$204,279.83 in one year investing in the top 10 Cryptocurrencies!


#41

I am running an experiment on one and hodling in the other.
my hodl is BTC and Exodus and right now I am stashing away in that for 1 btc and adding LTC as I can.
the other is my exchange portfolio. in that on I am working on refining my trading strategy and discipline my self to follow it and the thing I am doing there is taking minimal currently less than $100 and trading up to 1 full btc. This is slow as I typically look to take 3-5% per trade. I do have some longer term in that portfolio like NEO, and I have an out point set for them and I will pick the up a gain at a lower price.

Disclaimer: dont follow this as trading advice and understand I am trying things I would not recommend to others.


#42

Love this post! I have really been forced to realize that I make a much better HODLer too. Thanks for being here and contributing brother. HODL on!


#43

Great idea about buying ETH instead of BTC.

I wanted to get a TenX card the other day, but the fee’s of transferring the BTC from Coinbase to the TenX site were almost 1/3(!!!) of the cost of the card.

From now on I think I’ll just buy ETH if I’m looking at getting an Altcoin.


#44

@jamesbrooks & @mwlang You both inspired me to make a back tester spreadsheet.
It definitely supports your statements. Invest & HODL!!

EDIT: Moved to documents category.

If anyone wants a copy, I’ll share it here via Google Sheets:


#45

Awesome. Can you also put this in the documents ategory on a new thread and explain in simple terms how to use it for our cryptonation??? Thanks in advance!


#46

Sounds like a plan. I’ll do it now


HODL Back Tester Google Spreadsheet
#47

It seems to mess up after you go higher than 4 in the N coins column.
4 = 4 coins
5 = 7 coins
6 = 8 coins
7 = 9 coins and so on…

image


#48

Hi @Piranhi
I made changes…try grabbing it again.

If your week span is a couple weeks or more, you will have several unique coins since the formula assumes investing over multiple weeks


#49

Thanks man! Excellent!


#50

Such an eye opener and another reason as to why it is so important to diversify even if it means small amounts being spread.


#51

@cryptobrad I’m pretty sure that you are the MAN!

Heck yeah, @moongoals!


#52

highlighted you in todays stream :slight_smile:


#53

Moi? I was watching for most of it


#54

Let’s say you did this - would you hold it all in secure wallets or leave it on exchanges?


#55

And how would you determine goals for each coin? In the weekly top10, there are a lot of smaller coins that are going through a pump&dump. How do you determine wether to go for 1x, 2x, or more?


#56

I think the idea is your strategy is HODL. Buy>>store>>wait>>celebrate


#57

Maybe #peter should make 1 of those funds for us and we give him 1 BTC or whatever and let him run the investment for 1 year.

You reckon its a great idea?


#58

I would definitely NOT leave it on an exchange. Where possible I would store in a hardware wallet for the HODL! Trezor or Ledger Nano.

Hope that helps, @GlobalLocal


#59

@Racolini LOL - it’s a nice idea in theory - but imagine the difficult position it would put poor @peter in - pressure, much?


#60

Thanks @jamesbrooks. I’m going to be putting.that theory to practice :slight_smile: