My Own Crypto Strategies - Long-Term and Short-Term

My strategy involves holding selected cryptocurrencies from now until 2030 to 2035.

This extended time frame allows for the crypto market to mature further  and potential substantial gains as blockchain technology continues to integrate into various industries.

Conduct thorough research on each cryptocurrency you invest in.

Understand the goals and missions of the companies behind these coins. Investing in projects you believe in increases your confidence and patience during market fluctuations.

Despite being around for over a decade, cryptocurrency and blockchain technologies are still in the early stages of widespread adoption.

As more people and institutions become comfortable with crypto, the potential for growth increases significantly.

XRP is designed to facilitate fast and cost-effective international payments. Its partnerships with major financial institutions and ongoing developments in its network suggest it could play a pivotal role in the future of cross-border transactions, making it a strong long-term investment.

Stellar Lumens (XLM) aims to connect financial systems, particularly in developing regions, by providing low-cost financial services. Its focus on inclusion and its partnerships with various financial entities position XLM as a cryptocurrency with significant long-term potential.

Cardano (ADA) is known for its rigorous scientific approach to blockchain development. With a strong emphasis on security, scalability, and sustainability, Cardano aims to provide a robust infrastructure for decentralised  applications and smart contracts. Its innovative approach makes ADA a noteworthy long-term hold.

My short-term strategy focuses on making quick profits by aiming for 7 to 10% returns.

I invest a set amount weekly, take the profits, and reinvest the original amount only.

Crypto markets operate 24/7, requiring vigilance or the use of automated tools.

Implementing limit orders can help you buy and sell at optimal prices without constant monitoring, making it easier to manage your investments. 

Avoid over-investing in a single coin.

Distributing your investment across three different coins can mitigate risk. 

As soon as one investment yields a profit, take the gains and reinvest the initial capital. 

Always be prepared for the possibility of losing your investment.

If you find yourself stuck with a coin, exercise patience.

Markets often recover over time, and panic selling can lead to unnecessary losses. 

Waiting it out can often result in a favorable outcome.

Avoid panic buying.

If a coin nearly hits your limit order but then increases by 5%, it can sometimes be best just to let it go. 

Either wait for the price to drop again or find another coin with potential.

Discipline is key to successful trading.

Meme coins like Pepe, Shiba Inu, Bonk, Boba, and FLOKI have shown potential for significant short-term gains.

Their high volatility can create profitable swings within weeks, making them suitable for quick trades.