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Author Topic: Strategy for portfolio growth apart from DCA or Holding.  (Read 99 times)
Cryptoababe (OP)
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August 17, 2024, 07:55:49 PM
 #1

I've seen lots of people predicting BTC to go below 57k and ETH to go below 2600 before an upward movement. So, it happened as predicted, but many people still sold below 57k, even at a loss.

For me, I'm holding, and I've been wondering where I can make these assets useful, either by staking or adding to liquidity to earn a reasonable APR. Especially BTC, ETH, and SOL, because I expect at least a 2-3x return from these coins. So, apart from buying more, I'm looking for ways to utilize them.

I would appreciate any suggestions or opinions.

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August 17, 2024, 08:13:17 PM
 #2

I've seen lots of people predicting BTC to go below 57k and ETH to go below 2600 before an upward movement. So, it happened as predicted, but many people still sold below 57k, even at a loss.

For me, I'm holding, and I've been wondering where I can make these assets useful, either by staking or adding to liquidity to earn a reasonable APR. Especially BTC, ETH, and SOL, because I expect at least a 2-3x return from these coins. So, apart from buying more, I'm looking for ways to utilize them.

I would appreciate any suggestions or opinions.

Buy the dip, this is what i can give as suggestion, i wont tell you to go on trading or engaged on arbitrage, if you can buy the dip then its not bad for a start, also, many are using DCA and the holding pattern to make profits or return on investment, if you can do so as well, this same pattern is not bad, many have relied so much on it and were getting the results form it, other patter or strategies may involves taking high risk which you may lose your money on them.
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August 17, 2024, 08:16:18 PM
 #3

I've seen lots of people predicting BTC to go below 57k and ETH to go below 2600 before an upward movement. So, it happened as predicted, but many people still sold below 57k, even at a loss.

For me, I'm holding, and I've been wondering where I can make these assets useful, either by staking or adding to liquidity to earn a reasonable APR. Especially BTC, ETH, and SOL, because I expect at least a 2-3x return from these coins. So, apart from buying more, I'm looking for ways to utilize them.

I would appreciate any suggestions or opinions.

Buy the dip, this is what i can give as suggestion, i wont tell you to go on trading or engaged on arbitrage, if you can buy the dip then its not bad for a start, also, many are using DCA and the holding pattern to make profits or return on investment, if you can do so as well, this same pattern is not bad, many have relied so much on it and were getting the results form it, other patter or strategies may involves taking high risk which you may lose your money on them.

Sometimes the dip-strat, so to speak, fails because the dip can go dipping further, thus the dip would become a double dip of sorts, meaning you are locking up your investments for sure for quite a while Grin DCA is really gud if you don't want the nerves wasted, asides from that, heard about using stochastic RSI, but I didn't invest my time yet to see how to work with it.

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August 17, 2024, 09:36:48 PM
 #4

Instead of looking for ways to risk your bitcoin holding more by either transferring to a no custodial wallet to stake them, u think it better to just hold the bitcoin or ethereum in your personal wallet and for a long term, at least with that, you are sure of the security and control of your investment and whatever come from the market, your asset is still in your control, but once you have them transferred to be staked, you may run into issues along the way.

Sometimes I only DCA when I want to fill up the bag, but aside from that, I don't easily move my coins around and rather I prefereto gain along with the market no matter how small the growth could be at any point.

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August 17, 2024, 10:59:32 PM
 #5

I don't know of any platform offering incentives in terms of APR/APY for staking but when it comes to Ethereum, there are tons of options due to the presence of heavy DeFi activity over there. Since your primary goal is to just hold your tokens and possibly get some incentives out of your idled assets. On the other hand. You can DCA as well if you're overall good is ti amass as much coins as possible.

If I was in such a situation and I had to make a choice, I would just DCA my Bitcoin and put my ETH tokens to work at some really good defi platform that has been audited and incentive /economy model vetted.

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August 18, 2024, 02:45:01 AM
 #6

I think if you're not bothered with the risk of staking you're already doing well.

there really is not much ways to grow your portfolio other than just staking and liquidity providing though as far as I can see, but I guess lending and investing into Principal Token in pendle platform could also be a good way to earn money since it's relatively less risk and you just need to wait until the PT token matured and get some APY out of it.
but I advise highly to see on the risk involved as well.

