The Official Crypto Thread

[sh00ter]

If there is already one of these threads, please link it. Otherwise, I'll start with the first question...what is your investment strategy?

Do you DCA for the long term only, or do you swing trade? Please elaborate as much as possible on your specific strategy(ies)

I have some bags that I'm way in the red so I have to hold them until they again reach ATH; to reduce the overall cost, for some of them that are blue chips, I continue to DCA into them to lower the avg price and I will no longer ride the waves once I have an exit.

Ultimately, I would like to have a long term portfolio and a swing trade portfolio, but I feel like I really need to have my exit first and start over. I do some small swing trades now though since the market is way down and anything you buy is bound to go up in days, weeks or months.

What are you rules for taking profit, stop losses, DCA, etc?

 

[kd5rjz]

I've made some money over the years mining, but I couldn't imagine actually purchasing crypto. Unless some market started selling puts, I would buy some of those.

 

[sh00ter]

I've made some money over the years mining, but I couldn't imagine actually purchasing crypto. Unless some market started selling puts, I would buy some of those.

I'm not an expert on puts but isn't that related to shorts? If so, there are various exchanges that support more advanced trading options.

 

[sh00ter]

Looks like Doge pumped again some due to Elon

 

[Speedrat]

I'm new to crypto and have make a few bucks playing in it. I have some that I'm holding till it moons, lol. I've gotten lucky on one I'm in now, it launched, I made money, pulled my initial investment plus a small profit and playing on their money now.

 

[sh00ter]

I'm new to crypto and have make a few bucks playing in it. I have some that I'm holding till it moons, lol. I've gotten lucky on one I'm in now, it launched, I made money, pulled my initial investment plus a small profit and playing on their money now.

Yeah that's a good way to do it...I have paused on launches though due to all the bots and professional traders. I had a few that worked out though so when the bull market returns I might try again on those small cap launches. For now I'm only doing DCA a few blue chip coins to accumulate them while the price is down, and then holding a lot that I'll have to wait until a return to ATH to get out of them. This is defintely a learing experience and I wish I know what I know now last year. I was up on many coins and should have sold them.