Post
Topic
Board Economics
Re: What is your best investment strategy?
by
Victorycoin
on 16/01/2017, 21:03:00 UTC
My investment strategy is very simple. I only buy and hold. When the price is low, I buy more.

Dayding is not what I like to do, because I think frequent trading is more difficult to get succeed for my crypto investments.
Yes like me, I will buying when the price is low and sell when the price is high. I very luck in some days ago, I sell 2 btc with the price reached $1,100. I predict that the price will go up again and I will buying for 3 btc. I will sell again if the price reach $1,000 or more.
A simple strategy no doubt, but how can one tell when a price is low or not because the volatile nature of Bitcoin makes so much more possible. The problem with buying at a supposed low price that eventually became a high price is that the holding might be for long before market price goes that way again. I will suggest the introduction of Bollinger Bands, RSI, Stochastic, etc to help spot ideal entry and exit prices.