Topic: My answer to the big question of Hodling - page 3. (Read 1352 times)
You have a very good investment strategy and my advise to you is to stick to your plans and see if it is good for you and if it makes you to lose money then you can now change it. You should not go into trading without proper money management policy in place, many traders that ignores this policy has lose serious amount of money. My understanding of the market for the past few years is that the market has a mind of its own and it take serous study to follow its pattern and ways.
Your "strategy" is non-existent. You're simply relying on "greater fools" to keep buying with the intention of selling again for more fiat money, so that you can sell out before they do.
Um, that's pretty much what every single person here is doing even if they won't admit it in public.
It looks like a sound strategy in principle, though that certainty at 1000x returns shows the OP might have been spoilt by past performance. He'd have to be taking risks on stuff that looks like utter junk right now and I think the alt scene has become more established and mature.
2015 was the time to be doing this there were prime contenders that were still nowhere like Monero, XEM and ETH. Back then all alts looked potentially dead, even the ones with good plans and backing. Now a lot of that has come to fruition and the dregs are still where they belong, though no doubt there are some huge risers hiding.
The pulling out half at the doubling is the important bit, everything else will be gravy.
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.
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 a perfect plan to start from, sadly it may take long to reach 2x the price you bought it at, that being said you should try to buy and sell arbitrage while the price fluctuate.
eventually you do have to sell something to realize any profits.
You're wrong. You can spend your coins at many different merchants. Of course you're ignoring this because you're only in it to obtain fiat money, which is why BTC ends up being volatile.Your "strategy" is non-existent. You're simply relying on "greater fools" to keep buying with the intention of selling again for more fiat money, so that you can sell out before they do.
Sounds like a great plan. The real pain people feel when investing is losing their initial investment. So cashing that out and taking profits regularly means you are always in profit and ahead of the game. And you can always use some of your profits to buy the dips so that you always hold the same amount of coins.
I guess it is a good idea to take your profits when you can and that strategy makes sense, but the thing with something like bitcoin is, it is disruptive technology and it can go exponential at any given time, so you may sell following your strategy, get your gains secured, but then you wake up next morning to a new paradigm and the price has gone mooning bigly.
As you see, adoption curves for disruptive technologies are exponential. It may take years to get anywhere, but once it starts getting traction the rise is massive. We are not there yet with crypto at all.
As you see, adoption curves for disruptive technologies are exponential. It may take years to get anywhere, but once it starts getting traction the rise is massive. We are not there yet with crypto at all.
Every crypto investor has same options as stock investor has. Either to keep your investment and raise your wealth or to sell them on difference and realize profit.
You know Buffet? He always hold his investment and eventually become one of the richest person on Earth. Profit doesn't matter to him, all matters to him is increase in wealth with increase in value of stocks.
So it depends upon what's your priority with your investments. I personally sell my investments very rarely and mostly keep them till moon.
You know Buffet? He always hold his investment and eventually become one of the richest person on Earth. Profit doesn't matter to him, all matters to him is increase in wealth with increase in value of stocks.
So it depends upon what's your priority with your investments. I personally sell my investments very rarely and mostly keep them till moon.
Nice. I'm also currently looking for wealth management strategies.
What I planned on doing is:
1. wait until it doubles at least
2. sell 50% (25% are reinvested in something new and the other 25% are put onto a saving wallet)
3. The remaining assets (50%) grow until I decide to sell them
What I planned on doing is:
1. wait until it doubles at least
2. sell 50% (25% are reinvested in something new and the other 25% are put onto a saving wallet)
3. The remaining assets (50%) grow until I decide to sell them
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.
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.
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.
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.
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