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SubZer0 (OP)
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October 06, 2018, 08:32:02 AM |
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It is a tough thing to figure out what to do a lot of times because is is almost impossible not to look at CoinMarketCap and see where stuff is at.
This depends on how much money you have to invest in this space and if it won't affect your life if you don't see any of this money for several years but if you look at it like this. Keep taking bits of money and putting it into these projects you believe in and when they shoot up then take some earnings and take a position in another project you believe in with those earnings but you always maintain a position in all these projects you believe in. That way if they really shoot up like crazy you will still have a hand in it.
If a person can do it it makes sense to always maintain some level of position in crypto because we don't know how high these runs are going to go.
What I'm trying to do is go balls deep on some investments that I believe the strongest in and then keep my toes in the water in several others that I think are solid projects as well.
But be ready for 90% of the stuff out there to basically be a scam and never come up with anything.
Don't follow my advice. I'm wreckless but I think we all know this tech is the future.
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CryptoBry
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October 06, 2018, 08:41:36 AM |
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Just like the DotCom bust which decimated many investments years ago, the same thing can soon be happening with the world of cryptocurrency. But make no mistake this is the future but sometimes a big revolution can be necessary before we can arrived into that dreamed future. There are many problems and challenges this industry has to bravely face and there is a necessary forge to make it truly more adept to its full potential. Scams are always happening here and I think scammers from other fields are now making big headway here because people are still interested to pour in their money with many projects thinking that soon they stand to be very valuable and they can gain some profits along the way. The industry has to deal with these scams because many people are equating cryptocurrency with the frauds always happening here. We have to be careful with the projects we are dealing with and do some due diligence to make sure that the people behind them are not just another bunch of fakes.
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LukeHartman
Newbie
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Activity: 25
Merit: 0
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October 08, 2018, 01:55:46 AM |
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There are many problems and challenges this industry has to bravely face.Scams are always happening here. We have to be more cautious about keeping coins and improving investment.
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greenlanternlight01
Copper Member
Jr. Member
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Activity: 252
Merit: 6
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October 08, 2018, 01:59:00 AM |
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It is a risky venture to go for a deep investment in one coin only. It is always safe to invest in a couple of altcoins to stay in the safe zone.
I have 10+ coins and I'm only adding more to that. |
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GenesisDominguez
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October 08, 2018, 02:12:58 AM |
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Your idea is not bad. But, Altcoin is not stable like Bitcoin, and a lot of Altcoin have crashed. So, there is a chance of a terrible loss if you are not cautious enough.
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ChadHuerta
Newbie
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October 08, 2018, 02:15:52 AM |
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The thing to understand here is with any investment crypto or otherwise it is beneficial to be careful and do in-depth research as what happens to your funds is in your hands and it is your job to know what it exactly is that you're investing your money into.
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biskitop
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October 08, 2018, 02:21:46 AM |
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now the market is better than before. so you hold the altcoin that is still in your wallet, and buy an altcoin that is currently experiencing an increase and will continue to pump. let's say etherum, eth, waves, abyss, neo, cardano, they're pretty good these days.
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makishart
Legendary
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Activity: 3066
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
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October 08, 2018, 03:34:39 AM |
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It is a risky venture to go for a deep investment in one coin only. It is always safe to invest in a couple of altcoins to stay in the safe zone.
I have 10+ coins and I'm only adding more to that. Don't you even think if that was too much? It looks so difficult to manage each coin in your portfolios, It will be much better if you are decreasing the total of your portfolios dude. These days it will be much better if you are putting all of your effort to manage less than 10 coins and that will make you so easy to monitoring the performance of your portfolios. |
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Alpha0One1
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October 08, 2018, 03:37:42 AM |
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Just like the DotCom bust which decimated many investments years ago, the same thing can soon be happening with the world of cryptocurrency. But make no mistake this is the future but sometimes a big revolution can be necessary before we can arrived into that dreamed future. There are many problems and challenges this industry has to bravely face and there is a necessary forge to make it truly more adept to its full potential. Scams are always happening here and I think scammers from other fields are now making big headway here because people are still interested to pour in their money with many projects thinking that soon they stand to be very valuable and they can gain some profits along the way. The industry has to deal with these scams because many people are equating cryptocurrency with the frauds always happening here. We have to be careful with the projects we are dealing with and do some due diligence to make sure that the people behind them are not just another bunch of fakes.
