Yes I could hold my BTC in safe and I would have profit in the long term (2-3 years) but in the meantime what do I do? Which is why I decided to risk 15% of my capital in a trade and 35% of my capital in altcoin (in spot) the remaining 50% I am holding.
that is a good strategy and i am doing the same thing but these percentages are terrible for my taste. the altcoin market has a huge risk compared to bitcoin market thanks to the fact that it is very easy to manipulate it and most altcoin exist only for manipulation and nothing more. on top of all that, whenever bitcoin price makes a sudden move we see a big altcoin dump!
which is why i prefer a much lower percentage of my capital being risked in altcoin market.
I am glad you appreciate my investment strategy.
The reason why I decided to divesify 35% of my capital into altcoins (ETH, LTC, NEO, DODGE, MONERO) becouse I want to hold those crypto for a lot of time (2 years) and sell them for the next Bitcoin's ATH.
The alts that you bought seem decent at least. You won't believe how many people are out there that got their savings invested in alts which are >99% down from all time high and they keep investing in them because they seem to have the most highest looking rate of return, and its not exactly true because many of those alts might get delisted and eventually stop trading and be worthless. At least with your 5 you won't have that issue.
Regarding your liquidation, don't use liquidation as your stop loss, I am assuming you are using Bitmex. If so put in a stop loss higher up. If your order is forced to liquidate you will lose more than just setting a stop because of the way the liquidation engine and the bitmex insurance fund works.
Exactly, although I have not recommended Shitcoin for a long time, I still have followers who offer me altcoins that are not even worth 1 cent, and buy thousands with $ 50, hoping that one day it will make + 1000%
This is a wrong investment, it is now and always will be wrong! I wouldn't recommend it to anyone!Anyway I currently have a position on Bitmex, I will tell you I am not rependet at all, last week I had a very strong negative, about 500 points were missing to the liquidation, despite this I still felt confident in my strategy, and I did well because now I am in BEP.
If you want to play a position with SL you can do it if you buy on a resistance for example and then put SL near 10/20% loss if you get filled.
