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September 10, 2017, 11:16:25 PM |
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Hi All
Just joined the forum, what a wealth of information! My first question is relatively straightforward in its asking, although I appreciate the answer might be anything but!
I'm more interested in playing the long game with any investment I make, 'long game' meaning investing now and seeing where my investments are at when we get to 2022. If I'm being honest, my interest isn't really in making multiple smaller investments and buying/selling as I go. I'd rather make what, to me, are more significant investments and as I say play the long game. Note if I lost all of this investment I would survive i.e. I'm not going beyond what I can afford to lose.
Here's what I'm thinking:
1. Invest in 1 x Bitcoin. 2. Invest in 10 x Ethereum. 3. Attempt to resist the temptation to sell between now and 2022 unless either/both increase very significantly in the interim. 4. Assess the situation come 2022 and, if either/both are going to bring me a significant return, sell.
I'm making a LOT of assumptions re: the intervening years I know. Been reading lots of interesting articles about the way cryptocurrencies could go over coming years so yes, anything between now and 2022 can obviously happen.
However, given none of us truly know what the future holds, do you think my proposed approach is reasonable or foolhardy?
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