FX TRADING STRATEGY
have made a number of early adopters extremely rich, but how long will this continue to work?
Who knows? If you can’t stomach having all your eggs
2) Hodl a diversified portfolio of coins
Tis is the same deal but over time you build up 20-30 different coins and let time take its course. Te good news is buying crypto is way cheaper than buying stocks. One Amazon share is over $1000, but you can buy $10 of any cryptocoin with your Bitcoins on an exchange like Bittrex for little cost.
Now you are protected from any one coin imploding, but of course you are not protected from the whole scene melting down.
With this diversified portfolio you simply BTFD amongst those coins and let time do its job.
3) Hodl +
Here you build up a diversified portfolio of high-risk coins. You try to find the next Bitcoin while it is new and cheap. You build up a portfolio of these on the
22 FX TRADER MAGAZINE January - March 2018
Tis is just like Hodl + but you watch your coins and if one explodes 3-400%
in one basket,
Bitcoin Hodl’ing is not for you, so find another strategy.
basis that it will go to the moon and make you rich. You buy and Hodl and add new coins as you spot them. You only need one $100 stake to go up 1000 times to make you smile. However, you have to spread your net very wide.
4) Hodl ++
Tat means even, and oſten especially, fools make a lot of money in a bull market, because a bull market makes everyone appear a genius.
Hodl++ works because this is a tremendous bull market.
Yet for now the bull market is running hot, so Hodl away, but remember you don’t win this game until your
you dump it immediately. My trick is to buy a three handle of a coin, let’s say 0.3 BTC or maybe 0.03 or even 0.003; the scale is up to your resources. When you scan down your holding and see a 1, as in 1 BTC, or .1, or 0.01 you know the coin has moved a lot and likely up 300%. You dump immediately. You harvest these coins as and when they pop. In this current market this is what small coins do. So you try to identify a candidate, buy a three handle of it and every day or two scan your holding for a huge jumper.
I also use my financial website to keep track of my long-term Hodls but for
profits are real, in the bank, taxed and probably back in fiat.
Even though Bitcoin may ‘go to the moon,’ fiat is going nowhere.
Clem Chambers Journalist and CEO of ADVFN
Author of “101 Ways to Pick Stock Market Winners”
Read our Book Review of Clem Chambers latest book: Trading Cryptocurrencies: A Beginner’s Guide - Bitcoin, Ethereum, Litecoin on page 65
little coins I still just keep track of them on an exchange. It has been a fantastic strategy for me and the list of successes is long.
However, always remember this classic stock market advice: Don’t confuse brains with a bull market.
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