I have the same view as this post. I wish I could give Merit but my merit to give has remained 0 for several months now. One of these crypto projects will be the Googles, Amazons and Alibaba of the crypto space. |
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antonhuda
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Activity: 308
Merit: 11
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October 08, 2018, 03:40:01 AM |
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One thing you have to do is confidence and monitor the market to be able to see developments every time. If your coin is potential then stay on your coin and will have a good future.
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PipeMaddox
Newbie
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Activity: 25
Merit: 0
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October 08, 2018, 05:19:01 PM |
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This tech indeed is the future. Just be careful keeping hand in all those altcoins. This plan of yours is working for you now; but don't loose control.
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BogdanGFTP
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October 08, 2018, 05:52:58 PM |
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I think that investment in crypto assets is an interesting game of chance for most of investors and the only advice that I could give to novices in that game: forget about the money which you change to crypto and have a good time!
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anggriani
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October 08, 2018, 05:59:01 PM |
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Yes, I agree that crypto is a valuable asset in the future and is a favorite investment choice. If we have money in a bank or other investment, then this is the right time to move it into crypto, because every year crypto continues to grow and we will lose opportunities in the future if we don't start now.
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tbterryboy
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October 10, 2018, 07:04:16 AM |
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Your idea is not bad. But, Altcoin is not stable like Bitcoin, and a lot of Altcoin have crashed. So, there is a chance of a terrible loss if you are not cautious enough.
Yeah I am also not in favor of investing all your money in crypto. There is no guarantee for growth in the prices in the coming days and if the price falls more you will lose your money. For me I think that only extra money should be invested in crypto to avoid disappointment and lose courage. It is also possible that you make big money in short time. The thing to understand here is with any investment crypto or otherwise it is beneficial to be careful and do in-depth research as what happens to your funds is in your hands and it is your job to know what it exactly is that you're investing your money into.
Splitting your investment in different coins is much better than buying just one coin and wait for the price to rise. If it downs you will definitely lose your money. If you buy more than one coin, you will get more chances of making money. If one drops the other will rise and you will be safe. Also keep some cash in your account to avoid financial hurdles in the future. |
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sergey1301
Jr. Member
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Merit: 1
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October 16, 2018, 05:49:19 AM |
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Interesting and informative! Thanks for the information!! But You did not consider that, the majority of Altcoin (in 2018), Scam.
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Airelves09
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October 16, 2018, 06:18:06 AM |
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Investment encryption is like gambling. The risk is very high. But if you have done research on the project and rely on it. I believe everyone has his own portfolio. In encryption, revenue and risk coexist. Keeping revenue and reducing risk is something we need to consider. You never know what will happen in encryption.
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Herbert2020
Legendary
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Activity: 1946
Merit: 1137
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October 16, 2018, 06:43:00 AM |
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you always maintain a position in all these projects you believe in. That way if they really shoot up like crazy you will still have a hand in it.
this is a bit contradictory in my opinion. because a "project" in this context means a cryptocurrency and believing in it means you believe that this cryptocurrency will reach mass adoption and be used in the world more. for example when you believe in bitcoin it means you believe that bitcoin will reach mass adoption and because of its scarce supply and the huge demand that will come, the price will be a lot higher than this. in this case talking about "shoot up" in short term is crazy in my opinion. you invest in such things for long term not for short term fluctuations and "shoot ups". and the sad part is that when it comes to altcoins none of them have that long term potential. but i agree with the other part of your comment and that is why i do too. i invest in coins that are rising (pumping) and take the profit and bring it back to what i believe in (which is bitcoin) and store for long term. |
Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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disconnectme
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October 17, 2018, 02:47:21 PM |
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Your strategy would work if the market is going up but not in a market where there is a one step up and two steps backward. I think for now what we need is to invest in a projects with found fundamantals, I for one has decided to stop gambling on these Shitcoins in the space
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Bittalk12
Member
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Activity: 434
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October 17, 2018, 03:19:12 PM |
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If you wanted to multiply your profit, you should not put that in one basket or don't focus in one thing. What you said is very effective to earn a profit here in crypto market specially in a time like this where most altcoins price went down for over 70% already. If you just keep holding your altcoin to your wallet and wait for their big break to go to the moon, then you are only minimizing the potential to earn more while time is running.
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bixorastexante
Jr. Member
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Activity: 149
Merit: 1
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October 17, 2018, 03:37:33 PM |
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But it is quite a good advice. Keep some of this, some of this and some of this and your chances to lose is going down. Nice tactic I think.
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