Investment on Crypto Currencies for the best return

in #investment6 years ago (edited)

Disclaimer: I am an investment advisor. I never say to buy or sell any crypto currencies. This is just my thinking and view after watching crypto currencies trend for many months. Please remember that investing on crypto currencies are too much risky and you could lose all your money on crypto currencies investment, so, make your diligent decision by yourself before you buy or sell crypto currencies or any digital money. This is just for the example or might be for your idea or plan on your crypto currencies investment.

I am writing this article assuming that you believe in the crypto currencies like Bitcoin, Ethereum, Litecoin, NEO, DASH or any other alternative coins.

I am writing this article assuming that you believe that there will be great future for the crypto currencies.

I am writing this article assuming that you believe in the blockchain technology which will have the bright future in coming days.

If you don’t believe all these, then this article is not for you because I don’t want to make your time wastage.

Here, I am writing a plan about how anybody can make the best return using this simple rule. Most of the peoples believe that investing weekly or monthly might be the good idea. In that case, I would say that you might be doing wrong since you are not considering the current price of the crypto currency, you are investing depending on the time and that means you don’t care about market price whether it bullish or bearish, you are just buying when the time comes up like you are investing in 401K weekly or bi-weekly or monthly.

My plan is to buy crypto when the price is in dip. Just wait and see. If the price dip down, just buys more and more since you believe the crypto currencies and it's future project. And when the price goes up and it’s more than your average price, you could sell or your decision again.

Here is the simple plan. I am taking Litecoin just for the example. You could take any coin that you mostly believe on.

Let’s assume, you have $3000 and you believe that there will be a bright future for Litecoin since you liked the team and their project and any other good or valid reasons. But sometimes it goes opposite and goes to bear market.

LTC1.JPG

Let’s assume following decreasing price of the Litecoin.

Let’s say Litecoin price is $130 buy 1 Price Paid: $130
Let’s say Litecoin price is $115 buy 2 Price Paid: $230
Let’s say Litecoin price is $100 buy 4 Price Paid: $400
Let’s say Litecoin price is $80 buy 6 Price Paid: $480
Let’s say Litecoin price is $60 buy 9 Price Paid: $540
Let’s say Litecoin price is $40 buy 14 Price Paid: $560
Let’s say Litecoin price is $30 buy 20 Price Paid: $600

LTC2.JPG

Here, the total number of Litecoin you accumulated is 56 and total amount you spend is $2940. That means your average price per Litecoin is $52.50 which is only $22.50 more than your lowest price $30 you paid.

Any crypto currency price is likely a roller coaster, it goes up and goes down as time passed. Since there is a lot of positive things going on blockchain technology, there will be more chances to go up of your average price sooner or later. Then you could make your decision whether to sell or buy more.

You don’t need to stick with this kind of simple plan. You could have your own best plan like above. This is just for the example.

Thumbs up if you like this.

Thank you very much for reading this article.

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