Quote from: Smeilz2017 on April 11, 2018, 07:45:20 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
This form is often applied for your trusted long-term coin/project. You can buy and wait until the market is saturated or when the trend becomes clearer. This is a true investment, constituting high risk and little chance of success. However, a good project will surely pay you back.

Hi, I think, the best way to safely capture the overall growth of cryptocurrency is to diversify and reap the benefits of growth from multiple coins.

thanks for your opinion. That's a good idea