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.
NEO (NEO)
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
Ripple (XRP)
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
Litecoin (LTC)
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 (XMR)
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
Stellar (XLM)
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.
