My husband has been in this game (though I prefer to think of it as a fight, to get rid of the old ledger based system) of crypto since 2010, not long after Bitcoin was introduced.
I've been learning, albeit slowly, and the more I've learned, the more exciting it has become to watch his predictions bear fruit.
When Bitcoin was still worth way less than a dollar he saw all the way to now. Unfortunately wallets were not what they are today, and I won't even tell you how much we lost from major hacks. Well, I should say what we would have made if not for major hacks, since most of the Bitcoins he originally acquired was through mining them. Suffice to say we would have been sitting very pretty.
But the past is the past, and thankfully things have changed. That doesn't mean there is no risk involved in such endeavors though, so always be aware of that when considering investments of any kind.
Below I have copy and pasted the email he sent out to some close friends and family, that he said I could go ahead and use in a post to help out the awesome friends I've made here.
So to my steemit family who choose to follow these tips, I look forward to toasting with you at this time next year ;)
source
Trading Strategy 9/1/2017 to 9/1/2018
Ok. Here is how I set up my trades year to year. I'm not telling you to do this, just sharing what I'm up to and why.
Remember, this is risky, you could suffer great losses or you could make great gains, but, as with all things, with great risk comes great rewards. Let's get started.
The game works like this:
1.] Make a list of 10 tokens for your portfolio that are likely to increase in value by a minimum of 10x in the next year. This takes some research, some gut feeling and a bit of luck. (my list is down below)
2.] Now, use 1 BTC (or whatever you're comfortable with) to seed the portfolio, buying each token chosen at the same ratio. For example, if you choose ten tokens, put 0.1 Bitcoin into each token.
3.] Now, we kick our portfolio into high gear by investing every week. I'm doing .030 per week.The .030 Bitcoin that's added each week to the portfolio is done by buying in the dips. For example, say 7 of your ten coins are up in value that week and three are down, you would split .01 Bitcoin among the three down tokens, buying evenly. The coins that have increased in value let ride until you see that they have made a pullback. Do this for the next three months. Choose one day a week and an exact time of that day to do this, this will give you the best dollar cost averaging.
4.] After three months of buying in the dips, HOLD everything till 9/1/2018. There is nothing more to do but watch your portfolio grow.
5.] On 9/1/2018, reassess everything. Sell or hold each token based on its year long performance and future expectation, and then recreate this trading style for the next year adding tokens and taking away old tokens as necessary to get to your 10 tokens; new trends will have emerged.
That's it! You can use whatever amount you have to start, and whatever amount you want to put in each week. The point is to get something in there, and then get your portfolio growing, Remember, once you buy a token you're going to hold it till 9/1/2018. DON'T SELL OFF ANY TOKENS NO MATTER HOW MUCH THEY'VE INCREASED OR DECREASED. That is the key to this style of investment working.
Now, what do you do with the 9 months between the last day of the 3 months of investing every week and the nine months till the tokens mature? What I do is start another ten token portfolio and do it all over again! This strategy will ensure that your risk is spread across a broad spectrum of ideas and concepts and tokens, and insures diversification. Also, after the one year date of your initial investment, you will (if you chose your tokens wisely and have a bit of luck on your side) have profit every three months thereafter. Win win!
How to Buy Bitcoin:
If you are wondering how to acquire BTC to invest with, these two platforms are easy to use:
Where to buy tokens:
Now, I use 2 different exchanges and 3 different platforms for acquiring tokens to spread out and mitigate risk:
Bittrex: https://bittrex.com
Hitbtc: https://hitbtc.com
Whenever possible, with tokens with working wallets, I use the following to convert BTC or ETH to the tokens I'm after and store them on my PC (never store your tokens on exchanges if it can be avoided!):
https://blocktrades.us/
https://changelly.com
https://shapeshift.io
My portfolio:
Now, I'll show you what tokens I have acquired and which trading platform to find them:
Bittrex:
STEEM
BAT
STRAT
ADX
CVC
LBC
PIVX
Hitbtc:
BQX
PLR
ZRX
All of these coins were chosen for various reasons, and I'm not going to break them down. But, you should be aware that heavy government regulation is on the way for any coin that is deemed a "security", and because of that, the exchanges will delist them and their value will disappear. It's not if this is going to happen, it's when.
Also, as regulation creeps in, there will be a migration from the well known coins (BTC, ETH etc.), to coins and platforms that offer anonymity. These facts, among other criteria, were kept in mind when choosing the tokens to acquire those listed above.
Where to store tokens:
Once you start acquiring your tokens you'll need a place to store them. As I said, some tokens will have their own wallets. You'll have to research how to use them. For others you can use one of these wallets below. They are my personal favorites:
Feel free to pass this e-mail on to anybody that is interested. Now, get to it, there's no time like the present to start making it a great day!
And, don't forget to buy me a beer, I'm thirsty:
BTC: 1LFoWdMN8wDMRC3nPhMxJXig7x2MxudhRm
ETH: 0xedBB4420c1A8055CEFEa20B0aC47a096A0c91C7f
All right guys, so that's it. Other than the pictures, the above was written and put together by my husband. Feel free to pose questions in the comment section.
To Ian, sorry about the annoying sources ;)
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