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March 21, 2018, 11:40:37 AM |
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I will describe the essence of the strategy we apply. Here are the main criteria, based on which, we make our list of cryptocurrencies:
1️⃣ As for my primary criterion for portfolio creation, I usually choose those coins which expect IMPORTANT EVENTS in the nearest future. These include important upcoming releases, partnerships, coin appearance on good exchanges, and worthy forks. Exactly good events affect the coin’s growth. It’s crucial to comprehend what events can affect the coin’s growth and what is completely unimportant, having absolutely no impact. It is also important to be able to see when the coin can grow in connection with an event. Depending on the type of an event, altcoin may start growing a few weeks before the event (e.g., an important release), or, on the contrary, – only after an event has occurred (e.g., listing on an exchange). The rule “the closer the event, the more likely the altcoin will grow” does not always work here. It’s quite possible that speculators can pump up the coin in advance and start getting rid of it before the event. That’s why it’s important to buy altcoin in advance. Of course, if the market undergoes a total correction, an event doesn’t affect the coin’s growth. However, if the market grows or rests, a certain coin will grow much better than others against the background of a particular, important event in its network! We carefully analyze all the anticipated events involving the coins. We get the information right after it is published on Twitter and other resources.
2️⃣ All coins we select have to feature something. The IDEA behind it is the main thing for us. For instance, a blockchain project aimed at creating a decentralized market/smart contracts/health industry, which is able to solve mediation and corruption issues, inspire trust. However, if this is another shitcoin with a bad team, bad turnovers, or bad ideas, we ignore it.
3️⃣ A portfolio should include no less than 5 or preferably 10 to 15 altcoins. This strategy allows you to minimize risks since each coin will have an average of about 10% of your portfolio.
4️⃣ I lock in altcoins, which have strongly grown, in other altcoins, the growth of which is expected.
5️⃣ Absolutely no Bitcoin in the portfolio; Bitcoin shows lower tendencies to grow than other currencies.
6️⃣ I never acquire coins which have already shown strong growth lately, even if they conform to all other criteria.
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