Bitcoin Forum

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.

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.

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

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.

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.

https://hbr.org/resources/images/article_assets/2013/11/consumptionspreads.gif

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.

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.

You're wrong.  You can spend your coins (http://spendabit.co) 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.

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.

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.

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.

Thanks OP, easy plan there

I will try this with NEO right away

I think neo has had it's day. At least for a while. I remember when it was antshares and $1.73 in price. I kept saying I needed to buy when it dropped. It never did. Least til it hit $50

I'm transitioning from trading Bitcoins to holding Bitcoins because the price is getting too high and the fluctuations are getting too unpredictable. I traded Bitcoin for a while when the price was under $1000 and it seemed to work pretty well for a while.

The recent gains from $1000 to $5000 in a short period of time make it very hard to trade effectively. Some people may be able to do it successfully but I find that I miss the big increases if I sell too soon. I'm content to trade altcoins and hold Bitcoins. I'll just hold for long term and hope for at least a 10 fold increase in several years.

I have another the same problem. It's easier me to trade altcoin then Bitcoin.

Sounds like a plan to me, anyways we actually have the same plan on the first part when you said you'll buy and hold until the price increases twice then sell half of it which is to take the capital but we differ on the profit that is left, mine I just left it there and since the price of bitcoin and other altcoins are dropping eventually it isn't moving yet but I was planning to hold them for like 4-5 years and see how much they gained. Since I don't need the money yet then I guess it'll just stay there for a while.

Well, that depends on your target. Bitcoin can double it's price or even more. Some traders HODL bitcoin for years hoping that bitcoin could gain huge value in the future. Some expecting bitcoin price at $10,000.a piece. That's possible since bitcoin just doubled it's price this year. It's just drops because of actions of China and continuous sprewding FUDs against Bitcoin. Some are just day trade bitcoin because it's fluctuating a bit. They could easily get some $$$. Some are trading bitcoin from altcoin market to get more bitcoin and then HODL.

I HODL the coin or token that I specifically to have it in long term,
some coins are only for trading so I do not really HODL it.
I actually keep it for about 3-9 months but nt really HODL.

I think any coins are actually likely very good to HODL.

This is a great strategy if you could pull it off. The only issue is that, how certain are you that the coin you picked will reach up to 800% gains? I hope not, but who knows the coin you picked might just simply fall off coinmarketcap and become irrelevant after a year or so? That's why investing in cryptocurrencies always has a somewhat gambling aspect.

It's a pretty solid plan though. You just need to buy the right coins in the right time.


I'm not saying you shouldn't invest in bitcoin, but investing in certain altcoins has way more potential for bigger profits. It's just simply high risk high reward though.

hodling is a good enough for us to make big profit in the long term. i have many coins which i still save in my wallet from last years and i am not selling right now, at least i am waiting the next highest price. i think you can do your plan and you can expecting to make big profit too while i see your plan is good but you need to manage your emotion when somehow the price is suddenly down to deep.

we are seeing the price is up to 100% in a few months ago and in that time, altcoin is going to be party but suddenly, bitcoin price is up and altcoin is down again and not yet reach the highest price until now. i think when the time is come, altcoin will be party again and many of us is selling at the highest price.

I like your strategy, but you only talk if the price increases up to several times, I wonder what would you do if the price throws away? will you teus do hodl and ready to lose? or you will do cut lose?

That strategy would really works always keep on mine your target goal. Basically the success of a trader is based on the financial goals his looking up to but not all goals can be reached some becomes negative so it would be better to understand the flow of each coins and don't just stick to only one currency to be able to overcome losses.

Patience is really important. I am a trader and I want to improve my trading skill by developing my patience. I created many bad decision because I don't have enough patience.

Thank you OP for sharing your strategy. As someone new to crypto currency it is nice to read other people's thoughts.

I don't think I would have the patience to do all the trades you mentioned at such specific milestones and percentages, but I have written it down as an idea. At first I thought about simply buying during an ICO, holding long term and eventually selling for a good profit, but i do like the idea of selling half of what you purchased once the price is 2x in order to recover your original investment and not be at a loss . Then I can just HODL the remaining as a long term investment or work around the strategy you shared. Will probably be applying this soon!

I do HODL for most of the token that I am planning to keep it long term.
I dont care if price is dropping.
For some coin I do buy and sell, not HODL.
I think it is the best option to HODL,.... not to every of your coin you do HODL.

For sure what you have decided and you made a plan regarding it, seems so nice. The business things must be in control and you have to make a way for their better and straight movement. That is the bigger fear you are talking about, so better you are if you have found a strong solution to it.

Once I buy crypto, I just tell myself it money lost, so don't worry about it. Then when I cash out it feels like the damn lottery (a smart lottery)

I'm really more of a holder, because I believe in bitcoin, but I understand the need of getting some profit, just in case we are wrong.
But if you really want to trade, and I'm not saying that you plan is wrong, I don't understand why you are selling when the price is going up. I mean, if you are not planning on reentering the market, why you have so many exit points? You are assuming that the market will continue to move up, and you are planning on selling some, just to get some profit. But if your prediction is of such a positive trend, then you should just hold all the way through, and start slowly selling on a negative trend, and not on a positive trend (and this on not necessarily a loss, because the price could be dropping from a very long positive trend and from new highs).

Every trader has a style, I really like your trading concept. I guess i would try to do that. The trading style is very safe, and gives a higher profit. The only key is patience, HODL. Thanks for sharing.

Did you experience already to have a coin in your hand that reach 100X ROI?

This sounds perfect.


