Quote from: Zanuar003 on April 11, 2018, 05:28:54 AM

Quote from: Paul1991 on April 10, 2018, 02:29:43 AM

This is my strategy for coin holding, lets have a look and let me know what you think.

I will divide into 3 sub-strategies:

A. Holding until a certain target is reached
For example, you buy BTC at the price of $3,000 and will only sell when it reaches $15,000. This is the most basic, yet the least effective strategy. If the price goes up to $14,800 and then drops, maybe you will have to wait another year. Who knows?

B. Flexible holding:
This is, on the other side, the most effective strategy. This one gives priority to the amount of coin.To be specific, if you hold BTC, then your aim is to maximize the BTC amount you get. For example: You buy BTC at the price of $3,000 and sell when it increases to $4,500. Afterwards, use this money to get BTC, which is then priced at $4,000. Repeat the process again and again, and you can accumulate your BTC amount.
The key here is to remember: you are holding, not trading. Before deciding to sell at $4,500, you should be pretty sure that the price is gonna fall below that level in the time to come. It means that even if the price rises up to $10,000, but there is no sign of an upcoming decline (down to $9000, for example), then you shouldnt sell.
However, if the price is currently $6,000, and anticipated to fall to $5,000, then its worth selling.
So, the thing is: only sell if you can buy at a better price. In case the price goes up after you sell, please buy again, even at a higher price. Frequent performance of trading (buying and selling) is not encouraged to limit such cases. However, if you are sure about a future drop in price, you shouldnt miss the chance to rapidly increase your coin amount.

C. Long-term holding

I prefer flexible detention, because although the profits are smaller but the velocity of money is fast, compared to that particular targeted detention. the velocity of money will be slow even if materially it may be bigger, but it takes extra patience to do it.

I prefer long term investment because I believe that the longer you wait, the good chance of acquiring potential profit. Flexible holding could only make you tempted to sell your coins even for a low increase but still it is considered profit but it was not maximize at all. There is a high chance of gaining good profit if your investment preference is in long term where it might get doubled or tripled in the coming years.