that's my plan, how's it sound? Obviously I could hodl for the 1000X the entire time, but I feel this is a nice way to lock in some profit early while still holding for the long haul.

Is this strategy or dream.Yeah i know this seniario is very much possible with bitcoin if you have started on 2009-1012 era.
But right now lots of coins are just pum and dum coins and other than bitcoin almost no other coin have shown that much of stability.
My strategy  is daily basis i keep 1% growth everyday.
and that's my profit.
sr. member
Activity: 952
Merit: 250
October 31, 2017, 03:37:04 AM
#48
You gave a wonderful HODLING technique. But we are in the bearish moment, where its very impossible to have a 2X to 100X profit. Lets see if Market would retrace by 2018. I heard 2018 is a very bearish period.

The question is when to sell of course. Because eventually you do have to sell something to realize any profits. My strategy is outlined below, let me know what you think and feel free to share yours. Mine has not been tested as I'm still fairly new to trading and should not be taken as investment advice.
First and foremost, i only invest with money i can afford to lose and only into projects i have throughly researched.  What I plan to do is buy  and hodl until the price is 2X. Then sell half, essentially giving me back my initial investment, anything I sell afterward is pure profit.
I hodl again until  the price reaches 10X. Then sell 20%, giving me a 100% return on my investment again. This would be my first actual profit. I hodl again until the price reaches 100X. Then sell 20% again, giving me a 800% return on my investment.
 I hodl again until the price reaches 1000X. Then sell half my remaining balance, giving me a 1600% return on my investment. At this point I would still retain 16% of my original balance and have recieved a 169X return overall on my investment. Obviously I would have to get in early on a coin/asset and still then wait years potentially to see the returns I want. I'd have my stop loss set at 75% of the orginal price until my first selling at 2X and 50% of the original price there after.

So that's my plan, how's it sound? Obviously I could hodl for the 1000X the entire time, but I feel this is a nice way to lock in some profit early while still holding for the long haul.

hero member
Activity: 812
Merit: 500
October 31, 2017, 03:28:32 AM
#47
This question has already been answered a half dozen times over. There's a simple equation that you use when you're questioning holding. Everybody knows it there's no reason to ask yourself shouldn't be holding or should have ice be spending. Simply use the equation that all of the other traitors to and your question will be answered every single time.
full member
Activity: 214
Merit: 100
October 19, 2017, 05:22:09 PM
#46
I think it is the easiest option for most people. Yes you can make more with trading but it takes a lot of time and knowledge.
When to sell is the hard question , i think when you don't feel comfortable holding anymore you sell or at least a part.
full member
Activity: 322
Merit: 100
October 19, 2017, 05:13:51 PM
#45
this strategy seems very good, the only thing here that is a factor really is your patience; as with any other trading strategy it makes sense on paper but in practice YOU are the determining factor. also you'd have to be very early to achieve those kinds of returns. good luck
full member
Activity: 192
Merit: 100
October 19, 2017, 04:53:47 PM
#44
1000x? damn, good luck with that.
jr. member
Activity: 126
Merit: 1
October 19, 2017, 04:50:03 PM
#43
Your plan might actually work if the coin you are holding can be rising like that. Though holding is the best form of trading strategy but requires lots of patience.
full member
Activity: 504
Merit: 107
A non technical guy in a technical world
October 19, 2017, 04:04:18 PM
#42
And what is this equation you speak if.? I have not found a standard like you imply there is
full member
Activity: 532
Merit: 101
October 03, 2017, 02:52:54 AM
#41
The question is when to sell of course. Because eventually you do have to sell something to realize any profits. My strategy is outlined below, let me know what you think and feel free to share yours. Mine has not been tested as I'm still fairly new to trading and should not be taken as investment advice.
First and foremost, i only invest with money i can afford to lose and only into projects i have throughly researched.  What I plan to do is buy  and hodl until the price is 2X. Then sell half, essentially giving me back my initial investment, anything I sell afterward is pure profit.
I hodl again until  the price reaches 10X. Then sell 20%, giving me a 100% return on my investment again. This would be my first actual profit. I hodl again until the price reaches 100X. Then sell 20% again, giving me a 800% return on my investment.
 I hodl again until the price reaches 1000X. Then sell half my remaining balance, giving me a 1600% return on my investment
. At this point I would still retain 16% of my original balance and have recieved a 169X return overall on my investment. Obviously I would have to get in early on a coin/asset and still then wait years potentially to see the returns I want. I'd have my stop loss set at 75% of the orginal price until my first selling at 2X and 50% of the original price there after.

So that's my plan, how's it sound? Obviously I could hodl for the 1000X the entire time, but I feel this is a nice way to lock in some profit early while still holding for the long haul.

