Long term crypto strategy

[Sebastiengr]

Hello guys
I am very interested in developing a long term strategy holding some crypto. I aim to save a standard amount per month using DCA strategy. What are some advices you could give? What is the best way to earn some % interest as I do not want to sale or trade?

thank you

 

[BassTrackerBoats]

Hello guys
I am very interested in developing a long term strategy holding some crypto. I aim to save a standard amount per month using DCA strategy. What are some advices you could give? What is the best way to earn some % interest as I do not want to sale or trade?

thank you

I do not know that you can get interest on your holdings in crypto but I am sure there are those that can address that but if you are looking at long term in crypto you want to dollar cost average and that would mean buying on a regular basis.

 

[Deleted member 1333509]

Hey OP,

Good call with DCA, it's a strong strategy in order to protect yourself from drops in price throughout the last~6 months of the bull run, while also making as much gain as you can with the income you're putting towards it.

Research the yield that you can gain from different tokens and try to cross reference that with their potential for price growth. Some tokens (typically ERC20) have lower levels of yield of 5% - 40%, many BEP20 tokens on Binance Smart Chain have up to 300% yield and so it's an important consideration because you can create quite a nice little weekly income stream if you set it up the right way.

Interestingly then you'll technically have two different revenue streams being dedicated to DCA - your outside income and your yield.

Also make sure to implement compounding as it can boost your yearly return by more than double.

 

[bestspinner]

I tested staking recently, running it for 12 hours gave me some interest around $2 and when finished and swap coins to usd and made a profit of $80 as the coin price went up. So if I keep staking, it will earn around $4/day in interest.

edit: Im testing on pancakeswap

 

[splendiddog]

I tested staking recently, running it for 12 hours gave me some interest around $2 and when finished and swap coins to usd and made a profit of $80 as the coin price went up. So if I keep staking, it will earn around $4/day in interest.

edit: Im testing on pancakeswap

How much did you invest first ?

 

[RichKIDLK]

I tested staking recently, running it for 12 hours gave me some interest around $2 and when finished and swap coins to usd and made a profit of $80 as the coin price went up. So if I keep staking, it will earn around $4/day in interest.

edit: Im testing on pancakeswap

Any YT guides to this my friend?

 

[Hawkster]

I just got started, im basically winging it at the moment. I bought £170 of shares that are now worth around £380 which is not bad considering i know jack shit about it. There is a guy i know who has skills with reading charts and is gunna help me learn all that stuff in the next few weeks. But honestly my strategy is to try and by low and sell high. Which is everyone's strategy i think right? In any case winging it has been working for me lol

EDIT: I have no idea what the DCA strategy is. Im just throwing my experience into the convo.

 

[maggly]

I use jetbot and get 15-25% profit per month trading usdt futures

 

[Digitly]

Best Strategy: Buy, Hold and Enjoy

 

[True Miller]

Long term strategy.. Find new DEXs, farm tokens early, auto compound with a yield optimizer.