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Iamcrypticguy
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August 18, 2024, 06:51:41 AM
 #7

I've seen lots of people predicting BTC to go below 57k and ETH to go below 2600 before an upward movement. So, it happened as predicted, but many people still sold below 57k, even at a loss.

For me, I'm holding, and I've been wondering where I can make these assets useful, either by staking or adding to liquidity to earn a reasonable APR. Especially BTC, ETH, and SOL, because I expect at least a 2-3x return from these coins. So, apart from buying more, I'm looking for ways to utilize them.

I would appreciate any suggestions or opinions.

Buy the dip, this is what i can give as suggestion, i wont tell you to go on trading or engaged on arbitrage, if you can buy the dip then its not bad for a start, also, many are using DCA and the holding pattern to make profits or return on investment, if you can do so as well, this same pattern is not bad, many have relied so much on it and were getting the results form it, other patter or strategies may involves taking high risk which you may lose your money on them.

Without sufficient knowledge of technical analysis. Buying the dip won't suffice. He should learn basic support and resistance points before attempting to buy the dips..
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August 18, 2024, 06:55:37 AM
 #8

I've seen lots of people predicting BTC to go below 57k and ETH to go below 2600 before an upward movement. So, it happened as predicted, but many people still sold below 57k, even at a loss.

For me, I'm holding, and I've been wondering where I can make these assets useful, either by staking or adding to liquidity to earn a reasonable APR. Especially BTC, ETH, and SOL, because I expect at least a 2-3x return from these coins. So, apart from buying more, I'm looking for ways to utilize them.

I would appreciate any suggestions or opinions.

It's actually advisable to stake during the bull season.. but if you think the market is better, then I'll suggest you explore this offer. Standing btc/eth gets you bgb.here might be a good bet.
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August 18, 2024, 07:30:10 AM
 #9

If you exclude DCA or Holding, the only strategy for you is to accumulate more Bitcoin with each correction, then you will wait for every time Bitcoin drops by 10% or more to buy more and so on, and when the price rises, you sell and buy again after a correction of 60% to 80%.

As for the short term, you have no choice but to trade and learn technical and fundamental analysis.

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August 18, 2024, 08:16:12 AM
 #10

I've seen lots of people predicting BTC to go below 57k and ETH to go below 2600 before an upward movement. So, it happened as predicted, but many people still sold below 57k, even at a loss.

For me, I'm holding, and I've been wondering where I can make these assets useful, either by staking or adding to liquidity to earn a reasonable APR. Especially BTC, ETH, and SOL, because I expect at least a 2-3x return from these coins. So, apart from buying more, I'm looking for ways to utilize them.

I would appreciate any suggestions or opinions.

It's either for you to do staking and chooses which crypto to put your money with, or just go trading. The latter though might be difficult to do so as it will take a lot of your time to learn technical analysis and obviously you need money, although you can start small but it's going to be a trial and period and like a experiment so it's not a guarantee that you are going to profit.

So it's not going to be very easy, even though others seems to picture it like that, it's otherwise. Now, it's up to you on what strategy you want to go and you also have to think that it wouldn't complicate things on your end so that it won't stress you.

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August 18, 2024, 11:57:24 AM
 #11

~
I think outside of buying more that's pretty much your only options? I mean if you're already set I don't think there's any reason why you should try to go for more, pretty sure what you have right now is more than enough. If you wanted more, I'd suggest looking/finding more investment opportunities in other coins (or outside of crypto) than pushing for more through the coins that you currently have.

If you really really wanted to use your coins, then I guess trading could be possible? But I'd much rather just let my coins sit than paly around there really.

 
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August 18, 2024, 01:22:27 PM
 #12

Instead of looking for ways to risk your bitcoin holding more by either transferring to a no custodial wallet to stake them, u think it better to just hold the bitcoin or ethereum in your personal wallet and for a long term, at least with that, you are sure of the security and control of your investment and whatever come from the market, your asset is still in your control, but once you have them transferred to be staked, you may run into issues along the way.
If OP really wants to do other things with his/her funds, I would recommend to have a separate fund from the ones you are holding. Even staking has its risks. Liquidity might be an issue you may encounter as well as market fluctuations. It’s better to just hold what you want to hold and if you really want to do other things with your money then keep it separate.
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Sometimes I only DCA when I want to fill up the bag, but aside from that, I don't easily move my coins around and rather I prefereto gain along with the market no matter how small the growth could be at any point.
Same here. I hold because it is relatively safer and I do not need to be always worrying about it. If I wanted to stake or trade, I would use a different money for that.