Im not good in trading yet but I want to learn more to have more profit.Im just earning on my salaries on this job.I'll hold my salary if I dont need it.But if I need it I have to sell it but atleast I have bitcoin to sold anytime I need.
Holding is the best way for having a good amount of earnings and profit at the end. I consider of holding of Bitcoin as the best option especially for the ones who don’t have enough time and knowledge to trade. Trading is another good option but for that you need to be very much skillful and it needs a lot of time.
legendary
Activity: 2413
Merit: 1003
September 28, 2017, 06:16:20 AM
#40
the "I take my initial investment out, everything now is profit" aproach is actualy more common for HYIPs, where you never know when you will have a 100% loss. In finance world it's more commom to move the stoploss to breakeven > everything now is profit
sr. member
Activity: 882
Merit: 269
September 28, 2017, 05:16:28 AM
#39
I have no basic percentage of profit before sell my coins I do follow signal from candlestick indicators to know if I should sell or hold and this has been working for me to some degree of success. I do always load the coins I have invested on, some time every week or days and see if the candlestick has signal me to sell or holding ,  once I see pin bar or bearish morning star I have no any other options but to sell off the coins.
legendary
Activity: 3052
Merit: 1273
September 28, 2017, 03:32:45 AM
#38
So that's my plan, how's it sound? Obviously I could hodl for the 1000X the entire time, but I feel this is a nice way to lock in some profit early while still holding for the long haul.


Desire is the only thing that could make you hold or sell your coins. If you tend to make 1000x profit over an investment, you need extreme patience because it may take years to accomplish your goal of having something reached 1000x. Are you inclined towards just one single thing that you feel, may do a 1000x? Or are you interested in doing this like changing your investments every time you reach x times your profit goals? Because both may be risky as well as different returns would be there, but changing investment is a better option than sticking with something which may get outdated with time.
full member
Activity: 588
Merit: 100
September 28, 2017, 02:49:48 AM
#37
The question is when to sell of course. Because eventually you do have to sell something to realize any profits. My strategy is outlined below, let me know what you think and feel free to share yours. Mine has not been tested as I'm still fairly new to trading and should not be taken as investment advice.
First and foremost, i only invest with money i can afford to lose and only into projects i have throughly researched.  What I plan to do is buy  and hodl until the price is 2X. Then sell half, essentially giving me back my initial investment, anything I sell afterward is pure profit.
I hodl again until  the price reaches 10X. Then sell 20%, giving me a 100% return on my investment again. This would be my first actual profit. I hodl again until the price reaches 100X. Then sell 20% again, giving me a 800% return on my investment.
 I hodl again until the price reaches 1000X. Then sell half my remaining balance, giving me a 1600% return on my investment
. At this point I would still retain 16% of my original balance and have recieved a 169X return overall on my investment. Obviously I would have to get in early on a coin/asset and still then wait years potentially to see the returns I want. I'd have my stop loss set at 75% of the orginal price until my first selling at 2X and 50% of the original price there after.

So that's my plan, how's it sound? Obviously I could hodl for the 1000X the entire time, but I feel this is a nice way to lock in some profit early while still holding for the long haul.

Im not good in trading yet but I want to learn more to have more profit.Im just earning on my salaries on this job.I'll hold my salary if I dont need it.But if I need it I have to sell it but atleast I have bitcoin to sold anytime I need.
legendary
Activity: 3346
Merit: 1128
September 28, 2017, 02:36:58 AM
#36
For someone who doesn’t really have much trading knowledge and want to play safe, it is a perfect idea and plan. However, this is for someone who really wants to hodl for a very long term and doesn’t intend to take advantage of the daily movement of the currencies.

If you feel you cannot take much risk more than this, I see no reason why you should not stick to this. However, you should consider the fact that the price may not really increase for long and may even reduce or even get strapped out.
sr. member
Activity: 546
Merit: 250
September 19, 2017, 11:01:48 PM
#35
The question is when to sell of course. Because eventually you do have to sell something to realize any profits. My strategy is outlined below, let me know what you think and feel free to share yours. Mine has not been tested as I'm still fairly new to trading and should not be taken as investment advice.
First and foremost, i only invest with money i can afford to lose and only into projects i have throughly researched.  What I plan to do is buy  and hodl until the price is 2X. Then sell half, essentially giving me back my initial investment, anything I sell afterward is pure profit.
I hodl again until  the price reaches 10X. Then sell 20%, giving me a 100% return on my investment again. This would be my first actual profit. I hodl again until the price reaches 100X. Then sell 20% again, giving me a 800% return on my investment.
 I hodl again until the price reaches 1000X. Then sell half my remaining balance, giving me a 1600% return on my investment. At this point I would still retain 16% of my original balance and have recieved a 169X return overall on my investment. Obviously I would have to get in early on a coin/asset and still then wait years potentially to see the returns I want. I'd have my stop loss set at 75% of the orginal price until my first selling at 2X and 50% of the original price there after.

