Bitcoin Forum

Investment in cryptocurrency is not that easy as we think as the prices of coins go up and down. With the lack of sufficient knowledge of the coins, it may drag you into the loss.

Here you can find a collection of cryptocurrency investment tips, which will be useful to long-term investors:

1. Focus on market cap rather than the coin price.
2. Don’t sell coins immediately if the price rises.
3. Be careful in diversification.
4. Chose a real coin which lasts.

https://atozforex.com/news/4-long-term-cryptocurrency-investment-tips/ (https://atozforex.com/news/4-long-term-cryptocurrency-investment-tips/)

I'd personally try to scale it out a bit. Sell a fraction of your holdings once price rises, and keep doing so as the price continues to rise. At least if the price reverses, you would have locked in some profit...

There's a saying in Wall Street: "In a bull market, bulls make money, bears make money, and pigs get slaughtered!"

I like the way you trade, it seems like you are one of those "safe traders" you want to make sure to catch some profit in case that the price of that particular currency rises up again by leaving a fraction still in your account. I like the quote :)

I have to take on number 4. "Chose a real coin which lasts" some people that buying bitcoin at the early stages in 2009 has make a huge profits if they hold uptill now.  For those that also buy ethereum and litecoin in 2015 and hold till now has made great profits if they sold yesterday. To me the best thing to do in crypto currencies trading is buying  good coins and hold for long term.

Most of the people that have succeed use the same method as you do

I think you must have a good detail knowledge before long term investment to any platform,
The concept is clear and demand able concept which is really demand of the market
The technology which the coin is using for transactions
The team management of the project and their participation
Market capitalization and value of this cryptocurrency.