Many whales tell you about "HODL"; meanwhile, they continue to sell and buy as it fits their agenda. And often, their same strategy gets you to make money.
How does that so? The whales know where to invest. And most important of all, they know when to exit. That is one skill that we take years to learn. However, a lot of whales have learned that lot faster than us.
There is a reason why whales do lot better than average accounts on any blockchain. They market, promote, and exit at a pace that is extremely hard to match.
If that is so, how do we copy the whales?
Here's my view on how to spy the whales if not completely copy them in reality. So some of the options you can check it out below.
Invest into Giants
Let's face it. No matter what we say, bitcoin and Ethereum remain the giants. And investing into them does not goes to waste. If you play the cards right those investments continue to pay off in one way or another.
Investing into giants is what many whales do. They also know you need to hold into those coins in order for them to make money. So don't bother about being maximalist and plan your own exit rather than listening to them.
Invest into ROI Based Blockchains
Some blockchains can give you a good ROI if you know how to invest into them the right way and know when to take out the profit. A lot of blockchains that offer the ROI through staking, delegation can be used and invested into if you have enough funds to lock into.
Most of the whales have a lot of staking in various set of coins. Take hive for example, you would find them invested into it as well. They also know how to take out the profit lot better than average accounts regularly.
Plan the Exit
Most of the maximalists tell you to hold forever and never spend. Do not listen to that advice. Ignore it like religion. Plan your exit as in you got enough funds for the bike or car or real estate? Get out of the market.
Because you never know what could lead to the CBDCs destroying the crypto, which leads to more or less problems for your investment. You never know which coin would dip forever down and which one would rise.
Plan the exit and know when to ignore other people.
What do you think?
Do you think some of these approaches are what you could follow? Or something that would help learn from the whales? What are your suggestions?
I would appreciate the constructive criticism.