So that's my plan, how's it sound? Obviously I could hodl for the 1000X the entire time, but I feel this is a nice way to lock in some profit early while still holding for the long haul.

I think your speculation about hold is true, but if I see you keep talking about very high profits like 100% or more, and I have not experienced it here. so can you convince me that it will really happen?

I think is a common strategy for beginners but its up to you. Along the way you will discover changes and other indirect profit that you really could have. Plus the projectile in this plan is in a long term like really years and there will come a time where you will think you will spend money and add money to something you think that will add to the profit.
sr. member
Activity: 616
Merit: 250
September 19, 2017, 10:21:47 PM
#34
The question is when to sell of course. Because eventually you do have to sell something to realize any profits. My strategy is outlined below, let me know what you think and feel free to share yours. Mine has not been tested as I'm still fairly new to trading and should not be taken as investment advice.
First and foremost, i only invest with money i can afford to lose and only into projects i have throughly researched.  What I plan to do is buy  and hodl until the price is 2X. Then sell half, essentially giving me back my initial investment, anything I sell afterward is pure profit.
I hodl again until  the price reaches 10X. Then sell 20%, giving me a 100% return on my investment again. This would be my first actual profit. I hodl again until the price reaches 100X. Then sell 20% again, giving me a 800% return on my investment.
 I hodl again until the price reaches 1000X. Then sell half my remaining balance, giving me a 1600% return on my investment. At this point I would still retain 16% of my original balance and have recieved a 169X return overall on my investment. Obviously I would have to get in early on a coin/asset and still then wait years potentially to see the returns I want. I'd have my stop loss set at 75% of the orginal price until my first selling at 2X and 50% of the original price there after.

So that's my plan, how's it sound? Obviously I could hodl for the 1000X the entire time, but I feel this is a nice way to lock in some profit early while still holding for the long haul.

I think your speculation about hold is true, but if I see you keep talking about very high profits like 100% or more, and I have not experienced it here. so can you convince me that it will really happen?
copper member
Activity: 560
Merit: 253
September 19, 2017, 03:06:04 PM
#33
The question is when to sell of course. Because eventually you do have to sell something to realize any profits. My strategy is outlined below, let me know what you think and feel free to share yours. Mine has not been tested as I'm still fairly new to trading and should not be taken as investment advice.
First and foremost, i only invest with money i can afford to lose and only into projects i have throughly researched.  What I plan to do is buy  and hodl until the price is 2X. Then sell half, essentially giving me back my initial investment, anything I sell afterward is pure profit.
I hodl again until  the price reaches 10X. Then sell 20%, giving me a 100% return on my investment again. This would be my first actual profit. I hodl again until the price reaches 100X. Then sell 20% again, giving me a 800% return on my investment.
 I hodl again until the price reaches 1000X. Then sell half my remaining balance, giving me a 1600% return on my investment. At this point I would still retain 16% of my original balance and have recieved a 169X return overall on my investment. Obviously I would have to get in early on a coin/asset and still then wait years potentially to see the returns I want. I'd have my stop loss set at 75% of the orginal price until my first selling at 2X and 50% of the original price there after.

So that's my plan, how's it sound? Obviously I could hodl for the 1000X the entire time, but I feel this is a nice way to lock in some profit early while still holding for the long haul.

That sounds like a good plan but I don't think you will be able to achieve it. For how long are you willing to hold?, that sounds like a thousand years, to reach 1000X profit. But anyway good luck, I would advice you to buy when the value is high and sell when its low. You will quick make profit and thank me later. Cool
full member
Activity: 504
Merit: 107
A non technical guy in a technical world
September 19, 2017, 10:13:57 AM
#32
From my OP and your quote:
 I'd have my stop loss set at 75% of the original price until my first selling at 2X and 50% of the original price there after.
As for research, how does anyone truly know that they are right? All I can do is learn from others mistakes and success shared. At least until I have my own experiences. And I'll be ok, I follow the first rule of investing and trading. "Don't invest what you can't afford to lose."

I'm going to try this with Electroneum, token sale going on now. Here's a link if you want to know more about it. Good vibes everyone!
 https://my.electroneum.com/join/2835EE   
hero member
Activity: 1065
Merit: 510
September 19, 2017, 10:09:22 AM
#31
Oh! you have so much patience in the matter of profits. Being true,i have never got 2x from my investments till yet.
I hold and then sell when i see i have accumulated 15%-20 profit.Similarly half of my base amount remains there. I have no policy designed to achieve a major return.
When it comes on trading bitcoin then small percentage of profits would really just do already for me as long i do see its on positive side but if it would be on negative then hodling would be the other action and when it  comes on other coins then i did really experience to have 10x max on my investment which is really good since you can able to use those profits on other coins too which you do believe to rise too.This thing does depend on traders preference though.
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