This is for people who may have weak hands (afraid to hold for a long time due to price fluctuation). Or for investors who just want to hold and forget for 6 months to a year. I wrote this on March 20th 2018 so the current price I have listed may be different.
When I buy a coin or token I figure out how much I can afford to spend based on risk determined by my analysis of the coin or token. Always do your own research (DYOR). I often invest more but I never invest less then $1,000 per coin or token. Investing anything less makes me mad at myself for not investing more when it enters a bull market.
When I buy a coin or token I buy some to HODL and some to sell, I will sell the next time it goes parabolic or to the moon. After the coin moons I always take out my initial investment and some profit. A good investor will always take out his or her initial investment. Develop a smart investment plan and stick to it. After getting your initial investment back you are free to HODL as long as you wish.
I have been holding Bitcoin since 2012 so I wont count it in my list. My HODLing of Bitcoin is the only reason I can afford to invest in other cryptocurancies. I will only provide a short simple explanation of the coin or token so if you have any questions about one ask in the comments.
Below is a list of my top five holds less than one year old. All numbers are rounded up, for example .18 to .20 and 9,800 to 10,000.
Similar to Ethereum, Neo is a coin that offers smart contracts and allows you to make your own token. While holding Neo you earn a second coin called Gas with out having to stake any coins.
Buy Date: 4/28/2017
Price Paid: .20
Amount spent: $1,000
Amount of Coins: 5,000
This coin mooned a couple months later but I didn't sell, I liked earning GAS. I ended up selling 1,000 NEO on Christmas day 2017 for about $60 per coin. $59,000 profit for holding for 8 months and I still have 4,000 NEO that ears free GAS everyday.
Current Price: $70
Amount of free coins: 4,000
Current Value: $ 280,000
Amount of free gas: Endless
HODL Time: 2 years or $1,500 per coin
I told my self I would never buy XRP because of the amount of coins and because it is centralized. I kept watching it and more banks starting joining, it kept going up in price and I had all that NEO money so I bought some.
Date: 5/20/2017
price Paid: .15
Amount Spent: $5,000
Amount of Coins: 33,330
I sold 5000 XRP at about $3.00 while it was mooning, it ended up hit an all time high of $3.80. I sold 5300 at $3.00 on its way down. My plan was to HODL to $5.00 but it got so close so fast I had to sell. $30,900 profit in about 5 months holding.
Current Price: .70
Amount of Free Coins: 20,000
Current Value: $14,000
HODL time: 5 years or $10.00 per coin
I have been buying, selling, HODLing and using Litecoin for years. Bitcoin is gold Litecoin is silver. I believe the founder of Litecoin, Charlie Lee is a good person. Everything he owns he bought or mined he didn't do an ICO or give himself millions of coins. I am a big Litecoin fan and used it as money for many years. I bought some to HODL this year so I will include it here.
Date Bought: 4/12/2017
Amount spent: $2,000
Coin price: $10
Amount of coins: 200
I sold half of my Litecoin February 23rd for $215 for a profit of $43,000.
Current Price: $160
Amount of Free Coins: 100
Current Value: $16,000
Time I will HODL: 2 years or $500 per coin
Monero is a privacy coin and crypto enthusiasts love their privacy.
Date Bought: 4/19/2017
Amount spent: $1000
Coin price: $20
Amount of coins: 50
I sold half of my Monero at $400 January 10th, 2018 for $9,000 profit .
Current Price: $200
Amount of Free Coins: 25
Current Value: $5,000
Time I will HODL: 2 years or $1,000 per coin
My last coin is my top earner. Stellar is a decentralized version of Ripple created by the Ripple co-founder. I bought this coin before ripple because I liked the Ripple concept but am a strong believer in decentralization.
Date Bought: 4/13/2017
Amount spent: $1000
Coin price: $.0025
Amount of coins: 400,000
I sold 200,000 Stellar January 5th for .85 cents each and made a profit of $143,500.
Current Price: .24
Amount of Free Coins: 200,000
Current Value: $48,000
Time I will HODL: 4 years or $2.00 per coin
Have you noticed the pattern? When do I buy Coins and when do I sell them? I buy in the spring and sell in winter. I hold my leftover coins or bags for the next year. I own many free forks I got for free for HODLing, I will HODL free forks for at least two years.
The list above are the coins I profited from, I invested in 20 coins or token during 2017. I am not an expert investor, only 5 of my 20 coin or token investments made a profit. I will HODL my 15 bags hoping they will moon this year. I will not be making any purchases this year due to the amount of bags I am holding.
New to crypto? Join Coinbase with my link to get $10 of free bitcoin when you buy or sell $100 worth of Bitcoin.
https://www.coinbase.com/join/59b33aa1aebae700f22d7ebe
Legal Disclaimer:
I am not a financial adviser nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs.