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Casdinyard
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August 18, 2024, 11:05:07 PM
 #13

Strategically buying your cryptocurrencies and in my opinion matching it against a different asset or a crypto allowed me to quickly accumulate profits in a short span of time, in my case, every time I buy any crypto, I make sure to invest the same amount of money on gold and other tangible assets. This diversifies my portfolio from the get-go, and ensures that I have a stake in multiple facets which makes me virtually immune to dumps and crashes.

Another thing I could suggest to you for portfolio growing is to take more time to research about the market. It's not enough that you know which coins are hot right now and which ones aren't. You have to also know why those coins are big, which sector they fall in, and what other coins under that sector pumps and how good they fare against the rest of the market. This is something that many expert investors do to maximize their profits and make the most out of the sectors that pop off during bull seasons, even before it does pop off.

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shinratensei_
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August 19, 2024, 03:02:07 AM
 #14

Try to find a new blockchain that offers airdrop campaign by staking or providing liquidity, also adding LP to a new defi project could also yield quite good, you can get their token and convert it immediately to ETH or BTC.

but the thing is, competition is fierce and it's risky trusting new project since the platform more likely to be still in testing phase.

just like how in scroll, basically you just keeping asset in scroll already earns you allocation for airdrop but we still don't know whether it's worth the risk or not and if i have good amount of btc and eth as my asset, i won't risk it.

as many other said, DCA already yield enough profit for most of the people.

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August 19, 2024, 11:49:52 AM
 #15

I've seen lots of people predicting BTC to go below 57k and ETH to go below 2600 before an upward movement. So, it happened as predicted, but many people still sold below 57k, even at a loss.

For me, I'm holding, and I've been wondering where I can make these assets useful, either by staking or adding to liquidity to earn a reasonable APR. Especially BTC, ETH, and SOL, because I expect at least a 2-3x return from these coins. So, apart from buying more, I'm looking for ways to utilize them.

I would appreciate any suggestions or opinions.
In which platform you are going to stake them? To be honest if the APRs are going to be around 1%-5%, I don't want to put that risk when you're holding a lot from your assets that you're going to deposit to an exchange, to a defi or any platform that you're losing your custody. It's not worth it believe me, you only have to hold it and you're okay with the gains that you'll gain through papers or when the value of those coins you're holding bounces back and the price goes up.

I know that you're looking for ways to increase it but remember that it is accompanied with risk and you have to entrust that to the platform where you think is trustworthy for those small APRs that you're going to get per year or depending on how long you're going to have it held there based on your plans. So, I'll just take the potential loss from the percentage of those APRs but I am happy holding my own assets without having to worry about these platforms if they'd be hacked, gets into another fiasco or bites the dust.

Nothing beats peace of mind on this market despite its volatility but you are holding your own money.

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August 20, 2024, 05:55:49 PM
 #16

Try to find a new blockchain that offers airdrop campaign by staking or providing liquidity, also adding LP to a new defi project could also yield quite good, you can get their token and convert it immediately to ETH or BTC.

but the thing is, competition is fierce and it's risky trusting new project since the platform more likely to be still in testing phase.

just like how in scroll, basically you just keeping asset in scroll already earns you allocation for airdrop but we still don't know whether it's worth the risk or not and if i have good amount of btc and eth as my asset, i won't risk it.

as many other said, DCA already yield enough profit for most of the people.
Risk is always there, although no doubt that the risk in newer projects is what we can say a bit higher but if it's only about the airdrops, then it is also possible to get free coins here or without risking any of our money. If we believe that the coin that we got from a new project or an airdrop is legit and has a good potential, then it's also a good idea to HODL them for a while, so that we can be able to maximize our profits.

Anyways, upon reading the OP's title earlier, the first thing or answer that came out through my head is by buying in bulk whenever there is a bear market or a sudden dip in its price. If apart from holding, then I'd say trading.

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