HODL or Sell? My Experience HODLing
crypto·@davidmichael·
0.000 HBDHODL or Sell? My Experience HODLing
 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. https://s2.coinmarketcap.com/static/img/coins/32x32/1376.png 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 https://s2.coinmarketcap.com/static/img/coins/32x32/52.png 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 https://s2.coinmarketcap.com/static/img/coins/32x32/2.png 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 https://s2.coinmarketcap.com/static/img/coins/32x32/328.png 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 https://s2.coinmarketcap.com/static/img/coins/32x32/512.png 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.  
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