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Title: What do to with my long-term alts? Just hodl or try to time the market? Post by: Vicrypt on December 12, 2017, 10:41:25 PM Hello Friends,
I have a question where I need a bit of professionals input. For example, IOTA, I bought at between 9k-11k sats .. it got nice rally and reached 44k sats. I was up 4.5x in BTC. I kept holding. And now it's down to 24k sats. Similar thing happened to me with Siacoin. My question is, what is best strategy in such cases? Should I just keep holding as per my original plan/target .. or sell when I am +2x in BTC .. and wait for it to dip for buy back? Even if I wouldn't sell at extreme peak and buy at extreme low .. I would still be able to at least make my IOTA 1.5 times of what I have now. (e.g. sell IOTA at 38k-40 and buy back at 26-28k) What you guys do? .. Do you use any software/service/bot to execute orders according to your predefined targets? Like sell whenever its +30% and buy back when it's down 20% .. or rise 40%. Please help. Ps. My major goal is to increase my BTC worth over time. Title: Re: What do to with my long-term alts? Just hodl or try to time the market? Post by: flippener on December 12, 2017, 11:17:22 PM I used to hodl and trade lots of alts. Nothing has gone up as fast for me as BTC though so I sold my alts to buy BTC. In many cases I lost money on the selling, but I don't regret it as my BTC holding has just kept going up.
Title: Re: What do to with my long-term alts? Just hodl or try to time the market? Post by: medsi2 on December 12, 2017, 11:21:58 PM I suggest you to do both holding and trading. I will give you an example.
Let's assume you invest 1000$ on in token A. A rise a lot and your investment now worth 5000$, then I would sell 1/5 of my holdings (so You will have your initial investment) and move on another token or keep it USD/BTC waiting to catch the dip and accumulate more token A. If the price fall -> you will have more token A If price doesn't fall -> you will have your investment back and "free" token A |