I want to demonstrate the power and potential profitability of the long-term HODLing strategy by sharing my results from 2017.
I invested in 7 different cryptocurrencies in 2017 (as a long-term hold), and saw returns ranging from 150% to 1471%. I did not make a loss on any of the cryptocurrencies that I held through all of the corrections and dips.
never trade they will kill you at tax time keep hodling for atleast one year
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Yeah it's such a headache keeping track of all of the transactions too. Buy & hold ftw
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or you can just HODL ;)
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Agreed. Trading around was interesting for me to learn but makes tax complicated and also the cryptos have done so well i don't want to incur ordinary income tax vs long term capital gains.
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That's my experience too. Trading is fascinating and quite fun, but it's just not worth it
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Totally agree: Buy and HODL!
Not sure what's the tax law in UK, but in US there's a huge tax difference between short term v.s. long term gain (up to 40% v.s. 20%).
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very nice portfolio, I also have noted down some coins which I will be buying really soon. thanks for the video :)
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La hierba se seca y la flor se marchita, pero la palabra de nuestro Dios permanece para siempre. / Isaías 40:8
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Hey, another crypto-newbie here. Found your stuff on YouTube and now i'm stalking you on steemit. I've been meaning to join for a while, but your videos put it back on my radar. Keep it up, and congrats on the gains!
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Best to just pick long term project with substance and hold.
Remember you either HODL HODL HODL, or you get TAXED TAXED TAXED... The choice is yours!
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HODLers win!
Im nowhere need those numbers, but I started slowly and only in october I threw in a large cash.
I like how simple your portfolio is, only thing I miss is XMR :)
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Patience is the key to success in crypto currencies investment. Congratulations @louisthomas
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That is some good gains, mate.
Shows the beauty of researching into projects and investing in those you believe in. 1150% .....gain train, baby!
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Great video and phenomenal returns. Thanks so much for sharing.
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Thanks for your great videos, cause of you I got into investing in cryptos at the end of 2017 and I hopt the market will grow nearly as good as 2017.
I think I will try Iota too, until now I got BTC, ETH and LTC.
Sure, until now it holds his value but I think the rise will come when it gets in the handy of more and more people.
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While watching the video I was like:"OMG performed really bad.. only 150%." But wtf, 150% in a single year. That's just damn insane. Not speaking about your Ether gains or people how hodled XVG. This market is so crazy. Glad I got in a few months ago. Keep up the great work!
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I remember thinking that Ethereum at $300ish was high, but we've now seen it go to 4x that level. And in the last few days some people have been panicking over the corrections/crashes from South Korea announcements/whatever, but if you HODL through it you won't have lost anything. Good strategy, man. If you pick cryptos that are solid and poised for long-term success, then you don't have to worry about timing the entrance and exit as much.
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thanks for sharing, really usefull for new starters! :)
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I think enthusiasm in anything we do pays dividends, clearly true in your case. Great returns indeed!
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Do you recommend buying LUNYR or AEON ? I see great potential in their team and technology and idea behind lunyr seems legit!
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One of the best real world uses for Crypto at the moment with great potential. Makes up a major part of my portfolio
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I see a pattern, most of your earlier investments seem to have made the greater gains, just shows how fast cryptos are rising in value. I am in a similar position, just wish I'd started my crypto journey early 2017 rather than the end. I quickly discovered that 90% of crypto advice videos on youtube just talk about the price and look at charts. The other 10% are actually helpful and informative....you are certainly in the 10%.....yes this is a complement my friend...keep at it....you are helping a lot of people on this journey. Thanks buddy !!
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Thanx for the video man, I'm just starting out in trading crypto, I need videos like these.
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Your returns figures sound fascinating. We feel its easy money but no one knows the amount of research put in selecting the right coins that too at the right time. Plus the risk which is taken. Early investors are major gainers or major loss bearer.
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Here we have planned to setup a community among ourself to increase the earning by following strategies.
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@haja @nasurunavas
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So for we received response from 1400 people.
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Its an early try!!! In future hope we will be the big community.We are planning to make this community only for those who have reputation more than 50.
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