Hello my fellow crypto-traders (my dearest souls). I want to share with you a very simple but powerful strategy. A strategy so simple that anybody can use with no knowledge or background in trading. After just reading this educational idea, you can use it forever and ever, or use it as a stepping stone to learn even more. Let's get started.
Here I want to share with you how you can look up your own coin, take a quick glance at the chart and prepare yourself to profit massively in the long run from it. For this strategy to work, you will need just a few basic ingredients.
1) You need to research a coin that you would like to HOLD for LONG and profit from. 2) Make sure the coin is at its lowest, or near its lowest point. 3) A coin with a real world use, a product and active developer team.
Now, here is how the strategy works.
For this example, I will be using Siacoin (SC).
1) The first thing is that this coin has a real product that people can use and has been in the market long enough. So I know it will still be here a year from now or more. Or at least that's the potential based on my research and past record of the coin.
2) Open this coin chart. You can set the time frame to 1Day or 1Week and zoom out. This will allow you to see the whole story, the bottom and the top. You can also add some indicators like MACD and RSI for fun. If you don't know how to use them, it is ok, but you should learn, because if you are going to be trading, knowing this will only result in an advantage for you.
For this example, Siacoin top was 0.00000838 on June 2017. The price is seating near bottom or at long time support at 0.00000050 in this example.
Now, long term coins with real world use product and an active developer team always tend to challenge its top price at least once a year. In this case, the difference between the bottom price and top is about 17x. That's your profit potential.
3) Start buying your coin. Anytime you can and every time you can, buy some of these coins. Build your stack and keep on buying. As an example, let's say you are going spend a total of $1,000. It is better to buy $50 every two weeks for 10 months, or $100 per month rather than $1,000 all at once. This is another strategy but I will tell you about it another time. You can also choose to buy all at once as you chose a coin that is already bottomed out. AND THAT'S IT.
Buy your coin and hold. Buy and hold.
At one point, you will see something really beautiful happen. News are going to be announced, upgrades are coming to the protocol, new products are going to be developed and released, and your coin value will explode. At this point, you already have the potential to earn 17x. But if the top is broken you can earn even more, way more. As 1 year can be equal 10 years in the crypto-world. On top of that, the Bitcoin price can also increase, giving you a double benefit on the earnings from your coin at the time you sell if that happens. You are to sell near the top, after the top is broken or when you feel comfortable with the amount of earnings that you have accumulated based on the amount of time and money you put into the coin.
The price swings will always happen and they don't matter. Just keep buying on every dip.
So all you have to do is research a coin. Something that you agree with, with real world use, a product, concept and developers team you like and start investing in it. In a few months time or more, you can make such a big gain from this coin following this strategy, that it can change your financial life. Everything just for a few minutes of your time and the ability to be able to widen your perspective and look at the long run. Short term is overrated, ask any professional trader.
And that is all. Hope you enjoyed this strategy, and you can even apply it to this very same coin.
NAMASTE.
Trade ist aktiv
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Ok, since I used this coin as an example, I might as well give an update.
I am not seeing any bullish signs of a breakout for now but maybe within a week or two we will have some good action.
After it takes off, we have to break 145 and 190 levels in order to go for a little trip to the moon.
Kommentar
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New strategy for beginners. This strategy can help you become a better trader. Hope you enjoy it.
Great educational post with full attention to my favorite coin. People get demotivated in holding SIA because it was thrashed so hard. But that's exactly the point, it gets trashed because market makers want a triple load of it to make huge profits a few months later. HODL and have patience! Act against your emotions, if you see something else pumping you're already too late. Don't sell this to chase a green candle somewhere else. It will turn red once you're in. HODL and witness what you have pump later. And use their product, being among the first people ever to build up a fully decentralized cloud feels great.
AlanSantana
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@TimDeleeuw, Great suggestions my friend. Thanks a lot for sharing them with us.
mybitcoinage
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Dear Alan (@alanmasters),
thank you. Reading your innitial strategies for newbies gives me a handrail. And I will come back to you the moment I will have payed back my loans. This is a promise. Not to you, but to myself.
(Besides: I'm in SC. With a tiny share. Just to find out the truth behind this longterm strategy. With one coin only. First.)
AlanSantana
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@mybitcoinage, Great approach. I respect that, as I respect that you made the promise to yourself, and mine.
With your high level of intelligence, self confidence and control, you will be a winner, when it comes to crypto-coins.
Namaste.
lastwish_42
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Hey,
Although I just started recently, I'm already a fan. Fantastic work, I went through most of your analysis of last week. It really helped me grab on quick. But still, there are some technical jargons and functionality (like what does break levels mean) that I don't understand. Do you recommend any guide for beginners which might help at understanding the graphs and interpret them better? Thank you Sensei.
AlanSantana
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@lastwish_42, Unfortunately I don't have one now. A break is when a trend is broken. If we are moving downward, for example, once we break a certain level the trend changes and we move forward, we call this a break (breakout / trend reversal).
I only have this for beginners for now, but I will work on something for people who need it like yourself: