The Road to 10x: Lessons Learned

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Hey there, Hodlers!

It’s been a rough few days in the market, but we’re finally seeing signs of a recovery.

Fingers crossed it holds. 🤞

This week brings key events that could rattle the markets again - thanks for the anxiety, macro data. 😟

And next week, Trump takes office.

Let’s just hope it’s not a "sell the news" scenario that drags prices down further.

Bitcoin, though, is doing its thing, holding above $90K like a champ. 🏆

However, Bitcoin dominance has climbed to 57%+, leaving alts battered and bruised. 🤕

We’ll dive into a full market analysis on Friday, but for now, let’s focus on trading because some altcoin prices are looking real tempting right now.

Let’s get into it. 🚀

First up, big news - we’ve upgraded our portfolio tracking game!

We’ve switched to Drop Tabs because CoinStats was driving us nuts with bugs.

Check out the new links for the 10-10-10 Challenge Portfolio below.

Speaking of the Challenge, let’s get the new subscribers up to speed:

• What’s the 10-10-10 Challenge?
  On September 6, 2024, we started with $10K and challenged ourselves to 10x it in 10 months through altcoin trading.

• Why are we doing this?
  To find out if active trading can beat the classic “Hodl Bitcoin” strategy.

• How’s it going?

  • If we’d just bought Bitcoin, our $10K would be worth $17,922 today.

  • With altcoin trading, we’re currently at $15,657, but we peaked at $18,437 on December 7, just about even with Bitcoin’s $18,492 that day.

  • The verdict? We’re still holding out for an altseason where Bitcoin dominance flows into altcoin gains.

In the meantime, here’s what we’ve learned so far (reinforced by 8+ years of trading crypto):

• When macro events spook the market, cut altcoins and move to Bitcoin or stables.

• If Altcoin crashes stress you out, just Hodl Bitcoin.

• Without a strong Altseason, Bitcoin is the safer bet, but targeted alt trades can still yield gains

• Try to DCA (Dollar Cost Average) during dips to minimize risk and protect your downside.

On that note, we took advantage of yesterday’s dip to grab two coins.

Some AI16Z and some AIXBT, two promising AI agent altcoins we have been talking about in recent newsletters.

As you know, many believe the AI and AI Agent narrative will dominate this year.

If the market dips again, we’re ready to add to our position.

Stay tuned for more insights, updates, and strategies as we keep working toward that 10x goal! 🚀

• Trading Portfolio with real-time values, holdings and complete trading history.

• What if we had just bought Bitcoin instead? Bitcoin Only Portfolio.

• Curious about our 10-10-10 challenge? Visit our Challenge Page for the details.

You made it to the end of the Hodl Report trading email! 👊

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Happy Trading!

Disclaimer: The content from Hodl Report should not be taken as trading, investment or financial advice or solicitation to buy or sell any assets. This newsletter is for informational and educational purposes only. Please be careful out there and DYOR (do your own research).