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Altcoin purchase and HODL strategy

cryptodolphin777

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I have been trying to research good, new, low-cost coins to invest in. I have been trying to purchase a small amount each day on a new coin. My strategy is to HODL that coin until it reaches 300% growth and at that point convert 1/3(my initial investment) back into BTC.

After that point, I am only HODLing coins that were only collected with profit. This way if that coin goes back to zero I do not lose any actual money. I think it is really important to know what that coin is about and believe in that coin. If the coin never reaches 300% at least I know that I am trying to support whatever that coin is trying to accomplish and won't feel too bad about the loss. What are your thoughts on investing this way?
 
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It seems there are still legit groups on Telegram then. I've been in a few, but they demand you deposit either ETh or BTC to get the airdrops.
And what this will help in Holding the crypto, are you discussing those airdrops which are helpful in holding? How many of the airdropped coins become real?
 
It seems there are still legit groups on Telegram then. I've been in a few, but they demand you deposit either ETh or BTC to get the airdrops.
The one that demands deposit arent legit and i ignore them so i would not be scammed , i mainly involve myself in the legit ones that don't demand deposit
 
Some times I get motivated when I see how people make money from airdrops but sincerely it is not easy to be reading the bulk chats on telegram for various airdrops.
 
The buy and hold strategy dont work for some coin , they dump on a huge note , till people get tired of investing in those coin ,and whales have more controls
I agree with you , some new coins that are listed first they rise and they are dumped immediately before they rise again but coins like BNB , bitcoin, litecoin etc can be held .
 
Some times I get motivated when I see how people make money from airdrops but sincerely it is not easy to be reading the bulk chats on telegram for various airdrops.
I think what they do is that they would leave the group chat of the airdrop platform ,after they have joined and make the money from the airdrop platform
 
I agree with you , some new coins that are listed first they rise and they are dumped immediately before they rise again but coins like BNB , bitcoin, litecoin etc can be held .
That's true, if you must hold new coins you should buy early and sell early or be ready to hold them for long till they recover because they are usually dumped.
 
That's true, if you must hold new coins you should buy early and sell early or be ready to hold them for long till they recover because they are usually dumped.
Yeah you are right on this but the best thing to always take note at any point in time,is for you to always buy at the dip ,for more profit
 
My new strategy is be more disciplined in Crypto currency trading by reading more about the coin I invest on and also to know reason for it bull run and bearish moment.
 
My new strategy is be more disciplined in Crypto currency trading by reading more about the coin I invest on and also to know reason for it bull run and bearish moment.
Yeah you need to study more on the coin , before making a move to invest ,because so many coins are on the fall and we have been expecting a rise ,,so make proper research
 
I don't know which kind of strategy it is. But it sounds like a novice to me. Even you hold coins and profit becomes 300% why don't you hold it little more. There is a market sentiment of buying that coin, you should hold that coin for even longer time.
 
Its not only limited to altcoin , you can try out with bitcoin. Proper analysis of coin along with the charts and some patience can make you successful in crypto trading.
 
Its not only limited to altcoin , you can try out with bitcoin. Proper analysis of coin along with the charts and some patience can make you successful in crypto trading.
This patience is huge at this moment because the dip is not funny though traders could still be making substantial profit via short trading.
 

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