This may have a flaw. "Rinse and repeat" strategies sooner or later do fall. Of course, you're on profit and you afford that, but it's better to stop earlier.
First of all I'd start with a strategy for step 1 that stops earlier than 10x and gets the investment back without profit or small one. Like 5-6x and cash out 20%.

After this I'd make more tangible targets: buy this, buy that (car, property, name it). When the value of an asset grows beyond that keep a part of it as future investment and buy the thing you need.
This make sure you get some earning even before 100x.

If you diversify enough, this is already enough. 1000x is imho too big to be set as a target.

Ok. Let me play the "devil's advocate" and tell you why your plan might not be as good as you think. You said you are a newbie, how will you know if your research is good. Are you technically qualified to judge one project as good or bad?

What if you the coin you are holding does not go up but instead goes down?
 

It does not look like a sound plan because you are assuming that the coin you will be buying will only go up.

When it comes on trading bitcoin then small percentage of profits would really just do already for me as long i do see its on positive side but if it would be on negative then hodling would be the other action and when it  comes on other coins then i did really experience to have 10x max on my investment which is really good since you can able to use those profits on other coins too which you do believe to rise too.This thing does depend on traders preference though.

From my OP and your quote:
 I'd have my stop loss set at 75% of the original price until my first selling at 2X and 50% of the original price there after.
As for research, how does anyone truly know that they are right? All I can do is learn from others mistakes and success shared. At least until I have my own experiences. And I'll be ok, I follow the first rule of investing and trading. "Don't invest what you can't afford to lose."

I'm going to try this with Electroneum, token sale going on now. Here's a link if you want to know more about it. Good vibes everyone!
 https://my.electroneum.com/join/2835EE   

That sounds like a good plan but I don't think you will be able to achieve it. For how long are you willing to hold?, that sounds like a thousand years, to reach 1000X profit. But anyway good luck, I would advice you to buy when the value is high and sell when its low. You will quick make profit and thank me later. 8)

I think your speculation about hold is true, but if I see you keep talking about very high profits like 100% or more, and I have not experienced it here. so can you convince me that it will really happen?

I think is a common strategy for beginners but its up to you. Along the way you will discover changes and other indirect profit that you really could have. Plus the projectile in this plan is in a long term like really years and there will come a time where you will think you will spend money and add money to something you think that will add to the profit.

For someone who doesn’t really have much trading knowledge and want to play safe, it is a perfect idea and plan. However, this is for someone who really wants to hodl for a very long term and doesn’t intend to take advantage of the daily movement of the currencies.

If you feel you cannot take much risk more than this, I see no reason why you should not stick to this. However, you should consider the fact that the price may not really increase for long and may even reduce or even get strapped out.

Im not good in trading yet but I want to learn more to have more profit.Im just earning on my salaries on this job.I'll hold my salary if I dont need it.But if I need it I have to sell it but atleast I have bitcoin to sold anytime I need.

Desire is the only thing that could make you hold or sell your coins. If you tend to make 1000x profit over an investment, you need extreme patience because it may take years to accomplish your goal of having something reached 1000x. Are you inclined towards just one single thing that you feel, may do a 1000x? Or are you interested in doing this like changing your investments every time you reach x times your profit goals? Because both may be risky as well as different returns would be there, but changing investment is a better option than sticking with something which may get outdated with time.

I have no basic percentage of profit before sell my coins I do follow signal from candlestick indicators to know if I should sell or hold and this has been working for me to some degree of success. I do always load the coins I have invested on, some time every week or days and see if the candlestick has signal me to sell or holding ,  once I see pin bar or bearish morning star I have no any other options but to sell off the coins.

the "I take my initial investment out, everything now is profit" aproach is actualy more common for HYIPs, where you never know when you will have a 100% loss. In finance world it's more commom to move the stoploss to breakeven > everything now is profit

Holding is the best way for having a good amount of earnings and profit at the end. I consider of holding of Bitcoin as the best option especially for the ones who don’t have enough time and knowledge to trade. Trading is another good option but for that you need to be very much skillful and it needs a lot of time.

And what is this equation you speak if.? I have not found a standard like you imply there is

Your plan might actually work if the coin you are holding can be rising like that. Though holding is the best form of trading strategy but requires lots of patience.

1000x? damn, good luck with that.

this strategy seems very good, the only thing here that is a factor really is your patience; as with any other trading strategy it makes sense on paper but in practice YOU are the determining factor. also you'd have to be very early to achieve those kinds of returns. good luck

I think it is the easiest option for most people. Yes you can make more with trading but it takes a lot of time and knowledge.
When to sell is the hard question , i think when you don't feel comfortable holding anymore you sell or at least a part.

This question has already been answered a half dozen times over. There's a simple equation that you use when you're questioning holding. Everybody knows it there's no reason to ask yourself shouldn't be holding or should have ice be spending. Simply use the equation that all of the other traitors to and your question will be answered every single time.

You gave a wonderful HODLING technique. But we are in the bearish moment, where its very impossible to have a 2X to 100X profit. Lets see if Market would retrace by 2018. I heard 2018 is a very bearish period.

Is this strategy or dream.Yeah i know this seniario is very much possible with bitcoin if you have started on 2009-1012 era.
But right now lots of coins are just pum and dum coins and other than bitcoin almost no other coin have shown that much of stability.
My strategy  is daily basis i keep 1% growth everyday.
and that's my profit.

Most of the traders/investors do your strategy, setting limits and stick to it. I hope people that are new to cryptocurrency would read this because it will help them to achieve what they want which is profit and I also want them to rely on their guts and not on their emotions while seeing the price goes down.