So I see some people around me, that seem to be able to find an altcoin that it brings them 5-20% increase in btc. How to resist not to put everything on an exchange and do the same? I did try a couple of times, but failed to make any profit. Should I be ok to just hold and put around 10% of my salary into BTC each month? Also, should I hold some alts or only BTC longterm?
thanks for the input
Trading with cryptocoins is very risky business,but sometimes very profitable and people are very easy to get hooked on it,especially if they have success in the initial stages of trading.But as you say it is not easy to find altcoin which has the potential for growth,many come quickly and even faster disappear.If you want to be successful in trading you have to be in that one hundred percent,check altcoins section daily,read and learn how to recognize right opportunity.
Like you say trading is not for everyone and your plan is actually very good and can make you very nice profit.In addition to
BTC which is the most promising coin it is hard to say which coin is suitable for longer investment,maybe ETH or LTC.