Key things to keep in mind when HODLing long-term: - When DCAing, always set the DCA amount equal to the margin amount. For example, if your initial capital is 2usd, your first DCA will be 2usd, the second will be 4usd, the third will be 8usd, the fourth will be 16usd,... - Always place the first DCA order (DCA at a loss of 500%) when you see the coin is down 300% or more. - Always place the second DCA order (DCA at a loss of 1000%) when you see the coin is still down 800% or more. - Always place the third DCA order (DCA at a loss of 2000%) when you see the coin is still down 1800% or more. - Always place the fourth DCA order (DCA at a loss of 4000%) when you see the coin is still down 3800% or more. Continue placing DCA orders for the 5th, 6th, 7th... like this, one day you’ll catch the bottom. - When using Cross, the margin can increase or decrease, so I create a Word file to track the initial capital when buying, making it easier to DCA later (similar to the list of coins I usually post for HODLing). - My buying amount for each coin is 2usd/coin, and I always keep x50 of the capital in my wallet to avoid getting liquidated (or when the market crashes), meaning I always keep 100usd in my wallet. - When buying more coins, I inject more funds. I don’t use profits from coin A to buy coin B, because if coin A crashes, it’ll drag down other coins B, and later when selling, the total won’t be much (because I’ve already spent it all or lost when using that money to buy other coins). - When buying coins, only buy coins that follow the BTC trend like: ETH, SOL, AAVE, COMP, LTC,... - Don’t buy coins if they have a shady project, excessive supply,... If you don’t have experience, just follow my lead when I buy a coin, because if you buy a trash coin, that HODL will cost you a lifetime. Small capital + DCA = Immortal, NEVER DIE! Thanks to everyone for trusting and following.
I'm sharing with you all how to DCA; for me, DCA + a small capital = invincible. - I'll take the example of pig $LAYER , the initial capital when hodling (Long) was 2 USD, let's keep it simple at 2 USD. - Right now, it's down -163% (= down 3 USD). - Here's how I manage my pig: DCA when it's down 500%, I'll DCA x1 margin at the moment (which means 2 USD initial capital). - Step 1: initial capital when hodling the pig. - Step 2: check the SL to see what price corresponds to a 500% loss. - Step 3: copy the 500% loss price into the buy price. - Step 4: buy the amount equal to x1 the initial margin. - Step 5: when the coin is down 500%, the DCA order will trigger immediately.
To wrap up my DCA strategy: - When the coin is down 500%, I will DCA x1 margin at the moment (which means buying 2 USD). - When the coin drops further to 1000%, I will DCA x1 margin at the moment (which means buying 4 USD). - When the coin drops further to 2000%, I will DCA x1 margin at the moment (which means buying 8 USD). - When the coin drops further to 4000%, I will DCA x1 margin at the moment (which means buying 16 USD). - ... and so on with DCA, one day I will catch the bottom, and at that time, the amount will be significant, no longer just 2 USD.
A lot of folks laugh at me for the small amount of money I have, thinking it won’t lead to anything, but here's my journey: - I'm hog farming (which means going Long) for the long haul, like 5-10 years. - Once I buy enough, say 50 hogs, I’ll stop (this includes metals, stocks, and coins). - My capital is only trading 2usd/coin, so if I buy 50 coins, that’s 100usd total. If the market crashes and one coin DCA's at -500%, I’ll lose 10usd per coin x 50 coins, totaling a loss of 500usd. If the market dips even deeper, the amount I DCA at that point will be substantial, not as simple as you guys think, alright?
Brothers, keep hodling, one day we'll catch the bottom. Two pigs are flying: $BAS - up 1500%, $HEI - just started farming the other day and already up 500%.
With my pigs 18, 19, and 20: Long $ETH $AAVE $SOL A few days ago, I predicted BTC would hit 73k, so I'm waiting for it to dip to 73k before I stack more pigs.